Are Central Banks Moving Out of Dollar Assets?

 Are Central Banks Moving Out of Dollar Assets?

Linda S. Goldberg, Oliver Hannaoui, and Sneha Parthasarathy

The dollar’s share of global official foreign exchange reserves fell from 64 percent in 2015 to 56 percent in 2025. This downward trajectory is sometimes read as evidence that the dollar’s role in international financial markets is eroding.

However, aggregate statistics obscure the composition of changes occurring at the country level. In this post, we show that the aggregate decline is not a systematic global shift away from dollar assets. Rather, the aggregate decline reflects the actions of a handful of large reserve holders, changing either their currency preferences or the size of their reserve portfolio.

From the perspective of the cross section of countries holding dollar assets, the dollar’s status in official portfolios is largely intact.

Understanding the Aggregate Dollar Shares of Reserves

When economists calculate the dollar share of worldwide official foreign exchange reserves, countries with larger reserve holdings naturally exert disproportionate influence on the final number.

As Goldberg and Hannaoui (2026) show, this seemingly straightforward calculation can mask two fundamentally different phenomena. Countries can actively reallocate their existing portfolios away from dollar assets and toward other currencies, which we term the “preferences channel.”

Alternatively, countries can accumulate or decumulate new foreign exchange reserves at dollar shares different from the global average, which we call the “reserve change channel.”

When a country with below-average dollar holdings expands its reserves, it mechanically pulls down the global aggregate, even without reducing its own allocation to dollars.

From this lens, we can interpret the evolution observed in the chart below, showing the currency composition of global foreign exchange reserves as reported by the International Monetary Fund (IMF).

Shares of Dollars and Big Four Currencies in Global Foreign Exchange Reserves Have Declined

Chart: https://libertystreeteconomics.newyorkfed.org/2026/09/are-central-banks-moving-out-of-dollar-assets/

Two distinct periods, selected for availability of data on individual country composition of foreign exchange reserves, illustrate what drives the aggregates. From 2015 to 2019, the dollar share fell by 3 percentage points.

From 2019 to 2023, the decline moderated to 2 percentage points. The central question is whether these aggregate movements reflect a large set of countries systematically reallocating away from the dollar, or whether they stem from the actions of a few large reserve holders making choices specific to their own circumstances.

Consider the most basic indicator: are countries moving dollar shares of reserves in the same direction? If the aggregate decline reflected a broad-based global shift away from the dollar, most countries would reduce their dollar allocations over these periods.

Instead, examining directional changes in dollar share across countries during both four-year windows, we find that roughly equal numbers of countries increased and decreased their dollar holdings. This balance suggests no dominant cross-sectional shift away from dollars.

 Instead, examining directional changes in dollar share across countries during both four-year windows, we find that roughly equal numbers of countries increased and decreased their dollar holdings, as illustrated in the chart below.

There Are Similar Counts of Countries with Increased and Decreased Dollar Shares Over 4-Year Windows

CHART: https://libertystreeteconomics.newyorkfed.org/2026/09/are-central-banks-moving-out-of-dollar-assets/

If Countries Are Not All Moving Away from the Dollar, What Explains the Aggregate Decline?

During the 2015-19 period, we examine the reserve portfolios of seventy-nine countries, of which seventy-six have complete data for the beginning and end of the period.

For these seventy-six countries, the aggregate decline was split almost evenly between the preferences and reserve change channels, which accounted for 1.2 and 1.5 percentage points of the decline, respectively, as seen in the chart below.

TO READ MORE:   https://libertystreeteconomics.newyorkfed.org/2026/09/are-central-banks-moving-out-of-dollar-assets/

Thursday Iraq News Posted by Tishwash at TNT 9-17-2026

TNT:

Tishwash:  "The Baghdad dinar is disappearing... Close the borders!" The final solution is to abolish Iraq's paper currency!

Perhaps no country in the world has abolished paper currency, but amidst the anxiety surrounding discussions in the local market and among banks—both those sanctioned and those not—within an economy mired in a ceaseless war, an Iraqi expert and academic believes that the chaos plaguing the financial market necessitates the "complete abolition of paper currency" and its conversion into a bank card for every citizen.

 This is preferable to other proposals for addressing the escalating liquidity crisis. "Neither removing zeros nor replacing denominations with larger ones (such as a 100,000 dinar note) will work," he argues.

He suggests that abolishing paper currency would bring all "buried, stolen, and smuggled funds back" in a documented and verifiable manner. However, this expert also calls for a measure to be implemented: "closing the borders" so that Baghdad can effectively nullify the value of "stolen, buried, and smuggled dinars" within the country or in neighboring states like Turkey and Iran.

He does not, however, specify a timeframe for closing the borders! While this proposal appears desperate, it reflects the intensity of the debate among Iraqi financial experts regarding how to address the "disappearance of the dinar and liquidity" from the market and the resulting scarcity that hinders salary payments and stifles daily economic activity.

 According to expert Safwan Qusay, in a conversation with journalist Mona Sami, which was followed by 964 Network .

Economic expert Safwan Qusay stated, “Our problem is that the Central Bank issued currency worth 106 trillion dinars, 40 trillion of which are within the banking system, while more than 60 trillion dinars remain in the form of cash in the pockets of Iraqis. This amount does not enter the banking system, so we need to call these funds to find out where they are. Here, opinions vary.”

Some advocate removing zeros as long as a new currency is to be printed.

Some argue that there is no need to remove zeros and print more currency, but rather to move towards using only electronic payment cards. They suggest giving Iraqis a grace period, say until the end of the year, during which they would deposit all their savings into the card. This would lead to a halt in cash purchases, causing paper currency to lose its legitimacy. People would then be forced to deposit cash into the card, which would have a special code that, if entered into the banks, would be monitored. Any money that is missing would be discarded.

He added: “This should include each category separately; all categories should not be included at once. Such a measure requires closing the borders, because there is a portion of the dinar that some suspect is outside Iraqi borders, since the Iranian currency has been subjected to many shocks, so it is not unlikely that they have saved Iraqi money.

The same applies to the Turks. Therefore, the process begins with closing the borders, recovering the money, and then injecting it back into circulation in a legitimate way through the electronic card. At that point, the legitimacy of money not belonging to the government, especially buried money, will be lost, and this measure will restore the prestige of the Iraqi dinar.”  link

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Tishwash:  The oil and gas law: Iraq's wealth held hostage by political disputes

The oil and gas law remains shrouded in dust after years spent in the halls of parliament, amidst ongoing political and technical disputes that have prevented its final approval.

This is despite the law's crucial role in regulating the management of oil and gas resources and defining mechanisms for revenue distribution between the federal government, the regions, and the provinces. Among the contentious issues is the relationship between Baghdad and the Kurdistan Region regarding the management of oil fields, revenues, and constitutional powers.

In this regard, Firas al-Muslawi, spokesperson for the Reconstruction and Development parliamentary bloc, told Al-Maalomah, "The oil and gas law is one of the most frequently postponed laws in the Iraqi parliament, most recently in the previous parliamentary session. The reasons for its non-approval stem from a number of political and technical problems," indicating that "its approval is still far off."

He added, "Among the most prominent political reasons are the objections from the Kurdistan Region and the Kurdish blocs, despite the law's importance and Iraq's need for it, as it is a vital piece of legislation that can contribute to achieving social justice in the distribution of wealth among the provinces."

