Seeds of Wisdom RV and Economics Updates Sunday Afternoon 8-23-26

Good Afternoon Dinar Recaps,

China's Yuan and the Emerging Shift in Global Trade Settlement

China is continuing to build the infrastructure for a larger international role for the yuan, and today's Sinopec results provide an important energy-market connection. The shift is not a sudden replacement of the dollar—but the combination of China's energy position, yuan settlement and expanding cross-border payment infrastructure is creating another pathway for global trade outside traditional dollar channels.

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Overview

• China's yuan is gaining a larger role in cross-border settlement, with China's CIPS payment system experiencing a sharp increase in activity following the outbreak of the Middle East war.

• Sinopec's first-half profit rose 19.3%, despite the Iran war, lower domestic fuel demand and a $2.3 billion-equivalent inventory write-down, highlighting China's ability to adapt to the energy shock.

• The emerging story is not that the yuan is replacing the dollar, but that energy, trade and payment systems are increasingly providing alternatives to dollar-only settlement.

Key Developments

1. China's payment infrastructure is becoming more important

The most significant part of this story may not be the yuan itself.

It is the infrastructure being built around it.

China's Cross-Border Interbank Payment System (CIPS) has become an increasingly important mechanism for settling international transactions in renminbi.

The European Central Bank reported that CIPS settlement activity increased by approximately one-third in March 2026 compared with the average of the previous 12 months following the outbreak of the Middle East war. The ECB also reported that customer-related cross-border renminbi payments through Chinese banks reached approximately $1.4 trillion in March, about 30% higher than the previous month.

That does not mean all of this represents permanent movement away from the dollar.

But it demonstrates something strategically important:

China already has an operating payment infrastructure capable of handling substantially more international commerce.

2. The Iran war is accelerating the energy-settlement question

Energy is where the yuan story becomes particularly important for global financial markets.

The Middle East conflict has disrupted traditional energy flows and highlighted the vulnerability created when international oil trade depends heavily on a single financial and payment architecture.

The ECB specifically noted that the war could become a catalyst for a greater role for the renminbi in global oil markets.

Reports cited by the ECB indicated that some vessels used renminbi through CIPS—or other payment mechanisms—to make payments associated with passage through the Strait of Hormuz during March and April.

This is an important distinction.

The question isn't whether the entire global oil market will suddenly switch from dollars to yuan.

The more consequential development is that oil transactions are increasingly demonstrating that alternatives can be used when geopolitical circumstances make traditional settlement channels more difficult.

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3. Sinopec provides today's important energy connection

Today's new Sinopec results add another dimension to the story.

China's largest oil refiner reported first-half net profit of 25.63 billion yuan, up 19.3% from the same period last year, despite the Middle East conflict and declining domestic fuel demand.

The result is particularly notable because Sinopec also had to record an approximately 16 billion yuan inventory write-down as oil prices experienced extreme volatility.

Crude processing declined 5.6%, yet refining margins increased by 44.1%.

Sinopec attributed its resilience to factors including diversifying crude sources, optimizing purchasing and adjusting its product mix.

For the global financial-reset story, the significance isn't simply that Sinopec made more money.

It is that China's largest energy companies are adapting to a geopolitical environment in which traditional energy flows and financial relationships are being disrupted.

That increases the strategic value of China's own currency and payment infrastructure.

4. China is connecting trade, energy and payments

This is where several seemingly separate developments begin to connect.

China is simultaneously:

Expanding yuan internationalization → developing CIPS → increasing energy relationships → diversifying commodity suppliers → encouraging more cross-border yuan settlement.

The pieces do not constitute a replacement monetary system.

But together they provide another financial channel for international commerce.

That distinction matters.

A global monetary system does not have to be replaced overnight to become more multipolar.

It can become multipolar gradually as businesses, governments and financial institutions acquire more choices about which currency and payment system they use.

5. The dollar still dominates—but diversification is the story

There is no evidence that the yuan is about to displace the dollar as the world's primary reserve currency.

The dollar continues to dominate international finance, global reserves and major commodity markets.

China also faces significant limitations in making the yuan fully comparable with the dollar, including capital-account restrictions and the relative depth and openness of Chinese financial markets.

The Carnegie Endowment has specifically noted that the Hormuz crisis has highlighted the potential for greater renminbi use in energy markets while also exposing the limits of China's financial system and its continuing dependence on dollar-linked channels.

That makes the more defensible conclusion:

The world is diversifying its settlement options rather than abandoning the dollar.

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Why This Matters

For decades, the global financial system benefited from a relatively simple structure:

Dollar → international trade → commodities → banking → reserves.

Now another layer is developing:

Yuan → CIPS → Chinese trade → energy → commodities → cross-border settlement.

The two systems can coexist.

In fact, that may be exactly what is happening.

The significance is that countries conducting business with China increasingly have the ability to settle at least some transactions without converting everything through the dollar system first.

That reduces dependence without requiring an outright rejection of the dollar.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, this is an important distinction.

The global financial reset is often described as if one currency will suddenly replace another.

The actual transition may be considerably more gradual.

If international trade becomes increasingly divided among dollars, euros, yuan and regional currencies, exchange rates could become more closely connected to trade relationships, energy flows and geopolitical alliances.

That could increase the importance of understanding why a currency is being used, not simply how much it is worth against the dollar.

For currencies connected to commodity-producing nations, this could become particularly important if more energy and commodity transactions are settled outside traditional dollar channels.

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Implications for the Global Financial Reset

• Settlement diversification is becoming tangible.

The important development is not a declaration that the dollar is finished. It is the growing availability of alternative settlement infrastructure.

• Energy may be the catalyst.

Oil and natural gas are among the most strategically important internationally traded commodities. If more energy transactions can be settled in yuan or other currencies, the financial implications could extend well beyond the energy sector.

• CIPS 8is becoming strategically significant.

China's payment infrastructure gives Beijing an additional tool for expanding international use of its currency.

• The yuan's internationalization is increasingly connected to real trade.

A currency becomes more useful internationally when companies have practical reasons to hold and spend it. China's enormous role in manufacturing, commodities and energy consumption provides that underlying trade base.

• The emerging system is likely to be multipolar rather than immediately post-dollar.

The most credible interpretation is diversification—more currencies, more payment systems and more regional settlement arrangements operating alongside the existing dollar system.

What to Watch Next

1. Whether CIPS activity remains elevated after the Middle East energy crisis stabilizes.

2. Whether China expands yuan settlement for oil and other commodities.

3. Whether additional countries begin holding yuan for trade rather than simply converting it immediately into dollars.

4. Whether Chinese banks expand cross-border yuan services.

5. Whether BRICS members increase local-currency settlement in bilateral trade.

6. Whether the United States responds with measures designed to preserve the dollar's role in global trade and finance.

7. Whether the Iran conflict creates additional demand for non-dollar energy settlement.

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Bottom Line

Today's Sinopec report provides an interesting piece of a much larger puzzle.

China's largest oil refiner was able to increase profits 19.3% despite the Iran war, falling domestic fuel demand and significant oil-price volatility. At the same time, China's cross-border payment infrastructure has experienced a substantial increase in activity during the Middle East crisis.

These developments do not prove that the yuan is replacing the dollar.

They demonstrate something more subtle—and potentially more important over time:

The global financial system is developing additional channels through which trade, energy and payments can move.

That is the kind of structural change worth watching.

The next phase of the global financial reset may not be about one currency replacing another—it may be about countries gaining the ability to choose among several currencies and payment systems when conducting international trade.

And as energy becomes increasingly intertwined with geopolitics, the yuan's role in global trade settlement could become one of the most important indicators of how quickly that diversification develops.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — Sinopec's half-year profit grew 19.3% despite Iran war and falling demand

• European Central Bank — The international role of the euro, June 2026

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Iraq Economic News and Points To Ponder Sunday Afternoon 8-23-26

US Imports 6K Bpd Of Iraqi Crude After Seven-Week Gap

2026-08-23   Shafaq News- Baghdad/ Washington  US crude oil imports from Iraq resumed at 6,000 barrels per day (bpd) after seven consecutive weeks at zero, according to the latest US Energy Information Administration (EIA) data.  The week ending August 14 marked the first Iraqi crude shipments to the United States since late June, well below the 71,000 bpd recorded in the week ending June 19.

Canada led US crude suppliers at 3.806 million bpd, followed by Venezuela at 730,000, Brazil at 336,000, Mexico at 295,000, and Ecuador at 200,000. Libya supplied 26,000 bpd, Saudi Arabia 9,000, and Iraq 6,000, placing Baghdad eighth among countries with nonzero shipments.

The seven-week halt coincided with severe disruption to Iraq’s oil exports following the closure of the Strait of Hormuz, through which most of the country’s southern crude had previously been shipped.

Iraq, OPEC's second-largest producer, averaged 179,000 bpd in US-bound shipments in 2025. The halt reflects disruption to Iraq's export routes since the closure of the Strait of Hormuz on February 28, 2026, through which Iraq previously routed roughly 90% of its crude. https://www.shafaq.com/en/Economy/US-imports-6K-bpd-of-Iraqi-crude-after-seven-week-gap

Dollar Falls Against Dinar In Baghdad And Erbil

2026-08-23  Shafaq News- Baghdad/ Erbil   The US dollar fell against the Iraqi dinar on Sunday, hovering around 154,000 dinars per $100 in Baghdad and Erbil, the capital of the Kurdistan Region.

At the Al-Kifah and Al-Harithiya exchanges in Baghdad, the dollar traded at 154,100 dinars per $100, down from 154,300 dinars on Saturday, according to a Shafaq News market survey.

In Baghdad's local exchange shops, the selling price reached 154,500 dinars per $100, while the buying price stood at 153,500 dinars.

Rates eased in Erbil as well, where the dollar sold at 153,900 dinars per $100 and was bought at 153,850 dinars.

https://www.shafaq.com/en/Economy/Dollar-falls-against-dinar-in-Baghdad-and-Erbil-6

Gold Prices Stabilize In Baghdad, Decline In Erbil

2026-08-23   Shafaq News- Baghdad/ Erbil   On Sunday, gold prices hovered around 1 million IQD per mithqal in Baghdad and Erbil markets, according to Shafaq News Agency market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1,006,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1,002,000 IQD. The same gold had sold for 1,006,000 IQD on Saturday.

The selling price for 21-carat Iraqi gold stood at 976,000 IQD, with a buying price of 972,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1,005,000 and 1,015,000 IQD, while Iraqi gold sold for between 975,000 and 985,000 IQD.

In Erbil, 22-carat gold was sold at 1,035,000 IQD per mithqal, 21-carat gold at 988,000 IQD, and 18-carat gold at 847,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-stabilize-in-Baghdad-decline-in-Erbil-9

Dollar Approaches 200,000 Tomans In Iran

2026-08-23 Shafaq News- Tehran   The US dollar neared 200,000 tomans in Iran's free market on Sunday, setting a new record as strong demand for foreign currency and concerns over fresh US sanctions pushed the Iranian rial to another low.

The dollar traded at around 198,000 tomans, according to Iran's gold and currency information network, TGJU. Other free-market listings put the selling price close to 197,950 tomans, compared with roughly 195,950 tomans for buying. The dollar started the week at around 189,700 tomans, rising about 4.4% in less than seven days.

The dollar had fallen to around 153,000 tomans on June 17 after Tehran and Washington reached a preliminary understanding to end nearly six months of war. It has since recovered much of that decline, surpassing 191,000 tomans in July.

US President Donald Trump on Thursday launched a new push to isolate Iran economically, describing it as the “most crushing economic operation ever taken against any country.”

One toman = 10 Iranian rials. https://www.shafaq.com/en/Economy/Dollar-touches-200-000-tomans-in-Iran

French Exports To Iraq Reach $105M+ In Q2 2026

2026-08-23   Shafaq News- Baghdad/ Paris  French exports to Iraq rose 35.9% in the second quarter of 2026 to $106 million, according to data from the International Trade Centre’s Trade Map.

Exports increased by $28 million from $78 million in the first quarter, with pharmaceuticals recording the largest gain among major product categories. French pharmaceutical exports reached $27 million in the April-June period, compared with $2.9 million in the first quarter, an increase of $24.1 million.

Exports of essential oils, resinoids, perfumes, cosmetics and personal care products also climbed to $14 million, from $6.3 million in the previous quarter. Shipments of preparations made from cereals, flour, starch or milk, including pastry products, totaled $12 million during the second quarter.

Exports of electrical machinery, equipment and parts, however, fell to $9.9 million from $14 million in the first quarter.

Meanwhile, exports of machinery and mechanical appliances advanced to $9.8 million, compared with $6.5 million in the previous quarter. Exports of optical, medical and measuring instruments also jumped to $9.4 million, from $2.6 million in the first quarter.

Other French exports to Iraq included $4 million worth of dairy products, eggs, honey and other food products of animal origin. Exports of beverages, spirits and vinegar amounted to $3.4 million, while vehicles, parts and accessories accounted for $3.1 million.

Miscellaneous chemical products contributed a further $1.8 million to French exports to Iraq during the second quarter, the data showed. https://www.shafaq.com/en/Economy/French-exports-to-Iraq-reach-105M-in-Q2-2026

Oil Ministry To Represent Iraq At Gastech 2026
2026-08-23 Shafaq News- Baghdad   Iraq will participate in the Gastech 2026 exhibition in Bangkok next month, with Deputy Oil Minister for Gas Affairs Ezat Saber Esmaeel attending at the invitation of US energy technology company Baker Hughes, a source from the ministry told Shafaq News on Sunday.

The source said the event, “the world’s largest exhibition for natural gas and liquefied natural gas (LNG)”, is expected to draw more than 50,000 energy industry participants and over 1,000 exhibiting companies from 150 countries.

The ministry views such events as an opportunity to adopt the latest gas production technologies, reduce emissions, advance digital transformation in the energy sector, and keep pace with changes in the global gas market, according to the source.

Iraq remains one of the world’s largest gas-flaring countries. A World Bank report released in June 2026 ranked Iraq alongside Russia and Iran among the biggest contributors to global gas flaring in 2025. The data showed that the three countries collectively flared about 84 billion cubic meters of gas, accounting for nearly half of the global total.

Read more: Iraq's gas flaring paradox: a wealth of resources, a nation in need

https://www.shafaq.com/en/Economy/Oil-Ministry-to-represent-Iraq-at-Gastech-2026

2026 GDP Ranking Places Iraq 76th Globally

2026-08-22 Shafaq News- Baghdad   Iraq ranked 76th among the world’s poorest countries in 2026, with gross domestic product (GDP) per capita based on purchasing power parity (PPP) at $15,359.6, according to Global Finance magazine.

Burundi ranked as the world’s poorest country, with GDP-PPP per capita of $994.23, followed by the Central African Republic at $1,437.72 and South Sudan at $1,467.19.

At the other end of the ranking, Singapore recorded the highest GDP-PPP per capita at $164,317.89, followed by Luxembourg at $152,966.48 and Ireland at $152,632.06.

In April, the International Monetary Fund (IMF) ranked Iraq fifth among Arab economies in 2026, with GDP at PPP of $739.1 billion. https://www.shafaq.com/en/Economy/2026-GDP-ranking-places-Iraq-76th-globally

Taboola the same on the Bottom of Posts

Venezuela Abandoning The Bolivar And Adopting The U.S. Dollar Would Be The Biggest Currency Switch Since The Advent Of The Euro

Venezuela Abandoning The Bolivar And Adopting The U.S. Dollar Would Be The Biggest Currency Switch Since The Advent Of The Euro, Hanke Says

Jason Ma, Shawn Tully  Updated Sat, August 22, 2026  Fortune

Steve Hanke earned the moniker "Money Doctor" after advising governments across the globe on how to use currencies to get inflation under control. The professor of applied economics at Johns Hopkins University is now helping Venezuela and has been named a special advisor to a leading member of the country's National Assembly.

He told Fortune's Shawn Tully that his solution for Venezuela's 400% inflation is full adoption of the U.S. dollar, meaning bolivars and the central bank would be abandoned. The idea is to remove the risk of a central bank printing money to help the government pay its bills, stoking higher prices.

"Taming inflation is the key to restoring stability in Venezuela, and all the other progress flows from that," Hanke explained. "Stability isn't everything, but without stability, which means stable prices, you have nothing. And there's no better case study showing that's true than Venezuela." 

He should know. The Money Doctor persuaded Montenegro in 1999 to dump theYugoslav dinar for the Deutschemark. He also oversaw Ecuador's switch from the sucre to the U.S. dollar in 2000, marking the first dollarization in Latin America since Panama a century earlier.

Then in 2009, Hanke became an informal advisor to the prime minister of Zimbabwe, which dollarized and reined in inflation. But a new government ditched the dollar in 2013, and hyperinflation returned.

Hanke is now on his second attempt in Venezuela, after his plan for a currency board in the mid-1990s failed to win a majority in the National Assembly. This time, he sees 50%-80% odds that dollarization will be approved.

"It would be the biggest switch from domestic currencies to an alternative since the introduction of the euro in 1999," he told Fortune's Tully.

Despite the ambitious plans, the U.S. dollar is already in integral part of the Venezuelan economy. Due to the collapsing bolivar, which has tanked 78% against the greenback over the past year alone, most consumers buy virtually everything with dollars.

In fact, almost everyone not working for the government or receiving aid and pensions from the government uses dollars. Hanke said this "spontaneous dollarization" raises the chances of an official currency switch.

But the prospect of losing the central bank, which acts as a lender of last resort, and essentially handing over monetary policy to the Federal Reserve are still daunting obstacles.

Even Argentine President Javier Milei, who campaigned on dollarization, backed off the idea after he took office. While he helped cool inflation sharply by slashing subsidies and the budget deficit, the annual rate is still high.

Argentina must also continue defending the peso, which is pegged to the dollar. Regional elections last year that crushed Milei's party sent the peso into a tailspin, and Treasury Secretary Scott Bessent came to the rescue with a currency swap line.

Still, Hanke sees dollarization as the key to unlocking Venezuela's economy, which is highly dependent on oil exports. A currency switch would induce a big surge of foreign investment into the oil sector, he predicted.

Then there's the $250 billion in Venezuelan debt, which is equivalent to about 150% of GDP. Hanke said increased production would provide the dollars needed to pay the principal and interest.

The end of hyperinflation would also lower interest rates, encouraging a wave of borrowing by consumers and businesses. That would in turn ignite the housing market and drive domestic investment, he added.

"If it happens soon, Venezuela would take off from negative growth this year to positive growth next year," Hanke said.

This story was originally featured on Fortune.com

Argentina must also continue defending the peso, which is pegged to the dollar. Regional elections last year that crushed Milei's party sent the peso into a tailspin, and Treasury Secretary Scott Bessent came to the rescue with a currency swap line.

Still, Hanke sees dollarization as the key to unlocking Venezuela's economy, which is highly dependent on oil exports. A currency switch would induce a big surge of foreign investment into the oil sector, he predicted.

Then there's the $250 billion in Venezuelan debt, which is equivalent to about 150% of GDP. Hanke said increased production would provide the dollars needed to pay the principal and interest.

The end of hyperinflation would also lower interest rates, encouraging a wave of borrowing by consumers and businesses. That would in turn ignite the housing market and drive domestic investment, he added.

"If it happens soon, Venezuela would take off from negative growth this year to positive growth next year," Hanke said.

This story was originally featured on Fortune.com

https://www.yahoo.com/finance/markets/currencies/articles/venezuela-abandoning-bolivar-adopting-u-231110931.html

Jon Dowling: Where Iraq Stands Now for the Rest of the Year and Wealth Transfer Updates

Jon Dowling: Where Iraq Stands Now for the Rest of the Year and Wealth Transfer Updates, August 2026

8-22-2026

In a recent eye-opening podcast episode hosted by Jon Dowling, guest Sandy Miarecki breaks down the mechanics of an impending financial reset.

From the quiet recall of billions in physical U.S. dollar pallets overseas to the introduction of asset-backed Treasury notes, Miarecki outlines a transition away from the Federal Reserve system.

 Furthermore, the discussion dives into how states like Florida are preparing to decouple from federal control, and how everyday people can prepare for a historic market correction.

For years, alternative financial analysts have warned that the Federal Reserve note (the fiat U.S. dollar) is unsustainable. According to Sandy Miarecki, we are now witnessing the physical dismantling of this debt-based system.

One of the most startling revelations in the podcast is the ongoing recall of billions of dollars in cash pallets held globally. Historically, the U.S. has exported physical fiat currency to stabilize foreign markets or fund offshore operations. Recalling these pallets signifies a systematic winding down of the Federal Reserve note system.

What replaces the dying fiat dollar? Miarecki explains that the financial system is transitioning toward constitutional money:

The Return of Tangible Value: New Treasury notes, backed by physical assets like gold and silver, are being prepared to restore true purchasing power.

The Role of USDTS: The transition will bridge the physical and digital worlds. A new digital Treasury system (DTS/USDTS) backed by tangible assets is set to realign global finance with constitutional principles, ensuring currency cannot be printed out of thin air by private central banks.

As the federal government faces systemic insolvency, individual states are beginning to assert their constitutional sovereignty. A prime example discussed by Miarecki is Florida’s new Clarity Act.

The Clarity Act is more than just state-level legislation—it is a testbed for states looking to decouple from federal corporate control.

Affirming Sovereignty: The act reasserts the state’s independence from unconstitutional federal mandates.

Tax Reform: By implementing localized tax structures and financial protections, Florida is building a firewall against federal overreach.

A Model for the Nation: Due to Florida’s prominence and its ties to key political figures, the state is uniquely positioned to draft the blueprint for how other states can reclaim their independence as sovereign republics rather than administrative corporate subsidiaries of Washington, D.C.

We are not just in a standard economic downturn; according to Miarecki, both the U.S. residential real estate market and the stock market are trapped in unprecedented, artificially inflated “super hyperbubbles.”

For years, the Federal Reserve has kept interest rates artificially manipulated and pumped trillions of dollars into the banking sector. This has resulted in:

Historic Real Estate Inflation: Housing prices have detached entirely from median household incomes.

Extreme Margin Debt: Stock market investors have borrowed record amounts of capital to buy equities, creating a highly leveraged house of cards.

Miarecki warns that a sharp correction of over 50% is looming in both real estate and stocks. While a systemic collapse of this scale poses immense risk to the unprepared, it also presents a historic opportunity.

As the paper-based, manipulated markets dissolve, wealth will not disappear—it will transfer. Those who position themselves in tangible, physical assets (such as gold, silver, and real property) stand to benefit from a massive realignment of global wealth.

Beyond the numbers, the podcast touches on the geopolitical undercurrents driving this reset. Miarecki and Dowling discuss potential, highly anticipated indictments and arrests of key figures linked to globalist cartels and the “cabal.”

The dismantling of the Federal Reserve is not merely an economic event; it is a political extraction of corrupt entities that have controlled global wealth for over a century. The economic adjustments we are seeing are directly correlated with these behind-the-scenes legal and political maneuvers.

The insights shared by Sandy Miarecki paint a picture of a world in transition. While the main stream media focuses on daily political theater, the true shifts are happening in the plumbing of the global financial system and state-level sovereignty acts.

https://www.youtube.com/watch?v=g4phC6mMOFA

Sunday Iraq News Posted by Tishwash at TNT 8-23-2026

TNT:

Tishwash:  Exclusive: Parliament hosts Finance Minister to discuss the financial crisis and solutions

The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, revealed on Saturday that the Minister of Finance, Faleh Al-Sari, is expected to be hosted in Parliament to discuss the details of the financial crisis facing Iraq.

Faihan told Shafaq News Agency that "the Minister of Finance has requested to attend the House of Representatives, and the request to host him will be included on the agenda of one of the upcoming sessions, with the date of the hosting to be determined in the coming days," indicating that "the Minister wants to explain the details of the financial crisis and the expected solutions to address it."

He added that "the borrowing law will be included on the agenda of one of the upcoming sessions for its first reading."

Finance Minister Faleh al-Sari confirmed the existence of a real financial deficit that is hindering the completion of salary payments for employees, retirees and social welfare beneficiaries, noting that the total monthly obligations for salaries amount to about 7 trillion and 800 billion dinars.

For his part, Iraqi government spokesman Haider al-Aboudi confirmed that Iraq is facing "severe" financial challenges, noting that the government needs about 10.8 trillion dinars monthly to cover employee salaries and public expenditures, while the country's oil revenues do not exceed 2.5 trillion dinars.

It is worth noting that Prime Minister Ali Faleh al-Zaidi reassured employees and retirees on Friday that monthly salaries and government payments would be fully secured, while emphasizing that Iraq is going through "difficult and challenging" circumstances due to regional developments and the disruption of oil exports through the Strait of Hormuz.  link

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Tishwash:  Muzhir Muhammad Salih: The 2027 budget is based on an oil price between $50 and $60.

 The Prime Minister’s financial advisor, Mazhar Muhammad Salih, described the 2027 budget as one of the most complex budgets in terms of planning, given the geopolitical challenges surrounding Iraq, suggesting the adoption of a hypothetical oil price ranging between $50 and $60 per barrel.

Saleh said in a press statement that the upcoming budget will place salaries, wages, grants, pensions and the social welfare network at the top of its priorities, stressing that these items represent a “red line” that cannot be crossed.

He added that operational spending will focus on key sectors, including the maintenance of electricity networks, national security, and the provision of medicines and food baskets, which he described as “a safety valve for the Iraqi people.”

On the investment side, Saleh stressed that the electricity sector will be given top priority, noting that “electricity today is a matter of life or death for the economy and society,” and that the government program attaches great importance to the reconstruction and maintenance of power networks and addressing the electricity crisis that has been ongoing for years.

Regarding oil revenues, he explained that adopting a price between $50 and $60 per barrel comes as a precautionary measure to counter the fluctuations in global oil markets and the risks to trade routes, especially developments related to the Strait of Hormuz and its potential impact on Iraqi exports.

Saleh predicted that Iraq would return to exporting more than 3 million barrels per day after the end of the Strait of Hormuz crisis, suggesting the possibility of preparing a supplementary budget in the middle of 2027 if financial revenues improve.

Regarding the preparation of the budget, he indicated that the draft budget law will be transferred from the Ministry of Finance to the Cabinet in the coming days, and will then be referred to the House of Representatives to complete the procedures and legislative readings.

He pointed out that the state is moving towards implementing program and performance budgeting in a partial and gradual manner, with the aim of enhancing spending efficiency and linking government spending to the results achieved, instead of being satisfied with traditional oversight of spending.

Finance Minister Faleh Sari had previously announced the formation of five ministerial committees to prepare the draft general budget law for 2027, in cooperation with the World Bank  link

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Tishwash:  The First Deputy Speaker of Parliament told NINA: The Minister of Finance and the proposed loan law will soon be presented to Parliament.

Baghdad / NINA / First Deputy Speaker of Parliament Adnan Faihan confirmed that Parliament is awaiting the discussion of the proposed loan law and the hosting of the Minister of Finance in upcoming sessions.

Faihan stated to the National Iraqi News Agency ( NINA ): "The Minister of Finance has officially requested to appear before Parliament to explain the financial crisis and the possible solutions proposed for implementation."

He clarified: "The date for this meeting will be included on the agenda of one of the upcoming sessions."

He added: "The proposed loan and grant law will soon arrive from the government and will be placed on the agenda of Parliament sessions to proceed through the legislative and legal process and be put to a vote."

Regarding the delay in completing the cabinet, Fayhan affirmed that "there is a general trend among the political blocs, the government, and parliament to finalize the cabinet formation, which we expect to reach the House of Representatives soon for a vote." He pointed out that the delay in voting on the remaining ministerial candidates is linked to several factors, including entitlements, such as the Ministry of Interior portfolio, for which a candidate has not yet been decided, as well as a Kurdish disagreement over who will occupy the position of Deputy Prime Minister and who will hold the ministerial portfolio.   link

Tishwash:  Iraq Warns Against Illegal Forex and Crypto Trading

At a Glance

Forex and crypto trading prohibited

Illegal market continues to expand

Citizens face significant financial losses

Authorities warn of financial crimes

Information obtained by Channel8 indicates that illegal Forex and cryptocurrency trading continues to expand in Iraq and the Kurdistan Region despite official restrictions, with unregulated platforms exposing users to significant financial and legal risks.

Key Statements and Focus Area

Central Bank of Iraq: Forex and cryptocurrency trading through unauthorized platforms is prohibited.

Kurdistan Region Ministry of Interior: No company or mobile application has been officially licensed to conduct this type of business.

Financial regulators: Restrictions are aimed at preventing money laundering, fraud, illicit financing, and the unauthorized movement of cash outside the country.

Despite the official restrictions, an expanding underground market allows people in Iraq and the Kurdistan Region to trade foreign currencies and cryptocurrencies through unregulated platforms and brokers.

Information obtained by Channel8 indicates that millions of dollars are being exchanged daily through anonymous applications, social media brokers, and informal financial networks.

One of the most common methods is peer-to-peer trading through international cryptocurrency platforms, including Binance and OKX.

Users can also arrange transactions through brokers operating on Telegram and other social media platforms, exchanging physical cash for digital currencies such as USDT.

Some traders use privately issued MasterCards and Visa cards to fund digital wallets. Such transactions can result in bank accounts being suspended.

Unlicensed currency exchange offices also reportedly operate as intermediaries, accepting cash and transferring digital assets to customers.

Iraq currently has no comprehensive legal framework regulating or protecting cryptocurrency trading. Authorities have therefore warned that users engaging with unauthorized platforms have limited legal protection if their funds are lost or stolen.

The restrictions are also intended to combat money laundering, prevent the financing of prohibited organizations, protect citizens from fraud, and limit the movement of physical cash outside the country.

Global data cited in the report indicates that ordinary retail traders face particularly high failure rates.

The UK Financial Conduct Authority and the European Securities and Markets Authority have reported that between 70% and 89% of retail users lose money in certain high-risk trading markets.

The information also indicates that inexperienced traders can lose their capital within a short period, with many accounts reportedly lasting less than 90 days before being depleted.

Professional and institutional traders generally operate with structured risk-management systems and longer-term strategies.

By contrast, ordinary retail users are more likely to rely on short-term speculation, limited financial information, and panic-driven decisions.

Estimates cited in the report place the success rate of ordinary retail traders at around 10% to 15%, compared with 75% to 85% for institutional and professional traders.

FYI

Foreign exchange (Forex) and cryptocurrency trading platforms operate within a decentralized global network that relies entirely on digital matching systems rather than centralized physical exchanges. Because these markets lack a fixed physical location, retail users interact directly with international brokers via electronic applications or peer-to-peer (P2P) networks to trade high-risk assets.

Unlike traditional banking, the rapid fluctuations in digital currency values mean that missing capital can vanish instantly into the digital space without any physical collateral or assets left behind. Due to these structural vulnerabilities, major regulatory bodies like the UK's Financial Conduct Authority (FCA) enforce strict transparency rules worldwide to warn the public about high retail loss rates.

Locally, because Iraq lacks any formal legislative framework to monitor or tax these transactions, the Central Bank of Iraq maintains a total prohibition on digital trading to prevent unregulated cash outflows and protect citizens from international fraudulent schemes.  link

News, Rumors and Opinions Sunday 8-23-2026

Ross: Take a Look at How Far We’ve Come

8-22-2026

One of my employees who invested in IQD a while back asked me for an update so I tried to formulate something concise to share with them and man… when you take a look at how far we’ve come in such a short time… so exciting:

• Official announcement: decision to delete 3 zeros is made

• Zeros deletion = Step 1 (internal cleanup). Rate move = Step 2

• ~40 trillion IQD potentially blocked via proof-of-origin checks

• Communications Minister speaking on currency is unusual (normally CBI territory)

• Zaidi’s first 100 days framed as major repositioning + serious anti-c********n

• Clawbacks and canceled contracts improve fiscal runway for a higher rate

• 2027 budget submission expected late Sept / early Oct

• Budget written at the old rate becomes obsolete if the rate moves after — creates a hard window

• Digital payment infrastructure and bank reintegration advancing

• Regional pressure has made banking + fiscal reforms non-optional

• Everything is aligning for the rate adjustment phase

Source(s):
• https://x.com/Ross_ptm/status/2091023597703983121

https://dinarchronicles.com/2026/08/22/ross-take-a-look-at-how-far-weve-come/

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

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

Jeff Question: "Do you think Trump is the one that has not given the green light?"  No, no, no, no.   Trump has already given the green light.  It is a scheduled rate change date.  Bankers prepared this.  Bankers drafted it.  Bankers  schedule everything.  That is what we're waiting for, a scheduled date.  Rate changes first and then zeros get removed...  

Boot-On-The-Ground Guru OmarThe CBI hasn't announced any new exchange rate or a timetable for lower denomination notes.  It is worth watching for official CBI statement and parliamentary actions.  Those are more reliable than media reports or political commentary.  At this stage of the monetary reform the most important signals that we're waiting for are going to come directly from the Central Bank of Iraq, from the board of directors.  That's the official statement we're waiting for.

Mnt Goat   Article:  “MINISTER OF COMMUNICATIONS:   THE DECISION TO REMOVE ZEROS AND CHANGE THE IRAQI CURRENCY HAS BEEN FINALIZED.” This is a WOW! WOW! WOW! article... We...know from talking to my CBI contact the urgency of the situation in getting this liquidity back into the banks.

Breaking: Iraq Disarmament & The $40 Trillion US Debt: What You Need to Know - IQD Update

Edu Matrix:  8-22-2026

What IQD Investors Can Do to Protect Themselves from U.S, Debt. The US national debt has reached $40 trillion, creating massive uncertainty for global markets. Understand how these financial risks connect to ongoing geopolitical tensions in the Middle East.

This analysis examines the intersection of the growing US debt crisis and the Iraq conflict's long-term impact. We break down the current state of fiscal policy and why international stability remains fragile.

This report is designed for viewers tracking how major economic shifts influence global affairs and investor sentiment. We review the latest data on gold prices as a barometer for market fear and assess the ongoing repercussions of disarmament efforts in Iraq.

By connecting these two critical narratives, you will get a clearer picture of the factors driving current market volatility and political instability.

https://www.youtube.com/watch?v=8WaVRLT7Mb0

Seeds of Wisdom RV and Economics Updates Sunday Morning 8-23-26

Good Morning Dinar Recaps,

When U.S. Debt Becomes a Global Market Problem: Bonds and the Dollar Send a New Warning

The United States has crossed the $40 trillion debt threshold at the same time that long-term Treasury yields have surged and the dollar has weakened. The combination is forcing investors to reconsider an assumption that has supported global finance for decades: that higher U.S. yields will automatically strengthen demand for both Treasuries and the dollar.

Overview

• U.S. national debt has surpassed $40 trillion, adding urgency to concerns about the cost of financing America's persistent deficits.

• The 30-year Treasury yield recently reached about 5.34%, its highest level since 2007, while Treasury has expanded its long-term bond buyback operations in an effort to support market liquidity.

• At the same time, the dollar has weakened despite elevated Treasury yields, creating an unusual combination that is drawing greater attention from global investors.

Key Developments

1. $40 trillion marks a new stage for U.S. debt

The U.S. national debt has now crossed $40 trillion for the first time.

The milestone itself does not mean a financial crisis is imminent. The United States continues to possess enormous economic capacity and the dollar remains the world's dominant reserve currency.

The concern is what happens when the debt burden continues growing while the government must refinance and issue enormous quantities of new securities.

The question increasingly becomes:

How much yield must the Treasury offer to keep attracting capital?

That question matters because even a relatively small increase in the average interest rate paid on government debt can eventually translate into hundreds of billions of dollars in additional annual interest expense.

Reuters reported that U.S. interest payments have already exceeded $1 trillion annually.

2. Long-term Treasury yields are sending a warning

The 30-year Treasury yield climbed to approximately 5.34% this week, the highest level since 2007.

This is particularly significant because long-term Treasury yields influence borrowing costs throughout the financial system.

Mortgages, corporate bonds, infrastructure financing and other long-duration assets are all affected by the Treasury benchmark.

Reuters described this week's move as part of a global bond-market selloff, with investors concerned about U.S. fiscal stability, inflation and the future direction of Federal Reserve policy.

The Treasury has responded by doubling the size of certain long-term bond buyback operations to at least $4 billion per operation.

That helped push yields lower temporarily, but the market subsequently regained some of the lost ground.

This distinction is important.

The Treasury can improve liquidity in the bond market. It cannot eliminate the underlying supply of government debt or the fiscal deficits creating that supply.

3. The dollar is behaving differently than traditional models would suggest

Under normal circumstances, higher U.S. interest rates can make dollar assets more attractive.

Investors earn more by holding Treasury securities, and demand for those securities can support the dollar.

But the current environment is producing a different signal.

Long-term yields are rising while the dollar is weakening.

MarketWatch reported that the dollar suffered a significant decline following Treasury's expanded buyback announcement, as investors questioned whether the intervention could address the deeper fiscal issues behind the bond-market pressure.

That doesn't mean investors have abandoned the dollar.

It does suggest that higher yields are no longer automatically being interpreted as a positive signal for the currency.

Instead, investors may increasingly be asking why yields are rising.

If yields rise because the economy is strong, that can be supportive for the dollar.

If yields rise because investors require greater compensation for inflation, fiscal deficits or debt-related risk, the currency response can be very different.

4. The Treasury market is becoming the transmission mechanism

This is where the story becomes much larger than the United States.

The Treasury market sits at the center of global finance.

It provides a benchmark for pricing everything from corporate debt to mortgages and is a major source of liquid assets for banks, funds and international investors.

The Brookings Institution describes the Treasury market as a critical channel for government financing, Federal Reserve policy and the global pricing of financial assets.

That means a sustained repricing of U.S. government debt doesn't stay confined to Washington.

It can flow into:

• Global interest rates

• Currency markets

• Stock valuations

• Emerging-market borrowing costs

• Real estate

• Commodity prices

• Sovereign debt markets around the world

In other words:

The Treasury market is one of the main transmission mechanisms through which U.S. fiscal problems can become global financial problems.

Why This Matters

For decades, the United States benefited from an extraordinary financial advantage.

The dollar was the world's dominant reserve currency, while Treasury securities were treated as among the safest and most liquid assets available.

That created a reinforcing cycle:

Global demand for Treasuries → demand for dollars → lower U.S. borrowing costs → continued Treasury issuance → continued global use of the dollar.

The system is still functioning.

But today's market action raises an important question:

What happens if investors begin demanding substantially more compensation to absorb additional U.S. debt?

That would represent a structural change even if the dollar remains the world's leading reserve currency.

Why It Matters to Foreign Currency Holders

This is especially important for foreign-currency holders because the value of a currency cannot be separated completely from the financial system supporting it.

The dollar remains extraordinarily important to international trade, banking and reserves.

But foreign investors are increasingly looking at total return rather than yield alone.

A Treasury yielding 5% may appear attractive.

But if the dollar declines significantly against another currency, the return for a foreign investor can be substantially reduced when converted back into that investor's home currency.

That means the relationship between Treasury yields and the dollar deserves close attention.

Higher U.S. yields are not automatically bullish for the dollar if investors believe those yields reflect rising fiscal or inflation risk.

Implications for the Global Financial Reset

• The repricing is happening inside the existing system.

There is no evidence that the dollar-based financial system is about to disappear overnight.

Instead, the system is being repriced through interest rates, debt costs, currencies and capital flows.

• Sovereign debt is becoming increasingly important to global financial stability.

The $40 trillion U.S. debt milestone comes at a time when many other major economies are also confronting elevated debt and borrowing requirements.

• The dollar-Treasury relationship is being tested.

The unusual combination of higher long-term yields and a weaker dollar deserves attention because it suggests that yield alone may no longer be enough to determine currency demand.

• Central banks face a narrower policy corridor.

If inflation remains elevated, cutting rates becomes more difficult.

But if governments must pay increasingly high rates to finance debt, keeping rates high becomes increasingly expensive.

That creates a difficult collision between monetary policy and fiscal sustainability.

• Alternative assets can benefit from uncertainty.

The same concerns surrounding debt, inflation and currency purchasing power can increase interest in gold and other assets that are not directly tied to government debt.

That does not mean every alternative asset will rise. It means the incentive to diversify can increase when confidence in traditional fixed-income assets is being reassessed.

What to Watch Next

1. Whether the 30-year Treasury yield remains around or above 5%.

2. Whether the Treasury expands its bond-buyback program again.

3. Whether the dollar continues weakening despite elevated U.S. yields.

4. What new Treasury issuance will look like over the coming quarters.

5. Federal Reserve Chairman Kevin Warsh's policy signals, particularly regarding inflation and long-term rates.

6. Whether foreign investors continue increasing or reducing their Treasury exposure.

7. Whether rising U.S. yields begin producing greater pressure in other sovereign bond markets.

Bottom Line

The important development is not simply that U.S. debt has reached $40 trillion.

It is the combination of three signals appearing at the same time:

–A record debt burden.

–Elevated long-term Treasury yields.

–A dollar that is not strengthening in proportion to those yields.

The United States still has enormous financial advantages, and the dollar remains the world's dominant reserve currency. This is not a prediction of imminent dollar collapse.

But the market is asking a different question than it did in the era of ultra-low interest rates.

How much does the United States have to pay to keep financing its debt—and what happens to the dollar if investors increasingly view that yield as compensation for risk rather than simply an attractive return?

That is the development worth watching.

The next stage of the global financial reset may not begin with the replacement of the dollar. It may begin with the gradual repricing of the debt, the bonds and the currency that have supported the existing financial system.

Seeds of Wisdom Team
Newshounds News

Sources

• Reuters — U.S. debt crosses $40 trillion threshold

• Reuters — “Morning Bid: Big, bad bond market”

~~~~~~~~~~

🌱 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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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Late Saturday Evening 8-22-26

A Crisis Of Confidence And A Cash Economy: Around 97 Trillion Iraqi Dinars Are Outside The Banking System

Shafaq News - Baghdad    Cash held outside the banking system constitutes one of the most prominent challenges facing the Iraqi economy, given the continued reliance of a large segment of citizens and merchants on cash transactions and keeping part of their money outside banks.

While money outside the banking system does not necessarily mean that it is entirely hoarded, its sheer size raises questions about the weakness of banking transactions and the ability of banks to attract savings and convert them into loans and financing for projects and investments.

This reality reopens the file on the relationship between citizens and banks, the reasons for the continued preference for cash, and the repercussions of a cash economy on the movement of money and economic activity, especially with the presence of dozens of banks operating in the country.  

Money Outside Banks

The Prime Minister's financial advisor, Mazhar Muhammad Saleh, told Shafaq News Agency that "the fact that some cash remains outside the banking system represents one of the challenges facing the Iraqi economy, given the limited benefit the banking sector derives from these funds in deposit and credit operations, and in financing projects and investments."

Saleh explains that “money hoarded in cash, whether by households or companies, remains outside the scope of financial intermediation, which limits the ability of banks to employ savings in financing economic activity, and increases reliance on cash and the informal economy, in addition to the high cost of cash transactions and weak financial transparency.”

He emphasizes that "the problem does not lie in the use of cash itself, but rather in its transformation into a means of hoarding savings instead of directing them through financial channels towards investment and production."

He points out that “returning these funds to the economic cycle requires building trust in banks and providing real incentives for saving, through developing savings products, offering competitive returns on deposits, enhancing depositor protection, improving banking services, reducing the cost and procedures for opening accounts and transfers, and expanding electronic payments, digital wallets, and points of sale.”

Saleh concludes that "the process should not stop at the transfer of money from homes to banks, but should move from deposits to credit, from credit to investment, and ultimately to production and job creation."  

The Amount Of Money Outside Banks

In contrast, financial expert and former Director General of the Central Bank, Mahmoud Dagher, offers a different interpretation of the nature of funds outside banks, stressing that they do not all represent hoarded funds.

Dagher told Shafaq News Agency that "the amount of cash issued is about 105 trillion dinars, of which about 8 trillion dinars are inside the banking system, while about 97 trillion dinars are outside it."

He explains that “about two-thirds of the money outside the banking system is used to settle cash payments between merchants, real estate sales and purchases, and pay salaries and wages, while hoarding may represent about a quarter of the money outside banks.”

Dagher links the continued reliance on cash to “insufficient trust in banks, along with prevailing customs in Iraqi society and the slow transition to electronic payment,” noting that “the transition to a broad electronic payment system requires a long period of time, with the continued development of banks and payment tools.”

The figures for monetary issuance highlight the importance of the discussion regarding the amount of money circulating outside banks. However, monetary issuance does not necessarily mean that the entire amount represents money hoarded by citizens, nor does its increase automatically mean the printing of new money.

According to Dagher's reading, the majority of money outside banks enters the market and settles cash payments, which makes distinguishing between circulating cash and hoarded money essential when assessing the size of the problem.

Cash Presence

Despite the presence of a large number of banks, cash transactions still occupy a large part of economic activity in Iraq.

The number of operating banks reached 72, including 7 government banks and 65 private banks. However, the large number of banks does not necessarily mean a high level of banking transactions, as the main challenge remains the extent to which citizens and companies use banks for saving, payment and financing.

The Central Bank is working to promote financial inclusion and expand the customer base of the banking system, in addition to expanding electronic payment methods and spreading financial literacy.

First Choice For Iraqis

Economic expert and professor of political science at Dhi Qar University, Najm Abdul Tarish, told Shafaq News Agency that "the continuation of the cash economy is linked to a set of overlapping factors, including weak confidence in banks, deeply rooted habits of dealing in cash, the expansion of the informal economy, as well as the limited use of electronic payment in some activities."

He adds that "the problem does not lie in the existence of cash within the economy, as it is a natural part of any financial system, but rather in cash becoming the primary means of settling transactions and holding savings, which reduces the money that passes through banks and limits their ability to create credit and finance economic activity."

Available data indicates that the number of payment cards in Iraq has exceeded 20 million, but their actual use is still less than their widespread use, while a number of cardholders primarily use the accounts to withdraw salaries rather than use them for daily purchases and payments.

Possible Solutions

Addressing the problem does not stop at returning the funds to the banks, as the ultimate goal is to bring them back into the economic cycle more efficiently.

When money is converted into deposits, it can give banks greater ability to provide credit, and when credit is converted into investment and productive projects, this can be reflected in growth, job creation, and increased economic activity.

Therefore, the challenge facing Iraq is not only the amount of money outside the banks, but also building a banking system that makes the citizen and the merchant find in the bank a safer, more useful and easier way than keeping money and dealing with it in cash.

Ultimately, the large amount of cash outside the banking system reveals the continued dependence of the Iraqi economy on cash transactions, at a time when the banking sector is seeking to increase its role in savings, credit, and financing the economy.

While Mazhar Muhammad Saleh believes that returning funds to the banking system requires restoring confidence and stimulating savings, Mahmoud Dagher points out that the largest portion of funds outside banks actually moves in the market and does not represent complete hoarding, while Najm Abdul Tarish links the continuation of the cash economy to weak confidence, prevailing habits, and the limited use of electronic payment.

The transition from a cash-based economy to one more reliant on banks and electronic payments remains linked to the banking sector’s ability to restore confidence, provide more efficient services, and transform funds from mere cash transactions into deposits, credit, investment, and production.

https://www.shafaq.com/ar/تقارير-وتحليلات/زمة-ثقة-واقتصاد-كاش-نحو-97-تريليون-دينار-عراقي-خارج-الجهاز-المصرفي

Exclusive: Parliament Hosts Finance Minister To Discuss The Financial Crisis And Solutions

Shafaq News - Baghdad   The First Deputy Speaker of the Iraqi Parliament, Adnan Faihan, revealed on Saturday that the Minister of Finance, Faleh Al-Sari, is expected to be hosted in Parliament to discuss the details of the financial crisis facing Iraq.

Faihan told Shafaq News Agency that "the Minister of Finance has requested to attend the House of Representatives, and the request to host him will be included on the agenda of one of the upcoming sessions, with the date of the hosting to be determined in the coming days," indicating that "the Minister wants to explain the details of the financial crisis and the expected solutions to address it."

He added that "the borrowing law will be included on the agenda of one of the upcoming sessions for its first reading."

Finance Minister Faleh al-Sari confirmed the existence of a real financial deficit that is hindering the completion of salary payments for employees, retirees and social welfare beneficiaries, noting that the total monthly obligations for salaries amount to about 7 trillion and 800 billion dinars.

For his part, Iraqi government spokesman Haider al-Aboudi confirmed that Iraq is facing "severe" financial challenges, noting that the government needs about 10.8 trillion dinars monthly to cover employee salaries and public expenditures, while the country's oil revenues do not exceed 2.5 trillion dinars.

It is worth noting that Prime Minister Ali Faleh al-Zaidi reassured employees and retirees on Friday that monthly salaries and government payments would be fully secured, while emphasizing that Iraq is going through "difficult and challenging" circumstances due to regional developments and the disruption of oil exports through the Strait of Hormuz.

https://www.shafaq.com/ar/سیاسة/خاص-البرلمان-يستضيف-وزير-المالية-لبحث-ال-زمة-المالية-والحلول

"The New Dinar Alone Is Not Enough," Says Ziad Al-Hashemi: Changing The Currency Without Institutions Capable Of Tracking Suspicious Funds Could Lead To Costly Reforms.

Baghdad - One News   The debate over changing the Iraqi currency and removing zeros has reopened a broader issue than just the shape of the dinar or its nominal value, after economist Ziad al-Hashemi considered that the project, if presented within an integrated vision, could turn from a monetary and accounting procedure into a tool to restore part of the government’s control over the money supply and contain the funds accumulated outside the official financial system.

Al-Hashemi said in a post on the “X” platform that the conflicting statements regarding the issue, between talk of a trend to change the currency and political confirmations in this direction, versus the denial of the existence of a plan to implement it, have put the public in a state of ambiguity, coinciding with rising prices and the sensitivity of any talk related to the future of the dinar.

He believed that this contradiction opens the possibility that raising the issue was a "trial balloon" to gauge public opinion before any decision was made, or an early attempt to create a popular stance against the idea and block it before it moves to the implementation stage.

Al-Hashemi explained that changing the currency is not a simple technical decision that can be implemented in isolation from the political and economic environment, but rather a process that requires extensive financial, banking and institutional requirements, and may encounter political obstacles capable of disrupting the project even if its economic justifications are available.

He pointed out that concerns about prices, inflation, and implementation costs remain real and cannot be ignored, stressing that removing zeros alone does not create economic reform unless it is linked to production, development, and the development of the banking system.

But Al-Hashemi stressed the need to separate the change of currency with the aim of simplifying accounting figures and transactions, from its use within a broader project aimed at readjusting the movement of money, tightening the noose on corruption funds, and regaining control over as much as possible of the monetary mass issued and circulating outside the official system.

According to his view, currency replacement may force large amounts of cash stored outside banks to return to exchange channels, giving institutions a greater opportunity to scrutinize the movement of funds, provided they have the necessary legal and regulatory tools to deal with suspicious funds.

Al-Hashemi believes that the unique nature of the Iraqi economy makes assessing reforms solely from the perspective of their direct costs insufficient, as some measures may impose short-term negative effects in exchange for longer-term strategic gains related to reorganizing the economy and reducing the influence of corruption networks.

He stressed that the real test of the project will not be in the design of the new dinar or the number of zeros removed, but rather in the government’s ability to turn the replacement process into an opportunity to reorganize the monetary mass, uncover funds outside the official cycle, and curb illicit funds.

Al-Hashemi concluded that the project's success remains contingent on the existence of a government and institutions possessing the will and ability to confront corruption, while changing the currency without these requirements could impose a heavy cost on the economy without achieving genuine reform. https://1news-iq.net/الدينار-الجديد-وحده-لا-يكفي-زياد-اله/

Reset Intelligence: Iran’s Banker Confirms the Oil Money is at Zero

Reset Intelligence: Iran’s Banker Confirms the Oil Money is at Zero

8-22-2026

Iraq’s Militias Lose Their Paymaster

By Reset Intelligence | @EXIT_FIAT

Iran’s central bank governor went on his own state television this week and said the words out loud: oil exports have stopped, and Tehran cannot reach its own reserves.

Every armed faction in Iraq that still refuses to hand its weapons to the state has run for 2 decades on that money. The payroll behind the weapons just lost its bank.

The Confession

Abdolnaser Hemmati runs the Central Bank of Iran. Days after sitting in Baghdad asking after billions in trapped Iranian funds, he told state media that oil exports have fallen to zero and that Iran cannot access its own financial resources. Ship-tracking data backs him: Iranian crude through the strait collapsed 97 percent between late June and mid August.

What Moved in Iraq the Same Week

• The weapons file – Iraqi forces seized 49 drones and shut 71 f**e offices trading on the Popular Mobilization name. A counter-terror unit detained a faction intelligence chief in Dhi Qar under a judicial warrant.

• The holdouts blink – Kataib Hezbollah published a list of conditions for putting its weapons under the state. A faction that publishes terms is negotiating. And Tehran itself publicly backed Iraq’s plan to regulate faction weapons.

• The revenue rail – the Council of Ministers approved crude exports through alternative routes, contracts effective September 1, with loading stations rebuilt toward 300,000 barrels per day.

• The budget – the Kurdistan Region finalized and filed its share of the 2027 federal budget, the paper that has to carry the dinar’s next number.

• Washington – Treasury designated a Hizballah bulk-cash courier network, and Secretary Bessent holds a Monday press conference to detail what he calls the toughest sanctions in history.

Every question about the dinar has always led back to the weapons. This week the men holding them started asking what handing them over pays.

That is the short version, and it is all public record. What it means for the dinar, the order these pieces land in, and what to watch next week – that is the daily work, and it is in the full briefing.

Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com

Want it straight from the horse’s mouth? The CBI Rate Alert pings you the moment the Central Bank of Iraq moves the official rate. The number itself, not a rumour about it. It comes with our free resource library and the daily breakdown of what is actually moving in Iraq. Sign up free: resetintelligence.com/rate-alert

The longer story of how the region got here is in the book: Head of the Snake. The free guides and scenario reports live in the Resource Library.

Follow the daily intel free: Telegram · Facebook · Spotify · Odysee

https://dinarchronicles.com/2026/08/22/reset-intelligence-irans-banker-confirms-the-oil-money-is-at-zero/

‍Iraq Currency Update: Why September 15th Could Be a Significant Date | Jon Dowling

‍Iraq Currency Update: Why September 15th Could Be a Significant Date | Jon Dowling

8-21-2026

The intersection of geopolitical developments and global financial markets continues to present a complex landscape for investors, policy analysts, and market observers alike.

Recent reports highlight a pivotal moment marked by structural economic changes in the Middle East, major regulatory shifts in digital assets, and significant movements across precious metals and energy markets. Understanding these interwoven dynamics is essential for navigating the broader global economic landscape.

This comprehensive overview explores the latest updates regarding Iraq’s fiscal milestones, international security initiatives, emerging cryptocurrency regulations, Federal Reserve monetary policy, and the resilient rally in commodities.

A major milestone in Middle Eastern economic stabilization has been reached with the Kurdistan Regional Government (KRG) Finance Ministry officially submitting its 2027 budget proposal to Baghdad. This step demonstrates an ongoing commitment toward administrative cooperation and long-term fiscal planning. The submission reflects a shared desire to establish financial clarity and foster an environment conducive to sustained regional development.

However, full economic normalization remains dependent on several critical pieces of pending legislation. Key parameters, including finalized official currency exchange rates and the long-awaited national oil and gas law, remain under active negotiation.

Finalizing these legal frameworks is vital for establishing transparent revenue-sharing mechanisms and attracting long-term foreign investment into the region’s energy sector.

Alongside fiscal developments, strategic security operations across Iraq are undergoing a notable shift. International partners, including specialized units such as U.S. Delta Forces and French military detachments, are strengthening coordinate efforts with Iraqi counterterrorism forces. These joint operations focus on neutralizing militia influences, reinforcing state sovereignty, and maintaining stability for key government leadership, including Prime Minister Al-Zaidi.

This enhanced international cooperation points toward a decisive timeline aimed at establishing broader security benchmarks ahead of mid-September. By addressing non-state armed elements and safeguarding civil institutions, these efforts aim to build a secure environment capable of supporting systemic economic reforms and rebuilding infrastructure.

The broader geopolitical environment across the Middle East reflects complex strategic maneuvering. Recent economic sanctions and diplomatic policy adjustments targeted at regional actors aim to redefine balance-of-power dynamics. These strategic measures serve to protect trade corridors, counter destabilizing influences, and foster stronger bilateral relationships among key regional partners, including Saudi Arabia.

As state actors recalibrate their foreign policies, the focus remains on minimizing disruptions to global supply chains and stabilizing regional energy production. The broader goal of these diplomatic and economic policies is to pave the way for sustainable economic integration across the Middle East while curbing proxy activities that threaten commercial transit and civic stability.

In the financial technology sector, regulatory frameworks surrounding digital assets appear to be reaching a pivotal moment. Recent engagements between policy leaders and industry executives—such as Ripple CEO Brad Garlinghouse’s participation in high-level White House discussions—signal a growing institutional openness toward formalizing crypto regulations.

Much of this momentum aligns with the anticipated progress of regulatory initiatives like the Clarity Act. Expected policy decisions scheduled around mid-September could provide much-needed legal certainty for digital asset platforms, institutional investors, and blockchain enterprises. A clear regulatory mandate will likely reshape market sentiment, encouraging compliant financial innovation while establishing safeguards for mainstream capital adoption.

Turning to central bank policy, global markets are closely watching upcoming decisions by the Federal Reserve. Despite mixed signals regarding inflation moderation and softening employment metrics, expectations point toward potential interest rate adjustments. Analysts suggest that these policy choices reflect a delicate balancing act designed to manage inflation perceptions while supporting underlying labor market realities.

The anticipated shift in interest rate policy carries significant implications for market confidence. As borrowing costs adjust, yields across sovereign debt markets and equity valuations will need to recalibrate, directly impacting international currency movements and corporate financing strategies heading into the final quarters of the year.

Commodity markets are demonstrating robust momentum, characterized by significant rallies in precious metals like gold and silver, alongside steady performance in crude oil. Silver and gold have tested critical resistance levels, breaking past previous price caps and signaling a potential shift in broader market sentiment. Concurrently, a weakening U.S. Dollar Index (DXY) continues to provide a strong tailwind for hard assets.

These commodity price movements often act as a harbinger of wider macroeconomic adjustments. As physical assets draw renewed capital inflows, equities and real estate sectors may experience heightened volatility, prompting portfolio managers to reallocate resources toward inflation-hedging instruments and tangible store-of-value assets.

Beyond market mechanics and economic metrics, broader reflections highlight the importance of aligning financial practices with personal values and ethical principles. Navigating volatile economic cycles requires more than monitoring ticker symbols; it calls for a clear understanding of long-term priorities, stewardship, and personal integrity.

True economic security is built on foundational values that transcend paper wealth or speculative digital assets. Maintaining balanced priorities, supporting community resilience, and practicing prudent management remain timeless principles for weathering complex global transitions.

https://www.youtube.com/watch?v=PJu1zply4IE

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 8-22-26

Good Afternoon Dinar Recaps,

Oil Is Forcing Central Banks Back Toward Tightening: The Global Inflation-Debt Collision

The Iran conflict is creating a new problem for policymakers: oil and energy costs are pushing inflation higher at the same time that governments are already carrying heavy debt loads. For the global financial system, the question is becoming whether central banks can fight inflation without making sovereign debt and economic growth problems worse.

Overview

• Oil-driven inflation is changing expectations for central-bank policy, particularly in Europe, where markets are increasingly pricing a more hawkish ECB.

• The Iran conflict has transformed energy prices into a monetary-policy issue, with higher oil and critically low European gas inventories threatening to keep inflation elevated.

• At the same time, governments face rising borrowing costs and heavy debt burdens, creating a collision between inflation control and debt sustainability.

Key Developments

1. The ECB is being pushed toward a more hawkish position

Markets are increasingly preparing for the possibility that the European Central Bank will need to raise interest rates again as the energy shock from the Iran conflict works its way through the European economy.

Reuters reported Friday that traders are now pricing the ECB's deposit rate at nearly 3% by late 2027, a significant change from expectations only weeks earlier. Higher oil prices, tight refined-fuel supplies and extremely low European natural-gas inventories are all increasing the risk that energy inflation persists into the winter.

That matters because Europe was already dealing with a difficult growth environment.

The ECB is therefore facing the classic central-bank dilemma:

Raise rates to suppress inflation → risk weakening growth and increasing debt-service costs.

Hold rates down → risk allowing an energy shock to become embedded in broader inflation.

2. Oil has become a monetary-policy problem

The original shock came from the geopolitical conflict.

But the financial consequences extend far beyond the oil market.

Higher crude prices raise transportation and production costs, which can eventually feed into food, manufactured goods, services and consumer prices.

The ECB has already acknowledged that the energy shock from the Middle East conflict has altered its inflation outlook. Its June projections raised the 2026 inflation forecast because higher energy prices were expected to feed through into other areas of the economy.

This is particularly important because central banks cannot produce more oil with higher interest rates.

They can only attempt to reduce demand enough to prevent the temporary energy shock from becoming a persistent inflation cycle.

That makes this a fundamentally different inflation problem from one driven primarily by excessive domestic demand.

3. The Fed faces a different version of the same problem

The Federal Reserve has somewhat more room than the ECB because U.S. inflation has recently shown signs of easing.

But inflation remains above the Fed's 2% target, while the labor market has weakened.

Reuters reported last week that the combination of cooling inflation and a softer labor market could make it more difficult for Fed policymakers to justify additional tightening, even though inflation remains elevated.

That puts the Fed in a difficult position if oil rises again.

If the central bank responds aggressively to an energy-driven inflation increase, it could further weaken employment and economic activity.

If it ignores the inflation shock, expectations could become less firmly anchored.

The Fed therefore has to distinguish between inflation it can control and inflation it can only react to indirectly.

4. Debt makes the inflation problem much more dangerous

This is where the story becomes particularly important for the global financial reset.

Governments around the world have accumulated enormous amounts of debt.

Higher interest rates mean that refinancing that debt becomes increasingly expensive.

That creates a three-way collision:

Oil rises → inflation rises → central banks keep rates higher → government debt becomes more expensive to finance.

The bond market then becomes the transmission mechanism.

Higher sovereign yields increase government interest costs while simultaneously raising borrowing costs throughout the economy.

Recent pressure in global bond markets has already demonstrated how difficult it can be for governments to keep long-term borrowing costs contained when investors demand greater compensation for inflation and fiscal risk.

Why This Matters

The significance of today's story isn't simply whether the ECB or Fed raises rates.

It is the interaction between energy, inflation, interest rates and sovereign debt.

For years, central banks could respond to economic weakness with lower interest rates and governments could borrow relatively cheaply.

The current environment is different.

If oil remains elevated, central banks may have less freedom to cut rates, even when economic growth is slowing.

That creates the possibility of a more difficult economic environment:

Higher inflation + slower growth + higher debt costs.

That is the combination policymakers most want to avoid.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, this is an important development because interest-rate differentials are one of the major forces behind currency movements.

If the ECB becomes more hawkish while expectations for the Fed remain relatively restrained, the euro could receive additional support against the dollar.

But the broader currency impact depends on what happens to energy prices and economic growth.

Energy-importing countries can experience a particularly difficult trade-off:

Higher oil prices increase the cost of imports while tighter monetary policy raises domestic borrowing costs.

That can put pressure on currencies even when their central banks are raising rates.

This is why the next phase of currency markets may be driven less by simple interest-rate comparisons and more by which economies can absorb the energy shock without destabilizing their debt markets.

Implications for the Global Financial Reset

• Energy is becoming part of monetary policy.

The Iran conflict demonstrates how a geopolitical event can move directly from oil markets into central-bank decisions.

• Sovereign debt is becoming increasingly sensitive to inflation.

If inflation remains elevated, investors may demand higher yields. That increases government financing costs precisely when debt burdens are already high.

• Central banks are losing some of their policy flexibility.

A central bank can cut rates to support growth, or raise them to fight inflation—but an oil shock can require the economy to deal with both problems simultaneously.

• The global financial system is becoming more fragmented around energy and monetary policy.

Oil-importing and oil-exporting nations experience the same shock very differently. That can produce divergent interest-rate policies, currency movements and capital flows.

• The reset is increasingly about repricing rather than replacement.

There is still no evidence of a single event that will suddenly replace the dollar-based financial system.

Instead, the architecture is being repriced through bonds, currencies, commodities, interest rates and reserve management.

That gradual repricing may ultimately be more important than a dramatic one-day reset.

What to Watch Next

1. Oil prices and developments surrounding the Strait of Hormuz.

2. Whether higher energy costs begin appearing more clearly in European inflation data.

3. ECB signals regarding additional rate increases.

4. Federal Reserve commentary on whether inflation or employment represents the greater policy risk.

5. European natural-gas inventories heading into winter.

6. Long-term government bond yields in the U.S. and Europe.

7. Whether emerging-market central banks are forced to follow the major central banks rather than pursue independent easing.

Bottom Line

The global financial system is entering a more complicated monetary environment.

Oil is no longer simply an energy-market story. It is becoming an interest-rate story, a bond-market story and ultimately a debt story.

The ECB is already being pushed toward a more hawkish stance as traders assess the possibility of prolonged energy inflation, while the Fed faces the opposite problem of balancing still-elevated inflation against a softer labor market.

And underneath both decisions sits the same structural problem:

Governments have accumulated enormous debt, making prolonged high interest rates increasingly expensive.

That is why the interaction between oil, central banks and sovereign debt deserves close attention.

The next major move in the global financial reset may not come from a central bank announcement—it may come from the collision between energy prices, inflation and the cost of financing the world's debt.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — Traders are bracing for an increasingly hawkish ECB

• Reuters — Cooler inflation data may force Warsh's divided Fed to hold the line on rates

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