Wed. Iraq News Posted by Tishwash at TNT 9-9-2026

TNT:

Tishwash:  With an increase of one ton, Iraq strengthens its gold reserves and continues its global progress.

Data from the World Gold Council for August 2026 showed that Iraq maintained its position among the world's largest gold holders, with an increase in its holdings compared to its last data.

According to data seen by Shafaq News Agency, Iraq’s gold reserves amounted to 175.6 tons, ranking it 28th globally, with gold constituting about 24.8% of its total reserves. The latest data for Iraq dates back to May 2026.

Compared to previous data, Iraq’s holdings increased from 174.6 tons to 175.6 tons, an increase of one ton.

Iraq comes in third place in the Arab world in terms of gold holdings, after Saudi Arabia, which has 323.1 tons, and Algeria, with 173.6 tons.

Globally, the United States topped the list with reserves of 8,133.5 tons, followed by Germany with 3,349.5 tons, then the International Monetary Fund with 2,814 tons, Italy with 2,451.8 tons, and France with 2,437 tons.  link'

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Tishwash:  Baghdad and Erbil on the table for a decisive meeting... Kurdistan delegation aims to resolve the oil, salaries, and budget issues by 2027

On Tuesday (September 8, 2026), Wafa Muhammad Karim, a member of the Kurdistan Democratic Party, revealed details of a visit by a high-level delegation from the Kurdistan Regional Government to Baghdad, indicating that the visit aimed to hold comprehensive talks to resolve the issues of the budget, oil, and salaries.

Karim told Baghdad Today that the delegation will primarily discuss reaching understandings regarding the 2027 federal general budget law, securing financial allocations for the salaries of the region's employees, as well as Kurdistan's share of investment projects and the operational budget. 

He explained that the talks will also address the draft oil and gas law and the outstanding issues between the two sides, stressing that "the goal is to move from the stage of managing disputes to finding legal, technical and sustainable solutions under the umbrella of the constitution."

Karim added that the regional government views the 2027 budget discussions as a real opportunity to address the accumulated issues in order to prevent a recurrence of financial crises, indicating that the delegation seeks to bring viewpoints closer and reach practical agreements that guarantee the stability of the financial and oil relationship between Baghdad and Erbil  link

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Tishwash:  After two decades of stagnation, the oil and gas law has a chance to be resolved.

 Parliamentary assurances to proceed with the enactment of the oil and gas law during the current session have clearly expanded, coinciding with the inclusion of the file among the priorities of the legislative and executive authorities, and the existence of serious political intentions to end the disputes that have hindered its legislation since 2007, thus opening the door to regulating the management of oil wealth, defining powers and obligations, and controlling production, sale, and export operations.

These assurances come after the “Coalition for State Administration,” during its last meeting, stressed the need to discuss a draft version of the Oil and Gas Law in preparation for sending it to the House of Representatives, in a step that brings the law back to the forefront of legislative work after years of disruption, amid hopes that its approval will contribute to addressing the existing problems between the federal government, the Kurdistan Region and the producing governorates, and end the multiplicity of interpretations in managing the oil sector.

Parliamentary efforts

Zainab Al-Tamimi, a member of the Parliamentary Oil, Gas and Natural Resources Committee, told Al-Sabah: “The Speaker of Parliament, the head of the committee and its members give great importance to the oil and gas law,” indicating that “the previous session witnessed serious work to finalize the law, but it did not reach the expected result.”

She added that “the representatives of the current session, especially the representatives of Basra Governorate, emphasize the need to finalize the law during this session,” noting that there are “real and serious intentions to proceed with its legislation, as the law topped the list of the main topics discussed by the Oil and Gas Committee during its meetings.”

Al-Tamimi expressed her hope that “the law will see the light during the current session,” stressing that it “will address a number of obstacles and problems facing the oil sector, and provide a clear legal framework to regulate its work in general.”

Two decades of disruption

For his part, committee member MP Banas Al-Douski told Al-Sabah: “The oil and gas law should have been discussed and legislated since 2007, due to its importance in defining the rights, duties, obligations and general powers in the oil sector.”

He explained that "the Iraqi oil sector is facing a state of stagnation due to the absence of a federal law regulating its work, at a time when the old frameworks are no longer able to keep pace with the developments witnessed by the sector," noting that "the continued absence of the law has contributed to the exacerbation of a number of failures." 

"And the existing problems." Al-Douski stressed that "the current stage requires a genuine political will to enact the law, now that Iraq needs a federal framework that regulates the management of oil wealth and oil sales and export operations, and clearly defines the responsibilities and powers of the concerned parties."

Adel Al-Mahalawi, a member of the “Progress” bloc, had previously confirmed to Al-Sabah that there was a political agreement among the majority of blocs to proceed with the oil and gas law and put it on the table of the House of Representatives, as it is one of the most prominent economic legislations related to managing national wealth and regulating the relationship between the federal government and the producing governorates.

Al-Mahalawi pointed to “Prime Minister Ali Al-Zaidi’s readiness to cooperate with the House of Representatives in finalizing important legislation,” explaining that “the Oil and Gas Law is at the forefront of the package of economic and service laws that are expected to be worked on in coordination between the two authorities, given its importance in expanding the role of the governorates, regulating powers, and ending the disputes that have delayed its approval throughout the past years.”

Expert opinions

Economic expert Dr. Nabil Al-Abadi told Al-Sabah newspaper: “The oil and gas law is not just a passing piece of legislation, but rather the cornerstone for restructuring the Iraqi economy, which depends on oil revenues for up to 90% of its income.” He explained that “the obstruction of this law for years, since 2005, due to political disputes and the prioritization of narrow interests, has cost the public treasury enormous losses and kept the country in a state of…” 

“From financial instability.” He explained that “the enactment of this law will establish a clear and transparent legal framework to regulate the management of national wealth, which will enhance the confidence of international investors and open the door to major investment inflows that will increase production and boost the flow of hard currency to the Central Bank, directly supporting the dinar’s exchange rate.” He emphasized that “this law will end the state of conflicting constitutional interpretations and reliance on temporary understandings, and will establish fair mechanisms for distributing revenues between the federal government and the producing regions and governorates, thus preventing the duplication of oil policies and protecting the unity of national wealth.” Regarding the contentious clauses, Al-Abadi believes that “the optimal solution lies in adopting a consensus-based formulation that guarantees the producing governorates greater autonomy in managing their affairs, while the sovereign decision regarding contracting and marketing remains unified with the federal government.” 

Al-Abadi added, “Continuing to obstruct this law is not a strategic choice, but rather a sacrifice of Iraq’s future for immediate political gains. It is time for political forces to overcome their differences and put the national interest above all else, as passing this law is the true gateway to economic reform and financial stability.”

Essential step

Hadi Hindas, a member of the Baghdad Economic Forum, told Al-Sabah newspaper, “Enacting the oil and gas law is a fundamental step towards regulating the Iraqi oil sector and enhancing Iraq’s ability to manage one of its most important resources according to a clear and sustainable vision.”

Hindas explained that “Iraq possesses significant oil reserves, but the current stage requires a comprehensive legal framework that clearly defines the powers and responsibilities of the entities involved in managing the oil sector and regulates the relationship between the federal government and the governments of the producing regions and governorates, thus ensuring the protection of national wealth and achieving fairness in the distribution of financial revenues.”

