Iraq Economic News and Points To Ponder Saturday Morning 10-10-26

The Government Chose The Fastest Route, Not The Best One," Masoud Haider criticizes the exchange rate change, asserting that reforming the customs and tax system can generate double the revenue

Baghdad - One News   Former Deputy Minister of Finance, Masoud Haider, criticized the Iraqi government's decision to change the dollar exchange rate, considering that resorting to reducing the value of the dinar is the fastest measure to provide financial liquidity and ensure the continued operation of state institutions, but it is not the best economic option, given the existence of alternatives capable of generating greater revenues without imposing additional burdens on citizens.  

Haider said that addressing the financial crisis requires a comprehensive review of the external import file, revealing the amount of money that government agencies and the private sector spend annually on imported goods and merchandise, as well as determining the value of customs exemptions granted to companies and institutions linked to the government sector.  

He questioned why the government was not moving towards controlling border crossings, canceling unnecessary customs exemptions, and activating tax collection on companies, stressing that these measures could provide revenues up to double the amounts expected to be achieved from changing the exchange rate.  

He explained that the government, according to his estimates, seeks to save about 14 trillion dinars as a result of adjusting the dollar exchange rate, questioning whether the concerned authorities have conducted economic studies of alternatives capable of generating greater financial resources, instead of relying on reducing the value of the national currency.  

Haider pointed out that changing the exchange rate does not lead to an increase in the volume of oil revenues in dollars, but rather raises their accounting value when converted to dinars, considering that the volume of foreign currency flowing into Iraq remains linked to the quantities of oil exported and its prices in global markets.  

He warned of the social and economic repercussions of the decision, noting that, according to his estimates, low-income earners constitute about 80 percent of Iraqis, and predicting a decline in their purchasing power of up to 15 percent, in addition to rising prices of goods and commodities in local markets.  

He explained that Iraq’s extensive reliance on imports, and the lack of sufficient local alternatives for many products, make the decline in the value of the dinar an additional factor in increasing the cost of living, especially for low- and middle-income families.  

The former Deputy Minister of Finance called on the government to raise customs duties on most imported food items that represent the basic daily needs of citizens, with the aim of reducing price increases and alleviating the living pressures resulting from the change in the exchange rate.  

He pointed out that reducing tariffs on basic goods would in turn reduce customs revenues, considering that this paradox reflects the need for a more in-depth study of the financial and social repercussions before making broad monetary decisions.  

Haider stressed that adjusting the exchange rate may provide the government with additional resources in dinars to help it finance public expenditures, but it does not address the structural imbalances in the Iraqi economy, nor does it represent a substitute for reforming the tax and customs systems and enhancing non-oil revenues.  

He stressed the need for the decision to be followed by an integrated economic program that includes supporting national products, encouraging local industries, regulating imports, activating economic laws, and providing a suitable environment for investment and production.  

Haider concluded that managing the financial crisis should not rely solely on changing the dollar exchange rate, but requires reforms that address the root causes of weak revenues and curb waste, stressing that the quickest way to secure funds is not necessarily the best course of action for the economy and citizens. https://1news-iq.net/الحكومة-اختارت-الطريق-الأسرع-لا-الأف/

Economic Experts Told One News: The White Paper Was Not Just A Plan To Save Iraq From The 2020 Crisis, But A Strategic Project That Could Have Spared The Country Its Current Financial Crisis

Baghdad - One News   Economic experts confirmed to “One News” that the White Paper for Economic Reform, launched by the government of former Prime Minister Mustafa Al-Kadhimi in 2020, was not merely a temporary response to the financial crisis that Iraq faced at that time, but rather represented a comprehensive strategic project to restructure the national economy and address the accumulated imbalances in the management of resources and public expenditures.

Experts explained that Iraq faced one of its most severe financial crises during 2020, as a result of the collapse of oil prices and the decline in public revenues, which put the government in front of major challenges in securing salaries and financial obligations, before the following years witnessed a remarkable improvement in the financial situation and an increase in cash reserves.

They pointed out that during the Al-Kadhimi government phase, Iraq moved from a severe financial crisis to recording large financial surpluses, with estimates circulating regarding the financial surplus reaching about 150 trillion dinars, in addition to the improvement in the Central Bank’s reserves of foreign currency and gold, stressing that evaluating these results requires taking into account the rise in global oil prices during that phase.

The experts explained that the real importance of the White Paper was not limited to addressing the immediate crisis, but was represented in setting long-term reform paths, which included diversifying non-oil revenue sources, reducing dependence on oil exports, reforming the banking sector and the financial system, supporting the private sector, improving the investment environment, as well as addressing the situation of loss-making government companies, reforming salary and pension systems, and strengthening governance and financial management.

They added that the full implementation of these reforms, in conjunction with investing financial surpluses in productive and developmental projects, could have enhanced Iraq’s ability to cope with fluctuations in oil prices, reduced pressures on the general budget, and lessened the need to take financial measures that affect the purchasing power of citizens.

Experts pointed out that the current economic crisis raises questions again about the fate of the reforms included in the White Paper, and the extent to which successive governments have committed to implementing them, especially with regard to restructuring public spending, maximizing non-oil revenues, and revitalizing productive sectors.

They stressed that Iraq’s possession of large financial resources is not enough on its own to achieve economic stability, unless it is coupled with sustainable institutional reforms and fiscal policies capable of transforming oil revenues into sources of long-term growth.

The experts concluded that the White Paper represented an opportunity to bring about a structural transformation in the Iraqi economy, and that the full implementation of its objectives would have enhanced financial stability and prepared the country to become an important economic and investment hub in the region, instead of continuing to be exposed to crises with every decline in oil revenues.   https://1news-iq.net/خبراء-اقتصاديون-لـوان-نيوز-الورقة-ا/

Al-Moussawi: Mps Will Boycott Parliamentary Sessions To Prevent The Passage Of The Exchange Rate Decision

Last updated: October 8, 2026   Al-Mustaqilla/Ali Al-Nasrallah/... MP Hamid Al-Moussawi, representing the holy city of Karbala, announced today, Thursday, the parliamentary and popular rejection of the new exchange rate decision, stressing that it was made without the approval of the Council of Representatives.

Al-Moussawi told Al-Mustaqilla in a press statement that MPs will resort to breaking the quorum in the sessions to prevent its passage, emphasizing that the government will not be allowed to make decisions that affect the livelihood of citizens without consulting Parliament and obtaining its prior approval.  https://mustaqila.com/الموسوي-النواب-سيقاطعون-جلسات-البرلم/

Central Bank: The Dollar Will Remain At 1,500 Dinars And Will Not Change Unless The Budget Changes

A parliamentary source reported that the Governor of the Central Bank of Iraq informed the members of the Parliamentary Finance Committee that it was not possible to change the dollar exchange rate set at 1,500 dinars, due to its connection to the accounts and tables of the general budget for the year 2027.  

Shafaq News Agency quoted the source as saying that the governor confirmed that any amendment to the exchange rate would require changing all the budget schedules and items that were prepared on the basis of the new rate.

The source added that the Minister of Finance and the Governor of the Central Bank did not attend the House of Representatives building, despite the parliamentary moves to discuss the repercussions of raising the exchange rate and its repercussions on the markets and the purchasing power of citizens

Our correspondent also reported that there is no truth to holding a meeting between the Governor of the Central Bank and the Finance Committee inside Parliament this morning regarding the dollar exchange rate, and the meeting was postponed at the request of the Finance Committee.   https://1news-iq.net/البنك-المركزي-الدولار-سيبقى-عند-1500-دينا/

Seeds of Wisdom RV and Economics Updates Saturday Morning 10-10-26

Good Morning Dinar Recaps,

INDIA RESET WATCH: RBI TAKES NEW STEPS TO DEFEND THE RUPEE AS DOLLAR PRESSURE MOUNTS

India’s central bank is redirecting major oil companies’ dollar purchases and tightening foreign-exchange rules as rising energy costs and global financial pressures push the rupee toward record lows.

OVERVIEW

• The Reserve Bank of India (RBI) announced a special dollar-supply facility for three state-owned oil companies to reduce their demand for dollars in the open currency market.

• New restrictions target excessive foreign-exchange speculation and hedging, including a sharp reduction in the transaction threshold for certain derivatives without proof of underlying exposure.

