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

Ross: The Thing about the Clarity Act

Ross: The Thing about the Clarity Act

8-4-2026

In 2030 and beyond everyone is going to look back in hindsight at how primitive it seems to consider that in just 2026, the crypto industry was held back as long as it was due simply to a lack of regulation.

There is a nuclear explosion of growth pending in this market.

We’ve seen nothing yet.

Ross: The Thing about the Clarity Act

8-4-2026

In 2030 and beyond everyone is going to look back in hindsight at how primitive it seems to consider that in just 2026, the crypto industry was held back as long as it was due simply to a lack of regulation.

There is a nuclear explosion of growth pending in this market.

We’ve seen nothing yet.

Shocking amount of change on the horizon.

Ash Crypto:  BREAKING:Bernstein says the SEC and CFTC will speed up crypto rulemaking if the CLARITY Act fails. One way or another, crypto clarity is coming.

Thing about the Clarity Act is that even if it passes the Senate, we still wait on the recess for the House to pass it again, then Trump signs, then we wait til:

“Most provisions of the CLARITY Act (Digital Asset Market Clarity Act of 2025, H.R. 3633) are written to take effect 360 days after the date of enactment (signing into law), with adjustments for rulemaking-dependent sections.”

Unless they expedite it.

So the waiting is real but so is the hype.

There’s no denying that the passage will spark the last speculation fueled bullrun in advance of the mass adoption of crypto’s true utility.

That will definitely help pass the time.

The world is watching.

Countries around the world are advancing forward knowing that asset-backed sound money is on the horizon.

A level playing field is imminent in the grand scheme of things.

Kale Halen:  The Darkest Hour Comes Before Dawn…….Okay since a few people have commented that they're exhausted by all of this, I felt like I should add a little perspective. First off, I completely understand. Believe me... I'm more than ready too. That said, I still think there's a legitimate chance the CLARITY Act gets passed before recess, especially now that Senator Thune has said they're going to give it their best shot. It would kinda mirror the last minute Genius Act passage. But let's also be honest... None of us knows when or exactly how this all unfolds. If there's one thing we've learned over the years, it's to stop listening to people who claim they know the exact weekend or sequence of events. We've seen those predictions come and go. So yes, I believe Congress still has an opportunity to do the right thing. Trump has consistently given people the chance to make the right decision before another path becomes necessary. But if they don't... History often takes the other more dramatic route: Crisis. Reaction. Solution. Major reforms rarely happen without enough pressure building first, and right now, the world seems to be at boiling point. Lastly, as I've also been saying for the month of August, many astrological and spiritual traditions view this time as a season of renewal, new beginnings, and stepping into a new chapter. Especially with the rising of Sirius and the 8/8 Lion's Gate symbolizing exactly that. Whether you see it as spiritual or simply symbolic, I love the message. Regardless, I'm choosing excitement over anxiety. NCSWIC




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Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 8-4-26

Good Afternoon Dinar Recaps,

Hormuz Breakthrough? U.S.–Iran Talks Spark Global Market Optimism

Signs of a possible U.S.–Iran agreement are easing fears over the Strait of Hormuz, sending oil lower, boosting global markets, and raising hopes for improved financial stability.

Good Afternoon Dinar Recaps,

Hormuz Breakthrough? U.S.–Iran Talks Spark Global Market Optimism

Signs of a possible U.S.–Iran agreement are easing fears over the Strait of Hormuz, sending oil lower, boosting global markets, and raising hopes for improved financial stability.

Overview

Treasury Secretary Scott Bessent indicated the United States could reach an agreement with Iran "today or tomorrow," signaling that diplomatic negotiations remain active despite recent military tensions.

Financial markets reacted immediately, with oil prices falling, global stock markets advancing, and Treasury yields easing as investors anticipated reduced inflation risks if energy supplies remain secure.

Because the Strait of Hormuz is one of the world's most important energy corridors, any lasting agreement could have significant implications for inflation, interest rates, trade, and the broader global financial system.

Key Developments

1. Diplomatic Momentum Builds

Treasury Secretary Scott Bessent's comments marked one of the strongest public indications yet that negotiations with Iran may be approaching a meaningful breakthrough.

Although no agreement has been finalized, markets interpreted the remarks as a sign that both sides continue pursuing a diplomatic solution rather than further escalation.

2. Markets Respond Immediately

Investors quickly adjusted expectations following the diplomatic news.

  • Oil prices declined sharply as fears of supply disruptions eased.

  • Global stock markets rallied on expectations of lower inflation.

  • U.S. Treasury yields moved lower as investors anticipated reduced pressure on future interest rates.

The market reaction demonstrates how closely investors continue to monitor developments surrounding the Strait of Hormuz.

3. The Strait of Hormuz Remains Critical

The Strait of Hormuz transports approximately one-fifth of the world's seaborne oil exports, making it one of the most strategically important waterways on Earth.

Any improvement in regional stability reduces concerns over shipping disruptions, strengthens confidence in global energy supplies, and helps stabilize transportation costs throughout the global economy.

4. Inflation Outlook Improves

Lower oil prices could provide welcome relief after months of energy-driven inflation concerns.

Cheaper energy generally lowers:

  • Transportation costs

  • Manufacturing expenses

  • Consumer fuel prices

This reduces inflationary pressure throughout the economy and gives central banks greater flexibility when setting monetary policy.

5. Global Financial Implications Extend Beyond Energy

While today's headlines center on diplomacy, the implications reach much further.

Stable energy markets support:

  • Stronger economic growth

  • Lower government borrowing costs

  • Improved investor confidence

  • Greater stability in currency and bond markets

These developments could influence monetary policy decisions well beyond the Middle East.

Why It Matters

The significance of today's developments extends far beyond oil markets. Energy prices influence nearly every sector of the global economy, affecting inflation, consumer spending, business investment, interest rates, and government finances.

If diplomatic progress continues and shipping through the Strait of Hormuz remains secure, policymakers could face less pressure to maintain restrictive monetary policies, supporting broader global economic stability.

Why It Matters to Foreign Currency Holders

  • Lower energy prices can reduce inflation pressures that influence exchange rates.

  • More stable global trade supports stronger international capital flows.

  • Central banks may gain greater flexibility if inflation continues to moderate.

  • Currency markets often respond positively when geopolitical risks decline and investor confidence improves.

Implications for the Global Reset

  • Pillar: Energy

The Strait of Hormuz remains one of the world's most vital energy corridors. A durable diplomatic agreement would strengthen global energy security while reducing one of the largest geopolitical risks facing financial markets.

  • Pillar: Trade

Safer maritime shipping lowers transportation costs, strengthens supply chains, and improves confidence in international commerce. Reliable trade routes remain essential to long-term global economic growth.

  • Pillar: Debt

Lower oil prices help reduce inflation, easing pressure on central banks to maintain higher interest rates. Lower borrowing costs can improve government fiscal conditions while reducing financial strain on businesses and consumers.

Conclusion

Today's market reaction illustrates how closely the global financial system remains tied to developments in the Middle East. A single diplomatic breakthrough can influence oil prices, inflation expectations, interest rates, equity markets, and government borrowing costs within hours.

While negotiations remain ongoing, investors are increasingly optimistic that diplomacy may prevent further disruptions to one of the world's most important energy corridors.

This is not simply about a potential agreement between the United States and Iran—it reflects how energy security, global trade, inflation, and monetary policy remain deeply interconnected in the ongoing modernization and restructuring of the global financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

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Thank you Dinar Recaps

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Iraq Economic News and Points To Ponder Tuesday Afternoon 8-4-26

Oil Rebounds On Renewed Middle East Tensions

2026-08-04 Shafaq News    Oil prices rebounded 1% on Tuesday from a plunge in the previous session, fuelled by concerns that ‌Middle East supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely.

