Thursday Iraq News Posted by Tishwash at TNT 9-24-2026

TNT:

Tishwash:  Al-Zaidi meets Trump in New York

Prime Minister Ali Faleh al-Zaidi met today, Wednesday, in New York with US President Donald Trump to discuss the latest developments in the region and the joint efforts being made by Iraq and the United States to enhance security.

The Prime Minister's Media Office stated in a statement that "Prime Minister Ali Faleh al-Zaidi met with US President Donald Trump in New York."

During the meeting, the two sides discussed bilateral relations and ways to enhance cooperation and partnership between the two countries in the political, economic and investment fields. They also reviewed the latest developments in the region and the joint efforts made by Iraq and the United States to promote regional and international security and stability.  link

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Tishwash:  National Wealth Unit

 The absence of a federal law on oil and gas since 2007 until today has led to alternating periods of stagnation and escalating conflicts between the federal government and the producing provinces. Throughout that period, there were no serious intentions to resolve this vital issue related to the state’s economy, which allowed for a competitive war of corruption, smuggling, and the exorbitant enrichment of many figures and names who established financial empires that could finance the budgets of small countries in our regional vicinity.

 This law, for those who do not know it, represents the basic pillar of the structure of the economy, which is subject to the dominance of oil revenues by (90 percent). Its enactment will enhance the confidence of international investors and support the exchange rate of the Iraqi dinar through the flow of hard currency and establish fair mechanisms for the distribution of revenues. In addition to providing an investment environment for the development of fields and the investment of associated gas, the existence of a stable legislative framework encourages global energy companies to double production to confront the shocks of declining revenues and absorb financial disputes.

 The Oil and Gas Law embodies the people’s ownership of their national wealth, as confirmed by Article (111) of the Iraqi Constitution, which is the supreme and highest law in the country.

This article stipulates that oil and gas are the property of the Iraqi people in all regions and governorates. It also regulates how this national wealth is to be held by the state and under the control of the federal government, taking into account the fair and just distribution of its revenues in proportion to the population distribution throughout the country, as indicated by Article (112) of the Iraqi Constitution. 

On another front, the enactment of this law establishes a mechanism for distributing a portion of the profits generated from crude oil sales to several funds, including a Citizen's Fund, a Reconstruction Fund, a Generations Fund, and other long-term financial reserves.

Since the fall of the regime until today, some oil- and gas-producing provinces may have suffered injustice. The management of the country's wealth must be exclusively in the hands of the federal government, and its revenues must be distributed fairly and equitably according to population size. This can only be guaranteed by the Oil and Gas Law, as it is not merely a passing piece of legislation, but rather the cornerstone for restructuring the Iraqi economy.

The continued obstruction of such a law for years, due to political disputes and the prioritization of narrow interests, has cost the public treasury enormous losses and kept the country in a state of financial instability. Therefore, it has become imperative for the House of Representatives to end the state of conflicting constitutional interpretations and reliance on temporary understandings, and to establish fair mechanisms for distributing revenues between the federal government and the producing regions and governorates, and to put an end to the duality of oil policies and protect the unity of national wealth.”  

As for the contentious clauses, the best solution lies in adopting a consensual formulation that guarantees the producing governorates a wider scope in managing their affairs, while the sovereign decision to contract and market remains unified in the hands of the federal government. Continuing to obstruct this law is not a strategic option, but rather a sacrifice of Iraq’s future for immediate political gains. It is time for the political forces to overcome their differences and put the national interest above all considerations, in order to find a real entry point for economic reform and financial stability.  link

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Tishwash:  Prime Minister: The government is proceeding with restructuring the fundamental aspects of fiscal policy in Iraq.

Prime Minister Ali Faleh al-Zaidi affirmed on Wednesday that the government is proceeding with restructuring the fundamental pillars of fiscal policy in Iraq.

The Prime Minister's Media Office stated in a press release received by the Iraqi News Agency (INA) that "Prime Minister Ali Faleh al-Zaidi met in New York, after midnight on Tuesday, Baghdad time, with Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), and his accompanying delegation."

The statement added that "the meeting addressed developments in the global economic landscape, the repercussions of the crisis in the region and its impact on markets, prices, supply chains, and inflation rates, as well as its effects on energy consumption and oil prices."

According to the statement, the Prime Minister emphasized that "the government is proceeding with restructuring the fundamental pillars of fiscal policy in Iraq through expanding the automation system and gradually transitioning towards a program and performance-based budget, within the framework of the 2027 budget project."

For his part, Azour affirmed the IMF's readiness to continue cooperating with Iraq and strengthening the path of economic and financial reforms, in a way that contributes to consolidating financial and economic stability in Iraq.  link

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Tishwash:  The Prime Minister emphasizes the importance of expanding partnerships with major international companies to develop the oil sector.

Prime Minister Ali Faleh al-Zaidi emphasized on Wednesday the importance of expanding partnerships with major international companies to develop the oil sector.

The Prime Minister's Media Office stated in a press release received by the Iraqi News Agency (INA) that "Prime Minister Ali Faleh al-Zaidi met in New York, after midnight on Tuesday, Baghdad time, with ExxonMobil CEO Darren Woods and his accompanying delegation."

The statement added that "the meeting addressed prospects for cooperation and partnership with ExxonMobil in the areas of oil exploration and the development of existing fields, contributing to increased production and optimal investment of oil resources."
According to the statement, the Prime Minister stressed the importance of expanding partnerships with major international companies and leveraging their expertise and modern technologies to develop the oil sector, given Iraq's focus on increasing its production capacity and enhancing the efficiency of investment in its natural resources.  link

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Tishwash:  The Prime Minister affirms to a delegation from the American company HKN the government's intention to organize the Baghdad Energy Conference.

Prime Minister Ali Faleh al-Zaidi, during his meeting with a delegation from the American company HKN in New York, affirmed the government's commitment to organizing the Baghdad Energy Conference, which will witness the announcement of new exploration blocks in Iraq.

The Prime Minister's Media Office stated in a press release received by the Iraqi News Agency (INA) that "Prime Minister Ali Faleh al-Zaidi received in New York, after midnight on Tuesday, Baghdad time, the Chairman of the Board of Directors of the American company HKN, Ross Perot, and his accompanying delegation. HKN is a company specializing in the exploration and development of oil and gas fields."

The Prime Minister called on the company to redouble its efforts, accelerate the pace of work, and increase the execution hours of its projects and contractual obligations in Iraq, particularly those related to increasing oil production.

He indicated the government's intention to organize the Baghdad Energy Conference, which will witness the announcement of new exploration blocks in Iraq, representing significant investment opportunities for major international companies. He explained that the government will work to overcome obstacles and address problems that could delay the implementation of projects and the companies' commitments.

For its part, the company's delegation expressed its readiness for further cooperation, increased working hours, and accelerated execution to enhance the speed of completion and commitment to achieving the objectives.  link

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Tishwash:  Before sending it to parliament, Al-Zaydi drafted the "Popular Mobilization Forces Law" immediately upon his return from New York.

An informed source reported on Tuesday that Prime Minister Ali al-Zubaidi will submit the draft Popular Mobilization Forces Law, whose clauses have been amended according to the observations of parliamentary and political forces, to the House of Representatives as soon as he returns from the United States.

The source told Shafaq News Agency that the paragraph regarding amending the "legal age of the head of the Popular Mobilization Forces" needs to be amended or reformulated, as it indicates that the extension, renewal, and referral to retirement of the head of the Popular Mobilization Forces will be in the hands of the Commander-in-Chief of the Armed Forces.

According to the information provided by the source, the aforementioned paragraph will be amended to grant the Prime Minister the authority to extend the term of the head of the authority for a limited period, not exceeding two years, and without renewal.

Last week, Iskandar Watout, a member of the parliamentary Security and Defense Committee, confirmed that the amended Popular Mobilization Forces Law would soon reach parliament for passage, after amendments were made to it.

There is near-political consensus to change the title of the head of the Popular Mobilization Forces to something equivalent to a ministerial position without a ministry, while the official name of the Popular Mobilization Forces remains unchanged.

Informed sources revealed that the draft laws on the structure of the Popular Mobilization Forces and on service and retirement will soon be referred to the Iraqi Parliament, after the removal of a number of controversial clauses that were subject to an American veto.

However, there is an American veto on some clauses of the Popular Mobilization Forces laws, and therefore the two drafts will be referred in their final form to the House of Representatives, in preparation for starting the procedures for legislating them according to the approved official contexts.

The US Treasury Department had placed “Al-Muhandis Company” on the sanctions list in October 2025, on the grounds that it was linked to financing armed factions and facilitating economic activities related to the Iranian Revolutionary Guard, which was met at the time with rejection and regret from the Iraqi government.

With regard to the military educational institutions affiliated with the Popular Mobilization Forces, legal or administrative objections related to the terms and conditions of nomination and acceptance, including institutions concerned with qualifying Popular Mobilization officers or admission channels to the Joint Staff College, are subject to official administrative and legal references within the organization.  link

Iraq Economic News and Points To Ponder Wednesday Afternoon 9-23-26

Parliamentary Finance: The Salaries Of Employees Are Secured And The Budget Deficit Of 2027 May Reach 65 Trillion Dinars

Money and business   Economy News — Baghdad  A member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, said that the committee has prepared its plans and preparations to discuss the draft general budget, pointing out that "the budget for 2027 is expected to reach the House of Representatives on October 15."

Al-Dulaimi said in a statement to the official newspaper, that "the Finance Committee will have a large role in the study of the budget and the organization of its items and discuss them to reach a vote on them within the House of Representatives," noting that "the expected deficit in the budget may reach about 65 trillion dinars."

‎She explained that "the committee will discuss within the treatments of the deficit the file of the exchange rate and the procedures that will be proposed by the Ministry of Finance," stressing that "there are treatments with the ministry will be seen by the Finance Committee after the arrival of the draft budget to the House of Representatives."

‎With regard to public spending, Al-Dulaimi stressed that "the salaries of employees are secure," pointing out that "the volume of oil exports is increasing, reaching about 3 to 4 million barrels per day, in addition to the existence of reserves at the Central Bank can contribute to supporting financial stability."    https://www.economy-news.net/content.php?id=74250

The Shift Towards Electronic Collection Of Departments And Industrial And Commercial Sectors

Money and business  Economy News _ Baghdad  The Electricity and Energy Committee in the House of Representatives revealed the existence of a trend to convert 3 items to the entire electronic collection, and while the national electricity system suffers from the frequency of firefighting due to the lack of imported gas, a similar crisis was exacerbated by the owners of private generators for periods of up to six hours a day under the pretext of scarcity in the (Kaz).

