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DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-1-26

Oil Prices Climb Above $91 On Renewed US-Iran Strikes

2026-09-01 Shafaq News Oil prices gained around $1 on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world's key crude-producing region.

Brent crude futures were up $1.05, or 1.2%, to $91.54 a barrel at 0455 GMT, while U.S. West Texas Intermediate crude was up $1.27, or 1.5%, to $87.03.

Oil Prices Climb Above $91 On Renewed US-Iran Strikes

Brent crude futures were up $1.05, or 1.2%, to $91.54 a barrel at 0455 GMT, while U.S. West Texas Intermediate crude was up $1.27, or 1.5%, to $87.03.

In the previous session, Brent closed up 2.7%, at one point reaching its highest since August 25, and WTI settled up 2.8%, touching its highest since August 21.

On Monday, U.S. President Donald Trump threatened further strikes against Iran following the first exchange of direct ⁠attacks between the countries in a month on Sunday, raising tensions in a conflict that had recently shifted into an economic standoff.

"These bring the potential for Iranian retaliation back into the equation. That in turn raises the prospect of damage to energy infrastructure around the Gulf and adds fresh uncertainty for shipping through the Strait of Hormuz. Both of those risks are being reflected in the firmer tone in crude prices," said Tim Waterer, chief market analyst at KCM.

On Monday, the number of visible commodity vessels transiting the Strait of Hormuz held at five per day, below the 10-day average of around 14, shipping data from Kpler showed. None of the five ships were liquid tankers.

Efforts by mediators including Qatar and Oman to broker a ⁠deal to reopen the Strait of Hormuz, which carried about a fifth of global oil supplies before the war erupted in late February, have so far failed to gain traction.

Iran shut the waterway after the U.S. and Israel attacked the country on February 28.

Highlighting the risks that remain to shipping and oil supply, the United Kingdom Maritime Trade Operations agency (UKMTO) said on Tuesday a tanker reported being struck ⁠by three projectiles while sailing out of the Strait of Hormuz. No casualties or environmental impacts were reported.

"Despite satellite tracking firms suggesting oil flowing through Hormuz is around 6 million barrels per day, that is well below pre-conflict levels," said ANZ analysts in a ⁠note.

"In the meantime, the buffers the global oil market has been relying on are becoming exhausted. U.S. inventories are nearing minimum levels, while China's ability to keep imports low will be tested as seasonal demand picks up."

Crude oil ⁠inventories in the U.S. Strategic Petroleum Reserve declined by about 3.1 million barrels last week, leaving stockpiles at 286.6 million barrels.

Analysts polled by Reuters in August expect oil prices to remain above $80 a barrel in 2026 as shipping disruptions continue. (REUTERS)

https://www.shafaq.com/en/Economy/Oil-prices-climb-above-91-on-renewed-US-Iran-strikes

Basrah Crude Prices Jump More Than 7%

2026-09-01 Shafaq News– Basrah Iraq’s Basrah crude prices rose on Tuesday, with Basrah Heavy gaining more than 7% alongside a recovery in global oil benchmarks.

Basrah Heavy climbed $5.91, or 7.93%, to $80.43 per barrel, while Basrah Medium gained $5.91, or 7.59%, to $83.73.

In global markets, Brent crude rose $1.05, or 1.2%, to $91.54 a barrel. U.S. West Texas Intermediate (WTI) gained 1.5% to around $87.03.

Murban crude rose to $98.45 a barrel, up $2.70, or 2.82%, while the OPEC basket stood at $89.59, up $2.28, or 2.61%.

https://www.shafaq.com/en/Economy/Basrah-crude-prices-jump-more-than-7

Dollar Climbs In Baghdad, Erbil Markets

2026-09-01 Shafaq News- Baghdad/ Erbil The US dollar opened Tuesday’s trading higher 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 exchanges at 154,250 dinars per 100 dollars, up from the previous session’s 154,000 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,750 dinars and bought it at 153,750 dinars, while in Erbil, selling prices stood at 154,100 dinars and buying prices at 154,000 dinars

https://www.shafaq.com/en/Economy/Dollar-climbs-in-Baghdad-Erbil-markets-7

Iraq Orders Generator Fuel Subsidy For September

2026-09-01 Shafaq News- Baghdad Iraqi Prime Minister Ali Faleh Al-Zaidi on Tuesday ordered subsidized fuel supplies for private generators throughout September, according to a statement from the PM's Media Office, hours after operators in Baghdad began shutting down their units in protest over Oil Ministry support.

Private generators will receive 40 liters of fuel per kilowatt-hour at 400 Iraqi dinars (about $0.30) per liter, while maintaining the currently approved operating schedule.

Al-Zaidi also directed that electricity be supplied for at least 20 hours a day through alternating operation between the national grid and private generators.

Prime Minister Ali Faleh Al-Zaidi Directs Provision of Fuel to Private Generators at Subsidized Price for September

•••••

Prime Minister Ali Faleh Al-Zaidi directed today, Tuesday, that private generators be supplied with fuel at a rate of 40 liters per kilowatt-hour and at a subsidized price of 400 Iraqi dinars per liter throughout the month of September.

The Prime Minister also directed adherence to the currently approved operating hours, with electricity supplied for no less than 20 hours per day through alternating operation between the national power grid and private generators, ensuring a stable and continuous electricity supply to citizens. Media Office of the Prime Minister September 1, 2026

•••••

Generator owners in Baghdad began shutting down their units at midnight on Tuesday, about two hours after the Oil Ministry told Shafaq News that it prioritizes fuel supplies to residential generator operators, with diesel allocations tied to the number of hours of electricity supplied by the national grid.

https://www.shafaq.com/en/Economy/Iraq-orders-generator-fuel-subsidy-for-September

Gold Prices Fall In Baghdad, Erbil Markets

2026-09-01 Shafaq News- Baghdad/ Erbil On Tuesday, gold prices hovered around 950,000 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 960,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 956,000 IQD. The same gold had sold for 965,000 IQD on Monday.

The selling price for 21-carat Iraqi gold stood at 930,000 IQD, with a buying price of 926,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 960,000 and 970,000 IQD, while Iraqi gold sold for between 930,000 and 940,000 IQD.

In Erbil, 22-carat gold was sold at 984,000 IQD per mithqal, 21-carat gold at 940,000 IQD, and 18-carat gold at 807,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-Erbil-markets-5-5

Iran's Toman Plummets Past 210K Per Dollar

2026-09-01 Shafaq News- Tehran Iran's toman has lost more than half its value against the dollar in a year, with the US currency climbing above 210,000 tomans from around 95,800 tomans a year ago, according to Tejarat News, a website that tracks free-market exchange rates.

The dollar is trading at more than 211,000 tomans in Iran's free market, up from about 207,000 a week earlier. The euro stood at around 245,000 tomans, while the British pound traded at about 285,000 tomans.

"The decline has accelerated as demand for foreign currency rises and access to international payment channels remains limited, putting further pressure on the currency," Tejarat News reported, noting that a weaker currency raises the cost of imported goods, raw materials and essential products.

On Aug. 24, US Treasury Secretary Scott Bessent unveiled "Operation Economic Outcast," targeting nearly 60 Iran-linked individuals, entities and vessels and widening potential secondary sanctions across sectors including digital assets, technology, gold, aviation and shipping.

Iran is also contending with high inflation. The Statistical Center of Iran reported annual inflation of 66% in July, with prices 87.9% higher than a year earlier and food inflation at 128%.

https://www.shafaq.com/en/Economy/Iran-s-toman-plummets-past-210K-per-dollar

DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 9-1-26

Good Afternoon Dinar Recaps,

Japan's 30-Year Bond Shock: Rising Yields Challenge the World's Debt System

Japan's surging long-term bond yields are testing the country's debt sustainability while creating potential ripple effects across global capital flows and government borrowing costs.

Good Afternoon Dinar Recaps,

Japan's 30-Year Bond Shock: Rising Yields Challenge the World's Debt System

Japan's surging long-term bond yields are testing the country's debt sustainability while creating potential ripple effects across global capital flows and government borrowing costs.

OVERVIEW

Japan's bond market: Rising long-term yields are forcing investors to reassess the cost of holding Japanese government debt as inflation, fiscal concerns and expectations for higher interest rates intensify.
Global capital: Japan has historically been an important source of relatively inexpensive capital, meaning a shift toward higher domestic yields could influence where Japanese and international investors allocate money.
Global debt: Japan's bond-market stress is occurring alongside rising yields in the UK, Europe and the United States, suggesting a broader repricing of sovereign debt and the cost of capital.

KEY DEVELOPMENTS

1. Japan's 10-Year Yield Breaks the 3% Barrier

Japan's 10-year government bond yield reached 3% for the first time since 1996, marking a major milestone for a country that spent decades operating with exceptionally low interest rates.

The move reflects growing concerns over inflation, government spending and the future path of Bank of Japan interest rates.

2. Long-Term Japanese Yields Are Moving Even Higher

The pressure extends beyond the 10-year bond. Japan's 30-year government bond yield was around 4.19% on September 1, continuing its upward move.

