Iraq Economic News And Points To Ponder Monday Morning 3-23-26

Central Bank: New Measures To Address Banks' Inability To Deal In Dollars

Banks     Economy News – Baghdad   The Central Bank of Iraq announced on Sunday that it has taken several measures to address the problems of Iraqi banks that are unable to deal in dollars.

The director of the transfers department at the Central Bank, Ahmed Dawood Salman, said that "the Central Bank is continuing its procedures with international auditing companies in order to audit the previous transfer process that led to some Iraqi banks being deprived of dollars or any problems that Iraqi banks were facing that led to them being deprived of dealing in dollars."

He added that "there are several conditions and procedures that the Central Bank has imposed on banks, as the Director General of the Investment Department for Foreign Transfers and the Director General of the Banking Supervision Department are working on this matter with the auditing firm (Olive Wyman) and we will continue and we will notice the changes in the coming days." https://www.economy-news.net/content.php?id=67006

Greece Allocates 300 Million Euros To Address The Repercussions Of The War

Money and Business   Economy News — Follow-up   Greek Prime Minister Kyriakos Mitsotakis announced a €300 million support program for fuel and fertilizers, aimed at mitigating the effects of the war in the Middle East.

The Prime Minister said the Greek government would implement this program during April and May, given the continued global economic instability.

The Greek prime minister explained on Tuesday that Europe must prepare short- and long-term measures to support consumers and businesses as energy prices rise as a result of the conflict in the Middle East.

He stated that no one can predict the end of the Iran war, and expressed his hope that it would not last long, according to Reuters.    https://www.economy-news.net/content.php?id=67049

Iraq Asserts Its Maritime Rights At The United Nations... A Sovereign Move That Faces Kuwaiti And Gulf Objections!

Reports    Economy News – Baghdad   In a remarkable diplomatic and legal development, Iraq officially deposited its maritime maps with the United Nations based on the United Nations Convention on the Law of the Sea, which opened the door to a political and legal debate with Kuwait, and broad Gulf solidarity with the Kuwaiti position.

According to an official notification issued by the United Nations (reference MZN172.2026.LOS) dated 18 February 2026, Iraq deposited on 19 January and 9 February 2026 lists of geographical coordinates accompanied by an illustrative map, pursuant to Article 16, paragraph 2, Article 75, paragraph 2, and Article 84, paragraph 2 of the Convention.

The deposit relates to determining straight baselines and baselines originating from island elevations, in addition to measuring the territorial sea, contiguous zone, exclusive economic zone and continental shelf, with the adoption of the World Geodetic System (WGS-84) as a reference for coordinates, and this procedure replaces previous deposits in 2011 and 2021.

On December 3, 2025, Iraq officially deposited its maritime boundary map with the United Nations, pursuant to Cabinet Resolution No. (266) of 2025. This resolution approved the map, which was prepared by an Iraqi technical and legal team that conducted hydrographic studies and measurements to determine the coordinates in accordance with relevant international agreements.

The map also affirms respect for the rights of neighboring countries and guarantees freedom of navigation and the smooth flow of traffic.

The Iraqi government reiterated its commitment to the relevant Security Council resolutions concerning relations with Kuwait and its intention to continue the technical and legal process for demarcating the maritime boundary beyond marker 162, as part of its efforts to resolve outstanding issues and build balanced relations with neighboring countries.

The Iraqi Ministry of Foreign Affairs stressed in a statement issued on February 22, 2026, that the decision to deposit the map of maritime zones is a sovereign matter based on national laws, the provisions of the United Nations Convention on the Law of the Sea, and the rules of international law.

It emphasized that the determination of maritime zones came to collect and complete previous legal procedures in one document supported by accurate coordinates, taking into account the development in international law of the sea, including the expansion of the coastal state’s jurisdiction, and noting that no state has the right to interfere in this matter, while Iraq respects the provisions and principles of international law.

In response, the Kuwaiti Ministry of Foreign Affairs asserted that the list of coordinates and map submitted by the Republic of Iraq to the United Nations, as it described it, infringes upon Kuwait's sovereignty over its maritime zones and established and stable watersheds in relation to Iraq, such as Fasht al-Qaid and Fasht al-Aij, over which Kuwait maintains its full sovereignty has never been disputed.

The Kuwaiti Foreign Ministry summoned the Iraqi chargé d'affaires to deliver a formal protest note, urging Baghdad to consider the historical relationship between the two countries and to act responsibly in accordance with the rules of international law, the provisions of the United Nations Convention on the Law of the Sea, and bilateral understandings and agreements.

The UAE, Saudi Arabia, Qatar, and Bahrain announced their solidarity with Kuwait in the measures it is taking to protect its rights and interests, affirming their rejection of any infringement on its sovereignty or claims affecting its maritime zones, and stressing the importance of adhering to international law and the provisions of the 1982 agreement.

 Saudi Arabia also affirmed its categorical rejection of any claims by any other party to rights in the submerged divided zone adjacent to the Saudi-Kuwaiti divided zone, noting the need to respect Security Council Resolution 833 concerning the demarcation of the border between the two countries.

On the domestic front, MP Mohammed Jassim Al-Khafaji asserted that the Kuwaiti map of maritime areas demonstrates the extent of the encroachment on Iraqi territorial waters, considering that this explains Kuwait’s strong objection to the new Iraqi map.

He explained that the Iraqi map was prepared by a technical and legal committee of 24 members formed under Diwani Order No. 480 of 2024, and included Iraqi experts along with two foreign experts, one German and the other Lebanese.

He indicated that the Kuwaiti map was approved under Amiri Decree No. 317 of 2014, while Iraq completed its map in 2026, after about 12 years, stressing that the file requires follow-up and a strong will to protect sovereign rights.

For his part, Jamal Al-Halbousi, an expert on borders and international waters, confirmed that the preparation of the map of Iraqi maritime areas was done according to a professional technical and legal process with the participation of Iraqi and international experts, and that the joint Iraqi-Kuwaiti committee held 13 meetings and had been aware of the map for several months.

He pointed out that the map was presented in February 2025 to the German expert, Rodger Wolfren, the former head of the Sea Court, who expressed his support for the professionalism of the work, noting that there was what he described as an overreach in the Kuwaiti map issued in 2014.

He explained that a specialized committee within the Department of Marine Sciences at the United Nations studied the map and found it, according to his statement, to be consistent with the provisions of the 1982 United Nations Convention on the Law of the Sea in terms of the measurements and materials used.

He indicated that the map defined Iraq's maritime extent as 86 nautical miles from the baseline, comprising 12 nautical miles for the territorial sea, 12 nautical miles for the contiguous zone, and 62 nautical miles for the exclusive economic zone, noting that some fields share the contiguous and exclusive economic zones. https://www.economy-news.net/content.php?id=65982

United Airlines Is Preparing For A Scenario In Which Oil Prices Could Reach $175 A Barrel.

Energy  Economy News — Follow-up   United Airlines has announced its intention to reduce the number of its flights in the coming months, in a move aimed at limiting losses resulting from the sharp rise in jet fuel prices, against the backdrop of the war in the Middle East.

The company's CEO, Scott Kirby, said the company is preparing for a scenario in which oil prices could reach $175 a barrel, while remaining above the $100 level until the end of 2027.

He noted that these levels could raise the company's annual fuel bill by about $11 billion, exceeding its profits in its best years.

According to the company, about 5% of operating capacity will be reduced this year by cancelling less profitable flights, especially during periods of weak demand, with some international routes being suspended.

https://www.economy-news.net/content.php?id=67046

Collapse Has Started - GET OUT Of System NOW | Bill Holter

Collapse Has Started - GET OUT Of System NOW | Bill Holter

Liberty and Finance:  3-21-2026

Bill Holter delivers a stark warning: the global financial system may already be in the early stages of collapse.

He points to rising bond yields, stress in private credit markets, and restricted investor withdrawals as signs of a systemic breakdown.

Holter argues that excessive global debt has made the system fragile, where higher interest rates act like “kryptonite” to markets built on leverage.

He also explains why traditional protections like FDIC insurance may not hold in a full-scale crisis. His conclusion is clear and urgent: the safest assets are those without counterparty risk, especially physical gold and silver.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Debt crisis

10:30 Get out of the system

15:38 Gold & silver "volatility"

21:10 Pre-33 gold & junk silver

24:30 Gold & silver outlook

https://www.youtube.com/watch?v=CuYgUmiKvp8

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 3-22-26

Good Afternoon Dinar Recaps,

Currency Power Shift: China Accelerates Yuan Expansion in Global Trade System

Beijing pushes cross-border payment reforms as the dollar faces growing structural pressure

Overview (Key Points)

China is accelerating the internationalization of the yuan, signaling a major shift in the global currency landscape.

