Ariel: Iraq is on their Way Back to the Global Table

Ariel:  Iraq is on their Way Back to the Global Table

6-26-2026

On Your Mark, Get Set, ASYCUDA: Iraq On Their Way Back To The Global Table (Forex Market Preparation)

You Are Seeing Movement That Can Only Mean One Thing

Iraq positioning the dinar for forex market participation is the quiet revolution that changes everything.

Here Is What You Need To Know

Once redenomination happens (removing the three zeros) and the currency gains real usability, the path to floating on international forex platforms becomes viable. This isn’t about wild volatility or casino-style trading. It’s about controlled, monitored entry into global exchange mechanisms where supply, demand, and real economic fundamentals drive value instead of fixed auctions and political whims.

The new AML-hardened Governor, Starlink connectivity, ASYCUDA customs automation, and ISO 20022/Ripple rails create the transparency backbone required for credible forex participation. Legacy players who benefited from opaque dollar auctions and offshore parking are about to lose their favorite playground.

Why This Matters On A Deeper Level

Forex trading for the dinar would mean genuine market discovery investors, institutions, and sovereign funds able to hold and trade it directly. Combined with gold collateral (170+ tons), stabilized oil revenue via HCL, and diversified income from projects like the Path of Civilizations corridor (Asia-Europe digital and physical artery with Qatari GBI involvement), the dinar gains organic demand drivers.

Post-redenomination starting around 0.62, a managed float toward higher territory (functional 1:1 parity over time in-country) becomes realistic as stability compounds. This directly challenges the old merchant banking model that preferred managed weakness and dependency.

The Convergence Is Brutal For The Old System

• Starlink covers remote oil fields and borders for real-time production and customs data.

• ASYCUDA (July 10 implementation) standardizes trade flows between Baghdad and Erbil.

• Ripple/ISO 20022 expansion across 25+ banks by month’s end forces structured transparency on every cross-border transaction.

• The new Governor’s AML background ensures enforcement.

• Cashless government mandate by early July turns policy into daily reality.

• HCL final agreements lock oil revenue clarity.

All of this infrastructure makes forex entry credible instead of another failed experiment.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/on-your-mark-get-162091700

https://dinarchronicles.com/2026/06/25/prolotario-iraq-is-on-their-way-back-to-the-global-table/

What Happens to your Money on Reset Day?

What Happens to your Money on Reset Day?

Taylor Kenny:  6-26-2026

he global economic landscape is constantly evolving, and discussions around potential monetary shifts are becoming increasingly relevant.

 A recent video from ITM Trading offers insightful analysis into the concept of a “monetary reset,” exploring its historical underpinnings, potential implications, and strategies for individuals to consider. This post will delve into the key takeaways from that discussion, focusing on understanding these complex economic ideas and how one might approach them.

At its core, a monetary reset occurs when a government officially announces a significant change to its currency system. This can manifest as a “revaluation,” “reset,” or “restructuring,” often involving the introduction of a new currency or a dramatic alteration to the existing one.

The video highlights several preceding symptoms that typically signal such a shift: unsustainable levels of national debt, persistent trade imbalances, the imposition of tariffs, and rising inflation. These indicators have been observed in various economies throughout history, including examples from Mexico, Venezuela, and Zimbabwe.

A central theme of the discussion is the gradual erosion of purchasing power over time.

The video references the significant decline in the value of the US dollar since its inception in 1913, noting that its current purchasing power is dramatically reduced. This long-term trend underscores how fiat currencies, over decades, can diminish in their ability to acquire goods and services.

 When faced with severe economic challenges, governments typically confront two main choices: default on their national debt or implement a currency reset.

For major economies, a direct default is often considered a less likely path due to the potential for widespread civil unrest and significant geopolitical repercussions. Consequently, a reset or restructuring often emerges as a more manageable, albeit still impactful, alternative.

To illustrate the mechanics of a monetary reset, the video uses Mexico’s historical experience as a compelling case study. Resets often involve the removal of zeros from the currency – for instance, a 1000-to-1 reset where a new unit of currency replaces a thousand old units.

While this is primarily an accounting convenience, it fundamentally alters the perceived value of money and, in effect, reduces the purchasing power of existing balances. The experts in the video paint a vivid picture of a hypothetical ten-to-one reset for individuals holding US dollars, emphasizing the substantial impact it could have on personal wealth if held exclusively in traditional fiat currency.

The video offers a contrast between holding wealth solely in fiat currency during such a reset, and the potential benefits of converting it into specific assets.

Gold is presented as a significant potential hedge in these scenarios. Historically, when fiat currencies are devalued during a reset, the value of gold has often tended to multiply relative to the devalued currency, helping to preserve purchasing power.

Beyond gold, the discussion extends to the broader importance of tangible investments as a part of a diversified financial strategy. The experts also underscore the critical role of liquidity and strategic asset conversion following a reset, advocating for individuals to engage with knowledgeable analysts who can provide guidance through intricate financial transitions.

Crucially, the video frames a monetary reset not merely as a potential financial challenge but also as a distinct opportunity for those who are adequately prepared with the right strategies and a diversified portfolio of assets, particularly gold and other tangible investments.

The presenters strongly encourage viewers to seek professional financial advice. They emphasize that expert guidance during periods of economic change can be instrumental not only in protecting one’s existing wealth but also in strategically positioning it for potential growth and long-term legacy building.

For further insights and comprehensive information on this important topic, we highly recommend watching the full video from ITM Trading. Understanding these dynamics can empower individuals to make informed decisions about their financial future.

https://www.youtube.com/watch?v=1CDpb0G3v2g

Friday Iraq News Posted by Tishwash at TNT 6-26-2026

TNT:

Tishwash:  Head of Money Changers Syndicate: Recent Central Bank Changes a Positive Step to Enhance Financial Stability

The head of the Exchange and Mediation Syndicate, Diaa Al-Tai, confirmed that the recent changes made by the Central Bank of Iraq represent a positive step in the path of developing the financial sector, praising the selection of Nizar Nasser to assume his new duties due to his experience and competence in the field of combating money laundering and the financing of terrorism.

Al-Ta’i told “Al-Jarida” that Nizar Nasser’s expertise is in line with the requirements of the current stage and the challenges facing the financial sector, which contributes to enhancing compliance with international standards and consolidating financial stability in the country.

He added that the previous changes in the Directorate of Supervision of Non-Bank Financial Institutions, which included the appointment of Dr. Dirgham and his assistant Zaid Hamid, proved successful thanks to their high professionalism and extensive experience in following up on the affairs of exchange companies and handling administrative and supervisory files.

He pointed out that these measures contributed to accelerating the completion of many pending files, as well as strengthening communication and coordination channels between exchange companies and the Central Bank of Iraq.

Al-Ta'i reiterated the Money Exchange and Mediation Syndicate's support for all steps and reforms aimed at developing the financial sector and consolidating the principles of oversight and compliance, thereby enhancing the stability of the financial market and raising the level of confidence in financial institutions operating in Iraq.  link

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Tishwash:  Soon, Baghdad will host international figures: oil, electricity, and strategic partnerships.

Informed sources revealed on Thursday that important visits by international figures to Baghdad are expected, to conduct economic understandings that will bring mutual benefit to the parties concerned, just hours after reports spoke of the possibility of Iraq withdrawing from OPEC, and the repercussions of this decision on the global energy market.

A government source told Shafaq News Agency that “figures and representatives from some European Union countries will soon visit Iraq to reach understandings that achieve common interests, which will include presenting offers and economic partnerships in developing the energy sector in Iraq, including the oil and electricity sectors, in order to reach self-sufficiency and resolve the problem of supply hours.”

The source added that "among the proposed offers is the processing of associated gas and making the most of it in order to achieve self-sufficiency within a short-term plan not exceeding two years."

He pointed out that “supporting electricity production, along with proposals to implement projects to increase storage capacity and to acquire a joint maritime fleet with important countries, including the United States, is being arranged, with the aim of expanding the volume of Iraq’s crude oil exports.”

Oil Ministry spokesman Salim al-Rikabi had hinted, in a comment seen by Shafaq News, at the possibility of withdrawing from OPEC if the production level allocated to Iraq is not increased in line with its production capabilities and future needs.

In this context, economic analyst Joel Rimmer, who specializes in the global stock market, revealed on Thursday the repercussions of Iraq's exit from the Organization of the Petroleum Exporting Countries (OPEC) on the future of the global oil market, stressing that recent reports from Baghdad carried a message that said, "Either allow production to increase more freely or we will leave the organization."

Reimer said in an analysis published on the MarketWatch website and translated by Shafaq News Agency that “Iraq’s threat to withdraw from OPEC appeared deliberate and intentional, and any progress in this direction will have major repercussions on the global oil market, as an increase in Iraqi production outside the quota system could put strong pressure on prices that are already witnessing a significant decline.”

According to the analyst, Qatar's exit from OPEC in 2019 and the UAE's withdrawal on May 1, 2026, did not pose a major threat to the organization, given that Doha was primarily focused on gas production, while the UAE's production was only about 3.4 million barrels per day.

As for Iraq, the situation is different, as it is one of the founding members of the organization when it was established in 1960, and the second largest producer in it after Saudi Arabia, with a production of about 4.5 million barrels per day, according to him.

Reimer stressed that Iraq’s importance goes beyond its membership in OPEC, because the size of its production makes it a pivotal player in the global supply and demand equation, noting that the Iraqi position carries an indirect message to Saudi Arabia and the influential countries within the organization regarding Baghdad’s dissatisfaction with the current production ceilings imposed on it.

