Seeds of Wisdom RV and Economics Updates Tuesday Evening 3-17-26

Good Evening Dinar Recaps,

Gold Surge Signals Flight From Fiat as Global Uncertainty Intensifies

Safe-haven demand accelerates amid war, inflation fears, and financial system stress

Overview (Key Points)

Gold prices have surged sharply in the last 24 hours, signaling a major shift in investor behavior toward safe-haven assets. 

As geopolitical tensions escalate and inflation risks rise, investors are increasingly moving capital out of risk assets and into gold, a traditional store of value during times of crisis.

The rally reflects growing concerns about currency stability, global debt levels, and the long-term reliability of fiat-based financial systems.

Because gold historically acts as a hedge against inflation and monetary instability, its rapid rise is often viewed as an early warning signal of deeper financial stress.

Key Developments

1. Gold Prices Climb on Safe-Haven Demand

Gold prices moved higher as investors reacted to:

• Escalating Middle East conflict

• Rising oil-driven inflation fears

• Volatility in global markets

According to Reuters, safe-haven demand increased as uncertainty surrounding global economic conditions intensified.

This shift indicates that investors are prioritizing capital preservation over growth, a classic sign of risk-off sentiment.

2. Inflation Fears Drive Precious Metals Higher

Rising energy prices linked to geopolitical tensions are feeding into renewed inflation concerns.

Gold tends to perform well when:

• Inflation expectations rise

• Real interest rates remain uncertain

• Currency purchasing power declines

As inflation risks re-emerge, gold is regaining its role as a monetary hedge.

3. Central Bank Buying Supports the Trend

Central banks—particularly in emerging markets—have continued to increase gold reserves in recent months.

This trend reflects:

• Diversification away from the U.S. dollar

• Long-term concerns about currency stability

• Preparation for potential financial system shifts

The recent price surge suggests that institutional demand is reinforcing retail and investor flows into gold.

4. Currency Volatility Adds Momentum

Fluctuations in major currencies have also supported gold’s rise.

When currencies weaken or become unstable:

• Investors often move into hard assets

• Gold becomes a neutral store of value

• Cross-border capital flows increase

This dynamic reinforces gold’s role as a global financial anchor during uncertainty.

5. Markets Signal Broader Financial Stress

The move into gold is not happening in isolation.

It is occurring alongside:

• Volatility in equities

• Uncertainty in bond markets

• Rising geopolitical risks

Together, these signals suggest a broader shift in market psychology toward caution and capital protection.

Why It Matters

Gold is often seen as a barometer of trust in the financial system.

When gold rises sharply, it can indicate:

• Declining confidence in fiat currencies

• Rising inflation expectations

• Increased systemic risk

As a result, gold movements are closely watched for signs of deeper financial instability.

Why It Matters to Foreign Currency Holders

Gold strength can signal weakness or instability in fiat currencies.

For currency holders, this may indicate:

• Shifting global demand away from paper assets

• Potential currency devaluation risks

• Changes in reserve management strategies

These dynamics often play a role in long-term monetary system transitions.

Implications for the Global Reset

• Pillar 1: Return to Hard Assets

The renewed demand for gold suggests a growing preference for tangible stores of value in uncertain times.

This trend could influence:

• Reserve diversification

• Monetary policy frameworks

• Long-term financial system design

• Pillar 2: Erosion of Fiat Confidence

As investors seek alternatives to fiat currencies, confidence in traditional monetary systems may gradually weaken.

This shift can accelerate discussions around:

• Alternative reserve assets

• Digital currencies

• New financial architectures

Conclusion

The surge in gold prices highlights a critical shift in global financial sentiment.

As geopolitical tensions, inflation risks, and economic uncertainty rise, investors are turning to safe-haven assets to protect capital.

Gold’s strength is more than a market move—it is a signal of deeper concerns about the stability of the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Gold rises as safe-haven demand grows amid geopolitical tensions"

• CNBC — "Gold prices climb as investors seek safety during market volatility"

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Global Shipping Risk Surge Threatens Trade System as War Pressures Key Routes

Rising insurance costs and rerouted cargo signal strain on global supply chains

Overview (Key Points)

Global trade is facing renewed disruption as shipping risks surge due to escalating conflict in the Middle East.

The threat to critical maritime routes—especially near the Strait of Hormuz—is forcing shipping companies to reroute vessels, increase security measures, and absorb rising insurance costs.

These disruptions are driving up the cost of transporting goods worldwide, adding inflationary pressure and straining global supply chains.

Because global trade relies heavily on efficient shipping networks, any disruption in key corridors can quickly cascade into broader economic instability.

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Key Developments

1. Shipping Costs Rise as Risk Premiums Increase

Insurance premiums for vessels operating in high-risk areas have surged.

According to Reuters, shipping companies are now paying significantly more to operate in regions affected by geopolitical tension.

Higher insurance costs translate directly into:

• More expensive shipping

• Higher prices for goods

• Increased pressure on global supply chains

2. Key Trade Routes Face Disruption

The Strait of Hormuz remains one of the most critical chokepoints for global trade.

Any disruption in this region affects:

• Oil shipments

• Liquefied natural gas flows

• Broader cargo transport

Shipping firms are already adjusting routes to avoid risk, leading to delays and increased transit times.

3. Supply Chains Under Renewed Stress

Global supply chains, still recovering from previous disruptions, are facing new pressure from rising transport costs and delays.

Industries impacted include:

• Manufacturing

• Energy

• Agriculture

• Retail

These disruptions can quickly lead to inventory shortages and price increases.

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4. Inflation Risks Rise Again

As shipping costs increase, businesses pass those costs on to consumers.

This creates:

• Higher prices for goods

• Renewed inflation pressure

• Challenges for central banks

The situation complicates efforts to stabilize inflation after recent economic turbulence.

5. Trade Uncertainty Impacts Global Growth

Uncertainty in shipping routes and logistics networks can cause:

• Businesses to delay investments

• Companies to hold higher inventory levels

• Slower global trade growth

These factors collectively act as a drag on economic expansion.

Why It Matters

Global trade is the backbone of the modern economy.

Disruptions in shipping can:

• Increase costs across industries

• Slow economic growth

• Trigger inflation

• Destabilize supply chains

Because trade connects economies worldwide, localized disruptions can quickly become global economic challenges.

Why It Matters to Foreign Currency Holders

Trade disruptions can significantly impact currency markets and capital flows.

Countries dependent on imports may see:

• Currency weakening

• Trade imbalances widening

• Inflation rising

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Meanwhile, exporters of key commodities may experience temporary economic advantages.

Implications for the Global Reset

• Pillar 1: Fragility of Global Trade Infrastructure

The current disruptions highlight how vulnerable global trade systems are to geopolitical conflict.

This may accelerate efforts to:

• Diversify supply chains

• Regionalize trade networks

• Reduce dependence on critical chokepoints

• Pillar 2: Inflation and Systemic Pressure

Rising shipping costs contribute to persistent inflation, which can reshape:

• Monetary policy

• Consumer behavior

• Economic growth patterns

These pressures play a role in broader financial system adjustments.

Conclusion

The surge in global shipping risk underscores how geopolitical conflict can disrupt the foundations of international trade.

As costs rise and routes are adjusted, the effects are being felt across supply chains, industries, and economies worldwide.

In a tightly connected global system, disruptions in trade corridors quickly translate into financial and economic instability.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Shipping costs surge as Middle East tensions disrupt key trade routes"

• Lloyd’s List — "War risk premiums spike for vessels in Gulf region"

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Iraq Economic News and Points To Ponder Tuesday Evening 3-17-26

The Coordination Framework Is Under Pressure... The Financial File Is Becoming An American Bargaining Chip In Baghdad

March 17, 2026Last updated: March 17, 2026  The Independent – Pressure is mounting on the coordination framework as the impact of US measures related to financial oversight and transfer channels widens, at a time when the financial file has emerged as one of the most effective tools of influence in Washington's relationship with Baghdad.

Instead of direct political messages, compliance tools, financial audits, and controls on dollar transactions are being employed, imposing a new reality on the Iraqi economy and presenting the government and ruling powers with a difficult test regarding reforming the banking system and closing loopholes for manipulation.

According to banking analysts, the increased scrutiny of dollar-related transfers, coupled with stricter compliance requirements, has impacted the local market by slowing down some channels and raising transfer and trade costs.

This has contributed to widening the gap between the official and market exchange rates at certain times, creating opportunities for intermediaries and networks to exploit the imbalances.

 Financial sources confirm that the root of the problem lies not only in external restrictions but also in chronic internal deficiencies in invoice auditing, import financing, and transfer oversight. These shortcomings have placed Iraq in the "high-risk" category according to international financial institutions.

Politically, this financial pressure translates into direct influence on Baghdad's delicate balances, as any further tightening or expansion of scrutiny could quickly impact the market, imports, and prices.

This places the government under socio-economic pressure inextricably linked to its political legitimacy. In this context, observers believe the coordination framework finds itself in a precarious position: on the one hand, it upholds the rhetoric of sovereignty and rejects dictates, while on the other, it faces the reality that the Iraqi economy is deeply intertwined with international financial channels that cannot be circumvented, and that any failure to comply translates immediately into tangible costs domestically.

Economic assessments suggest that Washington is using the "language of money" to mitigate the risks of dollar smuggling or its use to circumvent sanctions. Critics of this approach, however, argue that it is effectively becoming an undeclared tool of political pressure, reshaping the rules of the game within Iraq.

Between these two interpretations, one thing remains certain: the financial sphere has become an arena of silent conflict, where messages are conveyed more through audits and compliance procedures than through public statements.

The issue is further complicated by rumors circulating in banking circles that some of the problems stem from front companies, inflated import invoices, and unregulated transfers—practices that undermine confidence in local banks and provide external entities with justification for stricter oversight. ‘

Meanwhile, accusations circulating in the political arena regarding the involvement of influential figures or "cover-ups" within this case remain largely unsubstantiated and lack legal basis. Bankers, however, insist that the solution begins with establishing a local auditing system capable of mitigating risks and restoring the credibility of Iraqi financial institutions.

According to observers, continuing the pressure in this manner opens up two paths for Baghdad, both of which are bitter: either to embark on real and rapid banking reforms that include compliance, governance, tightening control over trade finance and perhaps restructuring weak banks, or to remain in a cycle of attrition where crises recur with every wave of scrutiny and tightening, which deepens market instability, increases the cost of imports and weakens investor confidence.

Ultimately, the financial file is no longer a technical detail pertaining solely to the central bank and commercial banks; it has become an arena where politics, economics, and influence intersect. With each new regulatory measure, a conviction grows stronger in Baghdad that the test for the government and ruling powers is no longer limited to managing alliances, but extends to their ability to safeguard financial stability through genuine reforms that reduce loopholes and prevent the dollar and compliance from becoming permanent tools of pressure wielded by foreign powers.   https://mustaqila.com/الإطار-التنسيقي-تحت-الضغط/

Masrour Barzani Announces The Resumption Of Oil Exports Via The Kurdistan Region Pipeline

2026-03-17 Shafaq News – Erbil   The Prime Minister of the Kurdistan Region, Masrour Barzani, revealed on Tuesday evening that oil exports via the Kurdish pipeline to Turkey have resumed, while noting that talks are ongoing with Baghdad to address the problem of import restrictions imposed on the region.

