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More “Iraq News” Posted by Tishwash at TNT 6-7-2026
TNT:
Tishwash: One trillion dinars monthly to pay the dues of companies and contractors
Prime Minister Ali Faleh al-Zubaidi revealed that approximately one trillion dinars per month has been allocated to pay the dues of businessmen, companies and contractors.
This came during his reception, yesterday, Saturday, of a number of businessmen, members of the board of directors and development of the private sector, members of the Iraqi Economic Council and a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the Prime Minister, and the head of the Higher Authority for Coordination between Governorates.
TNT:
Tishwash: One trillion dinars monthly to pay the dues of companies and contractors
Prime Minister Ali Faleh al-Zubaidi revealed that approximately one trillion dinars per month has been allocated to pay the dues of businessmen, companies and contractors.
This came during his reception, yesterday, Saturday, of a number of businessmen, members of the board of directors and development of the private sector, members of the Iraqi Economic Council and a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the Prime Minister, and the head of the Higher Authority for Coordination between Governorates.
Al-Zaydi identified three criteria for preferring the private sector: “tax accounting,” “the size of the workforce and its inclusion in social security,” in addition to “the size of the social benefits contributed to.”
He emphasized that the government relies on cooperation with the private sector to ensure the success of its economic and development reform efforts, adding: "We have an upcoming official visit to the United States, and we will be accompanied by a number of business leaders to expand investment opportunities." link
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Tishwash: The Minister of Finance discusses with the World Bank technical support for budget preparation and strengthening reforms.
Finance Minister Faleh Sari met on Sunday with a World Bank delegation to discuss technical support for budget preparation and strengthening reforms.
A statement from the Ministry of Finance said that Sari received the World Bank delegation, headed by Regional Director Jean-Christophe Carré and Special Representative for Iraq Emmanuel Salinas, to discuss prospects for technical and institutional cooperation and support for Iraq's financial and economic reform priorities. The statement
added that the meeting addressed mechanisms for cooperation with the World Bank in providing technical and advisory support for preparing the upcoming general budget, enhancing the efficiency of financial planning, considering spending priorities, and supporting fiscal sustainability in light of current economic changes.
The Minister affirmed that the Ministry of Finance is proceeding with financial reforms focused on developing financial management, enhancing non-oil revenues, and modernizing banking, tax, and customs systems, in line with the priorities of the government program.
He also noted the importance of leveraging international expertise and the technical support provided by the World Bank, particularly in the areas of institutional capacity building, financial policy development, and supporting development projects and investment incentives.
For its part, the World Bank delegation reiterated its support for the Iraqi government in implementing financial and economic reform programs and providing the necessary technical advice to contribute to strengthening financial stability and supporting the Sustainable Development Goals. link
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Tishwash: Al-Zaidi travels to Washington with businessmen and promises to inject $10 billion into the private sector.
Iraqi Prime Minister Ali Faleh al-Zaidi announced on Saturday an upcoming official visit to the United States, accompanied by businessmen, to expand mutual and joint investment opportunities, noting at the same time that the development fund is for the private sector and will absorb a contribution from the Central Bank worth $10 billion.
This came during Al-Zaydi’s reception of a number of businessmen, members of the board of directors and development of the private sector, members of the Iraqi Economic Council and a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the Prime Minister, and the head of the Higher Authority for Coordination between Governorates.
According to a statement from the Prime Minister’s Media Office, Al-Zaydi affirmed that the government relies on cooperation with the private sector to ensure the success of its reform efforts in the economy and development, and that it will adopt an open-door policy regarding the proposals, requests, and problems submitted by businessmen that require intervention and resolution.
Al-Zaydi stressed the fight against corruption and extortion, and called on all businessmen or companies not to be drawn into offering any sums of money to facilitate their work and obtain their rights, and that his door is open to any case of obstruction practiced by any element within the body of the state.
Al-Zaydi said that the private sector is a partner of the government, and we support its pivotal role in developing the economy. Our criteria for preferring the private sector are: “tax accountability,” “the size of the workforce and their inclusion in social security,” and “the size of the social benefits contributed to.”
He added: We have a project for one million residential plots, and we call on the private sector to contribute to its infrastructure. There must be a share for everyone who does not own a property, plot of land, or housing unit. We will cooperate with the private sector in preparing residential lands according to economic models that preserve the rights of the state and the citizen.
The Iraqi Prime Minister revealed an upcoming visit to Washington, saying: “We have an official visit coming up to the United States, and we will bring with us a number of businessmen to expand mutual and joint investment opportunities.”
Al-Zaydi pointed out that the development fund is for the private sector, and will absorb a contribution from the Central Bank worth $10 billion, and we will open subscription to contributions for all citizens, at the official value of the Iraqi dinar.
He explained that the profits of the Development Fund will be exempt from taxes, and will finance the establishment of new factories with new products needed by the Iraqi market. We have prepared monthly payments of approximately (1 trillion dinars) for the purpose of paying the dues of businessmen, companies, and contractors, and the payments will increase with the resolution of the crude oil export crises.
He noted that he had issued directives to resolve obstacles related to tax accounting and to remove any conflict in instructions, and everything that hinders progress towards the goal of preserving public funds. He also directed that all laws and decisions that do not facilitate economic development and impede the expansion of partnership with the private sector be studied.
For their part, the businessmen offered to expand consultations with the government regarding service and development projects and priorities, diagnose market needs, and find solutions to economic challenges in order to help the government achieve its goals link
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Tishwash: Iraq strengthens ties worldwide,Says Faihan
The First Deputy Speaker of parliament, Adnan Faihan, affirmed on Saturday that Iraq is proceeding with a policy of balanced openness and strengthening constructive partnerships with various countries around the world.
A statement issued by the media office of the First Deputy Speaker of Parliament, received by the Iraqi News Agency (INA), stated that “the First Deputy Speaker of Parliament, Adnan Faihan, received in his guest house the Ambassador of the Republic of Austria to Iraq, Andrea Nasi, where during the meeting they reviewed all the latest developments on the local scene, as well as exchanging views on the most prominent regional and international developments and their repercussions on the region.”
Faihan stressed "the need to raise the level of bilateral relations and expand areas of joint cooperation in a way that serves the mutual interests of the two friendly countries, especially in the economic and investment sectors, and the importance of resuming direct flights between Baghdad and Vienna as a supportive step to enhance trade exchange and revitalize tourism."
For his part, the Ambassador of the Republic of Austria to Iraq, Andrea Nasi, expressed his country's keenness to strengthen the partnership with Baghdad and develop areas of cooperation in various sectors, in a way that contributes to achieving the common interests of Iraq and Austria and serves the future of the two friendly peoples. link
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Tishwash: The Prime Minister's advisor: Al-Zidi's government has taken measures to preserve the purchasing power of the dinar and curb inflation.
The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, affirmed on Saturday that the government, headed by Ali Falih Al-Zaidi, has taken measures to preserve the purchasing power of the Iraqi dinar and curb inflation.
Salih told the Iraqi News Agency (INA) that "the policy of stabilizing the official exchange rate is based on a fundamental objective: protecting the external value of the national currency and maintaining the stability of the general price level." He pointed out that "the stability of the exchange rate has contributed to strengthening confidence in the Iraqi dinar and supporting the purchasing power of citizens."
Salih added that "the relationship between the stability of the exchange rate and the stability of prices of goods and services in the local market has remained strong, given the limited impact of the parallel market on the pricing system and the effectiveness of monetary policy." He explained that "financing imports through the official banking system and relying on the state's foreign reserves has contributed to providing imported goods at stable and controlled prices."
He continued, stating that "government policies aimed at maintaining the stability of prices for public goods and services, along with the expansion of modern commercial distribution methods, particularly cooperative stores and advanced marketing models, have strengthened competition and contributed to reducing inflationary pressures and supporting price stability."
Saleh explained that "among the most prominent factors putting pressure on the value of the national currency are the decline in official reserves, uncontrolled monetary expansion, and excessive reliance on oil revenues, which are currently subject to geopolitical constraints imposed on the freedom of energy markets, in addition to political and regional tensions and their impact on foreign currency flows and economic confidence."
He emphasized that "raising the value of the Iraqi dinar cannot be achieved through quick administrative decisions, but rather through a long-term reform process based on the stability of monetary and fiscal policies, diversification of national income sources, and strengthening confidence in the local currency."
He noted that "the stability of the dinar remains a direct reflection of the stability of the macroeconomy and its ability to withstand local and international changes, which is what the government is working on through a package of measures to strengthen the value of the Iraqi dinar. These measures include working to enhance foreign reserves, diversify the national economy and reduce dependence on oil, achieving stability in the balance of payments, as well as controlling the parallel market, reforming the banking system, expanding the use of electronic payment methods, and promoting financial inclusion." link
Iraq Economic News and Points To Ponder Late Saturday Evening 6-6-26
Government Spokesperson: Iraq is a Fully Sovereign Country
Iraqi News Agency (INA) Saturday, INA - BAGHDAD 6/06/2026 Government spokesperson Haider al-Aboudi affirmed on Friday that Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates.
"The government of PM Ali Faleh al-Zaidi has presented a clear ministerial program, foremost among which is strengthening national sovereignty. Monopolizing weapons in the hands of the state and enforcing the law represent the government's starting point," al-Aboudi said in a televised statement to Al-Iraqiya News, reported by the Iraqi News Agency - INA.
Government Spokesperson: Iraq is a Fully Sovereign Country
Iraqi News Agency (INA) Saturday, INA - BAGHDAD 6/06/2026 Government spokesperson Haider al-Aboudi affirmed on Friday that Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates.
"The government of PM Ali Faleh al-Zaidi has presented a clear ministerial program, foremost among which is strengthening national sovereignty. Monopolizing weapons in the hands of the state and enforcing the law represent the government's starting point," al-Aboudi said in a televised statement to Al-Iraqiya News, reported by the Iraqi News Agency - INA.
He noted, “The national forces' response to the issue of weapons control has become evident to everyone. It is important to restrict weapons to the state to ensure that political agendas do not dictate their control. Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates."
"September 2026 will mark the end of the international coalition's presence in Iraq,” he highlighted.
Regarding the fuel station issue, Al-Aboudi confirmed that "the Prime Minister is personally overseeing the fuel station file, and stations are being supplied with gasoline."
On salaries and the evaluation of general managers, Al-Aboudi explained that "salaries are secured, and the Prime Minister differs from his predecessors because he comes from the business world and understands the intricacies of economic movements."