Front-month Brent futures rose $1.12, or 1.3%, to $84.89 a barrel by 0355 GMT after dropping 7% in the previous session to a three-week low.

Oil Rebounds On Renewed Middle East Tensions

2026-08-04 Shafaq News    Oil prices rebounded 1% on Tuesday from a plunge in the previous session, fuelled by concerns that ‌Middle East supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely.

Front-month Brent futures rose $1.12, or 1.3%, to $84.89 a barrel by 0355 GMT after dropping 7% in the previous session to a three-week low.

U.S. West Texas Intermediate (WTI) crude was up ​77 cents, or 1%, at $81.11 after falling more than 5% in the previous session to stand at its ​lowest in nearly a week.

Prices dropped after U.S. President Donald Trump said on Sunday he was ⁠holding off on new attacks on Iran pending ongoing talks to end their war and settle claims over control of the key ​Strait of Hormuz.

The strategic waterway, which connects Gulf oil producers to global markets, was a channel for about a fifth of ​global shipments of crude oil and natural gas before the conflict.

However, on Monday, Iran's Foreign Ministry spokesman Esmail Baghaei rejected Trump's claim, saying no negotiations with the U.S. were taking place and no meetings were scheduled.

"The scale of the sell-off seems fairly overdone, given that there's still considerable uncertainty. ​We’ve been in this situation multiple times before, only to see things unravel," ING analysts said in a note.

"And with Iran ​denying that any talks are underway and Trump issuing warnings if no deal materialises, the backdrop clearly leaves ample room for a renewed ‌escalation."

The Hormuz ⁠dispute is a central sticking-point in talks. Washington says the memorandum of understanding agreed in June required Iran to open the waterway, while Tehran says the text explicitly preserved its authority.

Analysts at Barclays said crude oil and refined product net exports through the strait averaged 4.2 million barrels per day in the week ended July 31, versus 3.2 million the previous week.

In the ​Red Sea, six Saudi-flagged supertankers changed course ​in the Gulf of ⁠Aden recently for southern Africa, while two tankers laden with Saudi oil crossed the Bab el-Mandeb Strait, shipping data showed on Monday.

Shipping traffic at the key Gulf waterways of Bab el-Mandeb and ​the Strait of Hormuz held largely unchanged at the start of the week.

Hormuz remains dangerous for ​vessels. On Tuesday, ⁠the United Kingdom Maritime Trade Operations agency flagged an incident 20 nautical miles (37 km) northeast of Oman's Al Khasab, after a cargo vessel broadcast over VHF channel 16 that it had been hit by an unknown projectile.

"While the fighting between Saudi Arabia and the Houthis ⁠has not ​completely halted energy flows, it has forced longer voyage times, higher insurance ​costs and occasional diversions," said Tim Waterer, chief market analyst at KCM Trade.

"With the Strait of Hormuz, it keeps a dual-chokepoint risk in the market that prevents ​oil from fully unwinding its geopolitical premium."  (Reuters)

https://www.shafaq.com/en/Economy/Oil-rebounds-on-renewed-Middle-East-tensions

Gold Rises As Markets Await Fed Clues

2026-08-04 Shafaq News   Gold nudged ​higher on Tuesday as investors weighed mixed signals on potential U.S.-Iran talks and ‌awaited a series of U.S. labour market reports for clues on the Federal Reserve's interest rate trajectory.

Spot gold rose 0.2% to $4,062.41 per ounce by 0504 GMT. U.S. gold futures rose 0.7% to $4,117.50.

Reports ​on U.S. labour market due this week include job opening data later in ​the day, the ADP employment report on Wednesday and nonfarm payrolls ⁠figures on Friday.

"Gold is currently in a consolidation phase. If we see weakness in ​the job market, it could pressure the U.S. dollar and as result there will be ​gains in gold," said Ajay Kedia, director at Mumbai-based Kedia Commodities.

U.S. President Donald Trump said talks with Iran were under way, warning of a "last chance" for Tehran to sign a good deal, but Iran ​denied that negotiations were being held or planned.

The conflict has driven up energy costs ​and stoked inflation fears, which could prompt central banks to raise interest rates to keep price ‌pressures in ⁠check.

While gold is seen as an inflation hedge, higher rates tend to weigh on the metal as it yields no interest.

Traders currently price in a 65% chance of a rate hike in September after a divided Fed maintained the status quo at its last ​policy meeting.

If bets for ​a September rate-hike ⁠ease, it will support gold prices, Kedia said.

Federal Reserve Bank of New York President John Williams said he remained optimistic that inflation ​pressures are on track to ease gradually, but if they don't, ​the U.S. ⁠central bank will not hesitate to respond with rate hikes.

Citi said in a note that it expects gold prices to stagnate or even decline over the next month, before rallying ⁠to $4,500 ​in the fourth quarter and to $5,000 by the first ​half of next year.

Spot silver gained 1.2% to $58.89 per ounce, platinum firmed 0.9% to $1,641.96 and palladium rose 0.9% ​to $1,275.83.   (Reuters)

https://www.shafaq.com/en/Economy/Gold-rises-as-markets-await-Fed-clues

Basrah Crude Prices Fall With Gains In Global Oil Markets

2026-08-04 Shafaq News- Baghdad   Iraq's Basrah crude prices posted notable losses on Tuesday, even as global oil prices moved higher, according to oil price data reviewed by Shafaq News.

Basrah Heavy crude fell to $51.76 per barrel, down $4.45, or 7.92%, while Basrah Medium crude dropped to $54.06 per barrel, down $4.45, or 7.61%, compared to the previous session.

Brent futures rose $1.12, or 1.3%, to $84.89 a barrel by 0355 GMT. US West Texas Intermediate crude gained 77 cents, or 1%, to $81.11 a barrel.

The gains came amid continued uncertainty over talks aimed at ending the US-Iran conflict and lingering concerns over the security of Middle East oil supplies.

https://www.shafaq.com/en/Economy/Basrah-crude-prices-fall-with-gains-in-global-oil-markets

USD/IQD Holds Ground In Baghdad, Advances In Erbil

2026-08-04 Shafaq News- Baghdad/ Erbil   The US dollar edged higher in Erbil as trading opened on Tuesday, while Baghdad's Al-Kifah and Al-Harithiya currency exchanges were closed due to the Arbaeen holiday.

According to Shafaq News market survey, some exchange shops in Baghdad sold the US dollar at 152,250 dinars per 100 dollars and bought it at 151,250 dinars.

In Erbil, the dollar sold for 152,900 dinars per 100 dollars and bought for 152,750 dinars.

The official exchange rate set by the Central Bank of Iraq stands at 132,000 dinars per 100 dollars.

https://www.shafaq.com/en/Economy/USD-IQD-holds-ground-in-Baghdad-advances-in-Erbil

Iraq Tops Arab Oil, Gas Agreements In July

2026-08-04 Shafaq News- Baghdad   Iraq signed the Arab world’s largest oil and gas deals in July 2026, topping regional energy investment with projects aimed at boosting production and expanding infrastructure, Washington-based energy research platform ATTAQA reported.

Baghdad ranked first after reaching agreements with US companies to advance nine oil fields across Kirkuk, Diyala, Basra, and Dhi Qar. The projects involve ConocoPhillips, Chevron, Halliburton, and HKN Energy and support the government’s goal of raising crude output to 6 million barrels per day, increasing associated gas production, and improving operational efficiency.

The contracts were concluded during Prime Minister Ali Al-Zaidi’s July visit to Washington, where Iraq also reached broader understandings with US companies covering infrastructure and technology.

Oman joined the list with oil field and tanker projects, while Qatar secured contracts for Libya’s Ghadames Basin and the Baleine offshore field in Côte d’Ivoire.

