Saturday Iraq News Posted by Tishwash at TNT 8-1-2026

TNT:

Tishwash:  Al-Sarraj: Current circumstances necessitate creating a conducive environment and expediting the formation of the cabinet.

Political analyst Ibrahim al-Sarraj believes that current circumstances necessitate creating a conducive environment and expediting the formation of the cabinet, particularly the security ministries.

Speaking to Mawazin News, al-Sarraj stated, "The lack of political momentum toward finalizing the cabinet is not related to the anti-corruption campaign targeting several officials and members of parliament, as disagreements among political parties regarding the cabinet predate the campaign."

He added, "The disagreements among political blocs manifested in objections to certain nominees," noting that "these objections were not based on objective grounds but rather aimed at marginalizing certain blocs due to existing disputes."

He further explained that "Prime Minister Ali Mohsen al-Ahmad has an opportunity to create a conducive atmosphere by working to bridge the differences between the various political blocs, especially given the current regional situation, which demands the completion of the cabinet, particularly the security ministries."  link

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Tishwash:  Liquidity shortages threaten Iraqi private banks and push towards mergers to settle obligations.

A banking source revealed a shortage of liquidity in a number of private banks in Iraq, attributing this to the limited deposits and the decline in citizens’ confidence in private banks, which has weakened their ability to meet some local and international obligations and the requirements of the Central Bank of Iraq.

The source said that this situation may push towards the merger of a number of banks, noting that mergers also come within the requirements of reforming the banking sector and trends related to international standards.

He added that banks are required to have financial assets and insurance with the Central Bank of Iraq, explaining that a bank that suffers from weak assets or is unable to meet its obligations towards citizens may be subject to closure, provided that the rights of depositors are dealt with in accordance with the approved principles and controls.

The source explained that merging struggling or liquidity-deficient banks does not necessarily mean the loss of citizens’ money, as financial obligations and rights remain in place, but the recovery of funds may not be as quick and easy as depositors expect.

He pointed out that addressing the liquidity shortage problem requires restructuring the banking sector and strengthening confidence in local banks, in addition to increasing their ability to comply with regulatory and financial requirements, which contributes to reducing the risks of default and protecting depositors' funds.  link

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Tishwash:  “No money” is a clear message that the crisis needs management, not excuses.

August 1, 2026

 The Iraqi government acknowledged on Friday that the country is going through a real financial crisis that has led to a change in the mechanism for disbursing employee salaries and delaying them until the Ministry of Finance has sufficient liquidity, amid the continued repercussions of the disruption to revenue exports through the Strait of Hormuz.

Government spokesman Haider al-Aboudi stated in a press conference that Iraq faces enormous monthly expenses, emphasizing that spending cannot continue using the same mechanisms as before. This admission came shortly after a striking statement by Health Minister Abdul-Hussein al-Moussawi, who succinctly summarized the crisis by saying, “There’s no money,” referring to the severe funding shortage plaguing the health sector.

These developments put al-Zaydi’s government to a critical test; economic experts believe that the crisis, despite its roots extending back to the era of former Prime Minister Muhammad al-Sudani, who successfully managed it cautiously, now requires decisive alternatives and an immediate halt to costly promises.

Observers criticized the continuation of additional government pledges, such as the proposal to distribute one million serviced residential plots and amend the retirement of security forces, in parallel with the inflation of special grade privileges, uncontrolled expenditures in ministries, and the salary of the Rafha detainees.

Social media platforms witnessed a widespread wave of anger, as one activist wrote on the “X” platform: “Delaying salaries means starving millions of families, while the privileges and operational budgets of officials have not been touched by any rationalization.”

On Facebook, another citizen commented: “The real crisis is not just in Hormuz, but in continuing to make fanciful promises and neglecting to manage liquidity scientifically.”

Experts emphasize that a safe financial transition requires immediately controlling side spending and rationalizing government consumption, in order to avoid exacerbating the liquidity crisis and securing the basic entitlements of citizens.  link

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Tishwash:  Iraq enters a state of "financial hardship"... and a warning of a more severe crisis.

 Researcher and economic consultant Ziad Al-Hashemi warned on Friday (July 31, 2026) that Iraq has officially entered a state of "financial hardship," noting that the government is going through its worst period while citizens are waiting to receive their financial entitlements.

Al-Hashemi said in a statement received by "Baghdad Today" that: "The government's recent admission of the shortage of liquidity in its treasury is no longer surprising, after long months of stubbornness, denial and obstinacy, and after the continuous deterioration in revenues forced it to admit the bitter truth to the people."

He added that "what is truly surprising is that there were those who were reassured that everything was going well, and that there was nothing to worry about, as long as Iraq had dollar reserves that allowed it to pay salaries normally."

He stressed that “it is Iraq’s misfortune that its oil revenues are considered depleted revenues even before they reach the government treasury,” explaining that “the corrupt are waiting for their share, the party’s economic offices are waiting for their share, the armed groups are waiting for their share, the creditors are waiting for their share, and the ghost employees are waiting for their share, so that the real Iraqi employee comes last on the list.”

Al-Yassiri pointed out that "the problem under such a lax and undisciplined financial model does not lie in the decline in oil prices or the decline in exports alone, but rather in governments that have spent recklessly for years as if revenues would remain high forever."

Al-Hashemi stressed that "Iraq does not suffer from a lack of resources, but rather from their mismanagement," calling on the government to "reduce waste, control the payroll, stop fictitious employment, suppress corruption and recover looted funds, dismantle economic offices, and develop non-oil revenues."

He explained that "any further rise in oil prices will only be a temporary respite before another, more severe financial crisis, unless these measures are taken."

He concluded by saying: "The truth that must be stated clearly is that a state that is unable to protect its revenues and regulate its spending will not be saved by reserves forever, and the employee and the citizen will not be able to continue paying the price for corruption and mismanagement indefinitely."  link

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Tishwash:  “I will leave if I remain shackled”... Al-Zaydi’s resignation shakes the coordination framework, and the weapons issue ignites the confrontation.

 In a remarkable political development, sources within the coordination framework, as reported by Al-Araby TV and followed by Al-Mustaqilla, revealed an escalating, undeclared crisis between Iraqi Prime Minister Ali Faleh al-Zaidi and the political forces supporting his government, reaching the point of hinting at the option of resignation.

According to the sources, Al-Zaydi expressed his dissatisfaction with the lack of response to his vision on a number of crucial issues, stressing that the continued obstruction of his government’s decisions may push him to take a decisive political stance.

These developments put the Al-Zaidi government in front of one of its most difficult crises since its formation, as the dispute is no longer about administrative details or differences in viewpoints, but rather about the nature of the security and sovereign decision and who has the final say in state matters.

The weapons issue: the flashpoint between al-Zaydi and the factions

According to the information circulating, the issue of restricting weapons to the state has become one of the most prominent causes of tension, after some factions did not respond to the Prime Minister’s directives regarding reorganizing the status of weapons and armed forces under the official state framework.

Observers believe that this issue represents the biggest test for al-Zaydi, as any attempt to redefine the relationship between the state and the factions will clash with complex political and security balances that have formed over the past years.

The unity government faces a moment of truth

The current escalation points to a deeper crisis within the Iraqi political equation, where the Prime Minister finds himself facing a difficult dilemma: either to proceed with implementing his program and strengthening the powers of the state, or to confront the pressures of the forces that contributed to his coming to power.

The al-Zaidi crisis raises a major question about the ability of Iraqi governments to make independent decisions on sovereign matters, especially when those decisions conflict with the interests of influential forces within the political and security landscape.

A political resignation or a warning message?

Politicians believe that al-Zaydi's threat to resign may be a pressure tactic to rearrange the rules of the relationship with his partners, but at the same time it reveals the extent of the tension within the coalition that leads the government.

If the crisis turns into an open confrontation, Iraq may be facing a new phase of political conflict, the title of which is: Who has the final say… the government or the forces behind it?

The coming days will be crucial in determining whether al-Zaidi's threat is merely a bargaining chip, or the beginning of a political crisis that could redraw the map of power in Baghdad  link

Iraq Economic News and Points To Ponder Late Friday Evening 7-31-26

How Long Can Iraq Rely On The Central Bank's Reserves, Money-Printing Scheme To Survive?

Mahmood Baban  30-07-2026 For four months, despite an 83 percent decrease in its revenue, Iraq has still been able to cover its monthly expenses; above all, seven trillion Iraqi dinars (about $5.3 billion) for wage earners, including the Kurdistan Region.

It is true that the delayed return of oil revenue through the national marketer's mechanism, the State Organization for Marketing of Oil (SOMO), resolved some of the imbalance between revenue and spending during the ongoing war, but what has sustained the Iraqi government financially is the Central Bank of Iraq (CBI) by introducing 43 trillion dinars (about $32.6 billion). 

