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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Seeds of Wisdom RV and Economics Updates Monday Morning 7-6-26

Good Morning Dinar Recaps,

OPEC+ Boosts Oil Production as Falling Energy Prices Lift Global Markets

OPEC+ has agreed to increase oil production for a fifth consecutive month as shipping through the Strait of Hormuz continues to recover, helping push crude prices lower. The decline in energy prices has improved investor confidence, eased inflation concerns, and strengthened expectations that the Federal Reserve may have greater flexibility on interest rates.

Good Morning Dinar Recaps,

OPEC+ Boosts Oil Production as Falling Energy Prices Lift Global Markets

OPEC+ has agreed to increase oil production for a fifth consecutive month as shipping through the Strait of Hormuz continues to recover, helping push crude prices lower. The decline in energy prices has improved investor confidence, eased inflation concerns, and strengthened expectations that the Federal Reserve may have greater flexibility on interest rates.

 Overview

  • OPEC+ will increase oil production by 188,000 barrels per day beginning in August as global energy markets stabilize.

  • Lower oil prices and improving Gulf shipping are easing inflation pressures and supporting stock market gains.

  • Investors are now turning their attention toward Federal Reserve policy and second-quarter corporate earnings.

Key Developments

1. OPEC+ Expands Oil Production Again

Seven OPEC+ members—including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—agreed to raise production by 188,000 barrels per day beginning in August. The increase continues the gradual reversal of production cuts introduced during the 2023 global banking turmoil and reflects improving market conditions.

2. Strait of Hormuz Recovery Supports Energy Supplies

Shipping through the Strait of Hormuz continues to normalize following the U.S.-Iran ceasefire and ongoing diplomatic efforts. Although vessel traffic remains below pre-conflict levels, the reopening of this critical energy corridor has helped restore confidence in global oil supplies.

3. Oil Prices Fall as Supply Improves

Brent crude has retreated to roughly pre-conflict levels near $72 per barrel, reflecting increased production, recovering exports, softer demand from China, and improving shipping conditions. Analysts believe the market may face a period of short-term oversupply if current trends continue.

4. Lower Energy Prices Boost Wall Street

Falling oil prices helped lift investor sentiment as the Dow Jones Industrial Average reached another record while the S&P 500 and Nasdaq continued advancing. Lower fuel costs are easing inflation expectations, reducing pressure on consumers and businesses alike.

5. Federal Reserve and Earnings Become the Next Focus

With inflation moderating, investors are closely watching upcoming Federal Reserve meeting minutes, economic data, and second-quarter earnings reports. Strong corporate earnings combined with stable inflation could provide additional support for financial markets during the second half of the year.

 Why It Matters

Energy prices remain one of the largest drivers of global inflation and economic growth. As oil markets stabilize, businesses benefit from lower transportation and production costs while consumers gain relief through reduced fuel prices, creating more favorable conditions for economic expansion.

Why It Matters to Foreign Currency Holders

Lower oil prices often influence inflation, interest rate expectations, and currency valuations worldwide. A more stable energy market also supports global trade and financial confidence, factors closely monitored by investors following international monetary developments.

Implications for the Global Reset

  • Pillar 2 – Trade

The continued reopening of the Strait of Hormuz and expanding oil production improve global supply chains, strengthen international trade, and reduce disruptions across one of the world's most important shipping corridors.

  • Pillar 5 – Energy

Higher OPEC+ production and recovering Gulf exports increase global energy supplies, helping stabilize oil prices while supporting long-term energy security and economic recovery.

Future Outlook

Markets will now focus on whether improving energy supplies continue to moderate inflation without slowing economic growth. Upcoming Federal Reserve communications and corporate earnings reports will provide important signals about the strength of the U.S. economy during the second half of the year.

If oil prices remain stable and earnings continue to outperform expectations, investor confidence could strengthen further despite ongoing geopolitical uncertainties.