Read more: Iraq-US investment deals depend on implementation

https://www.shafaq.com/en/Economy/Iraq-tops-Arab-oil-gas-agreements-in-July

Gold Market Pauses In Baghdad, Erbil Moves Higher

2026-08-04 Shafaq News- Baghdad/ Erbil   Gold trading remained limited in Baghdad on Tuesday during the Arbaeen* holiday, while 21-carat gold hovered around 880,000 Iraqi dinars per mithqal (about five grams) in Erbil, according to Shafaq News survey.

In Baghdad's gold shops that remained open, imported 21-carat gold from the Gulf ranged from 870,000 to 880,000 dinars per mithqal, while Iraqi gold traded between 840,000 and 850,000 dinars.

In Erbil, where markets operated normally, 22-carat gold sold for 916,000 dinars per mithqal, 21-carat gold for 875,000 dinars, and 18-carat gold for 750,000 dinars.

* Arbaeen, observed this year on Aug. 4, marks the 40th day after the martyrdom of Imam Hussein, the third Shia Imam and grandson of the Prophet Muhammad, and draws millions of Shiite Muslims to Karbala annually, making it one of the largest religious gatherings in the world.

https://www.shafaq.com/en/Economy/Gold-market-pauses-in-Baghdad-Erbil-moves-higher

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More Iraq News Posted by Tishwash at TNT 8-4-2026

TNT:

Tishwash:  Washington begins withdrawing its last troops from Iraq and Kurdistan, ending its military presence.

A report published by Al-Monitor on Saturday (August 1, 2026) revealed that the US military has begun implementing the final phase of its military withdrawal from Iraq by withdrawing its last remaining forces in the Kurdistan Region, along with air defense systems and related military equipment, in a move that represents the conclusion of the plan to end the US military presence in the country.

The report, which was followed up by "Baghdad Today", stated that the withdrawal includes forces stationed in bases within the Kurdistan Region, which represented the last American military presence after the completion of the evacuation of bases located within the areas under the control of the Iraqi federal government at the beginning of this year.

TNT:

Tishwash:  Washington begins withdrawing its last troops from Iraq and Kurdistan, ending its military presence.

A report published by Al-Monitor on Saturday (August 1, 2026) revealed that the US military has begun implementing the final phase of its military withdrawal from Iraq by withdrawing its last remaining forces in the Kurdistan Region, along with air defense systems and related military equipment, in a move that represents the conclusion of the plan to end the US military presence in the country.

The report, which was followed up by "Baghdad Today", stated that the withdrawal includes forces stationed in bases within the Kurdistan Region, which represented the last American military presence after the completion of the evacuation of bases located within the areas under the control of the Iraqi federal government at the beginning of this year.

He noted that the withdrawal process also includes the transfer of air defense systems, radars and military equipment, as part of arrangements to end the American military mission and move to a new framework of security cooperation between Baghdad and Washington.

In September 2024, Baghdad and Washington announced an understanding to end the mission of the international coalition in Iraq and move to a bilateral security relationship, with Iraqi forces taking full control of the Ain al-Asad base in Anbar after the withdrawal of US forces from it. The Iraqi Ministry of Defense also announced the completion of the evacuation of bases located within federal areas.  link

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Tishwash:  Agreement to open a NATO mission office in Baghdad

 National Security Advisor Qasim al-Aboudi and the commander of the NATO mission in Iraq, Lieutenant General Ramon Armada, agreed on Sunday to open a NATO mission office in Baghdad.

The media office of the National Security Advisor said in a statement received by Al-Mirbad that “National Security Advisor, Qasim Al-Aboudi, received today, Sunday, a call via closed-circuit television from the commander of the NATO mission in Iraq, Lieutenant General Ramon Armada.”

He added that "during the call, ways to reduce escalation were discussed, and the need to reach solutions to the recurring crises in the region was emphasized through dialogue and diplomatic channels. Ways to continue NATO's support for the Iraqi armed forces in the areas of consultation, training, and exchange of information and expertise were also discussed."

He noted that "during the call, an agreement was also reached to open a NATO mission office in Baghdad."

Al-Aboudi stressed, according to the statement, that “the role of the NATO mission in Iraq lies in consultation, training, building military capabilities and security advice, as well as providing support in the fields of cybersecurity and artificial intelligence, in addition to building strategic partnerships with NATO countries,” indicating that “the policy of the Prime Minister, Ali Faleh Al-Zaidi, is to be open to all friendly and brotherly countries with regard to development and investment and to support paths that strengthen relations with everyone, in accordance with mutual interests.”

For his part, General Armada affirmed that "the goal of the non-combat advisory and training mission of (NATO) is to develop the capabilities of the Iraqi armed forces to meet potential challenges," noting that "NATO is committed to supporting Iraq according to the priorities set by the Iraqi government."   link

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Tishwash:  Government advisor: Lower oil prices present an opportunity to restructure the economy on a more balanced foundation.

The Prime Minister’s advisor, Mazhar Muhammad Salih, stressed on Sunday the need to adopt a balanced financial reform program to manage the deficit efficiently, while pointing out that the decline in oil prices is an opportunity to restructure the Iraqi economy on more balanced foundations.

 Saleh told the Iraqi News Agency (INA): “The decline in oil prices and the drop in oil revenues pose direct challenges to the Iraqi economy, given the general budget’s heavy reliance on oil revenues to finance public spending. This necessitates adopting a balanced financial reform program based on efficient deficit management and avoiding reliance on a single option that could exacerbate the crisis.”

Saleh added, "In the short term, it is necessary to rationalize government spending by postponing or rescheduling non-priority projects and controlling unnecessary operational expenses, while maintaining spending related to salaries, basic services and social safety nets, in order to limit the negative effects of the crisis on citizens."

He added, “At the same time, it is necessary to develop non-oil revenues by improving the collection of taxes and fees, maximizing revenues from border crossings, and expanding the tax base, in addition to developing productive sectors such as agriculture, industry and tourism, which will gradually contribute to reducing dependence on oil as a primary source of public revenues.”

He pointed out that “domestic borrowing can be a legitimate financial tool to cover part of the deficit if it is used within well-considered limits and to finance temporary needs, but it does not represent a permanent solution,” explaining that “expanding it may lead to a crowding- out effect , where public finances take up a large part of the liquidity available in the market, which raises the cost of bank credit and limits the ability of the private sector to obtain financing and investment, as well as increasing the burden of public debt in the future.”

Saleh explained that "domestic borrowing should be viewed as a complementary option within a broader financial and economic reform program, and not as a substitute for structural reforms."

He stressed that “confronting the repercussions of the decline in oil prices is not limited to managing the financial deficit, but represents an opportunity to restructure the Iraqi economy on more balanced and sustainable foundations, through diversifying sources of income and enhancing the contribution of non-oil sectors to the gross domestic product and public revenues, making oil a resource that supports development and not the sole source of budget financing, and giving the Iraqi economy a greater ability to face the fluctuations of global markets.”  link

Tishwash:   The Minister of Finance requests to appear before Parliament to reveal the truth about the financial crisis in Iraq.

On Monday, Iraqi Finance Minister Faleh Sari submitted a formal request to the Speaker of Parliament to host him at the next parliamentary session dedicated to presenting the financial and economic situation the country is going through.

 Sari said in a statement received by Shafaq News Agency that the request to host the meeting stems from the ministry's keenness to present the people's representatives with an accurate picture of the financial and economic reality, the measures taken by the ministry to ensure the fulfillment of the state's basic obligations, the continuation of the implementation of financial and administrative reform programs, and to explain the most prominent challenges facing public finances in light of the current regional changes.

Iraqi government spokesman Haider al-Aboudi confirmed that Iraq is facing "severe" financial challenges, noting that the government needs about 10.8 trillion dinars monthly to cover employee salaries and public expenses, while the country's oil revenues do not exceed 2.5 trillion dinars.

