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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

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

Iraq’s Domestic Debt Climbs To $81bn In June

2026-08-31  Shafaq News- Baghdad   Iraq’s domestic public debt rose to 106.072 trillion IQD (about $81 billion) at the end of June 2026, up 2.893 trillion IQD (about $2.21 billion), or 2.8%, from May, according to Central Bank of Iraq (CBI) data.

The debt has increased by 15.557 trillion IQD (about $11.9 billion), or about 17.2%, since the end of 2025, when it stood at 90.515 trillion IQD (about $69.1 billion).

Iraq’s Domestic Debt Climbs To $81bn In June

2026-08-31  Shafaq News- Baghdad   Iraq’s domestic public debt rose to 106.072 trillion IQD (about $81 billion) at the end of June 2026, up 2.893 trillion IQD (about $2.21 billion), or 2.8%, from May, according to Central Bank of Iraq (CBI) data.

The debt has increased by 15.557 trillion IQD (about $11.9 billion), or about 17.2%, since the end of 2025, when it stood at 90.515 trillion IQD (about $69.1 billion).

Finance Ministry liabilities to the CBI accounted for the largest share, rising to 67.499 trillion IQD (about $51.5 billion) in June from 63.199 trillion IQD (about $48.2 billion) in May.

Treasury bills stood at 8.742 trillion IQD (about $6.67 billion), loans at 18.964 trillion IQD (about $14.5 billion) and bonds at 10.867 trillion IQD (about $8.30 billion).

The increase comes as government spending continues to outpace revenue. Public expenditure reached 46.697 trillion IQD (about $35.6 billion) through May, compared with revenue of 33.747 trillion IQD (about $25.8 billion), leaving a gap of about 12.95 trillion IQD ($9.9 billion).

https://www.shafaq.com/en/Economy/Iraq-s-domestic-debt-climbs-to-81bn-in-June

Dollar Gains Traction As Fed Outlook Strengthens

2026-08-31 Shafaq News   The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate ​hike after hawkish remarks by Federal Reserve Chair Kevin Warsh, while the yen slipped back through the closely watched ‌160-per-dollar level.

The U.S. central bank will "have work to do" if policymakers don't get the confidence they need that inflation is heading down to 2%, Federal Reserve Chairman Kevin Warsh said on Friday, in his clearest indication yet that further tightening may be needed to curb price pressure.

The comments fuelled bets on a September ​rate hike. Markets raised the implied probability of a move next month to 57%, while yields on interest-rate-sensitive two-year U.S. Treasury ​notes rose to a more than one-month high of 4.33%.

"Warsh's defense of the inflation target has reduced ⁠a major drag on the U.S. dollar and shifted the focus back to economic fundamentals," said OCBC's FX strategist Sim Moh Siong, ​adding that it helped rebuild the Fed's credibility and eased concerns about currency debasement.

Investors are now turning their focus to incoming U.S. data, particularly Friday's ​nonfarm payrolls report and next week's consumer inflation figures, both of which could shape expectations ahead of the September Fed meeting.

The euro edged up 0.1% to $1.1591, while sterling was little changed at $1.3539. Both currencies remained on track for their second monthly gains.

The dollar index , which measures the U.S. currency against six major peers, ​ticked down slightly to 99.6 after jumping 0.6% on Friday to its strongest level since August 17.

Even so, the index was still ​on track for a second consecutive monthly decline, as U.S. Treasury bond-buyback plans earlier in the month revived debasement trades.

Dollar demand was also supported by higher oil ‌prices on ⁠Monday. Brent oil rose nearly 2% after U.S. forces struck Iran's Larak Island on Sunday, a U.S. official said, which marks the first known American strikes on Iran since late July.

YEN WEAKNESS, G20 MEETING IN FOCUS

Focus will turn to a U.S.-hosted meeting of G20 finance ministers and central bank governors on Monday and Tuesday. Markets will watch for signs of coordinated efforts to sever ties with Iran, as well as measures ​aimed at easing concerns over ​rising U.S. debt and bond ⁠yields.

A persistently weak yen is also in focus, with the dollar's renewed strength adding to pressure on the Japanese currency after it surrendered much of the gains made following July's intervention.

The yen was slightly weaker ​at 160.01 per dollar, after sliding beyond the 160-per-dollar level on Friday, a level widely viewed as ​increasing the risk of ⁠official intervention and putting the spotlight back on whether Tokyo and Washington may step in again to support the currency.

U.S. Treasury Secretary Scott Bessent said on Sunday that recent yen moves had been "pretty well contained" and that he expected Bank of Japan Governor Kazuo Ueda to "do the right ⁠thing" on ​monetary policy.

"Historically, interventions have only held when fundamentals moved in the same direction," said ​Carlos Casanova, UBP's senior economist for Asia.

"The yen remains under pressure from a still-wide rate gap, negative real rates, and the Bank of Japan's cautious pace."

Elsewhere, the New ​Zealand dollar was little changed at $0.5916, and the Australian dollar edged up 0.1% to $0.7163.   (REUTERS)

https://www.shafaq.com/en/Economy/Dollar-gains-traction-as-Fed-outlook-strengthens

Gold Prices Fall In Baghdad, Erbil

2026-08-31 Shafaq News- Baghdad/ Erbil   On Monday, gold prices declined in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 965,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 961,000 IQD. The same gold had sold for 970,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 935,000 IQD, with a buying price of 931,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 965,000 and 975,000 IQD, while Iraqi gold sold for between 935,000 and 945,000 IQD.

In Erbil, 22-carat gold was sold at 998,000 IQD per mithqal, 21-carat gold at 953,000 IQD, and 18-carat gold at 817,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-Erbil-9

USD/IQD Exchange Rates Stabilize Around 154,000 IQD In Baghdad, Erbil

2026-08-31 Shafaq News- Baghdad/ Erbil   On Monday, the US dollar held steady against the Iraqi dinar for a second consecutive day, hovering around 154,000 IQD per $100 in Baghdad and Erbil markets.

According to a Shafaq News market survey, the dollar traded at 154,000 IQD per $100 at Baghdad’s Al-Kifah and Al-Harithiya central exchanges, unchanged from Sunday.

At exchange shops in Baghdad, the selling rate stood at 154,500 IQD per $100, while the buying rate was 153,500 IQD.

In Erbil, the dollar sold at 153,950 IQD per $100 and was bought at 153,850 IQD.

 https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-stabilize-around-154-000-IQD-in-Baghdad-Erbil

Basra Movement: Kuwait Gas Project Could Affect Maritime Claims

2026-08-31 Shafaq News- Basra   Kuwait’s reported $3.3 billion gas-processing project near the Al-Zour refinery could advance development of Tuwaynah gas field before regional maritime claims are resolved, Basra’s Popular Movement against the Khor Abdullah Agreement said on Monday.

At a press conference, Movement members pointed to a Kuwaiti tender for a facility capable of processing about 632 million cubic feet of gas per day, warning that development could create an economic reality around the field while legal and geopolitical disputes remain unsettled.

The Movement urged Baghdad to safeguard Iraq’s maritime claims and natural resources through diplomatic and legal channels, criticizing “a fragmented response to disputes with neighboring states.” It also sought clarification from the Oil and Foreign ministries on projects that could overlap with areas claimed by Iraq.

Read more: Khor Abdullah: A waterway entangled in sovereignty disputes

It proposed forming a national team of diplomatic, maritime, legal, and technical experts to examine boundaries and resources, document Iraq’s claims, and engage international bodies where necessary, while avoiding “uncalculated escalation.”

The concerns also extend to Baghdad’s submission of maritime coordinates and a map to the United Nations, which drew objections from Gulf states. Iraqi authorities maintain that the filing is grounded in domestic legislation, international law, and the 1982 UN Convention on the Law of the Sea.

Khor Abdullah and Tuwaynah Disputes

Iraq and Kuwait signed the Khor Abdullah agreement in 2012 to regulate navigation and security in the shared waterway, Iraq’s only maritime access to the Gulf and a route linking key ports including Umm Qasr and Grand Al-Faw, with international shipping lanes.

Based on United Nations Security Council Resolution 833 (1993), which defined post-Gulf War borders, the agreement remains controversial in Iraq, particularly after the Federal Supreme Court ruled in 2023 that its ratification was unconstitutional, reigniting debate over sovereignty, economic interests, and maritime rights.

The offshore Dorra gas field, known in Iraq as Tuwaynah, is subject to competing regional claims. Kuwait and Saudi Arabia agreed in 2022 to jointly develop it, while Iran claims rights to part of the field. Iraqi lawmakers have also questioned the country’s maritime boundaries and potential rights in the area.

Read more: Iraq’s UN maritime move reopens Arab fault lines over Khor Abdullah

https://www.shafaq.com/en/Iraq/Basra-movement-Kuwait-gas-project-could-affect-maritime-claims

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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economics Updates Monday Afternoon 8-31-26

‍ Good Afternoon Dinar Recaps,

Oil Shock Meets Bond-Market Stress: Iran Escalation Forces a Repricing of Debt, Inflation and Fed Policy

Renewed U.S.–Iran military action is pushing oil higher, lifting bond yields and forcing markets to reassess inflation, interest rates and the cost of government debt.

‍ Good Afternoon Dinar Recaps,

Oil Shock Meets Bond-Market Stress: Iran Escalation Forces a Repricing of Debt, Inflation and Fed Policy

Renewed U.S.–Iran military action is pushing oil higher, lifting bond yields and forcing markets to reassess inflation, interest rates and the cost of government debt.