Barzani said in a statement received by Shafaq News Agency, “Given the exceptional circumstances surrounding the country, and based on the shared responsibility that compels us to overcome this difficult juncture, we have decided to allow the export of oil through the Kurdistan Region pipeline as soon as possible.”

He added: “In parallel, our discussions with Baghdad will continue to urgently lift restrictions on imports and trade to the region, and to provide the necessary guarantees to oil and gas companies to ensure they can resume production in a safe environment.”

Earlier today, Barzani said in a speech followed by Shafaq News Agency, “The region is going through a war that we did not start and we cannot stop, but we will try and do all our efforts to ensure that the Kurdistan Region is safe,” noting that this war has affected the region directly and indirectly.

He pointed out that the region supports oil exports, explaining that what is exported from Kurdistan amounts to about 230,000 barrels per day and will not exceed half a million barrels, compared to larger quantities exported by the federal government.

He pointed out that the regional government does not oppose exports, but demands guarantees for oil production in its fields that were damaged as a result of the attacks, calling on Baghdad to stop the targeting of oil fields.

He also demanded the payment of financial dues and salaries of the region's employees, stressing that the Kurdistan government is seeking to find a mechanism to resolve the disputes, and has submitted a proposal to hold meetings with the federal government to end the crisis.

Regarding the ASYCUDE system for linking border crossings, Barzani confirmed the region’s approval of its adoption, while requesting a two-month grace period for its implementation, noting the need to grant sufficient time for its implementation without taking action against traders. https://www.shafaq.com/ar/كوردســتانيات/مسرور-بارزاني-يعلن-است-ناف-تصدير-النفط-عبر-نبوب-قليم-كوردستان-قريبا

 Customs Clarifies The "ASYCUDA" System And Confirms Its Readiness To Implement It At The Region's Ports Of Entry.

Economy |  17/03/2026   Mawazin News - Baghdad    The General Authority of Customs issued an official clarification today regarding statements attributed to the Prime Minister of the Kurdistan Region, Masrour Barzani, concerning the ASYCUDA system.

The Authority presented a number of technical and organizational facts based on official events and meetings. It affirmed that the ASYCUDA system is fully implemented at federal ports of entry and has contributed to enhancing transparency, standardizing procedures, increasing revenue, and strengthening oversight.

The Authority  explained that the proposal to implement the system at ports of entry in the Kurdistan Region was put forward more than a year and a half ago, but has not yet been formally accepted, with some relevant parties expressing reservations.

It added that Iraq possesses qualified personnel and that the Authority is fully prepared to implement the system at the region's ports of entry within 24 hours via electronic linking.

The Authority indicated that the suggestion of granting a grace period of up to nine months is "technically unjustified" given the availability of the necessary infrastructure and expertise.

It clarified that the implementation of the ASYCUDA system aims to unify customs policy, facilitate legitimate trade, and reduce smuggling and money laundering.

Regarding demands for an independent copy or backup access to the system, the Authority stressed that this violates the constitution and technical standards, and could threaten data integrity and the unity of the central system.

The Authority concluded by affirming that unifying the customs system is a national imperative, with the necessary technical and human resources ready for immediate implementation, which will contribute to strengthening confidence in the national economy.   https://www.mawazin.net/Details.aspx?jimare=275451

Masrour Barzani Affirms The Region's Readiness To Confront Crises And Calls For The Resumption Of Oil Exports With Genuine Guarantees

 latest news   Tuesday, March 17, 2026   Kurdistan – One News    On Tuesday afternoon (March 17, 2026), the Prime Minister of the Kurdistan Region, Masrour Barzani, held a meeting with the Crisis and Disaster Management Operations Room at the Erbil Governorate building.

 At the beginning of the meeting, Erbil Governor Omid Khoshnaw gave a briefing on the progress of work, activities and proactive measures taken by the chamber, which includes in its membership the relevant service departments and security agencies.

 For his part, Masrour Barzani expressed his thanks and appreciation to the operations room and all relevant departments and authorities for their tireless efforts and continuous preparations to perform their duties in providing the necessary support and maintaining the security and safety of citizens in Erbil and the Kurdistan Region in general.

The Prime Minister of the Kurdistan Region directed officials to fully assume their responsibilities and prevent any crises or failures in the service sector.

He also sent a message of reassurance to the people of Kurdistan, stressing that the government is doing its utmost to protect citizens and the region from the repercussions of the wars and conflicts taking place in the region.

He reiterated that: “Despite the blatant targeting and attacks on oil and gas fields and refineries by outlaw groups, the government has spared no effort in finding solutions to address the electricity crisis.”

 Following the meeting, Masrour Barzani held a press conference, during which he answered questions and inquiries from journalists.

He stressed the region’s position, saying: “We in the Kurdistan Region are more keen than any other party to protect the economy and secure the salaries and livelihoods of citizens, and today we reaffirm our full support for the resumption of oil exports; the region has never been an obstacle, and all we ask for is the provision of real guarantees that allow us to export oil from our fields as well.”

 He added: “Baghdad itself initiated, several years ago, the suspension of Kurdistan Region oil exports through resorting to the courts, and therefore the region does not bear the burden of this suspension.

Although the quantities of oil exported through the region are limited and cannot compensate for the total Iraqi exports, we express our full readiness to cooperate and coordinate with the federal government to resume exports.”

 When asked about the issue of the ASYCUDA system, he explained: “The Kurdistan Region has never rejected the application of the ASYCUDA system.

Rather, our request was limited to granting us a time limit to complete the procedures and preparations for its application in the region, especially in light of the difficult economic and trade conditions we are currently experiencing, which have resulted in a sharp decline in trade activity.”  https://1news-iq.net/مسرور-بارزاني-يؤكد-جاهزية-الإقليم-لمو/

A $10.5 Billion Deal To Create A Giant Storage Entity In America

Money and Business     Economy News — Follow-up   Public Storage, the American storage services company, announced its agreement to acquire National Storage Affiliates in a deal valued at $10.5 billion, to be paid for entirely in stock, to create a company that owns storage space with a total area of ​​327 million square feet in approximately 4,600 locations in the United States.

The proposed deal would create an entity with a market value of $57 billion, operating storage spaces that, if combined in one location, would be equivalent to the size of a small city like Cupertino, California, or Chapel Hill, North Carolina.

Public Sturridge explained that it is seeking to expand its presence in areas such as the "Sun Belt" and other regions expected to experience population growth, according to the Associated Press.

If the deal is approved, the largest and fourth largest companies in the US self-storage sector will be merged, while the second and third largest companies in terms of market value are ExtraSpace Storage and CubeSmart.

Public Sturridge, headquartered in Glendale, California, announced earlier this year its intention to move its headquarters to Frisco, Texas, near Dallas. National Sturridge is headquartered in Greenwood Village, Colorado, a suburb of Denver.

Investors who own common stock and operating partnership units in National Sturridge will receive 0.14 shares of Public Sturridge stock or partnership units for each share or unit they own in National Sturridge, which is equivalent to $41.68 per share of Public Sturridge stock.

The deal, which has been approved by the boards of directors of both companies, is expected to be completed during the third quarter of this year, but still requires approval from National Sturridge shareholders and regulators before it can be finalized.   https://www.economy-news.net/content.php?id=66850

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 3-17-26

Good Afternoon Dinar Recaps,

PayPal Expands Stablecoin to 70 Countries, Accelerating Global Payment Transformation

PYUSD rollout signals a major shift toward digital dollar adoption and lower-cost cross-border payments worldwide.

Overview

PayPal has significantly expanded its U.S. dollar-backed stablecoin, PayPal USD, to users in 70 countries, marking one of the most aggressive moves yet by a major financial company into global digital currency infrastructure.

The expansion extends access far beyond its initial rollout in the United States and United Kingdom, enabling users across Asia-Pacific, Europe, Latin America, and Africa to send, receive, and hold digital dollars directly within their PayPal accounts.

The move is designed to reduce cross-border payment costs, improve access to U.S. dollar liquidity, and integrate more users into the global financial system.

Key Developments

1.PYUSD Expands to 70 Countries Worldwide

PayPal’s latest rollout adds 68 new markets, bringing total availability to 70 countries globally.

Users in these regions can now:

• Send and receive PYUSD instantly across borders• Hold balances in U.S. dollars digitally• Transfer funds to external crypto wallets

This marks a major shift from previous limitations, where users in many countries were forced to convert funds into local currencies or immediately withdraw to bank accounts.

2.Lower Fees and Faster Cross-Border Payments

The expansion directly targets one of the biggest inefficiencies in global finance: expensive and slow international money transfers.

With PYUSD:

• Users can bypass traditional banking intermediaries• Reduce foreign exchange and transfer fees• Access near-instant settlement of funds

In countries where users previously faced restrictions — such as being unable to hold balances in PayPal accounts — PYUSD introduces a “balance-type” system that allows users to retain and manage digital dollars directly.

3.Stablecoin Rewards Introduced

PayPal is also introducing rewards for holding PYUSD balances, effectively turning the stablecoin into a yield-generating digital account.

This creates:

• A new incentive structure for users to hold digital dollars• Increased adoption of stablecoin-based financial activity• Competition with traditional savings and remittance systems

4.Backed by Regulated Infrastructure

PYUSD is issued by Paxos Trust Company, a regulated financial institution, while PayPal handles distribution and user access.

The stablecoin has grown rapidly:

• Market cap expanded from ~$500 million to over $4 billion• Now ranks among the top global USD-pegged stablecoins

This growth reflects rising demand for digital dollar alternatives in global payments and settlements.

Why This Matters

This expansion represents a major milestone in the evolution of global payment systems.

Stablecoins like PYUSD are increasingly being used to:

• Move money across borders instantly• Bypass traditional banking rails• Provide dollar access in underserved regions

Unlike speculative cryptocurrencies, stablecoins are pegged to fiat currencies, making them practical tools for everyday financial transactions.

PayPal’s scale — with hundreds of millions of users — means this rollout could accelerate mainstream adoption of digital currency infrastructure faster than many government-led initiatives.

Why It Matters to Foreign Currency Holders

For individuals and businesses outside the U.S., PYUSD offers:

• Direct access to U.S. dollar liquidity• Protection against local currency volatility• Lower-cost international transfers

This is especially significant in regions where:

• Banking systems are limited
• Currency instability is high
• Cross-border payments are expensive

Stablecoins effectively allow users to hold and transact in dollars without needing a U.S. bank account.

Implications for the Global Reset

The expansion of PYUSD highlights a critical shift in the global financial system:

Private companies are building parallel digital payment rails alongside traditional banking systems.