A member of the Parliamentary Electricity Committee, Zahra Luqman Al-Saadi, said in an interview with the official newspaper "Economy News" that within the treatment of the file of "high loads", there is a government trend binding to convert subscribers from industrial and commercial classes and government departments to the entire electronic collection.

The deputy added that the committee is working to exercise the supervisory role on the distribution departments to ensure that all these items are provided with smart devices (POS) and smart meters, as the recovery of the amounts of these items represents the largest resource of the ministry.

In the midst of that, “morning” followed the complaints of citizens in Baghdad and the provinces, which confirmed the repeated extinguishing of the national system, and the same act is practiced daily by some owners of private and government generators alike, for periods of (4-6) hours a day under the pretext of the existence of scarcity of ketosis, while others appealed to impose strict control and inspection of the owners of generators to coincide with the deliberate extinguishing by them with an unprecedented lifting of the price of one amp from 15 thousand dinars to 22 thousand, citing the same argument.

Despite the ongoing interruptions and the apparent discontent among citizens, the Ministry of Electricity has maintained a media silence on the energy crisis, which has renewed with the approach of the winter season. In this context, Al-Sabah newspaper communicated by phone with the ministry, but the official spokesman chose not to respond or media cooperation, ignoring that this file is the biggest concern and permanent inspiration for citizens around the clock.   https://www.economy-news.net/content.php?id=74248

Parliamentary Economy Discusses The Amendment Of The Industrial Cities Law

Money and business   Economy News - Baghdad The Parliamentary Committee on Economy, Industry and Trade discussed on Tuesday the draft law to amend the Industrial Cities Law, in preparation for the completion of its final version and put it to a vote in the coming period.

A statement by the Information Department of the House of Representatives said that the committee held a meeting under the chairmanship of the President of the age, MP Omar Mohammed Mohammed Karim, in the presence of its members, in addition to the representative of the Union of Industrialists, the President of the Industrial Cities and Free Zones Authority and a number of legal representatives and the beneficiary sectoral bodies.

The statement added that the meeting witnessed hearing the views and suggestions of the members of the committee and representatives of the concerned authorities on the amendment articles, thus contributing to reaching a final legal formula that takes into account the requirements of the industrial sector and the development of the environment of industrial cities.

He pointed out that the committee is working to complete the discussion of observations and proposals in preparation for the submission of the draft law in its final form and vote on it in the coming period    https://www.economy-news.net/content.php?id=74217

Responsible Source: Handling Companies Apologize For Serving Iranian Aircraft For Fear Of Sanctions

Money and business   Economy News - Baghdad    An official source confirmed on Wednesday that the Ministry of Transport and the Civil Aviation Authority do not bear the responsibility of not receiving Iranian aircraft, while noting that the handling companies and ground services apologized for providing their services to Iranian airlines for fear of sanctions.

The source said that "the Ministry of Transport does not bear the responsibility of not receiving Iranian aircraft, as well as the Civil Aviation Authority of the Council of Ministers, which is responsible for granting approvals in accordance with the principle of reciprocity with the Iranian side in the files of travel and aviation and in accordance with the laws governing aviation internationally."

He added that "the issue is related to handling companies and ground services, which are private non-governmental companies contracted with Iranian airlines to provide after-landing and pre-take-off services, including loading and landing bags and organizing the procedures for the departure of passengers to aircraft and other services," noting that "these companies are the ones who apologized to Iranian airlines for providing their services for fear of being subject to sanctions."

He added that "Iraqi airports provide a spatial environment for private companies that provide their services for wages and do not interfere in the nature of the contract of these companies with airlines in any detail."    https://www.economy-news.net/content.php?id=74271

Iraq Calls From Doha For Effective Arab Cooperation To Recover Funds And Combat Corruption

Money and business    Economy News – Baghdad   Iraq participated on Wednesday in the sixth session of the Conference of the States Parties to the Arab Convention against Corruption, which was launched in the Qatari capital Doha, while the head of the Federal Integrity Commission, Mohammed Ali Al-Lami, called for strengthening Arab cooperation in the field of recovering funds and assets and confronting cross-border corruption.

The Federal Integrity Commission said in a statement that "the work of the sixth session of the Conference of the States Parties to the Arab Convention against Corruption was launched in Doha, with the participation of the delegation of the Republic of Iraq headed by the Chairman of the Commission, Mohammed Ali Al-Lami, to confirm Iraq's commitment to implement the agreement, which it acceded to in 2012."

She added that "the head of the Qatar Administrative Control and Transparency Authority, Hamad bin Nasser Al-Misnad, opened the conference, which witnessed the State of Qatar assuming the presidency of the sixth session of the Arab Convention against Corruption from the State of Palestine."

Al-Lami stressed that "corruption is a cross-border international scourge, and confronting it requires concerted efforts and cooperation between countries, such as international cooperation in combating terrorism, epidemics and diseases."

He pointed out that "Iraq continues to implement its national plans in the field of combating corruption, and is moving towards the adoption of the national strategy for integrity and combating corruption until 2030, in order to enhance transparency and the application of governance systems and digital transformation."

He explained that "Iraq's efforts are not limited to the financial, investigative and deterrent aspects, but include taking into account the principles of human rights and launching programs targeting various segments of society, especially young people, to promote a culture of integrity and combat corruption."

He pointed to the issuance of a regulation of the functional conduct of the elections, with the aim of preventing the exploitation of state resources, as well as the launch of honorable charters for integrity with the participation of social actors and opinion leaders.

In the file of the recovery of funds and assets, Al-Lami stressed that "this file occupies an important area of Iraqi national efforts," calling on the countries parties to the agreement to "active cooperation to overcome the difficulties that hinder the speedy implementation of requests for the recovery of funds and assets."

He stressed that "Iraq is determined to continue to fight corruption based on independence, community partnership and Arab and international cooperation."

The Conference witnessed the election of officers and the adoption of the agenda, as well as the discussion of a series of resolutions submitted by the Secretariat-General of the League of Arab States and proposals made by States parties to the Convention.

The Federal Integrity Commission is the official representative of Iraq in the Arab and United Nations Conventions against Corruption and follows up on their obligations, foremost among which is cooperation, exchange of assistance and experiences, and participation in relevant conferences and forums.  https://www.economy-news.net/content.php?id=74259

Foreign Minister Discusses With His Iranian Counterpart The Reopening Of The Strait Of Hormuz

Money and business   Economy News – Baghdad  Foreign Minister Fuad Hossein on Wednesday discussed with his Iranian counterpart Abbas Araqchi the reopening of the Strait of Hormuz.

"I met in New York with the Foreign Minister of the Islamic Republic of Iran, Abbas Araqchi, and we discussed bilateral relations and developments in the region, the ongoing indirect contacts between Tehran and Washington, and efforts to de-escalate and reopen the Strait of Hormuz to navigation," Hussein said in a blog post on the X platform.

Hussein stressed that "dialogue and diplomacy remain the most effective path to contain tension and prevent its expansion, and that the security of the region and freedom of navigation require regional cooperation and responsible dialogue between the parties concerned."

He pointed out that "the meeting discussed the fight against terrorism across borders and the strengthening of economic cooperation, and we agreed to continue consultation to support regional security and stability   https://www.economy-news.net/content.php?id=74256

Al-Sharaa: There Is A Project To Link Iraq's Oil Fields To Syrian Ports And Secure Safe Passage For Its Products

Money and business   Economy News — Baghdad   Syrian President Ahmed al-Sharaa revealed that there is a project to link Iraq's oil fields to Syrian ports and secure a safe passage for its products.

Al-Sharaa said after his meeting with Al-Zaydi and in an open dialogue within the activities of the Atlantic Council: "We have a long border with Iraq, and we seek to establish economic ties between Iraq and Syria, because this will improve relations in the common interest of the two countries."

“We are also trying to secure a safe passage for Iraqi products, especially oil products, through Syria.”

He pointed out that "there is a project to link the oil fields in Iraq with the Syrian seaports, as an alternative through Bab al-Mandab and the Suez Canal, this path has been in place since the fifties of the last century, but it was stopped because of the poor political relations between Syria and Iraq. We are now trying to address the mistakes and problems that have occurred over the past half century.”  https://www.economy-news.net/content.php?id=74251

Parliamentary Finance: The Salaries Of Employees Are Secured And The Budget Deficit Of 2027 May Reach 65 Trillion Dinars

Money and business   Economy News — Baghdad  A member of the Parliamentary Finance Committee, Ikhlas Al-Dulaimi, said that the committee has prepared its plans and preparations to discuss the draft general budget, pointing out that "the budget for 2027 is expected to reach the House of Representatives on October 15."

Al-Dulaimi said in a statement to the official newspaper, that "the Finance Committee will have a large role in the study of the budget and the organization of its items and discuss them to reach a vote on them within the House of Representatives," noting that "the expected deficit in the budget may reach about 65 trillion dinars."

‎She explained that "the committee will discuss within the treatments of the deficit the file of the exchange rate and the procedures that will be proposed by the Ministry of Finance," stressing that "there are treatments with the ministry will be seen by the Finance Committee after the arrival of the draft budget to the House of Representatives."

‎With regard to public spending, Al-Dulaimi stressed that "the salaries of employees are secure," pointing out that "the volume of oil exports is increasing, reaching about 3 to 4 million barrels per day, in addition to the existence of reserves at the Central Bank can contribute to supporting financial stability."    https://www.economy-news.net/content.php?id=74250

The Shift Towards Electronic Collection Of Departments And Industrial And Commercial Sectors

Money and business  Economy News _ Baghdad  The Electricity and Energy Committee in the House of Representatives revealed the existence of a trend to convert 3 items to the entire electronic collection, and while the national electricity system suffers from the frequency of firefighting due to the lack of imported gas, a similar crisis was exacerbated by the owners of private generators for periods of up to six hours a day under the pretext of scarcity in the (Kaz).

A member of the Parliamentary Electricity Committee, Zahra Luqman Al-Saadi, said in an interview with the official newspaper "Economy News" that within the treatment of the file of "high loads", there is a government trend binding to convert subscribers from industrial and commercial classes and government departments to the entire electronic collection.

The deputy added that the committee is working to exercise the supervisory role on the distribution departments to ensure that all these items are provided with smart devices (POS) and smart meters, as the recovery of the amounts of these items represents the largest resource of the ministry.

