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DINARRECAPS8 8/23/26 DINARRECAPS8 8/23/26

Iraq Economic News and Points To Ponder Sunday Afternoon 8-23-26

US Imports 6K Bpd Of Iraqi Crude After Seven-Week Gap

2026-08-23 Shafaq News- Baghdad/ Washington US crude oil imports from Iraq resumed at 6,000 barrels per day (bpd) after seven consecutive weeks at zero, according to the latest US Energy Information Administration (EIA) data. The week ending August 14 marked the first Iraqi crude shipments to the United States since late June, well below the 71,000 bpd recorded in the week ending June 19.

Canada led US crude suppliers at 3.806 million bpd, followed by Venezuela at 730,000, Brazil at 336,000, Mexico at 295,000, and Ecuador at 200,000. Libya supplied 26,000 bpd, Saudi Arabia 9,000, and Iraq 6,000, placing Baghdad eighth among countries with nonzero shipments.

The seven-week halt coincided with severe disruption to Iraq’s oil exports following the closure of the Strait of Hormuz, through which most of the country’s southern crude had previously been shipped.

Iraq, OPEC's second-largest producer, averaged 179,000 bpd in US-bound shipments in 2025. The halt reflects disruption to Iraq's export routes since the closure of the Strait of Hormuz on February 28, 2026, through which Iraq previously routed roughly 90% of its crude.https://www.shafaq.com/en/Economy/US-imports-6K-bpd-of-Iraqi-crude-after-seven-week-gap

Dollar Falls Against Dinar In Baghdad And Erbil

2026-08-23 Shafaq News- Baghdad/ Erbil The US dollar fell against the Iraqi dinar on Sunday, hovering around 154,000 dinars per $100 in Baghdad and Erbil, the capital of the Kurdistan Region.

At the Al-Kifah and Al-Harithiya exchanges in Baghdad, the dollar traded at 154,100 dinars per $100, down from 154,300 dinars on Saturday, according to a Shafaq News market survey.

In Baghdad's local exchange shops, the selling price reached 154,500 dinars per $100, while the buying price stood at 153,500 dinars.

Rates eased in Erbil as well, where the dollar sold at 153,900 dinars per $100 and was bought at 153,850 dinars.

https://www.shafaq.com/en/Economy/Dollar-falls-against-dinar-in-Baghdad-and-Erbil-6

Gold Prices Stabilize In Baghdad, Decline In Erbil

2026-08-23 Shafaq News- Baghdad/ Erbil On Sunday, gold prices hovered around 1 million IQD per mithqal in Baghdad and Erbil markets, according to Shafaq News Agency market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,006,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,002,000 IQD. The same gold had sold for 1,006,000 IQD on Saturday.

The selling price for 21-carat Iraqi gold stood at 976,000 IQD, with a buying price of 972,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,005,000 and 1,015,000 IQD, while Iraqi gold sold for between 975,000 and 985,000 IQD.

In Erbil, 22-carat gold was sold at 1,035,000 IQD per mithqal, 21-carat gold at 988,000 IQD, and 18-carat gold at 847,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-stabilize-in-Baghdad-decline-in-Erbil-9

Dollar Approaches 200,000 Tomans In Iran

2026-08-23 Shafaq News- Tehran The US dollar neared 200,000 tomans in Iran's free market on Sunday, setting a new record as strong demand for foreign currency and concerns over fresh US sanctions pushed the Iranian rial to another low.

The dollar traded at around 198,000 tomans, according to Iran's gold and currency information network, TGJU. Other free-market listings put the selling price close to 197,950 tomans, compared with roughly 195,950 tomans for buying. The dollar started the week at around 189,700 tomans, rising about 4.4% in less than seven days.

The dollar had fallen to around 153,000 tomans on June 17 after Tehran and Washington reached a preliminary understanding to end nearly six months of war. It has since recovered much of that decline, surpassing 191,000 tomans in July.

US President Donald Trump on Thursday launched a new push to isolate Iran economically, describing it as the “most crushing economic operation ever taken against any country.”

One toman = 10 Iranian rials. https://www.shafaq.com/en/Economy/Dollar-touches-200-000-tomans-in-Iran

French Exports To Iraq Reach $105M+ In Q2 2026

2026-08-23 Shafaq News- Baghdad/ Paris French exports to Iraq rose 35.9% in the second quarter of 2026 to $106 million, according to data from the International Trade Centre’s Trade Map.

Exports increased by $28 million from $78 million in the first quarter, with pharmaceuticals recording the largest gain among major product categories. French pharmaceutical exports reached $27 million in the April-June period, compared with $2.9 million in the first quarter, an increase of $24.1 million.

Exports of essential oils, resinoids, perfumes, cosmetics and personal care products also climbed to $14 million, from $6.3 million in the previous quarter. Shipments of preparations made from cereals, flour, starch or milk, including pastry products, totaled $12 million during the second quarter.

Exports of electrical machinery, equipment and parts, however, fell to $9.9 million from $14 million in the first quarter.

Meanwhile, exports of machinery and mechanical appliances advanced to $9.8 million, compared with $6.5 million in the previous quarter. Exports of optical, medical and measuring instruments also jumped to $9.4 million, from $2.6 million in the first quarter.

Other French exports to Iraq included $4 million worth of dairy products, eggs, honey and other food products of animal origin. Exports of beverages, spirits and vinegar amounted to $3.4 million, while vehicles, parts and accessories accounted for $3.1 million.

Miscellaneous chemical products contributed a further $1.8 million to French exports to Iraq during the second quarter, the data showed. https://www.shafaq.com/en/Economy/French-exports-to-Iraq-reach-105M-in-Q2-2026

Oil Ministry To Represent Iraq At Gastech 2026

2026-08-23 Shafaq News- Baghdad Iraq will participate in the Gastech 2026 exhibition in Bangkok next month, with Deputy Oil Minister for Gas Affairs Ezat Saber Esmaeel attending at the invitation of US energy technology company Baker Hughes, a source from the ministry told Shafaq News on Sunday.

The source said the event, “the world’s largest exhibition for natural gas and liquefied natural gas (LNG)”, is expected to draw more than 50,000 energy industry participants and over 1,000 exhibiting companies from 150 countries.

The ministry views such events as an opportunity to adopt the latest gas production technologies, reduce emissions, advance digital transformation in the energy sector, and keep pace with changes in the global gas market, according to the source.

Iraq remains one of the world’s largest gas-flaring countries. A World Bank report released in June 2026 ranked Iraq alongside Russia and Iran among the biggest contributors to global gas flaring in 2025. The data showed that the three countries collectively flared about 84 billion cubic meters of gas, accounting for nearly half of the global total.

https://www.shafaq.com/en/Economy/Oil-Ministry-to-represent-Iraq-at-Gastech-2026

2026 GDP Ranking Places Iraq 76th Globally

2026-08-22 Shafaq News- Baghdad Iraq ranked 76th among the world’s poorest countries in 2026, with gross domestic product (GDP) per capita based on purchasing power parity (PPP) at $15,359.6, according to Global Finance magazine.

Burundi ranked as the world’s poorest country, with GDP-PPP per capita of $994.23, followed by the Central African Republic at $1,437.72 and South Sudan at $1,467.19.

At the other end of the ranking, Singapore recorded the highest GDP-PPP per capita at $164,317.89, followed by Luxembourg at $152,966.48 and Ireland at $152,632.06.

In April, the International Monetary Fund (IMF) ranked Iraq fifth among Arab economies in 2026, with GDP at PPP of $739.1 billion.

https://www.shafaq.com/en/Economy/2026-GDP-ranking-places-Iraq-76th-globally

DINARRECAPS8 8/23/26 DINARRECAPS8 8/23/26

Venezuela Abandoning The Bolivar And Adopting The U.S. Dollar Would Be The Biggest Currency Switch Since The Advent Of The Euro

Venezuela Abandoning The Bolivar And Adopting The U.S. Dollar Would Be The Biggest Currency Switch Since The Advent Of The Euro, Hanke Says

Jason Ma, Shawn Tully Updated Sat, August 22, 2026 Fortune

Steve Hanke earned the moniker "Money Doctor" after advising governments across the globe on how to use currencies to get inflation under control.

The professor of applied economics at Johns Hopkins University is now helping Venezuela and has been named a special advisor to a leading member of the country's National Assembly.

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He told Fortune's Shawn Tully that his solution for Venezuela's 400% inflation is full adoption of the U.S. dollar, meaning bolivars and the central bank would be abandoned. The idea is to remove the risk of a central bank printing money to help the government pay its bills, stoking higher prices.

"Taming inflation is the key to restoring stability in Venezuela, and all the other progress flows from that," Hanke explained. "Stability isn't everything, but without stability, which means stable prices, you have nothing. And there's no better case study showing that's true than Venezuela."

He should know. The Money Doctor persuaded Montenegro in 1999 to dump the Yugoslav dinar for the Deutsche mark. He also oversaw Ecuador's switch from the sucre to the U.S. dollar in 2000, marking the first dollarization in Latin America since Panama a century earlier.

Then in 2009, Hanke became an informal advisor to the prime minister of Zimbabwe, which dollarized and reined in inflation. But a new government ditched the dollar in 2013, and hyperinflation returned.

Hanke is now on his second attempt in Venezuela, after his plan for a currency board in the mid-1990s failed to win a majority in the National Assembly. This time, he sees 50%-80% odds that dollarization will be approved.

"It would be the biggest switch from domestic currencies to an alternative since the introduction of the euro in 1999," he told Fortune's Tully.

Despite the ambitious plans, the U.S. dollar is already in integral part of the Venezuelan economy. Due to the collapsing bolivar, which has tanked 78% against the greenback over the past year alone, most consumers buy virtually everything with dollars.

In fact, almost everyone not working for the government or receiving aid and pensions from the government uses dollars. Hanke said this "spontaneous dollarization" raises the chances of an official currency switch.

But the prospect of losing the central bank, which acts as a lender of last resort, and essentially handing over monetary policy to the Federal Reserve are still daunting obstacles.

Even Argentine President Javier Milei, who campaigned on dollarization, backed off the idea after he took office. While he helped cool inflation sharply by slashing subsidies and the budget deficit, the annual rate is still high.

Argentina must also continue defending the peso, which is pegged to the dollar. Regional elections last year that crushed Milei's party sent the peso into a tailspin, and Treasury Secretary Scott Bessent came to the rescue with a currency swap line.

Still, Hanke sees dollarization as the key to unlocking Venezuela's economy, which is highly dependent on oil exports. A currency switch would induce a big surge of foreign investment into the oil sector, he predicted.

Then there's the $250 billion in Venezuelan debt, which is equivalent to about 150% of GDP. Hanke said increased production would provide the dollars needed to pay the principal and interest.

The end of hyperinflation would also lower interest rates, encouraging a wave of borrowing by consumers and businesses. That would in turn ignite the housing market and drive domestic investment, he added.

"If it happens soon, Venezuela would take off from negative growth this year to positive growth next year," Hanke said.

This story was originally featured on Fortune.com

Then there's the $250 billion in Venezuelan debt, which is equivalent to about 150% of GDP. Hanke said increased production would provide the dollars needed to pay the principal and interest.

"If it happens soon, Venezuela would take off from negative growth this year to positive growth next year," Hanke said.