• The rupee remains under pressure from elevated oil prices, capital-flow concerns and rising global bond yields, demonstrating the challenges facing countries dependent on imported energy.

KEY DEVELOPMENTS

1. RBI Opens a Special Dollar Window for Oil Companies

On October 10, the Reserve Bank of India announced a special facility to meet the daily dollar requirements of three state-owned oil marketing companies: Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum.

The arrangement is scheduled to begin October 12 and will remain in place until further notice.

Under the facility, the RBI will supply dollars through designated banks, allowing the companies to obtain the foreign currency they need without making all those purchases in the open spot market.

This matters because India imports most of its crude oil, creating substantial demand for dollars. When oil prices rise, importers generally need more dollars to pay suppliers, potentially adding pressure to the rupee.

By redirecting this demand, the RBI hopes to reduce market volatility. However, supplying dollars directly from foreign-exchange reserves can also put additional pressure on those reserves.

2. New Rules Target Foreign-Exchange Speculation

The RBI also announced tighter rules for rupee-linked foreign-exchange derivatives.

Among the measures, it reduced the threshold for certain derivative transactions that can be undertaken without establishing an underlying exposure from $100 million to $5 million.

The central bank also introduced a foreign-exchange risk reserve requirement for eligible derivative contracts exceeding $2 million that hedge specified current-account exposures. Authorized dealers must maintain a reserve equivalent to 20% of the transaction’s notional amount under the applicable rules.

The measures are intended to discourage excessive positions, strengthen documentation and limit activity that could intensify one-way pressure on the rupee.

These steps do not eliminate legitimate demand for foreign currency. Instead, they seek to make certain transactions more costly and ensure that derivative activity is supported by appropriate exposure and risk management.

3. Currency Pressure Reflects Broader Economic Forces

The rupee has depreciated more than 7% against the U.S. dollar in 2026, according to Reuters, and remains near record lows despite earlier central-bank intervention and a recent interest-rate increase.

Several pressures are contributing to the situation:

• Energy costs: Higher oil prices increase India's dollar requirements for imports.

• Capital flows: Foreign investment movements can influence demand for rupees and dollars.

• Global interest rates: Higher yields abroad can make dollar-denominated investments more attractive relative to some emerging-market assets.

• Market expectations: Importers and investors seeking protection against further currency weakness can add to demand for dollars.

The RBI’s latest measures may moderate volatility, but they cannot independently resolve these underlying pressures.

The coming days will provide an important test of whether the new arrangements can ease dollar demand without placing excessive strain on India's foreign-exchange reserves.

WHY IT MATTERS

India’s response illustrates how central banks can use more than interest rates to manage currency instability.

They can also intervene in foreign-exchange markets, adjust derivatives rules, redirect large importers’ dollar purchases and influence how financial institutions manage currency exposure.

These tools are particularly important when a country faces several pressures at once, such as higher energy costs, capital outflows and a strong U.S. dollar.

The broader lesson is that currency stability depends on the interaction of monetary policy, international trade, capital flows and market confidence. No single policy measure can guarantee a lasting recovery.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders following the Global Financial Reset, India’s actions offer a practical example of how governments and central banks respond when their currencies face sustained pressure.

The measures demonstrate that exchange-rate management can involve changes to market structure and financial rules—not simply interest-rate decisions.

They also highlight an important distinction: supporting a currency during a period of weakness is not the same as announcing a revaluation or guaranteeing a higher future exchange rate.

For holders of foreign banknotes, the value of a currency will continue to depend on its actual exchange rate, convertibility, applicable restrictions, economic fundamentals and the availability of legitimate exchange channels.

The useful signal is the policy response itself—not a promise of an imminent currency windfall.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Currency Stability

Central banks may introduce targeted measures to reduce volatility when exchange rates come under pressure. The effectiveness of those measures depends on whether the underlying economic conditions improve.

• Pillar 2: Energy

Countries that depend heavily on imported oil remain exposed to international energy prices and the cost of obtaining dollars. Energy security and currency stability are closely connected.

• Pillar 3: Trade

Importers require reliable access to foreign currency to pay international suppliers. Changes to dollar allocation and foreign-exchange rules can affect how these transactions are financed and settled.

• Pillar 4: Financial Infrastructure

Tighter derivatives rules show how regulators can change the way currency risk is managed. Over time, stronger documentation, more disciplined markets and reliable settlement systems can contribute to a more resilient international financial structure.

THE BOTTOM LINE

India’s latest measures are an active effort to manage currency pressure by changing how major dollar purchases are supplied and how foreign-exchange risks are traded. Their success will depend on oil prices, capital flows, reserve levels and investor confidence—not simply on the announcement itself.

For global financial reset watchers, the larger lesson is that the evolution of the international financial system is unfolding through real policy decisions, changing market rules and the continuing effort to make cross-border finance more resilient.