This was done by injecting newly printed money and reducing the reserves it had accumulated over two decades. 

According to data from the federal oil ministry and SOMO, the combined oil revenues of Iraq and the Kurdistan Region over the past two months still do not reach one-third of a single pre-war month's revenue.
Data shared by SOMO show that in May and June 2026 (61 days), total revenue stood at $2.33 billion, whereas in just the 28 days of February, it was $6.8 billion. This is despite the fact that 17 to 24 percent of the revenue reported by SOMO goes to foreign companies operating in Iraq.

In other words, over the past two months, Iraq had approximately 2.5 trillion dinars (about $1.9 billion) in oil revenue, but its monthly expenditure was seven times that amount.
Since the beginning of the Iran war in late February, the question that constantly arose was whether the Iraqi government would be unable to cover its expenses, particularly salary expenses, due to the decrease in oil exports and revenue, but now the government is distributing salaries for July 2026. How did this happen, and where did the money originate from?
While many questions linger, four stand out: How can Iraq sustain expenses where 90 percent goes toward operational costs and salaries without sufficient revenue? 

Why has the dinar appreciated against the US dollar despite increased liquidity injection? Can Iraq live off its foreign reserves, and for how long? To what extent can it continue printing dinar currency (from 50,000 to 250 dinar notes) for the market?

Expenditure Amid Appreciation
In the first half of this year, Iraq's monthly expenditure roughly mirrored that of last year. Finance ministry data puts total expenditure for the first five months at 46.69 trillion dinars (about $35.35 billion), projected to reach approximately 55.56 trillion dinars (about $42.07 billion) over six months - on par with the 56.7 trillion dinars (about $42.92 billion) spent in the first half of last year.

In contrast, total revenue for the first six months of last year stood at 62 trillion dinars (about $46.94 billion) - 57 trillion oil (about $43.15 billion), five trillion non-oil (about $3.79 billion) - whereas in the first half of this year, it barely reached approximately 35.56 trillion dinars (about $26.92 billion) - roughly half of last year's figure.
Iraq sustained these expenses by utilizing reserves, issuing new currency into circulation, cutting operational and investment spending, and attempting to recover billions of dinars and millions of dollars hidden in barrels, cans, walls, and pits - as seen in Operation Dawn and the case of Adnan Al-Jumaili, former deputy oil minister for refining affairs, who was awarded “Best Manager of the Year" by the former Iraqi prime minister and oil minister just last year. 

The answer to the second question - why the dinar has appreciated against the US dollar despite increased liquidity injection - is simple: the Iraqi dinar does not maintain a standard direct relationship with the US dollar, nor does Iraq's currency market react rapidly to bank interest rates and market shifts like Turkey or Iran. Instead, the CBI directly sets and maintains the exchange rate.
By standard economic metrics, injecting excess dinars without backing from production and GDP growth should weaken the currency. However, as observed recently, the dinar's value against the dollar appreciated rather than depreciated.

Statistics show that at the end of last year, total currency printed by the CBI was 99.79 trillion dinars (about$76.14 billion) - 92.56 trillion held in banks, 7.24 trillion outside. By May end, total printed currency reached 113.56 trillion dinars (about $86.66 billion) - 6.75 trillion in banks, 106.8 trillion in circulation outside. Over the first five months of this year, the CBI injected an extra 2.75 trillion dinars (about $2.1 billion) per month. Consequently, the exchange rate dropped from above 157,000 dinars to 149,500 dinars per $100.
Moreover, CBI figures through July 2 show that the US had not sent any cash dollars to Iraq this year, causing foreign cash reserves at the Bank to drop to $84 million before rebounding to over $500 million. By July 16, cash reserves stood at $319 million - meaning the US sent only a single shipment of $500 million in physical cash to Iraq up to mid-July 2026.

Ultimately, what moves the dollar-dinar market is big merchants and capitalists holding massive reserves of both currencies accumulated over the past two decades, rather than basic supply-and-demand laws or CBI monetary policy alone. 

Monetary Expansion Risks
Iraq's foreign currency reserves have experienced major ups and downs over the past two decades, continuously rising and accumulating until late 2022. At the beginning of 2014, it reached 90 trillion dinars (about $68.49 billion), later dropping to 50 trillion (about $38.05 billion) due to the war on the Islamic State (ISIS), rising to 80 trillion (about $60.88 billion) before COVID, and dropping to 64 trillion (about $48.70 billion) during the COVID era.
At the beginning of 2023, it reached 150 trillion dinars (about $114.14 billion), and now (July 16, 2026) it has dropped to 102.5 trillion dinars (about $78 billion). 
Over the past six months or so, since late January through July 16, reserves have dropped by 29.4 trillion dinars (about $22.37 billion) -falling from 131.89 trillion (about $100.36 billion) to 102.5 trillion. If Iraq receives very low income, it can rely on its reserves for at most six more months. Reserves cannot be drawn down to zero; dropping below half of their current level signals national insolvency.

Furthermore, 29 trillion dinars (about $22.07 billion) of these reserves consist of gold - whose value keeps fluctuating with world market prices (losing 6.4 trillion dinars, or about $4.87 billion, in value this year) - while the rest is tied up in financial bonds, which have decreased by 20 trillion dinars (about $15.22 billion) since the start of the year as funds were drawn down.

The CBI’s financial system requires money printing to be backed by labor, production and services - areas where Iraq faces severe structural deficits. Over the past six months, the CBI expanded the currency supply by approximately 13.7 trillion dinars (about $10.43 billion).
The only dangerous consequence of printing money without domestic product (GDP) growth is rising inflation; on April 1 of last year the rate was 0.4 percent and on April 1 of this year it reached 4.7 percent, while last month it reached 3 percent.

If currency printing continues without output-backed revenue, inflation will enter double digits. Commodity price controls will collapse, pushing poverty, unemployment, and financial hardship higher while further undermining real GDP growth.
Iraq's revenues and expenditures in the first half of this year were severely unbalanced. However, the CBI bailed out the government and prevented a liquidity crisis by injecting 43 trillion dinars (about $32.56 billion) into circulation - raising printed currency from 99.79 trillion (about $75.56 billion) to 113.56 trillion dinars (about $85.98 billion) while depleting reserves from 131.89 trillion (about $99.86 billion) to 102.5 trillion dinars (about $77.61 billion).

The budget deficit was covered by printing money and eroding reserves - not through structural reform, revenue diversification, operational cost cuts, productive sector activation, or recovering the trillions lost to corruption. Iraq can likely limp along to the end of this year, however, what it will do next year remains to be seen. 

https://rudaw.net/english/categories/analysis/1078603

Seeds of Wisdom RV and Economics Updates Saturday Morning 8-1-26

Good Morning Dinar Recaps,

Infrastructure, Nuclear Program, and Shipping Lanes Become New Flashpoints

Military planning, nuclear developments, and threats to global energy routes are increasing pressure on financial markets as the Middle East conflict moves beyond battlefield operations into areas that could reshape international trade and energy security.

 Overview

• Reports indicate the United States and Israel are preparing potential strikes on Iran's energy infrastructure, signaling another possible escalation in the conflict.

• Iran has reportedly transferred advanced nuclear centrifuges to a deeper underground facility, further complicating diplomatic efforts surrounding its nuclear program.

• Tehran continues to warn that additional military pressure could lead to disruptions in the Strait of Hormuz, one of the world's most important energy shipping corridors.

Key Developments

1. Energy Infrastructure Becomes a Strategic Target

According to multiple reports, U.S. and Israeli planners are preparing possible operations against Iran's critical energy infrastructure, including facilities tied to oil and natural gas production. Such actions would represent another significant escalation because they directly threaten Iran's economic lifeline while increasing risks to global energy supplies.

2. Iran Strengthens Protection of Its Nuclear Program

Iran has reportedly moved advanced centrifuges to the underground Mountain Pick facility, reducing international visibility into portions of its nuclear program after previous strikes on nuclear-related sites. Analysts believe this move could make future negotiations considerably more difficult while increasing uncertainty surrounding any long-term diplomatic agreement.

3. Strait of Hormuz Remains a Major Global Risk

Iran's leadership warned that continued military pressure could lead to actions affecting strategic waterways, particularly the Strait of Hormuz. Because roughly one-fifth of globally traded oil moves through this corridor, even the threat of disruption continues to influence energy markets, shipping costs, and inflation expectations.

4. Maritime Pressure Continues

The U.S. Navy has continued enforcing maritime operations around Iranian shipping routes, redirecting commercial vessels while allowing humanitarian traffic. Although no full closure has occurred, the continued military presence demonstrates that tensions remain elevated despite ongoing diplomatic discussions.

 Why It Matters

The conflict is increasingly shifting beyond military exchanges toward energy production, nuclear capabilities, and international shipping routes. These three areas directly influence global inflation, commodity prices, transportation costs, and investor confidence.