This story was originally featured on Fortune.com

https://www.yahoo.com/finance/markets/currencies/articles/venezuela-abandoning-bolivar-adopting-u-231110931.html

Dinar Recaps 20 8/23/26 Dinar Recaps 20 8/23/26

Sunday Iraq News Posted by Tishwash at TNT 8-23-2026

TNT:

Tishwash: Exclusive: Parliament hosts Finance Minister to discuss the financial crisis and solutions

The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, revealed on Saturday that the Minister of Finance, Faleh Al-Sari, is expected to be hosted in Parliament to discuss the details of the financial crisis facing Iraq.

Faihan told Shafaq News Agency that "the Minister of Finance has requested to attend the House of Representatives, and the request to host him will be included on the agenda of one of the upcoming sessions, with the date of the hosting to be determined in the coming days," indicating that "the Minister wants to explain the details of the financial crisis and the expected solutions to address it."

TNT:

Tishwash: Exclusive: Parliament hosts Finance Minister to discuss the financial crisis and solutions

He added that "the borrowing law will be included on the agenda of one of the upcoming sessions for its first reading."

Finance Minister Faleh al-Sari confirmed the existence of a real financial deficit that is hindering the completion of salary payments for employees, retirees and social welfare beneficiaries, noting that the total monthly obligations for salaries amount to about 7 trillion and 800 billion dinars.

For his part, Iraqi government spokesman Haider al-Aboudi confirmed that Iraq is facing "severe" financial challenges, noting that the government needs about 10.8 trillion dinars monthly to cover employee salaries and public expenditures, while the country's oil revenues do not exceed 2.5 trillion dinars.

It is worth noting that Prime Minister Ali Faleh al-Zaidi reassured employees and retirees on Friday that monthly salaries and government payments would be fully secured, while emphasizing that Iraq is going through "difficult and challenging" circumstances due to regional developments and the disruption of oil exports through the Strait of Hormuz. link

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Tishwash: Muzhir Muhammad Salih: The 2027 budget is based on an oil price between $50 and $60.

The Prime Minister’s financial advisor, Mazhar Muhammad Salih, described the 2027 budget as one of the most complex budgets in terms of planning, given the geopolitical challenges surrounding Iraq, suggesting the adoption of a hypothetical oil price ranging between $50 and $60 per barrel.

Saleh said in a press statement that the upcoming budget will place salaries, wages, grants, pensions and the social welfare network at the top of its priorities, stressing that these items represent a “red line” that cannot be crossed.

He added that operational spending will focus on key sectors, including the maintenance of electricity networks, national security, and the provision of medicines and food baskets, which he described as “a safety valve for the Iraqi people.”

On the investment side, Saleh stressed that the electricity sector will be given top priority, noting that “electricity today is a matter of life or death for the economy and society,” and that the government program attaches great importance to the reconstruction and maintenance of power networks and addressing the electricity crisis that has been ongoing for years.

Regarding oil revenues, he explained that adopting a price between $50 and $60 per barrel comes as a precautionary measure to counter the fluctuations in global oil markets and the risks to trade routes, especially developments related to the Strait of Hormuz and its potential impact on Iraqi exports.

Saleh predicted that Iraq would return to exporting more than 3 million barrels per day after the end of the Strait of Hormuz crisis, suggesting the possibility of preparing a supplementary budget in the middle of 2027 if financial revenues improve.

Regarding the preparation of the budget, he indicated that the draft budget law will be transferred from the Ministry of Finance to the Cabinet in the coming days, and will then be referred to the House of Representatives to complete the procedures and legislative readings.

He pointed out that the state is moving towards implementing program and performance budgeting in a partial and gradual manner, with the aim of enhancing spending efficiency and linking government spending to the results achieved, instead of being satisfied with traditional oversight of spending.

Finance Minister Faleh Sari had previously announced the formation of five ministerial committees to prepare the draft general budget law for 2027, in cooperation with the World Bank link

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Tishwash: The First Deputy Speaker of Parliament told NINA: The Minister of Finance and the proposed loan law will soon be presented to Parliament.

Baghdad / NINA / First Deputy Speaker of Parliament Adnan Faihan confirmed that Parliament is awaiting the discussion of the proposed loan law and the hosting of the Minister of Finance in upcoming sessions.

Faihan stated to the National Iraqi News Agency ( NINA ): "The Minister of Finance has officially requested to appear before Parliament to explain the financial crisis and the possible solutions proposed for implementation."

He clarified: "The date for this meeting will be included on the agenda of one of the upcoming sessions."

He added: "The proposed loan and grant law will soon arrive from the government and will be placed on the agenda of Parliament sessions to proceed through the legislative and legal process and be put to a vote."

Regarding the delay in completing the cabinet, Fayhan affirmed that "there is a general trend among the political blocs, the government, and parliament to finalize the cabinet formation, which we expect to reach the House of Representatives soon for a vote." He pointed out that the delay in voting on the remaining ministerial candidates is linked to several factors, including entitlements, such as the Ministry of Interior portfolio, for which a candidate has not yet been decided, as well as a Kurdish disagreement over who will occupy the position of Deputy Prime Minister and who will hold the ministerial portfolio. link

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Tishwash: Iraq Warns Against Illegal Forex and Crypto Trading

At a Glance

Forex and crypto trading prohibited

Illegal market continues to expand

Citizens face significant financial losses

Authorities warn of financial crimes

Information obtained by Channel8 indicates that illegal Forex and cryptocurrency trading continues to expand in Iraq and the Kurdistan Region despite official restrictions, with unregulated platforms exposing users to significant financial and legal risks.

Key Statements and Focus Area

Central Bank of Iraq: Forex and cryptocurrency trading through unauthorized platforms is prohibited.

Kurdistan Region Ministry of Interior: No company or mobile application has been officially licensed to conduct this type of business.

Financial regulators: Restrictions are aimed at preventing money laundering, fraud, illicit financing, and the unauthorized movement of cash outside the country.

Despite the official restrictions, an expanding underground market allows people in Iraq and the Kurdistan Region to trade foreign currencies and cryptocurrencies through unregulated platforms and brokers.

Information obtained by Channel8 indicates that millions of dollars are being exchanged daily through anonymous applications, social media brokers, and informal financial networks.

One of the most common methods is peer-to-peer trading through international cryptocurrency platforms, including Binance and OKX.

Users can also arrange transactions through brokers operating on Telegram and other social media platforms, exchanging physical cash for digital currencies such as USDT.

Some traders use privately issued MasterCards and Visa cards to fund digital wallets. Such transactions can result in bank accounts being suspended.

Unlicensed currency exchange offices also reportedly operate as intermediaries, accepting cash and transferring digital assets to customers.

Iraq currently has no comprehensive legal framework regulating or protecting cryptocurrency trading. Authorities have therefore warned that users engaging with unauthorized platforms have limited legal protection if their funds are lost or stolen.

The restrictions are also intended to combat money laundering, prevent the financing of prohibited organizations, protect citizens from fraud, and limit the movement of physical cash outside the country.

Global data cited in the report indicates that ordinary retail traders face particularly high failure rates.

The UK Financial Conduct Authority and the European Securities and Markets Authority have reported that between 70% and 89% of retail users lose money in certain high-risk trading markets.

The information also indicates that inexperienced traders can lose their capital within a short period, with many accounts reportedly lasting less than 90 days before being depleted.

Professional and institutional traders generally operate with structured risk-management systems and longer-term strategies.

By contrast, ordinary retail users are more likely to rely on short-term speculation, limited financial information, and panic-driven decisions.

Estimates cited in the report place the success rate of ordinary retail traders at around 10% to 15%, compared with 75% to 85% for institutional and professional traders.

FYI

Foreign exchange (Forex) and cryptocurrency trading platforms operate within a decentralized global network that relies entirely on digital matching systems rather than centralized physical exchanges. Because these markets lack a fixed physical location, retail users interact directly with international brokers via electronic applications or peer-to-peer (P2P) networks to trade high-risk assets.

Unlike traditional banking, the rapid fluctuations in digital currency values mean that missing capital can vanish instantly into the digital space without any physical collateral or assets left behind. Due to these structural vulnerabilities, major regulatory bodies like the UK's Financial Conduct Authority (FCA) enforce strict transparency rules worldwide to warn the public about high retail loss rates.

Locally, because Iraq lacks any formal legislative framework to monitor or tax these transactions, the Central Bank of Iraq maintains a total prohibition on digital trading to prevent unregulated cash outflows and protect citizens from international fraudulent schemes. link

DINARRECAPS8 8/23/26 DINARRECAPS8 8/23/26

Seeds of Wisdom RV and Economics Updates Sunday Morning 8-23-26

Good Morning Dinar Recaps,

When U.S. Debt Becomes a Global Market Problem: Bonds and the Dollar Send a New Warning

The United States has crossed the $40 trillion debt threshold at the same time that long-term Treasury yields have surged and the dollar has weakened. The combination is forcing investors to reconsider an assumption that has supported global finance for decades: that higher U.S. yields will automatically strengthen demand for both Treasuries and the dollar.

Good Morning Dinar Recaps,

When U.S. Debt Becomes a Global Market Problem: Bonds and the Dollar Send a New Warning

Overview

U.S. national debt has surpassed $40 trillion, adding urgency to concerns about the cost of financing America's persistent deficits.
The 30-year Treasury yield recently reached about 5.34%, its highest level since 2007, while Treasury has expanded its long-term bond buyback operations in an effort to support market liquidity.
At the same time, the dollar has weakened despite elevated Treasury yields, creating an unusual combination that is drawing greater attention from global investors.

Key Developments

1. $40 trillion marks a new stage for U.S. debt

The U.S. national debt has now crossed $40 trillion for the first time.

The milestone itself does not mean a financial crisis is imminent. The United States continues to possess enormous economic capacity and the dollar remains the world's dominant reserve currency.

The concern is what happens when the debt burden continues growing while the government must refinance and issue enormous quantities of new securities.

The question increasingly becomes:

How much yield must the Treasury offer to keep attracting capital?

That question matters because even a relatively small increase in the average interest rate paid on government debt can eventually translate into hundreds of billions of dollars in additional annual interest expense.

Reuters reported that U.S. interest payments have already exceeded $1 trillion annually.

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

2. Long-term Treasury yields are sending a warning

The 30-year Treasury yield climbed to approximately 5.34% this week, the highest level since 2007.

This is particularly significant because long-term Treasury yields influence borrowing costs throughout the financial system.

Mortgages, corporate bonds, infrastructure financing and other long-duration assets are all affected by the Treasury benchmark.

Reuters described this week's move as part of a global bond-market selloff, with investors concerned about U.S. fiscal stability, inflation and the future direction of Federal Reserve policy.

The Treasury has responded by doubling the size of certain long-term bond buyback operations to at least $4 billion per operation.

That helped push yields lower temporarily, but the market subsequently regained some of the lost ground.

This distinction is important.

The Treasury can improve liquidity in the bond market. It cannot eliminate the underlying supply of government debt or the fiscal deficits creating that supply.

3. The dollar is behaving differently than traditional models would suggest

Under normal circumstances, higher U.S. interest rates can make dollar assets more attractive.

Investors earn more by holding Treasury securities, and demand for those securities can support the dollar.

But the current environment is producing a different signal.

