Iraq Economic News and Points To Ponder Tuesday Evening 7-28-26
Will They Remove Three Zeroes From The Dinar
The Iraqi federal government is considering two additional measures to address its financial crisis: borrowing domestically and internationally and removing three zeros from the Iraqi dinar, a currency redenomination intended to simplify transactions, strengthen confidence in the dinar, and help manage inflationary pressures caused by increased money printing.
Will They Remove Three Zeroes From The Dinar
The Iraqi federal government is considering two additional measures to address its financial crisis: borrowing domestically and internationally and removing three zeros from the Iraqi dinar, a currency redenomination intended to simplify transactions, strengthen confidence in the dinar, and help manage inflationary pressures caused by increased money printing.
By: Hawre Tofiq
It is clear that, due to the war, the Strait of Hormuz has been closed, significantly restricting oil exports and causing a sharp decline in public revenues. As a result, the federal government is facing a crisis in financing its operational budget, particularly the payment of public sector salaries. To address this situation, it has taken the following steps:
1. Printing More Iraqi Dinars
During Prime Minister Mohammed Shia' Al-Sudani's government, additional Iraqi dinars have been printed to pay salaries. While this measure has helped solve the immediate problem of salary payments, it could lead to long-term inflation because of the increased money supply.
2. Two Additional Plans Under Consideration
The government is now considering two further options:
First: Domestic and foreign borrowing.
Second: Removing three zeros from the Iraqi dinar.
The Iraqi government is reportedly considering deleting three zeros from the national currency. For example:
25,000 Iraqi dinars would become 25 dinars after removing three zeros.
Likewise, all other currency denominations would be adjusted accordingly.
Instead of expressing figures in billions, they would be expressed in millions.
The objective of this move is to preserve the value of the Iraqi dinar. Since a large amount of currency has already been printed, the government fears inflationary pressure. It also intends to revalue the exchange rate against the U.S. dollar.
For example, after removing the three zeros, US$100 could be exchanged for 150 Iraqi dinars instead of the current denomination. The government also believes this measure could help reduce the apparent size of operational budget expenditures, including salaries.
3. Legal and Constitutional Requirements
Monetary and financial policy requires legal backing. The proposal to remove three zeros from the Iraqi dinar would normally require legislation, making it a politically sensitive issue that may be difficult to pass in Parliament.
To address this, the government has explored another legal route. The Prime Minister requested that the Federal Supreme Court of Iraq issue an interpretive ruling regarding the powers of the Council of Ministers under Article 80, Paragraph Third of the Iraqi Constitution, which authorizes the Council to issue decisions, regulations, and instructions.
The Prime Minister asked whether the Council of Ministers could issue regulations and instructions even if Parliament had not explicitly delegated that authority in a specific law.
The Federal Supreme Court ruled that, regardless of whether a law expressly grants such authority, the Council of Ministers possesses an inherent constitutional power to issue regulations, instructions, and decisions.
This ruling opens the door for the government to proceed with removing the three zeros from the Iraqi dinar through a governmental regulation, without first obtaining parliamentary approval. That this is a highly technical monetary and financial issue that deserves careful analysis and discussion by financial and economic experts.
From A Rentier Economy To Production: The Government Sets Goals For The Next Decade
Baghdad Today - Baghdad The Prime Minister’s financial advisor, Mazhar Muhammad Salih, announced on Monday (July 27, 2026) that the government has developed a plan to raise non-oil revenues to 46% within ten years, noting that the government is proceeding to enhance the private sector’s contribution to 54% of the GDP.
Saleh said in a press statement followed by “Baghdad Today”, that “the government’s fiscal policy during the next ten years aims to achieve economic stability and sustainable development, through diversifying revenue sources and strengthening the role of the private sector in the national economy”, noting that “the fiscal policy has a pivotal planning path, whose priorities are to achieve the two goals of economic stability and sustainable development, and the government will continue to implement its tools and procedures through the federal general budget, by restructuring public expenditures and revenues, in a way that contributes to restructuring the real economy at the macro level.”
He added that "the financial path aims to achieve two main goals during the next ten years, the first of which is to diversify non-oil revenue sources to reach about 46% of total public revenues, compared to no more than 10% or less at the present time, while the second goal is to raise the contribution of the private sector to the gross domestic product from about 37% to 54% during the next decade."
Saleh explained that "the financial plan stems from the conviction that diversifying public revenues and reducing the burdens imposed by a single-sector rentier economy go hand in hand with increasing the contribution of the private sector to the gross domestic product, because expanding the contribution of the private sector enhances the diversification of the national economy and increases opportunities for investment, production and employment."
He pointed out that "the principles and mechanisms of financial planning for the future of Iraq are based on gradually enhancing the added value produced by the private sector, which supports diversifying the structure of the gross domestic product and enhances the sustainability of economic growth."
Saleh explained that “revitalizing the productive sectors, expanding the investment base, and implementing strategic projects with a direct impact on local development are key pillars for creating sustainable job opportunities and reducing unemployment rates to single digits, reaching about 3% of the total workforce, instead of its current level of 13%.”
He stressed that "the economic philosophy upon which the process of sustainable development and achieving stability in Iraq is based is based on an effective partnership between the state and the market, which ensures the integration of the public and private roles in building a diversified economy that is more capable of facing future challenges."
https://baghdadtoday.news/303984-.html
Mid-August Is The Deadline... The Formation Of The Government Enters Its Final Stage.
Baghdad Today - Baghdad The issue of completing the cabinet has entered a new phase of political activity, following indications of a convergence of positions among the blocs regarding the vacant portfolios, at a time when attention is turning to the House of Representatives to resolve this long-awaited entitlement, amid expectations that the nominated names will be put to a vote during the middle of next August.
MP Ali Nahir said in a press statement followed by “Baghdad Today”, that “the completion of the ministerial cabinet will be in the middle of next month, especially after the understandings that took place between the political blocs regarding ministerial entitlements”, indicating that “its completion also means the completion of citizens’ rights.”
For his part, MP Jawad Rahim Al-Saadi said that “the completion of the cabinet was supposed to have taken place before the Prime Minister’s visit to the United States, but its resolution was postponed pending the arrival of the candidates’ names,” noting that “the number of remaining ministerial portfolios is nine.”
For his part, Walaa al-Jizani, deputy head of the Badr parliamentary bloc, confirmed that “the deliberations between the political blocs are still ongoing based on entitlements,” expecting to proceed with the vote on the remaining ministerial cabinet “in the middle of next August.”
This statement comes amid ongoing negotiations between political forces to complete the formation of the new government, after a number of ministerial portfolios were decided and other positions, including deputy prime ministers and some service ministries, remain subject to negotiation between blocs according to the principle of electoral entitlement and political balances, amid anticipation of the announcement of the final formula of the government cabinet in the coming days.
https://baghdadtoday.news/303974-.html
The Head Of The Integrity Commission Affirms The Continued Pursuit Of Corrupt Individuals Without Pause.
Information/Baghdad... The head of the Federal Integrity Commission, Mohammed Ali Al-Lami, affirmed on Tuesday that Iraq is moving steadily towards establishing a safe and stimulating environment for development and investment, thanks to concerted national efforts to combat corruption and dry up its sources, stressing that Iraq's battle against corruption is ongoing and knows no borders.
Al-Lami said in a speech in Turkey, which was followed by Al-Maalomah, that “Iraq is moving forward with steady steps in establishing a safe and stimulating environment for development and investment, thanks to the concerted national efforts to combat corruption and dry up its sources,” stressing that “completing these efforts requires effective international cooperation to track down and recover smuggled Iraqi funds.”
Al-Lami explained that “Iraq looks forward to strengthening cooperation with friendly countries, especially the Republic of Turkey, in the field of pursuing funds and proceeds obtained from corruption crimes, and exchanging information and expertise, in a way that contributes to recovering smuggled funds and returning them to the public treasure to be used in infrastructure, services and development projects.”
He pointed out that “Iraq’s success in combating corruption internally should be accompanied by a genuine international partnership based on legal and diplomatic cooperation, in accordance with relevant international agreements, foremost among them the United Nations Convention against Corruption,” stressing that “Iraq’s battle against corruption is ongoing and will not be stopped by borders,” and affirming that “whoever believes that he has found a safe haven outside the country after smuggling Iraqi money is living in a delusion.”