This is not just about oil prices—it reflects how improving energy security, recovering global trade, and moderating inflation are working together to support broader economic stability and financial market confidence.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

~~~~~~~~~~

 🌱 A Message to Our Currency Holders🌱

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

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


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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

Monday Iraq News Posted by Tishwash at TNT 7-6-2026

TNT:

Tishwash:  Integrity Commission: The next step in the funds recovery case holds many surprises. 

The Integrity Commission has stated that the upcoming phase of the asset recovery file holds many surprises. Abbas Mutab, Director General of the Recovery Department at the Federal Integrity Commission, told the official newspaper that "the Commission has managed to recover approximately half of the accused individuals who fled Iraq compared to the previous period, in addition to a very good percentage of the funds recovered from abroad."

He emphasized "the significant cooperation with Interpol and law enforcement agencies," adding that "there is a problem with cooperation with other countries regarding the extradition of some accused individuals, and the differences in laws between Iraq and other countries. What is applied on the ground in Iraq cannot be applied in other countries.

TNT:

Tishwash:  Integrity Commission: The next step in the funds recovery case holds many surprises. 

The Integrity Commission has stated that the upcoming phase of the asset recovery file holds many surprises. Abbas Mutab, Director General of the Recovery Department at the Federal Integrity Commission, told the official newspaper that "the Commission has managed to recover approximately half of the accused individuals who fled Iraq compared to the previous period, in addition to a very good percentage of the funds recovered from abroad."

He emphasized "the significant cooperation with Interpol and law enforcement agencies," adding that "there is a problem with cooperation with other countries regarding the extradition of some accused individuals, and the differences in laws between Iraq and other countries. What is applied on the ground in Iraq cannot be applied in other countries.

Moreover, the funds that fled Iraq have become intertwined with the economies of other countries, which necessitates a file to study the case, follow up on it, gather evidence, and implement it to prove that these funds belong to Iraq."

Mutab explained that "the upcoming phase of the asset recovery file for this year holds many surprises, whether in terms of large sums of money or accused individuals who fled the country years ago, and that these efforts are being carried out with the support of the head of the Integrity Commission and the head of the Supreme Judicial Council."  link

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

Tishwash:  Targeting 150,000 barrels per day, Iraq signs a contract with Halliburton to manage the Bin Omar and Sindbad oil fields.

The Iraqi Ministry of Oil announced on Sunday the signing of an integrated management contract for the Bin Omar and Sindbad oil fields in Basra Governorate between the Basra Oil Company and the American company Halliburton, as part of the government's plans to develop the energy sector.

Oil Minister Bassem Mohammed Khudair Al-Abadi, during his sponsorship of the signing ceremony, said that this five-year contract comes in implementation of the ministry’s strategy aimed at increasing production capacities of oil and associated gas in cooperation with reputable international companies.

The minister explained that the target during the contract period is to raise crude oil production rates in the “Ben Omar” field to reach 150,000 barrels per day, in addition to investing 300 million standard cubic feet (MMcf) per day of associated gas.

Al-Abadi added that production rates in the “Sindbad” field will also witness development to reach between 80,000 and 100,000 barrels per day, with an increase in the capacity of associated gas invested from 240 to 260 million standard cubic feet per day, stressing that these projects will provide great flexibility to equip the country’s electricity production stations.

The Minister of Oil affirmed that the Ministry is committed to strengthening its partnerships with major international companies, particularly American ones, and overcoming all obstacles to achieve development goals, praising the long experience of Halliburton, which has been operating in Iraq since 2003.  link

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

Tishwash:  "Omoda and Jaiko": Iraqis are experiencing growth by international standards and deserve advanced cars that are subject to strict oversight.

Omoda and Jaeco Motors affirmed their confidence in the Iraqi market, noting that Iraqis are experiencing growth by international standards and deserve advanced cars that are subject to strict oversight, while pledging to provide after-sales services, smart technologies, and an advanced experience that meets the aspirations of customers in global markets. 

The company said in a statement that "the automotive sector in Iraq is witnessing an accelerated phase of transformation, with the official announcement of the entry of the Omoda and Jaico brands into the local market," indicating that "this expansion is not limited to introducing new models only, but comes within a strategy supported by Jameel Motors, the independent international distributor of cars, which has decades of experience in managing distribution operations, supply chains and after-sales services in a number of global markets." 

She explained that “Omoda and Gaiko were able, in a short period of time, to attract the attention of followers of the automotive sector, thanks to their rapid pace of expansion in global markets. Over the past three years, the two brands have recorded a number of outstanding indicators, including the delivery of more than 1.1 million vehicles worldwide, a presence in 70 international markets, and entering a new market at a rate of one market every 16 days, as well as opening 1,364 showrooms and sales centers at a rate of one new facility per day, in addition to expanding into 20 European markets, making them one of the fastest growing brand groups in the European continent.” 

She pointed out that "the global growth of the two brands depends on an integrated system of research, development and manufacturing based on the industrial and engineering capabilities of the Chery Group," explaining that "the production of Omoda and Jaico vehicles is characterized by the use of modern manufacturing technologies and smart production systems, along with strict quality control procedures in various stages of manufacturing." 

She emphasized that "the vehicles undergo intensive testing aimed at ensuring high levels of durability and reliability, while the modern engineering structure, advanced safety systems and smart communication technologies contribute to providing an advanced user experience that meets the aspirations of customers in global markets."  link

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

Tishwash:  China appoints an ambassador extraordinary to Iraq, and he begins his duties in Baghdad.

The new ambassador of the People’s Republic of China to Iraq, Xiang Bo, arrived in the capital Baghdad on Saturday to take up his post and officially begin his duties as Beijing’s 22nd ambassador to the country.

Upon his arrival, the new Chinese ambassador was received by representatives of the Protocol Department of the Iraqi Ministry of Foreign Affairs, along with members of the diplomatic mission from the Chinese embassy.

Xiang Bo emphasized in press statements that China and Iraq are two countries with ancient civilizations, linked by a long history of friendly communication, and that joint cooperation between the two countries has yielded fruitful results in various fields.

The new ambassador considered his assignment to his duties as placing upon him the responsibility to join forces with those concerned in various fields in order to implement the important agreements between the leaderships of the two countries, stressing the importance of raising the strategic Chinese-Iraqi partnership relations and practical cooperation to new levels. link

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

Tishwash:  Recent arrests freeze negotiations to complete Ali al-Zaidi's government 

The Lebanese newspaper An-Nahar reported on Saturday that the recent wave of arrests targeting a number of parliamentarians and political figures in Iraq has hampered negotiations to complete the formation of the government and brought the issue of vacant ministries to a standstill.

The newspaper quoted political and parliamentary sources as saying that "political forces were preparing to resolve the issue of the nine vacant ministries, namely: Defense, Interior, Planning, Higher Education, Immigration, Reconstruction, Youth, Labor, and Culture, with the start of the new legislative session at the beginning of July."

The sources added that "the arrest campaign led to an almost complete halt in communications between the leaders of the political blocs, which postponed the understandings related to completing the ministerial cabinet of Prime Minister Ali al-Zidi."

According to the newspaper, "the arrests, which included influential political figures, created a new crisis of confidence among political forces, and rearranged their priorities from completing government entitlements to dealing with the legal and political repercussions resulting from those measures."  link

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

Tishwash:  Exclusive: No ministerial appointments accepted, and the formation of al-Zidi's cabinet postponed until after Washington. 

The Shiite Coordination Framework, on Saturday, linked the completion of the ministerial formation of Prime Minister Ali Faleh al-Zaidi’s government to the results of his upcoming visit to the United States, stressing that the vacant ministries will not be decided before his return from Washington.

MP Amer Al-Fayez, a leader in the coordination framework, told Shafaq News Agency that the House of Representatives will resume its work with the start of the new legislative session, with its first regular session to be held next Monday, but the vote on the new ministers will be postponed to a later stage.

Al-Fayez explained that Al-Zidi will submit the names of candidates for the vacant ministerial portfolios after completing his political consultations, noting that the vote on the government cabinet "will not take place before the Prime Minister's visit to the United States, but rather after his return, due to the continued disagreements and obstacles related to the names of some of the candidates."

He added that a number of political blocs "are still working on completing their internal requirements and finalizing their candidates for ministries," which has delayed the completion of the government at the present time.

The leader in the coordination framework confirmed that nine ministries remain vacant in Al-Zidi’s government, denying any discussion within the framework or the House of Representatives regarding the creation of new ministries or the cancellation of others.

These developments coincide with al-Zaidi's anticipated visit to Washington in mid-July, at the invitation of US President Donald Trump, which is seen as a pivotal moment in shaping the relationship between Baghdad and Washington.

According to information obtained earlier by Shafaq News Agency, Al-Zaidi will discuss economic and investment files during the visit, most notably the release of frozen Iraqi financial guarantees in the United States estimated at about $30 billion, in addition to security and political files related to the future of cooperation between the two countries.  link

 

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FRANK26….7-5-26…..“YOU CAN’T SIT WITH US”

KTFA

Sunday Night Video

FRANK26….7-5-26…..“YOU CAN’T SIT WITH US”

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

KTFA

Sunday Night Video

FRANK26….7-5-26…..“YOU CAN’T SIT WITH US”

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=DguV6QpvqBA


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Economics, Chats and Rumors Dinar Recaps 20 Economics, Chats and Rumors Dinar Recaps 20

Rob Cunningham: My Global Wealth Forecast

Rob Cunningham: My Global Wealth Forecast

7-4-2026

I see strong asymmetric upside for XRPL/Ripple/XRP, regardless of short term price changes in XRP because a massive increase in utility, global liquidity depth, institutional defensibility and network relevance is everything.