Seeds of Wisdom Team

Newshounds News

SOURCES

1. Reuters — “India unveils tough curbs on dollar demand to defend rupee”

2. Business Standard — “RBI opens special dollar window for oil firms as rupee comes under pressure”

~~~~~~~~~~

 🌱 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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America's Debt Is Worse Than France's. Have You Seen France Lately?

America's Debt Is Worse Than France's. Have You Seen France Lately?

Notes From the Field By James Hickman (Simon Black / Sovereign Man)  October 8, 2026

It all started because the students wanted better quality education... and more teachers. Many schools in France are overcrowded. Some lack teachers. Buildings are crumbing.  

So, two weeks ago, students at a high school outside Paris blocked the entrance to their own school to protest these conditions. And the movement caught on; students at hundreds of other schools did the same.

By last week the protests had turned violent, when students (and then a bunch of people who clearly didn’t look like students) began setting fires and fighting riot police.

More than 5,000 people have been arrested so far, most of them teenagers, and 24 schools have been burned or ransacked.

Sure, this is a country where torching cars and burning down buildings is a national sport.

But it’s worth pointing out that France spends 57% of its ENTIRE economy on government. The average for rich countries is about 43%, and only Finland spends more.

So here's a question the French might want to ask: what do you get for all that government?

For that kind of money, you'd expect the basics to be covered... like teachers. But France actually cut 3,000 teaching jobs this year, and plans to cut more next year.

At one high school in a poor suburb north of Paris, math, English, humanities, and gym classes have been canceled since the school year began because there's nobody to teach them.

One student complained of being forced to take exams required for graduation without having had a teacher in the subject!

Yet the government spending 57% of GDP doesn’t buy proper education. Nor does it buy law and order. A protest by high school kids turned into nationwide riots, and the French state couldn't stop it. Hundreds of students, school staff, and police officers have been hurt.

France has been here before. France's 2005 riots began in a poor region just north of Paris, after two teenagers hiding from police were electrocuted in a power substation. The suburbs burned for weeks.

The same suburbs rioted again in 2023— and they were among the first places the school protests spread this fall.

Nearly a third of the people who live in that county are immigrants, the highest share anywhere in mainland France, and three times the national average. 

France spent decades importing immigrants by the million and never bothered to integrate them. Twenty-one years after the 2005 riots, NOTHING has been fixed.

What’s crazy is that French people are demanding even MORE government to fix these problems that haven’t been fixed by their already gargantuan government.

How do they plan to pay for any of it? The French are already the second-most-taxed people in the developed world, at about 44% of GDP. Yet even that doesn't cover the spending, so the government borrows the rest. France's national debt is now 119% of GDP.

On October 1, in the middle of the riots, the government presented next year's budget. It expects interest on the debt to cost more than €90 billion. That's far more than the €65 billion it plans to spend on schools, and more than it spends on its entire military.

In other words, France now pays more to its lenders than it spends on its schools OR its soldiers… and the interest bill is still growing.

Naturally, with multiple crises hitting at once, the hard left is ready to exploit the chaos.

Jean-Luc Mélenchon is a hard-left politician and one of the top three candidates in the polls for next April's presidential election. As the protests turned violent, Mélenchon declared that the students were harmless and said the police response had "an obvious racist aftertaste."

Mélenchon's answer to France's problems is MORE government. He wants to raise the minimum wage and lower the retirement age to 60.

(Remember, France already tried to fix its bankrupt pensions by raising it from 62 to 64. That caused riots too, so the plan was suspended.)

And his plan for the national debt is to simply cancel the part that France's central bank holds.

Bottom line, France pays for more government than almost any country, and it barely even seems like an exaggeration to say its society is collapsing in real time.

France has done everything wrong, from borrowing to immigration, and now it can't even do the basics.

But while France may be a more aggravated case, the similarities to the US are hard to ignore.

The US government owes more than $40 trillion, roughly 123% of GDP— worse than France. Interest on the debt is already larger than the defense budget.

America gets away with it, for now, because the dollar is still the world's reserve currency. Foreign 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.

At peak (in 2011), foreigners owned nearly half of all marketable US Treasury bonds. Now their share is down to about 30%.

China in particular has cut its Treasury holdings in half since 2013, and they're now at their lowest level since 2008.

When the foreign buyers stop showing up, America finds itself with France's problem: lenders charge more, interest eats up more of the budget every year, and there's less money left over for the basics.

France shows how quickly a society can devolve. And that's exactly why it makes sense to have a Plan B.

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

P.S. You don't have to wait around to see whether America ends up like France.

Schiff Sovereign's flagship research service, Plan B Confidential, covers second residencies and citizenships, foreign banking, and legal tax strategies, with boots-on-the-ground reports from all over the world, so you can put the pieces in place before you're scrambling.

https://www.schiffsovereign.com/trends/americas-debt-is-worse-than-frances-have-you-seen-france-lately-156064/?inf_contact_key=5cd7addfdd3ead624b9f0a40341a03356914bec1b8fd989797086ba53725e686

A Generational Financial Reset Is Here : Felix Nikolas Prehn

A Generational Financial Reset Is Here : Felix Nikolas Prehn

10-9-2026

On this episode of the WTFinance podcast I had the pleasure of welcoming back Felix Nikolas Prehn. Felix Nikolas Prehn is an economist and former investment banker, trained in London and Hong Kong.

 His reading of markets was shaped by mentors who spent careers inside the institutions: hedge fund managers, Wall Street professionals, and senior banking figures.

During our conversation we spoke about the current situation in the economy, the most hated rally, money supply, CPI concern, concentration, the risk of a financial reset, what could happen to the dollar, the global monetary reset and more.

Ultimately, the conversation between Anthony Fatseas and Felix Nikolas Prehn serves as a reminder of the importance of maintaining a balanced and optimistic mindset in the face of persistent negative news.

 While systemic economic risks are real and require careful navigation, historical data shows that technological progress and corporate adaptability consistently drive long-term value creation.

0:00 - Introduction

1:50 - Overview of the economy & markets?

3:51 - Most hated rallies

4:56 - Money supply

7:34 - CPI disconnect

10:09 - AI economic impact

14:16 - Concentration

17:59 - Debt crisis

21:09 - Japan option possible?

23:21 - Deficit unsustainable

24:51 - Monetary reset

28:16 - Central banks buying gold

31:41 - Geopolitical disconnect

34:59 - Undervalued sectors?

37:59 - AI impact

40:21 - One message to takeaway?

https://www.youtube.com/watch?v=4pEEU2qtNtM

Seeds of Wisdom RV and Economics Updates Friday Afternoon 10-9-26

Good Afternoon Dinar Recaps,

GLOBAL FINANCIAL INFRASTRUCTURE RESET: WALL STREET MOVES TOWARD TOKENIZED SECURITIES AS IMF WARNS OF NEW RISKS

Blockchain-based securities are moving closer to mainstream financial markets, while new warnings from the International Monetary Fund highlight why secure settlement, clear rules and investor protection will be essential to the next phase of digital finance.

 OVERVIEW

• Wall Street is advancing blockchain-based securities trading, with major financial institutions preparing systems that could make certain transactions faster and easier to transfer.

• The IMF has warned that tokenization can introduce new risks, including liquidity pressures, operational failures and the possibility that automated trading could amplify market disruptions.

• The global financial system is evolving through infrastructure changes, but adoption will depend on regulation, interoperability and confidence in the assets backing digital tokens.

KEY DEVELOPMENTS

1. Wall Street Pushes Blockchain Closer to Mainstream Markets

Financial firms are developing ways to represent traditional assets—including stocks, bonds and investment funds—as digital tokens recorded on blockchain networks.

A report published by Barron’s on October 9 describes efforts by major institutions to bring tokenization deeper into securities trading. The Depository Trust & Clearing Corporation (DTCC), a central part of U.S. securities-market infrastructure, is preparing a tokenization initiative, while firms including JPMorgan, Goldman Sachs and Nasdaq are participating in broader efforts to develop blockchain-based markets.

The potential benefits include faster transfers, more flexible trading hours and less capital tied up in separate settlement processes. However, the degree of improvement will depend on how the systems are implemented and connected to existing markets.

The important distinction: Tokenizing a stock does not automatically increase its value. It changes how the asset may be represented, transferred or settled—not the underlying company's financial performance.

2. The IMF Highlights Both Efficiency and Risk

The International Monetary Fund's October financial-stability analysis examines the opportunities and risks associated with tokenized financial assets.

Tokenization could reduce transaction costs and shorten settlement times. But the IMF has also highlighted vulnerabilities involving operational systems, smart contracts, liquidity, collateral and connections between different digital networks.

If automated transactions or liquidations occur rapidly during market stress, losses could spread more quickly. Unclear ownership rights, weak oversight or uncertainty about the asset backing a token could also undermine confidence.

The IMF's analysis does not suggest that tokenization must fail. Rather, it emphasizes that new technology does not eliminate traditional financial risks; it can change how those risks develop and spread.

3. The Settlement Question Becomes Central

One of the most important questions in digital finance is what money should be used to settle a tokenized transaction.

Some systems may use stablecoins—digital tokens designed to maintain a stable value, often by being linked to a national currency. Other approaches seek to settle transactions using central-bank money or tokenized commercial-bank deposits.

These are not interchangeable arrangements. Stablecoins depend on their issuers, reserves and redemption mechanisms, while central-bank money represents a direct claim on a central bank. Tokenized bank deposits remain claims on commercial banks.

The choice affects settlement confidence, liquidity and the way risks can move between financial institutions.

For global markets, interoperability and reliable settlement may matter as much as the blockchain technology itself.

WHY IT MATTERS

The modernization of financial infrastructure is an important development because the global economy depends on systems that move money, securities and collateral between institutions and countries.

If tokenization becomes widely adopted, it could reshape how securities are issued, transferred and settled. Transactions that once required several intermediaries and separate records could eventually be processed through more integrated digital systems.

But progress will not be measured simply by how many assets become tokens. Markets will also need enforceable ownership rights, reliable technology, clear regulatory standards and safeguards against fraud and instability.

The transition is likely to be gradual and uneven. Some applications may gain traction quickly, while others may remain limited by legal, technical or commercial barriers.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders following the Global Financial Reset, these developments are worth watching because the infrastructure supporting international finance is changing.

Tokenized assets, digital payments and new settlement systems could influence how institutions transfer funds and manage liquidity across borders. These changes may eventually affect access to financial services and the way different currencies are used in particular transactions.

However, blockchain adoption does not guarantee that any country's currency will appreciate or be revalued. A currency's value continues to depend on economic fundamentals, monetary policy, inflation, confidence, market liquidity and other factors.

The constructive takeaway is that real financial modernization can be tracked through implemented systems, published rules, completed transactions and measurable adoption—not through predictions of sudden currency windfalls.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Payments

Digital infrastructure may make some transfers faster and more efficient. The key test will be whether new networks can connect safely with existing domestic and cross-border payment systems.

• Pillar 2: Assets

Tokenization could change how securities and other financial assets are recorded and transferred. The underlying legal rights and economic value of those assets still matter.

• Pillar 3: Technology

Blockchain and smart contracts may automate parts of financial processing, but reliable cybersecurity, governance and operational controls will be essential.

• Pillar 4: Regulation and Trust

Common standards, enforceable rules and dependable settlement assets will help determine whether tokenized markets can expand without creating unacceptable risks.

THE BOTTOM LINE

The movement toward tokenized securities is evidence of a serious effort to modernize financial-market infrastructure, not proof of a predetermined global currency reset. The strongest signs of progress will be systems that work in real transactions, protect participants and connect securely across institutions and borders.

The next phase of global finance will be shaped not simply by new digital assets, but by the trusted infrastructure that makes them usable.

Seeds of Wisdom Team

Newshounds News

SOURCES

1. Barron’s — “The Biggest Change to Stock Trading in Decades Is Coming to Wall Street”

2. Seoul Economic Daily — “IMF Warns Asset Tokenization Breeds New Vulnerabilities”

~~~~~~~~~~

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MilitiaMan & Crew: Iraqi Dinar Update: Important Economic Shifts You Need to See

MilitiaMan & Crew: Iraqi Dinar Update: Important Economic Shifts You Need to See

10-8-2026

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

Straight reporting on Iraq’s economy. CBI policy, the budget, oil, banking reform, and the exchange rate — read clean and interpreted without the noise. This channel started as daily phone calls to Mom with the latest dinar news. After she passed in 2022, I built a team so that same standard could keep going for everyone following the story.