“The evaluation of general managers is one of the most important factors in institutional performance, and it will be conducted scientifically and meticulously," he underscored.
https://ina.iq/en/politics/49325-government-spokesperson-iraq-is-a-fully-sovereign-country.html
Employees With Different Salaries And Similar Qualifications An Economist Says The New Peace Agreement Will Cost The State "Trillions"
Baghdad Today - Special Report: In Baghdad, where the days are all the same in their noise and heavy routine, Ali would get up every morning to cross the gate of his government office as if crossing into another day of postponed duty. He would sign in, review papers, and get immersed in the details of work until the evening, then return burdened with a silent question: Is what he does really measured by what he earns at the end of the month?
On the other side of the city, Muhammad was taking almost the same route, but to a different government department, offices similar to Ali's, files piling up in the same way, and daily pressure that was not much different in appearance.
Yet, when payday came, an invisible gap was revealed between the two stories, a gap created not so much by the nature of the work as by the entanglements of laws and privileges.
Ali and Muhammad did not know each other, but they met every month at the same spot, a vague feeling that justice, despite its presence in speeches, was still searching for its way among the various state circles.
This story, which is repeated among thousands of employees in Iraq, has become a constant topic of discussion and controversy in recent years, amid increasing demands to reconsider the salary structure and end the disparities that have arisen due to accumulated laws and exceptions.
With the return of talk about a comprehensive reform of the salary scale, the issue stands out as one of the most sensitive challenges facing the government, as it seeks to achieve job fairness without burdening the general budget with potentially large financial burdens.
Economic expert Nasser Al-Tamimi explained today, Friday (June 5, 2026), that Iraq is facing an important obligation related to reconsidering the structure of salaries and wages in state institutions, in light of the large disparity that exists between employees of ministries, agencies and entities not affiliated with a ministry, which has accumulated over many years as a result of special legislation, exceptions and multiple privileges.
Al-Tamimi told Baghdad Today that “talking about a comprehensive reform of the salary scale is no longer just an administrative option, but has become a necessity to achieve a greater degree of functional and social justice.
The existence of employees with the same qualifications and experience who receive vastly different salaries due to the different entity in which they work represents one of the most prominent challenges facing the public administration in Iraq.”
He stressed that “adopting a unified salary scale can be a positive step towards addressing current imbalances, but its success depends on its design taking into account the nature of different jobs and specializations, levels of responsibility and competence.
Absolute unification of salaries may lead to new problems if it does not include professional and productive incentives that ensure attracting and retaining talent, especially in specialized and technical sectors.”
He added that "any broad reform of salaries will entail a large financial burden that may reach several trillion dinars annually if the principle of raising the lowest salaries to the levels of the highest-paid entities is adopted, which requires conducting accurate financial studies to determine the sources of funding and the mechanisms for phased implementation."
He added that "the main challenge facing the government is to achieve a balance between social justice and financial sustainability, as job disparities cannot be addressed at the expense of the state's financial stability or an increase in the general budget deficit. Successful reform should be gradual, well-considered, and linked to broader reforms in human resource management and government spending."
Al-Tamimi stressed that "there is a need to review the special privileges, allowances and exceptions that have accumulated over the past years, which have become one of the most prominent reasons for disparity among employees, and achieving justice requires subjecting all institutions to unified and transparent standards as much as possible."
He added that “any broad adjustment to salaries will have direct repercussions on the general budget and the Iraqi economy, as it may contribute to stimulating local demand and improving the living standards of employees, but on the other hand, it may increase financial and inflationary pressures if it is not accompanied by balanced economic and financial reforms.”
Al-Tamimi concluded by saying: “Reforming the salary system in Iraq should be viewed as part of a comprehensive public administration reform project aimed at promoting fairness, efficiency, and rationalizing government spending, in a way that serves the interests of both the employee and the state.”
Over the past decades, Iraq's salary system has undergone frequent modifications, resulting in significant disparities among employees in state institutions.
This is due to the adoption of special laws, allowances, and exceptions that have granted some entities financial privileges exceeding those received by employees in other institutions, despite similar qualifications and job responsibilities.
With the increasing number of employees and the rising annual payroll, reforming the salary scale has become one of the most sensitive issues, given its direct impact on the general budget and the standard of living of millions of Iraqi families, as well as its connection to demands for achieving job fairness and enhancing the efficiency of government administration. https://baghdadtoday.news/300687-.html
Monte Carlo: Al-Zaidi Received US Pledges Of Broad Economic Support In Exchange For Proceeding With The Plan To "Monopolize Weapons In The Hands Of The State"
latest news Saturday, June 6, 2026 Baghdad - One News Monte Carlo Radio revealed intensive meetings being held by Prime Minister Ali al-Zaidi with American diplomats, coinciding with the start of the plan to disarm Iranian-backed factions.
According to the radio station, the American message included a pledge of significant economic support for the al-Zaidi government to strengthen the plan and restore security coordination between Baghdad and Washington after its decline following the recent war.
In this context, the government announced the provision of thirty-five thousand jobs in the security and military institutions to integrate members of the factions that agree, most notably the Sadr Movement, Asaib Ahl al-Haq, and the Imam Ali Brigades, in exchange for pursuing those who reject this American vision. https://1news-iq.net/مونت-كارلو-الزيدي-تلقى-تعهدات-أمريكية/
Security Source To “Eram News”: Signs Of US Support For Al-Zaydi Against The Factions Are Escalating, Including Air Support
latest news Saturday, June 6, 2026 Baghdad - One News An Iraqi security source told Eram News that the chances of Prime Minister Ali al-Zubaidi accepting the American offer to confront the factions refusing to hand over their weapons, which former Prime Minister Mohammed Shia al-Sudani had previously rejected, are increasing.
The security source said the offer includes providing multiple forms of support, most notably full US air support from bases in Iraq.
He explained that the military tools available to the government are ready to impose its authority and end the influence of the pro-Iranian arms that refuse to hand over weapons, foremost among them the blood relatives, Malik al-Ashtar, the Kaabi movement, and the Hamidawi Brigades.https://1news-iq.net/مصدر-أمني-لـإرم-نيوز-مؤشرات-الدعم-الأ/
Al-Khafaji reveals the course of procedures for "weapons control" and the legal and regulatory frameworks for completing the "integration of factions"
latest news Saturday, June 6, 2026 Baghdad - One News 6/06/2026 The Ministry of Defense announced the receipt of large quantities of weapons, while confirming that there is no timetable for the process of restricting weapons to the state.
The Director of Media and Moral Guidance at the Ministry, Major General Pilot Tahsin Al-Khafaji, said: “The transfer and integration process is complex and important, and requires legal and regulatory frameworks and the provision of job positions, given its connection to heavy weapons, equipment, personnel, salaries, and job entitlements.”
He confirmed that “important steps have already begun through reliance on the laws, regulations, and approved mechanisms for receiving,” assuring that “work on this file is proceeding smoothly, and there is no time limit for completing this file.”https://1news-iq.net/الخفاجي-يكشف-عن-مسار-إجراءات-حصر-السلا/
Iraqi Pm To Visit Washington For Expanding Us Investment
2026-06-06 / 13:05 Shafaq News- Baghdad Iraqi Prime Minister Ali al-Zaidi announced Saturday an upcoming official visit to Washington, accompanied by a delegation of Iraqi business leaders. According to his office, the visit aims to expand opportunities for mutual and joint investment, without specifying a date.
The Washington trip would be the first official foreign visit by the Iraqi prime minister since he was sworn in on May 1.
Read more: Al-Zaidi sworn in as Iraq's prime minister with a program already failed
US President Donald Trump extended an official invitation to al-Zaidi in a phone call on April 30, expressing a desire to develop and strengthen bilateral relations across various fields.
https://shafaq.com/en/Iraq/Iraqi-PM-to-visit-Washington-for-expanding-US-investment
Seeds of Wisdom RV and Economics Updates Sunday Morning 6-7-26
Good Morning Dinar Recaps,
Stablecoin Battle Escalates as Central Banks Push Back Against Private Digital Money
Growing tensions between central banks and stablecoin issuers are accelerating the global race to define the future monetary system.
Good Morning Dinar Recaps,
Stablecoin Battle Escalates as Central Banks Push Back Against Private Digital Money
Growing tensions between central banks and stablecoin issuers are accelerating the global race to define the future monetary system.
Overview
A major debate is unfolding across the global financial system as central banks intensify warnings about the rapid growth of stablecoins and other forms of private digital money. Regulators in Europe and the United Kingdom are increasingly concerned that widespread adoption of dollar-backed stablecoins could weaken monetary policy, increase systemic financial risks, and reinforce U.S. dollar dominance in the emerging digital economy.
The developments come as governments, financial institutions, and technology firms continue investing heavily in blockchain-based payment systems, tokenized assets, and digital settlement infrastructure. The outcome could significantly influence the future structure of global finance and cross-border transactions.
Key Developments
1. Central Banks Warn of Growing Stablecoin Risks
Officials from the European Central Bank (ECB) warned that stablecoins could create risks similar to those seen during previous financial crises. Concerns include potential bank runs, liquidity shortages, and disruptions to monetary policy transmission. The ECB emphasized that stablecoins are no longer a niche crypto product but are becoming part of mainstream financial infrastructure.
2. Dollar Dominance Remains a Key Concern
European policymakers expressed concern that most major stablecoins remain tied to the U.S. dollar. As digital payments expand globally, widespread adoption of dollar-backed stablecoins could strengthen the dollar’s international role at the expense of other currencies, including the euro and pound sterling.
3. UK Lawmakers Call for More Flexible Stablecoin Rules
A cross-party committee in the United Kingdom urged the Bank of England to avoid regulations that could hinder the development of sterling-backed stablecoins. Officials argued that excessive restrictions may prevent Britain from competing in the rapidly evolving digital finance sector.
4. Digital Currency Infrastructure Expands
Rather than simply opposing stablecoins, central banks are accelerating efforts to develop their own digital settlement systems and tokenized payment networks. Projects under development are designed to integrate blockchain technology with central bank money while maintaining regulatory oversight and financial stability.
5. Global Competition for Financial Leadership Intensifies
Governments increasingly view digital finance as a strategic national priority. Nations that establish clear frameworks for tokenized assets, stablecoins, and digital currencies may gain advantages in attracting investment, innovation, and financial activity. The competition is evolving into a race to shape the rules of the next financial era.
Why It Matters
The debate over stablecoins represents a broader struggle over who will control the future of money. While private-sector innovation is moving rapidly, central banks remain determined to preserve their ability to manage monetary policy and maintain financial stability.
As digital assets become more integrated into everyday commerce and banking, the decisions being made today could shape global finance for decades.
Why It Matters to Foreign Currency Holders
• Stablecoins are increasingly being used for international payments and settlements.
• Digital currencies could alter traditional reserve currency dynamics.
• Central bank digital currency projects continue advancing globally.
• The future monetary system may combine traditional currencies with tokenized financial infrastructure.