Long-term yields are rising while the dollar is weakening.

MarketWatch reported that the dollar suffered a significant decline following Treasury's expanded buyback announcement, as investors questioned whether the intervention could address the deeper fiscal issues behind the bond-market pressure.

That doesn't mean investors have abandoned the dollar.

It does suggest that higher yields are no longer automatically being interpreted as a positive signal for the currency.

Instead, investors may increasingly be asking why yields are rising.

If yields rise because the economy is strong, that can be supportive for the dollar.

If yields rise because investors require greater compensation for inflation, fiscal deficits or debt-related risk, the currency response can be very different.

4. The Treasury market is becoming the transmission mechanism

This is where the story becomes much larger than the United States.

The Treasury market sits at the center of global finance.

It provides a benchmark for pricing everything from corporate debt to mortgages and is a major source of liquid assets for banks, funds and international investors.

The Brookings Institution describes the Treasury market as a critical channel for government financing, Federal Reserve policy and the global pricing of financial assets.

That means a sustained repricing of U.S. government debt doesn't stay confined to Washington.

It can flow into:

Global interest rates
Currency markets
Stock valuations
Emerging-market borrowing costs
Real estate
Commodity prices
Sovereign debt markets around the world

In other words:

The Treasury market is one of the main transmission mechanisms through which U.S. fiscal problems can become global financial problems.

Why This Matters

For decades, the United States benefited from an extraordinary financial advantage.

The dollar was the world's dominant reserve currency, while Treasury securities were treated as among the safest and most liquid assets available.

That created a reinforcing cycle:

Global demand for Treasuries → demand for dollars → lower U.S. borrowing costs → continued Treasury issuance → continued global use of the dollar.

The system is still functioning.

But today's market action raises an important question:

What happens if investors begin demanding substantially more compensation to absorb additional U.S. debt?

That would represent a structural change even if the dollar remains the world's leading reserve currency.

Why It Matters to Foreign Currency Holders

This is especially important for foreign-currency holders because the value of a currency cannot be separated completely from the financial system supporting it.

The dollar remains extraordinarily important to international trade, banking and reserves.

But foreign investors are increasingly looking at total return rather than yield alone.

A Treasury yielding 5% may appear attractive.

But if the dollar declines significantly against another currency, the return for a foreign investor can be substantially reduced when converted back into that investor's home currency.

That means the relationship between Treasury yields and the dollar deserves close attention.

Higher U.S. yields are not automatically bullish for the dollar if investors believe those yields reflect rising fiscal or inflation risk.

Implications for the Global Financial Reset

The repricing is happening inside the existing system.

There is no evidence that the dollar-based financial system is about to disappear overnight.

Instead, the system is being repriced through interest rates, debt costs, currencies and capital flows.

Sovereign debt is becoming increasingly important to global financial stability.

The $40 trillion U.S. debt milestone comes at a time when many other major economies are also confronting elevated debt and borrowing requirements.

The dollar-Treasury relationship is being tested.

The unusual combination of higher long-term yields and a weaker dollar deserves attention because it suggests that yield alone may no longer be enough to determine currency demand.

Central banks face a narrower policy corridor.

If inflation remains elevated, cutting rates becomes more difficult.

But if governments must pay increasingly high rates to finance debt, keeping rates high becomes increasingly expensive.

That creates a difficult collision between monetary policy and fiscal sustainability.

Alternative assets can benefit from uncertainty.

The same concerns surrounding debt, inflation and currency purchasing power can increase interest in gold and other assets that are not directly tied to government debt.

That does not mean every alternative asset will rise. It means the incentive to diversify can increase when confidence in traditional fixed-income assets is being reassessed.

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What to Watch Next

Whether the 30-year Treasury yield remains around or above 5%.
Whether the Treasury expands its bond-buyback program again.
Whether the dollar continues weakening despite elevated U.S. yields.
What new Treasury issuance will look like over the coming quarters.
Federal Reserve Chairman Kevin Warsh's policy signals, particularly regarding inflation and long-term rates.
Whether foreign investors continue increasing or reducing their Treasury exposure.
Whether rising U.S. yields begin producing greater pressure in other sovereign bond markets.

Bottom Line

The important development is not simply that U.S. debt has reached $40 trillion.

It is the combination of three signals appearing at the same time:

–A record debt burden.

–Elevated long-term Treasury yields.

–A dollar that is not strengthening in proportion to those yields.

The United States still has enormous financial advantages, and the dollar remains the world's dominant reserve currency. This is not a prediction of imminent dollar collapse.

But the market is asking a different question than it did in the era of ultra-low interest rates.

How much does the United States have to pay to keep financing its debt—and what happens to the dollar if investors increasingly view that yield as compensation for risk rather than simply an attractive return?

That is the development worth watching.

The next stage of the global financial reset may not begin with the replacement of the dollar. It may begin with the gradual repricing of the debt, the bonds and the currency that have supported the existing financial system.

Seeds of Wisdom Team
Newshounds News

Sources

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🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different: • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents. Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

DINARRECAPS8 8/23/26 DINARRECAPS8 8/23/26

Iraq Economic News and Points To Ponder Late Saturday Evening 8-22-26

A Crisis Of Confidence And A Cash Economy: Around 97 Trillion Iraqi Dinars Are Outside The Banking System

Shafaq News - Baghdad Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments.

A Crisis Of Confidence And A Cash Economy: Around 97 Trillion Iraqi Dinars Are Outside The Banking System

This reality reopens the file on the relationship between citizens and banks, the reasons for the continued preference for cash, and the repercussions of a cash economy on the movement of money and economic activity, especially with the presence of dozens of banks operating in the country.

Money Outside Banks

The Prime Minister's financial advisor, Mazhar Muhammad Saleh, told Shafaq News Agency that "the fact that some cash remains outside the banking system represents one of the challenges facing the Iraqi economy, given the limited benefit the banking sector derives from these funds in deposit and credit operations, and in financing projects and investments."

Saleh explains that “money hoarded in cash, whether by households or companies, remains outside the scope of financial intermediation, which limits the ability of banks to employ savings in financing economic activity, and increases reliance on cash and the informal economy, in addition to the high cost of cash transactions and weak financial transparency.”

He emphasizes that "the problem does not lie in the use of cash itself, but rather in its transformation into a means of hoarding savings instead of directing them through financial channels towards investment and production."

He points out that “returning these funds to the economic cycle requires building trust in banks and providing real incentives for saving, through developing savings products, offering competitive returns on deposits, enhancing depositor protection, improving banking services, reducing the cost and procedures for opening accounts and transfers, and expanding electronic payments, digital wallets, and points of sale.”

Saleh concludes that "the process should not stop at the transfer of money from homes to banks, but should move from deposits to credit, from credit to investment, and ultimately to production and job creation."

The Amount Of Money Outside Banks

In contrast, financial expert and former Director General of the Central Bank, Mahmoud Dagher, offers a different interpretation of the nature of funds outside banks, stressing that they do not all represent hoarded funds.

Dagher told Shafaq News Agency that "the amount of cash issued is about 105 trillion dinars, of which about 8 trillion dinars are inside the banking system, while about 97 trillion dinars are outside it."

He explains that “about two-thirds of the money outside the banking system is used to settle cash payments between merchants, real estate sales and purchases, and pay salaries and wages, while hoarding may represent about a quarter of the money outside banks.”

Dagher links the continued reliance on cash to “insufficient trust in banks, along with prevailing customs in Iraqi society and the slow transition to electronic payment,” noting that “the transition to a broad electronic payment system requires a long period of time, with the continued development of banks and payment tools.”

The figures for monetary issuance highlight the importance of the discussion regarding the amount of money circulating outside banks. However, monetary issuance does not necessarily mean that the entire amount represents money hoarded by citizens, nor does its increase automatically mean the printing of new money.

According to Dagher's reading, the majority of money outside banks enters the market and settles cash payments, which makes distinguishing between circulating cash and hoarded money essential when assessing the size of the problem.

Cash Presence

Despite the presence of a large number of banks, cash transactions still occupy a large part of economic activity in Iraq.

The number of operating banks reached 72, including 7 government banks and 65 private banks. However, the large number of banks does not necessarily mean a high level of banking transactions, as the main challenge remains the extent to which citizens and companies use banks for saving, payment and financing.

The Central Bank is working to promote financial inclusion and expand the customer base of the banking system, in addition to expanding electronic payment methods and spreading financial literacy.

First Choice For Iraqis

Economic expert and professor of political science at Dhi Qar University, Najm Abdul Tarish, told Shafaq News Agency that "the continuation of the cash economy is linked to a set of overlapping factors, including weak confidence in banks, deeply rooted habits of dealing in cash, the expansion of the informal economy, as well as the limited use of electronic payment in some activities."

He adds that "the problem does not lie in the existence of cash within the economy, as it is a natural part of any financial system, but rather in cash becoming the primary means of settling transactions and holding savings, which reduces the money that passes through banks and limits their ability to create credit and finance economic activity."

Available data indicates that the number of payment cards in Iraq has exceeded 20 million, but their actual use is still less than their widespread use, while a number of cardholders primarily use the accounts to withdraw salaries rather than use them for daily purchases and payments.

Possible Solutions

Addressing the problem does not stop at returning the funds to the banks, as the ultimate goal is to bring them back into the economic cycle more efficiently.

When money is converted into deposits, it can give banks greater ability to provide credit, and when credit is converted into investment and productive projects, this can be reflected in growth, job creation, and increased economic activity.

Therefore, the challenge facing Iraq is not only the amount of money outside the banks, but also building a banking system that makes the citizen and the merchant find in the bank a safer, more useful and easier way than keeping money and dealing with it in cash.

Ultimately, the large amount of cash outside the banking system reveals the continued dependence of the Iraqi economy on cash transactions, at a time when the banking sector is seeking to increase its role in savings, credit, and financing the economy.

While Mazhar Muhammad Saleh believes that returning funds to the banking system requires restoring confidence and stimulating savings, Mahmoud Dagher points out that the largest portion of funds outside banks actually moves in the market and does not represent complete hoarding, while Najm Abdul Tarish links the continuation of the cash economy to weak confidence, prevailing habits, and the limited use of electronic payment.

The transition from a cash-based economy to one more reliant on banks and electronic payments remains linked to the banking sector’s ability to restore confidence, provide more efficient services, and transform funds from mere cash transactions into deposits, credit, investment, and production.

https://www.shafaq.com/ar/تقارير-وتحليلات/زمة-ثقة-واقتصاد-كاش-نحو-97-تريليون-دينار-عراقي-خارج-الجهاز-المصرفي

Exclusive: Parliament Hosts Finance Minister To Discuss The Financial Crisis And Solutions

Shafaq News - Baghdad The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, revealed on Saturday that the Minister of Finance, Faleh Al-Sari, is expected to be hosted in Parliament to discuss the details of the financial crisis facing Iraq.

He added that "the borrowing law will be included on the agenda of one of the upcoming sessions for its first reading."

https://www.shafaq.com/ar/سیاسة/خاص-البرلمان-يستضيف-وزير-المالية-لبحث-ال-زمة-المالية-والحلول

"The New Dinar Alone Is Not Enough," Says Ziad Al-Hashemi: Changing The Currency Without Institutions Capable Of Tracking Suspicious Funds Could Lead To Costly Reforms.

