Thursday Iraq News Posted by Tishwash at TNT 8-6-2026

TNT:

Tishwash:  Iraq and the World Bank launch steps to modernize public financial management

The Ministry of Finance, in cooperation with the World Bank, began on Wednesday implementing the requirements for preparing the roadmap for digital transformation and modernizing public financial management, within the framework of the government's program for financial and administrative reform.

The ministry stated in a statement received by Kalima News: that the Undersecretary of the Ministry of Finance, Ali Karim, held a meeting with a World Bank delegation headed by Emmanuel Salinas, in the presence of the Directors General of the Public Debt, Budget and Accounting Departments, and members of the National Digital Transformation Team.

She added that the meeting witnessed the commencement of preparing the executive roadmap for digital transformation in the ministry, through the adoption of an integrated methodology to assess the institutional reality, identify priorities and roles, set timetables and performance indicators, in accordance with best international practices.

The Undersecretary stressed that digital transformation is one of the main pillars of financial and administrative reform, as it provides an enhancement of governance and transparency and raises the efficiency of public financial management.

For its part, the World Bank delegation renewed its commitment to continue providing technical and advisory support and transferring international expertise, which contributes to the implementation of the government program and the development of the financial management system in Iraq.   link

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Tishwash: Al-Zaydi's advisor: The Central Bank's reserves have decreased from $106 billion to $80 billion.

The Prime Minister’s financial advisor, Mazhar Saleh, revealed that the Central Bank of Iraq’s reserves have decreased from about $106 billion to about $80 billion, stressing that this level still represents an indicator of financial stability .

Saleh said in a televised interview followed by Al-Sa’a Network that “the Central Bank’s reserves reached about $106 billion at one point, before gradually decreasing to about $80 billion .”

He added that "the current reserve is still within safe levels and is an indicator of monetary stability, as the central bank continues to secure the needs of the economy and meet its obligations ."

He noted that "inflation remains at low levels, estimated at around 4.5%, which reflects continued economic stability and the absence of significant inflationary pressures ."

Saleh stressed that "what is important for the Central Bank is to maintain monetary stability and ensure the financing of the needs of the state and the

economy, even with the presence of internal debt or a relative decline in the size of reserves  link

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Tishwash:  A government advisor reveals the fate of next month's salaries.

The Prime Minister’s financial advisor, Mazhar Saleh, revealed the outlines of the government’s approach to the salary crisis in the coming period, suggesting that the government will likely delay the disbursement of salaries as a temporary measure to address the liquidity crisis .

Saleh said in a televised interview followed by Al-Sa’a Network that “the government may rely on investing time by delaying the payment of salaries, in order to provide an opportunity to collect the necessary cash flows to cover expenses .”

He explained that "this measure represents a temporary solution and not a permanent one," stressing that "it cannot continue for a long period in light of the ongoing financial crisis and declining revenues ."

He noted that "the coming months will remain difficult if the oil revenue crisis continues," pointing to "a financial gap that necessitates the search for urgent financing solutions ."

Saleh added that "one of the options being considered is external borrowing," explaining that "the current Financial Management Law does not allow borrowing to cover the budget deficit in the current form, which would require new legislation if this option is adopted  link

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Tishwash:  The Central Bank Governor discusses regulating digital payments with the head of the Media and Communications Commission.

The Governor of the Central Bank of Iraq, Mr. Nizar Nasser Hussein, met with the Head of the Executive Authority of the Media and Communications Commission, Mr. Baligh Abu Kalal, to discuss mechanisms for enhancing joint cooperation in regulating digital payment services and developing the legislative and regulatory environment for the digital economy in Iraq.

The meeting addressed mechanisms for regulating the operation of digital applications and electronic payment platforms to ensure their compliance with applicable Iraqi laws and regulations, and to strengthen the regulatory environment that guarantees the protection of users' rights and reinforces the principles of transparency and legal compliance.

The two sides also discussed ways to enhance cooperation in combating money laundering and the financing of terrorism by developing coordination mechanisms between the two institutions, in line with national and international standards, and to maintain the integrity of the financial and digital system in Iraq.

The meeting also addressed the reactivation of financial transactions through the TikTok application and mechanisms for regulating payments to influencers and content creators to ensure their compliance with the legal, tax, and financial frameworks adopted in Iraq, and to safeguard the rights of all parties.

In another area of ​​discussion, the two sides addressed mechanisms for attracting and licensing global digital companies and platforms, including Apple, Google, Meta (owner of Facebook and Instagram), and other international firms, to operate legally within Iraq. This includes regulating payment processes and the digital services they offer, thereby enhancing confidence in the investment environment and the national digital economy.

They also discussed the memorandum of understanding to be signed between the Central Bank of Iraq and the Communications and Media Commission, aiming to establish an institutional framework for cooperation on shared issues, particularly the regulation of digital payments, financial technologies, and electronic services. This will contribute to supporting digital transformation and strengthening integration among state institutions.

Baghdad - Media Office   link

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Tishwash:  In its regular meeting hosted by President Al-Zaydi, the State Administration declared that those carrying weapons outside the framework of the state will be treated as outlaws.

 On Wednesday evening, August 5, 2026, Prime Minister Ali Faleh al-Zaidi hosted the thirty-seventh periodic meeting of the State Administration Coalition, in the presence of the President of the Republic, the Speaker of Parliament, the President of the Supreme Judicial Council, the President of the Kurdistan Region of Iraq, and the leaders of the coalition from the Iraqi national forces, where the overall political, security, economic and service conditions in the country were discussed, as well as regional developments and their repercussions on Iraq.

At the start of the meeting, the Prime Minister reviewed the efforts to enhance security and stability, improve services, implement the ministerial program, and address economic and financial challenges, stressing that the government places the protection of citizens’ interests at the forefront of its priorities.

The State Administration Coalition affirmed its support for continuing efforts to maintain security and stability, and efforts aimed at restricting weapons to the state in accordance with the ministerial program voted on by the House of Representatives, which became an effective law, and preventing the use of Iraqi lands as a launching pad for attacks on neighboring countries or dragging Iraq into conflicts that do not serve the interests of its people.

The coalition considered that whoever engages in this behavior is committing a crime of threatening the security of the country, and will be among the outlaws who must be fought, in accordance with the articles of the constitution that prohibit the use of weapons outside the will of the state, or the formation of any armed organization outside the official armed forces.

While the attendees condemned the attacks on Iraqi armed forces units and the martyrdom of a number of its members, they called for adherence to the timelines for the steps to restrict weapons after September 30, 2026, after which any armed behavior outside the framework of the state will be dealt with according to the anti-terrorism law.

The meeting also discussed the economic and financial situation, and the need to take measures to ensure the continuity of basic services and projects, diversify oil export outlets, enhance non-oil revenues, and combat waste, smuggling, and corruption.

On the regional level, the meeting affirmed Iraq’s support for efforts to promote calm and dialogue in the region, its rejection of the use of force in settling disputes, and its readiness to play a positive role in bringing together the viewpoints of the conflicting parties, in a way that contributes to preserving regional security and protecting common interests.

The participants also discussed developments in neighboring countries, and stressed the importance of strengthening border security, combating terrorism, drugs and organized crime, and developing Iraq’s relations with neighboring, regional and international countries on the basis of mutual interests, respect for sovereignty and non-interference in internal affairs.

At the conclusion of the meeting, the coalition called for expediting the formation of the government and sending the government program to the House of Representatives for discussion and approval.  link

Iraq Economic News and Points To Ponder Thursday Morning 8-6-26

Trade Grows At Iraq's Trebil And Al-Waleed Crossings

2026-08-05 Shafaq News- Al-Anbar  Commercial traffic through two of Iraq's western border crossings has increased, driven by improved security along the trade routes, the commissioner of Al-Rutba district in western Al-Anbar province said Tuesday.

Imad Al-Rishawi told Shafaq News that about 1,000 tankers depart daily through the Trebil crossing with Jordan and the Al-Waleed crossing with Syria, with a similar number of empty tankers entering.

Al-Rishawi, commissioner of Al-Rutba, a district in the western Al-Anbar province bordering both Jordan and Syria, said the movement reflects growing commercial transport between Iraq and neighboring states. He attributed the increase to security stability that has eased the flow of cross-border exchange. The two crossings still require infrastructure rehabilitation to match current traffic volumes.