1) RLUSD Stablecoin is 100% subject to GENIUS Act Law, U.S. Treasury Oversight, New York Department of Financial Services Compliance with Monthly Audits, and BNY Mellon Custody of RLUSD Collateral Requirements.

Rob Cunningham: My Global Wealth Forecast

7-4-2026

I see strong asymmetric upside for XRPL/Ripple/XRP, regardless of short term price changes in XRP because a massive increase in utility, global liquidity depth, institutional defensibility and network relevance is everything.

1) RLUSD Stablecoin is 100% subject to GENIUS Act Law, U.S. Treasury Oversight, New York Department of Financial Services Compliance with Monthly Audits, and BNY Mellon Custody of RLUSD Collateral Requirements.

2) RLUSD operates today, and will continue to serve as, the exact equivalent of a U.S. Treasury Dollar in stablecoin form. With America’s full commitment to keeping the U.S. Dollar as the strongest currency in the world, along with America’s commitment to being the “Crypto Capital of the World”, our future is bright.

2) XRP has No Counter Party Risk. It is non-sovereign in nature, it operates with 100% Clarity, Visibility and Verification whereby all relevant participants, entities and nations have complete free-will consent to accept XRP’s functionality in atomically ledgering value exchanges truthfully.

3) The XRP Ledger is publicly accessible, open-source financial infrastructure: its’ rules are mathematical, transparent and its’ software can be inspected by anyone. XRPL changes require broad global agreement across independent participants with 80% or greater approval rather than the unilateral authority of any single nation, government, NGO, monarchy, private company, or organization.

4) Ripple’s edge is that it has spent since 2012 building for exactly where the global bottleneck exists today: compliant, fast, low-cost, cross-border value exchange with “trustlessness inside.” In essence, Ripple has served as “a founding father” of a global “honest weights and measures” system capable of yielding global peace and prosperity through the decentralization of truth.

RLUSD stablecoins reduce pre-funded capital needs (nostro/vostro is eliminated) and enables faster cross-border settlement, while the XRPL’s DEX with Native AMMs provide native liquidity pools for asset swaps at scale, the world over.

My high-probability worldview for the next 12 months:

1) XRP:RLUSD volume rises massively in settlement activity.

2) Institutional RWA grows into massive production and scale.

3) Institutional Board Defensibility
leads to XRP:RLUSD:XRPL being embraced as virtually risk-free, neutral monetary architecture offering global liquidity, sovereign compliance and extreme efficiencies.

4) The XRP token price will reflect its’ true utility value as the fog of legacy moneychanger’s “rules based order” melts under the the Light of Clarity.

In my view, XRPL will become the top institutional RWA/payment rail. All RWAs don’t automatically require XRP, yet they do require liquidity, settlement, compliance, custody, auditability, and interoperability, so this is where XRP’s optionality expands.

If tokenized assets multiply 500x, the winning rails will not merely be “blockchains.” They will be Regulated Liquidity Networks able to move value across jurisdictions, currencies, stablecoins, collateral pools, and payment corridors.

This reality favors the ecosystem singularly built for this exact job.
The highest-probability impact is not “XRP instantly reprices.”

It is this:

XRP becomes increasingly difficult for institutions to ignore as a neutral bridge asset inside a compliant global liquidity fabric.
If RLUSD becomes trusted cash, RWAs become collateral, XRPL AMMs become liquidity venues, and Ripple’s payment/custody/compliance stack becomes institutional middleware, then XRP sits closer to the center of this flywheel:

asset → collateral → liquidity → payment → settlement → re-use.

My @Freedom250 Forecast:
XRP massively revalues from a little understood, speculative token to liquidity infrastructure. All the world over are welcome to embrace or reject.

Source(s):
https://x.com/KuwlShow/status/2073416826260742351

https://dinarchronicles.com/2026/07/05/rob-cunningham-my-global-wealth-forecast/


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Seeds of Wisdom RV and Economics Updates Sunday Afternoon 7-5-26

Good Afternoon Dinar Recaps,

Iran and Qatar Resume Maritime Trade as Strait of Hormuz Shipping Returns Toward Normal

Iran and Qatar have officially resumed maritime trade after a five-month suspension, marking another sign of improving regional stability following months of conflict. The reopening supports broader efforts to restore commercial shipping through the Strait of Hormuz while ongoing U.S.-Iran technical negotiations continue in Doha. 

Good Afternoon Dinar Recaps,

Iran and Qatar Resume Maritime Trade as Strait of Hormuz Shipping Returns Toward Normal

Iran and Qatar have officially resumed maritime trade after a five-month suspension, marking another sign of improving regional stability following months of conflict. The reopening supports broader efforts to restore commercial shipping through the Strait of Hormuz while ongoing U.S.-Iran technical negotiations continue in Doha. 

Overview

  • Iran and Qatar have resumed maritime trade after a five-month interruption caused by regional conflict.

  • Shipping activity through the Strait of Hormuz is steadily returning as diplomatic efforts continue.

  • The development could improve regional energy exports, trade flows, and supply chain stability across the Gulf.

Key Developments

1. Maritime Trade Officially Resumes

Iran and Qatar have restarted maritime trade following a five-month hiatus that resulted from the 2026 regional conflict. The reopening restores an important commercial route linking Gulf economies and represents another step toward rebuilding normal economic activity.

2. Strait of Hormuz Traffic Continues Recovering

Commercial shipping through the Strait of Hormuz has continued to improve as security conditions stabilize. The return of more regular vessel traffic is helping restore confidence in one of the world's most strategically important energy corridors.

3. Diplomacy Supports Economic Recovery

The resumption of trade comes alongside ongoing indirect technical negotiations between the United States and Iran in Doha, where officials continue working toward a longer-term agreement covering maritime security and navigation through the Strait of Hormuz.

4. Energy and Supply Chains Benefit

As shipping operations normalize, regional energy exports and commercial supply chains are expected to become more reliable. Improved maritime logistics could help reduce transportation costs while supporting international trade across the Gulf region.

Why It Matters

The reopening of maritime trade demonstrates how diplomatic progress can quickly translate into economic recovery. Restoring commercial shipping through the Strait of Hormuz strengthens confidence in global energy markets while helping reduce uncertainty for international businesses and investors.  

Why It Matters to Foreign Currency Holders

Energy exports, global trade flows, and shipping stability influence inflation, commodity prices, and currency markets worldwide. Continued improvements in Gulf trade routes support broader financial stability, which remains important for investors monitoring international monetary developments.

Implications for the Global Reset

  • Pillar 2 – Trade

The resumption of maritime commerce strengthens one of the world's most important international trade corridors, improving supply chains and supporting the gradual normalization of global commerce.

  • Pillar 5 – Energy

A more stable Strait of Hormuz improves the reliability of global oil and liquefied natural gas shipments, supporting energy security while reducing risks to international markets.

Future Outlook

The restoration of maritime trade between Iran and Qatar represents another positive milestone in the broader regional recovery, but lasting stability will depend on continued diplomatic progress. Negotiations surrounding the long-term management of the Strait of Hormuz remain central to ensuring uninterrupted commercial navigation and energy exports. If current talks continue advancing, Gulf trade and shipping activity could steadily return to pre-conflict levels, supporting global economic confidence.

This is not just about two countries resuming trade—it reflects broader efforts to restore one of the world's most critical energy and shipping corridors, strengthening global commerce, supply chains, and economic stability.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Sunday Afternoon 7-5-26

USD/IQD Dips Below 154,000 In Baghdad And Erbil

2026-07-05 03:44    Shafaq News- Baghdad/ Erbil   The US dollar opened Sunday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,900 dinars per 100 dollars, down from the previous session’s 154,250 dinars.

USD/IQD Dips Below 154,000 In Baghdad And Erbil

2026-07-05 03:44    Shafaq News- Baghdad/ Erbil   The US dollar opened Sunday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,900 dinars per 100 dollars, down from the previous session’s 154,250 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,700 dinars and buying prices at 153,600 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-dips-below-154-000-in-Baghdad-and-Erbil

Gold Prices Rise In Baghdad But Slip In Erbil

2026-07-05 05:52    Shafaq News- Baghdad/ Erbil   On Sunday, gold prices rose in Baghdad, hovering around 915,000 IQD per mithqal, while edging lower in Erbil, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 918,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 914,000 IQD, up from Saturday's 883,000 IQD.

The selling price for 21-carat Iraqi gold stood at 888,000 IQD, with a buying price of 884,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 920,000 and 930,000 IQD per mithqal, while Iraqi gold sold for between 890,000 and 900,000 IQD.

In Erbil, 22-carat gold was sold at 958,000 IQD per mithqal, 21-carat gold at 915,000 IQD, and 18-carat gold at 785,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-but-slip-in-Erbil

Syria, Iraq Move To Revive Water Committee With Turkiye

2026-07-05 08:15   Shafaq News- Damascus   Syria and Iraq agreed to strengthen cooperation on managing shared water resources, including exchanging hydrological data and working to revive a trilateral technical committee with Turkiye, a Syrian official said on Sunday.

Obada Al-Mubaid, director of International Water at Syria's Ministry of Energy, told Shafaq News that the technical protocol stipulated the continued data exchange on the Euphrates River, particularly during periods of water scarcity or sudden increases in water releases, to ensure a rapid response and appropriate measures. The agreement also calls for reactivating the joint technical committee involving Syria, Iraq, and Turkiye, subject to the three countries' approval, while strengthening coordination with Turkiye as the upstream country to safeguard the legitimate water rights of Syria and Iraq in accordance with international law.

According to Al-Mubaid, the deal provides for resuming joint training programs and exchanges of expertise in hydrological monitoring, dam operations, drought management, and early warning systems to enhance the capacity of technical staff and improve water resource management.

Additionally, the cooperation aims to establish a permanent institutional framework for technical coordination between Syria and Iraq, improve the management of the Euphrates River, unify technical positions on shared water issues, and strengthen the protection of both countries' water rights.

Last week, Iraq's Ministry of Water Resources and Syria's Ministry of Energy signed the agreement following bilateral talks on cooperation in managing shared water resources and exchanging technical data.

https://www.shafaq.com/en/society/Syria-Iraq-move-to-revive-water-committee-with-Turkiye

Middle East: Growing Objections Within The Framework To The Anti-Corruption Campaign After It Targeted Political And Parliamentary Figures

  Baghdad - One News - 7/05/2026   A report by Middle East Online revealed growing objections within the Coordination Framework forces regarding the anti-corruption campaign led by Prime Minister Ali al-Zaidi, after it targeted prominent political and parliamentary figures during Operation Dawn.  

The report quoted political sources as saying that a number of leaders within the framework criticized the way the arrests were carried out, considering that resorting to special forces and strict security measures created a state of tension within the ruling coalition.  