Implications for the Global Reset
Pillar 1: Digital Transformation of Money
The expansion of stablecoins, tokenized assets, and blockchain settlement networks signals a historic shift in how value may move across the global economy.
Pillar 2: Monetary Sovereignty Under Pressure
Central banks are working to maintain control over financial systems as private digital currencies gain traction. The balance between innovation and regulation will help determine the architecture of the future monetary order.
Closing Insight
The financial system is entering a period where traditional banking, digital assets, and central bank initiatives are increasingly converging. The question is no longer whether digital money will become mainstream, but who will ultimately control the infrastructure that powers it.
As stablecoins expand and central banks respond, the foundations of tomorrow’s financial system are being built today.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "Bank of England Faces Calls to Ease Stablecoin Plans"
Cointelegraph — "ECB Says Stablecoin Risks Strengthen Digital Euro Case"
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🌱 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:
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Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.
You will see silence. You will see denials. That is not delay — that is discipline.
Protect your identity. Organize your documents. Verify everything.
Never hand your discernment to anyone who cannot show proof.
You deserve truth — not timelines.
Seeds of Wisdom Team
Newshounds News™
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Iraq Economic News and Points To Ponder Saturday Morning 6-6-26
Russia And Saudi Arabia Sign 30 Agreements At The St. Petersburg International Economic Forum
Money and Business Russia and Saudi Arabia continue to strengthen their cooperation in trade, investment and economic sectors, signing 30 agreements today during the St. Petersburg International Economic Forum.
The signing took place during the St. Petersburg International Economic Forum, and was attended by Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman.
Russia And Saudi Arabia Sign 30 Agreements At The St. Petersburg International Economic Forum
Money and Business Russia and Saudi Arabia continue to strengthen their cooperation in trade, investment and economic sectors, signing 30 agreements today during the St. Petersburg International Economic Forum.
The signing took place during the St. Petersburg International Economic Forum, and was attended by Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman.
Novak said, following the signing ceremony, that Russia and the Kingdom continued to strengthen their bilateral cooperation and expand interaction in the areas of trade, investment and other economic sectors.
Novak said: "Today we can confidently say that we have achieved a true strategic partnership, which is embodied in the practical development of trade and investment between our two countries."
He added: “Around 30 agreements have been signed, and all of this is crucial for developing trade and economic cooperation between our two countries. The volume of trade is increasing, projects are being implemented on the ground, and there is continuous communication between our business communities.”
Novak revealed that the Saudi delegation was one of the largest delegations participating in the forum, comprising about 170 people, in addition to a large number of businessmen.
The Russian Deputy Prime Minister noted the convergence of views between the two countries on key international issues.
In closing, Novak said: "This year marks 100 years since the establishment of diplomatic relations between Russia and Saudi Arabia. Respect for each other's sovereign choices and respect for the cultures of our peoples has always been a solid foundation of bilateral relations."
For his part, Saudi Energy Minister Prince Abdulaziz bin Salman stressed the special importance the Kingdom attaches to Russia, saying: "It is wonderful that in Saudi Arabia we no longer need to explain how important and vital Russia is, both in our bilateral relations and for the world as a whole."
The Saudi energy minister also noted that the Kingdom's selection as this year's guest of honor prompted them to return the favor by demonstrating the importance of being here, saying: "We wanted to show how important and vital Russia is to us."
The St. Petersburg International Economic Forum kicked off Wednesday in St. Petersburg, with the participation of leading experts and decision-makers from around the world. The event will continue until Saturday. Saudi Arabia is the guest of honor at this year's forum, underscoring the strength of economic ties between Moscow and Riyadh.
https://www.economy-news.net/content.php?id=69889
International Monetary Fund: Iraq Among The Countries Most Vulnerable To Financial Pressures With Rising Debt In 2026
Money and Business Economy News – Baghdad A report issued by the International Monetary Fund showed that Iraq faces increasing financial pressures during 2026, due to the rising cost of government energy subsidies, increasing public debt, and rising borrowing costs in international markets.
According to the report, Iraq is estimated to be among the countries with high levels of energy subsidies, with the cost of subsidies reaching less than 6% of GDP, making the general budget more vulnerable to fluctuations in oil and gas prices, and increasing pressure on public finances if global energy prices continue to rise.
The IMF noted that Iraq is among a group of economies that have seen a significant increase in public debt compared to before the COVID-19 pandemic, as debt levels rose significantly in 2026 compared to 2019, within a regional trend that includes a number of countries with high fiscal deficits.
According to the report, this development coincides with rising sovereign borrowing costs in the region, increasing financing pressures on countries with large financial needs, including Iraq, in a global environment characterized by high interest rates and tighter financing conditions.
The Fund stressed that the continuation of these pressures poses challenges to fiscal policies in Iraq, especially with regard to the need to control spending, redirect subsidies, and enhance fiscal sustainability within medium-term frameworks, while maintaining the ability to finance basic services in light of the fragile regional economic environment.
https://www.economy-news.net/content.php?id=69926
Iraq recorded a sharp decline in imports during 2025
Money and Business Economy News – Baghdad International trade data on import values for 2025 showed a significant decline in the value of Iraq’s imports compared to the previous four years, after it had been among the top importing countries on the list.
According to the data, the value of Iraqi imports during 2025 reached approximately $51.1 billion, down from $87.4 billion in 2024, a difference of over $36 billion, representing one of the largest declines recorded compared to previous years. Observers attribute this to stricter financial compliance procedures through the Central Bank's electronic platform and the drop in oil prices.
Iraq had recorded a steady increase in the value of imports during the past years, as it rose from $60.9 billion in 2021 to $76.1 billion in 2022, then $85 billion in 2023, before peaking at $87.4 billion during 2024.
In the ranking of importing countries for 2025, Iraq came behind several countries including Colombia, Ukraine, Bangladesh, Pakistan and Kazakhstan, while it outperformed other countries such as Kuwait, Oman and Qatar.
The data is based on International Trade Centre calculations relying on United Nations Trade Statistics (COMTRADE) and International Trade Centre data. https://www.economy-news.net/content.php?id=69925
Iraq And Austria Discuss Ways To Expand Prospects For Joint Cooperation.
Money and Business Economy News – Baghdad The First Deputy Speaker of the House of Representatives, Adnan Faihan Al-Dulaimi, discussed on Saturday with the Austrian Ambassador to Iraq ways to expand the prospects of joint cooperation in various fields between the two countries.
The media office of the First Deputy Speaker stated in a statement received by "Al-Eqtisad News" that "the First Deputy Speaker of the House of Representatives, Adnan Faihan Al-Dulaimi, received in his guest house the Ambassador of the Republic of Austria to Iraq, Andrea Nasi."
He added that "during the meeting, all the latest developments on the local scene were reviewed, as well as an exchange of views on the most prominent regional and international developments and their implications for the region."
According to the statement, the First Deputy stressed "the need to raise the level of bilateral relations and expand areas of joint cooperation in a way that serves the mutual interests of the two friendly countries, especially in the economic and investment sectors, and the importance of resuming direct flights between Baghdad and Vienna as a supportive step to enhance trade exchange and revitalize tourism."
Faihan explained that “Iraq is proceeding with a policy of balanced openness and strengthening constructive partnerships with various countries of the world, based on a vision that is based on mutual respect and common interests, and in a way that contributes to supporting sustainable development efforts and achieving the country’s higher interests.”
The statement indicated that “the Ambassador of the Republic of Austria to Iraq, Andrea Nasi, expressed his country’s keenness to strengthen the partnership with Baghdad and develop areas of cooperation in various sectors, in a way that contributes to achieving the common interests of Iraq and Austria and serves the future of the two friendly peoples.”
https://www.economy-news.net/content.php?id=69922
Iraq Secures International Approval For $900 Million In Funding For Road Network Development Project
Money and Business Iraq Secures International Approval for $900 Million Road Network Development Project.
The World Bank announced on Friday its approval of a $900 million project to improve Iraq's road infrastructure.
In a statement, the Bank said the project will support Iraq's transport economic corridors through strategic investments in key road corridors that form a cornerstone for domestic transport, regional integration, and long-term economic growth. It will also enhance transport safety and reliability and open new opportunities for individuals and businesses across the country.
The statement added that road transport accounts for more than 90% of Iraq's total transport volume, yet most of the country's road networks suffer from poor infrastructure, deterioration due to climate stresses, and road safety hazards.
The project focuses on priority investments along two strategic axes: a north-south corridor connecting Baghdad to the Turkish border via the E2 highway, and an east-west corridor along the E1 highway linking Baghdad to both Syria and Jordan.
He pointed out that "the program, in its first phase, funds the rehabilitation of key sections of the E1 highway, helps improve the efficiency of specific roads in the Kurdistan Region of Iraq, and establishes the initial section of the E2 highway.
These investments combine to enhance the operational efficiency of Iraq's national road network and strengthen its resilience to climate change, while laying a solid foundation for future phases that will attract private sector capital and expand the scope of the transport corridor program."
The statement emphasized that "approximately 7.9 million citizens are expected to benefit from the project, the majority of whom live along newly constructed or upgraded roads, including about 3 million women and 1.5 million young people."
It further noted that "the project will benefit various regions of Iraq, from Baghdad to the Kurdistan Region and along the border corridors with Jordan, Syria, and Turkey."
The statement added that "the project will also support performance-based road maintenance contracts, create an enabling environment for sustainable partnerships with the private sector, and explore opportunities to generate income and revenue."
The statement concluded, “The Roads and Bridges Department of the Ministry of Construction, Housing, Municipalities and Public Works will implement the project with strategic supervision from a high-level steering committee that includes key national institutions and representatives from the Kurdistan Region of Iraq.” https://www.economy-news.net/content.php?id=69908
Al-Zaidi Travels To Washington With Businessmen And Promises To Inject $10 Billion Into The Private Sector.
Arabic and international Iraqi Prime Minister Ali Faleh al-Zaidi announced on Saturday an upcoming official visit to the United States, accompanied by businessmen, to expand mutual and joint investment opportunities, noting at the same time that the development fund is for the private sector and will absorb a contribution from the Central Bank worth $10 billion.
This came during Al-Zaydi’s reception of a number of businessmen, members of the board of directors and development of the private sector, members of the Iraqi Economic Council and a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the Prime Minister, and the head of the Higher Authority for Coordination between Governorates.
According to a statement from the Prime Minister’s Media Office, Al-Zaydi affirmed that the government relies on cooperation with the private sector to ensure the success of its reform efforts in the economy and development, and that it will adopt an open-door policy regarding the proposals, requests, and problems submitted by businessmen that require intervention and resolution.