He added that “the oil and gas law not only addresses existing administrative and legal issues but also plays a crucial role in strengthening the investment environment, as it provides investors and international companies with a clearer and more stable vision regarding the mechanisms for operating and investing in the oil and gas sector.”

He pointed out that “the legislation contributes to laying the strategic foundations for managing oil fields, investing in associated gas, and developing infrastructure, as well as regulating production and export plans in line with Iraq’s need to increase its resources and diversify its energy sources.”

Hindas noted that “the importance of the law lies in its ability to unify the national vision for managing the oil sector, moving away from multiple interpretations, and enhancing transparency and efficiency in revenue management. Enacting the oil and gas law has become a national and economic necessity, given its direct role in regulating this vital sector, ensuring the sustainability of its resources for future generations, and supporting the economy.” The Iraqi in general.

Doubling production

For his part, Dr. Sadiq Al-Rikabi, Director of Economic Research at the Global Center for Development Studies in the United Kingdom, stressed the importance of passing the federal oil and gas law for Iraq and the national economy, especially in light of the current circumstances, indicating that Iraq needs to double its oil production to higher levels to absorb the shock of declining revenues and compensate for it in the future.

Al-Rikabi explained that increasing production requires, first and foremost, a stable and clear legislative environment, which can be provided by the Oil and Gas Law through the creation of a legal and institutional framework that regulates the management of the sector and contributes to ending the disputes between Baghdad and Erbil, thus enabling an increase in oil wealth and the exploitation and management of oil and gas fields, as well as defining the responsibilities of each party and putting an end to the disputes related to some constitutional articles and financial disputes that have contributed to disrupting the movement of production and the work of companies.

Al-Rikabi pointed out that the repercussions of the disputes witnessed in the past period were reflected in the investment environment, and led some companies to avoid going to the Kurdistan Region or increasing their investments in it, stressing that the absence of legislation increases investment risks, especially for foreign companies that are looking for a stable environment with clear laws, in which contracts are strongly protected by law and decisions are more stable.

He added that the enactment of the oil and gas law would encourage global energy companies to increase their investments, whether in developing existing fields or exploring new fields, which would contribute to raising Iraq’s production capacity, which would reflect on financial stability, support the federal budget and increase its revenues, as well as enhance the national economy’s ability to cope with energy price fluctuations and political tensions.

Al-Rikabi pointed out that the existence of a clear legal framework for oil and gas can also reflect on internal political stability, by regulating the relationship between the federal government and the Kurdistan Region, and contributing to addressing many of the problems related to the region’s oil revenues, which have been a frequent cause of disputes related to the budget, its formulation, the obligations incurred by the region, and the demands of the federal government.

He concluded by saying that passing the law would represent an important step towards developing the oil and gas sector, attracting more investments to it, and increasing its production capacities, which would contribute to achieving greater political and economic stability in the country.

Legal perspective

In a related context, lawyer Talib al-Ziyadi told Al-Sabah newspaper, “The oil and gas law embodies the people’s ownership of their national resources, as affirmed by Article 111 of the Iraqi Constitution, the supreme law of the land, which stipulates that oil and gas belong to the Iraqi people in all regions and governorates.” He added, “The enactment of this law establishes a mechanism for distributing a portion of the profits generated from crude oil sales to several funds, including the Citizen’s Fund and the Reconstruction Fund, among others. It also regulates how this national wealth is held by the state and under the control of the federal government, ensuring that its revenues are distributed fairly and equitably, in proportion to the population distribution throughout the country, as indicated in Article 112 of the Iraqi Constitution.” Al-Ziyadi explained that “since the fall of the previous regime in 2003 until now, there has been injustice and unfairness inflicted on some of the oil and gas producing governorates,” noting that “the Kurdistan Region monopolizes the largest share of oil exports, in addition to receiving a share of the budget like the rest of the governorates, while Basra and other oil-producing governorates produce a large percentage of the oil and gas in Iraq,” as he put it.

He stressed that “the enactment of the law will place the management of this wealth exclusively in the hands of the federal government, and will ensure that its revenues are distributed fairly and equitably according to the population census.”  link

Tishwash:  Special statement from the Central Bank regarding Al-Taif Bank deposits

 Based on the responsibility of the Central Bank of Iraq to protect the banking sector and enhance its safety and stability, the bank affirms that the rights of depositors of Al-Taif Islamic Bank are preserved, and that imposing guardianship on the bank is a preventive supervisory measure aimed at protecting depositors’ funds, preserving their rights, and ensuring the stability and continuity of banking operations in accordance with applicable regulations and instructions.

The Central Bank of Iraq, in coordination with the appointed guardian of the bank, is working to take the necessary measures to enhance its liquidity and regulate withdrawal operations and fulfill its financial obligations in a gradual and organized manner, in a way that ensures the management of these operations in accordance with the approved supervisory priorities, while giving priority to the salaries of employees deposited with the bank.

The Central Bank of Iraq assures depositors that the measures taken are within its supervisory responsibility aimed at protecting their rights and enhancing confidence in the banking sector.

The bank also calls on the public and the media to rely exclusively on data and information issued by it through its official channels, and to avoid circulating unreliable news or information.

Baghdad - Media Office

September 8, 2026  link

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Tishwash:  The Central Bank sends a message to depositors of Al-Taif Bank: Withdrawals will be gradual and organized.

On Tuesday, the Central Bank of Iraq reassured depositors of Al-Taif Islamic Bank that their financial rights are protected, stressing that imposing guardianship on the bank comes within supervisory and preventive measures aimed at protecting depositors’ funds.

The Central Bank stated in a statement received by Shafaq News Agency that "the rights of depositors of Al-Taif Islamic Bank are preserved," explaining that "imposing guardianship on the bank is a preventive supervisory measure aimed at protecting depositors' funds and preserving their rights, and ensuring the stability and continuity of banking operations in accordance with applicable regulations and instructions."

He added that "the bank is working in coordination with the appointed trustee to take the necessary measures to enhance its liquidity and regulate withdrawal operations and fulfill its financial obligations in a gradual and organized manner, in a way that ensures these operations are managed in accordance with the approved supervisory priorities."

He pointed out that the procedures will prioritize the salaries of employees whose accounts are held at the bank, within a plan to regulate withdrawal operations and fulfill financial obligations, stressing that the measures taken come within the framework of his supervisory responsibility aimed at protecting the rights of depositors and enhancing confidence in the banking sector.

It is worth noting that Al-Taif Islamic Bank announced last Sunday that it would soon hand over the funds of its depositors, after the Central Bank of Iraq began taking over its administration.

A number of depositors demonstrated in front of Al-Taif Islamic Bank in the Karrada district of Baghdad on Sunday to protest the freezing of banking services and the suspension of withdrawal and deposit operations, following measures taken by the Central Bank of Iraq against the bank.

The Central Bank of Iraq had decided to place Al-Taif Islamic Bank for Investment and Finance under guardianship for 18 months, due to violations that it said affected the bank's financial position and depositors' funds.

 The Central Bank confirmed later yesterday that imposing guardianship does not mean the bank is bankrupt, but rather comes within precautionary supervisory measures aimed at protecting the rights of depositors, noting that depositors’ funds are protected under applicable laws and regulations.  link

‍Reset Intelligence: Smaller Notes Only mean One Thing

‍Reset Intelligence: Smaller Notes Only mean One Thing

9-8-2026

Smaller Notes Only Mean One Thing

By Reset Intelligence | @EXIT_FIAT

Iraq’s Parliamentary Finance Committee says it intends to issue banknotes smaller than the 250 dinar note. At today’s official rate, that note is worth about 19 US cents.

