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MilitiaMan & Crew: The Dinar Value Shift: What You Need to Know
MilitiaMan & Crew: The Dinar Value Shift: What You Need to Know
8-30-2026
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 Dinar Value Shift: What You Need to Know
8-30-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
Iraq Economic News and Points To Ponder Sunday Afternoon 8-30-26
Al-Amiri: I Assure Everyone There Will Be No Confrontation Between The State And The Resistance - 8/30/2026
Baghdad - INA - 8/30/2026 The Secretary-General of the Badr Organization Hadi al-Amiri said there would be no confrontation whatsoever between the state and the IRI resistance, stressing that the Coordination Framework had agreed on a decision to combat corruption and those responsible for it.
“I assure everyone that there will be absolutely no confrontation between the state and the resistance,” Al-Amiri said in remarks delivered at a memorial ceremony marking the anniversary of the martyrdom of Grand Ayatollah Mohammed Baqir al-Hakim, according to remarks followed by the Iraqi News Agency (INA).
Al-Amiri: I Assure Everyone There Will Be No Confrontation Between The State And The Resistance - 8/30/2026
Baghdad - INA - 8/30/2026 The Secretary-General of the Badr Organization Hadi al-Amiri said there would be no confrontation whatsoever between the state and the IRI resistance, stressing that the Coordination Framework had agreed on a decision to combat corruption and those responsible for it.
“I assure everyone that there will be absolutely no confrontation between the state and the resistance,” Al-Amiri said in remarks delivered at a memorial ceremony marking the anniversary of the martyrdom of Grand Ayatollah Mohammed Baqir al-Hakim, according to remarks followed by the Iraqi News Agency (INA).
“The fight against corruption and the corrupt is a decision agreed upon by the Coordination Framework, and we support system" rel="">support the prime minister in this regard,” he said.
Al-Amiri said regulating weapons was “a legitimate national and constitutional objective” and a fundamental step towards building a strong state capable of protecting Iraq and safeguarding its security, sovereignty and dignity.
“Regulating weapons is not an external decision, but a purely Iraqi one,” he said.
Iraq Considers Loans From US Banks To Ease Liquidity Crisis
2026-08-30 Shafaq News- Baghdad The Iraqi government is considering borrowing from US banks as a quick way to address its liquidity crisis rather than print more currency, an informed source told Shafaq News on Sunday.
“The Iraqi government sees this as a practical and quick solution amid the ongoing crises in the region,” the source said, without providing further details.
Iraq is preparing temporary legislation on borrowing, grants and subsidies to cover essential government spending while no federal budget is in place. The parliamentary Finance Committee said Parliament is awaiting the government’s formal submission of the draft law to prevent a funding gap.
Data from the Central Bank of Iraq (CBI) showed that the total value of currency issued rose to 111.189 trillion dinars ($84.5 billion) by the end of June 2026. By the end of June, currency held outside banks accounted for about 91.7% of the total, while the remaining 8.3% was held in bank vaults.
https://shafaq.com/en/Economy/Iraq-considers-loans-from-US-banks-to-ease-liquidity-crisis
Banking Sector Faces Turning Point In Iraq’s Reform Drive
2026-08-30 Shafaq News- Baghdad Iraq’s banking sector faces a “critical crossroads” after years of weak management, oversight failures and declining public confidence have limited its ability to attract savings and finance investment and development, the prime minister’s economic adviser told Shafaq News on Saturday.
Mudher Mohammed Saleh said building an efficient banking system could no longer be delayed, particularly in an economy heavily dependent on oil for foreign currency.
“Restoring confidence requires stronger governance, supervision and compliance, strict anti-money laundering and counter-terrorist financing standards, restructuring troubled banks, addressing weaknesses in their financial positions and raising capital in line with risk levels and modern banking requirements.”
Technology is another key part of the overhaul, Saleh said, calling for improved digital systems, cybersecurity and risk management, along with secure and reliable electronic payment services. Such measures would reduce reliance on cash, expand financial inclusion and bring more people into the formal banking system.
However, technology and oversight alone would not restore confidence. Banks also need greater transparency, stronger depositor protections, clear deposit safeguards, faster complaint handling and the ability to protect customers’ money, according to the advisor.
He called for banks to shift from traditional services and liquidity management toward financing the real economy, particularly small and medium-sized enterprises and productive agricultural, industrial and service sectors.
“A bank that does not finance productive economic activity remains a financial intermediary with limited impact,” he said, adding that institutions capable of mobilizing savings, managing risks and financing production and investment can become partners in development.
From Cash to Credit
International economics professor Nawar Al-Saadi told Shafaq News that banking reform had become essential for moving Iraq from a cash-based economy toward one driven by financing. He said the Central Bank of Iraq’s (CBI) program offers banks several paths, including remaining in business, merging or leaving the market, alongside tougher governance, compliance and risk-management requirements.
Rebuilding confidence requires sound governance, solvency and transparency rather than campaigns to attract deposits, Al-Saadi said. He called for resolving the status of banks unable to continue operating, strengthening the capital of viable institutions, improving disclosure and independent auditing, and holding boards and executives accountable for violations.
Depositors should find banks “safer and easier to use” than keeping cash, he added. This would also require greater lending to small and medium-sized businesses and productive sectors, as well as effective credit-scoring systems instead of excessive reliance on traditional collateral.
Protecting Deposits
Economic expert Ahmed Al-Janabi said reform required a comprehensive package beginning with restoring confidence and protecting depositors’ money, noting that many Iraqis remain reluctant to place their savings in banks.
He noted that the reform program involving global consultancy Oliver Wyman was developed against the backdrop of restrictions on several Iraqi banks. Seven institutions subsequently entered an initial phase allowing them to resume transactions and transfers in foreign currencies other than the dollar, while further reforms remain underway.
Al-Janabi estimated that currency issued by the CBI totals around 103 trillion dinars, while about 20 trillion dinars remain outside the banking system, much of it “hoarded in homes.”
Economic expert Ahmed Abdul Rabbo said the reforms undertaken with Oliver Wyman were important for rebuilding the banking sector, improving its efficiency and strengthening its links to the global financial system, calling for faster implementation.
He welcomed the decision allowing seven banks to conduct foreign transfers in currencies other than the dollar but said the priority should be enabling them to gradually resume broader operations. Reform should also extend beyond those institutions, he said, with other banks assessed and allowed to conduct foreign transfers once they meet the required standards.
The Central Bank has been working with international firms to overhaul the banking sector and address compliance problems that had cut several Iraqi banks off from dollar transactions.
On July 18, the CBI reached an agreement with the US Treasury Department allowing seven eligible banks to resume foreign correspondent banking in currencies other than the dollar. Access to dollar transactions remains subject to further compliance, governance and relicensing requirements.
https://shafaq.com/en/Economy/Banking-sector-faces-turning-point-in-Iraq-s-reform-drive
Al-Zaydi: We Directed The Exposure Of Corrupt Individuals And The Activation Of The Law Rewarding Informants.
2026-08-29 Shafaq News - Baghdad During his visit on Saturday to the headquarters of the Federal Integrity Commission, Prime Minister Ali al-Zaidi directed the activation of the law rewarding informants about corruption cases, the strengthening of monitoring border crossings, and the exposure of corrupt individuals, stressing the need to submit monthly and quarterly reports on the progress of combating corruption and the level of achievement.
During the field visit, Al-Zaydi met with the head of the commission and its senior staff, and was briefed on its working mechanisms and efforts in combating corruption and protecting public funds, according to a statement issued by his media office.
The statement quoted Al-Zaydi as saying that "the Integrity Commission is a monument that cannot be measured by its walls, but rather by its scales, and by its two pans, which are integrity and the preservation of public funds," stressing that the battle against corruption is great, and that the commission represents the first line of defense in it.
The Prime Minister stressed that the role of the commission should not be limited to the oversight aspect, but should also include the preventive aspect, stressing the need to work on eradicating the corruption system completely, and to follow up on the governorates’ projects in the same way as the ministries’ projects.
He directed that projects be monitored according to three levels that correspond to the size and cost of the project, starting with high-cost projects, then medium-cost projects, and then small projects, in order to ensure that the supervisory effort is directed more effectively.
For his part, the head of the commission confirmed the formation of field teams to audit contracts in state institutions. The audit of contracts for eight ministries has been completed, while work continues to complete the rest of the institutions.
He pointed out the completion of the National Strategy for Integrity and Combating Corruption, which extends until 2030, and stressed the commission’s readiness to move forward in combating corruption and preserving public funds.
https://www.shafaq.com/ar/سیاسة/الزيدي-وج-هنا-بفضح-الفاسدين-وتفعيل-قانون-مكاف-ة-المخبرين
Seeds of Wisdom RV and Economics Updates Sunday Afternoon 8-30-26
Good Afternoon Dinar Recaps,
The Fed's Rate Warning Meets America's Debt Problem: The Dollar Enters a New Phase
The Federal Reserve's renewed willingness to raise interest rates is colliding with a very different problem: a U.S. government carrying more than $40 trillion in debt while long-term Treasury yields remain elevated. The result is a new tension between defending the dollar's purchasing power and managing the cost of America's debt.
Good Afternoon Dinar Recaps,
The Fed's Rate Warning Meets America's Debt Problem: The Dollar Enters a New Phase
The Federal Reserve's renewed willingness to raise interest rates is colliding with a very different problem: a U.S. government carrying more than $40 trillion in debt while long-term Treasury yields remain elevated. The result is a new tension between defending the dollar's purchasing power and managing the cost of America's debt.
Overview
Fed Chair Kevin Warsh's hawkish message has sharply increased expectations for a September rate hike, with market pricing rising to roughly 56% from 35% following his Jackson Hole remarks.
At the same time, U.S. debt has surpassed $40 trillion and long-term Treasury yields remain elevated, creating greater sensitivity to higher interest rates.