Al-Musalmawi stated that "there is a need to address the outstanding points of contention between the Kurdistan Region and the federal government, and to reach understandings that allow for the enactment of the law in a way that guarantees the rights of all parties and resolves the issues related to the management of oil wealth."

The oil and gas law faces a postponed fate after being repeatedly postponed from one parliamentary session to the next, despite its direct link to the national wealth file, the management and distribution of oil revenues, and its impact on the lives of citizens and the Iraqi economy. This makes its resolution one of the legislative issues still awaiting political and technical consensus.

For his part, MP and former minister Zuhair al-Jalabi revealed to Al-Maalomah that "the issue of annexing land from Nineveh Governorate for the benefit of the Kurdistan Region is practically settled, especially since the administrative boundaries of the governorates are defined within the Ministry of Planning and cannot be changed except by a decision of the Council of Representatives through a vote on a new administrative map of the governorates."
He added that "the issue of the oil and gas law, despite talk of obstacles related to shared lands and the ownership of oil fields, whether for Baghdad or the region, is a bigger problem because many countries are trying to ensure that such a law is not passed."

He explained that "the countries seeking to prevent the law's passage benefit from oil smuggling, the rampant corruption in the relevant ministry, and the chaos associated with this file. Some countries are trying to ensure the continuation of this scenario to guarantee the achievement of their interests."

While discussions continue within the House of Representatives and among relevant parties regarding the drafting of a law acceptable to all sides, the question remains: how long will the oil and gas law remain hostage to political disputes?

 Will the political forces succeed in reaching a formula that balances the constitutional powers of the federal government with the rights of the regions and provinces, ensuring more transparent management of oil wealth and the distribution of revenues according to legal and constitutional principles that safeguard the rights of all Iraqis?  link

Tishwash:   A currency speculation network was dismantled and illegal funds and money transfers were seized in central Baghdad.

About the news

Federal Intelligence and Investigations Agency: Dismantling a network involved in currency speculation and illegal money transfers.

Local and international sums of money were seized in the center of Baghdad.

Recording the statements of the accused, including their confessions, and having them legally ratified.

The Federal Intelligence and Investigations Agency stated in a statement on Wednesday that detachments of the Organized Crime Directorate in Rusafa, based on accurate intelligence information, were able to detect a fake office without a sign, which was being used to conduct money transfers and financial transactions in dollars outside the legal frameworks.

The agency's detachments carried out an operation that resulted in the seizure of the office and the arrest of three defendants caught in the act.

These individuals were arrested while conducting financial transactions and local and international transfers outside of legal controls.

The arrest operation came after the formation of an intelligence team, verification of information, and obtaining the necessary judicial approvals.

The statements of the accused were recorded as confessions and were judicially ratified, before they were referred to the competent judicial authorities to take legal action against them.

Meanwhile, the Ministry of Interior announced on Wednesday that the Baghdad/Rusafa Police Command carried out a security exercise and a preemptive search campaign in the Al-Nuairiyah area, with the participation of a number of security, intelligence and support formations.

She said that "the campaign targeted the pursuit of wanted individuals and the seizure of violations and unlicensed weapons, resulting in the arrest of a number of wanted individuals in accordance with Articles (28) of the Narcotics Law and (456) of the Penal Code, and (8) violators of residency conditions, and the seizure of a warehouse for selling alcoholic beverages in violation of instructions, and the arrest of (4) people in possession of unlicensed weapons, in addition to the seizure of two Kalashnikov rifles and two pistols."  link

Tishwash:  Finance Minister to World Bank: We are proceeding with the implementation of automation projects and moving them to practical steps

Finance Minister Faleh Sari affirmed to a World Bank delegation on Thursday that the ministry is committed to implementing automation projects and moving them into practical steps.

The ministry stated in a press release received by the Iraqi News Agency (INA) that "Finance Minister Faleh Sari received a World Bank delegation headed by the Regional Director for the Middle East, Dalia Khalifa, and the Bank's Country Director for Iraq, Emmanuel Salinas, to discuss financial reform, the development of financial management tools, and the automation projects the ministry is working to implement."

According to the statement, the minister emphasized that "the ministry is committed to implementing automation projects and moving them into practical steps, which will contribute to developing work procedures, increasing the efficiency of resource and data management, and enhancing oversight and transparency in financial institutions."

He also noted "the importance of the World Bank's role in supporting the automation project and benefiting from its technical expertise in developing financial systems," explaining that "cooperation with the Bank encompasses a number of vital sectors related to financial and economic reform."

For their part, representatives of the World Bank praised "the measures taken by the Ministry of Finance in developing the financial and banking sector," stressing "the Bank's commitment to continuing cooperation with the Ministry to ensure the success of joint projects in Iraq, noting the growing interest of major international companies in the Iraqi market."  link

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Tishwash:  America presents al-Zaidi with two options: restricting weapons or imposing comprehensive sanctions that will topple the government and its president.

 Baghdad seems to have woken up to the most intense wave of American warnings since the formation of Ali al-Zaidi's government.

Washington has completely lost patience with the policy of "buying time" regarding the factions and has decided to present the Prime Minister with two stark choices: either genuinely "restrict the factions' weapons" or face comprehensive sanctions that would topple him and his government from the political scene and plunge the Iraqi economy into chaos, reminiscent of the aftermath of the invasion of Kuwait.

 Al Jazeera Net, in a report reviewed by 964 Network on Wednesday (September 16, 2026), reveals that two extremely harsh American cables arrived at al-Zaidi's office. The first nullified all previous government measures and deemed his efforts to "restrict weapons" a mere formality, while the second contained direct threats of isolation and crippling sanctions. While the factions sought a diplomatic way out by softening the language to "regulating weapons" or "gradually" disarming them, the leaders of the Coordination Framework rejected this maneuver, clinging to the term "restriction" unequivocally to avoid the consequences of a confrontation with Washington. link

Reset Intelligence: Baghdad Just Priced the End of the War. 9-17-2026

Sent to Recaps: Thank you David

Reset Intelligence: Baghdad Just Priced the End of the War. 9-17-2026

By Reset Intelligence | @EXIT_FIAT

Two prices were published inside the same 24 hours, and the world's financial press covered only one of them.

The Federal Reserve raised interest rates for the first time in more than 3 years. The quieter number came out of Baghdad, and it says far more about how this ends.

The number that confesses

Iraq's 2027 budget drafters let their working price for a barrel of oil surface in the Iraqi press this week: proposals between $50 and $65, with Finance and Planning working from a $60 to $70 standard. The barrel they are pricing trades above $100. A government that lives on oil does not price its only product at half the market unless it expects the war premium to be gone before the law takes effect. The same document that carries that barrel has to carry a value for the dinar, and it reaches parliament October 15.

The neighbors run the same math

• The Fed - 25 basis points to 3.75 to 4 percent, unanimous, first hike since July 2023, 16 of 18 officials penciling in another before year end

• Kuwait - wrote its budget year on a $57 barrel, deficit forecast up 54.7 percent, planning straight through Iraq's window

• Saudi Arabia - Aramco selling crude by ship-to-ship transfer off Fujairah and Sohar, outside the Strait of Hormuz entirely

• Washington - the Sanctioning Russia and Iran Act passed the House 262 to 159 and sits on the President's desk

• Venezuela - removed from the US drug-fight failure list for the first time in 2 decades, the rehabilitation template advancing

• The street - 158,000 dinars per $100 in Baghdad on a supply squeeze, while the Central Bank of Iraq ran its paper flat at 5.25 percent and said nothing

That is the short version, the moves anyone can see. What they add up to, why the budget arithmetic amounts to a confession, and what the September 30 weapons deadline has to do with the barrel price is the daily connection work, and that lives in the full briefing.