No state prints paper that costs more to make than it is worth. It prints small change for a currency it expects to be worth far more.

The Room It Came Out Of

The small-note line did not come from a rumor mill. It came out of the Finance Committee’s weekend sitting with the Governor of the Central Bank, Nizar Nasir Hussein. In that same sitting, the Governor split a number he has never split in public before: Iraq has issued 107 trillion dinars, and only about 40 trillion of it circulates. The rest, some 67 trillion, sits outside the banking system where the state cannot see it.

Then he connected the two. Changing the currency, he said, will help determine the real money supply in circulation. The changeover is the instrument that finds the hidden money. And he drew a line the community keeps missing: changing the currency is the bank’s own authority. Only deleting the zeros needs parliament.

The Weekend Around It

• The rate rumor killed – the CBI publicly rejected claims of a move to 1,460 and confirmed the official rate unchanged at 1,310

• Exchange counters closed – money changers shut at Baghdad airport, 3 more licenses revoked

• The state banks opened – the Integrity Commission began a full audit of Rafidain and Rasheed, the 2 largest state banks

• The 2027 budget entered drafting – the document that records the dinar’s value, first complete budget since 2023, Council of Ministers by September 15

• The penny mirror – America killed its own smallest coin after 230 years because it cost more to make than it was worth; Iraq is running the same arithmetic in reverse

That is the short version. The full daily briefing connects the note to the count, the counters, the budget and the September 30 file, and lays out what it means for anyone holding dinar.

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

https://dinarchronicles.com/2026/09/07/reset-intelligence-smaller-notes-only-mean-one-thing/

‍BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland

‍BREAKING: Gold Can't Be Confiscated In This State Now | Patrick Holland

Liberty and Finance:  9-7-2026

Missouri has enacted a sweeping Constitutional Money Actthat gives gold and silver legal-tender status.

The law also provides protections against state-assisted confiscation, allows employers and employees to agree to compensation in gold and silver, and requires the state to accept certain electronic gold and silver transfers for taxes and services.

Patrick Holland of the Missouri Freedom Initiative explains how grassroots pressure helped overcome political obstacles and why he believes Missouri’s framework could serve as a model for other states.

He also discusses the emerging infrastructure for everyday gold and silver transactions, potential counterfeiting and fraud risks, and why he believes private-market solutions are preferable to state regulation.

Holland urges citizens in other states to study Missouri’s law and work with their own legislators to pursue similar sound-money legislation.

INTERVIEW TIMELINE:

0:00 Intro

1:00 Gold & silver legal tender bill

28:30 Gold & silver counterfeits

33:00 Capital gains on metals

34:30 Missouri Freedom Initiative

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

‍Ariel: The Current Operational Assessment for Iraq

‍Ariel: The Current Operational Assessment for Iraq

9-8-2026

Iraq: The Current Operational Assessment (And Other News)

The Sequence Problem, the September Squeeze, and Why the Clarity Act Is the Real Timer

Let me tell you what nobody’s connecting, because everyone’s staring at the budget like it’s the fuse when it’s actually the firecracker that gets thrown ‘after’ the match is lit.

A redenomination budget drafted in old currency that takes six weeks to ratify is worthless paper. You cannot write a 2027 budget in dinars that will cease to exist as a denomination by the time parliament votes on it. Every line item, every salary figure, every oil revenue projection would need a conversion factor bolted onto it.

Finance ministries do not operate that way when they know a redenomination is inbound they draft in the ‘new’ unit. Which means the rate decision is already made. It’s sitting in a drawer in the Central Bank like a loaded weapon, and the budget is just the paperwork that gets stamped after the shot is fired.

Nizar Nasser Hussein gave us the confirmation in plain sight: “Currency change is under the Central Bank’s authority, deleting zeros requires legislation in the House of Representatives.” Read that sentence like a lawyer. He’s telling you both doors exist the parliamentary door and the emergency authority door.

Al-Zaidi doesn’t want to walk through parliament. He watched Maliki’s bloc weaponize every budget for a decade. An emergency monetary decree under CBI authority during a sovereignty transition window bypasses the entire circus. Hussein mentioned that clause on purpose. That was the signal, not the Oliver Wyman reform boilerplate wrapped around it.

THE SEPTEMBER 30 SQUEEZE — HERE’S THE MECHANISM NOBODY’S NAMING

Full sovereignty before September 30 means the US umbrella lifts. When that umbrella lifts, Iraq’s currency needs its own spine and the spine is the peg. You cannot be a sovereign state with a non-convertible, non-internationally-traded currency. That’s not a preference, that’s a prerequisite.

Article VIII compliance isn’t some IMF badge of honor, it’s the difference between IQD being money and IQD being a coupon. But this is only if Ali al-Zaidi sticks to his guns that this will follow through as we expect.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/iraq-current-and-168895770

https://dinarchronicles.com/2026/09/07/prolotario-the-current-operational-assessment-for-iraq/

News, Rumors and Opinions Tuesday 9-8-2026

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Tues. 8 Sept. 2026

Compiled Tues. 8 Sept. 2026 12:01 am EST by Judy Byington

The Global Financial Transition:

The Quantum Financial System (QFS) operates independently of the current centralized banking model, putting an end to the global perpetuation of “Debt Slavery” by dismantling the existing Central Banking System. …Quantum Financial System Intel on Telegram Mon. 7 Sept. 2026

Despite being the pinnacle of design, reliability, security, and safety, the implementation of QFS will unfold gradually.

QFS utilizes Distributed Ledger Technology, distinguishing itself from cryptocurrency or blockchain systems. Quantum Qubits actively engage with every financial transaction worldwide, ensuring legality, owner intent, and transparency.

As Central Banks lack the capacity to transition old FIAT (paper) money into the new QFS system, fractional reserve banking and central banking activities will cease. Each sovereign currency and bank constitutes a distinct Ledger within QFS.

In March 2017, data on all account holders from banks across 209 participating countries was (allegedly) integrated into QFS, serving as a comprehensive “Distributed Ledger.” QFS is designed to convert all bank accounts denominated in any Fiat currency globally into a local asset-backed currency.

The system verifies the validity, activity, and operability of originating Fiat currency bank accounts before exchanging fiat currency for asset-backed currency. Following a successful verification, the conversion occurs on a 1:1 basis, signaling a significant shift in the financial landscape.

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Global Currency Reset:

Redemption Centers may offer special contract rates beyond ordinary bank international exchange rates. Especially for DINAR and ZIM holders tied to humanitarian projects.

The new international currency rates being circulated remain:

Iraqi Dinar: $3.22
Vietnamese Dong: $0.47
Zimbabwe Dollar: $15.00
Kuwaiti Dinar: $4.18
…Mr. Blackpool 4b on Telegram Mon. 7 Sept. 2026

Judy Note: No one knows the exact date for notification of appointments for Tier4b (us, the Internet Group) to exchange foreign currencies, but deadlines shown in the above Timing indicate it to be very soon. We have been told that Wells Fargo, which is controlled by the Chinese Elders – (the ones who own the gold behind the Global Currency Reset) – will send out emails to currency and bond holders worldwide telling them how to set redemption & exchange appointments. It is advised to exchange/redeem your foreign currency at an official Redemption Center (RC) rather than a bank. You can only (allegedly) redeem Zim at a RC, the Dinar Contract Rate can only (allegedly) be given at a RC and banks will offer you lower exchange rates than what you can obtain at a RC. You can only (allegedly) set up your new wallet (bank account) at a RC. It was my understanding that most banks were under control of the Cabal and would soon play a different role in the Global Financial System.

