Seeds of Wisdom RV and Economics Updates Tuesday Evening 8-18-26

Good Evening Dinar Recaps,

BRICS Moves From Talk to Infrastructure: The Next Phase of Global Finance

India is pushing a practical step toward a more multipolar financial system as BRICS members explore linking local-currency payment networks and central-bank digital currencies.

Overview

• BRICS countries are discussing a digital bridge between their domestic payment systems, potentially making cross-border transactions faster and cheaper.

• The proposal comes as BRICS finance officials separately discuss reform of the international monetary and financial system, signaling that financial infrastructure is becoming a central part of the group's agenda.

• This is not a new BRICS currency or an immediate replacement for the U.S. dollar. The more important development is the gradual construction of alternative payment channels that could reduce dependence on traditional dollar-based infrastructure.

Key Developments

1. India puts local-currency payment connectivity at the center of the BRICS agenda

India's proposal to create a digital bridge connecting the domestic currency payment networks of BRICS members is emerging as one of the key issues ahead of the 2026 BRICS summit.

The proposal would build on existing national systems rather than requiring members to create a single BRICS currency. The objective is to make it easier for participating countries to conduct transactions using their own currencies and payment networks.

India's Reserve Bank Governor Sanjay Malhotra said BRICS members are discussing potential connections between their fast-payment systems and central-bank digital currencies (CBDCs). Several approaches remain under consideration, meaning the project is still at the discussion stage rather than being an operational system.

2. BRICS finance officials are discussing the financial architecture itself

The development is taking place alongside a broader BRICS financial agenda.

At the August 12–13 meeting of BRICS finance ministers and central-bank governors in Jaipur, participants discussed global economic growth, reform of the international monetary and financial system, infrastructure investment, the New Development Bank, customs and taxation, and financial cooperation.

That combination is significant.

BRICS is not simply discussing currency values. It is discussing the infrastructure through which money moves, the institutions that finance development and the rules governing international financial relationships.

3. The shift is from a "replacement currency" narrative to financial interoperability

For years, much of the attention surrounding BRICS has focused on whether the group might create a common currency to challenge the dollar.

The current developments point toward something considerably more practical.

Rather than attempting to replace the dollar with one new currency, BRICS members are exploring whether multiple national currencies and payment systems can operate more efficiently with one another.

That distinction matters.

A Brazilian company could potentially settle with an Indian company using interconnected payment infrastructure. An Indian business could conduct transactions involving another BRICS economy without requiring every payment to follow the same traditional pathway through the global financial system.

The potential change is therefore not necessarily "one currency replaces another." It is "more pathways become available."

Why It Matters

The global financial system has historically benefited from the enormous network effects surrounding the U.S. dollar and existing international payment infrastructure.

Creating a competing system from scratch would be extremely difficult.

But interconnecting systems that already exist is a different strategy.

India already operates UPI, China has its own extensive payment infrastructure, and other BRICS members have developed domestic instant-payment and digital-currency initiatives.

If those systems can eventually become interoperable, the financial landscape could become more multi-rail—with international transactions able to move through several interconnected channels rather than relying overwhelmingly on one dominant route.

Reuters reported that BRICS officials are considering both fast-payment-system connections and CBDC interoperability, with reducing the cost of cross-border payments among the objectives.

There are still substantial obstacles, including regulatory differences, currency convertibility, exchange-rate management, cybersecurity, settlement arrangements and the question of how participating central banks would coordinate.

So this is an infrastructure project in development, not a finished alternative financial system.

Why This Matters to Foreign Currency Holders

For foreign currency holders, the most important point is that international use of a currency can matter independently of whether that currency becomes a global reserve currency.

If BRICS countries make it easier to settle trade directly in their national currencies, those currencies could gradually acquire greater utility in cross-border commerce.

That does not guarantee appreciation.

Currency values will still depend on inflation, interest rates, economic growth, trade balances, capital flows and monetary policy.

But greater international settlement capability could eventually create additional sources of demand and utility for participating currencies.

This is why the infrastructure discussion deserves attention.

Implications for the Global Financial Reset

• The reset may be developing through infrastructure rather than a single announcement

A major restructuring of global finance would not necessarily begin with the launch of a new reserve currency.

It could develop through payment interoperability, local-currency settlement, digital currencies, new lending institutions and alternative financial networks.

That is the direction BRICS appears to be exploring.

• The dollar does not have to disappear for the system to become more multipolar

The U.S. dollar can remain the world's dominant reserve currency while its relative share of international transactions gradually faces more competition.

A multipolar system does not necessarily mean the end of dollar dominance. It can mean that more countries have viable alternatives for particular types of trade and financial settlement.

That is a much more realistic—and potentially more durable—form of financial diversification.

What to Watch Next

The critical question is whether the BRICS discussions move from policy proposals to technical implementation.

Watch for:

• A formal agreement to connect BRICS payment systems

• Specific plans for CBDC interoperability

• Expansion of local-currency trade settlement

• Greater use of the New Development Bank for financing in national currencies

• Concrete announcements from India's 2026 BRICS summit

The distinction between discussion and implementation will be crucial.

Right now, the evidence supports the conclusion that BRICS is building the framework for greater financial connectivity outside traditional channels—not that a new BRICS monetary system has already replaced the existing one.

Bottom Line

The most important BRICS development may not be the creation of a new currency at all.

It may be the construction of the financial infrastructure that allows more currencies to function internationally.

Payment networks, CBDCs, local-currency settlement and development financing are separate pieces of a much larger puzzle. If BRICS succeeds in connecting enough of those pieces, the global financial system could become less centralized around a single payment and settlement architecture.

The next phase of the global financial reset may not be about replacing the dollar—it may be about building enough alternative pathways that the world no longer has to rely on one financial road.

Sources

• Reuters — BRICS nations discuss linking payment systems and CBDCs

• China Ministry of Finance — BRICS Finance Ministers and Central Bank Governors Meeting

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Tuesday Evening 8-18-26

The Iraqi Dinar: Between Adjustment And Impact... Urgent Parliamentary Messages To The Prime Minister  

Baghdad Today - Baghdad    MP Saud Al-Saadi called on the government today (August 17, 2026) to clarify the legal and economic basis for the decision to remove zeros from the Iraqi dinar, according to an official document seen by Baghdad Today

In his parliamentary question, Al-Saadi stated that the government must provide the constitutional and legal basis for issuing such a decision, as well as clarify its economic feasibility and the potential effects on the national economy and citizens’ confidence in the local currency.

He also called for revealing whether the Cabinet had prepared a draft law on this matter, specifying the date for the implementation of the decision if it is approved, in addition to stating the reasons for not adopting other monetary and economic alternatives.

Al-Saadi stressed the need to answer these questions within the legal timeframe specified according to the internal regulations of the House of Representatives.

https://baghdadtoday.news/304841-.html

Republic of Iraq

Council of Representatives

Office of Representative

Saud Saadoun Al-Saadi

Killed Iraq

No, no

Secretary of the Parliament

Saud Saadoun Al-Saadi

Number: 2005  Date: 8/16/2026

To the Honorable Prime Minister

Parliamentary Question Regarding the Government's Decision to Remove Zeros from the Iraqi Dinar

Greetings...

Based on the oversight and representative role entrusted to us on behalf of the people according to the provisions of Articles (49) First and (61/Second) of the Constitution, and pursuant to the provisions of Articles (15) and (27) of the Law of the Council of Representatives and its Formations No. (13) of 2018, and pursuant to the provisions of Article (50) of the Internal Regulations of the Council of Representatives No. (1) of 2022

Please Answer The Following Parliamentary Questions:

The Minister of Communications previously appeared on a satellite channel and made a statement about the government issuing a decision to remove zeros from the Iraqi Dinar

1- What is the constitutional and legal basis for the government, represented by the Council of Ministers or the Prime Minister, to issue a decision regarding the removal of zeros from the Iraqi dinar?

- What is the economic feasibility of the decision to remove zeros from the national currency? What are the negative effects of this decision on the Iraqi economy and confidence in the national currency?

Has the Prime Minister or the Council of Ministers prepared a draft law to remove zeros from the Iraqi currency, especially since the Council of Ministers does not possess such authority according to the provisions of Article (80) of the Iraqi Constitution?

- To be continued - https://baghdadtoday.news/304841-.html

Economist: Removing Zeros Will Reduce Inflation And Withdraw Money From Corrupt Officials

Information/Baghdad...Economic researcher Haitham al-Khazali believes that removing zeros from the currency will reduce inflation in the financial markets and markets. He added that it will also draw cash held by citizens, merchants, and investors into banks, and compel corrupt individuals to surrender their illicit funds.

Al-Khazali told Al-Maalouma, “The government’s move to remove zeros from the currency would be a step in the right direction if it proceeds with such a transformation, as it would restore the Iraqi currency’s strength and reduce the inflation rate.”

He added, "Removing zeros opens the door to the reintroduction of smaller denominations, such as dirhams and fils, which were previously in circulation. Moreover, it will force those holding cash, including merchants and investors, to deposit it in banks."

He explained that "removing zeros will reveal the size of the cash held by citizens and will also recover funds acquired by corrupt individuals, ensuring their return to the state." End

https://almaalomah-me.translate.goog/news/141510/economy/اقتصادي:-حذف-الاصفار-يضمن-تخفيض-التضخم-ويسحب-الكتلة-النقدية?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Former US Official: Nechirvan Barzani Trusted In Washington And Tehran

2026-08-18 Shafaq News- Washington     Kurdistan Region President Nechirvan Barzani is trusted in both Washington and Tehran, a distinction very few people can credibly claim, former US State Department official Thomas Warrick told Shafaq News on Tuesday.

  Previous mediation efforts have failed to break the impasse, Warrick said. “Washington values President Barzani’s honesty and his understanding of the actors on the Iranian side,” he said, adding that “Tehran may well feel the same about his understanding of Washington.”