The market is pricing the war it can see. The budgets are pricing the peace their drafters expect. Only one of those numbers is being written into law.

Read the daily Iraqi dinar briefing free for 5 days. The full analysis, every source verified, every morning.

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.

Got a dinar question? Reset Intelligence runs the Iraqi dinar research assistant: ask it anything they have published. It answers in seconds and will conduct deep research to find you the answer.

Common questions, answered straight: When will the Iraqi dinar revalue? and Is the Iraqi dinar revaluation real?

The design behind all of it is mapped in Head of the Snake, and the Iraqi dinar resource library is free.

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

News, Rumors and Opinions Thursday 9-17-2026

Ariel: A Observation So to Speak, the Reset

9-17-2026

A Observation So To Speak: The Reset

Everyone reads September 30 as a disarmament deadline. Read it the other way: it’s the last day the old security architecture exists.

Militias holding weapons and militias holding hoarded cash are frequently the same gentlemen, and the weapons deadline functions as a census. Compliance with the handover signals compliance with the financial order that follows seven days later.

Anyone who turns in weapons quietly is telling Baghdad they’ll accept the currency switch quietly. Anyone who doesn’t is identifying themselves before their money becomes toilet paper, which is the only sequence that matters to the people running this. Identification first, expropriation second. That’s not a deadline. That’s a sorting mechanism.

The plates are done. The notes are printed. But here’s the detail almost everyone missed: the print contract wasn’t a single order. It was structured with a second tranche option additional capacity reserved, not yet exercised.

Why would a central bank reserve follow-up printing capacity for a currency it just redenominated? One reason: contingency volume. If the conversion deadline triggers a flood of legitimized currency returning to the banking system, the CBI needs print runs ready to meet demand for the new unit at scale.

That reserved capacity is the institutional admission that they expect the hoards to come rushing back in the ones with provenance. The ones without? They never even get the option. The second tranche is for the honest money. The dishonest money never gets a second anything.

Count the forcing functions still live: sovereignty clock (14 days), weapons census (14 days), budget at COM (already in), SEC structure rules (Friday), physical currency in vaults (done), swap desks calmed (done), counting machines delivered (in transit), second print tranche reserved (done).

Seven moving parts, all converging inside a three-week corridor, none of which require a single vote from the people trying to slow everything down. That’s the part that should keep certain individuals in certain European banking enclaves awake at night.

Every historical currency event that got delayed got delayed in committee. This one doesn’t have a committee. It has a calendar.

Three regional embassies in Baghdad requested emergency consular staffing extensions this month specifically in their commercial sections, not political. Countries don’t surge trade attaches ahead of a currency devaluation. They surge trade attaches ahead of a currency appreciation event, because everybody wants their national firms positioned at the front of the line for post-RV Iraqi contracts denominated in a suddenly hard currency.

 The diplomats are the money indicator. When embassies move, the smart money already moved six months ago. They’re just now getting the memo.

The main event has no remaining institutional obstacles only a sequence and a date.

Everything in this bonus packet is peripheral procurement behavior. Machines, staffing, swap desks, embassy sections, reserved print capacity. Institutions are terrible at keeping secrets with their mouths and absolutely terrible at keeping them with their supply chains. The mouths are still saying “no comment.” The supply chains are screaming.

The vaults are full. The window is set. The counting machines are on trucks.

Source(s):
• https://x.com/Prolotario1/status/2100370930417738132

https://dinarchronicles.com/2026/09/17/prolotario-a-observation-so-to-speak-the-reset/

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

Walkingstick  Basel III is a big part of the monetary reform.  You're compliance with everything that is required in order for you to raise the value of your currency.  You have no restrictions against you.  You have no sanctions.   You have no liquidity issues.  You have no high inflation.  Global banks get on good terms with you the CBI and you have established that.  The CBI is telling the world they agree to global banking standards.  Basel III is part of Oliver and Wyman...They're telling the CBI the dinar must adapt to the new market...

Reset Intelligence  A budget can't exist without a rate in it...Now the part everyone is blending:  The budget doesn't SET the rate. It records it. Since a number has to go in the draft, right now that's the current 1,300 sitting there as a placeholder "for stability." ...Seeing 1,300 in the draft proves nothing either way...The budget getting written is a big step...Just don't read the placeholder number as the answer. 

Ariel   Once Iraq moves, the dam breaks. A revalued dinar, backed by oil, gold, and reconstructed reserves, resets the reference point for every suppressed currency pegged in the same basket architecture. Vietnam, Indonesia, and the rest of the “second tier” revaluation currencies all move in sequence within days to weeks of each other, not months.

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Wednesday Evening News with MarkZ.

09/16/2026

We have some interesting articles out of Iraq, FED raises rates a quarter point, and some updates from bond sources.

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

Iraq Economic News and Points To Ponder Thursday Morning 9-17-26

Oil Falls As Saudi Arabia Boosts Oman Supply

2026-09-16 17:29   Shafaq News   Oil prices fell on Wednesday after reports that Saudi Arabia was offering additional crude cargoes ​through Oman eased some concerns about Middle East supply disruptions, while a smaller-than-expected draw in US crude inventories added further downward pressure.

Brent crude futures fell $2.92, or ‌2.7%, to settle at $105.83 a barrel. US West Texas Intermediate futures fell $3.40, or 3.2%, to close at $102.43.

Saudi Arabia is offering more loadings of crude oil to Asian refiners via ship-to-ship transfers off Oman's Sohar port, people familiar with the matter said, blunting some of the hit to global supply from attacks on the country's East-West pipeline to the Red Sea.

"News around Saudi Arabia exporting from the Gulf suggests concerns that the disruption could be larger are easing," said ​UBS analyst Giovanni Staunovo.

Oil prices had gained more than $3 in the previous session after shipping industry sources said crude loadings at Saudi Arabia's Red Sea export hub of Yanbu had ​been suspended and Riyadh had cancelled some cargo deliveries to European customers. The suspension followed strikes on the East-West pipeline, which feeds the Saudi port of ⁠Yanbu.

Yanbu became Saudi Arabia's main outlet for oil exports after Iran began blockading the Strait of Hormuz after US and Israeli attacks on the country at the end of February. Prior to the ​war, Hormuz was the conduit for one-fifth of the world's oil and liquefied natural gas supply.

Visible vessel passage through the Strait of Hormuz remained in the single digits at four on Tuesday, down from ​seven a day earlier, preliminary shipping data showed on Wednesday. That was well below the 10-day average of 18.

Oil prices came under further pressure after the US Energy Information Administration on Wednesday reported a smaller-than-expected draw from US crude inventories last week. Crude oil stocks in the top-producing nation fell about 640,000 barrels last week, the EIA data showed, compared to expectations of a 1.62 million barrel draw according to a Reuters poll of ​energy analysts.