OVERVIEW

  • Oil: Renewed U.S.–Iran fighting has pushed Brent crude above $90 a barrel, reviving concerns about energy supplies and the inflationary consequences of prolonged disruption.

  • Bonds: The energy shock is spreading into global bond markets, with the U.S. 10-year Treasury yield reaching 4.764% while Japanese and European yields also move higher.

  • Federal Reserve: Markets are increasingly pricing a September rate hike, showing how quickly a geopolitical shock can change expectations for monetary policy and borrowing costs.

KEY DEVELOPMENTS

1. Iran Escalation Reignites the Energy Shock

Renewed military exchanges between the United States and Iran have pushed oil prices higher as investors reassess the risk of further disruption around the Strait of Hormuz.

Brent crude rose to approximately $90.34 a barrel, while U.S. crude reached about $85.51, adding a new inflation concern just as markets enter September.

2. Oil Is Feeding Directly Into the Bond Market

Higher energy prices can increase inflation expectations, making it more difficult for central banks to reduce interest rates.

The U.S. 10-year Treasury yield climbed to 4.764%, its highest level since January 2025. Japanese and European government bond yields also moved higher, demonstrating that the repricing is becoming a global bond-market story.

3. Fed Rate-Hike Expectations Are Rising

Following Federal Reserve Chair Kevin Warsh's recent hawkish comments, markets are now pricing approximately a 64% probability of a September rate increase, compared with roughly 35% before his Jackson Hole remarks.

The combination of higher oil prices and persistent inflation pressure could make it more difficult for the Federal Reserve to pursue easier monetary policy.

4. Higher Yields Increase the Cost of Debt

Rising Treasury yields matter beyond financial markets because they influence the cost of borrowing throughout the economy.

For governments carrying large debt loads, persistently higher yields mean higher interest expenses and less fiscal flexibility. Businesses and consumers can also face higher financing costs as market rates adjust.

5. The Repricing Is Spreading Across Assets

Stocks declined as investors reacted to the combination of higher oil, higher yields and greater rate uncertainty.

The significance is not simply that markets are falling. It is that investors are reassessing the relative value of bonds, equities, currencies and commodities as the cost of money changes.

WHY IT MATTERS

The immediate issue is the connection between geopolitics and financial conditions.

A disruption in a major energy corridor can raise oil prices. Higher oil can increase inflation. Persistent inflation can delay rate cuts or encourage higher rates. Higher rates then increase borrowing costs and pressure asset valuations.

That creates a chain reaction extending from the Strait of Hormuz to the Federal Reserve and the Treasury market.

For governments already carrying substantial debt, this matters even more. A sustained period of higher yields could make debt servicing increasingly expensive and force difficult fiscal choices.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

  • Currency values: Changing interest-rate expectations can rapidly alter demand for major currencies as investors move capital toward markets offering higher returns.

  • Purchasing power: Higher energy prices can increase transportation, food and production costs, putting pressure on the purchasing power of currencies.

  • Capital flows: Rising U.S. yields can attract capital toward dollar-denominated assets, while changing monetary policies in Japan and Europe can produce additional exchange-rate volatility.

  • Exchange rates: If the Federal Reserve remains more restrictive while other central banks pursue different paths, interest-rate differentials could become an important driver of currency movements.

IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1: Debt

The renewed energy shock highlights how quickly geopolitical events can affect the cost of sovereign borrowing.

If higher inflation and higher yields persist, governments may face increasing interest expenses and reduced room for additional borrowing. The issue is not an immediate collapse of the debt system, but whether markets are beginning to demand a higher long-term price for carrying government debt.

  • Pillar 2: Energy

The Strait of Hormuz remains a critical connection between geopolitical stability and global financial stability.

When energy transportation becomes uncertain, the consequences move beyond oil markets into inflation, monetary policy, currencies and government debt. Energy security is therefore becoming an increasingly important component of the global financial architecture.

CONCLUSION

Today's Iran escalation demonstrates how quickly a geopolitical event can move through the financial system.

The transmission mechanism is clear: higher energy prices can produce higher inflation expectations, which can produce higher interest rates, which can increase the cost of debt and pressure financial assets.

For the global economy, the important question is no longer simply where oil prices settle. It is whether the current shock becomes temporary or contributes to a longer-lasting repricing of money and sovereign debt.

The financial system is being forced to reassess the cost of energy, the cost of money and the cost of debt—all at the same time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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Thank you Dinar Recaps

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Economics, Chats and Rumors Dinar Recaps 20 Economics, Chats and Rumors Dinar Recaps 20

Ariel: Venezuela Lopped 14 Zeroes off its Currency

Ariel: Venezuela Lopped 14 Zeroes off its Currency

8-31-2026

Hypothetically Speaking:

Venezuela has lopped 14 zeroes off its currency since 2008. The “Soberano” series itself was redenominated into the “Digital” Bolivar in 2021 at a 1:1,000,000 ratio.

Venezuela pegs VES to XRP/XLM/ADA infrastructure and backs it with oil+gold reserves at a fixed rate. Ex-Reval- triggers globally — $300 (VES-Digitales Soberano) million on 1B notes at 30 cents is your number.

Ariel: Venezuela Lopped 14 Zeroes off its Currency

8-31-2026

Hypothetically Speaking:

Venezuela has lopped 14 zeroes off its currency since 2008. The “Soberano” series itself was redenominated into the “Digital” Bolivar in 2021 at a 1:1,000,000 ratio.

Venezuela pegs VES to XRP/XLM/ADA infrastructure and backs it with oil+gold reserves at a fixed rate. Ex-Reval- triggers globally — $300 (VES-Digitales Soberano) million on 1B notes at 30 cents is your number.

Gold Is A Tier 1 Assets

So I would personally be shocked if that doesn’t end up being the case.

Right now VES trades around 0.00126 USD — roughly 1/238th of a cent. A jump to 30 cents is a ~23,716x increase from current rates.

That’s not a revaluation — that’s a peg reset, the kind of move that only happens when a nation backs its currency with hard assets (gold, oil reserves, tokenized commodities on ledger). Sounds like what Iraq is doing.

Kurdistan 24 English:  U.S. President Donald Trump says Washington has reached what he calls the "biggest oil deal in world history" with Venezuela, covering more than 65 billion barrels of proven reserves. President Trump says the agreement gives the U.S. majority control through a private-sector partnership and could eventually lower American gasoline prices. Venezuela says the projects could attract about $100 billion in investment. Read more: 

Trump Calls Venezuela Agreement 'Biggest Oil Deal in World History' https://www.kurdistan24.net/en/story/935720/trump-calls-venezuela-agreement-biggest-oil-deal-in-world-history

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Monday 8-31-2026

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Mon. 31 Aug. 2026

Compiled Mon. 31 Aug. 2026 12:01 am EST by Judy Byington

Judy Note:As of Mon. 31 Aug. 2026 the new gold/asset-backed Quantum Financial System Global Currency Reset (GCR) was set to activate.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Mon. 31 Aug. 2026

Compiled Mon. 31 Aug. 2026 12:01 am EST by Judy Byington

Judy Note:As of Mon. 31 Aug. 2026 the new gold/asset-backed Quantum Financial System Global Currency Reset (GCR) was set to activate.

In the past the model of World economics had been defined byCentral Bank dominance,financial speculation and managed decline — which was now being systematically dismantled with the GCR.

The Quantum Financial System (QFS) was a gold-backed, transparent system that ended financial slavery.

The fall of the Cabal’s fiat US Dollar was abruptly made known onTuesday 25 Aug. 2026 when gold hit $4,589 per ounce. In the last quarter Central banks had bought 288 tonnes of gold – the fastest accumulation since 1967. The banks were positioning for a crash of their fiat US Dollar – which then happened on Sat. 29 Aug. 2026 when the national debt crossed $40 trillion.

Rolling Blackouts all across the World were (allegedly) happening now as the old Global financial fiat matrix disconnected. The World Banks had already moved to the gold-backed rails with Codes updated, Systems realigned. The Cabal’s debt chains had been successfully severed. It was the end of the corrupt fiat money system.