The timing is significant because the G20 is now meeting with U.S. debt, Iran, tariffs, energy prices and financial stability all on the agenda, bringing monetary policy and geopolitical finance into the same conversation.
Key Developments
1. The Fed is signaling that inflation may require higher rates
Kevin Warsh's Jackson Hole message changed the market's perception of the Federal Reserve's next move.
Rather than emphasizing the possibility of holding rates steady, Warsh indicated that current financial conditions may not be restrictive enough to bring inflation sustainably back under control.
Markets responded quickly.
The probability of a September rate increase rose to approximately 55.7%, according to CME FedWatch data cited by Reuters. Gulf markets subsequently moved lower because many regional currencies are pegged to the dollar and therefore remain highly sensitive to changes in U.S. monetary policy.
The important point is that the Fed is now confronting a difficult choice:
Fight inflation with higher rates—or accommodate an economy carrying an enormous amount of government debt.
2. America's debt makes higher rates increasingly consequential
The United States has now crossed the $40 trillion federal debt threshold.
At the same time, the 30-year Treasury yield reached its highest level in 19 years earlier this month.
That combination matters because higher interest rates don't only affect mortgages and corporate borrowing.
They eventually affect the government's own interest bill.
As existing Treasury securities mature, they must be refinanced at prevailing market rates. If those rates remain elevated, an increasing portion of federal revenue must go toward servicing the debt.
This creates a difficult feedback loop:
Higher rates → higher debt-service costs → larger deficits → more borrowing → greater Treasury supply → pressure on long-term yields.
The Federal Reserve can influence the short end of the curve, but it cannot permanently eliminate the fiscal arithmetic.
3. Treasury policy is already responding to pressure in the long bond
The Treasury has already taken an unusual step by doubling scheduled buybacks of longer-term Treasury securities to $4 billion per operation.
The move briefly cooled long-term yields.
But Reuters reports that the intervention has raised concerns among central bankers because the Treasury market has traditionally operated under a principle of regular and predictable issuance, rather than active attempts to influence market pricing.
That creates another important tension.
The Federal Reserve is signaling that rates may need to remain higher to control inflation.
Meanwhile, the Treasury wants to prevent long-term borrowing costs from becoming excessively expensive.
Monetary policy and fiscal policy are therefore pulling on different parts of the same financial system.
Why It Matters
The dollar has historically benefited from higher U.S. interest rates because higher yields can attract global capital into dollar-denominated assets.
But today's environment is different.
The United States is simultaneously dealing with: Higher rates + enormous debt + elevated Treasury yields + large financing requirements.
That means a stronger dollar is no longer the only objective.
Washington also has an interest in keeping Treasury financing costs manageable.
This creates a more complicated relationship between the dollar and interest rates.
Higher rates can support the dollar while simultaneously increasing the cost of maintaining the debt structure that supports the dollar.
Why It Matters to Foreign Currency Holders
For foreign-currency holders, this is an important distinction.
A rising dollar does not necessarily mean that the underlying U.S. financial system is becoming stronger in every respect.
The dollar can strengthen because U.S. interest rates are higher, while investors simultaneously become more concerned about the long-term cost of U.S. debt.
That creates two competing forces:
Higher rates → support dollar demand
Higher debt costs → increase questions about long-term fiscal sustainability
The question for currency holders is therefore not simply: "Is the dollar strong today?"
It is: "What is causing the dollar's strength—and is that force sustainable?"
Implications for the Global Financial Reset
The dollar may be entering a more complicated phase
For years, the relationship was relatively straightforward:
Higher U.S. rates → stronger dollar → more demand for Treasuries.
That relationship is becoming more complicated as investors increasingly evaluate U.S. fiscal sustainability alongside monetary policy.
The dollar remains the dominant global reserve currency.
But the cost of supporting that system is becoming more visible.
Global investors are being forced to price monetary and fiscal risk together
The G20 meeting makes this especially important.
Treasury Secretary Scott Bessent is entering discussions with other major economies while trying to address U.S. debt and bond-market concerns, global trade imbalances, Iran sanctions and energy disruption at the same time.
Those issues can no longer be treated as completely separate.
Oil affects inflation.
Inflation affects interest rates.
Interest rates affect Treasury yields.
Treasury yields affect the dollar.
And the dollar affects global trade and capital flows.
That is the interconnected system you should be watching.
What to Watch
The next major signals will come from:
September Fed expectations following Warsh's Jackson Hole message
The next U.S. employment and inflation reports
30-year Treasury yields and upcoming debt auctions
Treasury buyback activity
The dollar's reaction to higher rate expectations
G20 discussions involving U.S. debt, Iran sanctions and trade
Whether foreign central banks continue increasing diversification into gold and other reserve assets
The key question is whether higher rates strengthen the dollar enough to offset the financial pressure created by higher U.S. debt-service costs.
Bottom Line
The Fed's renewed willingness to consider higher rates might initially appear to be a straightforwardly positive development for the dollar.
But America's debt burden changes the equation.
The United States now needs to defend the purchasing power of its currency while simultaneously managing the rising cost of financing the debt behind that currency.
That is the new tension.
The dollar may remain the world's dominant reserve currency, but the market is increasingly being asked to price the dollar, Treasury debt and U.S. fiscal policy as one interconnected system.
The next phase of the global financial reset may not be about whether the dollar rises or falls—it may be about how much higher interest rates the United States can sustain before protecting the dollar begins to collide with protecting the Treasury market.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — Gulf stocks fall as Fed rate-hike bets rise after Warsh remarks
Reuters — U.S. Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war and bond turmoil
~~~~~~~~~~
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Sunday News Posted by Tishwash at TNT 8-30-2026
TNT:
Tishwash: Venezuela is considering leaving OPEC.
Informed sources reported on Friday that Venezuela is seriously considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). They revealed that this issue was the focus of recent discussions between Venezuelan and American officials, though no official decision has yet been reached.
These developments come at a time when Venezuela's oil influence in global energy markets has clearly diminished, following years of economic sanctions and internal turmoil that have reduced its production to less than half of the levels recorded a decade ago.
TNT:
Tishwash: Venezuela is considering leaving OPEC.
Informed sources reported on Friday that Venezuela is seriously considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). They revealed that this issue was the focus of recent discussions between Venezuelan and American officials, though no official decision has yet been reached.
These developments come at a time when Venezuela's oil influence in global energy markets has clearly diminished, following years of economic sanctions and internal turmoil that have reduced its production to less than half of the levels recorded a decade ago. This decline is also attributed to the rise of new competitors and the increasing supply of shale oil, as well as the giant discoveries in Guyana and Brazil.
Economic observers believe that Caracas’s move to leave will reinforce concerns about the organization’s cohesion and its strategic ability to control and balance oil prices, especially as it comes in the wake of the UAE’s withdrawal months ago, and the escalating wave of criticism from other members, including Iraq, which puts the future of the “OPEC+” alliance to major tests.
It is worth noting that Venezuela is one of the five founding members of OPEC, which was launched in Baghdad in 1960, and played a pivotal role in formulating and establishing the OPEC+ alliance with Russia in 2016. link
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Tishwash: Al-Zidi's cabinet is nearing completion; Parliament prepares to vote on nine ministerial portfolios.
Najat Al-Tai, a leader in the Al-Azm Alliance, confirmed on Saturday that the vote on the remaining ministerial portfolios in Ali Al-Zidi’s government will be decided during the next week or the week after at the latest, while she indicated that her alliance had submitted its candidates for two ministries that it was entitled to.
Al-Ta’i explained in her interview with Al-Ma’louma that “the recent meetings that brought together representatives of the important political parties in the Iraqi scene resulted in important agreements, most notably the agreement to proceed with the vote on nine ministerial portfolios in Ali Al-Zidi’s government,” expecting that “a session of the House of Representatives will be scheduled during the next week or the week after, and a vote will be held on the candidates for the nine ministries.”
She added that "the Al-Azm Alliance has submitted its candidates for the Ministries of Planning and Culture, as they are its entitlement," denying "the bloc's backtracking on its entitlement, as it is an agreement that was signed by all political parties during the consultations to form Ali Al-Zidi's government."
Al-Ta'i confirmed that "the coming days will be crucial in completing Ali al-Zaidi's cabinet and resolving the issue of the remaining ministerial portfolios." link
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Tishwash: Iraq Prepares for US-Led Coalition Withdrawal by September 30
At a Glance
The Iraqi government remains firm on completing the withdrawal of coalition forces by September 30, 2026.
The Kurdistan Region is urgently requesting advanced air defense systems to counter persistent drone and missile threats.
Coalition financial support for the Peshmerga will cease post-withdrawal, transitioning solely to training, logistics, and reform assistance.
A specialized federal committee has been formed to structure bilateral military coordination, with evacuated bases transferring to Peshmerga control.
In a statement, sources confirmed that federal and regional authorities are actively negotiating security arrangements ahead of the scheduled September 30 deadline for ending the coalition's military mission in Iraq.
Key Statements and Focus Area
Regional Security Demands: Kurdistan Region Interior Minister Rebar Ahmed emphasized that ongoing talks with Baghdad and Washington focus on securing advanced air defense systems to prevent security vacuums left by departing coalition assets.
Peshmerga Assistance Shifts: Former Peshmerga Ministry Secretary-General Jabar Yawar noted that while direct financial stipends will end after September 30, technical, logistical, and reform-oriented backing will persist.
Base Handovers: Joint Operations Command spokesperson Sabah Noman stated that Prime Minister Ali Zeidi ordered a specialized committee to oversee future relations, ensuring that military outposts vacated by coalition forces are handed over directly to the Peshmerga.
The transition marks a pivotal turning point in Iraq's defense posture, shifting from international coalition-led operations to bilateral security frameworks. Both federal and regional commanders continue to evaluate logistical requirements to maintain counter-terrorism readiness and airspace protection.
