Seeds of Wisdom RV and Economics Updates Sunday Morning 8-9-26

Good Morning Dinar Recaps,

Hormuz Deal Hits a Critical Hurdle: Reopening Still Depends on U.S. Concessions

Iran and Oman are nearing a shipping framework for the Strait of Hormuz, but Tehran says the waterway will remain restricted until broader conditions with Washington are resolved.

 OVERVIEW

• Iran and Oman are nearing a final agreement to establish new shipping lanes through the Strait of Hormuz, creating a potential pathway toward restoring commercial traffic.

• The agreement alone will not reopen the Strait, according to Iran, which says Washington must first address several outstanding demands involving sanctions, military pressure, frozen assets and compensation.

• The uncertainty keeps global energy and trade markets exposed, because the financial impact of the agreement ultimately depends on whether ships can safely and consistently resume normal passage.

KEY DEVELOPMENTS

1. Iran and Oman Near a Shipping Framework

Iran says it is close to finalizing an agreement with Oman establishing new shipping lanes through the Strait of Hormuz.

The development is significant because Oman sits on the southern side of the strategic waterway and has been central to diplomatic efforts surrounding the conflict.

However, Tehran is making clear that the shipping framework is not the same as a full reopening of the Strait.

2. Tehran Links Reopening to U.S. Concessions

Iranian Foreign Minister Abbas Araqchi said the Strait will not reopen unless the United States takes additional steps.

Iran has demanded an end to U.S. sanctions and military threats, compensation for damage from the conflict and the unfreezing of Iranian assets.

This creates the central obstacle: Washington and Tehran have different conditions for moving from a provisional framework to actual normalization of shipping.

3. Washington Has a Different Definition of the Deal

The United States has indicated that it expects an agreement between Iran and Oman to restore commercial shipping without impediments and has said it would lift its blockade of Iranian ports once such an arrangement is established.

That leaves a significant gap between the U.S. position and Iran's stated conditions.

The question now is whether negotiators can bridge that gap without allowing the shipping issue to become another source of escalation.

4. The Shipping Industry Still Faces Major Uncertainty

Even if a framework is announced, commercial operators must determine whether the route is safe, legally workable and insurable.

Shipping-industry sources have warned that earlier proposals involving transit fees and sanctions exposure could make the arrangement difficult to implement. Reuters reported that Iran had sought fees equivalent to 5%–7% of cargo value, while insurers could face problems covering vessels paying such fees.

This means a diplomatic announcement does not automatically translate into normalized global trade.

5. Markets Are Watching the Physical Flow of Energy

The ultimate test will be whether tankers actually return to regular transit through the Strait.

Hormuz is one of the world's most important energy chokepoints, so sustained normalization would have implications for oil prices, inflation expectations, shipping costs and the broader global economy.

Until vessel traffic consistently resumes, markets must continue to price the possibility of another disruption.

  WHY IT MATTERS

The Strait of Hormuz is more than a regional geopolitical issue. It is a critical component of the global energy and trade system.

Any prolonged disruption can increase energy costs, transportation expenses and inflationary pressure. Those effects can then influence central-bank decisions, interest rates and investment flows.

Conversely, a durable reopening could remove a significant geopolitical risk premium from energy markets and improve confidence in global supply chains.

The larger issue is whether diplomacy can convert a tentative shipping framework into predictable and sustainable commercial activity.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Energy shocks can place pressure on the currencies of oil-importing nations, while sustained normalization could reduce that pressure.

• Purchasing power: Lower and more predictable energy costs can eventually reduce pressure on household fuel, transportation and other expenses.

• Capital flows: A reduction in geopolitical risk can encourage international investors to move capital toward markets that had been avoided during the conflict.

• Exchange rates: Changes in oil prices can affect trade balances and therefore influence currency demand, particularly for major energy importers and exporters.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy

The most direct Global Reset impact is Energy.

The Hormuz crisis demonstrates how a single strategic chokepoint can influence energy prices, inflation, monetary policy and global economic expectations. A durable reopening would reduce one of the most significant current risks to the world's energy supply network.

• Pillar 2: Trade

The second directly affected pillar is Trade.

A reliable shipping corridor is essential to predictable international commerce. If Iran, Oman and the United States can establish a workable framework that allows commercial vessels to move safely, it could demonstrate that diplomacy can restore a critical trade route after prolonged disruption.

CONCLUSION

The Iran-Oman agreement is an important step, but it is not yet the reopening of the Strait of Hormuz.

The next stage depends on whether Washington and Tehran can resolve the remaining conditions and whether the resulting framework is acceptable to shipping companies, insurers and international traders.

For global markets, the distinction is critical: a diplomatic framework can change expectations, but only restored physical shipping can normalize the energy system.

The real breakthrough will be measured not by the announcement of an agreement, but by ships safely moving through Hormuz again.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "Iran says Oman deal is in final stages, U.S. must act to open Hormuz"

• Reuters — "Proposed Hormuz passage deal not feasible for shipping industry"

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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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Iraq Economic News and Points To Ponder Sunday Morning 8-9-26

"Without Prior Notice"... 118 Trillion Dinars Withdrawn To Finance Salaries And Projects Revealed

2026-08-08 05:05  Shafaq News - Baghdad   An informed source revealed on Saturday the amounts of money that were withdrawn from government banks during the previous government, indicating that they are estimated at trillions of dinars, which are high amounts that exceeded the legal limit allowed for each bank, especially government banks.

The source told Shafaq News Agency that the withdrawal process came in light of the financial crisis that the government faced at the time, but the size of the amounts withdrawn and the way in which the balances and reserves of government banks were dealt with raise serious questions about the legal basis and procedures followed in carrying out those operations, indicating that the funds were used to finance the salaries of state employees during the period of the financial crisis.

He added that using bank reserves and balances to finance government expenditures without official approvals is a violation of the applicable regulations and laws, and requires an official investigation by the competent regulatory authorities, and the determination of legal and administrative responsibilities for any violations that may have accompanied those procedures.

The source pointed out "the importance of subjecting the file to a comprehensive financial and legal audit, to reveal the amount of money that was withdrawn, the entities that benefited from it, the legal basis for the withdrawals, as well as identifying those responsible for making the relevant decisions."

He explained that resolving this issue requires announcing the official results of the audit and investigation to the public, away from unsubstantiated estimates or accusations, and in a way that ensures the protection of public funds and enhances oversight of the management of government resources and assets.

In a related development, former MP Amir Al-Maamouri revealed earlier in televised statements shocking figures regarding the amount of money spent by departments and institutions, indicating that about 118 trillion dinars were withdrawn to implement projects or activities, without any documentation or paperwork to provide statements for settling the amount.

Al-Maamouri said that large sums of money were withdrawn from departments and institutions to implement projects or activities, but that these funds were not provided with any official documents or records that would allow for the financial settlements to be made for them, which raises questions about the fate of these funds, how they were spent, and who is responsible for spending them.

This comes at a time when the issue of state-owned banks’ funds raises additional questions about the extent to which liquidity withdrawals are related to the restructuring of state-owned banks, and whether the restructuring was used as a justification for withdrawing the liquidity of these banks, as well as questions about the mechanisms used to protect depositors’ funds and ensure that they are not touched during any financial or administrative operations related to the restructuring.

According to the information presented, the file calls for a comprehensive financial and legal audit to determine the amount of funds withdrawn, how they were spent, and the beneficiaries, as well as to disclose the relevant documents and evidence, and to determine the legality of the procedures followed in the withdrawal and settlement operations.

https://www.shafaq.com/ar/اقتصـاد/دون-وليات-الكشف-عن-سحب-118-تريليون-دينار-لتمويل-الرواتب-والمشاريع

Money And Gold Seized... Details Revealed About The Raid On The Sudanese Man's Brother's House

2026-08-08   Shafaq News - Baghdad    A security source reported on Saturday that the house of the brother of former Prime Minister Mohammed Shia al-Sudani in Baghdad was raided, and pieces of gold and money were found.

The source told Shafaq News Agency that "the force holding the ground in the Kadhimiya area, in cooperation with the intelligence of the Second Division and the Federal Intelligence and Investigations Agency, raided the house of Abbas Shia Al-Sudani."

He added, "In the house, 29 pieces of gold or silver were found, 24 pieces of various prayer beads of unknown type, 5 various watches of unknown type, one tablet (iPad), a used phone, and an amount of ten million Iraqi dinars only."

He explained that "the force withdrew without any incident, and the seized items were handed over to the Kadhimiya police station. Currently, a detachment of the Federal Police is present at the house, until the house is taken over by the Federal Integrity Commission." The Federal Integrity Commission denied this morning that it had raided the home of the brother of a former prime minister in Kadhimiya.

In a statement, the commission said, "We deny what has been circulating on some social media sites regarding a team affiliated with us inspecting the house of the brother of the former Iraqi Prime Minister in the Kadhimiya area

https://www.shafaq.com/ar/أمـن/ضبط-موال-وذهب-الكشف-عن-تفاصيل-مداهمة-منزل-شقيق-السوداني

Parliamentary Committee: Parliament Intends To Pass 50 Laws In The Current Legislative Session.

The Parliamentary Legal  Committee revealed on Saturday that the number of laws it intends to pass in the current parliamentary session amounts to about fifty laws, noting that it has completed the first reading of thirty of them.

Thaer Jassim Al-Kaabi, a member of the Parliamentary Legal Committee, told Al-Maalouma News Agency that “the number of laws that the Parliamentary Legal Committee intends to present for the first and second readings, and then vote on during the current parliamentary session, amounts to fifty laws,” indicating that “his committee has completed the first reading of about 30 laws so far.”

He added that "Parliament has not yet been able to vote on any law due to the formation of the government, as well as the political problems and circumstances and the financial crisis that Iraq is going through," expecting that "the parliamentary session will witness the passage of the largest number of draft laws and proposals."

https://almaalomah-me.translate.goog/news/140626/politics/لجنة-نيابية:-البرلمان-ينوي-تمرير-50-قانونا-في-الدورة-التشريع?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Liquidity Crisis Puts Pressure On The Government... Prime Minister's Advisor Reveals Options For Securing Salaries

The Information/Baghdad...  The Prime Minister's financial advisor, Mazhar Muhammad Salih, confirmed on Saturday that the government is facing a critical situation regarding securing salaries for employees and retirees, relying on collecting available resources on a monthly basis. He described the proposal to resort to a "digital dinar" to address the crisis as unrealistic.