In the midst of that, “morning” followed the complaints of citizens in Baghdad and the provinces, which confirmed the repeated extinguishing of the national system, and the same act is practiced daily by some owners of private and government generators alike, for periods of (4-6) hours a day under the pretext of the existence of scarcity of ketosis, while others appealed to impose strict control and inspection of the owners of generators to coincide with the deliberate extinguishing by them with an unprecedented lifting of the price of one amp from 15 thousand dinars to 22 thousand, citing the same argument.

Despite the ongoing interruptions and the apparent discontent among citizens, the Ministry of Electricity has maintained a media silence on the energy crisis, which has renewed with the approach of the winter season. In this context, Al-Sabah newspaper communicated by phone with the ministry, but the official spokesman chose not to respond or media cooperation, ignoring that this file is the biggest concern and permanent inspiration for citizens around the clock.   https://www.economy-news.net/content.php?id=74248

Parliamentary Economy Discusses The Amendment Of The Industrial Cities Law

Money and business   Economy News - Baghdad

The Parliamentary Committee on Economy, Industry and Trade discussed on Tuesday the draft law to amend the Industrial Cities Law, in preparation for the completion of its final version and put it to a vote in the coming period.

A statement by the Information Department of the House of Representatives said that the committee held a meeting under the chairmanship of the President of the age, MP Omar Mohammed Mohammed Karim, in the presence of its members, in addition to the representative of the Union of Industrialists, the President of the Industrial Cities and Free Zones Authority and a number of legal representatives and the beneficiary sectoral bodies.

The statement added that the meeting witnessed hearing the views and suggestions of the members of the committee and representatives of the concerned authorities on the amendment articles, thus contributing to reaching a final legal formula that takes into account the requirements of the industrial sector and the development of the environment of industrial cities.

He pointed out that the committee is working to complete the discussion of observations and proposals in preparation for the submission of the draft law in its final form and vote on it in the coming period    https://www.economy-news.net/content.php?id=74217

Responsible Source: Handling Companies Apologize For Serving Iranian Aircraft For Fear Of Sanctions

Money and business   Economy News - Baghdad    An official source confirmed on Wednesday that the Ministry of Transport and the Civil Aviation Authority do not bear the responsibility of not receiving Iranian aircraft, while noting that the handling companies and ground services apologized for providing their services to Iranian airlines for fear of sanctions.

The source said that "the Ministry of Transport does not bear the responsibility of not receiving Iranian aircraft, as well as the Civil Aviation Authority of the Council of Ministers, which is responsible for granting approvals in accordance with the principle of reciprocity with the Iranian side in the files of travel and aviation and in accordance with the laws governing aviation internationally."

He added that "the issue is related to handling companies and ground services, which are private non-governmental companies contracted with Iranian airlines to provide after-landing and pre-take-off services, including loading and landing bags and organizing the procedures for the departure of passengers to aircraft and other services," noting that "these companies are the ones who apologized to Iranian airlines for providing their services for fear of being subject to sanctions."

He added that "Iraqi airports provide a spatial environment for private companies that provide their services for wages and do not interfere in the nature of the contract of these companies with airlines in any detail."    https://www.economy-news.net/content.php?id=74271

Iraq Calls From Doha For Effective Arab Cooperation To Recover Funds And Combat Corruption

Money and business    Economy News – Baghdad   Iraq participated on Wednesday in the sixth session of the Conference of the States Parties to the Arab Convention against Corruption, which was launched in the Qatari capital Doha, while the head of the Federal Integrity Commission, Mohammed Ali Al-Lami, called for strengthening Arab cooperation in the field of recovering funds and assets and confronting cross-border corruption.

The Federal Integrity Commission said in a statement that "the work of the sixth session of the Conference of the States Parties to the Arab Convention against Corruption was launched in Doha, with the participation of the delegation of the Republic of Iraq headed by the Chairman of the Commission, Mohammed Ali Al-Lami, to confirm Iraq's commitment to implement the agreement, which it acceded to in 2012."

She added that "the head of the Qatar Administrative Control and Transparency Authority, Hamad bin Nasser Al-Misnad, opened the conference, which witnessed the State of Qatar assuming the presidency of the sixth session of the Arab Convention against Corruption from the State of Palestine."

Al-Lami stressed that "corruption is a cross-border international scourge, and confronting it requires concerted efforts and cooperation between countries, such as international cooperation in combating terrorism, epidemics and diseases."

He pointed out that "Iraq continues to implement its national plans in the field of combating corruption, and is moving towards the adoption of the national strategy for integrity and combating corruption until 2030, in order to enhance transparency and the application of governance systems and digital transformation."

He explained that "Iraq's efforts are not limited to the financial, investigative and deterrent aspects, but include taking into account the principles of human rights and launching programs targeting various segments of society, especially young people, to promote a culture of integrity and combat corruption."

He pointed to the issuance of a regulation of the functional conduct of the elections, with the aim of preventing the exploitation of state resources, as well as the launch of honorable charters for integrity with the participation of social actors and opinion leaders.

In the file of the recovery of funds and assets, Al-Lami stressed that "this file occupies an important area of Iraqi national efforts," calling on the countries parties to the agreement to "active cooperation to overcome the difficulties that hinder the speedy implementation of requests for the recovery of funds and assets."

He stressed that "Iraq is determined to continue to fight corruption based on independence, community partnership and Arab and international cooperation."

The Conference witnessed the election of officers and the adoption of the agenda, as well as the discussion of a series of resolutions submitted by the Secretariat-General of the League of Arab States and proposals made by States parties to the Convention.

The Federal Integrity Commission is the official representative of Iraq in the Arab and United Nations Conventions against Corruption and follows up on their obligations, foremost among which is cooperation, exchange of assistance and experiences, and participation in relevant conferences and forums.  https://www.economy-news.net/content.php?id=74259

Foreign Minister Discusses With His Iranian Counterpart The Reopening Of The Strait Of Hormuz

Money and business   Economy News – Baghdad  Foreign Minister Fuad Hossein on Wednesday discussed with his Iranian counterpart Abbas Araqchi the reopening of the Strait of Hormuz.

"I met in New York with the Foreign Minister of the Islamic Republic of Iran, Abbas Araqchi, and we discussed bilateral relations and developments in the region, the ongoing indirect contacts between Tehran and Washington, and efforts to de-escalate and reopen the Strait of Hormuz to navigation," Hussein said in a blog post on the X platform.

Hussein stressed that "dialogue and diplomacy remain the most effective path to contain tension and prevent its expansion, and that the security of the region and freedom of navigation require regional cooperation and responsible dialogue between the parties concerned."

He pointed out that "the meeting discussed the fight against terrorism across borders and the strengthening of economic cooperation, and we agreed to continue consultation to support regional security and stability   https://www.economy-news.net/content.php?id=74256

Al-Sharaa: There Is A Project To Link Iraq's Oil Fields To Syrian Ports And Secure Safe Passage For Its Products

Money and business   Economy News — Baghdad   Syrian President Ahmed al-Sharaa revealed that there is a project to link Iraq's oil fields to Syrian ports and secure a safe passage for its products.

Al-Sharaa said after his meeting with Al-Zaydi and in an open dialogue within the activities of the Atlantic Council: "We have a long border with Iraq, and we seek to establish economic ties between Iraq and Syria, because this will improve relations in the common interest of the two countries."

“We are also trying to secure a safe passage for Iraqi products, especially oil products, through Syria.”

He pointed out that "there is a project to link the oil fields in Iraq with the Syrian seaports, as an alternative through Bab al-Mandab and the Suez Canal, this path has been in place since the fifties of the last century, but it was stopped because of the poor political relations between Syria and Iraq. We are now trying to address the mistakes and problems that have occurred over the past half century.”  https://www.economy-news.net/content.php?id=74251

3 Savings Moves To Make Post-Fed Rate Hike

3 Savings Moves To Make Post-Fed Rate Hike

By Matt Richardson  September 17, 2026 CBS News MoneyWatch: Managing Your Money

With interest rates rising again, savers will want to take certain steps now to take advantage.

Savers on Thursday woke up to a new financial climate marked by the first interest rate hike from the Federal Reserve in more than three years. Now at a range between 3.75% and 4.00%, a new, higher federal funds rate is expected to lead to even higher rates for savers than they've already been accustomed to in recent years. And while that change will look different based on the account type and the bank in question, savers are undoubtedly now entering a more profitable period, especially if the Fed proceeds with another interest rate hike when it meets again in October.

Taking advantage of new, better interest-earning opportunities will take a bit of a strategic approach from savers, however. While there are always costly mistakes worth avoiding, making the right, proactive moves now could be the difference between earning a standard rate on your money or one that's exponentially higher. And these moves should happen relatively quickly, both to boost your savings as much as possible and to cut losses you may already be enduring with other account types. Below, we'll break down three specific savings moves to make now, post-Fed rate hike.

To position yourself for savings success as quickly as possible, consider making these three moves right now:

Move the money you need to maintain access to into a high-yield savings account

Traditional savings accounts should have been closed already, but if you haven't yet done so, consider acting now. With an average interest rate of just 0.38% currently, you're essentially losing money by not shifting your funds into an alternative account type. Move the money you need to maintain access to, then, into a high-yield savings account instead. These accounts operate the same way a traditional account does, albeit with significantly more interest earnings to be had. 

And you won't have to worry about making withdrawals, deposits or paying any fees the way you would with a certificate of deposit (CD) account with a fixed rate. With a variable rate structure, too, they're well-positioned to take advantage of a rising interest rate environment if the Fed continues to hike rates. Consider shopping around for high-yield savings accounts online, then, and move the money you need to keep flexible into the most profitable option you can find right away.

Use CDs, but in a more cautious way than usual

Technically, CDs have slightly higher rates than high-yield savings accounts do. And they're fixed, adding a layer of protection that the variable-rate high-yield account can't offer. Because your money will be locked in the account at that fixed rate level, however, your interest-earning potential will be limited. 

This doesn't mean that CD accounts aren't still worth opening (they are), but it does mean that savers should use them in a more cautious way than usual, especially compared to the climate in which interest rates were consistently declining in 2024 and 2025. So open a CD account, but don't deposit more than you can afford to part with, and don't lock it into a term that you can't easily see through to the maturity date.

Explore alternative accounts that can help you take advantage of a higher rate climate

CDs and high-yield savings accounts may be ubiquitous, but they're not the only accounts that will help you take advantage of a higher interest rate climate. A money market account functions as a savings account that you can write checks from and, right now, interest rates on the account are averaging only slightly below those tied to high-yield savings accounts. 

