Coronavirus Biggest Threat To Global Growth Since The 2008 Financial Crisis
Stocks Jump Ahead Of Emergency G7 Coronavirus Call
Oscar Williams-Grut Senior City Correspondent
Yahoo Finance UK 3 March 2020
European Central Bank president Christine Lagarde said on Monday night the ECB stands ready to take 'appropriate' action. (Michael Probst/AP)
European stocks climbed on Tuesday, amid hopes of coordinated international action to support the global economy.
Equities rallied ahead of an emergency call between G7 finance ministers and central bankers at 12pm GMT to discuss their response to the coronavirus outbreak.
Possible actions could include coordinated spending by governments, the buying up of debt, lending to banks to ease liquidity pressures, or even a coordinated interest rate cut, something not seen since the financial crisis.
Australia’s central bank cut interest rates overnight and US President Donald Trump called for a rate cut from the US Federal Reserve on Twitter on Tuesday morning.
European Central Bank (ECB) president Christine Lagarde, who will be on Tuesday’s call, said in a statement on Monday night the ECB is “closely monitoring developments” and stands “ready to take appropriate and targeted measures”.
Bank of England governor Mark Carney said Tuesday to expect a “powerful and timely” response that will include “a combination of fiscal measures and central bank initiatives”.
The FTSE 100 (^FTSE) was up 1.8% by lunchtime, the German DAX (^GDAXI) climbed by 1.8%, and the French CAC 40 (^FCHI) surged 1.5%.
Stocks surged in the US overnight. The S&P 500 (^GSPC) closed up 4.6%, the Dow Jones (^DJI) climbed 5%, and the Nasdaq (^IXIC) closed 4.4% higher.
Michel Hewson, chief market analyst at CMC Markets, said investors were betting on “a joined up and cohesive response to the economic disruption caused by the various coronavirus shutdowns.”
The OECD on Monday warned coronavirus is the biggest threat to global growth since the 2008 financial crisis. The group said global growth could be as low as 1.5% this year if the epidemic transforms into a pandemic.
However, Reuters reported overnight that a draft text of the G7 coronavirus statement does not detail either a monetary or fiscal response.
“If true there is likely to be some disappointment that nothing concrete has been decided yet,” Deutsche Bank strategist Jim Reid and team wrote in a note to clients on Tuesday.
“The 2008 template suggests that the biggest response is unlikely to come at the first meeting. They will probably need a fair bit more time to be truly co-ordinated.”
Neil Wilson, chief market analyst at Markets.com, said: “The stage is set for a let-down and we have yet to see any real momentum from the US session carry forward into Asia.”
Overnight in Asia, Japan’s Nikkei (^N225) closed down 1.2%, the Hong Kong Hang Seng closed down flat (^HSI), while the Shanghai Composite (000001.SS) ended up 0.7%.
The Bank of England declined to comment on Monday night when asked about a G7 call. The Treasury didn’t respond to a request for comment.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Wed. 21 Oct. 2026
Compiled Wed. 21 Oct. 2026 12:01 am EST by Judy Byington
THE SYSTEM IS ALREADY IN MOTION. THERE IS NO TURNING BACK. …Nesara Gesara Connected on Telegram Tues. 20 Oct. 2026
WHILE THE WORLD HOLDS ITS BREATH, THE NEW QUANTUM FINANCIAL SYSTEM IS INFILTRATING THE OLD INFRASTRUCTURE. EVERYTHING YOU WERE TOLD WAS IMPOSSIBLE IS HAPPENING RIGHT NOW BEHIND CLOSED DOORS.
Mps Warn Of Delaying The 2027 Budget And Call For Sending It Before The End Of The Legislative Term
Money and business Economy News _ Baghdad The deputies of the government called for speeding up the sending of the draft federal budget law for 2027 to the House of Representatives before the end of the second legislative term on the first of next November, warning of the repercussions of the delay in its approval on the implementation of service and development projects and financial obligations.
Good Morning Dinar Recaps,
GLOBAL MARKET RESET WATCH: AI UNCERTAINTY AND OIL SURGE SHAKE INVESTOR CONFIDENCE
Investor concerns over artificial intelligence spending, rising oil prices, and mounting government debt are testing confidence across global financial markets.