Longer-term yields are particularly important because they reflect investor expectations about future inflation, government borrowing and the long-term cost of capital.

3. Japan's Debt Burden Makes Higher Yields More Significant

Japan's government debt is more than 200% of GDP, making rising borrowing costs an important fiscal issue.

As yields rise, the government faces greater costs when existing debt matures and must be refinanced. That can eventually place pressure on government spending, taxation and fiscal policy.

4. Japan Could Affect Global Capital Flows

Japan has historically been a major source of overseas investment because domestic yields were extremely low.

If Japanese yields become increasingly attractive, investors could have greater incentive to keep capital at home or reduce exposure to foreign bonds, potentially affecting markets that have benefited from Japanese capital.

Reuters analysts noted that higher Japanese yields could curb foreign-asset purchases and contribute to a broader repricing of global fixed-income markets.

5. The Japanese Shock Is Part of a Larger Global Repricing

Japan is not moving in isolation. Government borrowing costs are rising across major economies as oil prices, inflation concerns, fiscal pressures and expectations for higher interest rates weigh on bond markets.

The UK's 30-year borrowing cost has reached approximately 5.89%, its highest level since 1998, while yields in Germany, France and the United States have also moved higher.

WHY IT MATTERS

Japan's bond market has historically been one of the foundations of the global low-interest-rate and carry-trade environment.

When Japanese yields rise substantially, investors have to reconsider whether taking additional currency and foreign-market risk is still worthwhile.

The larger issue is the simultaneous rise in borrowing costs across several major economies. If sovereign yields remain elevated, governments everywhere may have to compete for capital at higher prices.

That can affect economic growth, fiscal policy, asset valuations and central-bank decisions.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Currency value: Higher Japanese yields can influence the yen by changing expectations for Bank of Japan policy and international capital flows.
Capital flows: Japanese investors may have greater incentive to keep money in domestic assets rather than seeking returns overseas.
Exchange rates: Changes in Japanese yields can affect the yen and major currency pairs, particularly if expectations for monetary tightening continue to increase.
Purchasing power: Higher global borrowing costs and energy prices can increase costs for households and businesses, putting additional pressure on currencies and purchasing power.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Debt

Japan demonstrates how quickly a low-interest-rate environment can become a higher-cost debt environment.

With government debt exceeding 200% of GDP, sustained increases in long-term yields could place greater pressure on Japan's fiscal position. The same principle applies globally: the higher the cost of refinancing debt, the less fiscal flexibility governments have.

Pillar 2: Assets

Japan's rising yields could contribute to a broader reassessment of global asset allocation.

If Japanese bonds become more attractive relative to foreign assets, capital flows can change. That can affect global bonds, currencies, equities and other risk assets, particularly where valuations have depended on persistently low interest rates.

CONCLUSION

Japan's bond-market move is significant because it represents more than a change in one country's interest rates. It is a test of what happens when one of the world's largest debt markets begins transitioning away from decades of exceptionally low borrowing costs.

The combination of Japan's rising yields, elevated government debt and changing capital flows could have consequences well beyond Tokyo.

At the same time, Japan's move is occurring alongside a broader global bond repricing driven by energy costs, inflation and fiscal pressure.

The question is no longer simply how high Japanese yields can go—it is how a higher global cost of capital changes the financial system built around decades of cheap money.

Seeds of Wisdom Team
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Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

Tuesday Iraq News Posted by Tishwash at TNT 9-1-2026

TNT:

Tishwash: Al-Zaydi, in a meeting with the framework: The file of vacant ministries will be completed this week.

Prime Minister Ali al-Zaidi confirmed that discussions regarding the vacant ministries will be completed this week, during a new meeting with the coordination framework held in the office of Badr Organization leader Hadi al-Amiri.

According to a statement published by the Coordination Framework, the meeting discussed "the latest developments at the local and international levels," while Al-Zaydi announced at the beginning of the meeting that "discussions related to completing the government formation will be completed during this week, in preparation for sending it to the House of Representatives next week for a vote."

TNT:

Tishwash: Al-Zaydi, in a meeting with the framework: The file of vacant ministries will be completed this week.

The coordination framework also discussed "the country's financial and economic situation, in light of the repercussions of the war in the region and the disruption of navigation in the Strait of Hormuz," and also discussed "the progress of work on important and urgent legislation, most notably the general budget law and the Popular Mobilization Forces link

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Tishwash: When will the removal of zeros begin? A member of parliament sets a date for the project's implementation.

MP Murtadha Afween confirmed on Monday that the project to remove zeros from the Iraqi currency has not yet moved to the implementation phase, indicating that the project does not represent a direct solution to the crises plaguing the Iraqi economy.

Afween told the Information Agency that "the issue of removing zeros from the currency has not yet reached the implementation phase," explaining that "the project has not contributed to addressing the crises facing the Iraqi economy."

He added that "removing zeros from the currency, if it proceeds, should not be considered a sufficient measure to address the economic challenges," noting "the importance of focusing on issues directly related to the country's economic and financial reality."

Afween pointed out that "addressing the economic crises requires concrete steps and measures targeting the root causes of the problems, in addition to developing solutions for issues affecting financial and economic stability," emphasizing that "monetary measures alone are insufficient to address the accumulated economic problems."

Earlier, The Media Line network revealed in a report that the Iraqi government will begin issuing a new currency with zeros removed at the beginning of 2027. link

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Tishwash: Following a recommendation from the US Treasury, instructions have been issued to Iraqi refineries to build a database of relatives of officials.

Iraqi banks received instructions from the government today (Monday, August 31) to begin working on "building databases that cover Iraqi politicians and their relatives up to the third degree and submitting them to it."

According to information obtained by (Baghdad Today), the new database will be used to identify any "illegal profiteering and indicators of corruption operations, and may also include private security personnel and military personnel close to political and responsible figures."

The instructions received by the banks came in the wake of recommendations issued earlier by the Economic Mobilization Task Force of the US Federal Reserve to the Iraqi government to curb corruption and currency smuggling to Iran.

It is noted that the Central Bank informed Iraqi banks to prepare the complete databases by the 29th of this month. link

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

Tishwash: Sources told Al-Mustaqilla that the plan to remove zeros from the Iraqi currency is entering advanced stages, with a plan to replace the currency in early 2027.

Informed sources revealed to Al-Mustaqilla that the file of removing zeros from the Iraqi dinar and reissuing the currency has entered advanced stages of study and discussion within government departments, noting that a plan currently circulating aims to begin the process of replacing the old currency with a new currency starting from 2027, in the event that the required governmental, legislative and technical approvals are completed.

The sources said that the currency restructuring file is no longer limited to economic and technical discussions within the Central Bank of Iraq, but has become subject to study at the level of the Prime Minister’s office, within a plan related to the mechanism for moving from the current currency to a new monetary issuance after removing the zeros.

According to information obtained by Al-Mustaqila, the discussions are currently focused on developing a clear implementation plan for the replacement process, the transitional period during which the two currencies will be traded, the mechanisms for banks and government institutions to deal with the new currency, as well as the procedures related to bringing the largest possible amount of cash outside the banking sector into the formal financial system.

The sources confirmed that 2027 is among the current proposals as a possible start date for the process of replacing the old currency with the new one, but stressed that the date will not become officially effective before the completion of the governmental and legislative process and obtaining the required approvals.

The sources expected that the file would witness developments at the Cabinet level in the coming period, followed – if the project is approved – by moving to the required legislative path before reaching the implementation stage.

Mustafa Sand's statements bring the issue back to the forefront.

The new information coincides with previous statements by Iraqi Communications Minister Mustafa Sanad, who said during August that a decision regarding the removal of zeros and the change of currency had been decided at the political level, and linked the move to bringing out hoarded funds and returning them to the economic cycle and the banking system.

Sand said that the currency change process could encourage holders of large amounts of cash to reveal their money when exchanging old banknotes, allowing some of the liquidity outside banks to be brought back into the financial system, as well as dealing with money whose owners cannot prove its sources or bring it legally into the exchange process.

Sand’s statements had sparked widespread controversy, especially after the government said on August 17 that the Cabinet had not made a final decision at that time to remove the zeros, and that implementing such a step required a legislative process that went through the House of Representatives.

The Central Bank denies printing... but outlines the course of any future project

On August 26, 2026, the Central Bank of Iraq issued a statement explicitly denying reports that it had printed quantities of new Iraqi currency with zeros removed in preparation for its release into the markets.

However, the bank’s statement did not close the door to a future currency restructuring project, as it confirmed that any such project, if an official decision is made regarding it, will be subject to multiple legal, regulatory and technical stages, and that it will be officially announced and a transition period will be determined that allows citizens, banks and institutions to exchange the currency in an organized and safe manner.

This means that the official denial issued by the Central Bank so far relates to the existence of a new currency that has been printed and is ready for circulation, and not to the cancellation of the project idea or the exclusion of discussing it in the future.

Al-Mustaqilla has been following the case since its inception.

Al-Mustaqilla had published a series of reports in recent days on the issue of removing zeros and restructuring the currency, in which it quoted sources close to decision-making circles as saying that the matter was under serious study, despite the fact that no final government announcement had been issued yet.