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=Vm0fMde8d2Y

Reset Intelligence: Iraq Goes First

Emailed to Recaps~Thank you David

Reset Intelligence: Iraq Goes First

By Reset Intelligence | @EXIT_FIAT

Iraq's Central Bank moved the IQD to 1,500 on Wednesday. Read that cut as the end of the story and you miss what Iraq is doing.

It is the first move in a sequence. Lower the rate. Replace the currency. Raise the rate.

Step one

On Thursday night Prime Minister Ali al-Zaidi sat down with the leaders of parliament in Baghdad and told them why. The oil could not get out, and the state has to find 10 trillion IQD every month. "We had three options," he said: mandatory savings, salaries every 45 days, or more borrowing. His government took none of them and backed the new rate instead. He called the closed strait "an undeclared siege."

What Iraq has already built

Most people have forgotten how much of the rest is already in place.

• New notes - lawmakers disclosed in August that the Central Bank had finalized designs for a new series: 7.5 billion notes, with printers in France, Germany, Britain and Australia.

• Smaller notes - a finance committee member said the bank intends to issue a note below 250 dinars.

• Coins - the Prime Minister's financial adviser raised them himself on television in July.

• Gold - the Central Bank holds 175.6 tonnes, third among Arab states.

• The border - electronic customs is live at all 22 federal crossings.

• Oil - the Oil Ministry puts October exports at 2.7 million barrels a day, against nearly 3.4 million before the war.

• The street - Thursday closed at 165,700 IQD for $100 in Baghdad, the first lower close since the cut.

• Washington - the yield on 10-year US government debt reached 5.34% on October 1, its highest since 2002. Washington's debt has passed $40 trillion.

The question

None of that is preparation for a dinar that stays at 1,500. So what is left, and how long is the wait?

That is the short version. Why Iraq is the linchpin, what is still on Baghdad's list, and why we would not expect a long wait - that is the daily read.

Read the full daily briefing free for 5 days. Sign up here: the daily Iraqi dinar briefing

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 Thursday Evening 10-8-26

"A Hasty Decision That Harmed The Citizen," MP Walaa Al-Jizani Said: "Raising The Dollar Exchange Rate Has Had Negative Effects On The Street, And Parliament Is Moving To Discuss Its Repercussions"

Baghdad - One News - 10/07/2026   Deputy Walaa Al-Jizani, Vice President of the Badr parliamentary bloc, described the government’s decision to raise the dollar exchange rate as “hasty,” stressing that its repercussions have negatively affected the public and harmed citizens.  

Al-Jizani said that the House of Representatives witnessed a parliamentary movement and stance regarding the decision to raise the exchange rate, indicating that the parliament works for all the people of Iraq and not for a specific political audience, in light of the reactions that the decision has caused in the street.  

He added that the Speaker of Parliament was surprised by the decision to raise the dollar exchange rate, noting that there are several solutions that can be resorted to in order to address the repercussions of the decision, including proposals and solutions offered by financial experts.  

Al-Jizani revealed that the Minister of Finance and the Governor of the Central Bank of Iraq will attend the House of Representatives tomorrow to discuss the details of the decision to raise the exchange rate and the reasons that led to taking it, stressing that the hosting will allow the representatives to see more clearly the background of the decision and its repercussions.  

He indicated that the picture would become clearer after discussions with the Minister of Finance and the Governor of the Central Bank, stressing that Parliament would present its observations and recommendations regarding the decision during the discussions.  

The deputy head of the Badr parliamentary bloc stressed that the House of Representatives has the right to make recommendations regarding the issue, considering that the Central Bank should deal with it in light of the repercussions of raising the exchange rate on citizens and markets.  

Regarding the completion of the government formation, Al-Jizani revealed that the House of Representatives is expected to vote on completing Prime Minister Ali Falih Al-Zaidi's cabinet early next week.     https://1news-iq.net/قرار-متسرع-أضر-بالمواطن-النائب-ولاء/

Al-Yassiri Rejects The Dollar Decision: It Is Not Economic Reform But Rather A Failure To Find Solutions

Baghdad - One News - 10/07/2026    MP Hayam Al-Yasiri announced her rejection of the decision to raise the dollar exchange rate, warning of its repercussions on the livelihood of citizens, especially the poor, employees and retirees.  

Al-Yassiri said that raising the exchange rate does not represent economic reform, but rather reflects the inability to find successful economic solutions, considering that burdening the citizen with the consequences of the crisis represents the easiest way instead of addressing the causes of financial and economic imbalances.  

She called for combating the big heads of corruption and revitalizing the economy through projects that contribute to maximizing state revenues, instead of seeking additional resources from the citizen's pocket.  

Al-Yassiri warned that increasing economic burdens, coupled with rising prices, deteriorating services, and corruption cases, could lead to escalating public anger, stressing the need to find alternative solutions to address imbalances and increase state revenues.  https://1news-iq.net/الياسري-ترفض-قرار-الدولار-ليس-إصلاحاً/

Iraqi Dinar Devaluation Sparks Backlash From Blocs Inside The Cabinet

2026-10-08 /  Shafaq News- Baghdad    Iraq's new official exchange rate of 1,520 dinars per US dollar took effect on Wednesday, the country's first devaluation since 2020 and a fiscal response to oil revenues squeezed by the resumption of the US war with Iran. Within hours, the dollar's street price jumped.

Two of Baghdad's main wholesale markets shut, and lawmakers began organizing to overturn a decision taken by a cabinet in which nearly every major political bloc holds a seat.  

The Council of Ministers approved the move on Tuesday night on an emergency recommendation from the finance minister and the governor of the Central Bank of Iraq (CBI), Nizar Hussein. It gives the treasury more dinars for every dollar of oil sold.

It also raises the local cost of almost everything Iraq imports, in an economy where salaries, pensions and savings are held in dinars. The government calls the step a precaution. Critics see it as shifting the war's cost from the state's books to household budgets. The political backlash suggests the dispute is as much about Iraq's unfinished government as about its currency.  

A New Rate, An Old Gap

Under the new structure, the CBI buys dollars from the Finance Ministry at 1,500 dinars, sells them to banks at 1,510 and to end users at 1,520, up from 1,320. Every $100 now costs 20,000 dinars more at the official window. The Finance Ministry paired the decision with a suspension of the advance collection of customs duties and tax deposits on imports.  

Iraq runs two exchange rates: the official one, at which the CBI supplies dollars through banks for trade, travel and other approved uses, and a parallel street rate set by supply and demand. The parallel market responded first.

In Baghdad, the dollar climbed to around 168,500 dinars per $100 on Wednesday morning, from 159,800 the day before, then eased to about 167,000 by evening. In Erbil, capital of the Kurdistan Region, it traded near 166,700.  

The disruption reached beyond the exchange counters. Shops and warehouses in Baghdad's Shorja market and the Alwat Jameela wholesale market closed temporarily, as did several exchange and money-transfer firms, because traders could not reprice goods and outstanding commitments.  

Gold followed the dollar. A mithqal of 21-carat gold, the roughly five-gram unit Iraqi jewelers trade in, rose in Baghdad from 930,000 dinars on Tuesday to 978,000 on Wednesday morning.  

Before the decision, the parallel market sat about 21% above the official rate. On Wednesday, the distance narrowed in percentage terms, but only because the official rate jumped. The street price rose as well.  

