Seeds of Wisdom RV and Economics Updates Tuesday Morning 10-6-26

Good Morning Dinar Recaps,

INDIA RESET WATCH: U.S.–INDIA TRADE TALKS STALL AS TARIFF PRESSURES THREATEN GLOBAL COMMERCE

Trade negotiations between the United States and India have reached a difficult point as tariff threats, Russian oil purchases and competing economic priorities put pressure on one of the world's most important trade relationships.

 OVERVIEW

• Trade talks have stalled: India's finance minister says further compromises with the United States could be difficult, although negotiations continue.

• Tariff risks are rising: Potential U.S. tariffs tied to purchases of Russian oil could complicate India's energy strategy and access to its largest export market.

• Global markets face uncertainty: Trade restrictions could affect supply chains, energy costs, business investment and currency stability.

KEY DEVELOPMENTS

1. U.S.–India Negotiations Reach a Plateau

On October 5, India's Finance Minister Nirmala Sitharaman said trade negotiations with the United States had reached a plateau, leaving limited room for additional concessions.

The discussions, which began in February 2025, have focused on improving economic ties and resolving disagreements over market access and trade imbalances.

The United States wants to address its trade deficit with India, while New Delhi is seeking an agreement that protects its economic interests. Recent discussions have not produced a breakthrough, and U.S. officials have indicated that a deal is not imminent.

However, negotiations have not formally ended. A narrower agreement covering areas where progress has already been made could remain possible.

2. Russian Oil Purchases Complicate the Trade Relationship

India's energy strategy has become a major point of tension.

India is one of the world's largest oil importers and has purchased substantial volumes of Russian crude. A new U.S. law gives the president authority to impose tariffs of up to 100% on countries purchasing significant quantities of Russian oil, including India and China.

This creates a difficult choice for New Delhi. Reducing Russian oil purchases could increase energy costs or strain public finances. Continuing those purchases could expose Indian exports to additional U.S. trade restrictions.

The outcome could affect businesses, energy buyers and exporters on both sides.

3. The Stakes Extend Beyond Two Countries

The United States is India's largest export destination. Indian goods shipments to the U.S. increased to $42.79 billion between April and August, compared with $40.39 billion during the same period a year earlier, according to data cited by Reuters.

A prolonged dispute could make trade planning more difficult for companies and complicate investment decisions. It could also influence how India balances its relationships with the United States, Russia and other major trading partners.

At the same time, India must manage the effects of global oil prices and currency pressures on its import-dependent economy.

WHY IT MATTERS

The dispute illustrates how trade policy, energy security and geopolitical relationships are increasingly interconnected.

Tariffs can raise the cost of imported goods, disrupt established supply chains and prompt companies to reconsider where they manufacture, source materials or invest.

For countries that depend heavily on imported energy, trade restrictions can create additional pressure on domestic prices and government finances.

The broader issue is whether major economies can resolve competing interests through negotiated agreements or increasingly rely on tariffs and other economic measures to gain leverage.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Currency values are influenced by many factors, including interest rates, inflation, trade balances, capital flows and investor confidence.

A prolonged U.S.–India trade dispute could affect export earnings, foreign investment and demand for the Indian rupee. The effects would depend on the severity and duration of any tariffs, how businesses respond and whether the two governments reach an agreement.

For foreign currency holders following the Global Financial Reset, this is a reminder that changes in international trade can influence the economic foundations supporting national currencies.

However, trade negotiations alone do not establish that a currency revaluation is coming. Currency values continue to depend on economic conditions and policy decisions.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Trade

Countries and businesses may seek new suppliers, markets and trade partnerships when tariffs threaten established commercial relationships. Such adjustments can gradually reshape global trade networks.

• Pillar 2: Energy

India's reliance on imported oil highlights the connection between energy security and financial stability. Changes in oil sourcing can affect import costs, inflation and government budgets.

• Pillar 3: Debt and currencies

Higher import costs or weaker export performance can put pressure on public finances and exchange rates. Governments may also face difficult choices when trying to support economic growth while managing inflation.

These developments are part of the wider adjustment of the international financial system, but they do not by themselves confirm a coordinated global monetary reset.

THE BOTTOM LINE

The U.S.–India trade dispute is about more than tariffs. It reflects a wider struggle over energy security, market access and the balance of economic power.

The next important signal will be whether both governments can turn stalled negotiations into a practical agreement—or whether additional trade barriers begin reshaping business and investment decisions.

The global financial system is evolving not only through new currencies and payment technologies, but also through the trade relationships and economic foundations that determine where money, goods and investment flow.

Seeds of Wisdom Team

Newshounds News

SOURCES

1. Reuters — “India-U.S. trade talks hit 'plateau', finance minister says, as tariffs narrow room for deal”

2. The Economic Times — “Sitharaman sees a 'plateau', but India-US trade deal may not be at a dead end yet: GTRI”

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🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:  • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.      Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

The Final Dinar Pieces Are Falling Into Place

The Final Dinar Pieces Are Falling Into Place

The Dinar Den:  10-5-2026

Recently, in a detailed analysis provided by Stephen from The Dinar Den on YouTube, several critical updates came to light regarding the current economic landscape in Iraq.

From discussions surrounding potential exchange rate revisions to long-term structural reforms, the economic environment is undergoing significant scrutiny.

One of the most prominent topics covered in the analysis is the ongoing discussion surrounding a proposed budget revision. Specifically, reports have surfaced suggesting a possible adjustment to the official exchange rate, moving it from approximately 1,310 dinars per US dollar to around 1,500 dinars per US dollar.

The primary objective behind this proposed shift is to bridge the gap between the official banking rate and the parallel market rate.

However, it is crucial to understand that this proposal remains very much in the discussion phase. Stephen emphasizes that there are currently conflicting reports circulating, and no final decision has been locked in by policymakers.

While market watchers often react swiftly to such rumors, patience and careful verification of official government announcements remain vital for anyone closely following currency valuations.

Beyond the immediate headlines concerning exchange rates, Iraq is actively pursuing broader structural and economic reforms aimed at long-term financial stability.

A notable component of this strategy includes fiscal responsibility measures embedded within the 2027 budget planning framework. These measures are specifically designed to reduce the nation’s overall dependency on external and internal borrowing, fostering a more self-sustaining fiscal environment.

Simultaneously, the country is undergoing substantive banking sector reforms. These initiatives are multi-faceted, focusing on increasing the domestic lending capacity of financial institutions, restoring public and international confidence in the banking system, and eliminating undue political interference in financial operations. Furthermore, a major goal of these banking updates is the successful reintegration of Iraqi banks into the global financial system. Together, these foundational steps are intended to stabilize Iraq’s monetary environment and potentially pave the way for a stronger dinar over the long term.