Al-Zaydi stressed the fight against corruption and extortion, and called on all businessmen or companies not to be drawn into offering any sums of money to facilitate their work and obtain their rights, and that his door is open to any case of obstruction practiced by any element within the body of the state.
Al-Zaydi said that the private sector is a partner of the government, and we support its pivotal role in developing the economy. Our criteria for preferring the private sector are: “tax accountability,” “the size of the workforce and their inclusion in social security,” and “the size of the social benefits contributed to.”
He added: We have a project for one million residential plots, and we call on the private sector to contribute to its infrastructure. There must be a share for everyone who does not own a property, plot of land, or housing unit. We will cooperate with the private sector in preparing residential lands according to economic models that preserve the rights of the state and the citizen.
The Iraqi Prime Minister revealed an upcoming visit to Washington, saying: “We have an official visit coming up to the United States, and we will bring with us a number of businessmen to expand mutual and joint investment opportunities.”
Al-Zaydi pointed out that the development fund is for the private sector, and will absorb a contribution from the Central Bank worth $10 billion, and we will open subscription to contributions for all citizens, at the official value of the Iraqi dinar.
He explained that the profits of the Development Fund will be exempt from taxes, and will finance the establishment of new factories with new products needed by the Iraqi market. We have prepared monthly payments of approximately (1 trillion dinars) for the purpose of paying the dues of businessmen, companies, and contractors, and the payments will increase with the resolution of the crude oil export crises.
He noted that he had issued directives to resolve obstacles related to tax accounting and to remove any conflict in instructions, and everything that hinders progress towards the goal of preserving public funds. He also directed that all laws and decisions that do not facilitate economic development and impede the expansion of partnership with the private sector be studied.
For their part, the businessmen offered to expand consultations with the government regarding service and development projects and priorities, diagnose market needs, and find solutions to economic challenges in order to help the government achieve its goals. https://www.economy-news.net/content.php?id=69942
Seeds of Wisdom RV and Economics Updates Saturday Afternoon 6-6-26
Good Afternoon Dinar Recaps,
Global Battle Over Digital Money Intensifies as Central Banks Warn on Stablecoin Risks
As stablecoins expand rapidly across global markets, central banks are accelerating efforts to reshape the future of money, payments, and financial sovereignty.
Overview
Good Afternoon Dinar Recaps,
Global Battle Over Digital Money Intensifies as Central Banks Warn on Stablecoin Risks
As stablecoins expand rapidly across global markets, central banks are accelerating efforts to reshape the future of money, payments, and financial sovereignty.
Overview
A growing conflict is emerging between governments, central banks, and private financial innovators over who will control the next generation of money. Recent warnings from the European Central Bank (ECB) and ongoing discussions among global regulators highlight increasing concerns that the rapid growth of dollar-backed stablecoins could alter monetary policy, financial stability, and the balance of power within the global financial system.
At the center of the debate is the rise of tokenized finance, where digital assets and blockchain technology are increasingly being integrated into traditional banking, payments, lending, and investment markets. Policymakers are now racing to establish regulatory frameworks while simultaneously developing their own digital currency infrastructure.
Key Developments
1. ECB Warns Stablecoins Could Threaten Financial Stability
European Central Bank officials warned that large-scale stablecoin adoption could create risks similar to those seen in money market funds during past financial crises.
Officials cited concerns over potential liquidity runs, disruptions to monetary policy transmission, and increased dependence on privately issued digital money.
2. Dollar Dominance Faces a New Evolution
Most major stablecoins remain pegged to the U.S. dollar, giving dollar-backed digital assets a growing presence in international transactions.
European policymakers expressed concern that widespread adoption of dollar-based stablecoins could further strengthen U.S. financial influence while reducing the role of other national currencies in global commerce.
3. Central Banks Accelerate Digital Currency Projects
Rather than attempting to block innovation, many central banks are responding by developing digital settlement systems and central bank digital currency infrastructure.
Projects focused on tokenized settlement, cross-border payments, and digital public money continue to gain momentum as governments seek to maintain monetary control in a rapidly evolving financial environment.
4. Tokenized Finance Continues Expanding
Financial institutions are increasingly exploring tokenized assets, blockchain-based settlement systems, and digital payment networks.
Supporters argue that tokenization can improve efficiency, reduce costs, and modernize financial markets. Critics warn that the speed of digital transactions could amplify financial stress during periods of market instability.
5. Global Regulatory Competition Intensifies
Countries are increasingly viewing digital finance regulation as a strategic issue. Governments that establish clear regulatory frameworks may attract investment, innovation, and financial activity, while those that lag behind risk losing influence within emerging digital markets.
The competition is becoming a race to shape the rules governing the next era of global finance.
Why It Matters
The debate over stablecoins and digital currencies extends far beyond cryptocurrency markets. It involves fundamental questions about who controls money, payment systems, and financial infrastructure in the decades ahead.
As digital assets become more integrated into the global economy, governments and central banks face increasing pressure to modernize financial systems while preserving monetary stability.
Why It Matters to Foreign Currency Holders
• Stablecoins are increasingly being used for international transactions and cross-border payments.
• Digital currencies may influence future reserve currency dynamics.
• Tokenized financial systems could alter traditional banking and settlement processes.
• Regulatory decisions today may shape the future role of national currencies.
Implications for the Global Reset
Pillar 1: Transformation of the Global Monetary System
The expansion of stablecoins, tokenized assets, and digital settlement networks represents one of the most significant changes to financial infrastructure in decades. The future monetary system may increasingly combine traditional currencies with blockchain-based technologies.
Pillar 2: Competition for Financial Sovereignty
Governments and central banks are working to ensure they retain influence over monetary policy as private-sector digital assets gain adoption. The outcome of this struggle could shape global finance for years to come.
Closing Insight
The debate surrounding stablecoins is no longer simply a cryptocurrency issue. It has evolved into a broader discussion about monetary sovereignty, financial stability, and the future architecture of the global financial system.
This is not just a digital currency story—it is a battle over who will control the next generation of money.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — "Brazil to Announce First Panda Bond Issuance During China Visit"
Cointelegraph — "ECB Says Stablecoin Risks Strengthen Digital Euro Case"
~~~~~~~~~~
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Thank you Dinar Recaps
Saturday Iraq News Posted by Tishwash at TNT 6-6-2026
TNT:
Tishwash: The Prime Minister's advisor: Al-Zidi's government has taken measures to preserve the purchasing power of the dinar and curb inflation.
The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, affirmed on Saturday that the government, headed by Ali Falih Al-Zaidi, has taken measures to preserve the purchasing power of the Iraqi dinar and curb inflation.
Salih told the Iraqi News Agency (INA) that "the policy of stabilizing the official exchange rate is based on a fundamental objective: protecting the external value of the national currency and maintaining the stability of the general price level." He pointed out that "the stability of the exchange rate has contributed to strengthening confidence in the Iraqi dinar and supporting the purchasing power of citizens."
TNT:
Tishwash: The Prime Minister's advisor: Al-Zidi's government has taken measures to preserve the purchasing power of the dinar and curb inflation.
The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, affirmed on Saturday that the government, headed by Ali Falih Al-Zaidi, has taken measures to preserve the purchasing power of the Iraqi dinar and curb inflation.
Salih told the Iraqi News Agency (INA) that "the policy of stabilizing the official exchange rate is based on a fundamental objective: protecting the external value of the national currency and maintaining the stability of the general price level." He pointed out that "the stability of the exchange rate has contributed to strengthening confidence in the Iraqi dinar and supporting the purchasing power of citizens."
Salih added that "the relationship between the stability of the exchange rate and the stability of prices of goods and services in the local market has remained strong, given the limited impact of the parallel market on the pricing system and the effectiveness of monetary policy." He explained that "financing imports through the official banking system and relying on the state's foreign reserves has contributed to providing imported goods at stable and controlled prices."
He continued, stating that "government policies aimed at maintaining the stability of prices for public goods and services, along with the expansion of modern commercial distribution methods, particularly cooperative stores and advanced marketing models, have strengthened competition and contributed to reducing inflationary pressures and supporting price stability."
Saleh explained that "among the most prominent factors putting pressure on the value of the national currency are the decline in official reserves, uncontrolled monetary expansion, and excessive reliance on oil revenues, which are currently subject to geopolitical constraints imposed on the freedom of energy markets, in addition to political and regional tensions and their impact on foreign currency flows and economic confidence."
He emphasized that "raising the value of the Iraqi dinar cannot be achieved through quick administrative decisions, but rather through a long-term reform process based on the stability of monetary and fiscal policies, diversification of national income sources, and strengthening confidence in the local currency."
He noted that "the stability of the dinar remains a direct reflection of the stability of the macroeconomy and its ability to withstand local and international changes, which is what the government is working on through a package of measures to strengthen the value of the Iraqi dinar.
These measures include working to enhance foreign reserves, diversify the national economy and reduce dependence on oil, achieving stability in the balance of payments, as well as controlling the parallel market, reforming the banking system, expanding the use of electronic payment methods, and promoting financial inclusion." link
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Tishwash: Iraqi Government: Companies in the Kurdistan Region Must Get Their Final Financial Reports Approved in Baghdad
Yad Nozad — 3 hours agoVarious currency exchange rates in Sulaymaniyah money market.
A new decision by Baghdad creates problems for the foreign transfer process of companies in the Kurdistan Region, forcing them to pay taxes twice and register in the center.
New Condition for Foreign TransfersStarting from June 1 of this year, the Iraqi government has imposed a new condition on companies in the Kurdistan Region. According to the decision, no company can carry out foreign transfers or send money through banks unless their final financial report (annual audit) is approved by the Iraqi Accountants and Auditors Association in Baghdad.
This step comes alongside the implementation of the ASYCUDA system at the borders of the Region.Two Taxes and Two Reports
This decision places a heavy financial burden on companies in the Region, as they will now have to prepare their final financial reports twice. This means they must pay taxes twice — once to the Kurdistan Regional Government and once to the federal government in Baghdad.
This significantly increases their operating costs.Marginalizing Accountants in the RegionAnother challenge of this decision is that banks will no longer accept approvals from legal accountants in the Kurdistan Region.
Companies are now forced to register in Baghdad, and only Iraqi (federal) accountants can approve their reports. Otherwise, their auditing and money transfer processes in banks will be disrupted.
Kurdistan Delegation Visit to Baghdad To resolve this issue and discuss the implementation of the ASYCUDA system, a delegation from the Kurdistan Regional Government is scheduled to visit Baghdad in the coming days. The goal of the delegation is to address these new obstacles and find solutions to prevent further damage to companies and traders in the Kurdistan Region. link
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Tishwash: Miles Caggins: Oil companies want guarantees
23 minutes ago
Miles Caggins, spokesman for the Kurdistan Regional Petroleum Industry Association (Epicur)
The former spokesman of the Kurdistan Regional Government (KRG) said that the main reason for the non-resumption of oil production companies in the Kurdistan Region was security threats and drone and missile attacks.