US gasoline and distillate inventories rose last week, EIA data showed. The rise in diesel inventories was bigger than expected, while gasoline stockpiles were expected to have declined last week, according to ​the Reuters poll.

The data was bearish for oil prices as it showed refined product stockpiles are maintaining themselves and even rising slightly while crude oil declines are flatlining, said John Kilduff, a partner at Again Capital.

Other analysts warned ‌the data has ⁠done little to change a market that remains on tenterhooks as violence continues to escalate in the Middle East.

"All in all, today's data did little to sway us away from a long-standing bullish trading stance where buying significant price pullbacks remains much preferable to any attempts to pick a top to this bull market," oil trading advisor Ritterbusch and Associates told clients in a note.

Tensions ratcheted higher in the Middle East as Saudi warplanes pounded Yemen and Iran-backed Houthi fighters launched drones and missiles at Saudi cities. The Houthis, who have swept through Yemeni towns along the Red ​Sea since last week, said they had launched fresh ​strikes on Yanbu.

Citi expects near-term escalation ⁠in the Middle East to continue supporting crude oil and refined fuel prices before the Strait of Hormuz eventually reopens in the fourth quarter of 2026 with support from regional diplomatic efforts, the bank said in a note.

Diesel has become the top concern in global oil markets as ​tensions escalated in recent weeks, as the Middle East is a top supplier of both the fuel and the types of crude oil grades ​best suited for its ⁠production. Ukrainian attacks on refineries in Russia, another major diesel supplier, have further tightened the market and sent prices to record highs.

European gasoil futures, a benchmark for diesel prices, settled at a record high on Tuesday. US ultra-low sulfur diesel futures also settled at a record high on Tuesday.

"Europe has lost substantial diesel and jet fuel supply from the Middle East, while ongoing tensions in Eastern Europe have disrupted output ⁠at several ​major Russian refineries and prompted Moscow to restrict fuel exports," said Frank Walbaum, market analyst at Naga.com.

The Russian government has decided ​to extend restrictions on diesel exports for fuel producers until the end of October, Vedomosti daily reported late on Tuesday, citing two unidentified sources.

"I would expect, unless there is a peace deal or an improvement in the situation in Russia, that ​diesel prices stay supported," said Staunovo at UBS.    (Reuters)

https://www.shafaq.com/en/Economy/Oil-Falls-as-Saudi-Arabia-Offers-More-Crude-Through-Oman

Oil Prices Retreat On New Saudi Oman Route

2026-09-17 01:16   Shafaq News   Oil prices eased in Asian trade on Thursday, extending losses on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply disruptions, but stayed above $100 on concerns about the Middle East conflict expanding.

Brent crude futures dropped 19 cents, or 0.2%, to $105.64 a barrel by 0347 GMT, while U.S. West Texas Intermediate futures were down 33 cents, or 0.3%, at $102.10. Both contracts fell about $3 on Wednesday.

"Concerns over supply tightness eased slightly following news that Saudi Arabia would ship cargo via Oman," said Hiroyuki Kikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities.

"Expectations of progress toward easing tensions in the Middle ⁠East ahead of U.S.-China summit next week are also capping price gains," he added.

Saudi Arabia is offering more loadings of crude oil to Asian refiners via ship-to-ship transfers off Oman's Sohar port, people familiar with the matter said, blunting some of the hit to global supply from attacks on the Saudi Arabia's East-West pipeline to the Red Sea.

However, some analysts were expecting these flows to only ease a portion of the supply loss from the kingdom's Red Sea port, capping the declines in oil prices.

The pick-up in flows through the Strait of Hormuz "is only partly offsetting lost export barrels following drone attacks that shut Saudi Arabia's East-West pipeline," Saxo Bank analysts said in a note.

Oil prices rose to about four-month highs earlier this week after shipping industry sources said crude loadings at ⁠Saudi Arabia's Red Sea export hub of Yanbu had been suspended and Riyadh had cancelled some cargo deliveries to European customers. The suspension followed attacks on the East-West pipeline, which feeds the Saudi port of Yanbu.

Yanbu became Saudi Arabia's main outlet for oil exports after Iran began blockading the Strait of Hormuz after the U.S. and Israel attacked the country at the end of February. Prior to the war, Hormuz was the conduit for one-fifth of ⁠the world's oil supply.

Two pumping stations serving the East-West pipeline were damaged in an attack last week, with a repair timeline unclear, according to assessments from three oil and security sources.

Despite the oil price decline on Thursday, worries about the intensifying Middle East war remain.

Saudi warplanes pounded Yemen and Houthi ⁠fighters launched drones and missiles at Saudi cities, the Iran-backed movement said on Wednesday, after a lightning advance that has extended Tehran's reach in the Middle East war.

Singapore's DBS Bank assumes in its base case scenario for the fourth quarter that the U.S. ⁠war with Iran will dial down and Brent will stabilise in the $85 to $95 range.

"However, under the bear case scenario currently prevailing, with attacks and incidents in Hormuz and Red Sea continuing, prices could spike towards $120/bbl levels before potentially normalising back towards $100/bbl," DBS Bank's head of energy research, Suvro Sarkar, said.

(Reuters)  https://www.shafaq.com/en/Economy/Oil-prices-retreat-on-new-Saudi-Oman-route

USD/IQD Exchange Rates Surge In Baghdad, Erbil

2026-09-17 04:01   Shafaq News- Baghdad/ Erbil   The US dollar opened higher against the Iraqi dinar in Baghdad and Erbil on Thursday, hovering around 159,000 dinars per $100.

According to a Shafaq News market survey, the dollar traded at 158,850 dinars per $100 at Baghdad’s Al-Kifah and Al-Harithiya central exchanges, up from 157,250 dinars at Wednesday’s open.

In Baghdad’s currency exchange shops, the dollar was selling at 159,250 dinars per $100 and buying at 158,250 dinars.

In Erbil, exchange shops sold $100 for 158,500 dinars and bought it for 158,400 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-surge-in-Baghdad-Erbil-0-5-0

German Exports To Iraq Hit $669M In Six Months

2026-09-16 10:07   Shafaq News- Baghdad/ Berlin   German exports to Iraq rose from $284 million in the first quarter of 2026 to $385 million in the second, bringing the first-half total to about $669 million, according to Germany’s Federal Statistical Office.

Among the products listed, tractors and pharmaceutical products for therapeutic or preventive use led at about $54 million each, followed by blood products, vaccines and immunological preparations at $39 million and passenger vehicles at $37 million.

Packaging machinery accounted for $23 million, electrical control and distribution equipment $22.8 million, and medical and surgical instruments $20.7 million. Centrifuges and filtering or purification machinery totaled $14.4 million, while refrigeration equipment, refrigerators and freezers reached $2.4 million.

https://www.shafaq.com/en/Economy/German-exports-to-Iraq-hit-669M-in-six-months

US: Hormuz oil flows hit 18M barrels

2026-09-16 11:22   Shafaq News- Washington   US Energy Secretary Chris Wright, on Wednesday, said oil flows through the Strait of Hormuz had reached a single-day peak of nearly 18 million barrels, while the seven-day average had risen to around 11 million barrels per day.

Preliminary ship-tracking data showed that only four vessels crossed the strait on Tuesday, well below the 10-day average of 18, Reuters reported. Some vessels may have passed through with their tracking systems switched off.