Timing plays a critical role in major economic policy shifts, and the near completion of the Iraqi cabinet is currently taking center stage. Historically, establishing a fully formed government is viewed as an essential prerequisite for any major currency adjustments or sweeping financial reforms.

Interestingly, while official public statements often suggest that adjusting the exchange rate will be a protracted, lengthy process, analysts point out a potential strategic element at play. Iraq has a well-documented history of strategic misdirection and information management when it comes to major financial transitions.

Consequently, market participants are keeping a close watch on developments, maintaining a cautiously optimistic sentiment. With potential government formation milestones on the horizon and the convergence of fiscal and banking reforms, the coming period could prove to be a pivotal juncture for Iraq’s monetary policy trajectory.

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

Iraq Economic News and Points To Ponder Monday Evening 10-5-26

EU Ambassador: Trade Between Iraq And Europe Amounts To About 18 Billion Euros

Money and business    Economy News – Baghdad   The Ambassador of the European Union to the Republic of Iraq, Clemens Smtner, said that the relations between Baghdad and the European Union are witnessing a renewed development in various fields, pointing out that the partnership between the two sides expands to include economic, developmental and security files, in addition to issues related to institutional reform and the rule of law.

According to the official newspaper, Smtner stressed the existence of close cooperation with the Iraqi government, especially with the Integrity Commission, pointing out that the European Union submitted, weeks ago, a review of Iraqi legislation in order to ensure that corruption cases are not dealt with only the application of criminal law, but the Iraqi authorities cooperate better to ensure the full recovery of funds and assets in the civil cases resulting from it, in the interest of the Iraqi people.

He stressed that the fight against corruption was not limited to law enforcement, but began with prevention, by providing appropriate mechanisms for transparency and accountability.

Smtner touched on the location of Iraq in its regional environment, pointing out that the country has been severely affected by the regional conflict, and that some neighboring countries claim to be attacked from Iraqi territory.

He welcomed the efforts made by the Iraqi government to communicate with neighboring countries and reform relations with them, stressing that the future of Iraq depends on being an integrated partner in its regional environment.

He pointed out that Iraq's position qualifies it to become a crossroads between Asia, the Gulf and Europe, which could strengthen its economic and regional role.

He described Europe as a close partner of Iraq historically and geographically, as well as the multiple relations between the peoples of the two sides, stressing the desire of the European Union to intensify the partnership with Iraq in the fields of trade and investment, as well as on migration and regional security issues.

The European Union viewed Iraq as an important partner with great potential, stressing the importance of strengthening security by limiting all weapons to the state, reforming the public sector, diversifying the economy, improving the business environment and fighting corruption.

He pointed out that the convening of the Partnership and Cooperation Council in October 2025 strengthened cooperation between the two sides in the fields of trade, renewable energy, social and economic development, democracy and human rights.

He explained that the volume of trade between Europe and Iraq is about 18 billion euros, pointing out that the developments related to the closure of the Strait of Hormuz showed the importance of addressing Iraq's large dependence on oil and the inflation of the size of the public sector, considering that this situation will not continue in the long term.

He added that the European Union supports Iraq in diversifying its economy through the sectors of renewable energy, information and communications technology, agribusiness and logistics, in addition to working to improve the investment climate through better governance, legal frameworks and strengthening the rule of law.

He pointed out that European support also includes the modernization of public financial management and social protection systems, with the aim of using public resources more effectively and efficiently, and maintaining the social contract with the Iraqi people, while providing more space for investment to contribute to the creation of jobs and wealth.

Support for security sector reform In the security field, Smtner stressed that the European Union, through the European Union Advisory Mission in Iraq (EUAM), supports security sector reform and cooperates with the Iraqi authorities in the areas of border management, combating trafficking, crime and violent extremism, in accordance with the rule of law and human rights.

He pointed out that the European Union and its member states were partners of Iraq in the international coalition to fight the terrorist organization Daesh, pointing out that the European Union itself does not provide weapons or defense equipment, while member states can provide this at the bilateral level.

He added that some member states had advised Iraqi security forces, including as part of their NATO membership.

He explained that the war in Iran led to the interruption of these efforts, while the European member states of NATO intend to continue this work, although it is unclear when and how to resume it.

Transformation towards renewable energy sources In the energy file, the EU ambassador stressed that the EU has a clear policy of directing energy policies away from hydrocarbons towards renewable energies.

He explained that the Union continues to support the Iraqi government in developing the necessary legislation, developing gas treatment, designing climate-adaptive housing, and helping Iraq to become a partner in global emissions trade.

He pointed out that the European Investment Bank, which plans to start operations in Iraq soon, along with other European investment banks, could play an important role in the transformation of the energy market, including the electricity grid.

Smtner stressed that the diversification of Iraq's energy policy, along with the diversification of the economy, is a key axis to ensure the country's future.

European interest in investment

He stressed that European companies are interested in investing in Iraq, pointing to cooperation with the Iraqi Ministry of Trade to prepare for the "Iraq National Forum for Trade and Investment", scheduled to be held on October 28 and 29 in Baghdad.

More than 60 European companies and more than 500 Iraqi companies have so far expressed their interest in participating in the forum, which will focus on the sectors of trade, agribusiness, digital connectivity, renewable energy, construction, transport and logistics, he said.

He pointed out that the European countries already receive energy from Iraq worth about 12 billion euros annually, while European companies are active in the Iraqi market, expressing the hope for the continuation and expansion of this cooperation.

The EU ambassador stressed that diversifying the Iraqi economy and energy policies would contribute to ensuring the future of Iraq and represent a basis for expanding the economic partnership between the two sides.

Agreements and Economic Cooperation

Regarding mutual visits and contacts, Smtner said he could not speak on behalf of the governments of EU member states, but that these visits showed the Iraqi government's keenness to develop cooperation with Europe, and stressed the readiness of member states to strengthen their economic relations with Iraq.

In that connection, he referred to the signing of a number of agreements, expressing the hope that it would lead to more tangible investments and trade.

Cooperation programmes with Iraq already existed and covered many areas, much of which focused on the transfer of technical knowledge and capacity-building of the Iraqi authorities to implement better policies.

He pointed out that these programs include vocational training and schooling, improving the marketing of agricultural products, conserving water, and encouraging investment.