  Asked whether the Kurdistan Regional Government’s mediation efforts could succeed where earlier efforts by Qatar and Pakistan had stalled, Warrick said, “A fresh perspective is always useful, and President Barzani certainly brings one.”

However, the differences between Washington and Tehran are too deep to be bridged by any one person. “I am not optimistic that the conflict will end before the US election on November 3.”

  Earlier, Axios reported that Barzani helped establish a secret channel between the US administration and Iran’s Islamic Revolutionary Guard Corps (IRGC).

Citing three sources with direct knowledge of the contacts, Axios reported that the White House turned to Barzani because of his longstanding ties with both Washington and Tehran and his contacts with senior Iranian officials.

For Shafaq News, Mostafa Hashem, Washington, D.C.

https://www.shafaq.com/en/Kurdistan/Former-US-official-Nechirvan-Barzani-trusted-in-Washington-and-Tehran

MilitiaMan & Crew: Crucial Zeros Pressure Update: Don't Miss This

MilitiaMan & Crew: Crucial Zeros Pressure Update: Don't Miss This

8-18-2026

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

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

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

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

https://www.youtube.com/watch?v=DaRdU41ca8Y

Iraq Economic News and Points To Ponder Tuesday Afternoon 8-18-26

Exclusive: SOMO Seeks Safe Hormuz Passage For Iraqi Oil Exports

2026-08-17   Shafaq News- Baghdad   Iraq’s State Organization for Marketing of Oil (SOMO) is negotiating with US and German shipping companies to secure passage for crude exports through the Strait of Hormuz using Iraqi-flagged tankers, a government source told Shafaq News on Monday.

The source said the US company rejected Baghdad’s requirement to fly the Iraqi flag on its tankers, leaving the two sides without an agreement. The German company, however, agreed to the flag requirement while transporting crude from Iraqi ports.

“Understandings with Iran would allow Iraqi oil shipments to pass through the strait without transit fees.”

Baghdad must also secure US authorization to complete the transit arrangements. The source expected Iraq to obtain approval soon, amid US sanctions targeting entities linked to Iranian shipping and insurance mechanisms in Hormuz.

Read more: SCOOP: Iraq in talks with US-Iran over Hormuz oil shipments

Prime Minister Ali Al-Zaidi’s deadline for the Oil Ministry to resolve the crude export crisis could be extended for another week, according to the source. Shipping companies are seeking higher freight rates and additional insurance guarantees to account for the risks associated with passage through the waterway.

https://www.shafaq.com/en/Economy/Exclusive-SOMO-seeks-safe-Hormuz-passage-for-Iraqi-oil-exports

Gold Retreats As Oil Climbs

2026-08-18 Shafaq News   Gold prices came under pressure on Tuesday from higher ‌Treasury yields and a spike in oil prices, while traders awaited minutes of the U.S. Federal Reserve's July policy meeting for clues on the outlook for interest rates.

Spot gold was down ​0.5% at $4,391.14 per ounce, as of 0423 GMT, while U.S. gold futures ​for December delivery dropped 0.6% to $4,446.70.

Yields on the benchmark 10-year U.S. ⁠Treasury note extended gains, raising the opportunity cost of holding non-yielding bullion.

Oil prices ​also edged higher after Iran said it would shift to a "fully offensive" military posture ​following a breakdown in efforts to negotiate a permanent end to the war with the United States, while Washington ruled out extending a temporary ceasefire agreement.

Oil prices will remain one of ​the key factors keeping gold under pressure as situation in the Middle East ​continues to look uncertain, ANZ analyst Soni Kumari said.

Traders' expectations around Fed policy rates are going ‌to ⁠be important for gold, with a focus on technical levels, Kumari added.

Elevated energy prices tend to raise inflationary fears and bolster expectations of higher interest rates by the Fed. While gold is typically seen as a hedge against inflation, higher interest ​rates tend to diminish ​bullion's appeal.

However, market ⁠pricing for a September quarter-point hike flipped to a nearly 65% chance of a "hold" after unexpected job losses in July, ​lower-than-expected consumer price inflation and weaker retail sales.

Investors are also ​awaiting minutes ⁠from the Fed's most recent policy meeting, with the release scheduled for Wednesday.

Spot gold may test a support at $4,381, a break below could open the way toward the $4,320 ⁠to $4,351 range, ​according to Reuters technical analyst Wang Tao.

Among other metals, ​spot silver slipped 1% to $65.11 per ounce, platinum lost 1.2% to $1,748.56, while palladium fell 1.2% to $1,317.01.  (REUTERS) https://www.shafaq.com/en/Economy/Gold-retreats-as-oil-climbs

Basrah Crude Gains On US-Iran Supply Concerns

2026-08-18 Shafaq News- Basrah   Iraq’s Basrah Heavy and Basrah Medium crude prices rose on Tuesday, tracking gains in global oil markets as concerns over Middle East supply intensified amid fading prospects for an agreement to end the US-Iran war.

Basrah Heavy gained $0.39, or 0.64%, to $61.77 per barrel, while Basrah Medium rose $0.39, or 0.60%, to $65.07.

Globally, Brent crude futures climbed 62 cents, or 0.7%, to $91.49 a barrel, after rising on Monday to their highest since July 30. US West Texas Intermediate crude futures were up 75 cents at $85.25 a barrel, after earlier rising more than 1% to $85.37, their highest since July 31.

https://www.shafaq.com/en/Economy/Basrah-crude-gains-on-US-Iran-supply-concerns

USD/IQD Exchange Rates Dip In Baghdad, Climb In Erbil

2026-08-18 Shafaq News- Baghdad/ Erbil   The US dollar hovered around 154,000 Iraqi dinars per $100 in Baghdad and Erbil on Tuesday morning, edging lower in the capital while rising in the Kurdistan Region.

In Baghdad, the dollar fell to 153,850 dinars per $100 at the Al-Kifah and Al-Harithiya central exchanges, according to Shafaq News market survey, down from 154,000 on Monday.

Exchange shops in the capital sold the dollar at 154,250 dinars and bought it at 153,250 per $100.

In Erbil, the dollar rose, with exchange shops selling at 154,250 dinars per $100 and buying at 154,150 dinars per $100.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-dip-in-Baghdad-climb-in-Erbil-9

2026 Hormuz Closure Tops Historic Oil Supply Disruptions

2026-08-18 Shafaq News- Vancouver    The closure of the Strait of Hormuz in March 2026 triggered the largest oil supply shock on record, cutting global supplies by about 10.1 million barrels per day (bpd) and far surpassing disruptions from major wars and oil crises over the past five decades, according to a ranking published by Visual Capitalist.

The Hormuz disruption was about 80% larger than the estimated 5.6 million-bpd supply loss during the Iranian Revolution between November 1978 and April 1979, which ranked second.

The Arab oil embargo and Iraq’s 1990 invasion of Kuwait ranked third and fourth, respectively, with each disruption reducing global oil supplies by about 4.3 million bpd.

Iran-Iraq war followed in fifth place, with losses of 4.1 million bpd between October 1980 and January 1981.

The 2003 Iraq war ranked sixth, reducing supplies by about 2.3 million bpd between March and December. Libya’s civil war in 2011 came seventh, with a loss of roughly 1.5 million bpd.

Hormuz, through which roughly 20% of the world’s oil passes, has remained largely closed under Iranian restrictions since Feb. 28, following the start of the US-Israeli war and disrupting regional energy flows.

The corridor briefly reopened after a US-Iran memorandum of understanding (MoU) took effect on June 18, but closed again amid renewed military escalation, with Tehran maintaining that the waterway remains under Iranian control.

Read more: Cargo transit through Hormuz plunges near total halt

https://www.shafaq.com/en/Economy/2026-Hormuz-closure-tops-historic-oil-supply-disruptions

Seeds of Wisdom RV and Economics Updates Tuesday Morning 8-18-26

Good Morning Dinar Recaps,

Oil Shock Meets the Global Financial System: Bonds, Currencies and Central Banks Reprice Risk

August 18, 2026

The Iran conflict is no longer only an energy story. Rising oil prices are now colliding with elevated government debt, higher long-term bond yields and changing expectations for central-bank policy—creating a new test for the global financial architecture.

Brent crude has moved above $90 a barrel, while the U.S. 30-year Treasury yield has climbed above 5.3%, its highest level since 2007. At the same time, investors have reduced expectations for additional Federal Reserve rate increases. The unusual combination is forcing markets to reconsider how inflation, debt and geopolitical risk interact.

Overview

• Oil is rising as uncertainty surrounding the Iran conflict and the Strait of Hormuz persists, increasing the risk that an energy shock could keep inflation elevated.

• Long-term government bond yields are surging internationally, with U.S., Japanese and European borrowing costs reaching multi-year or multi-decade highs.

• Central banks face an increasingly difficult policy environment: weaker economic signals argue against aggressive tightening, while higher oil prices and rising long-term yields argue for caution.

Key Developments

1. Oil has become a financial-market problem

Brent crude moved above $90 a barrel as hopes for a near-term resolution involving Iran and the Strait of Hormuz weakened.

The significance goes beyond the price of gasoline.

Oil is an input into transportation, manufacturing, agriculture and virtually every major supply chain. A prolonged increase therefore has the potential to push inflation higher at precisely the moment central banks are trying to determine whether monetary policy can become less restrictive.

The energy market is once again becoming a transmission mechanism for global inflation.

2. The bond market is responding with higher long-term yields

The U.S. 30-year Treasury yield reached approximately 5.327% on August 18, its highest level since 2007.

This is particularly significant because we covered the Treasury's 5.216% 30-year auction yield yesterday.

The move above 5.3% means the bond market has continued repricing even after that auction.

Investors are demanding greater compensation for the combination of inflation risk, fiscal deficits, heavy government borrowing and geopolitical uncertainty.

This is no longer simply a Federal Reserve story. It is a sovereign-debt story.

3. The repricing is spreading around the world

The U.S. is not alone.

Long-term borrowing costs have been rising in Japan, Germany, Britain and other major markets, with several reaching levels not seen in years or even decades.

Japan's bond market is particularly significant because the country spent decades operating in an extremely low-rate environment.

The simultaneous movement across major sovereign markets suggests that investors are reassessing the cost of long-term government financing on a global rather than purely American basis.

4. Central banks face a difficult contradiction

The most important question may be what happens next with monetary policy.

Normally, weaker economic data can increase expectations for lower interest rates. But an oil shock creates the opposite problem because higher energy prices can reignite inflation.

That leaves central banks caught between two competing forces:

• Slower economic growth → pressure to ease

• Higher oil prices → pressure to remain restrictive

• Higher long-term bond yields → tighter financial conditions regardless of short-term policy

• This means a central bank could eventually lower its policy rate while households, businesses and governments still face relatively high long-term borrowing costs.

That is a very different environment from the post-2008 era of ultra-cheap money.

5. The dollar is showing that higher Treasury yields do not automatically mean a stronger dollar

Another important development is the behavior of the U.S. dollar.

The dollar remained near multi-month lows on Tuesday even as Treasury yields rose, while traders reduced expectations for additional Fed tightening.

That is worth watching.

It demonstrates that currency markets are responding to more than interest-rate differentials. Fiscal concerns, geopolitical risk, expectations for monetary policy and confidence in future economic conditions can all influence capital flows.

For foreign-currency holders, this is an important distinction.

Why It Matters

The emerging story is not simply "oil is going up."

It is the interaction between several markets:

• Oil → inflation

• Inflation → central-bank policy

• Central-bank policy → bond yields

• Bond yields → government financing costs

• Debt costs → fiscal pressure

• Fiscal pressure → currencies and capital flows

That creates a feedback system in which a geopolitical event in the Middle East can eventually influence borrowing costs, currencies and investment decisions around the world.

Why It Matters to Foreign Currency Holders

Foreign-currency markets are particularly sensitive to changes in interest-rate expectations and international capital flows.

If U.S. yields remain elevated, dollar assets can continue attracting global capital. But if investors simultaneously become concerned about U.S. fiscal sustainability or expect the Fed to ease, the dollar can behave differently from what a simple yield comparison would suggest.

Today's weaker dollar despite elevated Treasury yields is therefore an important signal.

Currency values are increasingly being shaped by the interaction of debt, monetary policy, energy and geopolitical risk—not by interest rates alone.

Implications for the Global Financial Reset

1. Debt

Higher long-term yields increase the cost of financing government debt. The longer yields remain elevated, the greater the pressure on governments to manage deficits and future borrowing requirements.

2. Central Banks

Central banks may have less freedom to respond to economic weakness if an energy shock keeps inflation elevated.

3. Currencies

Currency markets are being forced to price the competing effects of higher yields, geopolitical uncertainty, inflation and changing expectations for central-bank policy.

4. Trade Architecture

A prolonged disruption around the Strait of Hormuz demonstrates how physical trade routes and financial markets are interconnected. Energy security is becoming an increasingly important component of economic and monetary security.

5. Global Finance

The financial system is being tested by a combination of high sovereign debt, elevated borrowing costs and geopolitical fragmentation. The resulting repricing could influence where global capital flows and how countries manage reserves, currencies and trade.

What to Watch

• Brent crude and whether oil remains above $90.

• The U.S. 30-year Treasury yield and whether it remains above 5.3%.

• Developments involving the Strait of Hormuz and U.S.-Iran negotiations.

• Federal Reserve communications and changing expectations for September policy.

• The U.S. dollar's response to rising Treasury yields.

• Japanese and European sovereign bond yields for evidence that the repricing remains global.

• Whether higher energy prices begin appearing more clearly in inflation expectations.

Bottom Line

The significance of today's market action is not that oil has risen or that Treasury yields have reached another high.

It is the collision between the two.

The world is confronting an energy shock at a time when governments are already carrying historically large debt loads and investors are demanding higher returns to finance them.

That creates a difficult environment for central banks.

They may want to support economic growth, but higher oil prices can keep inflation elevated. They may want to reduce interest rates, but the bond market can independently push long-term borrowing costs higher.

And governments cannot simply ignore those higher borrowing costs when they must continually refinance and issue new debt.

Why This Could Be a Global Financial Reset Signal

A financial reset does not necessarily begin with the introduction of a new currency or the collapse of an existing system.

It can begin with a repricing of risk.

The world is moving away from the assumption that governments can borrow indefinitely at exceptionally low rates while central banks can easily stabilize every shock.

At the same time, geopolitical fragmentation is encouraging countries to reconsider energy security, reserve diversification, trade settlement and dependence on any single financial system.

The result is not yet a replacement for the existing global financial architecture.

It is something more subtle: the underlying economics that support that architecture are changing.

Closing Perspective

The next major phase of the global financial reset may not come from a new currency—it may emerge from the collision between energy, sovereign debt and the limits of central-bank policy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — U.S. 30-year yields hit highest level since 2007 as war, oil worries fester

• Reuters — Selling grips bond markets from U.S. to Japan as inflation, fiscal worries take hold

~~~~~~~~~~

🌱 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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Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Late Monday Evening 8-17-26

Telecom Minister Claims Dinar Redenomination Finalized, Drawing Criticism

Iraq   Jawad Al-Samarraie    August 16, 2026   Baghdad (IraqiNews.com) — Minister of Communications Mustafa Sanad stated in a televised broadcast that the government decision to redenominate the Iraqi Dinar and delete three zeros from the national currency is officially finalized.

Sanad asserted that replacing the current banknotes will force hoarded cash back into formal banking channels while eliminating an estimated 8 trillion IQD ($6.1 billion) in unexchanged currency tied to illicit gains, corruption, and lost funds.

However, the minister’s pronouncements have triggered backlash from economic monitors over fiscal messaging and central bank authority.

Key Statements & Fiscal Arguments

• Finalized Redenomination: Sanad stated the decision to remove zeros and issue a restructured currency is fully resolved.

• Tackling Hoarded & Illicit Liquidity: Replacing existing currency will compel citizens to deposit hoarded cash into formal banking institutions, bringing idle liquidity back into the national economic cycle.

• Projected 8T IQD Money Supply Contraction: An estimated 8 trillion IQD in physical banknotes may never be submitted for exchange due to illicit origins, criminal gains, or deceased/unclaimed holdings.

• State Balance Sheet Relief: Sanad argued that unexchanged legacy banknotes will permanently exit circulation, meaning the state will not be required to issue equivalent replacement notes, reducing the overall money supply.

Sanad’s declarations prompted criticism from economic monitoring group Eco Iraq Observatory, which rebuked cabinet ministers for announcing sensitive monetary policies outside official central banking channels.

The observatory warned that broadcasting national currency reforms through ad-hoc political interviews rather than institutional communiqués undermines market confidence, fuels currency speculation, and signals fragmented inter-agency coordination. Eco Iraq formally urged the Central Bank of Iraq (CBI) and the Ministry of Finance to issue an official clarification detailing the veracity, operational mechanics, and statutory timeline of any currency restructuring plan.

https://www.iraqinews.com/iraq/sanad-dinar-redenomination-delete-zeros-eco-iraq-reaction-2026/

Iraq Has Finalized Its Decision To Redenominate The Iraqi Dinar By Removing Three Zeros From The National Currency.

raqi News @IraqiNews_com    The move is meant to force hoarded cash back into formal banking channels while eliminating an estimated 8 trillion IQD, about $6.1 billion, in unexchanged currency tied to illicit gains, corruption, and lost funds.

Since old banknotes that are never exchanged will permanently exit circulation, the state won't need to issue equivalent replacement notes, effectively shrinking the overall money supply.  

The announcement has drawn criticism from economic monitoring group Eco Iraq Observatory, which warned that announcing sensitive currency reforms through ad hoc interviews rather than official channels risks undermining market confidence and fueling speculation.  

The group has called on the Central Bank of Iraq and Ministry of Finance to issue an official clarification on the plan's details and timeline.  https://iraqinews.com/iraq/sanad-din

https://x.com/IraqiNews_com/status/2089232903687540927

The Parliamentary Finance Committee Responds To Statements About Removing Zeros And Sets A Condition For Raising The Value Of The Dinar.

Baghdad Today - Baghdad   Member of Parliament’s Finance Committee, Bassem Al-Gharabi, commented on the statements and news circulating regarding the project to change the currency and remove zeros, stressing the need to deal very cautiously with this issue because of its direct repercussions on economic stability and capital.

Al-Gharabi said in a post followed by Baghdad that “changing the currency is not ordinary news that can be released without considering its repercussions. It is a highly sensitive monetary issue that can affect citizens’ expectations, the movement of money, and the dollar and gold markets,” stressing that he is waiting for an official and clear position from the Central Bank of Iraq and the competent authorities that clarifies the reality of the project, its legal basis, its economic feasibility, and the timing of its implementation.

The member of the Finance Committee added that removing zeros in itself does not raise the value of the dinar or increase purchasing power, but rather shortens the numbers and facilitates some transactions, noting that real economic reform begins with stabilizing public finances, reforming the banking sector, controlling revenues, and strengthening confidence in the national currency.

Al-Gharabi raised a fundamental legal question about the powers of implementation, saying: Can the Central Bank implement the project within its current powers, or do the implications for contracts, debts, fines, court rulings, taxes and fees require special legislation from the House of Representatives? He called for official and accurate answers to be provided before any final decisions are issued in order to preserve market stability and the rights of citizens.

https://baghdadtoday.news/304832-.html

The Central Bank Remains Silent On The Removal Of Zeros Amid Market Confusion.

August 17, 2026Last updated: August 17, 2026  Independent/Report/ - The silence of the Central Bank of Iraq regarding the escalating news about changing the currency and removing three zeros from the dinar has left an information gap in one of the most sensitive monetary files, at a time when conflicting statements continue to come from officials, deputies and experts regarding a decision that the body authorized to issue the currency has not yet announced whether it has actually been taken, or is still under study, or what its implementation mechanisms are.

The silence surrounding the issue has become even more sensitive after Communications Minister Mustafa Sand stated in a televised interview that the decision to change the currency and remove zeros had been "issued," just days after a member of the parliamentary finance committee spoke of a discussion regarding the proposal to remove zeros during a meeting that included the prime minister, the finance minister, and the central bank governor. The government spokesperson had denied on June 22 the existence of any official decision or proposal in this regard.

Despite the Central Bank continuing to publish its usual news and announcements, including announcements of financial auctions on Sunday, August 16, no clarification regarding the currency change or the removal of zeros appeared in its official data list until Monday morning.

Three economic experts, who spoke to Al-Mustaqila and asked not to be named, said that the absence of a clear statement from the bank left markets and citizens with questions that the monetary authority is supposed to answer before any decision of this magnitude is made.

The first expert said that the problem is no longer about agreeing or disagreeing about the feasibility of removing zeros, but rather about the “irresponsible statements” that preceded any official announcement, considering that they confused the market and left basic questions unanswered, including whether the designs of the new currency were completed, the size of the amounts that can be exchanged, whether the exchange will be in cash or through bank accounts, and how large sums of money will be dealt with.

He added that the uncertainty may push some savers to increase their demand for dollars, especially in a country where large amounts of money are still outside the banking system, and where a segment of the public does not trust banks to the degree that would allow them to suddenly transfer their cash savings to them.

The second expert said that the currency restructuring project is not new, and that it went through study phases within the Central Bank years ago, but he added that moving from study to implementation requires extensive arrangements that include designing the new denominations, contracting with international printing houses, preparing sites to receive, sort and destroy the old currency, preparing banks to open accounts and deal with exchange operations, as well as setting rules for funds that require disclosure of their source.

This is supported by what the Central Bank officially announced in 2022, when it said that restructuring the currency and removing zeros requires a law to be enacted by the House of Representatives, and that a draft law had been prepared years ago and needed amendments.

The Central Bank Law also stipulates that the bank alone has the right to issue currency, determine its denominations, standards, and designs, and make arrangements for its issuance, which makes the absence of its direct position more important than statements issued by other government entities.

The third expert said that dealing with funds of unknown origin does not necessarily require removing zeros, and suggested instead subjecting large cash blocks when they are introduced into the banking system to source verification procedures, and linking the purchase or transfer of ownership of large assets, such as real estate and cars, to anti-money laundering controls when transactions raise suspicious indicators.

The three experts, despite their disagreement on the feasibility of changing the currency, believe that the issue cannot tolerate fragmented media management, because removing zeros does not automatically increase the purchasing power of the dinar, but rather it is a renaming of the monetary unit that requires changing prices, salaries, debts and contracts in the same proportion if it is implemented properly.

The question that needs answering from the central bank remains simpler than the ongoing debate: **Was the decision to remove zeros actually made?**

If a change has been made, the market expects the entity responsible for the currency, not ministers, members of parliament, or social media platforms, to announce its timing, the mechanism of the exchange, its limits, the fate of funds outside banks, and the guarantees that prevent market disruption or harm to citizens' savings.

https://mustaqila.com/البنك-المركزي-يلتزم-الصمت-حول-حذف-الأص/

Tuesday Iraq News Posted by Tishwash at TNT 8-18-2026

TNT:

Tishwash:  Prime Minister's Advisor: Digital Dinar a promising project to enhance the efficiency of monetary policy

 The Prime Minister's advisor, Mazhar Muhammad Salih, confirmed on Monday that the digital dinar is a promising strategic project and not an independent solution to the liquidity crisis. While he pointed out that paying salaries digitally enhances the speed of payments and reduces cash transactions, he indicated that the success of the digital dinar depends on expanding banking services and infrastructure.

Saleh told the Iraqi News Agency (INA): “The proposal to launch the digital Iraqi dinar is one of the ideas that deserves to be studied within the framework of Iraq’s move towards digital transformation and the development of the financial system.

If the digital dinar is meant to be a digital currency issued by the Central Bank of Iraq and enjoys the same legal force as the paper dinar, then it could represent a modern tool to enhance the efficiency of monetary policy, improve liquidity management, and develop the government payments system, which is what most central banks in the world are working on today.”

He added that “a sovereign digital currency does not mean creating a new currency, but rather issuing a digital form of the Iraqi dinar, so that it becomes available for electronic trading through digital wallets and bank accounts, while its value remains equal to the paper dinar,” explaining that “the importance of the digital currency lies in reducing reliance on cash, lowering printing, transportation and protection costs, speeding up payment processes, enhancing financial inclusion, as well as reducing the unregulated cash economy and its associated tax evasion, money laundering and corruption.”

Saleh pointed out that “the digital dinar should not be blamed for addressing the cash liquidity crisis, as the crisis, if it exists, is primarily linked to structural economic and financial factors, including the structure of the general budget, the level of government spending, citizens’ confidence in the banking sector, the size of deposits, and monetary policy,” stressing that “the digital dinar is a means to improve the efficiency of cash management, and not an independent cure for macroeconomic imbalances.”

He continued: “The Central Bank of Iraq has made significant progress in the digital transformation process by expanding electronic payment systems, digital wallets, point-of-sale devices, and linking banks to modern settlement systems.” He pointed out that “these measures represent the foundation upon which future decisions can be made to issue a sovereign digital currency, but this requires completing the legal and legislative frameworks, strengthening cybersecurity, and providing a technological infrastructure capable of accommodating this transformation.”