 Al-Aboudi acknowledged in a televised statement that this financial crisis has directly affected the salary distribution schedule, leading to delays and irregularities in payment compared to previous months, stressing that this situation will continue until the government is able to cover the existing financial deficit.

 Earlier, Iraqi Health Minister Abdul Hussein Al-Moussawi said that the government is facing a liquidity crisis that has made securing salaries its priority, while confirming that the General Company for Marketing Drugs and Medical Supplies (Kimadia) has received only 15% of its budget, which has led to its bankruptcy, the disruption of new contracts, and the threat to drug supplies. link



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

News, Rumors and Opinions Tuesday 8-4-2026

KTFA:

Clare:  Channel8 Exclusive: Iraq Faces Liquidity Crunch as Oil Revenues Fall

 At a Glance

Iraq faces a cash liquidity shortage.

July salary funding remains under pressure.

Oil revenues have dropped sharply.

KTFA:

Clare:  Channel8 Exclusive: Iraq Faces Liquidity Crunch as Oil Revenues Fall

 At a Glance

Iraq faces a cash liquidity shortage.

July salary funding remains under pressure.

Oil revenues have dropped sharply.

Borrowing and currency printing under discussion.

Information obtained by Channel8 indicates that Iraq is facing a severe liquidity crisis following a sharp decline in oil revenues, prompting discussions about domestic borrowing and the possible printing of new currency to finance public-sector salaries and government spending.

Key Statements and Focus Area

Channel8 has learned that Iraq is facing an immediate cash shortage to finance salaries.

More than $7 billion has been withdrawn from foreign currency reserves this year.

Oil revenues have reportedly fallen by 80% due to disruptions to exports through the Strait of Hormuz.

Officials are weighing borrowing and currency issuance as possible short-term solutions.

Liquidity Shortage Puts Pressure on Public Finances

Information obtained by Channel8 shows that Iraq is experiencing a shortage of Iraqi dinar liquidity, making it increasingly difficult for the government to finance public sector salaries and operational expenditures.

The financial strain follows a sharp decline in oil revenues linked to disruptions affecting exports through the Strait of Hormuz.

Dilan Ghafour, a member of the Parliamentary Finance Committee, said Iraq is considering two main options to manage the current financial shortfall until export conditions improve.

The options include domestic borrowing and printing additional Iraqi dinars.

She noted that any decision to issue new currency would require careful assessment against Iraq's foreign exchange reserves to avoid increasing inflation.

According to Ghafour, the government has relied on loans from Rafidain Bank and Rasheed Bank in recent months to help finance salary payments.

However, She said the lending capacity of the two state-owned banks is limited and cannot indefinitely cover the government's financing needs.

She added that Iraq could also use its foreign currency and gold reserves as collateral to secure domestic or international loans if necessary.

Reserves Decline as Spending Continues

According to the latest monetary data, Iraq's foreign currency reserves have fallen from $101 billion at the beginning of the year to $93.67 billion after more than $7 billion was withdrawn over the past five months to finance government expenditures.

Iraq requires approximately 8 trillion Iraqi dinars each month to pay public sector salaries.

According to the information obtained by Channel8, only 4.5 trillion dinars have been made available for July salary payments because of the sharp decline in oil revenues.

FYI

Iraq's economy remains heavily dependent on oil exports, which provide the majority of government revenue. The country previously relied on its foreign currency reserves during the war against ISIS and the COVID-19 pandemic before rebuilding them through higher oil prices. Economists view Iraq's foreign exchange holdings and 174.6 tons of gold reserves as key financial buffers that can help absorb economic shocks and support borrowing during periods of fiscal pressure.   LINK

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

Frank26 The monetary reform education of the process of lifting the three zeros is beginning to be explained in great detail almost every day now to all the Iraqi citizens.  That is the phase you are in...

Reset IntelligenceIraq's smallest banknotes have vanished from the market stalls. Baghdad sent its top financial advisor on TV to explain why.  He is the same official who wrote the plan to replace them with coins, 15 years ago. Newsflash...Coins only exist where the smallest unit of a currency is worth something. The IQD at today's rate does not justify a single coin press. So what is Baghdad preparing?

Jeff  Question: "How does [dropping the zeros] give [Iraqi citizens] purchasing power?" Jeff:  A 25 note, the smaller notes, could buy the same amount as the larger notes.  In other words, you can do more with less.

Ariel   Iraq Is Telling You What They Are About To Do:  Currency Overhaul; Monetary Reformation; Gold Revaluation; Financial Stability. Do You See The Timing? Do You See The Agenda? Do You See The ProgressRedenomination + Revaluation= ?Payday The 3 Zero Project Are In-Country Only.

Chinese Gold Reserve Currency Reset Ahead | Mario Innecco

Liberty and Finance:  8-2-2026

Is the U.S. already in a sovereign debt crisis? In this interview, Mario Innecco argues that surging Treasury yields, de-dollarization, and growing government debt are warning signs of a much larger financial crisis ahead.

 He explains why he believes investors are losing confidence in the Federal Reserve, why capital could rotate out of AI stocks and into gold and silver, and how China's push toward a more physical gold market could reshape the global monetary system.

Mario also discusses the risks posed by rising oil prices, potential diesel shortages, and the geopolitical conflicts that he believes could fuel another wave of inflation.

Watch to hear his outlook on the bond market, precious metals, and the biggest economic risks he believes investors should be watching.

INTERVIEW TIMELINE:

0:00 Intro

1:07 US sovereign debt crisis

8:40 Inflation perception

12:30 Gold & silver

18:00 AI & precious metals

21:03 Shanghai gold exchange

26:02 Oil shortages

30:45 Last thoughts

https://www.youtube.com/watch?v=BTR6aCEKTi8




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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Tuesday Morning 8-4-26

Salaries Are Causing Panic Among Iraqis; Parliamentary Action Is Underway To Secure Them.

Information/Special..    MP Duha Laibi Al-Bahadli revealed today, Monday, a parliamentary move to host the Minister of Finance inside the House of Representatives, to discuss the issue of salaries and to identify the most prominent financial challenges facing the process of securing them.

Salaries Are Causing Panic Among Iraqis; Parliamentary Action Is Underway To Secure Them.

Information/Special..    MP Duha Laibi Al-Bahadli revealed today, Monday, a parliamentary move to host the Minister of Finance inside the House of Representatives, to discuss the issue of salaries and to identify the most prominent financial challenges facing the process of securing them.

Al-Bahadli told Al-Maalouma that "the issue of salaries affects the livelihood security and social stability of millions of Iraqis, which necessitates that it be at the forefront of the House of Representatives' priorities, by hosting the Minister of Finance and the concerned authorities to learn about the size of the financial deficit and the available liquidity, and to discuss ways to ensure the regularity of salary payments."

She added that "the hosting aims to put in place clear and sustainable solutions that prevent employees and retirees from bearing the consequences of financial imbalances."

Al-Bahadli pointed out that “salaries represent a legal and living right that should not be subject to postponement or be limited to temporary solutions, or have their disbursement linked to a decrease in financial revenues.”

She explained that "the House of Representatives will closely monitor all procedures related to salary disbursements and track any delays in their release," emphasizing its commitment to obligating the government to establish a consistent mechanism that guarantees regular payments and prevents any manipulation of citizens' rights, particularly those of employees and retirees. (End of page 25)

https://almaalomah-me.translate.goog/news/140159/politics/الرواتب-تثير-رعب-العراقيين-تحرك-نيابي-لتأمينها?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

The Crisis Is Worsening... Will Salaries Be Paid Every 45 Days After The Government Hinted At Its Inability To Address The Issue?