Salih told Al-Maalouma, "The government and the Ministry of Finance cannot secure salaries through internal borrowing or direct withdrawals from the country's cash reserves."

He explained that "this contradicts Central Bank Law No. (56), particularly Article (26), which prohibits the government from withdrawing or borrowing."

He added that "the only viable solutions currently available may push towards external borrowing, which is a very costly option and will impose additional financial burdens on the state due to the high interest rates imposed on loans."

Salih clarified that "current political and security indicators and realities point to an imminent breakthrough regarding the resumption of regular oil exports through the Strait of Hormuz, which may contribute to alleviating the severity of the current financial crisis."

Saad al-Awadi, deputy head of the National Approach parliamentary bloc, had proposed securing salaries for employees and retirees through a "digital dinar," aiming to address the cash liquidity crisis in Iraq. End/25

https://almaalomah-me.translate.goog/news/140584/economy/أزمة-السيولة-تضغط-على-الحكومة-مستشار-رئيس-الوزراء-يكشف-خيارا?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Apple Pay Coming Soon To Iraq As Digital Payments Expand

Credit Bank of Iraq says Apple Pay will soon be available in Iraq, adding an international digital-payment option as the country modernizes its banking sector.

2026-08-07 11:37    U.S. Treasury Department Apple Pay in Iraq Credit Bank of Iraq NBK Banking Reform in Iraq

ERBIL (Kurdistan24) - Apple Pay will soon be available in Iraq, Credit Bank of Iraq announced Friday via its website, opening the prospect of contactless payments through compatible Apple devices as the country's financial sector moves toward wider use of digital banking services.

The announcement means customers will be able to register eligible NBK cards on Apple devices and use them for electronic purchases where Apple Pay is supported. Credit Bank of Iraq, an Iraqi subsidiary of National Bank of Kuwait (NBK), operates branches in Baghdad, Basra and Erbil.

NBK already offers Apple Pay in markets including Kuwait and Bahrain.

The bank did not provide a specific launch date or details on participating cards, merchants, fees or transaction limits, so the announcement should not be understood as confirmation that Apple Pay is already operational nationwide.

Apple Pay Comes to Iraq

For Iraqi consumers, the planned introduction would bring an internationally established digital-payment platform into the country's increasingly evolving electronic payments environment.

The development also places Credit Bank of Iraq, which is majority-owned by NBK, at the center of a shift toward payment services that rely less on physical cash and more on digital transactions.

The announcement itself, however, does not establish a direct connection between Apple Pay and the broader U.S.-backed banking reform process.

Instead, the two developments illustrate different aspects of Iraq's financial modernization: the expansion of digital services for consumers and efforts to strengthen the regulatory and institutional foundations of the banking system.

Banking Reform Underway

The broader banking sector is undergoing a lengthy reform process led by the Central Bank of Iraq, with compliance, governance and transparency becoming increasingly important to international financial relationships.

The U.S. Treasury's Office of Terrorism and Financial Intelligence said in July that Iraqi banks could become eligible for reintegration into non-U.S.-dollar correspondent banking channels after completing the first phase of the Central Bank's reform program and meeting required compliance and governance standards.

Treasury said banks seeking eventual access to U.S.-dollar transactions would face additional requirements, including a satisfactory third-party compliance audit, a qualified institutional investor and international "fit and proper" standards.

The reforms are intended to improve the integrity and international connectivity of Iraq's banking sector, according to Treasury. They also reflect concerns that have prompted U.S. action against individual Iraqi banks and financial executives.

Why Some Iraqi Banks Faced U.S. Restrictions

The U.S. measures have targeted specific institutions and individuals that Washington says were involved in money laundering, sanctions evasion or financing Iran-aligned armed groups, rather than imposing a blanket restriction on Iraq's banking sector.

In January 2024, the U.S. Treasury identified Al-Huda Bank as a "primary money laundering concern," alleging that the institution had been used by Iran and its proxy groups to move funds and support terrorist organizations. Treasury said the bank's activities could divert resources away from legitimate Iraqi commerce and undermine the country's financial system.

Treasury has also accused Iraqi banking executives of using their positions to generate revenue and launder money for Iran's Islamic Revolutionary Guard Corps-Quds Force and Iran-aligned Iraqi militias, including Kata'ib Hizballah and Asa'ib Ahl al-Haq.

In 2025, Treasury said those individuals had exploited several Iraqi commercial banks for such purposes.

The concerns have a longer history. In an earlier case, Treasury said Al-Bilad Islamic Bank had been used to facilitate the movement of funds from Iran's Quds Force to Hezbollah, resulting in U.S. sanctions against the bank and its chairman.

Reuters has likewise reported that U.S. and Iraqi authorities have restricted a number of Iraqi banks from conducting U.S.-dollar transactions amid efforts to combat money laundering, dollar smuggling and sanctions evasion, while those institutions remain able to operate in other currencies.

US-Iraq Financial Cooperation

Against that backdrop, Washington has increasingly linked access to international financial channels with stronger banking controls.

The Treasury said in July that its cooperation with Baghdad is aimed at improving transparency and integrity while combating money laundering and illicit finance.

It also said that banks authorized to conduct international-currency transactions would have an opportunity to establish correspondent relationships with international financial institutions after meeting the required standards.

Treasury Secretary Scott Bessent made the broader relationship explicit during his July 16 meeting with Iraqi Prime Minister Ali Al-Zaidi, reaffirming U.S. cooperation with Baghdad and the Central Bank of Iraq to combat illicit finance and strengthen the country's financial sector.

The planned arrival of Apple Pay is separate from those regulatory measures, but it comes at a time when Iraq's banking system is seeking greater integration with modern digital and international financial infrastructure.

For consumers, the immediate significance is straightforward: a major global digital-payment service is preparing to enter the Iraqi market.

For the banking sector, the announcement comes amid a broader effort to build institutions capable of supporting more secure, transparent and internationally connected financial services.

https://www.kurdistan24.net/en/story/930943/apple-pay-coming-soon-to-iraq-as-digital-payments-expand

Government Sources: Al-Zaydi Rejected A Proposal From Al-Humaidawi And Al-Kaabi To Freeze" The Factions' Weapons For Two Years To Buy Time

  latest news Saturday, August 8, 2026   Baghdad - One News - Sources close to the Iraqi government said that the Hamidawi and Kaabi factions submitted a proposal to freeze weapons for two years in an attempt to buy time, but Prime Minister Ali al-Zaidi rejected this proposal and insisted on the date set for handing over weapons on September 30.

According to the sources, the proposal aims to stall until the end of US President Donald Trump’s term and the end of the US-Iranian conflict becomes clear.

However, the government considered any obstinacy in refusing to hand over weapons to be linked to an attempt to gain more political and economic advantages, especially since these two factions own companies and private banks, some of which are fronts for Iran, which means that targeting them means striking the economic nerve and the main center of funding for them.

https://1news-iq.net/مصادر-حكومية-الزيدي-رفض-مقترحاً-من-الح/

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 8-8-26

Good Afternoon Dinar Recaps,

U.S. Debt Repricing: Is the Financial System Demanding a Higher Cost to Borrow?

Rising long-term Treasury yields are raising a larger question for global markets: how much more will investors require to finance America’s growing debt burden?

OVERVIEW

• U.S. long-term borrowing costs remain elevated, with the 30-year Treasury yield around 5.2%, keeping pressure on the cost of financing government debt.

• Investors are increasingly weighing large government debt issuance, inflation uncertainty and reduced demand for long-duration bonds when determining the return they require to hold Treasury securities.

• If higher yields become structural rather than temporary, the consequences could extend beyond Washington, affecting interest rates, asset valuations, currencies, government budgets and global capital flows.

KEY DEVELOPMENTS

1. Long-Term Treasury Yields Remain Under Pressure

The 30-year Treasury yield reached approximately 5.21% on Friday, while the 10-year yield remained around 4.65% after moving lower following weaker-than-expected July employment data.

The important issue is not simply where yields are today, but whether investors are becoming comfortable demanding higher long-term returns to hold government debt.

2. The Market May Be Repricing Long-Term Risk

A growing body of market analysis points to several structural forces pushing borrowing costs higher: heavy government and corporate debt issuance, less demand for long-duration bonds and greater policy uncertainty.

This creates an important distinction between a temporary increase in yields caused by economic news and a more lasting repricing of the cost of capital.

3. The Federal Reserve Is Only One Part of the Equation

The Federal Reserve strongly influences short-term interest rates, but long-term Treasury yields are also determined by investor expectations about inflation, economic growth, government borrowing and future interest rates.

That means the Fed could eventually lower short-term rates while longer-term Treasury yields remain elevated if investors continue demanding a larger premium for holding long-duration government debt.

4. Higher Treasury Yields Spread Through the Financial System

Treasury securities serve as a foundational reference point for pricing many other forms of credit.

When Treasury yields remain high, mortgages, corporate borrowing, consumer credit and other financial assets can face higher financing costs. Higher yields can also make bonds more competitive with stocks, potentially changing how investors allocate capital.

5. The Bigger Question Is Debt Sustainability

The United States can continue financing its obligations, but higher interest rates make each refinancing cycle more expensive.

As more existing debt matures and is replaced with securities carrying today's higher yields, the government can face a gradual increase in interest expenses and fiscal pressure.

That is why the Treasury market deserves attention even when stock markets are performing well: the bond market determines the price of money underneath much of the financial system.

WHY IT MATTERS

The Treasury market is one of the most important markets in the world. Its yields influence government financing, corporate borrowing, mortgages, investment valuations and global capital flows.

A sustained increase in long-term yields could make it more expensive for governments to finance deficits and for businesses and households to borrow.

It could also complicate Federal Reserve policy. If inflation remains elevated while long-term yields stay high, policymakers face a difficult balance between supporting economic growth and maintaining price stability.

The broader concern is whether the financial system is entering an environment in which higher borrowing costs become the new baseline rather than a temporary market adjustment.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Higher U.S. yields can attract international capital toward dollar-denominated assets, potentially supporting the dollar, although fiscal concerns can work in the opposite direction.