The GCR had been well prepared for this Mon. 30 Aug. 2026 transition. Gold and Peace Treaties had been (allegedly) signed by multiple nations. (Your nation could not be at war if you wanted to participate in the Global Currency Reset). Debts were wiped clean in test zones. Transactions had been recorded with biometric encryption. Certain individuals saw “disappearances” in their balances — in a good way. Global prosperity programs were on their way. Suppressed technologies were nearing release and the future held healing and restoration.

~~~~~~~~~~~~~~~

GLOBAL CURRENCY RECALIBRATION AND COMMODITY BACKED MONETARY TRANSITION ACTIVATED AMID MASSIVE DEBT SYSTEM COLLAPSE …Mr. Pool on Telegram Sun. 30 Aug. 2026

THE NEW ECONOMIC FRAMEWORK IS ANCHORED BY HARD COMMODITY BACKING, ENSURING EVERY UNIT OF VALUE CORRESPONDS TO REAL TANGIBLE ASSETS RATHER THAN INFINITE DEBT CREATION. COMMERCIAL BANKS FAILING TO COMPLY WITH THE NEW TRANSPARENCY MANDATES ARE FACING IMMEDIATE LIQUIDITY FREEZES AND COMPLIANCE TAKEOVERS.

THIS IS THE FINAL STAGE OF THE OLD PARADIGM COLLAPSE. THE ERA OF UNBACKED PAPER DEBT IS OFFICIALLY OVER. STAY STEADY, SECURE YOUR POSITION, AND WATCH THE CHANNELS FOR THE NEXT WAVE OF VERIFIED DROPS.

ATTENTION: THE FINAL COUNTDOWN HAS BEGUN! …Christian B. Wallace Tier4b ISO20022 on Telegram Sun. 30 Aug. 2026

If you thought the last few days were intense, what is happening right this moment is exceeding all expectations! SECRET PROCESSES HAVE ENTERED THE FINAL STAGE!

The final verification for Tier 4B are officially completed behind closed doors. There is no more room for delays – the system is fully locked down and ready for launch.

Banking servers are operating in “silent transition” mode. Key institutions are in constant coordination to prevent any attempt at sabotage by the old, corrupt lobby.

WHAT IS HAPPENING AWAY FROM THE PUBLIC EYE? The main stream media continues to distract the public with empty noise, trying to pull attention away from what truly matters. But those who know the truth are looking beneath the surface:

1. The code is green – Instructions have been dispatched to all relevant checkpoints.
2. Liquidity is prepped – Transfers are awaiting only the final green light for distribution to end users.

STAY CALM AND FOCUSED! This is the moment we have been preparing for over the years. Do not let panic, rumors, and daily noise distract you from the goal.

The transition isn’t just on the horizon — IT IS HAPPENING NOW. Stand ready. The new era is at your doorstep.

Read full post here:  https://dinarchronicles.com/2026/08/31/restored-republic-via-a-gcr-update-as-of-august-31-2026/

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

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

Militia Man  The United States just made an announcement about 65 billion barrels of oil the United States is going to control from Venezuela...I think we all should be paying attention to certain things like that and especially at the timing...There is a connection between Venezuela and Iraq.

Frank26 September 30th is the deadline Trump has given them for everything
...What do you think Trump wants?Everything.  Lift the three zeros from your exchange rate.  Introduce the lower notes.  Bring out the HCL.  Set your government.  Get rid of the [Iranian] weaponsDo you think he's getting everything right now?I sincerely do...

Reset IntelligenceA country [Iraq] that just ordered 7.5 billion new notes has stopped dispensing the old ones...Here's how an exchange actually works...   An exchange works by making the old paper unusable and the new paper worth walking in for.  The state controls the first half with deadlines and rationing.  You're watching that half run now - [atm] machines capped, [payment] trucks stopped, salaries rerouted [to electronic rails].  The second half arrives as a single announcement. Between the two halves sits nothing but silence from the [central] bank.  That silence is what this week sounds like.   

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

IQD Update: US Secret 100 Year Oil Deal Revealed!

Edu Matrix:  8-31-2026

Iraqi Dinar News Updates, IQD Exchange Rates, Iraq Economy News, IQD currency adjustment aka IQD RV.

https://www.youtube.com/watch?v=5V26N2ztjFk



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

The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting.

August 30, 2026Last updated: August 30, 2026   Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.

The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting.

August 30, 2026Last updated: August 30, 2026   Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.

The selling price of $100 at Baghdad exchange bureaus reached approximately 154,500 dinars at the close of trading on Saturday, August 29, the same price as at the Al-Kifah and Al-Harithiya exchanges.

Meanwhile, the Central Bank offers the dollar at 1,310 dinars, equivalent to 131,000 dinars per $100. This leaves a difference of approximately 23,500 dinars, or about 18 percent, between the Central Bank's rate and the cash selling price in the market.

The figures do not reflect a steady upward trend for the dollar. The selling price in Baghdad reached about 156,000 dinars in some sessions in June before it declined, but at the end of August it remained higher than its level at the end of January when it was selling for about 151,000 dinars per 100 dollars.

This means that the new measures have not yet led to a permanent narrowing of the gap between the two prices to limited levels, despite a major change in the way Iraq manages trade finance and access to foreign currency.

Since the beginning of 2025, Iraq has moved from an electronic platform through which the Central Bank oversaw foreign transfers to a system in which commercial banks rely on their accounts and relationships with correspondent banks abroad, while the Central Bank finances those accounts and oversees compliance.

The International Monetary Fund said last year that the transition to the new system had succeeded in reducing the gap between the official and parallel exchange rates at that stage, but it also said that further narrowing the gap required facilitating access to foreign currency, tightening customs controls to curb smuggling and informal trade, and promoting the use of the dinar in local transactions.

But the widening gap again in 2026 indicates that reforming the transfer mechanism alone was not enough to eliminate demand outside the formal system.

The central bank said in June that it was committed to meeting legitimate demand for dollars and maintaining exchange rate stability, and that its reform program included reintegrating Iraqi banks into foreign transfers, expanding their relationships with correspondent banks, improving electronic payments, and complying with anti-money laundering and counter-terrorism financing standards.

In July, Central Bank Governor Nizar Nasser Hussein announced that, following discussions with the US Treasury Department, an understanding had been reached allowing restricted Iraqi banks to return to foreign correspondent banking channels in currencies other than the dollar after they met compliance and governance requirements.

The bank said that seven banks have become eligible for this stage, and that they can regain eligibility to deal in dollars later after passing additional requirements.

In the same month, the Central Bank withdrew the licenses of three companies that mediated the buying and selling of foreign currencies, namely Al-Rawajeb, Saba and Al-Nitaq, due to their violation of the sector's regulatory controls. Then, it held meetings with exchange companies to discuss reorganizing their operations and raising compliance and governance levels.

The policy towards cash dollars also witnessed another change. In July, Iraqi media published a directive from the Central Bank allowing banks to deliver some foreign remittances and incoming dollar deposits to their owners in the same currency, according to specific controls, in a move that would increase the banking system's ability to meet the legitimate demand for foreign currency.

However, the parallel market did not disappear.

This is partly due to the nature of demand, which does not all pass through the banking system. The IMF stated in its report on Iraq that the remaining difference between the two exchange rates reflects, among other factors, informal trade, demand for dollars for activities that cannot access regulated channels, and speculation.

The central bank itself had previously stated in clarifications that part of the parallel demand comes from traders who do not use official import methods, or from trade that does not pass through regular customs ports, or from prohibited activities, which makes providing dollars for legitimate transactions insufficient on its own to eliminate the informal market.

Iraq's financial relationship with the United States and its trade with Iran add another layer of complexity.

Reuters reported last week that Iraq's reliance on the dollar-based financial system gives Washington significant leverage over its financial sector, at a time when Iraq maintains extensive economic ties with Iran. According to figures cited by the agency, Iraqi-Iranian trade exceeded $10 billion in 2025.

In recent years, the United States has also imposed restrictions and sanctions on Iraqi banks that it said were involved in transactions linked to Iran, prompting the central bank to tighten compliance requirements and restructure the relationship of Iraqi banks with the international financial system.

This reveals a paradox facing Iraqi monetary policy: stricter compliance reduces the risks of sanctions and money laundering and brings banks closer to the international financial system, but at the same time it may leave a portion of demand that is unable or unwilling to go through official procedures heading to the parallel market.

Therefore, the market rate alone does not provide a complete measure of the success of banking reform. Restructuring banks, improving governance, expanding their international relationships, and subjecting remittances to scrutiny are objectives that extend beyond the daily exchange rate.

However, a persistent gap approaching 18 percent is at the same time an indicator that is difficult to ignore when measuring the ability of reforms to reach the real economy.

For a trader who cannot finance all of his needs through a correspondent bank, or a citizen who needs cash dollars for purposes other than those specified, the parallel market rate remains the actual rate he faces.

Herein lies the most difficult test for the Central Bank and the government of Ali al-Zaidi.

After changing the rules for foreign exchange, reopening banking channels, regulating exchange companies, and expanding dollar transactions through banks, the challenge is no longer limited to building a more compliant financial system, but has become making this system capable of competing with the parallel market in speed, access, and cost.

The experience of the first eight months of 2026 suggests that the parallel market has not yet given up.

The dollar, which was selling for about 151,000 dinars per 100 dollars at the end of January, reached 154,500 dinars at the end of August, although it fell back from the peaks it recorded in June.

Thus, what has been achieved so far seems closer to a reform of the banking structure and channels than to a complete transformation of the exchange market.

Narrowing the gap between the two prices, rather than just the number of instructions or banks that have been rehabilitated, will be one of the clearest tests of the new policy’s ability to transfer reform from the banks to the market.

https://mustaqila.com/ارتفاع-الدولار-يختبر-الإصلاح-المصرفي/

The American Media Line News Network: An Official In The Prime Minister's Office Expects A Decision To Remove Zeros From The Dinar

1 News - وان نيوز @onenewsiq   Translated from Arabic

The American Media Line news network: An official in the Prime Minister's office expects a decision to remove zeros from the dinar to be finalized in the near upcoming period. #وان_نيوز #المنصة_الإخبارية_الأولى_في_العراق

Rate this translation:  

8:50 PM · Aug 30, 2026   158    Views

https://x.com/onenewsiq/status/2094241260190195719

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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economics Updates Monday Morning 8-31-26

Good Morning Dinar Recaps,

Global Bond Markets Flash Warning Signals: Oil Shock Forces Investors to Reprice Debt and Rates

Rising energy prices and renewed rate-hike expectations are pushing global borrowing costs higher, exposing growing pressure across sovereign debt markets.

Good Morning Dinar Recaps,

Global Bond Markets Flash Warning Signals: Oil Shock Forces Investors to Reprice Debt and Rates

Rising energy prices and renewed rate-hike expectations are pushing global borrowing costs higher, exposing growing pressure across sovereign debt markets.

 OVERVIEW

  • Global bond markets are coming under renewed pressure as a 3% rise in oil prices adds to inflation concerns and pushes borrowing costs higher across major economies.

  • Markets are increasingly pricing in additional central-bank tightening, with expectations for a September Federal Reserve rate hike rising to roughly 60%, while European and Japanese bond yields are also climbing.

  • The broader significance extends beyond interest rates: higher yields increase the cost of servicing government debt and can force investors to reassess the value of stocks, bonds, currencies and other major assets.

KEY DEVELOPMENTS

1. Oil Shock Reignites Inflation Concerns

Renewed U.S.–Iran military tensions have pushed Brent crude back above $90 a barrel, adding another layer of inflation pressure to an already fragile global economic environment.

The concern for markets is not simply the price of oil today, but whether disruptions around the Strait of Hormuz persist long enough to keep energy costs elevated.

2. Global Bond Yields Are Moving Higher

The pressure is spreading across sovereign debt markets. Japan's 2-year government bond yield reached its highest level since 1995, while longer-term yields in the eurozone have reached levels not seen in more than 15 years.

U.S. Treasuries are also under pressure. The 30-year Treasury yield remains around 5.20%, while the 2-year yield is around 4.34%, reflecting growing concern that inflation could keep monetary policy tighter for longer.

3. Fed Rate-Hike Expectations Are Rising

Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole remarks have changed market expectations. The probability of a September rate increase has risen to approximately 60%, compared with less than 50% the previous week.

That shift matters because higher U.S. rates can increase borrowing costs throughout the economy while also influencing global capital flows, currencies and asset valuations.

4. Japan and Europe Face Their Own Bond-Market Pressure

The repricing is not confined to the United States. European yields have climbed sharply, with German and French short-term borrowing costs reaching their highest levels since 2024.

Japan is facing an additional challenge from a weakening yen and rising inflation. Markets are increasingly anticipating that the Bank of Japan may raise rates in September, adding another potential source of global financial tightening.

5. Investors Are Reassessing the Cost of Capital

The combination of higher oil prices, persistent inflation and rising government borrowing costs is forcing investors to reconsider the price of money across global markets.

This creates a potentially important feedback loop: higher yields increase government financing costs, elevated energy prices reinforce inflation, and persistent inflation limits the ability of central banks to reduce interest rates.

WHY IT MATTERS

The bond market is one of the foundations of the global financial system. Government bond yields influence mortgage rates, corporate borrowing, investment decisions and the cost of financing government deficits.

The current warning is that markets may be moving toward a period in which higher borrowing costs become structural rather than temporary.

For governments carrying historically large debt burdens, even relatively small increases in interest rates can have significant long-term consequences.

For investors, the combination of elevated bond yields and geopolitical energy risk means that the cost of capital is becoming an increasingly important market variable.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

  • Currency values: Changes in U.S., Japanese and European interest-rate expectations can redirect international capital flows and influence exchange rates.

  • Purchasing power: Higher energy prices can raise transportation, food and production costs, placing additional pressure on purchasing power.

  • Capital flows: Higher yields can attract capital toward certain currencies and away from others, creating greater exchange-rate volatility.

  • Global demand for dollars: Higher U.S. yields can support demand for dollar-denominated assets, although persistent fiscal and inflation concerns can complicate that relationship.

IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1: Debt

The most direct structural implication is the rising cost of government debt. When sovereign yields remain elevated, governments must devote more resources to interest payments, potentially limiting fiscal flexibility and increasing pressure to reconsider spending, taxation and debt issuance.

The significance extends beyond the United States. Rising yields in Japan and Europe indicate that the repricing of sovereign debt is becoming increasingly global.

  • Pillar 2: Assets

Higher interest rates change the relative attractiveness of virtually every major asset class. Bonds must compete with higher yields, while stocks, cryptocurrencies, commodities and currencies are repriced according to changing expectations for growth, inflation and monetary policy.

This means the bond market can become the transmission mechanism through which higher energy costs and tighter monetary policy spread into the broader financial system.

  • Pillar 3: Energy

The renewed rise in oil prices demonstrates how closely the financial system remains tied to global energy security. Continued disruption around the Strait of Hormuz could keep inflation elevated and make it more difficult for central banks to ease monetary policy.

Energy therefore remains a critical variable connecting geopolitics, inflation, interest rates and global capital markets.

CONCLUSION

Global bond markets are sending a warning that investors are reassessing the cost of money, the cost of energy and the cost of government debt.

The combination of oil above $90, rising sovereign yields and increasing expectations for central-bank tightening is creating a more difficult environment for heavily indebted governments and risk-sensitive assets.

The important question is no longer simply whether inflation will fall, but whether governments and markets can absorb higher borrowing costs while debt levels remain historically elevated.

The repricing of global debt may prove to be one of the most important structural forces shaping the financial system through the remainder of 2026.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