Read full post here:  https://dinarchronicles.com/2026/09/08/restored-republic-via-a-gcr-update-as-of-september-8-2026/

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

David  It's big. If you need proof go back to World War I, World War II, Korea, Iraq and eventually Venezuela  and you're going to see a pattern.  We sanctioned them, there was conflict, we entered their country, we took their gold, we helped  them restructure their economy, financial system and monetary system and  helped them revalue their currency.  What's happened in  Iraq?  We sanctioned them, engaged in conflict with them, defeated the Saddam forces...took their gold in 2003, destroyed their  infrastructure and daily life and helped rebuild their country and modernize their infrastructure, economic, monetary, financial  reforms.  And we're helping them revalue their currency.

Frank26   Article: "Central Bank Governor: Changing the currency is within our authority and removing zeros requires legislation in parliament"   This is an official announcement...from the CBI directly to the Iraqi citizens and to the international world...Removing the zeros...requires legislation from parliament, that's a mistake because we don't need  parliament...July 28th Article quote:  "Removal of three zeros from the Iraqi dinar would normally require legislation...The prime minister requested the Federal Supreme Court of Iraq to issue an interpretive ruling regarding the powers of the Council of Ministers...The Federal Supreme Court ruled regardless of whether a law expressively grants such authority, the Council of Ministers possesses and inherited constitutional powers to issue regulations, instructions and decisions.  This ruling opens the door for the government to proceed with the removal of the three zeros from the Iraqi currency through government regulation without first obtaining parliamentary approval."   End of story.  That's where we're at right now.

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IQD Update: Deleting the Zeros: The CBI Announcement You Need to Know

Edu Matrix:  9-8-2026

IQD Update: Deleting the Zeros: The Latest CBI Announcement You Need to Know

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

Seeds of Wisdom RV and Economics Updates Tuesday Morning 9-8-26

YEN SURGE SHAKES THE $2.35 TRILLION CARRY TRADE: JAPAN’S CURRENCY REVERSAL COULD REPRICE GLOBAL CAPITAL FLOWS

Japan’s rapidly strengthening yen is forcing investors to reconsider one of the world’s largest funding trades, raising the possibility of broader shifts in global liquidity, asset prices and capital flows.

OVERVIEW

• The yen has surged nearly 4% in about a week, reaching a seven-month high as markets increasingly expect the Bank of Japan to raise interest rates.

• Cross-border yen borrowing — a proxy for the carry trade — reached a record 360 trillion yen, or approximately $2.35 trillion, in March, according to Jefferies analysis of Bank for International Settlements data.

• A sustained yen rally could force investors to unwind leveraged positions and repatriate capital, potentially affecting currencies, bonds and other global assets.

KEY DEVELOPMENTS

1. The Yen Has Suddenly Reversed Direction

The Japanese yen has moved sharply higher after spending much of the year under pressure.

The yen reached approximately 152.89 per dollar on September 8, its strongest level since February. It was trading around 160 to the dollar less than a week earlier.

Reuters reports that the yen has gained roughly 4.5% in one week, marking one of its fastest moves in years.

The immediate catalyst is growing expectations that the Bank of Japan will raise interest rates, potentially as soon as its next policy meeting.

But monetary policy is only part of the story.

Markets are also watching whether Japanese investors begin bringing money home and whether leveraged investors continue closing short-yen positions.

2. The $2.35 Trillion Carry Trade Is the Bigger Story

The carry trade works by allowing investors to borrow in a relatively low-interest-rate currency and invest in assets offering higher returns elsewhere.

For years, the yen was one of the world's most important funding currencies because Japanese interest rates remained exceptionally low.

That created an enormous cross-border financial position.

According to Jefferies analysis of Bank for International Settlements data cited by Reuters, cross-border yen borrowing reached approximately 360 trillion yen — about $2.35 trillion — in March.

That figure should not be interpreted as $2.35 trillion that will automatically be sold.

It is a proxy for the scale of yen-funded borrowing, and the actual size of the global carry trade is difficult to measure precisely.

But the number demonstrates why a rapid change in the yen can matter far beyond Japan.

3. A Stronger Yen Can Force a Global Deleveraging

The danger for global markets is not simply that the yen becomes more valuable.

It is what happens if investors begin unwinding positions financed with borrowed yen.

Consider the basic sequence:

Yen strengthens → yen borrowing becomes more expensive to repay → leveraged positions are reduced → foreign assets may be sold → capital returns to Japan → global liquidity changes.

That process can create additional upward pressure on the yen because investors need to purchase yen to close their positions.

The result can become partially self-reinforcing.

Reuters reported that analysts are already seeing short-yen positions being reduced and warned that continued yen strength could turn a gradual reduction in leverage into a much faster unwind.

4. The 2024 Warning Is Still Fresh

The global financial system has already experienced what a rapid yen reversal can do.

In August 2024, a sharp strengthening of the yen contributed to a major unwind of carry trades.

Global equities suffered a sudden sell-off as leveraged positions were reduced and investors moved rapidly to protect capital.

The current situation is not necessarily a repeat of 2024.

The important difference is that investors are watching the risk much more closely this time.

Japan's currency policy has also changed significantly.

Japan and the United States coordinated intervention in July to support the yen, and Japanese Finance Minister Satsuki Katayama said September 8 that Tokyo and Washington remain aligned and are continuing close communication to maintain orderly foreign-exchange markets.

That means the yen is now moving within an environment where market forces, Japanese monetary policy and international currency coordination are all interacting.

5. The Bigger Question Is Where Global Capital Goes Next

A sustained yen appreciation could become more important if it changes the behavior of Japanese investors and international funds.

Japan is one of the world's largest pools of institutional capital.

If higher Japanese yields make domestic bonds and other Japanese assets more attractive, some capital that previously moved overseas could remain at home or return to Japan.

At the same time, investors unwinding yen-funded positions could reduce exposure to higher-yielding foreign currencies and assets.

That could affect markets far beyond Japan.

The potential consequences include currency volatility, changes in bond demand, shifts in equity valuations and changes in global liquidity conditions.

This does not mean that a $2.35 trillion liquidation is inevitable.

It means that the direction of the yen has become an important variable in global capital markets.

WHY IT MATTERS

Economy: A stronger yen changes Japan's import costs, corporate earnings and domestic financial conditions while potentially altering the flow of Japanese capital abroad.

Markets: A large carry-trade unwind could create selling pressure in foreign assets as leveraged investors reduce positions.

Policy: The Bank of Japan's interest-rate decisions are becoming increasingly important to global investors because Japanese monetary policy can influence international capital flows.

Global System: The yen's reversal demonstrates how a change in one major funding currency can transmit financial stress or liquidity changes across multiple markets.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

The yen's move is an important reminder that currency values are connected to global capital flows, not simply to individual countries' economic conditions.

For foreign-currency holders, a major change in the yen-funded carry trade could increase volatility across other currencies as investors reassess risk and move capital between markets.

Currencies that have benefited from carry-trade flows can come under pressure if investors suddenly reverse those positions.

The broader lesson is that exchange-rate movements can accelerate when large pools of leveraged capital begin moving in the same direction.