The People’s Bank of China (PBOC) confirmed efforts to expand the yuan’s role in cross-border trade, payments, and financial cooperation.

This move comes as global tensions and financial fragmentation push countries to diversify away from the U.S. dollar.

The development represents a key pillar of a potential global financial reset—reshaping how trade and settlements occur worldwide.

Key Developments

1. China Expands Cross-Border Yuan Usage

China is actively promoting the yuan for:

• Trade settlement

• International payments

• Financial agreements with partner nations

This reduces reliance on dollar-based systems and strengthens currency independence.

2. BRICS and Global South Adoption Grows

Countries aligned with BRICS are increasingly:

• Settling trade in local currencies

• Reducing exposure to U.S. financial systems

• Building alternative financial frameworks

This reflects a broader trend toward a multipolar currency system.

3. Payment System Diversification Intensifies

China is developing a more efficient and diversified cross-border payment infrastructure, challenging traditional systems.

This includes:

• Faster settlement mechanisms

• Reduced dependency on Western-controlled networks

• Increased financial sovereignty

4. Strategic Outreach to Europe and Emerging Markets

China is expanding discussions with:

• European Union partners

• Latin American economies

• Asian trade networks

This indicates the yuan push is not limited to BRICS—but global in scope.

5. Gradual but Strategic Shift

While not an overnight change, the process is:

• Deliberate

• Incremental

• Structurally significant

This aligns with a long-term strategy to elevate the yuan’s global role.

Why It Matters

The global financial system is heavily dependent on the U.S. dollar as the primary reserve currency.

A shift toward alternative currencies:

• Reduces dollar dominance

• Alters global trade dynamics

• Reshapes financial power structures

Why It Matters to Foreign Currency Holders

Currency diversification impacts:

• Exchange rates

• Reserve holdings

• Trade settlement flows

As more trade shifts away from the dollar, currency valuations may rebalance globally.

Implications for the Global Reset

• Pillar 1: Multipolar Currency System Emerging

The rise of the yuan signals movement toward a multi-currency global system.

• Pillar 2: Financial Infrastructure Transformation

Alternative payment systems could:

• Reduce reliance on legacy networks

• Increase regional financial independence

• Accelerate systemic change

Conclusion

China’s push to internationalize the yuan is a strategic move with global implications.

It represents a gradual but powerful shift in how money moves across borders—and who controls it.

As adoption grows, the foundations of the current financial system may continue to evolve.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru — "China announces internationalization of the yuan"

• Reuters — "China pushes yuan usage in global trade and finance"

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Debt Alarm Intensifies: U.S. Fiscal Trajectory Raises Global Financial Stability Concerns

Rising deficits and debt projections amplify pressure on the world’s reserve currency system

Overview (Key Points)

New projections show U.S. debt is on track to reach $64 trillion within a decade, raising serious concerns about long-term fiscal sustainability.

The Congressional Budget Office (CBO) warns that deficits and borrowing are accelerating, with debt-to-GDP ratios climbing to historic levels.

At the same time, BRICS nations are reducing exposure to U.S. Treasuries, signaling shifting global confidence dynamics.

This convergence highlights a critical issue: the foundation of the global financial system is under increasing strain.

Key Developments

1. U.S. Debt Projected to Surge

The CBO projects:

• $64 trillion total debt within 10 years

• $24+ trillion in cumulative deficits

• Debt-to-GDP rising toward 120% and beyond

This trajectory is widely viewed as unsustainable over the long term.

2. Interest Payments Explode Higher

Debt servicing costs are expected to:

• Exceed $1 trillion annually in the near term

• Reach over $2 trillion by 2036

This means interest payments could surpass major government spending categories, including defense.

3. BRICS Nations Reduce Treasury Exposure

Countries like:

• China

• India

• Brazil

are cutting holdings of U.S. Treasuries, signaling a shift in global reserve behavior.

This reflects growing concern over:

• Dollar stability

• U.S. fiscal health

• Long-term value preservation

4. Structural Deficits Persist

Key drivers of rising deficits include:

• Government spending increases

• Tax policy changes

• Higher defense and security costs

Even offsetting measures like tariffs are not enough to close the gap.

5. Confidence in the System Faces Pressure

As debt rises and foreign demand shifts, the U.S. faces:

• Greater reliance on domestic financing

• Higher borrowing costs

• Increased financial vulnerability

Why It Matters

The U.S. dollar underpins:

• Global trade

• Reserve systems

• Financial markets

Rising debt challenges confidence in that foundation.

Why It Matters to Foreign Currency Holders

Shifting debt dynamics can lead to:

• Currency volatility

• Changes in reserve allocations

• Repricing of global assets

This may influence long-term currency value trends.

Implications for the Global Reset

• Pillar 1: Debt Sustainability Crisis

Rising debt highlights vulnerabilities in a system built on continuous borrowing and expansion.

• Pillar 2: Shift Toward Alternative Systems

As confidence evolves, countries may:

• Diversify reserves

• Increase gold holdings

• Expand non-dollar trade

Conclusion

The latest U.S. debt projections underscore a growing structural challenge at the heart of global finance.

As debt rises and global behavior shifts, the system is being tested in ways not seen in decades.

This is not an immediate collapse—but a gradual transformation that could redefine the global financial order.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher.Guru — "CBO warns US debt will reach $64 trillion in a decade"

• Congressional Budget Office — "Budget and Economic Outlook 2026–2036"

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

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 Sunday Afternoon 3-22-26

IRI Spokesman: US, NATO Seek 24-Hour Truce In Iraq For Withdrawal - 3/22/2026

2026-03-   Shafaq News- Baghdad   The United States and NATO have sought a 24-hour truce in Iraq to secure a withdrawal via Baghdad International Airport, an Iraqi armed faction within the Islamic Resistance in Iraq (IRI) said on Sunday.

 In a statement, the military spokesperson for Awliyaa Al-Dam Brigades, Abu Mahdi Al-Jaafari, clarified that the request was directed to the Islamic Resistance in Iraq (IRI).

Several factions accepted the truce on condition that Popular Mobilization Forces (PMF) sites are not targeted between Samarra and Karbala, allowing US and NATO forces to exit a US diplomatic support facility near the airport toward Turkiye.

 He added that NATO aircraft failed to land at the facility a day earlier due to heavy fire.

 Meanwhile, NATO said it had withdrawn all mission personnel from Iraq to Europe, as the IRI claimed 21 attacks in 24 hours using drones and missiles against US-linked targets. (And all the GOI has done was talked about it - no action against the IRI).https://shafaq.com/en/Security/US-NATO-seek-24-hour-truce-in-Iraq-for-withdrawal

Read more: Iraq’s Islamic Resistance after Ali Khamenei: loyalty, fragmentation, and the test of Mojtaba’s leadership

Dollar Steady In Iraq As Eid Holiday Halts Trading

2026-03-22 Shafaq News- Baghdad/ Erbil  The US dollar exchange rates held steady against the Iraqi dinar on Sunday as official trading remained suspended during the Eid holiday, with only limited activity in local markets.

In Baghdad, a small number of exchange shops continued operating, with the dollar selling at 155,500 dinars per $100 and buying at 154,500 dinars.

In Erbil, markets maintained Thursday’s closing rates, with selling at 154,600 dinars and buying at 154,500 dinars per $100, ahead of the Eid al-Fitr break.   https://www.shafaq.com/en/Economy/Dollar-steady-in-Iraq-as-Eid-holiday-halts-trading

Gold Drops As Strong Dollar Weigh On Demand

2026-03-  Shafaq News- Baghdad   Gold prices fell sharply in global markets, pressured by a stronger US dollar and rising bond yields, reducing the metal’s appeal to investors.

Prices declined from $5,717 per ounce to $5,542 at close, a drop of $175, according to market data.

Economic analyst Mohammed Al-Hassani told Shafaq News that higher US interest rates and dollar strength have weakened demand for gold as a safe haven, despite ongoing geopolitical risks.

He noted that the Federal Reserve recently raised interest rates by 0.25% and signaled further monetary tightening, prompting investors to shift toward fixed-income assets.

Al-Hassani said gold could remain under short-term pressure as the dollar holds firm, while longer-term demand may rebound if geopolitical tensions intensify or the dollar weakens. https://www.shafaq.com/en/Economy/Gold-drops-as-strong-dollar-weigh-on-demand

The Speaker Of The Iranian Parliament Warns Financial Entities That Fund The US Military Budget

Iran – One News  3/22/2026  Iranian Parliament Speaker Mohammad Baqer Qalibaf warned that financial entities that fund the US military budget are legitimate targets, in an unprecedented escalation against economic institutions linked to Washington. 

He asserted that US Treasury bonds are “stained with the blood of Iranians,” arguing that anyone who buys them exposes their headquarters and assets to potential attacks. 