FYI
The US-led coalition has operated in Iraq since 2014 under an invitation from the Iraqi government to support military campaigns against ISIS. The upcoming 2026 transition represents a complete pivot toward bilateral defense cooperation, focusing on institutional reform, intelligence sharing, and specialized tactical training. link
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Tishwash: Washington outlines its partnership with Baghdad: An Iraq free of terrorism and weapons in the hands of the state.
A spokesman for the US State Department confirmed on Sunday that Iraq has begun a new path under the leadership of Prime Minister Ali al-Zaidi, and in full partnership with the United States.
The ministry spokesman told Shafaq News Agency that "Washington, as emphasized by US President Donald Trump during his meeting with Prime Minister al-Zaidi on the historic visit on July 14, strongly supports the Iraqi government's vision for a better and brighter future for all Iraqis, free from terrorism."
He added that "the United States clearly supports efforts to prevent the execution or launching of any attacks from within or through Iraqi territory," noting that "proceeding with the process of controlling and restricting weapons to the state is a fundamental pillar for enhancing security and stability in Iraq."
The spokesman explained that "restricting weapons to the state would reduce the threats that armed factions and groups may pose, and create a stable security environment that would allow for building a strong and mutually beneficial partnership between Baghdad and Washington."
The issue of armed factions is one of the most sensitive issues facing the Iraqi government, with the approach of September 30, which the main political forces have set as the deadline for restricting weapons to official institutions.
The State Administration Coalition, which includes the most prominent Shiite, Sunni and Kurdish political forces, stressed during its meeting on August 5 the need to restrict weapons to the state, and considered the parties that carry out activities that threaten the security of the country outside the framework of official institutions as “outlaws and must be fought.”
The coalition warned that any armed activity outside the framework of the state after September 30 would be dealt with according to the anti-terrorism law.
Following this, Iraqi security and military forces raised their readiness level throughout the country, and the leave of a number of commanders and officers was cancelled, while security agencies began implementing field movements and exercises in anticipation of any emergency or friction that might develop into an armed confrontation.
Last week, Baghdad witnessed hours of security tension coinciding with threats by armed factions to retaliate against Saudi Arabia after strikes targeted Popular Mobilization Forces sites, before it ended with contacts and a dawn meeting between Prime Minister Ali Faleh al-Zubaidi and Badr Organization leader Hadi al-Amiri, which led to a mutual calming and opened the way for diplomatic action to address the crisis.
Al-Amiri later called on the "Islamic Resistance" factions to postpone any military response against Saudi Arabia and to prioritize "Iraq's higher interest," but he returned and stressed during a meeting with a number of Popular Mobilization Forces leaders the importance of maintaining a high level of readiness.
The plan to restrict weapons does not have a unified stance from the armed factions.
While some forces expressed a willingness to reorganize their military and security relationship with the state, other factions, including Kataib Hezbollah, Harakat al-Nujaba and Kataib Sayyid al-Shuhada, announced their refusal to relinquish their military capabilities, and linked any discussion about their weapons to the end of the presence of foreign forces and ensuring the protection of Iraq from external attacks.
September 30th also coincides with the deadlines related to ending the international coalition's military presence in Iraq, which some factions use as a basis forlinking the future of their weapons to the withdrawal of foreign forces. link
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Tishwash: Iraq Orders Seizure of Assets Belonging to 12 MPs and Former PM Adviser
The Central Bank of Iraq (CBI) announced on Saturday that a court has ordered the seizure of the movable and immovable assets of 12 members of parliament and an adviser to the former Iraqi prime minister in connection with corruption investigations.
In a letter sent to state-owned and private banks and reviewed by PUKMEDIA, the bank said the Karkh Investigation Court, which handles integrity cases, issued the order on 27 August 2026.
The order requires banks to freeze the accounts, funds and shares belonging to those named in the decision and to prohibit any financial transactions involving them.
The individuals named in the order include MPs Alia Nassif Jassim al-Obeidi, Muthanna Abdul Samad al-Samarrai, Ashwaq Salem al-Jubouri, Bahaa Nouri Mohammed, Hind Mohammed Saleh al-Abbasi, Mudhar Maan Saleh, Ziad Tariq al-Janabi, Abdul Rahman Hassan Khalid and Mohammed Farman al-Jubouri.
The list also includes former MPs Bushra Rajab al-Qaisi and Mohammed Saadoun al-Sudani, as well as Ibrahim Mohammed Abbas, an adviser to the former prime minister.
The Ministry of Finance has instructed relevant ministries and government departments, including the Ministries of Commerce, Industry and Agriculture, as well as the Real Estate Registration, Traffic and Taxation authorities, to take the necessary measures to implement the court order and freeze the assets of those named.
The decision follows a large-scale security operation, dubbed “Operation Dawn”, launched in the early hours of 28 June 2026. According to statements issued by the relevant authorities at the time, the operation resulted in the arrest of several individuals named in the case over alleged corruption-related offences.
Iraq launched an aggressive, high-profile anti-corruption campaign dubbed Operation Dawn (Sawlat Al-Fajr) under Prime Minister Ali al-Zaidi. The sweeping drive has targeted senior government officials, lawmakers, and business figures, resulting in the recovery of over $300 million in hidden cash and hundreds of kilograms of gold.
Iraqi authorities have recovered over 295 billion Iraqi dinars, $44.9 million and 484 kilograms of gold in connection with the corruption investigation involving Adnan al-Jumaili. Authorities have also seized commercial properties, flour mills, transport trucks, vehicles and other assets linked to the case.
The latest seizure is part of one of Iraq’s largest corruption investigations in recent years. Al-Jumaili previously served as the Oil Ministry’s undersecretary for refining affairs and as general manager of the North Refineries Company, which oversees the Baiji refinery. He was removed as head of the North Refineries Company in late May and replaced by Qusay Khalaf.
Iraqi security forces arrested al-Jumaili on 30 May near al-Ishaqi in Saladin province, shortly after his removal from the refinery post and days after Prime Minister Ali al-Zaidi ordered a broad review of government contracts signed under previous administrations. Around $11 million was reportedly found in his possession at the time of his arrest.
Investigators subsequently reported a series of additional seizures linked to the case. In early July, authorities said they had recovered more than 100 billion Iraqi dinars, tens of millions of dollars, gold, property and dozens of vehicles. Some of the assets were reportedly concealed inside plastic water bottles and the walls of properties linked to al-Jumaili in Tikrit. By July 6, the Supreme Judicial Council said the total value of funds seized in the case had reached $121 million.
On 13 July, the Supreme Judicial Council announced the recovery of 358 kilograms of gold directly linked to the al-Jumaili case, in coordination with the Kurdistan Region and under the supervision of Council Chief Justice Faiq Zaidan. A further 17 kilograms was seized the same day in a related but separate investigation, bringing the total recovered that day to 375 kilograms.
Separately, an investigative court specialising in integrity cases in Nineveh ordered the seizure of nine commercial properties, three flour mills and seven transport trucks in Mosul in connection with the investigation. Further seizures, including around 25 billion Iraqi dinars as well as additional gold and cash, were reported in mid and late July. link
Iraq Economic News and Points To Ponder Sunday Morning 8-30-26
The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting
Last updated: August 30, 2026 Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.
The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting
Last updated: August 30, 2026 Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.
The selling price of $100 at Baghdad exchange bureaus reached approximately 154,500 dinars at the close of trading on Saturday, August 29, the same price as at the Al-Kifah and Al-Harithiya exchanges. Meanwhile, the Central Bank offers the dollar at 1,310 dinars, equivalent to 131,000 dinars per $100.
This leaves a difference of approximately 23,500 dinars, or about 18 percent, between the Central Bank's rate and the cash selling price in the market.
The figures do not reflect a steady upward trend for the dollar. The selling price in Baghdad reached about 156,000 dinars in some sessions in June before it declined, but at the end of August it remained higher than its level at the end of January when it was selling for about 151,000 dinars per 100 dollars.
This means that the new measures have not yet led to a permanent narrowing of the gap between the two prices to limited levels, despite a major change in the way Iraq manages trade finance and access to foreign currency.
Since the beginning of 2025, Iraq has moved from an electronic platform through which the Central Bank oversaw foreign transfers to a system in which commercial banks rely on their accounts and relationships with correspondent banks abroad, while the Central Bank finances those accounts and oversees compliance.
The International Monetary Fund said last year that the transition to the new system had succeeded in reducing the gap between the official and parallel exchange rates at that stage, but it also said that further narrowing the gap required facilitating access to foreign currency, tightening customs controls to curb smuggling and informal trade, and promoting the use of the dinar in local transactions.
But the widening gap again in 2026 indicates that reforming the transfer mechanism alone was not enough to eliminate demand outside the formal system.
The central bank said in June that it was committed to meeting legitimate demand for dollars and maintaining exchange rate stability, and that its reform program included reintegrating Iraqi banks into foreign transfers, expanding their relationships with correspondent banks, improving electronic payments, and complying with anti-money laundering and counter-terrorism financing standards.
In July, Central Bank Governor Nizar Nasser Hussein announced that, following discussions with the US Treasury Department, an understanding had been reached allowing restricted Iraqi banks to return to foreign correspondent banking channels in currencies other than the dollar after they met compliance and governance requirements.
The bank said that seven banks have become eligible for this stage, and that they can regain eligibility to deal in dollars later after passing additional requirements.
In the same month, the Central Bank withdrew the licenses of three companies that mediated the buying and selling of foreign currencies, namely Al-Rawajeb, Saba and Al-Nitaq, due to their violation of the sector's regulatory controls.
Then, it held meetings with exchange companies to discuss reorganizing their operations and raising compliance and governance levels.
The policy towards cash dollars also witnessed another change. In July, Iraqi media published a directive from the Central Bank allowing banks to deliver some foreign remittances and incoming dollar deposits to their owners in the same currency, according to specific controls, in a move that would increase the banking system's ability to meet the legitimate demand for foreign currency.