~~~~~~~~~~ 

🌱 A Message to Our Currency Holders🌱

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

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


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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Monday AM Iraq News Posted by Tishwash at TNT 8-31-2026

TNT:

Tishwash:  Companies at the Erbil Exhibition: The Iraqi market is promising for attracting new investments.

Local and foreign companies participating in the Erbil International Construction and Infrastructure Exhibition, currently being held in Erbil, are looking for opportunities for new partnerships and investments in the Iraqi market, with a focus on modern construction technologies, sustainable energy and infrastructure solutions.

Abdul Malik Qasim, the director of one of the Iraqi companies, told Shafaq News Agency that "participation this year goes beyond just displaying products; it is a real opportunity to conclude strategic contracts," noting that the Iraqi market is witnessing a boom in infrastructure projects, and that the presence of local companies reflects the ability of the Iraqi private sector to compete with and integrate with foreign partnerships.

TNT:

Tishwash:  Companies at the Erbil Exhibition: The Iraqi market is promising for attracting new investments.

Local and foreign companies participating in the Erbil International Construction and Infrastructure Exhibition, currently being held in Erbil, are looking for opportunities for new partnerships and investments in the Iraqi market, with a focus on modern construction technologies, sustainable energy and infrastructure solutions.

Abdul Malik Qasim, the director of one of the Iraqi companies, told Shafaq News Agency that "participation this year goes beyond just displaying products; it is a real opportunity to conclude strategic contracts," noting that the Iraqi market is witnessing a boom in infrastructure projects, and that the presence of local companies reflects the ability of the Iraqi private sector to compete with and integrate with foreign partnerships.

For his part, Saif Awad, a representative of one of the participating companies, said that companies no longer view Iraq “as just a consumer market for materials, but as a promising investment environment that is growing rapidly,” explaining that the participation aims to localize modern technologies and transfer engineering expertise to local personnel, given the opportunities available in the Iraqi governorates.

Sarah Mohammed, an infrastructure sector advisor, told Shafaq News Agency that what distinguishes this year's exhibition is the focus on sustainable building solutions and energy-saving technologies, noting that meetings between businessmen and investors showed "a serious desire to turn memoranda of understanding into real projects on the ground that serve comprehensive development plans."

The exhibition , which began last Thursday, includes more than 450 companies representing 20 Arab and foreign countries.

Its activities began in Erbil this week, and its four days are expected to witness bilateral (B2B) meetings and the signing of investment and trade contracts and understandings between foreign companies and local investors.  link

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

Tishwash:  Money exchange companies under the microscope of the Central Bank of Iraq: strict oversight and anticipated updates.

The relationship between the Central Bank of Iraq and exchange companies and offices is heading towards a more stringent stage in monitoring the movement of funds and transfers, in conjunction with official moves to reorganize the sector and raise compliance and governance requirements, according to a source close to the exchange market and official data reviewed by Al-Mustaqilla.

The source, who preferred not to reveal his name, told Al-Mustaqilla’s correspondent that exchange companies and offices are currently subject to stricter monitoring, and that the coming period may witness updates in the mechanisms for linking and exchanging information with the Central Bank, allowing for more accurate monitoring of operations and transfers, especially foreign transactions.

The Central Bank has not yet announced details about a new electronic system to link exchange companies or when it will be implemented, and Al-Mustaqilla was unable to independently verify the nature of the updates referred to by the source.

But the bank's actions over the past three months support a clear trend towards tighter oversight of the sector.

On June 10, the Central Bank asked exchange companies of categories (A and B) and companies that mediate the buying and selling of foreign currencies to provide it with data relating to their bank accounts, and said that the measure comes “for regulatory and supervisory purposes.”

On July 6, the bank withdrew the licenses of Al-Rawajeb, Saba and Al-Nitaq companies to mediate the buying and selling of foreign currencies, attributing the decision to violations of sector regulation controls.

Two weeks later, Central Bank Governor Nizar Nasser Hussein held a meeting with the directors and chairmen of exchange companies, and said that the next phase would witness new initiatives and activities to expand their businesses, in parallel with raising compliance and governance levels in accordance with international standards.

These measures coincided with broader commitments made by Iraq under a joint action plan with the Financial Action Task Force (FATF) to strengthen the fight against money laundering and terrorist financing. In August, the bank issued a new circular on behavioral indicators for transactions suspected of being linked to money laundering or terrorist financing, following a training program in which banking and non-banking financial institutions participated.