He stressed that Iraq, as one of the upper tranches of middle-income countries, has great resources and potential, noting that European cooperation focuses on creating common value for Iraq and the European Union and achieving equitable growth for the Iraqi people.

The Ambassador of the European Union concluded by stressing that Iraq's success in enhancing its security, reforming the public sector, diversifying its economy, improving the business environment and combating corruption would benefit Iraqis, while opening new opportunities for cooperation between Iraq and the European Union, especially in the economic, developmental and security fields https://www.economy-news.net/content.php?id=74656

Iraq Is The Third Largest Importer Of Turkish Cigarettes With Forty Million Dollars

Money and business   Economy News - Baghdad

Data from the Turkish tobacco sector showed on Monday that Iraq ranked third among the largest importers of Turkish cigarettes during the first eight months of 2026, with a value of $ 49 million, after the United States and Syria.

The head of the Association of Tobacco Exporters in the Aegean Sea, Slim Jimi, said Turkey's exports of tobacco and tobacco products rose 8% last year to $1.110 billion, while cigarette exports reached $361 million during the first eight months of 2026.

Exports of tobacco leaf rose 41 percent to $279 million, while exports of hookah tobacco amounted to $58 million and cigarette tobacco reached $43 million.

Belgium topped the list of Turkish tobacco importers with $ 58 million, followed by the United States $ 52.5 million, then Indonesia $ 15 million, while the United States topped the list of importers of cigarettes worth $ 54 million, then Syria with $ 53 million, and Iraq fourth with $ 49 million    https://www.economy-news.net/content.php?id=74657

The Legal Committee Discusses The Proposal To Grant Employees A Long Regular Leave And Mechanisms For Its Application

Money and business   Economy News – Baghdad  The Parliamentary Legal Committee discussed on Monday the proposal of a law to grant the employee a long regular leave, in the presence of the Chairman of the Federal Service Council, Dr. Hussein Abbas, and the Undersecretary of the Ministry of Labor and Social Affairs, Dr. Hoda Sajjad.

The committee said in a statement that the meeting was held under the chairmanship of Dr. Ribwar Hadi and in the presence of a number of its members, and discussed the most prominent observations and proposals submitted by the executive authorities concerned on the articles of the proposal.

The meeting also addressed objections and observations related to the mechanisms of application of the proposal and its implications for employees and government institutions.

The Legal Committee confirmed that it will continue to listen to the views and observations of the relevant executive authorities by hosting them successively and discussing the legislative, technical and administrative aspects of the proposal.

She pointed out that these discussions aim to address the observations and reach a balanced legal formulation that meets the requirements of the public interest and achieves the objectives of the legislation   https://www.economy-news.net/content.php?id=74653

About $150 Million In Losses After The Resounding Fall Of Tom Cruise's New Film

Money and business   Economy News - Follow-up   Tom Cruise has been hit by one of the worst openings of his film career: his new film, Digger, directed by Alejandro González Inariato, generated a shocking revenue of just $20 million globally in the first weekend of its screen show.

​According to the British newspaper "The Guardian", the satirical film suffered this huge loss against a huge production budget of $ 150 million, as well as $ 100 million spent on the marketing campaign.

​The North American box office has earned only $8 million, while 74 international markets have raised only about $12 million, disappointing results for Warner Bros., which counted on Cruz’s strong global presence.

​The film was subjected to a sharp criticism attack, describing it as a "pale farce" about climate change, despite the praise of some of Cruz's satirical performance, while the audience gave the film a "C+" rating on "Score Cinema".

​The setback coincided with Warner Bros.’s last moments as an independent studio before it completed its merger with Paramount SkyDance in a $110 billion deal.

​In contrast, Verity, based on Colin Hoover’s novel and starring Dakota Johnson and Anne Hathaway, took the lead in North America with $32.6 million.

​On the other hand, the re-show of the film Avengers: Endgame has regained the top of the historical list of the highest-income films in history with a total of $2.9255 billion, surpassing the film "Avatar" again by a narrow margin

https://www.economy-news.net/content.php?id=74660

Iraqi Airways to resume direct flights to Iran from Thursday

Money and business   Economy News – Baghdad    The Iraqi Airways Administration announced on Monday the resumption of direct flights of the national carrier to the Islamic Republic of Iran, starting next Thursday, October 8, 2026.

The company’s management explained that the new operating plan will include regular daily flights between Najaf International Airport, Mashhad Airports, Tehran and Isfahan, which will contribute to enhancing the flow of passenger traffic and provide regular air transport options between Iraq and Iranian cities.

The resumption of flights is part of the Ministry of Transport’s efforts to reactivate air traffic and strengthen the air link between Iraq and various regional destinations https://www.economy-news.net/content.php?id=74648

Land Transport Completes 1120 Cross-Border Cargo Flights With TIR System In September

Money and business   Economy News – Baghdad   The General Company for Road Transport, one of the formations of the Ministry of Transport, announced on Monday the completion of 1120 cross-border cargo flights according to the TIR system during the month of September, coming from Turkey and Europe towards the Gulf countries and Jordan.

A statement by the company, "Al-Ahd News", that "the flights were carried out by official requests, and launched from the port of Ibrahim Al-Khalil towards the ports of Safwan and Trebil, within the transport and transit routes across the Iraqi territory."

The company stressed that "the high number of flights reflects the growth of international road traffic through Iraq, and strengthens its location as a trade corridor linking Turkey and Europe to the Gulf countries and Jordan, taking advantage of the application of the TIR system, which contributes to facilitating the transit and transport of goods."

She added that "this step comes within the efforts of the Ministry of Transport and the local guarantor team to develop the land transport system, and facilitate the movement of transit and international trade through Iraqi territory, in a way that enhances the logistical role of Iraq and supports economic activity   https://www.economy-news.net/content.php?id=74643

It Took 211 Years to Borrow $2.3 Trillion. Congress Just Did It in Twelve Months

It Took 211 Years to Borrow $2.3 Trillion. Congress Just Did It in Twelve Months.

Notes From The Field By James Hickman (Simon Black / Sovereign Man)  October 5, 2026

$2,307,765,598,614.61.  That’s how much the national debt grew by in fiscal year 2026, which just ended last week on September 30.

$2.3 trillion in a single year is clearly and obviously runaway debt growth; think about it— the entire national debt didn't reach $2.3 trillion until 1987.

By then the country was 211 years old, and it had been through a revolution, a civil war, two world wars, and the Great Depression. Now Congress adds that much in a single year.