However, the parallel market did not disappear.
This is partly due to the nature of demand, which does not all pass through the banking system. The IMF stated in its report on Iraq that the remaining difference between the two exchange rates reflects, among other factors, informal trade, demand for dollars for activities that cannot access regulated channels, and speculation.
The central bank itself had previously stated in clarifications that part of the parallel demand comes from traders who do not use official import methods, or from trade that does not pass through regular customs ports, or from prohibited activities, which makes providing dollars for legitimate transactions insufficient on its own to eliminate the informal market.
Iraq's financial relationship with the United States and its trade with Iran add another layer of complexity.
Reuters reported last week that Iraq's reliance on the dollar-based financial system gives Washington significant leverage over its financial sector, at a time when Iraq maintains extensive economic ties with Iran. According to figures cited by the agency, Iraqi-Iranian trade exceeded $10 billion in 2025.
In recent years, the United States has also imposed restrictions and sanctions on Iraqi banks that it said were involved in transactions linked to Iran, prompting the central bank to tighten compliance requirements and restructure the relationship of Iraqi banks with the international financial system.
This reveals a paradox facing Iraqi monetary policy: stricter compliance reduces the risks of sanctions and money laundering and brings banks closer to the international financial system, but at the same time it may leave a portion of demand that is unable or unwilling to go through official procedures heading to the parallel market.
Therefore, the market rate alone does not provide a complete measure of the success of banking reform. Restructuring banks, improving governance, expanding their international relationships, and subjecting remittances to scrutiny are objectives that extend beyond the daily exchange rate.
However, a persistent gap approaching 18 percent is at the same time an indicator that is difficult to ignore when measuring the ability of reforms to reach the real economy.
For a trader who cannot finance all of his needs through a correspondent bank, or a citizen who needs cash dollars for purposes other than those specified, the parallel market rate remains the actual rate he faces.
Herein lies the most difficult test for the Central Bank and the government of Ali al-Zaidi.
After changing the rules for foreign exchange, reopening banking channels, regulating exchange companies, and expanding dollar transactions through banks, the challenge is no longer limited to building a more compliant financial system, but has become making this system capable of competing with the parallel market in speed, access, and cost.
The experience of the first eight months of 2026 suggests that the parallel market has not yet given up.
The dollar, which was selling for about 151,000 dinars per 100 dollars at the end of January, reached 154,500 dinars at the end of August, although it fell back from the peaks it recorded in June.
Thus, what has been achieved so far seems closer to a reform of the banking structure and channels than to a complete transformation of the exchange market.
Narrowing the gap between the two prices, rather than just the number of instructions or banks that have been rehabilitated, will be one of the clearest tests of the new policy’s ability to transfer reform from the banks to the market.
https://mustaqila.com/ارتفاع-الدولار-يختبر-الإصلاح-المصرفي/
EIA: US Records No Crude Imports From Iraq
2026-08-30 Shafaq News- Baghdad US crude oil imports from Iraq fell to zero last week, down from 6,000 barrels per day (bpd) a week earlier, Energy Information Administration (EIA) data showed on Sunday.
Canada remained the largest supplier at 3.526 million bpd, followed by Venezuela at 662,000, Brazil at 348,000, Mexico at 196,000, and Saudi Arabia at 165,000. Colombia shipped 141,000 bpd, Libya 89,000, and Nigeria 50,000.
No crude shipments were recorded from Ecuador, Algeria, Angola, Congo, Equatorial Guinea, Kuwait, Norway, Russia, Trinidad and Tobago, or the United Kingdom.
https://www.shafaq.com/en/Economy/EIA-US-records-no-crude-imports-from-Iraq
USD/IQD Remains Steady In Baghdad, Erbil
2026-08-30 Shafaq News- Baghdad/ Erbil The US dollar opened Sunday’s trading steady in Iraq, hovering above 153,500 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,000 dinars per 100 dollars, unchanged from the previous session on Saturday.
In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,950 dinars and buying prices at 153,850 dinars.
https://www.shafaq.com/en/Economy/USD-IQD-remains-steady-in-Baghdad-Erbil
Gold Prices Hold Steady In Baghdad And Erbil
2026-08-30 Shafaq News- Baghdad/ Erbil Gold prices hovered around 950,000 IQD per mithqal in Baghdad and Erbil markets on Sunday, according to a Shafaq News market survey.
On Baghdad's Al-Nahr Street, 21-carat gold, including Gulf, Turkish, and European varieties, sold for 970,000 IQD per mithqal (equivalent to five grams), with a buying price of 966,000 IQD, unchanged from Saturday.
The selling price for 21-carat Iraqi gold stood at 940,000 IQD per mithqal, with a buying price of 936,000 IQD.
At jewelry stores, 21-carat Gulf gold sold for between 970,000 and 980,000 IQD per mithqal, while Iraqi gold ranged from 940,000 to 950,000 IQD.
In Erbil, 22-carat gold sold for 1,000,000 IQD per mithqal, 21-carat gold reached 955,000 IQD and 18-carat gold stood at 820,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-hold-steady-in-Baghdad-and-Erbil-4-9
Seeds of Wisdom RV and Economics Updates Sunday Morning 8-30-26
Good Morning Dinar Recaps,
The G20 Financial Test: U.S. Debt, Iran and Trade Reshape the Global Economic Order
As the world's major economies gather for a G20 finance meeting, the financial system is being tested on several fronts at once: rising U.S. debt and bond yields, the economic consequences of the Iran war, trade tensions and Washington's attempt to use the dollar-centered financial system as leverage.
Good Morning Dinar Recaps,
The G20 Financial Test: U.S. Debt, Iran and Trade Reshape the Global Economic Order
As the world's major economies gather for a G20 finance meeting, the financial system is being tested on several fronts at once: rising U.S. debt and bond yields, the economic consequences of the Iran war, trade tensions and Washington's attempt to use the dollar-centered financial system as leverage.
Overview
U.S. Treasury Secretary Scott Bessent enters the G20 meeting facing an unusually difficult combination of problems: rising U.S. debt, elevated long-term Treasury yields, trade tensions and the economic fallout from the Iran war.
Washington wants G20 nations to reduce trade imbalances, support economic growth and sever remaining economic ties with Iran, including through pressure on countries purchasing Iranian oil.
The deeper issue is whether the G20 can coordinate around a common financial agenda when its members increasingly have different interests regarding the dollar, trade, energy and sanctions.
Key Developments
1. The G20 is meeting as multiple financial pressures converge
Finance ministers and central-bank governors from the world's major economies are meeting in Asheville, North Carolina, on Monday and Tuesday.
The timing is significant.
The global economy is dealing simultaneously with elevated energy prices, disrupted trade, geopolitical conflict and higher government borrowing costs.
The Iran war has kept the Strait of Hormuz closed, affecting energy flows and economic activity across the G20. At the same time, Washington is confronting rising U.S. debt and long-term Treasury yields that recently reached their highest level in 19 years.
This means the G20 isn't meeting under normal economic conditions.
It is meeting while the existing financial architecture itself is under pressure.
2. Washington wants Iran to become a global financial issue
Bessent is expected to push G20 partners to cut remaining economic ties with Iran, particularly transactions involving Iranian oil.
That turns the Iran conflict into something larger than a regional military or energy crisis.
It becomes a test of how much influence Washington can still exercise through the dollar-centered financial system.
Countries that continue doing business with Iran could face secondary U.S. sanctions, creating a difficult choice for governments and companies that have economic relationships with Tehran.
The problem for Washington is that the G20 includes countries such as China, India, Russia and Turkey, which have varying degrees of economic ties with Iran.
That makes consensus difficult.
3. The Treasury market is becoming part of U.S. economic diplomacy
The G20 discussion will also occur against the backdrop of an increasingly important problem at home: the cost of financing U.S. government debt.
The 30-year Treasury yield reached its highest level in 19 years this month.
The Treasury responded by announcing that it would double scheduled purchases of longer-term Treasuries to $4 billion per operation, temporarily easing pressure on yields. But the intervention has generated concerns among some market participants and central bankers about a greater Treasury role in a market traditionally valued for its predictable issuance and functioning.
That creates a difficult message for Washington.
The United States wants the world to continue viewing Treasury securities as the foundation of the global financial system while simultaneously taking increasingly visible steps to influence the market for those securities.
Why It Matters
The G20 represents roughly 85% of global GDP and 75% of international trade, making it one of the most important forums for assessing the direction of the global economy.
But the group's challenge is no longer simply economic coordination.
It is increasingly about competing financial interests.
The United States wants stronger growth, lower trade imbalances and continued use of its financial system as a tool of economic pressure.
China and other emerging powers have different priorities, including maintaining access to energy, expanding trade and reducing vulnerability to U.S. sanctions.
Europe is dealing with the inflationary consequences of higher energy prices.
And central banks are being forced to reconsider how quickly they can ease monetary policy.
The result is a global economy where trade policy, monetary policy, energy security and financial sanctions are becoming increasingly interconnected.
Why It Matters to Foreign Currency Holders
For foreign-currency holders, the important development is not simply whether the dollar strengthens or weakens against another currency.
It is the possibility that global trade and financial relationships are becoming more fragmented.
If countries increasingly face pressure to choose between access to the U.S. financial system and commercial relationships with sanctioned countries, the incentive to develop alternative payment and settlement channels increases.
That could gradually strengthen the importance of local-currency trade, regional payment systems and alternative reserve assets.
This does not mean the dollar is suddenly losing its reserve status.
Rather, the G20 meeting illustrates why the global monetary system may increasingly operate with multiple financial pathways instead of one dominant pathway.
Implications for the Global Reset
Financia power is becoming part of geopolitical power.
The Iran sanctions campaign demonstrates how the United States can use its position at the center of the dollar system to influence the behavior of other countries.
But every time that leverage is used, other nations have an incentive to ask whether they should become less dependent on the system being used as leverage.
That creates a paradox.