So, if you want to earn a high rate while streamlining your banking needs, this could be the right account for you now. High-yield checking accounts, meanwhile, should also be considered as they can allow you to earn a competitive rate on the money you already have sitting idle waiting for the next bill to be paid. Earning some extra interest there, too, won't hurt.

The bottom line

A rising interest rate environment isn't great news for borrowers, but it does have a silver lining for savers who position themselves appropriately now. By moving the money you need access to into a high-yield savings account, closing the traditional account (if you still have one), using CDs in a more cautious way, and exploring alternative account types that you may not have thought about previously, you can do just that. Consider the use, too, of online marketplaces that list all of the relevant account information you'll need in one spot and don't discount the benefits of speaking with banks directly as they can often outline accounts and approaches that may align with your unique financial circumstances.

Edited by Angelica Leicht

TO READ MORE: https://www.cbsnews.com/news/savings-moves-to-make-post-september-2026-fed-rate-hike/

Andy Schectman: Central Banks Are Preparing for What Comes Next

Andy Schectman: Central Banks Are Preparing for What Comes Next

Liberty and Finance:  9-22-2026

Andy Schectman warns that rising interest rates may no longer be hurting gold the way conventional market wisdom suggests, as central banks continue accumulating physical metal and Comex deliveries remain strong.

He says the growing pressure on U.S. Treasuries, rising diesel and oil costs, and limited options for central banks could create a dangerous environment of inflation and financial volatility.

Schectman also argues that BRICS nations are quietly building interoperable payment and monetary infrastructure while increasing gold accumulation and reducing reliance on Treasuries.

He warns that the bond market could face severe consequences if Treasury yields move substantially above 5%, with ripple effects across Wall Street, real estate, banks, insurers and pensions.

 Meanwhile, he says physical gold and silver remain attractive relative to other assets, with premiums beginning to rise again as global demand continues.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Rate increases

11:00 BRICS & gold

19:00 Bond market crisis

24:00 Bullion supply chain

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

Ariel: The Great Revaluation, the Trifecta that Ends Bretton Woods Forever

Ariel: The Great Revaluation, the Trifecta that Ends Bretton Woods Forever

9-23-2026

The Great Revaluation — $600 Silver, $10K Gold, and the Iraq-XRP-XLM Trifecta That Ends Bretton Woods Forever

The $600/$10K Anchor Is Not a Guess — It’s a Solvency

That “$600 silver / $10,000 gold” figure didn’t come from some Telegram hype channel. It came from the balance-sheet math that Treasury can’t say out loud yet. Here’s what nobody on the internet are talking about.

The U.S. holds 261.5 million troy ounces of gold on the books at $42.22 per ounce a laughable $11 billion valuation that hasn’t been updated since Nixon torched Bretton Woods I in 1971.

At $10,000 per ounce, that same vault becomes $2.615 trillion in hard collateral overnight, and silver at $600 turns the strategic stockpile into an additional $300+ billion without a single new mining permit.

 That’s not a “revaluation.” That’s an emergency solvency injection that re-underwrites the Treasury dollar without printing a single new Federal Reserve note, and it happens the moment the bridge currency framework XRP and XLM is operational enough to absorb the shock without collapsing the legacy bond market.

The SEC’s September 17 Innovation Exemption was the legal signal flare. Ondo and DTCC going live in October is the plumbing. And that $600/$10K number is the pressure reading in the pipe before the valve opens.

The IMF Leaving Bretton Woods Is Not Reform — It’s a Surrender Document Signed in Blockchain Ink

The IMF “announcing they are leaving Bretton Woods for the new digital age” is the most polite way to describe an institutional capitulation that’s been 80 years in the making. Bretton Woods wasn’t just a monetary system. It was a control architecture IMF conditionality, World Bank structural adjustment, dollar hegemony enforced through SWIFT exclusion and Treasury sanctions that let a handful of Western institutions dictate the economic sovereignty of 190 countries.

The IMF walking away from that framework in September 2026, the same month the SEC issued its Innovation Exemption and Iraq declared financial sovereignty, is not a coincidence. It’s a sequenced retreat.

Here’s what they didn’t announce in the press release. The IMF’s new “digital age” framework means member states can now settle cross-border obligations using tokenized assets on public blockchain infrastructure specifically, the XRP Ledger and Stellar Network without routing through the correspondent banking system that the IMF itself used to enforce compliance.

Iraq’s 2027 budget, priced in a revalued dinar, settles against tokenized oil contracts on the same rails. The IMF isn’t “leaving” Bretton Woods. They’re evacuating before the legacy architecture collapses under the weight of a gold-backed, blockchain-settled parallel system they can no longer gatekeep.

The Iraq Revaluation Is Not a Standalone Event — It’s the Trigger for the Commodity-Backed Currency Cascade

Iraq’s IQD revaluation driven by the September 30 sovereignty declaration and the October 15 budget rate announcement is not just about Iraq. Iraq sits on the fifth-largest proven oil reserves on Earth, 145 billion barrels, plus natural gas reserves that are still underexplored because the Deepstate’s “program rate” kept the economy too dysfunctional to develop them.

When the dinar revalues to something approaching its resource-backed reality and when the dIQD is instantly convertible through XRP/XLM to tokenized gold, silver, and U.S. Treasuries Iraq becomes the proof of concept for every other resource-rich nation that’s been trapped in IMF-imposed currency suppression.

Venezuela’s bolivar, Nigeria’s naira, Indonesia’s rupiah every petro-state that’s been told for decades that their currency is “worthless” despite sitting on trillion-dollar resource bases gets a template.

The $600 silver and $10K gold revaluation isn’t just for the U.S. Treasury. It’s the anchor that gives every commodity-backed revaluation a reference price.

Iraq goes first because the CBI’s digital framework is the most advanced, but the cascade is already priced into the Ondo-DTCC tokenization timeline. October isn’t just a month. It’s a detonation sequence.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/great-added-to-x-170301049

https://dinarchronicles.com/2026/09/22/prolotario-the-great-revaluation-the-trifecta-that-ends-bretton-woods-forever/

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 9-23-26

Good Afternoon Dinar Recaps,

U.S. PAYMENT RESET WATCH: FED PROPOSES CONNECTING FEDNOW TO CROSS-BORDER PAYMENTS

The Federal Reserve is proposing a regulatory change that could allow U.S. banks to use FedNow for the domestic portion of cross-border transactions while intermediaries handle the international leg.

  OVERVIEW

• The Federal Reserve has proposed allowing participating FedNow institutions to use intermediaries, including correspondent banks, when sending funds through the FedNow Service.

• The proposal could allow a payment to move through FedNow for its U.S. portion while a correspondent bank handles the international portion, creating a bridge between America's instant-payment infrastructure and existing global banking networks.

• This is not yet a live international FedNow service or announcement of a new global payment system. It is a proposed regulatory change that could open the door to additional private-sector cross-border payment solutions.

KEY DEVELOPMENTS

1. The Fed is proposing greater flexibility for FedNow

The Federal Reserve's proposal would amend Regulation J, which governs funds transfers through FedNow, to allow participants to use intermediaries other than Federal Reserve Banks when sending funds through the service.

That change matters because FedNow was designed primarily around the domestic U.S. payment system. Allowing intermediaries could give banks more flexibility to connect a FedNow transaction with payment infrastructure outside the United States.

2. Correspondent banks could provide the international link

The Fed specifically identified a correspondent bank as an example of an intermediary that could handle the international portion of a cross-border transaction.

Under the proposed structure, the U.S. portion could use FedNow while the international portion could move through an established correspondent-banking relationship.

This is important because it does not require the Federal Reserve to create an entirely separate global payment network. Instead, it could allow FedNow to connect with existing international payment infrastructure.

  3. The proposal could expand private-sector cross-border payment solutions

The Federal Reserve said the additional flexibility could support new private-sector use cases for FedNow.

That could include financial institutions developing faster cross-border payment products that combine America's real-time payment rail with international banking networks.

Payments industry coverage described the proposal as potentially allowing U.S. financial institutions to use intermediaries, including non-U.S. correspondent banks, to complete international transactions while using FedNow domestically.

4. This is an infrastructure change—not a currency reset

The significance of this development is in the payment rails, not in an announced change to the dollar's value.

Nothing in the Federal Reserve proposal announces a dollar revaluation, replacement of the dollar, or a predetermined global financial reset.

Instead, it addresses how money could move between domestic and international financial systems.

5. FedNow becomes part of a larger real-time payments transformation

FedNow launched in 2023 as the Federal Reserve's instant-payment service, allowing participating financial institutions to send and receive payments around the clock.

The proposed intermediary framework would represent another step in the evolution of that infrastructure: moving from a primarily domestic real-time rail toward a structure that could connect with international payment channels.

6. The proposal is why this is a “WATCH”

The Federal Reserve's proposal was published in April 2026 and the formal comment period closed June 9. The proposal itself does not mean that international FedNow transactions are already operating.

That distinction is important.

RESET WATCH means the infrastructure is developing—not that a completed reset has occurred.

  WHY IT MATTERS

The global financial system is increasingly being reshaped by changes in payment speed, settlement infrastructure, interoperability and digital connectivity.

The important question is no longer simply how quickly a bank can send a payment domestically. Increasingly, financial institutions are working to connect real-time domestic payment systems with international transactions.

The FedNow proposal is one example of that broader transition.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For people who hold foreign currencies in anticipation of future changes in the global financial system, this development should be viewed as infrastructure evidence rather than a prediction about currency values.

A faster or more interconnected payment system does not automatically mean that any particular currency will be revalued.

What it does show is that major financial institutions and central banks continue to work on the plumbing through which currencies and financial assets move.

That is consistent with the principle of foundation before revaluation.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1 — Payments

FedNow is a U.S. real-time payment rail. Allowing intermediaries could make it easier to connect that domestic infrastructure with international payment activity.

• Pillar 2 — Banking

Correspondent banks remain an important part of international finance. The proposal could allow those institutions to serve as a bridge between domestic instant payments and international transactions.

• Pillar 3 — Technology

Real-time payment infrastructure is becoming increasingly important as banks and payment companies seek faster settlement and more efficient financial connectivity.

• Pillar 4 — Global Financial Infrastructure

The broader trend is toward interconnected payment systems rather than isolated national rails. FedNow's proposed flexibility is one piece of that larger evolution.

 THE GLOBAL RESET CONNECTION

FedNow → U.S. Banking → Correspondent Banks → Cross-Border Payments → Faster Settlement → Payment Interoperability → Global Financial Infrastructure

RUMOR SAFETY REMINDER

This development is not an announcement of a global financial reset, dollar revaluation, currency exchange-rate change, or specific reset date.