Key structural trends emerging:

1. Digital Dollar ExpansionStablecoins are extending the reach of the U.S. dollar globally in digital form.

2. Payment System TransformationCross-border transactions are moving away from slow, costly legacy systems toward instant blockchain-based settlement.

3. Financial Inclusion Through TechnologyMillions of users can now access global financial tools without relying on traditional banking infrastructure.

As adoption grows, stablecoins could play a central role in reshaping how money moves globally, influencing everything from remittances to international trade settlement.

This is not just a fintech upgrade — it is a foundational shift in how global money flows are being rebuilt.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Cointelegraph — “PayPal expands PYUSD stablecoin to 70 countries”

• Fortune — “PayPal pushes global expansion of its PYUSD stablecoin”

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Rising War Costs and BRICS Momentum Fuel Debate Over Dollar Dominance

Escalating U.S. deficit spending and expanding BRICS financial infrastructure are intensifying questions about the future of the global monetary system.

Overview

The growing cost of the Iran conflict is placing new strain on U.S. finances while accelerating global discussions around alternatives to the U.S. dollar.

Estimates suggest the U.S. is spending between $800 million and $2 billion per day on military operations, adding pressure to an already elevated deficit. At the same time, BRICS nations are advancing financial systems designed to reduce reliance on the dollar, including alternative payment rails and proposals for a new settlement unit.

This convergence of rising debt, geopolitical conflict, and alternative financial infrastructure is fueling one of the most important debates in global finance: whether the dollar’s dominance is beginning to erode.

Key Developments

1.War Spending Adds Pressure to U.S. Fiscal Stability

The financial burden of the conflict is rapidly increasing:

• Estimates range from $800 million to $2 billion per day in military spending
• Early operations reportedly cost $6 billion in the first week• Total costs could reach tens of billions of dollars if the conflict continues

This level of spending is contributing to higher deficits at a time when the U.S. is already managing significant debt levels, raising concerns among policymakers and market participants.

2.Bond Markets React to Rising Deficits

Financial markets are beginning to reflect these pressures.

The 30-year U.S. Treasury yield climbed near 4.9%, signaling:

• Investor concern over rising government borrowing• Expectations of higher inflation tied to war and energy prices• Questions about long-term fiscal sustainability

Higher yields increase borrowing costs across the economy, potentially impacting housing, business investment, and government financing.

3.BRICS Expands Alternative Financial Infrastructure

At the same time, BRICS nations are actively developing systems designed to bypass traditional Western financial networks.

Key developments include:

• Increased use of local currencies in bilateral trade between major members like China and Russia• Expansion of China’s Cross-Border Interbank Payment System, connecting thousands of banks globally
• Growth of central bank digital currency platforms such as mBridge

These systems are designed to reduce dependence on SWIFT and the U.S. dollar for international transactions.

4.Proposed BRICS Settlement Unit Gains Attention

The idea of a BRICS-linked settlement unit backed by a mix of gold and member currencies is gaining renewed attention amid current conditions.

While still in the conceptual or early development stage, such a system would aim to:

• Facilitate cross-border trade outside the dollar system• Provide an alternative store of value tied to commodities and currencies• Support long-term de-dollarization strategies

Though a full transition remains unlikely in the near term, the infrastructure supporting such a shift is steadily expanding.

Why This Matters

The global financial system is built on confidence in sovereign currencies, particularly the U.S. dollar.

However, several converging factors are now testing that framework:

• Rising U.S. debt and deficit spending• Geopolitical conflict driving fiscal expansion• Emergence of alternative payment and settlement systems

While the dollar remains dominant, these pressures could gradually reshape global financial flows over time.

Why It Matters to Foreign Currency Holders

Changes in the global monetary system can directly affect:

• Currency values and exchange rates• Global trade settlement practices• Reserve asset allocation by central banks

If alternative systems gain traction, countries may increasingly:

• Diversify reserves into gold and non-dollar assets• Conduct trade in local or regional currencies• Reduce exposure to U.S.-centric financial infrastructure

However, during periods of uncertainty, the dollar often retains strong demand as a safe-haven asset, creating a complex dynamic between short-term strength and long-term structural shifts.

Implications for the Global Reset

The current environment highlights a key transition phase in global finance:

The system is not collapsing — it is evolving.

Three major forces are shaping this evolution:

1. Fiscal Pressure on Major EconomiesRising debt levels and war spending are testing traditional monetary stability.

2. Expansion of Alternative Payment SystemsBRICS and other nations are building infrastructure that allows trade outside legacy systems.

3. Gradual Diversification of Global ReservesCentral banks are increasingly exploring alternatives to dollar concentration.

Rather than a sudden shift, the global system appears to be moving toward a more multipolar financial structure, where multiple currencies and systems coexist.

This is not an overnight replacement of the dollar — it is a gradual rebalancing of global financial power.

Sources

• Watcher.Guru — “BRICS Unit Could Replace Dollar as US Burns $2B A Day on Iran War”

• Reuters — “U.S. Treasury yields rise amid deficit concerns and geopolitical tensions”

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“Tidbits From TNT” Tuesday 3-17-2026

TNT:

Tishwash:  US allows Iranian oil tankers through Strait of Hormuz to maintain global supply: Treasury secretary

The US is allowing Iranian oil tankers to transit the Strait of Hormuz in order to maintain global oil supplies, Treasury Secretary Scott Bessent said Monday, Anadolu reports.

“The Iranian ships have been getting out already, and we’ve let that happen to supply the rest of the world,” Bessent told CNBC, adding that tankers supplying India had already made the crossing and that some Chinese vessels were also believed to be getting through.

Bessent said the administration expected tanker traffic through the strait to increase further before the US Navy and allied forces begin escorting commercial ships through the waterway.

The Strait of Hormuz has been effectively closed to regular commercial shipping since early March amid Iranian retaliatory strikes as US-Israeli strikes continue.

Around 20 million barrels of oil pass through the waterway daily, and disruptions have pushed global oil prices up, raising concerns about energy supplies and food prices. link

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Tishwash: Agreement to postpone government formation: "cautious waiting" and a temporary government until the war ends

Well-informed political sources revealed on Tuesday (March 17, 2026) that there is what they described as a "near agreement" among major political forces to postpone the completion of procedures for forming the new Iraqi government until the course and repercussions of the ongoing military conflict between Iran, the United States, and Israel become clear, amid growing fears of the repercussions of regional escalation on the Iraqi interior.

Sources told Baghdad Today that “unannounced consultations took place during the past few days between the leaders of prominent political blocs, which concluded that it is necessary to adopt a policy of cautious waiting, in order to avoid forming a government that may face complex security and economic challenges in the event of an expansion of the scope of military confrontation in the region.”

She explained that “a number of political parties believe that the current stage requires a transitional government with limited powers or a continuation of temporary caretaker government until the regional scene stabilizes, especially with the possibility of Iraq being directly affected by military developments due to its geographical location and the entanglement of its political and economic interests with the parties to the conflict.”

The sources added that "internal disputes have not been fully resolved yet, but the regional factor has become an additional pressure that has prompted some forces to reassess their political priorities and focus on maintaining security stability and avoiding political division during the period of tension."

While the region is ablaze with cross-border conflicts and escalating regional tensions, the Iraqi scene seems to be moving at a different pace, governed less by the results of the war than by deep internal disputes that extend from the Coordination Framework to the Kurdish forces, hindering the identification of both the Prime Minister and the President of the Republic.

With no real signs of resolution, fears are growing that the political waiting will become a permanent state, making the formation of the next government a task postponed indefinitely.

Political sources confirm that there is no specific timeframe for forming the next government, indicating that the disputes between the Coordination Framework and the Kurdish forces remain unresolved, while emphasizing that the delay in forming the government is related to internal problems and not to the results of the ongoing war in the region.   link

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Tishwash:  A march targeting the US embassy in Baghdad

The US embassy in Baghdad was attacked by a drone early Saturday morning, according to an Iraqi security official who spoke to AFP, as reported by Al-Sa’a Network.

The official, who asked not to be named, said that "a drone hit the embassy," while another security source confirmed that "the attack targeted the diplomatic compound in the Green Zone."

This targeting comes in the context of the war that broke out on February 28 between the United States and the Israeli occupation on one side and Iran on the other, the repercussions of which have extended to several countries in the region .

Earlier, the US Embassy in Baghdad warned its citizens in Iraq of increasing security risks, calling for caution and urging them to avoid places that could make them potential targets for attacks .

The embassy confirmed that Iran and its allied armed groups continue to pose a threat to American interests in Iraq, noting that American sites, companies, and hotels frequented by foreigners have been attacked in the past .

It also urged American citizens to review their personal security situations, noting that leaving Iraq as soon as possible, when it is safe to do so, may be the best option for many given the ongoing tensions in the region  link

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Tishwash: For security reasons, British Petroleum (BP) is withdrawing its staff from Kirkuk oil projects.

Sources in the Iraqi state-owned North Oil Company revealed on Monday that the British company BP had withdrawn a number of its foreign employees working on oil field development projects in Kirkuk, due to security tensions and the repercussions of the war in the region.

Sources told Shafaq News Agency that the company informed the Ministry of Oil and the North Oil Company of its decision to withdraw foreign employees working within the technical and advisory support teams in oil field development projects, explaining that the step came as a precautionary measure to protect its staff in light of recent security developments.

She added that the decision does not mean canceling or terminating the contract concluded between the two parties, but rather represents a temporary measure until the security situation is assessed, noting that some field work may be partially affected due to the absence of foreign technical teams that supervise specialized aspects of the development operations.

The sources indicated that the cooperation between the North Oil Company and BP (British Petroleum) aims to implement an integrated program to develop a number of oil fields in Kirkuk Governorate, raise production rates and improve the infrastructure of the production and transportation system, thereby enhancing the technical efficiency of the old fields, which are among the most prominent oil fields in Iraq.

She explained that the current production of the North Oil Company is about 325,000 barrels per day from the fields located within its administration in Kirkuk and the surrounding areas, while development plans aim to gradually increase these quantities during the coming years by improving the management of oil reservoirs and developing the infrastructure of the fields.

The Kirkuk fields are among the oldest and largest oil fields in Iraq, containing major reservoirs including the Kirkuk, Bai Hassan, Jambur and Khabbaz fields. In recent years, they have faced technical and security challenges that have affected production levels, prompting the Ministry of Oil to seek the assistance of international companies to rehabilitate them and increase their production capacity.

In this context, oil expert Ali Khalil told Shafaq News Agency that the cooperation agreement with BP represents one of the important projects within the Kirkuk fields development plan, noting that the British company has extensive technical experience in managing giant fields and enhancing production.

He added that the agreement falls within the framework of technical and advisory cooperation contracts aimed at reassessing oil reservoirs and developing advanced plans to increase production and improve the management of oil reservoirs, using modern technologies to improve oil extraction and address accumulated technical problems in the fields.