He explained that “disbursing salaries to employees and retirees in digital form is technically possible, especially since a large segment of salaries are currently disbursed via bank cards linked to the localization of government salaries and pensions,” noting that “in the future, the possibility of depositing salaries directly into digital wallets or accounts linked to the digital dinar can be studied, which reduces the need for cash transactions, enhances the speed of payment execution, and limits the risks of transferring and handling money in cash.”

Saleh explained that "the success of this transformation depends on several requirements, most notably expanding the spread of banking services in all governorates, increasing the number of electronic payment devices and ATMs, improving the quality of communications and internet services, and raising the level of digital financial literacy among citizens, in order to ensure that society accepts these modern methods and uses them with confidence and security."

The Prime Minister’s advisor pointed out that “the launch of the digital Iraqi dinar represents a promising strategic project, but it is not a substitute for economic and financial reforms, rather it is part of them. Its success requires a more diversified economy, a more efficient banking sector, and disciplined financial policies, in addition to an integrated legal and technical framework. When these elements are available, the digital dinar can contribute to enhancing financial stability, improving liquidity management, and supporting the transition towards a more efficient and transparent digital economy, in line with modern global trends in managing monetary systems link

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

Tishwash:  Iraq to Drop Zeros From Its Currency as Dinar Redenomination Returns?

Iraq's Communications Minister Mustafa Sanad says Iraq has decided to remove zeros from the dinar and reprint the currency, but the Central Bank remains the country's monetary authority and has not publicly confirmed a timetable.

Is Iraq preparing to remove zeros from its currency after years of discussion over a possible dinar redenomination?

The question returned to the forefront Sunday after Communications Minister Mustafa Sanad said the decision had been made and that Iraq's currency would soon undergo changes and be reprinted.

"The decision to remove the zeros from the Iraqi currency has been made; the Iraqi currency will soon undergo changes and be reprinted," Sanad said in an interview with INews Iraq.

The statement would represent a major development in a monetary reform proposal discussed in Iraq for more than a decade.

But it also raises questions over timing and implementation because the Central Bank of Iraq (CBI), rather than the Communications Ministry, is the country's monetary authority.

The CBI has not, in the material reviewed for this report, announced a specific timetable for removing zeros. In June, the bank stressed its commitment to supporting the dinar and maintaining monetary and economic stability, while warning against inaccurate reporting about currency-related measures.

What Would Removing Zeros Mean?

Removing zeros, commonly referred to as redenomination, would change the numerical denominations of Iraq's banknotes without necessarily changing the currency's real purchasing power.

For example, under a hypothetical three-zero adjustment, 1,000 old dinars could become one new dinar, with prices, wages, bank balances, contracts and other financial values adjusted proportionally.

The policy would therefore be fundamentally different from a devaluation or revaluation of the dinar.

Earlier discussions by the Central Bank have presented deleting zeros as a technical and administrative reform intended to simplify accounting, reduce the volume of cash in circulation and make financial transactions more efficient.

The CBI's broader reform agenda has also focused on strengthening the banking sector and expanding international banking relationships.

In July, Prime Minister Ali Falih al-Zaidi said seven Iraqi banks had been prepared to return to international correspondent-banking channels after meeting compliance and governance requirements.

Why Is the Idea Returning Now?

The proposal comes as Iraq attempts to modernize a heavily cash-dependent economy while managing significant fiscal and monetary pressures.

The country remains highly dependent on oil revenues, leaving government finances sensitive to fluctuations in crude prices and production.

At the same time, the amount of currency circulating in the economy has grown substantially, making the physical handling of large-denomination dinar payments increasingly cumbersome.

A redenomination could make everyday accounting and financial reporting more straightforward.

It could also complement efforts to move transactions into the formal banking system, particularly if the replacement of banknotes encourages citizens and businesses to deposit large cash holdings rather than keeping them outside financial institutions.

Not a Shortcut to a Stronger Dinar

A critical distinction is that removing zeros would not automatically make the dinar more valuable.

If the conversion were purely proportional, an item costing 50,000 old dinars could simply be priced at 50 new dinars after three zeros were removed.

Salaries and bank deposits would undergo the same mathematical adjustment.

The reform would therefore simplify the currency rather than instantly increase Iraqis' purchasing power.

The CBI has previously emphasized the importance of monetary stability, and in June it rejected misleading claims surrounding currency and state financing operations.

The bank said its strategy remained focused on supporting the dinar and maintaining financial and economic stability.

A Reform With Political and Practical Risks

Any decision to redenominate the currency would require extensive preparation.

The government and central bank would need to coordinate the printing of new notes, establish a conversion period, adjust accounting and payment systems, update contracts and financial records, and conduct a large public information campaign.

Businesses, banks and government institutions would also need sufficient time to adapt.

The transition could be particularly sensitive in Iraq because of the size of the informal cash economy.

Authorities would need to ensure that counterfeit notes, unregistered wealth and illicit funds do not enter the financial system during the exchange process.

At the same time, political agreement would be needed across Baghdad's fragmented political landscape, including coordination between the Central Bank, Finance Ministry, Parliament and other state institutions.

Banking Reform Moves in Parallel

The currency debate comes as Iraq's financial sector is already undergoing a broader reform process.

The CBI said in February that Iraqi commercial and Islamic banks and branches of foreign banks had completed a major stage of a comprehensive reform program, with institutions choosing among paths including remaining independent, merging or exiting the market.

The bank said further work would focus on addressing identified deficiencies and achieving full compliance.

The bank has also been working to expand the ability of compliant Iraqi banks to conduct international transactions in currencies including the euro, UAE dirham, Chinese yuan and Jordanian dinar.

Those reforms are relevant to a potential redenomination because changing the physical currency without strengthening the banking infrastructure would address only part of the problem.

What Happens Next?

Sanad's statement has revived a proposal that has circulated through Iraqi economic policy debates for years.

But the key question now is whether the statement represents a finalized government decision ready for implementation or a political announcement ahead of formal action by the country's monetary authorities.

The Central Bank will ultimately be central to determining how, and whether, the reform proceeds.

For Iraqis, the practical significance will depend less on the number of zeros printed on a banknote than on what accompanies the change: monetary stability, functioning banks, transparent conversion rules and confidence that the new currency will retain its purchasing power.

Until those elements are established, the prospect remains best framed as a major policy signal rather than an immediate change in the value of the Iraqi dinar.  link

Tishwash:  New changes in financial and development institutions... Al-Zaydi appoints new leaders

 Prime Minister Ali Faleh al-Zaidi made new changes today, Tuesday, to a number of leadership positions within financial and development institutions, in a move that the government said comes within its directions to enhance efficiency and support the path of administrative and economic reform.

The changes included appointing Ali Abdul-Ridha Alwan as Chairman of the Trade Bank of Iraq (TBI), while Bilal Al-Hamdani was appointed Executive Director of the Iraq Development Fund, in a decision that places two new figures in front of important responsibilities in one of the most sensitive sectors of the Iraqi economy.

The importance of this step stems from the nature of the institutions that were included in the changes. The Iraqi Trade Bank is one of the most prominent government banking arms, while the Iraq Development Fund is linked to investment files, programs and development projects, which makes management efficiency a key factor in achieving the desired results.

According to official explanations, the aim of the changes is to raise the level of institutional performance and accelerate the implementation of development programs and plans, in addition to supporting administrative and economic reform.

But the success of this step will not be measured by simply changing names and positions, but rather by the tangible results that the new administrations will deliver, especially in light of the challenges facing the Iraqi economy and the banking sector, and the need for more efficient, transparent institutions capable of keeping pace with financial and digital transformations.

The new management of the Iraqi Trade Bank faces important issues, including developing banking services, strengthening governance, improving performance, and supporting confidence in the Iraqi banking system. Meanwhile, the Iraq Development Fund will have a greater responsibility to transform plans and allocations into real development projects that contribute to creating job opportunities and stimulating the economy.

In conclusion, the recent changes appear to be part of a governmental trend to restructure financial and development institutions, and the real test remains during the next phase: Will the new leadership succeed in transforming administrative change decisions into economic and developmental results that are felt by the citizen and the Iraqi economy? link

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Tishwash:  Exclusive: Iraq nears agreement with German company to transport its oil through the Strait of Hormuz with Iranian approval

An Iraqi government source revealed on Monday that the State Oil Marketing Company (SOMO) is conducting intensive negotiations with American and German oil transport companies in an attempt to secure the passage of Iraqi crude through the Strait of Hormuz, taking advantage of Iranian approval for the passage of tankers flying the Iraqi flag amid the disruptions to shipping in the waterway.

The source told Shafaq News Agency that "Iraq is seeking to capitalize on Iran's approval for Iraqi-flagged oil tankers to cross the border to deliver crude oil to global markets," indicating that "SOMO has held talks with two companies specializing in global oil transport, one American and the other German."

He explained that "the American company refused to raise the Iraqi flag on its tankers, which is a basic condition set by Baghdad to ensure the safe passage of oil through the strait, and therefore no agreement has been reached with it so far."

According to the source, "the German company has agreed to raise the Iraqi flag on its tankers while transporting crude oil from Iraqi ports and passing through Hormuz to global markets," noting that "Iraqi oil will not be subject, according to understandings with the Iranian side, to any financial fees for passage."

However, the source pointed to another obstacle related to the American side, saying that Baghdad “needs American approval or authorization to complete the transit arrangements,” predicting that it would be obtained soon, in light of the American sanctions imposed on parties linked to Iranian navigation and insurance mechanisms in the Strait of Hormuz.

The United States imposed sanctions on July 29 on companies and tankers linked to Iran, including entities that Washington said were using insurance and shipping services to collect revenue from ships crossing the strait, further complicating insurance and financial transactions related to transit.

The government source pointed out that the deadline set by Prime Minister Ali Faleh al-Zaidi for the Ministry of Oil to find solutions to the crude oil export crisis "may be extended for a second week," explaining that reaching final arrangements with shipping companies "is not easy," as the companies are demanding higher transportation fees and additional insurance guarantees commensurate with the level of risks in the strait.

On Monday, Al-Zaidi gave the Ministry of Oil a week to show tangible results in addressing the export crisis, and directed it to contract with international companies to market and sell oil, and to develop alternative export outlets, in light of the decline in exports due to the Hormuz crisis.

The new negotiations come after an official Iraqi move towards Washington and Tehran to obtain arrangements that would ensure the continuous passage of oil tankers, while Iraq's exports in July amounted to about 49 million barrels, more than 30 million barrels of which passed through the Strait of Hormuz, according to data from the Ministry of Oil.

Security risks and high insurance costs remain major obstacles to restoring Iraqi exports to normal levels. Shipping companies have refrained from sending tankers to Basra ports despite the significant discounts offered by SOMO to buyers. Ship tracking data from earlier in August showed a sharp decline in shipping traffic through the Strait of Hormuz, as ship owners remained hesitant to enter the region due to the risk of being targeted.

In a sign of the difficult situation, Totsa, the trading arm of Total Energies, recently offered Basra crude for loading from locations outside the Strait of Hormuz, as buyers continue to be reluctant to send tankers to Iraq’s southern ports because of security risks.  link

Iraq Economic News and Points To Ponder Monday Evening 8-17-26

Iraqi PM Advisor: Digital Dinar a ‘Promising Strategic Project’

Daban Mohammed   At a Glance 

• The Iraqi PM advisor described the digital dinar as a strategic initiative designed to enhance monetary policy and improve liquidity management.

• The advisor clarified the digital currency is a legal tender extension of the paper dinar.

• The official cautioned the project is not a direct remedy for structural macroeconomic imbalances.

• Lawmakers proposed distributing state salaries directly into citizen digital wallets.

Mudher Muhammad Salih, advisor to the Iraqi Prime Minister, identified the proposed digital Iraqi dinar as a strategic initiative to boost monetary policy efficiency, enhance liquidity management, and modernize government payment systems.

Key Statement and Focus Area

• The PM advisor noted, "The proposal to launch the digital Iraqi dinar is one of the ideas worth studying within the framework of Iraq's orientation towards digital transformation and developing the financial system."
  

• Salih stressed that "the launch of the digital Iraqi dinar represents a promising strategic project, but it is not a substitute for economic and financial reforms; rather, it is a part of them."
  

• "The Central Bank of Iraq has made significant strides in the digital transformation path by expanding electronic payment systems, digital wallets, and point-of-sale (POS) devices, as well as linking banks to modern settlement systems," he added.

Speaking to state media, the Iraqi News Agency (INA), Salih said a digital dinar issued by the Central Bank of Iraq (CBI) with legal tender status could enhance monetary policy and liquidity management.

Salih explained that the initiative introduces a "digital version of the Iraqi dinar" for electronic trading while maintaining a value "equal to the paper dinar."

He clarified that the sovereign digital currency does not introduce a new currency, but rather creates a "digital version of the Iraqi dinar" available for electronic trading via digital wallets and bank accounts while remaining "equal to the paper dinar."

The digital currency aims to reduce cash reliance, cut operational costs, and counter financial corruption like tax evasion. However, Salih cautioned against viewing the digital dinar as a direct solution to Iraq's structural liquidity crisis.

He emphasized that the project serves to improve cash management efficiency rather than remedy broader macroeconomic imbalances.

The advisor highlighted that these measures form the foundation for a future sovereign digital currency. However, he noted that the transition requires completing legal frameworks, strengthening cybersecurity, and upgrading technical infrastructure.

Salih mentioned that paying employee and retiree salaries digitally is already "technically possible" due to existing widespread bank card enrollment. In the future, the government can study depositing funds directly into accounts linked to the digital dinar to limit the risks of "handling funds in cash."

He underlined that success depends on nationwide banking expansion, more payment devices, improved internet services, and higher "digital financial literacy" to ensure "community acceptance" and security.

FYI

The proposed digital Iraqi dinar aims to modernize capital movement and address a severe, structural liquidity paradox in the country. 

To combat the hoarding of an estimated 70% to 80% of currency outside the banking system, legislators suggestsd to distribute government salaries directly via the digital dinar, bypassing the physical cash gridlock.

On Friday, August 7, lawmaker Saad al-Awadi formally proposed launching the digital Iraqi dinar to secure and distribute state employee and retiree salaries directly into digital wallets. 

The explicit intent of this legislative push is to bypass the physical cash bottleneck and secure immediate purchasing power for citizens. https://channel8.com/english/news/63999

Raq’s Government Has Not Decided To Remove Zeros From The Currency,

Zoom News @zoomnewskrd   #BREAKING: Iraq’s government has not decided to remove zeros from the currency, spokesperson Haider Al-Aboudi says, adding that any such move would require legislation from Parliament.

https://x.com/zoomnewskrd/status/2089427732572557349

Iraq: Increased Demand For The Dollar Following Leaks About Changing The Dinar.

Demand for the dollar is high in the Iraqi market amid expectations of currency change and a rising exchange rate.

August 17, 2026Last updated: August 17, 2026

Al-Mustaqilla - An informed source revealed to Al-Mustaqilla that there has been a noticeable increase in demand for the dollar in the Iraqi market in recent hours, coinciding with escalating talk and leaks regarding a government plan to make changes to the Iraqi currency in the coming period.

The source said that the increased demand for the dollar is mainly due to the anxiety caused by the statements and leaks circulating about the project to change the Iraqi dinar, and the new monetary and financial measures that may accompany it.

According to the source, some market participants are converting part of their savings from dinars to dollars, in anticipation of any possible changes in the currency trading mechanism or exchange rates, which may increase demand for foreign currency and increase pressure on the dollar exchange rate in the parallel market.

The source indicated that there are expectations of a rise in the dollar exchange rate against the dinar during the next period if the demand for the dollar continues, stressing at the same time that the size and extent of the rise are linked to the measures that may be taken by the government and the Central Bank of Iraq, as well as the level of supply and demand in the market.

These developments come at a time when controversy is growing over the restructuring of the Iraqi currency and the removal of zeros, amid information circulating about preparations to issue a new currency and replace the current currency according to specific timeframes.

Conversely, any official change to the currency or exchange rate requires decisions and procedures announced by the competent authorities, and leaks circulating alone cannot be considered evidence of the project's implementation.

Iraqi markets are awaiting the position of the Central Bank and the government regarding this information in the coming days, especially since any official announcement regarding the currency or exchange rate would directly affect the movement of the dollar and local markets.

Iraq: Increased demand for the dollar following leaks about changing the dinar.

"A Sick Currency" In New Clothes... Will Removing Zeros Save The Dinar Or Just Beautify The Crisis?

Information / Report...   From time to time, the proposal to remove zeros from the currency and replace them as a solution to end inflation and simplify accounting transactions is raised in Iraqi economic and political circles.

With fluctuating exchange rates, the current cash liquidity crisis, and the pressures of public debt, the Iraqi citizen finds himself torn between government promises of stability and the very real fears of inflation.

Will changing the local currency and removing its zeros represent a genuine lifeline for the ailing economy, or is it merely a cosmetic measure for a sick currency that will not address the root causes of the structural financial crisis plaguing the country? 

Supporters of this measure believe it offers significant organizational and psychological benefits, most notably facilitating accounting transactions and reducing the astronomical figures in public budgets, bank accounts, and daily sales and purchase statements.

Moreover, it would restore confidence in the Iraqi dinar by giving it an appearance of strength and high value against foreign currencies like the dollar, thus improving investor confidence.

Additionally, it would alleviate logistical burdens by reducing the volume of circulating cash and saving on printing, transporting, and storing it, and would compel citizens to bring hoarded cash at home into the formal banking system to combat the shadow economy. 

Conversely, economists warn that removing zeros from the currency could become a mere illusion with potentially disastrous consequences, as it fails to address the root causes of the structural crisis linked to Iraq's total dependence on oil.

Furthermore, the process of withdrawing the old currency and printing and distributing the new denominations would be prohibitively expensive, and could potentially cause market instability, driving citizens to seek refuge in dollars or gold out of fear of economic collapse. 

In this context, economist Abdul Rahman al-Mashhadani emphasized on Monday that the decision to remove zeros and change the local currency falls exclusively under the purview of the Central Bank of Iraq. He cautioned against taking this step amidst the current financial crisis, given its potentially negative repercussions on the market.

Al-Mashhadani told Al-Maalouma News Agency, “The idea of removing zeros and changing the currency is not new; work on it and a comprehensive study on it have been underway since 2012.” He added that the justifications recently put forward, claiming the move aims to control the funds of corrupt individuals, are illogical and impractical.

He pointed out that "changing the currency will not have a direct impact on the big corrupt figures and those hoarding ill-gotten gains, as they have many ways to circumvent the decision, including distributing the funds to relatives and close associates or recruiting people to transfer them in exchange for financial commissions."

He added that "the currency replacement process will take at least seven months at best, and requires the Central Bank to develop a new structure and designs, which will be subject to in-depth discussions." He explained that "the printing process is not local but is linked to a British company, and the denominations are printed in four countries: France, Britain, Spain, and India."

Al-Mashhadani clarified that “the replacement process needs specific and well-regulated banking outlets to prevent overcrowding, chaos, and exploitation by unscrewulous individuals.” He revealed that "the amount of money hoarded outside the banking system is enormous and estimated to be Approximately 92 trillion dinars."

For his part, Murtadha al-A'ajibi, a member of the Iraqi Foundation Coalition, confirmed on Monday that talk of removing zeros from the Iraqi currency is actually a proposal being discussed, indicating that there are no current government efforts or plans to implement it.

Al-A'ajibi told Al-Ma'louma news agency, "The talk about removing zeros from the Iraqi currency is just a proposal being discussed, and there are currently no government efforts or actual plans to implement this step," explaining that "the matter has not yet reached the stage of implementation procedures."

He added that "removing zeros does not represent a solution to the financial crisis that Iraq is suffering from, nor can it address the root of the economic problem," noting that "addressing the financial situation requires real and well-considered measures that target the causes of the crisis, rather than resorting to superficial solutions."

Al-A'ajibi pointed out that "such steps do not contribute to addressing the financial crisis, but rather are merely stopgap solutions that do not fundamentally address the economic problems." He stressed the necessity of "focusing on economic and financial reforms that would address the root causes of the imbalances and enhance the stability of the Iraqi economy". End/25

https://almaalomah-me.translate.goog/news/141463/report/عملة-مريضة-بأثواب-جديدة-حذف-الأصفار-هل-ينقذ-الدينار-أم-يجمل?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

The Monetary System Is in “Huge Trouble” | Frank Giustra & Michelle Makori

The Monetary System Is in “Huge Trouble” | Frank Giustra & Michelle Makori

Miles Franklin Media:  8-16-2026

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, interviews Frank Giustra, CEO of the Fiore Group, mining financier and founder of Lionsgate Entertainment.

Following Senator Rand Paul’s visit to Fort Knox, Giustra explains why seeing the gold is not the same as independently verifying its quantity, ownership and possible encumbrances.

Giustra also examines mounting pressure on the U.S. dollar and Treasury market, central bank gold buying, de-dollarization, the petrodollar and the yen carry trade. He explains why he expects quantitative easing to return and how the policy response to the next crisis could drive gold significantly higher.

Giustra also warns that the AI-driven equity boom is an unsustainable bubble and explains why a recession could initially pull down stocks, cryptocurrencies and gold.

He closes with his long-term outlook for copper amid rising demand and a deepening supply deficit.

In this episode of The Real Story with Michelle Makori:

What Senator Rand Paul’s Fort Knox visit did and did not confirm

Why Giustra is calling for an independent audit of U.S. gold reserves

Whether America could be quietly accumulating additional gold

Central bank gold buying and the acceleration of de-dollarization

The petrodollar, Iran and the Strait of Hormuz

Japan, the yen carry trade and risks to U.S. Treasuries

Why Giustra expects quantitative easing to return

The AI bubble, recession risk and implications for financial markets

Why gold could fall initially during a liquidity crisis

Copper shortages, critical minerals and the global supply deficit

Why owning physical gold remains Giustra’s highest-conviction position

00:00 Coming Up

02:38 Introduction

04:15 Fort Knox Timeline

06:10 Clips And Reactions

08:27 Why No Real Audit

11:53 Audit Motives And Doubts

16:46 Hidden Gold Theories

19:11 Covert US Gold Buying

25:05 China Gold And Paper Market

29:11 How Gold Reenters System

31:09 Five Year Reset Forecast

34:37 Petrodollar And War

37:52 Petrodollar Police Examples

40:02 Bessent Clip And Pushback

43:39 Iran War Endgame

44:36 War Fallout Grows

45:52 Inflation Oil And Gold

49:27 Japan Yen Carry Trade

53:24 Treasury Selloff To QE

56:35 Default Or Debase

59:38 Next QE Ends Dollar

01:02:09 Dollar Crisis Repression

01:05:51 Hard Asset Reset Path

01:08:52 AI Bubble Rate Cuts

01:15:41 Copper Supply Cliff

01:19:53 Own Physical Gold

01:21:29 Closing

https://www.youtube.com/watch?v=WyuLLGhI7To

Iraq Economic News and Points To Ponder Monday Afternoon 8-17-26

Tehran To Tackle Iranian Business Hurdles In Iraq

2026-08-16 Shafaq News- Baghdad  Central Bank of Iran Governor Abdolnaser Hemmati pledged to address obstacles facing Iranian businesses in Iraq, Iranian media reported on Sunday.  During a meeting with Iranian business representatives in Baghdad, Hemmati said he would follow up on export revenues, customs tariffs, and unpaid dues to Iranian contractors.

Hemmati arrived in Baghdad on Sunday with an economic delegation and met Iraqi Trade Minister Mustafa Nizar al-Ani to discuss strengthening bilateral trade, facilitating the movement of goods, and implementing existing agreements.

https://www.shafaq.com/en/Economy/Tehran-to-tackle-Iranian-business-hurdles-in-Iraq

Oil Prices Climb On Hormuz Shipping Disruptions

2026-08-17 Shafaq News Oil prices rose on Monday as fading expectations of a U.S.-Iran peace breakthrough and slower tanker traffic through the Strait of Hormuz reinforced geopolitical risk concerns in the market.

Brent crude futures rose as much as 1% to $89.40 per barrel and were last trading up 72 cents at $89.20 by 0229 GMT. The U.S. West Texas Intermediate crude futures ⁠rose 44 cents to $82.83 a barrel.

Both contracts gained more than 5% last week following attacks on tankers operated by Abu Dhabi National Oil Company in the Hormuz strait and on a Saudi Aramco refinery.

Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. while U.S. President Donald Trump urged Americans to accept slightly higher gasoline prices while the conflict continues.

"Oil prices have now rebounded almost completely from the lows seen in early August, as hopes for a more permanent resolution between the U.S. ⁠and Iran have faded and geopolitical risk premiums have returned to the market," said Priyanka Sachdeva, head of market insights for Phillip Nova in Singapore.

"However, I see limited upside from here unless we get clear evidence of renewed aggression in the Strait of Hormuz, particularly material damage ⁠to tankers or oil infrastructure," she said.

Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers. Five commodity vessels transited the strait on Saturday, with none ⁠registered for Sunday, ship-tracking data from Kpler showed, versus 31 for the prior weekend.

The United Arab Emirates accused Iran of attacking a third vessel operated by ADNOC that was ⁠transiting the strait on Friday, the Emirati state news agency WAM reported, after blaming it for two other incidents involving ADNOC vessels in the strait on Thursday evening. https://www.shafaq.com/en/Economy/Oil-prices-climb-on-Hormuz-shipping-disruptions

PM Al-Zaidi Orders Round-The-Clock Oil Operations

2026-08-17 Shafaq News- Baghdad (Updated at 18:35)  Iraqi Prime Minister Ali Al-Zaidi on Monday ordered oil companies to operate around the clock to sustain production and boost exports as the closure of the Strait of Hormuz continues to restrict crude shipments, demanding tangible results within one week.

At an Oil Ministry meeting, Al-Zaidi called for faster pipeline upgrades, alternative routes, and contracts with international companies to market Iraqi oil, according to his office. He also pressed officials to use the crisis to accelerate infrastructure projects and reduce dependence on Hormuz.

Every barrel of oil left unsold meant a delay in salaries or public services and a loss to the state treasury, Al-Zaidi stated, insisting that officials deliver solutions rather than explanations.

https://www.shafaq.com/en/Economy/PM-Al-Zaidi-orders-round-the-clock-oil-operations

Gold Nears $4,400 As Rate Hike Bets Fade

2026-08-17   Shafaq News   Gold ​drifted higher on Monday, supported by a weaker dollar and recent ‌soft economic data that reduced expectations for a U.S. interest rate hike next month.

Spot gold rose 0.4% to $4,391.49 per ounce by 0520 GMT. Prices hit a more-than-two-month high ​last week.

U.S. gold futures for December delivery edged 0.3% higher to $4,448.40.

The U.S. ​dollar index (.DXY) was down 0.2%, making greenback-priced metals more affordable for ⁠other currency holders.

"Gold has taken the ball and run with it ​to start the week, with soft inflation numbers keeping the U.S. dollar under ​pressure and giving gold extra headroom to push towards the $4,400 level," said Tim Waterer, chief market analyst at KCM Trade.

"A sustained move above $4,500 would likely need additional dollar ​weakness or a clearer pullback in energy prices."

An unexpected decline in ​U.S. nonfarm payrolls in July, coupled with data showing only mild consumer price inflation, has reduced ‌expectations ⁠that the U.S. Federal Reserve will raise interest rates next month.

Traders are now pricing in a 30% chance of a September rate hike, down from 47% a month earlier, CME's FedWatch Tool showed.

Lower interest rates reduce ​the opportunity cost ​of holding non-yielding ⁠bullion, enhancing its appeal to investors.

Markets are now awaiting minutes of the Fed's July meeting, due on Wednesday, ​for further clues on policymakers' monetary stance.

On the geopolitical ​front, U.S. ⁠President Donald Trump's envoys met with Egyptian, Qatari and Turkish mediators in Cairo on Sunday, a diplomatic source said, aiming to advance his Gaza peace plan, ⁠even as ​Israel pressed on with airstrikes in the ​enclave.

Among other metals, spot silver rose 1.4% to $65.57 per ounce. Platinum fell 0.1% to $1,746.43, while palladium gained 1.4% ​to $1,331.10.  (Reuters) https://www.shafaq.com/en/Economy/Gold-nears-4-400-as-rate-hike-bets-fade

USD/IQD Edges Higher In Baghdad, Erbil

2026-08-17 Shafaq News- Baghdad/ Erbil  The US dollar opened higher in Iraq on Monday, trading above 153,900 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad’s Al-Kifah and Al-Harithiya exchanges at 154,000 dinars per 100 dollars, up from the previous session’s 153,100 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 154,000 dinars and buying prices at 153,900 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-edges-higher-in-Baghdad-Erbil

Gold Prices Increase Across Baghdad And Erbil

2026-08-17    Shafaq News- Baghdad/ Erbil   On Monday, gold prices hovered around 970,000 IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 960,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 956,000 IQD. The same gold sold for 950,000 IQD on Sunday.

The selling price for 21-carat Iraqi gold stood at 930,000 IQD, while the buying price reached 926,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 960,000 and 970,000 IQD, while Iraqi gold sold for between 930,000 and 940,000 IQD.

In Erbil, 22-carat gold was sold at 994,000 IQD per mithqal, 21-carat gold at 951,000 IQD, and 18-carat gold at 814,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-increase-across-Baghdad-and-Erbil

Monday Iraq News Posted by Tishwash at TNT 8-17-2026

TNT:

Tishwash:  Late-night meeting of the four presidencies to discuss three "serious" issues in Iraq

The four presidencies will hold an important meeting this evening, Monday, focusing on the issue of limiting weapons and options for confronting factions that refuse to disarm after the September 30 deadline.

According to an informed source who spoke to Shafaq News Agency, the meeting to be held between Prime Minister Ali al-Zubaidi, Speaker of Parliament Hebat al-Halbousi, President Nizar Amidi, and Head of the Supreme Judicial Council Faiq Zaidan will focus on two issues: first, restricting weapons, and second, continuing the fight against corruption and ensuring there are no red lines in pursuing any person accused of corruption, regardless of their governmental or political position.

The source explained that the meeting will also discuss the economic situation and the serious financial crisis that Iraq is going through due to the halt in its oil exports through the Strait of Hormuz, and possible solutions to confront the crisis in the coming period.

The issue of armed factions is one of the most sensitive issues facing the Iraqi government, with the approach of September 30, which the main political forces have set as the deadline for restricting weapons to official institutions.

In September 2024, Iraq and the United States agreed to end the military mission of the US-led international coalition against ISIS in Iraq, as part of a phased plan to move the security relationship between the two countries from the framework of the coalition to a bilateral partnership.

On Sunday, the State of Law coalition, led by Nouri al-Maliki, submitted a proposal to separate the date of the withdrawal of US forces from Iraq from the issue of disarming the factions, within the framework of a vision that is still "under study".

Regarding the fight against corruption, a campaign of arrests was launched in Iraq in late June, targeting political officials, members of parliament, and businessmen, as part of a campaign called "Operation Dawn," which Prime Minister Ali al-Zubaidi described as the "first phase" of broader measures to recover public funds, while tasking oversight bodies with receiving any indications related to cases of corruption or negligence in state institutions.

On the financial level, Iraq is experiencing a serious financial crisis, which has resulted in the delay in paying the salaries of a number of Iraqi state employees for the month of July, amidst accumulated living expenses and increasing economic pressures that have begun to be clearly reflected in the Iraqi markets.  link

Tishwash:  Minister of Communications: The decision to remove zeros and change the Iraqi currency has been finalized.

Communications Minister Mustafa Sand said that the decision to remove zeros from the Iraqi currency and change it has been finalized, noting that implementing this step will contribute to bringing hoarded funds out of the banking system and returning them to the economic cycle .

During a televised interview followed by Al-Sa’a Network, Sand added that “the currency exchange process will push those who hoard money to disclose it, while other amounts will remain outside the exchange process, especially money that its owners cannot show,” referring to money obtained from corruption or illegal activities, in addition to money that is lost or belongs to deceased people, which may reduce the size of the circulating cash mass.