Any disruption involving the Strait of Hormuz or major energy facilities could quickly ripple through global markets, affecting everything from fuel prices to manufacturing costs and international trade.

Why It Matters to Foreign Currency Holders

Foreign currency holders continue watching these developments because sustained geopolitical instability often influences capital flows, reserve currencies, commodity prices, and central bank policy. While military conflict alone does not trigger currency revaluations, prolonged pressure on global trade and energy markets can accelerate broader changes within the international monetary system.

Implications for the Global Reset

• Pillar 2: Trade

The continued risk to the Strait of Hormuz highlights the vulnerability of global shipping networks and reinforces efforts by many nations to diversify trade routes, payment systems, and supply chains.

• Pillar 5: Energy

Energy remains one of the primary drivers of global inflation and economic stability. Any disruption to oil production or shipping could influence monetary policy, commodity markets, and long-term investment decisions worldwide.

This is not simply another Middle East military update—it reflects how energy security, global trade routes, and strategic infrastructure have become central components of the broader restructuring taking place within the international financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CryptoBriefing — US-Israel Plan Strikes on Iran's Energy Infrastructure: CBS World

• Al Jazeera — Iran War Live Updates

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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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Thank you Dinar Recaps

Will Iraqi Citizens become Rich After the IQD Revalues?

Will Iraqi Citizens become Rich After the IQD Revalues?

The Dinar Den:  7-31-2026

For years, the global financial community and currency enthusiasts have closely monitored the developments surrounding the Iraqi dinar. Discussions regarding a potential revaluation (RV) of the currency frequently spark intense debate and speculation.

 In a recent video from the popular YouTube channel The Dinar Den, Stephen—an experienced entrepreneur and long-time investor in the Iraqi dinar—provides a grounded, analytical perspective on this complex topic. He addresses one of the most common misconceptions in the space: the belief that a currency revaluation would instantly transform every citizen within Iraq into an overnight millionaire.

To understand the true dynamics of a potential revaluation, Stephen highlights a crucial distinction between the experiences of foreign currency holders and domestic citizens living in Iraq.

 For foreign investors, a positive shift in the exchange rate represents a direct arbitrage or conversion opportunity. If the dinar strengthens against foreign currencies like the U.S. dollar, those holding physical dinars outside of Iraq could potentially realize significant returns upon exchange.

However, this external investment dynamic does not translate into a sudden, magical multiplication of personal wealth for the local population living and working within Iraq’s borders.

The core of this distinction lies in the difference between nominal wealth and real wealth. Stephen explains that while a currency’s face value or exchange rate may shift, domestic economies operate on a system of balanced variables.

If a currency undergoes a revaluation, local economic factors—such as wages, consumer prices, utility costs, and outstanding contracts—gradually adjust to reflect the new monetary landscape. These inflationary and structural market adjustments prevent local citizens from experiencing a sudden, disproportionate spike in their nominal bank balances, ensuring the domestic economy remains balanced rather than chaotic.

Instead of creating instant millionaires, the real benefit of an Iraqi dinar revaluation for the people of Iraq lies in the stabilization of the country’s macroeconomic environment.

 A stronger domestic currency fundamentally enhances local purchasing power, particularly regarding imported goods. Because Iraq relies heavily on foreign imports for various commodities and everyday products, a higher-valued dinar means these goods become significantly cheaper to acquire.

This shift helps curb domestic inflation, lowers the overall cost of living, and provides a more predictable, stable environment for local businesses and everyday consumers.

Ultimately, Stephen emphasizes that sustainable, long-term wealth—both for individuals and nations—is shaped by tangible economic foundations rather than currency valuation alone. True economic prosperity is driven by productivity, industrial output, infrastructure development, asset ownership, and manageable living costs.

A currency’s exchange rate is merely a reflection of these underlying realities, not a magic wand for wealth creation.

https://www.youtube.com/watch?v=CMt3_vn4W6Y

Something BIG Just TERRIFIED The Fed | Bill Holter & David Morgan

Something BIG Just TERRIFIED The Fed | Bill Holter & David Morgan

Capital Cosm:  7-30-2026

CHAPTERS:

00:00 – Introduction and Guest Welcome

01:20 – Fed Interest Rate Decision and Market Reaction

02:17 – Bill Holter on the Looming Credit Market "Crackup"

05:43 – Global Market Contagion: South Korea's KOSPI Crash

09:29 – Analysis of the Fed's Economic Stance and Inflation Goals

10:33 – Market Index Volatility: NASDAQ vs. Dow Jones

12:01 – Precious Metals: Gold and Silver as Safe Havens

13:09 – The "Rotation" into Gold: Central Banks and Institutions

15:34 – The Math of Debt: GDP vs. Debt Creation

17:30 – Oil Prices and Their Impact on Gold and Mining

20:11 – Sponsor Break: Capitalist Exploits Insider

21:28 – The Inevitable Loss of Fiat Purchasing Power

22:49 – Inflation Predictions and Real Asset Value

24:14 – Correction: Clarifying the KOSPI Market Drop

25:49 – Sentiment Analysis: The Case for Gold in Today's Market

27:30 – Strategic Allocations: Cash, Metals, and Miners

31:10 – Inflation vs. Deflation: Preparing for Both

33:07 – The US Dollar Index (DXY) and Global Liquidity

35:30 – Analyzing M2 Money Supply and Debt Servicing

37:41 – Final Thoughts: Accountability and Systemic Trust

40:10 – Closing Remarks and Outro

https://www.youtube.com/watch?v=855MvNV-R_U

Seeds of Wisdom RV and Economics Updates Friday Afternoon 7-31-26

Good Afternoon Dinar Recaps,

Federal Reserve Divided as Inflation Concerns Keep Rate Hikes on the Table

Persistent inflation, rising Treasury yields, and growing divisions within the Federal Reserve are increasing uncertainty over the direction of U.S. monetary policy. While interest rates were left unchanged, several Fed officials are openly calling for tighter policy, signaling that future rate hikes remain a real possibility with significant implications for global markets.

 Overview

• Federal Reserve officials remain divided over whether inflation has been sufficiently contained, despite leaving interest rates unchanged at the latest meeting.

• Treasury yields have climbed as investors increasingly price in the possibility of another rate hike later this year.

• Higher borrowing costs could ripple through mortgages, consumer loans, business investment, global capital flows, and debt markets.

Key Developments

1. Fed Holds Rates but Internal Division Becomes More Visible

The Federal Reserve maintained its benchmark interest rate at 3.50%–3.75%, but the decision revealed an unusually public disagreement among policymakers. Several officials argued that inflation remains too persistent and that additional tightening may still be necessary to restore price stability.

Rather than signaling a clear path forward, the meeting left investors with greater uncertainty regarding the timing of future policy decisions.

2. Multiple Officials Continue Pressing for a Rate Hike

Three Federal Open Market Committee members reportedly favored an immediate 25-basis-point increase, arguing that inflation remains above the Fed's long-term 2% target.

Although the majority preferred to wait for additional economic data, the growing number of dissenting voices suggests that the debate inside the Federal Reserve is shifting toward maintaining a restrictive policy stance longer than many markets previously expected.

3. Treasury Yields Rise as Markets Reprice Interest Rate Expectations

Following the Fed meeting and comments from several policymakers, U.S. Treasury yields moved higher, particularly on shorter-term securities that are more sensitive to monetary policy.

Higher Treasury yields generally translate into increased borrowing costs throughout the economy, affecting:

• Mortgage rates

• Auto loans

• Credit card interest

• Business financing

• Government borrowing costs

The movement also tends to strengthen the U.S. dollar while placing pressure on interest-sensitive assets such as gold, cryptocurrencies, and portions of the stock market.

4. Investors Now Focus on Upcoming Inflation and Employment Data

Markets are now closely watching future inflation reports, employment data, consumer spending, and energy prices to determine whether additional rate hikes become necessary.

While current expectations still lean toward rates remaining unchanged at the next meeting, analysts acknowledge that persistent inflation or stronger-than-expected economic growth could quickly shift expectations toward renewed tightening later this year.

 Why It Matters

Monetary policy remains one of the most powerful forces shaping the global financial system. Every interest rate decision influences borrowing costs, investment flows, government debt servicing, currency values, and international capital markets.

For households, prolonged higher rates can make buying homes, financing vehicles, carrying credit card balances, and obtaining business loans significantly more expensive. For investors, uncertainty over future Fed policy often creates heightened volatility across financial markets.

Why It Matters to Foreign Currency Holders

Those following potential currency revaluations continue to watch Federal Reserve policy closely because U.S. interest rates influence global liquidity, dollar demand, sovereign debt costs, and international capital flows. While interest rate decisions alone do not trigger currency revaluations, they remain an important component of the broader global monetary landscape.

Implications for the Global Reset

• Pillar 1: Debt

Higher interest rates increase borrowing costs for governments, businesses, and consumers while making it more expensive to refinance existing debt. Rising debt-service costs continue to pressure highly leveraged economies worldwide.