Rising debt has many consequences, including inflation: when the government spends crazy amounts of money that it doesn't have, that means more dollars chasing the same amount of goods and services. Prices go up.

In short, this mountain of debt is one of the big reasons for today's sky-high cost of living.

What’s really bizarre is that Inflation affects EVERYONE. Yet hardly anyone understands that the root cause of the inflation is government spending.

It might be even crazier how little attention this story receives. The media chimes in whenever the debt hits a milestone; when the national debt crossed $40 trillion in August, there were a bunch of stories from the New York Times to CNN.

But that lasted for about a day. Then they went right back to their usual themes about racism, sexism, etc.

It seems like every other issue is more important than the debt. Just watch any random episode of The View and you'll see a window into the topics monopolizing Americans’ attention instead. People are whipped into a frenzy over gender-affirming care for prison inmates, the Lincoln Memorial's reflecting pool, and a pilot who stabbed his captain on a flydubai flight.

Attention is a scarce resource. So Congress does nothing about excessive spending because voters aren’t paying attention to the debt.

The bond market, on the other hand, is absolutely paying attention.

The investors who lend money to the US government watch this complete lack of responsibility year after year. And they know there are obvious ways to cut the deficit.

The Government Accountability Office, Congress's own auditor, estimates that between $233 billion and $521 billion is lost to fraud every year. Yet Congress won't lift a finger to stop it.

At some point, lenders don't feel like loaning more money to a government that won't even stop obvious fraud. And it's a major reason why bond yields have skyrocketed very quickly.

The 10-year Treasury yield went from about 4.6% in early August to above 5.3% on October 1, its highest level since 2002.

Now, I have a sneaking suspicion that part of this surge in yields is deliberate... that China and a few of America's 'frenemies' are intentionally pushing yields higher as a form of financial warfare, maybe to manipulate next month's midterm elections, among other reasons.

But the reality is that this crisis is entirely of the US government's own making, and stopping it is completely under their control. All they have to do is make some hard decisions, do the work, and cut spending.

They just won't do it.

So there are a few ways this can end.

The hopeful one is voluntary— the 535 members of Congress and the Senate get together, realize serious cuts are needed, and do what's necessary for the good of America.

Unfortunately I don't think that's going to happen anytime soon.

That leads to option two, where they are forced to cut spending under duress because the bond market makes them.

If yields continue to surge, sooner or later Congress will be forced to act. There is SOME interest rate... maybe it's 8%, maybe 10%, that will be too high for even Congress to ignore.

It’s basic arithmetic: five years from now the national debt will be at least $50 trillion. If bond yields at the time are 8%, that means the average interest rate on the debt could easily be 5% or more. That’s $2.5 TRILLION each year just to pay interest, about twice as much as military spending.

At that point Congress would have no choice but an austerity budget: cuts to military spending, cuts to Social Security and Medicare, and a significant increase in taxes, all at once.

Then there's option three, their preferred option: do nothing. Make no hard decisions. And wait for the Federal Reserve to bail them out by creating new money to finance the deficit... trillions of dollars a year.

This is the tactic that worked in Japan for so long. Japan's central bank conjured new money into existence and used it to buy government bonds. Eventually the central bank owned about half of Japan’s national debt.

That let the government keep borrowing at interest rates near zero.

But sooner or later, that creates serious inflation. Japan's inflation hit a 41-year high in 2023, and its lenders now demand the highest interest rates in three decades.

Americans have seen it too. During the pandemic the Fed created roughly $5 trillion out of thin air, and the result was 9% inflation.

So ultimately when the Fed steps in to ‘print’ money and bail out the Treasury Department, the result of that will be continued and rampant inflation.

We’ve argued for years that real assets make so much sense in this environment; governments and central banks can produce debt and fiat currency. But they cannot create a barrel of oil, a BTU of natural gas, or an ounce of gold.

That's why real assets tend to hold their value when the currency is losing its own... and why it makes sense to own them before the inflation cycle moves into its next phase.

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

P.S. Real assets are the whole premise of Schiff Sovereign's investment research newsletter, Strategic Assets: profitable, low-debt companies that produce the things a government can't print, researched while they're still cheap.

We locked in gains of more than 10x on a small silver producer, and a precious metals company we still follow is up nearly 400%.

https://www.schiffsovereign.com/investing/it-took-211-years-to-borrow-2-3-trillion-congress-just-did-it-in-twelve-months-156052/?inf_contact_key=4adf3c0587e50b701003106a673f6f7663a68c54a7b53db2f844d545a03fd48b

Ariel: You are Hearing it from Official Iraqi Sources (and more)

Ariel: You are Hearing it from Official Iraqi Sources

10-5-2026

You Are Hearing It From Official Iraqi Sources

You Need To Read This Now!

The Cabinet Will Be Completed Next Week

Do you know what Iraq is doing for the 1st time for the 2027 budget?

They are completely removing the need to borrow.

You Need To Ask Yourself How?

What They Want You to Believe:

Iraq is simply being “responsible” cutting expenses, reforming banks, and waiting for the 2027 budget to address all financial gaps.

Think: Iraq’s current budget deficit exceeds 40 trillion IQD at the current exchange rate of 1,310 IQD per USD.

Without borrowing, the government must fund salaries, pensions, and reconstruction purely through existing revenue streams.

++++++++++++++++

If Iraq is drowning in a deficit so deep it previously required borrowing laws, how does it suddenly “not need to borrow” unless the value of its existing reserves and projected revenues has been re-calibrated to a new, higher baseline?

The 2027 budget is being calculated using a new exchange rate. Not 1,310. Not 1,200. A rate where IQD purchasing power compresses that deficit into insignificance.

This is why the budget can “include the necessary treatments” without a borrowing law because the currency baseline has shifted.

++++++++++++++++

Chairman Awad let slip the operation: “Banking sector reform has become a necessity… private banks have presented a set of reforms.”

What does this mean?

The CBI is purging the system of dollar-dependent, politically-captured banks before the switch flips.

Why?

You cannot redenominate a currency when certain banks are still laundering dollars for Iranian militias and sanctioned entities. The new IQD, post-RV, will likely be digitally traceable and asset-backed. Every elephant graveyard of dollar corruption must be bulldozed first.

The explicit mention that “some banks are affiliated with political entities” and must be depoliticized is CBI code for: We are cutting the dollar fuel line to the Quds Force and their proxies before the new rate goes live, so they cannot convert their pre-RV hoards into the revalued currency.

The Council of Ministers adjusts the budget before it reaches Parliament. Parliament only votes. The budget must be submitted by October 15th!!!!!!!!!!!!!!!!!!