He pointed out that "the value of the money that may not be exchanged could reach, according to his estimates, about 8 trillion dinars," considering that "its non-return practically means that the state will not be obliged to issue its equivalent in new currency."

Sand’s statements come after a wide controversy she stirred up regarding changing the Iraqi currency and removing zeros, as the “Eco Iraq” observatory denounced the announcement of sensitive economic and monetary decisions through unqualified entities, while the Central Bank of Iraq and the Ministry of Finance remained silent .

The observatory said in a statement received by Al-Sa’a Network that managing a file as large as the national currency through scattered statements, instead of official statements issued by the competent monetary and financial authorities, reflects a weakness in government coordination, warning that ambiguity may open the door to rumors and speculation and affect citizens’ confidence in the national currency, and demanding that the Central Bank and the Ministry of Finance issue an official clarification regarding the truth of the decision, its implementation mechanisms and its timetable . link

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Tishwash:  Economic Observatory: Government silence regarding "currency change" is confusing the Iraqi dinar market

Observatory of Iraq criticized the confusion in the government’s discourse, which is represented in announcing sensitive economic and monetary decisions, such as changing the currency, through unqualified entities, amid the silence of the Central Bank of Iraq and the Ministry of Finance.

The observatory stated in a statement received by Shafaq News Agency that "managing a file as large as the national currency through scattered statements, instead of clear official conferences and statements issued by the competent monetary and financial authorities, reflects a weakness in government coordination," explaining that "such confusion opens the door to rumors, speculation, market disruption, and harm to citizens and the country."

The observatory warned that "this ambiguity affects the economic security of citizens and may affect their confidence in the national currency and increase the demand for foreign currencies and gold, thus exacerbating the state of anxiety in the market."

Eco Iraq held the Central Bank and the Ministry of Finance "responsible for clarifying the truth about the decision and any confusion in the Iraqi market resulting from their silence," demanding that the competent authorities "issue an official statement explaining the reasons for changing the currency, the implementation mechanisms, the timetable, and guarantees to protect citizens' savings and market stability."  link

Tishwash:  Iraq Struggles to Contain Volatile Dinar Currency Disparity

At a Glance

The Iraqi dinar reached its peak value during the 1970s when one dinar was worth four U.S. dollars.

Conflict and economic embargoes during the 1990s caused the currency to crash to 3,000 dinars per dollar.

The Central Bank fixed the official rate at 1,320 IQD, but parallel market rates remain high at 1,530 IQD.

The government has failed to contain the significant price gap between official state channels and open market vendors.

Channel8 has learned that decades of geopolitical conflict, sanctions, and market resistance have left Iraq unable to bridge the gap between its official 1,320 IQD peg and parallel market rates exceeding 1,530 IQD, cementing a historic decline from its four-dollar peak in the 1970s. 

Key Statements and Focus Area

On current market disparity: A persistent, wide gap remains between Iraq's official and market exchange rates, with open markets trading at 1,530 IQD despite the Central Bank's 1,320 IQD official peg.

On structural historical declines: This modern monetary disparity mirrors the volatile historical trajectory of the Iraqi dinar, which collapsed from its historic peak of four dollars per dinar to some of its lowest historical levels.

On modern monetary interventions: Although the government devalued the dinar to 1,460 IQD in 2021 due to crashing oil revenues and later revalued it to 1,320 IQD in 2023, the market resisted, with street prices occasionally spiking to 1,700 IQD.

Chronological Eras of the Iraqi Dinar Value

1968–1979 (The Peak): The currency maintained its absolute highest valuation, trading at a stable rate of 1 IQD to $4.00 USD.

1980–1988 (The Iran-Iraq War): Wartime economic strain caused a minor depreciation, adjusting the value to 1 IQD to $3.30 USD.

1991–2003 (The Sanctions Era): Under a crushing economic blockade and excessive domestic printing, the currency collapsed to 3,000 IQD to $1 USD.

2004–2021 (Post-War Stabilization): The introduction of a new currency stabilized the market, keeping exchange rates steady between 1,180 IQD and 1,200 IQD per dollar.

In recent weeks, the Iraqi dinar strengthened against the U.S. dollar, with the exchange rate dropping from a peak of nearly 160,000 IQD to 153,000 IQD per 100 dollars.

This decline was driven by the U.S. government lifting restrictions on several private Iraqi banks and the Central Bank of Iraq addressing rumors of currency devaluation.

Market traders told Channel8 that ongoing government financial stabilization measures, including organized customs duty collections via the ASYCUDA system, helped restore public sector confidence, keeping the dollar from climbing back to its June peaks.

Speaking to Channel8 today, Jabar Goran, spokesperson for the Slemani Currency Exchange Market, highlighted that deleting zeros from the dinar would compel holders of hidden cash reserves to disclose their origins, effectively rendering tens of trillions in illicit funds unusable.

Goran also dismissed rumors of an Iraqi dinar exchange-rate adjustment, stating that a devaluation is unnecessary because rising revenues have offset increased expenditures.

The spokesperson previously predicted that if regional geopolitical tensions ease and vital maritime trade channels like the Strait of Hormuz remain stable, the parallel market exchange rate could significantly strengthen, potentially dropping down to a range between 146,000 and 147,000 IQD per $100 USD.

FYI

The Iraqi dinar was originally introduced into circulation in 1932. Following the regime change in 2003, the Coalition Provisional Authority introduced an entirely overhauled banknote series widely known as the "Bremer Print."

This new issue systematically replaced both the pre-1991 high-quality "Swiss Print" and the poorly printed, easily counterfeited banknotes produced locally during the 1990s sanctions era.

This monetary timeline demonstrates that prolonged foreign wars, domestic mismanagement, and geopolitical shifts remain the primary drivers behind the dynamic instability of the dinar against global currencies.  link

Tishwash:  The Prime Minister's advisor: The government has translated its promises into restructuring the national economy.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, affirmed on Saturday that evaluating Prime Minister Ali al-Zaidi's government after 100 days in office should not be limited to the number of days it has spent in power, but rather to the direction it has chosen since taking office. He pointed out that the government assumed responsibility in a highly complex Iraqi context.

According to the official newspaper, Salih stated, "The government came to power in a highly complex Iraqi context: an economy heavily dependent on oil, a state burdened by a long administrative and financial legacy, entrenched corruption, security and sovereignty challenges, and increasing social pressure seeking job opportunities, services, and a decent life."

He added, "Al-Zaidi's government did not deal with these issues as separate crises, but rather tried to view them as parts of a single problem: building the state and restoring its ability to manage its resources and interests."

He indicated that "the fight against corruption was at the forefront of the files to which the government gave clear priority," explaining that "the importance lies not only in opening files or taking measures, but in moving the fight against corruption from the usual political rhetoric to a more institutional path based on oversight, recovering public funds, and holding those involved accountable."

He explained that "transforming the fight against corruption into a declared and ongoing battle is an important step in the right direction, after corruption has become, for many years, one of the biggest obstacles to state-building."

Saleh pointed out that "the al-Zaidi government did not merely manage the existing economy, but also proposed the idea of ​​reforming its structure," indicating that "talk of program-based budgeting, reforming the banking sector, developing the tax and customs systems, supporting the private sector, and creating new tools to finance development and investment reflects an attempt to move from an economy that relies on rent-seeking to one that can generate value."

He emphasized that "Iraq does not lack resources, but rather the ability to transform those resources into production, job opportunities, and sustainable wealth," noting "the importance of the government's focus on investment, energy, and infrastructure, and its efforts to open the door to broader investment partnerships."

He added that "economic diversification is not just a financial slogan, but the path to building a genuine labor market and reshaping the Iraqi middle class based on work, production, and efficiency."

Regarding the private sector, Saleh explained that "Iraq cannot build its future relying solely on government jobs," clarifying that "what is needed is an economy that creates opportunities outside the state and gives doctors, engineers, merchants, farmers, industrialists, and entrepreneurs real space to grow."

He pointed out that "the government's success in this direction will not be measured only by the volume of investments it attracts, but also by the number of productive jobs it creates and its ability to translate investment into tangible economic activity that citizens feel."

At the level of the state and sovereignty, Saleh emphasized that "the insistence on the state's monopoly on the use of force and the restoration of national decision-making sends a clear political message that building the economy cannot be separated from building the state," stressing that "there is no strong economy without a strong state, no stable investment without a clear security and sovereign environment, and no stable middle class without institutions operating within the framework of the law."

Regarding the energy sector, he noted that "the government views electricity and energy as more than just service-related matters; they are the foundation of industry, investment, and production, and any real success in this sector can have a positive impact on the entire economy."

He explained that "the government's actions in energy and investment can be interpreted as part of a broader project aimed at transforming Iraq from an economy that consumes its resources to one that can invest them."

Saleh stated that "what is most striking about al-Zidi's experience during this short period is that the government did not hide behind difficult circumstances, but rather tackled the most challenging issues, including corruption, oil revenues, public finances, energy, investment, the private sector, and sovereignty."

He emphasized that "governments are not only judged by the files they close, but also by what they dare to open," pointing out that "the first few months cannot be sufficient to judge the results of reforms that, by their nature, require years, but they can be enough to discern the government's direction and political will."

He clarified that "al-Zidi, in his economic discourse, does not simply propose increasing spending, but rather speaks of reforming the structure of the economy, and he does not address combating corruption as a media campaign, but as a national issue."

He added, "The government does not treat the private sector as a mere guest in the Iraqi economy, but rather as a fundamental partner in wealth creation. It does not view energy as simply a service, but as a foundation for development. Nor does it separate sovereignty and stability from the ability to attract investment and build the economy."

He emphasized that "the government's success in translating its initial proposals into sustainable policies and tangible results means it will not have merely achieved scattered governmental accomplishments, but will have begun to redefine the relationship between the state, the economy, and the citizen."

He pointed out that "the most significant value at the beginning of al-Zaidi's term is the renewed focus on how to transition from a rentier state to a wealth-creating state, and from an economy where the rich get richer as opportunities dwindle for others, to an economy where increased individual wealth contributes to the wealth of society."

Saleh concluded by saying, "The importance of the first hundred days does not lie in achieving everything, but rather in demonstrating that there is a government willing to address long-postponed issues." He explained that "the courage to tackle these difficult files may be the first real achievement, even before its results become apparent on the ground."  link