Companies were at risk
Miles Caggins, in an exclusive interview with Channel 8, said that recently after the ceasefire between Iran and the United States and the calm of the war situation, companies resumed operations secretly, but again the companies were attacked, so they stopped working.
Guarantee operational security
He said the companies have clearly told the relevant authorities that they will not resume work until the security of their work is guaranteed.
Debt is still debt and has not been repaid
Regarding the $1 billion debt of the companies, which was agreed between the Iraqi government and the Kurdistan Regional Government, the former spokesman of Epicor said: "So far, the debt has not been recovered, but the companies have not made this the main problem.
Resumption of corporate operations
In a meeting between the Kurdistan Regional Government (KRG) delegation and Iraqi Prime Minister Ali Zaydi, he called on the oil companies to resume operations and promised to implement their demands. llink
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Tishwash: Parliamentary Defense Committee: Four important laws on the parliamentary agenda after the recess
The Parliamentary Security and Defense Committee confirmed on Thursday
that four important laws will be discussed and undergo their first and second readings after the end of the parliamentary recess.
Committee member MP Yasser Watout told Al-Maalomah, “Four important laws will be discussed and undergo their first and second readings, leading to a vote, after the end of the parliamentary recess, that is, after July 1st.”
He added that “the most prominent of these laws concerns amending the law governing the service of the Internal Security Forces, in addition to other equally important laws.” He pointed out that “the Security and Defense Committee is serious about finalizing these laws and expediting the necessary procedures and amendments in order to complete the first and second readings and proceed to a vote.”
Watout emphasized that “these laws are of great importance in guaranteeing the rights of members of the security and military forces,” explaining that “the proposed amendments will take into account all opinions, including those of security leaders, to ensure the enactment of more effective and efficient laws.” link
************
Tishwash: MP: The session to complete al-Zaydi's cabinet will be held soon, and the same names will not return.
MP Mohammed Karim Al-Baldawi, a member of the Coordination Framework, confirmed on Thursday that there is an agreement to hold a session of the House of Representatives in order to complete the vote on the remaining ministerial lineup of Prime Minister Ali Falih Al-Zidi’s government.
Al-Baldawi told Al-Maalouma that "the political blocs are moving towards replacing the previous names nominated for the nine ministerial portfolios, and presenting new figures who are suitable for the requirements of the stage and to fill the vacant positions."
He added that "through this approach, the parties seek to give themselves and society a greater sense of reassurance by putting forward new names that enjoy wider acceptance."
Regarding the coordination framework, Al-Baldawi stressed that it is “strong and cohesive despite the existence of differing viewpoints on some contentious issues among its components,” indicating that “the framework represents the backbone of the political process, and whoever bets on influencing its unity is mistaken, and everyone must work to preserve it.”
He pointed out that “weakening the coordination framework means weakening the entire political system in the country.”
Political circles are awaiting the scheduling of a session to complete the vote on the cabinet of Ali Faleh al-Zaidi's government, aiming to resolve the dispute that arose from the previous session. This dispute stemmed from political accusations leveled against Speaker of Parliament Haibat al-Halbousi, alleging he deliberately obstructed the approval of certain ministerial nominees and prevented them from being presented for a vote of confidence. link
Iraq Economic News and Points To Ponder Late Friday Evening 6-5-26
The Real Problem Versus The Fake Problem!
Published on: June 5, 2026: 03:59 PM There are socialists in Iraq, but there is no socialism, nor has there ever been. Socialism in Iraq is a word, a slogan, an old political myth, like freedom, transparency, fighting corruption, and social justice. What is absent and missing in this country becomes present only when the authorities so desire.
I believe that mentioning socialism as a mindset and a problem lacks any real, philosophical, or intellectual justification, just as there are no demands of a socialist nature. It's no secret that Iraqi socialists themselves don't have a socialist program; they've lowered their expectations within our chaotic system, whose identity remains unclear.
The Real Problem Versus The Fake Problem!
Published on: June 5, 2026: 03:59 PM There are socialists in Iraq, but there is no socialism, nor has there ever been. Socialism in Iraq is a word, a slogan, an old political myth, like freedom, transparency, fighting corruption, and social justice. What is absent and missing in this country becomes present only when the authorities so desire.
I believe that mentioning socialism as a mindset and a problem lacks any real, philosophical, or intellectual justification, just as there are no demands of a socialist nature. It's no secret that Iraqi socialists themselves don't have a socialist program; they've lowered their expectations within our chaotic system, whose identity remains unclear.
No demonstrations have raised socialist slogans or demanded a socialist system; rather, demonstrations have taken place against rampant corruption—specifically, against the corruption that has turned the state into a cash cow.
This is the real problem that needs to be addressed and confronted with courageous will.
Anything else is simply an attempt to evade a real problem by creating a false one.
So what happened to make the Iraqi Prime Minister call for moving beyond the “socialist mentality” in managing the economy?
Is there truly a socialist mindset managing the economy? I believe Iraq lacks even a sound mind to manage its economy. Since 2003, the political administration has failed to utilize available and readily available professional expertise. Throughout these years, the disregard for professional competence has become the norm.
The political system has not invested in talent but rather in entrenched political factions, most of which lack merit and are solely concerned with their own narrow interests.
The prevailing rentier economy has been exposed since 2003 due to the cessation of any productive, cumulative activity in various economic sectors, with the exception of oil.
However, even oil revenues have been squandered by corruption and haphazard projects. Our economy is not managed by experts but by politicians who think only of their own pockets, served by commercial economic offices and banks run by currency traders, along with a group of accountants to distribute salaries and bonuses.
Ironically, some of those who amassed wealth from the rentier state that controlled the Iraqi economy equated the public sector with socialism.
Among them were those who sought to circumvent the legal frameworks of state and public ownership, facilitating matters for corrupt individuals and the newly rich who profited from fraudulent and failed contracts and projects, and from plundering the state with impunity. I believe the intention behind expanding this analogy, which conflates and politicizes terminology, is to dismantle what remains of the public sector and offer it up to investors complicit with politicians.
The aim is for the market to prevail. But even a market needs an economic and ethical mind to monitor, hold accountable, and regulate, not one that permits looting, bribery, and forged credentials.
And here we are again, arriving at the real crux of the matter: corruption, the traditions of corruption, the lack of oversight, and political collusion with the corrupt—not a socialist mindset!
No one before Mr. Ali al-Zaidi, in all the presidencies, ever uttered the word "socialism." It has no meaning in the Iraq of 2003, occupied by the Americans, not only because the Americans oppose socialism, but also because they dismantled the state—a state that monitors, records, and punishes—and opened the doors of an Iraq that produces nothing but oil.
It has become a garage for cars, restaurants, malls, and banquets for politicians who have divided the spoils of the state amongst themselves. The prevailing economy in Iraq is one of garages, restaurants, buildings, malls, exorbitant salaries, entertainment, and the importation of everything, even electricity and gas.
So where did the idea of abandoning the socialist mentality come from, in circumstances where no mentality governs Iraqi life other than that of corruption and the exploitation of a rentier state that produces nothing but oil and sells it?
Most of the post-2003 wealthy acquired their riches and privileges from the rentier state and its spoils after the American occupation.
Many of them now criticize and attack the state instead of developing a program to rebuild it on productive democratic foundations, diversify its productive sectors in industry, agriculture, and tourism, regulate oversight and taxation, and improve people's living conditions.
Now, there is a growing awareness of a socialist mindset. What is this mindset doing? Is it hindering investment, or is it corruption that is destroying all investor confidence?
Are there socialist laws in place? Profit-driven investment has even infiltrated education and healthcare, leaving public education and healthcare in a state of collapse.
Most of the revenue from this impoverished state is plundered by the forces that constitute the political system. And here we are, returning to the same wound that requires urgent treatment, instead of offering misguided, pseudo-cultural ideas.
Before becoming a political force, Islamists were proponents of intellectual interpretations that countered socialism with an Islamic socialism, and capitalism with an Islamic concept of justice that respected private property but opposed usury. During the presidency of the Islamist Morsi, Egypt requested a loan from Germany.
Because the Islamists were new to the intricacies of governance, requiring a balance between principles and reality—between permissible and usurious funds—they emphasized, to an excessive degree, that the interest rate on this loan was minimal, not exceeding 3 or 4 percent—a reasonable interest acceptable to both reason and religion.
In reality, the loan was approved based on an Islamic legal principle invoked during crises: necessity permits what is forbidden!
After seizing power, they sought to control the public sphere. In collaboration with Salafist groups, they began searching for demons in cinemas, nightclubs, the streets, among oud and violin makers, and among ancient ruins, museums, and the fabric of civil society. (I'm not saying this to be funny; it's true and was a rehearsal for what they call "enjoining good and forbidding evil" campaigns!)
The slogans and phrases will change; they no longer speak of Islamic socialism, though they continue to equate democracy with the consultative system (Shura) as if they were identical, in an attempt to convince the West. They have come to realize that Gamal Abdel Nasser's old socialism was sold out during Sadat's era, and that the Egyptian regime is secular!
Every Islamist term that finds its way into the political sphere is driven by a hidden agenda or is a reaction to a different reality that they are trying to control through manipulation. Political Islam is the biggest producer of empty rhetoric.
And despite all the evils of the system falsely labeled socialist, the poor only lost the basic necessities for a decent and lawful life after the fat cats seized control of the economy during the reign of the pious president.
What is meant by the socialist mentality other than the remnants of the plundered public sector, demanding its privatization instead of its reform, while simultaneously replacing ideas of social justice with the terms of market and investment?
Is this a psychological condition exhibited by bureaucratic employees who fear for their positions, leading them to obstruct, delay, and procrastinate? This is a specific case, not inherent to bureaucracy. But what about employees who obstruct citizens' transactions to extort bribes from them? This is truly prevalent in government departments!
In Iraq, where corruption is systematic, Islamic jurisprudence is transformed into a cynical liberalism, where the forbidden is permissible, and it is the witness by which the absent is measured!
This digression is not without purpose. Returning to the core issue of abandoning the socialist mindset necessarily involves navigating the trenches of politics, political Islam, economic failure, and the decline and corruption of power.
Indeed, labeling our rentier state, which relies on oil production and sales, as a socialist state is a fundamental error—an error rooted in the illusions of the previous political regime and those of so-called nationalist states like Syria, Nasserist Egypt, Gaddafi's Libya, and Algeria. These regimes raised the banner of socialism while clinging to state dominance over the economy, politics, and society.