A Revolt From Inside The Tent

The backlash in parliament came quickly. Lawmaker Uday al-Zamili of the Khadamat bloc told Shafaq News that parliament had decided to host the finance minister and the CBI governor on Thursday to examine the feasibility of the decision. He said it would hit citizens already facing a wave of price rises, and that MPs want to expose files linked to the exchange rate and corruption.  

Lawmaker Suzan al-Saad of al-Nahj Al-Watani bloc said she had gathered more than 50 signatures for a dedicated session on the decision's consequences.  

At a press conference in parliament, lawmaker Saba al-Saadi of the Reconstruction and Development bloc warned that raising the exchange rate to cover the deficit is a "red line."  

The Kurdistan Democratic Party stopped short of demanding a reversal. Shakhawan Abdullah, head of the KDP bloc in the federal parliament, told local outlets that the government's aim in adjusting the rate was to recover the 20,000-dinar increase and turn it into revenue for the treasury. It should have taken concrete steps to control markets and contain rising prices first, he said, rather than leaving citizens to face "this economic spiral" alone.  

The Iraqi Contractors Union asked Prime Minister Ali al-Zaidi to delay implementation. It warned that the costs of materials, transport and services would rise and erode companies' margins, and said dues linked to the 2020–21 adjustment rate had still not been fully paid.  

After turning Wednesday's sitting into a general debate on the decision, parliament scheduled a special session for Thursday to question the finance minister and the CBI governor. The presidency then cancelled it, moving the hearing to the Finance Committee instead. KDP lawmaker Siban Shirwani said the committee would meet both officials at noon to discuss the reasons for the change, and might also take up the draft federal budget.  

Former lawmaker Amir al-Maamouri challenged the outrage itself. He alleged that "most of the objectors knew the dollar would be raised and bought dollars from the market before the vote and the announcement of the 152 rate and made large gains." He asked why they were pretending not to know.  

The cabinet, he noted, includes representatives of all political blocs, and they voted for the adjustment: "Did the representatives of the political blocs work in complete secrecy and hide the information?"  

Al-Maamouri offered no evidence for the allegation of profiteering. The broader point, that the decision was no surprise inside the political class, finds support in the record.  

The composition of the cabinet sharpens the contradiction. Al-Zaidi, a businessman with no party of his own, was sworn in in May as the nominee of the Coordination Framework, the alliance of Shia parties that won the most seats in the November 2025 election; since then, only 14 of 23 ministers have been approved.

 Finance Minister Falih al-Sari, who carried the recommendation to cabinet, belongs to al-Hikma, the movement led by Ammar al-Hakim, and is a longtime senior figure on parliament's Finance Committee.

Other approved ministers come from the Islamic Dawa, Badr, Reconstruction and Development, and Sadiqoon, Taqadum, the Kurdistan Democratic Party (KDP), the Patriotic Union of Kurdistan (PUK), and the New Generation movement, among others. 

The opposition to the devaluation appeared to have two strands: blocs inside the cabinet distancing themselves from a decision they share, and blocs outside it using the exchange rate as leverage in a government formation that remains incomplete, with nine portfolios still vacant.  

Read more: Can Iraq’s economy weather a wider regional shock? Experts differ  

The War Behind The Figures

Iraq's budget runs on oil, and the war has squeezed it. Exports through the Strait of Hormuz, the route for most of Iraq's crude before the conflict, have continued, but under disruption. Baghdad has added alternative routes, including overland shipments through Syria, which cost more and carry less. Those alternatives have not offset the shortfall.  

The strain showed in the central bank's balance sheet well before Tuesday. CBI data show foreign reserves fell from $97.4 billion at the end of 2025 to $80.6 billion at the end of July 2026, a decline of about 17% in seven months. Finance Ministry figures showed a gap of more than 29 trillion dinars ($19.08 billion) between revenue and total spending during the first seven months of 2026.  

Spending commitments made in Baghdad's political bargaining compounded the revenue shock. The Finance Ministry warned parliament that it could not fund the 2026 budget without an adjustment. That budget includes 100,000 new public-sector jobs demanded by political blocs during government formation. The draft 2027 budget is built around the new 1,500-dinar rate.  

The draft sets spending at 217 trillion dinars ($142.76 billion) with a projected deficit of 50 trillion, assumes oil at $58 a barrel and exports of four million barrels a day, and fixes the exchange rate at 1,500 dinars per dollar, Finance Committee member Abbas Hayal told Shafaq News. The draft is due in parliament by October 15.  

The Official Case

Mudhir Mohammed Saleh, the prime minister's financial adviser, framed the decision as insurance rather than rescue. He told the state-run Iraqi News Agency (INA) that the measures do not reflect an imbalance in the economy. “They are pre-emptive hedging against a war that threatens oil exports through Hormuz, and with them public revenue, the budget and foreign-currency inflows.”  

Saleh presented the exchange rate, customs, taxes, spending and subsidies as one integrated protective system. He said monetary policy would keep foreign currency flowing so that trade finance continues on a regular, stable basis.  

Fiscal policy would absorb part of the external shock. Customs and tax measures, in his account, are meant to regulate imports, strengthen revenue, and ration foreign currency, not to burden citizens or produce unjustified price rises, and to avoid passing their full cost to consumers.  

Continued state spending on food, medicine, fuel and basic services, he said, would serve as the line of defense for living standards. "These measures do not aim at a sudden change in the exchange rate or at making society bear the cost of the crisis," he told INA, "but at hedging and building a financial and monetary safety margin."  

The CBI called the move a strategic step to strengthen financial stability. It said its foreign reserves are sufficient to meet all requests to finance trade, settle bank-card payments and sell cash dollars to travelers.

It also described the change as a positive adjustment that would make Iraqi products more competitive against imports, encourage factories to expand, draw investment into non-oil sectors and create jobs for young Iraqis.

The state-owned Trade Bank of Iraq (TBI) began supplying foreign currency through official channels on Wednesday to support the market 

Who Pays

Economists who spoke to Shafaq News accept the fiscal logic but dispute who carries the bill.

  Economist Ahmed Abd Rabbo said the decision should be read as part of a broader economic package, estimating that the higher rate could bring the treasury between 17 and 20 trillion dinars a year, depending on oil revenues and how they are counted in the budget. That gain, he warned, would not be enough if import costs pass quickly into the prices of goods and services.  

“A weaker dinar could give Iraqi industry and agriculture more room to compete with imports, but that does not happen automatically," he said, adding that it would require energy, financing, infrastructure, protection against dumping and simpler production procedures.  

He proposed judging the decision against three indicators in the months ahead: the spread between the official and parallel rates, inflation and commodity prices, and whether productive sectors actually benefit from improved competitiveness.  

Nawar al-Saadi, a professor of international economics, put the question more bluntly: who will bear the cost? By his estimate, the move cuts the dinar's value by about 14.5%. The government will collect more dinars for its oil, he said, but import costs will rise, pressing on purchasing power, especially for people on fixed incomes.

He identified inflation and a widening gap with the parallel market as the greatest risks, while cautioning that prices will not necessarily rise in step with the dollar.  

The effect will vary with each product's dependence on imports, traders' margins, competition and monetary policy. Local industry may gain from a weaker dinar, he said, but Iraqi factories also depend on imported raw materials and equipment, which will push their own costs up.  

Al-Saadi’s sharpest warning was against turning the exchange rate into a permanent tool for financing the budget deficit. Instead, he called for controlling current spending, limiting expansion of public hiring, raising non-oil revenue, and stimulating investment and production.  

Manar al-Obaidi, head of the Iraq Future Foundation for economic studies and consultancy, said the state has already secured significant fiscal space.  

Applying Iraq's high customs tariffs at the same time, he argued, hits imported goods twice, through a dearer dollar and steeper duties. The combined effect passes, to varying degrees, into the cost of food, medicine, factory inputs, machinery, spare parts and transport, and finally to the consumer.  

Al-Obaidi called on the cabinet and parliament to freeze the 2010 Customs Tariff Law No. 22 for one year. In its place, he would revive the mechanism of Coalition Provisional Authority Order 38 of 2003, the occupation-era mechanism that imposed a 5% Reconstruction Levy on most covered imports.  