U.S. Treasury Tells Iraq To Close Iran Border! Dinar Impact?
The Dinar Den: 10-21-2026
Recently, Stephen, the knowledgeable host of The Dinar Den who has been actively investing in the Iraqi Dinar since 2011, shared a crucial update regarding sweeping changes in Iraq’s financial oversight and international trade routes.
In his latest broadcast, Stephen breaks down a major development involving the Iraqi government, the United States Treasury Department, and neighboring Iran, offering valuable perspective for long-term investors tracking the currency’s potential economic stability.
CBI Foreign Reserves Rise To $81.5B In August
2026-10-21 06:18 Shafaq News- Baghdad Iraq's foreign reserves rose to $81.538 billion at the end of August 2026, up from $80.633 billion a month earlier, according to Central Bank of Iraq (CBI) data released on Wednesday. The gain of about $905 million followed four straight monthly declines from April through July, according to the data reviewed by Shafaq News. Reserves are still $15.894 billion below the $97.432 billion recorded at the end of 2025, a drop of about 16.3% over the first eight months of the year.
Ariel: Iraqi Dinar Update, Acceleration and Recalibration
10-21-2026
Iraqi Dinar Update: Acceleration & Recalibration (Where We Are)
ACCELERATION SEQUENCE POST-IMF, POST-CABINET, POST-TREASURY LIFT — INVESTOR PROJECTION WINDOW
Iraq isn’t moving fast because they’re panicking. They’re moving fast because the infrastructure is finally in place.
Echo X: Is America Entering a Monetary Reset?
10-21-2026
THE GREAT JUBILEE: IS AMERICA ENTERING A MONETARY RESET? | PART 4
NESARA. GESARA. The Federal Reserve. Gold revaluation. A proposed asset-backed Treasury dollar.
For years, people have talked about a Great Monetary Reset. Now we’re seeing real changes in blockchain infrastructure, digital finance, and international monetary policy alongside some very interesting illustrations from the U.S. Debt Clock.
What if the next monetary transformation looks different from what everybody expected?
Good Afternoon Dinar Recaps,
GLOBAL TRADE RESET WATCH: APEC WARNS GROWING IMBALANCES THREATEN ECONOMIC STABILITY
Asia-Pacific finance leaders call for stronger economic coordination as trade imbalances, rising debt and digital investment reshape the global financial landscape.
Emailed to Recaps~ Thank you David
Reset Intelligence: The Dollar Gap Runs Through Iran.
By Reset Intelligence | @EXIT_FIAT
Iraq's Central Bank says trade with Iran is one reason Baghdad's street dollar stays above the bank's rate.
On Tuesday night, an official source said, Baghdad ordered its first crossing with Iran shut, with the rest to follow.
TNT:
Tishwash: The Central Bank extends bank working hours and directs them to open during official holidays.
The Central Bank of Iraq directed banks with outstanding remittances to work on Fridays to avoid delays caused by official holidays, while it completed covering all remittances before the exchange rate change, with a total amount of $3 billion.
Good Morning Dinar Recaps,
GLOBAL CURRENCY RESET WATCH: ECB SEEKS TO EXPAND THE EURO’S GLOBAL ROLE
The European Central Bank is widening access to euro liquidity, strengthening Europe’s financial reach as central banks reassess the international monetary landscape.
Physical Gold vs. Digital Gold: Which Is the Ultimate Safe Haven?
Published: 05-20-2026
Gold is trading at approximately $4,500 per troy ounce as of May 20, 2026 [World Gold Council]. However, the debate about physical gold vs digital gold matters more than most investors realise — because not all of these products are the same thing. Both show up on a brokerage statement with a dollar value attached. But what you actually own — what you hold, what you control, what survives a real crisis — is a very different story. This isn’t a debate about returns. It’s a debate about what “safe haven” actually means.
Iraq Orders Banks to Work OVERTIME! Why Now?
The Dinar Den: 10-20-2026
Stephen: Hey everyone, welcome back to the channel. We have some exciting and breaking news that came out of the central bank of Iraq today. So, I'm going to cover and go over those few articles that I think as dinar investors are um just exciting and I think they are very telling as to what the future might possibly hold.
And I'm gonna tie it all together and share how I think these things could possibly be related to a higher dinar exchange rate.
