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More Iraq News Posted by Tishwash at TNT 7-4-2026
TNT:
Tishwash: Parliament opens its legislative session with a reading of the cybercrime law.
The Media Department of the House of Representatives published the agenda for the first session of the second legislative term, which will be held on Monday, July 6, 2026, after the end of the legislative holiday.
At the top of the agenda is the controversial Cybercrime Law, which faced mixed reactions when presented to Parliament during previous sessions, leading to the postponement of its reading.
TNT:
Tishwash: Parliament opens its legislative session with a reading of the cybercrime law.
The Media Department of the House of Representatives published the agenda for the first session of the second legislative term, which will be held on Monday, July 6, 2026, after the end of the legislative holiday.
At the top of the agenda is the controversial Cybercrime Law, which faced mixed reactions when presented to Parliament during previous sessions, leading to the postponement of its reading. link
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Tishwash: Prime Minister's Advisor: Iraq succeeds in securing its first international financing with a sovereign guarantee to support the private sector
The advisor to the Prime Minister, Saleh Mahoud Salman, announced today, Thursday, the completion of the first international financing transaction for an Iraqi private sector project with an Iraqi sovereign guarantee. This was achieved in cooperation with the German institution AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank.
This step is considered a significant accomplishment within the government's efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.
Mahoud explained in a statement received by the Iraqi News Agency (INA) that "this transaction represents the beginning of a new phase in utilizing sovereign guarantees to attract international financing, technology, and investments, which will contribute to enabling the private sector to implement developmental and productive projects with a direct economic impact. It also reflects the success of building partnerships with leading international banking institutions, most notably Commerzbank, one of the most prominent European banks."
He added that "this achievement is the first in a series of development financing projects that are hoped to be implemented during the next phase, which will support the diversification of the national economy, enhance local industry, provide job opportunities, and consolidate partnerships with global financial institutions."
He stressed that “the success of this operation is the result of coordination and cooperation between Iraqi government agencies (the Ministry of Finance and the Trade Bank of Iraq) and international partners,” expressing his appreciation to all Iraqi and international parties that contributed to achieving this accomplishment, which represents a practical step towards expanding financing and investment opportunities in Iraq, and enhancing the presence of international banks and financial institutions in financing Iraqi private sector projects. link
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Tishwash: A presidential decree has been issued referring the Sudanese president and several members of his former government to retirement.
The President of the Republic issued a presidential decree ordering the retirement of former Prime Minister Mohammed Shia al-Sudani and a number of members of his former government, based on the provisions of the Constitution and the Unified Retirement Law.
According to the information, the decree did not include the ministers who continued to hold their positions within the current government formation, including Foreign Minister Fuad Hussein and Justice Minister Khalid Shawani.
The Republican Decree No. (24) stated that the decision was based on the provisions of Clause (Seventh) of Article (73) of the Constitution, and Clause (First) of Article (14) of the Unified Retirement Law No. (9) of 2014, and based on what was presented by the Prime Minister.
The decree included the referral of each of the following :
Mohammed Shia'a Sabbar Al-Sudani, Prime Minister.
Hayyan Abdul Ghani Abdul Zahra, Deputy Prime Minister and Minister of Oil.
Taif Sami Mohammed, Minister of Finance.
Abdul Amir Kamel Abdullah, Minister of the Interior.
Saleh Mahdi Mutallab, Minister of Health.
Khaled Battal Najm, Minister of Industry and Minerals.
Atheer Dawood Salman, Minister of Trade.
Awn Dhiab Abdullah, Minister of Water Resources.
Ahmed Fakak Ahmed, Minister of Culture, Tourism and Antiquities.
Ahmed Jassim Saber, Minister of Labor and Social Affairs.
Haha, Mustafa Al-Askari, Minister of Environment.
Benkin Abdullah Rikani, Minister of Construction, Housing and Public Municipalities.
· link
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Tishwash: A leader in the Reconstruction and Development Coalition: Banking system reforms have tightened the noose on the funds of corrupt individuals.
Mashreq Al-Fariji, a leader in the Reconstruction and Development Coalition, confirmed that the reforms adopted by the government of Prime Minister Mohammed Shia Al-Sudani in the banking system and combating money laundering have contributed to narrowing the loopholes that were used to smuggle illicit funds.
Al-Fariji said in a post on the (X) platform that the money of the corrupt is now being stored in houses, farms and concrete walls, after the closure of the roads that were previously used to smuggle or launder money.
He added: "Why is the money of the corrupt hidden in houses, farms, and concrete walls? Because it was Mr. Al-Sudani's government that reformed the banking system and combated money laundering and smuggling, thus narrowing the loopholes that the corrupt were accustomed to using... The rest is up to Mr. Al-Zaidi." link
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Tishwash: Government plan to restructure and reduce the number of banks
The Iraqi government is accelerating its steps to restructure the banking sector, as part of a reform plan that extends over the next two years, aimed at building a banking system more integrated with the global financial system, coinciding with the resumption by the United States of dollar shipments to Iraq after a hiatus of several months.
The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, said in an interview followed by (Al-Mada) that the government is currently implementing a roadmap to reform the banking sector in cooperation with international auditing firms, expecting that the next 24 months will witness a major transformation in the sector’s structure.
He explained that the plan includes reducing the number of banks in exchange for increasing their capital, expanding their relationships with global banks, and increasing the number of correspondent banks, considering that these indicators reflect progress in the path of financial reform.
Saleh added that Iraq is moving towards a transition from "geopolitical" to "geoeconomic" status, a transformation that requires a banking system capable of financing economic activity in accordance with governance and transparency standards, after years of the sector being affected by political conditions that hindered its integration into the international financial system.
He pointed out that the restructuring includes strengthening financial compliance and preventing the misuse of funds for purposes other than economic ones, in line with the requirements for combating money laundering and terrorist financing, noting that Iraq seeks to move from the grey list to the white list by adhering to international standards.
Saleh confirmed that the reform program includes merging a number of local banks, liquidating a limited number of them, involving international banks, and adopting international auditing and accounting systems, which will enhance the credit rating, reduce risks, and raise the efficiency of liquidity management.
He explained that the presence of experts from the US Treasury Department and international institutions comes within the framework of technical cooperation to develop the banking sector, and does not affect national sovereignty, stressing that building a transparent banking system is a prerequisite for improving the investment environment and attracting capital.
In a related development, the New York Times reported, in a report followed by (Al-Mada), that the United States has resumed dollar shipments to Iraq after suspending them for months, which was confirmed by the spokesman for the Prime Minister, Haider al-Abudi, along with the financial advisor, Mazhar Muhammad Salih.
The flow of dollars into Iraq is subject to strict monitoring under mechanisms overseen by the US Federal Reserve, as part of measures aimed at ensuring transparency in the movement of funds and preventing their use in money laundering operations or their access to entities subject to sanctions, while the Central Bank of Iraq relies on these transfers to meet market needs and finance import operations. link
Iraq Economic News and Points To Ponder Saturday Morning 7-4-26
Government Plans To Raise Non-Oil Revenues To 45% In 10 Years
Money and business Economy News – Baghdad The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Friday, that the total public debt of Iraq is still within the limits that can be managed according to international standards, pointing out that the government plans aim to raise non-oil revenues to 45% within ten years.
Government Plans To Raise Non-Oil Revenues To 45% In 10 Years
Money and business Economy News – Baghdad The financial adviser to the Prime Minister, the appearance of Mohammed Saleh, on Friday, that the total public debt of Iraq is still within the limits that can be managed according to international standards, pointing out that the government plans aim to raise non-oil revenues to 45% within ten years.
Saleh said that "talk about the entry of the economy in the danger zone when public debt exceeds 40% of public revenues must be read within a set of financial indicators, and not in isolation from them, because international institutions do not adopt this indicator alone, but also look at the ratio of debt to GDP, the cost of debt service, and the ability of the state to generate and sustain revenues."
He added that "the bulk of the Iraqi debt is internal debt, while the decline in external debt in recent years, which makes the real challenge linked to the nature of public revenues, which depends heavily on oil, which makes public finances vulnerable to fluctuations in oil prices in global markets," noting that "any decline in oil prices raises the debt-to-revenue ratio and increases pressure on the general budget, even if the public debt did not witness a significant increase. "
He pointed out that "the external debt to be paid until 2028 does not exceed about $ 9 billion, and in addition to the internal debt, the total debt represents about 36% of GDP, which is still within the limits that can be managed according to international standards that speak of more than 60%."
He added that "this percentage may decrease further if the settlement of the outstanding amounts within the 2004 Paris Club Agreement, which has not been resolved so far, as these obligations belong to about eight countries, including Gulf countries, and it is expected that their deduction will lead to the write-off of at least 80% of those amounts, and perhaps more, in accordance with the terms of the standard agreement."