The finance ministry and customs authority would issue unified instructions for all border crossings, and a review would follow after six months to measure the effect on inflation, prices, imports, revenue and industry. Protecting domestic producers, he said, does not require high tariffs on thousands of goods; the Iraqi Products Protection Law can target dumping and harmful import surges directly.  

“The state should not use the exchange rate and customs tariffs at the same time as twin tools to raise revenue, loading the cost of both onto citizens and the market.”  

Al-Obaidi describes the combination of exchange rate and customs as the problem, while Saleh describes the same combination as the protective design.  

Third Reset In Six Years

Iraq has been here before, and each reset has followed fiscal need and political bargaining. In December 2020, as the COVID-19 oil crash opened a crippling deficit, the central bank moved the rate from 1,182 to 1,450 dinars per dollar.

The Fatah Alliance and State of Law, both aligned with Tehran, rejected that devaluation and delayed the national budget. In February 2023, al-Sudani's government reversed course and revalued the dinar to 1,300. Tighter US controls on dollar transfers through Iraq's banking system had pushed the street price toward 1,690.  

The latest move also follows repeated official denials. In February, the then-governor Ali al-Alaq said there were no plans to change the rate. In June, the bank again denied reports of a planned increase. The parallel market did not believe them.

The Eco Iraq economic observatory counted six waves of increases in 2026, taking the street rate from about 150,400 dinars per $100 in January to a peak of 168,000 in October.  

The Tests Ahead

The decision will be judged on terms its defenders and critics broadly share. The first is whether the parallel rate settles near 1,520 or keeps drifting away from it. The second is whether prices rise in step with the dollar or, as al-Saadi and Saleh both suggest, by less. The third is whether domestic producers capture any of the promised competitiveness.  

The draft 2027 budget, due within a week, will show if the government treats 1,500 as a one-time adjustment or as the basis for a larger spending plan.  

Hours before the decision, Jabar Goran, spokesman for al-Sulaymaniyah's currency market, warned that setting the rate at 1,500 would provoke a very negative reaction from citizens and the market. He did not expect the government to do it.

The government did it the next day.  

This time, unlike in 2020 or 2023, the oil shock comes from a war Baghdad does not control and cannot end. The exchange rate has become the quickest tool the state has, and the blocs that share the cabinet now must decide whether to defend that tool or protest against it.  

Read more: Why Iraq's dinar keeps sliding despite fresh US cash  

1 USD = 1520 dinar   Written and edited by Shafaq News staff.  

https://www.shafaq.com/en/Report/Iraqi-dinar-devaluation-sparks-backlash-from-blocs-inside-the-cabinet

Seeds of Wisdom RV and Economics Updates Friday Morning 10-9-26

Good Morning Dinar Recaps,

GLOBAL AI DEBT RESET WATCH: OPEN AI REVENUE GAP RAISES NEW QUESTIONS ABOUT THE AI BORROWING BOOM

New questions about how AI companies report revenue are emerging as technology giants pursue enormous financing deals, putting investor confidence and the sustainability of the AI investment boom under greater scrutiny.

 OVERVIEW

• OpenAI's September annualized revenue was reported at nearly $50 billion, below a previously indicated figure approaching $70 billion, largely because of differences in how revenue from cloud partners is counted.

• Major companies are pursuing extraordinary financing for AI infrastructure, including reported plans involving more than $50 billion in financing for Broadcom's AI-chip work with OpenAI and a potential $40 billion SpaceX chip-financing package.

• The developments raise a broader financial question: Can AI-generated revenue and future profits justify the enormous investments and borrowing now flowing into the sector?

KEY DEVELOPMENTS

1. OpenAI's Revenue Figure Raises New Questions

OpenAI's September annualized revenue was reported by Reuters at nearly $50 billion, compared with a figure approaching $70 billion that had previously been indicated to investors.

The difference does not necessarily mean that OpenAI suddenly lost $20 billion in sales.

Instead, the discrepancy largely reflects different accounting approaches to revenue earned through cloud partners. Anthropic includes the full value of certain partner sales in its reported revenue and records the partner's share as an expense. OpenAI generally records its own share of certain transactions.

Both companies can follow accepted accounting rules while reporting different top-line figures for comparable business activity.

This distinction matters because revenue figures are often used to evaluate a company's growth, market position and potential valuation.

Annualized revenue is also a run-rate estimate, typically calculated by projecting a recent period's sales over a full year. It is not the same as audited annual revenue or profit.

For investors, the important issue is not simply which company reports the larger number. It is understanding how much revenue the company actually retains, how quickly sales are growing and whether that growth can support its costs.

2. AI Companies Are Turning to Massive Financing Deals

The revenue discussion comes at a time when the cost of building AI infrastructure is rising dramatically.

According to reporting by The Wall Street Journal, Broadcom has been working to arrange more than $50 billion in financing connected to custom AI chips being developed with OpenAI.

Separately, SpaceX has reportedly discussed a financing package of approximately $40 billion to purchase Nvidia chips, including $30 billion in investment-grade debt and $10 billion in bank loans.

Oracle has also reportedly explored financing arrangements for major AI-chip purchases.

These remain reported financing plans and discussions, not proof that every proposed deal has been finalized.

Nevertheless, the scale is significant. AI companies and their partners need enormous amounts of money for computing equipment, data centers, electricity and supporting infrastructure.

As these projects expand, companies are increasingly turning to outside lenders and investors to fund their ambitions.

3. Investors Must Distinguish Growth From Financial Sustainability

AI is generating substantial demand, and its potential applications could transform productivity, healthcare, business operations and many other industries.

But rapid growth does not automatically guarantee long-term profitability.

Building AI infrastructure requires large upfront investments, while the revenue needed to recover those costs may take years to materialize.

Investors therefore need to examine several questions:

• Are reported revenue figures comparable across companies?

• How much cash is left after operating expenses and payments to cloud partners?

• Can future revenue support the cost of financing, computing equipment and data centers?

• What happens if AI demand grows more slowly than expected?

These are not reasons to assume that the AI sector is headed for a collapse. They are the questions investors must answer when a major technological boom becomes increasingly dependent on external financing.

WHY IT MATTERS

The AI story is becoming more than a technology race. It is also a story about debt, capital allocation, investor expectations and the future returns on enormous investments.

When companies seek tens of billions of dollars for infrastructure, they compete for capital alongside governments, established corporations and other borrowers.

If investors become less confident about expected returns, lenders may demand higher interest rates, financing may become more expensive and projects could be delayed or reduced.

If AI delivers strong productivity gains and sustainable profits, the investment could instead support long-term economic growth.

The central issue is the relationship between the amount of capital being committed today and the actual financial returns that emerge tomorrow.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders following the Global Financial Reset, the AI financing boom offers another way to understand how the international financial system is evolving.

Technology companies are becoming increasingly important participants in global capital markets. Their financing needs can influence corporate bond issuance, bank lending, investment flows and demand for major currencies.

For example, stronger U.S. technology investment may attract capital into American markets. But a deterioration in investor confidence could produce a different response, particularly if large financing commitments begin to look less sustainable.

The impact on any individual currency will depend on many factors, including interest rates, trade, economic growth, capital flows and investor confidence.

This is evidence of a changing financial landscape—not proof of an imminent currency revaluation or a guaranteed Global Reset event.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Debt

AI infrastructure is creating substantial demand for external financing.

As corporate borrowing grows, investors will need to assess how much debt companies can reasonably support through future cash flows. If borrowing grows faster than earnings, the risks can spread beyond the companies themselves to lenders and investors.

• Pillar 2: Technology

Artificial intelligence is becoming a capital-intensive industry requiring vast computing resources, electricity, data centers and specialized chips.

The next stage of AI development may depend as much on access to affordable financing and energy as on technological breakthroughs.

• Pillar 3: Capital Flows

Large AI financing deals can redirect investment toward technology companies and away from other potential borrowers.

Governments already need capital to fund public services, infrastructure and debt obligations. As private-sector financing needs increase, competition for investor funds may become more intense.

• Pillar 4: Transparency and Confidence

Comparable financial reporting becomes especially important when companies are valued on expectations of extraordinary future growth.

Investors need to distinguish between reported revenue, annualized revenue, cash flow and actual profit.

Greater transparency can strengthen confidence in legitimate growth. Unclear comparisons or unrealistic expectations can undermine it.