The Federal Reserve's action is a regulatory proposal concerning how FedNow participants could use intermediaries for the international portion of cross-border transactions.

The significance is the potential evolution of payment infrastructure—not a guaranteed change in currency values.

Hope, not hype. Follow the evidence.

THE BOTTOM LINE

The most important financial changes are not always announcements about currencies—they can begin with the infrastructure that determines how money moves. As FedNow potentially connects U.S. real-time payments with international banking channels, another piece of the global financial system is being redesigned from the ground up.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

1. Federal Reserve — "Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through the Fedwire Funds Service and the FedNow Service"

2. Payments Dive — "Fed mulls FedNow x-border use"

~~~~~~~~~~

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Stephanie Starr: The Gold and Silver Reset, Follow the Math

Stephanie Starr: The Gold and Silver Reset, Follow the Math

9-23-2026

Hear me out you guys….

THE $10,000 GOLD / $600 SILVER “RESET” — FOLLOW THE MATH

That new U.S. Debt Clock graphic caught my attention, so I started working backward from the numbers. And this gets interesting FAST.

The U.S. Treasury holds approximately 261.5 MILLION fine troy ounces of gold. Yet that gold is still officially carried on the government’s books at just $42.22oz.

Now revalue it to the $10,000/oz shown in the graphic:
261.5M oz × $10,000 = $2.615 TRILLION

Here’s the interesting part…

U.S. currency in circulation as of July 2026 was approximately $2.472 TRILLION. Meaning $10,000 gold would value America’s gold reserves at roughly 106% of all physical U.S. currency in circulation. Coincidence? Maybe.

But then look at SILVER.
The graphic shows $600 silver.
$10,000 ÷ $600 = 16.67
That’s roughly a 17:1 gold-to-silver ratio.

Why is that significant? Did you know America’s original Coinage Act of 1792 established a 15:1 silver-to-gold monetary ratio….

Now, important distinction:
This would NOT back the entire U.S. money supply.
Currency: ~$2.47T
Monetary base: ~$5.52T
M2: ~$23.22T

So $10K gold makes the strongest mathematical connection to physical currency in circulation, not every dollar sitting in bank accounts. And here’s another piece people shouldn’t overlook:

Congress has already seen legislation — S.954, the BITCOIN Act of 2025 — that would effectively revalue Treasury gold certificates to the fair market value of gold as part of funding a Strategic Bitcoin Reserve.

That does NOT mean $10,000 gold or $600 silver has been officially adopted. There has been no official Treasury announcement establishing those reset prices. But when you work backward from the numbers in this Debt Clock graphic…

$10,000 gold → ~$2.615T
Physical currency → ~$2.472T

Add in the historical comparison…. Suddenly those numbers don’t look completely random. I’m watching this one VERY closely.

US Debt Clock.org:  usdebtclock.org

Source(s):
• https://x.com/StephanieStarrC/status/2102542967256891468

https://dinarchronicles.com/2026/09/22/stephanie-starr-the-gold-and-silver-reset-follow-the-math/

Reset Intelligence: Washington Puts a Price on Dollar Access.

Emailed to Recaps~ Thank you David

Reset Intelligence: Washington Puts a Price on Dollar Access.

By Reset Intelligence | @EXIT_FIAT

Bessent said the sentence: fuel an Iranian jet, land it, or sell it a ticket, and you are knocked out of the dollar system. At midnight it became the rule.

Riyadh quit China's payment rail. Baghdad rationed its own dollars. Tehran walked into the UN and asked for its accounts back.

The rule with no enforcer

The US Treasury did not ground Iran's airlines. It told every fueler, ground handler and ticket desk on earth that servicing a sanctioned Iranian carrier after September 23 costs them their dollar clearing. Washington never sends an inspector. Everyone with a dollar account inspects themselves. Iran's own aviation authority cancelled its Baghdad and Muscat flights from midnight before a single aircraft was turned away, and is negotiating to keep one pilgrimage lane into Najaf. Turkey and Georgia grounded the routes. Bessent named three foreign banks cut off for handling Iranian business: Banque Misr's Dubai branch, Turkey's Golden Global, and Russia's VTB.

Everyone paid in the same 72 hours

• Saudi Arabia - quit mBridge, the China-built settlement network designed to move oil money without the dollar in the middle, restarted the East-West pipeline to Yanbu with 4 million barrels a day back on a route around Hormuz, and is being asked to co-fund a $10 billion rebuild fund with the US Treasury as senior partner.

• July 1974 - the last time Riyadh made a dollar decision this large, Treasury Secretary William Simon closed it in Jeddah and the paperwork stayed secret for 4 decades. Same kingdom, same job.

• Iran - Foreign Minister Araghchi sat 3 hours with Witkoff and Kushner and handed over three conditions that all asked for money: lift the blockade, unfreeze the assets, end the hostilities.

• Trump - deal or annihilation from the UN podium, "completely isolate Iran financially" to 12 regional leaders, and the deal "right after the election."

• Greenland - a permanent US security agreement signed the same day, Denmark's prime minister calling it a deal that lasts forever.

Baghdad rations its own dollars

The Central Bank of Iraq cut official-rate dollar access for travelers from once a month to once every 6 months and capped the cash at $2,000, keeping its reserves for trade and for defending the posted rate. The street closed near 157,000 per $100. Seven Iraqi banks have cleared the first phase of reconnection in currencies other than the dollar, with dollar business to follow after the harder compliance tests. Prime Minister al-Zaidi met ExxonMobil's chief executive after midnight in New York, and carries a request to Trump for more time on militia disarmament, a June 2027 completion agreed with the Coordination Framework before he flew. Washington's position has not moved since July. The 2027 budget, with its exchange-rate assumption line, reaches parliament October 15.

That is the short version. Why Iraq is the one country that has already been sitting Washington's dollar-access test for 2 years, what the extension request really means, and the watch list from here - that is the daily read.

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Want it straight from the horse's mouth? The CBI Rate Alert pings you the moment the Central Bank of Iraq moves the official rate. The number itself, not a rumour about it. It comes with our free resource library and the daily breakdown of what is actually moving in Iraq. Sign up free: The CBI Rate Alert

Got a dinar question? Reset Intelligence runs an on-call research assistant: ask it anything they have published. It answers in seconds and will conduct deep research to find you the answer. Try it: the Iraqi dinar research assistant

Common questions, answered straight: When will the Iraqi dinar revalue? and Is the Iraqi dinar revaluation real?

The design behind all of it is mapped in Head of the Snake, and the free guides live in the Iraqi dinar resource library.

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Iraq Economic News and Points To Ponder Late Tuesday Evening 9-21-26

Who Is Running The Iraqi Economy? A Series Of Decisions Are Being Made, And The Market Is Paying The Price For The Lack Of Vision.

Last updated: September 22, 2026   In Iraq in recent weeks, questions have been escalating regarding the management of economic and monetary files, with a succession of decisions and measures affecting the banking sector, financial transfers, liquidity, the exchange market, and the movement of funds, at a time when an informed economic source believes that some of these decisions were taken amid the absence of an integrated economic vision or a sufficient explanation of their repercussions on the market.

The source told the Independent Press Agency that the problem, according to his assessment, went beyond the issue of disagreement with a particular economic decision, to the nature of managing the economic file itself, and whether the decisions issued by the government and the central bank come within a coherent roadmap, or are separate measures taken under the pressure of developments and crises, and then their results are dealt with later.

He added that “the Iraqi market is now in a state of almost constant anticipation of the next decision,” considering that decisions that affect the movement of the dollar, transfers, cards, banks and liquidity cannot be treated as limited administrative instructions, because they are directly related to the interests of millions of citizens, merchants, companies and depositors.

According to the source, a number of economic measures during the past period were preceded by media talks and leaks, before moving to more serious stages or to implementation, which he considered an indicator that raises questions about the nature of decision-making and the mechanism for announcing it, especially since the markets are very sensitive to news related to the dollar, banks and liquidity.

He said that “when an economic decision is circulated in the market before its details are officially clarified, speculation begins on it before its implementation begins,” noting that merely talking about new restrictions or instructions may prompt traders and citizens to change their financial behavior, whether by increasing demand for the dollar, withdrawing funds, postponing transfers, or raising prices in anticipation of any possible development.

The source believes that one of the main problems lies in the lack of a detailed economic explanation accompanying some decisions, as the measure is often announced while the citizen and the merchant are left with questions about the reason for its issuance, its duration, its ultimate goal, and whether it is a temporary measure or part of a long-term policy.

These criticisms come at a time of significant transformation in the Iraqi banking system. Since 2025, the Central Bank has been implementing a comprehensive program to reform private, commercial, and Islamic banks, as well as branches of foreign banks.

This program requires banks to choose between options such as remaining in the market, merging, or exiting, while adhering to new standards related to governance, compliance, management, and risk.

In February 2026, the Central Bank announced that Iraqi banks had completed the phase of selecting these options, paving the way for an assessment of their compliance with the reform requirements.

The Central Bank presents these steps as part of a broad restructuring process for the banking sector and to enhance its ability to integrate into the global financial system, stressing that the new phase aims to strengthen governance, transparency, compliance and develop the institutional performance of banks.

However, the source believes that the scale of these transformations makes the need for calmer and clearer management even greater, because restructuring an entire banking sector has effects that are not limited to bank boards of directors, but extend to deposits, transfers, credit, trade finance, and the citizen’s confidence in the banking system.

He explained that while any broad regulatory measure may be technically necessary, the method of its implementation, its timing, and the management of its repercussions on liquidity and depositors are no less important than the decision itself.

The developments at Al-Taif Islamic Bank during September highlight the sensitivity of the banking sector. On September 8th, the Central Bank of Iraq affirmed that the rights of the bank's depositors were protected, explaining that placing it under receivership was a precautionary supervisory measure. The bank stated it was working to enhance liquidity, regulate withdrawals, and gradually fulfill obligations, prioritizing salaries deposited with it.

The source says that such cases should prompt economic institutions to treat the element of "trust" as an essential part of financial security, because news related to a bank, liquidity, or deposits can quickly have a psychological impact on other banks, even if they are not facing the same problem.

He added that the banking system does not operate on numbers alone, but also on trust, and that any shake-up in depositors’ confidence could lead to an increase in demand for cash and a move away from bank deposits, which contradicts the state’s stated goal of increasing financial inclusion and reducing reliance on cash.

Regarding liquidity, IMF reports reveal that the issue is more profound than a mere temporary shortage or surplus of cash. In its report on Iraq, the IMF noted persistently high levels of excess liquidity within the banking system, explaining that this limits the ability of monetary policy to effectively influence interest rates and credit, and calling for improved liquidity management and enhanced coordination between fiscal and monetary policy.

Here, according to the source, an important paradox emerges: there may be high liquidity at the level of the financial system as a whole, while parts of the market, some banks, or government entities face various difficulties in providing cash or managing financial flows at specific times.

He says that this difference is not adequately explained to the public, which sometimes leads to the term “liquidity” being used in a simplified way, even though liquidity in the central bank differs from the liquidity of the Ministry of Finance, and the liquidity of banks differs from the amount of cash in circulation in the hands of the public.

The IMF also noted in its assessment that the effectiveness of Iraqi monetary policy remains limited due to the weak transmission of central bank decisions to lending and deposit rates, as well as the heavy reliance on the public sector and the nature of the domestic financial system.

The source believes that this picture reveals that the crisis is not due to a single decision, but rather to an economic structure that requires higher coordination between the government, the Ministry of Finance, the Central Bank, banks, and regulatory bodies.

In another context, the Central Bank affirms that it possesses sufficient foreign reserves to meet legitimate demand for foreign currency, finance foreign trade, settle bank card payments, and process travelers' requests at the official exchange rate. In a statement issued on September 19, 2026, the Central Bank attributed the rise in the dollar's price on the local market to speculation, market expectations, and the exploitation of geopolitical circumstances, while emphasizing the continued financing of trade through established channels.

However, the source says that having high reserves alone does not prevent disruptions in the parallel market if citizens or traders face difficulty accessing dollars at the official rate or if restrictions and procedures related to obtaining them increase.

He adds that the difference between the official price and the parallel market in this case becomes an indicator not necessarily of a shortage of reserves, but rather of a gap between the real demand for currency and the ability of official channels to meet it easily and quickly.

The IMF takes a somewhat similar approach, noting in its assessment that simplifying access to foreign currency, improving customs controls, and encouraging the use of the dinar in some transactions are factors that can help reduce the gap between the official and parallel exchange rates.

The source says that addressing the exchange rate cannot rely solely on security or regulatory measures, because the demand for dollars also stems from the structure of the Iraqi economy, which is largely based on imports, and therefore any restrictions on access to foreign currency could quickly translate into commodity prices.

He added: “If the trader imports in dollars, any increase in the cost of accessing dollars will ultimately be passed on to the consumer.”

In contrast, the Central Bank points to the transfer of foreign trade financing to commercial banks and their relationships with correspondent banks, a step that the IMF considered an important development in modernizing the Iraqi financial system.

The Central Bank also announced in July 2026 that it had reached understandings allowing a number of restricted Iraqi banks to return to foreign correspondent channels in currencies other than the dollar after they met the requirements for compliance, governance and reform.

The source considers these measures to represent a fundamental shift in the Iraqi financial structure, but they require a clear transition period, because transferring the transfer system from one system to another and subjecting banks to stricter standards may lead to temporary pressures on some institutions and customers.

He argues that the problem begins when reforms that are theoretically correct are implemented without providing sufficient alternative pathways for the market during the transition period.

He adds that “reform is not measured by the strength of the decision, but rather by the economy’s ability to withstand the decision.”

This issue is all the more important given Iraq's heavy reliance on oil revenues. In a technical report issued in July 2026, the IMF indicated that the Iraqi economy faces medium-term risks related to volatile oil prices, high debt levels, and regional instability, emphasizing the importance of strengthening coordination between fiscal and monetary policies and implementing financial sector reforms.