Saleh explained that "the internal debt exceeded 100 trillion dinars, equivalent to about 80 billion dollars when calculated in foreign currency, which represents the largest part of the total public debt," pointing out that "the impact of internal debt on the financial independence of Iraq remains limited as long as the external debt within the levels can be managed, especially that the external obligations due until 2028 remain relatively limited. "
He stressed that "the continuation of the fiscal deficit and dependence on borrowing, especially in the event of low oil prices, may reduce the flexibility of fiscal policy and increase the need for reform and financing measures," noting that "the International Monetary Fund confirms that the main challenge for Iraq is not the size of debt as much as it is to contain the fiscal deficit and diversify sources of public revenues."
"The current fiscal policy is working to gradually raise the contribution of non-oil revenues to about 45 percent of total public revenues over the next 10 years, compared to the current situation, in which non-oil revenues do not exceed 10% of total revenues," he said.
He explained that "this is achieved through improving tax and customs collection, automating financial systems, expanding the tax base, revitalizing the private sector and investment, and reforming the banking sector," noting that "these measures need time to be fully reflected on the financial reality, but they represent the most sustainable path to address the problem of liquidity, reduce dependence on oil, and enhance the ability of the Iraqi economy to cope with external shocks and achieve long-term financial stability. "
He pointed out that "there are arrears representing the benefits of the private sector of contractors, farmers and others equivalent to the internal debt, and called (arrears), and if it is not possible to pay it will enter into the internal debt category to be settled fundamentally
https://www.economy-news.net/content.php?id=70942
Oil Products: No Manipulation Of The Quality Of Gas Oil (Kaz) Equipped For Residential Generators
Locals Economy News – Baghdad The Oil Products Distribution Company denied on Saturday the existence of any quality manipulation (Kaz) equipped for generators within the free quota.
The company said in a statement received by "Economy News" that it "categorically denies the existence of any manipulation of the quality of gas oil (Kaz) equipped for residential generators within the free quota for the months of July and August."
She added that "the inspections are continuing and that the quantities processed within the required specification."
https://www.economy-news.net/content.php?id=70989
Europe Is Worried About The Development Of Artificial Intelligence
Arab and International Economy News - Follow-up Fears are mounting within Europe that the rapid development of artificial intelligence technologies is outpacing regulatory frameworks, at a time when warnings are mounting of the implications for the financial stability and competitiveness of the old continent.
While artificial intelligence is seen as a key driver for boosting productivity and boosting economic growth, regulators and central banks see its risks evolving faster than its rules and regulations, posing unprecedented challenges for policymakers.
Officials in European central banks and regulators said the legislative preparation cycle was no longer able to keep up with the speed of innovation, especially with the emergence of technologies such as proxy artificial intelligence, which open wide economic horizons, but at the same time raise growing concerns about the safety of markets and the financial system.
At the same time, the gap between Europe and the United States in the race for artificial intelligence is widening, as investors see Europe’s dependence on bank financing as limiting the flow of investment to this sector, compared to the United States, which benefits from capital markets in financing giant technology companies, threatening to reduce European competitiveness in one of the most important strategic sectors.
Financial regulation in Europe has struggled to keep pace with the rapid development of artificial intelligence, according to European policymakers, who are grappling with how to support adoption while containing risks to market integrity and stability.
Nikhil Rathi, Chief Executive of the Financial Conduct Authority of Britain, acknowledged that traditional regulatory tools are no longer enough to keep pace with successive developments, stressing that the pace of innovation in artificial intelligence requires regulators to reconsider the methods of setting rules and supervisory mechanisms.
European Central Bank President Christine Lagarde stressed that artificial intelligence represents a great opportunity to boost productivity and support economic growth, but at the same time warned that it carries risks that may be more complex than traditional cybersecurity threats.
Lagarde pointed out that the speed of development of these technologies exceeds the ability of existing protection tools to contain their risks.
Sarah Breden, deputy governor of the Bank of England, warned that the expansion of the use of proxy artificial intelligence technologies within financial markets may increase volatility during periods of crisis, calling for the development of stricter control mechanisms, including automatic stop-trading systems to reduce the risk of any mistakes that may be made by artificial intelligence models.
In parallel with regulatory concerns, investment concerns are also growing, with European officials seeing the continent as required to accelerate its investment in artificial intelligence, boost its own capabilities and maintain its technological sovereignty, without compromising the requirements of financial stability https://www.economy-news.net/content.php?id=70986
Basrah Crudes Lose Up To 10% Weekly
2026-07-04 02:35 Shafaq News- Basrah Iraq's Basrah crudes posted weekly losses of 1.57% and 10.42%, despite a modest rebound in global benchmark prices during the final trading session.
Basrah Heavy slipped 16 cents, or 0.27%, to close at $60.09 per barrel, bringing its weekly decline to 96 cents. Basrah Medium lost $5.16, or 8.28%, to settle at $57.19 per barrel, widening its weekly loss to $5.96.
International benchmark prices ended higher, with Brent gaining 32 cents, or 0.45%, to $72.12 per barrel, while US West Texas Intermediate advanced 9 cents, or 0.13%, to $68.78 per barrel.
https://www.shafaq.com/en/Economy/Basrah-crudes-lose-up-to-10-weekly
Dollar Falls Against Iraqi Dinar In Baghdad And Erbil
2026-07-04 04:10 Shafaq News- Baghdad/ Erbil The US dollar opened Saturday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.
According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,250 dinars per 100 dollars, down from the previous session’s 154,750 dinars.
In the Iraqi capital, exchange shops sold the dollar at 154,750 dinars and bought it at 153,750 dinars, while in Erbil, selling prices stood at 154,100 dinars and buying prices at 154,000 dinars.
https://www.shafaq.com/en/Economy/Dollar-falls-against-Iraqi-dinar-in-Baghdad-and-Erbil
Seeds of Wisdom RV and Economics Updates Saturday Morning 7-4-26
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U.S. Law Enforcement Group Drops Opposition to CLARITY Act, Clearing Key Legislative Hurdle
The Major County Sheriffs of America (MCSA) has withdrawn its opposition to the CLARITY Act after lawmakers addressed several of the organization's concerns, removing one of the bill's most significant obstacles as the Senate prepares for a potential vote.
Good Morning Dinar Recaps,
U.S. Law Enforcement Group Drops Opposition to CLARITY Act, Clearing Key Legislative Hurdle
The Major County Sheriffs of America (MCSA) has withdrawn its opposition to the CLARITY Act after lawmakers addressed several of the organization's concerns, removing one of the bill's most significant obstacles as the Senate prepares for a potential vote.
Overview
The Major County Sheriffs of America (MCSA) has changed its position on the CLARITY Act from opposition to neutral after revisions addressed key law enforcement concerns.
The shift removes a major obstacle for the legislation as lawmakers continue working toward a full Senate vote.
While supporting the bill's progress, the organization continues to advocate for stronger resources and authority for state and local law enforcement to combat digital asset-related financial crime.
Key Developments
1. Law Enforcement Withdraws Opposition
The Major County Sheriffs of America (MCSA) announced it is no longer opposing the CLARITY Act, stating that several concerns raised earlier regarding the legislation have been addressed through discussions with lawmakers.
2. Blockchain Liability Provisions Remain a Focus
A central concern involved Section 604, which incorporates the Blockchain Regulatory Certainty Act. The provision is designed to protect blockchain developers from liability for illicit activity conducted by users on decentralized networks, provided the developers do not control user transactions.
3. Senate Path Becomes Clearer
The removal of organized law enforcement opposition is viewed by many observers as an important step toward advancing the legislation through the Senate. Lawmakers continue pushing for a floor vote in the coming weeks before the congressional calendar becomes more constrained.
4. Additional Amendments Still Requested
Although adopting a neutral position, the MCSA continues to request amendments that would provide state and local law enforcement agencies with additional training, investigative tools, funding, and participation in federal studies addressing decentralized finance (DeFi) and illicit finance risks.
Why It Matters
The CLARITY Act seeks to establish a comprehensive regulatory framework for digital assets while balancing innovation with consumer protection and financial crime enforcement. Reduced opposition from major law enforcement organizations could improve the bill's chances of advancing through Congress and provide greater regulatory certainty for the digital asset industry.
Why It Matters to Foreign Currency Holders
Although the legislation primarily focuses on digital assets, stronger regulatory clarity for blockchain technology may accelerate the modernization of global financial infrastructure. Investors monitoring digital payment systems, tokenized assets, and future cross-border financial innovation will be watching the legislation's progress closely.
Implications for the Global Reset
Pillar 4 – Technology
Advancing the CLARITY Act supports the development of regulated blockchain infrastructure, clearer digital asset rules, and broader institutional adoption of tokenized financial technologies within the United States.