That makes global currency diversification increasingly important to understand as central banks move away from the unusually low-interest-rate environment that dominated much of the previous decade.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Assets — Global Capital Could Be Repriced

The yen's reversal highlights the potential for large cross-border positions to move quickly when interest-rate expectations change.

If the carry trade continues to unwind, capital could shift among currencies, sovereign bonds, equities and other assets.

That would represent a repricing of global capital — not necessarily a crisis, but a structural adjustment worth watching.

• Pillar 2: Trade — Currency Relationships Are Becoming More Strategic

Japan and the United States are already coordinating closely on foreign-exchange stability.

At the same time, Japan's monetary policy is increasingly influencing the value of the yen and the behavior of Japanese investors.

Currency policy is therefore becoming intertwined with trade competitiveness, capital flows and financial stability.

The global financial system is increasingly interconnected, making major-currency movements a strategic issue rather than simply a foreign-exchange-market story.

CONCLUSION

The yen's sudden surge is more significant than a normal currency rally.

Behind the move is a much larger question: what happens when one of the world's most important funding currencies stops behaving like a cheap source of global liquidity?

The approximately $2.35 trillion yen-borrowing proxy does not represent a guaranteed wave of forced selling. But it shows why investors are watching the yen so closely.

If the Bank of Japan continues tightening and the yen remains strong, more carry trades could be unwound and more capital could potentially flow back toward Japan.

That could influence currencies, bonds and asset prices around the world.

The global financial system does not need a single dramatic event to reprice. Sometimes the repricing begins when the direction of a major currency — and the flow of capital behind it — suddenly changes.

Seeds of Wisdom TeamNewshounds News™ Exclusive

SOURCES

1. Reuters — The yen's sudden surge is upsetting the carry trade faithful

2. Reuters — Japan, US remain aligned on FX policy to foster stable markets, Katayama says

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

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Thank you Dinar Recaps

Marc Faber: Imminent Financial Collapse, Money Printing & Gold

Marc Faber: Imminent Financial Collapse, Money Printing & Gold

Palisades Gold Radio:  9-8-2026

Stijn Schmitz welcomes back Contrarian Investor and Publisher of the Gloom, Boom, & Doom Report Marc Faber to the show.

 Faber opened the discussion by emphasizing the unprecedented complexity facing economists and investors today, driven by a confluence of dismal fiscal situations in Western democracies, geopolitical tensions, and the central role of central banks in financing massive deficits.

He questioned whether Western economies have experienced real growth over the last 20 years or merely nominal expansion fueled by money printing, which has inflated asset prices for the wealthy while eroding the purchasing power and living standards of the middle and lower classes.

Timestamps:

00:00:00 - Introduction

00:01:04 - Key Economic Trends Focus

00:05:31 - Real vs Nominal Growth

00:09:19 - Capitalism and Market Reforms

00:14:40 - Money Printing Unsustainability

00:15:40 - Debt & Economic Growth

00:17:40 - Future Asset Bubble Crash

00:20:48 - US Treasury Market Health

00:22:30 - Inflation Measurement Issues

00:29:06 - Gold as Value Store

00:35:49 - Correction in Asset Prices

00:38:12 - Energy Markets Outlook

00:44:37 - Gloom Boom Doom Report

00:47:33 - Concluding Thoughts

https://www.youtube.com/watch?v=Zvy9QNnKKV0

Tuesday Iraq News posted by Tishwash at TNT 9-8-2026

TNT:

Tishwash:  After September 30th, a new security agreement will keep Marines protecting the US Embassy in Baghdad.

On Monday, Hoshyar Zebari, a leader in the Kurdistan Democratic Party, revealed new details regarding the American withdrawal from Iraq, pointing to bilateral security arrangements between Baghdad and Washington, which include the continued presence of US Marines to protect the embassy .

Zebari said in a televised interview followed by Al-Sa’a Network that “this operation will end on September 30,” explaining that “the Iraqi government agreed with the American side two years ago that in 2026 there will be no need for Operation Inherent Resolve .”

He added that "Operation Inherent Resolve is an international coalition operation against ISIS, in which US forces and forces from the international coalition are participating," indicating that "this operation will be declared over, which means there is no need for the presence of US combat forces for this mission ."

Zebari explained that "the end of the mission in Iraq does not mean the end of the operation in Syria or Jordan," stressing that "the American side has already reduced its presence in Baghdad and Baghdad Airport, as well as in Erbil Airport ."

He noted that "Washington has contacts with the Iraqi government to reach security arrangements other than Operation Inherent Resolve and the military presence," indicating that "these arrangements may be bilateral, and may include the Kurdistan Region ."

He added that "the United States has an embassy in Baghdad and needs to protect it," noting that "Marine forces are present in American embassies around the world, including the embassy in London," as he put it  link

Tishwash:  Expert: The Iraqi banking sector faces tough reform, not collapse.

Economic expert Manar Al-Obaidi said on Monday that the Iraqi banking sector is not going through a phase of collapse, but rather a process of "sorting, reforming and restructuring" that may be harsh, but is necessary to prepare the sector for a phase of greater growth.

Concerns have recently increased after the Central Bank of Iraq decided to place Al-Taif Islamic Bank under guardianship for 18 months, following the detection of serious violations that affected its financial position. This sparked demonstrations and protests by depositors in front of the bank's branches in Baghdad and Basra to demand their money, while these events further deepened the erosion of Iraqis' confidence in banks.

Al-Ubaidi said in a post followed by Shafaq News Agency that his monitoring of the data and indicators of Iraqi banks for more than five years showed that the banking sector is practically divided into three categories, foremost among them the leading banks that were able to develop their systems, management and services and approach international standards, and build real trust with customers and depositors, noting that their number does not exceed about five banks.

He explained that the second category consists of medium-sized banks, some of which have an opportunity to grow and move to the leading category, provided they develop governance, capital, technical systems, risk management and compliance, while others may decline if they do not move at the required speed.

As for the third category, according to Al-Obaidi, it is the small banks, which are the weakest link and the most vulnerable to change during the next stage, suggesting that some of these banks will face limited options including mergers, restructuring, or exiting the market.

He stressed that these developments "are not necessarily an indication of the sector's collapse," explaining that banking is no longer limited to licenses, branches, and receiving deposits, but requires real capital, governance, risk management, compliance, advanced technological infrastructure, the ability to protect depositors' funds, and dealing with a financial system more connected to international markets.

He pointed out that the crises facing some banks may affect public confidence in the short term, but the essence of what is happening is "a sorting, reforming and reshaping process of the Iraqi banking market."

He added that some institutions "will not be able to continue in the current form," but the banking sector itself, in his opinion, is about to enter a major growth phase driven by the increasing need of the Iraqi economy for financial services.

Al-Obaidi pointed out that the trade, import, payments, transfers, corporate services, liquidity management, credit, guarantees and digital services sectors all need a more efficient and developed banking sector, stressing that the next stage will witness a shift in confidence from weaker banks to stronger ones, and from traditional services to digital ones.

He concluded by saying that Iraq will still need government, commercial and Islamic banks, "but not necessarily all the banks that exist today in the same form, size and model," stressing that the real question for the next stage is "which banks will be able to survive and gain the trust of the market?"  link

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

Tishwash:  Central Bank: No more sanctions on the banking sector.

The Central Bank of Iraq affirmed on Sunday its continued commitment to the reform process and denied the existence of any sanctions on the banking sector.