Baghdad - One News The debate over changing the Iraqi currency and removing zeros has reopened a broader issue than just the shape of the dinar or its nominal value, after economist Ziad al-Hashemi considered that the project, if presented within an integrated vision, could turn from a monetary and accounting procedure into a tool to restore part of the government’s control over the money supply and contain the funds accumulated outside the official financial system.

Al-Hashemi said in a post on the “X” platform that the conflicting statements regarding the issue, between talk of a trend to change the currency and political confirmations in this direction, versus the denial of the existence of a plan to implement it, have put the public in a state of ambiguity, coinciding with rising prices and the sensitivity of any talk related to the future of the dinar.

He believed that this contradiction opens the possibility that raising the issue was a "trial balloon" to gauge public opinion before any decision was made, or an early attempt to create a popular stance against the idea and block it before it moves to the implementation stage.

Al-Hashemi explained that changing the currency is not a simple technical decision that can be implemented in isolation from the political and economic environment, but rather a process that requires extensive financial, banking and institutional requirements, and may encounter political obstacles capable of disrupting the project even if its economic justifications are available.

He pointed out that concerns about prices, inflation, and implementation costs remain real and cannot be ignored, stressing that removing zeros alone does not create economic reform unless it is linked to production, development, and the development of the banking system.

But Al-Hashemi stressed the need to separate the change of currency with the aim of simplifying accounting figures and transactions, from its use within a broader project aimed at readjusting the movement of money, tightening the noose on corruption funds, and regaining control over as much as possible of the monetary mass issued and circulating outside the official system.

According to his view, currency replacement may force large amounts of cash stored outside banks to return to exchange channels, giving institutions a greater opportunity to scrutinize the movement of funds, provided they have the necessary legal and regulatory tools to deal with suspicious funds.

Al-Hashemi believes that the unique nature of the Iraqi economy makes assessing reforms solely from the perspective of their direct costs insufficient, as some measures may impose short-term negative effects in exchange for longer-term strategic gains related to reorganizing the economy and reducing the influence of corruption networks.

He stressed that the real test of the project will not be in the design of the new dinar or the number of zeros removed, but rather in the government’s ability to turn the replacement process into an opportunity to reorganize the monetary mass, uncover funds outside the official cycle, and curb illicit funds.

Al-Hashemi concluded that the project's success remains contingent on the existence of a government and institutions possessing the will and ability to confront corruption, while changing the currency without these requirements could impose a heavy cost on the economy without achieving genuine reform. https://1news-iq.net/الدينار-الجديد-وحده-لا-يكفي-زياد-اله/

DINARRECAPS8 8/22/26 DINARRECAPS8 8/22/26

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 8-22-26

Good Afternoon Dinar Recaps,

Oil Is Forcing Central Banks Back Toward Tightening: The Global Inflation-Debt Collision

The Iran conflict is creating a new problem for policymakers: oil and energy costs are pushing inflation higher at the same time that governments are already carrying heavy debt loads. For the global financial system, the question is becoming whether central banks can fight inflation without making sovereign debt and economic growth problems worse.

Good Afternoon Dinar Recaps,

Oil Is Forcing Central Banks Back Toward Tightening: The Global Inflation-Debt Collision

Overview

Oil-driven inflation is changing expectations for central-bank policy, particularly in Europe, where markets are increasingly pricing a more hawkish ECB.
The Iran conflict has transformed energy prices into a monetary-policy issue, with higher oil and critically low European gas inventories threatening to keep inflation elevated.
At the same time, governments face rising borrowing costs and heavy debt burdens, creating a collision between inflation control and debt sustainability.

Key Developments

1. The ECB is being pushed toward a more hawkish position

Markets are increasingly preparing for the possibility that the European Central Bank will need to raise interest rates again as the energy shock from the Iran conflict works its way through the European economy.

Reuters reported Friday that traders are now pricing the ECB's deposit rate at nearly 3% by late 2027, a significant change from expectations only weeks earlier. Higher oil prices, tight refined-fuel supplies and extremely low European natural-gas inventories are all increasing the risk that energy inflation persists into the winter.

That matters because Europe was already dealing with a difficult growth environment.

The ECB is therefore facing the classic central-bank dilemma:

Raise rates to suppress inflation → risk weakening growth and increasing debt-service costs.

Hold rates down → risk allowing an energy shock to become embedded in broader inflation.

2. Oil has become a monetary-policy problem

The original shock came from the geopolitical conflict.

But the financial consequences extend far beyond the oil market.

Higher crude prices raise transportation and production costs, which can eventually feed into food, manufactured goods, services and consumer prices.

The ECB has already acknowledged that the energy shock from the Middle East conflict has altered its inflation outlook. Its June projections raised the 2026 inflation forecast because higher energy prices were expected to feed through into other areas of the economy.

This is particularly important because central banks cannot produce more oil with higher interest rates.

They can only attempt to reduce demand enough to prevent the temporary energy shock from becoming a persistent inflation cycle.

That makes this a fundamentally different inflation problem from one driven primarily by excessive domestic demand.

3. The Fed faces a different version of the same problem

The Federal Reserve has somewhat more room than the ECB because U.S. inflation has recently shown signs of easing.

But inflation remains above the Fed's 2% target, while the labor market has weakened.

Reuters reported last week that the combination of cooling inflation and a softer labor market could make it more difficult for Fed policymakers to justify additional tightening, even though inflation remains elevated.

That puts the Fed in a difficult position if oil rises again.

If the central bank responds aggressively to an energy-driven inflation increase, it could further weaken employment and economic activity.

If it ignores the inflation shock, expectations could become less firmly anchored.

The Fed therefore has to distinguish between inflation it can control and inflation it can only react to indirectly.

4. Debt makes the inflation problem much more dangerous

This is where the story becomes particularly important for the global financial reset.

Governments around the world have accumulated enormous amounts of debt.

Higher interest rates mean that refinancing that debt becomes increasingly expensive.

That creates a three-way collision:

Oil rises → inflation rises → central banks keep rates higher → government debt becomes more expensive to finance.

The bond market then becomes the transmission mechanism.

Higher sovereign yields increase government interest costs while simultaneously raising borrowing costs throughout the economy.

Recent pressure in global bond markets has already demonstrated how difficult it can be for governments to keep long-term borrowing costs contained when investors demand greater compensation for inflation and fiscal risk.

Why This Matters

The significance of today's story isn't simply whether the ECB or Fed raises rates.

It is the interaction between energy, inflation, interest rates and sovereign debt.

For years, central banks could respond to economic weakness with lower interest rates and governments could borrow relatively cheaply.

The current environment is different.

If oil remains elevated, central banks may have less freedom to cut rates, even when economic growth is slowing.

That creates the possibility of a more difficult economic environment:

Higher inflation + slower growth + higher debt costs.

That is the combination policymakers most want to avoid.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, this is an important development because interest-rate differentials are one of the major forces behind currency movements.

If the ECB becomes more hawkish while expectations for the Fed remain relatively restrained, the euro could receive additional support against the dollar.

But the broader currency impact depends on what happens to energy prices and economic growth.

Energy-importing countries can experience a particularly difficult trade-off:

Higher oil prices increase the cost of imports while tighter monetary policy raises domestic borrowing costs.

That can put pressure on currencies even when their central banks are raising rates.

This is why the next phase of currency markets may be driven less by simple interest-rate comparisons and more by which economies can absorb the energy shock without destabilizing their debt markets.

Implications for the Global Financial Reset

Energyis becoming part of monetary policy.

The Iran conflict demonstrates how a geopolitical event can move directly from oil markets into central-bank decisions.

Sovereign debt is becoming increasingly sensitive to inflation.

If inflation remains elevated, investors may demand higher yields. That increases government financing costs precisely when debt burdens are already high.

Central banks are losing some of their policy flexibility.

A central bank can cut rates to support growth, or raise them to fight inflation—but an oil shock can require the economy to deal with both problems simultaneously.

The global financial system is becoming more fragmented around energy and monetary policy.

Oil-importing and oil-exporting nations experience the same shock very differently. That can produce divergent interest-rate policies, currency movements and capital flows.

The reset is increasingly about repricing rather than replacement.

There is still no evidence of a single event that will suddenly replace the dollar-based financial system.

Instead, the architecture is being repriced through bonds, currencies, commodities, interest rates and reserve management.

That gradual repricing may ultimately be more important than a dramatic one-day reset.

What to Watch Next

Oil prices and developments surrounding the Strait of Hormuz.
Whether higher energy costs begin appearing more clearly in European inflation data.
ECB signals regarding additional rate increases.
Federal Reserve commentary on whether inflation or employment represents the greater policy risk.
European natural-gas inventories heading into winter.
Long-term government bond yields in the U.S. and Europe.
Whether emerging-market central banks are forced to follow the major central banks rather than pursue independent easing.

Bottom Line

The global financial system is entering a more complicated monetary environment.

Oil is no longer simply an energy-market story. It is becoming an interest-rate story, a bond-market story and ultimately a debt story.

The ECB is already being pushed toward a more hawkish stance as traders assess the possibility of prolonged energy inflation, while the Fed faces the opposite problem of balancing still-elevated inflation against a softer labor market.

And underneath both decisions sits the same structural problem:

Governments have accumulated enormous debt, making prolonged high interest rates increasingly expensive.

That is why the interaction between oil, central banks and sovereign debt deserves close attention.

The next major move in the global financial reset may not come from a central bank announcement—it may come from the collision between energy prices, inflation and the cost of financing the world's debt.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

DINARRECAPS8 8/22/26 DINARRECAPS8 8/22/26

Iraq Economic News and Points To Ponder Saturday Afternoon 8-22-26

Iraq Secures Alternative Oil Export Routes Amid Hormuz Disruptions

2026-08-21 Shafaq News- Baghdad Iraq has secured alternative routes for oil exports and activated border crossings to sustain trade as disruptions through the Strait of Hormuz strain the country’s economy, Prime Minister Ali Faleh Al-Zaidi announced on Friday.

Iraq Secures Alternative Oil Export Routes Amid Hormuz Disruptions

Speaking at the eighth Baghdad International Dialogue Conference, Al-Zaidi said the government has “more than one solution” to manage the regional crisis. He acknowledged “difficult and challenging circumstances,” calling restrictions in Hormuz a major economic obstacle and noting that the waterway “did not close even during the harshest days of the sanctions.”

Iraq, OPEC’s second-largest producer, relies on crude for about 90% of federal revenue, making the Strait —normally a conduit for roughly one-fifth of global oil supplies— critical to the country’s finances. Oil Minister Basim Al-Abadi recently put July exports at about 49 million barrels, while shipments have averaged around two million barrels per day since early August, their highest level since the crisis began. Al-Zaidi this week ordered oil companies to operate around the clock to boost output.

Over the next six years, Al-Zaidi said the government aims to raise Iraq’s OPEC production quota to between eight and 10 million barrels per day.

He added that the draft budget for next year would soon be submitted, with electricity and solar power among its priorities, and assured public employees and retirees that government payments remain secure. Al-Zaidi projected that changes to domestic fuel consumption under a new economic model would save 17.8 trillion Iraqi dinars ($13.53B) annually.