Information obtained by “Al-Mustaqila” today confirms that the file is still in existence and under study within the relevant institutions, and that the discussions have moved to more advanced details regarding how to implement the replacement process and not just the idea in principle.

However, the sources confirmed at the same time that the project’s transition to the actual implementation phase will remain linked to the final decision of the Council of Ministers, the legislative procedures required by the file, and the position of the Central Bank, as it is the entity responsible for managing and issuing currency and monetary policy in Iraq.

Why does the government want to change the currency?

The proposed plans suggest that the project’s objectives are not limited to reducing the number of zeros and facilitating accounting and monetary operations, but could also include reorganizing the large amount of cash that exists outside the banking system.

Iraq is one of the economies that relies heavily on cash transactions, and a large percentage of the currency in circulation is outside of banks.

The latest data circulating on monetary indicators indicates that the volume of currency circulating outside the banking sector has reached more than 100 trillion dinars, which reflects the extent of the hoarding phenomenon and reliance on direct cash.

Currency replacement – if the government adopts clear control mechanisms – would encourage hoarders to deposit their money through banks or exchange centers within a specific time period, giving financial authorities greater ability to know the movement of money and the sources of some large cash blocks.

The process can also support anti-money laundering and anti-financing measures if it is accompanied by the application of clear rules regarding deposits, large sums, and sources of funds.

Replacement, not cancellation, of the value of citizens' money

From an economic standpoint, removing zeros does not mean that citizens' money will lose its value or that the dinar will automatically become more expensive.

If it is decided – for example – to remove three zeros, then renaming the monetary unit could make every thousand dinars of the old currency equivalent to one dinar of the new currency, in parallel with repricing salaries, prices, debts, contracts and balances at the same rate.

The main objective of the process is to simplify monetary categories, accounts and transactions, not to achieve an automatic increase in the purchasing power of the dinar.

Expected transitional phase

If the project is approved, the authorities will likely adopt a transitional phase during which the old and new currencies will circulate simultaneously before the old version is gradually withdrawn.

The central bank had already confirmed that any future decision of this kind would include a transition period to ensure that citizens, banks and institutions could exchange currency in an orderly manner while preserving all financial rights and obligations.

The process will require resetting banking systems, ATMs, accounting software, pricing, contracts and government records, as well as a broad awareness campaign to prevent the transition from being exploited for fraud or speculation.

The coming days could be decisive.

According to sources from “Al-Mustaqilla”, the next stage will be important in determining the final course of the project, while the governmental, legal and technical aspects of the currency replacement plan continue to be studied.

The sources confirmed that there is a trend to push the file towards completing the necessary procedures, with the picture to become clearer after the Cabinet's position and the legislative process are decided.

Accordingly, the information available so far indicates that the project to change the currency and remove zeros is moving within Iraqi institutions, and that 2027 is being considered as a possible start date for the replacement process according to the ideas being discussed. However, this has not yet turned into an official, announced, and binding date from the Central Bank or the Council of Ministers as of the date of this report.

The Iraqi public is waiting for any official announcement in the coming days that could move one of the most sensitive financial issues in the country from the stage of studies and discussions to the stage of decision and implementation link

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Tishwash: Protests in Basra, Kirkuk and Anbar: Financial and employment demands shake the energy sector

On Tuesday, three Iraqi provinces witnessed protests and sit-ins demanding action related to the energy sector, including rejecting the increase in crude oil prices supplied to refineries in Basra, objecting to the price per ampere for private generators in Anbar, as well as demands to reinstate 610 workers to their jobs at the Kirkuk refinery.

In Basra, demonstrations and sit-ins resumed inside the Shuaiba refinery, expressing categorical rejection of the government’s recent decision to increase the prices of crude oil supplied to investment and government refineries.

The protesters demanded that the concerned authorities immediately reverse this decision, warning of its negative repercussions on the refinery's operating costs, its direct impact on the stability of staff employment, and the decline in profits of companies affiliated with the oil sector, according to a Shafaq News Agency correspondent.

For their part, the owners of private generators in Anbar province organized a protest in front of the provincial council building, objecting to the low price per ampere compared to operating costs, stressing that the approved price does not correspond to the size of the expenses they bear.

Alaa Sadiq Khalaf, the owner of a private generator, told Shafaq News Agency during the protest that his generator operated for about 280 hours during the month of August, while generator owners, according to him, received 35 dinars per ampere, noting that the main problem is related to the price per hour of operation.

Khalaf added that a committee visited the generator owners and determined, according to their calculations, the cost of an hour of operation without taking into account a profit margin of about 42 dinars, while it is being calculated at prices ranging between 26, 33 and 37 dinars, considering that these prices do not correspond to the actual cost of operation.

He explained that generator owners bear additional burdens related to supplying fuel, workers and operating materials, indicating that some of these costs are paid from their own money, despite talk of providing some materials or services for free.

Khalaf stressed that generator owners "are also citizens" and bear significant financial burdens, calling for the adoption of a pricing system that takes into account the actual cost of operation and does not impose additional losses on generator owners under the guise of protecting citizens.

He pointed out that continuing to operate with the current pricing, from the perspective of generator owners, puts them in front of an increasing financial crisis, given the high operating costs and the lack of a sufficient profit margin.

In this context, the generator owners explained that the Prime Minister’s office statement regarding supplying generators with subsidized fuel and operating them for 20 hours a day pertains to the month of September, stressing that their protest today is related to the approved pricing for the month of August, and is not an objection to the directives for the month of September.

In Kirkuk, dozens of workers at the Kirkuk refinery staged a protest in front of the governorate building, demanding justice and a review of the decision to terminate their services.

One of the protesters, named Mohammed Abdullah Dali, told Shafaq News Agency that "dozens of workers employed at the Kirkuk refinery and affiliated with the North Refineries Company in Baiji organized a demonstration in front of the Kirkuk Governorate building to demand their rights and fair treatment."

He explained that "the number of workers whose employment was terminated is 610 people, and they are employees of the Kirkuk refinery, and they have provided years of service and work," indicating that "terminating their services caused them great harm and suffering, and we consider it an injustice and unfairness to us."

Dali added that "the protesters are demanding that the relevant government authorities reconsider their situation and work to reinstate them to their jobs or find a fair solution to address their issue," noting that "the main demand is to include them in the 2027 budget, which would guarantee the restoration of their rights and end their ongoing suffering."

He stressed that the protest was "peaceful, and aimed at conveying the voice of the workers to the local government and the relevant federal authorities, and urging them to intervene urgently to do them justice and listen to their demands."

The protesters demanded that the government, the Ministry of Oil, the North Refineries Company and other relevant authorities "open the file of the 610 workers, review their years of service and the circumstances of their termination, and develop a legal and administrative solution that guarantees their rights link

DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Iraq Economic News and Points To Ponder Tuesday Morning 9-1-26

Cabinet to vote on Iraq’s 2027 budget in September

2026-08-31 Shafaq News- Baghdad Iraq’s cabinet will vote on the draft 2027 federal budget in September, with the projected deficit capped at 3%, government spokesperson Haider Al-Aboudi announced on Monday.

At a press conference, Al-Aboudi said the Finance Ministry is finalizing the bill in line with the Federal Financial Management Law. The program-based budget will include electricity initiatives and development projects in Saladin and Al-Diwaniyah provinces, as well as provisions concerning contract employees.

Cabinet to vote on Iraq’s 2027 budget in September

The previous government, led by Mohammed Shia Al-Sudani, enacted a three-year budget covering 2023–2025, but the final-year spending plan was not implemented after parliament failed to approve amended expenditure schedules before the law expired. The Finance Ministry instead relied on the one-twelfth (1/12) mechanism to cover salaries and mandatory spending.

Iraq also entered 2026 without a budget amid delays in forming a new government, the economic fallout from the regional war, and volatile energy markets, prolonging reliance on temporary spending arrangements.

https://www.shafaq.com/en/Iraq/Cabinet-to-vote-on-Iraq-s-2027-budget-in-September

The Government May Begin Issuing A New Currency Early Next Year

A video.. news report https://hathalyoum.net/articles/4222841

translation of video: Sources' decisions will settle the matter in the near future.

While the currency exchange may continue.

Sources said that the government may begin issuing a new Iraqi currency in early 2027 after removing three zeros from the dinar.

Indicating that the proposal is still under discussion within the Council of Ministers.

The sources expected a decision to be made in the near future.

While the currency exchange and the issuance of new banknotes may continue throughout 2027.

And it indicated that the project to remove the zeros aims to remove the stolen and stored money outside the banking system.

Confirming that the Central Bank of Iraq has not yet received an official government decision regarding the removal of zeros

AI summary:

The video reports on a proposal discussed by the Iraqi government regarding the potential issuance of a new currency at the beginning of the next year (0:00-0:03). This initiative involves deleting three zeros from the current Iraqi dinar (0:08).