He added that “the competent Iraqi authorities are determined to pursue all legal and international diplomatic means to prosecute the accused and convicted and recover public funds,” explaining that “the money of the Iraqi people funds is a trust that cannot be compromised, and that the commission continues to work in coordination with international partners to prevent the provision of any safe havens for the corrupt, until all smuggled funds are returned to their rightful place in the public treasure.”
He noted that "the agenda and activities of the Prime Minister's official visit to the Republic of Turkey will include discussions on ways to enhance bilateral cooperation between the two countries, particularly in the areas of economy, water, security, and investment.
The visit will also address files and issues of common interest, mechanisms for implementing bilateral agreements and memoranda of understanding, and the follow-up and development of joint infrastructure projects, all in a manner that serves the interests of the two neighboring countries." (End of report 25)
Seeds of Wisdom RV and Economics Updates Tuesday Evening 7-28-26
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U.S.–Iran Tensions Reignite as Jordan Attack, Hormuz Dispute, and Oil Markets Raise Global Risk
Military escalation, maritime security concerns, and renewed volatility in oil markets are reinforcing the close connection between geopolitical conflict and the stability of the global financial system.
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U.S.–Iran Tensions Reignite as Jordan Attack, Hormuz Dispute, and Oil Markets Raise Global Risk
Military escalation, maritime security concerns, and renewed volatility in oil markets are reinforcing the close connection between geopolitical conflict and the stability of the global financial system.
Overview
A reported attack on a U.S. base in Jordan and the interception of Iranian missiles have heightened regional tensions, raising concerns about a broader Middle East conflict.
Iran rejected a proposal regarding shipping management in the Strait of Hormuz, reaffirming its determination to maintain influence over one of the world's most important energy corridors.
Oil prices rebounded sharply following the renewed military developments, underscoring how quickly geopolitical events can reshape global financial markets.
Key Developments
1. Regional Military Tensions Intensify
Reports indicated that a U.S. military installation in Jordan came under attack, while U.S. air defense systems reportedly intercepted Iranian ballistic missiles over Jordanian airspace. Although details continue to emerge, the incidents reflect the ongoing risk that the conflict could expand beyond Iran itself.
Jordan has become an increasingly important strategic location for U.S. and allied operations, making any attack there significant for regional security.
2. Strait of Hormuz Remains a Global Flashpoint
Iran also rejected an Omani proposal that would have shared responsibility for managing shipping traffic through the Strait of Hormuz, instead insisting on maintaining greater operational control over vessels entering the waterway.
Because approximately one-fifth of the world's seaborne oil trade passes through the Strait of Hormuz, uncertainty surrounding navigation continues to influence global energy markets and shipping costs.
3. Oil Markets Respond Immediately
Oil prices reversed earlier declines after reports of renewed military activity.
Brent crude and West Texas Intermediate (WTI) both climbed as traders priced in the possibility of additional supply disruptions should regional hostilities continue.
Although prices remain below their recent highs, energy markets continue reacting rapidly to developments involving Iran and key shipping lanes.
4. Diplomacy Continues Alongside Military Pressure
Despite the renewed tensions, diplomatic efforts have not completely stopped.
Comments from Israeli officials suggested that earlier ceasefire discussions were motivated largely by concerns that prolonged conflict could significantly damage the global economy through higher oil prices and increased inflation.
Markets continue to monitor whether diplomacy can stabilize the region before further military escalation occurs.
Why It Matters
The latest developments demonstrate that geopolitical conflicts increasingly influence financial markets in real time. Energy prices, inflation expectations, shipping costs, and investor confidence can change within minutes as military events unfold across strategically important regions.
Why It Matters to Foreign Currency Holders
Currency values often respond to major geopolitical events. Rising energy costs and market uncertainty can strengthen some reserve currencies while placing additional pressure on countries heavily dependent on imported energy.
For those following potential currency realignments or broader monetary reforms, continued instability around global energy supplies remains an important factor affecting capital flows and international financial conditions.
Implications for the Global Reset
Pillar 2: Trade
The Strait of Hormuz remains one of the world's most critical trade chokepoints. Continued uncertainty surrounding maritime security highlights the importance of resilient global supply chains and diversified trade routes.
Pillar 5: Energy
Energy security continues to play a central role in global financial stability. Even temporary disruptions or heightened risks can influence inflation, monetary policy, commodity markets, and economic growth worldwide.
Closing Thoughts
The renewed tensions illustrate that global financial stability is increasingly tied to geopolitical security. As energy corridors, military strategy, and international diplomacy intersect, developments in the Middle East continue to shape inflation, investment flows, and the evolving structure of the global financial system.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Crypto Briefing — US Base Attack in Jordan Reignites Iran Tensions, Oil Prices Jump
Crypto Briefing — Iran Rejects Oman's Strait of Hormuz Shipping Proposal, Asserts Control
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AMRO lifts Việt Nam growth forecast to 7.5 per cent amid improving regional outlook
KTFA:
Henig: AMRO lifts Việt Nam growth forecast to 7.5 per cent amid improving regional outlook
AMRO has raised its forecast for Việt Nam's economic growth to 7.5 per cent this year, joining a growing number of international institutions that have turned more optimistic about the country's outlook.
HÀ NỘI — The ASEAN+3 Macroeconomic Research Office (AMRO) has raised its forecast for Việt Nam's economic growth to 7.5 per cent this year, citing stronger domestic demand, resilient investment and robust AI-driven technology exports across the region.
KTFA:
Henig: AMRO lifts Việt Nam growth forecast to 7.5 per cent amid improving regional outlook
AMRO has raised its forecast for Việt Nam's economic growth to 7.5 per cent this year, joining a growing number of international institutions that have turned more optimistic about the country's outlook.
HÀ NỘI — The ASEAN+3 Macroeconomic Research Office (AMRO) has raised its forecast for Việt Nam's economic growth to 7.5 per cent this year, citing stronger domestic demand, resilient investment and robust AI-driven technology exports across the region.
AMRO's July update compares its latest GDP growth and inflation forecasts for ASEAN+3 economies. — Source AMRO
The revised projection, up from 7.2 per cent in AMRO's June update, makes the Singapore-based research organisation the latest international institution to upgrade its outlook for Việt Nam following stronger-than-expected economic performance in the first half of the year.
Việt Nam's GDP grew 8.18 per cent in the first half of 2026, up from 7.63 per cent a year earlier, as growth accelerated from 7.83 per cent in the first quarter to 8.39 per cent in the second quarter.
AMRO also raised its forecast for 2027 growth to 7.3 per cent from 7.0 per cent, while lowering its inflation forecasts to 4.3 per cent for 2026 and 3.9 per cent for 2027.
The latest revision follows a series of more optimistic forecasts by international financial institutions.
Standard Chartered recently raised its projection for Việt Nam's GDP growth this year to 9.5 per cent, while Singapore-based UOB lifted its forecast to 8.5 per cent, reflecting confidence in the country's strong domestic demand, manufacturing activity and exports.
Although AMRO's forecast remains more conservative than those of Standard Chartered and UOB, it is above the World Bank's latest projection of 6.8 per cent and the Asian Development Bank's forecast of 7.2 per cent, highlighting growing confidence that Việt Nam will remain one of Asia's fastest-growing economies.
Việt Nam’s 2026 GDP growth forecasts from international institutions alongside the government’s target. — Source: Standard Chartered, UOB, AMRO, ADB, World Bank, HSBC
AMRO's revised outlook comes as it upgraded its forecast for the ASEAN+3 region – comprising the 10 ASEAN member states plus China, Japan and South Korea – to 4.1 per cent growth in 2026 from 4.0 per cent projected in June.
Regional growth is expected to ease slightly to 4.0 per cent next year, while headline inflation has been revised down to 1.6 per cent, pointing to lower global commodity price assumptions.
According to the report, the regional economy has remained resilient despite geopolitical tensions in the Middle East. Household spending has stayed firm, investment has continued to expand and exports have been supported by strong demand for semiconductors and other AI-related products.
At the same time, disruptions to energy and industrial input supplies have proved less severe than initially feared, allowing manufacturing activity to continue expanding.
"ASEAN+3 has remained resilient, supported by firm domestic demand and its central role in global AI supply chains," said AMRO Chief Economist Dong He.