The stronger the dollar system is used as a geopolitical weapon, the greater the incentive for some countries to build alternatives to it.
The next financial architecture may emerge from fragmentation rather than replacement.
There is still no evidence of an imminent replacement for the dollar.
What is developing instead is a gradual layering of alternatives:
Dollar settlement + local currencies + regional payment systems + alternative reserve assets + new cross-border financial infrastructure.
That is consistent with the broader financial-reset theme we've been tracking.
The system doesn't have to collapse to change.
It can diversify one transaction, one payment rail and one trade relationship at a time.
What to Watch
The most important signals coming out of the G20 meeting will be:
Whether countries support or resist Washington's Iran sanctions strategy
Any discussion of global trade imbalances
Statements concerning the U.S. Treasury market and long-term yields
China's response to pressure over Iranian oil purchases
Whether emerging economies push for greater use of local currencies
Any discussion of international financial stability or alternative payment mechanisms
The most revealing outcome may actually be what the G20 cannot agree on.
A widening gap between the United States and other major economies over Iran, trade and financial policy would provide another indication that the post-Cold War financial architecture is becoming harder to coordinate.
Bottom Line
The G20 meeting is more than another gathering of finance ministers.
It is a stress test for the global financial system.
The United States arrives with enormous financial power—but also with $40 trillion-plus in public borrowing, elevated Treasury yields and an increasingly aggressive use of financial sanctions.
China and other major economies arrive with their own interests in trade, energy security and financial independence.
The central question is therefore becoming larger than Iran or U.S. debt:
Can the existing dollar-centered financial system continue to coordinate the world's major economies when those same economies increasingly disagree over trade, energy, sanctions and the distribution of financial power?
The global financial reset may not arrive as one dramatic replacement of the dollar system—it may emerge through the gradual renegotiation of debt, trade, energy and financial relationships inside the world's most important economic forum.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Reuters — U.S. Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war and bond turmoil
Reuters — U.S.-hosted G20 finance meeting to target growth, imbalances and Iran sanctions
~~~~~~~~~~
🌱 A Message to Our Currency Holders🌱
If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.
What failed was not your patience — it was the information you were given.
For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.
That is not your failure.
Our mission here is different: • No dates • No rates • No hype • No gurus
Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process
Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.
You will see silence. You will see denials. That is not delay — that is discipline.
Protect your identity. Organize your documents. Verify everything.
Never hand your discernment to anyone who cannot show proof.
You deserve truth — not timelines.
Seeds of Wisdom Team
Newshounds News
~~~~~~~~~~
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Seeds of Wisdom RV and Economics Updates Saturday Afternoon 8-29-26
Good Afternoon Dinar Recaps,
BRICS Moves Beyond De-Dollarization: The Push for Digital Currency and Cross-Border Settlement
India is preparing to put cross-border digital payments, central-bank digital currencies and local-currency trade at the center of the upcoming BRICS summit — signaling that the next stage of financial diversification may be about building new payment infrastructure rather than simply abandoning the dollar.
Good Afternoon Dinar Recaps,
BRICS Moves Beyond De-Dollarization: The Push for Digital Currency and Cross-Border Settlement
India is preparing to put cross-border digital payments, central-bank digital currencies and local-currency trade at the center of the upcoming BRICS summit — signaling that the next stage of financial diversification may be about building new payment infrastructure rather than simply abandoning the dollar.
Overview
India is preparing to push CBDC cooperation and seamless cross-border digital payments among BRICS members at the September 12–13 summit in New Delhi.
The focus is shifting from simply reducing dollar dependence to building alternative financial infrastructure that can make trade faster, cheaper and less dependent on traditional correspondent-banking channels.
This does not mean BRICS is replacing the dollar. It means another layer of the international financial system is beginning to take shape alongside the existing dollar-based system.
Key Developments
1. India is putting digital settlement on the BRICS agenda
India, which holds the BRICS presidency this year, is preparing to propose seamless cross-border digital payments and greater adoption of central-bank digital currencies among member states at next month's summit.
According to reporting from The Economic Times, a high-level meeting is expected next week to work through mechanisms for using digital currencies and increasing trade conducted in national currencies. The September 12–13 summit in New Delhi is expected to provide greater clarity on how fast-payment systems could eventually be linked.
The significance is that the discussion is moving from political statements about de-dollarization toward the mechanics of settlement.
That distinction matters.
A country can continue holding dollars as reserves while simultaneously developing payment channels that allow certain trade transactions to settle directly in national currencies.
The infrastructure can change before the reserve currency changes.
2. The goal is interoperability — not necessarily a single BRICS currency
One of the biggest obstacles to alternative payment systems is that individual countries have developed their own digital and fast-payment platforms.
India has its UPI system. China has its digital yuan infrastructure and CIPS payment network. Other BRICS members have their own domestic payment systems and, in some cases, CBDC programs.
The challenge is making those systems interoperable.
Reuters reported earlier this month that BRICS members were discussing possible links between their fast-payment systems and CBDCs, with the objective of making cross-border transactions faster and cheaper. RBI Governor Sanjay Malhotra said discussions were underway around connecting systems such as India's UPI with other BRICS payment infrastructure.
If those connections become operational, businesses could potentially move money across participating economies with fewer intermediaries and lower transaction costs.
That is a very different development from simply announcing another currency agreement.
It is financial plumbing.
3. BRICS is trying to lower the cost of conducting trade outside traditional dollar channels
India is also pushing for mechanisms to reduce transaction costs within the expanded 11-member BRICS grouping.
The Economic Times reports that discussions could include greater use of national currencies, cross-border digital payments and faster-payment-system linkages. BRICS members are also examining cooperation involving customs and global value chains.
This creates a potentially important feedback loop:
More local-currency trade → greater demand for direct settlement → better payment infrastructure → lower transaction costs → more incentive to use local currencies.
That does not require the dollar to disappear.
It simply makes the international system less dependent on one settlement pathway.
Why This Matters
For decades, the international financial system has relied heavily on the dollar, U.S. correspondent banks and established Western payment infrastructure.
That system remains dominant.
But dominance and exclusivity are not the same thing.
The development now underway inside BRICS is potentially important because countries are increasingly working on the ability to conduct portions of international commerce through alternative rails.
The biggest change may therefore occur quietly in the background.
A new financial system does not necessarily begin with a dramatic announcement that the old system is over.
It can begin with businesses discovering that another payment route is cheaper, faster or more politically reliable.
Why It Matters to Foreign Currency Holders
For foreign-currency holders, this development is worth watching because it could gradually change the role that national currencies play in international commerce.
If BRICS members successfully expand local-currency settlement, currencies such as the rupee, yuan, real, rand and other member currencies could gain additional utility in cross-border trade.
That does not automatically mean those currencies will appreciate sharply or replace the dollar as reserve assets.
The more immediate potential change is functional: A currency used more frequently in international trade has a broader economic role than a currency used primarily inside its home country.
For currency holders, that makes the development of payment infrastructure at least as important to watch as headlines about exchange rates.
Implications for the Global Financial Reset
The financial reset may be about infrastructure before currencies
The most important takeaway is that BRICS appears increasingly focused on how money moves, not simply what currency is used.
CBDC interoperability, fast-payment systems and local-currency settlement could create an alternative layer of financial infrastructure without requiring the immediate creation of a single BRICS currency.
That is a much more practical approach.
De-dollarization can happen at the margins before it happens at the center
The dollar can remain the world's dominant reserve and financing currency while its share of certain trade transactions gradually declines.
That would produce a more multipolar financial system without requiring a collapse of the existing one.
This is why today's development deserves attention.
The question is no longer simply: “Will BRICS replace the dollar?”
The more useful question is: “How much international commerce can BRICS eventually conduct without needing the traditional dollar-based settlement architecture?”
What to Watch Next
The September 12–13 BRICS summit in New Delhi will be the next major test.
Watch for concrete announcements involving:
CBDC interoperability
UPI and other fast-payment-system connections
Local-currency settlement mechanisms
Cross-border payment costs
Participation by China and other major BRICS economies
Whether proposed systems move from discussion into actual pilot programs
Evidence of real trade being settled through the new infrastructure
The key distinction will be between political declarations and operational systems.
A summit announcement matters.
A payment system that businesses actually use matters much more.
Bottom Line
BRICS is not replacing the dollar overnight, and there is no evidence that a single BRICS currency is about to displace the U.S. dollar.
Something more subtle — and potentially more consequential — is happening.
India is preparing to push BRICS toward interoperable digital currencies, faster cross-border payments and greater use of national currencies in trade.
If those initiatives move from proposals into functioning payment infrastructure, they could gradually reduce the world's dependence on traditional dollar-based settlement without requiring the dollar to lose its dominant reserve position.
The next phase of the global financial reset may therefore be less about replacing the dollar and more about building a world in which countries have more than one way to move money.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
The Economic Times — India to pitch central bank digital currencies to BRICS partners
Reuters — BRICS nations discuss linking payment systems and CBDCs
Note: An Important U.S. Distinction: America Has Rejected a Federal CBDC
The United States is taking a fundamentally different approach to digital currency than the BRICS countries now exploring CBDCs and cross-border digital settlement.
In January 2025, President Donald Trump signed an Executive Order directing federal agencies not to establish, issue, or promote a Central Bank Digital Currency (CBDC). The order specifically prohibits agencies from undertaking such actions, except where required by law.
That means the United States is not currently pursuing a Federal Reserve-controlled digital dollar comparable to the CBDC models being developed by other central banks.
Instead, the Trump administration has promoted private-sector digital assets, stablecoins, blockchain technology and Bitcoin as part of its broader digital-finance strategy. The administration has also established a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
It is important, however, to distinguish between “prohibited under current U.S. policy” and “legally impossible forever.” An executive order can be changed or revoked by a future administration, and Congress could establish additional statutory restrictions or authorizations.