Exchange companies are already subject to special anti-money laundering and counter-terrorism financing regulations issued by the Central Bank in 2024, as part of its supervision of non-bank financial institutions.

These steps indicate that the next phase may not be limited to regulating currency sales, but may extend to increasing oversight of the sources of funds, transfer routes, and beneficiaries.

The extent of the expected change remains linked to the instructions that will be issued by the Central Bank, particularly whether it will adopt a more centralized system to link exchange companies and monitor their transactions directly.  link

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

Tishwash:   The Iraqi government is turning to American banks for loans to resolve its liquidity crisis.

An informed source revealed on Sunday that the government intends to approach some American banks to obtain a financial loan as a quick solution to overcome the liquidity crisis, away from proposals to print currency.

The source explained to Shafaq News Agency that "the Ministries of Finance and Foreign Affairs are considering contacting some official American banks to obtain a financial loan that will be repaid from Iraqi oil sales in global oil markets, thus solving the liquidity crisis away from the proposal to print currency locally."

The source added that "the Iraqi government sees this approach as a logical and quick solution amid the wave of crises that the region is witnessing," without revealing further details.

The law on borrowing, grants and subsidies is an exceptional and temporary measure that Iraq is moving towards enacting, to compensate for the absence of the federal budget and to secure the necessary government spending.

The Iraqi parliament is waiting for the government to officially send the draft borrowing law to parliament, in order to avoid a financial gap and to ensure that the law does not differ from the vision and policy of the Iraqi government, according to the parliamentary finance committee.

Earlier, a special monitoring conducted by Shafaq News Agency showed that the volume of Iraqi currency issuance rose to 113.560 trillion dinars in May 2026, an increase of about 13.761 trillion dinars, or 13.8%, compared to the end of December 2025, amid escalating financial pressures that prompted the government to seek liquidity to ensure the payment of salaries and basic expenses. ink

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

Tishwash:  US Sanctions on Iran Could Disrupt Iraq’s Trade, Energy Supplies and Currency Market

Iraq could face significant economic repercussions from the tightening of US sanctions on Iran, with experts warning that restrictions on financial transactions could disrupt bilateral trade, increase prices and put additional pressure on the Iraqi dinar and dollar market.

The concerns come amid extensive commercial and economic ties between Baghdad and Tehran. Iraq relies on Iran for a significant share of imports, including food, agricultural products, construction materials and consumer goods, while continuing to import Iranian gas and electricity.

Economic expert Sadiq al-Rikabi told BasNews that a complete halt to official trade between Iraq and Iran would be difficult given the two countries’ long border and deeply interconnected commercial relations.

"It would be difficult to say that sanctions will completely halt trade, but they will impose major obstacles on imports and financial transfers,” al-Rikabi said.

He identified food and agricultural products as among the sectors most vulnerable to disruption, noting that Iraq imports substantial quantities of dairy products, vegetables and canned goods from Iran.

Construction materials, including ceramics, iron and pipes, could also be affected, he said, as many Iraqi companies rely on Iranian supplies because of their relatively low costs and geographic proximity. Consumer goods, plastics, cleaning products and household materials could face similar pressures.

Energy payments remain a key concern

Iraq’s electricity and gas imports from Iran are covered by US sanctions waivers, but the mechanism for settling payments remains a major challenge, according to al-Rikabi.

He noted that payments associated with Iranian electricity and gas imports had exceeded $10 billion during previous periods, warning that difficulties in settling outstanding payments could prompt Iran to reduce or suspend energy supplies.

Such a development could directly affect Iraq’s electricity generation, particularly given the continued importance of Iranian gas to the country’s power sector.

Banking restrictions could push trade into informal channels

Al-Rikabi said the main difference between the current sanctions environment and the existing trade relationship is Washington’s effort to impose financial restrictions on Iran and prevent dollars from reaching the Iranian economy.

An Iraqi trader opening a bank credit facility or letter of guarantee in favor of an Iranian company could face sanctions exposure, while transferring US dollars to Iran through the banking system would become increasingly difficult, he said.

As formal banking channels become more constrained, however, informal trade could expand through unofficial border crossings, cash transactions and barter arrangements.

Some traders could resort to exchanging Iraqi dinars for Iranian rials or physically transporting cash across the border, while others could use barter systems in which Iraqi goods are exchanged directly for Iranian products.

"The trade conducted through banks will decline significantly, but informal trade could become more active,” al-Rikabi said.

Pressure on prices and the dollar market

Despite tighter restrictions, al-Rikabi expects Iranian goods to continue entering the Iraqi market, albeit in smaller quantities and under greater scrutiny.

He warned that traders’ increased reliance on the parallel market to obtain dollars and transfer funds to Iran could raise demand for the US currency inside Iraq.

This could contribute to delays in the arrival of certain goods and drive up prices as importers face higher transaction costs and greater difficulties securing supplies.

The resulting increase in demand for dollars could also place additional pressure on the Iraqi dinar’s exchange rate.

"Iraq-Iran trade will not stop completely,” al-Rikabi said, "but sanctions and tighter controls on financial transfers will make it more expensive and complicated, with potentially direct consequences for the Iraqi economy, prices and the foreign-exchange market.”  link

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Economics, Chats and Rumors Dinar Recaps 20 Economics, Chats and Rumors Dinar Recaps 20

‍Rob Cunningham: Ripple Turning SWIFT’s 14-Month Window into a Trojan Horse

Rob Cunningham: Ripple Turning SWIFT’s 14-Month Window into a Trojan Horse

8-29-2026

Oopsie, Mr. SWIFT.

“Ring-Ring”

“Hello?”

“I’m Ripple.”

“Glad you called! What’s up?”

Rob Cunningham: Ripple Turning SWIFT’s 14-Month Window into a Trojan Horse

8-29-2026

Oopsie, Mr. SWIFT.

“Ring-Ring”

“Hello?”

“I’m Ripple.”

“Glad you called! What’s up?”

“You don’t have to rip out SWIFT. Keep it. Let us solve the corridors, liquidity, stablecoin settlement, treasury and digital-asset problems that your existing architecture isn’t solving for the next 12-14 months.”

“We Love You! When can we sign?”

– A bank can remain a SWIFT member for messaging, correspondent relationships and legacy traffic while simultaneously moving selected payment corridors, treasury liquidity, stablecoin settlement and digital-asset activity onto Ripple’s full-stack infrastructure.

Ripple enters this new 12-14 month “window of opportunity” SWIFT has opened, considerably stronger than the Ripple of several years ago. Ripple’s payments network has already processed $100B+, supports payouts across 60+ markets, and the Ripple Ecosystem now possesses 75+ regulatory licenses. Its European MiCA authorization alone gives it regulated reach across all 30 EEA countries.

Meanwhile, Ripple Treasury – the former GTreasury business – says its platform facilitated $13 trillion of customer payments in 2025. That gives Ripple something particularly valuable during this SWIFT “window of opportunity”: existing relationships with corporate treasury departments rather than having to acquire every customer from scratch.

And a new customer acquired through Ripple Payments can subsequently consume stablecoins, custody, liquidity, virtual accounts, treasury management and digital-asset infrastructure. Ripple explicitly describes its expanded payments platform as allowing customers to collect → hold → exchange → settle → payout fiat and stablecoins through one integrated environment.

New Payments customer
→ Ripple Payments
→ Ripple Treasury
→ RLUSD
→ custody
→ liquidity
→ tokenized assets
→ XRPL settlement
→ potentially XRP bridge liquidity where economically appropriate.

That is vastly more valuable than winning a payment message.

And there’s a beautiful strategic irony here.

SWIFT’s delay doesn’t prove SWIFT is dying. In fact, SWIFT says more than 98% of payment instructions are already being sent using ISO 20022, so this is specifically an implementation/readiness problem involving richer structured data – not failure of ISO 20022 itself.

Rinse & Repeat thousands of times. Gain 750-1,500 brand new banking, fintech, payments relationships.

Winning by not losing.

Source(s):
https://x.com/KuwlShow/status/2093451408184115208

https://dinarchronicles.com/2026/08/29/rob-cunningham-ripple-turning-swifts-14-month-window-into-a-trojan-horse/


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Iraq Economic News and Points To Ponder Sunday Afternoon 8-30-26

Al-Amiri: I Assure Everyone There Will Be No Confrontation Between The State And The Resistance - 8/30/2026

Baghdad - INA - 8/30/2026   The Secretary-General of the Badr Organization Hadi al-Amiri said there would be no confrontation whatsoever between the state and the IRI resistance, stressing that the Coordination Framework had agreed on a decision to combat corruption and those responsible for it.  

“I assure everyone that there will be absolutely no confrontation between the state and the resistance,” Al-Amiri said in remarks delivered at a memorial ceremony marking the anniversary of the martyrdom of Grand Ayatollah Mohammed Baqir al-Hakim, according to remarks followed by the Iraqi News Agency (INA).

Al-Amiri: I Assure Everyone There Will Be No Confrontation Between The State And The Resistance - 8/30/2026

Baghdad - INA - 8/30/2026   The Secretary-General of the Badr Organization Hadi al-Amiri said there would be no confrontation whatsoever between the state and the IRI resistance, stressing that the Coordination Framework had agreed on a decision to combat corruption and those responsible for it.  