• Pillar 3: Assets

Interest rate expectations directly influence capital flows into the U.S. dollar, Treasury securities, gold, equities, and digital assets. Continued policy uncertainty may contribute to greater volatility across global financial markets.

Closing Thought

This is not simply about one Federal Reserve meeting—it reflects the broader rebalancing of the global financial system as central banks navigate inflation, debt burdens, and the future cost of money in an increasingly uncertain world.

Sources

• CryptoBriefing — "Fed Chair Warsh Faces Criticism for Inaction on Inflation Rates"

• CryptoBriefing — "Fed Dissenters Push for Rate Hike Amid Inflation Concerns: MarketWatch"

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Friday Morning 7-31-26

Liquidity Shortages Threaten Iraqi Private Banks And Push Towards Mergers To Settle Obligations.

2026-07-30  Shafaq News - Baghdad ,,A banking source revealed on Thursday that there is a shortage of liquidity in a number of private banks in Iraq, attributing this to the limited deposits and the decline in citizens’ confidence in private banks, which has weakened their ability to meet some local and international obligations and the requirements of the Central Bank of Iraq.

The source told Shafaq News Agency that this situation may push towards the merger of a number of banks, noting that mergers also come within the requirements of reforming the banking sector and trends related to international standards.

He added that banks are required to have financial assets and insurance with the Central Bank of Iraq, explaining that a bank that suffers from weak assets or is unable to meet its obligations towards citizens may be subject to closure, provided that the rights of depositors are dealt with in accordance with the approved principles and controls.

The source explained that merging struggling or liquidity-deficient banks does not necessarily mean the loss of citizens’ money, as financial obligations and rights remain in place, but the recovery of funds may not be as quick and easy as depositors expect.

He pointed out that addressing the liquidity shortage problem requires restructuring the banking sector and strengthening confidence in local banks, in addition to increasing their ability to comply with regulatory and financial requirements, which contributes to reducing the risks of default and protecting depositors' funds. https://www.shafaq.com/ar/اقتصـاد/نقص-السيولة-يهدد-مصارف-هلية-عراقية-ويدفع-نحو-الاندماج-بهدف-تسوية-الالتزامات

Trump Announces $22bn Plan To Modernize Capital Airport

Money and business    Economy News — Follow-up  US President Donald Trump has unveiled a huge project to develop Dulas Airport in Washington, D.C., that includes the construction of new lounges and the replacement of passenger carriers with a modern rail system.

Trump announced a comprehensive renovation of Dulas International Airport, and said at an event in the Oval Office that they plan to add more than 5 million square feet of new or renovated space and will replace the two existing C and D lounges while preserving the iconic main building.

He added that he chose the designs after an extensive review of more than thirty proposals from the world’s leading architects.

The refurbished airport will include a multi-storey parking lot for 32,000 cars, which Trump has described as the world’s largest parking lot.

Transport Minister Sean Duffy said passenger carriers would be replaced by a faster and more efficient border rail system. Duffy said the $22 billion cost of the project would not need federal funding, $22.5 billion in bonds would be issued and United Airlines would be part of the payment, while participating airlines would pay the price.

Passengers reacted mixed, with some telling NBC News they were not facing major problems except for passenger carriers. Another, who uses the airport three or four times a year, said: “They stuff travelers like sardines and smell diesel all the way.”

The airport was officially inaugurated by President John F. Kennedy in 1962 and named after the late Secretary of State John Foster Dulles, one of three in the Washington area. The Department has previously expressed interest in renaming it.

Multiple sources told NBC News in February that the Trump administration had asked Senate Minority Leader Chuck Schumer to name the airport and Pennsylvania station in New York as Trump in exchange for the release of federal funds needed to build a tunnel between New York and New Jersey. In the end, the funds were released without such an agreement

https://www.economy-news.net/content.php?id=71983

Global Gold Is Heading To End A 4-Month Decline

Money and business   Economy News — Follow-up  Gold is heading on Friday for its first monthly gain in 5 months, as investors assess the impact of Iran’s war and analyze signals from the Federal Reserve (the U.S. central bank) for signs of inflation and the trajectory of interest rates.

In spot transactions, gold fell 0.2% to $4,096.29 an ounce by 01:07 GMT, but is heading for a weekly rise of 1.1%. U.S. gold futures for August delivery rose 0.1 percent to $4,094.10.

The precious metal is heading for a gain of more than 2.2 percent this month

https://www.economy-news.net/content.php?id=72006

Newspaper: Japan Carried Out A Large-Scale Intervention To Support The Yen In Coordination With The United States

Money and business    Economy News - Follow-up   The Nikkei newspaper quoted market sources as saying that Japan had conducted a large-scale intervention to buy the yen and sell the dollar on New York markets on Thursday.

The newspaper added that the US authorities also conducted the so-called "exchange rate inspections", a preliminary step to intervene in the currency market, in a sign that Tokyo and Washington are working together to prevent the depreciation of the yen.

Japan’s central bank has kept its monetary policies unchanged, in a sign of a waning concerns about economic growth and increased confidence over the country’s return to normalcy after last month’s benchmark rate hike to its highest level since 1995.

The bank announced in a statement on Friday that it would keep the interest rate at 1%, in agreement with the expectations of all experts polled by Bloomberg News.

The decision to stabilize the interest rate was issued by eight votes to one vote, after Hajimi Takata, a member of the Monetary Policy Council of the bank, voted in favor of continuing to raise interest rates   https://www.economy-news.net/content.php?id=72010

Seeds of Wisdom RV and Economics Updates Friday Morning 7-31-26

Good Morning Dinar Recaps,

Global Regulators Accelerate Digital Asset Rules as Financial System Modernization Gains Momentum

Governments and financial regulators are moving simultaneously toward clearer digital asset rules and modern payment infrastructure, signaling continued progress toward the next generation of the global financial system.

 Overview

• Digital asset regulation advanced as U.S. lawmakers continued pushing the CLARITY Act toward Senate consideration while regulators emphasized the need for legal certainty.

• Global financial institutions continue to stress that innovation must be balanced with financial stability, trust in money, and effective oversight.

• The convergence of regulation, stablecoins, tokenization, and modern payment systems is becoming an increasingly important theme in the evolution of global finance.

Key Developments

1. Momentum Builds Behind the CLARITY Act

Support continues to grow for the CLARITY Act, which would establish a comprehensive regulatory framework for digital assets in the United States. Treasury Secretary Scott Bessent urged the Senate to move forward with the legislation, arguing that regulatory certainty is essential for innovation, investment, and maintaining U.S. leadership in digital finance.

2. SEC Signals It Is Prepared to Act

SEC Chair Paul Atkins indicated that the Commission is prepared to issue additional crypto regulations if Congress does not complete the CLARITY Act. While emphasizing that legislation remains the preferred path, the comments suggest regulators are prepared to provide greater market clarity regardless of congressional timing.

3. Stablecoins Continue to Reshape Financial Infrastructure

The Bank for International Settlements (BIS) continues to emphasize that stablecoins demonstrate important technological advances for payments but also present structural risks that require sound regulation. The BIS argues that preserving trust in money remains the foundation of any future monetary system.

4. International Coordination Remains a Priority

Financial authorities worldwide continue studying how tokenization, programmable payments, and digital settlement systems can improve cross-border commerce while protecting monetary stability. Rather than replacing existing financial systems overnight, policymakers are increasingly focused on integrating new technologies into the existing banking framework.

 Why It Matters

Digital asset regulation is moving beyond discussion and toward implementation. Clear legal frameworks could encourage broader institutional participation while helping governments modernize payment infrastructure without sacrificing financial stability.

Why It Matters to Foreign Currency Holders

Foreign currency holders continue watching these developments because modern payment systems, tokenized assets, and regulated digital currencies could eventually influence cross-border settlement, liquidity, and international capital flows. Regulatory clarity is becoming an important building block for whatever future international monetary architecture develops.

Implications for the Global Reset

• Pillar 2: Trade

Clearer digital asset regulations and improved payment infrastructure have the potential to make cross-border transactions faster, more efficient, and less costly, supporting global commerce.

• Pillar 4: Technology

Tokenization, distributed ledger technology, stablecoins, and programmable payments continue moving from experimental projects toward regulated financial infrastructure, signaling continued modernization of the global financial system.