Khalil pointed out that the withdrawal of foreign employees at the moment does not mean the project will stop completely, but it may lead to a slowdown in some technical work that requires direct supervision from the foreign company’s experts, especially with regard to advanced geological studies and reservoir development programs.

He explained that international companies usually take precautionary measures in cases of security tension or escalating risks in work areas to protect their employees and reduce operational risks, stressing that such decisions are often temporary until the situation stabilizes.

He stressed that continued cooperation between the Iraqi Ministry of Oil and international companies is an important factor in developing the country’s energy sector, noting that the Kirkuk oil fields need significant investments and advanced technologies to rehabilitate them and make the most of their oil reserves.

He pointed out that any delay in implementing development programs could affect plans to increase production in the near term, but he stressed at the same time that Iraq has technical personnel capable of continuing to work in the fields until the foreign teams return and full technical cooperation is resumed.

The Ministry of Oil seeks to increase the production capacity of the northern fields as part of its strategic plans to boost oil production and increase exports, given the great economic importance of the Kirkuk fields to the country’s energy sector.  link

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Mot Husband in the shower

Seeds of Wisdom RV and Economics Updates Tuesday Morning 3-17-26

Good Morning Dinar Recaps,

Global Reset Series – Introduction

These articles will be in the morning Newsletter

Day 1 — The Big PictureWhy the global financial system is quietly evolving

Day 2 — Central Bank Gold BuyingWhy nations are accumulating gold again

Day 3 — The Rise of Digital Sovereign CurrenciesCBDCs and the digital future of money

Day 4 — The Redesign of Global Payment SystemsWhy cross-border payments are being rebuilt

Day 5 — The Emergence of Parallel Financial NetworksWestern vs emerging-market financial infrastructure

Day 6 — The Global Debt Pressure PointWhy sovereign debt is the biggest systemic risk

Day 7 — What the Future Monetary System Could Look LikeHow these trends could reshape global finance

The Global Financial System Is Quietly Evolving: What You Need to Know

From gold accumulation to digital currencies and payment system redesign, the world’s monetary architecture is entering a new era.

Overview

For decades, most global financial analysis has focused on markets, interest rates, and currency movements. But today, a quieter, structural evolution is reshaping the global financial system, with potential implications that could last for decades.

This week, we are publishing a series of articles breaking down the new financial system in small, digestible pieces so readers can understand:

• Why central banks are buying record amounts of gold
• How central bank digital currencies (CBDCs) could change money forever
• Why cross-border payments are being redesigned
• How emerging economies are building parallel financial networks
• The role of sovereign debt pressures in shaping monetary strategy
• What a multipolar financial system might look like

Key Trends Shaping the New Financial System

1. Record Gold Accumulation by Central BanksGold remains a core reserve asset, and central banks are buying it faster than at any point in modern history.

2. Central Bank Digital Currencies (CBDCs)Over 130 countries are developing digital sovereign currencies to modernize payments and increase control over monetary flows.

3. Redesign of Cross-Border Payment SystemsInternational regulators and the G20 are working to make cross-border payments faster, cheaper, and more transparent, including multi-CBDC settlement experiments.

4. Emerging Parallel Financial NetworksBRICS and other emerging economies are creating alternative payment rails and trade settlement systems to reduce reliance on the existing Western-dominated infrastructure.

5. Sovereign Debt PressuresRising global debt levels are forcing governments and central banks to rethink reserve management, interest rate policy, and financial system resilience.

Why It Matters

When viewed together, these trends suggest a gradual restructuring of the international monetary system, not a sudden “reset.”

Investors, policymakers, and currency holders need to understand these changes because:

• They influence currency flows and trade settlement• They affect central bank reserve strategies• They shape future monetary and financial stability

How This Series Will Help Readers

Each article in the series focuses on a single pillar of the evolving system, breaking down complex trends into:

• Clear explanations
• Key implications for finance and trade
• Insights into global monetary shifts

By the end of the week, readers will have a complete picture of how the next global financial system is quietly taking shape.

Seeds of Wisdom Team View

The global financial system is evolving, not collapsing.

Understanding these trends now provides a front-row view of the slow, structural shifts that could define the next decades of global finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• World Gold Council – Central Bank Gold Purchases

• Bank for International Settlements – CBDC and Payment System Research

• Financial Stability Board – Cross-Border Payment Reports

~~~~~~~~~~

 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

Iraq Economic News and Points To Ponder Tuesday Morning 3-17-26

Al-Emaar Announces A Temporary Halt To Housing Fund Loans.

Money and Business    Economy News — Baghdad   The Ministry of Construction, Housing and Municipalities announced on Tuesday that it has temporarily suspended the granting of housing fund loans. While noting that approximately 20,000 beneficiaries were included in housing fund loans during the past year 2025, it confirmed the simplification of repayment procedures.

The ministry spokesman, Nabil Al-Saffar, said that "housing fund loans are currently suspended until the remaining transactions of borrowers for the past year 2025 are completed," confirming that "approximately 20,000 borrowers were included during the past year."

Al-Saffar added that "the grant and payment mechanisms previously in place have not changed, as applications are submitted through the (Aur) electronic platform according to a selection form that ensures that the most deserving receive it, taking into account the social status of the applicants."

He pointed out that "loan delivery procedures are carried out in three or two installments, where the amount is delivered according to the three installment system, which is (Batlu or Raft) the first installment is 30% of the loan value, the roofed structure is the second installment is 40% of the loan value, and the finishing work is the third installment is 30% of the loan value."

He continued: “As for the two-payment system, 70% of the loan value is given after the roof structure is completed, and 30% of the loan value is given after the finishing work is completed (pouring the floor and plastering with gypsum or polished cement plaster).”

He explained that “the loan is granted once for the property, and the borrower must pay the first installment within one month from the date of issuing the deed, otherwise he will bear late payment interest for each month of delay.

In the event of non-payment for three consecutive or intermittent months, the guarantor’s department will be contacted, and no new payment will be disbursed if the request for inspection is delayed for more than one year from the date of the last deed received.”

He pointed out that "repayment procedures have been simplified, allowing borrowers to make payments electronically through the Iraqi Housing Fund's application using electronic payment cards. This has greatly facilitated the process for borrowers and spared them the trouble of visiting the Fund's branches."

Al-Saffar explained that "the loan amount is granted based on the property's value or the borrower's salary (or the guarantor's if unemployed), whichever is lower. The property's value is calculated by multiplying the market value per square meter by 80% of the land area, with a maximum loan amount of 60 million dinars."

https://www.economy-news.net/content.php?id=66843

Transportation: 17,329 Transit Flights And 6,944 Departures And Arrivals At Iraqi Airports During February

Money and Business   Economy News — Baghdad   The Iraqi Ministry of Transport announced on Tuesday the statistics for air traffic at the country's airports for the month of February, including transit, arrival and departure flights.

The Ministry’s media office explained in a statement that the General Company for Air Navigation Services issued flight numbers, with 17,329 civilian overflights, 3,483 international and domestic departures, and 3,461 incoming flights.

The statement indicated that these statistics reflect the increasing activity in the aviation sector, stressing that the ministry is working to improve operational processes and develop airport infrastructure to enhance the quality of services provided to passengers and the efficiency of performance.

The ministry added that enhancing airport efficiency is a crucial step to support the national economy, emphasizing the General Company for Air Navigation Services' commitment to developing air transport in Iraq.

https://www.economy-news.net/content.php?id=66844

Nvidia's CEO Predicts Chip Orders Will Reach $1 Trillion By The End Of 2027

Money and Business    Economy News — Follow-up   US chipmaker Nvidia expects total orders for its advanced chips to reach $1 trillion by the end of 2027, according to CEO Jensen Huang.

Speaking at the company's GTC conference last night, Huang said that demand for the company's graphics processing units (GPUs) "exceeds all expectations," adding, "I think demand for computing power has increased a million times over the past few years."

Huang told conference attendees that he expects the company's total revenue to reach at least $1 trillion between 2025 and 2027, according to the German news agency DPA.

Nvidia chips are used globally to train AI models and applications and to power data centers operated by tech giants like Google and Meta, as well as startups in the field like OpenAI, the developer of the popular AI chat platform ChatGBT.

Nvidia's results are generally seen as a key indicator of the state of the artificial intelligence industry.

Last month, the company announced that its revenue for the last quarter of last year rose to $68.1 billion. Sales increased by 20% compared to the third quarter of last year.

In October, Nvidia became the first company in the world to surpass a market capitalization of $5 trillion.  Nvidia's CEO predicts chip orders will reach $1 trillion by the end of 2027.  https://www.economy-news.net/content.php?id=66838

USD/IQD Exchange Rates Fall In Baghdad, Erbil

2026-03-17 Shafaq News- Baghdad/ Erbil   The US dollar opened Tuesday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya central exchanges at 154,500 dinars per 100 dollars, down from 155,000 dinars recorded in the morning.

In the Iraqi capital Baghdad, exchange shops sold the dollar at 155,000 dinars per 100 dollars and bought it at 154,000 dinars, while in Erbil, selling prices stood at 154,350 dinars and buying prices at 154,250 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-fall-in-Baghdad-Erbil-2

Gold Prices Climb In Baghdad, Erbil

2026-03-17 Shafaq News- Baghdad/ Erbil    On Tuesday, gold prices hovered around 1.090 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.088 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.084 million IQD. The same gold had sold for 1.085 million IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 1.058 million IQD, while the buying price reached 1.054 million IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.090 million and 1.100 million IQD, while Iraqi gold sold for between 1.060 million and 1.070 million IQD.

In Erbil, 22-carat gold was sold at 1.133 million IQD per mithqal, 21-carat gold at 1.083 million IQD, and 18-carat gold at 929,000 IQD.    https://www.shafaq.com/en/Economy/Gold-prices-climb-in-Baghdad-Erbil-6-0

Oil Prices Surge Past $102 On Gulf Supply Fears

2026-03-17 Shafaq News   Oil prices rose more than 2% on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway.

Brent futures jumped $2.74, or 2.7%, to $102.95 a barrel by 0357 GMT, while U.S. West Texas Intermediate crude gained $2.45, or 2.6%, to $95.95.

In the previous session, Brent futures settled 2.8% lower while U.S. West Texas Intermediate (WTI) crude slid 5.3% after some vessels sailed through the critical waterway.

The Strait of Hormuz - a chokepoint for about 20% of the world's oil and ⁠liquefied natural gas trade - has been largely disrupted by the U.S.-Israeli war on Iran, now in its third week, raising concerns about supply shortages, higher energy costs and rising inflation.

"The risks remain stark: It only takes one Iranian militia to fire a missile or plant a mine on a passing tanker to reignite the entire situation," IG market analyst Tony Sycamore said in a note.

Several U.S. allies rebuffed Donald Trump's call on Monday to send warships to escort shipping through the Strait of Hormuz, drawing criticism from the U.S. president, who accused Western partners of ingratitude after decades of support.

"For now, oil markets are fixated on the duration of the conflict, halted supplies at Hormuz, and eventually the damage this chaos will leave on oil ⁠infrastructure in the Gulf," said Priyanka Sachdeva, senior market analyst at Phillip Nova.

Meanwhile, traders said prices were further supported after a fire broke out in the Fujairah Oil Industry Zone after a drone attack during morning trade in Asia, though no injuries were reported.

Middle East crude benchmarks have soared to all-time highs, becoming the most expensive oil in the world, with traders blaming the price spike on reduced supply ⁠available for delivery.

The effective closure of the strait has forced the United Arab Emirates, the Organization of the Petroleum Exporting Countries' third-largest producer, to shut in production, reducing its output by more than half, two sources told Reuters.

Iran has asked India to release three tankers seized ⁠in February as part of talks seeking the safe passage of Indian-flagged or India-bound vessels out of the Gulf via the Strait of Hormuz, three sources with knowledge of the matter told Reuters.

To curb rising energy costs, the head of the International ⁠Energy Agency suggested member countries could release more oil, in addition to the 400 million barrels they have already agreed to draw from strategic reserves.

Israel said it has detailed plans for at least three more weeks of war as its military struck sites across Iran overnight.

(Reuters)   https://www.shafaq.com/en/Economy/Oil-prices-surge-past-102-on-Gulf-supply-fears

Seeds of Wisdom RV and Economics Updates Monday Evening 3-16-26

Good Evening Dinar Recaps,

Central Banks Accelerate Gold Buying as Reserve Strategies Shift Worldwide

Record accumulation signals long-term diversification away from traditional reserve assets.

Overview

Central banks around the world are continuing to accumulate gold at one of the fastest sustained paces in modern financial history, reinforcing a broader trend toward diversified reserve strategies.

According to data from the World Gold Council, central banks purchased more than 1,000 tonnes of gold annually in recent years, marking the strongest multi-year buying streak since modern records began.

The trend reflects a growing effort by monetary authorities to reduce exposure to currency volatility, geopolitical risk, and financial system instability while strengthening the long-term resilience of national reserves.

Key Developments

1. Global Central Bank Gold Purchases Remain Near Historic Highs

Central bank gold purchases have remained elevated following record buying in recent years.

Major buyers have included:

• China• India• Turkey• Russia• Poland

These purchases have pushed global official gold reserves higher and helped support strong demand in international bullion markets.

2. Reserve Diversification Becomes a Strategic Priority

Central banks are increasingly diversifying reserves beyond traditional holdings such as U.S. Treasury securities and other sovereign bonds.

Gold offers several strategic advantages:

• No counterparty risk• Long-term store of value• Global liquidity across financial systems

These characteristics make gold attractive during periods of geopolitical uncertainty and financial volatility.

3. Emerging Economies Lead the Shift

Much of the recent gold accumulation has been driven by emerging market economies, where policymakers are seeking to strengthen financial independence and resilience.

As global economic power becomes more distributed, many governments are exploring ways to balance traditional reserve currencies with tangible reserve assets.

4. Gold Remains a Core Anchor of Monetary Confidence

Although modern currencies are no longer backed by gold, central banks continue to view the metal as a strategic monetary asset.

Gold plays a role in supporting confidence in national balance sheets and long-term financial stability, particularly during periods of economic stress.

Why It Matters

Reserve strategies often provide early signals of long-term shifts in the international monetary system.

When central banks adjust how they manage national reserves, it reflects deeper structural considerations about financial risk, geopolitical dynamics, and economic resilience.

Why It Matters to Foreign Currency Holders

For those tracking the potential evolution of the global financial system, the rise in gold accumulation highlights several trends:

• Greater reserve diversification among central banks• Continued importance of tangible reserve assets• Preparation for a more multipolar monetary environment

Gold remains one of the few assets accepted across all financial systems, making it a strategic hedge during periods of global uncertainty.

Implications for the Global Financial System

The continued rise in central bank gold reserves suggests that many monetary authorities are preparing for a future financial environment characterized by:

• Greater currency diversification• Increased geopolitical competition• Evolving global payment infrastructure

These shifts may gradually reshape the structure of international reserves over time.

Closing Perspective

The global financial system rarely changes suddenly.

Instead, it evolves through quiet adjustments in reserve strategy, payment infrastructure, and monetary policy.

Central banks increasing their gold holdings may represent one of the clearest signals that governments are preparing for a more diversified financial future.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• World Gold Council — “Gold Demand Trends: Central Bank Buying Remains Strong”

• International Monetary Fund — “Why Central Banks Continue to Hold Gold”

