News, Rumors and Opinions Saturday 9-5-2026
Reset Intelligence: Iraq’s 2027 Budget Enters Production
9-4-2026
Iraq’s 2027 Budget Enters Production
By Reset Intelligence | @EXIT_FIAT
Tomorrow morning, in a committee room at the Federal Ministry of Finance, Iraq starts writing its 2027 federal budget – the law that carries the dinar’s exchange rate.
The Kurdistan Region flew a senior financial delegation to Baghdad to sit at the drafting table the day before the first line gets written.
The schedule is on the record
Drafting begins Saturday. The finished draft reaches the Council of Ministers on September 15. The cabinet votes the budget this month with the deficit capped at 3 percent, and then parliament receives it. It is the first complete budget the state has produced since 2023, near 200 trillion dinars, one of the largest in Iraq’s history. In Iraq the exchange rate is written into the budget law, and the 1,300 every holder knows has sat in the same law since June 2023 because no government finished a replacement. The replacement is now in production.
The central bank cleaned house the same week
• Al-Taif Islamic Bank – placed under an 18-month guardianship on the CBI’s own wire, a named custodian holding the keys
• Shams Maysan brokerage – license struck off the register
• The political class – every bank in Iraq ordered to file politicians and their relatives, to the third degree, into a database
• The 9 cabinet chairs – parliament’s vote on the unfilled posts, interior and defense among them, set for next week
• 1,320 – the number the community is circulating for the draft. The February 2023 record says the draft is not where Iraq’s rate decisions get made
That is the short version. What the drafting table means for the rate question, why Erbil took its seat a day early, what the bank seizure is preparing the system for, and where the February 2023 precedent says to actually look – that is the daily connection work, and it is in today’s full briefing.
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https://dinarchronicles.com/2026/09/04/reset-intelligence-iraqs-2027-budget-enters-production/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Question: "Once they release the smaller notes in the country will the older notes with the three zeros be so obsolete that they will not be taking them back anymore?" Frank26: The moment they raise the value, the moment they show them lower notes, those three zero notes, 'Get this out of my face. Give me that [smaller denomination notes]. These three zero notes have the power of one penny. Those LD, 5, 10, 20 have the power of one dollar.' And I think it's going to be more than a dollar in country.
David This is a very real investment. It's not a scam. It's not a hoax. It's not a bunch of smoke and mirrors, because you're holding a currency that is the national currency of a sovereign nation. Period. It's not Monopoly money. It is the real thing...
Reset Intelligence The exchange rate in Baghdad is not only a market number. It is written into law through the budget. The 1,300 every holder knows by heart has sat there since June 2023, because no government finished a successor document. Its replacement now has a start date, a submission date, and a committee working weekends...Tomorrow morning, in a committee room at the Federal Ministry of Finance, Iraq starts writing its 2027 federal budget.
Gold Is Money Again — Even the Financial Establishment Now Admits It.
Maneco64: 9-4-2026
In this video, I look at a remarkable shift in the mainstream financial narrative on gold.
More than 20 years after the Financial Times argued that holding bullion was increasingly pointless, a UBS chief strategist now argues that gold is money again and that its bull market has further to run.
We examine why the freezing of Russia’s foreign reserves in 2022 fundamentally changed the way central banks view reserve assets, the accelerating move toward gold, growing concerns about U.S. fiscal dominance, and the Dutch central bank’s decision to bring more of its gold closer to home.
We also look at why gold is increasingly challenging government bonds as the ultimate safe-haven asset.