Key points mentioned in the report:

Status of the proposal: The plan is currently under discussion within the Council of Ministers (0:12-0:15).
Timeline: The decision is expected to be finalized soon, and if approved, the process of replacing the currency and issuing new banknotes could continue throughout 2027 (0:15-0:25).
Purpose: The project aims to bring money that is currently looted or stored outside the banking system back into circulation (0:30-0:36).
Central Bank involvement: As of now, the Central Bank of Iraq has not received an official government decision regarding the removal of the zeros (0:36-0:43).

After Their Numbers Dwindled By More Than A Million People, Catholic Weekly Reports That Al-Zaidi Wants To Bring Christians Back To Iraq And Is Placing Land And Investment At The Heart Of The Return Project

Baghdad - One News - 8/31/2026 The Australian Catholic Weekly highlighted a government initiative to return Christian families who had emigrated to Iraq, noting that Prime Minister Ali al-Zaidi had placed the return of Christians among the national and governmental priorities, offering incentives that included residential land and encouraging businessmen in exile to return and invest.

The newspaper reported that Al-Zaidi confirmed, during his meeting with the Chaldean Patriarch Paul III Nona in Baghdad, the government’s readiness to provide the necessary facilities and support for the return of Christian families who left the country during the past decades, and to ensure that returnees are included in the project to distribute one million residential plots of land.

According to the report, Al-Zaydi stressed that Christians represent an active component and an essential part of Iraqi society and a key partner in building the state and shaping Iraq’s history and future, considering that the country’s strength lies in its national, religious and cultural diversity, and in the unity of its people and their social cohesion.

The report noted that the Prime Minister also called on Christian businessmen living abroad to return and invest in Iraq, as part of an effort to enhance the contribution of Christians to economic and service life, particularly in the health and education sectors.

The newspaper quoted the Chaldean Archbishop of Erbil, Bishop Bashar Warda, as saying that the church welcomed this invitation, noting that al-Zaidi expressed his confidence in the role that Christians can play in the education and health care sectors, and affirmed his government’s readiness to provide them with the necessary facilities and support.

According to the report, Christian denominations in Iraq run 18 schools, including prominent educational institutions, in addition to a Catholic university in Erbil.

Catholic Weekly noted that the number of Christians in Iraq has decreased from about 1.5 million in 2000 to less than 300,000 currently, according to estimates by the Aid to the Church in Need organization, after successive waves of emigration that worsened after the events of 2003, and the targeting of Christians by extremist groups, especially after ISIS invaded Mosul and the Nineveh Plain in 2014.

In contrast to the government's approach, the report noted the continued concerns within the church about the emigration of Christian youth, quoting Patriarch Nona's warning that a segment of young people are losing hope in their future in the country and that many of them want to emigrate, in addition to a noticeable decline in the number of marriages, warning of the repercussions of this on the future of the Christian presence and the role of youth in building Iraq.

Nona also considered corruption to be "Iraq's greatest enemy," linking the protection of human rights to combating financial corruption and reducing the influence of money and political power in the decision-making process.

https://1news-iq.net/بعدما-تقلّص-عددهم-بأكثر-من-مليون-شخص

Finance Ministry: Intensifying Efforts To Finalize The 2027 General Budget Project

Finance Minister Faleh Sari directed on Monday that the necessary technical requirements for preparing the draft general budget for 2027 be completed, stressing the need to intensify efforts during the next stage.

The Ministry of Finance stated in a statement that "the Minister inspected the departments of the Budget Department, reviewed the progress of work in preparing the draft program and performance budget, and met with the work teams tasked with preparing the project and listened to a presentation on the stages of completion and the remaining technical requirements."

Sari stressed "the importance of integrating efforts and continuing to work at an intensive pace, along with strengthening coordination and communication with ministries and government institutions to organize and audit financial data and provide the information required to prepare the draft budget accurately and efficiently."

He pointed out that "the shift towards program and performance budgeting requires continuous cooperation and coordination among the concerned parties, in order to ensure that the allocation of resources is linked to programs, objectives and results, and to achieve the most efficient use of public funds."

https://alssaa.com/post/show/59977-المالية-تكثيف-العمل-لاستكمال-مشروع-الموازنة-العامة-لعام-2027

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

DINARRECAPS8 9/1/26 DINARRECAPS8 9/1/26

Seeds of Wisdom RV and Economics Updates Tuesday Morning 9-1-26

Good Morning Dinar Recaps,

Global Bond Rout Deepens: Oil Shock Forces Investors to Reprice Debt, Rates and Risk

Rising energy prices and renewed inflation concerns are pushing global bond yields higher, challenging governments, central banks and investors already facing elevated debt costs.

Good Morning Dinar Recaps,

Global Bond Rout Deepens: Oil Shock Forces Investors to Reprice Debt, Rates and Risk

Rising energy prices and renewed inflation concerns are pushing global bond yields higher, challenging governments, central banks and investors already facing elevated debt costs.

OVERVIEW

Global bonds: A broad selloff is pushing government borrowing costs higher as investors reassess inflation, fiscal conditions and interest-rate expectations.
Japan: Japan’s 10-year government bond yield reached 3% for the first time since 1996, signaling a major shift in one of the world's most important low-yield markets.
Oil and inflation: Renewed Middle East tensions are pushing energy prices higher, creating additional inflation pressure just as investors prepare for potentially tighter monetary policy.

KEY DEVELOPMENTS

1. Global Bond Rout Intensifies

Bond markets across the United States, Japan, Germany and the United Kingdom are experiencing renewed selling pressure.

The move reflects growing concern that higher inflation, rising government borrowing and elevated energy prices could keep interest rates higher for longer.

2. Japan's 10-Year Yield Reaches a Historic Milestone

Japan's benchmark 10-year government bond yield reached 3%, its highest level since September 1996.

Japan has historically been an important source of relatively inexpensive global capital. Higher domestic yields could therefore influence Japanese investment flows into foreign bonds and other assets, adding another dimension to the global repricing.

3. Oil Shock Adds to Inflation Pressure

Renewed Middle East conflict has pushed energy prices higher, increasing concerns that inflation could remain elevated.

That creates a difficult environment for central banks: higher oil prices can discourage rate cuts or increase pressure for tighter policy, even when economic growth is facing uncertainty.

4. Government Debt Is Becoming More Expensive

Higher bond yields translate into higher borrowing costs for governments.

With U.S. federal debt already exceeding $40 trillion, a prolonged period of elevated long-term yields could increase interest expenses and reduce fiscal flexibility. Japan, the UK and other heavily indebted economies face similar pressures.

5. A New Global Capital Regime May Be Emerging

The significance of today's bond move extends beyond individual countries.

If investors become less willing to accept historically low yields, governments may have to compete more aggressively for capital. At the same time, changing Japanese yields could influence cross-border capital flows, potentially affecting currencies, equities and bond markets worldwide.

WHY IT MATTERS

The global bond market is effectively repricing the cost of money and the cost of government borrowing.

For years, investors operated in an environment where major central banks helped keep borrowing costs relatively low. Today's moves suggest that inflation, fiscal deficits and geopolitical energy risks are increasingly challenging that framework.

The danger is not necessarily an immediate financial crisis. The larger concern is whether higher yields become structural rather than temporary, forcing governments and markets to adapt to a permanently higher cost of capital.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Currency value: Changing interest-rate expectations can redirect capital toward currencies offering higher relative returns.
Purchasing power: Higher energy prices can raise transportation, production and household costs, putting additional pressure on purchasing power.
Capital flows: Higher Japanese yields could encourage some investors to shift capital back toward domestic Japanese assets rather than seeking returns overseas.
Exchange rates: Diverging monetary policies and changing bond yields can create significant movements in major currency pairs.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Debt

The global bond selloff highlights a fundamental issue for the financial system: the cost of servicing government debt is rising.

If yields remain elevated, governments may have less fiscal flexibility and face increasing pressure to manage deficits, refinancing requirements and interest expenses.

Pillar 2: Assets

Higher bond yields can change valuations across the financial system because the risk-free rate influences the pricing of stocks, real estate, corporate debt and other assets.

A sustained repricing of government bonds can therefore become a broader repricing of global assets and investment strategies.

Pillar 3: Energy

The oil shock demonstrates how energy security and financial stability are increasingly connected.

A prolonged disruption in global energy supplies can raise inflation, influence central-bank policy and ultimately affect bond yields, currencies and asset valuations.

CONCLUSION

Today's bond-market selloff is becoming more than a temporary market reaction. Higher energy prices, rising yields, fiscal pressure and changing monetary expectations are reinforcing one another.

Japan's move to a 3% 10-year yield is particularly significant because it signals that even one of the world's historically lowest-yield markets is entering a different financial environment.

The central question for investors is whether today's repricing fades as geopolitical tensions ease or becomes part of a longer-term adjustment in the global cost of capital.