Information/Report..    The crisis of delayed salary payments has created a wave of panic among Iraqis, especially after statements by ministers in the Al-Zaidi government regarding the difficulty of securing those salaries as was customary in the past, due to the lack of financial liquidity that the state is suffering from, following the paralysis that affected oil exports due to the crisis in the Strait of Hormuz and the absence of export alternatives.

Observers and economists believe that the government is required to take urgent and immediate action to ensure that salaries continue to be distributed on their scheduled dates, as they are the main driver of the country's economic cycle, on which more than 40 million Iraqis depend.

Meanwhile, parliamentary moves have emerged to discuss the repercussions of this crisis and to ascertain its true nature, by hosting the Ministers of Finance and Oil, to find out if the government has put in place solutions to avert the risks that threaten the salaries of a large segment of Iraqis.

In this context, MP Duha Laibi Al-Bahadli revealed in a statement to Al-Maalouma that there is a parliamentary move to host the Minister of Finance in the House of Representatives to discuss the issue of salaries and to identify the most prominent financial challenges facing the process of securing them, indicating that the issue of salaries affects the livelihood security and social stability of millions of Iraqis, which requires that it be at the top of the priorities of the House of Representatives. 

Al-Bahadli pointed out that “salaries represent a legal and living right that cannot be subject to postponement or be satisfied with temporary solutions, or have their disbursement linked to a decrease in financial revenues,” noting that “the House of Representatives will closely follow all procedures related to the disbursement of salaries, and monitor any delay in their release, stressing the work to obligate the government to put in place a fixed mechanism that ensures the regularity of disbursement and does not tamper with the rights of citizens, especially employees and retirees.”

In turn, the head of the Al-Faw Zakho bloc, MP Amer Abdul-Jabbar, warned in a statement to Al-Maalouma of “the worsening financial crisis, stressing that the deficit required to secure employee salaries is estimated at about 3 trillion dinars,” while he pointed out that “the continued disruption of oil exports through the Strait of Hormuz raises serious concerns about its repercussions on public revenues, which may push the government to delay the disbursement of employee Salaries during the next month.”

Abdul-Jabbar added that "the House of Representatives will discuss during its upcoming sessions the repercussions of the financial crisis and its impact on the salaries of state employees, in addition to discussing measures to ensure the continued payment of salaries and address the financial deficit."

Iraqis are increasingly concerned that the salary payment cycle might be extended to 45 days instead of 30, especially after government statements indicated the need to adapt to a new salary disbursement mechanism. This comes in light of the sharp decline in revenues resulting from the cessation of the main source of income the state relies on for liquidity. Meanwhile, the public awaits serious and urgent government measures to address the crisis, ensure the regular payment of salaries, and end the growing anxiety among employees and retirees.

https://almaalomah-me.translate.goog/news/140177/report/الأزمة-تتفاقم-هل-ستصرف-الرواتب-كل-45-يوما-بعد-تلويح-الحكومة?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Channel8 Exclusive: Iraq Faces Liquidity Crunch As Oil Revenues Fall

Shanya Salar   At a Glance

  • Iraq faces a cash liquidity shortage.

  • July salary funding remains under pressure.

  • Oil revenues have dropped sharply.

  • Borrowing and currency printing under discussion.

Information obtained by Channel8 indicates that Iraq is facing a severe liquidity crisis following a sharp decline in oil revenues, prompting discussions about domestic borrowing and the possible printing of new currency to finance public-sector salaries and government spending.

Key Statements and Focus Area

  • Channel8 has learned that Iraq is facing an immediate cash shortage to finance salaries.

  • More than $7 billion has been withdrawn from foreign currency reserves this year.

  • Oil revenues have reportedly fallen by 80% due to disruptions to exports through the Strait of Hormuz.

  • Officials are weighing borrowing and currency issuance as possible short-term solutions.

Liquidity Shortage Puts Pressure on Public Finances

Information obtained by Channel8 shows that Iraq is experiencing a shortage of Iraqi dinar liquidity, making it increasingly difficult for the government to finance public sector salaries and operational expenditures.

The financial strain follows a sharp decline in oil revenues linked to disruptions affecting exports through the Strait of Hormuz.

Dilan Ghafour, a member of the Parliamentary Finance Committee, said Iraq is considering two main options to manage the current financial shortfall until export conditions improve.

The options include domestic borrowing and printing additional Iraqi dinars.

She noted that any decision to issue new currency would require careful assessment against Iraq's foreign exchange reserves to avoid increasing inflation.

According to Ghafour, the government has relied on loans from Rafidain Bank and Rasheed Bank in recent months to help finance salary payments.

However, She said the lending capacity of the two state-owned banks is limited and cannot indefinitely cover the government's financing needs.

She added that Iraq could also use its foreign currency and gold reserves as collateral to secure domestic or international loans if necessary.

Reserves Decline as Spending Continues

According to the latest monetary data, Iraq's foreign currency reserves have fallen from $101 billion at the beginning of the year to $93.67 billion after more than $7 billion was withdrawn over the past five months to finance government expenditures.

Iraq requires approximately 8 trillion Iraqi dinars each month to pay public sector salaries.

According to the information obtained by Channel8, only 4.5 trillion dinars have been made available for July salary payments because of the sharp decline in oil revenues.

FYI

Iraq's economy remains heavily dependent on oil exports, which provide the majority of government revenue. The country previously relied on its foreign currency reserves during the war against ISIS and the COVID-19 pandemic before rebuilding them through higher oil prices. Economists view Iraq's foreign exchange holdings and 174.6 tons of gold reserves as key financial buffers that can help absorb economic shocks and support borrowing during periods of fiscal pressure.  

https://channel8.com/english/news/62873

Iraqi Finance Minister Requests Urgent Parliamentary Hearing on Financial Crisis

Daban Mohammed       At a Glance

  • Iraqi Finance Minister requested an urgent hearing.

  • The session will expose economic realities.

  • Strait of Hormuz blockade has crashed monthly oil revenue from $6 billion to $1 billion. 

Iraqi Finance Minister Faleh al-Sari has formally requested an emergency parliamentary hearing to brief the Council of Representatives on the country's deepening financial crisis.

Key Statements and Focus Area 

  • Al-Sari noted that the move aims to maintain transparency with lawmakers while reviewing ministry measures to keep the state afloat and push forward with administrative reforms.

According to a Monday statement from his media office, al-Sari asked the Parliament's Presidency to host him "in the earliest upcoming parliamentary session." 

The Minister intends to lay bare the country's economic reality and outline the severe pressures hitting public finances due to volatile regional conflicts. 

lawmakers are publicly debating even more drastic measures. Dilan Ghafour, a Kurdish MP and member of the parliamentary Finance Committee, said the state is weighing domestic borrowing against printing new currency to cover the gap.

Ghafour warned that printing fresh dinars is a dangerous gamble that requires a strict calculation against foreign reserves to avoid triggering runaway inflation. 

She added that while limited loans from state banks currently keep salaries moving, Iraq may soon have to pledge its gold and foreign currency reserves as collateral to secure larger international or domestic loans.

FYI

The financial outlook remains bleak. A military blockade at the Strait of Hormuz has choked off Iraq's critical oil exports, starving the treasury of immediate cash. 

For a country that relies on oil for over 90% of its state revenue, the impact is devastating: monthly oil inflows have plummeted from a steady $6 billion down to just over $1 billion.

This export collapse has triggered a massive cash crunch. The Ministry of Finance needs 7.8 trillion Iraqi dinars every month just to cover public payrolls, but it faced a crippling 3.3 trillion dinar deficit for July payouts alone.

As a result, millions of civil servants, pensioners, and social welfare recipients are facing staggered, weeks-long delays on their checks.

To cope with the shortfall, the government has abandoned plans for an independent 2026 budget altogether. Officials have instead pivoted to writing the 2027 draft, leaving current state spending operating under a restrictive 1/12th emergency rule.