He stressed that Tehran is monitoring investment portfolios, issuing what he described as a “final warning” to investors and financial institutions. https://1news-iq.net/رئيس-البرلمان-الإيراني-يحذر-الكيانات/

Geymar And Kahi Keep Eid Al-Fitr Mornings Alive In Baghdad

2026-03-21 Shafaq News   For many Iraqi families, especially in Baghdad, Eid al-Fitr begins with a familiar breakfast: Geymar and Kahi served with tea, a tradition that has long marked the first morning after the end of Ramadan.

Kahi, widely seen as a defining Iraqi breakfast treat, is made of layers of light, flaky pastry often drizzled with syrup and paired with Geymar, a thick clotted cream, creating a rich and indulgent meal.

After 30 days of fasting and abstaining from breakfast, families gather around a tray of Geymar and Kahi in a ritual that signals both the end of the fasting month and the start of the holiday.

Beyond the meal itself, the tradition carries a strong social meaning. The morning gathering, paired with Eid greetings, kisses on the forehead, and shared tea, turns the breakfast table into a space for family reunion and celebration.

Ali al-Ward, a historian and researcher in Iraqi folklore, told Shafaq News that Iraqis have long held on to customs that symbolize Eid and serve important social purposes.

“There is nothing more beautiful than a family gathering around the table, exchanging morning greetings, Eid wishes, and kisses on the foreheads of fathers, mothers, wives, and children,” he said. “That helps break the monotony of daily routine and brings family members closer together.”

Al-Ward said Baghdad still sees heavy demand for Geymar and Kahi on the first day of Eid, with some residents traveling long distances to buy them. He noted that areas such as al-Sadriya, al-Kadhimiya, and Bab al-Muadham were once especially known for their geymar sellers, attracting customers from across the capital.

He also recalled how the trade used to look different. Before Geymar and Kahi became staples of restaurants and specialty shops, women selling Geymar would sit on the ground with large trays in front of them, replacing each empty tray with a new one as soon as it sold out.

“Today’s shops no longer offer the same flavor or cleanliness people remember from earlier decades, despite displaying the food behind glass,” he recalled, suggesting that part of what has been lost is the spontaneity and warmth that once shaped the relationship between sellers and customers.

Large demand

The strong demand for Geymar at dawn on the first day of Eid pushes sellers to sharply increase their production.

Umm Hassan, a seller in al-Kadhimiya, told Shafaq News that on ordinary days she prepares two trays for sale and sets up at around 6:00 a.m. each morning. “But the first day of Eid is different…People rush to buy Geymar very early. Some come as early as 4:00 a.m., so I prepare as many trays as I can and head out at 3:00 a.m. to sell.”

For many families, the meal is inseparable from the feeling of Eid itself.

Hayfaa Ali said the holiday does not feel complete without the family gathering around a tray of Geymar and Kahi. She said her husband has long made a habit of waking early, leaving the family asleep, and heading out to buy Geymar from a woman named Hayat, who sells it beside a bakery making fresh Kahi and hot Samoon bread.

“The first breakfast after Ramadan has a special taste,” Ali said. “Geymar and Kahi is a rich and delicious meal that brings the family together as part of the Eid rituals we know every year.”

Another Baghdad resident, Abdul Ghani al-Saadi, said his family especially enjoys eating Geymar and Kahi during Eid, which he buys from al-Sadriya. “Geymar from al-Sadda and al-Saydiya has the best taste, while the Kahi made by Abu Hamziya stands apart from all others.”

Despite changes in time, place, and lifestyle, Geymar and Kahi remain part of Baghdad’s Eid identity, preserving a tradition that continues to connect celebration with memory, family, and the city’s older rhythms.

https://www.shafaq.com/en/Report/Geymar-and-Kahi-keep-Eid-al-Fitr-mornings-alive-in-Baghdad

“Tidbits From TNT” Sunday 3-22-2026

TNT:

Tishwash:  For this reason, dollar trading has stopped in Baghdad.

No exchange rates for the US dollar against the Iraqi dinar were recorded today, Saturday, in the markets of the capital, Baghdad, due to the suspension of trading coinciding with the Eid holiday.

Despite the near-total closure of the markets, some exchange shops continued to operate on a limited basis in various areas of Baghdad, where the selling price of the dollar reached about 155,500 dinars per 100 dollars, while the buying price recorded 154,500 dinars.

In Erbil, the markets had ended their trading last Thursday before the start of the Eid holiday, with prices reaching 154,600 dinars for selling and 154,500 dinars for buying per 100 dollars.  link

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Tishwash:  Urgent call to declare an "emergency government" in Iraq

 Former Speaker of Parliament, Mahmoud al-Mashhadani, on Saturday called for the declaration of a 45-day emergency government.

Al-Mashhadani said in a post: “I appeal to the parliamentary blocs, the Speaker of Parliament, and his two deputies to hold an extraordinary session and declare an emergency government for 45 days.”

It is worth noting that a source within the coordinating framework that brings together the ruling Shiite political forces in Iraq told Shafaq News Agency last Monday that the coalition leadership agreed to postpone deciding on a prime ministerial candidate until after the end of the ongoing regional war between the United States and Israel against Iran .

The Coordination Framework had officially nominated Maliki on January 24, a move that opened the door to negotiations to form the new government, but the process faltered as disagreements continued over the election of the President of the Republic, the constitutional entitlement that precedes assigning the candidate of the largest bloc to form the government . 

However, al-Maliki’s nomination was met with rejection from some Sunni forces, as well as parties within the Shiite bloc itself, in addition to strong rejection from the American administration, whose president, Donald Trump, threatened at the time that Washington would stop its aid to Iraq if al-Maliki assumed the premiership  link

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Tishwash: Iraq declares force majeure on oil fields operated by foreign companies

Iraq has declared a state of “force majeure” on all oil fields developed by foreign oil companies due to the turmoil caused by the US-Israeli-Iranian war.

Reuters quoted three energy officials as saying on Friday that the announcement came after military operations in the region disrupted navigation through the Strait of Hormuz, causing most of Iraq's crude oil exports to halt.

The Iraqi Oil Ministry confirmed in a letter dated March 17, seen by Reuters, that the disruptions in the Strait of Hormuz and the repercussions of the war in the region had pushed storage capacity to its limits, noting that international partners were unable to nominate tankers to load crude oil, thus preventing exports.

The ministry explained that it had issued an order to completely halt production in the affected concession areas based on the existing situation, without this measure entailing any compensation under the terms of the contracts.

The ministry stressed that this reduction will be subject to periodic review according to developments in the regional situation, calling on companies to hold urgent talks to agree on basic operations, costs and labor, under the conditions of “force majeure”.

In a related context, Iraqi Oil Minister Hayyan Abdul Ghani said that crude production at the Basra Oil Company had decreased from 3.3 million barrels per day to 900,000 barrels per day, after exports from the country’s ports were halted, noting that the quantities produced were being pumped to operate refineries.

These measures come at a time when global energy markets are facing increasing challenges as a result of geopolitical tensions and military escalation in the Middle East, prompting a number of countries to take exceptional measures to ensure the stability of supplies and avoid sharp price fluctuations.  link

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

Tishwash:  The G7 demands that Iran immediately halt the attacks and threatens to take "necessary measures".

The foreign ministers of the G7 group of nations on Saturday called on Iran to immediately and unconditionally halt its "unjustified" attacks, stressing the importance of protecting maritime routes, including the Strait of Hormuz.

A joint statement issued by the foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, as well as the top diplomat of the European Union, read: "We express our support for our partners in the region in the face of the unjustified attacks by the Islamic Republic of Iran and its proxies."

The G7 foreign ministers expressed their readiness to take "necessary measures" to support global energy supplies, adding: "We condemn in the strongest terms the regime's reckless attacks against civilians and civilian infrastructure, including energy infrastructure."

These statements come amid an unprecedented escalation by Iran, which in recent weeks has carried out missile and drone attacks on countries in the region in response to Israeli and American attacks.

The escalation also coincides with growing concerns about the threat to international navigation in the Strait of Hormuz, through which about one-fifth of the world’s oil supply passes, raising the likelihood of market disruption and higher energy prices if the conflict widens  link

Mot: Snoring

Seeds of Wisdom RV and Economics Updates Sunday Morning 3-22-26

Good Morning Dinar Recaps,

Global Reset Series – Part 5

Two Financial Worlds: The Rise of Parallel Global Payment Networks

Emerging economies are developing alternative financial infrastructure alongside the traditional Western system.

Overview

The global financial system is gradually evolving toward a more multipolar structure.

While traditional institutions remain dominant, many emerging economies are building additional financial networks designed to operate alongside existing systems.

These efforts are occurring through alliances such as BRICS.