The Iraqi Dinar Is The Second Worst-Performing Arab Currency; Dollar Pressures Pose A Difficult Test For Monetary Policy.
October 20, 2026 The Independent - The classification of the Iraqi dinar among the Arab currencies that have declined the most against the US dollar has raised widespread questions about the future of monetary stability in Iraq, and the ability of the Central Bank to contain the increasing pressures on the exchange market, at a time when the economy is facing challenges related to oil revenues, government spending and the heavy reliance on imports.
The Iran War Will End. Expensive Diesel Won’t
Notes From the Field By James Hickman (Simon Black / sovereign Man) October 20, 2026
There’s a college degree that pays about $100,000 right out of school, which is pretty good money for a 22-year old. Within a few years, that pay could easily double.
Yet hardly any young person wants the job.
It’s not dangerous, it’s not dirty, and it doesn’t require superhuman work hours. The only reason young people aren’t interested is because Greta Thunberg told them it wasn’t cool.
GP Q: US Dollar Upgrade or Collapse?
10-20-2026
“Is the dollar dying… or is it about to get a major upgrade?”
MONEY MONEY MONEY
Most people are only watching the old fiat dollar.
They’re completely missing the new system the U.S. is building right now under the GENIUS Act. Here’s the simple version:
Rob Cunningham: If the World Could Choose Only One Blockchain
10-20-2026
On a go forward basis, “all things considered”, based on the comprehensive utility and liquidity needs of the entire world, “if” only one blockchain was allowed to exist, which should it be?
My choice: the XRP Ledger.
Under this hypothetical – one blockchain serving the world’s combined needs for payments, currencies, tokenized assets, exchange and settlement – XRPL offers the strongest fit in my judgment.
The Central Bank Of Iraq Resolves The Issue Of Merchants' Remittances And Confirms The Continuation Of Import Financing In Dollars.
October 20, 2026Last updated: October 20, 2026 The Central Bank of Iraq confirmed on Tuesday, October 20, 2026, the continuation of financing imports and providing foreign currency through official banking channels, announcing the completion of fulfilling external transfer requests that were suspended before the adjustment of the dinar exchange rate on October 7, in a step aimed at addressing outstanding issues, protecting the rights of traders and ensuring the smooth flow of foreign trade.
Good Afternoon Dinar Recaps,
GLOBAL ASSET RESET WATCH: DEBT, AI UNCERTAINTY AND ENERGY RISKS RESHAPE SAFE-HAVEN DEMAND
Investors are reassessing where to protect their wealth as geopolitical conflict, rising energy prices, government debt and uncertainty surrounding artificial intelligence reshape global markets.
Reset Intelligence: Iraq's Oil Exports Are Back.
By Reset Intelligence | @EXIT_FIAT
Iraq's oil exports are back above 3.4 million barrels a day, close to where they stood before the war.
The same weekend the IMF and Washington both moved toward Baghdad, and the street dollar went the other way.
TNT:
Tishwash: 45 trillion outside the banks... Parliamentary Finance Committee reveals the extent of the crisis of confidence in banks
The head of the parliamentary finance committee, Uday Awad, revealed the existence of a cash mass ranging between 40 and 45 trillion dinars outside the Iraqi banking system, attributing this to the weak confidence of citizens in banks, while stressing the work to find solutions to return these funds to the banking cycle .
Awad said during a televised interview followed by Al-Sa’a Network that “there is a cash mass estimated at about 40 to 45 trillion dinars outside the banking system,” noting that “the lack of confidence in banks has led citizens to keep their money away from them.”
Stern Drew: The BIS Conducted the Most Important Blockchain Experiment of the Year
10-20-2026
The BIS Conducted The Most Important Blockchain Experiment of The Year On a Public Ledger.
The bank for central banks quietly put official data on a public ledger.
Ripple, the crypto firm behind the XRP Ledger blockchain, just became the quiet infrastructure pick for the Bank for International Settlements.
Emailed to Recaps~ Thank you David
Reset Intelligence: Iraq Puts Its Banks on Overtime.
By Reset Intelligence | @EXIT_FIAT
Iraq's Central Bank has put the country's banks on holiday hours to clear transfers abroad, and four banks now open on Fridays.
Its adviser says about $3 billion of transfers booked before the October 7 rate change was paid at the old rate.