~~~~~~~~~~

Central Banks Test Cross-Border Digital Currency Platforms for Global Payments

Multi-CBDC experiments signal a major redesign of international payment systems.

Overview

Central banks around the world are experimenting with new digital currency platforms designed to transform how cross-border payments are settled.

These initiatives involve multi-CBDC platforms, where multiple central banks issue digital currencies that can settle transactions directly with one another in real time.

The experiments aim to modernize global payments by making them faster, cheaper, and more transparent than traditional correspondent banking systems.

Key Developments

1. Central Banks Launch Multi-CBDC Payment Experiments

Several international pilot projects are testing digital currency settlement platforms involving multiple central banks.

One of the most prominent initiatives was Project mBridge, a collaboration between:

• China• Hong Kong• Thailand• United Arab Emirates

The project demonstrated that cross-border payments using digital currencies could settle within seconds rather than days.

2. Over 130 Countries Are Studying Digital Currencies

According to research from the Bank for International Settlements, more than 130 countries are currently exploring or developing central bank digital currencies (CBDCs).

These initiatives range from early research programs to advanced pilot projects and limited public launches.

3. Payment System Modernization Becomes a Global Priority

International organizations such as the G20, IMF, and BIS are coordinating efforts to improve cross-border payments.

Goals of these reforms include:

• Lower transaction costs• Faster settlement times• Greater transparency in payment flows

Digital currencies and new financial technologies could significantly accelerate these improvements.

4. New Payment Rails Could Reduce Intermediaries

Traditional cross-border payments often require multiple banks and clearing systems to complete a single transaction.

Multi-CBDC platforms aim to allow direct settlement between central banks, potentially reducing the number of intermediaries involved in international transactions.

Why It Matters

Global payments infrastructure is one of the core foundations of the international financial system.

Changes to payment rails can reshape how trade, capital flows, and currency settlements operate worldwide.

Why It Matters to Foreign Currency Holders

For individuals monitoring the evolution of the global monetary system, these developments highlight several important trends:

• Governments are digitizing sovereign currencies• Payment systems are becoming faster and more interconnected• Cross-border settlement is being redesigned

These innovations could gradually transform how international commerce and financial transactions are conducted.

Implications for the Global Financial System

If widely adopted, digital currency payment platforms could eventually enable:

• near-instant global transactions• reduced settlement costs• greater financial inclusion across borders

At the same time, policymakers must address questions involving regulation, privacy, cybersecurity, and interoperability between national systems.

Closing Perspective

The modernization of global payment infrastructure represents one of the most significant financial transformations underway today.

As digital currencies, payment technologies, and financial networks evolve, the architecture of global finance may become faster, more technologically integrated, and more geographically diverse.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Bank for International Settlements — “Project mBridge: Multi-CBDC Cross-Border Payments Platform”