The global financial system is being tested not by one market, but by the simultaneous repricing of energy, money and debt.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

~~~~~~~~~~

🌱 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

Dinar Recaps 20 9/1/26 Dinar Recaps 20 9/1/26

MilitiaMan & Crew: What's Happening Now: Militia Man's Take on Current Events

MilitiaMan & Crew: What's Happening Now: Militia Man's Take on Current Events

8-31-2026

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: What's Happening Now: Militia Man's Take on Current Events

8-31-2026

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

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

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

https://www.youtube.com/watch?v=LXRhKn0FtU8

DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Iraq Economic News and Points To Ponder Monday Evening 8-31-26

When Will The Removal Of Zeros Begin? A Member Of Parliament Sets A Date For The Project's Implementation.

Information/Baghdad... MP Murtadha Afween confirmed on Monday that the project to remove zeros from the Iraqi currency has not yet moved to the implementation phase, indicating that the project does not represent a direct solution to the crises plaguing the Iraqi economy.

Afween told the Information Agency that “the issue of removing zeros from the currency has not yet reached the implementation phase,” explaining that “the project has not contributed to addressing the crises facing the Iraqi economy.”

When Will The Removal Of Zeros Begin? A Member Of Parliament Sets A Date For The Project's Implementation.

Earlier, The Media Line network revealed in a report that the Iraqi government will begin issuing a new currency with zeros removed at the beginning of 2027. End/25z

https://almaalomah-me.translate.goog/news/142803/economy/متى-يبدأ-حذف-الأصفار-نائب-يحسم-موعد-دخول-المشروع-حيز-التنفيذ?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Sources Told Al-Mustaqilla That The Plan To Remove Zeros From The Iraqi Currency Is Entering Advanced Stages, With A Plan To Replace The Currency In Early 2027.

Last updated: August 31, 2026 Al-Mustaqilla/- Baghdad/ Informed sources revealed to Al-Mustaqilla that the file of removing zeros from the Iraqi dinar and reissuing the currency has entered advanced stages of study and discussion within government departments, noting that a plan currently circulating aims to begin the process of replacing the old currency with a new currency starting from 2027, in the event that the required governmental, legislative and technical approvals are completed.

Mustafa Sand's statements bring the issue back to the forefront.

The Central Bank denies printing... but outlines the course of any future project

Al-Mustaqilla has been following the case since its inception.

Why does the government want to change the currency?

Iraq is one of the economies that relies heavily on cash transactions, and a large percentage of the currency in circulation is outside of banks.

The process can also support anti-money laundering and anti-financing measures if it is accompanied by the application of clear rules regarding deposits, large sums, and sources of funds.

Replacement, not cancellation, of the value of citizens' money

From an economic standpoint, removing zeros does not mean that citizens' money will lose its value or that the dinar will automatically become more expensive.

The main objective of the process is to simplify monetary categories, accounts and transactions, not to achieve an automatic increase in the purchasing power of the dinar.

Expected transitional phase

If the project is approved, the authorities will likely adopt a transitional phase during which the old and new currencies will circulate simultaneously before the old version is gradually withdrawn.

The coming days could be decisive.

https://mustaqila.com/مصادر-لـالمستقلة-ملف-حذف-الأصفار-يد/

DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Breaking Down $15 billion Spent on California's Train to Nowhere

Breaking Down $15 billion Spent on California's Train to Nowhere

Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 28, 2026

In November 2008, California voters approved a ballot measure to build a bullet train from San Francisco to Los Angeles. It was supposed to be fast enough to make the journey in under three hours. And passengers could hop on by 2020, for a total cost of $33 billion.

Eighteen years later, there is nothing to ride.

Breaking Down $15 billion Spent on California's Train to Nowhere

Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 28, 2026

Eighteen years later, there is nothing to ride.

Emblematic of the progress so far is a field outside Fresno, where lonely viaducts poke into the sky with no rail connecting them. The locals call it their own Stonehenge.

And the state’s 2026 revised business plan now says it will cost $126 billion to complete... by 2040. Eighteen years into a 12-year project, they’re now saying they need another $93 billion and 14 more years.

Why is the price nearly four times higher than the original estimate?

Well, let’s try to answer that by tracking where the $15 billion already spent has gone.

The California High-Speed Rail Authority's own business plan shows that about $9.1 billion went to three construction contracts covering 119 miles of the project. Those contracts are for the civil work only, meaning dirt, pipes, power lines, and concrete.

For that, California got about 80 miles of finished roadbed, i.e. the raised, graded earth that the track will eventually sit on, plus various bridges and overpasses.

In case you’re not keeping score, that works out to $77 million per mile... but that doesn’t include the actual train tracks.

No, California plans on building the rail, the electric wire, and the signals with an additional $3.5 billion contract— which was just awarded in June (i.e. 18 years in to a 14-year project).

And $3.5 billion of rail only encompasses a very small portion of the total distance they need to build.

For a rough comparison, Brightline— a private company in Florida— finished a Miami to Orlando line in 2023, with 235 miles of track, stations, and trains, for about $6 billion, or $25 million a mile.

So California’s is three times what Florida’s cost WITHOUT including the cost of the rail, the trains, and the stations.

Extraordinary. Where did all this money go?

They claim that $1.57 billion went to buying property— the narrow strip of land under the 119 miles (i.e. less than a third of the project).

But if you look at real estate prices in the area (Central Valley farmland went for about $12,000 an acre when the buying started), the actual land value was worth maybe $35 million at the time.

In other words, the state OVERPAID what the land was worth by 30x. I’m sure absolutely zero politicians or their families profited from that overpayment.

The next $3.6 billion went to studies, i.e. environmental reviews, and something the state calls “program-wide support”. That's the second-biggest item on the bill.

The Authority started in 2008 with ten employees and hired a consulting firm to run the project. By 2018 the state had grown its own staff to about 190, with the consulting firm employing 485 people on the job.

This outside firm is generating hundreds of millions of dollars per year to do nothing.

When the state auditor went looking for what all those people had produced, 145 of the 184 deliverables were missing.

Not deliverables like rails and bridges. We’re talking about reports. The consultants couldn’t even manage that.

Governor Gavin Newsom's reaction was to promise a purge. Yet the same firm still runs the project. And every slip in the schedule means the firm gets paid more. In fact this year's plan added another $145 million for consultants.

In July the project's own Inspector General wrote that the Authority "has obscured basic facts about the project" and made oversight harder for the legislature.

For example, in January, the Authority agreed to pay one of its contractors $537 million to settle nearly 600 claims for extra costs.

What claims? Were the claims real? Nobody knows, because nobody has audited it. The Inspector General, whose job that is, says his office is half-staffed. Maybe he should hire an outside consulting firm.

How could anyone look at all this and not see the same kind of fraud the Somalis are running in Minneapolis?

You take tax dollars and funnel them through layers of government employees, consultants, contractors, and unions, all of them tied to the political establishment. In return, those people spend a slice of their ill-gotten gains keeping the politicians who make it possible in office.

California's version may be ‘legal’ graft. But that hardly makes it different. It might be worse, since at least in Minneapolis the people on the take can be prosecuted.

Who's to say the contractor didn't earn an extra $537 million? Who's to say the consultants' reports weren't worth every dollar of the $3.6 billion?

And when someone tries to get to the bottom of it, they make asking questions illegal.

Nick Shirley, the YouTuber whose video of empty tax-funded Minneapolis day cares went viral last Christmas, walked into a Los Angeles immigrant-services nonprofit this summer and asked where the $80 million in government money it has taken over the last four years went.

But they were ready to silence him, because two months after the Minneapolis video, that same nonprofit had co-sponsored a bill letting its staff sue anyone who posts videos of them online. Newsom signed it into law on Saturday.

Starting in October 2027, anyone who works at, volunteers at, or gets help from an immigration nonprofit can sue whoever posts their picture online, for at least $4,000 plus attorney's fees.

And these are the same people who mock anyone who suggests an election might not be secure.

Why wouldn't you trust them to count the mail-in ballots at 3 a.m.?

Nobody should bet a family's future on these people getting better. The tax-funded gravy train isn't slowing down if they have anything to do with it.

And that's exactly why it makes sense to have a Plan B.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

PS: Schiff Sovereign Premium is our guide to building that Plan B: legally cutting your tax bill, gold and precious metals strategies, research on undervalued real asset businesses, and diversification moves that keep your money and your freedom of movement out of any one government's reach.

Breaking Down $15 billion Spent on California’s Train to Nowhere | Schiff Sovereign

DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Iraq Economic News and Points To Ponder Monday Afternoon 8-31-26

Iraq’s Domestic Debt Climbs To $81bn In June

2026-08-31 Shafaq News- Baghdad Iraq’s domestic public debt rose to 106.072 trillion IQD (about $81 billion) at the end of June 2026, up 2.893 trillion IQD (about $2.21 billion), or 2.8%, from May, according to Central Bank of Iraq (CBI) data.

The debt has increased by 15.557 trillion IQD (about $11.9 billion), or about 17.2%, since the end of 2025, when it stood at 90.515 trillion IQD (about $69.1 billion).

Iraq’s Domestic Debt Climbs To $81bn In June