The sources also indicated that there were complaints about the raids being carried out without prior coordination with political leaders, as well as the leaking of information and photos of the accused before their cases were resolved judicially.  

According to the report, some parties warned that the continuation of the disputes could threaten the cohesion of the ruling coalition, at a time when Al-Zaydi is continuing his campaign, supported by political and popular positions in favor of holding the corrupt accountable and recovering the looted funds.     https://1news-iq.net/ميدل-إيست-اعتراضات-متصاعدة-داخل-الإطا/

Will Al-Zaidi's Campaign Become An Arab Model? Libyans See The Iraqi Experience As A Way To Move From Complaining About Corruption To Holding Those Involved Accountable And Recovering Stolen Funds

Baghdad - One News - 7/05/2026    The extensive campaign by Iraqi authorities to prosecute officials accused of corruption has reopened the debate in Libya about the possibility of launching a similar campaign, amid growing demands to strengthen accountability and recover public funds.  

The London-based Al-Arab newspaper said that the repercussions of the Iraqi campaign were not limited to the Iraqi interior, but extended to Libya, where it became a focus of discussion among politicians, academics and activists who saw it as a model that could be used in confronting corruption.  

According to the report, the scenes of raids on officials’ homes and the issuance of arrest warrants against influential figures have led many Libyans to question whether their country is capable of implementing similar measures, given the ongoing challenges related to political division and weak oversight institutions.  

The report indicated that the comparison between Iraq and Libya is not limited to the extent of corruption, but rather relates to the state’s ability to turn corruption cases into judicial procedures that end with accountability and the recovery of funds, noting that the political division in Libya still limits the effectiveness of the judicial and oversight bodies.  

The report quoted Libyan figures as saying that the problem is no longer in diagnosing the manifestations of corruption, but rather in the absence of the necessary political will to implement effective legal measures, at a time when reform efforts are still linked to consensus between the conflicting institutions.  

He added that the United Nations had previously warned of widespread corruption and mismanagement, particularly in the oil sector, which is the main source of revenue for the Libyan state. Experts believe that the success of any anti-corruption campaign requires the independence of the judiciary, strengthening the work of oversight bodies, and updating legislation regulating the management of public funds.  

The newspaper concluded that the Iraqi experience has raised expectations in Libya regarding the transition from discussing corruption to actual accountability. However, achieving this remains, according to observers, contingent on ending the political division and providing an institutional environment that allows for the independent application of the law.

    https://1news-iq.net/هل-تتحول-حملة-الزيدي-إلى-نموذج-عربي؟-لي/

Iraqi President Outlines Policy On Iran, US, And Armed Factions

2026-07-04 / 14:46  Shafaq News- Baghdad    Baghdad is moving forward with implementing its security agreement with Iran to end the presence of Iranian opposition factions on Iraq’s territory, Iraqi President Nizar Amedi said on Saturday.  

In an interview with Al Hadath TV, Amedi indicated that Baghdad will build ties with Tehran on mutual respect, shared interests, and respect for sovereignty.

Relations with the United States, Europe, and Gulf states are sovereign decisions, he said, noting that Baghdad's ties with Iran or Washington will not come at the expense of one another.

  On restricting weapons to the state, the president pointed out that the government began the first steps toward placing weapons under state control, with some armed factions responding positively. “The process requires caution and wisdom to avoid confrontation and bloodshed while addressing the reasons that led some groups to take up arms.”  

Read more: Sept 30 weapons deadline leaves terms of disarmament unresolved  

“After the coalition's mission ends, Baghdad will evaluate its security needs before deciding on an memoranda of understanding, agreements, or contracts with the United States or other countries to continue developing its military capabilities.”  

Amedi said Iraq rejects any attack on regional countries, especially Gulf states, from Iraqi territory, adding that Iraq's security and Gulf security are linked. He also called for a regional security framework after the end of the war in the region, saying Iraq could play a central role in promoting stability and economic recovery.  

Regarding Turkiye, Amedi said Baghdad is coordinating with Ankara to address the Kurdistan Workers' Party (PKK) issue and the situation in Sinjar. He said the PKK issue “is longstanding and complex, and military action alone cannot resolve it.”  

Read more: Turkiye’s cautious gamble: PKK disarmament and the regional chessboard  

Baghdad and Erbil suffer from several shortcomings, but the constitution remains the basis for managing the relationship. He called on the Kurdistan Region's two main parties to form a government, reactivate parliament, and resolve financial disputes through the federal budget law while guaranteeing the Region's constitutional rights.  

Read more: Into 2026, Baghdad and Erbil face the same disputes with higher stakes  

The president also said the government has a genuine will to fight corruption, describing it as no less dangerous than terrorism. He said no one is above the law and that all corruption cases will be referred to the judiciary.

  رئاسة جمهورية العراق 

spenrotodS9i23hc7fa666h1ah1f0lig36gmm788a2f894417f0i949t6u30 ·

  The highlights of the interview of His Excellency the President of the Republic, Mr. Nizar Amedi, with Al-Hadath Channel:

The meeting of the last four presidents addressed strategic economic and security files, and it was agreed on collaborative work between presidents, political, parliamentary and community forces to prevent Iraq from sliding into the consequences of wars, security and economic crises in the region.

We raised the slogan "Iraq first" and to save the country first, we are all on the same boat, God forbid, if it sinks, everyone will drown.

The corruption file has a real will from the government and supported by all presidents, parliament and political powers, corruption is no less dangerous than terrorism.

Fighting corruption is an irreversible decision, no one is above the law, no red lines in this file, and everyone will be prosecuted.

The confiscation of weapons by the state is one of the most important files of the government, and the recent war has shown the fragility of the Iraqi security situation.

There is a real decision and will to confine weapons by the state in an Iraqi, patriotic, wise way and without bloodshed.

The first steps in the gun confinement file have begun, and there are answers from some factions, seeking to remove the reasons that led to carry arms and raise the slogan of resistance.

With the end of the war in the region, there is an opportunity to create a regional security framework that includes the countries of the region, and Iraq has a key role in it, leading to a regional economic recovery.

The constitution and the law are the rulers in the arms file, and the state will deal with any violation through judiciary and legal means.

Processing the profile of species and confinement of weapons requires caution and wisdom to avoid collisions and bloodshed.

Iraq refuses to target any regional state, especially siblings in the Arab Gulf countries, starting from Iraqi territories, Iraq's security and Gulf security are one.

The arms ban aims to strengthen Iraq's sovereignty and prevent the targeting of neighboring countries from Iraqi lands.

We are working on other security files with Turkey and Iran, including ending the Kurdistan Labor Party file and the Sinjar case.

We continue to implement the security agreement with Iran and to finish the file of Iranian opposition factions located in Iraq.

The current government's approach differs from previous governments since 2003, and we are working to address the accumulated files and make bold decisions in economy, security and sovereignty.

Iraq's relations with Iran are historical, cultural, religious, national and economic, and will be built on the basis of mutual respect, common interests and respect for sovereignty.

Iraq's relations with the United States, Europe and the Gulf countries are an Iraqi thing, and relations with Iran or the United States will not be at the expense of each other.

We seek to strengthen our relationship with the United States and make it a strategic partner in the future to build a strong economy in the region.

The assessment of the need for continuation of international support or to abandon it will be based on the reports and needs of the Iraqi armed forces.

After the mission of the international alliance, Iraq will assess its security situation, and on its basis it will decide to issue memorandums of understanding, agreements, contracts with the United States or others to complete the construction of its military capacities.

We proceed to implement the security agreement with Iran regarding the Iranian opposition in Iraq and to end any threat to the Iranian territories starting from Iraq.

The profile of the Kurdistan Labor Party is tangled and old, the military solution does not end it, Turkey has adopted a peace project with the party, and steps are underway to disarm its elements.

There is high coordination with Turkey to finish the Kurdistan Labor Party file and the Sinjar case, and the matter needs wisdom and patience.

Relations with Syria are evolving and moving from the security file to the diplomatic file, as relations with Damascus continue to improve.

Iraq is seeking to build the best strategic relations with the Kingdom of Saudi Arabia in the economic, political and religious spheres, given the importance of Saudi Arabia as a neighboring and gulf state to Iraq.

The relationship between Baghdad and Erbil has some faults, and the constitution is the protector of this relationship, whereas the problem in the region lies in not forming a new government in the Kurdistan Region and the inactivation of the parliament.

We call on the two major parties in the region for agreement, genuine partnership, the formation of a fully competent government and activate the parliament.

The resolution of the financial disputes between Baghdad and Erbil goes through the budget law and ensuring the constitutional rights of the region.

There is no law on oil and gas despite Iraq's approval on these two suppliers, and there is a need for legislation to solve many problems.

There are more than fifty constitutional articles that have not been regulated by laws so far, in addition to the existence of hundreds of old resolutions, including the decisions of the dissolved Revolutionary Leadership Council, that are not in line with the current reality.

The President of the Republic has the right to present and amend draft laws, and the Presidency of the Republic to cooperate with other authorities to complete the legislation during the current period.

https://shafaq.com/en/Iraq/Iraqi-President-outlines-policy-on-Iran-US-and-armed-factions

USD/IQD Dips Below 154,000 In Baghdad And Erbil

2026-07-05 03:44    Shafaq News- Baghdad/ Erbil   The US dollar opened Sunday’s trading lower in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,900 dinars per 100 dollars, down from the previous session’s 154,250 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,700 dinars and buying prices at 153,600 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-dips-below-154-000-in-Baghdad-and-Erbil

Gold Prices Rise In Baghdad But Slip In Erbil

2026-07-05 05:52    Shafaq News- Baghdad/ Erbil   On Sunday, gold prices rose in Baghdad, hovering around 915,000 IQD per mithqal, while edging lower in Erbil, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 918,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 914,000 IQD, up from Saturday's 883,000 IQD.

The selling price for 21-carat Iraqi gold stood at 888,000 IQD, with a buying price of 884,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 920,000 and 930,000 IQD per mithqal, while Iraqi gold sold for between 890,000 and 900,000 IQD.

In Erbil, 22-carat gold was sold at 958,000 IQD per mithqal, 21-carat gold at 915,000 IQD, and 18-carat gold at 785,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-but-slip-in-Erbil