On weapons outside state authority, the premier indicated that political forces had agreed on the principle of bringing them under government control and were working out a mechanism for handing them over, ruling out armed confrontation with factions. He also maintained that the government’s anti-corruption campaign retains broad political backing.

Organized by the Iraqi Dialogue Institute, the eighth Baghdad International Dialogue runs through Aug. 22, bringing together government, political, diplomatic, and academic figures to examine developments in Iraq and the region.

https://www.shafaq.com/en/Economy/Iraq-secures-alternative-oil-export-routes-amid-Hormuz-disruptions

Basrah Crude Gains Over 28% On Week

2026-08-22 Shafaq News- Basrah Basrah Heavy and Basrah Medium crude each gained $18.51 a barrel over the week, rising 30.16% and 28.62%, respectively.Both grades also rose in the final trading session, tracking gains in global oil prices.

Basrah Heavy gained $1.53 a barrel, or 1.95%, in the final session to settle at $79.89. Basrah Medium also rose $1.53 a barrel, or 1.87%, to close at $83.19.

Global oil prices moved higher. West Texas Intermediate gained $0.01, or 0.01%, to $86.84 a barrel, while Brent climbed $0.27, or 0.29%, to $94.05. https://www.shafaq.com/en/Economy/Basrah-crude-gains-over-28-on-week

Iran Allows Iraqi Oil Tankers Through Hormuz

2026-08-22 Shafaq News- Tehran Iran has allowed a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad, state-run Iranian media reported on Saturday.

The outlets did not specify how many tankers received permission, when they would cross or how much crude they were carrying.

Iraqi Parliament Speaker Haibet Al-Halbousi had urged Tehran to give Iraqi oil exports “special consideration” through Hormuz during talks in Baghdad with his Iranian counterpart Mohammad Bagher Ghalibaf, who pledged to “raise the issue” after returning to Iran.

Iraq has also been seeking arrangements with Iran and the United States to secure crude shipments through the waterway. A government source told Shafaq News earlier this week that the State Organization for Marketing of Oil (SOMO) was negotiating with US and German shipping companies over Iraqi-flagged tankers.

Kpler data showed only seven commodity vessels crossed the strait on Thursday, down from 14 a day earlier, with no very large crude carriers or liquefied natural gas tankers among them.

The disruption has sharply reduced Iraq’s southern crude exports. Shipments averaged about 1.4 million barrels per day in July, up from roughly 500,000 bpd in June and 100,000 bpd in May, but still well below pre-disruption Basrah exports of more than 3.3 million bpd.

Baghdad is also pursuing alternative export routes through Turkiye, Syria, and Jordan to reduce its dependence on Hormuz. A proposed pipeline to Syria’s Baniyas port could take about four years to build and cost at least $15 billion.

https://www.shafaq.com/en/Economy/Iran-allows-Iraqi-oil-tankers-through-Hormuz

US Dollar Rises Against Dinar In Baghdad And Erbil

2026-08-22 Shafaq News- Baghdad/ Erbil The US dollar edged higher against the Iraqi dinar on Saturday, hovering around 154,000 dinars per $100 in Baghdad and Erbil, the capital of the Kurdistan Region.

At the Al-Kifah and Al-Harithiya exchanges in Baghdad, the dollar traded at 154,300 dinars per $100, up from 154,150 dinars on Thursday, according to a Shafaq News market survey.

In Baghdad's local exchange shops, the selling price reached 154,750 dinars per $100, while the buying price stood at 153,750 dinars.

Rates rose in Erbil as well, where the dollar sold at 154,050 dinars per $100 and was bought at 154,000 dinars.

https://www.shafaq.com/en/Economy/US-Dollar-rises-against-dinar-in-Baghdad-and-Erbil

Gold climbs past 1M IQD in Baghdad and Erbil

2026-08-22 Shafaq News- Baghdad/ Erbil On Saturday, gold prices hovered around one million IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 1,006,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,002,000 IQD. The same gold sold for 980,000 IQD on Thursday.

The selling price for 21-carat Iraqi gold stood at 976,000 IQD, while the buying price reached 972,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,005,000 and 1,015,000 IQD, while Iraqi gold sold for between 975,000 and 985,000 IQD.

https://www.shafaq.com/en/Economy/Gold-climbs-past-1M-IQD-in-Baghdad-and-Erbil

Iraqi Trucks Join TIR Transit Routes For First Time

2026-08-22 Shafaq News- Baghdad Iraqi trucks have begun operating under the international TIR transit system for the first time, joining cross-border routes that had previously been handled exclusively by foreign carriers inside Iraq, the General Company for Land Transportation announced on Saturday.

Company Director Murtadha Al-Shahmani put the number of TIR journeys across Iraqi territory since the system became operational at more than 5,000. Administered by the International Road Transport Union (IRU), the network connects more than 79 countries, including Iraq.

Al-Shahmani said Iraqi trucks had begun transporting cargo from Saudi Arabia through the Arar border crossing toward Central Asia, which he called “an opportunity to generate revenue from Iraq’s position as a regional transit corridor.”

https://www.shafaq.com/en/Economy/Iraqi-trucks-join-TIR-transit-routes-for-first-time

Kirkuk Targets 1M Bpd Oil Exports Through Turkiye

026-08-22 Shafaq News- Kirkuk Iraq aims to raise crude exports through Turkiye to one million barrels per day (bpd) as Kirkuk expands production capacity, Governor Mohammed Samaan Agha told Shafaq News on Saturday.

Agha said a Turkish deputy energy minister is expected to visit Kirkuk soon for talks on oilfield development, energy infrastructure and bilateral cooperation, particularly crude exports.

He linked the export target to Iraq’s agreement with BP to redevelop major Kirkuk fields, including the Baba and Avanah domes and the Bai Hassan, Jambur and Khabbaz fields.

The fields contain more than 3 billion barrels of oil equivalent in initial gross recoverable resources. ConocoPhillips agreed in July to acquire a 42% stake in BP Energy Company of Kirkuk Limited, while Turkiye’s state-owned TPAO agreed to acquire 15%.

On August 1, Iraq and Turkiye signed a one-year agreement to continue transporting crude through the Iraq-Turkiye Pipeline to Ceyhan, covering about 750,000 bpd of capacity while negotiations continue over a broader framework.

Actual northern exports remain well below that level. Shafaq News reported on August 13 that flows through the route had fallen to around 130,000 bpd because of production suspensions in the Kurdistan Region and the halt of some Basrah crude shipments routed north.

Prime Minister Ali Al-Zaidi previously said Iraq aims to raise national oil output to between 8 million and 10 million bpd within six years while expanding export routes through Turkiye, Syria, and Jordan.

https://www.shafaq.com/en/Economy/Kirkuk-targets-1M-bpd-oil-exports-through-Turkiye

Iraq’s State Banks Scale Back Lending Without Credit Plans

2026-08-22 Shafaq News- Baghdad Most of Iraq’s state-owned banks have halted or sharply curtailed lending and several are operating without clear credit plans for 2026, an informed source told Shafaq News on Saturday.

The source said the lack of credit plans has restricted financing across a range of services, including construction and renovation loans, funding for small and medium-sized enterprises (SMEs), investment and housing projects, and electronic personal advances.

The source said the slowdown was weakening the role of state banks in financing Iraq’s economy, particularly for SMEs and investors seeking funds to launch or expand projects.

The source called on the government, parliament and its Finance Committee to examine the banks’ lending activity and question bank management over the decline in lending and advances, the absence of credit plans and limited investment financing.

Restoring lending programs is essential to supporting investment and stimulating economic activity, the source said, noting that the government program calls for investment support through loans and banking initiatives.

The source also urged state banks to adopt clear credit plans with measurable targets to direct financing toward productive sectors and investment projects and strengthen the banking system’s role in economic development.

In February, major state-owned banks, including Rafidain and Rasheed, had halted loans and advances amid liquidity shortages and a lack of clear credit planning.

Earlier this month, the government began considering leadership changes at several state banks, with managers expected to be evaluated partly on their ability to expand access to loans, salary advances and other banking services.

https://www.shafaq.com/en/Economy/Iraq-s-state-banks-scale-back-lending-without-credit-plans

Parliament To Hear Finance Minister On Iraq’s Financial Crisis

2026-08-22 Shafaq News- Baghdad Iraqi Finance Minister Faleh Al-Sari has requested to appear before parliament to explain the country’s financial crisis and proposed solutions, First Deputy Speaker told Shafaq News on Saturday.

Adnan Fayhan said the request would be placed on the agenda of an upcoming parliamentary session, with a date expected to be set within days. He added that a borrowing bill would also be listed for a first reading.

Earlier this week, Al-Sari said a financial shortfall had disrupted payments to public employees, pensioners, and social welfare recipients, with monthly salary obligations reaching about 7.8 trillion Iraqi dinars (about $5.95 billion).

https://www.shafaq.com/en/Economy/Parliament-to-hear-finance-minister-on-Iraq-s-financial-crisis

Dinar Recaps 20 8/22/26 Dinar Recaps 20 8/22/26

MilitiaMan & Crew: The Truth About Cash: Don't Get Left Behind

MilitiaMan & Crew: The Truth About Cash: Don't Get Left Behind

8/22/2026

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

MilitiaMan & Crew: The Truth About Cash: Don't Get Left Behind

8/22/2026

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

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=scEquERiDkA

Dinar Recaps 20 8/22/26 Dinar Recaps 20 8/22/26

Saturday Iraq News Posted by Tishwash at TNT 8-22-2026

TNT:

Tishwash: The governor of Kirkuk clarifies the implications of his statements regarding Article 140 and affirms: The relationship between Kurds and Turkmen is historical.

Kirkuk Governor Mohammed Samaan clarified the implications of his recent statements regarding Article 140 of the Iraqi Constitution, stressing that his remarks did not target any specific group, but rather highlighted the legal obstacles surrounding land ownership in the province, most of which is owned by Kurdish and Turkmen citizens.

Samaan explained that the ongoing legal disputes over the ownership of those lands are hindering the governorate's efforts to distribute residential plots to employees, noting that Article 140 has not yet succeeded in finding radical solutions to this issue.

‍TNT:

Tishwash: The governor of Kirkuk clarifies the implications of his statements regarding Article 140 and affirms: The relationship between Kurds and Turkmen is historical.

At the same time, he emphasized the depth of the historical relations between the Kurds and the Turkmen, noting that Article 140 represents a constitutional text that is respected and agreed upon by all parties.

In another matter related to the financial file, the governor of Kirkuk revealed that there are outstanding financial obligations owed to contractors by the governorate, estimated at about 250 billion dinars, explaining that he took over his duties in light of accumulated financial debts and previous debts.

He confirmed that communication and efforts are continuing with the federal government in Baghdad to secure a portion of these entitlements and disburse them to those who are entitled. link

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Tishwash: Government spokesperson: We are preparing to complete the sovereignty process on September 30th.

Government spokesman Haider al-Aboudi confirmed on Friday that the first 100 days of Prime Minister Ali Faleh al-Zaidi’s government represent a launch towards a clearer path to consolidate state sovereignty, noting that the government has been working since gaining the confidence of the House of Representatives on May 14, 2026, to translate its sovereign priorities through executive plans.