A statement issued by the bank, and reported by Al-Maalomah News Agency, quoted Governor Nizar Nasser Hussein as saying during a meeting with economic experts that the banking sector reform process is ongoing in coordination with Oliver Wyman. He clarified that there are no longer any international sanctions on the banking sector.

The statement added that international confidence in the Central Bank is very high, noting that the seven banks authorized to conduct transactions in currencies other than the US dollar may begin operations soon.

It further stated that the majority of depositors' funds at Al-Taif Bank are guaranteed, and that the Central Bank will intervene if a shortfall occurs. The statement emphasized that Iraq invests in the United States as a safe haven and the only country that has granted Iraq immunity, adding that the risks of investing in other countries are significant.

The statement concluded by noting that the total issued currency amounts to 107 trillion dinars, while the amount circulating in the markets is close to 40 trillion dinars.
He pointed out that "changing the currency is within the purview of the Central Bank," noting that "removing zeros requires legislation in the House of Representatives."

He affirmed that "the current government is run with a private sector mindset, and the media plays a crucial role in improving Iraq's international image," adding that "there are new lending initiatives to support important and vital projects."  link

Tishwash:   The "cash economy" weakens investment and deepens the shadow economy.

 Cash liquidity outside the banking system constitutes one of the most prominent challenges facing the banking sector and the Iraqi economy, given the continued reliance of individuals on cash transactions and keeping part of their savings outside banks, which raises questions about the reasons for this phenomenon and its repercussions on investment, growth and confidence in the banking sector.

 Economic experts believe that the large amount of liquidity leaving the banking system is not related to a single factor, but rather to factors related to confidence, banking services and procedures, as well as the nature of the Iraqi economy and its extensive reliance on cash.

Trust gap

In this regard, economist Abdul Rahman Al-Mashhadani said that the percentage of liquidity held by individuals outside the banking system exceeds 85 percent, while the Central Bank estimates it at about 90 percent, attributing this to the existence of a trust gap between the citizen and the banking system, both governmental and private.

Al-Mashhadani explained in an interview with Al-Sabah that bureaucratic procedures and inflexible dealings with customers are among the reasons for citizens’ reluctance to use banks, in addition to the large number of documents and procedures that accompany deposit and withdrawal operations.

He added that the measures taken by banks during crises, particularly restricting withdrawals, reinforce depositors' fears and push them to keep their money in cash, noting that citizens want to ensure they can access their money when needed.

He explained that the banking system relies primarily on individual deposits, and therefore restricting withdrawals or the bank's inability to provide the required amounts to depositors leads to a decline in confidence in the banking sector.

Deposit Guarantee

Al-Mashhadani pointed out that the failure of some banks or their exposure to bankruptcy represents another factor that affects the confidence of depositors, calling for strengthening the role of the Central Bank in protecting the banking system and individuals’ deposits.

He called for the establishment of an effective deposit guarantee system in order to contribute to reassuring citizens and encouraging them to deposit their money, noting that the limited guarantee is not commensurate with the amount of liquidity that individuals can deposit.

He pointed out that the weakness of banking services and the imposition of commissions on some transactions represent an additional reason for citizens’ reluctance, explaining that the need to pay commissions for some services, coupled with the insufficient availability of services, reduces the attractiveness of banking transactions.

He stressed the need for a "reform revolution" in this regard, explaining that the entry of savings into banks could allow them to be reinvested in development projects and productive sectors.

Disrupted liquidity

For his part, Dr. Maitham Al-Aibi, Professor of Public Finance at Al-Mustansiriya University, believes that the high percentage of liquidity outside the banking system means that there is a weakness in individual savings within the banking system, which makes the banking system less able to inject real investment into the local economy.

Al-Aibi told Al-Sabah: “The dominance of the cash economy affects the ability of monetary and fiscal policies to manage the money supply effectively and efficiently, and the money supply becomes outside the control of the two authorities, with the resulting negative effects on inflation and government spending.”

He added that storing money at home leads to a decrease in the velocity of money circulation between individuals and businesses, which is reflected in the recovery and economic growth, and leads to a decline in private sector growth and unemployment.

High liquidity is an important indicator of the growing phenomenon of the shadow economy, indicating that this leads to the emergence of money laundering, currency trading and informal operations that deprive the treasury of significant revenues.

He stressed that the lack of trust in the state by individuals has become a major obstacle to abandoning household cash, noting that the salary crisis, the delay in its disbursement, and the ill-considered and contradictory government announcements contribute to perpetuating this behavior.

He called for strengthening confidence by not allowing banks to withhold any part of individuals’ deposits and guaranteeing those deposits, guaranteeing deposits and withdrawals in the same currency, protecting the funds of depositors and small banks, as well as promoting digital transformation in a real and effective way.

hybrid economy

In contrast, economist Ahmed Al-Ansari believes that the rise in the money supply outside the banking system is due to two reasons together, but to varying degrees. The first is a relative weakness in confidence and use of banking services, while the second is related to the hybrid nature of the Iraqi economy and the spread of cash transactions and the informal economy.

Al-Ansari explained in an interview with Al-Sabah that the high percentage of liquidity outside the banking system cannot be considered on its own as evidence of a banking confidence crisis, but rather represents an indicator of weak financial inclusion and the economy’s reliance on cash, as well as the significant delay in digital transformation.

Experts suggest that addressing the phenomenon of liquidity outside the banking system requires addressing multiple aspects, starting with restoring citizens' trust in banks, moving through improving services and reducing their cost and protecting deposits, and culminating in promoting inclusion. 

Finance and digital transformation.

According to previous arguments, keeping savings outside the banking system not only means losing them from the economy, but also limits the possibility of employing them through banking channels in investment and production activity, at a time when strengthening confidence remains one of the key factors in changing individuals’ behavior towards saving and banking transactions. link

Rob Cunningham: Mission Abundance

Rob Cunningham: Mission Abundance

9-7-2026

MISSION ABUNDANCE

Let’s play a game, shall we?

Let’s consider and then process a hypothetical 8 year scenario.

10% Real GDP growth for 8 years
2 Billion max retail XRP liquidity
Quantum computing a baseline
Energy costs 80% less
Income and property taxes gone
Universal High Income at $75k/yr
Medical costs 90% less
College education free
Interest rates 2%
Usury interest illegal
National Debt eliminated
World at peace

The Flywheel

Think of Mission Abundance as a reinforcing system rather than twelve independent assumptions.

Real Money & Assets backed 1:1 by Actual Value is not inflationary.

Capital, engineering talent, energy, materials and human lives previously consumed by godless war destruction can increasingly be directed toward creation.

MISSION ABUNDANCE isn’t simply: “Everybody gets more money.”

It is a hypothetical transition from managing scarcity to multiplying productive capacity while destroying unnecessary friction.

We the People experience it as:

More income.
More ownership.
Cheaper energy.
Cheaper healthcare.
Free education.
Cheaper productive capital.
Less debt extraction.
Extraordinary computational capability.
Far greater economic output.
Real peace.

My Invitation

Use or reject my example
Plug in your 12 variables
Question everything
Follow no one
Seek truth

Source(s):
• https://x.com/KuwlShow/status/2096627181136838785

https://dinarchronicles.com/2026/09/07/rob-cunningham-mission-abundance/

Monday Iraq News Posted by Tishwash at TNT 9-7-2026

‍TNT:

Tishwash:  An economist predicts the return of the 50 and 100 dinar denominations with the currency change.