Three Things To Note

1. The budget must contain a usable exchange rate to calculate revenues, expenditures, and allocations.

2. If the budget is being drafted right now and set for submission by mid-October, it must use the exchange rate that will be operative during the 2027 fiscal year.

3. Iraq cannot submit a budget using the 1,310 rate if it plans to change that rate before January 1, 2027 doing so would require a complete budget rewrite after the RV, collapsing the entire legislative timeline.

The Tokenization Wildcard Next Week

Iraq has been working with blockchain infrastructure providers (quietly, through Gulf intermediaries) to tokenize the dinar on a commodity-backed distributed ledger.

Once Tokenized:

• The “three zero” lift is executed digitally with zero operational friction.
• Every note in circulation is simultaneously redenominated in the ledger, preventing chaos.
• The new rate becomes immediately tradable on compliant exchanges, bypassing the traditional Forex lag.

People This Is Not A Coincidence That All Of This Is Colliding At The Same Time

Kurdistan 24 English:  KDP to Receive Iraqi Deputy PM Post as Cabinet Nears Completion KDP will take one of four deputy prime minister posts as Iraq's cabinet under Ali al-Zaidi is expected to be completed by early next week, sources told Kurdistan24.

Read More:  https://www.kurdistan24.net/en/story/943843   

 Redenomination Is For In-Country Accounting

Revaluation is for Out-Country Trading

Leave The 1st Phase Alone

Revaluation is what you should be studying. Do not concern yourself for something that is for the In-country bookkeeping.

Source(s):
• https://x.com/Prolotario1/status/2106787734975353324

https://dinarchronicles.com/2026/10/05/prolotario-you-are-hearing-it-from-official-iraqi-sources/ 

Ariel: What Caused this Temporary Freeze on Salaries in Iraq

10-5-2026

You Are Hearing It From Official Iraqi Sources You Need To Read This Now! The Cabinet Will Be Completed Next Week Do you know what Iraq is doing for the 1st time for the 2027 budget? They are completely removing the need to borrow. You Need To Ask Yourself How?

What They Want You to Believe: Iraq is simply being "responsible" cutting expenses, reforming banks, and waiting for the 2027 budget to address all financial gaps.

• Think: Iraq's current budget deficit exceeds 40 trillion IQD at the current exchange rate of 1,310 IQD per USD.

• Without borrowing, the government must fund salaries, pensions, and reconstruction purely through existing revenue streams.

++++++++++++++++

If Iraq is drowning in a deficit so deep it previously required borrowing laws, how does it suddenly "not need to borrow" unless the value of its existing reserves and projected revenues has been re-calibrated to a new, higher baseline?

The 2027 budget is being calculated using a new exchange rate. Not 1,310. Not 1,200. A rate where IQD purchasing power compresses that deficit into insignificance.

This is why the budget can "include the necessary treatments" without a borrowing law because the currency baseline has shifted. -----------------------

Chairman Awad let slip the operation: "Banking sector reform has become a necessity... private banks have presented a set of reforms." What does this mean?

The CBI is purging the system of dollar-dependent, politically-captured banks before the switch flips. | | | | | | | Why?

You cannot redenominate a currency when certain banks are still laundering dollars for Iranian militias and sanctioned entities.

The new IQD, post-RV, will likely be digitally traceable and asset-backed. Every elephant graveyard of dollar corruption must be bulldozed first. The explicit mention that "some banks are affiliated with political entities" and must be depoliticized is CBI code for: We are cutting the dollar fuel line to the Quds Force and their proxies before the new rate goes live, so they cannot convert their pre-RV hoards into the revalued currency.

>>>>>>>>>The Council of Ministers adjusts the budget before it reaches Parliament. Parliament only votes. The budget must be submitted by October 15th!!!!!!!!!!!!!!!!!!

Three Things To Note

1. The budget must contain a usable exchange rate to calculate revenues, expenditures, and allocations.

 2. If the budget is being drafted right now and set for submission by mid-October, it must use the exchange rate that will be operative during the 2027 fiscal year.

3. Iraq cannot submit a budget using the 1,310 rate if it plans to change that rate before January 1, 2027 doing so would require a complete budget rewrite after the RV, collapsing the entire legislative timeline.

The Tokenization Wildcard Next Week 🃏 Iraq has been working with blockchain infrastructure providers (quietly, through Gulf intermediaries) to tokenize the dinar on a commodity-backed distributed ledger.

Once Tokenized:

■ The "three zero" lift is executed digitally with zero operational friction.

■ Every note in circulation is simultaneously redenominated in the ledger, preventing chaos.

 ■ The new rate becomes immediately tradable on compliant exchanges, bypassing the traditional Forex lag. People This Is Not A Coincidence That All Of This Is Colliding At The Same Time

Kurdistan 24 English:  KDP to Receive Iraqi Deputy PM Post as Cabinet Nears Completion KDP will take one of four deputy prime minister posts as Iraq's cabinet under Ali al-Zaidi is expected to be completed by early next week, sources told Kurdistan24.

Read More:  https://www.kurdistan24.net/en/story/943843   

Karar:  You are right. For the record, I am a government employee on a temporary contract with the Iraqi Parliament, assigned to provide security for a retired MP; however, our salaries have been suspended for three months, and our contracts are set to be cancelled.

I Wanted Everyone To See What Has Caused This Temporary Freeze On Salaries:

Kara says he provides security and that his salary was put on hold in Iraq. What you will read is my Synopsis of the situation as it is happening within the framework of what is being reconfigured based on the new mechanisms in the 2027 Budget.

Note: You have quite the job sir. First, thank you for speaking candidly. What you just shared is not just a personal grievance it’s a live piece of evidence that confirms the timeline we’re tracking. Let me tell you what’s actually happening to you and why.

The salary suspension isn’t administrative failure. It’s a controlled freeze before the reset.

The Iraqi government is not “out of money” in any permanent sense. The CBI holds north of $100 billion in foreign reserves. Oil is still flowing. What’s happening is a deliberate liquidity hold the Finance Ministry is stalling all dinar-denominated obligations until the redenomination flips the switch.

Why?

Because if they pay you now in old IQD (1,310 to the dollar), they create a liability that must be honored post-RV. If they wait until after the three-zero deletion, your back salary becomes payable in new IQD structurally identical in real terms, but infinitely cleaner on the books.

You lose nothing in purchasing power. But the government avoids a balance-sheet nightmare.

Addendum-

Your contract cancellation is the same mechanism.