As governments establish clearer rules for digital assets while central banks and international institutions modernize payment infrastructure, the global financial system is steadily evolving toward a more digital, interconnected, and regulated future.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinGape — "Scott Bessent Urges Senate to Vote on CLARITY Act Now, Pushes Back on BRCA Criticism"

• CryptoBriefing — "SEC Ready to Issue Crypto Rules if Congress Doesn't Pass CLARITY Act, Chair Atkins Says"

~~~~~~~~~~

 🌱 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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Friday Iraq News Posted by Tishwash at TNT 7-31-2026

‍TNT:

Tishwash: A former deputy confirms there are understandings regarding the timing of finalizing the cabinet and the American withdrawal.

Former MP Hussein Ali confirmed the existence of political understandings regarding the timelines for finalizing the cabinet and the American withdrawal from Iraq, noting optimism for achieving positive results in the coming days.

Ali told Al-Maalouma, "Iraq has set important timelines related to finalizing the cabinet, in addition to the American withdrawal from Iraqi territory. In return, Washington has set conditions for Baghdad to withdraw its forces from Iraqi soil."

He added, "America has set conditions, most notably those related to the disarmament of factions and the relationship with Iran. Trump has issued many tweets regarding these issues, but the wisdom of the leaders of the coordination framework will lead to positive results."

He explained that "the coming days cannot be predicted in detail, but there is optimism regarding the understandings and political activity aimed at achieving positive results, especially given the efforts to finalize the cabinet formation by next September and pass it in its entirety."  link

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Tishwash: Monetary stability map: Al-Zaydi's advisor reveals the truth about removing zeros and the reasons for the scarcity of small denominations

The financial advisor to the Prime Minister put an end to the growing debate in Iraq, asserting that talk of removing zeros from the currency or the existence of a cash crisis is merely baseless rumor. While attributing the scarcity of small denominations to their rapid deterioration due to frequent circulation, he emphasized that the problem lies not in printing new currency, but rather in the way liquidity is managed and circulated within banks.

Zero Removal Project

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Al-Alam Al-Jadeed on Wednesday (July 29, 2026) that “Iraq does not currently have any official indications or decisions regarding removing zeros from the Iraqi currency,” explaining that “this measure is part of a comprehensive monetary reform, and it cannot proceed except after creating a stable economic and financial environment and fulfilling the necessary technical and institutional requirements.”

He adds that “removing zeros, if implemented in the future, is a regulatory measure aimed at simplifying monetary transactions and accounting systems, and does not in itself result in an increase in the real value of the dinar or an improvement in the purchasing power of the citizen, because purchasing power remains linked to economic performance, production and financial stability.”

small denominations

Saleh explains the scarcity of small denominations of currency by their paper nature and high rate of circulation, which leads to their being damaged within a short period of time. He clarifies that this phenomenon is not related to a shortage in issuance, but rather to the characteristics of their daily use.

He points out that Iraq, unlike many countries that rely on coins for small denominations, still uses paper denominations, noting that the lifespan of these denominations does not exceed about one year according to international standards, due to the intensity of their use and their continuous transfer between hands, at a time when reliance on paper money remains high while electronic payment methods continue to grow.

The issue of small denominations of currency has resurfaced after increasing questions about the reasons for their scarcity in Iraqi markets, amid ongoing debate about cash liquidity management and mechanisms to meet daily trading needs.

Printing a new currency

Saleh believes that “it cannot be said that Iraq is suffering from a shortage of money supply in the sense that necessitates printing new currency, as the Central Bank has the ability to provide cash in accordance with the needs of the economy, and the size of the currency issuance is linked to specific technical and economic factors.”

He continues, “The most prominent challenge is managing and distributing liquidity efficiently within the banking sector, in addition to encouraging banking and electronic transactions to reduce hoarding outside the banking system and improve the efficiency of cash circulation.”

Saleh emphasizes that “issuing a new edition of currency is not just a technical decision, but rather an integrated process that requires a careful study of monetary needs, costs, and the characteristics of the new currency, as well as coordination between the Central Bank and relevant government agencies.”

The Prime Minister’s financial advisor points out that “no official announcement has yet been issued regarding the adoption of a new currency issue, which means that any steps in this direction remain subject to the monetary authority’s assessments and market needs, and are not related to the existence of a currency crisis. What is being raised in this regard is based on statements issued by non-specialized sources.”

Official assurances

Amid growing talk of liquidity pressures and delays in releasing some salaries, governmental and parliamentary assurances emerged that the current crisis is temporary and does not represent a structural flaw in the economy, coinciding with moves to address financial obligations, complete the preparation of the draft general budget, and initiate legislative reforms related to public finance management.

The parliamentary finance committee affirmed that the government possesses the necessary tools and capabilities to overcome the current stage, noting that the financial pressures came as a result of regional economic repercussions and a decline in oil exports, but they do not amount to a structural crisis, and that the government measures aim to contain the immediate challenges while continuing to implement the economic reform path, and ensuring the continuation of government obligations, foremost among them the salaries of employees and social entitlements.

Regarding the issue of salaries, the Finance Committee reassured employees about their entitlements, explaining that any delay in releasing salaries is due to an emergency and temporary shortage of financial liquidity, and that the concerned authorities are working to address it within a short period.

Jamal Kojar, a member of the parliamentary finance committee, said in a press statement followed by “Al-Alam Al-Jadeed” that the government places the issue of salaries among its priorities, expecting the disbursement procedures to be completed before the end of the week, and pointing out the readiness of the Ministry of Finance to work during Friday and Saturday to complete the necessary administrative orders and expedite the arrival of entitlements and prevent any further delays.

2026 Budget Project

In parallel, the Finance Committee revealed that the government intends to send the draft general budget law to the House of Representatives during the month of October, with the parliament to begin discussing it as soon as it arrives, with the aim of approving it before the end of the year. This step aims to provide a more flexible financial framework to deal with fluctuations in oil prices, given the continued heavy reliance of the Iraqi economy on oil revenues to finance public spending and government projects.

Between temporary liquidity pressures, preparations for budget approval, and the move towards new legislative reforms, the next stage appears to be a test of the ability of financial institutions to turn promises into practical measures, since the success of resource management will not be measured only by the speed of salary disbursement, but also by the extent to which the state is able to build a more stable financial system that is less affected by fluctuations in oil revenues.link

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Tishwash:  How long can Iraq rely on the Central Bank's reserves, money-printing scheme to survive?

For four months, despite an 83 percent decrease in its revenue, Iraq has still been able to cover its monthly expenses; above all, seven trillion Iraqi dinars (about $5.3 billion) for wage earners, including the Kurdistan Region.

It is true that the delayed return of oil revenue through the national marketer's mechanism, the State Organization for Marketing of Oil (SOMO), resolved some of the imbalance between revenue and spending during the ongoing war, but what has sustained the Iraqi government financially is the Central Bank of Iraq (CBI) by introducing 43 trillion dinars (about $32.6 billion). This was done by injecting newly printed money and reducing the reserves it had accumulated over two decades. 

According to data from the federal oil ministry and SOMO, the combined oil revenues of Iraq and the Kurdistan Region over the past two months still do not reach one-third of a single pre-war month's revenue.

Data shared by SOMO show that in May and June 2026 (61 days), total revenue stood at $2.33 billion, whereas in just the 28 days of February, it was $6.8 billion. This is despite the fact that 17 to 24 percent of the revenue reported by SOMO goes to foreign companies operating in Iraq. In other words, over the past two months, Iraq had approximately 2.5 trillion dinars (about $1.9 billion) in oil revenue, but its monthly expenditure was seven times that amount.

Since the beginning of the Iran war in late February, the question that constantly arose was whether the Iraqi government would be unable to cover its expenses, particularly salary expenses, due to the decrease in oil exports and revenue, but now the government is distributing salaries for July 2026. How did this happen, and where did the money originate from?

While many questions linger, four stand out: How can Iraq sustain expenses where 90 percent goes toward operational costs and salaries without sufficient revenue? Why has the dinar appreciated against the US dollar despite increased liquidity injection? Can Iraq live off its foreign reserves, and for how long? To what extent can it continue printing dinar currency (from 50,000 to 250 dinar notes) for the market?

Expenditure amid appreciation

In the first half of this year, Iraq's monthly expenditure roughly mirrored that of last year. Finance ministry data puts total expenditure for the first five months at 46.69 trillion dinars (about $35.35 billion), projected to reach approximately 55.56 trillion dinars (about $42.07 billion) over six months - on par with the 56.7 trillion dinars (about $42.92 billion) spent in the first half of last year.

In contrast, total revenue for the first six months of last year stood at 62 trillion dinars (about $46.94 billion) - 57 trillion oil (about $43.15 billion), five trillion non-oil (about $3.79 billion) - whereas in the first half of this year, it barely reached approximately 35.56 trillion dinars (about $26.92 billion) - roughly half of last year's figure.

Iraq sustained these expenses by utilizing reserves, issuing new currency into circulation, cutting operational and investment spending, and attempting to recover billions of dinars and millions of dollars hidden in barrels, cans, walls, and pits - as seen in Operation Dawn and the case of Adnan Al-Jumaili, former deputy oil minister for refining affairs, who was awarded “Best Manager of the Year" by the former Iraqi prime minister and oil minister just last year. 

The answer to the second question - why the dinar has appreciated against the US dollar despite increased liquidity injection - is simple: the Iraqi dinar does not maintain a standard direct relationship with the US dollar, nor does Iraq's currency market react rapidly to bank interest rates and market shifts like Turkey or Iran. Instead, the CBI directly sets and maintains the exchange rate.

By standard economic metrics, injecting excess dinars without backing from production and GDP growth should weaken the currency. However, as observed recently, the dinar's value against the dollar appreciated rather than depreciated.

Statistics show that at the end of last year, total currency printed by the CBI was 99.79 trillion dinars (about$76.14 billion) - 92.56 trillion held in banks, 7.24 trillion outside. By May end, total printed currency reached 113.56 trillion dinars (about $86.66 billion) - 6.75 trillion in banks, 106.8 trillion in circulation outside. Over the first five months of this year, the CBI injected an extra 2.75 trillion dinars (about $2.1 billion) per month. Consequently, the exchange rate dropped from above 157,000 dinars to 149,500 dinars per $100.