Some achieved relatively good growth rates, but these were unsustainable due to the authoritarian tendencies of the political system. The problem with these regimes extends beyond state economic control to police state dominance and political despotism. Herein lies the dangerous flaw.
The issue transcends this or that intellectual concept or development plan; it concerns the relationship between the state and the people.
The social contract between the state and the people is broken and reduced to a brutal authority imposing its conditions—an authority, not a state, because the state has been subservient to the political system.
Let us consider this point carefully.
The urgent democratic demands in Iraq can be summarized as follows: rebuilding the state and freeing it from the clutches of corruption and the control of political forces.
These demands have been thwarted by the existing political system, and specifically by the forces that hold power.
The sectarian power-sharing system has squandered the accumulated capital of the rentier state, increased its debt, and undermined the credibility of its leaders, raising doubts about their competence in managing the economy, politics, and social affairs. The problem lies here. The real issue is here, not in any intellectual or mental model!
The Dollar Peg: How It Works and Why It's Done
The Dollar Peg: How It Works and Why It's Done
Why Countries Peg Their Currencies to the Dollar
By Kimberly Amadeo Updated on May 6, 2020
A dollar peg is when a country maintains its currency's value at a fixed exchange rate to the U.S. dollar. The country's central bank controls the value of its currency so that it rises and falls along with the dollar. The dollar's value fluctuates because it’s on a floating exchange rate.
At least 66 countries either peg their currencies to the dollar or use the dollar as their legal tender. The dollar is so popular because it's the world's reserve currency. World leaders gave it that status at the 1944 Bretton Woods Agreement.
The Dollar Peg: How It Works and Why It's Done
Why Countries Peg Their Currencies to the Dollar
By Kimberly Amadeo Updated on May 6, 2020
A dollar peg is when a country maintains its currency's value at a fixed exchange rate to the U.S. dollar. The country's central bank controls the value of its currency so that it rises and falls along with the dollar. The dollar's value fluctuates because it’s on a floating exchange rate.
At least 66 countries either peg their currencies to the dollar or use the dollar as their legal tender. The dollar is so popular because it's the world's reserve currency. World leaders gave it that status at the 1944 Bretton Woods Agreement.
The runner-up is the euro. Twenty-five countries peg their currencies to it. The 19 eurozone members use it as their currency.
Key Takeaways
The dollar peg is used to stabilize exchange rates between trading partners.
A country that pegs its currency to the U.S. dollar seeks to keep its currency’s value low. A lower value currency vis-à-vis the dollar allows the country’s exports to be very competitively priced.
Compared to the floating exchange rate, dollar-pegging promotes anti-competitiveness in trade with the United States.
The yuan’s peg to the dollar allows the United States to buy cheap imports from China. But the price of such an advantage is the loss of U.S. manufacturing jobs.
How It Works
A dollar peg uses a fixed exchange rate. A country's central bank promises to give you a fixed amount of its currency in return for a U.S. dollar. The country must have lots of dollars on hand to maintain this peg. As a result, most of the countries that use a U.S. dollar peg have significant exports to the United States. Their companies receive lots of dollar payments. They exchange the dollars for local currency to pay their workers and domestic suppliers.
Central banks use the dollars to purchase U.S. Treasurys. They do this to receive interest on their dollar holdings. If they need to raise cash to pay their companies, they may sell Treasurys on the secondary market.
A country's central bank will monitor its currency exchange rate relative to the dollar's value. If the currency falls below the peg, it needs to raise its value and lower the dollar's value. It does this by selling Treasurys on the secondary market. That gives the bank cash to purchase local currency. By adding to the supply of Treasurys for sale in the market, their value drops, along with the value of the dollar. This adjustment reduces the supply of local currency, raising its value, and the peg is restored.
Keeping the currencies equal is difficult since the dollar's value changes constantly. That's why some countries peg their currencies' value to a dollar range instead of an exact number.
Example of a Fixed Exchange Rate
China switched from a fixed exchange rate in July 2005. It is now more flexible but still managed with a close eye.4 It prefers to keep its currency low to make its exports more competitive.
China's currency power comes from its exports to America. The exports are mostly consumer electronics, clothing, and machinery. In addition, many U.S.-based companies send raw materials to Chinese factories for cheap assembly. The finished goods become imports when they are shipped back to the United States.
Chinese companies receive American dollars as payment for their exports, which they deposit into their banks in exchange for yuan to pay their workers. Local Chinese banks transfer dollars to China's central bank, which stockpiles them in its foreign currency reserves. The Chinese Central Bank holdings reduce the supply of dollars available for trade. That puts upward pressure on the dollar.
China's central bank also uses the dollars to purchase U.S. Treasurys. It needs to invest its dollar stockpile into something safe that also gives a return, and there's nothing safer than Treasurys. China knows this will further strengthen the dollar and lower the yuan's value.
Why Countries Peg Their Currencies to the Dollar
The U.S. dollar's status as the world's reserve currency makes many countries want to peg. One reason is that most financial transactions and international trade are made in U.S. dollars. Countries that are heavily reliant on their financial sector peg their currencies to the dollar. Examples of these trade-reliant countries are Hong Kong, Malaysia, and Singapore.
Other countries that export a lot to the United States peg their currencies to the dollar to maintain competitive pricing. They try to keep the value of their currencies lower than the dollar. The lower currency value gives them a comparative advantage by making their exports to America cheaper.
Japan doesn't exactly peg the yen to the dollar. Its approach is similar to China. It tries to keep the yen low compared to the dollar because it exports so much to the United States. Like China, it receives a lot of dollars in return. As a result, the Bank of Japan is the largest purchaser of U.S. Treasurys.
Other countries—like the oil-exporting nations in the Gulf Cooperation Council—must peg their currencies to the dollar because oil is sold in dollars.6 As a result, they have large amounts of dollars in their sovereign wealth funds. These petrodollars are often invested in U.S. businesses to earn a greater return. For example, Abu Dhabi invested petrodollars in Citigroup to prevent its bankruptcy in 2008.78
Countries that do a lot of trading with China will also peg their currencies to the dollar. They want their exports to be competitive with the Chinese market. They want their export prices always to be aligned with the Chinese yuan. Pegging their currencies to the dollar accomplishes that.
https://www.thebalancemoney.com/what-is-a-peg-to-the-dollar-3305925
Seeds of Wisdom RV and Economics Updates Saturday Morning 6-6-26
Good Morning Dinar Recaps,
The Rise of the Digital State: AI Surveillance Expands as Governments Seek Greater Control
The rapid growth of artificial intelligence is transforming security, governance, and surveillance, raising new questions about privacy, freedom, and the future balance of power.
Good Morning Dinar Recaps,
The Rise of the Digital State: AI Surveillance Expands as Governments Seek Greater Control
The rapid growth of artificial intelligence is transforming security, governance, and surveillance, raising new questions about privacy, freedom, and the future balance of power.
Overview
Artificial intelligence is rapidly becoming one of the most powerful technologies shaping the modern world. While AI continues to revolutionize business, healthcare, finance, and communications, governments are increasingly deploying it for surveillance, security, and law enforcement purposes.
According to recent research, AI-powered surveillance technologies are now being used in dozens of countries across both democratic and authoritarian systems. As adoption accelerates, concerns are growing over privacy rights, government oversight, and the potential emergence of highly centralized digital governance structures.
Key Developments
1. AI Surveillance Expands Worldwide
AI surveillance systems, including facial recognition, predictive policing, and smart-city monitoring platforms, are now operating across a significant number of countries worldwide.
What began as limited security programs has evolved into sophisticated networks capable of tracking movements, analyzing behavior, and processing massive amounts of data in real time.
2. China Continues to Lead Global Surveillance Deployment
China remains the dominant exporter of AI surveillance technology through major firms such as Huawei and ZTE. The country's "Safe City" model combines facial recognition cameras, behavioral analytics, and centralized command centers to monitor public activity.
Chinese surveillance systems have been exported throughout Asia, Africa, the Middle East, and parts of Europe, extending Beijing's technological influence abroad.
3. Western Democracies Are Increasing AI Monitoring Capabilities
The article highlights that AI surveillance is not limited to authoritarian governments. The United States and several European nations have expanded AI-assisted security programs, border monitoring systems, and data collection initiatives.
Recent debates have emerged regarding government access to personal data, AI-powered monitoring tools, and the balance between national security and civil liberties.
4. Europe Struggles to Balance Security and Privacy
While the European Union has adopted regulatory frameworks such as the AI Act, several member states continue testing advanced surveillance technologies.
Critics argue that some programs involving facial recognition, automated border screening, and expanded digital monitoring may conflict with privacy protections and human rights standards.
5. Regulation Continues to Lag Behind Technology
One of the article's central themes is that technological innovation is advancing faster than government regulation. Policymakers worldwide are struggling to establish clear rules governing how AI can be deployed while protecting democratic institutions and individual freedoms.
The debate is increasingly focused on who ultimately controls the data, algorithms, and digital infrastructure that power modern societies.
Why It Matters
Artificial intelligence is rapidly becoming a foundational layer of modern governance. As governments gain access to more sophisticated monitoring tools, questions surrounding privacy, accountability, and civil liberties are becoming increasingly important.
The issue extends beyond technology and enters the realm of political power, national security, and the future structure of digital societies.
Why It Matters to Foreign Currency Holders
• AI-driven governance could influence future financial monitoring systems.
• Digital identity programs may become more integrated with banking and payment networks.
• Governments may gain greater visibility into cross-border financial transactions.
• The evolution of digital infrastructure could reshape how money moves globally.
Implications for the Global Reset
Pillar 1: Digital Infrastructure Becomes Strategic Infrastructure
As governments expand AI capabilities, control over data, digital networks, and information systems is becoming as strategically important as control over traditional infrastructure.
Pillar 2: The Emergence of the Digital State
AI surveillance, digital identity systems, and advanced data analytics are creating the framework for increasingly digitized governance models. How these technologies are regulated may help determine whether future systems prioritize freedom, efficiency, security, or centralized control.
Closing Insight
The growth of AI surveillance demonstrates that the future of technology is no longer solely about innovation—it is increasingly about governance. As governments and corporations build the digital systems that will shape future societies, the question is no longer whether AI will be used for surveillance, but how much oversight and accountability will accompany its deployment.
This is not simply a technology story—it is a glimpse into the emerging architecture of the digital state and the evolving relationship between power, data, and individual freedom.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Modern Diplomacy — "The Politics of AI Surveillance: Who Controls the Digital State?"
Carnegie Endowment for International Peace — "The Global Expansion of AI Surveillance"
~~~~~~~~~~
🌱 A Message to Our Currency Holders🌱
If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.
What failed was not your patience — it was the information you were given.
For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.
That is not your failure.