Future Outlook
The Senate is expected to continue negotiations as lawmakers work toward a full floor vote on the CLARITY Act. While bipartisan support continues to build, additional amendments related to financial crime enforcement and stablecoin regulation could still shape the final version of the legislation. If enacted, the bill would represent one of the most significant updates to U.S. digital asset regulation and could influence global regulatory standards.
This is not just about cryptocurrency—it reflects the United States' continuing effort to modernize financial regulation while balancing innovation, investor protection, and the fight against illicit financial activity.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
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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:
• 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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America Turns 250 At 125, It Looked Like the End
America Turns 250 At 125, It Looked Like the End
Notes From the Field By James Hickman (Simon Black / Sovereign Man) July 3, 2026
On the afternoon of September 6, 1901, President William McKinley stood in a receiving line at the Pan-American Exposition in Buffalo, New York, shaking hands with a crowd of well-wishers.
One of the people in the crowd was a young man named Leon Czolgosz... who was patiently waiting with a revolver wrapped in a handkerchief. When he reached the front, he fired twice into the president's abdomen.
America Turns 250 At 125, It Looked Like the End
Notes From the Field By James Hickman (Simon Black / Sovereign Man) July 3, 2026
On the afternoon of September 6, 1901, President William McKinley stood in a receiving line at the Pan-American Exposition in Buffalo, New York, shaking hands with a crowd of well-wishers.
One of the people in the crowd was a young man named Leon Czolgosz... who was patiently waiting with a revolver wrapped in a handkerchief. When he reached the front, he fired twice into the president's abdomen.
McKinley died eight days later, and, Czolgosz, an unemployed factory worker, went to the electric chair without a trace of remorse. He insisted it was his duty to strike down a symbol of oppression.
Czolgosz wasn’t a crazed madman, but rather a product of his time. The America of 1901 was 125 years into its history— the exact midpoint between the Declaration of Independence and today.
And despite the US economy already being the largest in the world at that point, the year 1901 did not feel like a nation striding confidently into the American Century.
The US financial system lurched from panic to panic, and to a great many observers, the young republic looked less like a rising power and more like a country unraveling.
The rich versus poor divide was growing, and violent socialist movements spread. Political assassinations, terrorism, and bombings became a recurring feature of public life.
The political violence did not end with McKinley’s assassination, either. Followers of the Italian anarchist Luigi Galleani waged a years-long bombing campaign against judges, politicians, and businessmen.
It peaked at noon on September 16, 1920, when a horse-drawn wagon packed with explosives detonated in front of the headquarters of J.P. Morgan on Wall Street, killing thirty people and wounding hundreds more. The case was never solved.
Many of these anarcho-socialists were immigrants, which poured gasoline on the raging blaze of backlash against widespread immigration.
In 1907 alone, more than a million people passed through Ellis Island. Immigrants were arriving faster than anyone knew how to absorb them, and people were getting tired of it.
Congress passed legislation that imposed a literacy test on immigrants, then banned entire countries. At first, people from Asia and the Middle East were shut out. Subsequent legislation set strict quotas, slamming the door on the southern and eastern Europeans who were considered undesirable.
Yet the instability continued... as did the government’s push to consolidate power.
After the Panic of 1907 nearly brought down the financial system, Congress used the scare to establish the Federal Reserve in 1913. This was the first step toward money that could be printed at will.
Also in 1913, the Constitution was amended, giving Congress the power to tax income.
The income tax (16th Amendment) was sold to the American people as a tax on the very rich that would only affect the top 2% of US households. Idiotic socialists at the time believed the lie and supported the amendment; after all, the rich should pay their fair share.
Within decades, three quarters of Americans were paying income tax.
With a new central bank and tax power in place, Washington then raced to join World War I (despite being an ocean away), and borrowed on an unimaginable scale to do it.
Frankly it all looked pretty bleak.
And yet, while all the bad news and turmoil was ongoing, America was simultaneously producing miracles.
Henry Ford put the country on wheels with the Model T and the moving assembly line. Motion pictures went from novelty to industry. Radio turned from a tinkerer's hobby into a machine that could broadcast to every home in the nation.
These were American breakthroughs that rewired the entire global economy and powered better times ahead.
Seventy-five years later, America's 200th birthday looked little better. In 1976, the economy was mired in stagflation that “experts” had previously sworn was impossible.
Oil shocks had humiliated the country at the gas pump. American dominance looked spent in the wreckage of Vietnam, and the nation had watched President Richard Nixon resign in disgrace.
Terrorism was back. Plane hijackings were somewhat commonplace. Crime rampaged across the cities.
And yet what followed was the personal computer, the Internet, the longest peacetime expansion in the country's history, and a comeback almost nobody standing in a gas line in 1976 would have believed.
Which brings us to the 250th birthday, today.
Political violence is back in American life. Immigration is once again a major issue. Fraud and corruption are rampant (and hardly anyone pays the price). And Washington's finances are in worse shape than at any point in the country's history, with the national debt larger than the entire economy.
Yet at the same time, American companies are building artificial intelligence, next-generation nuclear power, robotics, and biotech breakthroughs that could rewire the global economy even more than the assembly line and the Internet did. Chaos and invention have always lived side by side in the US, and they still do.
America was born out of revolution, and it has endured a civil war, two world wars, a depression, a decade of stagflation, and repeated financial panics.
Every one of those episodes brought years of real pain, but every time, the country that looked terminally ill came back stronger than ever.
There is an old saying in politics (usually credited to Winston Churchill, though apparently first quipped by an Israeli diplomat): Americans will always do the right thing... after exhausting all the alternatives.
Apocryphal or not, that is the pattern: the right thing comes eventually, but the pain comes first.
America is not just a country; it is an idea, and it may be the most extraordinary idea human beings have ever assembled. It stands on the shoulders of giants— Greek thought, Roman law, Judeo-Christian values, and free-market capitalism, fused with a conviction about individual liberty balanced by personal responsibility.
Betting against that idea has been the worst trade of the past 250 years.
To be clear, having a Plan B is not a bet against America either. The concept is not to hide in a bunker with canned food and guns because the end is near.
The point of a Plan B is to be honest about the road between here and the recovery: more inflation, higher taxes, and a stretch of instability, and to make sure you have the options available to come at it from a position of strength.
At 250 years, I truly believe the best days are still ahead. But there will be some rough ones in between.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
Seeds of Wisdom RV and Economics Updates Friday Afternoon 7-3-26
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CLARITY Act Advances as U.S. Senate Prepares Final Bill Text, Boosting Momentum for Crypto Regulation
Senate leaders are expected to release the final CLARITY Act text this week as bipartisan negotiations continue, strengthening expectations that the United States is moving closer to establishing a comprehensive regulatory framework for digital assets.
Good Afternoon Dinar Recaps,
CLARITY Act Advances as U.S. Senate Prepares Final Bill Text, Boosting Momentum for Crypto Regulation
Senate leaders are expected to release the final CLARITY Act text this week as bipartisan negotiations continue, strengthening expectations that the United States is moving closer to establishing a comprehensive regulatory framework for digital assets.
Overview
The U.S. Senate is expected to release the final CLARITY Act legislative text this week, marking another major step toward crypto regulatory clarity.
Growing bipartisan support, along with endorsements from industry and law enforcement organizations, has improved confidence that the legislation could advance later this summer.
If enacted, the CLARITY Act would establish clearer rules for digital assets, helping reduce regulatory uncertainty while encouraging innovation and investor protection.
Key Developments
1. Senate Finalizing Legislative Text
The U.S. Senate is reportedly preparing to release the final version of the CLARITY Act, giving lawmakers, industry participants, and investors their clearest view yet of the proposed digital asset regulatory framework before a Senate vote.
2. Bipartisan Support Continues to Build
Although the legislation still requires 60 Senate votes to advance, recent committee support from several Democratic senators has improved prospects for bipartisan cooperation when Congress returns from its July recess.
3. Law Enforcement Backs the Bill
The National Organization of Black Law Enforcement Executives (NOBLE) has become the first major law enforcement organization to endorse portions of the legislation, arguing that regulatory clarity can strengthen compliance, consumer protection, and public safety.
4. Market Optimism Increases
Analysts report that expectations for passage have improved, with investors viewing the legislation as one of the most significant crypto regulatory proposals ever considered by Congress. Markets are closely watching the release of the final bill for additional details.
Why It Matters
The CLARITY Act represents one of the most significant efforts to establish a comprehensive federal regulatory framework for digital assets in the United States. Clear legislation could reduce years of uncertainty surrounding cryptocurrencies while encouraging institutional investment, innovation, and responsible market growth.
Why It Matters to Foreign Currency Holders
Greater regulatory certainty for digital assets could accelerate institutional adoption of blockchain technology, tokenized assets, and digital payment infrastructure. While the legislation does not directly affect foreign currencies, it reflects the continued modernization of global financial systems that many currency holders are closely monitoring.