Key Developments

1. The traditional financial system remains powerful

Institutions central to the existing system include:

• International Monetary Fund• World Bank• SWIFT

These institutions form the core architecture of global finance.

2. Emerging economies are building additional infrastructure

Several countries are exploring alternative systems, including:

• regional payment networks• local-currency trade settlement• CBDC interoperability

Countries involved include:

• China• India• Brazil• Russia

3. The goal is greater financial resilience

Rather than replacing the current system, many governments are seeking additional financial channels that reduce dependence on any single network.

Why It Matters

A more multipolar financial system could lead to:

• multiple global payment networks• greater use of regional currencies• more diversified financial alliances

Why It Matters to Foreign Currency Holders

These developments help explain why the global monetary system may gradually evolve rather than change suddenly.

Implications for the Global Reset

• Pillar 1 — Financial Multipolarity

Multiple payment networks could reshape global financial relationships.

• Pillar 2 — Trade Settlement

Countries may gain greater flexibility in how they settle international trade.

Seeds of Wisdom Team View

Financial power historically shifts slowly.

The emergence of parallel financial infrastructure suggests the world may be entering a more decentralized global monetary environment.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• International Monetary Fund – Global Financial Stability Reports

• Bank for International Settlements – Global Payment Systems Research

~~~~~~~~~~

🌱 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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RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

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 Sunday Morning 3-22-26

South Korea Is Preparing An Additional $17 Billion Budget Due To The Iran War

Money and Business   Economy News - Follow-up   A spokesman for the ruling party said on Sunday that South Korea will set aside a supplementary budget of about 25 trillion won ($16.61 billion) to support those affected by rising oil prices due to the conflict in the Middle East.

The spokesman added, after a meeting between the ruling Democratic Party and the government, that an additional government spending plan would be prepared as soon as possible, and that the expected surplus tax revenues for this year would be used without issuing treasury bonds to minimize any impact on the market, according to Reuters.

South Korea announced it is holding talks with Iran after Iranian Foreign Minister Abbas Araqchi said Tehran might allow Japanese ships to pass through the Strait of Hormuz.

South Korea's foreign ministry said in a statement on Saturday that it is holding "multifaceted" talks with Iran and other relevant countries to find ways to protect its citizens and "secure energy transport routes." https://www.economy-news.net/content.php?id=67014

Iraq Has The Third Largest Gold Reserves In The Arab World, With 174.6 Tons.

Economy News – Baghdad   The latest official global gold reserves data for March 2026 shows that Iraq and five other Arab countries have combined reserves exceeding the 1,000-ton mark.

Saudi Arabia topped the list of Arab countries with a reserve of 323.1 tons, followed by Lebanon with 286 tons, while Iraq came in third among Arab countries with a reserve of 174.6 tons, then Algeria with 173.6 tons, followed by Libya with 146.7 tons.

According to data seen by Shafaq News, Iraq’s gold reserves amounted to 174.6 tons, which constitutes 24.6% of the country’s total foreign currency reserves.

Globally, the United States topped the list with a reserve of 8,133 tons, followed by Germany with 3,350 tons, then Italy with 2,451 tons, France came in fourth with 2,437 tons, while Russia came in fifth with a reserve of 2,326 tons.

The report added that Iraq purchased several quantities of gold during 2025, including one ton in March, 1.6 tons in June, 3.1 tons in July, 2.5 tons in August, and 3.8 tons in October.

It is worth noting that the World Gold Council, based in the United Kingdom, is one of the leading bodies specializing in analyzing global gold market trends and the factors affecting its prices. https://www.economy-news.net/content.php?id=67004

CBI: New Measures To Address Banks' Dollar Limitations

Today,   Baghdad –INA   The Central Bank of Iraq CBI announced on Sunday several measures to address the problems faced by Iraqi banks that have been denied access to US dollars.

Ahmed Dawood Salman, Director of the Transfers Department at the Central Bank, told the Iraqi News Agency (INA): "The Central Bank is continuing its procedures with international auditing firms to review past transfer processes that led to some Iraqi banks being denied access to dollars, or any other problems that have prevented Iraqi banks from dealing in dollars."

He added, "The Central Bank has imposed several conditions and procedures on banks. The Director General of the Investment Department for Foreign Transfers and the Director General of the Banking Supervision Department are working on this matter with the auditing firm Oliver Wyman, and we will see changes in the coming days." https://ina.iq/en/economy/46949-cbi-new-measures-to-address-banks-dollar-limitations.html

Iranian Ministry Of Petroleum: No Oil Available For International Markets

The spokesperson for the Iranian Ministry of Petroleum, Saman Qoddusi, has responded to statements made by U.S. Treasury Secretary Scott Bessent regarding the lifting of sanctions on Iranian oil currently held on tankers to assist in lowering global prices.

Writing on the "X" platform, Qoddusi stated: "At the present time, Iran fundamentally possesses no floating crude oil or surplus supply for other international markets."

He added: "The statement by the U.S. Treasury Secretary is intended solely to offer hope to buyers and exercise psychological control over the market."

Bessent had previously remarked that "in the coming days, we may lift sanctions on Iranian oil located at sea, the quantity of which amounts to approximately 140 million barrels."

He indicated that releasing sanctioned Iranian oil into global supplies would contribute to reducing crude prices within the next 10 to 14 days.

Source: News Agencies  https://ina.iq/en/economy/46888-iranian-ministry-of-petroleum-no-oil-available-for-international-markets.html

Iraq: Gradual Return Of Iranian Gas Supply

INA – BAGHDAD   The Ministry of Electricity announced on Saturday the gradual return of Iranian gas supply.

"The flow of Iranian gas to Iraq resumed at a rate of five million cubic meters. These quantities have been gradually restored to bolster the national energy grid and increase the operational capacity of power plants," said Ministry spokesman Ahmed Moussa.

He added, "Power plants were affected by the temporary halt in Iranian gas supplies due to the bombing of the Iranian Pars gas field. This prompted the Ministry to adopt alternatives by utilizing domestic gas supplies to power some plants and coordinating with the Ministry of Oil to provide gas oil (diesel). The substations were ready to operate the power plants."

"Following the resumption of Iranian gas supplies, the national grid has stabilized production at 14,000 megawatts. The Ministry's plans are ongoing and on schedule to ensure readiness before the summer season," he explained.

Moussa affirmed that "the electricity situation is reassuring, alternatives are available, and we are proceeding with the regular plan. The system has recorded stability and good figures in terms of supply hours."

“Fuel and domestic gas are secured for the power plants, and there is excellent control over loads and a high degree of efficiency. There is a permanent operations room at the Ministry headquarters working to monitor and follow up on the system and transmission lines to achieve stability in operating hours," he elaborated. https://ina.iq/en/local/46902-iraq-gradual-return-of-iranian-gas-supply.html

Czech Prime Minister: (Israeli )Attack On Iranian Gas Field Severely Damaged Markets

Czech Prime Minister Andrej Babiš stated on Thursday that the (Israeli ) attack on an Iranian gas field was incomprehensible and had caused significant damage to global markets.   According to media reports on Wednesday, the (Israeli ) aggression targeted the largest natural gas processing facility in southwestern Iran.   https://ina.iq/en/46807-czech-prime-minister-israeli-attack-on-iranian-gas-field-severely-damaged-markets.html

US Imports Of Iraqi Oil Plunge Amid Hormuz Disruptions

2026-03-22  Shafaq News- Baghdad/ Washington   US imports of Iraqi crude fell sharply last week as supply flows through the Strait of Hormuz remained disrupted by escalating tensions in the Middle East, data from the US Energy Information Administration (EIA) showed on Sunday.

Iraqi exports to the United States dropped to 113,000 barrels per day (bpd), down from 309,000 bpd the previous week -a decline of 196,000 bpd.

Overall US crude imports from nine key suppliers rose to 6.391 million bpd, an increase of 592,000 bpd week-on-week.

Canada remained the top supplier at 3.805 million bpd, followed by Saudi Arabia (793,000 bpd), Mexico (640,000 bpd), and Venezuela (423,000 bpd).

Imports from Ecuador reached 271,000 bpd, Colombia 219,000 bpd, Brazil 70,000 bpd, and Nigeria 57,000 bpd, while no shipments arrived from Libya during the period.

The United States, the world’s largest oil consumer, uses roughly 20 million bpd, relying heavily on imports from a group of major suppliers.  https://www.shafaq.com/en/Economy/US-imports-of-Iraqi-oil-plunge-amid-Hormuz-disruptions

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 3-21-26

Good Afternoon Dinar Recaps,

Sanctions Shock Reversal: U.S. Moves to Release Iranian Oil as Energy Crisis Escalates

Emergency policy shift signals deep strain in global energy markets and financial stability

Overview

In a major geopolitical and financial shift, the United States has temporarily eased sanctions on Iranian oil to stabilize surging global energy prices.

The move comes as the war-driven energy crisis pushes oil prices sharply higher and threatens global economic stability.

Approximately 140 million barrels of oil are being released into global markets, highlighting the urgency of the situation.

This decision reflects a deeper reality: traditional policy tools are being stretched as the global system faces mounting pressure.

Key Developments

1. U.S. Relaxes Sanctions to Ease Supply Shock

The U.S. government authorized the release of Iranian oil already in transit, aiming to reduce immediate supply shortages and price spikes.

This marks a significant pivot from prior sanctions policy, signaling economic stabilization is now a priority.

2. Oil Prices Surge Above Critical Levels

Energy prices have risen over 50%, surpassing $100 per barrel, driven by war-related disruptions.

This rapid increase is feeding directly into global inflation and economic uncertainty.

3. Strait of Hormuz Disruption Drives Crisis

The effective disruption of the Strait of Hormuz, which carries about 20% of global oil supply, has intensified supply fears.

Without stable passage, even emergency measures may have limited long-term impact.

4. Policy Options Are Becoming Limited

The U.S. has already:

• Released strategic reserves

• Relaxed restrictions on other oil producers

• Adjusted shipping regulations

This latest move suggests fewer remaining tools to stabilize markets.

5. Global Energy System Under Stress

Despite intervention efforts, analysts warn that:

• Supply disruptions persist

• Infrastructure attacks continue

• Market volatility remains elevated

This indicates a systemic energy imbalance rather than a temporary disruption.

Why It Matters

Energy markets are the foundation of global economic stability.

When governments must reverse sanctions policy to stabilize markets, it signals:

• Severe supply stress

• Policy constraints

• Heightened systemic risk

Why It Matters to Foreign Currency Holders

Oil shocks drive:

• Currency volatility

• Inflation pressures

• Shifting capital flows

Countries dependent on energy imports face increased financial strain and currency weakness.

Implications for the Global Reset

• Pillar 1: Policy Flexibility Reaches Limits

Emergency actions like sanction reversals highlight fragility in the global economic framework.

• Pillar 2: Energy Becomes a Strategic Financial Lever

Control over energy flows is increasingly shaping:

• Trade systems

• Currency power

• Global alliances

Conclusion

The decision to release Iranian oil is not just a policy adjustment—it is a signal of stress within the global financial system.

When geopolitical strategy shifts to protect economic stability, it reveals how interconnected—and vulnerable—the system has become.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• The Guardian — "US lifts sanctions on Iranian oil to ease supply pressures"

• Reuters — "Iran war's energy impact forces world to pay up, cut consumption"