• Purchasing power: Higher borrowing costs can eventually increase the cost of mortgages, credit and government financing, placing pressure on household purchasing power.

• Capital flows: Global investors continuously compare Treasury yields with returns available in other countries. Changes in U.S. yields can therefore redirect international capital.

• Exchange rates: Significant changes in Treasury yields can alter expectations for the dollar and influence exchange rates against other major currencies.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Debt

The most direct Global Reset implication is Debt.

If investors require persistently higher yields to finance U.S. government borrowing, the global financial system must adjust to a higher cost of capital. Over time, that can influence fiscal policy, government spending, refinancing decisions and the ability of governments to carry increasingly large debt loads.

• Pillar 2: Assets

The second directly affected pillar is Assets.

Treasury yields provide a benchmark against which many other assets are valued. A structural rise in long-term yields can change the relative attractiveness of bonds, equities, real estate, commodities and other investments as global capital searches for the best combination of yield, liquidity and protection from inflation.

CONCLUSION

The important question is not whether the U.S. Treasury market is suddenly failing. It is whether investors are gradually demanding a higher price for financing America's debt.

That distinction matters because even a gradual repricing can have enormous consequences when applied to one of the world's largest debt markets.

If higher long-term yields become structurally embedded, governments, corporations, investors and households will all have to adapt to a financial system in which money is more expensive and debt carries a higher ongoing cost.

The potential financial reset may begin not with a single dramatic event, but with the market steadily repricing the cost of debt.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "US stocks, bonds rally after soft jobs report; yen bounces back"

• MarketWatch — "There are good reasons higher bond yields are here to stay"
  ‍ ‍

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Saturday Afternoon 8-8-26

Brent Up 1% As Markets Weigh Hormuz Risks

2026-08-07 Shafaq News  Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, ​suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed ‌rules.

Brent crude futures rose 80 cents, or 0.97%, to $83.29 a barrel by 0303 GMT. U.S. West Texas Intermediate futures rose 64 cents, or 0.83%, to $77.93.

Oil futures settled up at over $3 a barrel on Thursday as Iran reviewed a bill to ban U.S. and Israeli vessels ​from the Strait of Hormuz where roughly a fifth of the world’s oil and liquefied natural gas ​transmitted before the war began at the end of February.

Prices fell earlier in the week ⁠as a possible solution to the ongoing conflict looked more likely but benchmark Brent breached $80 on Thursday after ​falling below that for the first time since July 13. Both benchmarks were headed for a weekly loss of about 8%.

Analysts ​said the events that have unfolded this week signalled that the hostilities between Iran and the U.S. are not yet over.

"The proximate trigger is more specific, it's (oil prices) reacting to Iran's published draft plan for Hormuz transit conditions, which would ban U.S. and Israeli ​vessels and require other 'hostile' countries to pay compensation before passage," said Lin Ye, vice president of commodities market – ​oil at consultancy Rystad Energy.

"That's not the market pricing in a bad deal, it's pricing in confirmation that whatever emerges is a ‌managed/conditional ⁠corridor, not a restoration of normal flow," Ye added.

An Iranian lawmaker said a parliamentary committee is reviewing a preliminary bill to ban U.S., Israeli and other vessels deemed hostile from the Strait of Hormuz, and fine violators of the proposed restrictions up to 20% of cargo value, according to Fars news agency.

Iran is seeking fees of between 5% ​and 7% of the price ​of cargoes from ships ⁠using the strait, according to the senior Iranian official. Oman is discussing fees of around 3%, while Washington wants no fees at all.

Four industry sources have said the proposed deal is ​not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments.

"This ​week’s signals ⁠on a potential Iran-Oman transit deal have driven a roller-coaster ride in market sentiment but as of now, (it is) left it in the dark as to what needs to happen for the agreement to be clinched," said Vandana Hari, founder ⁠of oil ​market analysis provider Vanda Insights.

Meanwhile, Yemen's Houthis said they carried out missile ​and drone attacks on "Saudi deployments" in Marib and Hadramout in Yemen on Thursday.

U.S. President Donald Trump on Thursday told reporters that he believed the ​war would be over soon.  (REUTERS)

https://www.shafaq.com/en/Economy/Brent-up-1-as-markets-weigh-Hormuz-risks

India's Reliance Pays Record $25M To Ship Iraqi Crude

2026-08-07 Shafaq News- New Delhi   India's Reliance Industries has agreed to pay a record $23 million to $25 million to charter a supertanker to transport Iraqi crude oil, highlighting soaring shipping costs and a shortage of vessels operating in the Gulf, three shipping sources told Reuters on Thursday.

Reliance booked the tanker to load 2 million barrels of Iraqi crude at 1,200 World Scale, equivalent to about 12 times the benchmark freight rate. Before the US-Iran war began in late February, similar voyages typically cost around $2 million, or 0.8 to 0.9 times the benchmark rate. The tanker will be supplied by South Korea's Sinokor, one of the few shipowners that continues to operate through the waterway despite growing security risks.

Despite the record freight costs, the sources said Reliance is still expected to save millions of dollars because Iraq's state oil marketer SOMO is offering crude at discounts of $25 to $30 per barrel against Dubai benchmarks to encourage buyers to lift cargoes from terminals in Hormuz.

A day earlier, Reuters reported that shipping traffic through the strait had fallen sharply as markets monitored Iran-Oman talks on reopening the strategic waterway. Vessel-tracking data showed only 33 ships transited the strait between Monday and Thursday, down from 50 during the same period a week earlier.

Iraq's oil revenues have declined sharply this year. SOMO figures showed the country earned $18.679 billion from exporting 268.1 million barrels of crude in the first half of 2026, compared with more than 606 million barrels exported during the same period of 2025.

https://www.shafaq.com/en/Economy/India-s-Reliance-pays-record-25M-to-ship-Iraqi-crude

Syria Exports 2M Tons Of Iraqi Oil Via Baniyas

2026-08-07 Shafaq News- Damascus   Syria exported more than 2 million metric tons of Iraqi oil through Baniyas Port under the transit system since the beginning of the year, the Syrian General Authority for Land and Sea Border Crossings stated on Thursday.

About 30 tankers carrying fuel oil and refined petroleum products transported the shipments through the port, which received 108 tankers loaded with about 3.23 million metric tons of various petroleum products since the beginning of 2026.

Read more: Kirkuk–Baniyas Pipeline: Iraq’s direct oil lifeline to the Mediterranean

Last month, Iraq and Syria signed a US-sponsored memorandum of understanding to restart the Kirkuk-Baniyas oil pipeline, paving the way for Iraqi crude exports to Mediterranean ports through Syrian territory. The project aims to diversify Iraq's export routes and strengthen economic cooperation between the two countries.

Read more: Preparatory studies begin on Kirkuk-Baniyas pipeline rehabilitation

https://www.shafaq.com/en/Economy/Syria-exports-2M-tons-of-Iraqi-oil-via-Baniyas

Currency Issuance Rose 13.8 Percent Through May

2026-08-07 Shafaq News- Baghdad   Iraq's currency issuance rose 13.8 percent in the first five months of 2026, reaching about 113.56 trillion Iraqi dinars (about $86B) by the end of May, an increase of 13.761 trillion dinars from the close of 2025 (about $10.4B), the financial and economic adviser to the prime minister, Mudhhir Mohammed Salih, told Shafaq News.

Salih said the rise was an exceptional response to a sharp fall in oil revenue, not a monetary expansion meant to stimulate demand.

Currency issuance refers to the total value of banknotes the Central Bank of Iraq has put into circulation. The figure stood at 99.799 trillion dinars at the end of December 2025, according to data tracked by Shafaq News.

The measure climbed to 101.431 trillion dinars in January 2026, 104.614 trillion in February, 108.985 trillion in March, and 112.896 trillion in April, before reaching 113.560 trillion in May, according to the Shafaq News survey. The largest monthly rise came in March, at about 4.371 trillion dinars, followed by 3.911 trillion in April.

The expansion coincided with a financial crisis tied to a steep drop in oil exports, Salih said. Iraqi exports fell to about 15 percent of their usual levels as a result of the Strait of Hormuz conflict —the waterway through which Iraq shipped about 95% of its total oil exports— before recovering to around 30 percent. The issuance met the government's need for liquidity to cover public-sector salaries and essential spending amid the revenue shortfall, rather than to expand demand, he added.

Read more: Iraq turns to bank borrowing to cover August salaries amid oil-revenue collapse

Most of those funding needs were met by widening domestic public debt through treasury bills, which state banks bought and then rediscounted at the central bank; as a result, the bank now holds more than 60 percent of government debt instruments in its investment portfolio, according to Salih.

Salih described the rise as "an exceptional response to a temporary external financial shock," rather than a sign of monetary or financial breakdown.

The risk of the expansion should be judged by monetary stability indicators rather than the size of issuance alone, Salih said. Foreign reserves still covered the money supply above the 75 percent threshold that international practice treats as a marker of a sound monetary position, and annual inflation held steady at about 4.5 percent, indicating the increase had not yet translated into broad inflationary pressure.

Read more: Delayed 2026 budget pushes Iraq toward 2027 plan

Sustaining the path over a long period carries growing risks, Salih cautioned. Repeated reliance on monetizing public debt through the central bank could generate inflationary pressure over time, or erode reserve coverage, if oil revenue does not recover sufficiently.

“Monetary policy in the next phase would depend, in coordination with fiscal policy, on preserving reserve adequacy, limiting monetary financing of the deficit, and rebuilding balance between public revenue and government spending as oil conditions improve.”

The pace slowed at the end of the period, with the monthly increase falling to about 664 billion dinars in May, according to Shafaq News survey.   *1 US dollar = 1310 dinars

https://www.shafaq.com/en/Economy/Currency-issuance-rose-13-8-percent-through-May

Basrah Crude Drops Over 2% On The Week

2026-08-08 Shafaq News- Basrah   Basrah Heavy and Medium crude posted weekly losses of $1.42 a barrel, or 2.56% and 2.49%, respectively, despite rising in the final trading session, while global oil prices closed lower.

Basrah Heavy gained $2.16 a barrel, or 4.10%, in the final session to settle at $54.79. Basrah Medium also rose $2.16 a barrel, or 3.92%, to close at $57.09.