Moreover, CBI figures through July 2 show that the US had not sent any cash dollars to Iraq this year, causing foreign cash reserves at the Bank to drop to $84 million before rebounding to over $500 million. By July 16, cash reserves stood at $319 million - meaning the US sent only a single shipment of $500 million in physical cash to Iraq up to mid-July 2026.

Ultimately, what moves the dollar-dinar market is big merchants and capitalists holding massive reserves of both currencies accumulated over the past two decades, rather than basic supply-and-demand laws or CBI monetary policy alone. 

Monetary expansion risks

Iraq's foreign currency reserves have experienced major ups and downs over the past two decades, continuously rising and accumulating until late 2022. At the beginning of 2014, it reached 90 trillion dinars (about $68.49 billion), later dropping to 50 trillion (about $38.05 billion) due to the war on the Islamic State (ISIS), rising to 80 trillion (about $60.88 billion) before COVID, and dropping to 64 trillion (about $48.70 billion) during the COVID era.

At the beginning of 2023, it reached 150 trillion dinars (about $114.14 billion), and now (July 16, 2026) it has dropped to 102.5 trillion dinars (about $78 billion). 

Over the past six months or so, since late January through July 16, reserves have dropped by 29.4 trillion dinars (about $22.37 billion) - falling from 131.89 trillion (about $100.36 billion) to 102.5 trillion. If Iraq receives very low income, it can rely on its reserves for at most six more months. Reserves cannot be drawn down to zero; dropping below half of their current level signals national insolvency.

Furthermore, 29 trillion dinars (about $22.07 billion) of these reserves consist of gold - whose value keeps fluctuating with world market prices (losing 6.4 trillion dinars, or about $4.87 billion, in value this year) - while the rest is tied up in financial bonds, which have decreased by 20 trillion dinars (about $15.22 billion) since the start of the year as funds were drawn down.

The CBI’s financial system requires money printing to be backed by labor, production and services - areas where Iraq faces severe structural deficits. Over the past six months, the CBI expanded the currency supply by approximately 13.7 trillion dinars (about $10.43 billion).

The only dangerous consequence of printing money without domestic product (GDP) growth is rising inflation; on April 1 of last year the rate was 0.4 percent and on April 1 of this year it reached 4.7 percent, while last month it reached 3 percent.

If currency printing continues without output-backed revenue, inflation will enter double digits. Commodity price controls will collapse, pushing poverty, unemployment, and financial hardship higher while further undermining real GDP growth.

Iraq's revenues and expenditures in the first half of this year were severely unbalanced. However, the CBI bailed out the government and prevented a liquidity crisis by injecting 43 trillion dinars (about $32.56 billion) into circulation - raising printed currency from 99.79 trillion (about $75.56 billion) to 113.56 trillion dinars (about $85.98 billion) while depleting reserves from 131.89 trillion (about $99.86 billion) to 102.5 trillion dinars (about $77.61 billion).

The budget deficit was covered by printing money and eroding reserves - not through structural reform, revenue diversification, operational cost cuts, productive sector activation, or recovering the trillions lost to corruption. Iraq can likely limp along to the end of this year, however, what it will do next year remains to be seen. link

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Tishwash:  Al-Zaydi tells Iraqis: Salaries will be delayed... the country is going through a real financial crisis.

Iraqi government spokesman Haider al-Aboudi acknowledged on Thursday (July 30, 2026) that the country is experiencing a real financial crisis, stressing that the recent statements made by Health Minister Abdul-Hussein al-Moussawi regarding the financial situation are accurate and realistic.

Al-Aboudi explained that Iraq's monthly requirements are very large, noting that the mechanism for disbursing salaries will not be as before, as distribution is delayed until the Ministry of Finance has sufficient liquidity, especially with the continued repercussions of the closure of the Strait of Hormuz on revenue exports.

Al-Aboudi confirmed during an interview with journalist Mona Sami, which was followed by 964 Network , that “the crisis we are going through and the issue mentioned by the Minister of Health is true,” indicating that “Iraq’s monthly requirements are large and salaries are not as they were in the past.”

He explained that “there will be a delay in salaries until the funds are completed and distributed in the manner overseen by the Ministry of Finance. Are we in a crisis? Yes, we are in a crisis.”

Health Minister Abdul Hussein Al-Moussawi had previously revealed a severe financial crisis plaguing the health sector, stressing that “there is no money” and that the government’s main concern from the beginning to the end of the month is to secure salaries amounting to about 11 trillion dinars, at a time when the total of Iraq’s oil exports during 4 months did not exceed 2 trillion dinars.

Al-Moussawi explained that the hospitals' infrastructure is "in poor condition," and that the "Kimadia" company stopped supplying the medicines contracted with Iraq due to accumulated financial dues.

In light of this reality, the minister stressed his refusal to surrender by sitting idly by, emphasizing that he is personally concerned with putting pressure on the government, the Ministry of Finance, and health personnel to find solutions out of thin air.

At the same time, he pointed out the disparity in the performance of the administrations, as some of them succeeded in running the hospitals with an amount of 45 million dinars due to the clean hands of their administrations, in contrast to other hospitals that have more than two billion, yet everything in them seems miserable.

Adnan al-Danbous, a leader in the Reconstruction and Development Coalition, held what he called “accidental leaders” who ruled Iraq after 2003 responsible for the country’s current financial hardship and difficulty in securing salaries as a result of the closure of the Strait of Hormuz. Al-Danbous believes that these “accidental leaders” did not consider diversifying Iraq’s non-oil revenues and relied on oil as the primary source of income.

In his interview with journalist Sajjad al-Jubouri, which was followed by 964 Network , al-Danbous also expressed his strong resentment towards “neighboring Iran” for not allowing Iraqi oil to pass through the Strait of Hormuz and for contributing to “economically strangling Iraq,” noting that Iraq has suffered for centuries due to its geographical location.  link

Seeds of Wisdom RV and Economics Updates Thursday Evening 7-30-26

Good Evening Dinar Recaps,

U.S.–Iran Conflict Widens as Maritime Security, Sanctions, and Diplomacy Shape Global Markets

Despite renewed diplomatic contacts, military operations, expanded sanctions, and threats to key global shipping lanes continue to keep energy markets and the broader financial system on edge.

 Overview

• Military activity intensified across the Middle East as attacks, counterstrikes, and expanded maritime operations increased pressure on regional security.

• Diplomatic channels remain open, with reports of ongoing mediation efforts even as both sides continue exchanging military actions.

• Global energy markets remain highly sensitive as developments surrounding the Strait of Hormuz and Bab el-Mandeb continue to influence oil prices, shipping costs, and investor sentiment.

Key Developments

1. Military Operations Expand Across the Region

Regional tensions escalated after reports of Houthi-linked attacks originating from Iraqi territory prompted joint U.S.–Saudi airstrikes against sites allegedly connected to the attacks. At the same time, U.S. Central Command reported expanded maritime security operations involving commercial vessels near the Bab el-Mandeb Strait, underscoring growing concerns over shipping security throughout the region.

2. Strait of Hormuz Remains the World's Most Critical Flashpoint

Attention continues to focus on the Strait of Hormuz, through which roughly one-fifth of the world's seaborne oil normally passes. Reports indicated that discussions involving a possible agreement could eventually ease sanctions and reduce naval tensions, while separate reports suggested Iran continues efforts to maintain leverage over maritime traffic through the strategic waterway. The competing developments illustrate how fragile the situation remains.

3. Diplomacy Continues Despite Active Conflict

Even as military operations continue, mediators reported that U.S.–Iran discussions remain active. Pakistan stated that indirect negotiations continue, offering a potential pathway toward de-escalation even while military exchanges persist. This dual-track approach—combining diplomacy with military pressure—has become a defining feature of the current conflict.

4. Treasury Expands Financial Pressure on Iran

The financial dimension of the conflict also intensified. Treasury Secretary Scott Bessent announced additional sanctions targeting individuals and entities in Iran, China, India, and Russia accused of supporting the IRGC and Iran's Mahan Air network. The move demonstrates that economic pressure remains a central component of U.S. strategy alongside military operations.

 Why It Matters

The conflict is no longer defined solely by military exchanges. It now encompasses energy security, maritime trade, international sanctions, and global financial stability. Every development affecting the Strait of Hormuz or Bab el-Mandeb has immediate implications for oil markets, shipping costs, inflation expectations, and investor confidence.

Why It Matters to Foreign Currency Holders

Foreign currency holders continue watching developments closely because persistent geopolitical instability often accelerates changes in reserve management, international trade flows, and monetary policy decisions. Rising geopolitical risk can influence commodity prices, sovereign debt markets, and central bank strategies that ultimately affect global currency valuations.

Implications for the Global Reset

• Pillar 2: Trade

Continued uncertainty surrounding the Strait of Hormuz and Bab el-Mandeb highlights how vulnerable global trade remains to disruptions in critical maritime chokepoints. Sustained instability encourages nations and businesses to diversify supply chains and payment routes.

• Pillar 3: Assets

Heightened geopolitical tensions typically increase demand for gold, energy assets, and other traditional safe havens, while creating additional volatility across equities, bonds, and digital assets.

• Pillar 5: Energy

Control of major energy shipping corridors continues to influence global oil supplies, inflation expectations, and economic growth, reinforcing energy security as a key driver of international financial stability.

As military operations, sanctions, and diplomacy unfold simultaneously, the conflict is becoming more than a regional security issue—it is increasingly shaping global trade routes, energy markets, financial sanctions, and the evolution of the international monetary system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CryptoBriefing — "Potential US-Iran Agreement May Ease Strait of Hormuz Tensions: Al Jazeera"

• CryptoBriefing — "Houthis Attack Saudi Arabia from Iraq, Prompting US-Saudi Airstrikes"

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Iraq Economic News and Points To Ponder Thursday Afternoon 7-30-26

Iraqi Banks Accelerate US Compliance Measures

2026-07-30 Shafaq News- Baghdad   Iraqi private banks have begun implementing urgent compliance measures tied to lifting restrictions on several lenders, banking sources told Shafaq News on Thursday.

The Central Bank of Iraq (CBI) instructions require stronger anti-money laundering and counter-terrorist financing controls, tighter governance, closer monitoring of dollar movements, and measures to prevent smuggling and illicit transfers, the sources explained, adding that banks were given deadlines to complete the procedures, with failure potentially limiting access to international banking services.  

Employees at several private lenders separately told Shafaq News that management had intensified work, with some staff working about 12 hours daily and reporting severe exhaustion and fainting cases.

On July 18, Prime Minister Ali Al-Zaidi’s Media Office said CBI Governor Nizar Nasser Hussein held high-level meetings with US Treasury officials that produced an understanding to return restricted Iraqi banks to foreign correspondent channels in currencies other than the US dollar.