Our mission here is different: • No dates • No rates • No hype • No gurus
Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process
Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.
You will see silence. You will see denials. That is not delay — that is discipline.
Protect your identity. Organize your documents. Verify everything.
Never hand your discernment to anyone who cannot show proof.
You deserve truth — not timelines.
Seeds of Wisdom Team
Newshounds News™
~~~~~~~~~~
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Thank you Dinar Recaps
Seeds of Wisdom RV and Economics Updates Friday Afternoon 6-5-26
Good Afternoon Dinar Recaps,
Hezbollah Rejects Ceasefire as Middle East Peace Efforts Face New Setback
The collapse of a U.S.-brokered Lebanon ceasefire highlights the growing link between regional conflicts, Iran negotiations, and global economic stability.
Good Afternoon Dinar Recaps,
Hezbollah Rejects Ceasefire as Middle East Peace Efforts Face New Setback
The collapse of a U.S.-brokered Lebanon ceasefire highlights the growing link between regional conflicts, Iran negotiations, and global economic stability.
Overview
Efforts to reduce tensions in the Middle East suffered a setback after Hezbollah rejected a U.S.-brokered ceasefire agreement negotiated between Israel and the Lebanese government. The development raises new questions about whether broader diplomatic efforts involving Iran can succeed and underscores how interconnected the conflicts in Lebanon, Gaza, and Iran have become.
The rejection comes as Washington seeks to transform recent military de-escalation into a wider diplomatic framework with Tehran. However, Hezbollah's refusal to support the agreement demonstrates the challenges of achieving regional stability without the participation of key non-state actors.
Key Developments
1. Hezbollah Rejects U.S.-Brokered Ceasefire
The ceasefire proposal was negotiated between Israel and the Lebanese government, but Hezbollah was not directly involved in the talks. As the dominant military force in southern Lebanon, Hezbollah's rejection significantly reduces the likelihood that any ceasefire can be successfully implemented.
The decision highlights the limits of diplomatic agreements that do not include all major stakeholders on the ground.
2. Iran Peace Prospects Face New Obstacles
The development complicates ongoing efforts to improve relations between Washington and Tehran. Iranian officials have repeatedly linked progress on sanctions relief and nuclear negotiations to the treatment of Iran's regional allies, including Hezbollah.
As a result, continued fighting in Lebanon could directly impact broader U.S.-Iran diplomatic discussions.
3. Regional Conflicts Continue to Merge
What once appeared to be separate conflicts are increasingly becoming part of a larger regional crisis. Events in Lebanon now influence negotiations involving Iran, Israel, Gaza, and Gulf security.
This growing interconnectedness makes diplomatic solutions more difficult and increases the risk of wider escalation.
4. Energy Markets Remain Sensitive to Instability
Although global markets have recently shown optimism regarding potential de-escalation, the latest setback raises concerns about future volatility. Investors remain focused on risks surrounding the Strait of Hormuz, regional shipping routes, and energy infrastructure.
Any expansion of hostilities could quickly affect oil prices and global supply chains.
5. Long-Term Stability Remains Elusive
Analysts increasingly believe that temporary ceasefires alone may not be enough to achieve lasting peace. Without addressing the broader strategic competition between Iran, Israel, and the United States, future agreements may remain vulnerable to collapse.
The situation highlights the complexity of achieving sustainable stability across the region.
Why It Matters
The rejection of the ceasefire demonstrates that military realities on the ground continue to shape diplomatic outcomes. As regional actors pursue competing strategic objectives, efforts to reduce tensions face significant obstacles.
The outcome will influence not only regional security but also global energy markets, trade routes, and investor confidence.
Why It Matters to Foreign Currency Holders
• Geopolitical instability can increase volatility across global financial markets.
• Energy disruptions often influence inflation and currency valuations.
• Safe-haven assets may attract increased demand during periods of uncertainty.
• Prolonged instability can affect trade flows and economic growth worldwide.
Implications for the Global Reset
Pillar 1: Geopolitical Stability and Financial Markets
The Middle East remains one of the world's most strategically important regions for energy production and trade. Continued instability can directly affect inflation, investment flows, and economic growth.
Pillar 2: Regional Conflicts Shape Global Economic Conditions
As geopolitical conflicts become increasingly interconnected, their economic consequences extend far beyond national borders. Energy security, supply chains, and international finance are all impacted by developments in the region.
Closing Insight
Hezbollah's rejection of the ceasefire serves as a reminder that lasting peace requires more than diplomatic agreements between governments. The broader struggle involving Iran, Israel, and regional allies continues to influence both security and economic conditions throughout the world.
This is not simply a ceasefire dispute—it is another example of how regional power struggles can shape global financial stability, energy markets, and the future direction of international diplomacy.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Modern Diplomacy — "Hezbollah Rejects Lebanon Ceasefire, Casting Doubt on Iran Peace Prospects"
Reuters — "Middle East Diplomacy Faces Challenges as Regional Tensions Persist"
~~~~~~~~~~
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The Fed Just Made it’s Biggest Move Since 2008
The Fed Just Made it’s Biggest Move Since 2008
Mark Moss: 6-5-2026
The financial world is abuzz with the talk of a significant transformation brewing at the heart of U.S. monetary policy.
A recent video outlines a compelling narrative regarding the new Federal Reserve Chair, Kevin Warsh, and the most substantial monetary regime change witnessed since 2008.
This isn’t just a tweak; it’s presented as a foundational overhaul, moving away from decades-old practices and setting a new course for the economy.
The Fed Just Made it’s Biggest Move Since 2008
Mark Moss: 6-5-2026
The financial world is abuzz with the talk of a significant transformation brewing at the heart of U.S. monetary policy.
A recent video outlines a compelling narrative regarding the new Federal Reserve Chair, Kevin Warsh, and the most substantial monetary regime change witnessed since 2008.
This isn’t just a tweak; it’s presented as a foundational overhaul, moving away from decades-old practices and setting a new course for the economy.
Unlike his predecessors, who largely operated within established frameworks, Kevin Warsh is described as an architect of structural reform. His appointment is particularly noteworthy, having been handpicked by Treasury Secretary Scott Bessent.
Both Warsh and Bessent share a common background as former partners of the renowned investor Stanley Druckenmiller, bringing a potent blend of deep macroeconomic understanding and real-world investing acumen to the highest levels of economic stewardship.
Their mission? To dismantle a legacy framework that, since 1971, has arguably linked government deficits to persistent inflationary pressures and cheap debt. Warsh’s strategy is multi-faceted, focusing on three key structural reforms designed to reshape how the Federal Reserve operates.
The proposed changes are profound and aim to fundamentally rewrite the monetary playbook:
Rethinking Inflation Measurement: At the core of this shift is a change in how inflation is measured. The legacy framework relied on the core Personal Consumption Expenditures (PCE) inflation gauge. The new regime, however, proposes adopting a “trimmed mean PCE” metric. This alternative largely excludes volatile, one-off price shocks, which has a significant implication: inflation figures could appear closer to the Fed’s target without requiring drastic price declines. This strategic adjustment could enable the Fed to potentially adjust interest rates while maintaining the narrative of controlled inflation.
Eliminating Forward Guidance: The era of explicit forward guidance, often characterized by the Fed’s “dot plot,” appears to be drawing to a close. Warsh’s approach seeks to dismantle this system, moving towards a monetary policy focused more on direct rate-setting rather than liquidity interventions. This doctrinal break represents a significant departure from the practices of the last four Fed chairs, who largely operated within a similar inflation-targeting paradigm tied to a fiscal-monetary symbiosis. The goal is a more autonomous and market-driven approach to monetary policy.
Shrinking the Balance Sheet: To reduce reliance on quantitative easing (QE), a hallmark of post-2008 monetary policy, the new regime aims to shrink the Fed’s balance sheet. This move signals a desire to return to more conventional tools for managing economic stability, lessening the dependence on large-scale asset purchases that have characterized recent decades.
These monetary reforms are not isolated; they are presented as integral to a broader national economic strategy.
The video highlights a focus on financing critical initiatives such as re-industrialization, the development of critical mineral mining and refining capabilities, advancements in energy infrastructure, and leadership in the burgeoning AI technology race.
This strategic alignment echoes historic debt management strategies, particularly the post-World War II period where robust economic growth helped erode the burden of national debt rather than relying solely on outright repayment.
The outlook suggests a dynamic where inflation is expected to run “hot but controlled,” asset prices could outpace inflation, and real interest rates might remain low, all designed to fuel this ambitious growth agenda.
Within this evolving landscape, certain assets are highlighted as playing unique roles. Bitcoin and gold are positioned as key “liquidity sponges” or productive stores of value.
The idea is that these assets could absorb monetary expansion without experiencing significant devaluation, offering a stable haven amidst economic shifts. Intriguingly, the video suggests an institutional endorsement of Bitcoin, recognizing its potential as “digital gold” for younger generations within this new monetary framework.
Ultimately, the video conveys a powerful message: the monetary “train” of deficit spending and easy money is unlikely to be halted.
For individuals and investors, the imperative becomes deciding whether to position themselves to potentially benefit from this new regime or risk being left behind as the anticipated economic boom unfolds.
For a deeper dive into these insights and further information, be sure to watch the full video from Mark Moss.
https://www.youtube.com/watch?v=HVDZx8lmvB0
https://dinarchronicles.com/2026/06/05/mark-moss-the-fed-just-made-its-biggest-move-since-2008/
Iraq Economic News and Points To Ponder Friday Morning 6-5-26
The 2026 World Cup Will Be The Most Expensive In History
Money and Business Economy News - Follow-up Bloomberg News reported that the costs of the 2026 FIFA World Cup will be the highest in history for fans attending the tournament in the United States, Canada, and Mexico.
The agency explained that ticket prices for the tournament matches have witnessed an unprecedented rise, with some categories reaching hundreds of thousands of dollars, coinciding with a significant increase in transportation, parking and match-related service costs.
The 2026 World Cup Will Be The Most Expensive In History
Money and Business Economy News - Follow-up Bloomberg News reported that the costs of the 2026 FIFA World Cup will be the highest in history for fans attending the tournament in the United States, Canada, and Mexico.
The agency explained that ticket prices for the tournament matches have witnessed an unprecedented rise, with some categories reaching hundreds of thousands of dollars, coinciding with a significant increase in transportation, parking and match-related service costs.
She noted that this prompted a number of fans to announce their boycott of attending the tournament and to be content with following it remotely.
With the 2026 World Cup kicking off next week in Canada, Mexico and the United States, the controversy surrounding the tournament, already ranked as the most expensive in football history, is growing.
As fans prepare to follow the world's biggest event, ticket prices and tournament-related expenses have become a major topic of discussion, with some fearing the impact of strict US immigration policies on the event's atmosphere.