"The impact of the Middle East conflict has also been less severe than initially expected, although elevated energy and input costs continue to pose risks to inflation and industrial activity."
The report said ASEAN+3 exports grew by nearly 20 per cent in the first quarter, with AI-enabling products accounting for almost two-thirds of the increase. Worldwide semiconductor sales also nearly doubled during the first five months of the year as investment in AI infrastructure accelerated.
Tourism also contributed to growth, with international arrivals across the region increasing 7.5 per cent in the first quarter. Việt Nam was among the strongest-performing destinations.
Despite the improved outlook, AMRO warned that significant uncertainties remain.
The organisation said renewed escalation of the Middle East conflict could drive up energy, shipping and food prices, while weaker-than-expected demand for AI-related products could weigh on exports and investment across the region.
AMRO highlighted the technology cycle as one of the biggest risks facing the regional economy.
Under a scenario in which global technology investment slows to its 2024 pace, ASEAN+3 growth could fall to 3.7 per cent in 2026 and 2.5 per cent in 2027, marking the region's weakest expansion since the Asian Financial Crisis, excluding the pandemic years.
The report also pointed to financial market volatility and rising protectionism as key downside risks.
Uncertainty over future US trade measures, together with possible tighter export controls and broader trade restrictions, could increase costs, disrupt regional supply chains and weigh on economic growth.
"The wide range of plausible outcomes underscores the importance of continued vigilance and sound macroeconomic policies," said He.
"Policymakers will need to respond flexibly to differing domestic conditions and rapidly evolving external risks, particularly the AI cycle and the Middle East conflict." — VNS
Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 7-28-26
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U.S. Senate Delays CLARITY Act as Digital Asset Reform Waits Behind Russia Sanctions and Trump Nominees
The Senate temporarily paused consideration of the CLARITY Act to prioritize national security legislation and executive nominations, delaying one of the most significant cryptocurrency market structure bills in U.S. history. While supporters remain optimistic the legislation could still advance before the August 8 recess, the delay highlights the political hurdles facing the future of digital asset regulation.
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U.S. Senate Delays CLARITY Act as Digital Asset Reform Waits Behind Russia Sanctions and Trump Nominees
The Senate temporarily paused consideration of the CLARITY Act to prioritize national security legislation and executive nominations, delaying one of the most significant cryptocurrency market structure bills in U.S. history. While supporters remain optimistic the legislation could still advance before the August 8 recess, the delay highlights the political hurdles facing the future of digital asset regulation.
Overview
The U.S. Senate postponed procedural action on the CLARITY Act while prioritizing Russia sanctions legislation and a large package of Trump administration nominations.
Supporters still hope to pass the bill before the August 8 recess, but the legislative calendar has become increasingly compressed.
The delay underscores how digital asset regulation has become intertwined with broader political, regulatory, and national security priorities.
Key Developments
1. Senate Prioritizes National Security Agenda
Senate Majority Leader John Thune delayed movement on the CLARITY Act after filing cloture on a package of executive nominations while also advancing legislation related to new Russia sanctions. With limited legislative days remaining before the August recess, the crypto bill has temporarily moved behind higher-priority Senate business.
2. CLARITY Act Still Faces Political Challenges
Although negotiations over ethics provisions have progressed in recent weeks, Democratic concerns remain unresolved. Some lawmakers continue pushing for stronger state-level enforcement authority, while others remain concerned about stablecoin regulations, banking issues, and consumer protections.
The delay is procedural rather than a rejection of the legislation, but it reduces the margin for completing Senate action before lawmakers leave Washington.
3. Industry Continues to Push for Action
Major financial institutions and digital asset companies continue urging Congress to complete the legislation this year. Supporters argue the United States risks falling behind other countries that have already established comprehensive digital asset regulatory frameworks.
Several industry leaders warn that continued delays could postpone regulatory certainty well into 2027, potentially slowing investment, innovation, and institutional adoption within the United States.
4. Why the CLARITY Act Matters
The CLARITY Act is designed to establish clear federal rules governing digital assets, define regulatory responsibilities between agencies, and provide businesses with greater legal certainty.
Supporters believe the legislation would strengthen America's competitiveness in blockchain technology while encouraging responsible innovation under a unified regulatory framework.
Why It Matters
Clear financial rules are becoming increasingly important as digital assets move further into the mainstream financial system. While the Senate delay is temporary, the outcome of the CLARITY Act will influence how the United States regulates cryptocurrencies, tokenized assets, and future blockchain-based financial services.
For investors, financial institutions, and technology companies, regulatory certainty may prove just as important as market performance in determining long-term adoption.
Why It Matters to Foreign Currency Holders
Foreign currency holders continue watching U.S. financial reforms closely because modern payment infrastructure and digital asset regulations could eventually support faster, more transparent international settlement systems. Although the CLARITY Act does not directly involve currency revaluations, it represents another step toward modernization of the global financial architecture.
Implications for the Global Reset
Pillar 2: Trade
Clear digital asset regulations could improve cross-border commerce by supporting more efficient payment networks, settlement systems, and tokenized financial markets.
Pillar 4: Technology
The CLARITY Act represents continued progress toward integrating blockchain technology, digital assets, and tokenized finance into the broader financial system while establishing clearer regulatory oversight.
Closing Thought
The delay may have postponed the vote, but it has not slowed the broader transition toward regulated digital finance. As governments refine the rules governing digital assets, the foundation for the next generation of global financial infrastructure continues to take shape.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
CoinGape — Breaking: US Senate Puts CLARITY Act on Hold for Russia Sanctions Bill, Trump Nominations
U.S. Senate — Senate Floor Schedule and Legislative Proceedings
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Iraq Economic News and Points To Ponder Tuesday Afternoon 7-28-26
Oil Drops Over $1 On US-Iran Peace Hopes
2026-07-28 Shafaq News Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes for a resolution in the U.S.-Iran war which significantly disrupted global energy flows.
Brent crude futures were down $1.47, or 1.66%, at $86.89 by 0326 GMT, their lowest since July 20. U.S. West Texas Intermediate crude was at $81.16 a barrel, down $1.45, or 1.76%, also the lowest level since July 20.
Oil Drops Over $1 On US-Iran Peace Hopes
2026-07-28 Shafaq News Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes for a resolution in the U.S.-Iran war which significantly disrupted global energy flows.
Brent crude futures were down $1.47, or 1.66%, at $86.89 by 0326 GMT, their lowest since July 20. U.S. West Texas Intermediate crude was at $81.16 a barrel, down $1.45, or 1.76%, also the lowest level since July 20.
Both contracts slid around 8% in the prior session after the U.S. abruptly suspended a campaign of air strikes against Iran over the weekend.
U.S. President Donald Trump said on Monday the United States was having "good talks" with Iran and that there was a chance of a resolution.
However, he said U.S. strikes would resume if negotiations failed while Iran issued similar comments about retaliation.
"For now, the relief that an off-ramp has been found has taken the heat out of prices and eased concerns around Houthi attacks on Saudi infrastructure.
However, the situation remains highly fluid," IG analyst Tony Sycamore said in a client note.
Afrah al-Zouba, the foreign minister-designate of Yemen's internationally recognised Saudi-backed government, said Yemen-based Houthi fighters aimed to replicate Iran's control of shipping through the Strait of Hormuz at Bab el-Mandeb.
"Whether the Houthis have the military capacity to enforce a comprehensive blockade is questionable, especially given that the Saudis will attack them relentlessly.
Still, there is no doubt that traffic has dropped off significantly in the Red Sea and the Strait of Hormuz," Marex analyst Edward Meir said.
"A key reason prices are not even higher than they are right now is the demand destruction that is taking place, especially in Asia," Meir said.
Also weighing down oil prices was news that the Caspian Pipeline Consortium's Black Sea terminal on the Russian coast has resumed oil loadings, after a one-week stoppage following Ukrainian drone attacks.
Still, analysts warned that the risks to supply disruptions spreading to the Red Sea remain elevated after Saudi Arabia said it shot down drones aimed at petroleum targets, including in Riyadh. It said they had been launched from Iraq by Iran-backed armed groups, and it reserved the right to respond.
Separately, Iran's Houthi allies in Yemen said they had targeted the East-West Pipeline carrying oil to Saudi Arabia's main Red Sea port of Yanbu in retaliation for Saudi drone incursions.