The debt has increased by 15.557 trillion IQD (about $11.9 billion), or about 17.2%, since the end of 2025, when it stood at 90.515 trillion IQD (about $69.1 billion).

Finance Ministry liabilities to the CBI accounted for the largest share, rising to 67.499 trillion IQD (about $51.5 billion) in June from 63.199 trillion IQD (about $48.2 billion) in May.

Treasury bills stood at 8.742 trillion IQD (about $6.67 billion), loans at 18.964 trillion IQD (about $14.5 billion) and bonds at 10.867 trillion IQD (about $8.30 billion).

The increase comes as government spending continues to outpace revenue. Public expenditure reached 46.697 trillion IQD (about $35.6 billion) through May, compared with revenue of 33.747 trillion IQD (about $25.8 billion), leaving a gap of about 12.95 trillion IQD ($9.9 billion).

https://www.shafaq.com/en/Economy/Iraq-s-domestic-debt-climbs-to-81bn-in-June

Dollar Gains Traction As Fed Outlook Strengthens

2026-08-31 Shafaq News The dollar held steady near a two-week high on Monday as markets ramped up bets on a rate hike after hawkish remarks by Federal Reserve Chair Kevin Warsh, while the yen slipped back through the closely watched ‌160-per-dollar level.

The U.S. central bank will "have work to do" if policymakers don't get the confidence they need that inflation is heading down to 2%, Federal Reserve Chairman Kevin Warsh said on Friday, in his clearest indication yet that further tightening may be needed to curb price pressure.

The comments fuelled bets on a September rate hike. Markets raised the implied probability of a move next month to 57%, while yields on interest-rate-sensitive two-year U.S. Treasury notes rose to a more than one-month high of 4.33%.

"Warsh's defense of the inflation target has reduced ⁠a major drag on the U.S. dollar and shifted the focus back to economic fundamentals," said OCBC's FX strategist Sim Moh Siong, adding that it helped rebuild the Fed's credibility and eased concerns about currency debasement.

Investors are now turning their focus to incoming U.S. data, particularly Friday's nonfarm payrolls report and next week's consumer inflation figures, both of which could shape expectations ahead of the September Fed meeting.

The euro edged up 0.1% to $1.1591, while sterling was little changed at $1.3539. Both currencies remained on track for their second monthly gains.

The dollar index , which measures the U.S. currency against six major peers, ticked down slightly to 99.6 after jumping 0.6% on Friday to its strongest level since August 17.

Even so, the index was still on track for a second consecutive monthly decline, as U.S. Treasury bond-buyback plans earlier in the month revived debasement trades.

Dollar demand was also supported by higher oil ‌prices on ⁠Monday. Brent oil rose nearly 2% after U.S. forces struck Iran's Larak Island on Sunday, a U.S. official said, which marks the first known American strikes on Iran since late July.

YEN WEAKNESS, G20 MEETING IN FOCUS

Focus will turn to a U.S.-hosted meeting of G20 finance ministers and central bank governors on Monday and Tuesday. Markets will watch for signs of coordinated efforts to sever ties with Iran, as well as measures aimed at easing concerns over rising U.S. debt and bond ⁠yields.

A persistently weak yen is also in focus, with the dollar's renewed strength adding to pressure on the Japanese currency after it surrendered much of the gains made following July's intervention.

The yen was slightly weaker at 160.01 per dollar, after sliding beyond the 160-per-dollar level on Friday, a level widely viewed as increasing the risk of ⁠official intervention and putting the spotlight back on whether Tokyo and Washington may step in again to support the currency.

U.S. Treasury Secretary Scott Bessent said on Sunday that recent yen moves had been "pretty well contained" and that he expected Bank of Japan Governor Kazuo Ueda to "do the right ⁠thing" on monetary policy.

"Historically, interventions have only held when fundamentals moved in the same direction," said Carlos Casanova, UBP's senior economist for Asia.

"The yen remains under pressure from a still-wide rate gap, negative real rates, and the Bank of Japan's cautious pace."

Elsewhere, the New Zealand dollar was little changed at $0.5916, and the Australian dollar edged up 0.1% to $0.7163. (REUTERS)

https://www.shafaq.com/en/Economy/Dollar-gains-traction-as-Fed-outlook-strengthens

Gold Prices Fall In Baghdad, Erbil

2026-08-31 Shafaq News- Baghdad/ Erbil On Monday, gold prices declined 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 965,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 961,000 IQD. The same gold had sold for 970,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 935,000 IQD, with a buying price of 931,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 965,000 and 975,000 IQD, while Iraqi gold sold for between 935,000 and 945,000 IQD.

In Erbil, 22-carat gold was sold at 998,000 IQD per mithqal, 21-carat gold at 953,000 IQD, and 18-carat gold at 817,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-Erbil-9

USD/IQD Exchange Rates Stabilize Around 154,000 IQD In Baghdad, Erbil

2026-08-31 Shafaq News- Baghdad/ Erbil On Monday, the US dollar held steady against the Iraqi dinar for a second consecutive day, hovering around 154,000 IQD per $100 in Baghdad and Erbil markets.

According to a Shafaq News market survey, the dollar traded at 154,000 IQD per $100 at Baghdad’s Al-Kifah and Al-Harithiya central exchanges, unchanged from Sunday.

At exchange shops in Baghdad, the selling rate stood at 154,500 IQD per $100, while the buying rate was 153,500 IQD.

In Erbil, the dollar sold at 153,950 IQD per $100 and was bought at 153,850 IQD.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-stabilize-around-154-000-IQD-in-Baghdad-Erbil

Basra Movement: Kuwait Gas Project Could Affect Maritime Claims

2026-08-31 Shafaq News- Basra Kuwait’s reported $3.3 billion gas-processing project near the Al-Zour refinery could advance development of Tuwaynah gas field before regional maritime claims are resolved, Basra’s Popular Movement against the Khor Abdullah Agreement said on Monday.

At a press conference, Movement members pointed to a Kuwaiti tender for a facility capable of processing about 632 million cubic feet of gas per day, warning that development could create an economic reality around the field while legal and geopolitical disputes remain unsettled.

The Movement urged Baghdad to safeguard Iraq’s maritime claims and natural resources through diplomatic and legal channels, criticizing “a fragmented response to disputes with neighboring states.” It also sought clarification from the Oil and Foreign ministries on projects that could overlap with areas claimed by Iraq.

It proposed forming a national team of diplomatic, maritime, legal, and technical experts to examine boundaries and resources, document Iraq’s claims, and engage international bodies where necessary, while avoiding “uncalculated escalation.”

The concerns also extend to Baghdad’s submission of maritime coordinates and a map to the United Nations, which drew objections from Gulf states. Iraqi authorities maintain that the filing is grounded in domestic legislation, international law, and the 1982 UN Convention on the Law of the Sea.

Khor Abdullah and Tuwaynah Disputes

Iraq and Kuwait signed the Khor Abdullah agreement in 2012 to regulate navigation and security in the shared waterway, Iraq’s only maritime access to the Gulf and a route linking key ports including Umm Qasr and Grand Al-Faw, with international shipping lanes.

Based on United Nations Security Council Resolution 833 (1993), which defined post-Gulf War borders, the agreement remains controversial in Iraq, particularly after the Federal Supreme Court ruled in 2023 that its ratification was unconstitutional, reigniting debate over sovereignty, economic interests, and maritime rights.

The offshore Dorra gas field, known in Iraq as Tuwaynah, is subject to competing regional claims. Kuwait and Saudi Arabia agreed in 2022 to jointly develop it, while Iran claims rights to part of the field. Iraqi lawmakers have also questioned the country’s maritime boundaries and potential rights in the area.

https://www.shafaq.com/en/Iraq/Basra-movement-Kuwait-gas-project-could-affect-maritime-claims

DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Seeds of Wisdom RV and Economics Updates Monday Afternoon 8-31-26

‍ Good Afternoon Dinar Recaps,

Oil Shock Meets Bond-Market Stress: Iran Escalation Forces a Repricing of Debt, Inflation and Fed Policy

Renewed U.S.–Iran military action is pushing oil higher, lifting bond yields and forcing markets to reassess inflation, interest rates and the cost of government debt.

‍ Good Afternoon Dinar Recaps,

Oil Shock Meets Bond-Market Stress: Iran Escalation Forces a Repricing of Debt, Inflation and Fed Policy

Renewed U.S.–Iran military action is pushing oil higher, lifting bond yields and forcing markets to reassess inflation, interest rates and the cost of government debt.

OVERVIEW

Oil: Renewed U.S.–Iran fighting has pushed Brent crude above $90 a barrel, reviving concerns about energy supplies and the inflationary consequences of prolonged disruption.
Bonds: The energy shock is spreading into global bond markets, with the U.S. 10-year Treasury yield reaching 4.764% while Japanese and European yields also move higher.
Federal Reserve: Markets are increasingly pricing a September rate hike, showing how quickly a geopolitical shock can change expectations for monetary policy and borrowing costs.

KEY DEVELOPMENTS

1. Iran Escalation Reignites the Energy Shock

Renewed military exchanges between the United States and Iran have pushed oil prices higher as investors reassess the risk of further disruption around the Strait of Hormuz.

Brent crude rose to approximately $90.34 a barrel, while U.S. crude reached about $85.51, adding a new inflation concern just as markets enter September.

2. Oil Is Feeding Directly Into the Bond Market

Higher energy prices can increase inflation expectations, making it more difficult for central banks to reduce interest rates.

The U.S. 10-year Treasury yield climbed to 4.764%, its highest level since January 2025. Japanese and European government bond yields also moved higher, demonstrating that the repricing is becoming a global bond-market story.

3. Fed Rate-Hike Expectations Are Rising

Following Federal Reserve Chair Kevin Warsh's recent hawkish comments, markets are now pricing approximately a 64% probability of a September rate increase, compared with roughly 35% before his Jackson Hole remarks.

The combination of higher oil prices and persistent inflation pressure could make it more difficult for the Federal Reserve to pursue easier monetary policy.

4. Higher Yields Increase the Cost of Debt

Rising Treasury yields matter beyond financial markets because they influence the cost of borrowing throughout the economy.

For governments carrying large debt loads, persistently higher yields mean higher interest expenses and less fiscal flexibility. Businesses and consumers can also face higher financing costs as market rates adjust.

5. The Repricing Is Spreading Across Assets

Stocks declined as investors reacted to the combination of higher oil, higher yields and greater rate uncertainty.