• Atlantic Council — “Central Bank Digital Currency Tracker”

~~~~~~~~~~

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Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Monday Evening 3-16-26

Iraq Excluded From 2026 Index Of Economic Freedom

2026-03-16    Shafaq News- Baghdad   Iraq did not appear in the 2026 Index of Economic Freedom due to insufficient reliable economic data and weak transparency standards, the Heritage Foundation said on Monday.

The foundation placed Iraq among unranked countries for the third consecutive year, alongside Afghanistan, Libya, Somalia, Syria, Yemen, Liechtenstein, and Ukraine. The index covers around 176 countries and evaluates economic freedom across four main pillars: rule of law, government size, regulatory efficiency, and open markets. It measures 12 sub-indicators, assigning scores between zero and 100 to determine each country’s level of economic freedom.

According to the report, Singapore ranked first globally with 84.4 points, followed by Switzerland with 83.7 and Ireland with 83.3, benefiting from open market environments and strong property rights protections. Lebanon and Iran ranked among the lowest globally, scoring 43.1 and 41.8 points, respectively.

Across the Arab region, the United Arab Emirates topped the ranking with 71.9 points, followed by Qatar with 70.2 and Oman with 68.5.

Economic expert Mohammed Al-Hassani told Shafaq News that Iraq’s absence from the index mainly reflects weak government transparency and the lack of accurate data needed to measure indicators such as investment, trade, and business freedom.

He added that excluding Iraq from the ranking reduces foreign investors’ ability to evaluate the country’s business environment and deprives policymakers of an international benchmark that could guide economic reforms and improve the investment climate.  https://www.shafaq.com/en/Economy/Iraq-excluded-from-2026-Index-of-Economic-Freedom

USD/IQD Exchange Rates Fall In Baghdad, Erbil

2026-03-16     Shafaq News- Baghdad/ Erbil    The US dollar closed Monday’s trading lower in Iraq, hovering around 154,500 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya central exchanges at 154,650 dinars per 100 dollars, down from 155,000 dinars recorded in the morning.

In the Iraqi capital Baghdad, exchange shops sold the dollar at 155,000 dinars per 100 dollars and bought it at 154,000 dinars, while in Erbil, selling prices stood at 154,300 dinars and buying prices at 154,200 dinars.

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

Pavel Talabani: The Regional Government Is A Coalition Government And It Is Not Permissible To Make Decisions That Affect The People's Livelihood Unilaterally.

{Politics: Al-Furat News} The head of the Patriotic Union of Kurdistan Party, Bafel Talabani, confirmed that the Kurdistan Regional Government is a coalition government, stressing the need to avoid making unilateral decisions that affect the livelihood and fate of citizens.

Pavel Talabani said in a press statement: "At this time when our region is facing extreme tension and instability, decisions that affect the fate and lives of our people should not be made unilaterally."

He added that "the Kurdistan Regional Government is a broad-based government, and all parties must act accordingly," noting that "the current time is not a time for tensions, conflicts, or scoring political points."

Pavel Talabani continued, "Our people deserve to enjoy a stable life and to receive their salaries on time, and the current time is a time for unity to confront the great dangers that we may face."

"We support constructive dialogue with our partners in Baghdad and Erbil to protect the stability of the Kurdistan Region and Iraq, and at the same time, we ensure that the well-being of our citizens is never jeopardized," he affirmed. LINK LINK

The Minister Of Oil Announces Iraq's Production Volume According To Its OPEC Quota.

{Economic: Al-Furat News} Oil Minister Hayyan Abdul Ghani confirmed that Iraq's crude oil production is about 4.4 million barrels per day, according to the quota set by OPEC.

Abdul Ghani said in a press statement that "the military operations in the Gulf and the closure of the Strait of Hormuz led to the cessation of Iraqi oil exports days after the outbreak of war in the region."

He explained that current production is between 1.5 and 1.6 million barrels per day to cover the needs of refineries and power plants, noting that oil and gas products currently cover local needs despite the halt in exports and the impact on oil revenues.

The oil minister revealed that there are efforts to start exporting quantities of oil through the Turkish port of Ceyhan, in addition to tenders to export oil through the port of Banias in Syria and the Aqaba pipeline, stressing that the Iraqi-Turkish pipeline to transport Kirkuk oil with a capacity of 200,000 to 250,000 barrels per day is currently undergoing final inspection and qualification.   LINK

U.S. Oil Companies Warn Trump Administration Of Worsening Energy Crisis

American oil companies have warned the administration of President Donald Trump that the suspension of supplies through the Strait of Hormuz could exacerbate the energy crisis.

The Wall Street Journal reported that U.S. oil firms cautioned the Trump administration that a halt in supplies via the Strait of Hormuz would worsen the energy situation.  It added that the oil sector is warning the administration that the energy crisis is likely to intensify  https://ina.iq/en/economy/46657-us-oil-companies-warn-trump-administration-of-worsening-energy-crisis.html

Iraqi Minister Of Oil: Tenders To Export Oil Via Baniyas, Syria And Aqaba, Jordan Ports

 INA – BAGHDAD   The Iraqi Oil Minister Hayyan Abdul Ghani announced on Monday the issuance of tenders for oil exports via the Syrian port of Banias and the Jordanian port of Aqaba.

“Exports have stopped, and Iraq relies primarily on revenues from crude oil exports,” Abdul Ghani said in a statement followed by the Iraqi News Agency - INA.

He explained that “the Ministry of Oil is making significant efforts to begin exporting quantities of crude oil through the Ceyhan port.”

“We have issued tenders for crude oil exports through the Banias port in Syria and the Aqaba port in Jordan. Contracts for exporting crude oil through these ports will be awarded within the next two days,” he underscored.Abdul Ghani confirmed that “tankers will be used to transport the crude oil due to the unavailability of pipelines for the Iraqi-Syrian or Aqaba pipelines.”

https://ina.iq/en/economy/46672-iraqi-minister-of-oil-tenders-to-export-oil-via-baniyas-syria-and-aqaba-jordan-ports.html

Seeds of Wisdom RV and Economics Updates Monday Afternoon 3-16-26

Good Afternoon Dinar Recaps,

Oil Shock and Currency Tensions: Strait of Hormuz Crisis Sends Ripples Through Global Finance

Energy chokepoints and currency experiments collide as the Iran conflict intensifies.

Overview

Escalating tensions around the Strait of Hormuz are sending powerful signals through global financial markets, highlighting how energy supply routes remain one of the most critical pressure points in the international economic system.

Oil prices have experienced sharp volatility as traders respond to disruptions and security risks in the Persian Gulf. At the same time, new discussions about alternative currency settlement for oil shipments are emerging — developments that could have long-term implications for the global monetary order.

The Strait of Hormuz handles roughly 20% of the world’s oil supply, meaning any disruption in the corridor can quickly impact energy prices, inflation expectations, and financial stability worldwide.

Key Developments

1. Global Energy Markets Jolt as Hormuz Risks Intensify

Energy markets have become increasingly volatile as military conflict and shipping threats raise concerns about oil flows through the Strait of Hormuz.

The narrow waterway carries about one-fifth of global oil supply, making it one of the most strategically important energy corridors in the world. Even partial disruptions can trigger rapid price swings and supply concerns.

Recent market reactions reflect growing uncertainty about whether shipping traffic can continue safely through the region.

2. Oil Prices Swing as Traders React to Conflict

Oil markets have experienced rapid price movements as investors attempt to gauge the economic impact of the escalating conflict.

Energy prices surged earlier in the crisis as shipping slowed and tanker traffic became uncertain, while more recent trading sessions have shown sharp volatility as governments consider releasing strategic reserves to stabilize supply.

These fluctuations illustrate how geopolitical shocks can immediately ripple through commodity markets and global inflation expectations.

3. Currency Questions Enter the Oil Trade Conversation

One of the most intriguing developments emerging from the conflict is discussion surrounding alternative currencies in oil trade settlement.

Reports suggest Iran has considered allowing oil tankers through the Strait of Hormuz only if transactions are conducted in Chinese yuan, potentially challenging the long-standing practice of dollar-denominated oil trade.

While still speculative and not widely adopted, such proposals highlight growing interest among some countries in experimenting with non-dollar settlement mechanisms for strategic commodities.

4. Global Markets Respond to Energy and Inflation Risks

Financial markets worldwide have reacted to the uncertainty.

Stocks have slipped in several regions while investors move toward traditional safe-haven assets and currencies amid fears that sustained energy disruptions could increase inflation and slow economic growth.

Higher energy costs historically ripple through the global economy, affecting transportation, manufacturing, and consumer prices.

Why It Matters

Energy markets sit at the center of the global economic system.

When a strategic chokepoint like the Strait of Hormuz faces disruption, the consequences extend far beyond regional politics.

Potential effects include:

• Higher global inflation• Volatility in financial markets• Pressure on import-dependent economies• Greater geopolitical competition over energy security

Why It Matters to Foreign Currency Holders

For those monitoring developments related to a potential evolution of the global financial system, the situation highlights several structural realities.

Energy trade remains deeply intertwined with the international monetary system, particularly through the currencies used to settle major commodity transactions.

Events that challenge established payment practices — even indirectly — can gradually encourage experimentation with alternative financial arrangements.

Implications for the Global Financial System

The crisis highlights how three forces often intersect during periods of financial transition:

• Energy supply disruptions• Currency settlement experimentation• Geopolitical realignment

Together, these dynamics can accelerate discussions about payment systems, reserve diversification, and alternative trade settlement mechanisms.

While the current system remains deeply anchored in existing financial infrastructure, episodes like this often catalyze longer-term financial innovation and geopolitical strategy.

Closing Perspective

The Strait of Hormuz crisis underscores a fundamental truth about global finance:

Energy security, geopolitics, and currency systems remain tightly interconnected.

When one pillar becomes unstable, the effects quickly ripple across markets, commodities, and international monetary relations.

In a rapidly evolving global economy, even regional conflicts can become catalysts for broader financial change.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Al Jazeera — “Strategic Oil Release May Calm Markets but Cannot Fix Hormuz Disruption”

• Mint (LiveMint) — “US-Iran War: How Will Yuan Payments for Oil Passage Through Strait of Hormuz Impact Indian Stock Market, Gold, Silver?”

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Dubai Markets Slide Into Bear Territory as Middle East Conflict Shakes Investor Confidence

Regional instability and oil-route fears send shockwaves through Gulf financial markets.

Overview

Dubai’s primary stock benchmark has officially entered bear-market territory, highlighting how geopolitical instability can rapidly ripple through global financial markets.

The Dubai Financial Market General Index (DFMGI) has dropped more than 20% from its late-February peak, pushing the market into a technical bear market and erasing tens of billions of dollars in equity value.

Analysts say the selloff reflects growing investor anxiety surrounding the widening conflict involving Iran and disruptions to energy trade routes in the Persian Gulf, particularly around the strategically critical Strait of Hormuz.

The decline illustrates how geopolitical shocks in key energy corridors can quickly impact global financial stability.

Key Developments

1. Dubai’s Main Index Enters Bear Market Territory

Dubai’s benchmark equity index has fallen more than 20% from its February high, the threshold commonly used to define a bear market.

Market losses have erased tens of billions of dollars in value from publicly traded companies, reflecting a sharp shift in investor sentiment.

2. Escalating Regional Conflict Triggers Market Volatility

The selloff has been fueled by rising geopolitical tensions tied to the ongoing conflict involving Iran and regional military activity.

Investors are increasingly concerned about the potential disruption of oil and shipping traffic through the Strait of Hormuz, a narrow maritime chokepoint responsible for roughly one-fifth of global oil flows.

Any prolonged disruption to this route could have major consequences for global energy supply and inflation expectations.

3. Banking, Real Estate, and Tourism Stocks Lead Declines

Some of the hardest-hit sectors in Dubai’s market include:

• Banking and financial services• Real estate developers• Tourism and aviation companies

Large property firms and major lenders have recorded notable losses as investors reassess regional economic growth prospects amid heightened geopolitical risk.

4. Gulf Markets Reflect Broader Regional Risk

Dubai’s downturn is part of a wider regional market reaction.

Several Gulf exchanges—including Qatar, Bahrain, and Kuwait—have also experienced declines as investors respond to uncertainty surrounding energy supplies, security risks, and economic disruptions across the Middle East.