Global oil futures ended the session lower. West Texas Intermediate fell $0.23, or 0.30%, to $77.06 a barrel, while Brent declined $0.30, or 0.36%, to $82.19.

https://www.shafaq.com/en/Economy/Basrah-crude-drops-over-2-on-the-week 

US Dollar Edges Lower In Baghdad And Erbil

2026-08-08 Shafaq News- Baghdad/ Erbil   The US dollar opened Saturday's trading lower in Iraq, hovering around 152,000 dinars per 100 dollars in Baghdad and Erbil.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 152,000 dinars per 100 dollars, down from Thursday's 152,050 dinars.

In the Iraqi capital, exchange shops sold the dollar at 152,500 dinars and bought it at 151,500 dinars.

In Erbil, selling prices stood at 152,150 dinars and buying prices at 152,050 dinars.

https://www.shafaq.com/en/Economy/US-Dollar-edges-lower-in-Baghdad-and-Erbil-9

Gold Prices Rise In Baghdad, Erbil Markets

 2026-08-08 Shafaq News- Baghdad/ Erbil   On Saturday, gold prices hovered around 930,000 IQD per mithqal in Baghdad and Erbil markets, continuing their upward trend, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 937,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 933,000 IQD. The same gold had sold for 920,000 IQD on Thursday.

The selling price for 21-carat Iraqi gold stood at 907,000 IQD, with a buying price of 903,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 940,000 and 950,000 IQD, while Iraqi gold sold for between 910,000 and 920,000 IQD.

In Erbil, 22-carat gold was sold at 973,000 IQD per mithqal, 21-carat gold at 930,000 IQD, and 18-carat gold at 797,000 IQD.

 https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-Erbil-markets-7-1

 Iraq Oil Minister Details Hormuz Talks, Production Outlook

 2026-08-08 Shafaq News- Baghdad  Iraq's Oil Minister Basim Mohammed Khudair confirmed on Saturday that the country is currently producing 2.7 million barrels of oil per day, with exports ranging between 1.5 and 1.7 million barrels daily, revealing that talks are underway with Iran to allow Iraqi oil exports through the Strait of Hormuz, though no agreement has yet been implemented.

Despite challenges linked to the strait, the ministry has managed to secure oil products for citizens, Khudair said at a press conference, adding that the ministry is working to develop the oil industry, increase production and exports, build infrastructure, boost investment, and attract global companies to optimally invest in oil and gas.

He noted that exploration teams affiliated with the ministry are conducting surveys in several provinces to offset depleted reserves, explaining that the ministry is pursuing two parallel tracks on the gas file: ending gas flaring and investing in gas fields. "Iraq spends large sums on gas, so we are working to invest in it, with 14 contracts awarded to global companies for this purpose.”

Khudair said his recent visit to the United States marked “a new chapter of cooperation with global companies,” stressing that the presence of American firms in Iraq “reflects the attractiveness of the country's investment environment.”

Global companies are capable of training Iraqi personnel and contributing to infrastructure development, as well as attracting large numbers of workers, Khudair stated, noting that the ministry signed memoranda of understanding and contracts covering seven provisions, including two contracts for developing fields and investing in associated oil and gas, alongside an annex to the Qurna-2 agreement and the Nasiriyah project and four blocks.

The minister also added that three memoranda of understanding signed with American companies would provide significant investment capacity, pointing also to a step related to an export project through the port of Aqaba.

The Basra-Fishkhabour pipeline project will be built under a build-operate-transfer (BOT) system, with a company handling construction and operation under an investment arrangement, according to the minister. Current oil output cannot reach previous levels, he said, but exports could return to prior volumes once the war ends.

On the oil agreement with Turkiye, Khudair said the deal had been renewed with certain conditions, while Ankara had proposed limiting the arrangement to oil transport with Iraqi participation in some projects, clarifying that the planned quantity of 700,000 barrels cannot be supplied through Kirkuk.

Regarding the oil and gas file in the Kurdistan Region of Iraq (KRI), Khudair confirmed the existence of a tripartite agreement between the federal government, the region, and oil companies, which can be amended through negotiation.

The ministry does not differentiate between citizens in Kurdistan and those in any other province, he stressed. “The KRI file requires extensive dialogue, with continued negotiation essential to reaching solutions that serve the national interest.” 

Read more: Iraq-US investment deals depend on implementation, experts say

https://www.shafaq.com/en/Economy/Iraq-oil-minister-details-Hormuz-talks-production-outlook

MilitiaMan and Crew: Dinar Update | Facts You Won't Hear Elsewhere

MilitiaMan and Crew: Dinar Update | Facts You Won't Hear Elsewhere

8-7-2026

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.

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=vHUDi30Bxeg

Iraq Economic News and Points To Ponder Saturday Morning 8-8-26

80% Of Money Is Outside Banks... Former Mp Calls For A New Strategy To Attract Hoarded Funds

Information/Baghdad...  Former MP Abbas Sarout confirmed on Thursday that 80% of Iraqi money is hoarded in homes, away from banks, noting the need to reconsider the strategy for attracting funds to the banking system.

Sarout explained to Al-Maalouma that "Iraq is suffering from a liquidity crisis that has begun to affect salary distribution, given that 80% of the money is hoarded outside banks.

This requires serious attention to adopt a strategy that creates incentives to encourage citizens from all walks of life to deposit their money in banks and adopt electronic payment methods, a strategy used in most countries worldwide."

He added that "this mechanism ensures the government's ability to distribute salaries, grant loans and advances, and conduct financial transactions," pointing out that "the majority of financial transactions in Iraq still rely on traditional methods, and this has many drawbacks."

He stressed "the necessity of citizens having confidence to deposit their money in banks, as this will create balance, sustain the flow of funds, and foster greater flexibility, particularly in ensuring the financial capacity to meet obligations." End/25

https://almaalomah-me.translate.goog/news/140427/economy/80-من-الأموال-خارج-المصارف-نائب-سابق-يدعو-لاستراتيجية-جديدة?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Iraq Moves To Cover 13 Trillion Dinar Deficit

Shanya Salar

At a Glance

• Deficit reaches 13 trillion IQD

• Revenues fall short of spending

• 50 trillion IQD needed by year-end

• Oil exports and reserves under review

Information obtained by Channel8 indicates that Iraq is facing a 13 trillion Iraqi dinar fiscal deficit during the first five months of the year, prompting the government to consider expanded oil exports, customs reforms, debt recovery, and the possible use of foreign currency reserves to cover its financial obligations.

Key Statements and Focus Area

• Government spending reached more than 46 trillion IQD, compared with 33 trillion IQD in revenues during the first five months.

• Iraq requires an additional 50 trillion IQD over the remaining five months to cover salaries and core operating expenses.

• Authorities are targeting exports of up to 750,000 barrels per day through Ceyhan while increasing output from the Kirkuk fields.

• Iraq holds approximately $93 billion in foreign currency reserves that could be used to absorb financial pressures.

Iraq recorded a fiscal deficit of approximately 13 trillion Iraqi dinars during the first five months of the year, as government expenditures exceeded revenues.

Public spending surpassed 46 trillion dinars, while total revenues reached around 33 trillion dinars, leaving a significant gap that Baghdad must address as it approaches the final five months of the year.

The government is estimated to require an additional 50 trillion dinars to maintain public-sector salaries and essential operating expenditures through the end of the year.

Baghdad is prioritizing increased crude exports as one of its main measures to strengthen state revenues.

Iraq is working toward exporting 750,000 barrels of crude oil per day through Turkey's Port of Ceyhan while also seeking to increase production from the Kirkuk oil fields.

To attract buyers and maintain market share, Iraq is offering discounts of between $27 and $30 per barrel on Basra Medium and Basra Heavy crude grades.

The government is also considering the Syrian route as an additional export channel.

Authorities are pursuing reforms at land and air border crossings to increase non-oil revenues and strengthen customs collection.

The government also intends to recover part of the approximately 64 trillion IQD in outstanding state advances and loans issued to citizens and companies.

These measures are intended to provide additional revenue without relying entirely on oil exports or new borrowing.

Iraq currently holds approximately $93 billion in foreign currency reserves, providing the government with a potential financial buffer during the current revenue shortfall.

Authorities could draw on the reserves to absorb part of the fiscal shock, similar to the approach taken in 2014, when reserves fell to approximately $38 billion as Iraq financed the war against ISIS.

The Iraqi Parliament is scheduled to hold an extraordinary session to discuss the country's financial situation and hear from the Minister of Finance.

The Parliamentary Finance Committee is also examining options, including external borrowing and the possibility of issuing additional currency.

Economic experts have warned that relying on new debt to finance recurring operational expenditures, particularly public-sector salaries, could create deeper structural problems for Iraq's finances.

FYI

Iraq's public finances remain heavily dependent on oil revenues, while salaries, pensions, and government operating costs account for a large share of recurring expenditure.

The current deficit has increased pressure on Baghdad to expand oil exports, strengthen non-oil revenue collection, recover outstanding state funds, and manage its foreign-currency reserves while avoiding financing recurring expenditures through unsustainable borrowing. https://channel8.com/english/news/63256

After Delays In Payment, A Member Of Parliament Proposes A "Virtual Currency" To Solve The Salary Crisis.

2026-08-07   Shafaq News - Baghdad      On Friday, Saad Al-Awadi, the deputy head of the National Approach parliamentary bloc, proposed a plan to secure the salaries of employees and retirees through the "digital dinar" and end the "cash crisis" in Iraq.    

In a statement received by Shafaq News Agency, MP Al-Awadi said that this initiative is "a comprehensive economic initiative to address the cash liquidity crisis and ensure the stability of salary payments for employees and retirees, through the launch of the (digital Iraqi dinar) and to facilitate access to financial entitlements for employees without the need to deal with paper money."    

He explained that "the initiative aims directly to save employees from the repercussions of delayed salaries and liquidity bottlenecks in banks and disbursement outlets, by depositing the salary as a digital, encrypted, and protected currency in local financial wallets, which allows citizens to use their salaries immediately to purchase needs and make electronic payments without waiting for (cash) to be available."    