Syria, Iraq Move To Revive Water Committee With Turkiye

2026-07-05 08:15   Shafaq News- Damascus   Syria and Iraq agreed to strengthen cooperation on managing shared water resources, including exchanging hydrological data and working to revive a trilateral technical committee with Turkiye, a Syrian official said on Sunday.

Obada Al-Mubaid, director of International Water at Syria's Ministry of Energy, told Shafaq News that the technical protocol stipulated the continued data exchange on the Euphrates River, particularly during periods of water scarcity or sudden increases in water releases, to ensure a rapid response and appropriate measures. The agreement also calls for reactivating the joint technical committee involving Syria, Iraq, and Turkiye, subject to the three countries' approval, while strengthening coordination with Turkiye as the upstream country to safeguard the legitimate water rights of Syria and Iraq in accordance with international law.

According to Al-Mubaid, the deal provides for resuming joint training programs and exchanges of expertise in hydrological monitoring, dam operations, drought management, and early warning systems to enhance the capacity of technical staff and improve water resource management.

Additionally, the cooperation aims to establish a permanent institutional framework for technical coordination between Syria and Iraq, improve the management of the Euphrates River, unify technical positions on shared water issues, and strengthen the protection of both countries' water rights.

Last week, Iraq's Ministry of Water Resources and Syria's Ministry of Energy signed the agreement following bilateral talks on cooperation in managing shared water resources and exchanging technical data.

https://www.shafaq.com/en/society/Syria-Iraq-move-to-revive-water-committee-with-Turkiye

Middle East: Growing Objections Within The Framework To The Anti-Corruption Campaign After It Targeted Political And Parliamentary Figures

  Baghdad - One News - 7/05/2026   A report by Middle East Online revealed growing objections within the Coordination Framework forces regarding the anti-corruption campaign led by Prime Minister Ali al-Zaidi, after it targeted prominent political and parliamentary figures during Operation Dawn.  

The report quoted political sources as saying that a number of leaders within the framework criticized the way the arrests were carried out, considering that resorting to special forces and strict security measures created a state of tension within the ruling coalition.  

The sources also indicated that there were complaints about the raids being carried out without prior coordination with political leaders, as well as the leaking of information and photos of the accused before their cases were resolved judicially.  

According to the report, some parties warned that the continuation of the disputes could threaten the cohesion of the ruling coalition, at a time when Al-Zaydi is continuing his campaign, supported by political and popular positions in favor of holding the corrupt accountable and recovering the looted funds.     https://1news-iq.net/ميدل-إيست-اعتراضات-متصاعدة-داخل-الإطا/

Will Al-Zaidi's Campaign Become An Arab Model? Libyans See The Iraqi Experience As A Way To Move From Complaining About Corruption To Holding Those Involved Accountable And Recovering Stolen Funds

Baghdad - One News - 7/05/2026    The extensive campaign by Iraqi authorities to prosecute officials accused of corruption has reopened the debate in Libya about the possibility of launching a similar campaign, amid growing demands to strengthen accountability and recover public funds.  

The London-based Al-Arab newspaper said that the repercussions of the Iraqi campaign were not limited to the Iraqi interior, but extended to Libya, where it became a focus of discussion among politicians, academics and activists who saw it as a model that could be used in confronting corruption.  

According to the report, the scenes of raids on officials’ homes and the issuance of arrest warrants against influential figures have led many Libyans to question whether their country is capable of implementing similar measures, given the ongoing challenges related to political division and weak oversight institutions.  

The report indicated that the comparison between Iraq and Libya is not limited to the extent of corruption, but rather relates to the state’s ability to turn corruption cases into judicial procedures that end with accountability and the recovery of funds, noting that the political division in Libya still limits the effectiveness of the judicial and oversight bodies.  

The report quoted Libyan figures as saying that the problem is no longer in diagnosing the manifestations of corruption, but rather in the absence of the necessary political will to implement effective legal measures, at a time when reform efforts are still linked to consensus between the conflicting institutions.  

He added that the United Nations had previously warned of widespread corruption and mismanagement, particularly in the oil sector, which is the main source of revenue for the Libyan state. Experts believe that the success of any anti-corruption campaign requires the independence of the judiciary, strengthening the work of oversight bodies, and updating legislation regulating the management of public funds.  

The newspaper concluded that the Iraqi experience has raised expectations in Libya regarding the transition from discussing corruption to actual accountability. However, achieving this remains, according to observers, contingent on ending the political division and providing an institutional environment that allows for the independent application of the law.

    https://1news-iq.net/هل-تتحول-حملة-الزيدي-إلى-نموذج-عربي؟-لي/

Iraqi President Outlines Policy On Iran, US, And Armed Factions

2026-07-04 / 14:46  Shafaq News- Baghdad    Baghdad is moving forward with implementing its security agreement with Iran to end the presence of Iranian opposition factions on Iraq’s territory, Iraqi President Nizar Amedi said on Saturday.  

In an interview with Al Hadath TV, Amedi indicated that Baghdad will build ties with Tehran on mutual respect, shared interests, and respect for sovereignty.

Relations with the United States, Europe, and Gulf states are sovereign decisions, he said, noting that Baghdad's ties with Iran or Washington will not come at the expense of one another.

  On restricting weapons to the state, the president pointed out that the government began the first steps toward placing weapons under state control, with some armed factions responding positively. “The process requires caution and wisdom to avoid confrontation and bloodshed while addressing the reasons that led some groups to take up arms.”  

Read more: Sept 30 weapons deadline leaves terms of disarmament unresolved  

“After the coalition's mission ends, Baghdad will evaluate its security needs before deciding on an memoranda of understanding, agreements, or contracts with the United States or other countries to continue developing its military capabilities.”  

Amedi said Iraq rejects any attack on regional countries, especially Gulf states, from Iraqi territory, adding that Iraq's security and Gulf security are linked. He also called for a regional security framework after the end of the war in the region, saying Iraq could play a central role in promoting stability and economic recovery.  

Regarding Turkiye, Amedi said Baghdad is coordinating with Ankara to address the Kurdistan Workers' Party (PKK) issue and the situation in Sinjar. He said the PKK issue “is longstanding and complex, and military action alone cannot resolve it.”  

Read more: Turkiye’s cautious gamble: PKK disarmament and the regional chessboard  

Baghdad and Erbil suffer from several shortcomings, but the constitution remains the basis for managing the relationship. He called on the Kurdistan Region's two main parties to form a government, reactivate parliament, and resolve financial disputes through the federal budget law while guaranteeing the Region's constitutional rights.  

Read more: Into 2026, Baghdad and Erbil face the same disputes with higher stakes  

The president also said the government has a genuine will to fight corruption, describing it as no less dangerous than terrorism. He said no one is above the law and that all corruption cases will be referred to the judiciary.

  رئاسة جمهورية العراق 

spenrotodS9i23hc7fa666h1ah1f0lig36gmm788a2f894417f0i949t6u30 ·

  The highlights of the interview of His Excellency the President of the Republic, Mr. Nizar Amedi, with Al-Hadath Channel:

The meeting of the last four presidents addressed strategic economic and security files, and it was agreed on collaborative work between presidents, political, parliamentary and community forces to prevent Iraq from sliding into the consequences of wars, security and economic crises in the region.

We raised the slogan "Iraq first" and to save the country first, we are all on the same boat, God forbid, if it sinks, everyone will drown.

The corruption file has a real will from the government and supported by all presidents, parliament and political powers, corruption is no less dangerous than terrorism.

Fighting corruption is an irreversible decision, no one is above the law, no red lines in this file, and everyone will be prosecuted.

The confiscation of weapons by the state is one of the most important files of the government, and the recent war has shown the fragility of the Iraqi security situation.

There is a real decision and will to confine weapons by the state in an Iraqi, patriotic, wise way and without bloodshed.

The first steps in the gun confinement file have begun, and there are answers from some factions, seeking to remove the reasons that led to carry arms and raise the slogan of resistance.

With the end of the war in the region, there is an opportunity to create a regional security framework that includes the countries of the region, and Iraq has a key role in it, leading to a regional economic recovery.

The constitution and the law are the rulers in the arms file, and the state will deal with any violation through judiciary and legal means.

Processing the profile of species and confinement of weapons requires caution and wisdom to avoid collisions and bloodshed.

Iraq refuses to target any regional state, especially siblings in the Arab Gulf countries, starting from Iraqi territories, Iraq's security and Gulf security are one.

The arms ban aims to strengthen Iraq's sovereignty and prevent the targeting of neighboring countries from Iraqi lands.

We are working on other security files with Turkey and Iran, including ending the Kurdistan Labor Party file and the Sinjar case.

We continue to implement the security agreement with Iran and to finish the file of Iranian opposition factions located in Iraq.

The current government's approach differs from previous governments since 2003, and we are working to address the accumulated files and make bold decisions in economy, security and sovereignty.

Iraq's relations with Iran are historical, cultural, religious, national and economic, and will be built on the basis of mutual respect, common interests and respect for sovereignty.

Iraq's relations with the United States, Europe and the Gulf countries are an Iraqi thing, and relations with Iran or the United States will not be at the expense of each other.

We seek to strengthen our relationship with the United States and make it a strategic partner in the future to build a strong economy in the region.

The assessment of the need for continuation of international support or to abandon it will be based on the reports and needs of the Iraqi armed forces.

After the mission of the international alliance, Iraq will assess its security situation, and on its basis it will decide to issue memorandums of understanding, agreements, contracts with the United States or others to complete the construction of its military capacities.

We proceed to implement the security agreement with Iran regarding the Iranian opposition in Iraq and to end any threat to the Iranian territories starting from Iraq.

The profile of the Kurdistan Labor Party is tangled and old, the military solution does not end it, Turkey has adopted a peace project with the party, and steps are underway to disarm its elements.

There is high coordination with Turkey to finish the Kurdistan Labor Party file and the Sinjar case, and the matter needs wisdom and patience.

Relations with Syria are evolving and moving from the security file to the diplomatic file, as relations with Damascus continue to improve.

Iraq is seeking to build the best strategic relations with the Kingdom of Saudi Arabia in the economic, political and religious spheres, given the importance of Saudi Arabia as a neighboring and gulf state to Iraq.

