News, Rumors and Opinions Monday 4-6-2026
KTFA:
Clare: How are the central bank's foreign reserves distributed?
4/5/2026
Economic expert Nabil Al-Marsoumi revealed the distribution of foreign reserves of the Central Bank of Iraq at the end of 2025, where the total foreign reserves amounted to $97.432 billion.
According to the distribution, $24.221 billion of the reserve was allocated to gold held at the London Gold House, while the volume of US Treasury bonds amounted to $42 billion.
The remaining $31.211 billion of the reserve was divided among several financial entities, with $1.466 billion being held in the vaults of the Central Bank of Iraq, while the remainder was deposited in the Bank of France, the Bank of England, the US Federal Reserve, the People’s Bank of China, along with other central banks and international banks. LINK
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Clare: A delegation from Erbil traveled to Baghdad to discuss the ASYCUDA system for customs management.
4/5/2026 - Erbil
A delegation from the Kurdistan Regional Government is visiting Baghdad today, Sunday (April 5, 2026), to meet with the federal government and discuss the implementation of the ASYCUDA system at border crossings.
An informed source told Baghdad Today that "a high-level delegation from the Kurdistan Regional Government is heading today to the capital, Baghdad, to discuss the ASYCUDA system file with the relevant authorities in the federal government."
Media outlets close to the Kurdistan Democratic Party, as reported by "Baghdad Today," stated that "the talks will focus on the mechanism for implementing the system for managing and regulating border crossings and customs operations between the region and Baghdad."
ASYCUDA is an automated customs management system, designed by the United Nations Conference on Trade and Development (UNCTAD), that aims to automate customs procedures, data recording, duty calculation, and facilitate foreign trade through a unified database. In Iraq, its implementation has led to a reduction in manipulation and smuggling, and improved duty control. LINK
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Clare: Masrour Barzani condemns "militia" attacks on Erbil and calls on Baghdad to take "decisive" measures.
4/5/2026
Kurdistan Regional Government Prime Minister Masrour Barzani on Sunday strongly condemned what he called "heinous" attacks by "terrorist militias" on the US consulate and residential areas in Erbil, coinciding with escalating security tensions in the region.
Barzani said in a post on the “X” platform, which was followed by Shafaq News Agency, that “these deliberate acts of aggression constitute a serious threat to the security and stability of the Kurdistan Region, Iraq and the region as a whole,” describing the attacks as “unacceptable.”
The regional prime minister renewed his call for the federal government in Baghdad to take "immediate, decisive and tangible" measures against armed groups and outlaw militias, stressing that "it is Baghdad's duty to use all means to thwart these terrorist attacks and bring those responsible to justice." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Reset Intelligence Iraq just lost 70% of its oil revenue overnight. March: $1.9 billion. February was $6.8 billion. Seven Basra oil fields shut down when Hormuz closed. Five trillion dinars needed just for May salaries. And analysts say the money runs out mid-May. But here's what nobody is covering. Iraq actually has no legal authority to borrow... Government formation takes months. There is no borrowing mechanism. Meanwhile the parallel market is stretching. Street rate hit 1,545 dinars per dollar. Official rate is 1,310. That's an 18% gap. And the second widest since 2003. The last time the gap exceeded 12%, the CBI changed the rate within weeks. February 2023. Moved from 1,460 to 1,310 overnight. No vote. No warning. The current gap is larger than the one that triggered that adjustment...The math doesn't work at a program rate. Something gives before mid-May.
Steve I hate give dates and rates. I don't subscribe to that because I truly believe there's maybe 3 people in the entire world that know when this event is going to take place. And I do think it's a moving timeline. I don't think there's a set date...boom...on this day it's going to happen. I think it's all according to geopolitical events that are happening right now. I do think the USA has a big part in...establishing an exact timeline for when it is going to happen.
Steve We might not have to wait for the dust to settle with the war in Iran. The revaluation might happen in the midst of the chaos when everyone's looking over here, this is happening behind the scenes with Iraq. That very well could be the play here...I believe we are very close to seeing the fruition of the dinar come forth. I'm not saying it's going to happen this month but I think we are on a good track to see some major movement...We're watching it unfold right before our eyes.
Jim Willie Warns The System Is Breaking
Versan Aljarrah/Black Swan Capitalist: 4-6-2026
In today’s powerful conversation, I sit down with Dr. Jim Willie to break down what’s really happening behind the scenes of the global financial system—and why the events we’re witnessing are not random.
We discuss the accelerating shift from the current debt-based system into a new monetary framework driven by gold, blockchain technology, and digital assets like XRP.
From rising geopolitical tensions and war cycles to the suppression of gold and silver, this conversation connects the dots between macroeconomics, power structures, and the future of money.
This is not just another interview. This is a macro-level breakdown of where we are in the cycle—and where things are headed next.
The system is under pressure. The transition is already underway. Now the question is: are you positioned for what comes next?