For the purposes of today's financial-system discussion, the important point is this:
While BRICS countries are exploring CBDCs and interconnected digital-payment systems, the United States has explicitly chosen not to pursue a government-issued CBDC under the current administration.
That creates an important divide in the emerging global financial architecture: BRICS is exploring state-backed digital settlement infrastructure, while the United States is emphasizing private digital assets, stablecoins and blockchain-based financial innovation instead of a Federal Reserve-issued digital currency.
~~~~~~~~~~
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Iraq Economic News and Points To Ponder Saturday Afternoon 8-28-26
Basrah Crude Loses Over 6% On Week
2026-08-29 Shafaq News- Basra Basrah Heavy and Basrah Medium crude each lost $5.37 a barrel over the week, falling 6.72% and 6.46%, respectively. Both grades nevertheless rose in the final trading session.
Basrah Heavy gained $1.67 a barrel, or 2.29%, in the final session to settle at $74.52. Basrah Medium also rose $1.67 a barrel, or 2.19%, to close at $77.82.
Basrah Crude Loses Over 6% On Week
2026-08-29 Shafaq News- Basra Basrah Heavy and Basrah Medium crude each lost $5.37 a barrel over the week, falling 6.72% and 6.46%, respectively. Both grades nevertheless rose in the final trading session.
Basrah Heavy gained $1.67 a barrel, or 2.29%, in the final session to settle at $74.52. Basrah Medium also rose $1.67 a barrel, or 2.19%, to close at $77.82.
Global oil prices moved lower. West Texas Intermediate fell $0.08, or 0.10%, to $83.46 a barrel, while Brent declined $0.33, or 0.37%, to $89.37. https://www.shafaq.com/en/Economy/Basrah-crude-loses-over-6-on-week
Dollar Edges Higher In Baghdad, Erbil
2026-08-29 Shafaq News- Baghdad/ Erbil The US dollar edged higher against the Iraqi dinar in Baghdad and Erbil on Saturday, hovering around 154,000 dinars per $100.
According to a Shafaq News market survey, the dollar rose in Baghdad to 154,000 dinars per $100 at the al-Kifah and al-Harithiya central exchanges, up from 153,550 dinars on Thursday.
At currency exchange shops in Baghdad, the dollar was selling for 154,500 dinars per $100 and buying for 153,500 dinars.
In Erbil, the dollar was selling for 153,900 dinars per $100 and buying for 153,850 dinars.
https://www.shafaq.com/en/Economy/Dollar-edges-higher-in-Baghdad-Erbil-8
Gold Prices Fall In Baghdad And Erbil
2026-08-29 Shafaq News- Baghdad/ Erbil On Saturday, gold prices hovered around 970,000 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 970,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 966,000 IQD. The same gold had sold for 995,000 IQD on Thursday.
The selling price for 21-carat Iraqi gold stood at 940,000 IQD, with a buying price of 936,000 IQD.
In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 970,000 and 980,000 IQD, while Iraqi gold sold for between 940,000 and 950,000 IQD.
In Erbil, 22-carat gold was sold at 1,000,000 IQD per mithqal, 21-carat gold at 955,000 IQD, and 18-carat gold at 820,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-and-Erbil-7
Kirkuk-Baniyas Pipeline To Boost Iraq’s Exports By 2.25M Bpd
2026-08-29 Shafaq News- Baghdad Iraq is pushing ahead with a strategic oil pipeline that could open new export routes for up to 2.25 million barrels per day (bpd), Oil Minister Basim Mohammed Khudair al-Abadi said on Saturday.
At a meeting attended by Deputy Oil Minister for Extraction Affairs Nasir Aziz and the directors-general of the state-run South Oil Company and North Oil Company, al-Abadi directed officials to accelerate the technical and commercial arrangements and finalize preparations ahead of the contract signing.
The proposed pipeline would run from the southern oil hub of Basra through Haditha to Fishkhabur in northern Iraq. A separate section would connect Haditha with Baniyas on Syria’s Mediterranean coast.
https://www.shafaq.com/en/Economy/Kirkuk-Baniyas-pipeline-to-boost-Iraq-s-exports-by-2-25M-bpd
CBI Steps Up Monitoring Of Officials’ Wealth
2026-08-29 Shafaq News- Baghdad The Central Bank of Iraq (CBI) has instructed financial institutions to tighten scrutiny of senior officials and other high-ranking public figures, targeting unexplained wealth and transactions linked to corruption, money laundering, and terrorist financing.
A CBI document sets minimum requirements for monitoring such customers during and after their time in office, including wealth inconsistent with declared income or known finances and unusual or high-value transactions that do not match their activities or positions.
Other red flags include dealings with high-risk jurisdictions without clear economic justification, unexplained financial activity involving relatives or close associates, and the use of third parties, companies, or complex ownership structures to conceal beneficiaries or sources of funds.
Banks must also consider credible information linking customers to corruption, bribery, fraud, or other financial crimes, along with insufficient documentation of assets and sudden changes in spending patterns or holdings.
The CBI said these criteria will form part of its supervisory activities when assessing the effectiveness of financial institutions’ anti-money laundering and counter-terrorist financing systems.
The directive comes amid Iraq’s nationwide Dawn Crackdown, launched on June 28 to pursue corruption cases, including illicit enrichment and unexplained wealth among officials and political figures. The campaign has revived the “Where Did You Get This?” initiative, introduced in 2023 to examine whether officials’ assets match their declared income.
On Aug. 28, the CBI imposed a precautionary asset freeze on 12 current and former political figures in connection with corruption investigations, requiring banks to identify and report any funds held in their names.
Read more: Corruption arrests in Iraq pass 210 under PM al-Zaidi
https://www.shafaq.com/en/Economy/CBI-steps-up-monitoring-of-officials-wealth
UK exports to Iraq rise 3.7% in Q2 2026
2026-08-29 Shafaq News- London Iraq imported about $111 million in British goods in the second quarter of 2026, up 3.7% from roughly $107 million in the previous quarter, data from HM Revenue and Customs (HMRC) showed on Saturday.
Vehicles and automotive components led purchases at about $33 million, followed by pharmaceuticals at $20 million and machinery and mechanical equipment at $12 million.
Electrical equipment accounted for around $6.9 million, while essential oils, perfumes, cosmetics, and personal care products reached $6.2 million. Other goods included optical and medical instruments, fuels, beverages, chemicals, paints, and inks.
Bilateral trade remains heavily tilted toward UK exports. UN Comtrade figures released in April 2026 put Iraqi exports to the British market at only about $4 million in 2025. Unlike Iraq’s exports to many other markets, which are dominated by crude oil, sales to Britain consisted largely of food products.
An Iraqi Ministry of Finance report published in 2025 valued overall trade between the two countries at $1.108 billion in 2024, up from $1.072 billion a year earlier. https://www.shafaq.com/en/Economy/UK-exports-to-Iraq-rise-3-7-in-Q2-2026
USD Prices Stabilize In Baghdad, Increase In Erbil
2026-08-29 Shafaq News- Baghdad/ Erbil The US dollar closed Saturday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.
According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchange markets at 154,000 dinars per 100 dollars, the same price recorded in the morning’s session.
In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 154,000 dinars and buying prices at 153,900 dinars.
https://www.shafaq.com/en/Economy/USD-prices-stabilize-in-Baghdad-increase-in-Erbil
Iraq Ranks Third In July 2026 Foreign Visitors To Turkiye
2026-08-29 Shafaq News- Ankara/ Baghdad Iraqi visitors to Turkiye rose 8.59% in July from a year earlier, putting Iraq in third place among the country's largest sources of foreign visitors, according to the Turkish Ministry of Culture and Tourism.
A total of 131,607 Iraqis visited Turkiye in July 2026, up from 121,191 in the same month of 2025. They accounted for 1.85% of all foreign arrivals in July, compared with 1.70% in July 2025 and 1.53% in July 2024.
Iran ranked first with 322,256 visitors, followed by Saudi Arabia with 191,125. Iranian arrivals rose 27.11% year-on-year, while arrivals from Saudi Arabia declined 3.97%.
Across Asia, Turkiye received 1.039 million visitors in July 2026.
Read more: Iraqi visits to Turkiye surpass 80K in May
https://www.shafaq.com/en/Economy/Iraq-ranks-third-in-July-2026-foreign-visitors-to-Turkiye
MilitiaMan & Crew: Straight Talk: What You Need to Know About the IQD Now
MilitiaMan & Crew: Straight Talk: What You Need to Know About the IQD Now
8-29-2026
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: Straight Talk: What You Need to Know About the IQD Now
8-29-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Be sure to listen to full video for all the news……..
Iraq Economic News and Points To Ponder Saturday Morning 8-28-26
Iraq's Appointments Are On Shaky Ground... The 2027 Budget Will Determine The Fate Of Thousands Of Job Positions.
August 29, 2026Last updated: August 29, 2026 The Independent/- The Federal Public Service Council has brought the issue of government appointments back to the forefront of attention, after confirming that determining the number of job grades, creating them, and the necessary financial allocations for them are directly linked to what will be decided in Iraq’s 2027 budget and the relevant government agencies.
Iraq's Appointments Are On Shaky Ground... The 2027 Budget Will Determine The Fate Of Thousands Of Job Positions.
August 29, 2026Last updated: August 29, 2026 The Independent/- The Federal Public Service Council has brought the issue of government appointments back to the forefront of attention, after confirming that determining the number of job grades, creating them, and the necessary financial allocations for them are directly linked to what will be decided in Iraq’s 2027 budget and the relevant government agencies.
The official spokesman for the council, Fadel Al-Gharawi, said that the council’s role in the appointments file comes within the powers specified by the amended Federal Public Service Council Law No. (4) of 2009, noting that initiating the appointment procedures requires the availability of the necessary legal and financial requirements.
This position means that the appointments file is not linked to a single decision by the Civil Service Council, but rather depends primarily on the size of the job grades that will be included in next year’s budget, as well as the financial allocations and the actual needs of state institutions.