Barclays analysts said in a note on Monday "flows through the strait remain subdued".
They said, in the week ended July 24, crude oil and refined product net exports through the strait averaged 2.9 million barrels a day compared with 5.9 million in the previous week.
Elsewhere, U.S. crude oil stockpiles likely fell last week alongside gasoline, while distillate stocks likely rose, a preliminary Reuters poll showed on Monday. (REUTERS)
https://www.shafaq.com/en/Economy/Oil-drops-over-1-on-US-Iran-peace-hopes
Basrah Crudes Plunge Amid Global Oil Losses
2026-07-28 Shafaq News- Basrah Iraq’s Basrah crude tumbled more than 17% on Tuesday, while major global benchmarks declined.
Basrah Heavy crude dropped by $11.63, or 17.67%, to $54.19 per barrel, while Basrah Medium crude fell by $11.63, or 17.07%, to settle at $56.49 per barrel.
Brent crude futures declined by $1.47, or 1.66%, to $86.89 per barrel, while US West Texas Intermediate crude lost $1.45, or 1.76%, to $81.16 per barrel, with both benchmarks hitting their lowest levels since July 20.
https://www.shafaq.com/en/Economy/Basrah-crudes-plunge-amid-global-oil-losses
Gold Slips Ahead Of Fed Rate Decision
2026-07-28 02:41 Shafaq News Gold prices fell on Tuesday, pressured by a stronger dollar, while markets looked to the Federal Reserve's upcoming policy decision for clues on the interest rate outlook.
Spot gold fell 0.7% to $4,045.89 per ounce by 0448 GMT after rising as much as 1% on Monday. U.S. gold futures for August delivery lost 0.8% to $4,046.20.
The dollar held near a one-month high, making greenback-priced bullion more expensive for holders of other currencies.
"We're oscillating in this narrow range between $3,950 and $4,200, and I think the market is just waiting for Fed signals," said Ilya Spivak, head of global macro at finance content network Tastylive.
The U.S. Federal Reserve will conclude its two-day policy meeting on Wednesday. Expectations that the Fed will hold interest rates steady stand at 62%, while 38% of market participants expect at least a 25-basis-point rate hike, according to CME FedWatch, that is up from 16% a week earlier.
Markets are pricing in an 81% chance for a hike at the central bank's September meeting.
President Donald Trump on Monday called on the Fed to lower interest rates, saying the U.S. should have the lowest interest rate in the world.
Trump also said on Monday that the United States was having "good talks" with Iran and there was a chance of a deal to resolve their conflict, but warned that strikes would resume if negotiations failed to deliver.
Tehran appeared to quickly test the pause in the U.S. military campaign, with Saudi Arabia, Jordan and Iraq reporting drone attacks on Monday.
Spivak added that if the Fed meeting generates language that's not setting the groundwork for a rate hike in September, gold is likely to rally above $4,200 per ounce.
Spot silver fell 2% to $57.23 per ounce, platinum lost 0.9% to $1,605.93 and palladium slid 1.6% to $1,270.97. (REUTERS)
https://www.shafaq.com/en/Economy/Gold-slips-ahead-of-Fed-rate-decision
Diesel Shortage Worsens In Baghdad As Queues Lengthen
2026-07-28 Shafaq News- Baghdad (Updated) A Diesel shortage in Baghdad worsened on Tuesday as lines of vehicles outside fuel stations grew longer, part of a supply crisis affecting most of Iraq in recent days.
The shortage, which extends to Baghdad and several provinces, stems from higher domestic demand as private neighborhood generators consume more fuel during the summer, alongside reduced output at several oil refineries, energy specialist Asem Jihad told Shafaq News, adding that the government supplies Diesel free of charge to private generators under a program to support power provision for citizens, while also meeting the needs of other sectors that depend on the fuel.
“That has raised demand markedly at a time when domestic refineries cannot meet the full requirement, owing to limited production capacity and maintenance at some refining units.”
Read more: Fuel shortages paralyze Erbil gasoline stations
To cover the shortfall, the Ministry of Oil has turned to importing Diesel to sustain supply to private generators and local markets, Jihad said, considering this step a temporary measure until domestic refinery output increases and projects to develop the refining sector are completed.
Poor-quality Fuel Strains Iraq Generators
Owners of private electricity generators said the fuel used to run their machines has deteriorated in quality and become harder to obtain, causing repeated technical faults.
One owner, who runs three private generators, told Shafaq News that some of his machines had begun to run erratically because of the fuel, with sensors malfunctioning during operation and dragging down performance. "If the situation continues like this, we will be forced to stop the generators, because there is not enough fuel to run them."
Read more: Iraq’s energy emergency: Kerosene shortages disrupt power and daily life
https://www.shafaq.com/en/Economy/Kerosene-shortage-worsens-in-Baghdad-as-queues-lengthen
USD/IQD Exchange Rates Drop In Baghdad, Erbil
2026-07-28 04:13 Shafaq News- Baghdad/ Erbil The US dollar weakened against the Iraqi dinar on Tuesday morning, hovering around 150,000 dinars per $100 in Baghdad and Erbil, according to a Shafaq News market survey.
In Baghdad, the dollar traded at 149,900 IQD per $100 at the Al-Kifah and Al-Harithiya central exchanges, down from 150,050 IQD on Monday.
Exchange shops in the capital offered the dollar at 150,500 IQD per $100, with a buying price of 149,500 IQD.
In Erbil, the capital of the Kurdistan Region, the dollar was selling at 150,150 IQD per $100 and buying at 150,050 IQD per $100. https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-drop-in-Baghdad-Erbil-8-0
Tuesday Iraq News Posted by Tishwash at TNT 7-28-2026
TNT:
Tishwash: The Foreign Minister and the US Chargé d'Affaires discuss ways to implement the memoranda of understanding signed between Baghdad and Washington.
Foreign Minister Fuad Hussein met with the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, in Baghdad on Monday to discuss ways to implement the memoranda of understanding signed between Baghdad and Washington.
A statement from the Ministry of Foreign Affairs, reported by Al-Mirbad, indicated that "Foreign Minister Fuad Hussein received the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, in Baghdad."
TNT:
Tishwash: The Foreign Minister and the US Chargé d'Affaires discuss ways to implement the memoranda of understanding signed between Baghdad and Washington.
Foreign Minister Fuad Hussein met with the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, in Baghdad on Monday to discuss ways to implement the memoranda of understanding signed between Baghdad and Washington.
A statement from the Ministry of Foreign Affairs, reported by Al-Mirbad, indicated that "Foreign Minister Fuad Hussein received the Chargé d'Affaires of the US Embassy in Iraq, Joshua Harris, in Baghdad."
The statement added that "the meeting reviewed the results of the Iraqi delegation's visit, headed by the Prime Minister, to Washington, D.C., and assessed its outcomes, particularly the memoranda of understanding signed between the two sides, and ways to follow up on their implementation to enhance bilateral cooperation in various fields."
The statement continued, "The meeting also addressed the results of the Prime Minister's visit and the accompanying delegation to the Islamic Republic of Iran."
The statement concluded by noting that "the two sides discussed the course of Iraqi relations with both the Republic of Turkey and the Kingdom of Saudi Arabia, and the ongoing preparations for upcoming official visits, which will contribute to strengthening regional cooperation and developing bilateral partnerships."
The statement affirmed that "the two sides exchanged views on developments in the region, particularly those related to maritime security in the Strait of Hormuz, emphasizing the importance of avoiding escalation and maintaining regional security and stability."
The statement concluded by noting that "the meeting addressed the economic repercussions of regional developments and their potential impact on oil markets and the financial situation in Iraq."link
Tishwash: The US Treasury removes 84 names and entities, including some linked to Iraq, from sanctions list.
Announced Department of the Treasury The United States removed 84 individuals and entities, including some linked to Iraq, from its sanctions lists, which contain more than 17,000 names, as part of efforts to streamline sanctions programs and make things easier for banks.
And it was Minister of the Treasury Scott Bisent began a comprehensive review of the Department’s sanctions programs and lists last May, with the aim of removing outdated inputs and easing compliance burdens on financial institutions, and later announced the removal of 76 targets in the first phase of the review.