~~~~~~~~~~

Global Economy Hit by War Shock: Inflation, Growth, and Markets All Reprice at Once

Iran conflict triggers multi-layered economic disruption across energy, trade, and finance

Overview 

The global economy is being rapidly reshaped as the Iran war sends shockwaves across energy markets, trade systems, and financial forecasts.

Economists are now warning of:

• Higher inflation

• Slower economic growth

• Rising recession risks

What began as a regional conflict is evolving into a global economic event with systemic implications.

Key Developments

1. Economic Growth Forecasts Are Being Downgraded

Major institutions are revising projections downward, expecting:

• Slower GDP growth

• Reduced consumer spending

• Rising unemployment

The outlook has shifted from stability to heightened economic uncertainty.

2. Inflation Pressures Surge Globally

Oil price spikes are pushing inflation higher, with projections rising toward 3.7% in the near term.

This creates a ripple effect across:

• Food prices

• Transportation costs

• Household expenses

3. Energy Shock Ripples Into Supply Chains

The war is disrupting:

• Oil flows

• Fertilizer shipments

• Industrial production

This is impacting global food supply and manufacturing output.

4. Recession Risks Climb Sharply

Analysts now estimate nearly a 50% probability of recession, driven by:

• Energy shocks

• Inflation spikes

• Market uncertainty

This reflects a rapid deterioration in economic confidence.

5. Markets Struggle With Uncertainty

Financial markets are reacting to:

• Unpredictable geopolitical developments

• Volatile energy prices

• Shifting economic expectations

Uncertainty itself is becoming a major economic headwind.

Why It Matters

This is no longer just an energy issue—it is a full-spectrum economic disruption affecting:

• Growth

• Inflation

• Trade

• Financial markets

Why It Matters to Foreign Currency Holders

Economic instability drives:

• Currency fluctuations

• Capital flight from weaker economies

• Shifts in global reserve preferences

This can reshape currency dynamics worldwide.

Implications for the Global Reset

• Pillar 1: Economic Fragility Exposed

The rapid shift in forecasts highlights how sensitive the global system is to geopolitical shocks.

• Pillar 2: Acceleration of Structural Change

Countries may respond by:

• Diversifying trade and energy sources

• Reducing reliance on vulnerable supply chains

• Exploring alternative financial systems

Conclusion

The Iran war is transforming from a geopolitical conflict into a global economic stress test.

Inflation is rising, growth is slowing, and markets are repricing risk—all at the same time.

This convergence signals something deeper:
the global financial system is under pressure and actively adjusting to a new reality.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Investopedia — "Iran war is worsening the economic outlook"

• Reuters — "Iran war energy impact disrupts global economy"

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News And Points To Ponder Saturday Afternoon 3-21-26

India Refineries Eye Iranian Oil As US Eases Sanctions

2026-03-21 Shafaq News- New Delhi/ Tehran  Indian refiners are preparing to resume purchases of Iranian oil following a temporary easing of US sanctions, Reuters reported on Saturday, as Asia weighs options to ease a growing energy squeeze.

Three sources in India’s refining sector said companies plan to buy Iranian crude but are awaiting government guidance and clarification from United States authorities on payment terms and conditions.

The move follows a 30-day sanctions waiver issued under President Donald Trump, allowing purchases of Iranian oil already loaded onto vessels as of March 20, with unloading permitted until April 19, according to the Office of Foreign Assets Control (OFAC).  Industry sources said other Asian refiners are also exploring similar purchases, signaling a potential shift in regional supply flows.

Indian refiners, which hold relatively lower crude inventories than some Asian peers, have recently moved to secure alternative supplies, including Russian oil, after the easing of restrictions.

Iran’s oil ministry spokesperson Saman Qadousi said earlier that Tehran does not currently hold floating crude or surplus volumes in global markets, describing US statements as aimed at influencing market sentiment.

https://www.shafaq.com/en/Economy/India-refineries-eye-Iranian-oil-as-US-eases-sanctions

Oil Could Hit $170 If Hormuz Closure Persists

2026-03-21 Shafaq News – Baghdad   Fitch Ratings warned that oil markets could face sharp volatility in 2026 if the Strait of Hormuz remains closed amid ongoing regional conflict.

In a report, the agency said Brent crude could average $120 per barrel if the strait stays shut for six months, compared with around $100 under a three-month disruption scenario.

Fitch said shipping through Hormuz has been heavily affected by the war involving the United States, Israel, and Iran, raising concerns over global oil supply.

Under a shorter closure, prices could spike to $130 per barrel during the disruption, before easing to about $90 by year-end, the report said.

In a prolonged six-month scenario, Brent could trade between $130 and $170 per barrel during the closure period, before falling back toward $90 later in the year.

Fitch’s baseline forecast places Brent at an average of $70 per barrel in 2026, with a temporary rise to $100 in March, easing to $90 in the second quarter, and declining to around $60 thereafter.

https://www.shafaq.com/en/Economy/Oil-could-hit-170-if-Hormuz-closure-persists

USD/IQD Trading Halts In Baghdad And Erbil For Eid Al-Fitr

2026-03-21 Shafaq News- Baghdad/ Erbil   US dollar exchange rates were not officially recorded in Iraq on Saturday as trading activity halted for the Eid al-Fitr holiday.

Despite the market closure, a limited number of exchange shops continued operating in parts of Baghdad, with the dollar selling at around 155,500 Iraqi dinars per 100 dollars and buying at 154,500 dinars.

In Erbil, markets had closed their last session on Thursday ahead of the holiday, with rates recorded at 154,600 dinars for selling and 154,500 dinars for buying per 100 dollars.

https://www.shafaq.com/en/Economy/USD-IQD-trading-halts-in-Baghdad-and-Erbil-for-Eid-al-Fitr

Gold Prices Dip In Baghdad, Erbil Amid Eid Al-Fitr Slowdown

2026-03-21 Shafaq News- Baghdad/ Erbil  On Saturday, gold prices fell to around 1 million IQD per mithqal in Baghdad and Erbil markets, tracking a downturn in global exchanges alongside the Eid al-Fitr holiday.