A wide segment of graduates and the unemployed are waiting to see what the 2027 budget will include, especially with the increasing number of applicants for government job opportunities and the growing demands to find real solutions to the unemployment issue.
Conversely, the government faces the challenge of striking a balance between providing job opportunities for graduates and maintaining the state’s financial stability, given the rising current expenditures and the costs of salaries and wages.
Thus, the 2027 budget appears to be the most important milestone in determining the shape of future government appointments, whether in terms of the number of newly created positions, the beneficiary entities, or the mechanisms for distributing them, while the Civil Service Council remains waiting for the completion of the legal and financial cover to begin its role in this matter. https://mustaqila.com/تعيينات-العراق-على-صفيح-ساخن-موازنة-2027-ت/
Sources: Ali Al-Zaidi Is Considering Dismissing The Finance Minister Due To The Failure To Address The Financial Crisis.
Last updated: August 29, 2026 Al-Mustaqilla - Well-informed political and media sources told Al-Mustaqilla that Prime Minister Ali Falih al-Zaidi is seriously considering making a change in the Ministry of Finance that may include the dismissal of Minister Falih al-Sari, amid escalating criticism of the way the liquidity shortage crisis and the delay in funding state employees’ salaries have been managed.
The sources, who asked not to be named, said that Al-Zaydi expressed his dissatisfaction with the level of support provided by the Ministry of Finance during the past months, especially with the continued pressure on the treasury and the failure to reach stable solutions to secure salaries and ongoing obligations.
There has been no official comment yet from the Prime Minister's office or the Ministry of Finance regarding the possibility of a cabinet reshuffle.
Al-Sari took over the Ministry of Finance on May 14, 2026, after the House of Representatives unanimously voted to grant him confidence within Al-Zidi’s government.
On July 30, Al-Sari acknowledged a financial deficit that was hindering the completion of salary payments for employees, retirees, and social welfare beneficiaries. He stated that the monthly salary obligations amounted to approximately 7.8 trillion dinars, and that the ministry was working to provide the necessary liquidity to complete the payments.
Pressures increased during August, as the parliamentary finance committee said that the minister had requested to be hosted in the House of Representatives to explain the financial situation and discuss a draft law for borrowing, while it spoke of the lack of final solutions to the salary crisis.
Local reports also showed that the government resorted to borrowing from local banks to cover part of its obligations, in light of declining oil revenues and a shortage of available liquidity, in an economy that relies heavily on crude oil revenues to finance public spending.
Published financial data indicates that government revenues amounted to approximately 35.9 trillion dinars in the first half of 2026, compared to expenditures of approximately 54.7 trillion dinars, reflecting a large funding gap that increased the pressure on the Ministry of Finance.
Al-Zaidi had placed economic reform and building a more robust financial and banking system among the priorities of his government program when he gained confidence, so the liquidity crisis and the regularity of salaries became one of the most prominent tests facing his government during its first months.
Under Article 78 of the Constitution, the Prime Minister has the right to dismiss ministers with the approval of the House of Representatives, which means that any decision to dismiss Al-Sari, if taken, will require parliamentary approval.
https://mustaqila.com/مصادر-علي-الزيدي-يدرس-إقالة-وزير-المال/
Atroushi Calls For A "Legal Revolution" In The Federal Parliament To Overturn The Decisions Of The Previous Regime And Enact The Oil And Gas Law.
Erbil (Kurdistan 24) - Deputy Speaker of the Federal Parliament, Farhad Atrushi, stated on Thursday, August 27, 2026, that the atmosphere within the Federal Parliament has witnessed a marked improvement compared to previous months, stressing the existence of efforts to unify the positions of the Kurdish parties, and emphasizing Iraq’s need for a “legal revolution” to cancel the decisions of the former regime and enact the postponed basic laws.
In statements to Kurdistan24, Atroushi pointed out that Iraq, in addition to the issues of its relationship with the Kurdistan Region, faces internal challenges related to services, salaries, the phenomenon of uncontrolled weapons, and outlaw groups, as well as the complexities of relations with neighboring countries.
The Deputy Speaker of the Federal Parliament explained that the Kurdistan Democratic Party seeks to strengthen its relations with the Shiite political forces in Iraq, indicating that work is underway to coordinate positions between the Kurdish parties in order to pass common points under the dome of Parliament.
Regarding the fuel crisis, Atroushi noted his meeting with the Federal Oil Minister, who responded positively, pointing out the need to hold a meeting with the Federal Prime Minister, Ali Faleh al-Zaidi, to demand the formation of a joint committee between the Kurdistan Regional Government and the Federal Government to address the gasoline issue.
Regarding sovereign laws, Atroushi criticized the inability of the federal parliament over the past two decades to enact vital laws such as the Oil and Gas Law, the Federal Council Law, and the Federal Court Law, saying: "We need a legal revolution; there are still about 5,000 decisions issued by the (Revolutionary Command Council) of the former regime in effect, and they do not in any way conform to the standards of a federal state."
He added that enacting an oil and gas law is a top priority, given that work is still underway on laws dating back 40 years, at a time when Iraq depends on oil wealth for 90% of its revenues.
Regarding the nature of the relationship between Erbil and Baghdad, Atroushi revealed that relations are going through a very positive phase, stressing that President Barzani, the President of the Region, and the Prime Minister of the Region are showing great support for the new federal government, as it is a real opportunity to rescue Iraq from the current crises.
The Central Bank suspends banking transactions for 14 individuals and 19 companies
About the news
The Central Bank of Iraq has decided to suspend dealings with 14 individuals and 19 companies operating in the oil, trade and transportation sectors.
The decision was made due to suspicions surrounding their dealings.
The companies named on the list operate in vital and sensitive sectors such as: oil, trade, livestock, manufacturing, transportation, and financial services.
According to an official letter issued by the Central Bank of Iraq on Thursday, August 27, 2026, the letter was addressed to all banks and non-bank financial institutions not to deal in any way with the bank accounts of these individuals and companies.
Reasons related to this procedure
The action is related to suspicions surrounding their financial transactions, and it has been decided to suspend their accounts pending a thorough and comprehensive investigation into them.
Central Bank: This measure will continue until further notice.
All banks were warned that any entity that violates this decision will be subject to legal accountability.
The list of bans and prohibitions included (14) people and (19) commercial and local companies, most notably “Al-Taif Holding Company”, “Jamal Al-Surouh Company”, “Mismar Juha Company for Manufacturing Industries”, and “Al-Masarat Company for Oil Services”, in addition to a number of individuals.
This decision is based on Article 40 of the "Central Bank of Iraq" Law, which grants the bank full powers to supervise and regulate the affairs of banks and their branches, with the aim of protecting the country's financial system and preventing any illegal transactions. https://channel8.com/arabic/news/84537
Central Bank Of Iraq To Monitor Bank Accounts Of Politicians And Officials
At a Glance
The Central Bank of Iraq issued strict new directives on August 26 targeting the bank accounts of politicians and government officials.
The regulations are designed to combat systemic corruption and illicit money laundering across national financial institutions.
Banks are required to flag anomalous wealth, unverified foreign transfers to high-risk zones, and unexplained asset spikes during or after tenure.
Compliance will be rigorously audited by central inspection teams and factored into institutional evaluations.
In an official directive issued on August 26, the Central Bank of Iraq instructed all commercial banks to enforce enhanced monitoring protocols on politically exposed persons and high-ranking government officials to curb financial crimes.
Key Monitoring Criteria
Disproportionate Wealth: Flagging sudden inconsistencies between declared monthly salaries or state incomes and total accumulated assets.
Unusual Transactions: Detecting high-value or irregular transactions executed during or immediately following an official's term in office.
High-Risk Transfers: Scrutinizing capital movements routed to high-risk foreign countries or jurisdictions lacking clear economic justifications.
Complex Structures: Identifying the use of third parties, shell companies, or intricate corporate vehicles to conceal ultimate beneficial ownership.
Family Networks: Monitoring unexplained financial flows involving relatives, close associates, or negative intelligence reports regarding bribery and financial misconduct.
The Central Bank emphasized that all banking branches must immediately implement these guidelines and brief their staff accordingly. Inspection teams will actively evaluate institutional compliance, ensuring that failure to report unverified funds or suspicious asset shifts impacts overall bank performance ratings. FYI
Politically Exposed Persons (PEPs) are individuals who have been entrusted with prominent public functions, such as senior politicians, judicial officials, or state executives. Because of their positions and influence, international financial watchdogs classify PEPs as higher-risk targets for money laundering and corruption, necessitating enhanced due diligence by commercial banks. https://channel8.com/english/news/64666
Seeds of Wisdom RV and Economics Updates Saturday Morning 8-29-26
Good Morning Dinar Recaps,
When the Fed Turns Hawkish Again: Higher Rates, U.S. Debt and a New Dollar Test
Federal Reserve Chair Kevin Warsh's Jackson Hole message has reopened the possibility of higher U.S. interest rates — creating a new test for the dollar, Treasury market and the sustainability of America's debt burden.
Good Morning Dinar Recaps,
When the Fed Turns Hawkish Again: Higher Rates, U.S. Debt and a New Dollar Test
Federal Reserve Chair Kevin Warsh's Jackson Hole message has reopened the possibility of higher U.S. interest rates — creating a new test for the dollar, Treasury market and the sustainability of America's debt burden.
Overview
The Federal Reserve is signaling that rate hikes are back on the table if inflation does not move convincingly toward the 2% target.
Treasury yields moved higher as markets repriced the Fed's path, putting renewed pressure on an already heavily indebted U.S. government.
The dollar initially strengthened, but the bigger question is whether higher yields ultimately reinforce confidence in U.S. assets or expose deeper concerns about debt sustainability.