THE BOTTOM LINE

OpenAI's revenue discrepancy is not, by itself, evidence of financial failure. The difference largely reflects how partner sales are counted. But the story highlights a crucial question emerging across the AI industry: Are the revenues and profits being generated keeping pace with the enormous capital commitments being made?

As AI companies seek increasingly large financing packages, investors will be watching not only technological progress but also the quality of reported revenue, the cost of debt and the ability to produce lasting returns.

The global financial system is evolving as technology companies become major forces in the competition for capital, making transparency, sustainable debt and real economic value increasingly important to the next era of finance.

Seeds of Wisdom Team

Newshounds News

SOURCES

1. Reuters — “OpenAI's September annualized revenue nears $50 billion, less than previously indicated”

2. The Wall Street Journal — “Oracle, Broadcom and SpaceX Seek Blockbuster Debt Deals to Pay for AI Chips”

~~~~~~~~~~

 🌱 A Message to Our Currency Holders🌱

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

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

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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

Rob Cunningham: Money is Getting a Makeover

Rob Cunningham: Money is Getting a Makeover

10-8-2026

MONEY IS GETTING A MAKEOVER

Forget crypto jargon. Forget politics. Forget financial terms.

Think about something everybody understands:

We buy a house. We want a deed.
We buy a car. We want a title.
We deposit money. We want a balance we can trust.
We pay somebody. We want proof they were paid.

For generations, our financial system has accomplished extraordinary things – but it was built around enormous networks of banks, brokers, custodians, clearinghouses, databases and IOUs. The system works largely because we placed our trust institutions to keep their separate accounting ledgers straight.

When something goes wrong, figuring out who owns what, who owes what, and where “all the money” belongs can become remarkably complicated – at best.

Now imagine giving money and assets something closer to a perfect digital deed – in seconds.

That is the basic idea behind tokenization and distributed ledgers – clarity + honesty + title.

A stock, bond or other eligible asset can have a digital representation whose ownership and movement can be recorded on shared infrastructure. America’s enormous securities plumbing is already moving from experiments toward production: DTCC says its tokenization of $114 Trillion is planned for migration beginning October 15, 2026.

This isn’t simply “Bitcoin taking over the banks.”

The old financial system and new digital technology are beginning to connect. We are “bridging” from the old to the new.

Regulators are rewriting rules for this new environment. In October, the SEC and CFFC proposed a new framework addressing how investment advisers and regulated funds may custody certain crypto assets. Financial regulation itself is being adapted to digital ownership.

Why should anyone care?

Because the long-term promise isn’t “crypto.”

It is real wealth vs system “friction.”

Faster settlement. Better visibility. Assets that move more efficiently. Clearer records. Vastly fewer reconciliation problems. More competition. Lower costs.

Tokenization brings everyday people faster access to proceeds, greater transparency and more verifiable trust.

Technology is only part of the revolution. What we choose to require from technology and those who are elected to govern on our behalf, matters most.

We require real assets.

We require identifiable ownership.

We require understandable obligations.

We require auditable records.

We require honest measurement.

We require true accountability.

We require true mutual consent.

And then – something profound becomes possible:

For centuries we asked ordinary people to trust the books.

The emerging technology gives us an opportunity to build a world where ordinary people can increasingly say:

SHOW ME THE BOOKS.

And ultimately:
SHOW ME THE ASSET.
SHOW ME THE OWNER.
SHOW ME THE OBLIGATION.
SHOW ME THE PROOF.

That’s why there is legitimate reason for optimism.

We aren’t merely digitizing money.

We have an opportunity to make trust visible and wealth, common.

Let’s help others see what we see. Abundance belongs to us all.

Source(s):
• https://x.com/KuwlShow/status/2107792571430851053

https://dinarchronicles.com/2026/10/08/rob-cunningham-money-is-getting-a-makeover/

Iraq Economic News and Points To Ponder Thursday Evening 10-8-26

CBI Tells Lawmakers New Dollar Rate Is Final

2026-10-08  Shafaq News- Baghdad   Central Bank of Iraq (CBI) governor Nizar Hussein has informed parliament's Finance Committee that the new official exchange rate of 1,500 dinars to the dollar is fixed and cannot be changed, a parliamentary source told Shafaq News on Thursday.  Hussein told committee members that changing the rate in the budget law would mean redrawing every table and line item in the draft, which was built on 1,500 dinars to the dollar, the source said.

Neither the governor nor Finance Minister Falih Sari came to parliament. Hussein instead sent the bank's position to the committee.

The committee had planned to meet both officials to discuss the decision and its consequences and to review the draft federal budget. The parliament's presidency had already canceled Thursday's full session, which was meant to host the two officials, and left the matter to the committee.

The central bank set the new rates on Wednesday, effective October 7. It now buys dollars from the Finance Ministry at 1,500 dinars, sells them to banks at 1,510 and to the public at 1,520.

Iraq's government earns almost all its revenue in dollars from oil exports and sells those dollars to the central bank for the dinars it needs to pay public salaries.

Read more: Iraqi dinar devaluation sparks backlash from blocs inside the cabinet

https://shafaq.com/en/Economy/CBI-tells-lawmakers-new-dollar-rate-is-final

Economist Urges One-Year Customs Cut After Dinar Devaluation

2026-10-08   Shafaq News- Baghdad   Iraq should cut customs duties to a flat 5% for one year to soften the impact of the dinar's devaluation on prices and keep trade and industry from stalling, Manar al-Obaidi, head of the Iraq Future Foundation for Economic Studies and Consultations, said on Thursday.

In a Facebook post addressed to the Cabinet and parliament, al-Obaidi called for an immediate decision to freeze the rates and schedules of the amended Customs Tariff Law No. 22 of 2010 for that period. He proposed temporarily returning to Coalition Provisional Authority Order No. 38 of 2003, which introduced a 5% Reconstruction Levy on most imported goods, with exemptions.

The Finance Ministry and the General Customs Authority should also issue one set of tables and instructions for all border crossings, so costs are applied consistently, he said. Under his proposal, the measure would last 12 months, with a review after six months of its effect on inflation, prices, imports, revenues and industry.

Raising the central bank's purchase rate for dollars from the Finance Ministry from about 1,300 to 1,500 dinars increased the dinar value of each dollar by about 15.4%, giving the state significant extra fiscal room, according to al-Obaidi.

Keeping high customs rates on top of the new exchange rate, he said, places a double burden on imports that passes through to food, medicine, factory inputs, machinery, spare parts and transport costs, and ultimately to consumers. “Do not subject citizens and the market to two shocks at once,” he wrote.

Targeted protection for Iraqi producers could instead come through the Iraqi Products Protection Law, applied when local goods face dumping, foreign subsidies or harmful import surges, he added.

The Cabinet raised the official end-user rate from 1,320 to 1,520 dinars per dollar on Tuesday, and the same decision suspended a new system requiring importers to pay customs duties in advance. Shops and warehouses in Baghdad's Al-Shorja and Jameela wholesale markets, along with several exchange and money-transfer firms, closed after the decision.

Read more: Why Iraq's dinar keeps sliding despite fresh US cash

https://shafaq.com/en/Economy/Economist-urges-one-year-customs-cut-after-dinar-devaluation

Dollar Rate Increase Pushes Food Prices Up 15%

2026-10-08  Shafaq News- Baghdad   Prices of several food staples rose by as much as 15% in Iraqi markets on Thursday, a day after the Central Bank of Iraq (CBI) raised the official US dollar exchange rate from 1,320 to 1,520 dinars, with some traders immediately increasing prices and others suspending sales.

A box of eggs containing 12 trays climbed 10.7%, from 84,000 to 93,000 dinars ($55.26 to $61.18), while Mahmood rice rose 10.8%, from 65,000 to 72,000 dinars ($42.76 to $47.37).

Sugar recorded the sharpest increase, gaining 15.4% from 26,000 to 30,000 dinars ($17.11 to $19.74), followed by Zer cooking oil, which went up 9.1%, from 55,000 to 60,000 dinars ($36.18 to $39.47).

Read more: Why Iraq's dinar keeps sliding despite fresh US cash

Food trader Abu Sajjad told Shafaq News that businesses had little choice but to adjust their prices to the higher dollar rate, although current selling prices remained below the cost of replenishing imported stock.

Apart from locally produced eggs, most affected products are imported, he explained, adding that some beverage companies had temporarily halted sales pending greater clarity on currency movements.