“I assure everyone that there will be absolutely no confrontation between the state and the resistance,” Al-Amiri said in remarks delivered at a memorial ceremony marking the anniversary of the martyrdom of Grand Ayatollah Mohammed Baqir al-Hakim, according to remarks followed by the Iraqi News Agency (INA).  

“The fight against corruption and the corrupt is a decision agreed upon by the Coordination Framework, and we support system" rel="">support the prime minister in this regard,” he said.  

Al-Amiri said regulating weapons was “a legitimate national and constitutional objective” and a fundamental step towards building a strong state capable of protecting Iraq and safeguarding its security, sovereignty and dignity.

“Regulating weapons is not an external decision, but a purely Iraqi one,” he said.

https://ina.iq/en/politics/51595-al-amiri-i-assure-everyone-there-will-be-no-confrontation-between-the-state-and-the-resistance.html

Iraq Considers Loans From US Banks To Ease Liquidity Crisis

2026-08-30   Shafaq News- Baghdad    The Iraqi government is considering borrowing from US banks as a quick way to address its liquidity crisis rather than print more currency, an informed source told Shafaq News on Sunday.

“The Iraqi government sees this as a practical and quick solution amid the ongoing crises in the region,” the source said, without providing further details.

Iraq is preparing temporary legislation on borrowing, grants and subsidies to cover essential government spending while no federal budget is in place. The parliamentary Finance Committee said Parliament is awaiting the government’s formal submission of the draft law to prevent a funding gap.

Data from the Central Bank of Iraq (CBI) showed that the total value of currency issued rose to 111.189 trillion dinars ($84.5 billion) by the end of June 2026. By the end of June, currency held outside banks accounted for about 91.7% of the total, while the remaining 8.3% was held in bank vaults.

https://shafaq.com/en/Economy/Iraq-considers-loans-from-US-banks-to-ease-liquidity-crisis

Banking Sector Faces Turning Point In Iraq’s Reform Drive

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

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

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

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

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

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

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

From Cash to Credit

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

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

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

Protecting Deposits

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

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

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

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

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

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

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

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

Al-Zaydi: We Directed The Exposure Of Corrupt Individuals And The Activation Of The Law Rewarding Informants.

2026-08-29 Shafaq News - Baghdad   During his visit on Saturday to the headquarters of the Federal Integrity Commission, Prime Minister Ali al-Zaidi directed the activation of the law rewarding informants about corruption cases, the strengthening of monitoring border crossings, and the exposure of corrupt individuals, stressing the need to submit monthly and quarterly reports on the progress of combating corruption and the level of achievement.

During the field visit, Al-Zaydi met with the head of the commission and its senior staff, and was briefed on its working mechanisms and efforts in combating corruption and protecting public funds, according to a statement issued by his media office.

The statement quoted Al-Zaydi as saying that "the Integrity Commission is a monument that cannot be measured by its walls, but rather by its scales, and by its two pans, which are integrity and the preservation of public funds," stressing that the battle against corruption is great, and that the commission represents the first line of defense in it.

The Prime Minister stressed that the role of the commission should not be limited to the oversight aspect, but should also include the preventive aspect, stressing the need to work on eradicating the corruption system completely, and to follow up on the governorates’ projects in the same way as the ministries’ projects.

He directed that projects be monitored according to three levels that correspond to the size and cost of the project, starting with high-cost projects, then medium-cost projects, and then small projects, in order to ensure that the supervisory effort is directed more effectively.

For his part, the head of the commission confirmed the formation of field teams to audit contracts in state institutions. The audit of contracts for eight ministries has been completed, while work continues to complete the rest of the institutions.

He pointed out the completion of the National Strategy for Integrity and Combating Corruption, which extends until 2030, and stressed the commission’s readiness to move forward in combating corruption and preserving public funds.  

https://www.shafaq.com/ar/سیاسة/الزيدي-وج-هنا-بفضح-الفاسدين-وتفعيل-قانون-مكاف-ة-المخبرين

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Seeds of Wisdom RV and Economics Updates Sunday Afternoon 8-30-26

Good Afternoon Dinar Recaps,

The Fed's Rate Warning Meets America's Debt Problem: The Dollar Enters a New Phase

The Federal Reserve's renewed willingness to raise interest rates is colliding with a very different problem: a U.S. government carrying more than $40 trillion in debt while long-term Treasury yields remain elevated. The result is a new tension between defending the dollar's purchasing power and managing the cost of America's debt.

Good Afternoon Dinar Recaps,

The Fed's Rate Warning Meets America's Debt Problem: The Dollar Enters a New Phase

The Federal Reserve's renewed willingness to raise interest rates is colliding with a very different problem: a U.S. government carrying more than $40 trillion in debt while long-term Treasury yields remain elevated. The result is a new tension between defending the dollar's purchasing power and managing the cost of America's debt.

 Overview

  • Fed Chair Kevin Warsh's hawkish message has sharply increased expectations for a September rate hike, with market pricing rising to roughly 56% from 35% following his Jackson Hole remarks.

  • At the same time, U.S. debt has surpassed $40 trillion and long-term Treasury yields remain elevated, creating greater sensitivity to higher interest rates.

  • The timing is significant because the G20 is now meeting with U.S. debt, Iran, tariffs, energy prices and financial stability all on the agenda, bringing monetary policy and geopolitical finance into the same conversation.

Key Developments

1. The Fed is signaling that inflation may require higher rates

Kevin Warsh's Jackson Hole message changed the market's perception of the Federal Reserve's next move.

Rather than emphasizing the possibility of holding rates steady, Warsh indicated that current financial conditions may not be restrictive enough to bring inflation sustainably back under control.

Markets responded quickly.

The probability of a September rate increase rose to approximately 55.7%, according to CME FedWatch data cited by Reuters. Gulf markets subsequently moved lower because many regional currencies are pegged to the dollar and therefore remain highly sensitive to changes in U.S. monetary policy.

The important point is that the Fed is now confronting a difficult choice:

Fight inflation with higher rates—or accommodate an economy carrying an enormous amount of government debt.

2. America's debt makes higher rates increasingly consequential

The United States has now crossed the $40 trillion federal debt threshold.

At the same time, the 30-year Treasury yield reached its highest level in 19 years earlier this month.

That combination matters because higher interest rates don't only affect mortgages and corporate borrowing.

They eventually affect the government's own interest bill.

As existing Treasury securities mature, they must be refinanced at prevailing market rates. If those rates remain elevated, an increasing portion of federal revenue must go toward servicing the debt.

This creates a difficult feedback loop:

Higher rates → higher debt-service costs → larger deficits → more borrowing → greater Treasury supply → pressure on long-term yields.

The Federal Reserve can influence the short end of the curve, but it cannot permanently eliminate the fiscal arithmetic.

3. Treasury policy is already responding to pressure in the long bond

The Treasury has already taken an unusual step by doubling scheduled buybacks of longer-term Treasury securities to $4 billion per operation.

The move briefly cooled long-term yields.

But Reuters reports that the intervention has raised concerns among central bankers because the Treasury market has traditionally operated under a principle of regular and predictable issuance, rather than active attempts to influence market pricing.

That creates another important tension.

The Federal Reserve is signaling that rates may need to remain higher to control inflation.

Meanwhile, the Treasury wants to prevent long-term borrowing costs from becoming excessively expensive.

Monetary policy and fiscal policy are therefore pulling on different parts of the same financial system.

Why It Matters

The dollar has historically benefited from higher U.S. interest rates because higher yields can attract global capital into dollar-denominated assets.

But today's environment is different.

The United States is simultaneously dealing with: Higher rates + enormous debt + elevated Treasury yields + large financing requirements.

That means a stronger dollar is no longer the only objective.

Washington also has an interest in keeping Treasury financing costs manageable.

This creates a more complicated relationship between the dollar and interest rates.

Higher rates can support the dollar while simultaneously increasing the cost of maintaining the debt structure that supports the dollar.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, this is an important distinction.

A rising dollar does not necessarily mean that the underlying U.S. financial system is becoming stronger in every respect.

The dollar can strengthen because U.S. interest rates are higher, while investors simultaneously become more concerned about the long-term cost of U.S. debt.

That creates two competing forces:

  • Higher rates → support dollar demand

  • Higher debt costs → increase questions about long-term fiscal sustainability

The question for currency holders is therefore not simply:  "Is the dollar strong today?"

It is:  "What is causing the dollar's strength—and is that force sustainable?"

Implications for the Global Financial Reset

  • The dollar may be entering a more complicated phase

For years, the relationship was relatively straightforward:

Higher U.S. rates → stronger dollar → more demand for Treasuries.

That relationship is becoming more complicated as investors increasingly evaluate U.S. fiscal sustainability alongside monetary policy.

The dollar remains the dominant global reserve currency.

But the cost of supporting that system is becoming more visible.

  • Global investors are being forced to price monetary and fiscal risk together

The G20 meeting makes this especially important.

Treasury Secretary Scott Bessent is entering discussions with other major economies while trying to address U.S. debt and bond-market concerns, global trade imbalances, Iran sanctions and energy disruption at the same time.

Those issues can no longer be treated as completely separate.

  • Oil affects inflation.

  • Inflation affects interest rates.

  • Interest rates affect Treasury yields.

  • Treasury yields affect the dollar.

  • And the dollar affects global trade and capital flows.

That is the interconnected system you should be watching.