Key Developments
1. Warsh puts inflation back at the center of Fed policy
At the Federal Reserve's Jackson Hole symposium, Chair Kevin Warsh delivered his clearest indication yet that additional rate increases may be necessary if inflation fails to make meaningful progress toward the Fed's 2% objective.
Warsh said recent inflation readings have not convinced him that the underlying trend has improved sufficiently. He also emphasized that the economy remains resilient, meaning the Fed may have room to maintain or increase monetary restraint rather than automatically moving toward lower rates.
Markets responded quickly. Reuters reported that the probability of a September rate hike rose from roughly 35% to 60% following Warsh's remarks, while short-term Treasury yields moved sharply higher.
2. The Treasury market is now facing a different rate environment
The immediate market reaction was concentrated at the short end of the Treasury curve, but the implications extend much further.
The 2-year Treasury yield rose to about 4.35%, while the 10-year yield moved to approximately 4.72% after Warsh's speech. The increase reflects a market that is beginning to price a higher probability of restrictive monetary policy lasting longer — or becoming tighter again.
That matters because the United States must continually refinance existing debt while issuing enormous quantities of new debt.
Higher interest rates therefore create a difficult feedback loop:
Higher inflation → tighter Fed policy → higher yields → more expensive government borrowing → greater pressure on the federal budget.
The longer that cycle persists, the more important Treasury yields become to the broader financial system.
3. The dollar gets an initial boost — but the longer-term test is more complicated
Normally, expectations for higher U.S. interest rates are supportive of the dollar because higher yields can attract global capital toward dollar-denominated assets.
That reaction is already visible. The dollar strengthened following Warsh's remarks as markets reassessed the likelihood of additional tightening.
But there is another side to the equation.
Higher yields are good for the dollar only if investors interpret them as evidence of monetary credibility rather than evidence of rising fiscal stress.
That distinction is becoming increasingly important.
If investors believe the Fed is willing to keep rates sufficiently high to restore price stability, the dollar can benefit from higher real returns and renewed confidence in U.S. monetary policy.
If investors instead conclude that Treasury borrowing requirements are becoming the dominant force behind higher yields, the signal becomes more complicated.
Why This Matters
The significance of Warsh's speech extends beyond the September rate decision.
For years, the global financial system has operated around the assumption that U.S. Treasuries are the foundational safe asset and the dollar is the dominant reserve currency.
That system depends partly on confidence that the United States can finance its enormous debt while maintaining monetary stability.
The current environment is testing both sides of that equation.
The Fed wants sufficiently tight financial conditions to control inflation. The Treasury, meanwhile, must finance a massive fiscal deficit at whatever interest rates the market demands.
Those objectives can coexist — but they become increasingly difficult to balance as debt service costs rise.
Why It Matters to Foreign Currency Holders
For foreign-currency holders, the important issue is not simply whether the dollar rises or falls on any particular day.
The larger issue is how the world's major currencies respond to a changing U.S. interest-rate and debt environment.
If higher U.S. rates attract capital back toward dollar assets, the dollar could strengthen against currencies whose central banks remain more accommodative.
But if persistent U.S. deficits and rising debt-service costs eventually become a greater concern for global investors, currency diversification could become more important.
That is particularly relevant to the broader movement toward local-currency trade, alternative payment systems and greater reserve diversification.
The global financial system does not have to abandon the dollar for diversification to matter. Even a gradual shift in the percentage of international trade, reserves and financial transactions conducted outside the dollar can alter the architecture at the margin.
Implications for the Global Financial Reset
Debt is becoming a monetary-policy variable
The United States cannot separate interest-rate policy from its fiscal position indefinitely. Every additional increase in borrowing costs affects the government's future financing requirements.
That makes the Treasury market increasingly important to the global financial system — not simply as an investment market, but as a measure of confidence in U.S. fiscal and monetary policy.
The dollar's next test may come from the bond market
A stronger dollar caused by higher Fed rates would reinforce the existing financial system.
But a situation in which higher Treasury yields coexist with questions about U.S. debt sustainability would represent something very different.
That is the financial signal worth watching.
What to Watch Next
The next major signals will come from:
September's inflation data and employment reports
The Fed's September 15–16 policy meeting
The 2-year and 10-year Treasury yields
Demand at upcoming Treasury auctions
The dollar's response to higher U.S. yields
Any evidence that Treasury borrowing costs are beginning to influence fiscal or monetary policy
The most important question is no longer simply “Will the Fed cut rates?”
It is whether the United States can maintain price stability, affordable debt financing and confidence in the dollar at the same time.
Bottom Line
Kevin Warsh has put inflation back at the center of the Federal Reserve's policy debate, and markets are already responding by pricing a greater possibility of higher rates.
That creates a new three-way tension between the Fed, the Treasury and the dollar.
If higher rates restore confidence in U.S. monetary stability, the dollar could benefit. If higher yields increasingly reflect the cost of financing America's debt, the same Treasury market could become a source of pressure on the currency.
The next phase of the global financial reset may therefore be determined not by a single rate decision, but by how the world responds when U.S. monetary tightening collides with America's unprecedented debt burden.
Sources
Reuters — Rate-hike expectations rise on Warsh speech at Jackson Hole
Federal Reserve — Chairman Warsh's 2026 Jackson Hole keynote remarks
~~~~~~~~~~
🌱 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
Rob Cunningham: What if we’ve been Right about XRP but Measuring the Wrong Clock?
Rob Cunningham: What if we’ve been Right about XRP but Measuring the Wrong Clock?
8-28-2026
XRP ARMY: WHAT IF WE’VE BEEN RIGHT… BUT MEASURING THE WRONG CLOCK?
We all know the headline: XRP settles in ~3–5 seconds.
But settlement speed ≠ economic reuse speed.
That distinction may completely change the XRP calculus.
Rob Cunningham: What if we’ve been Right about XRP but Measuring the Wrong Clock?
8-28-2026
XRP ARMY: WHAT IF WE’VE BEEN RIGHT… BUT MEASURING THE WRONG CLOCK?
We all know the headline: XRP settles in ~3–5 seconds.
But settlement speed ≠ economic reuse speed.
That distinction may completely change the XRP calculus.
If XRP simply bridges: ASSET A → XRP → ASSET B
…it may be economically occupied for seconds.
But if XRP is also supporting liquidity across currencies, stablecoins, tokenized securities and other assets, some XRP will remain economically committed for minutes, hours, days or longer.
Same XRP.
Same fast ledger.
Very different capital velocity.
And THAT changes the question.
Stop asking only: “How many times can XRP theoretically settle each day?”
Start asking: “How many times can the economically AVAILABLE XRP actually be reused each day?”
Now XRP utility becomes something closer to:
VALUE × TIME ÷ AVAILABLE XRP
How much value needs XRP? × How long does it need XRP? ÷ How much XRP is actually available for the next job?
That’s the mindset shift.
A 3–5 second settlement network can remain breathtakingly fast while portions of its liquidity become economically occupied for far longer.
And even a relatively small percentage of longer-duration liquidity commitments can dramatically reduce effective XRP reuse.
Which means the future XRP question may not simply be: “How much value can XRP move?”
It may be: “HOW MUCH ECONOMIC CAPACITY MUST EACH AVAILABLE XRP CARRY?”
Don’t accept this because it’s bullish.
Don’t reject it because it’s unfamiliar.
Attack the assumptions. Change the VET/LBO mix. Change occupancy time. Change available supply. Run the math.
Confidence doesn’t come from somebody predicting our favorite XRP price target.
It comes from understanding the machinery deeply enough that you no longer need someone else to tell you what to believe.
Maybe the XRP community hasn’t been wrong.
Maybe we’ve simply been watching one clock… when XRP’s emerging liquidity economy requires us to understand two.
SETTLEMENT measures SPEED.
OCCUPANCY measures SCARCITY.
UTILITY determines the MIX.
PRICE provides CAPACITY.
Same XRP.
Entirely different calculus.
My Full KUWL Analysis: https://robcunningham.substack.com/p/the-next-layer-of-xrp-understanding
Source(s):
• https://x.com/KuwlShow/status/2093102360415387990
Dollar's Final Break? “RUSH TO THE EXITS” Could Trigger Global Financial CHAOS | Robert Kientz
Dollar's Final Break? “RUSH TO THE EXITS” Could Trigger Global Financial CHAOS | Robert Kientz
Liberty and Finance: 8-27-2026
The U.S. dollar and Treasury markets could be approaching a critical breaking point as rising debt, persistent inflation, and declining confidence put increasing pressure on the financial system, according to Rob Kientz of the Freedom Report.
Kientz argues that de-dollarization may unfold slowly at first, but could suddenly accelerate when the next recession forces nations to “rush to the exits” and rotate out of dollars and U.S. bonds.
Dollar's Final Break? “RUSH TO THE EXITS” Could Trigger Global Financial CHAOS | Robert Kientz
Liberty and Finance: 8-27-2026
The U.S. dollar and Treasury markets could be approaching a critical breaking point as rising debt, persistent inflation, and declining confidence put increasing pressure on the financial system, according to Rob Kientz of the Freedom Report.
Kientz argues that de-dollarization may unfold slowly at first, but could suddenly accelerate when the next recession forces nations to “rush to the exits” and rotate out of dollars and U.S. bonds.
He warns that a bond-market crisis could trigger massive losses across banks, pensions, corporations, and financial markets while capital seeks alternative assets such as gold and silver.
Kientz also explains why the Federal Reserve is trapped between fighting inflation with higher rates and protecting an economy burdened by unprecedented debt, while predicting continued strength in precious metals and significant outperformance from mining stocks.
With gold potentially retesting $5,500 and silver potentially surpassing $100 this year, Kientz sees the beginning of a broader commodity supercycle—and warns investors to prepare for a potentially historic shift in global capital flows.
INTERVIEW TIMELINE:
0:00 Intro
1:10 US debt crisis
15:20 Jackson Hole meeting
24:30 Miners & gold
28:20 Gold confiscation
29:45 Last thoughts