The IMF also expects, based on its current data for Iraq, that real GDP will contract by 6.8% during 2026, with an expected inflation rate of around 3%.

The source says these indicators make the margin of error in economic decision-making narrower, because an economy that is heavily dependent on oil and affected by government spending, energy prices and regional tensions needs careful management of shocks.

He believes that the government and the central bank should move from a policy of "managing the problem after it happens" to a policy of anticipating crises before they occur.

He added that what is needed is a clear model that answers, before any decision is issued, a set of basic questions: What will happen to the dollar exchange rate? What will happen to liquidity? What will happen to banks? What will happen to traders? And how will the decision affect the prices of goods and the citizen?

The source believes that these questions are not adequately addressed in the official discourse accompanying the decisions.

The issue of coordination between the government’s fiscal policy and the central bank’s monetary policy also stands out, a point repeatedly emphasized by the IMF, particularly with regard to liquidity management, government spending, deficit financing and price stability.

The source says the central bank can use its monetary tools, but it cannot single-handedly address the imbalances resulting from government spending, weak non-oil revenues, a high payroll, or weak domestic production.

Conversely, the government cannot manage economic policy in isolation from the impact of its decisions on liquidity, the exchange rate, and the central bank's reserves.

Hence, the source believes that the real problem is not the multiplicity of institutions, but rather the extent to which there is an “economic command room” capable of unifying decisions and setting priorities.

Regarding the state-owned banks, the IMF indicated that reforming Rafidain and Rasheed banks remains a key issue, with the need to address non-performing loans, capital shortages, governance, and digital infrastructure.

The source believes that any reform of the private banking sector will not achieve its full results if the state-owned banks, which dominate a large part of financial activity, remain in need of deep restructuring.

He says that the private banking sector today faces compliance, oversight, merger, or exit requirements, while reforming the state banking structure remains a parallel challenge that cannot be ignored.

The source asks: "Is the goal to actually build a competitive banking system, or just to rearrange the names of existing banks?"

In his view, true reform should be reflected in the citizen's ability to easily open an account, transfer funds, obtain credit, use his card locally and internationally, and feel secure when depositing his money.

If restrictions increase, procedures become more complicated, and access to funds decreases, citizens may revert to keeping cash outside the banking system, which is the opposite of what the state is trying to achieve.

The source also warns of the impact of repeated decisions on the private sector, explaining that investors need a predictable environment, and that any continuous change in banking, tax, customs or transfer instructions makes calculating future costs more difficult.

He says that capital “fears uncertainty more than it fears difficult decisions,” because an investor can adapt to strict rules if they are clear and stable, but finds it difficult to operate when the rules change frequently.

He points out that economic reform also requires greater transparency in data dissemination, not just advertising.

The source suggests that major economic decisions should be accompanied by an “economic impact paper” that explains to citizens and markets the reasons for the decision, its objective, the expected timeframe for its implementation, the sectors that will be affected by it, and the results that the government or the central bank will consider as a benchmark for its success.

It also calls for the publication of a subsequent evaluation of each decision to see whether the actual results matched expectations.

He adds: "If the results of the decision are not measured, how can we know that it was successful?"

At the same time, it cannot be ignored that the Central Bank operates within a complex financial environment related to international compliance, anti-money laundering and counter-terrorism financing, and the relationships of Iraqi banks with correspondent banks around the world.

The Central Bank has confirmed that its reforms aim to reintegrate Iraqi banks into the international financial system and develop their ability to carry out cross-border transfers in multiple currencies.

But the source believes that the challenge is not choosing between “reform” and “not reforming,” but rather between organized and well-thought-out reform and reform that may have a high transitional cost if it is not managed properly.

To consider any objection to the implementation mechanism as a rejection of reform as an oversimplification of the problem, because the market and the citizen have the right to know the cost of the reform, its timetable and the expected results from it.

In conclusion, recent developments reveal that Iraq is facing a sensitive economic phase in which the issues of banking reform, liquidity, the dollar, government spending, dependence on oil, and international financial relations are intertwined.

While official institutions assert that the current measures aim to build a more efficient, transparent banking sector capable of integrating into the global financial system, critics argue that the speed of the transformations and the multiplicity of decisions require a higher level of coordination, explanation, and transparency.

The question posed by the source remains: Who has a complete economic vision for Iraq?

Is there a clear plan linking the decisions of the Central Bank with those of the Ministry of Finance, the government, trade, customs, and banks, or does each institution operate within its own sphere of influence, and then the market is later asked to bear the consequences?

The source concludes by saying that Iraq does not need more decisions as much as it needs “one comprehensive economic decision in one direction,” because the economy is not managed by experimentation, and the citizen, the merchant, and the bank should not be a testing ground for policies.

Ultimately, the decision can be amended, and new instructions can be issued, but trust, once damaged, is much more difficult to restore.

The question that will remain for the government and the central bank during the next stage is: Are the decisions driven by a clear economic vision, or are the decisions driven by crises

https://mustaqila.com/من-يدير-الاقتصاد-العراقي؟-قرارات-متلا/

Seeds of Wisdom RV and Economics Updates Wednesday Morning 9-23-26

Good Morning Dinar Recaps,

U.S. PAYMENT RESET WATCH: BANK-ISSUED STABLECOIN GOES LIVE ACROSS MASTERCARD'S $25 BILLION CARD PROGRAM

SoFi Bank and Mastercard have moved bank-issued stablecoin settlement from development into live operation, connecting blockchain-based money movement with an established global card network.

OVERVIEW

• SoFi Bank and Mastercard have launched live stablecoin settlement across SoFi’s debit and credit card program, with the program expected to process more than $25 billion in annualized volume using SoFiUSD.

• SoFiUSD, a U.S. dollar stablecoin issued by the nationally chartered SoFi Bank, is being used behind the scenes to settle transactions on Mastercard’s global payments network while consumers and merchants can continue using the familiar card system.

• The development represents a significant step in connecting traditional banking, blockchain settlement, stablecoins and global payments infrastructure, while broader uses such as cross-border payments and additional merchant settlement remain areas for further expansion.

KEY DEVELOPMENTS

1. Stablecoin settlement moves into live production

SoFi and Mastercard announced that stablecoin settlement is now live across SoFi Bank’s debit and credit card program.

The program is expected to process more than $25 billion in annualized volume, meaning this is no longer simply a small-scale blockchain experiment. The companies are moving an existing payments operation onto stablecoin settlement infrastructure.

The settlement token is SoFiUSD, a U.S. dollar stablecoin issued by SoFi Bank, N.A., a nationally chartered bank regulated by the Office of the Comptroller of the Currency.

SoFiUSD is designed to be redeemable 1:1 for U.S. dollars and is supported primarily by cash reserves. SoFi also makes clear that SoFiUSD itself is not a bank deposit, is not FDIC or SIPC insured, is not bank-guaranteed and is not legal tender.

That distinction is important as the financial system develops new forms of digital money.

2. The blockchain operates underneath familiar card payments

Consumers do not need to change the way they use their SoFi cards.

The significance is occurring at the settlement layer.

Rather than requiring consumers or merchants to directly use cryptocurrency, the blockchain-based stablecoin infrastructure operates behind the existing card-payment experience.

SoFi says merchants can receive settlement funds through its banking platform and withdraw them into cash, while the underlying settlement process uses SoFiUSD.

This creates an important bridge:

Traditional Cards → Bank-Issued Stablecoin → Blockchain → Settlement → Bank Account

The technology is being inserted into existing financial infrastructure rather than requiring the entire financial system to be replaced.

3. Mastercard is building stablecoins into its broader settlement infrastructure

The SoFi launch follows Mastercard’s broader move to provide stablecoin settlement options across its global network.

In June, Mastercard announced plans to support regulated stablecoins including USDC, PYUSD, USDG, USDP, RLUSD and SoFiUSD, along with settlement on multiple blockchain networks.

Mastercard said the expanded settlement capabilities are intended to give issuers and acquirers greater flexibility over when and how transactions settle, including intraday, weekend and holiday settlement options.

That has implications for liquidity management because conventional financial settlement often operates according to banking and market schedules.

Blockchain-based settlement can potentially operate continuously.

4. The focus is shifting from crypto payments to financial settlement

One of the most important distinctions in this development is that stablecoins are not necessarily being positioned as replacements for traditional cards.

Instead, they are increasingly being used as settlement infrastructure behind traditional payment systems.

Mastercard's stated strategy is to allow digital assets and traditional payment systems to operate alongside one another. Its March agreement with SoFi specifically described the goal as connecting regulated stablecoins with traditional forms of money and exploring applications such as cross-border remittances and business-to-business transfers.

That suggests an evolving model:

Fiat Money + Stablecoins + Tokenized Assets + Blockchain Rails + Traditional Payment Networks

The financial system does not necessarily have to choose between the old infrastructure and the new infrastructure.

The two can increasingly become interconnected.

5. Cross-border payments could become the next major application

SoFi and Mastercard said they will explore additional uses for SoFiUSD, including cross-border payments, remittances and other money-movement applications.

These applications are particularly important because international payments can involve multiple banks, currencies, intermediaries and settlement schedules.

Stablecoins potentially allow value to move on blockchain networks while remaining denominated in a familiar national currency such as the U.S. dollar.

That creates another important financial-system chain:

Dollar → Stablecoin → Blockchain → Cross-Border Payment → Settlement

The technology does not eliminate the role of the dollar. Instead, it can create new digital rails through which dollar-denominated value moves.

6. The development strengthens the connection between banking and digital assets

SoFiUSD is being issued by a regulated national bank rather than solely by a standalone cryptocurrency company.

That is significant because it demonstrates how commercial banking institutions can become issuers and operators within digital-asset infrastructure.

Mastercard's broader settlement initiative also includes multiple regulated stablecoins and blockchain networks, showing that the emerging system may involve interoperability among banks, payment networks, stablecoin issuers and tokenized financial assets.

The larger transition is therefore not simply:

Banking → Crypto

It is increasingly:

Banking + Digital Assets + Blockchain + Payments

WHY IT MATTERS

The most important part of this development is not that a new cryptocurrency payment option has appeared.

It is that blockchain-based settlement is being placed underneath an established financial network that already processes enormous amounts of payment activity.

That is a very different stage of adoption.

• The consumer may not even notice the technological change.

• The infrastructure underneath the transaction is what is changing.

This is consistent with a broader financial-system transformation in which traditional money, tokenized assets, stablecoins and blockchain networks increasingly operate together.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders following the Global Reset, the important issue is the infrastructure surrounding currencies.

A currency's international usefulness depends partly on how efficiently it can be:

• Transferred

• Settled

• Tokenized

• Used for cross-border payments

• Connected to financial institutions

• Integrated with digital payment networks

The SoFi-Mastercard development does not mean the dollar is being replaced, nor does it announce a currency revaluation.

In fact, this particular development demonstrates something different: the existing U.S. dollar is being connected to new digital settlement infrastructure.

That is important because the future financial system may involve national currencies moving through increasingly digital and programmable rails.

Hope, not hype. Follow the evidence.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Payments

Stablecoin settlement can provide another way for financial institutions to move and settle dollar-denominated value.

• Pillar 2: Technology

Blockchain is moving beyond cryptocurrency trading and into the settlement layer of mainstream financial transactions.

• Pillar 3: Banking

A nationally chartered bank issuing a stablecoin demonstrates how regulated banking institutions can participate directly in digital-money infrastructure.

• Pillar 4: Currencies

The development shows how the U.S. dollar can be incorporated into new digital payment rails without requiring the currency itself to change.

• Pillar 5: Global Settlement

Mastercard's expansion of stablecoin settlement creates potential infrastructure for faster and more flexible movement of money across borders and outside traditional banking schedules.

THE GLOBAL RESET CONNECTION

The developing sequence is:

Bank → Stablecoin → Blockchain → Card Network → Settlement → Liquidity → Cross-Border Payments → Digital Financial Infrastructure

This is why the development belongs on the Global Reset Watch.

• The financial system does not necessarily change through one dramatic event.

• It can change through thousands of infrastructure decisions that gradually alter how money moves, how assets settle and how financial institutions connect with one another.

• The SoFi-Mastercard launch is one documented example of that process moving from concept to live operation.

RUMOR SAFETY REMINDER

This development is not an announcement of a global currency reset, dollar revaluation or replacement of traditional currencies.

The stablecoin settlement system is live for SoFi's card program, but broader applications—including additional merchant, cross-border and remittance uses—remain areas of ongoing development and are subject to regulatory considerations.

Our Reset Watch follows documented changes in financial infrastructure. It does not predict reset dates or guarantee future currency values.

Watch the evidence. Follow the infrastructure. Hope, not hype.

THE BOTTOM LINE

SoFi and Mastercard have moved bank-issued stablecoin settlement into live operation across a card program expected to process more than $25 billion annually, demonstrating how blockchain-based settlement can begin operating inside established financial infrastructure.

The bigger story is not simply that another stablecoin has launched—it is that traditional banking, digital dollars, blockchain networks and global payment systems are beginning to operate as connected pieces of the same financial architecture.

When the rails that move money begin to change, the evolution of the global financial system is already underway beneath the surface.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

1. SoFi — "SoFi Becomes First National Bank to Go Live with Stablecoin Settlement across Mastercard’s Global Payments Network"

2. Mastercard — "Mastercard expands settlement capabilities to include stablecoin, intraday, holiday and weekend options"