What to Watch

The next major signals will come from:

  • September Fed expectations following Warsh's Jackson Hole message

  • The next U.S. employment and inflation reports

  • 30-year Treasury yields and upcoming debt auctions

  • Treasury buyback activity

  • The dollar's reaction to higher rate expectations

  • G20 discussions involving U.S. debt, Iran sanctions and trade

  • Whether foreign central banks continue increasing diversification into gold and other reserve assets

The key question is whether higher rates strengthen the dollar enough to offset the financial pressure created by higher U.S. debt-service costs.

Bottom Line

The Fed's renewed willingness to consider higher rates might initially appear to be a straightforwardly positive development for the dollar.

But America's debt burden changes the equation.

The United States now needs to defend the purchasing power of its currency while simultaneously managing the rising cost of financing the debt behind that currency.

That is the new tension.

The dollar may remain the world's dominant reserve currency, but the market is increasingly being asked to price the dollar, Treasury debt and U.S. fiscal policy as one interconnected system.

The next phase of the global financial reset may not be about whether the dollar rises or falls—it may be about how much higher interest rates the United States can sustain before protecting the dollar begins to collide with protecting the Treasury market.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

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Economics, Gold and Silver Dinar Recaps 20 Economics, Gold and Silver Dinar Recaps 20

Fed vs. Treasury: The $1 Trillion Gold Revaluation Plan? | Mario Innecco

Fed vs. Treasury: The $1 Trillion Gold Revaluation Plan? | Mario Innecco

Liberty and Finance:  8-29-2026

Mario Innecco warns that the Federal Reserve may be far less capable of fighting inflation than its rhetoric suggests, arguing that changing CPI methodology masks the true erosion of purchasing power.

He discusses the possibility of the Treasury revaluing U.S. gold to generate roughly $1 trillion that could potentially be used for Treasury buybacks and yield-curve control.

Fed vs. Treasury: The $1 Trillion Gold Revaluation Plan? | Mario Innecco

Liberty and Finance:  8-29-2026

Mario Innecco warns that the Federal Reserve may be far less capable of fighting inflation than its rhetoric suggests, arguing that changing CPI methodology masks the true erosion of purchasing power.

He discusses the possibility of the Treasury revaluing U.S. gold to generate roughly $1 trillion that could potentially be used for Treasury buybacks and yield-curve control.

Mario also suggests that the apparent conflict between Fed Chair Kevin Warsh and Treasury Secretary Scott Bessent could be “theater” designed to manage public perception while policymakers deal with mounting debt and financial instability.

Drawing parallels to the financial disruption surrounding World War I, he warns that a major geopolitical conflict could severely disrupt markets and make physical gold and silver an important form of protection against financial chaos.

He also remains bullish on gold, silver and mining stocks, while arguing that sanctions and the weaponization of the dollar may be accelerating de-dollarization and encouraging foreign central banks to turn toward gold.

INTERVIEW TIMELINE:

0:00 Intro

1:15 Market sell-off

8:43 Gold revaluation

16:00 Mainstream interest in gold

19:33 Wars and financial crises

28:00 Miners

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


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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Sunday News Posted by Tishwash at TNT 8-30-2026

TNT:

Tishwash:  Venezuela is considering leaving OPEC.

 Informed sources reported on Friday that Venezuela is seriously considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). They revealed that this issue was the focus of recent discussions between Venezuelan and American officials, though no official decision has yet been reached.

These developments come at a time when Venezuela's oil influence in global energy markets has clearly diminished, following years of economic sanctions and internal turmoil that have reduced its production to less than half of the levels recorded a decade ago.

TNT:

Tishwash:  Venezuela is considering leaving OPEC.

 Informed sources reported on Friday that Venezuela is seriously considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). They revealed that this issue was the focus of recent discussions between Venezuelan and American officials, though no official decision has yet been reached.

These developments come at a time when Venezuela's oil influence in global energy markets has clearly diminished, following years of economic sanctions and internal turmoil that have reduced its production to less than half of the levels recorded a decade ago. This decline is also attributed to the rise of new competitors and the increasing supply of shale oil, as well as the giant discoveries in Guyana and Brazil. 

 Economic observers believe that Caracas’s move to leave will reinforce concerns about the organization’s cohesion and its strategic ability to control and balance oil prices, especially as it comes in the wake of the UAE’s withdrawal months ago, and the escalating wave of criticism from other members, including Iraq, which puts the future of the “OPEC+” alliance to major tests. 

It is worth noting that Venezuela is one of the five founding members of OPEC, which was launched in Baghdad in 1960, and played a pivotal role in formulating and establishing the OPEC+ alliance with Russia in 2016.  link

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Tishwash:  Al-Zidi's cabinet is nearing completion; Parliament prepares to vote on nine ministerial portfolios.

Najat Al-Tai, a leader in the Al-Azm Alliance, confirmed on Saturday that the vote on the remaining ministerial portfolios in Ali Al-Zidi’s government will be decided during the next week or the week after at the latest, while she indicated that her alliance had submitted its candidates for two ministries that it was entitled to.

Al-Ta’i explained in her interview with Al-Ma’louma that “the recent meetings that brought together representatives of the important political parties in the Iraqi scene resulted in important agreements, most notably the agreement to proceed with the vote on nine ministerial portfolios in Ali Al-Zidi’s government,” expecting that “a session of the House of Representatives will be scheduled during the next week or the week after, and a vote will be held on the candidates for the nine ministries.”

She added that "the Al-Azm Alliance has submitted its candidates for the Ministries of Planning and Culture, as they are its entitlement," denying "the bloc's backtracking on its entitlement, as it is an agreement that was signed by all political parties during the consultations to form Ali Al-Zidi's government."

Al-Ta'i confirmed that "the coming days will be crucial in completing Ali al-Zaidi's cabinet and resolving the issue of the remaining ministerial portfolios."    link

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Tishwash:  Iraq Prepares for US-Led Coalition Withdrawal by September 30

At a Glance

The Iraqi government remains firm on completing the withdrawal of coalition forces by September 30, 2026.

The Kurdistan Region is urgently requesting advanced air defense systems to counter persistent drone and missile threats.

Coalition financial support for the Peshmerga will cease post-withdrawal, transitioning solely to training, logistics, and reform assistance.

A specialized federal committee has been formed to structure bilateral military coordination, with evacuated bases transferring to Peshmerga control.

In a statement, sources confirmed that federal and regional authorities are actively negotiating security arrangements ahead of the scheduled September 30 deadline for ending the coalition's military mission in Iraq.

Key Statements and Focus Area

Regional Security Demands: Kurdistan Region Interior Minister Rebar Ahmed emphasized that ongoing talks with Baghdad and Washington focus on securing advanced air defense systems to prevent security vacuums left by departing coalition assets.

Peshmerga Assistance Shifts: Former Peshmerga Ministry Secretary-General Jabar Yawar noted that while direct financial stipends will end after September 30, technical, logistical, and reform-oriented backing will persist.

Base Handovers: Joint Operations Command spokesperson Sabah Noman stated that Prime Minister Ali Zeidi ordered a specialized committee to oversee future relations, ensuring that military outposts vacated by coalition forces are handed over directly to the Peshmerga.

The transition marks a pivotal turning point in Iraq's defense posture, shifting from international coalition-led operations to bilateral security frameworks. Both federal and regional commanders continue to evaluate logistical requirements to maintain counter-terrorism readiness and airspace protection.

FYI

The US-led coalition has operated in Iraq since 2014 under an invitation from the Iraqi government to support military campaigns against ISIS. The upcoming 2026 transition represents a complete pivot toward bilateral defense cooperation, focusing on institutional reform, intelligence sharing, and specialized tactical training.  link

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

Tishwash:  Washington outlines its partnership with Baghdad: An Iraq free of terrorism and weapons in the hands of the state.

A spokesman for the US State Department confirmed on Sunday that Iraq has begun a new path under the leadership of Prime Minister Ali al-Zaidi, and in full partnership with the United States.

The ministry spokesman told Shafaq News Agency that "Washington, as emphasized by US President Donald Trump during his meeting with Prime Minister al-Zaidi on the historic visit on July 14, strongly supports the Iraqi government's vision for a better and brighter future for all Iraqis, free from terrorism."

He added that "the United States clearly supports efforts to prevent the execution or launching of any attacks from within or through Iraqi territory," noting that "proceeding with the process of controlling and restricting weapons to the state is a fundamental pillar for enhancing security and stability in Iraq."

The spokesman explained that "restricting weapons to the state would reduce the threats that armed factions and groups may pose, and create a stable security environment that would allow for building a strong and mutually beneficial partnership between Baghdad and Washington."

The issue of armed factions is one of the most sensitive issues facing the Iraqi government, with the approach of September 30, which the main political forces have set as the deadline for restricting weapons to official institutions.

The State Administration Coalition, which includes the most prominent Shiite, Sunni and Kurdish political forces, stressed during its meeting on August 5 the need to restrict weapons to the state, and considered the parties that carry out activities that threaten the security of the country outside the framework of official institutions as “outlaws and must be fought.”

The coalition warned that any armed activity outside the framework of the state after September 30 would be dealt with according to the anti-terrorism law.

Following this, Iraqi security and military forces raised their readiness level throughout the country, and the leave of a number of commanders and officers was cancelled, while security agencies began implementing field movements and exercises in anticipation of any emergency or friction that might develop into an armed confrontation.