Why It Matters

Dubai has positioned itself as a major global financial hub connecting Europe, Asia, and the Middle East.

Sharp declines in its equity market signal that geopolitical instability can quickly influence international capital flows, investment decisions, and regional economic confidence.

Because Gulf economies are deeply linked to global energy markets and international trade routes, disruptions in the region can create ripple effects across commodities, shipping, and financial markets worldwide.

Why It Matters to Foreign Currency Holders

For those tracking developments related to a potential evolution of the global financial system, events like this highlight several structural realities:

• Energy chokepoints remain critical to global monetary stability

• Regional conflicts can trigger rapid financial volatility

• Financial hubs in strategic trade corridors are highly sensitive to geopolitical risk

These factors reinforce why many countries are simultaneously exploring diversified reserve assets, alternative payment systems, and new financial infrastructure.

Implications for the Global Financial System

This market shock underscores a broader reality emerging across global finance:

• Geopolitical risk increasingly influences financial markets

• Energy supply routes remain a core pillar of global economic stability

• Regional conflicts can trigger immediate global market responses

As the international monetary system evolves toward faster digital payments, diversified reserves, and multipolar financial networks, stability in key economic hubs remains essential.

Closing Perspective

Dubai’s market decline serves as a reminder that financial systems remain deeply interconnected with geopolitical events.

When strategic energy routes and major financial centers are affected by conflict, the ripple effects can spread rapidly across the global economy.

This is not just regional turbulence — it is another illustration of how geopolitics and financial markets increasingly move together in a shifting global economic order.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Bloomberg — “Dubai Stocks Fall Into Bear Market as Iran War Enters Third Week”

• Reuters — Most Gulf equities decline as Iran conflict fuels regional market uncertainty

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Monday Afternoon 3-16-26

State of Law Coalition: Iraq’s Economic Security Above All Considerations

Baghdad – INA   The State of Law Coalition affirmed on Monday that Iraq’s economic security must remain above all considerations, stressing that disputes should be addressed through dialogue.

In a statement received by the Iraqi News Agency, the coalition said it had followed with deep concern the statements issued by the Iraqi Ministry of Oil and the Ministry of Natural Resources of the Kurdistan Regional Government, noting the divergence in positions amid the sensitive economic conditions facing the country and the potential repercussions that could directly affect citizens’ livelihoods.

The statement added that the accumulation of disputes between the federal government and the Kurdistan Regional Government over many years has contributed to complicating the situation at a time when the current circumstances require the highest levels of national responsibility and prioritizing the public interest.

The coalition called on all concerned parties to address the issues at hand with a spirit of national responsibility, avoid escalation or deepening disagreements, and work jointly to overcome the current crisis in a way that preserves economic stability and safeguards citizens’ interests.

It further stressed that the disputed issues between the federal government and the Kurdistan Region should be resolved through a national approach based on dialogue, cooperation, and mutual understanding, in a manner that serves the public interest and strengthens political and economic stability in the country.

The coalition emphasized that Iraq’s economic security and the stability of citizens’ conditions must remain above any other considerations, urging all parties to act wisely and work collectively to navigate this sensitive phase in a way that serves the interests of Iraq and its people.

https://ina.iq/en/politics/46661-state-of-law-coalition-iraqs-economic-security-above-all-considerations.html

Iraq's 2025 Budget Deficit Reaches 17 Trillion Dinars: Eco Iraq Observatory

The Eco Iraq observatory announced Iraq's 2025 budget deficit at 17 trillion and 40 billion dinars, driven by oil-dependent revenues and high current expenditures.

2026-03-15 12:45   Iraq's Budget DeficitECO Iraq Observatory   ERBIL (Kurdistan24) - The Eco Iraq observatory announced that Iraq's budget deficit for 2025 reached 17 trillion and 40 billion Iraqi dinars, as expenditures exceeded revenues in a fiscal year dominated by current spending and reliance on oil income.

In a press statement, the observatory said that state revenues during 2025 amounted to 124 trillion and 185 billion Iraqi dinars. It explained that oil revenues reached 109 trillion and 207 billion dinars, while non-oil revenues amounted to 14 trillion and 977 billion dinars.

The observatory pointed out that the financial deficit resulted from expenditures exceeding revenues. It clarified that total spending reached 141 trillion and 122 billion dinars, of which 119 trillion and 163 billion dinars were current expenditures, equivalent to 84% of total public spending.

It added that investment expenditures amounted to 22 trillion and 22 billion dinars, representing about 15% of total spending. The observatory stated that the rise in current expenditures against weak investment reflects a defect in the budget structure, with heavy reliance on oil constituting about 88% of revenues, making public finances vulnerable to price fluctuations.

The observatory stressed the necessity of enhancing non-oil revenues and increasing investment spending.

This announcement on the 2025 fiscal outcomes highlights Iraq's ongoing dependence on oil exports, which pass through key regional waterways including the Strait of Hormuz.   About 20 million barrels per day of crude and other oil products were transported through the strait in 2025, according to FactCheck.org.

That flow has slowed to a trickle since the U.S.-Israeli conflict with Iran began, per the same report.

The Strait of Hormuz, bordering Iran and Oman, serves as a critical conduit for oil and natural gas from the Persian Gulf to global markets, with roughly 27% of the world's maritime trade in crude oil and petroleum products passing through it, as detailed in a Congressional Research Service report.

Starting on March 4, 2026, Iranian forces declared the strait closed, threatening and carrying out attacks on ships attempting to transit, according to the report.

The conflict, which began with joint U.S. and Israeli military operations against Iran on February 28, 2026, has led to a de facto closure of the strait, disrupting shipments from major producers including Iraq, per the American Action Forum.

Transits through the strait have essentially ground to a halt, with firms adopting a cautious stance amid soaring war-risk premiums, the forum noted.

Iraqi oil production from its main southern oilfields has fallen by 70% to 1.3 million barrels per day, as the country is unable to export via the Strait of Hormuz due to the conflict, three industry sources told Reuters.

Iraq's exports fell to an average of around 800,000 barrels per day, with only two tankers loading because vessels cannot move freely through the strait to southern terminals, according to the sources and a shipping agent.

Storage facilities in the Gulf are rapidly filling, forcing oilfields in Iraq and other countries to cut production, analysts, traders and sources told Al Jazeera.

The conflict has led to the suspension of about a fifth of global crude and natural gas supply, as Iran targets ships in the strait, per the report.

Maritime traffic through the Strait of Hormuz has almost completely stopped since the strikes against Iran, with Iran targeting tankers in the area, according to Bloomberg.

Gulf producers have lowered crude output as storage tanks fill up, the report added.

The conflict disrupted approximately 20% of global oil supplies transiting the Strait of Hormuz, causing Brent Crude oil prices to rise from around $70 to over $110 per barrel within days, per Reuters.

Oil production in Iraq, among other countries, dropped by a reported 6.7 million barrels per day by March 10, 2026, and by at least 10 million barrels per day as of March 12, 2026, according to the entry.

Iran's closure of the strait also disrupted significant liquefied natural gas volumes, the entry noted. A prolonged disruption of Middle East oil trade would create oil market conditions without historical precedent, with oil prices experiencing significant upward pressure, as stated in the Congressional Research Service report.

The international benchmark Brent jumped 8% from $71.32 per barrel on February 27, 2026, to $77.24 per barrel on March 2, 2026, the trading days before and after operations began, per the report. As the conflict continued, prices went higher, at one point breaking the $100 per barrel mark.

In the U.S., President Donald Trump raised the prospect of actions to reestablish free transit of the strait, amid a considerable decrease in shipping traffic, according to the Congressional Research Service.

On March 3, 2026, Trump stated that he had ordered the provision of political risk insurance to all maritime trade and said the U.S. Navy could escort commercial vessels through the strait if necessary.

Iran has the capacity to disrupt shipping via mines, speed boats, submarines, shore-based cruise missiles, aircraft and other systems, the report assessed. Prior to the conflict, analysts held consensus that the U.S. military could counter Iran's forces and restore shipping flow, though such an effort would take days, weeks or months.

The Strait of Hormuz crisis has reshaped global oil markets, with the conflict putting the waterway on a knife's edge and affecting oil prices, jet fuel and liquefied natural gas, per Kpler.

The conflict directly threatens approximately 20% of global oil supply that transits the strait daily, the blog stated.

A closure of the Strait of Hormuz due to the U.S.-Iran war has impacted the oil market, but also sectors reliant on shipping, from metals to agriculture and autos, according to CNBC.

U.S. military actions and insurance backstops may help keep trade flowing, but supply chain experts say it could take weeks for impacts to hit prices across products.

The International Energy Agency took the step of saying it would release 400 million barrels of oil from reserves, per the report. There is no value to Iran in intercepting cargo containers, though non-oil ships may be harassed by Iranian speedboats, the report noted.

Reports of U.S. Navy escorting ships through the strait were incorrect, but the U.S. can put plans in place to stop Iran from seizing ships, with air power and missiles able to destroy Iranian missile batteries, according to CNBC.

Iraq halted crude oil shipments via a key pipeline to a Turkish port as a precautionary measure, as Middle Eastern energy infrastructure is caught in the conflict, per Bloomberg.

The pipeline carries oil from northern fields, but nearly all Iraqi crude exports are shipped via the Strait of Hormuz.

The U.S. and France are considering naval escorts for tankers crossing the strait, though neither plans to start operations immediately, the report added. Prolonged disruption threatens global inflation.

In a February update, the International Energy Agency said that with around 25% of the world's seaborne oil trade transiting the strait and limited bypass options, any disruption would have huge consequences for world oil markets, per FactCheck.org.

A prolonged disruption would lead to oil supply shortages and make price increases inevitable, the agency warned.

Iran blocked the flow of oil and goods through the strait in retaliation for the airstrikes, threatening to shoot or bomb vessels attempting to pass, according to the report. The strait connects the Persian Gulf with the Gulf of Oman and the Arabian Sea.

The conflict could leave consumers and businesses facing weeks or months of higher fuel prices even if it ends quickly, as suppliers grapple with damaged facilities, disrupted logistics and elevated shipping risks, per Al Jazeera.

A nearly complete shutdown means producers like Iraq have suspended shipments of up to 140 million barrels of oil, equal to about 1.4 days of global demand.

Oil and gas prices have surged since the war's start amid the collapse in Hormuz transits, according to Bloomberg.

Daily natural gas prices in Asia and Europe have risen almost 54% and 63%, respectively, over the week before operations began, while U.S. prices increased 7% between February 27 and March 2, 2026, per the Congressional Research Service.

Iran's attempts to disrupt energy commerce carry strategic benefits and risks for Tehran, including direct conflict with the U.S. in past instances, the report noted. War risk insurance has increased significantly since fighting began on February 28, 2026.

The efficacy of emergency response measures could be tested to their limits in a prolonged disruption, with uncertain duration of elevated prices determined by time needed to normalize trade, according to the Congressional Research Service.

Congress holds interest in potential closures of the strait due to impacts on global prices for oil, natural gas and other commodities, the report stated. Oil supply disruptions could affect prices worldwide, including in the U.S

 https://www.kurdistan24.net/en/story/900704/iraqs-2025-budget-deficit-reaches-17-trillion-dinars-eco-iraq-observatory

Iraq Economic News and Points To Ponder Monday Morning 3-16-26

Hormuz Blockade Threatens Iraq’s Cash Buffer

2026-03-15   Shafaq News- Baghdad   Iraq’s economy is under severe pressure as the closure of the Strait of Hormuz slashes oil exports, threatening the government’s ability to pay salaries, pensions, and cover essential expenses. The disruption follows the war that erupted on February 28, 2026, between the United States and Israel on one side and Iran on the other, cutting Iraqi oil production by two-thirds.