The US Energy Information Administration estimates that Iraq, if it ignores production quota restrictions, could raise its production to seven million barrels per day by 2029, an increase of more than 75% compared to current levels.

Reports also indicate that major American companies such as ExxonMobil, Chevron and Halliburton may be among the biggest beneficiaries of any anticipated investment expansion in the Iraqi oil industry.

Reimer concluded that OPEC losing a founding and major member like Iraq shortly after the UAE's withdrawal could lead markets to question the organization's ability to control or support oil prices when they decline.

The economic damage inflicted on the Gulf states by the war with Iran has created significant financial needs for reconstruction and investment, which may prompt some producers to demand an increase in their production quotas, raising the likelihood of a future oil supply surplus and increasing pressure on global prices.  link

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Tishwash:  After the end of the war, the Iraqi economy is on the path to recovery.

The Iraqi government has reaffirmed its commitment to the stability of the exchange rate, in a move that should reassure markets against the backdrop of the US-Israeli war on Iran, the closure of the Strait of Hormuz, and the disruption of oil exports.

The Iraqi government joined the Central Bank in reassuring markets about the dinar's exchange rate, with its spokesman Haider al-Aboudi stressing that there was no intention to print currency or adjust the exchange rate to compensate for lost liquidity amid the repercussions of the Iran war.

Al -Aboudi said in a television interview on Tuesday that “there is no intention to print currency or raise the dollar exchange rate to compensate for the lost liquidity,” considering that such options “do not serve the citizen and constitute a burden on him.”

The Central Bank of Iraq denied last week its intention to amend the dinar's exchange rate, warning against the circulation of misleading news, after a forged document was spread claiming there was a request to change the rate to 1,600 dinars per dollar.

Pressure on the dinar

However, these assurances did not completely stop the pressure on the dinar in the parallel market, where the price of the dollar rose from about 1449 dinars ten days ago to between 1550 and 1560 dinars, compared to the official price of 1310 dinars.

Reducing dependence on oil in the budget

In parallel, Al-Aboudi said that the government is working to reduce the country’s budget dependence on oil and enhance non-oil revenues, noting that Prime Minister Ali Al-Zaidi heads a specialized committee that aims to reduce the budget’s dependence on oil to 45% instead of 90% during the next ten years.

Al-Aboudi did not explain the mechanism for achieving this goal, but he indicated that the committee will work to maximize revenues from border crossings and customs and activate collection, at a time when the government needs to secure at least 10 trillion dinars per month to cover salaries and public expenses.

He added that “this figure requires revenue engineering in light of the current crisis, which is not easy at all.”

These moves come as Iraq faces exceptional financial pressures since the closure of the Strait of Hormuz, given its almost complete dependence on oil to finance its budget and exports.

The financial advisor to the Iraqi cabinet, Mazhar Muhammad Salih, said last week that Baghdad has not yet decided to request a loan from the International Monetary Fund, but it will need to decide its position by July if estimates indicate that the Iran war will continue beyond October.

Saleh added that Iraq is “almost financially settled until next October,” but noted that there are intensive consultations with the IMF about the nature of possible assistance.

Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund, said in April that Iraq had few options other than reducing spending and temporarily resorting to foreign exchange reserves, at a time when Bloomberg Economics estimated that Iraq needed about $75 billion to maintain the fixed exchange rate of the dinar against the dollar, out of foreign reserves that amounted to $100 billion on the eve of the war.

The Washington-Tehran agreement eases the pressure

With a temporary agreement reached between Washington and Tehran that would reopen the Strait of Hormuz, pressure on the Iraqi economy is likely to ease.

The economy needs two months to recover.

Zafer Mahdi Abdullah, head of the Iraqi External Development Fund and Iraq’s governor at the OPEC Fund for International Development, predicted that the Iraqi economy would recover within two months from the impact of the Strait crisis, with the gradual return of oil flow.

He added: “After the Strait of Hormuz was opened and Iraqi oil flowed through it, the economic situation began to recover gradually. It certainly needs time, but it will not take more than a month or two.”  link

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Tishwash:  A year without a budget... and the government is banking on comprehensive financial reforms in 2027.

In a new indication of the complexities of the financial and administrative landscape, attention is turning to the 2027 budget after the chances of approving the 2026 budget declined, as a result of the delay in completing the formation of the government and the continued vacancy in a number of key ministries.

On Thursday, Hussein Al-Darraji, a member of the Parliamentary Finance Committee, ruled out the possibility of the government finalizing the current year's budget within the required constitutional and administrative timeframes. He emphasized that the remaining time in the year is insufficient to prepare a comprehensive draft and present it to the Council of Representatives for approval.

 Al-Darraji explained that the government is effectively moving toward preparing the 2027 budget, anticipating that the draft will be sent to Parliament this coming October or November, in preparation for debate and approval prior to the start of the new fiscal year.

 He noted that the upcoming budget would undergo fundamental changes regarding the philosophy of its preparation and the mechanisms for organizing its financial schedules. Additionally, spending priorities will be re-evaluated and the actual needs of government institutions assessed to align with current economic and financial conditions.

 This approach comes as the state continues to rely on the "1/12" provisional spending mechanism—authorized by current financial management laws—to cover employee salaries and essential operating expenses. This reliance follows the failure to pass the 2026 budget, a process that has since become complicated by accounting and technical challenges.

 According to the Finance Committee, there is a preliminary consensus between Parliament and the government of Prime Minister Ali Al-Zaidi to focus efforts on drafting a new budget with a distinct economic vision. This new budget aims to rectify past imbalances and reduce the fiscal deficit, while ensuring readiness before the start of the upcoming fiscal year.

This delay is attributed to a range of political and administrative factors—most notably the recent election period and ongoing disputes regarding the completion of the current cabinet—which have hindered the ability of executive institutions to prepare a comprehensive draft budget during the first half of the year.  link

News, Rumors and Opinions Friday 6-26-2026

KTFA:

Clare: The Prime Minister told an American journalist: American companies will be given priority in investment.

6/24/2026

Prime Minister Ali al-Zaidi announced that American companies will be given priority in investing in Iraq, during an interview with American journalist Hadley Gamble.

Gamble tweeted on the X platform, "Exclusive interview with Iraq's new prime minister in Baghdad. He tells me American companies will be given top priority in investing in Iraq."

She also quoted al-Zaidi as saying, "500,000 barrels per day of Iraqi oil will go toward replenishing the US Strategic Petroleum Reserve (SPR)."

He added, "Iraq will consider suspending its OPEC membership if it is prevented from producing according to its capacity," further stating, "This will stifle corruption."  LINK

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Clare:  Iraq expands digital transit with Qatar agreement

6/25/2026

 Iraq signed an agreement with Qatar's GBI to market cross-border internet transit capacity through the Civilizations Road Project and received its first payment in foreign currency, Communications Minister Mustafa Sanad announced on Thursday.

Sanad said the agreement adopts the Indefeasible Right of Use (IRU) model, a long-term telecommunications infrastructure framework, to lease strands of Iraq's fiber-optic network, marking the first time the country has used this system.

The project relies on a land corridor stretching from al-Faw in southern Iraq to Rabia near the Turkish border, linking data traffic from Asia and the Gulf to Europe through Turkiye. According to the minister, the route reduces latency compared with conventional submarine cables, strengthens Iraq's position as an international digital transit hub, and has already attracted requests from several Gulf countries over the past week to use the corridor.

The Communications Ministry launched the Civilizations Road Project into commercial operation in 2024 as Iraq's first internet transit network, a roughly 2,000-kilometer fiber-optic corridor linking the country with neighboring states through five border crossings: al-Faw, Safwan, al-Mundhiriya, Arar, and Rabia.

In March 2025, the ministry signed an agreement with Qatar's Ooredoo to establish Iraq's fourth submarine cable, and in May, Zain Omantel International announced a new telecommunications corridor linking the Gulf to Europe through Iraq.   LINK

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

Reset Intelligence  For weeks the only question out of Baghdad was who. Who runs the central bank. Who fills the empty chairs. Today it turned into when, and Baghdad answered. Al Hikma, one of the blocs holding Iraqi Prime Minister Ali al-Zaidi's coalition together, confirmed a special session of Iraq's parliament for July 5 to seat the last 9 ministers. By the middle of July, al-Zaidi is on a plane to Washington...Swearing-in now has a deadline, and the deadline is a flight...A date this specific, tied to a trip this public, is a firmer promise than the open-ended waiting of the last 6 months.

Walkingstick [Iraqi Bank friend Aki update]  At 3:00 in the morning, Aki told us get ready because the lower notes and the new exchange rate is coming.

Stephen  Iraq is moving faster than I've ever seen them move before.  They are rooting out corruption at levels I had never seen before.  It all makes you wonder, hmmm, the timing is all very interesting.  We have the Prime Minister Zaidi going to Washington in the middle of July.  A lot can happen between now and the middle of July...If this much is happening on the surface and they're disclosing this, what's really happening behind the scenes?  That's the exciting part.

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Gold Is Trading Around $4,000 – So Why Is the U.S. Mint Selling a 1-Oz Coin for $20,000?

Miles Franklin Media:  6-26-2026

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, about the growing speculation surrounding the U.S. Mint’s newly released 1-ounce gold coin priced near $20,000 – while gold trades around $4,000 an ounce.

Schectman weighs in on whether the unusual pricing, along with a surge in December $20,000 gold call options, could be signaling something much bigger ahead for gold, the U.S. Treasury market, and America’s 250th anniversary.