Desperate for cash, the state is looking at high-stakes workarounds. The government is currently pushing parliament to pass a 10 trillion dinar Emergency Borrowing Law to keep daily operations running.  https://channel8.com/english/news/62910

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Seeds of Wisdom RV and Economics Updates Tuesday Morning 8-4-26

Good Morning Dinar Recaps,

BRICS Payment Push Accelerates: Alternative Trade Systems Gain Momentum

BRICS nations are advancing local-currency trade and cross-border payment infrastructure, signaling another step toward a more diversified global financial system.

Good Morning Dinar Recaps,

BRICS Payment Push Accelerates: Alternative Trade Systems Gain Momentum

BRICS nations are advancing local-currency trade and cross-border payment infrastructure, signaling another step toward a more diversified global financial system.

Overview

BRICS leaders are accelerating efforts to expand trade settlement in local currencies while developing alternative payment infrastructure that reduces reliance on traditional dollar-based systems.

The focus has shifted away from creating a single BRICS currency and toward building practical payment networks that connect national financial systems.

Although the U.S. dollar remains the world's dominant reserve and trade currency, the continued expansion of alternative payment mechanisms reflects a long-term structural shift in global commerce.

Key Developments

1. BRICS Prioritizes Payment Infrastructure

Rather than introducing a common currency, BRICS members are concentrating on interoperable payment systems that allow businesses to settle trade directly in national currencies.

The objective is to make cross-border payments:

  • Faster

  • Less expensive

  • Less dependent on traditional Western financial infrastructure

2. Local Currency Trade Continues to Expand

Several BRICS members have steadily increased the use of local currencies in bilateral trade over the past several years.

Officials believe greater use of domestic currencies can:

  • Reduce exchange-rate costs

  • Lower dependence on the U.S. dollar

  • Increase financial resilience during geopolitical disruptions

3. Alternative Payment Networks Continue to Develop

Discussions surrounding BRICS Pay and stronger connections between national payment systems continue to move forward.

Rather than replacing SWIFT overnight, these systems are intended to provide additional payment channels that countries can use when traditional settlement methods become slower, more expensive, or politically constrained.

4. Global Financial Competition Is Increasing

Economists note that de-dollarization is becoming more practical than previously believed, largely because payment technology has improved dramatically.

Even supporters acknowledge that the U.S. dollar remains dominant, but they also recognize that more countries are seeking diversified payment options for trade, investment, and reserves.

Why It Matters

The global financial system is gradually becoming more multipolar rather than centered around a single payment network or reserve currency.

While these initiatives are unlikely to replace the U.S. dollar in the near future, they could reshape how international trade is settled over the coming decade by giving nations additional financial choices.

Why It Matters to Foreign Currency Holders

Growing use of local-currency settlement could gradually influence demand for major reserve currencies over time.

For foreign currency holders, the key trend is not an immediate replacement of the dollar but the steady diversification of global payment systems, which may eventually affect exchange-rate dynamics, reserve management, and international capital flows.

Implications for the Global Reset

  • Pillar 2: Trade

The expansion of local-currency settlement and alternative payment infrastructure represents another step toward a more diversified global trading system, reducing reliance on a single settlement network.

  • Pillar 4: Technology

Modern payment technology is becoming a strategic tool in global finance. Interoperable payment systems and digital financial infrastructure could fundamentally change how international commerce is conducted over the next decade.

Conclusion

The latest BRICS initiatives demonstrate that the discussion has evolved beyond creating a single currency. The immediate focus is building practical payment infrastructure that enables faster and more flexible international trade.

Although the U.S. dollar remains the world's dominant reserve currency, the continued development of alternative settlement systems represents a significant structural evolution in global finance.