Conversely, host cities face increasing financial pressure to avoid incurring significant losses, as they seek to offset the expenses associated with hosting the matches by passing some of the costs on to consumers and taxpayers.
In New York State, which is hosting the final at MetLife Stadium, the New Jersey Transit Authority has introduced special tickets to get to the stadium for $98 per trip, compared to about $13 under normal circumstances.
This is just one example of the price increases associated with the tournament, which is expected to generate up to $13 billion in revenue for FIFA.
The 2026 edition saw the implementation of the "dynamic pricing" system for the first time in the history of the World Cup, a system that links ticket prices to market demand levels.
FIFA said that demand for tickets reached record levels during this edition, with more than half a billion purchase requests submitted during the first phase of sales.
With increased demand, prices automatically rise according to the new pricing mechanism, making the 2026 World Cup tickets the most expensive in the tournament's history.
Since the announcement that the tournament would be hosted, security and transportation costs have emerged as one of the biggest challenges facing the host cities.
The US government had approved grants of $625 million for the eleven US cities hosting the games, but these funds were not disbursed until last March, and many officials believe that they may not be enough to cover the actual expenses.
The problem is further complicated by the fact that the cities do not receive any share of the match revenues, as the proceeds go directly to FIFA, which in turn asserts that it reinvests these funds in the development of football around the world.
Therefore, host cities rely primarily on tourist spending and indirect economic returns to offset their investments, a bet that often does not pay off, according to mathematical economists.
Bloomberg News quoted Andrew Zimbalist, an economics professor at Smith College and author of several studies on the economics of sports, as saying that government grants are an important support but are not enough to meet potential security challenges.
He added: "This is a good amount, but it doesn't even come close to covering potential security problems. When costs are high on one hand, while direct revenues for cities are almost non-existent on the other, the result is a net loss of this magnitude."
He explained that part of these expenses may be covered through local sponsorship contracts or private donations, but the remaining part will likely be borne by taxpayers in the end.
As the world prepares to watch the largest edition in World Cup history in terms of the number of teams and matches, increasing questions arise about whether the expected economic gains will actually justify the exorbitant costs borne by fans and host cities, or whether the tournament could turn into an economic "backfire" off the pitch.
https://www.economy-news.net/content.php?id=69872
Gold Is Declining And Heading For A Weekly Loss
Money and Business Economy News - Follow-up Gold prices edged lower on Friday and are on track for a weekly loss after Middle East tensions dampened hopes for a peace deal between the United States and Iran, amid rising inflation and concerns about higher interest rates.
Gold fell 0.3 percent to $4,462.22 an ounce in spot trading by 0049 GMT. It is down about 1.6 percent so far this week.
U.S. gold futures for August delivery fell 0.4 percent to $4,489, according to Reuters.
https://www.economy-news.net/content.php?id=69863
Trade: New Measures To Combat Monopolies And Ensure Competitive Pricing Of Goods
Localities Economy News – Baghdad The Ministry of Commerce announced on Friday new measures to combat monopolies and provide goods at competitive prices.
The Ministry of Trade spokesman, Mohammed Hanoun, said that "the ministry is witnessing remarkable progress compared to previous years, through the adoption of reform and administrative programs aimed at enhancing performance efficiency and improving the level of services provided to citizens," noting that "the ministry is currently working on developing mechanisms for market control and monitoring price movements in coordination with the relevant regulatory bodies, which contributes to reducing cases of monopoly and price manipulation and protecting the consumer."
He added that "the ministry is also focusing on updating the work procedures of its various departments and expanding the use of electronic systems, with the aim of simplifying transactions and reducing administrative red tape, as well as enhancing food security procedures through managing the strategic stock of basic materials and ensuring the stability of the supply of ration card items."
Hannon pointed out that “the ministry, in the context of serving the citizen and achieving social justice, has moved towards adopting the experience of government hypermarkets as a modern model that provides food and consumer goods of appropriate quality and competitive prices, while providing wider options for citizens in various governorates,” explaining that “this experience aims to enhance balance in the local market, support the purchasing power of Iraqi families, and provide an organized shopping environment that contributes to achieving price stability and serving various segments of society.”
https://www.economy-news.net/content.php?id=69881
The Integrity Commission Deploys Its Field Staff To Monitor Fuel Distribution And Supervise Filling Stations
Energy Economy News – Baghdad The Federal Integrity Commission announced on Friday that it has formed field teams to monitor the fuel supply process at filling stations and supervise distribution mechanisms in order to prevent smuggling and ensure that petroleum products reach citizens, as part of the measures taken to address the gasoline crisis and monitor the smooth flow of supply.
A statement issued by the commission and received by “Al-Eqtisad News” stated that “teams composed of staff from the Prevention and Investigations Departments began, on Friday afternoon, to carry out surprise field visits to a number of fuel filling stations on both sides of Baghdad, Karkh and Rusafa.”
He added that "the visits are to review the procedures for preparing the gasoline product, and to match the quantities of fuel supplied from the warehouses of the Oil Products Distribution Company with the quantities dispensed to citizens, as well as to follow up on the storage and distribution mechanisms and to verify that no cases of smuggling or manipulation have occurred."
He pointed out that “the field teams observed that the preparation operations, especially after the issuance of the Prime Minister’s directives, are continuing at the stations that were visited, especially the Al-Saydiya station, where there was a greater demand for improved gasoline compared to regular gasoline, with the stations continuing to be supplied with the product via tankers and at regular rates, while a relative congestion was observed at the outlets for supplying improved gasoline, with the smooth flow of work and supplying citizens with fuel.” https://www.economy-news.net/content.php?id=69880
Iraqi Oil Exports Via The Kurdistan Region Pipeline Are Expected To Stabilize In May.
Energy Economy News – Baghdad Economic expert Nabil Al-Marsoumi predicted on Friday that Iraq’s total oil exports during May would remain at the same levels as April, at around 329,000 barrels per day as an additional export rate through the northern outlets and some alternative distribution channels, amid continued unrest in the region and disruption of supply chains through the Strait of Hormuz.
Al-Marsoumi explained in a post that the average export through the Kurdistan Region pipeline to the Turkish port of Ceyhan reached 233,000 barrels per day in May, of which about 20,000 barrels came from the region’s fields, and the rest from Kirkuk oil and the northern and central fields.
These estimates come in conjunction with official warnings issued by Oil Minister Bassem Mohammed Khudair, in which he revealed the extent of the damage inflicted on the country’s export capacity as a result of the current tensions in the region, noting that total exports have declined from their normal rate of 93 million barrels per month before the crisis, to be limited to very low levels of only about 10 million barrels in April due to the disruption of maritime navigation.
Seeds of Wisdom RV and Economics Updates Friday Morning 6-5-26
Good Morning Dinar Recaps
Digital Finance Accelerates as Governments and Markets Prepare for a New Monetary Era
Growing adoption of tokenized assets, stablecoins, and digital financial infrastructure is reshaping the future of global commerce and capital flows.
Good Morning Dinar Recaps
Digital Finance Accelerates as Governments and Markets Prepare for a New Monetary Era
Growing adoption of tokenized assets, stablecoins, and digital financial infrastructure is reshaping the future of global commerce and capital flows.
Overview
A series of developments today highlight the accelerating transformation of the global financial system. Policymakers, financial institutions, and technology firms are increasingly embracing digital assets, tokenized finance, and blockchain-based payment systems as part of a broader modernization effort.
At the same time, governments are working to establish regulatory frameworks that balance innovation with financial stability. These trends suggest that the evolution of money, payments, and capital markets is moving from experimentation toward implementation.
Key Developments
1. Digital Asset Integration Expands Across Traditional Finance
Financial institutions continue integrating digital assets into mainstream products and services. Recent initiatives involving tokenized collateral, digital asset-backed lending, and regulated stablecoins demonstrate growing confidence that blockchain technology can coexist with traditional financial systems.
The trend reflects a shift from speculative use cases toward practical financial applications.
2. Stablecoins Gain Strategic Importance
Governments and regulators are increasingly recognizing stablecoins as a significant component of future payment systems. Discussions surrounding stablecoin regulation have intensified as policymakers seek to preserve monetary oversight while encouraging innovation.
The rapid growth of stablecoin markets has elevated the issue from a niche technology topic to a strategic financial priority.
3. Tokenization of Real-World Assets Continues Advancing
Tokenization initiatives involving real estate, securities, commodities, and other assets are gaining momentum globally. Supporters argue that tokenized markets can improve efficiency, increase liquidity, and reduce transaction costs across the financial sector.
Many analysts view tokenization as one of the most transformative developments in modern finance.
4. Central Banks Continue Exploring Digital Currency Frameworks
Major economies remain engaged in research and development surrounding central bank digital currencies (CBDCs). While implementation timelines vary, policymakers continue evaluating how digital currencies could improve payment systems while maintaining financial stability.
The ongoing work reflects growing recognition that payment infrastructure is undergoing significant change.
5. Global Competition for Financial Innovation Intensifies
Nations around the world are competing to attract investment, talent, and innovation within the digital asset sector. Regulatory clarity is increasingly viewed as a competitive advantage as countries seek leadership positions within the emerging digital economy.
This competition is accelerating efforts to modernize financial regulations and infrastructure.
Why It Matters
The transition toward digital finance represents more than a technological upgrade. It reflects a broader shift in how value is stored, transferred, and managed across the global economy.
As digital assets become increasingly integrated into traditional finance, the distinction between conventional and blockchain-based systems continues to narrow.
Why It Matters to Foreign Currency Holders
• Digital payment systems may influence future cross-border transactions.
• Stablecoins could play a larger role in international commerce.
• Tokenized assets may create new opportunities for investment and liquidity.
• Regulatory developments could impact the future role of major reserve currencies.
Implications for the Global Reset
Pillar 1: Evolution of Money and Payments
Digital assets, stablecoins, and tokenized financial products are transforming how transactions occur within the global economy. These developments may influence the future architecture of international payments and settlements.
Pillar 2: Modernization of Financial Infrastructure
The expansion of blockchain-based systems demonstrates a growing effort to modernize financial infrastructure for a more digital and interconnected world.
Closing Insight
Today's developments reinforce the idea that the future of finance is increasingly digital. While challenges remain regarding regulation, security, and adoption, momentum continues building toward a financial system that combines traditional institutions with emerging technologies.
This is not simply financial innovation—it is part of a broader transformation in how money, assets, and economic value move throughout the global economy.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Cointelegraph — "Coinbase to Launch Token-Backed Mortgage Down Payments This Summer"
Reuters — "Central Banks and Regulators Continue Expanding Digital Finance Frameworks"
~~~~~~~~~~
🌱 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™
~~~~~~~~~~
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