He also discusses gold revaluation, the possibility of gold-linked Treasuries, why central banks are bringing gold home, and how the global gold infrastructure is shifting away from London and New York.

Schectman also breaks down the risks of central bank digital currencies, stablecoins, the GENIUS Act, and why he believes gold is becoming increasingly vital as a neutral reserve asset in a changing monetary system.

In this episode of The Real Story with Michelle Makori:

Why the U.S. Mint’s $20,000 1-ounce gold coin is raising questions

What December $20,000 gold call options may be signaling

Gold revaluation, gold-linked Treasuries, and July 4th speculation

Why central banks are buying and repatriating gold

CBDCs, stablecoins, and the future of programmable money

Alan Greenspan’s legacy, the Fed Put, and gold’s role in monetary history

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

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

Parliamentary Finance Committee: There Is No Longer Enough Time To Finalize This Year's Budget, And The Government Is Moving Towards Preparing The 2027 Budget.

Shafaq News – Baghdad   On Thursday, Hussein al-Daraji, a member of the parliamentary finance committee, ruled out the possibility of the Iraqi government being able to finalize the budget for the current year due to the delay in its formation, noting that the current trend is towards preparing next year's budget.

Al-Daraji told Shafaq News Agency that the remaining time in the second half of this year is insufficient for the government to prepare the 2026 budget for approval by the House of Representatives, indicating that the government will work on preparing a draft budget law for 2027, expecting the draft to reach Parliament in October or November of next year.

He added that there is a government trend to make fundamental changes to the 2027 budget law, which will be completely different from previous budgets in terms of the methods of preparation, schedules, and determination of necessary expenditures.

The decision to move directly towards the 2027 budget comes in light of the accounting absurdity in approving the 2026 budget, the second half of which is about to end, as the state currently relies on the temporary disbursement mechanism at a rate of (1/12) based on the continuing financial management law from the previous three-year budget to finance employee salaries and governing operational expenses.

According to the Finance Committee, the joint approach between Parliament and the government of Prime Minister Ali al-Zidi has settled on focusing technical efforts to draft the 2027 budget with a completely new economic philosophy and expenditure schedules, with the draft to be sent to the House of Representatives at the end of this year to avoid a deficit and ensure its passage before the start of the new fiscal year.

It is worth noting that the government of former Prime Minister Mohammed Shia Al-Sudani had prepared the outlines of the 2026 draft budget before leaving office, including extensive financial commitments, among them the issue of regularizing contracts and staffing levels. However, the draft was delayed due to the country entering the election and caretaker phase.

This financial vacuum was exacerbated after the current Prime Minister, Ali Faleh al-Zaidi, gained confidence on May 14 with a deficient cabinet (14 ministers out of 23), as political disputes and power-sharing caused a delay in completing the vacant portfolios (such as Interior, Defense and Planning) until next July, which paralyzed the executive branch’s ability to present a comprehensive budget law throughout the first half of this year.

https://www.shafaq.com/ar/سیاسة/المالية-النيابية-الوقت-لم-يعد-كافيا-لموازنة-العام-الحالي-والحكومة-تتجه-ل-عداد-موازنة-2027

Economist: There Is No Intention To Change The Exchange Rate, And What Is Being Circulated Is Just Rumors.

 Baghdad Today – Baghdad   Economic expert Manar Al-Obaidi confirmed on Wednesday (June 24, 2026) that there is no intention to change the dollar exchange rate in the country, while indicating that what is being circulated on social media is just rumors.

Al-Ubaidi said in a post on social media, which was followed by “Baghdad Today”, that “during the past few days I received dozens of calls and messages about my opinion on the rumors of changing the exchange rate, and I would like to point out that all that is being circulated about an imminent intention to change the exchange rate is baseless rumors”, noting that “any change will lead to a number of problems that have been explained previously that outweigh the advantages of the change, so there is currently no intention to reduce or amend the exchange rate.”

He added that "what is necessary in the next stage is a package of reforms related to the structure of operational expenses, working to increase non-oil revenues, and regulating the process of importing non-essential goods."

The issue of the dollar exchange rate in Iraq is a recurring point of contention with every economic or financial challenge facing the country, as expectations and rumors about the possibility of adjusting the exchange rate or reducing the value of the Iraqi dinar escalate from time to time.

Iraq last made an official adjustment to its exchange rate in 2023 when it adopted an official rate of 1,300 dinars to the dollar, as part of measures aimed at achieving monetary stability and reducing the gap between the official rate and the market rate.

https://baghdadtoday.news/302042-.html

Reforming The Iraqi Currency: A National Demand Presented To The New Government

16/12/2025   Today, on behalf of a broad segment of our people, we present a clear national demand to the new government and the elected Council of Representatives The issuance of a law to remove three zeros from the Iraqi currency, as a fundamental step to restore confidence in the dinar, improve purchasing power, and facilitate daily transactions.

Monetary reform requires issuing a new 100-dinar banknote to serve as a symbol of economic stability and the strength of the state, alongside reprinting smaller denominations that citizens regularly use: 1, 5, 10, 25, and 50 dinars.

We also call for careful pricing and measures to prevent inflation in small goods. It is necessary to reintroduce smaller units, the fils, into circulation as in the 1970s, with denominations of 1, 5, 10, 50, and 100 fils.

Currency reform is incomplete without attention to the aesthetic design of the notes. We urge the involvement of Iraq’s leading artists in designing the new issues to embody the civilizations of Babylon, Assyria, and Sumer, reflecting the country’s strength, fertility, and rich history.

Restoring the stature of the Iraqi currency is not merely a financial step; it is a national demand that expresses the Iraqi people’s desire for a strong state, a stable economy, and a currency worthy of Iraq’s history, present, and future. We will continue to present this proposal clearly and responsibly… Iraq deserves a currency that matches its name, prosperity, and civilization. **Dr. Ali Al-Saadi** Lecturer, College of Law, Almustaqbal University https://uomus.edu.iq/CollegeEn/Details/99723

Iraq Customs Mandates ASYCUDA Electronic Invoice Verification By July 10

Iraq  Jawad Al-Samarraie    June 24, 2026   Baghdad (IraqiNews.com) – The Iraqi General Customs Authority announced a major step toward total digital automation on Wednesday, June 24, 2026. The authority has officially activated an electronic inquiry feature for Certificates of Origin and commercial invoices issued by the Federation of Iraqi Chambers of Commerce.

This update integrates directly with the global ASYCUDA (Automated System for Customs Data) network to systematically cross-verify and authenticate trade documentation, removing paper-based delays and tightening regulatory oversight against financial fraud.

 The General Customs Authority emphasized that this phase represents a final call for importers to digitize their legal pipelines. The rollout follows a strict two-stage schedule:

• The Pilot Phase (Current): The electronic verification feature is actively operating under a live trial system. Customs clearing agents and merchants can input document numbers into designated fields within ASYCUDA to check functionality.

• The Mandatory Mandate (July 10, 2026): Starting July 10, 2026, the system becomes completely mandatory. The authority explicitly stated that no physical Certificates of Origin or commercial invoices will be accepted or processed at any Iraqi border point unless they are digitally verifiable through the automated link.

To ensure an uninterrupted flow of goods and avoid severe bottlenecks at border entries, the authority urged all merchants, international importers, and customs clearing agents to complete the following timeline:

Required Transition Steps

1. Register with the Federation:
   Submit all valid commercial invoices and manufacturing documentation to the Federation of Iraqi Chambers of Commerce for official archiving.

2. Verify Electronic Issuance:
   Ensure that the Federation generates an official, trackable digital serial number for both the Certificate of Origin and the commercial invoice.

3. Input ASYCUDA Fields:
   Instruct your clearing agent to manually input the specific document serial numbers into the newly designated tracking modules within the ASYCUDA interface.

4. Complete Automated Auditing:
   Allow the system to run its automated authenticity check. Once matched with the Federation’s databases, the shipment will bypass traditional manual verification delays.

System Warning: Non-registered documents presented after July 10, 2026, will be automatically flagged by the ASYCUDA system, resulting in immediate suspension of customs declarations and potential administrative fines.

https://www.iraqinews.com/iraq/iraq-customs-mandates-asycuda-electronic-invoice-verification-by-july-10/

Israel-Lebanon Negotiations Extended By One Day

2026-06-26   Shafaq News- Washington/ Beirut   US-mediated negotiations between Israel and Lebanon, originally scheduled to conclude on June 25, will continue for an additional day, the US State Department stated on Friday.

Lebanon's An-Nahar newspaper reported that discussions have become increasingly complicated by unresolved disputes and Iran's role in the security arrangements linked to the ceasefire. Israeli negotiators have refused to discuss a timetable for leaving southern Lebanon and continue to tie any redeployment to Hezbollah's complete disarmament.

Read more: US-Iran ceasefire deal leaves Lebanon without guarantees

The newspaper also said that Israel rejected more than 10 proposals submitted by the Lebanese delegation and US mediators for pilot security zones, insisting that the Lebanese Army operate only outside the Israeli-controlled area on both sides of the Litani River.

Speaking during Ashura* commemorations, Hezbollah Secretary-General Naim Qassem reiterated that Israel has “no option” but to withdraw completely from Lebanese territory, rejecting any arrangement that undermines Lebanon's sovereignty, and insisting the group remains committed to the Nov. 27, 2024 ceasefire framework, under which security measures apply only south of the Litani River.