Separately, a source told Shafaq News that about 1,000 Iraqi trucks are stranded in the Aqaba area of Jordan because storage tanks there are full. About 1,800 tanker drivers have waited 18 days to unload cargoes of crude oil.

https://www.shafaq.com/en/Economy/Trade-grows-at-Iraq-s-Trebil-and-Al-Waleed-crossings

Oil Prices Drop On Iran-Oman Shipping Talks Progress

2026-08-06 Shafaq News   Oil prices trended lower on Thursday on the progress in Iran-Oman talks, with investors cautiously waiting for signs of a U.S.-Iran peace deal and progress on reopening the Strait of Hormuz.

Brent crude futures fell 33 cents, or 0.42%, to $79.12 a barrel by 0418 GMT. U.S. West Texas Intermediate futures declined 42 cents, or 0.56%, to $74.80 a barrel. Brent settled up slightly on Wednesday, while WTI edged lower.

Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere, Iran's Foreign Ministry ⁠spokesperson Esmaeil Baghaei said on Wednesday.

"Some selling pressure emerged following reports that talks between Iran and Oman are making progress," said Yuki Takashima, economist at Nomura Securities.

Prices have returned to the levels seen when the United States and Iran signed an interim peace agreement on June 17, with investors closely watching whether the two sides can reach a final deal, he added.

A proposed deal between Iran and Oman to help end the U.S.-Iran conflict would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday, one of the biggest concessions yet to Iran.

There was no immediate U.S. comment on the proposal. While President Donald Trump has said a deal reopening the strait is imminent, U.S. officials have repeatedly insisted they ⁠would never agree to Iran controlling access to one of the world's most important trade route for energy supplies.

Iran has warned Gulf states that any new U.S. attack on its territory would trigger retaliation against critical energy infrastructure across the region, according to five sources, as Tehran seeks to raise the cost of military action by threatening Washington's closest regional allies.

"The real hinge point now becomes the trajectory of U.S.–Iran discussions, because meaningful progress ⁠there is essential before disrupted energy flows can realistically resume," ING analysts said in a note on Thursday.

Gulf countries' crude oil and condensate exports were largely steady in July and remained about 40% below pre-war levels, shipping data showed.

Meanwhile, Yemen's Iran-aligned Houthis said on Wednesday they had launched a missile attack on ⁠a Saudi oil tanker off the coast of the kingdom's Red Sea port city of Yanbu and another missile attack on a Saudi oil tanker in the Gulf of Aden. There was no confirmation from Saudi Arabia on either incident.

Takashima said concerns that ⁠Houthi attacks could hit Red Sea shipping were limiting optimism about the outlook for an end to shipping disruptions in the Middle East.  (REUTERS)

https://www.shafaq.com/en/Economy/Oil-prices-drop-on-Iran-Oman-shipping-talks-progress

Basrah Crudes Retreat Alongside Global Decline

2026-08-06 Shafaq News- Basrah   Iraq’s Basrah crude prices fell by less than 2% on Thursday, tracking a broader decline in major global oil benchmarks.

Basrah Heavy crude dropped to $52.42 per barrel, down 1.71%, while Basrah Medium crude slipped to $54.72 per barrel, a decline of 91 cents, or 1.64%.

Brent crude edged lower to $79.12 per barrel, losing 33 cents, or 0.42%. US West Texas Intermediate (WTI) crude also declined, falling 42 cents, or 0.56%, to $74.80 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crudes-retreat-alongside-global-decline

USD/IQD Climbs In Baghdad, Erbil Trading

2026-08-06 Shafaq News- Baghdad/ Erbil   The US dollar opened Thursday’s trading higher in Iraq, hovering around 152,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 152,050 dinars per 100 dollars, up from the previous session’s 151,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 152,500 dinars and bought it at 151,500 dinars, while in Erbil, selling prices stood at 152,250 dinars and buying prices at 152,150 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-climbs-higher-in-Baghdad-Erbil-trading

Gold Rallies In Baghdad And Erbil Markets

2026-08-06 Shafaq News- Baghdad/ Erbil    On Thursday, gold prices hovered around 900,000 IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 920,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 916,000 IQD. The same gold had sold for 897,000 IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 890,000 IQD, while the buying price reached 886,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 920,000 and 930,000 IQD, while Iraqi gold sold for between 890,000 and 900,000 IQD.

In Erbil, 22-carat gold was sold at 956,000 IQD per mithqal, 21-carat gold at 914,000 IQD, and 18-carat gold at 783,000 IQD.

https://www.shafaq.com/en/Economy/Gold-rallies-in-Baghdad-and-Erbil-markets

CBI June Dollar Sales Rise 15%

2026-08-06 Shafaq News- Baghdad   The Central Bank of Iraq's (CBI) foreign currency sales rose 15% to $5.857 billion in June from $5.092 billion in May, driven by higher funding of Iraqi banks' overseas accounts, according to official data.

The increase was largely attributed to funding provided to Iraqi banks' accounts abroad outside CBI's former foreign currency sales window, which climbed to $5.538 billion in June from $4.941 billion in May, up 12.1%.

Cash dollar sales more than doubled during the month, rising to $319 million from $151 million in May.

Transfers to banks' overseas accounts remained the central bank's primary channel for supplying US dollars to the domestic market. No sales were recorded through bank transfers, letters of credit, or international settlement operations during June.

In the first six months of 2026, CBI's total foreign currency sales reached $25.91 billion, including $24.74 billion allocated to funding banks' overseas accounts and $1.17 billion in cash sales.  

https://www.shafaq.com/en/Economy/CBI-June-dollar-sales-rise-15

Seeds of Wisdom RV and Economics Updates Thursday Morning 8-6-26

Good Morning Dinar Recaps,

China Expands Yuan Finance: Central Bank Push Signals New Phase in Global Financial Realignment

China's central bank is accelerating financial reforms, supporting local government debt restructuring, and expanding yuan-based international finance as BRICS cooperation gains momentum.

Overview

• China's central bank pledged to maintain accommodative monetary policy while expanding international use of the yuan through cross-border finance and panda bonds.

• Officials also reaffirmed support for resolving local government debt risks, highlighting debt stability as a national priority.

• As India advances the 2026 BRICS agenda, these developments reinforce the gradual evolution toward a more multipolar global financial system.

Key Developments

1. China Signals Continued Monetary Support

The People's Bank of China (PBOC) announced it will maintain an appropriately accommodative monetary policy while ensuring ample liquidity across the financial system.

Officials emphasized flexibility in using monetary tools as economic conditions evolve during the second half of 2026.

2. Debt Restructuring Remains a Major Priority

China reaffirmed its commitment to supporting the restructuring of local government financing vehicle debt, an issue that has weighed on financial markets for several years.

Reducing debt risks remains central to maintaining confidence in China's financial system while supporting long-term economic stability.

3. Yuan Internationalization Continues

The PBOC pledged additional support for:

• Yuan-denominated "Panda Bonds"

• Cross-border financing

• Shanghai's international financial role

• Hong Kong's position as a leading offshore yuan center

These initiatives continue China's long-term effort to expand international use of its currency.

4. BRICS Financial Cooperation Advances

India's BRICS presidency continues building toward the September BRICS Summit, with ministerial meetings focusing on financial cooperation, trade, and development initiatives.

Although today's meetings do not introduce a new payment system, they demonstrate continued coordination among BRICS members on long-term economic priorities.

Why It Matters

The combination of debt management, central bank policy, and expanded yuan financing illustrates how major economies are adapting to a changing global financial landscape.

Rather than replacing the existing financial system overnight, countries are gradually building additional channels for trade, lending, and investment that increase financial resilience and diversify international capital flows.

Why It Matters to Foreign Currency Holders

• Debt stability influences long-term confidence in major economies.

• Growing international use of the yuan could gradually affect global currency demand.

• Expanded cross-border financing supports diversification within international markets.

• Central bank policies continue shaping interest rates, capital flows, and exchange rate dynamics.

Implications for the Global Reset

• Pillar: Debt

China's continued focus on resolving local government debt underscores how sovereign debt management remains one of the defining financial challenges facing major economies. Stable debt markets support confidence in both domestic and international financial systems.

• Pillar: Trade

Expanding yuan-based financing and strengthening cross-border financial infrastructure support the gradual diversification of international trade settlement. These efforts complement broader BRICS initiatives aimed at increasing financial cooperation among emerging economies.

Conclusion

China's latest policy announcements demonstrate that the evolution of the global financial system is occurring through incremental structural reforms rather than sudden transformation.

By combining debt stabilization, monetary flexibility, and expanded international financial infrastructure, policymakers continue laying the groundwork for a more diversified global financial architecture.

This is not simply about China's monetary policy—it reflects the broader evolution of global finance as major economies expand alternative channels for trade, lending, and international capital flows.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "China's Central Bank Pledges Timely Policy Tool Adjustment"

• The Economic Times — "India's BRICS Presidency Gathers Momentum With Key Ministerial Meets"

~~~~~~~~~~

🌱 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

“We’ve Already Crossed the Point of No Return’ – Bill Holter’s Financial Warning

“We’ve Already Crossed the Point of No Return’ – Bill Holter’s Financial Warning

Miles Franklin Media:  8-4-2026

Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, sits down with precious metals expert and broker Bill Holter, aka “Mr. Gold,” for a deeply personal and urgent discussion about the debt-based financial system.

Holter explains why he believes the mathematics of debt have already pushed the system beyond the point of no return and why a credit contraction could spread frighteningly fast from financial markets into the real economy.

They discuss rising interest rates, the unwinding yen carry trade, warning signs in private credit, deteriorating confidence in the U.S. Treasuries and the consequences for food, energy, utilities and everyday life.

Holter also explains why he considers physical gold and silver the only financial “life rafts.”

In this episode of Little by Little with Andy Schectman:

Why the global debt system must continually create more credit to survive

How a credit collapse could spread from Wall Street into food, energy and utilities

The unwinding yen carry trade and the danger of rising global interest rates

Warning signs emerging in private credit and leveraged financial markets

Why Bill believes the debt has crossed the mathematical point of no return

Gold and silver as real money in a world built on defaultable paper assets

Why a financial collapse could rapidly become a societal crisis

Practical steps families can take to prepare for a systemic disruption

Bill’s friendship with Jim Sinclair and the lessons he learned from “Mr. Gold”

00:00 Coming Up

01:15 Introduction

02:45 Friendship Stories

04:27 Who Was Jim Sinclair

11:05 Sinclair Lessons

15:47 Gold Confiscation Plan

26:18 Credit Is The Game

32:20 From Finance To Society

35:15 Yen Carry Trade Unwinds

36:23 Rates Up Dollar Down

37:15 Yen Carry Trade Unwinds

39:14 Fed Losing Yield Control

42:26 Private Credit Canary

47:48 Where To Ride It Out

50:25 Gold Silver Life Rafts

54:04 The Math Behind Collapse

59:17 Power Grid And Supplies

01:02:41 Legacy And Origin Story

https://www.youtube.com/watch?v=mLWi4nU9RC8

Iraq Economic News and Points To Ponder Wednesday Afternoon 8-4-26

Is Money Being Printed To Pay Salaries? An Economist Explains The Risks And Warns Of The Consequences.

Baghdad Today - Baghdad    Financial and economic expert Ahmed Abdel Rabbo warned on Wednesday (August 5, 2026) against calls to print currency to secure employee salaries or finance the financial deficit, considering that they lack legal and economic foundations and may lead to serious repercussions on monetary stability and the Iraqi economy.

Abd Rabbo told Baghdad Today that the Central Bank of Iraq Law No. (56) of 2004 regulates the process of issuing currency, explaining that printing currency is a technical procedure aimed at managing the money supply and meeting the needs of the economy, and is not a means of financing government expenditures or covering the financial deficit.

He added that issuing new quantities of currency without real growth in production or an increase in corresponding assets leads to an unjustified rise in cash liquidity, which is reflected in increased inflation rates, a decline in the purchasing power of the dinar, and a decrease in the real value of citizens’ salaries and savings.

He explained that what is known economically as "financing by printing" is one of the most dangerous options in times of financial crisis, because it weakens confidence in the local currency and increases demand for foreign currencies, especially the dollar, which exacerbates pressure on the exchange rate and affects financial stability.

Abdel Rabbo pointed out that there is confusion between the monetary policy tools managed by the central bank and the fiscal policy undertaken by the government, explaining that the use of local debt instruments or discounting treasury bills is different from printing currency to finance current spending, as these instruments are subject to legal and financial controls, while the other option leads to continuous inflationary pressures.

He stressed that addressing the liquidity crisis should rely on sustainable financial and economic reforms, including rationalizing government spending, maximizing non-oil revenues, developing electronic tax and customs collection, recovering looted funds, combating corruption, and expanding the use of domestic debt instruments within controls that maintain monetary stability and protect citizens’ purchasing power.

Discussions in Iraq increase during periods of financial pressure regarding the mechanisms for financing government spending, particularly employee salaries, given the budget's heavy reliance on oil revenues.

Economic experts confirm that addressing the fiscal deficit requires structural reforms and diversifying revenue sources, while the Central Bank of Iraq stresses the importance of maintaining monetary policy stability, the value of the dinar, and reducing inflationary pressures.   https://baghdadtoday.news/304420-.html

The Salary Crisis Tops The Agenda Of The Meeting Between The State Administration And The Three Presidencies.

Information/Special..  Salah Boushi, a member of the State of Law Coalition, stated on Wednesday that the meeting of the State Administration Coalition, in light of the challenges facing Iraq, is of exceptional importance in addressing the economic crisis, specifically the issue of delayed salaries.

Bushi explained to Al-Maalomah News Agency that “the extraordinary meeting of the State Administration Coalition stems from the participation and presence of the three presidencies to discuss many issues, foremost among them the current financial crisis and finding solutions to it,” noting that “solving the financial crisis now requires political and economic decisions to rationalize importance spending, diversify non-oil revenues, and rearrange budget priorities in a way that preserves the rights of citizens.”

He emphasized that "any agreement and understanding between the political forces and the three presidencies will directly impact financial and economic stability and strengthen citizens' confidence in the state's direction," adding that "true success is not measured by the number of meetings, but by the state's ability to translate political consensus into economic decisions that alleviate the burdens on citizens and establish long-term financial stability." (End of 25)

https://almaalomah-me.translate.goog/news/140372/politics/أزمة-الرواتب-تتصدر-جدول-اعمال-اجتماع-إدارة-الدولة-والرئاسات?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Parliament Hosts The Minister Of Finance To Discuss The Delay In Paying The Salaries Of More Than One Million Employees.

The Information Agency/Baghdad...  MP Ibtisam Hashim al-Hilali, from the State of Law Coalition, confirmed on Wednesday that the Parliament will host Finance Minister Falih al-Sari next week to discuss the reasons for the delay in paying the salaries of more than one million permanent employees.

Al-Hilali said in a statement received by the Information Agency that “the meeting will address the financial and economic situation in the country, as well as discuss the measures required to reduce expenditures and maximize non-oil revenues,” emphasizing her rejection of any tampering with employee salaries.

She added that "changing the salary payment dates is a violation of the law," noting that Iraqi legislation stipulates a 30-day month for calculating salaries, wages, and allowances in state institutions and the public and mixed sectors.

Al-Hilali indicated that “Parliament will discuss during the session the reasons for the salary delays and their impact on the living, social, and economic conditions of employees.” End/25

https://almaalomah-me.translate.goog/news/140330/politics/البرلمان-يستضيف-وزير-المالية-لبحث-تأخر-صرف-رواتب-أكثر-من-ملي?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Deficit Consumes Nearly Half Of Iraq's Projected 200 Trillion IQD 2027 Budget 

Daban Mohammed 

At a Glance

• Iraq faces a record 100 trillion IQD budget deficit.

• Oil covers only one-quarter of state operational expenses.

• The Kurdistan Region demands a 25 trillion IQD share.

• The Strait of Hormuz instability severely disrupted budget planning.

Iraq is on the precipice of a severe financial crisis as the federal government grapples with a record-breaking projected deficit of 100 trillion Iraqi Dinars (IQD) in the upcoming 2027 national budget.

Key Statements and Focus Areas

• The total estimated volume of the 2027 budget will reach 200 trillion IQD, with nearly half of the entire fiscal plan consisting of a deficit.

• KRG based their 25 trillion IQD demand on the latest census data and strictly reject any settlement limited solely to employee salaries.

Channel8 has learned that there is a critical mismatch in state finances: monthly oil revenues have plummeted to just 2.5 trillion IQD, while the government requires 10 trillion IQD monthly to cover its basic operational expenditures. 

Consequently, oil revenues currently cover only one-quarter of the country's public salaries and ministerial expenses, forcing Baghdad to actively pursue internal and external borrowing options to sustain state operations.

The total estimated volume of the 2027 budget is set to reach 200 trillion IQD, meaning nearly half of the entire fiscal plan will consist of a deficit. 

The federal framework allocates 150 trillion IQD toward public sector salaries and general state expenditures, while reserving 50 trillion IQD for investment and infrastructure projects.

Amid these financial strains, the Kurdistan Region is formally demanding a 14.1% share of the national budget, which equates to approximately 25 trillion IQD. 

Regional authorities have based this claim on the country's latest census data and have strictly rejected any fiscal settlement that limits their allocation exclusively to public employee salaries. 

To optimize state spending and prevent institutional financial waste, Iraq is collaborating with the World Bank to implement a comprehensive "Program and Performance Budgeting" system.

FYI

Drafting the budget blueprint has faced severe disruptions due to dropping global energy prices and acute instability surrounding the Strait of Hormuz. Because Iraq relies on oil revenues to fund 90% of its national budget, maritime security threats to its primary export corridor pose a direct risk to national stability.

To mitigate these adverse market effects, Baghdad is urgently seeking alternative oil export routes. Current strategic plans include expanding export capacities through the Syrian Port of Baniyas and finalizing an agreement to sell one million barrels of oil to Turkey.

Meanwhile, the Iraqi Parliamentary Finance Committee, chaired by MP Uday Awad Kadhim, met last week with Budget Department Director General Milad Ziad Abdul Mawla to finalize fiscal reforms for the 2027 state budget. 

The high-level meeting focused on restructuring the budget to maximize public revenues, enhance spending accuracy, and systematically reduce the state's reliance on oil. 

The Iraqi Ministry of Finance is scheduled to finalize the official budget draft by September, with plans to formally transmit the legislation to the Council of Representatives in October for parliamentary approval.

Concurrently, The Kurdistan Region's Ministry of Finance, chaired by Minister Awat Sheikh Janab, held a high-level meeting on Sunday to officially launch preparations for Iraq's 2027 federal budget.

Backed by the latest population census data, KRG is demanding a budgetary share that enables it to cover public salaries, operational costs, and critical infrastructure projects. 

The ministry plans to hold individual consultations with all government institutions in the coming days to finalize their specific financial needs and safeguard the Kurdistan Region's constitutional entitlements.    https://channel8.com/english/news/63036   

Seeds of Wisdom RV and Economics Updates Wednesday Evening 8-5-26

Good Evening Dinar Recaps,

CLARITY Act Faces Critical Test: Senate Negotiations Stall as Digital Asset Reform Nears a Turning Point

The Senate's effort to advance landmark digital asset legislation has entered a decisive phase as bipartisan negotiations continue and time before the August recess rapidly diminishes.

 Overview

• The CLARITY Act remains a top Senate priority, but unresolved bipartisan negotiations have placed this week's expected procedural vote in doubt.

• Lawmakers continue debating ethics provisions, illicit finance safeguards, and stablecoin rules, leaving the bill's path forward uncertain despite broad support for regulatory clarity.

• The outcome could shape how digital assets are regulated in the United States and influence the future modernization of global financial markets.

Key Developments

1. Senate Faces a Narrow Window

Senate Majority Leader John Thune continues to express support for bringing the CLARITY Act to the Senate floor before lawmakers leave for the August recess.

However, no cloture motion has yet been filed, meaning the procedural timeline has become increasingly compressed. Without cloture, the Senate cannot proceed to debate or a final vote.

2. Bipartisan Negotiations Remain the Primary Obstacle

While many lawmakers support establishing a regulatory framework for digital assets, key disagreements remain unresolved.

The principal issues include:

• Ethics provisions governing public officials.

• Illicit finance protections designed to combat money laundering.

• Stablecoin yield provisions that continue to divide lawmakers.

Democratic senators have indicated these issues must be resolved before sufficient support exists to advance the legislation.

3. Regulatory Certainty Remains a Priority

Supporters argue the CLARITY Act would establish long-awaited guidance defining the respective responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

A clearer regulatory framework could reduce uncertainty for financial institutions, technology companies, investors, and blockchain developers while encouraging responsible innovation within the United States.

4. Markets Continue Watching Washington

Although cryptocurrency prices continue responding to broader macroeconomic developments, investors are also monitoring progress on the CLARITY Act.

Regulatory certainty is widely viewed as an important factor for:

• Institutional investment

• Digital asset innovation

• Long-term market confidence

A delay would not necessarily end the legislative effort but could postpone implementation until Congress reconvenes after the August recess.

 Why It Matters

The CLARITY Act extends well beyond cryptocurrency. It represents one of the most significant efforts by Congress to establish a comprehensive legal framework for digital financial assets within the U.S. financial system.

As governments around the world continue developing policies for blockchain technology, digital payments, and tokenized financial assets, the United States faces increasing pressure to provide regulatory certainty while maintaining financial stability and market integrity.

Why It Matters to Foreign Currency Holders

• Regulatory clarity can strengthen confidence in U.S. financial markets.

• Institutional adoption of digital assets may influence future capital flows.

• Clear market rules could support broader investment participation.

• Global financial innovation increasingly intersects with traditional currency and payment systems.

Implications for the Global Reset

• Pillar: Assets

The CLARITY Act seeks to define how digital assets fit within the existing financial system. Clear regulations could encourage broader institutional participation while providing investors with greater legal certainty and improving overall market confidence.

• Pillar: Technology

Blockchain technology continues moving from emerging innovation toward mainstream financial infrastructure. Establishing a regulatory framework supports the responsible integration of digital assets into banking, investment, and payment systems while promoting long-term financial modernization.

Conclusion

The coming days will determine whether lawmakers can overcome the remaining procedural and policy differences needed to move the CLARITY Act forward.

While negotiations continue, the broader objective remains unchanged: creating a regulatory framework that balances innovation, consumer protection, and financial stability.

This is not simply about cryptocurrency regulation—it reflects the broader modernization of financial markets as governments work to establish the legal framework for integrating digital assets into the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinGape — "Breaking: CLARITY Act Senate Vote This Week Could Fail As Democrats Remain Hostile"

• Investor's Business Daily — "Senate Pushes Toward CLARITY Act Vote Before August Recess"

~~~~~~~~~~

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The Fuse is Lit: Shock US Decision for Full Fiat Destruction

The Fuse is Lit: Shock US Decision for Full Fiat Destruction

Daniela Cambone:  8-4-2026

"This isn't just about the yen—it's about the beginning of a fiat currency crisis." — Gareth Soloway

In a recent episode of The Daniela Cambone Show via ITM Trading, market strategist Gareth Soloway joined Daniela Cambone to dissect the moving parts of the global financial engine. From the unprecedented currency maneuvers between the US and Japan to the long-term trajectories for precious metals and digital assets, Soloway provides a masterclass in technical analysis blended with macroeconomic reality.

One of the most striking developments discussed in the interview is the coordinated intervention involving the US and Japan to stabilize the Japanese Yen.

Soloway highlights a peculiar detail that many missed: the strategic use of the Euro, rather than the US Dollar, in this intervention. According to Soloway, this tactical choice underscores a growing concern among global central banks regarding the stability of fiat currencies.

By utilizing the Euro, authorities can attempt to manage currency values without directly signaling a crisis in the Dollar, yet the underlying message remains clear—the “fiat domino effect” is a looming risk. As global debt levels climb, the stability of traditional currencies becomes more fragile, necessitating these high-stakes interventions.

For those focused on wealth preservation, Soloway’s outlook on gold remains decidedly bullish, though he cautions that the path is not a straight line. While short-term fluctuations are expected, his technical analysis points toward a massive structural surge in gold prices, peaking between 2029 and 2031.

This forecast is rooted in the belief that the current cycle of debt expansion and currency devaluation will eventually lead to a “flight to quality.” Gold, as the ultimate historical store of value, stands to benefit most as investors seek alternatives to a weakening fiat system.

In contrast to gold’s clear upward trajectory, Soloway offers a more nuanced view of silver. While silver often moves in tandem with gold, it faces unique challenges due to its dual identity as both a monetary metal and an industrial commodity. Soloway notes that silver continues to face significant technical resistance levels.

Furthermore, economic headwinds—such as a potential slowdown in global manufacturing—could dampen silver’s recovery. While it remains an essential asset to watch, Soloway suggests that silver’s path to new highs may be more turbulent than gold’s due to these broader economic sensitivities.

The conversation transitioned into the digital realm, where Bitcoin continues to be a point of intense speculation. Soloway observes that while Bitcoin shows signs of near-term bullishness, it is not yet out of the woods. He points to a critical risk factor: the high level of leverage among institutional holders. We are currently in a multi-year price drawdown cycle, a phase that historically involves significant volatility before a true bottom is established.

Soloway suggests there may be further downside before a long-term accumulation phase begins, urging crypto investors to remain disciplined and wary of the risks associated with excessive leverage in the market.

The overarching theme of Gareth Soloway’s analysis is one of caution and preparation. We are living through an era of rising global debt and increasing currency instability, factors that traditionally favor “hard assets.”

Whether it is the strategic intervention in the Yen or the cyclical movements of Bitcoin, the common denominator is a search for stability in an unstable system. For investors, the takeaway is clear: understanding the technical levels is important, but understanding the macroeconomic “why” is essential for long-term success.

Chapters:

00:00 - Intro

01:47 - US-Japan Yen Intervention Explained

05:14 - Gold Outlook & Long-Term Price Target

07:12 - Silver Technical Analysis & Key Levels

08:19 - Bitcoin Price Outlook & Strategy Risks

09:44 - Bitcoin Sentiment & Institutional Adoption

11:38 - Why the Yen Intervention Matters Long Term 12:49 - Final Thoughts

https://www.youtube.com/watch?v=8TuzfQxz4CY

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 8-5-26

Good Afternoon Dinar Recaps,

Hormuz Diplomacy Continues: Markets Bet on Lower Energy Prices While Key Risks Remain

Ongoing U.S.–Iran diplomatic efforts are easing pressure on global energy markets, but unresolved security and nuclear issues continue to leave investors watching for the next major development.

Overview

Diplomatic discussions between the United States and Iran continue, raising cautious optimism that further progress could reduce tensions surrounding the Strait of Hormuz, one of the world's most important energy corridors. Although no final agreement has been announced, recent statements from U.S. officials have encouraged financial markets.

Investors responded by pushing oil prices lower, while global equity markets strengthened as traders priced in a reduced risk of major supply disruptions. Lower energy prices also helped reinforce expectations that inflation could continue moderating in the months ahead.

At the same time, significant issues remain unresolved, including Iran's nuclear program, regional security concerns, and the long-term framework for any future agreement. Markets are treating the negotiations as a positive development—but not yet a permanent solution.

If diplomacy continues to advance, the benefits could extend far beyond the Middle East by improving global trade, lowering transportation costs, and reducing inflationary pressures across many economies.

Key Developments

1. Diplomatic Talks Continue

Senior U.S. officials indicated that negotiations with Iran remain active, with both sides continuing discussions aimed at reducing regional tensions.

• Markets are closely monitoring any announcement of a formal agreement.

• Diplomatic progress has improved investor confidence, even without a finalized deal.

2. Oil Markets Respond Favorably

Crude oil prices eased as traders reduced the geopolitical risk premium that had built into energy markets during recent military tensions.

• Lower oil prices help reduce fuel and transportation costs.

• Energy markets remain sensitive to any setback in negotiations.

3. Strait of Hormuz Remains Critical

The Strait of Hormuz continues to serve as one of the world's most important energy chokepoints, carrying a substantial share of global crude oil exports.

• Safe navigation remains essential for global energy security.

• Shipping companies continue monitoring regional military activity.

4. Inflation Outlook Improves

Declining energy prices have strengthened expectations that inflation pressures may continue easing.

• Lower energy costs reduce expenses throughout the economy.

• Central banks may gain greater flexibility if inflation continues to moderate.

5. Financial Markets Look Beyond the Headlines

While equity markets have welcomed the diplomatic progress, investors recognize that negotiations remain ongoing.

• Treasury yields have eased as inflation expectations softened.

• Markets continue balancing optimism with caution until concrete agreements are finalized.

Why It Matters

Energy prices influence nearly every sector of the global economy. When oil prices fall, businesses often experience lower operating costs while consumers benefit from reduced fuel and transportation expenses.

For central banks, lower inflation pressure can reduce the need for tighter monetary policy, helping stabilize borrowing costs, government debt financing, and financial markets.

Although diplomacy has improved market sentiment, lasting stability will depend on whether negotiations produce durable agreements rather than temporary pauses in tensions.

Why It Matters to Foreign Currency Holders

• Lower energy costs can strengthen confidence in global financial markets.

• Reduced inflation may support greater stability in exchange rates.

• Improved trade flows can enhance international capital movement.

• Central bank policy decisions remain an important factor influencing currency valuations.

Implications for the Global Reset

• Pillar: Energy

Progress in diplomatic negotiations could improve stability in one of the world's most important energy corridors. More reliable energy supplies help reduce inflation risks and strengthen global economic confidence.

• Pillar: Trade

Safer shipping through the Strait of Hormuz supports global commerce by lowering transportation costs and reducing supply chain uncertainty. Stable trade routes remain essential for international economic growth.

Conclusion

Markets are increasingly betting that diplomacy can reduce geopolitical risk and stabilize global energy supplies, but important challenges remain unresolved.

The current market response reflects optimism that negotiations will continue moving in a constructive direction while recognizing that setbacks remain possible.

This is not simply about diplomacy—it reflects how energy security, global trade, and financial stability remain deeply interconnected as governments work to reduce geopolitical risk and strengthen the foundations of the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Global Markets Rise as Investors Watch U.S.–Iran Diplomacy and Energy Prices"
  ‍ ‍Reuters — "Oil Prices Ease as Markets Monitor Middle East Developments"

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Wednesday Morning 8-5-26

Iraq's Issued Currency Hits $86.3B In May

2026-08-04  Shafaq News- Baghdad   Iraq's issued currency rose to 113.560 trillion dinars ($86.3B) at the end of May 2026, up from 112.896 trillion dinars ($85.8B) a month earlier, as cash circulating outside the banking system continued to increase, according to official data released by the Central Bank of Iraq (CBI).

Compared with the end of 2025, issued currency increased to 99.799 trillion dinars ($75.8B). Net currency circulating outside banks climbed to 106.812 trillion dinars ($81.2B) at the end of May, up from 104.542 trillion dinars ($79.5B) a month earlier and 92.560 trillion dinars ($70.3B) at the close of last year.

Cash held by banks fell to 6.748 trillion dinars ($5.1B) from 8.354 trillion dinars ($6.3B) at the end of April and 7.239 trillion dinars ($5.5B) at the close of 2025.

Economic expert Mohammed Al-Hassani told Shafaq News that the increase in issued currency indicates the CBI injected additional liquidity into the economy. The continued concentration of cash outside banks, coupled with declining bank holdings, reflects the persistent preference of individuals and businesses to hold money outside the banking system, limiting banks' capacity to expand lending and support broader economic activity, he added.

https://www.shafaq.com/en/Economy/Iraq-s-issued-currency-hits-86-3B-in-May

Exclusive: Iraq’s Currency In Circulation Surges Past $86B

2026-08-04 Shafaq News- Baghdad  Iraq’s currency in circulation reached 113.560 trillion dinars ($86.3B) in May 2026, adding 13.761 trillion dinars ($10.6B), or 13.8%, from the end of 2025, according to a review by Shafaq News on Tuesday.

Currency in circulation rose steadily during the first five months of 2026, starting at 99.799 trillion dinars ($76.8B) in December 2025 before reaching 101.431 trillion dinars ($78.1B) in January. The figure then climbed to 104.614 trillion dinars ($80.5B) in February, 108.985 trillion dinars ($83.8B) in March, 112.896 trillion dinars ($85.8B) in April, and 113.560 trillion dinars ($86.3B) in May.

The largest monthly change came in March, when currency in circulation expanded by around 4.371 trillion dinars ($3.4B). The amount recorded another gain of 3.911 trillion dinars ($3.0B) in April before slowing in May, with an increase of about 664 billion dinars ($511M).

The rise coincided with pressure on Iraq’s public finances, including a gap between government revenues and spending, disruptions in oil revenue flows, and delays in salary payments for some state institutions.

Mahmoud Dagher, a financial and banking expert who previously served as a director general at the Central Bank of Iraq (CBI), described currency in circulation as a normal CBI operation but noted that it had become the only available short-term measure to provide liquidity during the current period.

Warning that the policy could contribute to inflationary pressure and place additional strain on foreign currency reserves, he stressed that Baghdad had limited alternatives and was forced to rely on the measure as the lesser of two risks.

“Iraq did not have access to external financial support or a sovereign wealth fund that could provide additional resources,” Dagher added, pointing to limited alternative oil export channels.

Earlier today, the CBI reported that Iraq’s currency in circulation stood at 113.560 trillion dinars ($86.3B) at the end of May 2026, compared with 112.896 trillion dinars ($85.8B) a month earlier, as currency circulating outside the banking system continued to expand.

https://www.shafaq.com/en/Economy/Exclusive-Iraq-s-currency-in-circulation-surges-past-86B

Oil Slides Further On Iran Diplomacy Hopes

2026-08-05 Shafaq News   Oil extended declines on Wednesday after steep falls in the previous two trading sessions, as investors waited ​to see if efforts to end the Iran war and restore traffic through ‌the blockaded Strait of Hormuz were making progress.

Brent crude futures dropped 92 cents, or about 1.2%, to $78.44 a barrel by 0330 GMT. They have tumbled more than 12% for the week thus far.

U.S. West Texas ​Intermediate futures lost $1.07, or 1.4%, to stand at $74.70 a barrel and are down ​more than 11% this week.

Qatar said on Tuesday mediators were making progress in ⁠efforts to end the war, driving oil prices lower, although Tehran has denied U.S. President ​Donald Trump's assertion that talks are underway. Brent closed more than 5% lower on Tuesday below $80 ​a barrel for the first time since July 13.

"While the immediate geopolitical premium has unwound, the broader supply picture warrants caution," said Priyanka Sachdeva, head of market insights at Phillip Nova.

"If diplomatic efforts fail and physical ​supply is ultimately affected, the current pullback could prove short-lived, with tighter inventories amplifying ​the impact of any future supply shock," Sachdeva added.

Prior to the beginning of the war, some 20% of ‌the ⁠world's oil and liquefied natural gas transited through the strait, and in March alone prices rose 50%.

"The main sticking point appears to be whether Iran will continue to insist on a degree of control over the waterway, and whether the U.S. will stand its ground and ​refuse that outcome," analysts ​from IG said ⁠in a note.

Trump and Qatar's Emir Sheikh Tamim bin Hamad Al Thani discussed efforts to narrow differences between Washington and Tehran and improve ​the prospects for a lasting settlement during a phone call on ​Tuesday, Qatar's Emiri ⁠office said.

U.S. crude and gasoline inventories rose while distillate stocks fell last week, market sources said on Tuesday, citing data from the American Petroleum Institute.

Crude stocks rose by about 2.7 million barrels ⁠in the ​week ended July 31, the sources said on condition ​of anonymity.

Official numbers from the U.S. Energy Information Administration are due at 10:30 a.m. ET (1430 GMT) on Wednesday.  (REUTERS)

https://www.shafaq.com/en/Economy/Oil-slides-further-on-Iran-diplomacy-hopes

Basrah Crudes Rise Despite Benchmark Losses

2026-08-05 Shafaq News- Basrah   Iraq’s Basrah crude climbed about 3% on Wednesday, amid losses in benchmark crude futures.

Basrah Heavy crude rose by $1.57, or 3.03%, to $53.33 per barrel, while Basrah Medium crude gained $1.57, or 2.90%, to settle at $55.63 per barrel.

Brent crude futures fell by 92 cents, or about 1.2%, to $78.44 a barrel, while US West Texas Intermediate futures lost $1.07, or 1.4%, to $74.70 a barrel.

OPEC's basket held steady at $79.50 per barrel, while Saudi Arabia's Arab Light crude rose to $74.45 per barrel.

https://www.shafaq.com/en/Economy/Basrah-crudes-rise-despite-benchmark-losses

Iraq Ships 7K+ Tons Of Cement To Syria Monthly

2026-08-05 Shafaq News- Baghdad/ Damascus   Iraq's state-run Al-Qaim Cement Plant has reached its full design capacity of 840,000 metric tons annually, enabling it to meet domestic demand while exporting around 7,500 metric tons of sulfate-resistant cement to Syria each month.

The General Company for Iraqi Cement, part of the Ministry of Industry and Minerals, said the facility produces about 70,000 metric tons monthly, supplying Al-Anbar and other Iraqi provinces. It added that the plant operates around the clock to strengthen Iraq's self-sufficiency and expand the country's cement exports.

Iraq launched its first cement exports to Syria through the Al-Waleed border crossing in May. At the time, Musheer al-Ramah, head of the media office for Syria's border crossings and customs authority, said the shipments were expected to increase local supply, stabilize prices, and support Syria's construction sector and related industries.

A senior economic adviser at Syria's Ministry of Economy previously told Shafaq News that Baghdad and Damascus aim to double bilateral trade within the next two years, with commercial exchange expected to surpass pre-war levels before the end of 2027.

https://www.shafaq.com/en/Economy/Iraq-ships-7K-tons-of-cement-to-Syria-monthly

Small Tanker Fleet Costs Iraq Millions In Shipping Revenue

2026-08-05 Shafaq News- Baghdad   Iraq’s limited oil tanker fleet is forcing the country to depend on foreign vessels to transport most of its crude exports, leaving Baghdad unable to secure additional revenues from shipping and insurance services, oil sector officials told Shafaq News on Wednesday.

The country operates only a small number of tankers through the state-run Iraqi Oil Tanker Company, including the large vessels Akad and Baghdad, along with Tigris and Euphrates. However, those vessels are insufficient to handle the millions of barrels of crude Iraq sends to global markets each day.

Officials, who spoke on condition of anonymity, noted that the use of foreign carriers also reduces the additional value generated from oil exports compared with some Gulf producers that have developed extensive maritime networks alongside their energy industries.

Iraq’s current situation stems from decades of disruption that weakened its maritime capabilities. The country previously maintained a larger fleet, but wars and international sanctions contributed to the decline of its tanker operations and forced many vessels out of service.

“Rebuilding a modern national tanker fleet could improve the security of Iraq’s exports, reduce dependence on foreign shipping companies and create new sources of revenue for the state,” the officials added.

According to the mechanisms used by Iraq’s state-run Oil Marketing Company (SOMO), most crude sales are conducted under the Free on Board (FOB) system, meaning its responsibility ends once the oil is loaded onto vessels at export terminals. After that stage, buyers cover transportation costs, insurance and the risks associated with moving the cargo.

Oil remains the backbone of Iraq’s economy, with crude shipments exceeding 3 million barrels per day (bpd) and income from petroleum sales accounting for more than 84% of government revenues.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency 

https://www.shafaq.com/en/Economy/Small-tanker-fleet-costs-Iraq-millions-in-shipping-revenue

Seeds of Wisdom RV and Economics Updates Wednesday Morning 8-5-26

Good Morning Dinar Recaps,

Global Bond Markets Flash Warning Signals: Rising Treasury Yields Test Confidence in the Financial System 

Global bond markets are sending an increasingly important message as investors weigh persistent inflation, growing government debt, and the Federal Reserve's next policy moves, with implications reaching far beyond Wall Street.

 Overview

• Global bond markets remain under pressure as investors demand higher yields to compensate for inflation risks and record levels of government borrowing.

•  Federal Reserve officials continue emphasizing inflation concerns, even after holding interest rates steady, leaving markets uncertain about whether additional tightening may be needed.

• The Treasury market is increasingly becoming the focal point of global finance, influencing everything from mortgage rates and business lending to currency values and government borrowing costs.

Key Developments 

1. Treasury Yields Continue Sending Warning Signals

Long-term U.S. Treasury yields remain near their highest levels in nearly two decades, reflecting investor concern that inflation may remain above the Federal Reserve's target for longer than previously expected.

Higher Treasury yields increase borrowing costs across the economy because they serve as the benchmark for many financial products, including mortgages, business loans, and corporate bonds.

2. Federal Reserve Faces Growing Policy Challenges

Kansas City Federal Reserve President Jeff Schmid warned that inflation remains too high and suggested monetary policy may need to remain restrictive until inflation clearly moves toward the Fed's 2% objective.

Markets continue watching employment and inflation data closely, knowing that stronger-than-expected economic reports could increase expectations for additional policy tightening later this year.

3. Debt Markets Are Becoming Increasingly Sensitive

Investors are paying closer attention to the growing amount of government debt that must be financed in coming years.

As governments issue more debt, investors may require higher yields before purchasing Treasury securities, increasing borrowing costs and placing additional pressure on public finances.

4. Stocks Remain Strong Despite Bond Market Stress

Equity markets continue trading near record highs, supported by strong corporate earnings and optimism surrounding artificial intelligence investments.

However, bond market volatility beneath the surface suggests investors remain cautious about inflation, Federal Reserve policy, and longer-term financial stability.

 Why It Matters

The U.S. Treasury market serves as the foundation of the global financial system. Nearly every major financial asset—from mortgages and municipal bonds to corporate debt and international lending—is influenced by Treasury yields.

When yields rise because investors demand greater compensation for inflation or fiscal risks, borrowing becomes more expensive throughout the economy. That can slow investment, increase government interest costs, and place additional pressure on both consumers and businesses.

Why It Matters to Foreign Currency Holders

Foreign currency holders should watch Treasury markets closely because interest-rate expectations directly influence currency valuations.

Higher Treasury yields often strengthen demand for U.S. dollar-denominated assets, while prolonged fiscal stress can encourage countries to diversify reserves and explore alternative settlement systems.

Implications for the Global Reset

• Pillar: Debt

Rising Treasury yields highlight the growing challenge of financing expanding government debt. As borrowing costs increase, governments worldwide may face more difficult fiscal decisions and greater pressure to manage deficits responsibly.

• Pillar: Assets

Bond market volatility affects nearly every major asset class. Changes in Treasury yields influence stock valuations, precious metals, real estate financing, and global capital flows, reinforcing the Treasury market's central role in the international financial system.

Conclusion

While stock markets continue reaching new highs, bond markets are signaling greater caution. Investors remain focused on inflation, Federal Reserve policy, and the sustainability of government borrowing.

The Treasury market often provides one of the earliest indicators of underlying financial stress. Its movements deserve close attention because they influence borrowing costs, investment decisions, and monetary policy around the world.

This is not simply about Treasury yields—it reflects the broader challenge of maintaining confidence in the global financial system as governments balance inflation, rising debt, and long-term economic stability.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• MarketWatch — "Treasury Yields Hover Below Recent Highs Ahead of Jobs Data"

• Reuters — "Fed's Schmid Calls for Tighter Monetary Policy to Tame Inflation"

~~~~~~~~~~

 🌱 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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Iraq Economic News and Points To Ponder Tuesday Evening 8-4-26

Currency Printing Is Knocking On Iraq's Door... Warnings Of An Economic Catastrophe

August 4, 2026 Last updated: Al-Mustaqilla/- Al-Mada newspaper revealed in a report followed by “Al-Mustaqilla”, the escalation of the financial liquidity crisis in Iraq, after the Parliamentary Finance Committee proposed the option of resorting to printing currency to secure employee salaries and avoid a financial crisis that some MPs described as potentially leading to a “revolt of hungry stomachs”, at a time when economists warn that this option may open the door to a dangerous wave of inflation if it is not accompanied by a real increase in production.

According to the report, Jamal Kojar, a member of the parliamentary finance committee, said that printing currency has become one of the options being considered to overcome the current liquidity crisis, despite the awareness of the economic risks involved. He explained that the government is facing a time gap due to the delay in receiving oil revenues, which are received two or three months after the sales.

Kujer explained that the options available to the government have become limited, noting the difficulty of relying on recovering funds from corruption cases within a short period, as well as the fact that increasing non-oil revenues or activating other resources requires a long time.

He explained that the halt or decline in export activity as a result of security and regional developments has directly affected revenues, noting that Iraq is now facing difficulty in maintaining normal export levels, which has led to significant pressure on government liquidity.

The report indicated that the Finance Committee believes the government faces difficult choices between using part of the cash reserve or taking exceptional measures to provide the necessary funds for operational expenses, primarily employee salaries.

In contrast, economic experts warned of the dangers of printing money without real economic growth, stressing that the problem facing Iraq is not financial bankruptcy, but rather mismanagement of resources and excessive reliance on oil as a primary source of revenue.

Economic expert Jalil Al-Lami said that Iraq possesses significant financial resources, including foreign reserves, gold reserves, and a huge oil wealth, but the problem lies in the structure of the economy, which relies heavily on oil in contrast to weak non-oil revenues and high operational spending.

Al-Lami warned that issuing large quantities of currency without increasing production will lead to higher inflation, a decline in the purchasing power of the dinar, and an increase in demand for the dollar, which may be reflected in the prices of goods and local markets.

He pointed out that the experiences of countries such as Zimbabwe and Venezuela have shown the danger of resorting to printing money as a solution to financial crises, stressing that this measure could turn from an attempt to address a temporary crisis into a cause of a deeper economic crisis.

Economists have suggested other alternatives, including domestic borrowing through government bonds, reprioritizing spending, strengthening tax and customs revenue collection, increasing oil exports, and activating the private sector.

The controversy over printing currency comes at a time when the Iraqi economy is facing increasing pressure due to its heavy reliance on oil revenues and the ballooning wage bill and operating expenses, amid warnings that continuing to address crises temporarily without structural reforms could exacerbate financial challenges in the coming period.

https://mustaqila.com/طباعة-العملة-تطرق-باب-العراق-تحذيرات-م/

An Economist Says Iraq Has Entered A Phase Of "Paying The Price" As A Result Of Accumulated Mismanagement And Corruption - Urgent

  Baghdad Today - Baghdad

Economic expert Ziad Al-Hashemi said on Tuesday (August 4, 2026) that Iraq has entered a phase of "paying the price" for what he described as the accumulation of failures, corruption and mismanagement over more than twenty years, considering that the current crisis is the result of the policies of successive governments, in addition to the responsibility of political parties, parliament and oversight institutions.

Al-Hashemi said, in a statement followed by “Baghdad Today”, that financial and administrative losses and failures have accumulated during the past years without real treatment, accusing political forces of being preoccupied with “dividing the spoils”, while the regulatory and legislative bodies were unable or negligent in performing their role in accountability and reform.

He added that, in his view, the responsibility is not limited to governments, but extends to the parliament that approved large budgets, the political forces that dealt with the state according to the logic of power-sharing, as well as regulatory institutions, elites, media and the public, some of whom he said contributed, to varying degrees, to the continuation of the existing approach.

Al-Hashemi pointed out that Iraq is not facing a temporary liquidity crisis, but rather is going through the repercussions of what he described as an economic and political system that relied on quotas, corruption and buying loyalties, considering that the reform opportunities that were available during the years of financial abundance were not invested in building a diversified economy that is more capable of facing crises.

He warned that continuing to address the crisis through borrowing or postponing payments, without implementing structural reforms, could prolong the economic challenges, stressing that the cost of this would be borne by the citizens.

Economic and political experts offer differing views on the causes of the crisis and ways to address it, amid repeated calls for the implementation of financial and economic reforms, diversification of income sources, and a reduction in dependence on oil.  https://baghdadtoday.news/304321-.html

Salary Delays Are Putting Pressure On The Iraqi Economy; Warnings Of A Widening Cost-Of-Living Crisis And Market Contraction.

Baghdad Today - Special:  The debate in Iraq is renewed with every delay in paying the salaries of state employees, amid warnings of economic and social repercussions that go beyond the employees to affect the markets, the private sector and the entire local economy.

Experts confirm that salaries represent the main driver of financial liquidity in the country, so any disruption in their disbursement directly affects trade and the purchasing power of citizens. Economic expert Nasser Al-Tamimi warned today, Tuesday (August 4, 2026), against the continued delay in disbursing the salaries of state employees, stressing that this crisis has become a direct threat to economic and social stability, with the accompanying negative repercussions on the livelihood of millions of citizens and economic activity in the country.

Al-Tamimi told Baghdad Today that “the delay in paying salaries is no longer just a temporary financial measure, but has turned into a recurring crisis that casts its shadow on the markets, the private sector and trade, in addition to its direct repercussions on the ability of families to meet their basic needs and fulfill their financial obligations.”

He explained that “the continuation of the crisis during the next stage will lead to a decline in the purchasing power of citizens, a contraction of economic activity, and an increase in personal debt rates, as well as an increase in psychological and social pressures on the segment of employees, which represents one of the basic pillars of the national economy.”

He added that "the delay in salaries also affects the performance of government institutions, as a result of the decline in job security and morale of employees, which may affect the level of services provided to citizens and weaken the efficiency of administrative performance."

Al-Tamimi stressed that “the concerned authorities must expedite addressing the causes of the crisis and put in place financial and administrative mechanisms that ensure the regular disbursement of salaries according to the specified dates, as the stability of salaries represents a fundamental factor in strengthening confidence in the economy, supporting local markets, and maintaining social stability.”

He added that "addressing the issue of salaries should be a national priority, given its direct link to economic and social security. We must also be wary that continued delays will double the size of the economic challenges and increase the suffering of citizens in the coming months."

Public sector employees constitute the largest proportion of the workforce in Iraq, and a large segment of families depend on government salaries as a primary source of income, making the regularity of their disbursement a key factor in the stability of local markets.

In recent years, delays in salary payments have become frequent in some months due to financial and administrative challenges and liquidity management procedures, raising concerns about effects extending to the commercial and service sectors, with declining consumer spending and increased living pressures on citizens.

https://baghdadtoday.news/304355-.html

Al-Bayati: Four Files Are On The Table For Hosting The Minister Of Finance, Most Notably Employee Salaries.

Information/Baghdad…   MP Mohammed Al-Bayati predicted on Tuesday that the Minister of Finance would be hosted next week, noting that four issues would be on the agenda for the meeting.

Al-Bayati explained in his interview with Al-Maalouma that “the financial situation in the country needs an objective reading to identify its challenges and propose solutions and alternatives, especially securing the salaries of Iraqi state employees and all ministries and institutions, especially with the delay in distributing the salaries of some ministries and bodies.”

He added that "the Minister of Finance may be hosted next week, and four files will be presented during it, most notably the financial balance, what alternatives are available, what the Ministry's approved plan is for the coming period, and solutions to it will be presented."

He stressed that "this file is very important, and the Ministry of Finance's assessment of the country's financial situation is crucial, as it will provide a roadmap for the nature of the current challenges." End/25

https://almaalomah-me.translate.goog/news/140225/politics/البياتي:-أربعة-ملفات-على-طاولة-استضافة-وزير-المالية-أبرزها-ر?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Seeds of Wisdom RV and Economics Updates Tuesday Evening 8-4-26

Good Evening Dinar Recaps,

Bond Market Warning: Rising Treasury Yields Signal Growing Pressure on the Global Financial System

While stock markets remain near record highs, rising Treasury yields are revealing deeper concerns about government debt, inflation, and the long-term stability of the global financial system.

 Overview

• The U.S. Treasury market is sending warning signals as long-term bond yields remain near their highest levels since 2007, despite continued strength in equity markets.

• Investors are demanding higher returns to finance growing government debt,raising questions about how long governments can continue borrowing without significantly increasing interest costs.

• Because U.S. Treasuries serve as the foundation of the global financial system,sustained pressure in the bond market could influence everything from mortgage rates and business lending to currency values and global capital flows.

Key Developments

1. Treasury Yields Remain Near Multi-Year Highs

The 30-year U.S. Treasury yield continues trading near levels not seen since 2007, reflecting persistent concerns about inflation, fiscal deficits, and the growing supply of government debt.

Higher Treasury yields increase borrowing costs across the economy, affecting households, businesses, and governments alike.

2. Government Debt Is Becoming a Larger Market Concern

Investors are increasingly questioning how much additional debt governments can issue before markets demand substantially higher interest rates.

As debt issuance expands, governments must devote a larger share of future budgets to interest payments, placing additional strain on public finances.

3. Federal Reserve Faces a Difficult Balancing Act

Bond traders continue watching the Federal Reserve's inflation strategy closely.

If inflation remains above target, policymakers may need to maintain higher interest rates for longer. If economic growth slows too rapidly, pressure could build for future rate cuts. Either outcome carries important implications for financial markets.

4. Stocks and Bonds Are Sending Different Messages

One of today's most notable developments is the contrast between asset classes.

While U.S. stock indexes remain near record highs, Treasury market volatility suggests many institutional investors remain cautious about longer-term economic risks.

This divergence often attracts close attention because bond markets frequently react to underlying financial conditions before equity markets fully adjust.

5. Global Investors Continue Watching U.S. Debt Markets

The U.S. Treasury market remains the benchmark for global finance.

Central banks, sovereign wealth funds, pension funds, and institutional investors around the world rely on Treasury securities as a cornerstone of reserve management and portfolio allocation. Changes in Treasury yields therefore influence borrowing costs and investment decisions far beyond the United States.

 Why It Matters

Although equity markets often receive the most attention, the Treasury market is widely considered the foundation of the global financial system. Rising yields affect mortgages, corporate financing, consumer credit, government borrowing, and international investment flows.

Persistent pressure in bond markets may also complicate monetary policy by limiting how aggressively central banks can lower interest rates if economic conditions weaken.

Why It Matters to Foreign Currency Holders

• Higher Treasury yields can attract international capital into U.S. dollar assets.

• Changes in interest rate expectations often influence global exchange rates.

• Government borrowing costs affect long-term fiscal stability and investor confidence.

• Currency values may become more volatile as global investors adjust portfolios in response to changing bond yields.

Implications for the Global Reset

• Pillar: Debt

Growing government borrowing and higher Treasury yields highlight the increasing challenge of financing expanding national debt. Markets are demanding greater compensation for lending, underscoring the importance of sustainable fiscal policies in the years ahead.

• Pillar: Assets

Treasury securities remain one of the world's most important financial assets. Shifts in bond yields influence valuations across stocks, real estate, currencies, and other asset classes, reinforcing the Treasury market's central role in global capital allocation.

Conclusion

Today's Treasury market signals suggest that investors remain focused on long-term structural risks, even as equity markets continue performing well. Rising yields reflect growing attention to inflation, fiscal deficits, and the sustainability of government borrowing.

Whether these pressures ease or intensify will depend largely on future inflation data, Federal Reserve policy, and investor confidence in the government's fiscal outlook.

This is not simply about rising Treasury yields—it reflects the broader challenge of financing growing government debt while preserving confidence in the global financial system, a critical component of the ongoing modernization and restructuring of international finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• MarketWatch — "Traders in the World's Most Important Financial Market Are Bracing for a Wild Stretch Ahead" 

• Reuters — "Global Markets: Investors Watch Treasury Yields, Inflation and Central Bank Outlook"

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Dinar Update | 113 Trillion Printed – 94% Outside the Banks | Why REER Is in Play

Dinar Update | 113 Trillion Printed – 94% Outside the Banks | Why REER Is in Play

MilitiaMan and Crew:  8-4-2026

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

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

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