This is not simply about reducing reliance on the U.S. dollar—it reflects the broader modernization of global trade as nations build parallel payment infrastructure designed to create a more diversified and resilient international financial system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

~~~~~~~~~~

🌱 A Message to Our Currency Holders🌱

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

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


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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

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

Rob Cunningham: One Ultimate Token Question

Rob Cunningham: One Ultimate Token Question

8-3-2026

One Ultimate Token Question

“If all ‘powers that be’ were forced to vote in support of one, and only one, ‘synthetic hegemonic currency’ the world must adopt today, and use for the next 10 years, with no wiggle room, delays or excuses, what token would be chosen, today?”

ANSWER:

XRP.

Rob Cunningham: One Ultimate Token Question

8-3-2026

One Ultimate Token Question

“If all ‘powers that be’ were forced to vote in support of one, and only one, ‘synthetic hegemonic currency’ the world must adopt today, and use for the next 10 years, with no wiggle room, delays or excuses, what token would be chosen, today?”

ANSWER:

XRP.

Under this forced-choice condition – one existing token, elected today, able to function as the world’s synthetic hegemonic currency for the next ten years – XRP would be THE MOST RATIONAL SELECTION.

Not because every government, central bank or commercial institution presently supports XRP.

It would win because it requires the major powers to surrender less sovereignty to one another than all the alternatives.

7 Reasons XRP Wins This Vote

A “Synthetic Hegemonic Currency” must be able to:

1) bridge – not replace – national currencies;
2) operate without privileging Washington, Beijing, Brussels or any private stablecoin issuer;
3) provide neutral liquidity across competing monetary networks;
4) settle globally, continuously and rapidly;
5) avoid dependence upon one nation’s fiscal policy, banking system or sovereign debt;
6) connect tokenized deposits, stablecoins, CBDCs, securities and other digital assets;
7) possess a finite, globally recognizable unit of account and settlement.

XRP comes closest to satisfying that complete mandate as an already-existing, proven asset.

Its’ strongest political advantage is precisely what is often misunderstood:

XRP does not require nations to adopt XRP as their domestic currency. It allows them to retain their own currencies while using XRP as NEUTRAL CONNECTIVE LIQUIDITY between them.

This distinction is decisive.

Source(s):
https://x.com/KuwlShow/status/2083995211168964851

https://dinarchronicles.com/2026/08/02/rob-cunningham-one-ultimate-token-question/



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Economics, News DINARRECAPS8 Economics, News DINARRECAPS8

Iraq Economic News and Points To Ponder Monday Evening 8-3-26

Mediation Clears Way For Al-Zaidi's Saudi Visit

2026-08-03 / Shafaq News- Baghdad   Iraqi Prime Minister Ali Al-Zaidi is expected to visit Saudi Arabia next weekfollowing mediation international and domestic efforts that eased tensions between Baghdad and Riyadh, a source told Shafaq News on Monday.  

During the visit the two sides are expected to discuss security cooperation, economic ties, and investment. Saudi Arabia intends to present Al-Zaidi with evidence that allergy shows attacks against the Kingdom were launched from Iraqi territory.  

Mediation Clears Way For Al-Zaidi's Saudi Visit

2026-08-03 / Shafaq News- Baghdad   Iraqi Prime Minister Ali Al-Zaidi is expected to visit Saudi Arabia next weekfollowing mediation international and domestic efforts that eased tensions between Baghdad and Riyadh, a source told Shafaq News on Monday.  

During the visit the two sides are expected to discuss security cooperation, economic ties, and investment. Saudi Arabia intends to present Al-Zaidi with evidence that allergy shows attacks against the Kingdom were launched from Iraqi territory.  

Read more: Iraq under regional pressure as neighbors threaten to strike Iran-aligned factions

Last week, Al-Zaidi announced the formation of a joint security committee to address threat against neighboring countries originating from Iraq.  

Iraqi PM on July 29 canceled a planned visit to Riyash hours after US and Saudi warplanes carried out strikes on Popular Mobilization Forces (PMF) positions across seven Iraqi provinces. A government source told Shafaq News that the decision was made in response to the rapidly evolving security situation.  

Read more: Iraq’s security crisis tests PM Al-Zaidi’s agenda

https://www.shafaq.com/en/Iraq/Mediation-clears-way-for-Al-Zaidi-s-Saudi-visit

Shafaq News Investigates: The Government Is Moving Towards Borrowing 3 Trillion And The Internal Debt Is "Exploding"

2026-08-02 Shafaq News - Baghdad    The Iraqi government is entering a financial phase that is considered one of the most sensitive in years, after the salaries of millions of employees and retirees turned into the biggest challenge facing the public treasury.

With shrinking liquidity and declining oil revenues, pressure on public finances has increased, and the government is increasingly resorting to exceptional financing tools to provide the necessary liquidity to cover its monthly obligations, primarily salaries, which account for the largest share of public spending.

These indicators come at a time when financial pressures are expected to increase in the coming months, with the expansion of government obligations and a decline in the margin of financial maneuvering, due to the disruption of oil exports through the Strait of Hormuz to global markets, which in turn is witnessing military tensions that may extend for months to come.

Crisis figures

Shafaq News Agency learned from three high-ranking sources in the Ministry of Finance, and a source close to Iraqi Prime Minister Ali al-Zaidi, that the Iraqi government is facing increasing financial pressures that may prevent it from securing the salaries of state employees for the month of August from the currently available liquidity.

According to the sources, the government is moving towards resorting to internal borrowing during this month from a number of private banks, confirming that it will borrow more than three trillion dinars, with the aim of providing the necessary funds to pay the salaries of employees during this month.

She pointed out that the annual interest rate on government borrowing instruments is 5.25%, indicating that the size of the internal debt owed by the government currently ranges between 106 trillion and 125 trillion dinars.

The sources added that Iraq lost $30 billion during the past five months as a result of the disruption of oil exports through the Strait of Hormuz, which directly affected public revenue flows and the liquidity available to finance operating expenses.

This comes at a time when Iraqi economic researcher Ziad al-Hashemi has warned that Iraq has entered a phase of "financial hardship," with the government acknowledging a shortage of liquidity after months of denying the existence of a crisis.

Al-Hashemi said in a post on the “X” platform that the current crisis is not only related to the decline in oil revenues, but reflects years of mismanagement of resources and uncontrolled spending, noting that revenues are depleted before they reach the state treasury due to corruption, waste and accumulated financial obligations.

He also explained that overcoming the crisis requires radical financial reforms that include reducing waste, combating corruption, controlling the payroll, and developing non-oil revenues, warning that financial reserves will not be able to protect the state from recurring crises if current policies continue.

Government Vision

Regarding how Iraq reached this stage, and the urgent measures required to reduce the effects of the liquidity crisis on citizens and the economy, the Iraqi Prime Minister’s economic advisor, Mazhar Muhammad Salih, said that what Iraq is going through does not represent a sudden financial crisis, but rather is the result of accumulated structural imbalances in public finances that became clearly apparent with any disruption to the oil market or export activity.

Speaking to Shafaq News Agency, Saleh said that the Iraqi budget’s reliance on oil revenues by more than 90% has made public finances extremely sensitive to any decrease in prices or exports, at a time when current spending has expanded over the past years, especially in the area of salaries, wages and social assistance, compared to the limited contribution of non-oil sectors to financing the state.

According to the government advisor, weak economic diversification, low efficiency in tax and customs collection, delays in financial and administrative reforms, as well as high fixed budget obligations, have all reduced the government's ability to maneuver when revenues decline.

He added that the solution should not be limited to overcoming the current crisis, but should turn into an opportunity to restructure the economy by rationalizing public spending, postponing unnecessary projects, and improving the efficiency of the use of funds, while maintaining salaries, basic services, and social safety nets.

Saleh also warned that borrowing, although a tool available when needed, must remain within carefully considered limits and not become a permanent means of financing operating expenses, as this could increase debt burdens and affect the private sector’s ability to obtain financing.

These statements coincide with the admission by the Iraqi Minister of Health, Abdul Hussein Al-Moussawi, last Thursday, that the government is facing a liquidity crisis that has made securing salaries its priority, while he confirmed that the General Company for Marketing Drugs and Medical Supplies (Kimadia) has received only 15% of its budget, which has led to its bankruptcy, the disruption of new contracts, and the threat to drug supplies.

Following the statements of the Minister of Health, the Minister of Finance, Faleh Al-Sari, made another statement confirming the existence of a real financial deficit that hinders the completion of the disbursement of salaries for employees, retirees and social welfare beneficiaries, noting that the total monthly obligations for salaries amount to about 7 trillion and 800 billion dinars.

Loan To Guarantee Salaries

In contrast, Samir Al-Nassiri, an advisor to the Association of Iraqi Private Banks, believes that the government has managed to provide liquidity through internal borrowing over the past months, stressing that employee salaries are still secured and will not be interrupted.

Al-Nassiri explained to Shafaq News Agency that the borrowing mechanism involves the Ministry of Finance issuing treasury bills, which the Central Bank then rediscounts, thereby bolstering bank reserves and providing the government with necessary liquidity. He emphasized that this process does not entail using citizens' deposits or withdrawing depositors' funds, but rather represents a financial tool used by the state to cover its temporary needs.

He added that the decline in oil revenues has led to a widening fiscal deficit, prompting the government to rely on domestic borrowing tools to ensure continued funding of spending, primarily salaries. He explained that the ability to borrow domestically may continue until the end of the year if the current conditions remain unchanged.

Al-Nassiri concluded by saying that the government may have to take additional measures, including rationalizing spending, resorting to other financing options, passing legislation related to loans and grants, as well as working to increase oil exports through alternative outlets to the Strait of Hormuz.