Meanwhile, Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Wednesday that it had shot down a US-made MQ-9 drone over Qeshm Island in the Strait of Hormuz. The US had not immediately confirmed the claim.

The IRGC also said on Tuesday that it had downed three MQ-1 drones over and around the strategic waterway.

https://www.shafaq.com/en/Economy/US-Hormuz-oil-flows-hit-18M-barrels

Seeds of Wisdom RV and Economics Updates Thursday Morning 9-17-26

Good Morning Dinar Recaps,

FED TURNS HAWKISH: FIRST RATE HIKE IN THREE YEARS OPENS A NEW PHASE FOR THE DOLLAR, DEBT AND GLOBAL CURRENCIES

THE FEDERAL RESERVE HAS RAISED INTEREST RATES FOR THE FIRST TIME SINCE 2023 WHILE SIGNALING THAT ANOTHER HIKE COULD FOLLOW, ADDING NEW PRESSURE TO DEBT, BONDS, THE DOLLAR AND GLOBAL CURRENCY FLOWS.

 OVERVIEW

• The Federal Reserve raised its benchmark interest rate by 0.25 percentage point to 3.75%–4.00%, marking its first rate increase in more than three years as inflation remains above the Fed's 2% target.

• The Fed's latest projections point to another possible rate increase in 2026, with 16 of the 18 policymakers who submitted rate projections expecting at least one more quarter-point increase before the end of the year.

• The significance extends beyond U.S. interest rates. Higher-for-longer borrowing costs can affect Treasury yields, government debt-service costs, the dollar, international capital flows and currencies around the world.

KEY DEVELOPMENTS

1. The Fed Has Begun Raising Rates Again

The Federal Reserve raised the federal funds target range by a quarter percentage point to 3.75%–4.00%, its first increase since July 2023.

The decision reflects continued concern about inflation. The Fed said inflation remains elevated and that the latest policy action is intended to support a more timely return toward its 2% inflation goal.

This marks an important change from the rate-cut expectations that dominated much of the previous monetary-policy cycle.

2. Another Rate Increase Is Now Part of the Outlook

The Fed's September projections show a significant shift in expectations.

Sixteen of the 18 policymakers who submitted projections expect at least one more rate increase during 2026. The median projections also show rates remaining relatively elevated through 2027 before gradual easing resumes later.

That does not guarantee another hike. Monetary policy remains dependent on incoming economic and inflation data.

But the message to financial markets is clear: the Fed is no longer signaling an easy path toward lower interest rates.

3. Inflation and Energy Costs Are Complicating the Picture

The rate increase comes while energy prices remain a major source of inflationary pressure.

The Fed's latest projections raised its expected 2026 inflation rate, with the Personal Consumption Expenditures price index now projected at 3.7% for the year.

The combination of elevated energy prices and persistent inflation creates a difficult policy environment.

Higher energy costs can feed into transportation, manufacturing and consumer prices, while higher interest rates are used to restrain demand and prevent inflation from becoming more persistent.

Energy pressure and monetary tightening are therefore becoming interconnected parts of the same financial story.

4. Higher Rates Increase Pressure on Government Debt

Interest rates matter not only to consumers and businesses but also to governments.

The United States must continually refinance existing debt while issuing new Treasury securities to finance government operations.

When interest rates and Treasury yields remain elevated, the cost of servicing that debt can rise over time.

That creates a larger connection between monetary policy and fiscal policy:

Higher Rates → Higher Borrowing Costs → Higher Debt-Service Expense → Greater Fiscal Pressure

This is one reason the Fed's policy direction matters far beyond the banking system.

5. The Dollar and Global Currencies Enter a New Phase

Changes in U.S. interest rates can influence international capital flows because investors compare returns and risks across currencies and financial markets.

A more restrictive Federal Reserve can support demand for dollar-denominated assets, while higher U.S. yields can affect the relative attractiveness of other currencies and government bonds.

Reuters reported that the dollar strengthened following the Fed decision, while short-term Treasury yields moved higher and longer-term yields showed a more restrained response.

For foreign currency holders, this is an important reminder that currency values are connected to interest-rate differentials, inflation, trade flows, debt levels and investor demand.

WHY IT MATTERS

The Federal Reserve's return to rate increases adds another layer to an already complicated global financial environment.

Energy prices are affecting inflation. Inflation is influencing central-bank policy. Central-bank policy is influencing bond yields and borrowing costs. Those changes then feed into government debt, currencies and international capital flows.

The bigger story is therefore not simply one Fed rate increase.

It is the interaction between inflation, energy, debt, interest rates and currencies that could shape the next stage of the global financial system.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Readers hold foreign currency with the hopes that it will increase in value when the Global Reset occurs.

The current Fed decision does not announce a currency revaluation, an RV, a reset date or a guaranteed change in the value of any foreign currency.

What it does provide is another piece of evidence showing how the global financial environment continues to change.

Hope is understandable. Evidence is essential.

For currency holders, the important signals to watch include interest-rate differentials, sovereign debt, trade balances, payment-system developments, central-bank policy, commodity flows and changes in international settlement practices.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1 — Debt and Bond Markets

Higher interest rates place additional pressure on governments, corporations and consumers carrying debt.

The longer rates remain elevated, the more important refinancing costs and Treasury yields become to the broader financial system.

• Pillar 2 — Currencies and Capital Flows

Interest-rate differences between countries can influence where global capital moves.

A stronger dollar can create additional pressure on currencies that face weaker yields or greater economic and financial risks.

• Pillar 3 — Energy and Inflation

Energy prices remain an important variable because disruptions to oil supplies can affect transportation, production and consumer prices.

That creates a direct connection between geopolitical events, inflation and central-bank policy.

RUMOR SAFETY REMINDER

A Federal Reserve rate increase is not an announcement of a Global Currency Reset, RV, currency revaluation or specific reset date.

Financial-system changes should be followed through documented policy decisions, official announcements, market data and actual changes in financial infrastructure rather than predictions or guaranteed timelines.

THE BOTTOM LINE

The Federal Reserve has now entered a new phase by raising rates for the first time since 2023, while its latest projections point toward the possibility of another increase before the end of 2026.

The significance goes beyond the Fed itself.

Higher rates can affect Treasury yields, government debt costs, the dollar, international capital flows and currencies around the world.

The global financial system is being shaped by several forces at once — energy costs, inflation, debt, interest rates and changing currency flows.

The next stage of financial-system change may be determined not by one event, but by how these pressures interact.