In Baghdad, jewelry shops operated on a limited basis, with trading activity remaining weak. The selling price of 21-carat Gulf gold ranged between 995,000 and 1.005 million IQD per mithqal (equivalent to five grams), while Iraqi gold traded between 965,000 and 975,000 IQD.

In Erbil, prices mirrored the decline in Baghdad, with markets largely closed due to the holiday, curbing trading activity. Earlier data from Thursday showed 22-carat gold selling at 1,085,000 IQD per mithqal, 21-carat at 1,035,000 IQD, and 18-carat at 887,000 IQD.https://www.shafaq.com/en/Economy/Gold-prices-dip-in-Baghdad-Erbil-amid-Eid-al-Fitr-slowdown

Iraq Holds Power At 14,000 MW As Iran Gas Resumes

2026-03-21 10:30   Shafaq News- Baghdad    Limited Iranian gas supplies have resumed to Iraq, helping stabilize the national electricity grid at around 14,000 megawatts, the Electricity Ministry announced on Saturday.

In a statement, ministry spokesperson Ahmed al-Abadi described the system as operating under a “planned and closely monitored” framework. Resumed gas flows at about 5 million cubic meters per day helped contain the impact of the earlier disruption, he clarified, noting that the ministry managed alternatives, including reallocating domestic gas and coordinating with the Oil Ministry to secure substitute fuel.

https://www.shafaq.com/en/Economy/Iraq-holds-power-at-14-000-MW-as-Iran-gas-resumes

Strategic energy projects remain on track and unaffected by recent developments, the spokesperson added, citing combined-cycle upgrades, a liquefied gas platform in Khor al-Zubair, and electricity interconnection with neighboring countries as key pillars to strengthen grid capacity.

Earlier this week, Iranian gas supplies had stopped completely, cutting more than 3,000 megawatts from the national grid, according to the ministry. The disruption followed reported Israeli strikes on facilities linked to Iran’s South Pars gas field —part of the world’s largest offshore gas reserve shared with Qatar— and energy infrastructure in Asaluyeh.

Iraq continues to face chronic electricity shortages despite its oil wealth, with demand typically reaching 50,000–55,000 megawatts during peak summer months, compared to current production of about 27,000–28,000 megawatts. Iranian gas covers roughly 40% of the country’s fuel needs and supports nearly one-third of its electricity generation.

https://www.shafaq.com/en/Economy/Iraq-holds-power-at-14-000-MW-as-Iran-gas-resumes

Read more: Energy war nears Iraq: Oil infrastructure faces rising threat

The Strait Of Hormuz And The "Great Shock" Scenario: Can Iraq Withstand The Revenue Hit?

Reports   Economy News – Baghdad   The Iraqi economic situation today intersects with one of the most critical chokepoints in global energy trade: the Strait of Hormuz. With the escalating US-Iranian tensions and reports and leaks circulating about potential US military action against Iran, the strait has returned to the forefront not only as a shipping lane but also as a bargaining chip that could be used should diplomatic efforts collapse.

This tension coincides with negotiations that began in Muscat and then moved to Geneva, and with an increasing American military buildup in the region, while Iran monitors the movement of ships using speedboats, missile platforms, and radars that track the movements of the American fleet.

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

Within this context, talk of Hormuz does not seem to be merely a theoretical scenario. According to the aforementioned data, approximately 20 million barrels of oil pass through the strait daily, representing more than a quarter of seaborne oil trade and about 11% of the volume of global trade, which means that any disruption to it would have an “immediate shock” to markets, energy, marine insurance, and shipping costs.

Despite the continued passage of giant oil tankers and the uninterrupted movement, the “cautious calm” prevailing at the narrowest point of water in the region indicates that the market is reading the possibilities before they occur, and that the level of risk is priced in advance.

Iraq at the heart of the conflict

But the most sensitive aspect in this context is Iraq's position within the equation. Unlike some Gulf states that have alternative outlets and routes, Iraq practically relies on exporting via the south, through the Gulf, and then the Strait of Hormuz.

Here, expert statements stand out as a direct warning bell because they link "politics" to the immediate financial impact on the state and salaries. Economic expert Nabil al-Marsoumi lays out the scenario in numerical terms: if the Strait of Hormuz is closed, Iraq will be prevented from exporting its oil southward by sea, causing exports to plummet from 3.4 million barrels per day to a mere 210,000 barrels per day; of which 200,000 barrels would be transported via the Turkish port of Ceyhan and 10,000 barrels per day to Jordan by tanker.

Crucially, al-Marsoumi's analysis dismantles the "illusion of price compensation": even if the closure were to drive oil prices up to $150 per barrel, Iraqi oil revenues would still drop from approximately $7 billion per month to less than $1 billion, a level he estimates "only sufficient to cover 14% of salaries."

Al-Marsoumi attributes the fragility to the lack of ready alternatives, stressing that Iraq, unlike Saudi Arabia, the UAE and Iran, does not currently have complete alternative methods for exporting oil, concluding with a grim result that the country has no quick solutions other than "hoping to prevent war or to prevent a shutdown."

This description intersects with what oil and energy expert Kovand Sherwani puts forward, but from another angle it expands the circle of influence and shows the extent of Iraq's dependence on the strait.

Shirvani reminds us that any military confrontation and Iran's move to close the Strait of Hormuz would have major repercussions for global trade and oil supplies, because 20% of the world's oil passes through this strait.

Then he turns to the specific case of Iraq: More than 90% of Iraqi oil is exported through the Strait of Hormuz, meaning a loss of revenue from approximately 3.5 million barrels per day if exports cease. If the closure continues for a month, Iraq could lose more than $6 billion, representing nearly 90% of its total revenue. Herein lies the gravity of the situation: the problem is not the price increase or decrease, but rather the "severing of the artery" that funds the budget and the state.

Oil expert Haider Abdul-Jabbar Al-Batat's comment completes the analytical circle and readjusts public expectations: Yes, oil prices often rise globally at any threat to Gulf supplies, and this may give Iraq "temporary" financial gains under normal circumstances, but Al-Batat warns that any actual disruption to exports through the Gulf or closure of the Strait will mean a disruption to revenues despite the global price increase.

In other words: the market may push the price higher, but the Iraqi treasury will not catch these gains if the pipelines and ports are not operating, because the revenue is ultimately the product of the price and the exported quantities, and when the quantity drops to a small fraction, the "price increase" becomes incapable of saving the budget.

Conflicting media reports are circulating about the timing of a potential US strike on Iran. CBS reported that the strike could begin as early as Saturday, while the BBC indicated that the US military had informed the White House of its readiness to launch a strike by the end of the week.

Axios also reported a high probability of military action in the coming weeks, described as potentially "massive." Simultaneously, the same article stated that Iranian state television announced the closure of the Strait of Hormuz for several hours as part of "Smart Control of the Strait of Hormuz" exercises, with Revolutionary Guard naval commander Ali Reza Tangsiri stating that the decision to close the strait rested with senior regime officials and that readiness was in place "at any time."   https://www.economy-news.net/content.php?id=65900

Conflict, Energy Shock, and the New Financial System

Conflict, Energy Shock, and the New Financial System

Miles Harris:  3-21-2026

The world is on the cusp of a significant transformation in its financial systems, driven by the ongoing global conflict, energy shocks, and the need for a more resilient and transparent financial architecture.

In a recent video analysis, presenter Miles Harris offers a comprehensive examination of these events, challenging conventional narratives that focus solely on inflation, recession risks, and geopolitics.

 Instead, Harris positions these developments within a broader systemic redesign, where the current turmoil is not just about isolated economic or geopolitical factors, but about a fundamental shift in how financial systems operate.

The current financial system, characterized by opaque, credit-driven leverage models, is giving way to transparent, collateral-based programmable money ecosystems.

This transition is being driven by the need for greater resilience, speed, and transparency in financial transactions.

Energy, particularly oil and industrial metals like copper, plays a critical role in this transition, as disruptions in energy supply chains cause widespread ripple effects across industry, logistics, and food production, driving volatility and repricing in commodity and risk markets.

The divergence between the physical infrastructure and commodity supply, which faces strain and contraction, and the financial infrastructure geared toward digital, high-speed settlement, which is accelerating, highlights a paradox.

While copper prices have sharply declined, signaling demand destruction and economic contraction fears, the US stablecoin market capitalization has surged dramatically, indicating the rise of tokenized, programmable settlement systems underpinning the new financial architecture.

War acts as a catalyst in this transition by exposing systemic fragilities, accelerating deglobalization, legitimizing state intervention, and pushing the system towards greater transparency and surveillability.

The new financial order prioritizes collateral control, programmable strategic finance, and state-directed capital allocation, especially in strategic minerals critical for infrastructure and technological development. This shift entails a move from market-driven credit growth to prioritized resource allocation, where liquidity becomes harder and leverage more controlled.