Al-Aboudi said in statements followed by Kalima News, “The government held 15 cabinet sessions during the past 100 days, and the standard of its performance was based on taking responsibility for the decision, strengthening sovereignty, protecting national independence, and building foreign relations based on common interests.”

He added that "the government is moving forward towards a state that protects its citizens, addresses emerging and inherited challenges, and continues institutional and economic reform to ensure a decent living and prevent risks that threaten public revenues."

He pointed out that "September 30th represents a crucial milestone for completing the path to sovereignty, so that Iraq will be 'fully sovereign' in its decisions, security, and land, free from any external dictates, and without the presence of any force outside the authority of the state."

He explained that "this path is based on constitutional and legal powers, and adheres to the government's program to restrict weapons to the authorized military and security institutions, stressing that the choice is sovereign and constitutional to complete the building of a state of law capable of protecting its territory and national decision."

Al-Aboudi stressed that “Iraq’s sovereignty is not ‘divisible,’ but that does not prevent Iraq from opening up to its regional and international environment based on mutual respect and common interests, from the position of an independent state.”

He concluded by saying: "The first hundred days are the beginning of a clearer path, in which the state advances with its institutions, and Iraq advances with its confidence and ability to protect its security, interests, and national decision." link

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

Tishwash: A crisis of confidence and a cash economy: Around 97 trillion Iraqi dinars are outside the banking system.

Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

Money outside banks

The amount of money outside banks

Cash presence

Despite the presence of a large number of banks, cash transactions still occupy a large part of economic activity in Iraq.

The Central Bank is working to promote financial inclusion and expand the customer base of the banking system, in addition to expanding electronic payment methods and spreading financial literacy.

First choice for Iraqis

Possible solutions

Addressing the problem does not stop at returning the funds to the banks, as the ultimate goal is to bring them back into the economic cycle more efficiently.

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

Tishwash: Al-Aboudi: September 30th is a milestone for consolidating state authority and limiting power.

Government spokesman Haider al-Aboudi affirmed that the first 100 days of Prime Minister Ali Faleh al-Zaidi’s government represent the beginning of a clearer path to consolidate state sovereignty, noting that the government has been working since gaining the confidence of the House of Representatives on May 14, 2026, to address national issues according to “state logic.”

Al-Aboudi said, in a statement followed by (Al-Mada), that the government, after one hundred days and holding 15 cabinet sessions, has been keen since its first day to ensure that the standard of its performance is “bearing responsibility in decision-making, consolidating state sovereignty, and protecting national decisions from dictates,” in addition to strengthening Iraq’s foreign relations on the basis of mutual interests.

He added that the government is moving towards building a state that protects its citizens and addresses inherited and emerging challenges, in parallel with continuing institutional and economic reform in a way that ensures a decent life and reduces the risks that threaten public treasury revenues.

Al-Aboudi pointed out that the government views September 30 as a pivotal moment in completing the path of national sovereignty, until Iraq is fully sovereign in its decisions, security, and land, and no will is imposed on it from outside its institutions, nor do the instruments of power remain outside the authority of the state.

He explained that implementing this path is based on the constitutional and legal powers of the government and its program to consolidate state authority and confine the instruments of power to the legally authorized military and security institutions, stressing that the issue represents a “state choice and constitutional commitment,” and is not a separate procedure from the project of building state institutions.

The government spokesman stressed that all instruments of power should be under the command of the state, and that sovereign decisions should be issued exclusively by its constitutional institutions, in order to ensure the rule of law and the protection of Iraqi lands and national decision-making.

He added that “Iraq’s sovereignty is not subject to division,” while stressing that Baghdad continues to be open to its regional and international surroundings and to establish its foreign relations on the basis of mutual respect and common interests, starting from the position of an independent state capable of making its own decisions.

Al-Aboudi concluded that the first hundred days are just the beginning of a path through which the government seeks to strengthen the authority of state institutions and their ability to protect security, interests and national decision-making, considering that the next stage will witness greater clarity in the implementation of these directions. link

DINARRECAPS8 8/22/26 DINARRECAPS8 8/22/26

Iraq Economic News and Points To Ponder Late Friday Evening 8-21-26

Iraq Faces A Difficult Period... Al-Zaydi: We Have More Than One Solution To The Economic Crisis, And The Budget Will Soon Be Before Parliament - 8/21/2026

Latest News Friday, August 21, 2026 Baghdad - One News - 8/21/2026 Prime Minister Ali al-Zaidi affirmed that Iraq is going through a “critical” phase, given the escalating tensions in the region and the repercussions of the closure of the Strait of Hormuz on trade and the economy, stressing that the government has a range of alternatives and solutions to deal with the economic pressures and maintain the country’s stability.

Iraq Faces A Difficult Period... Al-Zaydi: We Have More Than One Solution To The Economic Crisis, And The Budget Will Soon Be Before Parliament - 8/21/2026

Al-Zaydi said, during his participation in the proceedings of the “Eighth Baghdad Dialogue” conference, that regional developments have placed Iraq before major economic and trade challenges, especially with the closure of the Strait of Hormuz, which represents a major passage for energy and trade in the region.

He pointed out that the Strait of Hormuz did not witness a closure even during the years of the embargo on Iraq, considering that the current circumstances require the government to move quickly to secure alternative routes and reduce the repercussions of the regional crisis on the Iraqi interior.

The Prime Minister explained that the government has begun activating border crossings and enhancing their capacity to accommodate the movement of goods and trade, as part of a plan aimed at diversifying import and export routes and reducing reliance on a single crossing in light of the turmoil in the region.

In the financial file, Al-Zaydi announced that the government is preparing to send the draft budget to the House of Representatives soon, stressing that "the next stage" will witness reform measures to address the economic and financial challenges and enhance the state’s ability to cope with current pressures.

He stressed that the government is not dealing with the crisis through a single option, emphasizing that it has “more than one solution” to the economic problems, and that work is underway on several parallel tracks to ensure the continuation of economic activity and to secure the country’s needs. (Possible monetary value increase)

The Prime Minister's remarks come at a time when Iraq is facing the direct repercussions of regional tensions and the closure of the Strait of Hormuz, amid challenges related to trade, energy, and public revenues. This has prompted the government to intensify its efforts to activate land border crossings and seek alternatives that mitigate the crisis's impact on Iraqi markets and the economy. https://1news-iq.net/العراق-أمام-فترة-عصيبة-الزيدي-لدينا-أ/

Al-Fayyad Criticizes The Factions: The “Resistance” Phase Cannot Continue As A Permanent Occupation, And Disarmament By Force Will Bring Chaos - 8/21/2026

Baghdad - One News - 8/21/2026 The head of the Popular Mobilization Forces, Faleh al-Fayyad, stated that the “resistance” phase cannot continue as a permanent occupation, calling for the transfer of responsibilities to state institutions upon reaching the stage of stability.

Al-Fayyad said regarding the bombing of the Popular Mobilization Forces headquarters, that the statements, indications, and accounts that were conveyed from the American and Saudi sides before the bombing of Iraq indicate that the targeting was in Basra, while most of the martyrs fell in Mosul. So where is Basra in relation to Mosul? We did not record any sacrifices or martyrs in Basra.

He stressed that no one but the Commander-in-Chief of the Armed Forces could remove him from his position, while warning against dealing with the issue of disarming the factions by force. https://1news-iq.net/الفياض-يلمز-الفصائل-مرحلة-المقاومة-ل/

Qasim Al-Araji, Supporting Al-Zaydi's Proposal: Confining Weapons Is A Sovereign Decision, And Dialogue Is The Way To Achieve It

Latest News Friday, August 21, 2026 Baghdad - One News - 8/21/2026 The security advisor to the Prime Minister, Qasim al-Araji, confirmed on Friday that what Prime Minister Ali al-Zaidi presented during the eighth Baghdad Dialogue Conference confirms the state’s steadfastness in its national choices, foremost among them being the restriction of weapons to state institutions and the consolidation of the rule of law.

Al-Araji said in a post published on his account on the “X” platform that restricting weapons represents a sovereign Iraqi decision that is accomplished through dialogue and national understanding, in a way that preserves stability and puts the interest of Iraq and its people above all considerations.

He added that consolidating security, the rule of law, and preserving national decision-making are fundamental pillars for building a strong state, a stable economy, and an attractive investment environment.

Al-Araji pointed out that Iraq is proceeding with a balanced national vision that enhances its position and protects its interests, explaining that its foreign relations are based on mutual respect and a balance of interests, which consolidates its presence as an active partner in promoting the security, stability and prosperity of the region.

Al-Araji's statements come in support of what the Prime Minister put forward during the Baghdad Dialogue Conference regarding the issue of restricting weapons, and the emphasis on achieving it through dialogue and national understanding, within a path aimed at strengthening the authority of the state and preserving national decision-making.

https://1news-iq.net/قاسم-الأعرجي-مؤيداً-طرح-الزيدي-حصر-الس/

Trump Unveils 'Unprecedented' Financial Siege Against Tehran - 8/20/2026

2026-08-20 / 03:43 Shafaq News- Washington US President Donald Trump on Thursday launched a new push to isolate Iran economically, threatening countries and companies that maintain financial or commercial ties with Tehran with “severe economic consequences.”

In a post on Truth Social, Trump accused Iran of failing to seize an opportunity for a deal with Washington, declaring the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY.”

“This will be Economic Warfare and Isolation on an unprecedented scale,” he wrote, portraying Iran as severely weakened after months of conflict, with its navy disappearing, its air force destroyed and its military factories reduced to rubble.

Donald J. Trump TRUTH @realDonaldTrump

No one has given the Islamic Republic of Iran a greater opportunity to make a Deal than me. TRAGICALLY, for them, they have failed to take it. Therefore, today, I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!

This will be Economic Warfare and Isolation on an unprecedented scale. Their navy is gone, their air force is destroyed, their military factories are now rubble, their currency is worthless, and their country is hanging by a thread.

Today, I am also announcing that ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences.

Oil smuggling, swap lines, cash transfers, exchange houses, ship registries, front companies — It all needs to stop NOW. You know who you are.

This will be an ECONOMIC D-DAY, and we need all of our Allies to stand with the United States of America to isolate, and defeat, the Iran threat. These maniacs are on the ropes, and these HISTORIC MEASURES will cripple them and their ability to project terror worldwide.

IRAN WILL NEVER HAVE A NUCLEAR WEAPON. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. President DONALD J. TRUMP

He also described Iran’s currency as worthless and “hanging by a thread,” warning that countries allowing their banks, companies, airports or government agencies to support Iran could face massive punitive measures.

Axios, citing US officials, previously reported that Washington was preparing new economic measures against Iran as it seeks to increase pressure on Tehran and bring it back to the negotiating table.

The two countries signed an interim memorandum on June 17 aimed at ending nearly six months of war and paving the way for a broader agreement. The 60-day negotiating period set by the United States expired on Monday without a permanent settlement, while Trump indicated that no talks with Iran were underway or scheduled.

https://www.shafaq.com/en/World/Trump-unveils-unprecedented-financial-siege-against-Tehran

Reuters: Trump Threatens Economic Consequences Against Any Country Providing A "Lifeline" To Iran, And The UAE Preempted This

latest news Thursday, August 20, 2026 Washington - One News - 8/20/2026 Reuters reported that US President Donald Trump warned of economic consequences against any country that provides “any kind of lifeline to Iran,” at a time when the United States is seeking to end a war it started alongside Israel about six months ago.