Read more: Iraq’s PM al-Zaidi offers Tehran and Washington a corridor, not a battlefield

Hussein said seven banks are currently eligible to resume non-dollar correspondent banking and may later qualify for dollar transactions after completing further compliance and governance requirements.

https://www.shafaq.com/en/Economy/Iraqi-banks-accelerate-US-compliance-measures

Parliamentary Finance Committee Warns Of The Risks Of Borrowing On The Iraqi Economy

Today Information/Baghdad...  Member of the Parliamentary Finance Committee, Basim al-Gharabi, warned on Saturday of a potential economic crisis facing Iraq in the coming period, calling on the government to take urgent measures to address financial challenges and seek genuine alternatives to boost public revenues.

Al-Gharabi told the Information Agency that "continued reliance on oil revenues makes the Iraqi economy vulnerable to fluctuations and crises, which necessitates accelerating the diversification of national income sources and maximizing non-oil revenues."

He added that "resorting to internal and external borrowing to address the economic crisis carries significant risks and may increase the financial burdens on the state in the coming years, requiring the adoption of sustainable economic solutions instead of resorting to debt."

He emphasized that "the current stage requires genuine economic reforms, support for productive sectors, encouragement of investment, and revitalization of industry and agriculture, which will contribute to reducing dependence on oil as the primary source of budget revenues."

Al-Gharabi called on the government to "develop long-term economic plans that ensure the diversification of income sources, enhance the Iraqi economy's ability to confront financial crises, and achieve economic stability, independent of fluctuations in global oil markets." End/25

https://almaalomah.me/news/139765/economy/المالية-النيابية-تحذر-من-مخاطر-الاقتراض-على-اقتصاد-العراق

The Ministry Of Finance Breaks Its Silence And Explains The Reasons For The Delay In Disbursing Salaries To Employees And Retirees.

  Baghdad Today - Baghdad:  MP Haider Mohammed Kazem Al-Mutairi revealed today, Thursday (July 30, 2026), details of a meeting he had with Finance Minister Faleh Al-Sari, which addressed a number of financial and administrative issues, most notably the crisis of delayed salary payments for employees, the entitlements of holders of higher degrees and top graduates, in addition to files on appointments, taxes, and electronic automation.

Al-Mutairi said in a statement received by “Baghdad Today” that he “went to the Ministry of Finance after finishing his work at the Administrative Court, wishing Finance Minister Falih Al-Sari success in performing his duties to serve the country,” indicating that “the meeting included a discussion of a number of important files.”

He explained that "the Minister of Finance confirmed the existence of a real deficit in funds," noting that "the total monthly salaries for employees, retirees and social welfare beneficiaries amount to 7 trillion and 800 billion dinars."

He added, “The ministry paid 3 trillion dinars to some ministries a few days ago, while 1.5 trillion dinars are currently available at the Ministry of Finance, with work continuing to raise the amount to 1.65 trillion dinars for the purpose of paying the salaries of retirees, before seeking to provide the necessary funds to pay the salaries of the rest of the ministries and institutions,” noting that “the current deficit is estimated at about 3.3 trillion dinars.”

Al-Mutairi noted that "the meeting addressed the situation of the holders of higher degrees and the top students in the Ministry of Education who have not received their salaries for ten months," stressing that "the Minister of Finance directed the competent authority to resolve this issue."

He noted that he "discussed extensively with the minister a number of proposals related to absorbing graduates and providing job opportunities for them, especially graduates of the medical group, holders of higher degrees, top graduates and the rest of the graduates, through investing state resources in public clinics, universities and government hospitals, as well as holding private universities, colleges and hospitals accountable for completing their educational, health and functional staff with official contracts that guarantee the rights of the workers in them."

He explained that "the meeting also addressed the issue of the entitlements of scholarship students and their suspended salaries while they are outside the country, in addition to the need for the Ministry of Finance to audit the unpaid advances mentioned in the report of the Financial Control Bureau."

Al-Mutairi stressed that he “also raised the importance of collecting taxes owed by foreign companies, and working to recover the amounts included and referred to in the State Audit Bureau’s report, as well as discussing the issue of selling scrap iron and the need to cancel Cabinet Resolution No. 174 of 2025.”

He concluded by noting that "the meeting also addressed the electronic automation project," stressing "the importance of moving forward with it to prevent job duplication and preserve the rights of employees."  https://baghdadtoday.news/304139-.html

Al-Rafidain Bank Directs Continued Operation On Friday And Saturday To Complete Salary Payments.  

Baghdad Today - Baghdad    Rafidain Bank directed on Wednesday (July 30, 2026) that official working hours continue in a number of its branches and departments responsible for settling salaries during the coming Friday and Saturday, in order to complete the procedures for raising and disbursing employee salaries within the scheduled times.

The bank stated in a statement received by "Baghdad Today" that "this directive comes within the framework of ensuring the smooth disbursement of salaries and harnessing human and technical capabilities to ensure speed of completion and enhance the readiness of branches to accommodate the volume of work."

He added that "banking staff will continue to work during the official holiday to complete all procedures related to raising and disbursing salaries according to the highest standards of efficiency, speed and accuracy, in order to reduce the pressure on branches and provide the best level of service to citizens."

The bank affirmed its commitment to strengthening its role in supporting the stability of the financial system and providing reliable banking services that contribute to facilitating the lives of employees.  https://baghdadtoday.news/304144-.html

Multi-Million Dollar Fraud Probe Nets Dozens In Al-Diwaniyah

026-07-30 / Shafaq News- Baghdad   Iraq’s Federal Commission of Integrity (CoI) on Thursday launched a major anti-corruption operation in Al-Diwaniyah, issuing nearly 30 arrest and search warrants for officials, employees, and contractors accused of embezzlement, bribery, and misuse of public funds.  

The suspects include the current director of Al-Diwaniyah Municipality, five former directors, accounting and auditing officials, and other employees.

The investigation uncovered alleged financial violations tied to public contracts and procurement, including claims that some suppliers submitted inflated invoices and documentation for projects authorities described as “fictitious.”  

Authorities also seized payment records worth more than 9 billion Iraqi dinars ($6.9M), along with official stamps belonging to auditing staff. Luxury vehicles and cash were confiscated.  

The Commission filed the case under Articles 315, 319, and 340 of Iraq’s Penal Code, as well as amended Resolution 160 of 1983, before referring it to specialized integrity judges.  

Last week, personnel from Al-Suqoor (Falcons) Intelligence Cell, accompanied by a team from the Federal Commission of Integrity, detained three Al-Diwaniyah Municipality officials as part of an expanding investigation into an alleged forgery network accused of fraudulently obtaining land, loans, and public funds.  

Read more: Iraqi authorities detain 31 in weekly corruption cases   

https://www.shafaq.com/en/Security/Multi-million-dollar-fraud-probe-nets-dozens-in-Iraq-s-Al-Diwaniyah

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 7-30-26

Good Afternoon Dinar Recaps,

Global Digital Asset Rules Advance as Senate Nears Critical CLARITY Act Vote

Momentum is building behind U.S. digital asset legislation as lawmakers race to complete the CLARITY Act before the August recess, while regulators signal they are prepared to move forward even if Congress fails to act.

Overview

• The Senate is facing increased pressure to bring the CLARITY Act to a vote before lawmakers leave for the August recess.

• Treasury Secretary Scott Bessent has urged Congress to pass the legislation, arguing that regulatory clarity is essential for maintaining U.S. leadership in digital finance.

• SEC Chairman Paul Atkins stated the Commission is prepared to issue additional crypto regulations if Congress is unable to enact the legislation.

Key Developments

1. Senate Push Intensifies Before August Recess

Congressional leaders continue working toward a Senate vote on the CLARITY Act, which would establish a comprehensive regulatory framework for digital assets by clearly defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Supporters argue that the legislation would reduce regulatory uncertainty, improve investor confidence, and encourage innovation while maintaining consumer protections. With only a limited legislative window remaining, lawmakers are attempting to finalize negotiations before the Senate adjourns.

2. Treasury Secretary Bessent Calls for Immediate Action

Treasury Secretary Scott Bessent publicly urged senators to move the legislation forward, emphasizing that clear rules are necessary for the United States to remain competitive in the rapidly evolving global digital asset market.

Bessent also pushed back against criticism surrounding portions of the bill, arguing that concerns over certain provisions should not delay broader regulatory reform. His comments reinforce growing support within parts of the administration for establishing a modern legal framework governing digital assets.

3. SEC Signals It Will Act Regardless

SEC Chairman Paul Atkins stated that the Commission is prepared to move forward with additional regulatory guidance even if Congress does not pass the CLARITY Act.

His remarks indicate that regulators are no longer waiting indefinitely for legislation and are prepared to use existing authority where possible. However, Atkins also acknowledged that congressional action would provide significantly greater legal certainty than piecemeal regulatory decisions.

4. Regulatory Clarity Could Accelerate Institutional Adoption

Financial institutions, investment firms, and blockchain developers have consistently argued that regulatory uncertainty remains one of the largest barriers to broader institutional participation.

A unified federal framework could encourage greater investment in tokenized assets, blockchain infrastructure, and regulated digital financial products while reducing legal uncertainty for businesses operating within the United States.

Why It Matters

The CLARITY Act represents more than cryptocurrency legislation—it is part of a broader modernization of the U.S. financial system. Clear rules governing digital assets could strengthen confidence in emerging financial technologies while helping position the United States as a leader in the next generation of global finance.

Why It Matters to Foreign Currency Holders

Many observers following international monetary developments view digital asset regulation as one component of the evolving global financial architecture. While the CLARITY Act does not affect foreign currency values or trigger any currency revaluation, it supports the development of regulated digital financial infrastructure that may increasingly interact with traditional banking and international payment systems.

Implications for the Global Reset

• Pillar 2: Trade

Modern digital asset regulations could improve cross-border financial transactions by providing greater legal certainty for blockchain-based payments and international settlement.

• Pillar 4: Technology

The CLARITY Act supports the continued development of tokenization, digital ledgers, and blockchain infrastructure that are becoming foundational technologies for the future financial system.

Closing Thought

This is not simply about regulating cryptocurrency—it reflects the broader transformation of the global financial system as governments work to modernize financial markets, establish trusted digital infrastructure, and prepare for the next generation of cross-border commerce and payments.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• CoinGape — "Scott Bessent Urges Senate to Vote on CLARITY Act Now, Pushes Back on BRCA Criticism"
  ‍ ‍

• Crypto Briefing — "SEC Ready to Issue Crypto Rules if Congress Doesn't Pass CLARITY Act, Chair Atkins Says"

