Friday Iraq News Posted by Tishwash at TNT 8-14-2026

TNT:

Tishwash:  Iraq opens the file on public funds: striking at privileges and removing zeros

Amid the financial and economic pressures facing the Iraqi state, the files of public funds, privileges, double salaries, and reforming the monetary system are returning to the forefront of discussion within the House of Representatives, with a set of proposals aimed at rearranging government spending, tightening control over the wealth of officials, and strengthening the position of the Iraqi dinar.

The proposals put forward do not stop at amending one law, but open a wider discussion about the form of the state’s financial management, the size of spending on officials, and the extent to which regulatory institutions are able to uncover illicit funds, leading up to a controversial proposal related to removing zeros from the Iraqi currency.

At the forefront of the files is the proposal to amend the Integrity and Illicit Gains Authority Law, with the aim of tightening the procedures for disclosing financial assets and holding accountable those taxpayers who show a large and unjustified increase in their funds.

This issue is of particular importance in a country that has been suffering for years from the challenges of corruption and abuse of power, since combating illicit enrichment does not depend solely on penalties after the violation has occurred, but requires an effective system to monitor the growth of wealth and link financial declarations to banking, real estate and commercial information.

The proposals also aim to tighten procedures against those who refuse to submit financial disclosure statements, with violators being referred to the judiciary if illicit gains are proven.

The most politically and popularly sensitive issue is related to double salaries and financial privileges, where it was proposed to prevent one person from receiving more than one salary under any title, in addition to reorganizing a set of benefits that officials and employees in state institutions receive.

The idea here is based on a simple principle: Citizens cannot be asked to rationalize their spending while the doors of government privileges remain open without clear limits.

In the same context, one of the proposals includes setting a fixed monthly salary for a member of the House of Representatives worth five million dinars, while regulating allowances and privileges, reducing the number of employees, security personnel, escorts and advisors, in addition to controlling the use of government cars and aircraft and subjecting spending to the control of the competent authorities.

These measures, if they are turned into effective legislation and actually implemented, could provide significant sums for the treasury, but at the same time they will face a difficult political test, because reforming privileges often clashes with the interests of those who benefit from them.

In a parallel track, another proposal emerged concerning the reform of the financial and monetary system, which includes combating money laundering, restricting the movement of funds within official banking channels, recovering smuggled funds, and bringing informal capital into the economic cycle.

But the most controversial proposal is to remove zeros from the Iraqi dinar, or what is known as renaming the currency, as part of a broader strategy to reform the monetary system.

Here, a distinction must be made between removing zeros and increasing the real value of the currency. Removing three zeros, for example, does not automatically mean that citizens have become wealthier or that the purchasing power of the dinar has increased; the success of this step depends on economic stability, controlling inflation, managing the money supply, the strength of the banking system, and citizens' confidence in the currency.

Therefore, any project to rename the dinar needs careful study and a clear transition mechanism that ensures there is no confusion in prices, contracts, salaries, savings, and commercial transactions.

The Iraqi problem is not just in the form of the currency, but in an entire economic system that needs simultaneous reforms that include banks, non-oil revenues, government spending, tax evasion, money laundering, the exchange market, and the monetary economy.

Hence, removing zeros, if done alone, may be a mere arithmetic change, whereas if it comes as part of an integrated economic program, it may become part of a broader monetary reform process.

Ultimately, Iraq has an opportunity to reopen the public finance file from a different angle: reducing privileges, combating illicit gains, controlling double salaries, recovering smuggled funds, and reforming the monetary system.

But the success of these ideas will not be measured by the number of proposals that reach parliament, but rather by the state's ability to turn them into fair laws that apply to everyone without exception.

True financial reform does not begin with simply removing three zeros, nor with reducing an official's salary, but rather with building a state that knows where its money goes, who receives it, and how to protect it from waste and corruption.

The real battle is not with the zeros on the currency, but with the zeros in the accounts of oversight and accountability.  link

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

Tishwash:  Intensive efforts to join the World Trade Organization

 Iraq has made significant progress in its bid to join the World Trade Organization, after completing a number of key files related to goods and services and responding to questions from member states, in preparation for holding the fourth meeting of the working group on Iraq’s accession to the organization.

The official spokesman for the Ministry of Trade, Mohammed Hanoun, said that a delegation from the ministry visited the headquarters of the World Trade Organization last July, and held a series of official meetings with officials of the organization, the secretariat, and the head of the working group on Iraq, in addition to representatives of a number of member states.

Hannon added that the visit saw the resolution of key files related to goods and services, as well as the completion of answers to the 175 questions from member states, in addition to other files related to the memorandum on the foreign trade system, agriculture, technical barriers to trade, health and phytosanitary procedures, and other technical files related to the requirements for accession.

He explained that the member states welcomed the achievement made by Iraq in submitting these files, noting that, in light of the meetings that continued for a full week at the organization’s headquarters, the files were adopted, officially circulated, and published on the World Trade Organization’s website, to allow member states to review them, make their comments, and negotiate them.

Hannon explained that work is currently underway to arrange an official visit by the Minister of Trade, who is also the head of the National Committee concerned with Iraq’s accession to the World Trade Organization, to the organization’s headquarters, with the aim of holding official meetings and discussions in preparation for holding the fourth meeting of the working group on Iraq’s accession in the coming period.

He pointed out that the upcoming meeting represents an important milestone in the course of negotiations, as it is hoped that it will contribute to resolving the remaining issues and negotiations and completing the required procedures leading to Iraq’s accession as a full member of the World Trade Organization.

In the same context, Hanoun pointed out that Baghdad is simultaneously witnessing the holding of a technical workshop with the participation of international experts, with the aim of fully preparing for the fourth meeting of the working group, as well as preparing the Iraqi negotiating team from a technical standpoint and enabling it to complete negotiations with the member states.

This development comes at a time when the Ministry of Trade and relevant government agencies are continuing to work on completing the technical and legislative requirements related to the accession process, which will enhance Iraq's integration into the global trading system and open the way for expanding its trade relations. With the member states.  link

Tishwash:  Iraqi Securities Commission: Investment awareness programs continue to promote financial literacy

Promoting investment culture is a key aspect of developing the capital market.

The head of the Iraqi Securities Commission, Faisal Al-Haimas, confirmed on Thursday (August 13, 2026) the continuation of implementing awareness programs and activities to spread investment culture and enhance financial awareness.

Al-Haims said in a statement, which Zagros reviewed: “The implementation of investment awareness programs and activities continues to spread investment culture and enhance financial awareness among investors and the public, which contributes to introducing the foundations of sound investment and the mechanisms of dealing in the stock market.”

He added that "promoting investment culture is one of the important pillars in developing the capital market, due to its role in raising awareness of risks and investment opportunities, encouraging investment practices, and reducing dealings with unlicensed entities or activities."

He added that "awareness work is witnessing a continuous diversification in its tools and content, in order to reach the largest possible segment of the public, and to take advantage of modern means of communication in delivering investment messages in a simple and clear manner."

He pointed out that "continuing these programs comes within the directions of developing the capital market, enhancing investor confidence, and supporting the building of a more conscious, transparent and sustainable investment environment."  link

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

Tishwash:  Kurdistan Region to Halt Cash Salaries by August 31 Deadline 

At a Glance

Cash-based payroll distribution in the Kurdistan Region concludes this month.

The MyAccount project urges 25,000 unregistered employees to expedite their enrollment.

The federal government and the KRG have agreed to terminate cash-based payrolls.

Cash salary distribution for public sector employees will be completely halted in the Kurdistan Region after August 31; approximately 150,000 public sector bank cards have not yet been collected by beneficiaries.

Key Statements and Focus Area

In an official statement, the MyAccount project warned public sector employees that cash salary distribution will no longer be available after August 31 of this year.

Any employee without a bank card will face difficulties receiving their financial dues.

In terms of logistical preparations and distribution status, the MyAccount project management stated that 80,000 finalized bank cards are currently stationed at state-run banks, calling on account holders to collect their respective cards before the end-of-month deadline.

Distribution updates and mandatory pickup schedules specifying the designated holding branch will be communicated exclusively to public sector employees through direct SMS notifications.

For beneficiaries who have not yet received this correspondence, project officials confirmed that automated text alerts will be dispatched incrementally over the next three weeks.

Furthermore, the specialized hotline 1991 has been fully activated as a dedicated customer support center tasked with handling inbound inquiries and resolving individual card issuance issues.

FYI

MyAccount, a digital payroll initiative, was launched by the Kurdistan Regional Government in September 2023 to transition public sector workers from cash payments to electronic bank deposits.

According to the agreement between Erbil and Baghdad, the salary distribution system is shifting, and cash will no longer be disbursed for payroll.

This marks the final deadline for approximately 25,000 employees who have not yet registered in the project.

The project emphasizes that collecting bank cards before August 31 is the only way to protect employees' salaries from being suspended by the federal government.  link

Iraq Economic News and Points To Ponder Thursday Evening 8-13-26

Iraq Opens The File On Public Funds: Striking At Privileges And Removing Zeros

August 13, 2026 Last updated: August 13, 2026   Al-Mustaqilla - Amid the financial and economic pressures facing the Iraqi state, the files of public funds, privileges, double salaries, and reforming the monetary system are returning to the forefront of discussion within the House of Representatives, with a set of proposals aimed at rearranging government spending, tightening control over the wealth of officials, and strengthening the position of the Iraqi dinar.

The proposals put forward do not stop at amending one law, but open a wider discussion about the form of the state’s financial management, the size of spending on officials, and the extent to which regulatory institutions are able to uncover illicit funds, leading up to a controversial proposal related to removing zeros from the Iraqi currency.

At the forefront of the files is the proposal to amend the Integrity and Illicit Gains Authority Law, with the aim of tightening the procedures for disclosing financial assets and holding accountable those taxpayers who show a large and unjustified increase in their funds.

This issue is of particular importance in a country that has been suffering for years from the challenges of corruption and abuse of power, since combating illicit enrichment does not depend solely on penalties after the violation has occurred, but requires an effective system to monitor the growth of wealth and link financial declarations to banking, real estate and commercial information.

The proposals also aim to tighten procedures against those who refuse to submit financial disclosure statements, with violators being referred to the judiciary if illicit gains are proven.

The most politically and popularly sensitive issue is related to double salaries and financial privileges, where it was proposed to prevent one person from receiving more than one salary under any title, in addition to reorganizing a set of benefits that officials and employees in state institutions receive.

The idea here is based on a simple principle: Citizens cannot be asked to rationalize their spending while the doors of government privileges remain open without clear limits.

In the same context, one of the proposals includes setting a fixed monthly salary for a member of the House of Representatives worth five million dinars, while regulating allowances and privileges, reducing the number of employees, security personnel, escorts and advisors, in addition to controlling the use of government cars and aircraft and subjecting spending to the control of the competent authorities.

These measures, if they are turned into effective legislation and actually implemented, could provide significant sums for the treasury, but at the same time they will face a difficult political test, because reforming privileges often clashes with the interests of those who benefit from them.

In a parallel track, another proposal emerged concerning the reform of the financial and monetary system, which includes combating money laundering, restricting the movement of funds within official banking channels, recovering smuggled funds, and bringing informal capital into the economic cycle.

But the most controversial proposal is to remove zeros from the Iraqi dinar, or what is known as renaming the currency, as part of a broader strategy to reform the monetary system.

Here, a distinction must be made between removing zeros and increasing the real value of the currency.

Removing three zeros, for example, does not automatically mean that citizens have become wealthier or that the purchasing power of the dinar has increased; the success of this step depends on economic stability, controlling inflation, managing the money supply, the strength of the banking system, and citizens' confidence in the currency.

Therefore, any project to rename the dinar needs careful study and a clear transition mechanism that ensures there is no confusion in prices, contracts, salaries, savings, and commercial transactions.

The Iraqi problem is not just in the form of the currency, but in an entire economic system that needs simultaneous reforms that include banks, non-oil revenues, government spending, tax evasion, money laundering, the exchange market, and the monetary economy.

Hence, removing zeros, if done alone, may be a mere arithmetic change, whereas if it comes as part of an integrated economic program, it may become part of a broader monetary reform process.

Ultimately, Iraq has an opportunity to reopen the public finance file from a different angle: reducing privileges, combating illicit gains, controlling double salaries, recovering smuggled funds, and reforming the monetary system.

But the success of these ideas will not be measured by the number of proposals that reach parliament, but rather by the state's ability to turn them into fair laws that apply to everyone without exception.

True financial reform does not begin with simply removing three zeros, nor with reducing an official's salary, but rather with building a state that knows where its money goes, who receives it, and how to protect it from waste and corruption.

The real battle is not with the zeros on the currency, but with the zeros in the accounts of oversight and accountability.

https://mustaqila.com/العراق-يفتح-ملف-المال-العام-ضرب-الامتي/

Ministry Of Trade: Significant Milestones Achieved In The Process Of Joining The World Trade Organization

Money and Business       Economy News — Baghdad   The Iraqi Ministry of Trade issued a statement announcing that Iraq has made significant progress in its bid to join the World Trade Organization (WTO). This follows a visit by a ministry delegation to the WTO headquarters in Geneva last July, during which they held a series of official meetings with WTO officials, the secretariat, the head of the working group on Iraq, and representatives from several member states.

The statement quoted the ministry's spokesperson, Mohammed Hanoun, as saying that the delegation, during its week-long visit, finalized several key issues related to goods and services, completed responses to 175 questions from member states, and finalized other matters concerning the memorandum on foreign trade, agriculture, technical barriers to trade, sanitary and phytosanitary measures, and other negotiating files.

He added that member states "welcomed the progress achieved, as the files submitted by Iraq were adopted, circulated, and officially published" on the World Trade Organization's website, allowing member states to review them, provide feedback, and open avenues for negotiation.

The spokesperson for the Iraqi Ministry of Trade, Mohammed Hanoun, indicated that the ministry is currently working to "arrange an official visit for the Minister of Trade, who also heads the National Committee for Iraq's Accession to the WTO, to hold official meetings and discussions with WTO officials and member states."

He further explained that this is a prelude to "holding the fourth meeting of the Working Group on Iraq's Accession in the coming period, which will contribute to finalizing negotiations and completing the accession requirements."

He noted that work is also underway "concurrently with a technical workshop in Baghdad, with the participation of international experts, to fully prepare for the fourth meeting of the Working Group, as well as to enhance the technical readiness of the Iraqi negotiating team to conduct negotiations and finalize the remaining files with member states."

The spokesperson for the Iraqi Ministry of Trade, Mohammed Hanoun, affirmed that these steps "represent significant progress in Iraq's journey towards fulfilling the requirements for joining the WTO and reflect the government's and the Ministry of Trade's commitment to completing this process in accordance with international standards and requirements."

Added 2026/08/13 - https://www.economy-news.net/content.php?id=72552

Al-Zaydi's Financial Advisor Reveals The Features Of The 2027 Budget: A Tool For Regulating Iraq's Economy.

Energy and Business breaking   2026-08-Shafaq News - Baghdad        The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, revealed on Thursday the outlines of the 2027 budget, stressing that it will be a tool for reorganizing the country’s financial and economic structure, and not just a management of revenues and expenditures. 

Saleh told Shafaq News Agency that "the 2027 budget is expected to have more advanced features at the level of public finance management, through expanding the application of programs based on the program and performance budgeting approach, which represents a qualitative shift in the governance of public resources and raising the efficiency of government spending."  

He added that “next year’s budget will shift from focusing on the size of spending and its allocations to measuring the results and specific goals achieved by the spending, so that financial resources are linked to programs, projects, performance indicators and targeted development results.

 This shift is of particular importance in light of the challenges facing Iraqi public finances, foremost among them the need to maximize non-oil revenues, rationalize expenditures, raise the efficiency of public finance management, reduce waste and ensure that spending is directed towards activities and programs of economic and social priority.”  

He continued: “From this perspective, the 2027 budget should not be viewed as merely an annual budget for managing revenues and expenditures, but rather as one of the tools for reorganizing the financial and economic structure of Iraq, by linking fiscal policy to the goals of development and economic reform in the medium and long term.”  

He revealed that “this comes within the framework of the trend towards building a more sustainable financial system, in which the general budget is a tool for planning and development and not just a means to cover current expenditures, which enhances the state’s ability to manage its resources efficiently, and provides a better basis for implementing development plans and programs within the national vision extending towards 2035, leading to Iraq’s goals of sustainable development, progress and prosperity by 2050.”   

He pointed out that "the real challenge facing the 2027 budget will not only be in its approval, but in its ability to translate financial reform into actionable figures and programs, and to achieve a balance between the requirements of public spending, the sustainability of resources, and the protection of the country's economic and financial stability.”

https://www.shafaq.com/ar/اقتصـاد/مستشار-الزيدي-المالي-يكشف-ملامح-موازنة-2027-داة-لتنظيم-اقتصاد-العراق

The Iraqi Central Bank's Reserves Have Declined To 102 Trillion Dinars, And Its Liabilities To The Government Have Doubled

Shafaq News - Baghdad The head of the “Iraq Future” Foundation for Economic Studies and Consultations, economic expert Manar Al-Obaidi, revealed today, Thursday, significant shifts and declines in the financial indicators of the Central Bank of Iraq, pointing to an increase in the bank’s net claim on the government compared to a decrease in the size of official reserves.

Al-Obaidi explained in an economic analysis based on the latest operational and banking data that the net claims of the Central Bank on the Iraqi government recorded a significant increase to reach 66.6 trillion Iraqi dinars, compared to 35 trillion dinars that it had recorded at the beginning of 2025.

He added that the net official reserves at the Central Bank have decreased to 102 trillion Iraqi dinars, after having been 130 trillion dinars at the beginning of 2026.

The head of the institution pointed out that in July alone, the Central Bank lost about 10.3 trillion dinars of its foreign and banking reserves.  

https://www.shafaq.com/ar/اقتصـاد/تراجع-احتياطيات-المركزي-العراقي-لى-102-ترليون-دينار-ومطلوباته-على-الحكومة-تتضاعف

Even America's Enemies Trusted It With Their Money. That's Over

Even America's Enemies Trusted It With Their Money. That's Over

Notes From the Field By James Hickman (Simon Black / Sovereign Man) August 12, 2026

At 4:15 in the morning on November 4, 1956, Soviet artillery opened fire on the city of  Budapest. And the subsequent firestorm was nothing short of devastating.

Two weeks earlier, students and factory workers had risen up against the Soviet-installed puppet government in Hungary. They pulled down Stalin's statue, rampaged across the city, and even managed to push Soviet forces out of Budapest.

Moscow initially signaled that it was ready to negotiate and consider a full withdrawal. The bells of freedom started ringing. But it turned out to be a ruse— and Soviet leader Nikita Khrushchev swiftly sent in the tanks.

The Soviets brutally crushed the uprising in days, killing around 2,500 Hungarians and displacing 200,000 who fled the country.

In the reprisals that followed, tens of thousands more were arrested, and hundreds were hanged— including Hungary's prime minister, who was tricked into surrendering with a promise of safe passage.

President Dwight Eisenhower condemned the invasion and opened America’s doors to roughly 30,000 Hungarian refugees. He then made his case to the United Nations, where the UN General Assembly demanded a full Soviet withdrawal from Hungary. Kruschev ignored them.

Eisenhower was clearly opposed to Soviet aggression. But America did exercise restraint— the President did not touch Soviet money that was held in the US.

It’s crazy to think that, even during the height of the Cold War, the Soviets held a stockpile of US dollars within the US financial system. They had no choice. Global commerce (including oil sales) took place in dollars, so even America’s mortal enemy needed to hold US currency.

Eisenhower could have easily confiscated Soviet assets. Yet not one Soviet account was frozen. Not one asset blocked… even as Soviet tanks shelled a defenseless European capital.

Similarly, twenty-three years later when the Soviets invaded Afghanistan, President Jimmy Carter reacted harshly. He cut off certain trade with the USSR, including grain and technology. And most famously he led a 65-country boycott of the 1980 Moscow Olympics.

But even Jimmy Carter did not freeze Soviet assets.

Decades later, in August 2008, Russia invaded the Republic of Georgia. President George W. Bush condemned the invasion, sent humanitarian aid to Georgia, and ended support for Russia's World Trade Organization bid.

Yet he did not touch any Russian money held in the US.

Three presidents from both parties, across five decades, watched America's biggest adversary invade other countries... but they still chose to keep the money out of it.

America had become Switzerland: a neutral custodian that fiercely protected anyone's savings, regardless of politics. The trust ran so deep that through every proxy war and nuclear standoff, even the Soviet Union held their enemy’s currency inside their enemy’s financial system. That’s how confident the Soviets were in America’s financial neutrality.

That wasn’t about keeping Moscow happy. It showed the world that assets in America were safe... and that was traditionally a huge reason why foreign governments parked trillions of dollars in US government bonds... and why the Treasury Dpeartment could borrow endlessly to fund its deficits.

But this policy of financial neutrality changed in February 2022, after Russia invaded Ukraine. The US pushed its allies to freeze roughly $300 billion of Russian assets.

To be clear, this is not a moral discussion. I’m not arguing whether it was right or wrong; rather, this is about setting precedent. Russia did not attack or invade the United States; they attacked Ukraine— a country with which the US did not have a mutual defense treaty.

For years leading up to the Ukraine invasion, the US government had started politicizing its financial system, weaponizing the dollar, and levying occasional sanctions when foreign countries or banks stepped out of line.

But freezing the reserves of a major power was a massive acceleration.

Consequently, America’s reputation as a financial safe haven vanished on the spot.

Foreign governments were already worried about the gigantic US national debt, political dysfunction in Washington, and deep social divisions. The Russian asset freeze was the proverbial straw that broke the camel’s back.

The first lesson that foreign nations concluded was the importance of holding gold as a strategic financial reserve.

Rather than deposit US dollars in a big Wall Street bank, or hold US government bonds, foreign governments concluded that it was much safer to have physical gold sitting in their own country— no one could confiscate it, freeze it, or inflate it away.

That’s why central banks around the world began diversifying out the US dollar and into gold: roughly 2% of strategic reserves (above normalized annual net purchases) between 2022 and 2025 was invested in gold.

And that modest shift— just 2%— caused the gold price to more than double. As we covered earlier this week, central banks plan on investing a whole lot more into gold.

Gold was the key lesson of Ukraine. Then came the lesson of Iran.

Until this year, few governments worried much about the availability of critical assets like energy, food, fertilizer, microprocessors, etc.

But then US and Israeli forces struck Iran in late February, and Iran responded by closing the Strait of Hormuz. More than five months later, the strait is still too dangerous for most commercial traffic, and many countries are running short on those same critical resources that transit the Gulf.

The lesson of Iran is that the world runs on strategic assets, and access to them can vanish overnight.

Their conclusion is that, again, rather than stockpile US dollars via government bonds and bank deposits, it makes a lot more sense to stockpile strategic assets— like fertilizer, energy, etc.

At a minimum, whenever the situation in Iran comes to its conclusion, countries will have to buy oceans of oil just to top off their strategic petroleum reserves. Our guess is they'll go far beyond that and build the capacity to store even more.

And not just oil. Anything critical and strategic is now a candidate for the stockpile, because the old days of global cooperation and easy trade are gone, replaced by mistrust, conflict, and resource nationalism.

That means base metals, rare earths, and technology itself, from memory chips to sovereign compute capacity.