Seeds of Wisdom Team
Newshounds News

SOURCES

1. Federal Reserve — "Federal Reserve issues FOMC statement"

2. Reuters — "Fed policymakers forecast one more rate hike this year"

~~~~~~~~~~

🌱 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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Follow the Gold/Silver Rate COMEX

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Thank you Dinar Recaps

Is Iraq Ready To Revalue the Dinar?

Is Iraq Ready To Revalue the Dinar?

The Dinar Den: 9-16-2026

Stephen, an entrepreneur and seasoned investor in the Iraqi currency, provides a detailed analysis of Iraq’s current economic trajectory. The core of this discussion relies on a comprehensive report compiled by an IT systems expert named Kenny.

This meticulously drafted report evaluates Iraq’s systemic readiness for major currency reform, focusing on key structural changes rather than the speculative rumors that often dominate the conversation.

A major focus of Kenny’s report is the rapid modernization of Iraq’s digital payment frameworks and its broader banking restructuring. For any nation seeking to stabilize or revalue its currency, a robust and secure technological infrastructure is an absolute necessity.

The host explains that Iraq has been systematically upgrading its electronic banking networks, aligning its domestic financial institutions with international standards.

These updates allow for seamless transaction processing and greater financial inclusion, representing the essential technological foundation required to support a modern, globally integrated economy.

In addition to technological upgrades, the report highlights Iraq’s stringent efforts regarding liquidity control and the enforcement of anti-money laundering measures. To regain the trust of international markets and global financial institutions like the International Monetary Fund, the Central Bank of Iraq has implemented rigorous regulatory compliance standards.

By actively mitigating illicit capital flight and managing domestic cash circulation, Iraqi authorities are demonstrating a serious commitment to fiscal discipline. This regulatory shift is a vital step toward stabilizing the economy and ensuring that any future monetary adjustments are sustainable over the long term.

When these various initiatives are viewed collectively, they closely mirror the established pre-currency reform pathways historically taken by other developing nations.

While the video explicitly notes that there has been no official announcement regarding an exchange rate change or immediate revaluation, the convergence of institutional, technological, and regulatory reforms indicates a clear direction of travel.

Iraq is systematically checking the boxes required to transition its economy away from a cash-dominant, isolated system toward a highly regulated, modern financial model capable of handling significant economic shifts.

Despite the growing wave of optimism surrounding these positive economic indicators, Stephen urges his audience to remain grounded and maintain a realistic perspective. Speculative investing in foreign currencies carries inherent risks, and there are never any absolute guarantees when dealing with complex macroeconomic reforms.

While the progress highlighted in Kenny’s report is undeniable and highly encouraging, patience remains a critical asset for observers.

https://www.youtube.com/watch?v=K1jnbCLyafo

Iraq Economic News and Points To Ponder Wednesday Afternoon 9-16-26

Exclusive | News of the dollar cutoff in Iraq fuels speculation and raises the exchange rate

September 16, 2026Last updated: September 16, 2026

The Independent - The Iraqi market has witnessed a new wave of increases in dollar exchange rates in recent days, coinciding with a significant increase in demand for the US currency, amid a state of anxiety fueled by news circulating about the possibility of imposing new restrictions on dollar flows to Iraq in the coming period.

An informed source told the Independent Press Agency that one of the main reasons behind the recent rise in the exchange rate is the news that has spread widely during the past hours and days regarding the possibility of cutting off or restricting the dollar to Iraq, which prompted a number of speculators and dealers to move quickly to buy the American currency.

According to the source, the market has witnessed unusually large withdrawals of dollars in recent days, amid concerns among some traders about a possible shortage in supply if the circulating news turns into actual actions.

He added that the state of anxiety opened the door for speculators to raise prices, as the increased demand in conjunction with the circulating news led to increased pressure on the parallel market and accelerated the movement of the exchange rate.

The source indicated that the mere spread of talk about the possibility of cutting the dollar or tightening restrictions on it was enough to push the market into a state of tension, even before any official decision was announced in this direction.

Conversely, official data published to date does not show any announcement from the Central Bank of Iraq regarding cutting off dollar supplies to Iraq. On the contrary, in June 2026, the Central Bank affirmed its commitment to meeting legitimate demand for dollars within established regulations, while its measures during the year included regulating access to foreign currency, tightening compliance requirements, and reforming the banking sector.

Furthermore, the officially announced restrictions focus on specific banks and companies barred from dealing in dollars, rather than a complete cutoff of dollars to Iraq. The Central Bank clarified in February that institutions on the restricted lists cannot participate in dollar transactions, either directly or indirectly.

These developments reveal the sensitivity of the Iraqi market to any news related to the dollar or the financial relationship with the United States, as unconfirmed news can quickly turn into an actual demand for the currency, and then into speculation that raises prices in the market.

The source believes that the current problem is not only related to the amount of dollars available, but also to the state of fear created by the news circulating about the next stage, which prompted some traders, citizens and speculators to hold onto dollars or increase their purchases in anticipation of any possible measures.

All eyes remain on the coming days to see if official bodies will issue clarifications regarding the circulating news, amid anticipation in the market for any stance that could reduce anxiety and lessen the pace of speculation.

Thus, it appears that news of the possibility of cutting off or restricting the dollar to Iraq has become, in itself, one of the main drivers of the recent jump in the

exchange rate, so far, rather than an official announcement confirming that the dollar has actually been cut off to the country.

https://mustaqila.com/خاص-أخبار-قطع-الدولار-عن-العراق-تشعل-ا/

In Detail... Al-Zaydi's Advisor Reveals To Shafaq News The Features And Challenges Of The 2027 Budget

2026-09-16 07:39  Shafaq News - Baghdad   On Wednesday, the Prime Minister’s financial and economic advisor, Mazhar Muhammad Salih, revealed the most prominent features and challenges facing Iraq’s 2027 budget, stressing that its final form is not yet clear, pending the approval of the draft law by the Council of Ministers and its referral to the House of Representatives.

Saleh told Shafaq News Agency that "the full picture of Iraq's 2027 budget is not yet clear, unless the Council of Ministers finishes discussing and approving the draft federal general budget law and refers it to the House of Representatives."

He explained that “initial indicators alone are not sufficient to judge the trends of fiscal policy in the coming year, unless the estimates of revenues and the ceiling of spending, in its operational and investment aspects, and the priorities of programs and projects, especially investment ones, are definitively clarified, as well as the size of the planned deficit and the assumptions regarding the average price of a barrel of oil and the expected export quantities.”

Saleh added that these indicators are of exceptional importance in light of the economic and financial conditions that Iraq is going through, explaining that “any unrealistic estimate of revenues or expenditures can directly affect the size of the deficit and the need for financing, and the state’s ability to continue implementing its investment programs and fulfilling its operational obligations.”

Saleh pointed out that “the initial features indicate that the 2027 budget project was designed, to a large extent, on assumptions closer to the conditions of economic peace and stability, and that some of its indicators and constants mimic the trajectories of a fiscal base year that preceded the war and the Hormuz crisis that erupted on February 28 of this year, and the accompanying disturbances, losses and significant economic damages that Iraq suffered.”

He went on to say that the main challenge is whether a budget based on stability assumptions can accommodate an economy that is still dealing with the repercussions of war and regional unrest and their impact on trade, transport, energy, oil prices, import costs and supply chains.