On Oct. 7, the CBI introduced a new exchange-rate structure, setting the dollar at 1,500 dinars for purchases from the Finance Ministry, 1,510 for sales to banks, and 1,520 for cash transactions with the public. The parallel-market rate remained higher, reaching 1,680 dinars per dollar after the adjustment.

Read more: Can Iraq’s economy weather a wider regional shock? Experts differ

1 US dollar = 1,520 dinar

https://shafaq.com/en/Economy/Dollar-rate-increase-pushes-food-prices-up-15

Iraq Targets Zero North Oil Flaring By 2027

2026-10-08 Shafaq News- Baghdad   Iraq plans to capture an additional 80 million standard cubic feet of associated gas per day from three northern oil fields by the end of 2026, aiming to eliminate gas flaring across North Oil Company’s operations by the end of 2027, Deputy Oil Minister for Gas Affairs Izzat Saber Ismail said on Thursday.

According to the Oil Ministry, the additional volumes will come from the Bai Hassan, North Jambur, and Khabbaz fields, supplementing existing recovery operations.

During a visit to North Oil Company and North Gas Company, Ismail reviewed project progress and operational challenges, calling for faster implementation to boost fuel supplies for power plants and increase liquefied petroleum gas (LPG) production.

The three fields also form part of British energy company BP’s broader redevelopment program in Kirkuk. Oil Ministry spokesperson Salim Al-Rikabi previously outlined an agreement covering Bai Hassan, Jambur, Khabbaz, and Kirkuk, along with the expansion of North Gas Company facilities and construction of a planned 400-megawatt power station. A key component involves recovering gas currently burned off during oil production for use in electricity generation.

Iraq has set 2029 as its nationwide target for ending routine gas flaring. The World Bank’s 2025 Global Gas Flaring Tracker estimated that the country burned approximately 17.37 billion cubic meters in 2024, placing it among the world’s largest gas-flaring nations.

Read more: Iraq's gas flaring paradox: a wealth of resources, a nation in need

https://shafaq.com/en/Economy/Iraq-targets-zero-North-Oil-flaring-by-2027

Should Paper Checks Be Abolished Like The Penny?

Should Paper Checks Be Abolished Like The Penny?

Good Partner  Tue, September 8, 2026 Jay L. Zagorsky

While Americans are writing fewer checks, they haven't abandoned this means of payment.

Germany is getting rid of paper checks at the end of 2027. Australia is bidding them farewell by 2030. U.S. President Donald Trump followed up his order killing off the penny with an executive order stopping check writing by the federal government.

Should the U.S. follow these other countries and broadly eliminate the ability to write checks?

Years ago, experts predicted that checks would have disappeared by now. However, they are still around, and billions are written each year in the United States.

Why? The quick answer is that businesses love them. And plenty of Americans still use checks for good reasons. But there is more to the story.

I am a business school professor and one of the few academics who advocates for the use of cash. While I have long told everyone about the benefits of paper money, I didn't give paper checks much thought or use them until my mother's recent death. Then I found myself writing checks to the cemetery, funeral home, gravestone engraver and a host of other places. Plus, I started getting refund checks back from her landlord and insurance companies.

These experiences made me look more deeply into this form of payment to understand what was happening.

Fewer checks for bigger bucks

Every three years the U.S. government runs the Federal Reserve Payments Study by asking banks and credit unions for internal information. This survey tracks everything from how often credit cards are used to the number of checks written.

While check usage has sharply declined in the U.S., a significant number – about 9.2 billion in 2024 – are still written, the data shows. The face value of those checks is probably bigger than you'd expect: more than US$24 trillion, not adjusted for inflation. That is almost as large as U.S. gross domestic product of $29 trillion that year.

Not everyone can imagine numbers in billions or trillions, so let's put those figures in more manageable terms.

A little over 150 checks were written per person in 2000. By 2024, the average had plummeted to 27 checks – slightly more than two per month. However, over that time, the amounts typically scribbled or printed on the face of those checks rose.

In 2000, the typical check was worth less than $1,000. By 2024, the average amount had more than doubled to $2,600.

Trends elsewhere are similar. The Bank for International Settlements, which serves as a bank for central banks like the Federal Reserve, has tracked check usage in 25 countries since 2012. Its data shows that in only two other countries is payment by check still commonplace.

And in both of those countries, check usage has fallen more sharply than in the United States.

Chart LINK

TO READ MORE:  https://www.yahoo.com/finance/economy/policy/articles/paper-checks-abolished-penny-225752284.html?action=scout

BRICS Not Opposed To the US Dollar, Confirms Diplomat

BRICS Not Opposed To the US Dollar, Confirms Diplomat

Vinod Dsouza   September 30, 2026       BRICS Business

Russian Ambassador to India Denis Alipov confirmed at the NDTV Defense Summit that the BRICS alliance is not opposed to the US dollar. He stressed that no member nation has spoken in an anti-Western tone at the September summit in India. Member countries have also not promoted any form of anti-Western agenda to push policies, he said.

The US dollar will remain as one of the primary currencies for trade within the BRICS bloc, confirmed Alipov. The diplomat explained that the alliance is like any other global organization that eventually wants to cater to the needs of the members. This is a complete U-turn from the bloc after actively seeking de-dollarization since 2022.

US Dollar is a Part of BRICS, Stresses Diplomat

Alipov revealed that while options to use local currencies for trade are the primary goal, no BRICS member has opposed settling cross-border transactions in the US dollar.

“It is an alternative to other global platforms and organizations, such as the G20, for example, and other international formats. And no one in BRICS has ever spoken in an anti-Western manner or promoted an anti-Western agenda,” he said.

“The discussion about the use of the US dollar is very indicative in this regard. No one is opposed to the use of the US currency. We, the BRICS countries, favor having alternatives provided by the use of national currencies,” the diplomat stressed.

Therefore, the alliance is open to all forms of payments and will not sideline any currency for trade. The move will protect the dominance of the US dollar against any onslaught.

This was evident even during the 18th BRICS summit in September in India, as none of the member nations spoke about ending reliance on the US dollar. Talks about strengthening local currencies were made, but that remains intact for five years. The superiority of the US dollar remains intact, with little to no threat to uproot it from the world’s reserve currency status.

https://watcher.guru/news/brics-not-opposed-to-the-us-dollar-confirms-diplomat

BRICS De-Dollarization Could Be Serious in 2027 Under China’s Chairmanship

Vinod Dsouza   September 21, 2026 Before the BRICS 2026 summit in New Delhi, India had washed its hands clean of the de-dollarization agenda. High-ranking officials repeatedly made statements saying that India will trade in the US dollar and not abandon the currency. Other members had to toe the line and accept that the summit would not go against the West.

However, things could change next year as China will host the BRICS summit in 2027, and the Xi Jinping administration could come up with several de-dollarization initiatives for the bloc. Sergey Ryabkov, Russian Deputy Foreign Minister, said in a press conference that Russia will accept whatever priorities China places on the table at the 19th summit.

Also Read: Numerous Countries Expressing Interest in Joining BRICS

De-Dollarization Can Take a New Turn at the BRICS 2027 Summit in China

Russia has been a staunch ally of China, as the country has been with it through thick and thin. From helping it to trade in local currencies to accepting the ruble and procuring oil, China has kept the Russian economy afloat since the US imposed sanctions in February 2022. Therefore, if China initiates a de-dollarization roadmap at the next BRICS summit, Russia will be the first to back it.

“BRICS is not just about continuity; it always bears the significant imprint of the chairmanships that succeed one another,” he added. Sergey revealed that China is making an effort to create an “intra-BRICS environment” conducive to the barrier-free movement of technologies and capital. He also stressed that China could find modern breakthroughs in AI technologies and uplift the alliance as a whole.

“I would venture to suggest that modern breakthrough technologies, with artificial intelligence at their core, supply chains, the modern payment and financial system, and logistics issues in the economic sphere, will be the focus of the Chinese presidency in the coming year. They need to make their position on this topic clear. We will support these priorities. And we share this approach in the economic, innovation, and technology areas of BRICS work,” he said

https://watcher.guru/news/brics-de-dollarization-could-be-serious-in-2027-under-chinas-chairmanship