The extension comes as the Israeli army announced that a combat officer was moderately wounded, while another officer and two soldiers sustained minor injuries during an exchange of fire with a Hezbollah fighter in the southern Lebanese village of Beit Yahun.

According to Israeli Army Radio, troops from the 679th Brigade were operating in the village when a Hezbollah member inside a building threw a hand grenade at the force. The soldiers returned fire, killing the attacker before evacuating the wounded to hospital.

Hezbollah has not commented on the incident.

* Ashura, observed on the tenth day of the Islamic month of Muharram, marks the killing of Imam Hussein bin Ali, the third Shia Imam and grandson of the Prophet Muhammad, at the Battle of Karbala in 680 CE. For Shia Muslims, the occasion symbolizes sacrifice, dignity, and resistance to injustice.

https://www.shafaq.com/en/Middle-East/Israel-Lebanon-negotiations-extended-by-one-day

Karbala launches extensive security plan for Ashura

2026-06-26 Shafaq News- Karbala   Iraqi authorities and Karbala’s holy shrines have activated extensive security, health, and public service plans as millions of pilgrims arrived on Thursday night to mark the eve of Ashura, one of the country’s largest annual Shiite commemorations.

Ashura, observed on the tenth day of Muharram, marks the killing of Imam Hussein bin Ali, the third Shia Imam and grandson of the Prophet Muhammad, at the Battle of Karbala in 680 CE. For Shia Muslims, the occasion symbolizes sacrifice, dignity, and resistance to injustice.

Black banners lined the city's streets as Husseini mawakib, volunteer-run processions providing food, water, rest areas, and mourning services, received visitors arriving from across Iraq and abroad, while many residents opened their homes, continuing a long-standing tradition of hospitality.

Read more: Baghdad neighborhood revives Ashura ritual

Speaking to Shafaq News, Karbala Provincial Council member Israa Al-Nasrawi said preparations had been underway for more than a month, with government agencies deploying medical teams along the main routes from Najaf, Baghdad, and Babil, as well as across the city. She expected attendance to exceed last year’s estimated 12 million visitors.

The Imam Hussein and Al-Abbas Holy Shrines also unveiled coordinated operational plans for the Tuwairij Run, one of Ashura's largest mourning rituals, deploying 10,000 personnel, including 2,000 staff members and 8,000 volunteers, expanding surveillance with more than 4,400 cameras, organizing 831 mourning and service processions, and preparing three designated routes to manage crowd movement.

The arrangements also include covering the central courtyard between the two shrines with 10,000 square meters of red carpeting, distributing around 50,000 meals daily, and installing hundreds of misting fans to help visitors cope with the summer heat.

Read more: Millions gather for Ashura ahead of Karbala's peak pilgrimage

Media coverage has also expanded. Hussein Al-Shammari, head of the Iraqi Journalists Syndicate's Karbala branch, told Shafaq News that 419 accreditations had been issued to journalists representing 23 television channels, 20 news agencies, and 30 foreign correspondents.

Authorities further mobilized 120 firefighting and rescue teams, 1,350 civil defense personnel, 100 ambulances, 13 hospitals and emergency medical centers, more than 3,200 sanitation workers, 419 specialized vehicles, over 300 sewage trucks, 57 pumping stations, and nine wastewater treatment projects to support the commemoration.

Read more: Muharram in Iraq: New year becomes a season of mourning

https://www.shafaq.com/en/society/Karbala-launches-extensive-security-plan-for-Ashura

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

Good Morning Dinar Recaps,

Could the Hormuz Oil Shock Change the Future of Global Energy?

The reopening of the Strait of Hormuz has restored global energy flows, but the crisis may permanently reshape energy security, investment priorities, and the transition toward diversified power sources.

Overview

• The reopening of the Strait of Hormuz ended more than 100 days of disruption, but exposed the vulnerability of one of the world's most important energy chokepoints.

• Governments are reassessing long-term energy security by expanding strategic reserves, renewable energy, nuclear power, and domestic production.

• Analysts compare the event to the 1973 oil embargo, suggesting it could become another historic turning point in global energy policy.

Key Developments

1. Hormuz Reopens After Extended Disruption

After more than three months of interruptions, oil and liquefied natural gas shipments have resumed through the Strait of Hormuz, restoring a key artery for nearly 20% of global petroleum trade.

Although markets avoided severe shortages through emergency measures such as rerouted cargoes, strategic petroleum reserve releases, and reduced demand, analysts warn those measures were temporary solutions rather than permanent fixes.

2. Governments Shift Focus Toward Energy Security

The crisis reinforced that energy security is becoming just as important as affordability.

Countries heavily dependent on imported fuel—including India, Japan, Pakistan, and South Korea—are reviewing long-term strategies to reduce exposure to geopolitical disruptions through:

• Expanded strategic petroleum reserves

• Greater renewable energy investment

• Nuclear power development

• Alternative fuel technologies

• Domestic energy production

3. Europe Accelerates Its Energy Transition

Having already reduced dependence on Russian energy following the Ukraine conflict, Europe is expected to accelerate investment in renewable energy, electricity grids, storage capacity, and efficiency improvements.

Rather than increasing reliance on imported fossil fuels, policymakers are increasingly emphasizing diversification and resilience.

Why It Matters

The Hormuz crisis demonstrated that today's global energy system is more resilient than in previous decades, but it also revealed that a single geopolitical chokepoint can still threaten worldwide supply chains.

Governments are increasingly viewing renewable energy, nuclear power, strategic reserves, and diversified supply networks as national security priorities rather than solely environmental or economic policies.

Why It Matters to Foreign Currency Holders

Energy remains one of the Five Pillars of the Global Financial Reset.

As nations diversify energy sources and reduce dependence on vulnerable supply routes, capital investment, commodity pricing, inflation, sovereign debt, and global trade relationships may continue shifting. These structural changes could influence currency valuations, reserve management, and cross-border investment strategies over the coming decade.

Implications for the Global Reset

• Pillar 1 – Energy

The Hormuz disruption highlighted the growing importance of energy diversification, resilient infrastructure, and domestic production, accelerating long-term changes in global energy markets.

• Pillar 2 – Trade

Countries are expected to reduce dependence on single maritime chokepoints by diversifying suppliers, strengthening regional partnerships, and redesigning critical supply chains, reshaping international trade patterns.

Analysis

Unlike the 1973 Arab oil embargo, which primarily encouraged greater fossil fuel production alongside conservation efforts, today's crisis occurred when renewable energy, battery storage, and electric transportation have become economically competitive alternatives.

Rather than simply expanding oil production, governments are increasingly directing investment toward energy diversification, recognizing that reducing dependence on imported hydrocarbons provides greater long-term resilience.

The crisis also exposed the imbalance between energy production concentrated in politically sensitive regions and rapidly growing demand across Asia. As a result, many governments are likely to pursue a balanced strategy that combines traditional energy supplies with expanding renewable generation, nuclear power, battery storage, and modern electricity infrastructure.

Perhaps the most significant lesson is that energy security has become a central national security issue. While oil and natural gas will remain essential for decades, the Hormuz crisis may be remembered as the event that accelerated the world's transition toward a more diversified global energy system.

This is not just about oil—it reflects the accelerating global shift toward energy security, diversified supply chains, and the restructuring of the world's economic foundations.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters – International Energy Agency outlook and global energy investment coverage

🌱 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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Iraq Economic News and Points To Ponder Thursday Evening 6-25-26

French Public Debt Hits A New Record High, Exceeding 3.5 Trillion Euros

Arabic and international   French public debt reached a new record high in the first quarter of 2026, exceeding the 3.5 trillion euro mark for the first time.

 According to a report by the National Institute of Statistics and Economic Studies in France, public debt at the end of the first quarter of 2026 amounted to approximately 3,536.1 billion euros.

The institute noted that exceeding the €3.5 trillion mark is a first in the country's history. The debt-to-GDP ratio also reached 117.5%, slightly below the peak of 117.8% recorded in 2021.

This figure places France third among EU countries in terms of debt size, after Greece and Italy.

Former French Prime Minister Francois Bayrou stated in August 2025 that the public debt was increasing at a rate of five thousand euros every second, while the then acting Interior Minister Bruno Retailleau confirmed that the country had never before been so close to the risk of financial collapse. https://www.economy-news.net/content.php?id=70703 

The Prime Minister Arrives In Karbala And Follows Up On The Implementation Of The Procedures Related To The Ashura Pilgrimage Ceremonies.

Localities   Prime Minister Ali Faleh al-Zaidi arrived in the holy city of Karbala on Thursday. While monitoring the implementation of procedures for the Ashura commemorations, he directed the organization of processions and the provision of transportation to ensure the smooth return of pilgrims.

The Prime Minister's Media Office stated in a press release that "Prime Minister and Commander-in-Chief of the Armed Forces, Ali Faleh al-Zaidi, arrived in the holy city of Karbala today, Thursday, as part of his on-site monitoring of the implementation of service and security plans for the Ashura commemorations, in the presence of a number of officials and military and security leaders." The statement

added that "the Prime Minister chaired a meeting during which he received a detailed briefing on the security and service plan for the pilgrimage. He emphasized that the pilgrimage to Imam Hussein (peace be upon him) is no longer a local event but has become a global one, for Hussein (peace be upon him) belongs to all of humanity. His revolution embodied the principles of truth in confronting falsehood, rejecting injustice, and fighting corruption."