Al-Awadi explained that “the current cash bottleneck is not due to a lack of resources, but rather to the hoarding and stockpiling of paper currency outside the banking system at record rates, stressing that reliance on the digital dinar approved by the Central Bank will eliminate salary delays, reduce operational costs for printing and transporting money, and provide protection for citizens’ purchasing power away from domestic borrowing policies.”  

He added that "the proposed roadmap also includes obligating the service and commercial sectors to accept digital transactions, and providing incentive packages and government guarantees to restore confidence in the banking sector."  

He called on the government, the central bank and the relevant parliamentary committees to hold an urgent joint session to develop the legislative and technical frameworks necessary for implementing the project.  

It should be noted that Iraq still lacks official cash platforms or electronic trading systems, and the most famous and widespread digital currencies traded globally, Bitcoin, are still not adopted on the ground in buying, selling and cash transactions https://www.shafaq.com/ar/سیاسة/بعد-ت-خر-صرفها-نا-ب-يقترح-عملة-افتراضية-لحل-زمة-الرواتب

MP Proposes Digital Dinar To Fix Iraq's Cash Shortage

2026-08-07 / Shafaq News- Baghdad   MP Saad al-Awadi, deputy head of the National Approach parliamentary bloc, proposed on Friday a plan to secure salary payments for state employees and retirees through a "digital dinar" and end Iraq's ongoing cash crisis.  

In a statement, al-Awadi said the initiative represents “a comprehensive economic plan to address the liquidity crisis and ensure stable salary disbursement through the launch of a digital Iraqi dinar,” easing access to financial entitlements for employees without requiring paper cash transactions.  

The plan aims directly to shield employees from the effects of salary delays and liquidity bottlenecks at banks and disbursement outlets, he explained, by depositing salaries as encrypted, protected digital currency into designated financial wallets, allowing citizens to immediately use their salaries for purchases and electronic payments without waiting for cash to become available.  

“The current cash bottleneck does not stem from a lack of resources but from paper currency being withheld and hoarded outside the banking system at record rates,” al-Awadi stressed, adding that reliance on a central bank-issued digital dinar would eliminate salary delays, reduce the operational costs of printing and transporting cash, and protect citizens' purchasing power without resorting to domestic borrowing policies.  

Read more: Iraq faces ‘cash-flow’ strain, not bankruptcy  

His proposed roadmap also includes requiring service and commercial sectors to accept digital transactions, along with incentive packages and government guarantees to restore confidence in the banking sector.  

Al-Awadi called on the government, the Central Bank, and the relevant parliamentary committees to hold an urgent joint session to establish the legislative and technical frameworks needed to implement the project.  

Iraq still lacks official digital payment platforms or electronic trading systems, and globally circulated cryptocurrencies, most notably Bitcoin, the most widely used, remain unadopted in practice for buying, selling, and cash transactions in the country.  

 Read more: Delayed public salaries push Iraq’s Diyalafamilies into debt  

https://www.shafaq.com/en/Iraq/MP-proposes-digital-dinar-to-fix-Iraq-s-cash-shortage

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

Good Morning Dinar Recaps,

Hormuz Shipping Deal: Markets Test Whether Energy Supply Can Normalize

An emerging Iran-Oman shipping agreement could ease global energy pressures, but markets remain cautious until commercial traffic through the Strait of Hormuz returns to normal.

OVERVIEW

• Diplomatic progress between Iran and Oman is raising expectations that commercial shipping through the Strait of Hormuz could resume with fewer restrictions.

• Oil markets remain cautious, because an agreement has not yet translated into fully restored tanker traffic or normalized energy flows.

• If shipping does normalize, the impact could extend well beyond oil, potentially reducing inflation pressure, easing supply-chain risks, and improving the outlook for global markets.

KEY DEVELOPMENTS

1. Iran-Oman Talks Move Toward a Shipping Agreement

Negotiations between Iran and Oman have advanced toward an agreement designed to establish conditions for commercial shipping through the Strait of Hormuz.

A U.S. official told Reuters that a deal is expected soon and that, if implemented, the United States would lift its blockade of Iranian ports. The U.S. position remains conditional on Iran fulfilling its commitments under the agreement.

2. Markets Are Betting on Lower Energy Risk

The possibility of restored shipping has already influenced energy markets, as traders assess whether the geopolitical risk premium embedded in oil prices can continue to decline.

However, oil prices remain sensitive to developments because the market has not yet seen a full return to normal shipping conditions. The uncertainty means energy markets remain headline-driven rather than fully stabilized.

3. The Real Test Is Commercial Traffic

The announcement of an agreement is only the first step. The more important test for global markets will be whether tankers actually begin moving consistently through the Strait without new attacks, restrictions or delays.

This distinction matters because markets can price in an expected reopening well before physical energy flows recover. A sustained increase in vessel traffic would provide stronger evidence that the disruption is genuinely reversing.

4. Energy Normalization Could Reduce Inflation Pressure

A reliable reopening would remove some of the supply risk that has pushed energy costs higher during the conflict.

Lower and more predictable energy prices could eventually help reduce transportation and production costs, easing inflationary pressure on economies that depend heavily on imported oil and LNG.

5. Hormuz Is Becoming a Test of Global Trade Stability

The Strait of Hormuz is not simply an energy issue. It is a critical connection between energy producers, shipping networks, manufacturers and consumers around the world.

A durable reopening would therefore represent more than a decline in oil prices. It could signal that one of the largest disruptions to global trade and energy flows is beginning to unwind.

WHY IT MATTERS

The global economy is highly sensitive to energy prices because oil and natural gas influence transportation, manufacturing, food production and consumer costs.

For financial markets, the difference between continued disruption and normalized shipping is substantial. A sustained reopening could lower the inflation risk premium and improve expectations for economic growth and monetary policy.

For governments and central banks, more stable energy prices could provide additional room to manage interest rates, inflation and borrowing costs without another major energy-driven shock.

The broader issue is whether the global system can move from geopolitical disruption back toward predictable trade and energy flows.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Lower energy costs can reduce inflation pressure in energy-importing countries, potentially supporting currency stability.

• Purchasing power: Lower fuel and transportation costs can improve household purchasing power if savings eventually flow through to consumers.

• Capital flows: Reduced geopolitical risk can encourage investors to move capital back toward higher-risk international markets.

• Exchange rates: A sustained decline in energy prices could benefit oil-importing economies while reducing some of the advantage enjoyed by major energy exporters.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy

The Strait of Hormuz situation demonstrates how control of critical energy routes can influence inflation, currencies, interest rates and global economic stability.

If shipping returns to normal, the resulting reduction in energy risk could become an important stabilizing force for the global economy. The key question is whether the improvement proves durable rather than temporary.

• Pillar 2: Trade

A functioning Strait of Hormuz is essential to predictable international commerce. A successful agreement could demonstrate that diplomacy can restore a major global trade route after severe disruption.

That would be significant for a global financial system increasingly focused on supply-chain resilience, alternative trade routes and the security of strategic transportation corridors.

CONCLUSION

The emerging Iran-Oman shipping agreement is an important development, but the market has not yet reached the point of declaring the Hormuz crisis resolved.

The next phase will be measured by physical evidence: more vessels transiting the Strait, fewer shipping restrictions and a sustained return toward normal energy flows.

If those conditions develop, the economic consequences could extend far beyond oil, potentially easing inflation and reducing pressure across global markets.

The real breakthrough will not be the announcement of a deal—it will be the return of reliable global trade.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "US official: We expect deal soon between Iran and Oman on Strait of Hormuz"

• Reuters — "Brent climbs $1 on uncertainty over end to Iran war"

~~~~~~~~~~

🌱 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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Seeds of Wisdom RV and Economics Updates Friday Afternoon 8-7-26

Good Afternoon Dinar Recaps,

U.S. Labor Market Weakens as Treasury Yields Fall — A New Test for Federal Reserve Policy

Unexpected job losses are reshaping rate expectations while investors confront a more uncertain path for U.S. monetary policy and government borrowing costs

 OVERVIEW

• U.S. employers unexpectedly cut 23,000 jobs in July, reversing expectations for continued job growth and raising fresh questions about the strength of the American economy.

• Treasury yields fell as investors reduced expectations for an immediate Fed rate increase, with the 10-year Treasury yield moving down toward 4.64% following the employment report.

• The development comes as Fed Chairman Kevin Warsh pushes for a more data-driven, market-led policy approach, potentially shifting more responsibility for determining borrowing costs onto bond markets at a time of elevated inflation and heavy government debt issuance.

KEY DEVELOPMENTS

1. U.S. Labor Market Delivers an Unexpected Warning

The July employment report showed that U.S. employers cut 23,000 jobs, sharply missing expectations for an increase of approximately 80,000 jobs.

The weakness was compounded by revisions that reduced previously reported employment gains for May and June by a combined 103,000 jobs. The data suggests that the labor market may be losing momentum even as inflation remains above the Federal Reserve’s target.

2. Treasury Yields Respond as Rate Expectations Shift

The bond market reacted quickly to the weaker employment numbers. The 10-year Treasury yield fell to about 4.64%, while the two-year yield, which is particularly sensitive to expectations for Federal Reserve policy, also declined.

Lower yields can temporarily reduce borrowing pressure across the economy, but the broader picture remains complicated. Long-term Treasury yields have recently remained elevated, reflecting investor concerns about inflation, government borrowing and the amount of debt the market must absorb.

3. Warsh’s Federal Reserve Strategy Puts More Weight on Markets

Reuters reports that Fed Chairman Kevin Warsh is deliberately providing less forward guidance, arguing that monetary policy should respond more directly to incoming economic data rather than rely heavily on forecasts.

That approach means investors may have to determine more of the future path of interest rates themselves. Reuters noted that longer-term Treasury yields surged after the Fed's most recent meeting, with the 30-year yield reaching its highest level since 2007.

This represents an important structural change because the Treasury market is being asked to play a greater role in determining the price of money while the federal government continues to operate with substantial borrowing requirements.

4. The Fed Faces a Difficult Inflation-versus-Employment Balance

The weaker labor market could give the Federal Reserve more time before raising rates, but inflation remains the opposing force.

Markets are now watching the next round of inflation data closely. The July employment report may reduce pressure for an immediate September rate increase, but persistent inflation could keep monetary policy restrictive.

This creates a difficult policy environment: raising rates could further weaken employment, while easing too quickly could allow inflation to remain elevated.

5. Global Markets Are Repricing the U.S. Economic Outlook

The employment report immediately affected global markets. U.S. stocks moved higher, Treasury yields declined and the dollar weakened as investors reassessed the likelihood of near-term rate increases.

The significance extends beyond Wall Street. U.S. interest rates influence global borrowing costs, currency values, capital flows and sovereign bond markets around the world.

 WHY IT MATTERS

The combination of weaker employment, elevated inflation and high Treasury yields puts the Federal Reserve in an increasingly difficult position.

For the economy, higher borrowing costs can restrain investment, housing and consumer spending. For markets, uncertainty over the Fed's reaction function can increase volatility as investors attempt to price future policy without the level of guidance they have historically received.

The bigger issue is the Treasury market itself. If investors demand higher yields to hold long-term U.S. debt, the government faces higher financing costs, which can place additional pressure on future budgets.

This is why today's employment report is more than a jobs story. It is another signal that monetary policy, government debt and financial markets are becoming increasingly interconnected.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency values: Changes in U.S. interest-rate expectations can quickly influence the dollar against other major currencies.

• Purchasing power: Persistent inflation can continue to affect the real value of currencies and household purchasing power.

• Capital flows: Changes in Treasury yields can redirect global investment between U.S. assets, foreign markets and hard assets.

• Exchange-rate pressure: A weaker dollar can alter the relative value of foreign currencies and influence international trade and commodity prices.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Debt

The most direct structural implication is Debt. Higher Treasury yields increase the cost of financing existing and future U.S. government borrowing.

If long-term yields remain elevated, governments around the world may face greater pressure to reconsider debt levels, fiscal sustainability and the cost of maintaining large borrowing programs.

• Pillar 2: Assets

The second directly affected pillar is Assets. Changes in Treasury yields influence how investors value stocks, bonds, currencies, gold and other stores of value.

As investors reassess the reliability of traditional fixed-income assets, capital can move between sovereign debt, equities, commodities and alternative assets, contributing to broader changes in global asset allocation.

CONCLUSION

Today's employment report provides another indication that the U.S. economy may be entering a more complicated phase, with labor-market weakness emerging while inflation remains elevated.

At the same time, the Federal Reserve is moving toward a policy framework in which markets may have to interpret economic data with less forward guidance. That places greater importance on Treasury yields as a real-time measure of investor expectations and confidence.

For the broader financial system, the critical question is no longer simply whether the Fed raises or lowers rates. It is how markets, government debt and monetary policy will interact as the global financial system adjusts to a higher-cost borrowing environment.

The Global Reset is not defined by one announcement—it is revealed through the gradual restructuring of debt, markets and the systems that determine the price of money.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "Jobs report will offer fresh test of Fed Chairman Warsh's less-guidance stance"

• Associated Press — "US stocks jump as employers unexpectedly cut 23,000 jobs"