Economic expert Mustafa Hantoush suggested on Sunday that the 50 and 100 dinar denominations would return to circulation if the currency change were to proceed, noting the possibility of issuing new currency denominations with stronger security features .

Hantoush said in a televised interview followed by Al-Sa’a Network that “the Central Bank may issue a new currency with advanced security features, with the possibility of introducing currency denominations less than 250 dinars, such as 100 fils .”

He added that "the Central Bank may move towards issuing 50 and 100 dinar denominations in the next stage," indicating that "the return of these denominations may contribute to supporting the currency and strengthening the position of the Central Bank ."

He explained that "the Central Bank has not yet made a final decision regarding this step, while the government is working on forming a committee to study the issue, pending the completion of the procedures related to it within the House of Representatives  link

Tishwash:  Baghdad, Washington Discuss Wider Bilateral Cooperation

Iraqi PM Ali al-Zaidi meets US Chargé d'Affaires Steven Fagin in Baghdad to discuss strengthening bilateral ties and easing regional tensions through dialogue.

Iraqi Prime Minister Ali al-Zaidi received Steven Fagin, Chargé d'Affaires of the US Embassy in Baghdad, Steven Fagin, on Sunday, with both sides underscoring the importance of dialogue and diplomatic tools in easing regional tensions and safeguarding the interests of the region's peoples.

According to a statement from the Iraqi prime minister's office, the meeting addressed ways to strengthen bilateral relations between Iraq and the United States, with discussions covering the expansion of joint cooperation across various sectors in a manner intended to serve the shared interests of both countries.

The statement said the meeting also touched on the broader situation in the region, with al-Zaidi and Fagin agreeing on the necessity of relying on dialogue and diplomatic means as the sole path to reducing tensions. Both sides framed this approach as essential to reinforcing the foundations of security and stability and protecting the overriding interests of the region's peoples.

The meeting reflected continued engagement between Baghdad and Washington as both governments signaled a shared commitment to diplomacy amid ongoing regional uncertainty link

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

Tishwash:  Governor of the Central Bank of Iraq: America is considered a safe haven for Iraqi investments.

The Governor of the Central Bank of Iraq , Nizar Nasser Hussein, said that the United States of America is considered a safe haven for Iraqi investments.

Hussein added on Sunday: "We invest in the United States as it is a safe haven and the only country that has granted Iraq immunity, and the risks of investing in other countries are significant."

 He explained that “the total amount of currency issued in Iraq is $81.7 billion (107 trillion dinars), and what is circulating in the markets is close to $30.5 billion (40 trillion dinars), and that changing the currency is within the powers of the Central Bank, and removing zeros requires legislation in the Iraqi parliament,” according to the German Press Agency “DPA”.

Hussein continued: “There will be no more sanctions from international bodies on the Iraqi banking sector. We are continuing the reform process in coordination with Oliver Wyman. International confidence in the Central Bank of Iraq is very high, and the seven banks that were allowed to deal in currencies other than the dollar may start operating soon.”

He explained that "the majority of depositors' funds in the Iraqi Islamic Spectrum Bank are guaranteed, and if a deficit occurs, the Central Bank of Iraq will intervene. The current government is run with a private sector mindset, and the media plays an important role in improving Iraq's image internationally." ink

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

Tishwash:  Ford officially enters the Iraqi market on October 1st.

 Ford is officially returning to the Iraqi market starting from October 1st, after appointing North Island Automotive Trading and Commercial Agencies Company (SAT) as its exclusive distributor in the country.

The appointment was based on a strategic alliance between March Holding Group and Al-Alayan Group, and North Island Company will be responsible for distributing cars, providing original spare parts, and offering after-sales services throughout the country.

Ford indicated in a statement received by Kalima News that "North Island Company (SAT) will, under this appointment, be responsible for distributing Ford vehicles, providing original spare parts, and offering after-sales services throughout Iraq."

The company added that "this embodies the depth of our long-term strategic commitment to the Republic of Iraq, and our keenness to facilitate our customers' access to modern Ford models, original spare parts and advanced maintenance services," explaining that "we are working to strengthen our sales and service network, consolidating the strong bridges of trust that customers in Iraq have built with the brand over the past decades."

Ford Middle East and North Africa President Ravi Ravichandran said: “Iraq is a key focus of Ford’s growth plans in the region, and we always strive to provide the best services to our customers there in the long term. North Island Company (SAT) shares the same vision that puts the customer first, based on quality standards and sustainable growth, and the company’s experience and deep understanding of the local market will contribute to enhancing the Ford customer experience from the purchase decision to after-sales services.”

For his part, North Island CEO Mohammed Aliyan affirmed that "Ford has a long and distinguished history in the Iraqi market, as it has represented a symbol of reliability and quality for several generations," adding that "our role today is not limited to distributing cars only, but also includes preserving this legacy and enhancing the trust that the brand has built over the decades."

Aliyan continued, "We established North Island Company (SAT) on a sophisticated infrastructure, qualified human resources, and a full commitment to delivering the integrated Ford experience that customers in Iraq look forward to and deserve."  link

Tishwash:  Central Bank Governor: We are continuing to reform the banking sector and support the national economy.

The Governor of the Central Bank of Iraq, Mr. Nizar Nasser Hussein, affirmed the bank's continued commitment to implementing its banking sector reform program in coordination with Oliver Wyman. He indicated that the coming phase will witness further positive developments in the banking sector and enhanced integration with the international financial system.

During a dialogue with several economic experts, the Governor explained that international confidence in the Central Bank of Iraq is very high, emphasizing the strengthening of internal oversight and the implementation of preventative measures for financial and banking institutions.
Regarding depositors' funds, the Governor stressed that the vast majority of deposits in the banking sector are guaranteed. He clarified that in the event of any disruption or shortfall, the Central Bank will intervene within its powers and responsibilities. He reassured the public that the Central Bank is capable of managing crises, given its reserves, financial instruments, and contingency plans.

Regarding the money supply, the governor explained that the total amount of currency issued for circulation is approximately 107 trillion Iraqi dinars, and that changing the currency will help determine the true amount of money circulating in the markets.
He emphasized the important role of the media in supporting economic and banking reforms and contributing to improving Iraq's image and enhancing international confidence in the country. He also noted that the current government is operating with a vision based on the private sector and its role in economic development.

In support of economic activity, the Governor revealed new lending initiatives that the Central Bank intends to launch to support important and vital projects, thereby stimulating investment and production and strengthening the role of the private sector in the national economy.

He emphasized that banking reform is an ongoing process aimed at building a more efficient and competitive banking sector and strengthening its relationship with the international financial system, thus serving financial and economic stability in Iraq.

 Baghdad - Media Office   link

Seeds of Wisdom RV and Economics Updates Monday Afternoon 9-7-26

CLARITY ACT HITS A CRITICAL WALL: U.S. DIGITAL-FINANCE LEADERSHIP NOW FACES A REGULATORY GAP

Congressional deadlock is putting the future of comprehensive U.S. crypto market-structure legislation in doubt just as federal regulators and other financial centers move ahead with their own digital-asset frameworks.

OVERVIEW

• The CLARITY Act remains stalled in the Senate, with a September 15 cloture vote now representing the next major test of whether the legislation can advance.