Saleh pointed out that adopting assumptions closer to peace economics may be understandable from the perspective of maintaining a stable financial path, but it requires, in return, providing financial safety margins to confront unexpected developments, especially since the Iraqi economy still depends to a large extent on oil revenues.

According to Saleh, the continued uncertainty should not lead to abandoning the policy of fiscal discipline, stressing that what is required is not to increase spending simply to confront the effects of the crisis, but rather to direct public spending towards priorities with the greatest economic and developmental impact.

He noted that "the oil assumption remains one of the most important keys to understanding the 2027 budget," explaining that the expected oil price and export volumes represent the basis upon which the budget's ability to finance public spending is built, indicating that the widening gap between the oil assumptions on which the budget was built and the actual reality of the markets increases the pressure on public finances.

According to the government advisor, excessive optimism about oil prices or export volumes may increase the risk of deficits, while excessive conservatism may restrict the financing of necessary spending and public investment, stressing the importance of adopting realistic and conservative oil assumptions, along with developing alternative scenarios to deal with lower prices, reduced export volumes, or higher unexpected expenditures.

He stressed that "the most important aspect of the 2027 budget is the investment spending priorities," explaining that the question is not only about the size of the investment spending, but also about the sectors and projects to which the resources will be directed and the expected economic and social return from them.

Saleh believes that the post-war and post-crisis phase requires directing resources towards sectors capable of restoring economic activity and promoting growth, while giving priority to projects that address the basic bottlenecks in energy, transportation, water, infrastructure and services, as well as projects that can contribute to stimulating the private sector and expanding the production base, noting the need to achieve a balance between investment and operational spending.

He warned that the continued expansion of operating expenses limits the resources available for investment, while an ill-considered reduction in operating spending could affect the ability of state institutions to provide basic services, adding that "the real challenge facing the 2027 budget lies not only in the size of the figures, but also in its ability to withstand changes."

He explained that the initial features of the 2027 budget "will remain subject to change until the Cabinet approves it in its final form," noting that a more accurate reading of its directions will be possible after its approval, by comparing the expected revenues with the spending ceiling, the size of the deficit, oil assumptions, the composition of operational and investment spending, and the priorities of programs and projects.

Saleh concluded by saying that the upcoming budget faces a "difficult equation" which is to maintain fiscal discipline, prevent waste, and provide funding for priority programs, while leaving financial space to address the repercussions of war and regional unrest. He explained that the success of the 2027 budget will not be measured only by the mathematical balance between revenues and expenditures, but also by its ability to manage risks, protect financial stability, and direct limited resources towards priority uses.

Earlier on Wednesday, economist Nabil Al-Marsoumi identified five major obstacles facing Iraq’s budget for next year, while also warning of a financial deficit that could exceed 60 trillion Iraqi dinars.

This statement comes as the Iraqi Ministry of Finance intends to send the draft general budget law for 2027 to the House of Representatives on October 15, according to what Jamal Kojar, a member of the parliamentary finance committee, told Shafaq News Agency on Monday.

The government’s commencement of preparing the 2027 budget comes after two years of the absence of an effective federal budget with approved schedules; as the 2025 budget schedules were not approved, nor was a budget law for 2026 approved, despite the House of Representatives approving the three-year budget law for the years 2023, 2024 and 2025.

The 2025 budget, in its updated form, could not be implemented after its schedules were not approved within the House of Representatives and the fiscal year ended, which prompted the Ministry of Finance to adopt a temporary disbursement mechanism at a rate of 1/12 based on the Financial Management Law to secure salaries and governing expenses.

The 2026 budget was also not approved due to political complexities and economic pressures resulting from regional tensions and energy market volatility, so Iraq continues to manage its spending according to the temporary spending mechanism while awaiting the new federal budget.

  https://www.shafaq.com/ar/اقتصـاد/بالتفاصيل-مستشار-الزيدي-يكشف-لشفق-نيوز-ملامح-وتحديات-موازنة-2027

  Vance: Traffic Through Strait of Hormuz Has Returned to More Than 50% of Capacity

  Iraqi News Agency Wednesday,  9/16/2026 *Follow-up - INA - 9/16/2026 (Iraq Time)  

U.S. Vice President J.D. Vance on Wednesday said that traffic through the Strait of Hormuz has returned to more than 50% of its capacity.  

Vance told the New York Post, “I agree with the president that the war could end immediately after the midterm elections,” noting that “Iran will continue to lose control of the Strait of Hormuz until the elections.”  

He added that “shipping traffic through the Strait of Hormuz has returned to more than 50% of normal levels.”  

https://ina.iq/en/international/52050-vance-traffic-through-strait-of-hormuz-has-returned-to-more-than-50-of-capacity.html

Insiders Buying Gold - Public is Next | Andy Schectman

Insiders Buying Gold - Public is Next | Andy Schectman

Liberty and Finance:  9-16-2026

Andy Schectman warns that tightening global oil supplies could trigger another wave of inflation just as central banks face limited room to respond.

He argues that rising Treasury yields, declining confidence in U.S. debt and increasing gold purchases reflect a broader trend toward what he calls “detreasurization.”

Schectman also explains how BRICS nations are building alternative payment infrastructure designed to reduce reliance on Western financial rails without necessarily creating a common currency.

The conversation breaks down the trade-offs between physical precious metals, private vault storage, precious-metals IRAs, tokenized gold and ETFs, with Schectman emphasizing ownership, auditing, and the ability to take possession.

 He also discusses the growing adoption of tokenized metals and state-level efforts to facilitate gold and silver transactions as the global monetary system continues to evolve.

INTERVIEW TIMELINE:

0:00 Intro

2:30 Asset price distortion

11:00 BRICS meeting

17:20 Gold storage

30:00 Constitutional money

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

Ariel: The September 15-30 Window Where it all Converges

Ariel:  The September 15-30 Window Where it all Converges

9-16-2026

The Clarity Actual Factuals: The Red Bottom Line

The Clarity Act was never the timer.
The SEC was never waiting on Congress.
The RV was never waiting on the Clarity Act.

All three are moving on executive and agency authority timelines that were set in January 2025 and have been executing on schedule ever since. Congress is a stage. The Senate vote was a scene.

The real operation is already in its final phase, and the man who set it in motion is watching the actors panic over their lines while the director has already called the take.

THE GOLD LEDGER — WHY TRUMP DOESN’T NEED CONGRESS

Donald Trump has the gold. The US Treasury’s gold reserves at Fort Knox, West Point, and Denver approximately 261.5 million troy ounces if the certificates are accurate represent the largest sovereign gold position on the planet.

The Rothschild-managed LBMA paper gold system has been suppressing the physical price through fractional reserve leasing for decades. But paper gold isn’t gold. And when the physical audit hits which Executive Order 13818’s successor provisions have been quietly advancing the paper-to-physical ratio collapses and the true price discovery mechanism reasserts itself.

THE SEPTEMBER 15-30 WINDOW — WHERE IT ALL CONVERGES

Today, September 15, 2026:

– The Clarity Act cloture failed at 49-50. The press is screaming. The crypto markets are twitching. The Senate floor is a circus.

– The SEC’s regulatory framework is proceeding without congressional authorization.

– The 2027 Iraqi budget arrives at the Council of Ministers with redenomination language the currency switch CBI Governor Nizar Nasser Hussein confirmed publicly.

– The new Iraqi currency has been physically in country since early September. Pallets. Planes. Vaulted.

– POTUS posted the escalator clip with the currency exchange window visible in the frame.

– Al-Zaidi’s September 30 sovereignty deadline creates the forcing function.

– Trump stands at the Resolute Desk, Diet Coke sweating, and looks like he’s got somewhere to be.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/clarity-actual-169642373