According to the statement, Al-Zaydi stressed the importance of projecting a positive image to the millions of pilgrims arriving from outside Iraq, from the moment they arrive until their departure, by providing the best possible services, attention, and care.

In this context, Al-Zaydi directed the organization of the processions, emphasizing the need to consider service and security aspects, as well as the smooth flow of traffic, particularly during the Ashura procession.

The Prime Minister also directed the provision of transportation to ensure the smooth return of pilgrims after the completion of the pilgrimage rituals without delay, noting the importance of coordination between relevant authorities and volunteers who will play an active role during the pilgrimage.

During his visit, the Prime Minister toured several processions and met with pilgrims, expressing his praise and appreciation for the significant efforts made by the procession organizers in serving the pilgrims.https://www.economy-news.net/content.php?id=70707

The European Union Extends Economic Sanctions Against Russia Until 2027

Arabic and international    The European Union Council announced on Thursday that it is extending economic sanctions against Russia for an additional year, until July 31, 2027, due to the war in Ukraine.

The council said in a statement that the decision comes in response to what it described as Russia’s continued destabilization of Ukraine, noting that the sanctions include the trade, finance, energy and dual-use technology sectors, as well as Russian oil and a number of Russian banks and media outlets.

The European Union confirmed its readiness to take further action against Moscow, while EU leaders agreed during their summit in Brussels to extend sanctions for a full year, while calling for the acceleration of the adoption of a new package of restrictive measures against Russia.https://www.economy-news.net/content.php?id=70706

France, Italy Agree On Post-Unifil Coalition For Lebanon

2026-06-25 Shafaq News- Paris   Italy and France agreed to form a coalition to support Lebanon after the mandate of the United Nations Interim Force in Lebanon (UNIFIL) expires at the end of this year, Italian Prime Minister Giorgia Meloni announced on Thursday.

Speaking at a joint press conference with French President Emmanuel Macron, Meloni said that the two leaders discussed the possibility of holding an international conference dedicated to supporting Lebanon during the post-UNIFIL phase. She noted that Italy and France "can certainly make a difference," adding that an international presence is needed to prevent "a highly dangerous security vacuum."

Macron said Paris and Rome want to launch the coalition in coordination with the European Union and the United Nations, “to strengthen Lebanon's sovereignty and armed forces and prevent the country's territory from becoming a base for regional escalation.”

https://x.com/GiorgiaMeloni/status/2070184315757953365?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2070184315757953365%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fshafaq.com%2Fen%2FWorld%2FFrance-Italy-agree-on-post-UNIFIL-coalition-for-Lebanon

UNIFIL was first deployed in 1978 after Israel’s advance into southern Lebanon, and its mandate expanded in 2006 following the July Israel–Hezbollah war. The peacekeeping mission includes troops from more than 40 countries and conducts patrols along the Blue Line, a 120-kilometer boundary set by the UN in 2000 following Israel's withdrawal from Lebanon.

https://www.shafaq.com/en/World/France-Italy-agree-on-post-UNIFIL-coalition-for-Lebanon

Iraq Denies Plans To Leave OPEC, Urges Higher Oil Production Quota

In a statement on Thursday, Iraq's Oil Ministry said Baghdad had urged OPEC to reassess production baselines and increase Iraq's quota, citing the damage inflicted on its oil sector by decades of conflict and the recent Middle East war.

ERBIL (Kurdistan24) – Iraq has reaffirmed its commitment to the Organization of the Petroleum Exporting Countries (OPEC), dismissing reports that it is considering withdrawing from the oil-producing alliance, while calling for an increase in its production quota to reflect the country's economic and security challenges.

In a statement on Thursday, Iraq's Oil Ministry said Baghdad had urged OPEC to reassess production baselines and increase Iraq's quota, citing the damage inflicted on its oil sector by decades of conflict and the recent Middle East war.

The ministry stressed that production baselines should be reviewed to ensure they accurately reflect the sustainable production capacities of member states and take into account "Iraq's unique security and economic circumstances."

Addressing speculation about a possible Iraqi exit from OPEC, Oil Ministry spokesperson Salim al-Rikabi told AFP that Iraq "has no intention of withdrawing from the organization and remains committed to its mechanisms."

However, Rikabi emphasized that Iraq expects a fair adjustment to its production allocation.

"OPEC has to raise Iraq's production quota. Otherwise, a decision will have to be made about whether to stay or leave the organization," he said, while reiterating that Baghdad remains engaged within the group's framework.

The ministry also rejected reports suggesting that Iraq was preparing to leave OPEC, stating that such claims "do not reflect" the government's official position.

According to the ministry, OPEC has already begun reassessing the production capacities of its member states. Iraqi officials expressed confidence that fellow members understand the country's circumstances following decades of wars, economic sanctions, and recent attacks on oil infrastructure during the regional conflict.

The ministry added that these factors would be taken into consideration to ensure Iraqi oil production reaches a "fair level."

Iraq, a founding member of OPEC, relies heavily on crude exports, which account for approximately 90 percent of government revenues. The country's oil industry was significantly affected by the recent Middle East war and Iran's temporary blockade of the Strait of Hormuz, which disrupted exports and forced production adjustments across the region.

During the conflict, several Iraqi oil fields were targeted by drone attacks.

Before the outbreak of the war, Iraq produced around four million barrels of oil per day and exported an average of 3.5 million barrels daily, most of it through the Strait of Hormuz.

An Iraqi withdrawal from OPEC would represent a major setback for the organization, particularly after the departure of the United Arab Emirates earlier this year, which cited national economic interests and long-term diversification plans as reasons for leaving the organization.

https://www.kurdistan24.net/en/story/922075/iraq-denies-plans-to-leave-opec-urges-higher-oil-production-quota 

Iraq Says No Obstacles Remain To Kurdistan Region Oil Exports

Iraq's Oil Ministry says no barriers remain to the production and export of oil from the Kurdistan Region

ERBIL (Kurdistan24) - Iraq's Oil Ministry has reiterated that no obstacles remain to the production and export of oil from the Kurdistan Region, as major international operators continue returning to work after completing repairs at fields damaged during recent attacks.

Speaking to Kurdistan24 on Thursday, Salim Rokabi, spokesperson for Iraq's Oil Ministry, said there were no remaining issues preventing the production or export of Kurdistan Region oil.

"We are only waiting for all oil companies to return to work at the oil fields and resume their operations once again," Rokabi said.

Companies return in phases

The remarks come as the Kurdistan Regional Government (KRG) announced that international oil companies have begun gradually restoring production following the completion of rehabilitation work at affected facilities.

KRG spokesperson Peshawa Hawramani said operators are returning according to a phased timetable after repairs were completed at fields that sustained damage during recent attacks.

According to Hawramani, HKN has already resumed production at a rate of 7,000 barrels per day and is scheduled to restart operations at the Atrush oil field on Sunday, June 28.

He also confirmed that Gulf Keystone has resumed production at the Shaikan field, while DNO is expected to restart operations on Friday at the Tawke and Peshkabir fields.

Meanwhile, Hunt Oil is scheduled to return to operations on July 8.

Hawramani said the delayed return of some companies was linked to the extensive damage inflicted on oil infrastructure during the attacks.

He explained that affected operators required additional time and technical preparations to rehabilitate facilities and restore them to normal operating conditions before production could resume.

The KRG spokesperson noted that companies are returning to work in stages as repair and maintenance efforts are completed across the region's oil sector.

The announcements from both Baghdad and Erbil signal continued progress toward restoring activity in the Kurdistan Region's energy sector after months of disruption.

While production is resuming gradually, Iraqi officials say all necessary conditions are now in place for exports to proceed once companies fully return to their fields and operations reach normal levels.

The latest developments provide the clearest indication yet that oil production across the Kurdistan Region is moving toward recovery, with major international operators steadily returning to service following the completion of repair work.

https://www.kurdistan24.net/en/story/922033/iraq-says-no-obstacles-remain-to-kurdistan-region-oil-exports

Judiciary Orders Legal Action Against Polluters In Iraq

2026-06-25 Shafaq News- Najaf   Iraq's Supreme Judicial Council instructed courts to pursue legal action against any entity responsible for environmental pollution, including government institutions, to strengthen enforcement of environmental protection laws.

Jamal Abdul Zaid Shalaka, director of Najaf's Environment Directorate, told Shafaq News on Thursday that the directive, which followed a June 23 request from the Ministry of Environment for stricter enforcement, requires competent courts to apply Article 32 of the Protection and Improvement of Environment Law No. 27 of 2009 equally to public and private entities by prosecuting those responsible for environmental violations. It also obliges violators to eliminate sources of pollution, restore damaged areas, and compensate those affected in accordance with Iraqi law.

Earlier this month, a specialized environmental team identified 54 pollution hotspots and environmental violations affecting water quality along the Euphrates River from the Iraq-Syria border to Haditha Lake.

Environmental expert Samim Salam Abu Furat told Shafaq News that the four-day survey documented untreated sewage discharges, illegal sand quarries, poultry waste and animal carcasses dumped into the river, unlicensed fish ponds, construction debris obstructing water flow, and encroachments along the riverbanks.

Read more: The cost of filth: Iraq among the world’s most polluted nations

https://www.shafaq.com/en/society/Judiciary-orders-legal-action-against-polluters-in-Iraq

Erbil Marks Ashura With 400kg Community Meal

2026-06-25 Shafaq News- Erbil   An Ashura mawkib* in Erbil turned 400 kilograms of meat into free meals on Thursday evening, feeding mourners and visitors in a city where the annual commemoration is marked through food, service, and collective memory.