~~~~~~~~~~

 🌱 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

"Chuck The Debt In The Fire" Is Officially A Real Solution

"Chuck The Debt In The Fire" Is Officially A Real Solution

Notes From the Field By James Hickman (Simon Black / Sovereign Man) September 9, 2026

It's so simple, how could no one have thought of this before?  The man currently polling in second place to become the next President of France has put forward an ingenious solution to tackling France's national debt, currently standing at around 117% of the country's GDP.

Jean-Luc Mélenchon says, "All we have to do is take the 18% held by the Bank of France and chuck it in the fire."

This is the guy who has a real shot at running the second-largest economy in the eurozone, and he's telling voters that roughly €636 billion of what their government owes can simply be erased.

And the voters like the sound of it. Of course they do, who doesn’t love getting something for nothing?

Quick economics lesson for the brilliant man who wants to lead France: the Bank of France bought those bonds with euros it created for the purpose… the European Central Bank's own explainer says buying bonds "creates money in the banking system."

Normally those euros come back out of circulation as the debt gets repaid. Mélenchon's plan skips that part: the government ‘throws the debt in the fire’ and doesn’t pay it back. So the central bank eats the loss... meaning that the €636 billion conjured out of nothing stays in the system.

This creates inflation, plain and simple.

Goods and services cannot be created out of nothing. Euros can. So when there’s suddenly more money in the system relative to the same amount of goods and services, the end result is inflation.

The other obvious implications is that France would still owe the rest of its debt... and those lenders will have seen that France is willing to default. I wonder what that would do to French bond yields?

Or maybe they’ll rest easy with Mélenchon’s assurance that “I’m not going after private creditors, not at this step in any case.”

Why do French voters even care about the national debt? Because they’ve been feeling the consequences of idiotic fiscal policy for years.

Interest alone costs the French government more than its entire defense budget. There's no taxing their way out, either: the French are already the second-most-taxed people in the developed world, at about 44% of GDP.

So every fix takes some benefit away from taxpayers. Last year's plan canceled two public holidays, froze pensions, and cut civil-service jobs... and the prime minister who proposed the solutions was thrown out.

The plan before that raised the retirement age from 62 to 64 brought the biggest protests France had seen in decades; that plan has now been suspended to keep the current government alive.

Meanwhile, growth was less than 1% last year, and unemployment is at its highest since 2020.

And here comes Mélenchon with a plan that costs nobody anything: delete a portion of the debt and go back to spending as if everything is OK.

However dumb the solution, at least the French are talking about the problem.

The US government crossed $40 trillion in debt last month. That's roughly 123% of GDP, worse than France.

America gets away with it, for now, because the dollar is still the world's reserve currency. Central banks hold a lot of their strategic financial reserves in US Treasury bonds, so Congress has always had a line of foreigners waiting to lend it money no matter how large the deficit.

But that line of foreigners is now getting shorter. Foreign holdings of Treasuries fell by $72 billion in June alone, China's are at their lowest since 2008, and so far this year foreigners have bought just 7% of the new debt the US government issued.

The reasons aren't a mystery: a dysfunctional government that can’t even pass a budget or eliminate fraud from its spending, while increasingly weaponizing access to the US dollar system. 

When the foreign buyers stop showing up, America finds itself with France's problem. Automatic cuts to Social Security are only six years away. Interest on the debt is already larger than the defense budget.

Extreme government spending is already pushing inflation higher... and socialists are everywhere now promising to spend even more.

These people genuinely believe that money is something you can conjure out of thin air with no consequence.

But whether they cancel the debt, or simply continue to ignore it, the consequence ultimately comes back to inflation.

That’s because conjuring money out of thin air, or borrowing from future generations to spend today, doesn't produce one more barrel of oil, one more bushel of wheat, or one more pound of copper. It just produces more euros and dollars.

America has been here before.

Through the 1970s the US government ran deficits for Vietnam AND a historic expansion of welfare spending... then cut the dollar's last link to gold in 1971. They created new money to cover the difference.

Consumer prices doubled over the decade, and the Dow finished 1979 where it started 1970, which after inflation was a loss of about half in real terms.