The relationship between Baghdad and Erbil has some faults, and the constitution is the protector of this relationship, whereas the problem in the region lies in not forming a new government in the Kurdistan Region and the inactivation of the parliament.

We call on the two major parties in the region for agreement, genuine partnership, the formation of a fully competent government and activate the parliament.

The resolution of the financial disputes between Baghdad and Erbil goes through the budget law and ensuring the constitutional rights of the region.

There is no law on oil and gas despite Iraq's approval on these two suppliers, and there is a need for legislation to solve many problems.

There are more than fifty constitutional articles that have not been regulated by laws so far, in addition to the existence of hundreds of old resolutions, including the decisions of the dissolved Revolutionary Leadership Council, that are not in line with the current reality.

The President of the Republic has the right to present and amend draft laws, and the Presidency of the Republic to cooperate with other authorities to complete the legislation during the current period.

https://shafaq.com/en/Iraq/Iraqi-President-outlines-policy-on-Iran-US-and-armed-factions

Read More
Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

RISE OF PETRO YUAN?- China Unveils Bold New Yuan Strategy

RISE OF PETRO YUAN?- China Unveils Bold New Yuan Strategy

Lena Petrova:  7-4-2026

The global financial landscape is currently undergoing a significant period of transition. As international trade patterns shift, discussions regarding the role of the U.S. dollar and the rise of alternative financial frameworks have moved to the forefront of geopolitical analysis.

In a recent, insightful conversation with Lena Petrova, political and economic analyst Einar Tangen dissected China’s evolving strategy, providing a nuanced perspective that moves beyond the typical “East vs. West” narrative often found in main stream media.

RISE OF PETRO YUAN?- China Unveils Bold New Yuan Strategy

Lena Petrova:  7-4-2026

The global financial landscape is currently undergoing a significant period of transition. As international trade patterns shift, discussions regarding the role of the U.S. dollar and the rise of alternative financial frameworks have moved to the forefront of geopolitical analysis.

In a recent, insightful conversation with Lena Petrova, political and economic analyst Einar Tangen dissected China’s evolving strategy, providing a nuanced perspective that moves beyond the typical “East vs. West” narrative often found in main stream media.

At the heart of this discussion is the internationalization of the yuan. Rather than seeking an aggressive, overnight overthrow of the U.S. dollar, Tangen argues that China is architecting a parallel financial system.

This strategic approach is designed primarily to facilitate trade with the Global South, offering nations a viable, secondary option for settlements.

By utilizing sophisticated mechanisms—such as the FIMA repo facility, offshore forex trading pilots, and a phased development plan centered in Shanghai—Beijing aims to lower transaction costs and mitigate risks. Crucially, these steps allow for increased currency utility without exposing the Chinese economy to the destabilizing effects of volatile, short-term “hot money” flows.

This economic pivot does not exist in a vacuum; it is deeply intertwined with changing geopolitical realities. The conversation highlights how factors such as trade sanctions, supply chain realignments, and the shifting priorities of nations in Africa, the Gulf, and beyond have accelerated the need for diversified financial infrastructure.

China’s Belt and Road Initiative (BRI) is framed here as a development-focused model, emphasizing shared growth and infrastructure investment. By prioritizing economic interdependence over zero-sum power dynamics, China is positioning itself as a partner that respects national sovereignty and cultural diversity, appealing to emerging markets that are seeking alternatives to traditional hegemony.

The dialogue also addresses the vulnerabilities currently inherent in the U.S.-led financial system. From the perspective presented in the video, mounting national debt and the perceived “weaponization” of international banking networks have begun to erode global confidence.

As trust in the dollar-centric model fluctuates, China is leveraging digital payment technologies, direct currency swaps, and local currency settlements to empower small and medium-sized enterprises (SMEs) across the globe. This bottom-up approach aims to make international trade more inclusive and resilient for developing nations that often find themselves on the periphery of the existing system.

Ultimately, the discussion serves as a reminder of the human element behind macroeconomic trends. Whether analyzing currency swaps or supply chain logistics, the core objective remains the pursuit of stability and sustainable prosperity.

By advocating for a multipolar global order—one rooted in diplomacy, trust, and mutual respect—the conversation underscores that the shifts in finance are, at their core, a testament to the world’s desire for a more balanced and cooperative geopolitical future.

https://www.youtube.com/watch?v=XOwhywVm0kE


Read More
Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Sunday 7-5-2026

KTFA:

Clare:  Iraqi President: We seek a regional security framework, and the resolution of Baghdad and Erbil disputes will be "through the budget."

7/4/2026

Iraqi President Nizar Amidi said on Saturday that there is an opportunity to establish a regional security framework that includes the countries of the region, in which Iraq has a pivotal role, leading to a regional economic recovery.

 He pointed out that resolving the disputes between Baghdad and Erbil goes through the budget law and guaranteeing the constitutional rights of the region. 

KTFA:

Clare:  Iraqi President: We seek a regional security framework, and the resolution of Baghdad and Erbil disputes will be "through the budget."

7/4/2026

Iraqi President Nizar Amidi said on Saturday that there is an opportunity to establish a regional security framework that includes the countries of the region, in which Iraq has a pivotal role, leading to a regional economic recovery.

 He pointed out that resolving the disputes between Baghdad and Erbil goes through the budget law and guaranteeing the constitutional rights of the region.   LINK

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

Clare:  Al-Zaydi calls on Iraqis to report corruption: in exchange for a lucrative financial reward

7/4/2026

On Saturday, Prime Minister Ali al-Zaidi called on Iraqis to report corruption and directed that generous financial rewards be given to informants.

The Prime Minister’s office said in a statement received by Shafaq News Agency: “ Prime Minister Ali Faleh al-Zaidi calls on all citizens to report assets and public funds obtained from corruption crimes, in order to contribute to uncovering, recovering and returning them to the state, based on legal, moral and national responsibility, and out of his concern for public funds and their protection, in compliance with what was stated in the ministerial program.”

He added: Al-Zaydi has directed that a rewarding financial percentage be given to informants in accordance with the law, in appreciation of their national role, and in support of efforts to combat corruption and protect public funds. The special link for communication through this matter will be announced later.  LINK**

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

Clare: Iraqi ports: Basra port receives second oil tanker in 24 hours via the Strait of Hormuz

7/4/2026

A source in the General Company for Iraqi Ports reported on Saturday that the giant oil tanker (Barbados Prosperity) had arrived at the Basra oil port, where it is scheduled to be loaded with two million barrels of crude oil.

The source told Shafaq News Agency, "This tanker is the second to dock at the port in the past 24 hours, after the arrival of the tanker (Kuwait Prosperity) earlier."

The source added that "two additional oil tankers are expected to arrive in the coming hours, after they crossed the Strait of Hormuz and headed towards Iraqi ports," noting that the shipping movement for export and loading operations is proceeding with high flexibility and according to the schedules set for them.  LINK

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  [Iraq boots-on-the-ground report] OMAR:  It's not going to be in July.  It's a process and we have to have some stability because the whole lot of corruption has been developed.  FRANK:  No.  This corruption has existed since the beginning of time.  But for the first time it's gone...It's being eradicated.

Militia Man  I'd like to see they have...the cabinet set before they go to Washington.  I'd like to see the HCL before they come to Washington.  And then I'd like for them to come home and make a big show with the GCC and potentially have a relationship with the Real Effective Exchange Rate for global trade...The data shows powerful things are happening.

Reset Intelligence   A currency earns trust by demonstration and demonstrations need witnesses, public trials, a published theft number, seize tally numbers updated daily, a bank that hunts the smugglers instead of processing them.  Every piece of this week was arranged to be seen by Iraqis, by Washington and by the markets that will eventually be asked to price the results.  The audience is the point.

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

The July 4th Gold Reset: What's Actually True, What's Noise, and What to Do About It

What Changes:  7-4-2026

The US government values its gold reserves at $42 an ounce — a number unchanged since 1973. Gold trades near $3,200 today. That gap is at the center of one of the loudest financial rumors of the year: a government gold reset on July 4th that supposedly sends gold to $10,000.

 In this episode, Mae breaks down what's actually true about this story, the three-question filter for evaluating any financial headline, and the real structural shift happening in the gold market that most coverage is missing entirely. No hype. Just the mechanism, the data, and a calm plan.

https://www.youtube.com/watch?v=hl-ABeQjkAg


Read More
Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Sunday Morning 7-5-26

Basra Oil Company orders full production at major oil fields

2026-07-04 06:49    Shafaq News- Basra   Basra Oil Company has instructed operators at three of Iraq's largest oil fields to restore production and crude exports to full available capacity.

According to an official document, the directive, signed by Operations Director Imad Hassan Lafta, covers the North Rumaila, West Qurna 1, and Artawi oil fields, as well as the Tuba field, which is operated under the South Basra Integrated Division.

Basra Oil Company orders full production at major oil fields

2026-07-04 06:49    Shafaq News- Basra   Basra Oil Company has instructed operators at three of Iraq's largest oil fields to restore production and crude exports to full available capacity.

According to an official document, the directive, signed by Operations Director Imad Hassan Lafta, covers the North Rumaila, West Qurna 1, and Artawi oil fields, as well as the Tuba field, which is operated under the South Basra Integrated Division.

Production and pumping operations to the company's storage facilities resumed at normal capacity from 8:00 p.m. on Friday, in line with operational requirements and production plans.

The move comes as optimism grows over improving stability in energy supply chains through the Strait of Hormuz and the Gulf region, amid diplomatic efforts aimed at easing regional tensions and safeguarding international shipping routes.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency

https://www.shafaq.com/en/Economy/Basra-Oil-Company-orders-full-production-at-major-oil-fields

June 2026 OPEC Output Leaped 3M+ Bpd

2026-07-04 07:53    Shafaq News- Vienna/ Baghdad   OPEC oil production rose to 19.34 million barrels per day (bpd) in June, up 3.3 million bpd from the previous month, as Gulf producers restored supplies after disruptions from the effective closure of the Strait of Hormuz, a Reuters survey found on Saturday.

Kuwait and Iran recorded the largest production gains during the month, while Saudi Arabia, Iraq, Nigeria, and Libya also increased crude supplies. The rebound lifted OPEC's output from its lowest monthly level since at least 2000. Even so, production remained well below the group's target level of more than 25 million bpd.