• The delay is being driven by unresolved disagreements over ethics provisions, anti-money-laundering safeguards, stablecoin rewards, community-bank deposits, law-enforcement authority and SEC-CFTC jurisdiction.

• The SEC and CFTC have already taken important steps under existing authority, but agency action cannot fully substitute for a durable federal market-structure law.

KEY DEVELOPMENTS

1. The CLARITY Act Has Reached a Critical Legislative Test

The latest reporting has intensified concerns that the CLARITY Act may not advance during the current congressional session. Former federal prosecutor Renato Mariotti has characterized the bill as effectively “dead” following discussions with lawmakers and congressional staff.

That is an assessment, not an official congressional determination. The formal process remains alive, with the Senate scheduled for a September 15 cloture vote.

Cloture is particularly important because the Senate generally requires 60 votes to overcome procedural obstacles and move legislation forward. A failure to reach that threshold could effectively end the bill's current path.

Reuters previously reported that the Senate's delay reflected unresolved disagreements and a shrinking legislative calendar ahead of the November elections.

2. Why Hasn't the CLARITY Act Passed?

The delay is not attributable to one issue.

Ethics and conflicts-of-interest provisions have become one of the most politically sensitive disputes surrounding the legislation.

Lawmakers have also disagreed over anti-money-laundering requirements and enforcement mechanisms, including how much authority should be available to law-enforcement agencies.

Another major issue involves stablecoin rewards. Banking groups have raised concerns that rewards paid on dollar-backed stablecoins could pull deposits away from banks that use those deposits to support lending. Crypto-industry participants have argued that restricting such rewards could reduce competition.

There are also disagreements involving community-bank protections, decentralized finance and the precise division of regulatory authority between the SEC and CFTC.

The result is not simply partisan disagreement. Different lawmakers and financial-sector interests have competing concerns about how the market should be regulated. Reuters reported that both Democrats and some Republicans have raised objections to different provisions of the bill.

3. Could the SEC and CFTC Fill the Gap If Congress Fails to Act?

Partially — but not completely.

The SEC and CFTC have already demonstrated that they can provide considerably more clarity using their existing authority.

On March 17, 2026, the two agencies issued a joint interpretation establishing categories including digital commodities, digital collectibles, digital tools, stablecoins and digital securities. The interpretation also addressed how a non-security crypto asset can become subject to — and potentially cease being subject to — an investment contract.

The agencies have therefore already created a more defined regulatory foundation without waiting for Congress.

The CFTC is also continuing work on emerging financial technology through its Innovation Advisory Committee, which is examining the intersection of technology, law, policy and finance.

But there is an important limitation.

An agency interpretation is not the same thing as an act of Congress.

The SEC's own chairman, Paul Atkins, made this unusually clear in August. He said legislation remains indispensable for establishing durable rules that cannot simply be changed by a future regulator.

That distinction is critical for investors and financial institutions.

Regulators can interpret existing statutes, issue rules within their authority, bring enforcement actions and establish regulatory frameworks. Congress can establish or change the underlying statutory authority itself.

Without legislation, questions surrounding jurisdiction, market structure, registration, custody, trading platforms, decentralized finance and the precise boundaries between securities and commodities can remain vulnerable to future rule changes, litigation or changes in agency leadership.

4. What Happens If the CLARITY Act Does Not Pass?

A failed CLARITY Act would not mean that U.S. crypto regulation suddenly disappears.

The SEC and CFTC would continue operating under their existing statutory authorities. The March 2026 joint interpretation would remain an important piece of the regulatory landscape, and both agencies could continue developing rules and guidance within the authority Congress has already provided.

The problem would be durability and completeness.

The United States could continue building digital-asset regulation through a combination of agency rules, interpretations, enforcement policies, court decisions and existing statutes rather than through one comprehensive market-structure framework.

That creates a more fragmented system.

It could also leave some companies uncertain about which regulator has primary authority over particular activities and leave important questions dependent on future agency decisions or litigation.

In other words, the United States could continue moving forward — but without the statutory foundation that CLARITY was designed to provide.

5. Why This Matters Beyond Cryptocurrency

The CLARITY debate is ultimately larger than Bitcoin or individual digital tokens.

Financial markets are increasingly moving toward tokenized assets, blockchain-based settlement, digital securities, stablecoins and programmable financial infrastructure.

The regulatory question therefore becomes:

Who will establish the rules for the next generation of financial markets?

The United States is not operating in isolation. Other major financial centers are also developing regulatory frameworks for digital assets.

The longer comprehensive U.S. legislation remains unresolved, the greater the possibility that companies will structure portions of their digital-finance operations around jurisdictions where regulatory requirements are more clearly established.

That does not mean the United States automatically loses financial leadership.

But it does mean that regulatory uncertainty becomes a competitive factor.

WHY IT MATTERS

Economy: Digital assets are becoming increasingly connected to capital formation, payments, financial services and investment infrastructure.

Markets: Investors and institutions need predictable rules governing custody, trading platforms, token classification and market oversight.

Policy: The central unresolved issue is whether existing agency authority is sufficient or whether Congress needs to establish a more comprehensive statutory framework.

Global System: The regulatory framework established today could influence where future digital financial infrastructure, capital and financial technology businesses are located.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign-currency holders, the significance is indirect but important.

A larger digital-asset and stablecoin ecosystem could eventually affect cross-border payments, settlement systems, liquidity and demand for different forms of digital money.

Dollar-backed stablecoins are particularly important because they can extend the reach of the U.S. dollar into blockchain-based financial networks.

If U.S. regulators can maintain clarity even without CLARITY, dollar-based digital finance can continue developing.

If regulatory uncertainty persists for years, however, some digital-finance activity could increasingly develop outside the United States.

That could influence the future architecture of cross-border payments, digital currencies and global capital flows — all of which ultimately affect the environment in which foreign currencies are valued and exchanged.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Technology — The Battle Over Digital Financial Infrastructure

The CLARITY debate is part of a much larger transition from traditional financial infrastructure toward blockchain, tokenization, stablecoins and programmable settlement.

The country or financial center that establishes durable rules for that infrastructure could attract a significant share of the next generation of financial innovation.

• Pillar 2: Assets — The Legal Foundation for Tokenized Finance

As more financial assets become digitally represented, the distinction between securities, commodities, stablecoins and other digital assets becomes increasingly important.

Without comprehensive legislation, the United States can continue developing this market through regulators, but the legal foundation remains less durable than a framework established directly through federal statute.

CONCLUSION

The CLARITY Act has reached a pivotal moment.

The September 15 Senate cloture vote will provide a much clearer indication of whether Congress can move the legislation forward, but failure would not stop the digital-asset market from developing.

The SEC and CFTC have already shown that they can provide meaningful regulatory clarity under existing law. Their March 2026 joint interpretation is evidence that the agencies can move even while Congress remains divided.

But there is a fundamental difference between regulatory action and statutory law.

Agencies can build a bridge across part of the regulatory gap. Congress is still needed to build the permanent legal road.

That is why the CLARITY debate matters beyond cryptocurrency: the United States is deciding how much of the next generation of financial infrastructure will be governed by durable legislation — and how much will continue to depend on regulators, courts and changing rules.

The digital financial system is moving forward. The question is whether U.S. law will move forward with it.

Seeds of Wisdom TeamNewshounds News™ Exclusive

SOURCES

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

• U.S. Securities and Exchange Commission — SEC Clarifies the Application of Federal Securities Laws to Crypto Assets
  

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps