News, Rumors and Opinions Tuesday 8-4-2026
KTFA:
Clare: Channel8 Exclusive: Iraq Faces Liquidity Crunch as Oil Revenues Fall
At a Glance
Iraq faces a cash liquidity shortage.
July salary funding remains under pressure.
Oil revenues have dropped sharply.
Borrowing and currency printing under discussion.
Information obtained by Channel8 indicates that Iraq is facing a severe liquidity crisis following a sharp decline in oil revenues, prompting discussions about domestic borrowing and the possible printing of new currency to finance public-sector salaries and government spending.
Key Statements and Focus Area
Channel8 has learned that Iraq is facing an immediate cash shortage to finance salaries.
More than $7 billion has been withdrawn from foreign currency reserves this year.
Oil revenues have reportedly fallen by 80% due to disruptions to exports through the Strait of Hormuz.
Officials are weighing borrowing and currency issuance as possible short-term solutions.
Liquidity Shortage Puts Pressure on Public Finances
Information obtained by Channel8 shows that Iraq is experiencing a shortage of Iraqi dinar liquidity, making it increasingly difficult for the government to finance public sector salaries and operational expenditures.
The financial strain follows a sharp decline in oil revenues linked to disruptions affecting exports through the Strait of Hormuz.
Dilan Ghafour, a member of the Parliamentary Finance Committee, said Iraq is considering two main options to manage the current financial shortfall until export conditions improve.
The options include domestic borrowing and printing additional Iraqi dinars.
She noted that any decision to issue new currency would require careful assessment against Iraq's foreign exchange reserves to avoid increasing inflation.
According to Ghafour, the government has relied on loans from Rafidain Bank and Rasheed Bank in recent months to help finance salary payments.
However, She said the lending capacity of the two state-owned banks is limited and cannot indefinitely cover the government's financing needs.
She added that Iraq could also use its foreign currency and gold reserves as collateral to secure domestic or international loans if necessary.
Reserves Decline as Spending Continues
According to the latest monetary data, Iraq's foreign currency reserves have fallen from $101 billion at the beginning of the year to $93.67 billion after more than $7 billion was withdrawn over the past five months to finance government expenditures.
Iraq requires approximately 8 trillion Iraqi dinars each month to pay public sector salaries.
According to the information obtained by Channel8, only 4.5 trillion dinars have been made available for July salary payments because of the sharp decline in oil revenues.
FYI
Iraq's economy remains heavily dependent on oil exports, which provide the majority of government revenue. The country previously relied on its foreign currency reserves during the war against ISIS and the COVID-19 pandemic before rebuilding them through higher oil prices. Economists view Iraq's foreign exchange holdings and 174.6 tons of gold reserves as key financial buffers that can help absorb economic shocks and support borrowing during periods of fiscal pressure. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The monetary reform education of the process of lifting the three zeros is beginning to be explained in great detail almost every day now to all the Iraqi citizens. That is the phase you are in...
Reset IntelligenceIraq's smallest banknotes have vanished from the market stalls. Baghdad sent its top financial advisor on TV to explain why. He is the same official who wrote the plan to replace them with coins, 15 years ago. Newsflash...Coins only exist where the smallest unit of a currency is worth something. The IQD at today's rate does not justify a single coin press. So what is Baghdad preparing?
Jeff Question: "How does [dropping the zeros] give [Iraqi citizens] purchasing power?" Jeff: A 25 note, the smaller notes, could buy the same amount as the larger notes. In other words, you can do more with less.
Ariel Iraq Is Telling You What They Are About To Do: Currency Overhaul; Monetary Reformation; Gold Revaluation; Financial Stability. Do You See The Timing? Do You See The Agenda? Do You See The Progress? Redenomination + Revaluation= ?Payday! The 3 Zero Project Are In-Country Only.
Chinese Gold Reserve Currency Reset Ahead | Mario Innecco
Liberty and Finance: 8-2-2026
Is the U.S. already in a sovereign debt crisis? In this interview, Mario Innecco argues that surging Treasury yields, de-dollarization, and growing government debt are warning signs of a much larger financial crisis ahead.
He explains why he believes investors are losing confidence in the Federal Reserve, why capital could rotate out of AI stocks and into gold and silver, and how China's push toward a more physical gold market could reshape the global monetary system.
Mario also discusses the risks posed by rising oil prices, potential diesel shortages, and the geopolitical conflicts that he believes could fuel another wave of inflation.
Watch to hear his outlook on the bond market, precious metals, and the biggest economic risks he believes investors should be watching.
INTERVIEW TIMELINE:
0:00 Intro
1:07 US sovereign debt crisis
8:40 Inflation perception
12:30 Gold & silver
18:00 AI & precious metals
21:03 Shanghai gold exchange
26:02 Oil shortages
30:45 Last thoughts