https://dinarchronicles.com/2026/09/15/prolotario-the-september-15-30-window-where-it-all-converges/

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 9-16-26

Good Afternoon Dinar Recaps,

SAUDI OIL SHIFT: RIYADH REROUTES CRUDE THROUGH OMAN AS PIPELINE DAMAGE REWIRES GLOBAL ENERGY FLOWS

Saudi Arabia is rerouting additional crude through Oman after damage to its East-West pipeline disrupted its Red Sea export route, creating a new test for global energy supply chains, shipping routes and financial stability.

 OVERVIEW

• Saudi Arabia is increasing crude shipments to Asian refiners through ship-to-ship transfers off Sohar, Oman. Saudi Aramco has offered Arab Light, Arab Medium and Arab Heavy crude for loading through this alternative route outside the Strait of Hormuz.

• The rerouting follows damage to Saudi Arabia's East-West pipeline and the suspension of crude loadings at the Red Sea port of Yanbu. Some European customers have also been notified that September cargoes could be cancelled, while Asian shipments have faced delays.

• The global oil market is beginning to adjust to the disruption rather than simply waiting for the pipeline to reopen. Oil prices eased Wednesday as U.S. inventories increased, but Brent remained above $100 a barrel while concerns about Middle Eastern supply continued.

KEY DEVELOPMENTS

1. Saudi Arabia Creates a New Route Through Oman

Saudi Arabia is responding to the pipeline disruption by finding another way to move crude toward Asian customers.

Saudi Aramco has offered several grades of crude for loading through ship-to-ship transfers off Sohar, Oman, which lies outside the Strait of Hormuz.

The development demonstrates how quickly physical energy infrastructure can be reorganized when a traditional export route becomes unavailable.

Instead of relying exclusively on the damaged East-West pipeline to move crude toward the Red Sea, Saudi Arabia is increasingly looking toward alternative maritime arrangements.

This is not simply a change in shipping schedules.

It is a change in the route through which physical energy reaches international markets.

2. The East-West Pipeline Remains a Critical Pressure Point

Saudi Arabia's East-West pipeline was designed to provide an alternative route for moving crude from the kingdom's eastern oil fields toward the Red Sea.

That route became especially important after disruptions around the Strait of Hormuz made alternative export capacity more valuable.

Damage to the pipeline has now forced Saudi Arabia to reconsider how much crude can move through the Red Sea.

Reuters reports that crude loadings at Yanbu have been suspended, while some European customers have been told that September cargoes will be cancelled.

The result is a redistribution of available Saudi crude rather than a simple disappearance of demand.

3. Asian Buyers Are Becoming a Major Focus

The new Oman arrangements are particularly significant because Saudi Arabia is offering crude through Sohar to Asian term buyers.

Asia is a major destination for Middle Eastern crude, making the ability to maintain supplies to Asian refineries especially important.

The move also demonstrates why transportation infrastructure matters so much to the global financial system.

Oil can exist underground in enormous quantities, but it has little value to an overseas refinery unless it can be safely transported from producer to buyer.

That makes pipelines, ports, tankers and maritime chokepoints part of the global financial infrastructure.

4. Oil Prices Are Reacting to Both Risk and Supply Relief

The market response on Wednesday illustrates the complexity of the current situation.

Brent crude fell during the day after reports of Saudi Arabia's additional Oman shipments helped ease some concerns about the scale of the supply disruption.

An increase in U.S. crude inventories also put downward pressure on prices.

Reuters reported Brent at approximately $105.83 per barrel in afternoon trading, while WTI was around $102.51.

The decline does not mean the underlying energy problem has disappeared.

Instead, the market is weighing two competing forces:

Alternative Supply Routes → Reduced Immediate Shortage Risk

versus

Pipeline Damage + Shipping Disruption → Continuing Supply Risk

That tension could keep oil markets unusually sensitive to every new development.

5. The Global Energy Map Is Being Rewritten

The most important development may be the change in the physical map of energy flows.

Saudi Arabia previously relied heavily on its East-West pipeline to move crude toward Yanbu and the Red Sea.

Now, with that route damaged, crude is being redirected through different ports and shipping arrangements.

Other Gulf producers are also seeking ways to move supplies while navigating restrictions and security concerns around the Strait of Hormuz.

This means the current crisis is producing more than a temporary price reaction.

It is forcing energy companies and governments to reconsider which routes, ports and infrastructure are essential to global energy security.

WHY IT MATTERS

The Saudi oil rerouting is important because it shows how a physical disruption can produce a financial response long before the full effect of a supply shortage becomes visible.

• When a pipeline is damaged, producers must find another route.

• When shipping routes become dangerous, insurance and transportation costs can rise.

• When deliveries are delayed or cancelled, buyers must search for alternative supplies.

• And when markets become uncertain about future availability, oil prices can become more volatile.

The global energy system is not simply responding to higher prices—it is being forced to reorganize how energy moves.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Readers hold foreign currency with the hopes that it will increase in value when the Global Reset occurs.

Today's development matters because energy flows influence trade balances, inflation, interest rates and currency values.

Countries that import large quantities of oil can face higher costs when energy prices rise or transportation routes become more expensive.

Oil-producing countries, meanwhile, can experience changes in export revenues and capital flows depending on both production and the ability to deliver crude to international buyers.

However, today's Saudi rerouting does not guarantee any currency revaluation or establish a date for a Global Reset.

The important development is the changing structure of global energy and trade infrastructure.

Watch the infrastructure. Watch the flows. Hope, but don't follow the hype.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1 — Energy

Energy security is becoming increasingly connected to financial security.

A pipeline, port or shipping route can become a critical financial asset when it determines whether millions of barrels of oil can reach international markets.

The Saudi response demonstrates that countries may increasingly seek multiple export routes and backup infrastructure to reduce vulnerability to a single chokepoint.

• Pillar 2 — Trade and Supply Chains

The shift toward Oman demonstrates how geopolitical disruption can change established trade routes.

Asian refiners may receive crude through different loading arrangements.

European buyers may need to find alternative suppliers.

Shipping companies may adjust routes based on security and availability.

These changes can eventually influence transportation costs, trade balances and inflation.

• Pillar 3 — Financial Stability

The connection between energy and finance becomes especially important when oil prices remain elevated.

Higher energy costs can increase inflation.

Higher inflation can influence central-bank decisions.

Higher interest rates can raise borrowing costs.

And higher borrowing costs can place additional pressure on governments and businesses already carrying substantial debt.

The chain is therefore:

Energy Disruption → Trade Adjustment → Inflation Pressure → Interest Rates → Debt Costs → Financial Markets

RUMOR SAFETY REMINDER

⚠️ Saudi Arabia's rerouting of crude through Oman is NOT an announcement of a Global Reset or currency revaluation.

It is a documented response to damage affecting an important Saudi oil-export route.

The financial consequences will depend on how long the pipeline remains disrupted, how much alternative capacity is available, and whether additional shipping or energy infrastructure is affected.

Follow the evidence. Watch the infrastructure. Don't follow the hype.

THE BOTTOM LINE

Saudi Arabia's decision to offer more crude through Oman shows that the global energy system is already adapting to the disruption rather than simply waiting for normal conditions to return.

Today's lower oil prices do not erase the underlying problem. Instead, they show how markets are balancing alternative supply routes, U.S. inventories and continuing geopolitical risks.

The bigger story is not simply where the price of oil goes next—it is how the world's energy producers, buyers and shipping networks are being forced to redesign the routes that keep global commerce moving.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

1. Reuters — "Saudi offers more crude via Oman loading after pipeline attacks, sources say"

2. Reuters — "Oil slips as Saudi Arabia offers more crude via Oman"

~~~~~~~~~~

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