Implications for the Global Reset
Pillar 4 – Technology
The CLARITY Act could accelerate the integration of blockchain technology into regulated financial markets by providing clearer legal standards for digital assets, tokenization, and emerging financial infrastructure.
Future Outlook
The Senate is expected to publish the final legislative text shortly before lawmakers return from recess. Debate and amendments are likely to follow before a Senate floor vote, with bipartisan support remaining the key factor determining whether the bill becomes law. If approved, the CLARITY Act could reshape the U.S. digital asset industry by providing long-awaited regulatory certainty for businesses, investors, and financial institutions.
This is not just about cryptocurrency—it reflects the United States' broader effort to modernize financial regulation, support technological innovation, and position itself as a global leader in the rapidly evolving digital economy.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
CoinGape – CLARITY Act Advances as US Senate Eyes Final Text Release This Week
Galaxy Research – CLARITY Act: Lowering Our Odds to 60% as the Senate Calendar Tightens
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The Death of the Dollar Just Died
The Death of the Dollar Just Died
Heresy Financial: 7-2-2026
TIMECODES
0:00 The dollar's "death" was greatly exaggerated
0:52 What a stronger dollar means for your portfolio
1:28 Bretton Woods: how the dollar took over (1944)
The Death of the Dollar Just Died
Heresy Financial: 7-2-2026
TIMECODES
0:00 The dollar's "death" was greatly exaggerated
0:52 What a stronger dollar means for your portfolio
1:28 Bretton Woods: how the dollar took over (1944)
2:41 1971: Nixon ends the gold standard
3:37 The petrodollar — and why it's breaking down
4:39 The 2026 war playbook & its 4 pillars
5:31 Chaos, rebuilding & the engineered dollar shortage
6:44 Control the money, control everything
7:50 Wall Street agrees: is de-dollarization over?
Iraq Economic News and Points To Ponder Friday Morning 7-03-26
Advisor To Prime Minister Saleh Mahoud: Iraq Succeeds In Securing The First International Funding With A Sovereign Guarantee To Support The Private Sector
Money and business Economy News – Baghdad Dr. Saleh Mahoud Salman, Advisor to the Prime Minister, announced the completion of the first international funding process for a project belonging to the Iraqi private sector with an Iraqi sovereign guarantee, in cooperation with the German Foundation AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank, in an important step within the government's efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.
Advisor To Prime Minister Saleh Mahoud: Iraq Succeeds In Securing The First International Funding With A Sovereign Guarantee To Support The Private Sector
Money and business Economy News – Baghdad Dr. Saleh Mahoud Salman, Advisor to the Prime Minister, announced the completion of the first international funding process for a project belonging to the Iraqi private sector with an Iraqi sovereign guarantee, in cooperation with the German Foundation AKA Ausfuhrkredit-Gesellschaft mbH, and in partnership with the German Commerzbank, in an important step within the government's efforts to support economic reform and enhance the confidence of international financial institutions in the Iraqi economy.
He explained that this process represents the beginning of a new stage in the use of sovereign guarantees to attract international finance, technology and investments, which contributes to enabling the private sector to implement development and production projects with direct economic impact, and reflects the success of building partnerships with leading international banking institutions, foremost of which is Commerz bank, one of the most prominent European banks.
He added that this achievement is the first of a series of development finance projects that are expected to be implemented during the next phase, in order to support the diversification of the national economy, promote local industry, provide job opportunities, and establish partnerships with international financial institutions.
Dr. Saleh Mahoud Salman stressed that the success of this process is the result of coordination and cooperation between the Iraqi government agencies (the Ministry of Finance and the Iraqi Bank for Trade) and international partners, expressing his appreciation to all Iraqi and international parties that contributed to this achievement, which represents a practical step towards expanding financing and investment opportunities in Iraq, and enhancing the presence of banks and international financial institutions in financing Iraqi private sector projects https://www.economy-news.net/content.php?id=70931
Dollar Heads For Biggest Weekly Decline In Nearly 3 Months
Money and business Economy News - Follow-up The dollar is heading for its biggest weekly decline in nearly three months on Friday after a weak job report for June narrowed market expectations for the Federal Reserve’s interest rate hike, which in turn provided an outlet for the yen, which is under pressure.
The dollar continued to fall at the start of Asian trading, and the euro remained hovering near a two-week high of $1.1442. The pound held steady at $1.3361 and is heading for a 1.2 percent weekly gain in its best performance in nearly three months.
The risk-sensitive Australian dollar stood at $0.6935 and is heading to end a four-week losing streak. The New Zealand dollar traded at $0.5702 and rose 1.2 percent during the week.
The dollar index, which measures the performance of the U.S. currency against a basket of currencies, including the yen and the euro, fell 0.2 percent to 100.77 after falling 0.5 percent on Thursday. Since the beginning of the week, it has fallen 0.58 percent, the biggest weekly decline since early April.
U.S. job growth slowed sharply in June if the number of non-farm payrolls rose 57,000 in June, well below expectations of a rise of 110,000. The labor force participation rate fell to 61.5 percent, its lowest level in more than five years.
The data prompted traders to lower their expectations for the central bank’s rate hikes in the near term. According to C.I.'s FedWatch tool. M. E.C., markets expect ‘52 percent to raise interest rates at the September meeting, up from 64 percent in the previous session.
* Breathable for Lin
The Japanese yen in the latest trading reached 161.01 against the dollar after rising about 1 percent in the previous session, which kept the currency from its lowest level in several decades as the dollar fluctuated.
Investors remained on the verge of possible intervention by the authorities to support the yen
https://www.economy-news.net/content.php?id=70929
Every Day A New Billionaire Is Born. $20 Trillion In The Hands Of Only 3302 People
Reconstruction and construction Economy News - Follow-up The number of billionaires around the world has reached a new record high, rising to 3302 billionaires, the highest ever recorded, driven by strong rises in asset and business markets, according to the latest report issued by UBS.
According to Bloomberg, the number of billionaires rose by about 13 percent in one year, at a time when their combined wealth jumped by 25%, a rate that far exceeds the pace of global wealth growth during the same period.
America and Asia are driving the boom.
Both the United States and Asia have led the recent growth in the wealth of the wealthy, capitalizing on the strong performance of equity markets and the continued prosperity in the technology and artificial intelligence sectors.
The report showed that the number of large wealth holders continues to rise, as there are currently 19 billionaires, each with more than $100 billion, and another 18 billionaires with wealth ranging from $50 billion to $100 billion.
A million new millionaires
The boom was not limited to billionaires, as the world also saw the addition of about 1 million new millionaires in 2025, in a sign of continued growth of private wealth in many economies.
Widening wealth gap
Despite this jump in the number of wealthy people, the report points to another less positive aspect, as the wealth levels of the average citizen have declined in many countries, reflecting the widening gap between the large wealth and the rest of the population.
The report argues that the world is not only seeing an increase in the number of billionaires, but also an increment in wealth distribution, as financial asset-holders continue to benefit from the faster-than-growing market incomes in many economies.
Artificial intelligence and markets are paying wealth
Analysts link this historic leap to the continued gains of global stock markets, especially in technology and artificial intelligence companies, along with the rise in the values of private companies and investment assets, which strengthened the wealth of major investors and entrepreneurs during the past year.
As the number of billionaires continues to record unprecedented levels, the report highlights a growing economic challenge of widening the wealth gap, which has become one of the most prominent issues for policymakers and major economies
https://www.economy-news.net/content.php?id=70936
Artificial Intelligence Widens The Gap Between America And Europe In The List Of The Top 100 Global Companies
Arab and International Economy News - Follow-up The artificial intelligence boom has boosted the dominance of U.S. companies among the world’s largest listed companies by market capitalization, while Europe continues to lose its standing as investors’ investment flows into tech stocks, according to a study by consulting firm Ernst & Young.
The study showed that US companies accounted for 56 of the top 100 listed companies in the world by market capitalization by the end of the first half of the year, ahead of China, which came with 12 companies, and then the United Kingdom and Japan with five companies each.
Germany had only one company in the list of the top 100 companies, after it had three companies at the beginning of the year, with Siemens in 72nd place, while SAP and Allianz fell to 114th and 115th place.
Nvidia, which specializes in the manufacture of electronic chips, topped the ranking with a market value of about $4.8 trillion as of June 30, followed by Alphabet, Apple and Microsoft.
Eight of the world’s top 10 companies by market capitalization were U.S., while Taiwan’s TSMC and Saudi Aramco were the only two companies from outside the United States in the top 10.
“We are currently witnessing a historic shift in the balance of power in the global equity markets,” said Henrik Alrs, managing partner at Ernst & Young in Germany, adding that companies that investors see as playing a leading role in the AI value chain, including chipmakers, cloud service providers, platform operators and data center companies, are gaining sharp rises in their market assessments.
Allers pointed out that Europe faces the risk of structural underdevelopment in one of the most important technologies in the world, due to the fragmentation of capital markets and the weakness of the venture capital system.
Ernst & Young said Germany’s representation among the world’s top 100 companies by market capitalization fell from seven in 2007 to just one now, in reference to the challenges facing Europe’s largest economy.
Allers said Europe still had strength in industrial engineering, but that equity markets were now rewarding technological leadership above all else.
However, some companies have improved their rankings, with Siemens Energy and Infinion making significant progress in their rankings https://www.economy-news.net/content.php?id=70935
Seeds of Wisdom RV and Economics Updates Friday Morning 7-3-26
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ECB Unveils Three-Pillar Digital Euro Roadmap, First Issuance Possible by 2029
The European Central Bank (ECB) has outlined a comprehensive three-pillar strategy to modernize Europe's financial system through a digital euro, tokenized settlement infrastructure, and faster cross-border payments. If approved, the initiative could pave the way for the first issuance of a digital euro by 2029, marking one of the world's most significant central bank digital currency (CBDC) projects.
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ECB Unveils Three-Pillar Digital Euro Roadmap, First Issuance Possible by 2029
The European Central Bank (ECB) has outlined a comprehensive three-pillar strategy to modernize Europe's financial system through a digital euro, tokenized settlement infrastructure, and faster cross-border payments. If approved, the initiative could pave the way for the first issuance of a digital euro by 2029, marking one of the world's most significant central bank digital currency (CBDC) projects.
Overview
The ECB has released a three-pillar roadmap for launching the digital euro and modernizing Europe's payment infrastructure.
Regulatory approval is targeted for 2026, with pilot transactions expected in 2027 and a potential public rollout by 2029.
The initiative aims to strengthen European payment sovereignty while supporting tokenized financial markets and reducing dependence on private stablecoins.
Key Developments
1. ECB Sets Timeline for the Digital Euro
ECB Executive Board member Piero Cipollone outlined a roadmap that targets regulatory approval in 2026, institutional pilot programs beginning in 2027, and the potential issuance of the digital euro by 2029. The retail digital euro is intended to complement physical cash while providing consumers with a secure, central bank-backed digital payment option.
2. Three-Pillar Strategy Modernizes Financial Infrastructure
The ECB's strategy focuses on three key initiatives:
A retail digital euro for consumers with legal tender status.
Wholesale settlement using tokenized central bank money for institutional transactions beginning in 2026.
Interconnected fast-payment systems to improve cross-border payment efficiency throughout Europe.
Together, these initiatives are designed to create a modern payment ecosystem capable of supporting both traditional finance and tokenized assets.
3. Tokenized Settlement Gains Institutional Support
Beginning in September 2026, the ECB plans to allow institutions using distributed ledger technology (DLT) to settle transactions with tokenized central bank money rather than relying on private stablecoins. This move further integrates blockchain technology into regulated financial markets.
4. Europe Seeks Greater Payment Sovereignty
The ECB emphasized reducing Europe's dependence on foreign payment providers and privately issued stablecoins. Standardization agreements have already been signed with major European payment organizations to help ensure broad acceptance of the digital euro across retail payment networks.
Why It Matters
The ECB's roadmap represents one of the most advanced central bank digital currency initiatives among major global economies. Beyond introducing a digital euro, the strategy seeks to modernize payment infrastructure, strengthen financial sovereignty, and integrate tokenized finance into Europe's regulated financial system.
Why It Matters to Foreign Currency Holders
The continued development of the digital euro demonstrates that major central banks are actively modernizing payment systems through tokenization and digital currencies. Investors following global monetary reform may view these developments as another significant milestone in the evolution of next-generation financial infrastructure.
Implications for the Global Reset
Pillar 2 – Trade
A digital euro and faster cross-border payment systems could improve international settlement efficiency, lower transaction costs, and strengthen Europe's role in global commerce.
Pillar 4 – Technology
The ECB's roadmap accelerates the adoption of tokenized finance, distributed ledger technology, and central bank digital currency infrastructure, helping modernize Europe's financial architecture.
Future Outlook
The next major milestone will be the European Union's regulatory approval process in 2026. If approved on schedule, pilot programs will begin in 2027 before a possible public launch in 2029, positioning Europe among the first major economies to deploy a large-scale central bank digital currency integrated with tokenized financial markets.
This is not just about launching a digital euro—it reflects Europe's broader strategy to modernize financial infrastructure, strengthen payment sovereignty, and prepare its economy for the next generation of digital finance.
Seeds of Wisdom Team
Newshounds News™ Exclusive
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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:
• 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.
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Friday Iraq News Posted by Tishwash at TNT 7-3-2026
TNT:
Tishwash: The US Treasury is tracking $300 billion outside the Iraqi banking system.
Informed sources revealed to Al-Mustaqilla information described as serious, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of sums of money estimated at about $300,000,000,000 believed to have left the official banking system.
According to the source, these funds are suspected to still be outside banking channels, specifically with certain political figures, away from direct financial oversight.
TNT:
Tishwash: The US Treasury is tracking $300 billion outside the Iraqi banking system.
Informed sources revealed to Al-Mustaqilla information described as serious, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of sums of money estimated at about $300,000,000,000 believed to have left the official banking system.
According to the source, these funds are suspected to still be outside banking channels, specifically with certain political figures, away from direct financial oversight.
The source also pointed to what he described as “precise sequences of dollar movement allocated to Iraq,” where the path of funds is tracked and transfer and distribution operations are analyzed, in an attempt to uncover the whereabouts of large sums believed to be inside the country or outside the official financial system.
The information added that ongoing tracking operations reveal – according to the source – a complex financial network linked to dollar flows inside and outside Iraq, which raises questions about the size of undeclared funds and their true paths. link
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Tishwash: The European Union hands over to the Ministry of Finance the assets of a project to develop public financial management in Iraq.
The European Union handed over, on Wednesday (July 1, 2026), the assets resulting from the "Strengthening Public Finances and Financial Markets" project to the Iraqi Ministry of Finance, in a move aimed at supporting public financial management and enhancing joint cooperation in the fields of macroeconomics and investment.
The EU said in a statement received by Baghdad Today that “today, EU-funded assets were officially handed over to the Iraqi Ministry of Finance, in an important step that reflects our shared commitment to strengthening public financial management.”
He added, “During the handover ceremony, both the Director General of the Administration Department at the Ministry of Finance, Sadiq Huwaidi Abbas, and the Head of the New Cooperation Section at the European Union Mission, Wim Rippma, spoke about the depth of the partnership and its outstanding results between the European Union and Iraq in the fields of economy and investment.”
The statement indicated that “the transfer of assets resulting from the ‘Strengthening Public Finances and Financial Markets’ project, funded by Germany and implemented by GIZ, reflects the sustainable impact of this cooperation and paves the way for continued joint work to establish transparent, effective and sustainable public financial management in Iraq,” adding that “together we look forward to a new chapter in our partnership.” link
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Tishwash: Enhancing the investment environment tops the agenda of Al-Zaidy's meeting with businessmen, along with broader support for the private sector.
Prime Minister Ali Faleh al-Zaidi discussed with a group of Iraqi businessmen ways to develop the investment environment and expand the contribution of the private sector to the economic development process.
The Prime Minister’s Media Office stated in a statement that “Prime Minister Ali Faleh Al-Zaidi received a group of Iraqi businessmen in various commercial, industrial and financial sectors.”
According to the statement, the Prime Minister affirmed “the government’s commitment to providing a safe investment environment and supporting all legislation and laws that contribute to achieving the requirements for investment, commercial and industrial success.”
He pointed out that “the private sector is an important partner in development and service projects in Iraq.”
He pointed out that “the government will support his active presence within the framework of its plan included in the ministerial program, which focuses on freeing the economy from the single-system model and employing all capabilities to diversify sources of income and maximize resources. link
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Tishwash: The Central Bank and the Integrity Commission are taking action to close "money laundering channels" – statement
The Governor of the Central Bank of Iraq, Nizar Nasser Hussein, and the Head of the Federal Integrity Commission, Mohammed Ali Al-Lami, agreed today, Thursday (July 2, 2026), to put in place rapid coordination mechanisms to dry up the avenues for smuggling money by activating proactive monitoring and exchanging immediate data.
The meeting, which took place at the bank's headquarters and was attended by both sides on the occasion of the new governor assuming his position, witnessed an in-depth discussion of the files of protecting public funds, where it was decided to form a joint coordination working group to close the legal and procedural gaps, and to pursue illegal proceeds to recover them in accordance with the legal frameworks.
The Governor of the Central Bank of Iraq, Mr. Nizar Nasser Hussein, received at the bank’s headquarters the Head of the Federal Integrity Commission, Dr. Muhammad Ali Al-Lami, who offered his congratulations and blessings to His Excellency on the occasion of his assuming his new position, wishing him success in managing the country’s monetary policy.
The meeting witnessed an in-depth discussion of a number of vital files of common interest, where both sides stressed the importance of institutional integration between the Central Bank and regulatory bodies to protect public funds and enhance the environment of integrity and transparency in all state institutions.
In a strategic move to enhance financial security, the head of the Integrity Commission and the governor of the Central Bank agreed to strengthen joint coordination mechanisms with the aim of drying up avenues for money smuggling and combating the challenges facing the financial system, through activating proactive oversight and exchanging real-time data, which represents a fundamental pillar in pursuing corruption crimes, and tracking smuggled funds and illicit proceeds to recover them in accordance with legal frameworks.
At the conclusion of the meeting, both parties emphasized the need for the swift implementation of the joint agreements and the formation of a coordinating working group to ensure that any legal and procedural loopholes that could be exploited in financial transactions are addressed. link
************
Tishwash: Diversifying the Iraqi economy: A historic opportunity or a project that clashes with old obstacles?
Economic reform is one of the most prominent challenges facing Iraq, given the continued heavy reliance on oil revenues and the direct impact of fluctuations in global energy prices.
Conversely, there are increasing calls to adopt economic policies based on diversifying income sources, encouraging investment, and strengthening the role of the private sector, which would contribute to building a more stable economy capable of facing crises.
With the current government adopting a package of economic plans and reforms, a question arises about its ability to translate this vision into tangible results that reflect on the lives of citizens and the national economy.
Economic expert Abbas Al-Shatri confirmed today, Thursday (July 2, 2026), that the current government adopts an economic vision different from the previous government, based on diversifying income sources and reducing dependence on oil revenues, in addition to stimulating investment and developing the economic infrastructure.
Al-Shatri told Baghdad Today that “Iraq is working genuinely to save the Iraqi economy from the accumulated challenges, based on an economic vision that focuses on structural reforms rather than temporary solutions, which distinguishes its approach from many previous governments.”
He explained that "the success of this vision remains contingent on the continued implementation of reforms, the provision of a supportive legislative and administrative environment, as well as combating corruption and strengthening partnership with the private sector, which will positively impact growth rates and job opportunities."
He added that "Iraq possesses great economic potential that qualifies it to achieve a qualitative leap in the coming years if reform policies continue and development projects are implemented according to clear timetables, and the current stage represents an opportunity to lay the foundations for a more diversified and sustainable economy."
For many years, the Iraqi economy has relied mainly on oil revenues, which represent the largest share of the general budget revenues, making it vulnerable to the fluctuations of global markets.
Over the past years, many government programs have been proposed for economic reform and diversification of income sources, but challenges such as corruption, bureaucracy, a weak investment environment, and delays in project implementation have limited the achievement of broad results. link
Iraq Economic News and Points To Ponder Thursday Evening 7-02-26
The Dollar Records A New Decline Against The Iraqi Dinar In The Local Markets
Last Updated: July 1, 2026 The exchange rates of the US dollar, on Wednesday, a new decline against the Iraqi dinar in the local markets, amid slight changes in the movement of supply and demand within the market.
According to market data, the selling price of the dollar recorded 155,500 dinars per 100 dollars, while the purchase price reached 154,500 dinars per 100 dollars, in an indication of the continued volatility in exchange rates during the recent period.
The Dollar Records A New Decline Against The Iraqi Dinar In The Local Markets
Last Updated: July 1, 2026 The exchange rates of the US dollar, on Wednesday, a new decline against the Iraqi dinar in the local markets, amid slight changes in the movement of supply and demand within the market.
According to market data, the selling price of the dollar recorded 155,500 dinars per 100 dollars, while the purchase price reached 154,500 dinars per 100 dollars, in an indication of the continued volatility in exchange rates during the recent period.
This new decline comes at a time when local markets are following the developments of monetary policy and regulatory measures related to the exchange market, which aim to achieve greater stability in the price of the currency.
Traders in the market are waiting for more indicators in the coming days, to see if this decline will be the beginning of a continuous downtrend or just a temporary correction within the usual fluctuation range.
Exchange rates in Iraq remain subject to multiple factors, including the movement of demand for the dollar, control procedures, and internal and external economic developments. LINK
US Treasury Tracks $300 Billion Out Of Iraq’s Banking System
Last Updated: July 1, 2026 Independent sources revealed to the «independent» information described as dangerous, indicating that the US Treasury informed the government of Ali al-Zaidi of the existence of amounts estimated at $ 300,000,000,000 believed to have left the official banking system.
According to the source, these funds are suspected of being still outside banking channels, specifically by some political figures, away from direct financial supervision.
The source also pointed to the existence of what he described as "accurate sequences of the movement of the dollar allocated to Iraq," where the trajectory of funds is tracked and analysis of transfers and distribution, in an attempt to reveal the whereabouts of large sums believed to be inside the country or outside the official financial system.
According to the source, the ongoing tracking operations reveal a complex financial network linked to dollar flows inside and outside Iraq, opening the door to questions about the size of undeclared funds and their real trajectories. LINK
Public Funds Stolen In Iraq Surpass $2 Trillion Since 2003
Iraq Amr Salem July 2, 2026 Baghdad (IraqiNews.com) – The Iraqi Prime Minister’s legal advisor, Munir Haddad, revealed that more than $2 trillion have been stolen from Iraq since 2003.
According to the Iraqi News Agency, Haddad stated that the number of suspects continues to increase as investigations with the arrested ones are ongoing.
The Iraqi government launched a countrywide anti-corruption campaign on Sunday known as “Operation Dawn.” Prime Minister Ali al-Zaidi ordered the crackdown, which has resulted in the arrests of several lawmakers and senior officials, as well as the recovery of millions of dollars, gold, luxurious cars, and real estate.
Iraqi security forces began the massive campaign following judicial orders, targeting dozens of current and former government officials.
The step, which included lifting parliamentary immunity and overnight raids in Baghdad’s Green Zone, is based on confessions and investigations into the major arrest of Adnan al-Jumaili, a deputy oil minister accused of corruption.
Primary suspects have delivered extensive confessions, prompting security and judicial officials to arrest more individuals, according to Haddad.
The Iraqi official clarified that some of the suspects attempted to leave the country or seek a safe haven in Iraqi Kurdistan, but Kurdish authorities have shown cooperation and handed over eight suspects so far.
The offenses being investigated include both typical embezzlement and money laundering.
According to Haddad, the sums seized by the authorities are incredible. For example, the wife of one of the defendants purchased a home worth $5 million. Furthermore, some of the accused hold over 50 properties registered in their own or family members’ names.
The campaign will cover several Iraqi provinces. “The investigations and arrests are ongoing and will not adhere to a specific timeline,” Haddad said. They are being conducted in complete secrecy to prevent any individuals who are wanted from fleeing.
https://www.iraqinews.com/iraq/public-funds-stolen-in-iraq-surpass-2-trillion-since-2003/
Iraq Seeks To Raise Oil Output Ahead Of Global Energy Transition
Iraq Amr Salem July 2, 2026 Baghdad (IraqiNews.com) – Iraq seeks to boost oil production and optimize its reserves for revenue generation before a global energy transition potentially reduces oil demand.
Iraq is adopting an approach that delaying the development of oil reserves may be less cost-effective than increasing output at the present time, according to Reuters.
Oil constitutes approximately 90 percent of the revenue for the Iraqi government. The recent conflict and the resulting turmoil forced Baghdad to cut its daily output from over 4.2 million barrels to under 1.5 million barrels in May. This situation underscores the urgent need to increase production to recover the lost revenue.
New investments worth billions of dollars from businesses such as British Petroleum (BP), TotalEnergies, and ExxonMobil have raised hopes that Iraq would be able to transform its massive oil reserves into long-term financial benefits. However, this approach raises concerns about a potential significant decline in global oil consumption in the years ahead.
The main concern involves the potential for increased supplies from various producing countries, which could lead to a supply glut and a decline in oil prices. This is particularly relevant as global output is projected to rise by nearly eight million barrels per day by 2027, while the growth in demand is expected to be slower.
The Iraqi strategy is based on the timing factor due to the uncertainties over when global oil demand will decline and whether producers can profit from their reserves prior to that time.
https://www.iraqinews.com/iraq/iraq-seeks-to-raise-oil-output-ahead-of-global-energy-transition/
8 million barrels of Iraqi crude oil still trapped on tankers
Iraq Amr Salem July 2, 2026 Baghdad (IraqiNews.com) – Over eight million barrels of Iraqi crude oil are still trapped aboard ships, but over 100 million barrels of crude oil and petroleum products that had accumulated in the Gulf have begun to slowly flow back to international markets, offering a temporary relief from supply constraints, Shafaq News said on Thursday, citing a report issued by S&P Global Commodity Insights.
Iraq, along with Oman, has been identified as one of the Middle East’s top countries to reactivate oil output, while key refineries in Saudi Arabia, Bahrain, and Kuwait would take months to restore operations, according to the report.
The total amount of crude oil in the Arabian Gulf reached around 90.5 million barrels, with the remainder divided among other petroleum products. More than 90 million barrels of crude oil were aboard vessels ready to be transported.
According to estimates, Iraq has around 8.3 million barrels of oil stuck on tankers, following only Iran with 31.7 million barrels, Saudi Arabia with 18.7 million barrels, and the UAE with 17 million barrels. Kuwait recorded 8.1 million barrels, Qatar had 4 million, and Oman had 2.2 million barrels.
Most Gulf oil exports are bound for East Asian markets. This demonstrates that the resumption of these supplies may have an impact on the global supply-demand balance, affecting oil prices and producing nations’ income.
International banks anticipate that exports will return to pre-war levels in July, but there is still concern that the effects of such quantities will be temporary until actual production in the region improves.
https://www.iraqinews.com/iraq/8-million-barrels-of-iraqi-crude-oil-still-trapped-on-tankers/
Seeds of Wisdom RV and Economics Updates Thursday Evening 7-2-26
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SEC Launches ‘Project Crypto’ to Bring Traditional Finance On-Chain
The U.S. Securities and Exchange Commission has unveiled Project Crypto, a sweeping initiative designed to modernize securities regulations for blockchain-based financial markets. The proposal aims to create clearer rules for tokenized assets, digital securities, and cryptocurrency markets while supporting innovation under a regulated framework.
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SEC Launches ‘Project Crypto’ to Bring Traditional Finance On-Chain
The U.S. Securities and Exchange Commission has unveiled Project Crypto, a sweeping initiative designed to modernize securities regulations for blockchain-based financial markets. The proposal aims to create clearer rules for tokenized assets, digital securities, and cryptocurrency markets while supporting innovation under a regulated framework.
Overview
The SEC has launched Project Crypto to modernize U.S. securities regulations for blockchain-based financial markets.
Most digital assets may no longer be classified as securities, potentially reducing legal uncertainty for much of the crypto industry.
The initiative supports tokenized financial markets while coordinating regulatory oversight with the CFTC.
Key Developments
1. SEC Introduces Project Crypto
SEC Chairman Paul Atkins announced Project Crypto, a comprehensive initiative designed to update securities regulations so traditional financial assets—including stocks, bonds, and other securities—can operate efficiently on blockchain infrastructure. The effort aligns with recommendations from the President's Working Group on Digital Assets and supports the broader adoption of tokenized finance.
2. Most Digital Assets Could Avoid Securities Classification
One of the proposal's most significant changes is the SEC's position that the majority of digital assets should not automatically be treated as securities. If adopted, many blockchain projects could operate under clearer regulatory guidelines rather than facing ongoing uncertainty over securities laws.
3. SEC and CFTC Plan Joint Regulatory Framework
The SEC and the Commodity Futures Trading Commission (CFTC) are expected to establish a Memorandum of Understanding to better define regulatory responsibilities for digital assets that fall outside traditional securities laws. This coordinated approach aims to reduce overlapping oversight and improve regulatory clarity.
4. New Rules Planned for Tokenized Markets
The SEC's Crypto Task Force, led by Commissioner Hester Peirce, will develop proposals covering:
Digital asset custody
Tokenized securities trading
Market structure modernization
Decentralized finance (DeFi) integration
Distribution standards for digital assets
The agency expects updated market structure rules to be introduced during 2026.
Why It Matters
Project Crypto represents one of the strongest indications yet that U.S. regulators are preparing for a financial system where traditional assets and blockchain technology operate together. Clearer regulations could encourage greater institutional participation, accelerate tokenization, and reduce legal uncertainty that has slowed innovation across the digital asset industry.
Why It Matters to Foreign Currency Holders
A more defined regulatory framework for tokenized financial assets could accelerate the development of tokenized currencies, stablecoins, and blockchain-based payment systems. As global financial infrastructure continues to modernize, investors following currency reform and digital asset adoption may view these regulatory developments as an important step toward faster and more efficient financial markets.
Implications for the Global Reset
Pillar 2 – Trade
Clearer rules for blockchain-based financial markets could support faster cross-border payments, tokenized settlements, and more efficient global financial transactions, reducing friction in international commerce.
Pillar 4 – Technology
Project Crypto advances the modernization of U.S. financial infrastructure by creating a regulatory framework that supports tokenization, blockchain networks, and digital asset innovation within regulated markets.
Future Outlook
The SEC plans to continue developing Project Crypto through 2026 alongside the CFTC and industry participants. If implemented successfully, the initiative could position the United States as a leading jurisdiction for regulated digital assets while encouraging broader adoption of tokenized securities and blockchain-based financial services.
This is not just about cryptocurrency—it reflects a broader transformation of financial markets as regulators build the legal framework for tokenized assets, digital infrastructure, and the next generation of global finance.
Seeds of Wisdom Team
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Crypto Briefing – SEC launches ‘Project Crypto’ to bring traditional finance on-chain
U.S. Securities and Exchange Commission – SEC Crypto Task Force
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Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-2-26
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IMF Says Tokenization Could Transform Settlement and Financial Stability
The International Monetary Fund (IMF) says tokenization could fundamentally reshape global financial markets by enabling near-instant settlement, improving efficiency, and modernizing financial infrastructure. While the IMF sees enormous potential, it also warns that common standards and coordinated regulation will be essential to prevent new systemic risks as tokenized finance expands.
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IMF Says Tokenization Could Transform Settlement and Financial Stability
The International Monetary Fund (IMF) says tokenization could fundamentally reshape global financial markets by enabling near-instant settlement, improving efficiency, and modernizing financial infrastructure. While the IMF sees enormous potential, it also warns that common standards and coordinated regulation will be essential to prevent new systemic risks as tokenized finance expands.
Overview
The IMF says tokenization could significantly improve global financial market efficiency by accelerating settlement and modernizing asset ownership.
The organization warns that without global interoperability standards and coordinated regulation, tokenized markets could become fragmented and introduce new financial risks.
Major banks, regulators, and financial institutions are rapidly advancing tokenized finance initiatives, signaling that blockchain infrastructure is moving into the financial mainstream.
Key Developments
1. IMF Endorses Tokenization as a Major Financial Innovation
The IMF stated that tokenization is no longer simply a cryptocurrency concept but a technology capable of transforming traditional finance. By placing assets, settlement, and recordkeeping onto shared distributed ledgers, transactions that currently require several days could potentially settle within minutes or seconds.
2. Faster Settlement Could Improve Global Liquidity
Near-instant settlement may reduce counterparty risk, lower operating costs, free up capital, and improve liquidity across financial markets. The IMF believes these efficiencies could modernize payments, securities settlement, and asset transfers worldwide.
3. Regulators Face Critical Policy Decisions
The IMF stressed that governments and regulators have a limited window to establish global standards. Decisions involving interoperability, governance, settlement assets, smart contracts, and the future role of central banks will determine whether tokenization strengthens or fragments the global financial system.
4. Traditional Financial Institutions Continue Moving Toward Tokenization
Large financial institutions continue expanding tokenization initiatives. The Clearing House, whose owners include major U.S. banks, is preparing a tokenized deposit network, while additional research from PwC and Moody's indicates banks are actively preparing for broader blockchain integration.
5. SEC Continues Developing U.S. Regulatory Framework
The U.S. Securities and Exchange Commission continues refining how existing securities laws apply to tokenized assets. The agency is also evaluating an innovation exemption that could allow firms to test blockchain-based trading platforms while permanent regulatory frameworks are developed.
Why It Matters
The IMF's endorsement represents another major signal that tokenization is becoming part of the future financial system rather than remaining a niche blockchain application. As regulators and major financial institutions increasingly embrace tokenized assets, the technology could significantly improve settlement speed, transparency, liquidity, and operational efficiency across global markets.
Why It Matters to Foreign Currency Holders
Tokenization supports the modernization of financial infrastructure that many analysts believe will eventually improve cross-border payments, settlement efficiency, and digital asset integration. While it does not directly affect currency revaluations, it represents another foundational step toward faster, more transparent international financial systems.
Implications for the Global Reset
Pillar 3 – Assets
The IMF's recognition of tokenization reinforces the transition toward digitally represented financial assets, real-world asset tokenization, and more efficient capital markets supported by blockchain technology.
Pillar 4 – Technology
Tokenization advances the modernization of global financial infrastructure by enabling faster settlement, programmable assets, interoperable ledgers, and next-generation payment systems that could reshape international finance.
Looking Ahead
The next several years will likely determine how quickly tokenized finance moves from pilot programs into everyday financial markets. Success will depend on international cooperation, regulatory clarity, common technical standards, and secure blockchain infrastructure. If these elements come together, tokenization could become one of the most significant upgrades to the global financial system in decades.
This is not just about blockchain—it reflects the accelerating modernization of the global financial system as governments, regulators, and major financial institutions work to build faster, more efficient, and interoperable market infrastructure.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Cointelegraph — IMF says tokenization could transform settlement and financial stability
International Monetary Fund (IMF) — Tokenization Can Change the World's Financial Architecture
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Thank you Dinar Recaps
Iraq Economic News and Points To Ponder Thursday Afternoon 7-02-26
The New York Times: The US Administration Has Resumed The Transfer Of Oil Revenues To Iraq
Economy News _ Baghdad The New York Times revealed that the White House administration has resumed sending Iraqi oil revenues to Baghdad, against the backdrop of Prime Minister Ali al-Zaidi’s campaign against those involved in financial corruption cases. The newspaper quoted the spokesman for the Iraqi government, Haider al-Aboudi, as saying: "The shipments of the dollar to Iraq have resumed, and the problem has been solved."
The financial adviser to the prime minister, Mazhar Mohammed Saleh, also confirmed the resumption of transfers.
The New York Times: The US Administration Has Resumed The Transfer Of Oil Revenues To Iraq
Economy News _ Baghdad The New York Times revealed that the White House administration has resumed sending Iraqi oil revenues to Baghdad, against the backdrop of Prime Minister Ali al-Zaidi’s campaign against those involved in financial corruption cases. The newspaper quoted the spokesman for the Iraqi government, Haider al-Aboudi, as saying: "The shipments of the dollar to Iraq have resumed, and the problem has been solved."
The financial adviser to the prime minister, Mazhar Mohammed Saleh, also confirmed the resumption of transfers.
The U.S. State Department or Treasury did not comment on the matter, according to the New York Times.
The resumption of dollar shipments coincides with the launch of an anti-corruption campaign, which included the arrest of dozens of current and former officials, including members of the House of Representatives, on corruption-related charges.
The administration of U.S. President Donald Trump halted the flow of dollars from oil sales to Iraq’s largely cash-banking economy in April.
Iraqi officials said at the time that Washington had also suspended cooperation and funding for Iraqi security services.
An official from the Kurdistan region at the time pointed out that one of the motives for suspending dollar shipments was to limit the smuggling of the US currency by Iranian-backed militias, at a time when the country was in the process of choosing a new prime minister, amid US efforts to prevent the arrival of candidates seen as close to Tehran.
Washington has also been demanding that the Iraqi government rein in a number of militias linked to Tehran that operate largely outside state control and have occasionally carried out attacks against U.S. targets inside Iraq.
It is noteworthy that new international banking rules were imposed years ago on Baghdad according to greater requirements for transparency on financial transfers in dollars held as foreign reserves of Iraq in an account with the Federal Reserve Bank in New York.
The Central Bank of Iraq has facilitated these financial transfers from its account with the Federal Reserve in New York for the benefit of Iraqi companies and individuals to pay for goods imported from outside the country.
These transfers are vital because few Iraqi companies have international bank accounts.
https://www.economy-news.net/content.php?id=70897
Iraq Wins A Lawsuit In Jordan And Obliges A Company To Pay Financial Compensation
Money and business Economy News – Baghdad The Ministry of Justice announced on Thursday that it has won a lawsuit pending before the Amman Court of Appeal in the Hashemite Kingdom of Jordan, and obtained a final ruling that requires a Jordanian company to pay financial compensation in favor of the General Company for Southern Refineries of the Ministry of Oil.
The ministry said that the ruling came against the backdrop of the defendant’s violation of the implementation of its contractual obligations arising from the contract concluded between the two parties in 2011, after the legal department in the Ministry of Justice followed the proceedings before the Jordanian judiciary until the issuance of the final judicial decision.
This achievement comes within the framework of the Iraqi government's keenness to protect public money and preserve the rights of the Iraqi state outside the country, and embodies the continuous legal efforts exerted by the Ministry of Justice, in coordination with the concerned government agencies, to follow up on foreign lawsuits and restore rights in accordance with legal and judicial frameworks, thus enhancing Iraq's position in protecting its legal interests at the regional and international levels https://www.economy-news.net/content.php?id=70907
A Parliamentary Committee Is Heading To Review All Oil Contracts And Licensing Rounds
Money and business Economy News – Baghdad The Parliamentary Oil and Gas Committee said it has a tendency to re-review all oil contracts and licensing rounds
A member of the Parliamentary Oil and Gas Committee, Jassim Al-Moussawi, said that the committee has a tendency to review all oil contracts and licensing rounds, noting that this file is one of the important and sensitive files that need comprehensive scrutiny to identify the flaws and address the problems that have emerged during the implementation stages.
Al-Moussawi explained that the committee is continuing to follow up this file by reviewing the details of the contracts and the contracting mechanisms adopted in the oil sector, pointing out that some contracts need to be re-evaluated to ensure their harmony with the national interest, maximize the revenues achieved by the state, and reduce any aspects that may lead to the waste of financial resources.
He added that the oil sector, despite its great importance to the Iraqi economy, has faced a number of challenges during the past years as a result of errors that accompanied the implementation of some projects, pointing out that some refineries established with government funding did not achieve the required goals because of the assignment of their implementation to companies that were not at the required level of efficiency, causing the failure of those projects and the opening of investigation files linked to them.
He stressed that the review process will not be limited to licensing rounds only, but will include various projects related to the production, refining and oil investment sectors, in order to diagnose weaknesses and develop practical solutions that ensure improved performance and maximum utilization of oil resources.
Moussawi pointed out that the reform of the oil sector is a key priority in view of its pivotal role in supporting the national economy and financing the general budget, stressing that addressing the gaps in contracts and projects can contribute to reducing financial waste, raising the level of administration, and increasing the economic returns achieved by the state
https://www.economy-news.net/content.php?id=70911
Samsung And SK Pump $252 Billion To Expand Artificial Intelligence Chip Industry
Money and business Economy News - Follow-up The Ministry of Industry announced on Thursday that Samsung Electronics, SK Hynx and others have been investing 392 trillion won ($252.5 billion) in the Chongcheong region, including in facilities for manufacturing and packaging high-bandwidth memory, as part of the government’s efforts to expand growth based on artificial intelligence.
It comes as a follow-up plan for the tripartite mega-projects unveiled by the government earlier this week, which aims to develop technologies across the country and turn South Korea into an industrial powerhouse in the emerging age of artificial intelligence, South Korea’s Yonhap news agency reported.
The Ministry of Commerce, Industry and Resources said Samsung Group has pledged to invest a total of 140 trillion won in the Chongcheung region to build the Samsung Electronics facility for the manufacture and packaging of high-bandwidth memory, as well as a line for the production of the light-emitting organic diode and a next-generation screen by Samsung Display.
Samsung Electricity and Mechanics will build facilities for high-performance packaging substrates for artificial intelligence servers, and Samsung SDI will build an advanced battery manufacturing plant https://www.economy-news.net/content.php?id=70915
Al-Zaidi Discusses With A Jordanian Delegation The Implementation Of The Oil Pipeline Project (Basra-Aqaba)
Money and business Economy News – Baghdad Prime Minister Ali Faleh al-Zaidi on Thursday discussed with a Jordanian ministerial delegation the implementation of the oil pipeline project (Basra-Aqaba).
The media office said in a statement received by "Economy News" that "Zaidi received, on Thursday, a ministerial delegation from the Hashemite Kingdom of Jordan, headed by the Minister of Industry, Trade and Supply, Falah Al-Qadhaf, and included ministers; energy and mineral wealth, transport, and investment, in the presence of the Minister of Industry and Minerals, the head of the Arab Department in the Ministry of Foreign Affairs, and the Jordanian ambassador to Iraq."
He added that "the meeting witnessed the discussion of a number of files and topics of common interest, foremost of which is the implementation of the oil pipeline project (Basra - Aqaba), and facilitate the procedures for granting entry visas to businessmen in both countries, in addition to enhancing cooperation in the fields of industry, energy, transport, investment and other sectors of common interest."
Al-Zaidi stressed that "the two countries have historical and distinguished relations, and the Hashemite Kingdom of Jordan represents an important strategic depth for Iraq," pointing to "the government's aspiration to raise bilateral relations to wider levels during the next phase, by increasing the volume of trade exchange, and expanding investment opportunities and economic cooperation in various sectors."
For their part, the members of the Jordanian delegation conveyed to Al-Zaidi the greetings and congratulations of King Abdullah II of Jordan and Jordanian Prime Minister Jafar Hassan on the occasion of the formation of the government, and handed him an official invitation to visit the Kingdom.
The judges expressed the Kingdom's full support for Iraq, praising Iraq's progress in the areas of combating corruption, economic reforms, and improving the investment environment, thus contributing to strengthening the partnership between the two brotherly countries https://www.economy-news.net/content.php?id=70923