Meanwhile, gold went from $35 an ounce to $850. And oil went from about $3.40 a barrel to nearly $30. The world’s most important (and scarce) resources not only held their value, but they dominated. And the companies that produced them did far better.

Over roughly the same stretch, Barron's index of gold mining stocks rose more than 1,200% while the S&P 500 managed 43%.

The new money has to go somewhere, and it flows into whatever the government cannot create more of.

Today, a lot of the companies that produce those real assets like metals, energy, food, and the ships that carry them, are still cheap.

We find them for subscribers of our investment research newsletter, Strategic Assets.

Gold and silver moved first, as central banks started diversifying out of the dollar. A small silver producer we featured in April 2025 rose more than 10x in ten months. A gold producer has gone up 5x, yet it's earning money so fast that the stock is cheaper against its earnings today than the day we wrote it up. It pays a dividend, too.

Now the rest is showing life. A zinc producer we featured is up more than 150% in under a year. A tin miner is up more than 230% and trading at all-time highs. Two oil tanker owners we bought when nobody wanted them are up more than 150% and 110%, and one just reported the best quarter in its history.

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

https://www.schiffsovereign.com/investing/chuck-the-debt-in-the-fire-is-officially-a-real-solution-155817/?inf_contact_key=629bd8efeadbf2d2b525eeae955fd48e6844fcd1a35a326ef37e2a26408e3ff1

MilitiaMan & Crew: What’s Happening with the Iraqi Dinar? Daily News & Analysis

MilitiaMan & Crew: What’s Happening with the Iraqi Dinar? Daily News & Analysis

9-22-2026

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

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

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

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

https://www.youtube.com/watch?v=SkGFXh8Y3vU

Iraq Economic News and Points To Ponder Tuesday Afternoon 9-22-26

CBI currency sales drop $18.5B in eight months

2026-09-22 Shafaq News- Baghdad   The Central Bank of Iraq's (CBI) foreign currency sales fell 34.5% year-on-year to about $35.27 billion in the first eight months of 2026, down from roughly $53.83 billion during the same period in 2025, according to CBI data.  The CBI sold about $3.697 billion in foreign currency in August, including $270 million in cash sales and $3.427 billion to boost banks' balances abroad.

Foreign currency sales reached $5.662 billion in July and $5.857 billion in June, compared with $5.092 billion in May, $4.559 billion in April, $3.388 billion in March, $4.133 billion in February and $2.883 billion in January.

https://shafaq.com/en/Economy/CBI-currency-sales-drop-18-5B-in-eight-months

Saudi East-West Pipeline Resumes Operations

2026-09-22 Shafaq News- Riyadh   Saudi Arabia on Tuesday restarted its East-West oil pipeline after a nine-day shutdown caused by drone attacks, restoring a key route used to bypass disruptions in the Strait of Hormuz, three sources briefed on the matter told Reuters.

The pipeline was initially operating at a low rate, two sources said, while Saudi Aramco was seeking to restore flows to about 4 million barrels per day (bpd), around 4% of global oil supply. One security source estimated that a full resumption could take weeks.

The September 13 attacks had shut the pipeline and halted crude loadings at the Red Sea port of Yanbu. Since oil flows through the Strait of Hormuz were disrupted following the US-Israeli war on Iran, Saudi Arabia has used the route to move about 4 million bpd to Yanbu.

Crude supply to Aramco’s Red Sea refineries will also resume, with a cargo bound for China scheduled to load at Yanbu later on Tuesday. Tankers were being moved to Egypt’s Port Said for ship-to-ship transfers and also to Sidi Kerir ahead of renewed Saudi loadings, two trading sources told the agency.

The restart helped drive selling in global oil markets, traders said, with Brent crude futures falling more than $2 a barrel to their lowest level since September 8.

https://shafaq.com/en/Economy/Saudi-East-West-pipeline-resumes-operations

Oil Climbs As Traders Await US-Iran Developments

2026-09-22 Shafaq News   Oil prices gained for the first time in five ​sessions on Tuesday as investors awaited developments on potential US-Iran talks at the United Nations General Assembly ‌this week after more supplies emerged through the Strait of Hormuz over the weekend.

The Brent crude futures November contract rose $1.14, or 1.1%, to $101.48 a barrel at 0317 GMT. The WTI October contract, which expires on Tuesday, climbed 87 cents, or 0.9%, to $96.65 a barrel.

The more ​actively traded November contract was up 85 cents, or 0.9%, at $93.22 a barrel.

Tehran and Washington exchanged threats on Sunday, ​though US President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, ⁠who is expected to be in New York this week for the UN meeting.

"The move higher in WTI and the ​stronger open in Brent have the appearance of a typical short-covering bounce after the recent decline, rather than a fundamental ​shift," said Tim Waterer, chief market analyst at KCM Trade.

"Traders who were positioned for further downside are taking some risk off the table while the diplomatic narrative plays out."

Over the weekend, Iran also conveyed its conditions to mediators for re-engaging in negotiations, Al Jazeera reported, citing ​Iran's security chief, Mohsen Rezaei.

Waterer said oil prices were likely to remain range-bound and sensitive to headlines until there ​was either clear progress or a setback in diplomatic efforts between the US and Iran.

Middle East tensions remained elevated after Yemen's Iran-backed Houthis ‌said they ⁠attacked Riyadh and a Saudi Aramco facility in Yanbu and stepped up efforts to cut off Saudi-backed forces from the Red Sea coast.

China has privately urged Tehran to help curb attacks by the Houthis, three Iranian sources said, after Saudi Arabia appealed to Beijing following a recent surge in the group's military operations.

Saudi Aramco has increased exports through the Strait ​of Hormuz after attacks on ​its East-West Pipeline forced it ⁠to halt some shipments through Yanbu. Around 14 million barrels of its crude oil were loaded on seven supertankers inside the Gulf on Sunday, tanker tracking data showed.

"Supply concerns are ​easing as shipments through the Strait of Hormuz reach a six-month high and Saudi Arabia ​works to ⁠restore its East-West pipeline...Crude implied volatility eased 3.3% to 50.39, although it remains historically elevated," said Saxo Bank analysts in a client note.

Separately, an armed group closed valve seven on Libya's Sharara crude pipeline to Zawiya port on Monday, resulting in a significant ⁠decline in ​production at the Sharara oilfield, Libya's National Oil Corporation said in ​a statement.

Production at the field has fallen by around 200,000 barrels per day and is currently between 100,000 and 105,000 bpd, two engineers at the ​field told Reuters.   (Reuters)

https://shafaq.com/en/Economy/Oil-climbs-as-traders-await-US-Iran-developments

Basrah Crudes Slip Despite Global Benchmark Gains

2026-09-22 Shafaq News- Basrah   Iraq’s Basrah crude prices remained above $90 a barrel on Tuesday, while global oil benchmarks moved higher.

Basrah Heavy stood at $90.27 a barrel, while Basrah Medium was priced at $93.57.

The two grades had each fallen $0.80 in their previous trading session, with Basrah Heavy down 0.88% and Basrah Medium 0.85%.

Global oil prices rose on Tuesday as investors awaited potential US-Iran talks at the UN General Assembly.

Brent crude climbed above $101 a barrel, while US West Texas Intermediate also gained in early trading.

https://shafaq.com/en/Economy/Basrah-crudes-slip-despite-global-benchmark-gains

IMF, World Bank Revise Debt Risk Assessments

2026-09-21 Shafaq News- Washington   The International Monetary Fund (IMF) and World Bank are revising their debt assessment framework for low-income countries following its first review since 2017, with the updated system expected to take effect in the second half of 2027, the IMF said on Monday.

According to the IMF, debt risks have become more complex since the previous review, with debt levels rising in many low-income countries and governments increasingly borrowing from domestic and foreign sources on commercial terms.

The changes will sharpen the distinction between countries facing debt stress and those whose debt is considered unsustainable. They will also refine how debt-carrying capacity is measured and expand the thresholds and tools used to identify risks.

Greater attention will also be given to domestic debt and long-term pressures, including development needs and climate adaptation. The IMF said the changes should help governments assess how much fiscal space they have for investment while managing debt vulnerabilities.

Other measures include stronger stress tests and tools to assess the accuracy of economic forecasts. The framework will encourage countries to improve the coverage, transparency and reliability of public debt data.

IMF Executive Directors broadly supported the changes but called for clear guidance, communication and training before implementation. Most directors also backed temporarily withholding the probability thresholds and country-specific mechanical signals generated by a new model for assessing unsustainable public debt while the IMF gains experience with the methodology.

The review kept the harmonized discount rate used under the LIC-DSF and the IMF's Debt Limits Policy unchanged at 5%.

Introduced in 2005, the framework guides IMF and World Bank assessments of debt risks in low-income countries and informs lending, fiscal policy and public debt management. It underwent previous reviews in 2006, 2009, 2012 and 2017.

https://shafaq.com/en/Economy/IMF-World-Bank-revise-debt-risk-assessments

Iraq Is Preparing To Launch A Strategic Project For Steel Industries

Money and business   Economy News — Baghdad   The Ministry of Industry and Minerals announced on Tuesday the launch of the second phase of a strategic project for steel industries, with the aim of enhancing the production of rebar locally and providing multiple types and sizes of it to meet the needs of the local market.

The Director of the General Company for Steel Industries at the Ministry, Ahmed Hamed Zainuddin, said that "the rolling and continuous casting project for steel industries consists of two phases, the first of which includes the project of continuous arc casting, which completed the development and modernization of its production lines in accordance with the latest technologies and technological methods, during the month of May of 2024, which contributed to enhancing its operational capacities."

He added that "the said project currently produces 600 thousand tons per year of pallet, and is the primary and basic material for the operation of the rolling project, which he stressed that providing it locally will contribute to support the production chain and reduce the need to import raw materials in the rebar industry."

He pointed out that the second phase of the project, which will be opened soon, will allow the production of rebar with various measurements required in the local markets, starting from 8 to 44 mm, with a production capacity of about 400 thousand tons per year, as well as the production of about 200 thousand tons per year of industrial iron.

He stressed that "the project represents an important step in supporting the industrial sector and enhancing its ability to meet part of the local demand for iron products, as well as providing the market with a local product according to the required specifications, which enhances the presence of the national industry in the market and reduces dependence on imported products."

He pointed out that "the operation of the project in its various stages will not be limited to increasing local production, but will contribute to the revitalization of sectors related to the iron and steel industry," stressing that "the company is continuing to complete the technical and operational requirements of the project in preparation for the start of commercial production, in line with government plans to qualify and operate industrial projects and increase the production capacities of public companies."

https://www.economy-news.net/content.php?id=74214