But economic researcher Ahmed Eid believes that private banks cannot be the main solution to the liquidity crisis, pointing out that they already suffer from a weak deposit base due to low public confidence in the banking sector and the reliance of a large segment on keeping money outside the banking system.

Eid told Shafaq News Agency that the banks' ability to finance the economy or expand lending remains limited unless deposits increase and financial inclusion and electronic payment tools expand.

He warned that increasing the government’s reliance on borrowing from banks could deplete the liquidity available to the banking system and reduce its ability to finance the private sector and productive projects, which would raise the cost of financing and weaken economic activity.

He indicated that the priority should be to build a banking sector that is more capable of mobilizing savings, enhancing confidence in banks, and diverting their resources from financing the government deficit to supporting development and investment.

Iraqi government spokesman Haider al-Aboudi had previously confirmed that Iraq is facing "severe" financial challenges, noting that the government needs about 10.8 trillion dinars per month to cover employee salaries and public expenditures, while the country's oil revenues do not exceed 2.5 trillion dinars.

Al-Aboudi acknowledged in a televised statement that this financial crisis directly affected the salary distribution schedule, leading to delays and irregularities in their disbursement as was the practice.

The Fragility Of The Oil Model

Professor of International Economics, Nawar Al-Saadi, believes that the current crisis has revealed the fragility of the Iraqi economic model in an unprecedented way.

Al-Saadi confirmed in his interview with Shafaq News Agency that Iraq relies on oil to secure the largest part of its budget revenues, while a large percentage of its oil exports pass through the Strait of Hormuz, which means that any disruption in this route directly affects the state’s ability to finance its obligations.

He pointed out that the monthly operating expenses exceeding ten trillion dinars, most of which goes to salaries, pensions and social welfare, created a financial gap that quickly appeared in the form of delays in salary payments, adding that the current crisis is not just an oil price crisis, but a cash flow and revenue crisis.

Al-Saadi pointed out the need to move along three parallel tracks:

First, ensure the continued payment of salaries by reprioritizing spending and postponing unnecessary expenses.

Secondly, to expedite the activation of alternative export outlets through Türkiye, Syria and others to reduce dependence on a single outlet.

Third, providing temporary liquidity through domestic debt instruments and managing reserves prudently, while avoiding any financing that could lead to increased inflation and harm the purchasing power of citizens.

The Economic Affairs Observatory “Eco Iraq” announced on July 19 that Iraq extracted about 440.3 million barrels of oil during the first half of 2026, while the loss in production amounted to about 302.8 million barrels compared to the normal rate, as a result of the repercussions of security and military tensions in the region.

It is worth noting that analysts in the energy and geopolitics sectors have warned that Iraq will be among the countries most affected if the disruption to navigation in the Strait of Hormuz continues, given that oil flows from the Gulf remain at about 50% of pre-war levels, equivalent to a decrease of at least 10 million barrels per day from regional supplies.  

https://www.shafaq.com/ar/تقارير-وتحليلات/شفق-نيوز-تتقصى-الحكومة-تتجه-لاقتراض-3-تريليونات-والدين-الداخلي-ينفجر

Al-Mada: The Value Of Selling 1,000 Of Saddam Hussein's Palaces And Part Of State Properties Reaches $150 Billion

latest news Monday, August 3, 2026   Baghdad - One News - Al-Mada newspaper reported that the estimated number of palaces and presidential facilities built during the previous regime was about one thousand palaces and facilities, including about 200 within the capital, Baghdad.

  The newspaper noted that the functions of these palaces changed after 2003, as some of them were converted into government headquarters, others were used for political or partisan purposes, while some of them were converted into resorts and tourist sites.  

Al-Mada stated that the pressures related to securing salaries have revived the option of selling part of these assets, within a broader plan presented by Prime Minister Ali Faleh al-Zaidi last June to the forces of the Coordination Framework under the title “Exiting Socialism.”  https://1news-iq.net/المدى-قيمة-بيع-1000-من-قصور-صدام-حسين-وجزء/

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Seeds of Wisdom RV and Economics Updates Monday Afternoon 8-3-26

Good Afternoon Dinar Recaps,

Federal Reserve Outlook and Rising Treasury Yields Continue to Pressure Families and Global Markets

Uncertainty surrounding future Federal Reserve policy and rising Treasury yields are keeping financial markets on edge, influencing borrowing costs, investment decisions, and the broader outlook for the global economy.

Good Afternoon Dinar Recaps,

Federal Reserve Outlook and Rising Treasury Yields Continue to Pressure Families and Global Markets

Uncertainty surrounding future Federal Reserve policy and rising Treasury yields are keeping financial markets on edge, influencing borrowing costs, investment decisions, and the broader outlook for the global economy.

Overview

  • Federal Reserve officials remain divided over the next interest rate move, with some policymakers arguing inflation may require tighter monetary policy.

  • Treasury yields have continued to rise, reflecting expectations that interest rates could remain elevated for longer than previously anticipated.

  • Higher borrowing costs continue affecting households, businesses, governments, and global financial markets, making Federal Reserve policy one of the most closely watched drivers of the world economy.

Key Developments

1. Fed Officials Signal Inflation Remains a Concern

Several Federal Reserve officials continue to emphasize that inflation remains above the central bank's long-term 2% target, leading some policymakers to advocate for maintaining a restrictive policy stance. While no immediate rate increase has been announced, markets continue evaluating whether additional tightening could become necessary if inflation proves more persistent.

2. Treasury Yields Reflect Expectations for Higher Rates

U.S. Treasury yields have remained elevated as investors reassess the outlook for monetary policy. Rising yields generally signal expectations that interest rates may stay higher for longer, increasing financing costs throughout the economy while influencing bond markets, mortgage rates, and corporate borrowing.

3. Families Continue Feeling the Impact

For many Americans, elevated interest rates continue to translate into higher mortgage payments, more expensive auto loans, increased credit card interest, and higher costs for personal borrowing. Businesses also face higher financing expenses, often leading companies to delay expansion plans, reduce investment, or pass increased costs along to consumers.

4. Global Markets Closely Watch Every Fed Signal

Because the U.S. dollar remains the world's primary reserve currency, Federal Reserve decisions extend well beyond the United States. Changes in U.S. interest rates influence global capital flows, government borrowing costs, currency valuations, commodity prices, and international investment decisions, making every Fed communication significant for financial markets worldwide.

Why It Matters

Federal Reserve policy determines the price of money throughout much of the global economy. When borrowing costs remain elevated, economic activity often slows as consumers spend less, businesses invest more cautiously, and governments devote larger portions of their budgets to servicing debt.

Although inflation has moderated from previous highs, many families continue waiting for meaningful relief in the cost of housing, food, transportation, and everyday living expenses. Lower inflation alone does not immediately reduce prices; rather, it slows the pace at which prices continue rising.

Why It Matters to Foreign Currency Holders

Foreign currency holders closely monitor Federal Reserve policy because U.S. interest rates influence the strength of the dollar and global liquidity. Decisions made in Washington frequently affect currency markets worldwide, shaping investment flows and the relative value of many international currencies.

Implications for the Global Reset

  • Pillar 1: Debt

Higher interest rates increase borrowing costs for households, businesses, and governments, placing greater pressure on debt sustainability while reinforcing the importance of sound fiscal management.

  • Pillar 3: Assets

Treasury yields influence the pricing of stocks, bonds, gold, cryptocurrencies, and other financial assets. Shifting expectations for future Federal Reserve policy continue to drive capital flows across global markets.

This is about much more than the next Federal Reserve meeting—it highlights how the cost of money influences every level of the global economy, from family budgets to government finances, and remains a central force shaping the evolution of the international financial system.

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

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Mario Innecco: The Monetary Reset, Japan's Debt Crisis & Undervalued Miners | Old Gold

Mario Innecco: The Monetary Reset, Japan's Debt Crisis & Undervalued Miners | Old Gold

OldGold:  8-3-2026

In this episode of Old Gold, Eric Robinson and Jeremy Gray sit down with maneco64's Mario Innecco to discuss the shifting global monetary system, why gold has now overtaken US Treasuries as the world's primary reserve asset, and why gold and silver miners remain deeply undervalued heading into what all three see as the next explosive leg of the bull market.

The conversation also covers Japan's snowballing sovereign debt crisis, the risk of social unrest as wealth inequality widens, and whether Bitcoin has become just another risk asset tracking the Nasdaq.

Mario Innecco: The Monetary Reset, Japan's Debt Crisis & Undervalued Miners | Old Gold

OldGold:  8-3-2026

In this episode of Old Gold, Eric Robinson and Jeremy Gray sit down with maneco64's Mario Innecco to discuss the shifting global monetary system, why gold has now overtaken US Treasuries as the world's primary reserve asset, and why gold and silver miners remain deeply undervalued heading into what all three see as the next explosive leg of the bull market.

The conversation also covers Japan's snowballing sovereign debt crisis, the risk of social unrest as wealth inequality widens, and whether Bitcoin has become just another risk asset tracking the Nasdaq.

00:00 - Intro: Catching Up With Maneco64's Mario Innecco

02:08 - Laiva Gold's Finland Trip & Chancery's Open Raise

04:20 - A New Monetary Era and the End of Bretton Woods

09:20 - Gold Overtakes Treasuries as the World's Reserve Asset

14:13 - Wealth Inequality and the Risk of Social Unrest

15:52 - Is Bitcoin Becoming Just a Risk Asset?

17:53 - Japan's Snowballing Debt Crisis

22:58 - Why Junior Miners Remain Undervalued

25:46 - The Real Cost to Rebuild Pilar, Laiva & Tucano

26:35 - Buying Four Mines at Deep Discounts

27:41 - Permitting: The Real Barrier to Entry

29:01 - AI's Hidden Commodity Supercycle

32:19 - Tungsten's Explosive Price Move & What's Next

33:23 - Closing Remarks: Gold's Next Big Move

https://www.youtube.com/watch?v=WGFYlHogt48



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