Last week, Baghdad witnessed hours of security tension coinciding with threats by armed factions to retaliate against Saudi Arabia after strikes targeted Popular Mobilization Forces sites, before it ended with contacts and a dawn meeting between Prime Minister Ali Faleh al-Zubaidi and Badr Organization leader Hadi al-Amiri, which led to a mutual calming and opened the way for diplomatic action to address the crisis.

Al-Amiri later called on the "Islamic Resistance" factions to postpone any military response against Saudi Arabia and to prioritize "Iraq's higher interest," but he returned and stressed during a meeting with a number of Popular Mobilization Forces leaders the importance of maintaining a high level of readiness.

The plan to restrict weapons does not have a unified stance from the armed factions.

While some forces expressed a willingness to reorganize their military and security relationship with the state, other factions, including Kataib Hezbollah, Harakat al-Nujaba and Kataib Sayyid al-Shuhada, announced their refusal to relinquish their military capabilities, and linked any discussion about their weapons to the end of the presence of foreign forces and ensuring the protection of Iraq from external attacks.

September 30th also coincides with the deadlines related to ending the international coalition's military presence in Iraq, which some factions use as a basis   forlinking the future of their weapons to the withdrawal of foreign forces.  link

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

Tishwash:  Iraq Orders Seizure of Assets Belonging to 12 MPs and Former PM Adviser

The Central Bank of Iraq (CBI) announced on Saturday that a court has ordered the seizure of the movable and immovable assets of 12 members of parliament and an adviser to the former Iraqi prime minister in connection with corruption investigations.

In a letter sent to state-owned and private banks and reviewed by PUKMEDIA, the bank said the Karkh Investigation Court, which handles integrity cases, issued the order on 27 August 2026.

The order requires banks to freeze the accounts, funds and shares belonging to those named in the decision and to prohibit any financial transactions involving them.

The individuals named in the order include MPs Alia Nassif Jassim al-Obeidi, Muthanna Abdul Samad al-Samarrai, Ashwaq Salem al-Jubouri, Bahaa Nouri Mohammed, Hind Mohammed Saleh al-Abbasi, Mudhar Maan Saleh, Ziad Tariq al-Janabi, Abdul Rahman Hassan Khalid and Mohammed Farman al-Jubouri.

The list also includes former MPs Bushra Rajab al-Qaisi and Mohammed Saadoun al-Sudani, as well as Ibrahim Mohammed Abbas, an adviser to the former prime minister.

The Ministry of Finance has instructed relevant ministries and government departments, including the Ministries of Commerce, Industry and Agriculture, as well as the Real Estate Registration, Traffic and Taxation authorities, to take the necessary measures to implement the court order and freeze the assets of those named.

The decision follows a large-scale security operation, dubbed “Operation Dawn”, launched in the early hours of 28 June 2026. According to statements issued by the relevant authorities at the time, the operation resulted in the arrest of several individuals named in the case over alleged corruption-related offences.

Iraq launched an aggressive, high-profile anti-corruption campaign dubbed Operation Dawn (Sawlat Al-Fajr) under Prime Minister Ali al-Zaidi. The sweeping drive has targeted senior government officials, lawmakers, and business figures, resulting in the recovery of over $300 million in hidden cash and hundreds of kilograms of gold.

Iraqi authorities have recovered over 295 billion Iraqi dinars, $44.9 million and 484 kilograms of gold in connection with the corruption investigation involving Adnan al-Jumaili. Authorities have also seized commercial properties, flour mills, transport trucks, vehicles and other assets linked to the case.

The latest seizure is part of one of Iraq’s largest corruption investigations in recent years. Al-Jumaili previously served as the Oil Ministry’s undersecretary for refining affairs and as general manager of the North Refineries Company, which oversees the Baiji refinery. He was removed as head of the North Refineries Company in late May and replaced by Qusay Khalaf.

Iraqi security forces arrested al-Jumaili on 30 May near al-Ishaqi in Saladin province, shortly after his removal from the refinery post and days after Prime Minister Ali al-Zaidi ordered a broad review of government contracts signed under previous administrations. Around $11 million was reportedly found in his possession at the time of his arrest.

Investigators subsequently reported a series of additional seizures linked to the case. In early July, authorities said they had recovered more than 100 billion Iraqi dinars, tens of millions of dollars, gold, property and dozens of vehicles. Some of the assets were reportedly concealed inside plastic water bottles and the walls of properties linked to al-Jumaili in Tikrit. By July 6, the Supreme Judicial Council said the total value of funds seized in the case had reached $121 million.

On 13 July, the Supreme Judicial Council announced the recovery of 358 kilograms of gold directly linked to the al-Jumaili case, in coordination with the Kurdistan Region and under the supervision of Council Chief Justice Faiq Zaidan. A further 17 kilograms was seized the same day in a related but separate investigation, bringing the total recovered that day to 375 kilograms.

Separately, an investigative court specialising in integrity cases in Nineveh ordered the seizure of nine commercial properties, three flour mills and seven transport trucks in Mosul in connection with the investigation. Further seizures, including around 25 billion Iraqi dinars as well as additional gold and cash, were reported in mid and late July. link

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Sunday 8-30-2026

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Sun. 30 Aug. 2026

Compiled Sun. 30 Aug. 2026 12:01 am EST by Judy Byington

Judy Note: As a World we have been connected by a Global Financial System – that since at least 1871 has been ruled by Deep state Elites who have kept us in debt to do their bidding.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Sun. 30 Aug. 2026

Compiled Sun. 30 Aug. 2026 12:01 am EST by Judy Byington

Judy Note: As a World we have been connected by a Global Financial System – that since at least 1871 has been ruled by Deep state Elites who have kept us in debt to do their bidding.

As of Tues. 1 Sept. 2026 that all (allegedly) changes due to President Trump, the BRICS Nations Alliance representing 209 countries and the Global Military Alliance of nine nations.

The Quantum Financial System Global Currency Reset was being activated with at least 144 countries currencies now gold/asset-backed and trading at a 1:1 with each other. NESARA/GESARA Freedom From Debt Laws were also (allegedly) in the process of implementation across the World.

At any moment Tier4a,b, (the general public who invested in the GCR and followed it’s progress through the Internet) will receive notification to make currency exchange and Zim Bond redemption appointments. Bondholders in Tiers 1 and 2 have (allegedly) already been paid, hidden under iron-clad NDAs. The dam was cracking. The flood was ready.

On Fri. 6 Sept. Nations of the BRICS Alliance were scheduled to unveil this gold/asset-backed Global Currency Reset of 209 nations. The fiat US Petrodollar that has been used by the Cabal to keep the World in debt since 1913, was set to automatically collapse.

By Wed-Thurs. 18, 19 Sept. 2026 the fiat Global Financial System was set to be disintegrated, while the new Quantum Financial System was scheduled to arise.

~~~~~~~~~~~~~~

The time has (allegedly) arrived Tier4b ISO20022 EXECUTION PHASE FINAL ALERT, SIGNAL WINDOW OPEN THE STORM IS UPON US. [TODAY], NOT SOMEDAY. NOT A RUMOR. NOT A DRILL. GREEN LIGHT — 11:11 …JFK 17 Letters Awakening on Telegram Sat. 29 Aug. 2026

THIS IS NOT AN ANNOUNCEMENT PHASE. THIS IS EXECUTION PHASE. THE OLD SYSTEM DOESN’T FALL WITH NOISE. IT FALLS WITH SILENCE.

ISO 20022 RAILS ACTIVATING
TIER 4B POSITIONING LIVE
LEGACY FINANCE UNDER EXTREME PRESSURE

WHEN THE WORLD FINALLY LOOKS UP, THE RESET WILL ALREADY BE COMPLETE. THIS IS HOW HISTORY TURNS. QUIETLY. PRECISELY. IRREVERSIBLY.

Read full post here:  https://dinarchronicles.com/2026/08/30/restored-republic-via-a-gcr-update-as-of-august-30-2026/

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

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

Jeff   Question: "What exactly do I do when this pops?"  Jeff:  Go to the bank and exchange. 

Reset Intelligence  The redenomination of the Iraqi dinar (IQD) is the most common fear in the dinar community, and the fear...runs like this. Iraq deletes the zeros and forces every note through a 1,000-to-1 swap.  The foreign holder who waited 20 years...walks out with a fraction of what he held...Iraq is not running this entire process to make its money worth less...The whole design points one way, and that way is up...Deleting the zeros changes the face of the money, not what it buys. A 25,000 dinar note becomes a 25 note, prices drop the same 3 zeros, and purchasing power walks across intact. It is domestic housekeeping. Iraq pulls its own street cash through licensed counters, exchanges old notes for replacement notes or an electronic balance, and destroys what comes back. [Post 1 of 2]

Reset Intelligence  That swap at home [in Iraq] is one door, and it was built for one crowd: the trillions of dinar sitting in Iraqi mattresses, market stalls and shop tills...It cleans the circulation, pays nobody a premium, and was never meant to...A foreign holder was never in that queue. Your notes sit on a different line entirely...A banknote is bearer paper... payable to the face of the note...When the redemption side of this event runs, 3-zero notes held abroad are honored at face value, priced at the revaluation rate...and settled through the international banking layer rather than through a teller window in Baghdad or the CBI... the exchange that reaches a holder abroad is the revaluation, not the zeros. [Post 2 of 2]

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

Major Iraq Update: ASYCUDA Deadline, Florida Tax Cuts & Market Signals

Jon Dowling and Chris Real World: 8-29-2026

https://www.youtube.com/watch?v=XT3cgJe8W58&t=107s


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