According to Eco Iraq, oil revenues make up roughly 90-95% of Iraq’s federal budget, leaving the country highly vulnerable to any drop in exports or prices. Production has fallen from 4.3 million barrels per day to 1.3 million, while exports have dropped below 800,000 barrels daily, causing daily losses of $128 million.

Revenue Pressure

Economist Ahmed Abdul Rabih linked delayed salaries directly to Iraq’s reliance on oil income. “Any disruption in oil exports or a decline in prices directly reduces the liquidity available to the government, putting pressure on its ability to cover operational costs, especially with rising public spending and an expanding workforce,” Abdul Rabih conveyed to Shafaq News.

Despite the drop in revenues, Iraq retains over $100 billion in cash reserves at the US Federal Reserve and roughly 170 tons of gold. Central bank economist Safwan Qusay reported that the Strait of Hormuz closure has cut oil income by $200-300 million per day, though reserves remain about 27% above the level needed to support the Iraqi dinar.

“These reserves could allow the Central Bank (CBI) to fund public spending of $20-30 billion over the next six months, giving the government time to manage the crisis,” Qusay added.

Public Confidence

Central bank data show a 10.95% decline in bank deposits in 2025, equal to roughly 12 trillion dinars. Analysts attribute this to public caution amid economic and security uncertainty, with many citizens holding cash outside the banking system.

Rashid al-Saadi, spokesperson for the Baghdad Chamber of Commerce, pointed out Iraq’s structural economic imbalances, including heavy dependence on oil and limited investment in other sectors.

“Current financial reserves may allow the government to cover salaries for six months to a year, according to official estimates, but if the crisis continues, it raises questions about the state’s ability to maintain public spending at the same level,” al-Saadi explained to Shafaq News.

Alternative Exports

With southern ports mostly inactive, the Kirkuk-Ceyhan pipeline in Turkiye has emerged as a key alternative, though its capacity is limited compared with pre-crisis exports exceeding four million barrels per day. Al-Saadi noted that trucking or land-based transport can replace only a small portion of lost shipments.

He also recommended exploring additional regional export routes through ports such as Aqaba or Baniyas, and expanding non-oil revenue to reduce dependence on oil exports.

High Financial Commitments

Iraq requires about 9 trillion dinars ($6.8 billion) each month to cover operational expenses, including salaries, pensions, and social programs. Analysts warn that prolonged export disruptions could force the government to tap foreign reserves, potentially affecting currency stability if the situation persists.

The Ministry of Finance confirmed that salaries for March and April are secured, but ongoing disruptions could make future months more financially sensitive, emphasizing that Iraq’s ability to manage the crisis hinges on the duration of export interruptions and success in finding alternative routes or boosting non-oil income.

https://www.shafaq.com/en/Economy/Hormuz-blockade-threatens-Iraq-s-cash-buffer

Read more: Hormuz lockdown: Iraq’s economic lifeline under threat

Iraq Clinches Decade-Long Lead In Turkish Housing Market

2026-03-16 Shafaq News- Ankara   Iraq has emerged as the top foreign buyer of real estate in Turkiye over the past decade, purchasing more than 51,900 homes between 2015 and 2025, the Turkish Statistical Institute (TURKSTAT) reported on Sunday.

According to the data, Iraqis narrowly surpassed Russians, who bought around 50,700 units during the same period. Iran ranked third with nearly 43,600 homes, followed by Ukraine with 38,200. Other leading foreign buyers included Saudi Arabia with 27,300 units, Kuwait with 16,800, and Germany with 15,400.

TURKSTAT also noted that Iraqi purchases started to decline after 2020, affected by economic fluctuations and changes in Turkiye’s property regulations. Despite the slowdown, Iraq maintained a strong presence, ranking second in 2020 behind Iran and third in 2022 after Russia and Iran

https://www.shafaq.com/en/Economy/Iraq-clinches-decade-long-lead-in-Turkish-housing-market

Dollar Rises In Baghdad And Erbil Markets

2026-03-16  Shafaq News- Baghdad/ Erbil   The US dollar opened Monday’s trading higher in Iraq, hovering around 155,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 155,000 dinars per 100 dollars, up from the previous session’s 154,050 dinars.

In the Iraqi capital, exchange shops sold the dollar at 155,500 dinars and bought it at 154,500 dinars, while in Erbil, selling prices stood at 154,900 dinars and buying prices at 154,800 dinars.

https://www.shafaq.com/en/Economy/Dollar-rises-in-Baghdad-and-Erbil-markets-3

Gold Prices Fall In Baghdad, Climb In Erbil

2026-03-16   Shafaq News- Baghdad/ Erbil   On Monday, gold prices hovered around 1.08 million IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,085,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,081,000 IQD. The same gold had sold for 1,090,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 1,055,000 IQD, with a buying price of 1,051,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,085,000 and 1,095,000 IQD, while Iraqi gold sold for between 1,055,000 and 1,065,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-climb-in-Erbil-0

BP Pulls Foreign Staff From Kirkuk Oil Projects Over Security Concerns

2026-03-16   Shafaq News- Kirkuk   British energy company BP has withdrawn several foreign employees from oil field development projects in Iraq’s Kirkuk province as a precaution amid rising regional security tensions, sources at the state-run North Oil Company (NOC) revealed on Monday.

The sources told Shafaq News that BP informed Iraq’s Oil Ministry and the NOC of its decision to pull out foreign personnel working within technical and advisory teams supporting the development of Kirkuk’s oil fields —including Kirkuk, Bai Hassan, Jambur, and Khabbaz, some of Iraq’s most significant and oldest producing reservoirs.

BP is cooperating with the North Oil Company on a program aimed at modernizing several oil fields in Kirkuk province, improving infrastructure for production and transport, and increasing output from reservoirs.

According to the sources, NOC currently produces around 325,000 barrels per day from fields under its management in Kirkuk and nearby areas.

Speaking with our agency, oil expert Ali Khalil explained that the withdrawal of foreign staff does not signal a suspension of the project but may slow technical tasks requiring direct supervision from international specialists, particularly advanced geological studies and reservoir development programs.

He added that international companies often adopt precautionary measures during periods of heightened security risk to protect personnel and reduce operational exposure.

The move follows heightened regional tensions after coordinated US and Israeli strikes on sites inside Iran, which prompted Tehran to launch missile and drone attacks on Israel and US military bases in the region, including Iraq, where Iran-aligned armed factions have launched attacks on American forces.

Earlier this month, more than 100 BP employees —out of roughly 650 staff working with the company— departed for Kuwait due to unstable security conditions. Experts from Chinese companies operating in oil fields in Basra province also left the area under similar circumstances.

https://www.shafaq.com/en/Economy/BP-pulls-foreign-staff-from-Kirkuk-oil-projects-over-security-concerns

Read more: Drone incidents reported across 14 Iraqi provinces in latest escalation

ISX Trades $10M+ In Monthly Activity

2026-03-16     Shafaq News- Baghdad   The Iraq Stock Exchange (ISX) recorded more than 16.7 billion Iraqi dinars in trading value over the past month —roughly $10.8 million.

According to market data, more than 1.8 billion shares were traded during the month across 20 regular trading sessions.

The ISX60 index closed the month at 952.44 points, marking a 0.26% decline compared with the previous session.

Throughout the month, the exchange executed around 4,124 sale and purchase contracts across listed companies. During the period, 68 companies out of 104 listed firms recorded actual trading activity, while 26 companies saw no buy or sell orders matched, and 10 companies remained suspended for failing to submit the required disclosures.

https://www.shafaq.com/en/Economy/ISX-trades-10M-in-monthly-activity

“Tidbits From TNT” Monday Morning 3-16-2026

TNT:

Tishwash: Parliament intervenes in the crisis between Baghdad and Erbil regarding oil exports via Ceyhan.

 The Iraqi Parliament announced on Sunday (March 15, 2026) that it has entered the ongoing crisis between the federal government in Baghdad and the Kurdistan Regional Government regarding oil exports through the Turkish port of Ceyhan.

The media office of the House of Representatives stated in a statement received by "Baghdad Today" that "the House of Representatives decides to host the Deputy Prime Minister and Minister of Oil, the Minister of Natural Resources in the Kurdistan Region, the Undersecretary of the Minister of Oil for Extraction Affairs, the Undersecretary of the Minister of Oil for Distribution Affairs, and the Director General of the Iraqi Oil Marketing Company SOMO."

She added that "the hosting will begin on Tuesday at 9 pm," noting that "the session concerns the mechanism for exporting oil via the oil pipeline to the Turkish ports of Ceyhan."  link

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Tishwash: US oil companies warn Trump administration of worsening energy crisis due to the Strait of Hormuz

US oil companies have warned President Donald Trump's administration that the energy crisis could worsen if supplies through the Strait of Hormuz, one of the world's most important oil chokepoints, are disrupted.

The Wall Street Journal reported that the oil industry indicated that continued supply disruptions could lead to higher oil prices and disruption to global energy markets.

The companies stressed that the crisis could worsen if shipping traffic through the vital strait continues to be disrupted, warning of the impact this could have on local and international oil and fuel supplies.  link

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Tishwash: Calls to regulate markets and protect citizens' purchasing power

Residents of Ramadi have called for stricter market controls during the final days of Ramadan and the lead-up to Eid al-Fitr, to prevent some merchants from exploiting the situation and raising prices excessively for families.

They emphasized that these price hikes place a heavy burden on families and limit their ability to meet their Eid needs, urging official authorities to regulate the markets and ensure that citizens can purchase their necessities without additional financial strain.  link

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Tishwash: Prime Minister Sudani warns war poses risk of ‘serious consequences’ for Iraq

 Iraqi Prime Minister Mohammed Shia al-Sudani warned Saturday that the regional war has expanded and now threatens Iraq’s infrastructure, energy supplies and supply chains, while insisting that decisions on war and peace rest solely with the state.

“The war has expanded and all parties are now facing an imminent danger,” Sudani said during a meeting with Shia and Sunni religious figures, adding that Iraq faces “major challenges” his government is working to address.

“The state, through its institutions, is the authority concerned with the decision of war,” he said. Iran-aligned armed groups, some of which are formally incorporated into Iraq’s security forces, have already entered the conflict, launching drone and rocket attacks on targets across federal Iraq, the Kurdistan Region and elsewhere in the region.

Sudani condemned attacks on diplomatic missions and coalition forces headquarters in Iraq, warning they expose the country to “serious consequences.” The U.S. Embassy compound in Baghdad’s Green Zone was struck early Saturday, with thick smoke seen rising from the compound. The UAE Consulate General in Erbil was hit the same day, the second attack on it in a week, wounding two security guards.

“The state, through its constitutional institutions, will continue pursuing those involved in this condemned and rejected act,” he said.

He also condemned strikes on PMF members within Iraq’s security forces. “We will not accept our service members being exposed to such threats and we will do everything within our power to protect them,” Sudani said — hours after warplanes struck several PMF positions in Tuz Khurmatu district, wounding four fighters, two seriously.

Neither the United States nor Israel has claimed responsibility for strikes on PMF positions in Iraq. The PMF said Thursday that 32 airstrikes have hit its positions across seven governorates since the war began Feb. 28.

Iran-aligned factions under the Islamic Resistance in Iraq umbrella, including Kataib Hezbollah, Asaib Ahl al-Haq, Kataib Imam Ali and Harakat al-Nujaba, have claimed responsibility for numerous drone and rocket attacks on alleged U.S.-linked targets since the war began.  link

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Mot: **The Butter Battle**

For years, a sweet old French lady ran a small shop in her village. Life was simple and peaceful—until a massive corporate supermarket opened its doors right across the street.

Wasting no time, the supermarket plastered a bold sign outside: **Butter – 10 euros.**

 Not one to shy away from competition, the old lady promptly placed her own sign in the shop window: **Butter – 9 euros.**

The supermarket retaliated the next day: **Butter – 8 euros.**

Unfazed, the old lady updated her sign again: **Butter – 7 euros.**

 This price war went on for days, each lowering their price further. Eventually, a worried customer stepped into the old lady’s shop and pointed at her sign.

“Madame,” he said, “you can’t keep this up! Those big supermarkets can afford it, but a small shop like yours? You’ll be ruined!”

The old lady leaned in with a sly smile and whispered,

“Monsieur, I don’t even sell butter.”

MilitiaMan and Crew: IQD News Update-Iraq's Quiet Path-Global Financial Integration

MilitiaMan and Crew: IQD News Update-Iraq's Quiet Path-Global Financial Integration

3-15-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

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Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=BIrf6eszZks