Temporary contracts are being wound down not because you’re not needed it’s because the entire payroll system is about to be re-denominated. It’s easier to cancel contracts pre-RV and reissue them post-RV under the new nominal framework than it is to migrate every single active contract across a currency reset. Bureaucratic math, not personal.

So What I would Tell You Directly

You are not being fired. You are being paused. The retired MP you protect will still need security. The Parliament will still need armed contract personnel. Nobody is liquidating the protective apparatus.

What’s occurring is a system-wide payroll recalibration that has left every temporary and daily-wage worker in limbo because the Finance Ministry is under explicit instruction: Do not cut any new dinar obligations until the budget goes to Parliament.

And the budget as you know better than most must land by October 15th.

What To Watch For:

The moment the 2027 budget is submitted and the exchange rate is published, watch the parliamentary payroll office. You will see a flurry of contract reissuance: same names, same positions, same duties denominated in the new rate. If that doesn’t happen within fourteen days of the budget drop, then you have a problem. Until then, you are watching a technical hold, not a termination.

Three months without salary is b****l. I’m not dismissing that. But understand that you’re not being singled out. The entire temporary contract workforce security, administrative, logistical is frozen across multiple ministries. This is systemic, not personal. The people who understand the redenomination logic are holding their breath. The people who don’t are panicking. You’re now in the first group.

Source(s):
• https://x.com/Prolotario1/status/2106833151381135424

https://dinarchronicles.com/2026/10/05/prolotario-what-caused-this-temporary-freeze-on-salaries-in-iraq

Financial System Will Be On The Chain, We Are Transitioning From A Fiat To Asset Back System

Financial System Will Be On The Chain, We Are Transitioning From A Fiat To Asset Back System

X22 Report: 10-5-2026

Affordability goes back to 1971, but Biden has caused higher prices and that is what people are feeling. Oil is flowing. Trump is preparing the system to be put on the block chain backed by gold.

Trump is in the process of completely and utterly transitioning the Economic System. The Treasury Secretary Scott Bessent is continually bringing on people to help transition the system.

First it was Judy Shelton and now he brought on someone else. This will help the entire system move from a fiat system to a asset backed system.

Trump has been restructuring the entire system and destroying the globalist system which has to be done before they transition the system. They need everything in place.

This new system is going to be a blockchain with stablecoin, bitcoin and gold. This is going to be sound money. We are going back to the constitution.

Every step of the way the deepstate has been trying to delay or stop him. Trump has already stopped the deepstate “Great Reset” and when people see the debt system versus an income system …there is no way they will want to go back to a debt system.

But first we have to get there.

There is much more in this episode. Please listen to it all.

https://www.youtube.com/watch?v=57W1XQelcds

Iraq Economic News and Points To Ponder Monday Afternoon 10-5-26

Parliament: The 2027 Budget Will Reach The House Of Representatives In The Middle Of This Month

Money and business   Economy News – Baghdad   The Parliamentary Finance Committee confirmed today that the draft budget for 2027 will reach the House of Representatives in the middle of this month, while pointing to the work to provide the necessary financial allocations to stabilize contracts and daily workers in all provinces of Iraq.

MP Ahmed al-Masari said that "the Finance Committee will be working to provide the necessary financial allocations to stabilize contracts and daily procedures in all provinces of Iraq," noting that "the budget will reach the House of Representatives in the middle of this month."

In the same context, said a member of the Parliamentary Economy Committee Omar Mohammed, that "the budget 2027 will remain with the Ministry of Finance to complete the procedures related to it," noting that "the ministries are required to provide their needs," as well as the existence of talks between the federal government and the Kurdistan Regional Government on the budget.

He added that "the draft budget includes, according to the information circulating to him, the installation of contracts and daily workers, as well as the appointment of the first graduates within the third meal   https://www.economy-news.net/content.php?id=74636

Parliament To Host Finance Minister Tomorrow To Discuss 2027 Budget

Money and business   Economy News – Baghdad  The Parliamentary Finance Committee announced on Monday that the House of Representatives will host the Minister of Finance Faleh Al-Sari and the advanced staff in the ministry on Tuesday to discuss the draft general budget law for 2027.

A member of the committee, Riad Tamimi, said in a statement to the official agency: "The House of Representatives will host at the invitation of the Finance Committee on Tuesday, the Minister of Finance, Faleh Al-Sari, and the advanced staff in the ministry to discuss the draft budget law for 2027 before its arrival in the House of Representatives."

He added that "the Finance Committee in accordance with Article 61 of the rules of procedure is supposed to be aware of the course of the preparation of the budget," noting that "the hosting aims to question the minister about the mechanism of preparing the budget and the extent of its coverage of contracts, wages and grades."

He pointed out that "there are those who speak in the words of the minister on the budget and therefore the committee will host the minister to find out all the details related to it," stressing that "the Finance Committee has prepared the agenda of hosting and proposed questions https://www.economy-news.net/content.php?id=74649

After the absence of half a century, Iraqi naval carrier returns to the Gulf with a flight from Jebel Ali to Umm Qasr

Money and business   Economy News – Baghdad   The Iraqi Line is preparing to resume its commercial navigational activity in the Gulf region, after a pause that lasted for more than half a century, within the directions of the Ministry of Transport to activate national vectors and enhance its presence in the regional trade movement.

The Ministry of Transport said that the move came under the guidance of the Minister of Transport, Wahab al-Hassani, as part of the ministry's plans to reactivate the national maritime carrier and develop its operational capabilities in the transport of containers and cargo.

The first flight of the Iraqi maritime route is scheduled to start on October 15, from the port of Jebel Ali in the UAE towards the port of Umm Qasr, marking the return of the national carrier to the maritime transport lines in the Gulf.

The return of the line aims to enhance the movement of goods through Iraqi ports, support commercial activity with the countries of the region, as well as expand Iraq's presence in regional maritime transport lines and provide a national option for the transport of containers and cargo.

The ministry pointed out that the last flights of Iraqi cargo ships in the region date back to the mid-sixties of the last century, making the resumption of flights a new station in the path of reactivation of national carriers and the development of the Iraqi maritime transport sector https://www.economy-news.net/content.php?id=74642

Construction: 60 Projects Within The Five-Year Plan To 2030

Money and business    Economy News – Baghdad   The Ministry of Construction, Housing and Public Municipalities announced the details of its five-year plan for the period from 2026 to 2030, which includes 60 executive projects distributed over five main sectors, as part of a plan aimed at developing the service and bridge sectors throughout the country.