The agency noted that Trump’s threats and announcements on social media do not always translate into detailed policies or actions implemented in the manner described in his posts.

She added that Trump did not specify what steps the United States would take against any country that provides support to Iran, which could apparently include US allies who helped broker peace talks, nor did he name any country.

She added that the United Arab Emirates, which hosts a major US military base, announced the suspension of all commercial activities, trade exchanges and financial transactions with Iran until further notice.

https://1news-iq.net/رويترز-ترمب-يهدد-بعواقب-اقتصادية-ضد-أي/

DINARRECAPS8 8/22/26 DINARRECAPS8 8/22/26

Seeds of Wisdom RV and Economics Updates Saturday Morning 8-22-26

Good Morning Dinar Recaps,

When U.S. Debt Becomes a Currency Problem: The Dollar-Bond Relationship Enters a New Phase

The United States has crossed the $40 trillion debt threshold just as long-term Treasury yields remain elevated and the dollar weakens—raising a larger question about whether investors are beginning to view high U.S. yields as compensation for fiscal risk rather than simply an attractive return.

Good Morning Dinar Recaps,

When U.S. Debt Becomes a Currency Problem: The Dollar-Bond Relationship Enters a New Phase

Overview

U.S. federal debt has surpassed $40 trillion, while long-term Treasury yields have risen to levels not seen since 2007.
Treasury Secretary Scott Bessent has expanded long-term bond buybacks in an effort to support the Treasury market, but the relief has so far been limited.
Meanwhile, the dollar has fallen toward a three-month low, creating an unusual combination of higher U.S. borrowing costs and a weaker currency.

Key Developments

1. The $40 trillion debt milestone changes the conversation

The United States has now crossed a symbolic but significant threshold: total federal debt has exceeded $40 trillion.

The milestone comes after U.S. debt more than doubled since 2017, reflecting years of deficits in which government spending has consistently exceeded revenue. Rising interest costs are adding another layer of pressure to the federal budget.

The important issue isn't the $40 trillion number by itself.

It is what happens when a government must continually issue new debt while the interest rate demanded by investors is rising.

That creates a potentially difficult feedback loop:

More debt → more interest expense → greater financing needs → more Treasury issuance → greater pressure on yields.

That cycle is now becoming an increasingly important part of the global financial story.

2. Treasury is intervening—but the market is still testing the long end

The Treasury has taken an unusually active approach to the bond market.

The department announced that it would at least double certain long-term Treasury buybacks, and Bessent has indicated that additional purchases could follow.

The immediate objective is to improve liquidity and help bring down longer-term borrowing costs.

But the market has not simply accepted the intervention.

Long-term yields rose sharply earlier this week, with the 30-year Treasury yield reaching its highest level since 2007. Reuters reports that investors have been citing the fiscal outlook, heavy Treasury issuance, Iran-related geopolitical risks and uncertainty over Federal Reserve policy as reasons for demanding higher yields.

That is the critical distinction:

Treasury can influence market liquidity. It cannot simply eliminate the underlying demand for compensation for fiscal and inflation risk.

3. The dollar is sending an unusual signal

This is where the story becomes much bigger than the bond market.

Normally, higher U.S. Treasury yields can attract international capital because investors can earn more by holding dollar-denominated assets.

But the dollar has recently moved in the opposite direction.

Reuters reports that the dollar fell to a three-month low against the euro as investors questioned whether Treasury's buyback strategy would address the deeper fiscal problems confronting the United States.

That creates an unusual combination:

Higher long-term Treasury yields + weaker dollar.

The implication isn't necessarily that investors have lost confidence in the United States.

Rather, markets may increasingly be distinguishing between the yield being offered and the risk associated with holding the underlying asset.

Why This Matters

For decades, the dollar's position benefited from a powerful reinforcing mechanism:

U.S. Treasuries were viewed as the world's premier safe asset → global investors bought Treasuries → demand supported the dollar → the dollar's reserve status reinforced demand for Treasuries.

That relationship remains extraordinarily powerful.

But it is not immune to stress.

When Treasury yields rise because investors want additional compensation for inflation, fiscal deficits or uncertainty, higher yields don't necessarily produce a proportionally stronger dollar.

That is the potential change taking place now.

The yield itself may be becoming part of the risk signal.

The Treasury Market Is Becoming a Global Financial Transmission Mechanism

U.S. Treasury securities aren't simply another investment.

They serve as a benchmark for borrowing costs throughout the global economy.

When long-term Treasury yields rise, the consequences can spread into:

Mortgage rates
Corporate borrowing
Government financing
Equity valuations
Emerging-market currencies
Global capital flows
Commodity pricing

Reuters recently noted that the pressure is not isolated to the United States. Major economies across the G7 are also confronting rising financing needs associated with aging populations, defense spending, climate-related costs and higher energy prices.

That means the Treasury market is increasingly part of a broader sovereign-debt repricing.

The Iran Conflict Adds Another Layer

The current environment is also being complicated by the war with Iran.

Higher energy prices can reinforce inflation at exactly the time that governments are trying to control borrowing costs.

Reuters has identified geopolitical risk from the Iran war as one of the factors investors are considering when pricing long-term Treasury debt.

That creates another difficult policy equation:

War → oil risk → inflation pressure → higher yields → higher government interest costs.

The longer elevated energy prices persist, the more difficult that equation becomes for central banks and governments alike.

Why It Matters to Foreign Currency Holders

This development is particularly important for foreign-currency holders because currency values are ultimately connected to confidence in the financial system behind the currency.

The dollar remains the world's dominant reserve currency, and nothing in the current data suggests that position is about to disappear.

But foreign investors are constantly comparing:

Return + risk + purchasing power + fiscal stability.

If U.S. yields remain high while the dollar weakens, that suggests investors are increasingly incorporating fiscal and inflation concerns into the dollar equation.

For foreign-currency holders, this is why watching only exchange rates can be misleading.

The larger question is:

What is happening underneath the currencies?

Implications for the Global Financial Reset

Sovereign debt is becoming a central issue in the next phase of global finance.

The $40 trillion U.S. debt milestone is occurring alongside similar fiscal pressures across other major economies. The question of who finances government debt and at what price is becoming increasingly important.

The dollar-Treasury relationship is being tested.

The dollar's traditional benefit from higher U.S. yields becomes less straightforward when yields are rising because investors are demanding compensation for fiscal and inflation risks.

Central banks have less room to operate independently of bond markets.

Governments need manageable borrowing costs. Central banks need to maintain price stability. Investors want adequate compensation for risk.

Those objectives can come into conflict.

The financial reset may be emerging through repricing rather than replacement.

This is an important distinction to understand.

There is no evidence that a single event is about to replace the dollar or overturn the existing monetary system.

Instead, we are seeing the gradual repricing of debt, currencies, commodities and risk.

That may ultimately prove more consequential than a dramatic overnight "reset."

What to Watch Next

Whether the 30-year Treasury yield remains above 5%.
Whether the Treasury expands its long-term bond buybacks again.
Whether the dollar continues weakening despite elevated U.S. yields.
Whether investors continue demanding higher compensation for long-term Treasury debt.
What Federal Reserve Chair Kevin Warsh signals at Jackson Hole next week.
Whether oil prices remain elevated as the Iran conflict continues.
Whether other major economies experience similar sovereign-debt pressures.

Treasury Secretary Bessent is also scheduled to hold a press conference Monday, potentially providing additional clues about the administration's approach to debt markets and financial policy.

Bottom Line

The most important development isn't simply that U.S. debt has crossed $40 trillion.

It is that this milestone has arrived at the same time that the Treasury market is demanding higher long-term yields and the dollar is weakening rather than strengthening.

The Treasury is attempting to stabilize the long end of the bond market through increased buybacks, but investors continue to focus on the deeper questions surrounding deficits, debt issuance, inflation and future interest costs.

That is why today's story represents a potentially important new phase for the global financial system.

The next stage of the global financial reset may not be defined by the dollar suddenly losing its reserve status. It may be defined by investors gradually changing the price they demand to finance the world's largest debtor—and by how that repricing flows through the dollar, Treasury market, commodities and central banks.

The question is no longer simply how high Treasury yields can go. It is whether higher yields can continue to support the dollar when those yields increasingly reflect the cost of carrying a $40 trillion debt burden.

Sources

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Seeds of Wisdom Team
Newshounds News

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Thank you Dinar Recaps

DINARRECAPS8 8/21/26 DINARRECAPS8 8/21/26

Bruce’s Big Call Dinar Intel Thursday Night 8-20-26

Bruce’s Big Call Dinar Intel Thursday Night 8-20-26

Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)

Welcome everybody to the Big Call tonight – it is Thursday August 20th and you’re listening to the Big Call. So thank you for tuning in, everybody, wherever you're located, all over the globe, and we're gonna have a nice call tonight. Hopefully, we won't will not go two hours like we did Tuesday night. Hopefully, we'll shorten things up a little bit for that, but we'll still get all the information that you need out.

All right, let's move into our intel segment. You know what's interesting is, you know, we have got some intel for tonight. I finally have a timeline. I think we can work with. You know, I like a timeline. I like planning. I like seeing things as they come into fruition

Bruce’s Big Call Dinar Intel Thursday Night 8-20-26

Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)

So we're going to talk about that. What's interesting is we do get to talk to some people sometimes that are higher ups at Wells Fargo, and that are higher ups, and then over the bondholder paymasters, for example, and we know they were handling bonds in Reno, also in Miami, and also in Geneva.

More recently, those two, Geneva, and then Reno, Miami for sure for a while, and now we're back to Reno. Sometimes security has moved from one area to another, and I'm and we're able to know that and track that.

That's all cool, but what's interesting is now by checking in with our contact, who knows the guy in Reno, that is this overseer of the bonds, for example, with Wells. He said the information he's getting, the intel he's getting now, is coming from military. That is a big difference.

We haven't had that before. You know, it's kind of like this: Who's calling the shots? Is it Wells Fargo? Is it the U.S. Treasury? Is it the military with President Trump as Commander in Chief?

Well, they're all three important in the scheme of things, but the bottom line, the ultimate choice, is for us to get a green light from President Trump and the military, because the military will will consult with President Trump when they find that they are ready, ready to roll. And we've had a time when we had a green light, well, we didn't go.

It wasn't used, but we want that green light that says go. And so, is it the responsibility of the banks? No. Is it Wells or whatever? No. Is it the U.S. Treasury ? extremely important? But no, or is it the military? Yes, that's the bottom line for us. So here's how this intel is running.

Remember, this particular contact got the information from the military that said that as of 6 p.m. Central Time yesterday, we're in a five-day window. Let's count it out. That would be we're talking Wednesday at 6 p.m. So we're going to DQ Wednesday and move into Thursday, Thursday, Friday, Saturday, Sunday, Monday, 6 p.m. would be five days.

Now, if this particular piece of Intel holds up within that five-day window, we will receive our notifications and begin exchanges. Excuse me for Tier 4B. Now, if it holds up, and the only reason I say that is because sometimes in a military operation things change, and you know what? They've been changing a lot -

We've heard dates that that we've gotten from military that we're going to be like last Monday Tuesday for example. Then we also heard well it could be later this week meaning today / tomorrow.