~~~~~~~~~~

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5 Pieces of Financial Advice to Avoid at All Costs

5 Pieces of Financial Advice to Avoid at All Costs

Suze Orman on the commonly accepted money tips it pays to ignore.

By Suze Orman

Bad financial information doesn't come only from scammers; even our loved ones can unwittingly steer us wrong. That's why knowing what not to do with your money is often your biggest asset. In general, there are two little words that should set off everybody's suspicion meter: Trust me. Anyone who gives you this line—whether a financial adviser or your significant other—is disrespecting you.

 You should never entrust a money decision entirely to someone else. I know, I know: Sometimes you'd rather pass the buck. But remember, we're talking about your security, your future, your peace of mind.

It's one thing to hire an investment adviser to help you choose funds for your IRA, or to cheerlead a spouse as he or she sets up a 529 plan to help pay your child's college tuition. It's quite another to tune out completely.

Find an hour or so a month to peruse a personal finance Web site or a magazine like Money or Kiplinger's, which will keep you up-to-date on the basics. The blog at Mint.com is also a great resource, with posts on everything from choosing a mortgage to spotting medical bill errors. By educating yourself in these simple ways, you'll sidestep all sorts of traps. Here's some common advice you should disregard—and more profitable leads to follow instead.

Don't Buy It: "Your child's college degree is a great investment."

A blanket statement like this is missing a crucial qualifier: An affordable college degree is a great investment. The unemployment rate for Americans 25 years of age and older is a lot lower for college graduates than for those with only a high school diploma (3.9 versus 8.1 percent).

But that doesn't mean you should tell your kids to set their sights on any school—regardless of whether it will leave you with a crushing amount of debt. All too often, parents fail to strategize when it comes to paying for education and end up getting off the track to retiring comfortably.

Ironically, this does kids a major disservice: If you lack sufficient retirement savings down the line, your children are the ones who'll bear the burden of supporting you.

A Better Idea: Think in terms of long-run affordability. (This goes for you and your child, since I firmly believe kids must borrow for school before parents dip into their savings or take out a loan.) Mark Kantrowitz, publisher of FinAid.org, says students should limit their total borrowing to an amount no greater than what they can reasonably expect to earn in their first year of full-time work; borrow more, and the odds of running into payback problems and default soar.

Check out typical starting salaries at Salary.com; even if your child doesn't have a specific career in mind yet, it's a great exercise for families to do together, to start getting grounded in postcollege reality.

When it comes to financing options, remember that federal Perkins and Stafford loans offer the best deals; private loans are risky and can end up being far too expensive. The maximum Stafford loan amount a dependent student can borrow for all undergrad years is $31,000.

Parents who want to chip in should first figure out if they can afford to do so by using the T. Rowe Price Retirement Income Calculator and then look into federal PLUS loans.

Finally, your child should apply to at least one public institution; if money is extremely tight, there's also the option of attending two years of community college (whose credits are usually transferable) and finishing at a four-year school.

Don't Buy It: "Renting is a waste of money."

Buying a home can of course be a wise investment, especially considering today's record-low mortgage rates. But that doesn't mean choosing home ownership over renting is right for everyone. In some regions of the country, the cost of owning may still be higher than that of renting (to account for total ownership expenses, including property tax and maintenance, my rule of thumb is to add about 30 percent to the base mortgage amount).

And while home values may be stabilizing in many parts of the United States, that doesn't mean they're suddenly going to start rising at a fast and furious pace.

Over the next five to seven years, you still might not see a home's value appreciate the roughly 8 to 10 percent it would need to simply to cover the costs of relocating (which at the very least include the real estate agent's typical 6 percent commission, as well as movers' fees).

A Better Idea: Do the math carefully before you consider buying. Ask yourself: Do you have any inkling that you'll want to move in the next five to seven years, whether for a job, a fresh start, or a new experience? If so, purchasing a home is not a smart choice. Keep renting until you can commit to settling down for longer, and tune out everyone who says you're throwing away money.

To Continue To Read More:  https://www.oprah.com/omagazine/financial-advice-to-ignore-suze-orman-financial-advice#ixzz2BC2Qum7Q