The official spokesman of the ministry, Asbaraq Sabah, said in a statement to the official newspaper that the five-year plan was designed according to three time frames, including short, medium and long-term projects, to ensure the distribution of work according to the nature of each project and its strategic importance.

He added that the 60 projects are distributed among the municipal, sewerage, water, roads and bridges sectors, as well as the housing sector.

With regard to the dismantling of traffic jams in the capital, Sabah explained that the total number of projects for the first and second packages amounted to 23 projects, of which 14 have been completed so far.

He pointed out that the first package includes 16 projects, of which 12 projects have been completed, while there are four projects that include bridges and vital bridges, namely the Gaza Bridge, the Second Jadiriya Bridge, the link between the two floors and the Qadisiyah Bridge.

He pointed out that the second package includes seven projects, two of which have been completed, while work continues on five projects, including the second Al-Masrafiya Bridge, the Al-Kurayat Bridge, the Course Bridge, the development of the Freedom Junction, as well as the rehabilitation of the Ministry of Transport tunnel

https://www.economy-news.net/content.php?id=74638

After the absence of half a century, Iraqi naval carrier returns to the Gulf with a flight from Jebel Ali to Umm Qasr

Money and business   Economy News – Baghdad   The Iraqi Line is preparing to resume its commercial navigational activity in the Gulf region, after a pause that lasted for more than half a century, within the directions of the Ministry of Transport to activate national vectors and enhance its presence in the regional trade movement.

The Ministry of Transport said that the move came under the guidance of the Minister of Transport, Wahab al-Hassani, as part of the ministry's plans to reactivate the national maritime carrier and develop its operational capabilities in the transport of containers and cargo.

The first flight of the Iraqi maritime route is scheduled to start on October 15, from the port of Jebel Ali in the UAE towards the port of Umm Qasr, marking the return of the national carrier to the maritime transport lines in the Gulf.

The return of the line aims to enhance the movement of goods through Iraqi ports, support commercial activity with the countries of the region, as well as expand Iraq's presence in regional maritime transport lines and provide a national option for the transport of containers and cargo.

The ministry pointed out that the last flights of Iraqi cargo ships in the region date back to the mid-sixties of the last century, making the resumption of flights a new station in the path of reactivation of national carriers and the development of the Iraqi maritime transport sector https://www.economy-news.net/content.php?id=74642

Kuwait Withdraws The Citizenship Of Billionaire Mahmoud Haidar .. Who Is He And How Much Is He Investing?

Money and business   Economy News - Follow-up   The name of businessman Mahmoud Haidar topped a list of 415 people who were issued against them with decrees withdrawing Kuwaiti citizenship, according to the official newspaper "Kuwait Today".

The name of Mahmoud Haidar has been linked to money, politics, the media and Iran, while today it faces a different path, through its transition from circles of influence and decision to the indictment chamber, after the issuance of a Kuwaiti decree to withdraw citizenship from it and also withdraw it from those who acquired it with it in a consequential manner, according to a decree based on Article 21 of the Nationality Law.

In the case of Mahmoud Haidar, the investigations are reported, according to published reports, about the forgery and impersonation of a Kuwaiti citizen.

According to the investigations, the original name is Mahmoud Haji, an Iranian national before his name was associated with the identity of Mahmoud Haji Haidar Abdullah as a Kuwaiti citizen.

The Public Prosecution has taken precautionary measures against his bank accounts, money, real estate and investments associated with him and his family.

His wealth is estimated at about one billion dollars according to published estimates, and his name is linked to extensive investments and interests in the financial, health and media sectors.

Mahmoud Haidar is a businessman born in 1946, and is known as the founder and chairman of Emerald Holding Company. His name emerged as one of the most prominent investors in Kuwait through investments that extended to the sectors of finance, real estate, energy, health care and media, with his name historically linked to quotas in a number of Kuwaiti companies and institutions.

The investigation will reveal what will happen and what will happen to these assets and investments.

On Sunday, the Official Gazette in Kuwait published six decrees withdrawing Kuwaiti citizenship from 415 people, and the first decree stipulated the withdrawal of the certificate of citizenship of six people, and those who acquired it with them by way of subordination, based on Article (21 bis (A) of Emiri Decree No. 15 of 1959 and the laws amending it, according to the newspaper "Middle East".

The second decree provided for the withdrawal of the nationality of 286 persons, who acquired it with them by extension, while the third decree provided for the withdrawal of the nationality of 14 persons.

The fourth decree provided for the withdrawal of the nationality of 25 persons and those who acquired it with them by extension, while the fifth decree provided for the withdrawal of the nationality of 41 persons, and those who acquired it with them by extension, and the sixth decree provided for the withdrawal of the nationality of 43 persons and those who acquired it with them by extension    https://www.economy-news.net/content.php?id=74650

Seeds of Wisdom RV and Economics Updates Monday Afternoon 10-5-26

Good Afternoon Dinar Recaps,

INDIA RESET WATCH: RBI FACES FIRST RATE HIKE SINCE 2023 AS OIL AND DEBT PRESSURES BUILD

India is approaching a potentially important monetary-policy shift as a weaker rupee, elevated oil prices, rising inflation pressures, and global borrowing costs challenge the country’s financial stability.

 OVERVIEW

• Markets are widely expecting the Reserve Bank of India (RBI) to raise rates by 25 basis points on Wednesday, which would be its first rate increase in nearly four years.

• The rupee remains under pressure near 96.29 per dollar, while oil has climbed toward $103 per barrel, increasing concerns for an energy-import-dependent economy.

• India is also facing tougher external pressures, including capital outflows, elevated global bond yields, and stalled U.S. trade negotiations.

KEY DEVELOPMENTS

1. RBI May Be Preparing to Reverse Course

The RBI's Monetary Policy Committee began its three-day meeting Monday, with markets heavily focused on whether policymakers will begin a new tightening cycle.

Nearly 60% of economists polled by Reuters expect a 25-basis-point increase, taking the benchmark repo rate from 5.25% to 5.50%.

If delivered, it would be the RBI's first rate hike in nearly four years.

The change would mark an important shift after the central bank cut rates by a cumulative 125 basis points during 2025.

2. Inflation and Oil Are Increasing the Pressure

India's consumer inflation rose to 4.82% in August, remaining above the RBI's 4% medium-term target for a third consecutive month.

At the same time, crude oil prices have moved close to $103 per barrel, creating an especially difficult challenge for India because of its heavy dependence on imported energy.