Ashura, observed on the 10th day of Muharram, the first month of the Islamic calendar, marks the killing of Imam Hussein bin Ali, the third Shia Imam, at the Battle of Karbala in 680 CE. For Shia Muslims, the day carries themes of sacrifice, dignity, and standing for truth against power.

Um Mustafa, who runs the mawkib, told Shafaq News that she organizes the initiative every year in Erbil. Volunteers cook rice and qeema, a meat-based Iraqi dish commonly served at religious gatherings, before distributing the meals free of charge to mourners and passersby.

The initiative is meant to “preserve Ashura rituals” and serve those taking part in the commemoration.

While Iraq’s largest Ashura gatherings take place in Karbala and Najaf, the rituals are also observed annually in the Kurdistan Region, including in Erbil, where black banners, mourning gatherings, and food distribution mark the day.

* A mawkib is a volunteer service station that provides food and support during religious commemorations.

https://www.shafaq.com/en/Kurdistan/Erbil-marks-Ashura-with-400kg-community-meal

Seeds of Wisdom RV and Economics Updates Thursday Evening 6-25-26

Good Evening Dinar Recaps,

India and Venezuela Strengthen Energy Alliance as Global Oil Supply Chains Shift

India and Venezuela are expanding their energy partnership as both nations seek greater supply security and long-term cooperation amid ongoing geopolitical uncertainty in global energy markets.

 Overview

• India is increasing engagement with Venezuela to diversify crude oil supplies and strengthen long-term energy security.

• Venezuela is seeking new investment to rebuild its oil industry and expand production following years of sanctions and declining output.

• The growing partnership highlights the rise of South-South cooperation as emerging economies reshape global energy trade.

Key Developments

1. India Expands Energy Cooperation with Venezuela

India's Petroleum and Natural Gas Minister Hardeep Singh Puri met with Venezuelan Interim President Delcy Rodríguez in New Delhi to discuss expanding cooperation across the oil and gas sector. Indian companies expressed interest in increasing investments in Venezuelan exploration, production, refining, and energy infrastructure projects.

2. Venezuelan Oil Returns to India

Following the easing of certain U.S. sanctions earlier this year, Indian refiners have resumed importing Venezuelan crude. Venezuela has quickly re-emerged as one of India's important oil suppliers, supporting New Delhi's strategy of reducing dependence on any single energy source.

3. Long-Term Investment Replaces Short-Term Buying

Rather than relying solely on spot market purchases, both governments are exploring long-term supply agreements, joint ventures, and direct investment opportunities designed to provide greater stability for both producers and consumers.

Why It Matters

The renewed partnership reflects changing global energy dynamics as countries seek to diversify supply chains following geopolitical disruptions in the Middle East and elsewhere. India, now one of the world's largest energy consumers, is prioritizing reliable oil supplies to support continued economic growth, while Venezuela hopes foreign investment will help restore production capacity and modernize its energy infrastructure.

The agreement also illustrates the growing importance of South-South economic cooperation, where emerging economies increasingly pursue strategic partnerships outside traditional Western-led energy networks.

Why It Matters to Foreign Currency Holders

Energy remains one of the most important drivers of global inflation, trade balances, and monetary policy. Expanded oil production and diversified supply agreements could help stabilize energy prices, easing inflationary pressures that influence central bank decisions and global currency markets.

For those following the Global Financial Reset, the continued realignment of international energy partnerships reflects the broader movement toward a more multipolar global economic system, where emerging nations play a larger role in shaping trade and financial flows.

Implications for the Global Reset

• Pillar 1: Debt

More stable energy prices could help reduce inflationary pressures and ease government borrowing costs worldwide.

• Pillar 2: Trade

India's growing relationship with Venezuela reflects the continued diversification of global trade routes and supply chains beyond traditional Western markets.

• Pillar 3: Assets

Investment into Venezuela's energy sector could increase the value of strategic natural resources while strengthening commodity-backed economic activity.

• Pillar 4: Technology

Expanded investment may accelerate modernization of Venezuela's energy infrastructure, refining capacity, and production technologies.

• Pillar 5: Energy

The partnership reinforces the global shift toward diversified energy sourcing as nations seek greater resilience against geopolitical disruptions.

Looking Ahead

Future discussions are expected to move beyond crude oil purchases toward broader investment agreements and joint development projects. While U.S. sanctions policy remains an important variable, continued cooperation between India and Venezuela could strengthen energy security for both nations and further reshape global energy trade patterns.

This is not just about oil—it reflects the accelerating shift toward a more multipolar global energy system where emerging economies are forging new alliances that could reshape trade, investment, and the future financial landscape.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy: ‘India and Venezuela Seek Deeper Energy Ties Amid Global Supply Uncertainty’ 

• Reuters: Venezuela seeks expand energy cooperation with India 2026-06-25

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A $100 Trillion Currency Crisis Just Started (You won’t believe this!)

A $100 Trillion Currency Crisis Just Started (You won’t believe this!)

George Gammon:  6-25-2026

Recent discussions about a “dollar reset” might conjure images of a weakening U.S. dollar, losing its footing as the world’s premier safety asset and global reserve currency. However, the reality unfolding in global markets presents a more nuanced, and in some ways, counter-intuitive picture.

Far from collapsing, the U.S. dollar is currently exhibiting remarkable strength, appreciating sharply against many other major currencies. This dynamic is not a sign of stability, but rather a symptom of profound global economic shifts, geopolitical tensions, and divergent monetary policies that are creating a unique set of challenges for economies worldwide.

This powerful dollar appreciation is largely driven by a confluence of factors, including escalating geopolitical conflicts and significant economic policy shifts, particularly from the U.S. Federal Reserve.

We’re seeing rising oil prices, which inherently boost dollar demand since crude oil is predominantly priced in dollars. Moreover, substantial interest rate differentials, with the Federal Reserve maintaining higher rates compared to other central banks, notably the Bank of Japan, are attracting capital flows into dollar-denominated assets.

This combination creates a potent feedback loop: as other currencies weaken, countries often attempt to subsidize local fuel prices to cushion their economies, inadvertently increasing the supply of their local currency and further strengthening the dollar. This complex interplay, as highlighted in recent analyses, suggests a looming “doom loop” where global trading partners face increasing economic unsustainability, potentially impacting both their own prosperity and the American economy by extension.

Understanding the magnitude of this shift requires a look at indicators like the DXY index, which measures the U.S. dollar against a basket of foreign currencies. A sharp increase in the DXY signals a significantly stronger dollar, an event that carries enormous ramifications globally, extending far beyond domestic inflation concerns in the U.S.

This upward trend points to the deep interconnectedness between global currency markets and the everyday consumer prices and economic stability experienced around the world.

A key driver of this dollar demand stems from the pronounced interest rate differentials. The Federal Reserve’s decisions to raise interest rates have created a significant gap compared to other major economies, particularly against the Bank of Japan’s ultralow rates.

This yield advantage materially boosts demand for the dollar, as investors seek higher returns. This isn’t solely about current rates but also market expectations regarding the persistence of this gap, which profoundly influences global capital flows and exchange rates.

The often-underrated impact of the petro-dollar system also plays a crucial role. The global oil market relies heavily on the U.S. dollar for pricing and transactions, essentially forcing countries to acquire dollars for essential energy imports. This mechanism ensures an entrenched global demand for the dollar, even as other currencies struggle. It vividly illustrates why the “petro-dollar” remains a critical, foundational component of international economics and the U.S. dollar’s reserve currency status, defying many predictions of its decline.

Japan serves as a compelling case study for this “currency doom loop.” The nation’s attempts to subsidize gasoline prices, while aimed at shielding consumers, appear to be a central factor exacerbating the yen’s weakness. By providing yen to wholesalers who then exchange it for dollars to purchase oil, this governmental action not only depreciates the yen but also effectively increases oil prices when denominated in yen.

This generates a negative feedback cycle with increasingly adverse economic impacts. Despite interventions by Japan’s Ministry of Finance and central bank, including interest rate increases and the strategic use of FX reserves, the yen has struggled to stabilize against the dollar. This situation highlights a potential loss of monetary policy control, foreshadowing a possible currency strain that could ripple through other foreign exchange reserves globally.

The implications of these dynamics are far-reaching, particularly concerning global economic interdependence. The U.S. economy relies heavily on robust trading partners who provide goods and services in exchange for dollars. If the stronger dollar dynamics continue to weaken these partners economically, it could reduce the flow of goods, services, and ultimately, dollars back to the U.S. This scenario could lead to a severe economic downturn, echoing historical collapses caused by the disruption or loss of vital trade networks.

A historical parallel often cited is the collapse of Egypt around 1200 BC, attributed in part to the destruction of its trading partners by the “Sea Peoples.” This serves as a potent warning about the fragility of empires that depend on open and stable trade. While the U.S. dollar’s dominance is currently unmistakable, its very strength could inadvertently destabilize its global economic collaborators, potentially undermining its own long-term economic base.

This historical cautionary tale underscores the need for strategic interventions and a deeper understanding of these interconnected global financial forces.

For individuals, understanding these seismic economic shifts is paramount. As the global economic landscape continues to evolve, being informed about these underlying currency dynamics and their potential ramifications can be crucial for protecting personal assets and potentially identifying opportunities arising from these significant changes.

https://www.youtube.com/watch?v=kGK6CyiNj3g

Proof Iraq Is Preparing For The Dinar Revaluation

Proof Iraq Is Preparing For The Dinar Revaluation

The Dinar Den:  6-24-2026

The landscape of Middle Eastern finance is currently witnessing a significant transformation, particularly within Iraq. For those following the trajectory of the Iraqi dinar, recent developments suggest a strategic move toward institutional stability and transparency.