~~~~~~~~~~

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Thank you Dinar Recaps

More Iraq News Posted by Tishwash at TNT 8-7-2026

TNT:

Tishwash: A new shipment of $500 million in cash has arrived in Iraq.

Payment of $500 million

Allocating funds for travelers and remittances

To boost liquidity

A source reported in press statements that a new batch of cash dollars had arrived in Iraq, sent by the US Federal Reserve to the Central Bank of Iraq.

Within the framework of periodic agreements between the Central Bank of Iraq and the US Federal Reserve

Controlling the demand for foreign currency

The source told the official agency that "the US Federal Reserve sent a new batch of cash dollars to the Central Bank of Iraq worth $500 million."

He added that "the amount sent will be invested in transactions related to travelers and foreign remittances, with the approval of the Central Bank of Iraq."

This payment comes as part of the periodic agreements between the Central Bank of Iraq and the US Federal Reserve to supply the local market with dollar liquidity and to cover the needs of travelers and foreign remittances, at a time when Baghdad is seeking to stabilize the exchange rate. link

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

Tishwash: The United States begins dismantling its air defense systems in Iraq as the withdrawal date approaches.

 The United States has begun reducing its military presence in Iraq by dismantling its last air defense systems in the Kurdistan region, as the scheduled end of its forces' mission in the country approaches at the end of September.

Reports indicate that Patriot missile batteries stationed near Erbil International Airport have begun withdrawing, after playing a key role in countering missile and drone attacks targeting the region in recent months.

This development comes as the Iraqi government continues to implement its plan to restrict weapons to the state, and emphasizes that no armed formations will be allowed outside the framework of official institutions after the end of September, at a time when efforts continue to end the mission of the international coalition against ISIS.

Observers believe that reducing air defense systems raises concerns about the Kurdistan Region's ability to confront any future attacks, especially in light of the absence of an independent air defense system and the continued security tensions in the region.

In contrast, analysts point out that the American withdrawal may not be complete, but may take the form of a reorganization of the military presence, while maintaining limited defensive capabilities to protect American interests and diplomatic and military facilities inside Iraq.

Experts also link the future of the American presence to the course of growing economic relations between Baghdad and Washington, especially after the signing of dozens of investment agreements in the fields of energy, technology and infrastructure, which reflect a trend towards expanding bilateral cooperation outside the security framework.

Experts confirm that the next phase will determine the nature of the Iraqi-American partnership, in light of the continued security and regional challenges, and whether Washington will maintain a limited defensive presence in Iraq, or proceed towards a broader withdrawal while relying on economic and strategic cooperation between the two countries.  link

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Al-Zaidi Retains Control of Defense and Interior Ministries; No Appointments Imminent as Strict Criteria Disqualify Candidates

Last updated: August 7, 2026 – 1:15 AM

Informed government sources have revealed that Prime Minister and Commander-in-Chief of the Armed Forces, Ali Faleh Al-Zaidi, does not currently intend to finalize appointments for the Ministries of Defense and Interior. He prefers to maintain their administration on an acting basis, given his confidence in the performance of current leadership and his direct oversight of the two security institutions' operations.

 According to the sources, Al-Zaidi has established rigorous professional and security criteria for selecting candidates for these ministries. They emphasized that names circulating in political circles are baseless and that the matter remains on hold as the government focuses on more pressing issues—foremost among them the financial crisis, the expansion of economic and investment partnerships, and managing the repercussions of regional developments.

 The sources explained that while relevant political blocs have the right to nominate candidates in accordance with their constitutional entitlements, the final decision rests with the Commander-in-Chief. He will not approve any candidate who fails to align with the standards he has set for managing the two security institutions.

 This stance follows the Parliament's vote of confidence in Al-Zaidi’s government months ago—a government formed only partially, with several portfolios, including Defense and Interior, remaining vacant due to persistent political disagreements over candidates. Since assuming the premiership, Al-Zaidi has initiated sweeping changes within military and security institutions, redrawing the high-level command structure. These moves coincided with an unprecedented campaign against financial and administrative corruption, resulting in the dismissal and arrest of officials, as well as the recovery of funds and assets worth billions of dinars.

As part of the security sector restructuring, he tasked Senior Undersecretary Hussein Al-Awadi with managing the Ministry of Interior in an acting capacity. He also brought former Interior Minister Lieutenant General Abdul Amir Al-Shammari back to the forefront by appointing him Director of the Office of the Commander-in-Chief of the Armed Forces.

Al-Zaidi capped these changes by dissolving the Joint Operations Command and merging it with the Office of the Commander-in-Chief and the National Operations Center into a unified security entity. Observers view this move as part of a broader initiative to consolidate command and control, accelerate the plan to restrict arms to state control, reorganize the security apparatus, and integrate the Popular Mobilization Forces into official defense institutions.  link

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Tishwash:  Iraq adopts Apple as a trusted platform to promote electronic payments

The head of the executive body of the Media and Communications Commission, Baligh Abu Kalal, announced on Thursday that Apple has been approved as a verified digital platform to operate in Iraq, after completing all the requirements and procedures stipulated in the framework regulations for digital platforms and services.

Abu Kalal said in a statement received by Shafaq News Agency that the accreditation includes classifying Apple as a trusted digital service provider for its services represented by ( App Store , Apple Music , Apple Podcasts , Apple Arcade , and Apple Ads ), after it has met the technical and legal requirements approved by the Media and Communications Commission, which allows the provision of these services within an official regulatory framework that is consistent with the laws and regulations in force in the Republic of Iraq.

He pointed out that the adoption of global digital platforms falls within a strategy aimed at aligning the services of international companies with Iraqi legislation, ensuring the protection of users’ rights, supporting the digital economy, and developing the investment environment in the information technology sector.

He added that the commission continues to work with major international companies and platforms to complete licensing and accreditation procedures, which will contribute to expanding the scope of digital services, regulating electronic payment operations, and enhancing Iraq’s presence in the global digital economy  link

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Tishwash: IMAX technology enters Iraqi cinemas; Minister Sarwa says it's a step towards keeping pace with developed countries.

Mall of Iraq (Baghdad) 

On Thursday (August 6, 2026), the capital Baghdad witnessed the opening of the first “IMAX” theater in Iraq, located inside the Mall of Iraq, in the presence of the Acting Minister of Culture, Tourism and Antiquities, Sarwa Abdul Wahid, who affirmed the ministry’s support for investment and artistic projects aimed at developing the film and theater industry in the country.

As Iraq officially entered the era of modern cinematic display technologies, those in charge of the project revealed plans to establish the second IMAX theater in Baghdad, in addition to the largest private theater with a capacity of more than 5,000 spectators to host Arab and international concerts and artistic performances, stressing that the prices of tickets for the new theater are among the lowest in the world.

Culture: Developing cinema requires competition

Acting Minister of Culture, Tourism and Antiquities, Sarwa Abdul Wahid, confirmed to 964 Network that the ministry supports artistic and investment projects that contribute to the development of the cinema and theater sectors, considering the opening of the first IMAX theater in Iraq as an important step that reflects the existence of cultural investments that keep pace with what exists in developed countries.

She added that developing the film industry requires an investment mindset based on competition, stressing that complete reliance on the state in managing this sector will not achieve the desired success, noting that the ministry is open to supporting projects that contribute to the production and screening of films.

5 years to reach the first IMAX in Iraq

Zaid Al-Khafaji, CEO of Iraqi Cinema, told 964 Network that work on the IMAX project took more than 5 years due to the strict technical requirements imposed by the technology's owner, explaining that the team was finally able to complete all the requirements and obtain the official license.

He added that the success of the project prompted the company to plan to establish a second IMAX theater in the Karkh district, explaining that Baghdad received an exception due to its size and population, even though the company's policy usually stipulates that there should be only one theater in each city.

The largest private theater in Iraq

Al-Khafaji revealed a new direction for the company towards investing in the theater sector, explaining that Iraq lacks a hall that can accommodate concerts and major artistic performances. Therefore, work is underway on a project to establish a theater that can accommodate more than 5,000 spectators, to host Arab and foreign singers and artists and public events.

He added that ticket prices in Baghdad are among the lowest globally for IMAX theaters, noting that they start from 15,000 dinars for front seats, 18,000 dinars for middle seats, and 25,000 dinars for VIP seats, despite deducting percentages from the ticket value for the benefit of IMAX and film production companies.  ink

Iraq Economic News and Points To Ponder Friday Morning 8-7-26

Official Source: $500 Million Cash Shipment Arrives In Iraq

Iraqi News Agency Thursday, August 6th, 2026 / 19:52   INA – Baghdad  An official source announced the arrival of a new shipment of US dollar banknotes in Iraq valued at $500 million.

  The source told the Iraqi News Agency (INA) that “the US Federal Reserve has sent a new shipment of US dollar banknotes to the Central Bank of Iraq worth $500 million.”

He added that “the funds will be allocated for transactions related to travelers and foreign remittances, subject to the approval and regulations of the Central Bank of Iraq.”

  https://ina.iq/en/economy/51024-an-official-source-a-shipment-of-500-million-in-cash-has-arrived-in-iraq.html

Under The Direction Of The Commander-In-Chief Of The Armed Forces, The Security And Combat Readiness Levels Of The Security And Military Forces Have Been Raised

 latest news Friday, August 7, 2026 Baghdad - One News    The Security Media Cell announced today, Thursday, that, under the direction of the Commander-in-Chief of the Armed Forces, it was decided to raise the level of security readiness and combat preparedness of all security and military forces, within the framework of enhancing the readiness of security formations and raising their ability to carry out the tasks assigned to them.  

The cell stated in a statement that the decision includes implementing training exercises and field movements for military units, within procedures aimed at maintaining the highest levels of readiness and operational capability.  

She added that this step comes within the framework of maintaining the high readiness of all security forces formations and enhancing their efficiency in performing security and military duties, which contributes to consolidating security and stability, and protecting citizens and public interests throughout the country.   https://1news-iq.net/بتوجيه-من-القائد-العام-للقوات-المسلحة/

Three Tankers Dock At Basra To Load Iraqi Crude

2026-08-06 16:05 Shafaq News- Basra   Three oil tankers with a combined storage capacity of 5.3 million barrels docked at Iraq's southern Basra port on Thursday to load crude oil, a source familiar with the matter told Shafaq News.

Two of the vessels have a capacity of 2 million barrels each, while the third can carry 1.3 million barrels.

Iraq normally exports about 3.6 million barrels per day, including around 3.4 million bpd through its southern Basra terminals, according to Iraqi Oil Ministry figures, before the US-Israeli war on Iran caused the sharpest oil-revenue decline among Gulf producers.

Read more: No exit but Hormuz: Iraq's economic vulnerability exposed

https://www.shafaq.com/en/Economy/Three-tankers-dock-at-Basra-to-load-Iraqi-crude

Dollar Gains As Iran Deal Doubts Lift Safe-Haven Demand

2026-08-07 01:16    Shafaq News   The dollar drifted higher against the yen and euro on Friday, building on ‌the previous day's gains as doubts about an Iran peace deal buffed the U.S. currency's appeal as a haven.

The greenback also drew support from higher Treasury yields after a Financial Times report citing sources close to Federal Reserve Chair Kevin Warsh pointed to the potential ​for a September interest rate hike, depending on incoming data.

The monthly U.S. payrolls report, due later on ​Friday, could provide more clues on the Fed's rate path.

The dollar rose slightly to 158.505 ⁠yen in the Asian morning, after gaining 0.4% on Thursday, putting it on course to rise around 0.7% ​this week as it recovered from a bout of joint Japan-U.S. intervention that sent the U.S. currency tumbling from near ​a four-decade high above 163 yen on Thursday to a 13-week low of 155.20 on Monday.

Against the euro , the greenback edged up to $1.1521 after strengthening about 0.3% in the prior session.

Tensions continued to play out in the Gulf after Reuters reported a proposed deal between ​Iran and Oman to help end the U.S.-Iran conflict could give Tehran control over inbound traffic through the Strait ​of Hormuz.

The U.S. did not immediately comment on the proposal. President Donald Trump has said that a deal to reopen the strait ‌was imminent, ⁠but U.S. officials have repeatedly insisted that they would never agree to Iranian control of access to the world's most important trade route for energy supplies.

Brent crude rose a little over a dollar on Friday to trade at $83.55 per barrel, after settling up more than $3 in the previous session.

The heightening inflation risks weighed on Treasuries, sending yields higher.

"USD ​was supported by higher oil ​prices (following) news that a ⁠deal between the U.S. and Iran to reopen the strait is further away than hoped," said Kristina Clifton, an economist at Commonwealth Bank of Australia.

She and other analysts also ​pointed to the FT report saying Warsh was open to a September hike if ​inflation data is ⁠strong, although Clifton added, "We expect the Fed to wait until December before starting a modest tightening cycle."

A divided U.S. central bank left rates unchanged last month, but Warsh said he was committed to bringing inflation down.

U.S. nonfarm payrolls are forecast ⁠to have ​risen by 80,000 last month after an increase of 57,000 in ​June, according to a Reuters survey of economists. The unemployment rate is expected to hold steady at 4.2%.

Against sterling , the dollar strengthened slightly to $1.3449.

The ​Australian dollar weakened a touch to $0.7029 and the kiwi dollar edged down to $0.5866. (REUTERS)

https://www.shafaq.com/en/Economy/Dollar-gains-as-Iran-deal-doubts-lift-safe-haven-demand

Gold Hits Seven-Week High Before US Payrolls

2026-08-07 03:39   Shafaq News   Gold rose more than 1% on Friday ‌and was set for its biggest weekly gain since January, helped by weaker oil prices, while investors awaited key U.S. nonfarm payrolls data for clues on the interest rate outlook.

Spot gold was up ​1.1% at $4,285.89 per ounce, by 0635 GMT, after hitting a seven-week high on ​Thursday. Prices gained 6% for the week.

U.S. gold futures rose 1.1% to $4,344.90.

Hopes ⁠of peace in the Middle East pushed inflation expectations lower, allowing gold to ​surge from a multi-week consolidation above $4,000, said Matt Simpson, a senior analyst at StoneX.

U.S. President Donald ​Trump told reporters that he believed the war with Iran would be over soon.

Crude oil prices were headed for a weekly loss. Lower energy prices help ease inflation concerns and reduce expectations of higher-for-longer ​interest rates. Gold is an inflation hedge, but elevated interest rates tend to weigh ​on its appeal as it offers no yield.

The U.S. Labor Department's nonfarm payrolls report for July is ‌due ⁠at 1230 GMT.

"Regardless of how NFP plays out, $4,000 has proven to be a solid support level - and I suspect bulls are waiting for dips to take advantage of a much-needed correction higher towards $4,600. NFP may provide some noise over the near term, but ​price action has spoken, ​and gold looks like ⁠it wants to rally," Simpson added.

Traders currently see a 55% chance of a U.S. rate hike in September, according to the ​CME FedWatch Tool.

"Going into August, we are somewhat friendlier towards gold ​and expect ⁠a wider trading band to set in," Marex said in a note.

Silver prices are testing the upper end of a trading range that has held for nearly two months, and a ⁠breakout ​could pave the way towards $68, it said.

Spot silver climbed ​3.3% to $63.48, platinum rose 1.5% to $1,755.90 and palladium gained 0.3% to $1,374.30. All three metals were headed for weekly ​gains.  (Reuters) 

 https://www.shafaq.com/en/Economy/Gold-hits-seven-week-high-before-US-payrolls

Seeds of Wisdom RV and Economics Updates Friday Morning 8-7-26

Good Morning Dinar Recaps,

BRICS Strengthens Alternative Trade Architecture: Global Financial System Continues Its Structural Shift

As BRICS prepares for its 2026 Summit, member nations are accelerating efforts to expand local-currency trade and strengthen alternative payment infrastructure, signaling another step toward a more multipolar global financial system.

 Overview

• India's BRICS presidency is accelerating discussions on expanding local-currency trade, payment connectivity, and financial cooperation ahead of the September BRICS Summit.

• Rather than pursuing a single BRICS currency, members continue focusing on practical alternatives that reduce reliance on traditional dollar-based payment systems.

• These developments represent a gradual restructuring of global trade architecture that could influence international finance for years to come.

Key Developments

1. BRICS Summit Preparations Intensify

India's presidency of BRICS continues gathering momentum through a series of ministerial meetings leading up to the September 2026 Leaders' Summit.

Finance ministers, central bank officials, and trade representatives are working to strengthen economic cooperation while expanding mechanisms that facilitate trade among member nations. The meetings reflect the bloc's long-term strategy of building stronger financial connections without disrupting global markets.

2. Focus Shifts Toward Practical Trade Solutions

Recent discussions continue emphasizing local-currency settlement, payment interoperability, and financial cooperation instead of creating a common BRICS currency.

Member countries increasingly view expanding settlement in national currencies as a practical way to lower transaction costs, reduce exchange-rate exposure, and improve resilience in international trade. This gradual approach has gained support because it builds on existing financial infrastructure rather than replacing it overnight.

3. Payment Infrastructure Continues to Evolve

A major objective remains improving cross-border payment efficiency.

BRICS members are examining ways to better connect national payment systems and explore interoperable digital payment technologies that could simplify international commerce. These initiatives are designed to complement existing financial networks while providing businesses with additional settlement options.

4. Global Markets Continue Watching the Shift

Although the U.S. dollar remains the world's dominant reserve currency, investors increasingly recognize that global trade is becoming more diversified.

Rather than replacing the dollar, BRICS nations are gradually expanding the use of alternative settlement mechanisms where practical. This measured evolution reflects changing trade relationships and a broader trend toward a more diversified international financial system.

 Why It Matters

The evolution of global trade architecture is occurring through incremental policy changes rather than dramatic announcements. Expanding local-currency settlement and payment interoperability can reduce transaction costs, improve financial resilience, and diversify international commerce.

While these developments do not eliminate the role of the U.S. dollar, they demonstrate how major economies are steadily building additional financial infrastructure alongside the existing system.

Why It Matters to Foreign Currency Holders

• Growing use of local currencies may gradually diversify global capital flows.

• Alternative payment systems could reduce settlement costs in international trade.

• Broader currency diversification may influence long-term exchange rate trends.

• A more multipolar financial system could create new opportunities and risks for international investors.

Implications for the Global Reset

• Pillar: Trade

BRICS continues expanding the infrastructure that supports trade in local currencies and improves cross-border settlement. These efforts represent a gradual modernization of international commerce by providing additional payment channels alongside traditional systems.

• Pillar: Technology

Payment interoperability and digital financial infrastructure remain central to BRICS' long-term strategy. Rather than replacing existing networks, member nations are building complementary technologies designed to improve efficiency, resilience, and financial connectivity.

Conclusion

The significance of today's developments lies not in a single announcement but in the continued, methodical expansion of alternative financial infrastructure.

As BRICS prepares for its upcoming summit, the focus remains on strengthening practical trade mechanisms that can support long-term economic cooperation.

This is not simply about BRICS expanding trade—it reflects the broader evolution of global financial architecture as nations develop additional payment systems, diversify settlement methods, and gradually modernize international commerce.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "India's BRICS Presidency Gathers Momentum with Key Ministerial Meets"

• Economic Times — "India's BRICS Presidency Gathers Momentum with Key Ministerial Meets Early August" 

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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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Currency Reset Incoming: Central Banks Are Preparing Now | John Rubino

Currency Reset Incoming: Central Banks Are Preparing Now | John Rubino

Liberty and Finance:  8-6-2026

John Rubino joins Liberty and Finance to explain why mounting debt problems in Japan, the United States, and across the developed world could be bringing the global financial system closer to a major breaking point.

He discusses why central banks continue accumulating gold, why he believes the "everything bubble" spanning government debt, AI, and private credit is becoming increasingly unstable, and what could trigger a worldwide currency reset.

 Rubino also examines the economic consequences of escalating geopolitical tensions, supply chain disruptions, and growing volatility in financial markets.

Finally, he shares why he believes physical gold and silver, along with greater personal resilience and local self-sufficiency, may become increasingly important as global risks continue to mount.

This interview explores the warning signs he believes investors should be watching closely in the months ahead.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Japan crisis

11:10 Iran war

15:00 AI bubble

21:40 AI data centers

26:00 Currency reset

https://www.youtube.com/watch?v=YCJ5X9tiqas

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

Iraq Is Facing A Liquidity Crisis... Will The Government Resort To Printing Money To Secure Salaries?

August 6, 2026Last updated: August 6, 2026   The Independent - Iraqi finances are facing increasing pressure as oil revenues continue to decline, at a time when the government needs about 8 trillion dinars per month to cover the salaries of employees and retirees and social welfare benefits, in addition to other government obligations and expenditures, which has brought the issue of liquidity back to the forefront of economic discussion.

 According to a report published by Al-Araby Al-Jadeed newspaper and followed up by Al-Mustaqila, the limited financial options available have prompted the proposal to print currency to return again as one of the scenarios proposed to provide liquidity, amid economic warnings that this option may have serious repercussions on inflation, the exchange rate of the dinar, and the purchasing power of citizens.

These developments come at a time when the Central Bank of Iraq is seeking to maintain monetary stability and manage liquidity levels, as it has previously warned against using the issuance of new money to finance public expenditures, stressing that financing the deficit through this route could lead to increased inflation and a decline in the value of the currency.

Economic experts believe that Iraq faces a large funding gap as a result of declining oil revenues, since the general budget depends mainly on oil exports, which means that any decrease in prices or exported quantities directly affects the state’s ability to finance its obligations.

Financial and banking expert Mahmoud Dagher said that the decline in oil revenues has created a gap between available resources and the size of monthly spending, noting that Iraq needs billions of dollars monthly to cover salaries, while revenues have fallen to levels that are not sufficient to meet obligations.

Dagher warned that resorting to increased monetary issuance or a large expansion of domestic debt could lead to additional pressures on the economy, including higher inflation, increased pressure on monetary reserves, and the potential impact on the dinar's exchange rate against the dollar.

He pointed out that the current crisis is not only related to the decline in oil prices or the decrease in exports, but also reveals structural challenges that have accumulated over the past years, including high operating spending, weak diversification of revenue sources, and the need for broader financial reforms.

For his part, economist Safwan Qusay stressed that managing liquidity during the next phase requires setting spending priorities, so that the government focuses on salaries, the social safety net and basic expenditures, while working to reduce unnecessary expenditures and increase non-oil revenues.

Qusay explained that among the possible solutions are improving the collection of taxes and fees, enhancing revenues at border crossings, recovering public funds, in addition to supporting other economic sectors to reduce dependence on oil as an almost sole source of budget financing.

He also pointed to the importance of restoring oil export levels and diversifying shipping routes, noting that any increase in exports will take time to be reflected in government revenues, which makes interim solutions necessary to manage the current crisis.

In the same context, Jamal Kojar, a member of the parliamentary finance committee, confirmed that the government faces limited options for providing liquidity in the coming months, explaining that recovering funds and maximizing revenues are part of the solution, but they may not provide large resources quickly.

He added that other options, such as increasing taxes or selling some state assets, could have economic and social repercussions, while printing money remains an option despite the risks that may accompany it.

Observers believe that the current liquidity crisis represents a real test for Iraqi fiscal policy, as protecting salaries on the one hand, and maintaining currency and price stability on the other, require solutions that go beyond temporary measures, towards a comprehensive reform that restructures spending and strengthens non-oil revenue sources.

Recent developments confirm that Iraq’s continued dependence on oil makes its economy vulnerable to repeated shocks, placing the government in a position where it must accelerate the building of a more diversified economy capable of withstanding financial crises. https://mustaqila.com/العراق-أمام-أزمة-سيولة-هل-تلجأ-الحكومة/

With Integrated Banking Solutions For Traders And Companies, The International Development Bank Expands Its Support For The Private Sector.

Economy |  05/08/2026   Mawazin News - Baghdad   The International Development Bank (IDB) announced its continued support for the private sector by offering a comprehensive suite of banking solutions and services tailored to merchants, companies, and public and private sector employees. This aligns with its strategy to support business growth, enhance financial inclusion, and accelerate digital transformation in Iraq.

In a statement received by Mawazin News, the bank explained that its services include a merchant account offering solutions for managing payments and electronic collections in partnership with Al Arab Company, via point-of-sale (POS) terminals.

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Benefits include waiving merchant commissions, a 3.5% monthly return on the average balance, no minimum balance requirement or account management fees, and an increased daily cash withdrawal limit for debit cards to 10 million Iraqi dinars.

The bank also provides companies and institutions with integrated banking solutions encompassing financing, letters of credit, letters of guarantee, cash and liquidity management, international trade services, treasury services, and financial consulting, thereby enhancing business efficiency and supporting commercial expansion.

As part of its efforts to support the business environment, the International Development Bank (IDB) provides payroll services, along with financing, savings, investment, and digital solutions for employees. This contributes to enhancing financial stability and improving the efficiency of banking services within institutions.

The bank's Managing Director, Saed Zureikat, affirmed that the bank continues to invest in developing innovative banking solutions that meet the needs of merchants, companies, and employees, contributing to the advancement of digital transformation, empowering the private sector, and building a more competitive and sustainable economy.

The bank noted that its services are based on a strong capital base and full compliance with the regulations of the Central Bank of Iraq. It emphasized its commitment to continuously developing its banking products to support the competitiveness of the private sector and enhance the investment climate in Iraq.

The bank reiterated its commitment to further developing its banking services and products to boost the competitiveness of the private sector, support the business environment, and attract investments, in line with its vision to be the preferred financial partner for individuals and businesses in Iraq.     https://mawazin.net/Details.aspx?jimare=287865

Shortages And Low-Quality Fuel Drive Restrictions In Iraq’s Nineveh

2026-08-06  Shafaq News- Nineveh  A gasoline shortage in Iraq’s Nineveh province has left motorists facing long queues at fuel stations, with growing complaints over fuel quality and supply availability as authorities move to tighten distribution controls and curb unauthorized trading.

Drivers across the province told Shafaq News that the problem has extended beyond waiting times, with many describing poor vehicle performance from the gasoline being supplied, including subsidized “improved” fuel. They attributed repeated vehicle problems and engine damage to the low octane levels found in some supplies.

An official at the State Oil Products Distribution Company disclosed that new measures will be introduced to regulate fuel distribution and prevent unauthorized trading.

The planned system would require vehicle owners to obtain gasoline through a fuel card system using existing paper cards, electronic cards, or mobile-linked QR codes. The measures would also verify vehicle ownership details before fuel is supplied.

Nineveh has long relied on a fuel card system, but oil authorities are now working to strengthen monitoring mechanisms. The Provincial Council is also seeking a higher daily fuel allocation for the city, while residents have called for imported gasoline to undergo technical testing before entering the market to ensure it meets required quality standards.

In Iraq’s Kurdistan Region (KRI), fuel prices have faced pressure in recent months. Commercial gasoline exceeded 1,300 dinars ($0.99) per liter before a July price cap was introduced. In Al-Sulaymaniyah, regular gasoline reached 1,000 dinars ($0.76) per liter in June, while improved and super grades were sold for 1,200 dinars ($0.92) and 1,350 dinars ($1.03), respectively.

KRI requires between 126,700 and 140,000 barrels of fuel per day but receives about 50,000 barrels from the federal government, according to Acting Natural Resources Minister Kamal Mohammed. More than 2.709 million vehicles are registered across the region, adding further pressure on subsidized fuel supplies.

Read more: Fuel shortages paralyze Erbil gasoline stations

https://www.shafaq.com/en/Economy/Shortages-and-low-quality-fuel-drive-restrictions-in-Iraq-s-Nineveh