Earlier this week, S&P Global Commodity Insights reported that around 8.3 million barrels of Iraqi crude remain stranded in the strategic maritime gateway, awaiting shipment.

Iraq, OPEC's second-largest producer, exports about 95% of its crude through southern terminals, leaving it particularly vulnerable to disruptions in Gulf shipping. Eco Iraq, an economic affairs observatory, estimated that the closure of Hormuz, which carries around 20% of global oil supplies, had cost the country about 350 million barrels in lost exports by June 20, equivalent to roughly $37.7 billion in revenue.

The Strait of Hormuz has remained largely closed since Feb. 28 after Iran restricted maritime traffic in response to the US-Israeli war. Washington and Tehran later agreed to resume shipping under a memorandum signed in Switzerland on June 17.

Read more: No exit but Hormuz: Iraq's economic vulnerability exposed

https://www.shafaq.com/en/Economy/June-2026-OPEC-output-leaped-3M-bpd

Tanker Influx Floods Iraq’s Basra Oil Export Terminals

2026-07-04 10:26   Shafaq News- Basra   Iraq’s Basra oil terminal is preparing for an increase in tanker arrivals, hours after the docking of the vessel “Kuwait Prosperity,” a source at the State Company for Iraqi Ports told Shafaq News on Saturday.

The Barbados Prosperity, a giant crude carrier, will load 2 million barrels of Iraqi oil. Two additional tankers are also expected to reach Iraqi waters in the coming hours after transiting the Strait of Hormuz, en route to Basra’s export terminals.

“Shipping and loading operations are continuing without disruption, in line with planned schedules,” the source noted.

Earlier this week, S&P Global Commodity Insights reported that around 8.3 million barrels of Iraqi crude remain stranded at the strategic maritime gateway, pending shipment.

Iraq, OPEC’s second-largest producer, exports about 95% of its crude through southern terminals, leaving it particularly exposed to disruptions in Gulf shipping. Eco Iraq, an economic affairs observatory, estimated that the closure of the Strait of Hormuz, which carries around 20% of global oil supplies, has cost the country about 350 million barrels in lost exports by June 20, equivalent to roughly $37.7 billion in revenue.

The Strait of Hormuz has remained largely closed since Feb. 28 after Iran restricted maritime traffic in response to the US-Israeli war. Washington and Tehran later reached an understanding to resume shipping under a memorandum signed in Switzerland on June 17.

Read more: No exit but Hormuz: Iraq's economic vulnerability exposed

https://www.shafaq.com/en/Economy/Tanker-influx-floods-Iraq-s-Basra-oil-export-terminals

Iran Exports $214.7M In Goods To Iraq Through Mehran

2026-07-04 12:38    Shafaq News- Tehran   Iran exported 609,000 metric tons of goods worth $214.7 million to Iraq through the Mehran border crossing during the first quarter of the current Iranian year, which began on March 21, up 17% from a year earlier.

Cited by Iranian Mehr news agency on Saturday, AIlam Customs Director Sohrab Kamari said exports to Iraq included agricultural products, construction materials such as tiles, ceramics, glass, reinforcing steel, and building stone, as well as cement clinker, iron ore, PVC pipes, and live fish, attributing the increase of demand for construction materials and agricultural products.

Kamari also pointed to a sharp increase in international transit activity through the Mehran crossing, with 31,967 metric tons of transit goods passing through the border point, up 54% year-on-year. The number of transit trucks rose by 476% to 5,991, compared with the corresponding period last year.

https://www.shafaq.com/en/Economy/Iran-exports-214-7M-in-goods-to-Iraq-through-Mehran

Wall Street Journal: Cryptocurrencies Are A Weapon For Tehran And Moscow To Bypass Sanctions

Money and business    Economy News - Follow-up   Iran, Russia, North Korea and other countries targeted by Western sanctions have doubled their use of virtual currencies to evade U.S. pressure.

According to a newspaper report based on data from crypto flow tracking companies, the three countries and other countries targeted by sanctions dealt with about $100 billion worth of cryptocurrencies in 2025 alone.

According to the Wall Street Journal, the aforementioned increase is equivalent to eight times the volume of transactions witnessed in 2024, noting that Iran, Russia, North Korea and other countries targeted by sanctions have become more sophisticated in how they deal with the cryptocurrency market and the creation of their own digital tokens and cryptocurrency trading platforms to circumvent sanctions.

Western officials and crypto analysis companies said Iran and Russia used cryptocurrencies to buy drones and spare parts for weapons.

Russia has also used these currencies to pay the salaries of seafarers who smuggle its sanctioned crude oil around the world. North Korea used cryptocurrencies to buy fuel and military equipment, according to a report published by the Wall Street Journal titled: “How do rogue countries use cryptocurrencies to evade sanctions?”

The use of cryptocurrencies allows these countries to bypass traditional banks, which play a pivotal role in monitoring sanctions imposed on them by the United States and other Western parties.

Denial and criticism

Western officials accuse Pyongyang of stealing cryptocurrencies through “cybercrimes,” accusations Pyongyang called “absurd slanders” and considered the allegations an extension of Washington’s hostile policy against it.

Kremlin spokesman Dmitry Peskov said Russia considered international sanctions illegal under international law, noting that Moscow had “published and developed alternative mechanisms that allow the economy to function normally.”

The Wall Street Journal said Tehran had not responded to a request for comment.

American action and sanctions

According to the newspaper’s report, Western authorities are struggling to keep up with the situation as digital currencies become increasingly popular in evading sanctions. Although the United States has temporarily suspended sanctions on Iranian oil as it negotiates a possible peace deal with Tehran, it still considers sanctions a key tool to pressure adversaries around the world.

Washington is keeping the option of reimposing sanctions on Iranian oil if the two sides do not reach a peace deal that would end their conflict.

In June, Washington imposed sanctions on four Iranian cryptocurrency trading platforms, including Nobitex, the country’s largest trading platform.

U.S. Treasury Secretary Scott Pissant said the United States had seized a billion dollars in Iranian cryptocurrencies. Nubitex and another sanctioned platform, BitBen, denied facilitating any illegal activities and said their customers were private, while the other two platforms did not respond to requests for comment.

In the UK, authorities in May blacklisted one of the world’s largest cryptocurrency exchanges on suspicion of supporting the Russian government. The platform, HTX, said it would work with authorities to address any concerns.

Resolute control of this market is almost impossible, as a large part of the sector is unregulated and transactions are carried out without revealing the identity of the owners, making it complicated to track

https://www.economy-news.net/content.php?id=71013

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Seeds of Wisdom RV and Economics Updates Sunday Morning 7-5-26

Good Morning Dinar Recaps,

Coinbase CEO Says Crypto, AI, and Constitutional Reform Could Help Address America’s Growing Debt Crisis

Coinbase CEO Brian Armstrong has sparked debate by arguing that America’s rising national debt requires structural reform beyond traditional fiscal policy. He suggested that constitutional changes, technological innovation through AI and robotics, and greater adoption of Bitcoin and blockchain technology could all play a role in strengthening the nation's long-term financial future.

Good Morning Dinar Recaps,

Coinbase CEO Says Crypto, AI, and Constitutional Reform Could Help Address America’s Growing Debt Crisis

Coinbase CEO Brian Armstrong has sparked debate by arguing that America’s rising national debt requires structural reform beyond traditional fiscal policy. He suggested that constitutional changes, technological innovation through AI and robotics, and greater adoption of Bitcoin and blockchain technology could all play a role in strengthening the nation's long-term financial future.

 Overview

  • Brian Armstrong warned that the U.S. national debt has reached levels that threaten long-term fiscal stability.

  • He proposed constitutional spending reforms while highlighting Bitcoin and emerging technologies as potential long-term solutions.

  • The comments reflect growing discussions about how digital assets and technological innovation could influence future economic policy.

Key Developments

1. Armstrong Calls for Constitutional Fiscal Reform

Coinbase CEO Brian Armstrong argued that the U.S. Constitution lacks sufficient safeguards to prevent excessive government spending. He suggested future reforms could include limits on federal spending growth or other constitutional mechanisms designed to improve long-term fiscal discipline.

2. National Debt Continues to Rise

Armstrong pointed to the approximately $39 trillion U.S. national debt, noting that interest costs continue to consume a growing share of the federal budget. His comments reflect broader concerns among economists and policymakers about the long-term sustainability of federal borrowing.

3. Bitcoin Presented as a Long-Term Financial Alternative

Armstrong reiterated one of Bitcoin's core investment themes: its fixed supply makes it resistant to inflation caused by expanding government debt and currency creation. He suggested that if fiscal conditions continue to deteriorate, Bitcoin could become an increasingly attractive reserve asset alongside traditional financial instruments.

4. AI and Robotics Could Boost Economic Growth

Beyond cryptocurrency, Armstrong emphasized artificial intelligence and robotics as technologies capable of significantly increasing productivity and economic output. Faster GDP growth, he argued, could improve the nation's debt-to-GDP ratio without relying solely on spending cuts.

5. Alternative Governance Models Discussed

Armstrong also floated the idea of special economic zones or future constitutional amendments that could test new fiscal governance models before broader implementation. While largely conceptual, the proposal reflects growing discussions about modernizing economic policy for the digital age.

 Why It Matters

America's growing debt burden remains one of the most significant long-term economic challenges facing financial markets. As debt levels rise, discussions increasingly include digital assets, artificial intelligence, and technological innovation as potential tools to support future economic growth and financial stability.

Why It Matters to Foreign Currency Holders

Many currency investors closely monitor U.S. fiscal policy because the strength of the U.S. dollar influences global reserve currencies, exchange rates, and international capital flows. Continued discussion around Bitcoin, stablecoins, and blockchain-based financial infrastructure reinforces the growing intersection between traditional finance and digital assets.

Implications for the Global Reset

  • Pillar 1 – Debt

Rising U.S. debt continues to fuel discussions about fiscal sustainability, monetary policy, and potential structural reforms that could reshape the global financial system over the coming decades.

  • Pillar 4 – Technology

The combination of blockchain technology, artificial intelligence, and digital assets is increasingly being viewed as part of the next generation of financial infrastructure capable of improving productivity, payments, and capital markets.

Future Outlook

While Armstrong's proposals remain personal policy recommendations rather than government initiatives, they reflect a growing conversation about how emerging technologies could help address long-term fiscal challenges. Policymakers, financial institutions, and investors are likely to continue debating the roles of Bitcoin, artificial intelligence, and constitutional reform as public debt continues to expand.

Whether these ideas gain broader political support remains uncertain, but the discussion highlights how digital finance is becoming increasingly intertwined with national economic strategy.

This is not just about cryptocurrency—it reflects a broader debate over how governments may use technology, fiscal reform, and digital financial infrastructure to strengthen long-term economic stability in an era of rising global debt.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