Stephen, a seasoned observer of the Iraqi economy and contributor to The Dinar Den, recently shared an analytical update regarding the nation’s aggressive pursuit of monetary reform.

While the prospect of a currency revaluation (RV) is a topic of high interest, it is essential to approach these updates with analytical rigor and a focus on economic fundamentals. Here is an overview of the pivotal changes currently shaping Iraq’s financial future.

One of the most significant hurdles to any currency’s stability is the presence of a “parallel” or black market. Recently, the Iraqi government took a decisive step by detaining 77 individuals involved in currency manipulation.

This enforcement action is more than just a legal headline; it is a foundational requirement for monetary policy success.

When black market volatility goes unchecked, it distorts the true value of the currency and creates an unpredictable environment for both citizens and investors. By suppressing these illicit networks, the Central Bank of Iraq (CBI) aims to align the market rate more closely with the official rate. This alignment is a critical prerequisite for any meaningful currency reform or future revaluation, as it ensures that the market can support a new valuation without being undermined by speculation.

Economic progress is often hindered by the drainage of national resources through illicit channels. Stephen points to a major milestone in Iraq’s anti-corruption campaign: the seizure of over 98 billion Iraqi dinars (approximately $98 million USD) from corrupt officials.

This move signals a shift in the political will of the Iraqi government. For international observers and potential investors, this level of accountability is a green flag. It demonstrates a commitment to “cleaning house,” which is essential for restoring public trust and ensuring that the nation’s wealth is utilized for infrastructure and economic development rather than disappearing into private pockets.

Perhaps the most technical—yet most transformative—aspect of Iraq’s reform is the move toward a digital economy. The transition from a cash-heavy society to a digital banking system is a game-changer for several reasons:

Anti-Money Laundering (AML) Compliance: Digital systems allow for the traceability of funds, making it significantly harder for “bad actors” to move illicit money.

Increased Transparency: Digitalization reduces the avenues for fraud and ensures that transactions are recorded within the formal banking sector.

Modernizing Banking Standards: By adopting international banking protocols and “cashless” payment methods, Iraq is positioning itself to reintegrate into the global financial community.

Stephen highlights that these reforms, led by the current Central Bank governor, are not happening in isolation. They are part of a coordinated effort to modernize the nation’s financial “plumbing” before any major shifts in currency value occur.

Global financial markets and rating agencies look for stability and the rule of law. The recent enforcement actions against speculators and corrupt officials serve as a signal to foreign capital. When a country demonstrates that it can regulate its own markets and protect investors from volatility, it becomes a much more attractive destination for foreign direct investment (FDI).

This influx of foreign capital is a secondary but vital component of currency strength. As Iraq builds its credibility on the international stage, the underlying support for a stronger dinar becomes more robust.

While the momentum is undeniably positive, Stephen emphasizes the importance of realism. The complexities of international finance mean that while the trends are moving in a favorable direction, the timing of such events is never guaranteed.

For those monitoring these developments, the takeaway is clear: Iraq is currently in the midst of a rapid and comprehensive systemic cleanup. From digital banking to legal enforcement, the prerequisites for a stable and potentially revalued currency are being checked off one by one.

https://www.youtube.com/watch?v=BHKH-WQ0zPE

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 6-25-26

Good Afternoon Dinar Recaps,

US-Iran Deal Challenges Netanyahu’s Political Influence as Regional Diplomacy Shifts

Israel’s long-standing influence over U.S. Iran policy is facing new scrutiny as Washington pursues diplomacy with Tehran, creating fresh political challenges for Prime Minister Benjamin Netanyahu.

 Overview

• The emerging U.S.-Iran peace framework has raised questions about Israel’s ability to shape U.S. policy toward Tehran.

• Prime Minister Benjamin Netanyahu now faces growing domestic and diplomatic pressure as Washington prioritizes negotiations over military escalation.

• The outcome of the next phase of U.S.-Iran talks could reshape Middle East alliances, energy security, and regional geopolitical dynamics.

Key Developments

1. Washington Prioritizes Diplomacy

The Trump administration has continued advancing negotiations with Iran, despite concerns expressed by Israeli leaders. U.S. officials are focused on pursuing a broader diplomatic settlement that addresses regional stability, maritime security, and Iran's nuclear program while avoiding a prolonged regional conflict.

2. Netanyahu's Political Position Faces New Pressure

For years, Benjamin Netanyahu built much of his political reputation on maintaining close relationships with U.S. presidents while influencing American policy toward Iran. Analysts now suggest that direct U.S.-Iran negotiations reduce Israel's leverage in Washington and weaken one of Netanyahu's strongest political arguments heading into future elections.

3. Regional Strategy Becomes More Complex

The diplomatic framework includes broader discussions involving Lebanon, Qatar, Gulf nations, and regional security. As more Middle Eastern countries pursue diplomatic engagement alongside security concerns, Israel faces a more complicated regional environment than in previous years.

Why It Matters

The developments represent more than a political challenge for Israel. They may signal a broader shift in how the United States approaches Middle East diplomacy, with negotiations increasingly taking precedence over military pressure. Financial markets continue to monitor these talks closely because any lasting agreement could influence oil prices, inflation, defense spending, and global investor confidence.

Why It Matters to Foreign Currency Holders

For those watching a potential Global Financial Reset, Middle East stability remains closely tied to energy markets, inflation, central bank policy, and global trade flows.

A successful agreement that keeps the Strait of Hormuz open could reduce energy-related inflation pressures, while prolonged diplomatic progress may support greater financial stability. Conversely, any breakdown in negotiations could quickly reignite market volatility.

Implications for the Global Reset

• Pillar 1: Debt

Lower energy costs could ease inflation pressures and reduce fiscal strain on governments.

• Pillar 2:  Trade

 Stable shipping lanes through the Strait of Hormuz would support global commerce and international supply chains.

• Pillar 3:  Assets

Reduced geopolitical risk often influences demand for gold, oil, and safe-haven currencies, while improving overall market sentiment.

• Pillar 4: Technology

Greater regional stability supports continued investment in strategic technologies and critical infrastructure.

• Pillar 5:  Energy

The outcome of U.S.-Iran diplomacy will remain one of the most important drivers of global energy security and oil market stability.

Looking Ahead

Negotiations over the coming weeks will determine whether the current framework develops into a broader agreement. Israel will seek security assurances while Washington attempts to balance diplomacy with regional deterrence. The durability of any agreement will depend on implementation, verification measures, and continued cooperation among regional stakeholders.

This is not just about Israel and Iran—it reflects the growing shift toward diplomacy as global powers reshape the geopolitical and economic landscape that underpins energy markets, trade, and international financial stability.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy: https://moderndiplomacy.eu/2026/06/25/us-iran-deal-threatens-netanyahus-political-standing-and-regional-influence/

• Reuters: https://www.reuters.com/world/middle-east/rubio-visits-bahrain-seeking-gulf-backing-iran-deal-2026-06-25/

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Thank you Dinar Recaps

Thursday Iraq News Posted by Tishwash at TNT 6-25-2026

TNT:

Tishwash:  The Central Bank Governor emphasizes to the US Chargé d'Affaires the importance of implementing the banking reform plan

 Central Bank Governor Nizar Nasser Hussein stressed to the US Chargé d'Affaires Joshua Harris on Wednesday the importance of implementing the banking reform plan.

 The media office of the governor of the Central Bank stated in a statement received by the Iraqi News Agency (INA) that “the Governor of the Central Bank of Iraq, Nizar Nasser Hussein, received the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, who congratulated the Governor on assuming the position.” 

He added that "during the meeting, prospects for strengthening the strategic partnership and common issues between the two countries were discussed, and the importance of supporting monetary and economic stability was emphasized, in line with the requirements of political and security stability in Iraq."

According to the statement, Harris affirmed "the United States' keenness to strengthen its relations with Iraq, and to support everything that would consolidate stability and keep the country away from any factors that might contribute to destabilizing its situation."

He praised "the significant reform developments undertaken by the Central Bank of Iraq, and the distinguished and productive relations it has with the US Treasury Department and the Federal Reserve."

For his part, the governor expressed his "appreciation for the relationship between the Central Bank of Iraq and the United States of America," explaining "the importance of implementing the banking reform plan and working to adapt it to achieve the interests of the Iraqi banking sector, in accordance with international standards related to foreign transfer operations, and regulating the sale of dollars according to the best practices required towards the banking sector."

At the conclusion of the meeting, Harris expressed "full readiness to continue supporting the efforts of the Central Bank of Iraq, enabling it to achieve its goals in promoting financial and monetary stability  link

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Tishwash:  Iraq-U.S. Ties to Shift from Military Cooperation to Economic Partnership, PM Says

Al-Zaidi added that Iraq's relationship with the United States is entering a new phase, saying, "The relationship with the United States will shift from a military one to an economic partnership."

Iraqi Prime Minister Ali al-Zaidi said on Wednesday that relations between Iraq and the United States are set to transition from a military-focused partnership to one centered on economic cooperation, while emphasizing his government's commitment to combating corruption and strengthening state authority.

Speaking to IMI, al-Zaidi said that fighting corruption remains his top priority.

"Combating corruption is at the top of my priorities," the prime minister stated.