The presenter foresees a divergence within commodity markets, where strategic commodities will likely gain price support through state backing and collateral prioritization, while others will remain volatile and demand-sensitive.

The mining sector, currently suffering due to energy cost inflation and supply disruptions, is positioned for eventual consolidation and efficiency improvements under the new system.

The video conveys a cautionary message about the implications of this transition.

While the new system promises resilience and faster settlements, it also entails enhanced surveillance, conditional access to money, and abstraction of finance through smart contracts.

This raises concerns about loss of clarity and autonomy for individuals, as financial access becomes increasingly conditional and controlled. To prepare for these changes, individuals may consider diversifying their assets, with physical silver being a potential safe haven amid the shift.

The ongoing global conflict, energy shocks, and the transition to a new financial system are interconnected and interdependent.

As the world navigates this complex landscape, it is essential to understand the broader systemic redesign underway. By recognizing the drivers and implications of this transition, individuals and organizations can better prepare for the changes ahead and navigate the emerging financial landscape.

 Watch the full video from Miles Harris to gain further insights and information on this critical topic.

https://www.youtube.com/watch?v=rBAKgIUi5Yc

“Tidbits From TNT” Saturday 3-2`-2026

TNT:

Tishwash:  Washington warns attacks by “Iran-aligned militias” threaten Iraq’s stability

 The US State Department on Wednesday condemned attacks by “Iran and Iran-aligned militias” targeting American interests in Iraq, warning that continued assaults could threaten the country’s stability and risk drawing it into “a broader regional conflict.”

A State Department spokesperson told Shafaq News that such incidents have repeatedly targeted “U.S. diplomatic personnel and facilities, civilian targets, and energy infrastructure in Iraq.”

The spokesperson also referred to recent remarks by US Secretary of State Marco Rubio, who urged Iraqi authorities to “take all possible measures to safeguard U.S. diplomatic personnel and facilities and ensure militia groups cannot use Iraqi territory to threaten the United States or the region,” noting, “Doing so is in Iraq’s interest.”  link

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

Tishwash: The dollar is manipulating the Shammar dishdashas, ​​but Rabia will not compromise on her Eid elegance.

The dollar is above 1500 dinars, and vendors are talking about prices that are double, even in the most remote cities of Iraq.

 With the arrival of Eid al-Fitr and people heading to the markets to shop, residents of Al-Awainat village, which belongs to the Rabi’a district in Nineveh, compare prices last year with current prices. Sellers say that a clear increase can be observed, reaching double the price for some goods. Rifa’i Shatti, the owner of a children’s clothing store, told 964 Network that children’s dresses were sold last year for prices close to 10,000 dinars, while this year they have reached 30,000 dinars.

In their simple analysis and reading of the market, the locals attribute this rise to the large increase in the dollar exchange rate, which exceeded the threshold of 155,000 dinars per hundred dollars, in addition to the new customs tariff system “ASYCUDA”, which ended the estimated customs duties on containers and turned them into specific customs duties for each imported item.

Sales at Hadhil Abdul Karim's wholesale food store were unaffected, because buying sweets is an indispensable part of the holiday traditions, no matter how high the prices rise.

Fadel Halil, a citizen from Al-Awainat village, told 964 Network that the used dishdasha (bare) he used to buy for Eid was much more expensive than last year, demanding fairness from shop owners and merchants. Anwar Tharwi, the owner of a men's (new) clothing shop, indicated that the price increase was also evident in his products.  link

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Tishwash: Washington grants temporary sanctions waiver for Iranian oil sales

The United States has granted a temporary 30-day sanctions waiver for the sale of Iranian oil at sea, in a move aimed at easing pressure on global energy supplies amid escalating military tensions in the region.

Reuters quoted US Treasury Secretary Scott Bisent as saying that the Trump administration had issued a general license allowing the sale of Iranian crude oil and petroleum products loaded onto ships, effective from March 20 to April 19.

Bisent explained that this step comes as part of efforts to increase supply in global markets, noting that opening this supply temporarily could add about 140 million barrels of oil, which would contribute to easing pressure on markets and stabilizing prices.

This is the third such exemption in about two weeks, indicating a phased US approach to dealing with the repercussions of disrupted energy supplies, in parallel with the continuation of sanctions imposed on Tehran.

These measures come at a time when global energy markets are facing increasing challenges as a result of geopolitical tensions, prompting a number of countries to take exceptional measures to ensure stable supplies and avoid sharp price fluctuations.  link

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From Recaps Archives

Mot:  ... Took hammer away from midget - ((( HUH?? )))

After every flight, UPS pilots fill out a form, called a "gripe sheet" which tells mechanics about problems with the aircraft. The mechanics correct the problems, documnt their repairs on the form, then pilots review the gripe sheets before the next flight.

Never let it be said that ground crews lack a sense of humor. Here are actual maintenance complaints submittd by UPS pilots ("P") and solutions recorded ("S") by maintenance engineers:

P: Left inside main tire almost needs replacement.

S: Almost replaced left inside main tire.

P: Test flight OK, except auto-land very rough.

S: Auto-land not installed on this aircraft.

P: Something loose in cockpit

S: Something tightened in cockpit

P: Dead bugs on windshield.

S: Live bugs on back-order.

P: Autopilot in altitude-hold mode produces a 200 feet per minute descent

S: Cannot reproduce problem on ground.

P: Evidence of leak on right main landing gear.

S: Evidence removed.

P: DME volume unbelievably loud.

S: DME volume set to more believable level.

P: Friction locks cause throttle levers to stick.

S: That's what friction locks are for.

P: IFF inoperative in OFF mode.

S: IFF always inoperative in OFF mode.

P: Suspected crack in windshield.

S: Suspect you're right.

P: Number 3 engine missing.

S: Engine found on right wing after brief search.

P: Aircraft handles funny.

S: Aircraft warned to: straighten up, fly right, and be serious.

P: Target radar hums.

S: Reprogrammed target radar with lyrics.

P: Mouse in cockpit.

S: Cat installed.

P: Noise coming from under instrument panel. Sounds like a midget poundng on something with a hammer.

S: Took hammer away from midget

Seeds of Wisdom RV and Economics Updates Saturday Morning 3-21-26

Good Morning Dinar Recaps,

Global Reset Series – Part 4

The Global Payment System Is Being Rebuilt

International regulators are working to modernize cross-border payments, which remain slow and costly despite advances in financial technology.

Overview

Cross-border payments remain one of the most outdated components of the global financial system.

Many international transfers still rely on complex correspondent banking networks, which can result in:

• slow settlement times• high transaction fees• limited transparency

To address these issues, the G20 has launched a global initiative to modernize payment infrastructure.

Key Developments

1. International institutions are coordinating reforms

Organizations leading these efforts include:

• Financial Stability Board• Bank for International Settlements• International Monetary Fund

These institutions are working to create faster, cheaper, and more transparent global payment systems.

2. New technologies are enabling faster settlement

Modern payment platforms are experimenting with:

• real-time payment networks• distributed ledger technology• multi-CBDC settlement platforms

These technologies could reduce cross-border settlement times from several days to minutes or even seconds.

3. The G20 has set ambitious targets

The reform initiative aims to:

• reduce transaction costs to around 1%• dramatically increase payment speed• improve transparency across international transfers

Why It Matters

Payment infrastructure is the plumbing of the global financial system.

Modernizing these systems could significantly improve global trade efficiency and financial integration.

Why It Matters to Foreign Currency Holders

A faster and more efficient payment system could change how currencies are exchanged and settled internationally.

This is one of the key pillars of any evolving global financial framework.

Implications for the Global Reset

• Pillar 1 — Global Settlement Infrastructure

Modern payment rails could enable near-instant international financial transactions.

• Pillar 2 — Financial Efficiency

Reduced costs and faster payments could increase global economic activity.

Seeds of Wisdom Team View

Payment systems often evolve quietly, but they shape how money flows across the world.