The significance is not simply that markets are falling. It is that investors are reassessing the relative value of bonds, equities, currencies and commodities as the cost of money changes.

WHY IT MATTERS

The immediate issue is the connection between geopolitics and financial conditions.

A disruption in a major energy corridor can raise oil prices. Higher oil can increase inflation. Persistent inflation can delay rate cuts or encourage higher rates. Higher rates then increase borrowing costs and pressure asset valuations.

That creates a chain reaction extending from the Strait of Hormuz to the Federal Reserve and the Treasury market.

For governments already carrying substantial debt, this matters even more. A sustained period of higher yields could make debt servicing increasingly expensive and force difficult fiscal choices.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Currency values: Changing interest-rate expectations can rapidly alter demand for major currencies as investors move capital toward markets offering higher returns.
Purchasing power: Higher energy prices can increase transportation, food and production costs, putting pressure on the purchasing power of currencies.
Capital flows: Rising U.S. yields can attract capital toward dollar-denominated assets, while changing monetary policies in Japan and Europe can produce additional exchange-rate volatility.
Exchange rates: If the Federal Reserve remains more restrictive while other central banks pursue different paths, interest-rate differentials could become an important driver of currency movements.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Debt

The renewed energy shock highlights how quickly geopolitical events can affect the cost of sovereign borrowing.

If higher inflation and higher yields persist, governments may face increasing interest expenses and reduced room for additional borrowing. The issue is not an immediate collapse of the debt system, but whether markets are beginning to demand a higher long-term price for carrying government debt.

Pillar 2: Energy

The Strait of Hormuz remains a critical connection between geopolitical stability and global financial stability.

When energy transportation becomes uncertain, the consequences move beyond oil markets into inflation, monetary policy, currencies and government debt. Energy security is therefore becoming an increasingly important component of the global financial architecture.

CONCLUSION

Today's Iran escalation demonstrates how quickly a geopolitical event can move through the financial system.

The transmission mechanism is clear: higher energy prices can produce higher inflation expectations, which can produce higher interest rates, which can increase the cost of debt and pressure financial assets.

For the global economy, the important question is no longer simply where oil prices settle. It is whether the current shock becomes temporary or contributes to a longer-lasting repricing of money and sovereign debt.

The financial system is being forced to reassess the cost of energy, the cost of money and the cost of debt—all at the same time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Iraq Economic News and Points To Ponder Monday Morning 8-31-26

The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting.

August 30, 2026Last 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.

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/

The American Media Line News Network: An Official In The Prime Minister's Office Expects A Decision To Remove Zeros From The Dinar

1 News - وان نيوز @onenewsiq Translated from Arabic

The American Media Line news network: An official in the Prime Minister's office expects a decision to remove zeros from the dinar to be finalized in the near upcoming period. #وان_نيوز #المنصة_الإخبارية_الأولى_في_العراق

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8:50 PM · Aug 30, 2026 158 Views

https://x.com/onenewsiq/status/2094241260190195719

DINARRECAPS8 8/31/26 DINARRECAPS8 8/31/26

Seeds of Wisdom RV and Economics Updates Monday Morning 8-31-26

Good Morning Dinar Recaps,

Global Bond Markets Flash Warning Signals: Oil Shock Forces Investors to Reprice Debt and Rates

Rising energy prices and renewed rate-hike expectations are pushing global borrowing costs higher, exposing growing pressure across sovereign debt markets.

Good Morning Dinar Recaps,

Global Bond Markets Flash Warning Signals: Oil Shock Forces Investors to Reprice Debt and Rates

Rising energy prices and renewed rate-hike expectations are pushing global borrowing costs higher, exposing growing pressure across sovereign debt markets.

OVERVIEW

Global bond markets are coming under renewed pressure as a 3% rise in oil prices adds to inflation concerns and pushes borrowing costs higher across major economies.
Markets are increasingly pricing in additional central-bank tightening, with expectations for a September Federal Reserve rate hike rising to roughly 60%, while European and Japanese bond yields are also climbing.
The broader significance extends beyond interest rates: higher yields increase the cost of servicing government debt and can force investors to reassess the value of stocks, bonds, currencies and other major assets.

KEY DEVELOPMENTS

1. Oil Shock Reignites Inflation Concerns

Renewed U.S.–Iran military tensions have pushed Brent crude back above $90 a barrel, adding another layer of inflation pressure to an already fragile global economic environment.

The concern for markets is not simply the price of oil today, but whether disruptions around the Strait of Hormuz persist long enough to keep energy costs elevated.

2. Global Bond Yields Are Moving Higher

The pressure is spreading across sovereign debt markets. Japan's 2-year government bond yield reached its highest level since 1995, while longer-term yields in the eurozone have reached levels not seen in more than 15 years.

U.S. Treasuries are also under pressure. The 30-year Treasury yield remains around 5.20%, while the 2-year yield is around 4.34%, reflecting growing concern that inflation could keep monetary policy tighter for longer.

3. Fed Rate-Hike Expectations Are Rising

Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole remarks have changed market expectations. The probability of a September rate increase has risen to approximately 60%, compared with less than 50% the previous week.

That shift matters because higher U.S. rates can increase borrowing costs throughout the economy while also influencing global capital flows, currencies and asset valuations.

4. Japan and Europe Face Their Own Bond-Market Pressure

The repricing is not confined to the United States. European yields have climbed sharply, with German and French short-term borrowing costs reaching their highest levels since 2024.

Japan is facing an additional challenge from a weakening yen and rising inflation. Markets are increasingly anticipating that the Bank of Japan may raise rates in September, adding another potential source of global financial tightening.

5. Investors Are Reassessing the Cost of Capital

The combination of higher oil prices, persistent inflation and rising government borrowing costs is forcing investors to reconsider the price of money across global markets.

This creates a potentially important feedback loop: higher yields increase government financing costs, elevated energy prices reinforce inflation, and persistent inflation limits the ability of central banks to reduce interest rates.

WHY IT MATTERS

The bond market is one of the foundations of the global financial system. Government bond yields influence mortgage rates, corporate borrowing, investment decisions and the cost of financing government deficits.

The current warning is that markets may be moving toward a period in which higher borrowing costs become structural rather than temporary.

For governments carrying historically large debt burdens, even relatively small increases in interest rates can have significant long-term consequences.

For investors, the combination of elevated bond yields and geopolitical energy risk means that the cost of capital is becoming an increasingly important market variable.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Currency values: Changes in U.S., Japanese and European interest-rate expectations can redirect international capital flows and influence exchange rates.
Purchasing power: Higher energy prices can raise transportation, food and production costs, placing additional pressure on purchasing power.
Capital flows: Higher yields can attract capital toward certain currencies and away from others, creating greater exchange-rate volatility.
Global demand for dollars: Higher U.S. yields can support demand for dollar-denominated assets, although persistent fiscal and inflation concerns can complicate that relationship.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Debt

The most direct structural implication is the rising cost of government debt. When sovereign yields remain elevated, governments must devote more resources to interest payments, potentially limiting fiscal flexibility and increasing pressure to reconsider spending, taxation and debt issuance.

The significance extends beyond the United States. Rising yields in Japan and Europe indicate that the repricing of sovereign debt is becoming increasingly global.

Pillar 2: Assets

Higher interest rates change the relative attractiveness of virtually every major asset class. Bonds must compete with higher yields, while stocks, cryptocurrencies, commodities and currencies are repriced according to changing expectations for growth, inflation and monetary policy.

This means the bond market can become the transmission mechanism through which higher energy costs and tighter monetary policy spread into the broader financial system.

Pillar 3: Energy

The renewed rise in oil prices demonstrates how closely the financial system remains tied to global energy security. Continued disruption around the Strait of Hormuz could keep inflation elevated and make it more difficult for central banks to ease monetary policy.

Energy therefore remains a critical variable connecting geopolitics, inflation, interest rates and global capital markets.

CONCLUSION

Global bond markets are sending a warning that investors are reassessing the cost of money, the cost of energy and the cost of government debt.

The combination of oil above $90, rising sovereign yields and increasing expectations for central-bank tightening is creating a more difficult environment for heavily indebted governments and risk-sensitive assets.

The important question is no longer simply whether inflation will fall, but whether governments and markets can absorb higher borrowing costs while debt levels remain historically elevated.

The repricing of global debt may prove to be one of the most important structural forces shaping the financial system through the remainder of 2026.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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🌱 A Message to Our Currency Holders🌱

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Dinar Recaps 20 8/31/26 Dinar Recaps 20 8/31/26

Monday AM Iraq News Posted by Tishwash at TNT 8-31-2026

TNT:

Tishwash: Companies at the Erbil Exhibition: The Iraqi market is promising for attracting new investments.

Local and foreign companies participating in the Erbil International Construction and Infrastructure Exhibition, currently being held in Erbil, are looking for opportunities for new partnerships and investments in the Iraqi market, with a focus on modern construction technologies, sustainable energy and infrastructure solutions.

Abdul Malik Qasim, the director of one of the Iraqi companies, told Shafaq News Agency that "participation this year goes beyond just displaying products; it is a real opportunity to conclude strategic contracts," noting that the Iraqi market is witnessing a boom in infrastructure projects, and that the presence of local companies reflects the ability of the Iraqi private sector to compete with and integrate with foreign partnerships.

TNT:

Tishwash: Companies at the Erbil Exhibition: The Iraqi market is promising for attracting new investments.

For his part, Saif Awad, a representative of one of the participating companies, said that companies no longer view Iraq “as just a consumer market for materials, but as a promising investment environment that is growing rapidly,” explaining that the participation aims to localize modern technologies and transfer engineering expertise to local personnel, given the opportunities available in the Iraqi governorates.

Sarah Mohammed, an infrastructure sector advisor, told Shafaq News Agency that what distinguishes this year's exhibition is the focus on sustainable building solutions and energy-saving technologies, noting that meetings between businessmen and investors showed "a serious desire to turn memoranda of understanding into real projects on the ground that serve comprehensive development plans."

The exhibition , which began last Thursday, includes more than 450 companies representing 20 Arab and foreign countries.

Its activities began in Erbil this week, and its four days are expected to witness bilateral (B2B) meetings and the signing of investment and trade contracts and understandings between foreign companies and local investors. link

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

Tishwash: Money exchange companies under the microscope of the Central Bank of Iraq: strict oversight and anticipated updates.

The relationship between the Central Bank of Iraq and exchange companies and offices is heading towards a more stringent stage in monitoring the movement of funds and transfers, in conjunction with official moves to reorganize the sector and raise compliance and governance requirements, according to a source close to the exchange market and official data reviewed by Al-Mustaqilla.

The source, who preferred not to reveal his name, told Al-Mustaqilla’s correspondent that exchange companies and offices are currently subject to stricter monitoring, and that the coming period may witness updates in the mechanisms for linking and exchanging information with the Central Bank, allowing for more accurate monitoring of operations and transfers, especially foreign transactions.

The Central Bank has not yet announced details about a new electronic system to link exchange companies or when it will be implemented, and Al-Mustaqilla was unable to independently verify the nature of the updates referred to by the source.

But the bank's actions over the past three months support a clear trend towards tighter oversight of the sector.

On June 10, the Central Bank asked exchange companies of categories (A and B) and companies that mediate the buying and selling of foreign currencies to provide it with data relating to their bank accounts, and said that the measure comes “for regulatory and supervisory purposes.”

On July 6, the bank withdrew the licenses of Al-Rawajeb, Saba and Al-Nitaq companies to mediate the buying and selling of foreign currencies, attributing the decision to violations of sector regulation controls.

Two weeks later, Central Bank Governor Nizar Nasser Hussein held a meeting with the directors and chairmen of exchange companies, and said that the next phase would witness new initiatives and activities to expand their businesses, in parallel with raising compliance and governance levels in accordance with international standards.

These measures coincided with broader commitments made by Iraq under a joint action plan with the Financial Action Task Force (FATF) to strengthen the fight against money laundering and terrorist financing. In August, the bank issued a new circular on behavioral indicators for transactions suspected of being linked to money laundering or terrorist financing, following a training program in which banking and non-banking financial institutions participated.

Exchange companies are already subject to special anti-money laundering and counter-terrorism financing regulations issued by the Central Bank in 2024, as part of its supervision of non-bank financial institutions.

These steps indicate that the next phase may not be limited to regulating currency sales, but may extend to increasing oversight of the sources of funds, transfer routes, and beneficiaries.

The extent of the expected change remains linked to the instructions that will be issued by the Central Bank, particularly whether it will adopt a more centralized system to link exchange companies and monitor their transactions directly. link

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

Tishwash: The Iraqi government is turning to American banks for loans to resolve its liquidity crisis.

An informed source revealed on Sunday that the government intends to approach some American banks to obtain a financial loan as a quick solution to overcome the liquidity crisis, away from proposals to print currency.

The source explained to Shafaq News Agency that "the Ministries of Finance and Foreign Affairs are considering contacting some official American banks to obtain a financial loan that will be repaid from Iraqi oil sales in global oil markets, thus solving the liquidity crisis away from the proposal to print currency locally."

The source added that "the Iraqi government sees this approach as a logical and quick solution amid the wave of crises that the region is witnessing," without revealing further details.

The law on borrowing, grants and subsidies is an exceptional and temporary measure that Iraq is moving towards enacting, to compensate for the absence of the federal budget and to secure the necessary government spending.

The Iraqi parliament is waiting for the government to officially send the draft borrowing law to parliament, in order to avoid a financial gap and to ensure that the law does not differ from the vision and policy of the Iraqi government, according to the parliamentary finance committee.

Earlier, a special monitoring conducted by Shafaq News Agency showed that the volume of Iraqi currency issuance rose to 113.560 trillion dinars in May 2026, an increase of about 13.761 trillion dinars, or 13.8%, compared to the end of December 2025, amid escalating financial pressures that prompted the government to seek liquidity to ensure the payment of salaries and basic expenses. ink

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

Tishwash: US Sanctions on Iran Could Disrupt Iraq’s Trade, Energy Supplies and Currency Market

Iraq could face significant economic repercussions from the tightening of US sanctions on Iran, with experts warning that restrictions on financial transactions could disrupt bilateral trade, increase prices and put additional pressure on the Iraqi dinar and dollar market.

The concerns come amid extensive commercial and economic ties between Baghdad and Tehran. Iraq relies on Iran for a significant share of imports, including food, agricultural products, construction materials and consumer goods, while continuing to import Iranian gas and electricity.

Economic expert Sadiq al-Rikabi told BasNews that a complete halt to official trade between Iraq and Iran would be difficult given the two countries’ long border and deeply interconnected commercial relations.

"It would be difficult to say that sanctions will completely halt trade, but they will impose major obstacles on imports and financial transfers,” al-Rikabi said.

He identified food and agricultural products as among the sectors most vulnerable to disruption, noting that Iraq imports substantial quantities of dairy products, vegetables and canned goods from Iran.

Construction materials, including ceramics, iron and pipes, could also be affected, he said, as many Iraqi companies rely on Iranian supplies because of their relatively low costs and geographic proximity. Consumer goods, plastics, cleaning products and household materials could face similar pressures.

Energy payments remain a key concern

Iraq’s electricity and gas imports from Iran are covered by US sanctions waivers, but the mechanism for settling payments remains a major challenge, according to al-Rikabi.

He noted that payments associated with Iranian electricity and gas imports had exceeded $10 billion during previous periods, warning that difficulties in settling outstanding payments could prompt Iran to reduce or suspend energy supplies.

Such a development could directly affect Iraq’s electricity generation, particularly given the continued importance of Iranian gas to the country’s power sector.

Banking restrictions could push trade into informal channels

Al-Rikabi said the main difference between the current sanctions environment and the existing trade relationship is Washington’s effort to impose financial restrictions on Iran and prevent dollars from reaching the Iranian economy.

An Iraqi trader opening a bank credit facility or letter of guarantee in favor of an Iranian company could face sanctions exposure, while transferring US dollars to Iran through the banking system would become increasingly difficult, he said.

As formal banking channels become more constrained, however, informal trade could expand through unofficial border crossings, cash transactions and barter arrangements.

Some traders could resort to exchanging Iraqi dinars for Iranian rials or physically transporting cash across the border, while others could use barter systems in which Iraqi goods are exchanged directly for Iranian products.

"The trade conducted through banks will decline significantly, but informal trade could become more active,” al-Rikabi said.

Pressure on prices and the dollar market

Despite tighter restrictions, al-Rikabi expects Iranian goods to continue entering the Iraqi market, albeit in smaller quantities and under greater scrutiny.

He warned that traders’ increased reliance on the parallel market to obtain dollars and transfer funds to Iran could raise demand for the US currency inside Iraq.

This could contribute to delays in the arrival of certain goods and drive up prices as importers face higher transaction costs and greater difficulties securing supplies.

The resulting increase in demand for dollars could also place additional pressure on the Iraqi dinar’s exchange rate.

"Iraq-Iran trade will not stop completely,” al-Rikabi said, "but sanctions and tighter controls on financial transfers will make it more expensive and complicated, with potentially direct consequences for the Iraqi economy, prices and the foreign-exchange market.” link