Al-Zaidi added that Iraq's relationship with the United States is entering a new phase, saying, "The relationship with the United States will shift from a military one to an economic partnership."

He also noted progress in efforts to consolidate state control over weapons, stating that "most factions have already begun handing over their weapons to the state."

Addressing Iraq's energy sector, al-Zaidi said Baghdad wants the Organization of the Petroleum Exporting Countries to increase Iraq's oil production quota in line with the country's production capabilities and population size.

"We want OPEC to increase our oil production in line with Iraq's oil capabilities and population size," he said.

The prime minister further stated that the complete withdrawal of U.S. forces from Iraq would eliminate the rationale for armed resistance groups operating in the country.

"After the withdrawal of all U.S. forces, there will be no justification or need for any resistance in Iraq," al-Zaidi said.

Al-Zaidi is scheduled to visit Washington, D.C. in mid-July for talks with U.S. President Donald Trump at the White House. The visit will mark his first official trip abroad since assuming office in May. link

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Tishwash:  International oil companies resume operations in the Kurdistan Region's oil fields. 

The spokesman for the Kurdistan Regional Government, Peshwa Hawrami, announced on Wednesday (June 24, 2026) that oil companies have begun resuming their production operations in the region's fields according to a specific timetable.

Hawrami explained that the companies “HKN” and “Gulf Keystone” have already started production, while the companies “DNO” and “Hunt Oil” will join them successively in the coming days, after completing the rehabilitation of the oil sites damaged by previous attacks to ensure the continuity of production in a safe manner.

The official spokesperson stated in a statement received by Network 964 that “Regarding the resumption of oil companies’ operations in the Kurdistan Region, HKN has resumed its production at a rate of 7,000 barrels per day, and will resume production in the Atrush field next Sunday. As for the Leshkan field, Gulf Keystone has started production today, while DNO will resume its production in the Tawk and Fishkhabur fields next Friday.”

He added that Hunt Oil would resume its operations on July 8.

He added that “these companies have suffered serious damage as a result of previous attacks targeting oil fields, which necessitated the temporary cessation of work by some of them to rehabilitate and renovate the damaged sites, a measure that was necessary to ensure the safe continuation of production.”  link

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Tishwash:  Iraq is considering withdrawing from OPEC and is moving towards increasing its oil exports independently.

 Government sources revealed on Wednesday that Iraq is considering a proposal to increase its oil exports outside of OPEC regulations to compensate for the shortfall that occurred during the war.

Sources told Shafaq News Agency that "Iraq is studying the repercussions and consequences of exceeding the oil production ceiling set by OPEC due to the oversupply of crude oil and the impact of this on the buying and selling price."

She added, "If OPEC rejects Iraq's proposals to raise the production ceiling, similar to some of its member states, it may resort to withdrawing from OPEC, thus providing it with sufficient space to raise the production and marketing ceiling."

She added that "the proposal to increase production or withdraw from OPEC may be realized after Prime Minister Ali al-Zaidi's visit to Washington in the middle of next month."

Earlier today, Basra Oil Company directed the suspension of pumping and reduction of production at the West Qurna/2 field, due to the continued state of "force majeure ".

A document issued by the company, which was received by Shafaq News Agency, stated that due to the continued state of force majeure in the region and the unavailability of tankers, please stop pumping by (100%) and reduce production to (50) thousand barrels and store it in your tanks, starting from 12 pm yesterday, corresponding to June 23rd .

This comes at a time when Iraqi oil prices recorded a sharp decline during trading on Wednesday, as Basra Heavy crude fell by 4.09% to $45.78 per barrel, while Basra Medium crude fell by 3.91% to $47.88, coinciding with a decline in crude prices in global markets .

Brent crude fell 0.71% to $76.53 a barrel, while US West Texas Intermediate crude fell by the same percentage to $72.69 a barrel, and UAE Murban crude dropped 1.64% to $69.63 .

An official source in the state-owned North Oil Company revealed earlier on Wednesday that the preparation and readiness of the Iraqi-Turkish pipeline extending from Kirkuk to the Turkish port of Ceyhan has been completed, confirming that trial pumping through the pipeline will begin within two weeks in preparation for resuming exports in a stable manner .

Iraq had asked Turkey to extend the Kirkuk-Ceyhan oil pipeline agreement for at least a year, in a move aimed at giving both sides more time to negotiate a new agreement regulating oil exports through this vital route.

Iran had lifted the de facto blockade of the strait last week after agreeing with the United States to extend the ceasefire for 60 days, before the Iranian Revolutionary Guard announced on Saturday that it was closing the waterway again in response to Israeli strikes in Lebanon, while the US military confirmed that commercial ships continued to operate  link

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Tishwash:  Saleh: Iraq needs a comprehensive revolution in economic diversification.

The government believes that increasing the production and export capacities of oil and oil derivatives is a priority at the present stage, which will enhance public revenues and restore to Iraq part of its share in global markets.

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Wednesday that diversifying the country’s sources of financial funding has become “an unavoidable necessity” after the Hormuz shock and the resulting financial conditions in the country, given that Iraq relies almost entirely on revenues from exported crude oil.

Saleh said that the importance of parallel work lies in raising the export capacities of crude oil and oil derivatives in order to restore Iraq’s rightful place in the global market.

In reviewing the current production situation, Saleh explained that Iraq currently produces about 4 million barrels per day, of which 1 million barrels are directed to meet local needs and activities, while the remaining 3 million barrels are exported.

He pointed out that “this figure does not reflect the true weight of the country,” indicating that “Iraq’s supposed share in the international market should not be less than 7 million barrels per day or more.”

He also pointed out that “the successive wars, conflicts and crises that have plagued Iraq since the 1980s have caused its historical oil shares to go to other countries.”

The financial advisor added that “the current stability gives Iraq a favorable and available opportunity today to rearrange its economic papers, by raising production and export capacities, with a focus on expanding the export of high value-added oil derivatives instead of relying entirely on crude oil.”

Saleh concluded his remarks by emphasizing the government’s vision of achieving a “ comprehensive diversification revolution ” covering the oil, industrial and agricultural sectors alike, ensuring the building of a resilient economy capable of withstanding price fluctuations in global markets and achieving sustainable development.  link

News, Rumors and Opinions Thursday 6-25-2026

Reset Intelligence: Iraqi Dinar Brief - June 24, 2026: Three Weeks to Washington

6-24-2026

June 24, 2026. Iraq just put a date on it. Parliament is set to sit on July 5 to seat the last 9 cabinet ministers, and the prime minister flies to Washington in the middle of the month. Every other clock in the region now lines up inside the same 3 weeks.

Ali al-Zaidi has nothing to run for. He has ruled out the next election and ruled out building a party, and he is sprinting to hand Washington a clean, finished government before he boards the plane. The price of that meeting was named out loud months ago: progress against corruption.

So Baghdad is digging. The case against a detained deputy oil minister has swelled past 98 billion dinars and $11 million in cash, some of it pulled 4 metres out of the ground. Two convictions landed in a single week. In the same days, Washington widened sanctions on corrupt networks abroad. One capital scrubs its own books while the other reads out the names.

Here is the number under all of it. Iraq's 2026 budget runs a $21 billion hole. More than 90% of what the state earns comes from a single barrel of oil, and now the war is over, the Strait of Hormuz is open, and the crude is flowing again. Then Washington cleared Iran to sell its own oil openly for the first time since 2018, the price slid, and the rescue got gutted on arrival.

Investment slows the bleed. It does not fix the trap. The one lever that changes the arithmetic is the worth of the dinar itself, and no nation reprices its currency without a nod from the people who run the system it is trying to rejoin. Maybe that is what the trip to Washington is really for. Watch the seats fill, and watch which door he walks toward in July.

Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com

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https://resetintelligence.com/dinar-brief/?utm_source=dinar-chronicles&utm_medium=affiliate-article&utm_campaign=daily-briefing&utm_content=5day-trial

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

Mnt Goat  I believe we are closer than ever for the dinar to get reinstated. But first things first...certain laws in Iraq must be passed. Certainly, reviving the economy to at least 45%-50% non-oil revenues could make a huge difference for Iraq and the IMF. By now everyone should be fully aware of these events that caused delays in the currency reform process. 

Jeff    The next critical piece we're looking for is to see when they're going to do the cabinet because that's the most important piece of this puzzle right now as far as timing and when everything's going to happen.  We've got to see the cabinet done. 

Reset Intelligence   The biggest banks are quietly building for a wealth event.  JP Morgan tripled its private client locations and plans 160 plus new centers, Wells Fargo callout it their best recruiting year in a decade, Goldman is growing wealth management faster banking.  In the same 12 month window 89% of high net worth firms made wealth services their number one growth strategy.  They say it is for inheritance ...watch they build, not just the explanation.

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Gold Is the Nuclear Option for a $127 Trillion Debt Crisis

Taylor Kenny:  6-23-2026

America’s $127 trillion debt crisis could expose why gold and silver remain the ultimate wealth preservation assets.

CHAPTERS:

00:00 — Gold Pullback Doesn’t Change the Bigger Picture

00:53 — How a Gold Revaluation Could Work

02:47 — The Hidden $127 Trillion Debt Crisis

04:42 — What $127 Trillion Could Mean for Gold

05:39 — Global Debt Is Surging Out of Control

06:38 — Derivatives: The Risk Layer Built on Debt

09:26 — Why the Dollar Is at the Center of the Crisis

10:53 — Gold, Silver, and Preparing for a Currency Reset

https://www.youtube.com/watch?v=wTKbIMf2MsU