An official said Department of the Treasury The goal is "to ensure that the Department's sanctions remain effective, precise, and focused, and to eliminate unnecessary excesses left over from previous administrations," he said, noting that the number of names on the sanctions lists in 2024 exceeded 3,000, compared to only 880 in 2017. He added, "Sanctions are not meant to be an indefinite tool."
Bisent repeatedly emphasized the readiness President Donald Trump's administration To impose sanctions on the two largest oil companies in Russia Rosneft and Lukoil, a move they avoided Presidential Administration the previous Joe Biden Fearing a further rise in oil prices, the second batch of delistings from the "Specially Designated Nationals and Blocked Persons List" includes 36 deceased individuals and their associated listings, 33 Iraq-linked entities that were first listed in 1991 or 1992, and seven obsolete targets related to smuggling. drugs in Colombia The Treasury Department also added eight names of drug kingpins whose activities have been neutralized.
The Treasury’s Office of Foreign Assets Control (OFAC) updated the data of 22 individuals and entities to add or clarify key identifying information.
The Treasury Department stated that each removal from the list is subject to a review by other agencies to ensure it does not harm U.S. foreign policy or interests. National security She noted that names could be reinstated if necessary. link
************
Tishwash: Following security guarantees, Dana Gas restarts the Kormor gas field.
Dana Gas announced on Monday the gradual resumption of operations at the Kormor gas field in the Kurdistan Region, following an assessment of the security situation and receipt of official guarantees from the regional and federal governments.
The company said in a statement received by Al-Sa’a Network that “it was decided, after assessing the security situation and receiving official and clear guarantees from the highest levels in the Kurdistan Regional Government and the Iraqi Federal Government, to raise the level of production in the Kormor gas field cautiously and gradually.”
In mid-July, the UAE-based Dana Gas announced the temporary suspension of its operations at the main production facilities in the Kormor gas field in Sulaymaniyah Governorate, after receiving security threats, before deciding to gradually resume operations after obtaining security guarantees from the relevant authorities. link
**********
Tishwash: "Al-Maalomah" reveals the name of the candidate for the position of Minister of Defense in Al-Zaidi's government
Ahmed Abdul Sattar, a member of the United Anbar Alliance, revealed on Sunday the name of the Sunni forces' nominee for the Ministry of Defense in Prime Minister Ali al-Zaidi's government.
Abdul Sattar told Al-Maalomah News Agency that "the Sunni National Council held a meeting with Sunni leaders to reach a unified position on selecting a consensus candidate for the Ministry of Defense," explaining that "the consensus settled on nominating former Minister of Industry Khalid Battal al-Jughaifi for the ministerial post."
He added that "the vote on al-Jughaifi is scheduled to take place during the upcoming parliamentary session on the 15th of next month," noting that "Mohammed al-Halbousi, head of the Progress Alliance, received a delegation from the Badr parliamentary bloc and informed them of the selection of al-Jughaifi as the nominee for the Ministry of Defense."
He clarified that "the Sunni forces intend to inform the Coordination Framework forces and the Kurdish parties of the nominee in the coming period, with the name to be officially announced during the session to vote on the vacant ministerial portfolios in al-Zaidi's government."
He noted that "the forces within the Coordination Framework had demanded that their Sunni counterparts nominate their candidate for the position of Minister of Defense." link
Tishwash: Why is the "Asycuda" system controversial in Iraq? An advisor reveals the reasons.
Nabil Al-Khafaji, advisor to the head of the Baghdad Chamber of Commerce, revealed the reasons for the controversy surrounding the "ASYCUDA" system adopted in customs procedures, considering that the main problem lies in the difficulty of modifying data after it has been entered, despite the possibility of developing a more efficient local system.
Al-Khafaji said during a televised interview followed by Al-Sa’a Network that Iraq possesses the competencies and technical capabilities that qualify it to establish a better customs system, indicating that the ASYCUDA system is old and it is difficult to make modifications to it after the data has been recorded.
He added that "many developed countries do not adopt this system," noting that "Iraq was able to develop a local system that links all financial benefits and procedures more efficiently."
He explained that "the problem does not lie in entering the data, but in the mechanism for modifying it after it has been recorded," noting that "any error in the shipment information or the goods code (HS Code) becomes complicated to correct within the system."
Al-Khafaji explained that “errors are often caused by the data submitted by the source or exporting company, but the ASYCUDA mechanism makes dealing with these errors more difficult, which is reflected in the speed of completing customs transactions.” link
Seeds of Wisdom RV and Economics Updates Tuesday Morning 7-28-26
Good Morning Dinar Recaps,
Federal Reserve Faces Critical Rate Decision as Markets Brace for Possible Surprise Hike
Global investors are entering one of the most closely watched Federal Reserve meetings in recent years as uncertainty grows over whether policymakers will hold interest rates steady or deliver an unexpected rate increase. While most economists still expect no immediate change, rising inflation risks and mixed market signals have fueled speculation that the Fed could take a more hawkish stance than many investors anticipate.
Good Morning Dinar Recaps,
Federal Reserve Faces Critical Rate Decision as Markets Brace for Possible Surprise Hike
Global investors are entering one of the most closely watched Federal Reserve meetings in recent years as uncertainty grows over whether policymakers will hold interest rates steady or deliver an unexpected rate increase. While most economists still expect no immediate change, rising inflation risks and mixed market signals have fueled speculation that the Fed could take a more hawkish stance than many investors anticipate.
Overview
Markets are increasingly divided over this week's Federal Open Market Committee (FOMC) meeting, with some analysts warning that a surprise rate hike remains possible.
Citadel Securities has suggested Federal Reserve Chair Kevin Warsh could strengthen the Fed's anti-inflation credibility with a 0.25% rate increase, despite expectations that rates will remain unchanged.
The outcome could influence borrowing costs, the U.S. dollar, Treasury yields, global capital flows, and financial markets worldwide.
Key Developments
1. Markets Prepare for One of the Most Uncertain Fed Meetings in Years
Investors are closely watching this week's Federal Reserve meeting as policymakers weigh whether inflation has cooled enough to justify keeping rates unchanged or whether additional tightening may still be necessary.
Although the consensus expectation remains for the Fed to leave rates unchanged, financial markets continue pricing a meaningful possibility that policymakers could deliver a surprise increase or signal that future rate hikes remain firmly on the table.
The uncertainty itself has become a major market driver, increasing volatility across bonds, equities, currencies, and digital assets.
2. Surprise Rate Hike Would Reinforce Inflation Fight
Citadel Securities argues that Chair Kevin Warsh could strengthen the Federal Reserve's inflation-fighting credibility by approving a 0.25% rate increase, demonstrating the central bank's commitment to restoring price stability.
Supporters of this view believe acting sooner rather than later could prevent inflation expectations from becoming embedded in the economy, particularly after recent geopolitical events temporarily pushed energy prices higher.
Other economists continue expecting rates to remain unchanged this week but acknowledge that another increase later this year remains possible if inflation proves more persistent than expected.
3. Several Economic Indicators Continue Pressuring the Fed
Federal Reserve officials continue monitoring several key indicators before making their decision.
Inflation remains above the Fed's long-term 2% target, while the labor market has remained relatively resilient despite higher borrowing costs. Earlier increases in energy prices resulting from Middle East tensions also contributed to renewed inflation concerns.
Additional factors—including tariffs, continued business investment in artificial intelligence infrastructure, and resilient consumer spending—have led some analysts to conclude that inflation risks remain elevated.
4. Global Financial Markets Await the Fed's Signal
The Federal Reserve's decision extends far beyond the United States.
Interest-rate policy influences Treasury yields, mortgage rates, automobile financing, business lending, credit-card borrowing, foreign exchange markets, precious metals, cryptocurrencies, and global investment flows.
Even if rates remain unchanged, investors will carefully analyze the Fed's statement and Chair Warsh's comments for clues regarding future policy decisions during the remainder of the year.
Why It Matters
The Federal Reserve effectively determines the global cost of money. Changes in U.S. interest-rate policy influence borrowing costs, investment decisions, inflation expectations, currency values, and capital flows throughout the world economy.
Because many international financial markets remain closely tied to the U.S. dollar, even modest policy changes can ripple through governments, corporations, financial institutions, and households worldwide.
Why It Matters to Foreign Currency Holders
Interest-rate decisions often influence the strength of the U.S. dollar relative to other currencies.
Higher rates can attract global capital into dollar-denominated assets, while lower rates may encourage investors to seek opportunities elsewhere. These shifts can affect currency valuations, precious metals, digital assets, and broader expectations surrounding future monetary policy.
Implications for the Global Reset
Pillar 1: Debt
Interest-rate decisions directly affect government borrowing costs, corporate financing, consumer debt, and the sustainability of historically high global debt levels.
Pillar 3: Assets
Federal Reserve policy influences investor demand for stocks, bonds, gold, cryptocurrencies, and other financial assets as markets continually adjust to changing expectations for inflation and economic growth.
Future Outlook
Markets will now focus on the Federal Reserve's policy announcement, Chair Warsh's press conference, and any revisions to the central bank's economic outlook. Investors will also continue monitoring inflation data, employment reports, and energy prices for clues about whether additional policy tightening may still lie ahead.
This is not simply about whether interest rates move by one-quarter of one percent—it reflects how the world's most influential central bank shapes global liquidity, borrowing costs, capital flows, and confidence across the international financial system.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Business Insider — Why a Surprise Rate Hike Could Be Coming at Next Week's Fed Meeting
Yahoo Finance – Citadel Securities Sees Warsh Delivering Surprise Fed Rate Hike
~~~~~~~~~~
🌱 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
Why They Won't Even Fix the Easy Stuff
Why They Won't Even Fix the Easy Stuff
Notes From the Fied By (Simon Black / Sovereign Man) July 27, 2026
The Department of Transportation's headquarters campus in Washington spans two complexes covering 1.8 million square feet across 11-acre of prime DC real estate. In the private sector, such a trophy office property would fetch north of $1 billion per year in rental income.
Yet for the federal government, two-thirds of the space sits empty according to the Government Accountability Office (GAO), the federal government's own internal watchdog. This is based on real data; the GAO toured the department's buildings last fall and counted the empty desks.
Why They Won't Even Fix the Easy Stuff
Notes From the Fied By (Simon Black / Sovereign Man) July 27, 2026
The Department of Transportation's headquarters campus in Washington spans two complexes covering 1.8 million square feet across 11-acre of prime DC real estate. In the private sector, such a trophy office property would fetch north of $1 billion per year in rental income.
Yet for the federal government, two-thirds of the space sits empty according to the Government Accountability Office (GAO), the federal government's own internal watchdog. This is based on real data; the GAO toured the department's buildings last fall and counted the empty desks.
And this is far from an isolated case. Of the 189 government buildings around the country that were analyzed by the GAO, 168 were underutilized— with occupancy averaging just 37%.
One of the worst offenders is One Aviation Plaza in Queens, which sits at 13% occupancy.
Ironically, Congress actually set a MINIMUM standard for all government buildings to be at least 60% occupied. This is the law of the land in the United States, set by the 2023 USE IT Act.
So, Congress was surprisingly trying to make things more efficient and save taxpayer money— potentially billions each year. They passed a law. But the government doesn't follow it.
The big consequence for the government violating its own law so far has been this GAO report. Nobody was fined, nobody was fired, and nothing was sold. Basically we got a PDF.
And all of that is just one category of waste at just one department. The bigger losses are to outright fraud.
In June, the Justice Department announced a record-setting healthcare fraud takedown: 455 defendants, the most ever charged in a single healthcare fraud operation, including 90 doctors and licensed medical professionals, all accused in schemes involving $6.5 billion in fraudulent claims.
Yet federal agents only managed to seize $182 million in cash and assets. No word on what happened to the other $6.3 billion.
By the government's own accounting, federal agencies made close to $200 billion in improper payments in fiscal year 2025 alone... $24 billion more than the year before.
That's money which should never have gone out the door, went out in the wrong amount, or can't be documented. And that was only across 64 programs at 15 agencies... a small fraction of the government's total footprint.
This keeps happening for a simple reason: the federal government's ~$7 trillion annual budget is too vast for anyone to keep track of... and no one is ever held accountable.
Bureaucrats who waste the money never get fired; in fact it is damn near impossible to fire a federal employee. And voters continue electing the same incompetent, crooked politicians to public office.
Even when there's public outcry over obvious fraud, the legacy media closes ranks around their party and insists that voters are racist for criticizing "Learning Centers".
None of this is free. The empty buildings, the stolen billions, the money nobody can track: it all gets paid for with borrowed money. And that deficit spending is what fuels inflation.
June's Consumer Price Index came in at 3.5%. By the Fed's own admission, inflation has now missed its 2% target for five years running.
And after all that failure, few in Washington will name the cause.
A lot of people blame oil, especially after the war with Iran sent crude above $126 a barrel. But oil has been all over the board for the last five years; it was under $60 a barrel just last fall. So why wasn't inflation falling when oil was cheap?
Because, through all of it, there has been exactly one constant: insane levels of government spending. Deficits keep rising, and the more money the government wastes, the more stubborn inflation becomes.
The central bank can't fix that; the Fed doesn't pass spending bills, Congress does. And as long as the spending stays out of control, inflation is not coming down.
And Washington has shown no appetite to bring it under control. They refuse to cut even the easiest, most obvious waste and fraud.
Nothing about this changes on its own. A government that can't bring itself to sell an empty building is not going to take on the spending that actually matters, and inflation is how they'll pay for the difference.
Which is exactly why it makes so much sense to own the real assets that hold their value when the dollar doesn't: gold, silver, and well-managed, productive businesses.
It's definitely time to be thinking about a Plan B.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
P.S. Our flagship service, Plan B Confidential, is built for exactly this: real asset strategies to protect your savings from Washington's spending, and residency options in countries where your money buys far more. It's backed by boots-on-the-ground research from all over the world—
Iraq Economic News and Points To Ponder Monday Evening 7-27-26
Masrour Barzani renews his support for the Zaidi government in combating corruption, and demands that Baghdad assume its responsibility in protecting the Kurdistan Region from the threat of drones - 7/27/2026
Latest News Monday, July 27, 2026 Erbil - One News - The Prime Minister of the Kurdistan Region, Masrour Barzani, announced his government’s support for the steps taken by Prime Minister Ali Zaidi’s government in combating corruption, stressing the region’s readiness to provide assistance and cooperation with the federal government to address outstanding problems in a final and radical manner.
Masrour Barzani renews his support for the Zaidi government in combating corruption, and demands that Baghdad assume its responsibility in protecting the Kurdistan Region from the threat of drones - 7/27/2026
Latest News Monday, July 27, 2026 Erbil - One News - The Prime Minister of the Kurdistan Region, Masrour Barzani, announced his government’s support for the steps taken by Prime Minister Ali Zaidi’s government in combating corruption, stressing the region’s readiness to provide assistance and cooperation with the federal government to address outstanding problems in a final and radical manner.
Barzani said that the Kurdistan Region supports the federal government and seeks to strengthen cooperation with it, stressing that the region calls for resolving the crises that the region is going through peaceful means, away from escalation and wars.
On the security front, Barzani held the federal government responsible for averting the threat of drones targeting the region, stressing that Kurdistan is not a party to the war, and that his government has demanded respect for the region’s sovereignty and the prevention of the use of Iraqi territory or airspace to target it.
He added that the continued drone attacks require Baghdad to take practical measures to protect the security of the region and its citizens, reiterating the call to adopt dialogue and peaceful solutions to address the region's crises.
On the economic front, Barzani pointed out that the fuel quota allocated to the region by the federal government is not sufficient to cover local consumption, noting that the regional government has requested an increase in the quantities sent.
The regional government chief attributed the rise in fuel prices to the crises and tensions in the region, and the resulting pressure on supplies and markets.
Barzani affirmed that the regional government is committed to supporting and cooperating with the al-Zaidi government, both in combating corruption and in addressing financial and security disputes, in order to contribute to maintaining stability and reaching lasting solutions to the outstanding issues between Baghdad and Erbil.
https://1news-iq.net/مسرور-بارزاني-يجدد-دعمه-لحكومة-الزيدي/
PM Barzani: Erbil-Bound Drones Sent From Nineveh
2026-07-27 / 04:30 Shafaq News- Erbil Kurdistan Region Prime Minister Masrour Barzani on Monday said some drones targeting Erbil were launched from Nineveh province, urging the federal government to stop armed IRI groups from using Iraqi territory to “threaten” the Region.
Speaking at a press conference, Barzani stated that the Kurdistan Regional Government (KRG) had sought an air-defense system through Baghdad and several foreign governments but was not permitted to acquire one, although defensive systems alone “will not end the threat.”
On July 24, Global Coalition air defenses shot down five explosive drones over Erbil, according to the Kurdistan Region’s Counter-Terrorism Directorate, which reported that the aircraft approached from west of the province and caused no casualties, although falling debris ignited dry vegetation.
Around 20 drone and missile attacks have targeted the Kurdistan Region since July 17, including US-linked sites around Erbil and Iranian-Kurdish opposition bases in Erbil and Al-Sulaymaniyah. The strikes killed at least nine people and wounded six, all members of Iranian-Kurdish opposition groups.
Iran’s army has taken responsibility for attacks on US infrastructure and Iranian-Kurdish opposition groups, but no Iraqi IRI armed faction has claimed the strikes. (so they can't be blamed and give the GOI leverage to remove their arms) Kataib Sayyid Al-Shuhada denied (they lie outright) on July 17 that any operation had been launched from Iraqi territory, while Saraya Awliya Al-Dam rejected reports linking it to the attacks on July 25 as false and unsupported by evidence.
Read more: Two weeks of attacks on Iraqi Kurdistan, Iran claims US damage
https://www.shafaq.com/en/Kurdistan/PM-Barzani-Erbil-bound-drones-sent-from-Nineveh
Salaries Await Liquidity... Funding Crisis Delays Employee Payments
Baghdad Today - Baghdad An informed source revealed today, Monday (July 27, 2026), that the salaries of most state employees for this month have been delayed, despite the month having ended, attributing this to a lack of financial liquidity and a decline in public revenues.
The source told Baghdad Today that the delay in paying salaries is due to the repercussions of the war between the United States and Iran, and the accompanying closure of the Strait of Hormuz, which affected oil exports and contributed to a decline in financial revenues, making it difficult to provide the necessary liquidity to release employee salaries.
He added that the Ministry of Finance had announced on the 22nd of this month the release of funding for the salaries of state employees, but a large number of institutions have not yet been able to disburse the dues of their employees, due to the continued financial liquidity crisis. https://baghdadtoday.news/303975-.html
MP Miqdad Al-Khafaji Demands The Ministry Of Finance Explain The Reasons For The Delay In Salary Payments.
House of Representatives, Office of the Minister
Dr. Miqdad Al-Khafaji, Surgeon House of Representatives Najomeh Ne Nushtiran
Republic of Iraq Council of Representatives ۸۰۹ Number: Date: 26/7/2026
Greetings... To: Ministry of Finance / Minister's Office
Subject: Clarification and Follow-up on the Reasons for the Delay in Salary Disbursement
Based on the provisions of Article (61/Second) of the Constitution of the Republic of Iraq of 2005 and the provisions of Articles (15) and (27) of the Law of the House of Representatives and its Formations No. (13) of 2018, and based on the numerous appeals and complaints received by our office from employees, retirees, and social welfare beneficiaries,
We kindly request your review and explanation of the reasons for the monthly delay in releasing and distributing the salaries of employees, retirees, and beneficiaries, which has negatively and directly impacted the daily lives of citizens and their ability to meet their basic financial obligations
We also request the swift establishment of a specific and urgent regulatory mechanism, obligating all ministries, non-ministerial entities, and governorates to adhere to the specified annual and monthly deadlines for submitting payroll lists and receiving notifications, with a fixed and specific date designated each month for disbursing entitlements without any delay. as required by law.
We kindly request your response, along with detailed reasons for the delay, within the legally specified period, so that we may inform the public and take With utmost respect and appreciation
Deputy Dr. Al-Kharaj Miqdad Al-Khafaji Please be advised... With appreciation. Speaker of the House of Representatives and his deputies - O Administration - For filing
Due To A Lack Of Liquidity, The Ministry Of Finance Postpones Salary Payments, And Parliament Moves To Summon The Minister.
Today 12:35 Information / Baghdad... An informed source reported on Monday that the Ministry of Finance and the Accounting Department have decided to postpone the disbursement of salaries for employees of ministries and government departments for three days due to a temporary shortage of cash liquidity.
The source told Al-Maalomah that "this measure prompted the Parliamentary Finance Committee to take urgent action, as it intends to summon the Minister of Finance and the Directors General of the Accounting and Budget Departments in the coming hours."
The source added that "the summons will be held within the committee or in the Parliament building to provide an urgent briefing to the public and the legislative authority regarding the current cash liquidity situation and the reasons that led to this emergency halt in the salary funding process." End/25
Salary Phobia: Citizens Are Apprehensive, But The Government Reassures: It Has Been Thoroughly Reviewed Before Distribution.
Information / Special.. The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed today, Monday, the reasons for the delay in disbursing employee salaries during the current month and previous months, while reassuring citizens that the disbursement of salaries cannot be delayed for more than a month.
Saleh told Al-Maalomah that “the delay in salaries is due to regulatory financial procedures related to auditing and preparing the salaries of each ministry and institution government within what is known as the (trial balance), which includes each ministry’s share of salaries and disbursement units.”
He added that "there are about 1,000 disbursement units in Iraq, all of which are included in the trial balance, and then submitted to the General Accounts Department for detailed auditing in accordance with the highest standards of financial governance."
Saleh explained that "the trial balance includes the number of employees, their salary costs, promotions, bonuses, and all details related to the monthly salary," noting that "the audit process may be repeated once or twice to verify the funds before they are disbursed monthly after the procedures are completed."
He pointed out that "the state provides financial allocations to employees of companies that have been shut down since 2003, as a result of the declining economic and investment policies in the country, which have not provided solutions for these companies to return to production and benefit from them locally or through export."
Saleh pointed out that “the total amount allocated to the salaries of state employees in its various formations, in addition to the salaries of retirees, beneficiaries of the social protection network, wages, and grants, amounts to about 8 trillion Iraqi dinars.”
The Prime Minister's financial advisor emphasized that "salaries must remain a red line for the government, as they represent a source of livelihood for approximately 40 million Iraqi citizens," explaining that "the state's fiscal policy is concerned with addressing any liquidity shortfalls and securing the necessary funds through various means, whether through domestic or external borrowing." (End of page 25)
From Oil Dominance To A Diversified Economy: Al-Zidi's Government Aims To Raise Non-Oil Revenues To 46% And Expand Private Sector Contribution Over The Next Decade
latest newsMonday,July 27, 2026Baghdad - One News - The Prime Minister’s Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih, revealed a long-term governmental plan to restructure public finances and the Iraqi economy over the next ten years, by diversifying revenue sources and reducing dependence on oil, in parallel with expanding the role of the private sector and increasing its contribution to the gross domestic product.
Saleh said that the government’s fiscal policy aims, during the next decade, to achieve economic stability and sustainable development, through restructuring public expenditures and revenues, and adopting the federal budget as a tool to reorganize the real economy and revitalize the productive sectors.
He explained that the financial track includes two main objectives; the first is to raise the share of non-oil revenues to about 46% of total public revenues, compared to a percentage that does not exceed 10% or less currently, in order to limit the impact of oil price fluctuations and the volatility of its revenues on public finances.
The second objective is to raise the private sector’s contribution to GDP from about 37% currently to 54% over the next ten years, by expanding the investment and production environment and promoting economic activity outside the government sector.
Saleh pointed out that revitalizing the productive sectors would provide sustainable job opportunities and reduce the unemployment rate to about 3% of the total workforce, instead of its current level of about 13%.
According to the government's proposal, these goals reflect an effort to reshape the structure of the Iraqi economy and gradually move from a model heavily reliant on oil revenues and public spending to a more diversified economy driven by broader productive and investment sectors. https://1news-iq.net/من-هيمنة-النفط-إلى-اقتصاد-متنوع-حكومة/
Seeds of Wisdom RV and Economics Updates Monday Evening 7-27-26
Good Evening Dinar Recaps,
Global Regulators Accelerate Digital Money Framework as Stablecoins Reshape Financial System
Governments and financial regulators are moving rapidly to establish common rules for digital money as stablecoins become an increasingly important part of the global financial system. New U.S. legislation, combined with guidance from international institutions, signals that digital assets are transitioning from an emerging technology into regulated financial infrastructure.