~~~~~~~~~~

 🌱 A Message to Our Currency Holders🌱

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

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


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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Late Saturday Evening  7-4-26

Al-Shabaki: Washington Is Practicing Political Blackmail Against Iraq

The Information Agency/Baghdad...  MP Qusay al-Shabaki confirmed on Saturday that the US administration under President Donald Trump is exerting pressure on Iraq to influence some of the country's sovereign decisions.

Al-Shabaki told the Information Agency that “American interference in the country’s internal affairs is increasing day by day, as it exerts significant pressure on some political forces that prioritize their personal interests over the country’s interests in order to implement Washington’s agendas.” He stressed the need to "prevent such interference in national decision-making, as it does not serve the public interest."

Al-Shabaki: Washington Is Practicing Political Blackmail Against Iraq

The Information Agency/Baghdad...  MP Qusay al-Shabaki confirmed on Saturday that the US administration under President Donald Trump is exerting pressure on Iraq to influence some of the country's sovereign decisions.

Al-Shabaki told the Information Agency that “American interference in the country’s internal affairs is increasing day by day, as it exerts significant pressure on some political forces that prioritize their personal interests over the country’s interests in order to implement Washington’s agendas.” He stressed the need to "prevent such interference in national decision-making, as it does not serve the public interest."

He added that "this blackmail practiced by Washington represents clear political pressure aimed at obstructing Iraq's foreign relations with its regional and international environment, and an attempt to impose security and economic dictates that serve American interests at the expense of supreme national interests."

Earlier, Mukhtar Mahmoud, head of the Turkmen Framework Bloc, affirmed that the United States has committed the most heinous wars in the region, noting that it has violated Iraqi national autonomy and targeted security forces and the Popular Mobilization Forces in several provinces. End/25

https://almaalomah-me.translate.goog/news/137389/politics/الشبكي:-واشنطن-تمارس-ابتزازا-سياسيا-ضد-العراق?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Alhurra: Al-Zaydi Continues To Pursue Corruption Networks And Personally Leads The Campaign To Recover Looted Funds

  Baghdad - One News - 7/04/2026   The US-based Al-Hurra News website reported that Iraqi authorities are continuing to pursue corruption networks, noting that the value of money, real estate, gold, and cars that have been seized or impounded so far amounts to hundreds of millions of dollars.  

The website added that the campaign, which began at the start of last week, included the arrest of dozens of government officials, current and former members of parliament, as well as advisors who worked in previous Iraqi governments.  

He explained that the investigations focus on tracking the paths of transferring public funds into private assets, including real estate, vehicles and valuable possessions, as part of the pursuit of funds that were looted during the past years….  

The website indicated that the investigations are likely to expand in the coming days, with expectations of an increase in the value of the seized items and the number of detainees, and the emergence of confessions that may lead to new names.

  https://1news-iq.net/الحرة-الزيدي-يواصل-ملاحقة-شبكات-الفسا/

Prime Minister: We Are Proceeding Steadily And Resolutely In Pursuing The Corrupt, Restoring Rights, And Establishing A State Of Institutions And Justice

Baghdad - One News - 7/04/2026    Prime Minister Ali Faleh al-Zaidi confirmed in a tweet published on his official account on the “X” platform that his government is proceeding firmly and resolutely in pursuing the corrupt, restoring the rights of the state, and establishing a state of institutions and justice, stressing that this approach will not back down no matter how great the challenges or how great the pressures.  

Al-Zaydi expressed his deep gratitude to the Iraqi people for their support of the reform process, appreciating the support of the House of Representatives, the Supreme Judicial Council, religious authorities, and the leader of the Shiite National Movement, Muqtada al-Sadr, in addition to the Coordination Framework, the National Political Council, the Kurdistan Democratic Party, the Patriotic Union of Kurdistan, and the rest of the political forces, security and regulatory agencies, tribal sheikhs, journalists and media professionals.  

The Prime Minister pointed out that this broad national support confirms that combating corruption is not a battle for the government alone, but a battle for the nation in which everyone unites in defense of public funds, the rule of law, and the future of Iraq.      https://1news-iq.net/رئيس-الوزراء-ماضون-بثبات-وحزم-في-ملاحق/

PM:"No Matter the Challenges, We Will Not Back Down from Pursuing Corrupt Officials"

Baghdad - INA - 7/04/2026   Prime Minister Ali Faleh al-Zaidi affirmed on Saturday that the government is committed to pursuing corrupt officials, recovering state funds, and establishing a state based on institutions and justice.  

Al-Zaidi stated in a post on the “X” platform, which was monitored by the Iraqi News Agency (INA): “Our government is proceeding, with unwavering resolve, in pursuing corrupt officials, recovering state funds, and establishing a state based on institutions and justice, and it will not back down from this approach, no matter how great the challenges or how intense the pressures.”  

He added: “We express our deepest thanks and gratitude to our dear Iraqi people, who have taken a genuine and supportive stance towards the reform process.  

We also extend our sincere appreciation to our brothers in the Iraqi Parliament, the Supreme Judicial Council, our great religious authorities, the leader of the Shiite National Movement, His Eminence Sayyid Muqtada al-Sadr, our brothers in the Coordination Framework, the National Political Council, the Kurdistan Democratic Party, the Patriotic Union of Kurdistan, all other forces and parties, the security and oversight agencies, the honorable imams of mosques and places of worship, the sheikhs of our authentic Iraqi tribes, our brothers in the press and media, and all the national forces that stood by the government in its battle against corruption.”

    https://ina.iq/en/politics/50118-pmno-matter-the-challenges-we-will-not-back-down-from-pursuing-corrupt-officials.html

Iraq Recovers $25 Million in Stolen Wealth and Targets $20 Billion in Global Asset Offensive

Stacks of seized Iraqi dinars and US dollars are displayed during a press conference by the Iraqi Federal Commission of Integrity (Nazaha) in Baghdad. The commission announced the recovery of the vast sums of cash, which authorities say had been prepared for money laundering.

The Iraqi Ministry of Justice announced on Saturday the recovery of more than $25 million in misappropriated state funds over a two-year period, alongside the launch of international legal proceedings across five nations to reclaim stolen properties and frozen bank accounts totaling more than $20 billion.

Ministry spokesperson Ahmed Al-Laibi confirmed that the state has secured several landmark victories in international courts, successfully overturning asset freezes and dismissing foreign claims through coordinated efforts with the Federal Integrity Commission under global anti-corruption treaties.

Resolution of High-Profile International Lawsuits

The ministry detailed several prominent international legal disputes that have been resolved in favor of the Iraqi state, neutralizing long-standing financial liabilities inherited from previous administrations.

Key judicial resolutions include:

  • The United States: A U.S. federal court dismissed a lawsuit brought by the Global Trade Creditors foundation, which sought to enforce a prior judgment against Iraq. The court ruled in Baghdad's favor on the grounds of sovereign immunity, a decision subsequently upheld by the U.S. Court of Appeals.

  • Jordan: Legal actions successfully overturned all asset freezes previously placed on Iraqi holdings in Jordanian banks. The freezes originated from a 2010 lawsuit demanding $53 million over historical barter contracts connected to the Ministry of Industry and Trade.

  • Lebanon: Iraqi authorities secured the execution of a domestic judicial formulation in Lebanese courts, enabling the recovery of more than $20.48 billion belonging to the Trade Bank of Iraq.

Targeted Asset Recovery Operations

In addition to large-scale corporate litigation, the Ministry of Justice has successfully repatriated millions of dollars from accounts in regional capital cities and targeted the assets of convicted fugitives.

During the 2025 and 2026 fiscal years, the ministry successfully recovered $3 million in embezzled funds originally belonging to the Municipality of Baghdad (Amanat Baghdad). The capital had been frozen within the Lebanese banking system and has now been transferred to the official account of the Iraqi Embassy in Beirut.

Domestically, judicial authorities finalized rulings to recover more than 332 million dinars from the former director of the Securities Commission. Furthermore, executive procedures are currently underway in Jordan to seize $1.706 billion from a convicted Iraqi fugitive following a favorable ruling in Jordanian courts.

Complexities and Systemic Time Frames

Al-Laibi emphasized that reclaiming state wealth from foreign jurisdictions remains an intricate, long-term operational challenge. Due to the rigorous standards of providing legal proof and the structural differences between the Iraqi judiciary and foreign legal systems, individual asset recovery cases require between 2 to 7 years to achieve full resolution.

The Ministry of Justice reaffirmed that international legal enforcement actions will continue systematically until all identified overseas assets are returned to state control. https://channel8.com/english/news/60887

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FRANK26…7-4-26…WE NO NEED STINKING USD’S

KTFA

Saturday Night Video

FRANK26…7-4-26…WE NO NEED STINKING USD’S

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

KTFA

Saturday Night Video

FRANK26…7-4-26…WE NO NEED STINKING USD’S

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=_NQY-pOQnFU


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America's Story Told by 1,500 Drones 🇺🇸 | America 250 Drone Show

America's Story Told by 1,500 Drones 🇺🇸 | America 250 Drone Show

Open Sky drone Light Shows: 7-4-2026

To celebrate America's 250th Anniversary, Open Sky Productions created a breathtaking drone light show that transforms the night sky into a living story of our nation's history, values, and spirit.

Using 1,500 synchronized drones, this one-of-a-kind production brings iconic American imagery to life, from the American Flag and Founding Fathers to the Statue of Liberty, the bald eagle, and other powerful symbols that have shaped our country for 250 years.

America's Story Told by 1,500 Drones 🇺🇸 | America 250 Drone Show

Open Sky drone Light Shows: 7-4-2026

To celebrate America's 250th Anniversary, Open Sky Productions created a breathtaking drone light show that transforms the night sky into a living story of our nation's history, values, and spirit.

Using 1,500 synchronized drones, this one-of-a-kind production brings iconic American imagery to life, from the American Flag and Founding Fathers to the Statue of Liberty, the bald eagle, and other powerful symbols that have shaped our country for 250 years.

This isn't just a drone light show. It's Storytelling in the Sky.

https://www.youtube.com/watch?v=M1mGlPcjQTE


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