This trend is still in its early stages, and the companies that own and produce these critical assets stand to do very well.

We've featured many of them, from energy to metals, in Schiff Sovereign's investment research newsletter, Strategic Assets. 

And this environment has been very good to them: several are trading at all-time highs right now; the crude tanker company we covered just reported the best quarter in its history, and a zinc producer is up almost 3x in under nine months.

In the most recent issue, we told readers about a small oil producer which is becoming a wildly successful profit machine; it has no debt, excellent management, yet trades at just three times its current free cash flow.

To your freedom,  James Hickman    Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/investing/even-americas-enemies-trusted-it-with-their-money-thats-over-155592/?inf_contact_key=b39c23af66c094617dcf76f7ba78b937b51161ba063939a3213f94f46454e7e9

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Rob Cunningham: Remember When Using a Cell Phone Required a Financial Advisor?

Rob Cunningham: Remember When Using a Cell Phone Required a Financial Advisor?

8-13-2026

REMEMBER WHEN USING A CELL PHONE REQUIRED A FINANCIAL ADVISOR?

$1.25 a minute at peak.

$0.75 off-peak.

Long distance? Hold onto your wallet.

And the phone itself came in a bag approximately the size of carry-on luggage.

We thought this was advanced technology.

Then something extraordinary happened.

Networks improved. Capacity exploded. Costs collapsed. Phones became supercomputers. Metered minutes became unlimited talk, text and data.

And humanity didn’t respond to cheaper communications by communicating less.

WE WENT ABSOLUTELY BONKERS.

Billions connected.

Entire industries appeared.

Human productivity exploded.

Businesses were created that couldn’t possibly have existed under the Bag-Phone Economy.

Which raises one wonderfully uncomfortable question:

What if MONEY is standing exactly where the bag phone once stood?

Think about it.

Banking hours.

Settlement delays.

Correspondent banks.

Prefunding.

Intermediaries.

FX spreads.

Reconciliation.

Capital sitting around waiting for other capital to finish moving.

We can livestream a rocket launch from another continent while standing in a grocery-store checkout line…

… but moving our own money around Earth can still involve business days.

Seriously?

Now imagine the monetary equivalent of going from:

$1.25 PER MINUTE → UNLIMITED EVERYTHING.

24/7/365 settlement.

Interoperable DLT networks.

Sovereign digital currencies.

Real-time global liquidity.

Tokenized real-world assets.

Verifiable reserves.

Real ownership.

Sound-money principles.

Capital moving at something approaching the speed of information.

And potentially billions of humans, businesses and machines connected to the same emerging Internet of Value.

That’s the rabbit hole I went down.

And the deeper I went, the more fascinating the comparison became.

Because the biggest consequence of cellular technology wasn’t cheaper phone calls.

It was everything humanity invented after communication became abundant.

So perhaps the biggest consequence of next-generation monetary infrastructure won’t be cheaper payments either.

Perhaps it will be everything humanity creates when VALUE becomes radically easier to own, exchange, settle and put productively to work.

That is the distinction between what I call:

THE BAG-PHONE ECONOMY
and
THE REAL-MONEY ECONOMY

One rationed communications by the minute.

The other asks whether we’re about to stop rationing the movement and productive usefulness of value through yesterday’s financial plumbing.

And if the cellular transformation produced extraordinary increases in adoption, entrepreneurship, productivity and global commerce…

what happens when the infrastructure being transformed isn’t merely the telephone network – but MONEY itself?

Now that is worth thinking about.

Grab a coffee. Bring your curiosity. Leave a little room for your assumptions to get uncomfortable.

Read my full comparison of the “Bag-Phone Economy” and our emerging “Real-Money Economy” unfolding before the world’s eyes.

You don’t have to agree with the thesis.

Just answer one question when you’re finished:

If the smartphone made the bag phone look prehistoric…what will tomorrow’s monetary network make today’s banking system look like?

Source(s):
• https://x.com/KuwlShow/status/2087628706722332894

https://dinarchronicles.com/2026/08/13/rob-cunningham-remember-when-using-a-cell-phone-required-a-financial-advisor/

Ariel: The Zimbabwe Conundrum, Addressing Core Concerns (and more)

Ariel:  The Zimbabwe Conundrum, Addressing Core Concerns

8-13-2026

The Zimbabwe Conundrum : Addressing Core Concerns That Have Worn Down Interest

Task Schema At Hand

What We Will Address

1. We will open with the core tension demonetization as “permanent” vs. the historical record of political settlements overriding legal extinguishment

2. Deepen the ZIM gray zone analysis what RBZ actually said vs. what they didn’t file, bearer clause implications

3. Expand historical precedent beyond what we already covered add we will add cases we didn’t mention to show the pattern is even broader.

4. Address the skeptics claim about IMF/World Bank/BIS not maintaining registries flip it: that’s precisely WHY the gray zone exists

5. Connect to the GCR framework 20 currencies, regime change conditions, why ZIM notes occupy unique structural position

6. Close with forward-looking analysis on what conditions would trigger a political settlement override for ZIM specifically

The Global Currency Framework

Within the context of a systemic monetary restructuring a Global Currency Reset involving 20 currencies, a gold revaluation, new SEC cryptocurrency rules, and the Clarity Act the ZIM note question takes on a different character.

Under regime change conditions, the political settlement mechanism activates. The notes that exist in the gray zone become candidates for resolution precisely because the system itself is being restructured.

The 20 currencies positioned for transformation IQD, VND, IRR, ZIM notes, Indonesian rupiah, Venezuelan bolivar, and others share common structural features: undervaluation driven by political instability, hyperinflation history, demonetization events, and connection to regimes that have undergone or are undergoing fundamental change.

Each note represents a claim against a monetary system that the current global financial architecture is preparing to reprice.

The Iraqi dinar revaluation operates on similar logic. The old Saddam dinar was demonetized in 2003. The new dinar was issued. But the revaluation question is not about the old notes it is about the new notes being repriced under a restructured global monetary regime.

The political settlement there involves Iraq’s sovereignty being recognized through a currency value that reflects actual resource backing rather than sanctions-era suppression.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/zimbabwe-core-166519059

https://dinarchronicles.com/2026/08/13/prolotario-the-zimbabwe-conundrum-addressing-core-concerns/

Ariel:  Confusion around Zim Notes, Big Things are Happening

8-13-2026

We Are Going To Demystify The Confusion Around The Zim-Notes Today

One other thing I want to say about the Zimbabwe notes. Bearer instruments are not ordinary currency in the technical sense. A bearer bond, bearer cheque, or bearer note carries an embedded sovereign promise the issuing authority obligates itself to the holder of the instrument, whosoever that holder may be.

 Demonetization removes the note from active circulation. It does not adjudicate the sovereign obligation underneath.

This is why I tell people to hold them. Because the political climate is changing. And we are moving into a entire new system. These are still solid holdings.

Let Me Tell You Why

The RBZ demonetized the Zimbabwe dollar in 2015, then again carried through a multi-currency framework, and later reintroduced a new Zimbabwe dollar in 2019. At no point during any of these transitions did Zimbabwe file a formal instrument of repudiation with the IMF, the World Bank, or the Bank for International Settlements regarding the bearer obligations embedded in the original note series specifically the 2008 AA series and the 2008-2009 special agro-cheques.

If no international body maintains a registry, then no international body has formally extinguished the obligation either. The note exists in a jurisdictional void not circulating, not adjudicated, not repudiated through any formal multilateral process.

Iraq is moving

SEC is moving.

Money is moving.

Do you all understand what is about to occur?

We have waited years to get to this point.

We have lost many people along the way.

Now you stand at the threshold of an entire new life.

There is no denying what is now directly in your face.

People are on edge more than they have ever been.

You have been granted this opportunity to change history.

Now you have everything working in your favor.

Are you ready to step into the future and reclaim your life?

What better time is there right now than to reassess how we view ourselves or the world in general from this point?

Most of you never thought you would even get this far due to many reasons seen & unseen. You still stand.

Your health. Your strength. Your skills. Your patience have all been tested to its limits. Will that change? No.

We are in crunch mode.

We are in a pressure cooker.

We are in a battle for our survival.

Follow through with your goals.

Follow through with your promise to others.

Follow through with your faith with God.

Everything will fall in favor with your path forward to discover what has been hidden.

~We Have So Much To Look Forward To

Big Things Are Happening:

Note – The cascade mechanism IQD RVs, which forces the settlement framework activation for VND, ZIM, etc. because the legal infrastructure (Clarity Act, SEC crypto rules, gold revaluation) has to be in place first for the cascade to execute without market chaos.

Why now?

The Clarity Act framework, SEC crypto reclassification, and gold revaluation have to be positioned first. You can’t RV one currency in isolation without the settlement infrastructure in place for the cascade. IQD is the trigger the other currencies are the charges wired to the same circuit.

When IQD redenominates then revalues, it doesn’t just move on a screen. It activates pre-positioned settlement frameworks.

Do not be surprised that the VND could possibly go within 72 hrs. Because I will be honest with you. Vietnam has been ready since 2015.

Watcher.Guru:JUST IN: SEC prepares "innovation exemption" to allow 24/7 blockchain trading of tokenized stocks.

Source(s):
• https://x.com/Prolotario1/status/2087530542539440333
• https://x.com/Prolotario1/status/2087536737115419015
• https://x.com/Prolotario1/status/2087584720204836920

https://dinarchronicles.com/2026/08/13/prolotario-confusion-around-zim-notes-big-things-are-happening/

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 8-13-26

Good Afternoon Dinar Recaps,

CLARITY Act Hits a New Roadblock: Rural Republicans Join Banks in Stablecoin Yield Fight

The battle over stablecoin rewards is exposing a deeper conflict between traditional banking and the emerging digital financial system—putting the CLARITY Act's September Senate vote on increasingly uncertain ground.

Overview

• Rural Republican senators are raising concerns about stablecoin rewards, particularly the possibility that community banks could lose deposits used to finance farms and small businesses.

• The stablecoin-yield provision has become a key obstacle to securing the 60 votes needed to advance the CLARITY Act when the Senate returns in September.

• The fight goes beyond crypto regulation: it represents a broader struggle over whether stablecoins will complement the existing banking system or compete directly with bank deposits.

Key Developments

1. Community-bank deposit concerns are becoming a Republican problem

The latest opposition is significant because some Republican senators representing rural states are increasingly receptive to the banking industry's argument that stablecoin rewards could encourage customers to move money away from community banks.

The concern is particularly important in rural economies, where community-bank deposits help fund agricultural loans, mortgages and small-business credit.

Reuters reports that protections for community-bank deposits and limitations on crypto rewards remain among the major unresolved issues surrounding the legislation.

2. The battle centers on what qualifies as “yield”

The disagreement is not simply over whether stablecoins should pay interest.

The Senate's current market-structure language would prohibit digital-asset service providers from paying passive, deposit-like interest or yield on payment stablecoin balances while allowing certain bona fide activity-based rewards.

Those permitted activities can include rewards associated with transactions, payments, transfers, wallet or platform use, loyalty programs and other qualifying activities.

That distinction has become one of the most important negotiating points between banks and the crypto industry.

3. Banks want the loophole closed

Banking groups argue that exchanges and other crypto platforms could effectively recreate deposit interest through rewards programs even if stablecoin issuers themselves are prohibited from paying interest.

Their concern is that a sufficiently attractive rewards structure could cause consumers and businesses to move cash from traditional bank accounts into stablecoin-based products.

That could potentially reduce the deposit funding available to community banks—particularly important institutions in agricultural and small-business communities.

4. Crypto advocates argue activity-based rewards are different

Supporters of the current approach argue that a reward tied to actual economic activity is not the same thing as interest paid simply for holding a balance.

Senator Cynthia Lummis has pushed back against efforts to treat all stablecoin rewards as equivalent to bank deposit interest.

This distinction is becoming central to the negotiations because an overly broad prohibition could limit the ability of digital-asset companies to develop payment, loyalty and transaction-based business models.

5. September 15 becomes the critical date

Senate Majority Leader John Thune filed a cloture motion for the CLARITY Act before the August recess, setting up a September 15 procedural vote.

The bill needs 60 votes to clear the cloture hurdle.

Reuters reports that the legislation faces a difficult path because of opposition from some Democrats as well as unresolved concerns among Republicans, including issues involving stablecoin rewards and community-bank deposits.

That makes the September vote much more than a routine procedural step. It will reveal whether the bipartisan coalition assembled around crypto market-structure legislation can survive the final negotiations.

What a Weakened or Failed CLARITY Act Could Mean

The CLARITY Act is intended to establish a comprehensive federal framework for digital assets, including clearer boundaries between the SEC and CFTC, registration requirements for market participants and rules governing digital commodities.

The Senate Banking Committee advanced the legislation in a bipartisan 15–9 vote in May after months of negotiations.

A major revision to the stablecoin provisions could make the bill more acceptable to banks but potentially reduce the range of rewards and financial products available through crypto platforms.

A failure to advance, meanwhile, would prolong the regulatory uncertainty that has surrounded digital assets in the United States.

That uncertainty matters because tokenization, stablecoins, institutional digital-asset adoption and blockchain-based financial infrastructure are continuing to develop even while Congress debates the rules governing them.

Why It Matters

This fight is bigger than the question of whether someone can earn a reward on a stablecoin.

At its core is a much larger question:

Will digital dollars become another product operating inside the traditional banking system—or will stablecoins become a competing financial rail capable of pulling deposits and payment activity away from banks?

That distinction could have significant implications for bank funding, credit creation, payments, financial markets and the future architecture of money.

Why It Matters to Foreign Currency Holders

For foreign-currency holders watching the evolution of the global financial system, the CLARITY Act matters because stablecoins are increasingly becoming part of the conversation about digital dollars and cross-border payments.

If U.S. lawmakers establish a clear regulatory framework, dollar-backed stablecoins could potentially expand the reach of the dollar into new digital payment networks.

That could actually reinforce dollar demand, even as other countries pursue alternatives through CBDCs, local-currency settlement and regional payment systems.

Importantly, the CLARITY Act developments do not provide evidence of a currency revaluation or RV event. The more significant signal is the potential restructuring of how dollars themselves move through the global financial system.

Implications for the Global Reset

• Pillar 1 — Technology

Stablecoins and tokenized financial assets are creating a new digital layer for moving and settling value.

• Pillar 2 — Trade

The regulatory treatment of digital dollars could influence future cross-border payment architecture and the dollar's role in international commerce.

Closing Perspective

The next major shift may not come from a new currency—it may come from who controls the rails through which digital dollars move, earn rewards and compete with traditional bank deposits.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — Crypto bill faces long odds after Senate punts vote to September

• U.S. Senate Banking Committee — Section-by-Section: Market Structure Bill

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Thursday Afternoon 8-13-26

CBI Reserves Fall Sharply To $77.8B

2026-08-13 Shafaq News- Baghdad   The Central Bank of Iraq (CBI) has recorded notable shifts and a marked decline in its financial indicators, with the bank's net claims on the government rising even as official reserves shrink, economist Manar al-Obaidi, head of the Future Iraq Foundation for Economic Studies and Consultancy, revealed on Thursday.

CBI net claims on the government registered a sharp increase, reaching 66.6 trillion dinars (approximately $50.8B), compared to 35 trillion dinars (approximately $26.7B) at the start of 2025, al-Obaidi said, based on an economic reading drawing on the latest operational and banking data.

Net official reseres held by the central bank fell to 102 trillion dinars (approximately $77.8B), down from 130 trillion dinars (approximately $99.2B) at the start of 2026, al-Obaidi added, noting that July alone saw the central bank lose approximately 10.3 trillion dinars (approximately $7.9B) from its foreign currency and banking reserves.

https://www.shafaq.com/en/Economy/CBI-reserves-fall-sharply-to-77-8B

Oil Prices Retreat On Gloomy Demand Outlook

2026-08-13 Shafaq News   Oil prices eased on Thursday after gains in previous sessions, as attention turned to expectations of weaker global oil demand this year, while there was no progress on opening the vital Strait of Hormuz.

Brent futures slipped 42 cents, or 0.47%, to $88.56 a barrel by 0405 GMT. U.S., trimming gains made over the previous six sessions.

West Texas Intermediate (WTI) crude fell 55 cents, or 0.66%, to $82.72, after advancing over the past five sessions.

A senior Iranian source said on Wednesday there had been no progress in talks to revive an interim ⁠deal agreed in June and define a timeframe to implement it.

"There was little in the way of fresh developments between the U.S. and Iran, with both sides remaining in a deadlock," said ING analysts in a note on Thursday.

"Meanwhile, the latest large drone attack on Russia's Novorossiysk port appears to have spared oil infrastructure, with no reports of damage to oil terminals as of now."

With no change in the prospect of reopening the Strait of Hormuz, the key factor that had driven prices higher over the past week, attention turned to the demand outlook following a surprise build in U.S. crude stocks and lower consumption forecasts from OPEC and the International Energy Agency.

U.S. commercial crude oil inventories posted their largest weekly gain ⁠since January 2023 as exports slumped, data from the Energy Information Administration showed on Wednesday.

Crude inventories rose by 17.4 million barrels to 424.4 million barrels in the week ended August 7, their highest since June 5, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.4 million-barrel draw.

On the same day, the Organization of the Petroleum Exporting Countries lowered its world oil demand ⁠growth forecast for 2026 to 580,000 barrels per day in its monthly oil market report.

At the same time, the International Energy Agency said it expects a 1.6 million bpd contraction in consumption this year, down from a forecast of 1 million bpd last month, with demand ⁠curtailed by higher prices and restricted supply due to the U.S.-Israeli war with Iran.

Still, the deadlocked talks between Iran and the U.S. to end the war in the Gulf have kept a floor under prices.

"The safety situation for navigation in ⁠these waters has further deteriorated, forcing vessels to turn off their signals, which reduces transparency in shipping and makes it more difficult for the market to track and assess actual supply levels," analysts at Haitong Futures said in a note.

(REUTERS)  https://www.shafaq.com/en/Economy/Oil-prices-retreat-on-gloomy-demand-outlook

Basrah Crudes Rise Despite Benchmark Losses

2026-08-13 Shafaq News- Basrah   Iraq’s Basrah crude prices advanced about 15% on Thursday, despite losses in benchmark crude futures.

Basrah Heavy crude increased by $7.72, or 14.01%, to $62.81 per barrel, while Basrah Medium crude added $8.72, or 15.20%, to $66.11 per barrel.

Brent crude futures fell by 42 cents, or about 0.47%, to $88.56 a barrel. US West Texas Intermediate (WTI) lost 55 cents, or 0.66%, to $82.72 a barrel.

OPEC’s basket rose to $86.60 a barrel, gaining $5.98, or 7.42%. Marban crude moved up to $90.08 a barrel, up 1.10%, while Dubai crude stood at $84.56 a barrel, 0.59% higher.

https://www.shafaq.com/en/Economy/Basrah-crudes-rise-despite-benchmark-losses-0

US Dollar Edges Lower In Baghdad And Erbil

2026-08-13 Shafaq News- Baghdad/ Erbil   The US dollar opened Thursday's trading lower in Iraq, hovering around 152,500 dinars per 100 dollars in Baghdad and Erbil.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 152,750 dinars per 100 dollars, down from Wednesday’s 153,300 dinars.

In the Iraqi capital, exchange shops sold the dollar at 153,250 dinars and bought it at 152,250 dinars.

In Erbil, selling prices stood at 152,950 dinars and buying prices at 152,850 dinars.

https://www.shafaq.com/en/Economy/US-Dollar-edges-lower-in-Baghdad-and-Erbil-7

Gold Prices Dip Across Baghdad And Erbil

2026-08-13 Shafaq News- Baghdad/ Erbil   On Thursday, gold prices fell across Baghdad and Erbil, hovering around 940,000 IQD per mithqal, according to Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 946,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 942,000 IQD. The same gold had sold for 957,000 IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 916,000 IQD, with a buying price of 912,000 IQD.

In jewelry stores, 21-carat Gulf gold ranged between 950,000 and 960,000 IQD per mithqal, while Iraqi gold sold for between 920,000 and 930,000 IQD.

In Erbil, 22-carat gold was sold at 982,000 IQD per mithqal, 21-carat gold at 937,000 IQD, and 18-carat gold at 804,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-dip-across-Baghdad-and-Erbil-2

Car Sales In Iraq Plunge 28%+ In H1 2026

2026-08-13 Shafaq News- Baghdad   Iraq’s car market contracted sharply in the first half of 2026, with sales falling 28.6% year-on-year to 59,264 vehicles, according to automotive market research platform Focus2move.

Kia remained the country’s largest-selling brand with a 28% market share, despite a 27.8% drop in sales. Toyota ranked second with 22% of the market as its sales fell 24%, while Nissan placed third after a 13.3% decline.

MG ranked fourth with an 8.9% share despite sales falling 31.6%, while Jetour climbed to fifth with 8.4% after recording 29.2% growth.

Among other leading brands, Hyundai recorded the steepest decline, with sales down 69.7%, while Great Wall grew 6.9%.

The electric vehicle segment suffered an even steeper contraction, with sales dropping 72%. BYD led the segment with a 48.3% share, followed by Toyota at 43.4%.

Sales grew strongly between 2021 and 2024, reaching 158,076 vehicles in 2024, before the market reversed course.

https://www.shafaq.com/en/Economy/Car-sales-in-Iraq-plunge-28-in-H1-2026

Businessman Breaks Down the Dinar RV Timeline

Businessman Breaks Down the Dinar RV Timeline

The Dinar Den:  8-12-2026

For over a decade, the Iraqi dinar has remained a subject of intense interest for global market observers, history buffs, and private currency enthusiasts alike. The concept of monetary reform in a nation transitioning from decades of conflict to global economic integration is a fascinating study of international relations, macroeconomics, and fiscal policy.

In a recent, highly detailed conversation, veteran market observers Stephen and David shared their personal journeys, deep research, and nuanced perspectives on the Iraqi dinar’s potential path toward international revaluation.

Having tracked these developments since roughly 2010, both commentators stress that their insights represent informed opinions based on years of analysis, rather than formal financial advice. Their discussion provides a valuable roadmap for understanding the complex web of geopolitical and economic factors shaping Iraq’s monetary future.

Every observer’s interest in the Iraqi dinar begins with a unique spark. For David, his journey started through a faith-based introduction during a Bible study group in 2010. What began as an intriguing conversation quickly evolved into a dedicated pursuit of knowledge. Over the years, this curiosity drove him to dive deep into historical monetary precedents, international law, and political developments.

This evolution from a casual listener to a rigorous researcher is common among long-term observers of Iraq’s economy. Understanding the Iraqi dinar requires looking far beyond basic currency charts; it demands an appreciation of how history, sovereign governance, and international banking systems intersect.

Both Stephen and David emphasize that successful observation relies on separating emotional speculation from verifiable, structural milestones.

A significant portion of the discussion centers on the heavy involvement of international entities in Iraq’s financial restructuring. Since the early 2000s, the United States, the International Monetary Fund (IMF), and the U.S. Treasury have played pivotal roles in guiding Iraq’s monetary policy and governance framework.

This global supervision is designed to transition Iraq’s financial sector into alignment with international standards. The Central Bank of Iraq (CBI) has worked closely with these foreign agencies to reform political appointments, combat illicit capital flight, and build a transparent financial infrastructure.

For investors tracking potential currency shifts, the progress of these institutional reforms serves as a crucial barometer, showing that Iraq’s monetary destiny is deeply tied to its relationships with global financial institutions.

While international guidance is vital, Iraq’s internal legislative and structural reforms are equally critical. A major focal point of Stephen and David’s analysis is the stalled Hydrocarbon Law (HCL).

 This proposed legislation aims to establish a transparent, unified system for distributing Iraq’s vast oil revenues among its various regions, including Baghdad and the Kurdistan Regional Government (KRG). The passage of the HCL is widely regarded as a foundational economic step that could stabilize the domestic economy and provide the fiscal backing necessary for broader currency reforms.

Simultaneously, Iraq is undergoing a massive push toward modernizing its domestic financial infrastructure. Historically a cash-dominated economy, the country is rapidly adopting electronic payment systems, digital banking platforms, and stricter auditing processes. This modernization reduces reliance on physical banknotes, improves tax collection, and aligns domestic banking practices with the global SWIFT network—all essential steps for any currency seeking international trade status.

No discussion of Iraq is complete without addressing its complex regional dynamics. Stephen and David touch upon the intricate relationship between Iraq and its neighbors, particularly Iran, and how regional conflicts influence economic stability. Crucially, they point out that regional tensions and geopolitical friction do not necessarily block a country’s economic or monetary progress. Historically, nations have successfully restructured their currencies amidst complex regional environments when backed by major global powers.

Furthermore, the conversation connects Iraq’s local reforms to broader global shifts. The rise of digital currencies, central bank digital currencies (CBDCs), and macroeconomic trends—such as the recent instability of the Japanese yen—highlight the fluid nature of today’s global financial system. Iraq’s efforts to stabilize and strengthen its currency are unfolding against a backdrop of worldwide monetary evolution.

The overarching takeaway from Stephen and David’s discussion is a call for patience, emotional discipline, and grounded analysis. The path of monetary reform is rarely linear, and the timing of a potential currency adjustment remains highly uncertain.

Navigating this space requires filtering out sensationalized rumors and focusing on tangible economic indicators, official central bank announcements, and verified geopolitical developments.

By understanding the historical context and the complex global forces at play, observers can maintain a balanced, informed perspective on Iraq’s ongoing economic transformation.

https://www.youtube.com/watch?v=UjMZ5QFiO5I

News, Rumors and Opinions Thursday 8-13-2026

Stephanie Starr: September 30th to October 1st, Watch the Timing

8-12-2026

SEPTEMBER 30 → OCTOBER 1. WATCH THE TIMING.

Iraq is reaffirming September 30 as the end of the U.S.-led Coalition’s military mission, with October 1 beginning what Iraqi leadership calls a “new phase” focused on sovereignty, security, economic development and prosperity.

October 1 is ALSO:

• Day 1 of the U.S. government’s Fiscal Year 2027

• The beginning of the final, intense stretch toward the November 3 U.S. midterm elections

• Marks the 3 yr anniversary of the USDEBTCLOCK’S “Secret Window” graphics that have been eluding to a new monetary system.

And this is happening while Iraq continues banking and financial reforms and pushes toward greater international economic integration.

For those following the Global Currency Reset, October has long been a period of speculation. Could Iraq’s transition toward full sovereignty and deeper integration into the global financial system eventually include a change in the IQD’s exchange-rate regime or value?

Still, the timing is fascinating:

• Sept. 30: one chapter closes.

• Oct. 1: a new fiscal year and a “new phase” for Iraq begin.

Sovereignty …Stability …Investment …Economic integration …Currency reform

October is looking VERY interesting.

Source(s):
• https://x.com/StephanieStarrC/status/2087591142632067374

https://dinarchronicles.com/2026/08/13/stephanie-starr-september-30th-to-october-1st-watch-the-timing/

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Thom   Late yesterday afternoon, I got a call from a friend of mine who is a banker in Texas. And he is high up at his bank. He shared with me that he got a call telling him to expect the new REER tomorrow, Thursday or Friday. That call was from a retired banker and not from an official source. Now I trust him. And I am hearing this same thing from other people. But... I am reading September for a lot of things.  I hope I am wrong and it is this week. The CBI has a history of changing the rate when the gap between the street rate and the official rate are far apart and that is how it looks to me. 

Frank26   [Iraq boots-on-the-ground report]  OMAR:  The televisions says the United States of American, Mr. Donald Trump is very furious at the new Prime Minister because he promised the reforms and the cabinet to be completed by the 1st of July.  FRANK:  Trump is not pulling any punches.  Didn't I tell you Trump wants the same thing that you want?

Stephen  I've been getting a lot of messages this past weekend from people that are very concerned saying, 'Oh my gosh, if the dinar goes digital, does that means that our paper currency is worthless?" Having the dinar go digital is going to help a lot when it comes to the tracking and making sure every single dollar is tracked...While we are waiting for the Iraqi dinar revaluation...going digital is a critical piece of that happening.

Japan Exposes US Debt Crisis, the Mask is off

Liberty and Finance:  8-11-2026

Gold and silver have experienced a significant pullback, but Andy Schectman says the correction may have shaken out much of the speculation and selling pressure that had built up earlier in the year.

 He points to continued gold accumulation by central banks, China, and Tether, arguing that major buyers are using the weakness in prices to add to their holdings.

Schectman says gold and silver have “sniffed out” the direction of real yields and believes sophisticated investors increasingly understand that policymakers may have limited ability to withdraw liquidity without disrupting financial markets.

Despite the recent volatility, he says gold and silver are showing renewed strength after speculation and open interest were flushed from the market.

Schectman believes the metals could be at the beginning of another leg higher, while acknowledging that additional short-term volatility remains possible.

INTERVIEW TIMELINE:

0:00 Intro

1:30 Crisis in private credit

22:10 Metals rally

https://www.youtube.com/watch?v=iof_p3n5HcE

Iraq Economic News and Points To Ponder Late Wednesday Evening 8-12-26

"My Account" project: Countdown begins for the complete abolition of "cash salaries" in Kurdistan by the end of this month

Erbil (Kurdistan24) - The Kurdistan Regional Government's "My Account" (Hizami Man) financial project team has issued a decisive notice to public sector employees and retirees, announcing that they have only 20 days left to receive their bank cards before cash payments are completely and finally stopped as of August 31, 2026.

The project management statement urged all employees and beneficiaries to expedite the receipt of their cards to avoid delays in the disbursement of their upcoming entitlements, noting that it is possible to verify the card's readiness via text messages (SMS), or applications (Viber and WhatsApp), or by direct inquiry at bank outlets during the current payment period.

Financial inclusion achievement in numbers

Official project data revealed that financial inclusion is nearing completion of all its phases, with the overall rate of employee registration with accredited banks reaching 96% across the region, distributed as follows:

Erbil and Duhok governorates: achieved a record registration rate of 99%.

Sulaymaniyah Governorate: 92% of the total number of employees and beneficiaries were registered.

Expanding the ATM network

As part of strengthening the infrastructure and facilitating cash withdrawals around the clock, the project team confirmed the deployment and equipping of approximately 700 automated teller machines (ATMs) distributed across all cities, districts and sub-districts in the Kurdistan Region.
https://www.kurdistan24.net/ar/story/931812/مشروع-حسابي-بدء-العد-التنازلي-لإلغاء-الرواتب-النقدية-نهائيا-في-كوردستان-نهاية-الشهر-الجاري

Kurdistan Region To Halt Cash Salaries By August 31 Deadline 

Daban Mohammed

At a Glance

• Cash-based payroll distribution in the Kurdistan Region concludes this month.

• The MyAccount project urges 25,000 unregistered employees to expedite their enrollment.

• The federal government and the KRG have agreed to terminate cash-based payrolls.

Cash salary distribution for public sector employees will be completely halted in the Kurdistan Region after August 31; approximately 150,000 public sector bank cards have not yet been collected by beneficiaries.

Key Statements and Focus Area

• In an official statement, the MyAccount project warned public sector employees that cash salary distribution will no longer be available after August 31 of this year.

• Any employee without a bank card will face difficulties receiving their financial dues.

In terms of logistical preparations and distribution status, the MyAccount project management stated that 80,000 finalized bank cards are currently stationed at state-run banks, calling on account holders to collect their respective cards before the end-of-month deadline.

Distribution updates and mandatory pickup schedules specifying the designated holding branch will be communicated exclusively to public sector employees through direct SMS notifications.

For beneficiaries who have not yet received this correspondence, project officials confirmed that automated text alerts will be dispatched incrementally over the next three weeks.

Furthermore, the specialized hotline 1991 has been fully activated as a dedicated customer support center tasked with handling inbound inquiries and resolving individual card issuance issues.

FYI

MyAccount, a digital payroll initiative, was launched by the Kurdistan Regional Government in September 2023 to transition public sector workers from cash payments to electronic bank deposits.

According to the agreement between Erbil and Baghdad, the salary distribution system is shifting, and cash will no longer be disbursed for payroll.

This marks the final deadline for approximately 25,000 employees who have not yet registered in the project.

The project emphasizes that collecting bank cards before August 31 is the only way to protect employees' salaries from being suspended by the federal government. https://channel8.com/english/news/63577

By October 1st, Iraq Will Be Free Of Foreign Military, No Weapons Outside The State Control, Says PM Al-Zaidi

BAGHDAD - INA - 8/12/2026    PM Ali Faleh al-Zaidi and Commander of U.S. Central Command Admiral Charles Brad Cooper confirmed on Wednesday a full and final agreement to end the international coalition's military mission, while stressing that Iraqi-US relations will move towards cooperation and partnership in the economic, development, and security fields.

During the meeting, PM Al-Zaidi reaffirmed the commitment to the agreed timelines, under which September 30 will be the fixed and final date for ending the military mission of the Global Coalition to Defeat Daesh in Iraq and completing the departure of its forces, according to a statement from the PM Media Office, received by the Iraqi News Agency - INA.

“October 1st will mark a new day in the path of the Iraqi state, as Iraq will be free of any foreign military presence, will exercise full national sovereignty over its territory, and will continue building its security and military capabilities, enabling it to protect its security and stability on its own,” he stated.

The Prime Minister called “for adherence to the principles of the Constitution and the fundamental principles upon which the state is founded, safeguarding its supreme interests, and directing the energies of the Iraqi people toward construction, reconstruction, and development. “

“Iraq today needs the efforts of all its people to build a strong economy, a stable state, and a better future for generations to come,” he affirmed.

Al-Zaidi stressed that “confining arms exclusively to state authority, in accordance with the law, protects everyone, strengthens the authority and sovereignty of the state, ensures security and stability, and represents an essential prerequisite for moving Iraq into a new phase of development and prosperity.”

Both sides affirmed their full and final agreement on ending the military mission of the Global Coalition to Defeat Daesh in Iraq, in accordance with what was agreed upon during the Prime Minister’s visit to Washington in mid-July.

They stressed that “Iraqi-U.S. relations will transition toward cooperation and partnership in the economic, development, and security fields, based on mutual respect for sovereignty and the mutual interests of both countries.”

https://ina.iq/en/politics/51172-by-october-1st-iraq-will-be-free-of-foreign-military-no-weapons-outside-the-state-control-says-pm-al-zaidi.html

Seeds of Wisdom RV and Economics Updates Thursday Morning 8-13-26

 Good Morning Dinar Recaps,

BRICS Moves From Talk to Financial Infrastructure: Iran Eyes Development Bank as Members Explore Linked Payment Systems

August 13, 2026 — Two developments this week point to a potentially important evolution inside BRICS: Iran says it will soon join the New Development Bank, while members are discussing ways to connect their fast-payment systems and central bank digital currencies.

Overview

• Iran says it will soon join the New Development Bank (NDB), strengthening its access to a BRICS-backed development-finance institution while remaining under extensive U.S. and international sanctions.

• BRICS central banks are discussing payment-system connectivity, including possible links between fast-payment networks and central bank digital currencies (CBDCs).

• The developments are still in the implementation stage, but together they show BRICS working on financial infrastructure that could make cross-border trade less dependent on traditional dollar-based channels.

Key Developments

1. Iran moves closer to the BRICS New Development Bank

Iranian Central Bank Governor Abdolnaser Hemmati said Iran will “soon” become a member of the New Development Bank, which was established by Brazil, Russia, India, China and South Africa.

Iran joined BRICS in 2024 and has since sought NDB membership. Reuters reports that the NDB itself has not yet confirmed Iran's membership, so this should be viewed as a stated intention rather than a completed accession.

For Tehran, the significance goes beyond another development-finance relationship. Iran remains under extensive sanctions and is looking for alternative financial channels outside the dollar system.

2. BRICS is exploring connected payment infrastructure

India's central bank governor said BRICS members are discussing possible connections between their fast-payment systems and CBDCs.

The discussions are intended in part to reduce the cost of cross-border payments. The proposals remain at the discussion stage, but they represent a move toward interoperability between national payment systems rather than relying exclusively on existing international payment networks.

3. Local currencies remain part of the strategy

BRICS members have been promoting greater use of national currencies for trade and financial transactions.

India is also continuing efforts to internationalize the rupee and expand local-currency settlement for cross-border trade. Iran, meanwhile, has advocated bilateral and trilateral monetary cooperation with other BRICS members.

4. Development finance and payments are beginning to converge

The important development is not simply that BRICS is discussing an alternative currency.

Instead, the bloc is working on several pieces of financial infrastructure at the same time:

Development finance → local-currency settlement → fast-payment connectivity → CBDCs

If these systems eventually become interoperable, they could provide participating countries with additional ways to conduct trade and finance without every transaction requiring the traditional dollar-centered pathway.

5. This is infrastructure—not an overnight monetary reset

It is important to separate what is actually happening from what is often claimed online.

There is currently evidence of discussions surrounding payment-system connectivity and local currencies, and Iran has announced its intention to join the NDB. There is not evidence that BRICS has launched a common currency or replaced the U.S. dollar as the world's reserve currency.

The significance is therefore in the gradual construction of alternatives, not a sudden replacement of the existing system.

Why It Matters

The global financial architecture is increasingly being shaped by the development of multiple payment and settlement channels.

BRICS is attempting to make cross-border transactions cheaper and less dependent on a single financial pathway. The NDB provides a financing mechanism, while payment-system interoperability could eventually provide the infrastructure for faster settlement between participating economies.

The real question is no longer simply whether countries want to reduce dollar dependence. It is whether they can build systems capable of doing so at a meaningful scale.

Why It Matters to Foreign Currency Holders

For foreign-currency holders watching the evolution of the global monetary system, these developments are worth monitoring because currency value ultimately depends not only on the currency itself, but also on the financial infrastructure supporting its use in international trade.

The development of local-currency settlement, regional payment systems and CBDC interoperability could gradually change how currencies move across borders.

However, none of these developments constitutes evidence of a specific currency revaluation or RV event. The more meaningful signals to watch are actual changes in settlement volumes, reserve policies, central-bank holdings, NDB lending and the adoption of interconnected payment infrastructure.

Implications for the Global Reset

• Pillar 1 — Trade

  BRICS is working toward payment infrastructure that could make cross-border trade less dependent on traditional dollar-based settlement.

• Pillar 2 — Technology

Linking fast-payment systems and CBDCs could create a new layer of digital financial infrastructure connecting national currencies.

Closing Perspective

The next major shift may not come from the launch of a new currency—it may come from the infrastructure that allows existing currencies to move, settle and trade outside the traditional financial channels.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Iran to join BRICS development bank soon, central bank governor says"

• Reuters — "BRICS nations discuss linking payment systems and CBDCs, RBI chief says"

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🌱 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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