Good Evening Dinar Recaps,
Global Regulators Accelerate Digital Money Framework as Stablecoins Reshape Financial System
Governments and financial regulators are moving rapidly to establish common rules for digital money as stablecoins become an increasingly important part of the global financial system. New U.S. legislation, combined with guidance from international institutions, signals that digital assets are transitioning from an emerging technology into regulated financial infrastructure.
Overview
The United States has established its first federal framework for payment stablecoins through the GENIUS Act, while lawmakers continue advancing the CLARITY Act to define broader digital asset regulation.
The Bank for International Settlements (BIS) and the International Monetary Fund (IMF) are encouraging countries to modernize payment systems while maintaining public confidence, financial stability, and effective oversight.
Together, these developments represent another major step toward a more digital, interconnected global financial system.
Key Developments
1. GENIUS Act Creates America's First Stablecoin Framework
The GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act establishes the first comprehensive federal framework governing payment stablecoins in the United States.
The legislation requires qualifying stablecoins to maintain one-to-one backing with high-quality liquid assets, such as U.S. dollars and short-term U.S. Treasury securities. Issuers must also provide regular reserve disclosures and comply with anti-money laundering and financial reporting requirements.
Supporters believe the law provides long-awaited regulatory certainty that could encourage broader adoption of compliant digital payment systems by banks, businesses, and financial institutions.
2. CLARITY Act Would Define the Digital Asset Marketplace
While the GENIUS Act focuses specifically on payment stablecoins, the CLARITY Act seeks to establish a comprehensive regulatory framework for digital assets.
The proposed legislation would define whether digital assets fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), reducing years of regulatory uncertainty.
Lawmakers continue negotiating ethics provisions and other amendments as bipartisan discussions move forward in the Senate. Although additional legislative steps remain, the bill represents one of the most significant efforts to modernize U.S. digital asset regulation.
3. BIS Calls for Trust as the Foundation of Digital Money
The Bank for International Settlements (BIS) has emphasized that the future of digital money depends not only on technological innovation but also on maintaining public trust, legal certainty, and financial stability.
Rather than replacing existing monetary systems, the BIS envisions digital payment innovations operating within a unified financial framework where commercial banks, central banks, and regulated private institutions remain interconnected.
The BIS has also highlighted the importance of interoperability, secure settlement systems, and internationally coordinated standards as digital finance expands across borders.
4. IMF Sees Stablecoins Transforming Cross-Border Payments
The International Monetary Fund (IMF) has continued studying how stablecoins could improve cross-border payments by reducing settlement times and lowering transaction costs.
At the same time, IMF researchers caution that rapid growth without appropriate regulation could create new risks involving monetary policy transmission, capital flows, consumer protection, and financial stability.
The IMF encourages countries to develop balanced regulatory frameworks that support innovation while preserving confidence in national monetary systems.
Why It Matters
Digital money is steadily moving from experimentation into mainstream finance. Governments are increasingly choosing regulation over prohibition, recognizing that digital payment technologies are likely to become permanent components of the international financial system.
As national frameworks become more consistent, financial institutions may gain greater confidence to expand tokenized payments, programmable finance, and regulated digital asset services.
Why It Matters to Foreign Currency Holders
For those following international monetary developments, these reforms represent foundational infrastructure rather than immediate currency revaluations.
Clearer regulatory standards, stronger payment networks, and improved cross-border settlement systems could gradually reshape how currencies move through the global economy while supporting broader financial modernization over time.
Implications for the Global Reset
Pillar 2: Trade
More efficient cross-border payment systems could reduce transaction costs, improve settlement speed, and strengthen international commerce.
Pillar 4: Technology
Digital ledgers, tokenization, regulated stablecoins, and programmable settlement are becoming increasingly important components of the next generation of global financial infrastructure.
Future Outlook
Attention now turns to continued Senate consideration of the CLARITY Act, implementation of the GENIUS Act, and ongoing international coordination among regulators, central banks, and financial institutions. As regulatory clarity expands, adoption of compliant digital payment systems is expected to accelerate across both domestic and international markets.
This is not simply about cryptocurrency—it reflects the broader modernization of the global financial system as governments, regulators, and financial institutions work to build the trusted digital infrastructure that may support the next generation of international commerce and payments.
Seeds of Wisdom Team
Newshounds News™ Exclusive
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Thank you Dinar Recaps
Major Market Repricing Alert, Global Economy Changed Forever-The Reset Begins.
Major Market Repricing Alert, Global Economy Changed Forever-The Reset Begins.
David Lin: 7-27-2027
In a highly insightful interview on the David Lin Report, financial expert John Butler sat down to discuss the complex web of geopolitical risks, macroeconomic policy, and market valuations currently shaping the global economy.
As investors navigate increasingly volatile market conditions, Butler provides a sobering look at how underlying systemic issues—ranging from trade disruptions to unsustainable global debt—are building toward a major paradigm shift. This discussion serves as a crucial guide for those looking to protect their wealth in an unpredictable economic landscape
Major Market Repricing Alert, Global Economy Changed Forever-The Reset Begins.
David Lin: 7-27-2027
In a highly insightful interview on the David Lin Report, financial expert John Butler sat down to discuss the complex web of geopolitical risks, macroeconomic policy, and market valuations currently shaping the global economy.
As investors navigate increasingly volatile market conditions, Butler provides a sobering look at how underlying systemic issues—ranging from trade disruptions to unsustainable global debt—are building toward a major paradigm shift. This discussion serves as a crucial guide for those looking to protect their wealth in an unpredictable economic landscape
One of the most pressing concerns highlighted by Butler is the vulnerability of critical global trade routes. Asymmetric control over key maritime choke points, such as the Strait of Hormuz and the Bab al-Mandab, has introduced unprecedented friction into global supply chains.
By restricting the flow of vital commodities—including crude oil, fertilizers, and petrochemical products—these geopolitical tensions are actively fueling stagflationary pressures worldwide. Unlike routine market corrections, shipping disruptions of this magnitude create structural supply deficits that keep consumer prices elevated, proving that geopolitical risk is no longer just a hypothetical concern but an active driver of global inflation.
Despite these clear systemic threats, Butler argues that global markets have yet to accurately price in these risks. Equity valuations remain stubbornly elevated, buoyed largely by waves of speculative enthusiasm. Butler specifically points to the current artificial intelligence (AI) boom, characterizing much of the market excitement as an overblown hype bubble.
While AI technology holds genuine long-term promise, the extreme premium currently placed on speculative tech stocks ignores the immediate reality of rising operational costs, supply chain vulnerabilities, and tightening liquidity, leaving portfolios heavily exposed to sudden downward corrections.
Beneath the surface of market optimism lies a deeper, structural threat: the unsustainable rise of sovereign government debt across major Western economies, including the United States, the United Kingdom, and the European Union.
Butler warns of impending debt spirals and fiscal crises as governments continue to issue massive amounts of debt to fund persistent structural deficits. This fiscal strain is occurring alongside a historic shift in global power dynamics.
The world is rapidly transitioning from a unipolar system dominated by Western financial institutions to a multipolar order, forcing a recalibration of international trade alliances and foreign policies while introducing further friction into the global financial architecture.
In this environment of fiscal instability and shifting power, Butler maintains a strongly bullish outlook on precious metals over the long term. While near-term interest rate hikes by central banks may temporarily suppress the price of gold and silver, the fundamental drivers remain historically strong.
Decades of neo-Keynesian inflationary policies—characterized by persistent deficit spending and central bank intervention—have eroded the purchasing power of fiat currencies. Because these inflationary monetary policies are unlikely to be reversed by governments anytime soon, precious metals remain a vital, non-dilutable hedge against currency devaluation.
Ultimately, Butler advocates for a strategic pivot in investment philosophy. Rather than chasing momentum in overvalued and speculative sectors, he advises investors to focus on real assets that possess inherent pricing power.
This includes physical precious metals, energy resources, and basic commodities that are absolutely essential for maintaining daily societal functions. In an era marked by lower average valuations and heightened macroeconomic volatility, wealth preservation requires a historically informed approach focused on tangible utility and supply-demand fundamentals.