Then we heard if not the weekend, and that's close to probably where we could be the weekend, or maybe Monday, or early next week. We have heard a few sources give us early next week for a start for us.

We've heard middle of next week, and we've heard could be the end of next week. Well, I'm going to put those, set those aside to see if the five-day window comes through first. That's the most accurate timeline with actual set times of start and finish.

So we have to look at it and see. Okay, well, let's let's see if that comes through for us.

Now, what about the Redemption Center leaders?

They have gone in, even today, starting even at noon-not even early, but say around noon-and seen five currencies flashing on the screen, flashing so fast you can't tell what currency. Well, that doesn't help us a whole lot.

I get that, but it shows that at least five of the currencies are up and trading and changing rates. We just don't know what they are. Okay, so you have that, and then you have the email that the Redemption Center leaders are receiving, and one in particular says, "Go in tomorrow, which would be Friday, at 8:45 a.m.

Why so early? If you went in at noon today, why 8:45 tomorrow? Don't know. The other additional information was something is going on, but we don't know exactly what it is.

Something's going on. All right.

What about this idea? So that that brings kind of the Friday Saturday weekend thing maybe into play. Let's see. The other thing is, evidently, we have begun buying back U.S. Treasury bonds to the tune of about $50 billion in a transition that would take about 15 seconds. No, check that-about 15 minutes rather to put that together.

And I said, "Well, who are these? Who are we buying them back from? Because we did a deal by buying back some treasuries from Japan. It's not Japan. It's Venezuela, Venezuela. I thought, oh, that's interesting. That makes sense. You know, we could pay them in USD.

That would kind of help strengthen their bolivar. And I said, you know, that gives them some liquidity to begin rebuilding from the earthquake that they had in Caracas, the two earthquakes. We have a 7.2 and a 7.5 on the Richter scale. It's been has it been a week, week and a half now.

So that's interesting. Is that the something that's going on? Is that it?

Remember, we had a fund with oh my gosh, 67 zeros. That's a big number. I don't know how to pronounce that number yet. I haven't seen it written down. And those funds were being moved in place, probably from Saint Germain Trust, maybe, or it could have been Rodriguez Trust. Hard to say.

But that was being moved in place for us for our exchanges, and possibly probably was also going to take care of the bondholders in tier three. I haven't heard much about a shotgun start, but I think that's what we're going to be on, or a modified shotgun start with tier three.

So I would say we are looking to receive some positive information on disclosure of certain things, and also quite possibly something announced about the new U.S.N currency asset backed currency and something about in regards to NESARA.

There's quite a bit that has to come. There's so much tied to NESARA and I'd love to have a full disclosure about it, so we kind of know. Okay, we're looking for we're looking for so many announcements, and I know President Trump wants to get this out to us, and we just don't know exactly how that's going to happen yet, or how they're going to do it.

So I think we have a window that we're in right now. It could be interesting. Now, all I can say is, we have been pushed and pushed and pushed, and you guys know it. You know what looks like midweek becomes the end of the week, and then it becomes the weekend, and then we're next week.

I get it, guys. I get it. I get it, and I question it. I try to find out the why, and I'll tell you the main why. I think is it has to do with the pickups and drop-offs on aisles one through 50, and that's what I think is going on

. So there is more to do. There are more arrests. They're very significant, and I'm not sure exactly how far they are. Now we do hear numbers, but we hear the numbers toward the very end or after the arrests are done in a particular project, in a particular mission.

Okay, so I don't know where we stand on it right now, but I have to believe I know the sum that need to be picked up. We'll see what that is. That's really where we stand right now. Will I get some more late tonight, about midnight?

I think so, probably, but it's too late for the big call this week. So we'll get together next Tuesday and see where we stand. We'll see where we stand, and then we'll go from there.

I don't think there's anything last minute that I can give you right now, but I'm excited about our future, and I'm excited about Rebuild America. I'm going to have a guy as a videographer with a with a team that. Can probably do some before and some during and after video.

Who knows? Who knows where to go? We'll we'll see. We'll try it, and maybe we'll start out with this in Western North Carolina.

You know that'd probably be our first place to go to to initiate our aspect, our part of rebuild America and rebuilding Western North Carolina, and we may touch on Virginia, the tip of Virginia, or possibly South Carolina as well.

All right. So everybody, listen. Have a great weekend. All right. As the door song goes, summer is almost gone. Summer is almost gone. I always hated when summer was over or almost over.

Fortunately, when I went to school, we didn't start back until until after Labor Day, and Labor Day is the seventh of September this year.

So we'll hopefully get everything rock and rolling before the end of this month here. Let's see what happens early next week, and we'll take it from there.

All right. See you guys on Tuesday. Have a great weekend, everybody.

Let's pray and thank you, Sue, for a fun time tonight and some great information, thank you, Bob, for a nice, really nice time and two great sales and some cool testimonials tonight.

So let's appreciate Jeannie, of course, and GCK and Doug, thank you, and thank you, Intel team, for bringing the best intel that we can have to me for the big call. And let's let's pray the call out.

All right, guys. I'm going to get the recording off and say good night.

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DINARRECAPS8 8/21/26 DINARRECAPS8 8/21/26

Seeds of Wisdom RV and Economics Updates Friday Afternoon 8-21-26

Good Afternoon Dinar Recaps,

India Pushes the Rupee Further Into International Trade as Dollar Dependence Gradually Diversifies

New trade rules make it easier for Indian exporters to invoice and receive payment in rupees, adding another piece to the gradual diversification of the global payments system.

Good Afternoon Dinar Recaps,

India Pushes the Rupee Further Into International Trade as Dollar Dependence Gradually Diversifies

New trade rules make it easier for Indian exporters to invoice and receive payment in rupees, adding another piece to the gradual diversification of the global payments system.

Overview

India has amended its Foreign Trade Policy to put eligible rupee export receipts on a more equal footing with foreign-currency earnings.
The change allows exporters dealing with most countries outside the Asian Clearing Union to denominate contracts and invoices in rupees and receive payment in rupees, removing a regulatory obstacle to wider rupee-based trade.
The development is significant for the global financial-reset story because it represents practical diversification of trade settlement, rather than simply political discussion about reducing dollar dependence.

Key Developments

1. India removes a barrier to rupee-based international trade

India's Directorate General of Foreign Trade amended the Foreign Trade Policy 2023, allowing export contracts and invoices with non-Asian Clearing Union countries to be denominated in either Indian rupees or foreign currencies.

Exporters can also receive their proceeds in rupees or foreign currency, while eligible rupee receipts can qualify for the same trade-policy benefits as foreign-currency earnings.

That distinction is important.

India is not merely encouraging companies to consider using the rupee. It is changing the regulatory framework so that using the rupee becomes easier within the existing export system.

2. The move could reduce reliance on the dollar for some transactions

For decades, much of international trade has ultimately been settled through the dollar, even when neither the buyer nor seller is American.

India's new rules create another option.

A foreign buyer that can obtain rupees through its banking system can potentially purchase Indian goods, settle the transaction in INR, and avoid converting into dollars for that particular trade.

This does not mean the dollar is being displaced.

Rather, it adds another currency to the international settlement network.

That distinction is important when evaluating claims about "de-dollarization."

The global financial system can diversify without the dollar suddenly losing its dominant position.

3. India's rupee strategy is developing while the currency itself faces pressure

There is an interesting contrast in today's story.

The rupee has been under pressure from higher oil prices, importer demand and geopolitical uncertainty. Reuters reported that the Reserve Bank of India has been actively intervening in foreign-exchange markets to limit the currency's decline.

At the same time, India's foreign-exchange reserves have risen to approximately $716.9 billion, a six-month high, supported by substantial capital inflows and increases in both foreign-currency assets and gold holdings.

That gives India a stronger financial cushion while it works to expand the international role of its currency.

Why This Matters

The important development isn't that India is trying to replace the U.S. dollar.

It is that India is building additional infrastructure around the rupee at a time when countries increasingly want alternatives for international settlement.

The new rules could be particularly useful for trading partners that experience dollar shortages, sanctions-related restrictions or high costs associated with dollar-based transactions.

For Indian exporters, rupee settlement can also reduce some of the need for currency hedging when the transaction itself does not require exposure to the dollar.

However, there is an important limitation:

A currency cannot become truly international simply because a government permits its use.

Foreign companies and banks must actually want to hold, exchange and deploy that currency.

That means India's next challenge is developing the financial infrastructure and international liquidity necessary to make the rupee convenient outside India's borders.

A Larger Shift in the Global Trade Architecture

India's move fits into a much broader development.

Countries are increasingly experimenting with local-currency settlement, bilateral payment arrangements and alternative cross-border financial channels.

The motivation differs from country to country.

For some, it is reducing exposure to dollar volatility. For others, it is lowering transaction costs. Some want protection from sanctions, while others simply want greater monetary independence.

India's approach is particularly significant because of the size of its economy and its growing role in global trade.

The more countries that develop functioning alternatives, the more diversified the international monetary system can become—even if the dollar remains dominant.

Why It Matters to Foreign Currency Holders

For foreign-currency holders watching the global financial reset, this is a development worth following because it concerns how currencies are actually used, rather than simply what governments say about them.

A currency's international importance ultimately depends on whether it can be:

Used to settle international trade
Held by foreign banks and businesses
Exchanged efficiently
Used to purchase goods and services
Supported by liquid financial markets
Trusted as a store of value

India is working on several of those pieces.

The rupee does not need to replace the dollar for its international role to become more important.

Even a gradual increase in rupee-based trade would contribute to a more diversified currency system.

Implications for the Global Financial Reset

Trade settlement is becoming more diversified.

India's decision adds another practical pathway for international commerce outside traditional dollar settlement.

The BRICS story is becoming more about infrastructure than headlines.

The most consequential developments may not be the creation of a single BRICS currency.

They may instead be local-currency settlement, payment systems, banking arrangements and mechanisms that allow countries to conduct more trade without first converting everything into dollars.

The dollar remains dominant—but the architecture around it is changing.

This is the key point.

There is no evidence from today's announcement that the dollar is being replaced.

Instead, the global financial system is gradually acquiring more settlement options.

That could eventually make the international monetary system less dependent on any single currency, even while the dollar remains the largest reserve and settlement currency.

What to Watch Next

The most important indicators will be:

Whether foreign trading partners actually begin accepting more rupee-denominated contracts.
Whether international banks expand their ability to hold and transact in rupees.
Whether India's existing rupee-settlement mechanisms grow in volume.
Whether India expands bilateral arrangements with major trading partners.
Whether other BRICS and emerging-market economies introduce similar measures.
Whether the rupee becomes increasingly useful as a settlement currency even when the underlying trade does not involve India directly.

Bottom Line

India's latest move is not a dollar collapse story.

It is something more gradual—and potentially more important over the long term.

India is removing regulatory barriers that have made rupee-based international trade more difficult and is giving exporters greater flexibility to invoice and receive payment in their own currency.

At the same time, India's central bank is building financial buffers and actively managing currency volatility while the country's foreign-exchange reserves approach record levels.

The global financial reset may not arrive as a single dramatic replacement of the dollar. It may emerge through thousands of smaller changes in how countries trade, settle payments, hold reserves and manage currency risk.

Seeds of Wisdom Team

Newshounds News™ Exclusive

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