The modernization of global payment infrastructure may ultimately become one of the most important financial upgrades of the digital age.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Financial Stability Board – Cross-Border Payment Roadmap

• Bank for International Settlements – Payment System Research

~~~~~~~~~~

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 Saturday Morning 3-21-26

Wholesale Dollar Trading In Baghdad And Erbil Has Stopped Due To The Eid Holiday.

Money and Business   Economy News – Baghdad   No exchange rates for the US dollar against the Iraqi dinar were recorded today, Saturday, in the markets of the capital, Baghdad, due to the suspension of trading coinciding with the Eid holiday.

However, a limited number of exchange shops continued to operate in some areas of Baghdad, where the selling price was recorded at about 155,500 dinars per 100 dollars, while the buying price was 154,500 dinars.

In Erbil, the markets had closed their last transactions on Thursday, with prices reaching 154,600 dinars for selling and 154,500 dinars for buying per 100 dollars, before the start of the Eid holiday.   https://www.economy-news.net/content.php?id=66958

European Markets Suffered Weekly Losses As Oil Prices Rose And Investors Anticipated An Interest Rate Hike.

Money and Business   The recovery in European indices did not last long, as they closed with a collective decline on Friday, March 20, and suffered weekly losses, as oil prices rose and investors studied the cautious tone adopted by central banks across the continent during the previous session.

The pan-European STOXX 600 index fell 1.5%, reversing its morning gains. All major regional exchanges and sectors posted negative performance.

Meanwhile, the German DAX index fell by 1.94%, closing at 22,397.43 points.

The French CAC 40 index fell by 1.82% to 7,665.62 points.

Meanwhile, Britain’s FTSE 100 lost about 1.45% to 9,917.60 points.

The European Central Bank announced yesterday that the conflict has created upside risks to inflation and downside risks to economic growth, prompting traders to increase their bets on the likelihood of the ECB raising interest rates later this year.

Central Banks Hold Interest Rates Steady

British government bond yields continued their upward trend on Friday, as concerns about an inflationary shock driven by rising energy prices weighed on borrowing cost expectations. Yields on two-year bonds, which are most sensitive to the Bank of England's interest rate policies, jumped 20 basis points to 4.614%.

Meanwhile, yields on 10-year bonds, the benchmark for British government debt, reached their highest level since the 2008 global financial crisis, at 5.020%, marking a rise of 17 basis points during the day.

This increase coincided with new data from the Office for National Statistics showing that total UK public sector borrowing reached £14.3 billion ($19.1 billion) in February, an unexpected year-on-year increase of £2.2 billion.

The Bank of England's Monetary Policy Committee voted unanimously on Thursday to keep interest rates steady, with policymakers saying they were "ready to act" to offset the effects of the war, again increasing bets on an interest rate hike later this year.

The European Central Bank announced that the dispute had created "upside risks to inflation and downside risks to economic growth," prompting traders to increase their bets on the likelihood of the ECB raising interest rates later this year.

But European Central Bank policymakers have pointed out that there is considerable uncertainty surrounding the long-term impact of the war, as its effect on inflation depends on the duration of the conflict and the impact of energy price volatility on consumer prices and the economy.

Investors currently expect a greater than 50% probability of an interest rate hike at the European Central Bank's next meeting in April. Traders are pricing in a 100% probability of the Bank of England raising interest rates by June, according to data from the London Stock Exchange Group. Markets view the likelihood of a rate cut this year as nil.  https://www.economy-news.net/content.php?id=66952

Iranian Ministry Of Petroleum: No Oil Available For International Markets

Today,   The spokesperson for the Iranian Ministry of Petroleum, Saman Qoddusi, has responded to statements made by U.S. Treasury Secretary Scott Bessent regarding the lifting of sanctions on Iranian oil currently held on tankers to assist in lowering global prices.

Writing on the "X" platform, Qoddusi stated: "At the present time, Iran fundamentally possesses no floating crude oil or surplus supply for other international markets."

He added: "The statement by the U.S. Treasury Secretary is intended solely to offer hope to buyers and exercise psychological control over the market."

Bessent had previously remarked that "in the coming days, we may lift sanctions on Iranian oil located at sea, the quantity of which amounts to approximately 140 million barrels."

He indicated that releasing sanctioned Iranian oil into global supplies would contribute to reducing crude prices within the next 10 to 14 days.

Source: News Agencies  https://ina.iq/en/economy/46888-iranian-ministry-of-petroleum-no-oil-available-for-international-markets.html

Oil Minister: Fuel Stations Operating 24/7, Supply Stable Across Iraq

Today    Baghdad – INA    Oil Minister Hayyan Abdul-Ghani on Friday announced the availability of gasoline, cooking gas, gas oil, and kerosene at fuel stations across Iraq.

Speaking at a press conference followed by the Iraqi News Agency (INA), Abdul-Ghani said, “Today we toured several oil companies operating in Basra, including Basra Oil Company, the country’s primary producer of crude oil and exporter to international markets,” noting that “many measures were discussed in light of the current circumstances.”

He added that “a plan has been developed with the company to reduce production and halt exports from the southern outlets,” explaining that “this plan focuses on supplying crude oil necessary to operate refineries and power plants.”

Abdul-Ghani noted that “the company’s production prior to February 28, 2026, was estimated at 3.3 million barrels per day, while today it has dropped to around 900,000 barrels per day, including 250,000 barrels allocated to southern refineries, with the remaining quantities directed north to operate refineries in central and northern provinces.”

He further explained that “we also visited South Gas Company, a joint venture between Shell and Basra Gas Company for dry and liquefied gas production, where gas collected from fields across Basra—such as Zubair, Rumaila, and West Qurna—is processed into dry gas for power generation and liquefied gas for cooking purposes.”

Abdul-Ghani added, “We also visited South Refineries Company, a key entity in the refining sector with a design capacity of about 250,000 barrels per day, producing white products such as gasoline, diesel, gas oil, kerosene, and some cooking gas, all of which are distributed across Iraq.”

He pointed out that “there are refinery byproducts, mainly black oil and naphtha. Previously, black oil was exported via a pipeline from Shu’aybah to Khor Al-Zubair and loaded onto tankers. However, due to halted exports and the closure of the Strait of Hormuz, storage overflow occurred, and these byproducts must now be processed to sustain refinery operations.”

Abdul-Ghani added that “the Ministry of Oil has begun signing new contracts to sell crude oil via tanker transport to outlets outside Iraq,” confirming that “through a crisis cell formed under a Cabinet decision granting exceptional powers, the Ministry managed to process these byproducts to maintain refinery operations and ensure the continuous supply of white products to the domestic market.”

He emphasized that “all fuel stations operate 24 hours a day, and all products are available, including gasoline, gas oil, and kerosene,” noting that “these measures are a top priority for the Ministry to guarantee product availability for citizens.”  Abdul-Ghani concluded that “local markets remain stable thanks to the availability of products.”

https://ina.iq/en/economy/46879-oil-minister-fuel-stations-operating-247-supply-stable-across-iraq.html

Oil Minister: Basra Oil Production Reduced To 900,000 Barrels Per Day

Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani on Friday announced the reduction of Basra oil production to 900,000 barrels per day.

The Ministry said in a statement received by the Iraqi News Agency (INA) that “Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani Al-Sawad chaired a meeting on Friday at Basra Oil Company, attended by Undersecretary for Extraction Affairs, Basim Mohammed Khudair, Director General of Basra Oil Company, Basim Abdul-Karim, and senior company staff, to discuss the crude oil production plan in light of recent regional developments.”

According to the statement, the Minister said, “Since the halt of exports from the southern ports, production at the company has been reduced from 3.3 million barrels to 900,000 barrels,” noting that “the quantities produced are being directed to operate refineries.”  https://ina.iq/en/economy/46875-oil-minister-basra-oil-production-reduced-to-900000-barrels-per-day.html

US Nut Exports To Iraq Break The $30 Million Barrier

Money and Business     Economy News – Baghdad   The US Departments of Agriculture and Commerce announced on Saturday that the value of US nut exports to the Iraqi market reached a record high, exceeding $30 million in 2025.

According to official data, the quantity of shipments supplied amounted to about 5,606 metric tons, with a total value of $30.57 million, reflecting a radical shift in the volume of trade between the two countries within this food sector.

Statistics showed that the average value of US nut exports to Iraq during the last decade had been stable at $12.43 million annually, meaning that the recently recorded figures represent an exceptional growth rate of 392%.

Observers attribute this rapid rise to increasing local demand in Iraq for high-quality products, and the expansion of American supply chains that have begun to take a larger share of the Iraqi market compared to previous years.

https://www.economy-news.net/content.php?id=66972

Indonesia Seeks To Raise $5 Billion To Counter The Fallout From A War With Iran

Money and Business   Economy News - Follow-up   Indonesian presidential spokesman Prasetyo Hadi said in an interview published Saturday that Indonesia is seeking to save an estimated 80 trillion rupiah ($5 billion) from its budget to cope with the fallout from a US-Israeli war on Iran.

In a video interview with a number of journalists and experts, President Prabowo Subianto said that his country is making strenuous efforts to improve the efficiency of its budget to cope with the repercussions of the conflict.

The Indonesian central bank had kept its interest rate unchanged last Tuesday, as policymakers monitor the impact of the war in the Middle East on the economy and the local currency, the rupiah.

Central Bank Governor Perry Wargio said the war in the Middle East is worsening the outlook for both the global economy and supply chains, and that the space for monetary easing is shrinking worldwide.

He added that the central bank needs to anticipate and deal with the repercussions of the war on the Indonesian economy and financial markets in order to maintain growth momentum.

https://www.economy-news.net/content.php?id=66966