Higher oil prices can raise transportation and production costs, increase inflation, pressure the trade balance, and place additional downward pressure on the rupee.

The RBI therefore faces a difficult balancing act: raise rates enough to protect currency and inflation stability without unnecessarily weakening economic growth.

3. The Rupee Is Being Held Up by RBI Intervention

The Indian rupee finished Monday at approximately 96.29 per dollar, little changed from its previous close, but that stability came amid continued pressure from a stronger dollar, higher oil prices and suspected RBI intervention.

The rupee has fallen roughly 7% against the dollar this year, according to a Reuters poll of foreign-exchange strategists.

Foreign investors have also sold nearly $29 billion of Indian equities this year as higher yields in developed markets make competing investments more attractive.

That means India's currency challenge is not simply an oil problem. Capital flows and global interest rates are also working against the rupee.

4. India-U.S. Trade Talks Hit a Plateau

Another development adds a trade dimension to India's financial pressures.

Finance Minister Nirmala Sitharaman said Monday that India-U.S. trade negotiations had reached a plateau, with limited room for additional compromise.

The issue matters financially because India is a major oil importer and the United States is its largest export destination.

Potential U.S. tariffs connected to India's purchases of Russian oil could create an uncomfortable choice for New Delhi: reduce Russian oil purchases and potentially increase energy costs, or maintain those purchases while risking additional pressure on exports to the United States.

WHY IT MATTERS

India is one of the world's fastest-growing major economies, making the country's policy choices increasingly important to global capital markets.

A rate hike would signal that the RBI is prioritizing inflation and currency stability even as global markets remain under pressure from high bond yields and expensive energy.

The larger issue is that India is facing several pressures simultaneously: oil, currency weakness, foreign capital flows, interest rates, and trade negotiations.

That combination makes India an important case study in how emerging economies are adapting to a rapidly changing global financial environment.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders following the Global Financial Reset, India's situation offers an important lesson.

A currency's future value cannot be separated from the economic foundation supporting it.

The rupee is being influenced by interest-rate differentials, oil imports, capital flows, inflation, foreign-exchange intervention, and trade relationships.

A future change in the value of any currency would depend on much more than a political announcement or monetary-policy decision.

The current developments therefore provide evidence of financial restructuring pressures—not proof of an imminent currency revaluation.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Currencies

The rupee demonstrates how emerging-market currencies can come under pressure when investors can earn higher returns in developed-market assets.

Central banks must increasingly balance domestic economic needs against international competition for capital.

• Pillar 2: Energy

Oil remains one of India's biggest external financial vulnerabilities.

When crude prices rise, India must spend more on energy imports, potentially increasing inflation and widening pressure on its trade and current-account balances.

• Pillar 3: Debt

Higher interest rates can increase borrowing costs for governments, businesses, and consumers.

India's policy challenge is therefore connected to the broader global bond-market story: higher yields are making the cost of capital more important everywhere.

• Pillar 4: Trade

The stalled U.S.-India negotiations demonstrate how trade policy and financial stability are becoming increasingly connected.

Energy sourcing, tariffs, exports, currency values, and national economic security can no longer be viewed as completely separate issues.

THE BOTTOM LINE

India is approaching a potentially significant monetary-policy turning point as the RBI weighs its first rate hike in nearly four years against persistent inflation, elevated oil prices, rupee weakness, and global capital pressures.

The likely 25-basis-point increase would not represent a currency reset. Instead, it would show a central bank responding to the economic foundations that ultimately influence currency value.

For those watching the Global Financial Reset, India's experience reinforces a central theme: the transformation of the global financial system is being driven by real-world pressures involving debt, energy, trade, interest rates, and currency stability.

The next financial system will not be built by headlines alone—it will evolve through the decisions nations make to strengthen the foundations behind their currencies.

Seeds of Wisdom Team

Newshounds News™ Exclusive

SOURCES

1. Reuters — “India seen kicking off rate hike cycle as inflation broadens, peers turn hawkish”

2. Reuters — “Rupee ends flat, anchored by RBI intervention in face of global strains”

~~~~~~~~~~

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Thank you Dinar Recaps

Monday Iraq News Posted by Tishwash at TNT 10-5-2026

TNT:

Tishwash:  Al-Khafaji told: The cabinet will be finalized and voted on next Thursday.

Member of Parliament Miqdad al-Khafaji predicted that the cabinet formation process would be finalized and voted on in Parliament next Thursday.

Al-Khafaji told Al-Mada in an exclusive interview that “the end of this week will be the expected date for finalizing the cabinet and voting on it.”

Regarding the most prominent candidates, he explained that several names were put forward during the negotiations, but none of them has been definitively decided yet, noting that an agreement has been reached on most of the names put forward.  link

Tishwash:  The 2027 budget: 1 million contracts to be finalized and 200 trillion to be spent. 

In a few days, the draft federal budget for the year (2027) will land in the parliament building with total spending estimated at about (200) trillion dinars and a deficit of (65) trillion, opening the door to heated discussions regarding the regularization of one million contractors and the funding of employee salaries.

In a statement to Al-Sabah, Ali Al-Moussawi, a member of the parliamentary finance committee, confirmed that the decision to regularize about one million employees from contracts and daily wages on the permanent staff was included in the (2027) budget without the service condition.

For his part, Omar Mohammed, a member of the parliamentary economic committee, explained that the project also includes appointing the top graduates in the third batch, in conjunction with the Ministry of Finance's inventory of the numbers and calculation of the financial costs.

For his part, Jamal Kojar, a member of the parliamentary finance committee, revealed, based on a statement from the Minister of Finance, that the budget will reach approximately 200 trillion dinars, with 150 trillion dinars allocated to the line-item budget and 50 trillion dinars to the program and performance budget.

This aligns with the expanded application of this system to link spending to objectives. Committee member Ikhlas al-Dulaimi indicated that the budget faces a projected deficit of approximately 65 trillion dinars (previous estimates indicated around 64 trillion dinars), based on an assumed oil price between $60 and $70 per barrel. Al-Dulaimi affirmed that employee salaries will be secured, given the continued oil exports at rates ranging between 3 and 4 million barrels per day and the existence of a supporting cash reserve at the Central Bank.   link

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

Tishwash:  Prime Minister: Proceeding with the implementation of government programs and plans

Prime Minister Ali Falih al-Zaidi affirmed today the continuation of the government's programs and plans in the face of challenges.

 The Prime Minister’s Media Office said in a statement seen by (Shafaqna Iraq) that “Prime Minister Ali Faleh al- Zaidi received the head of the Supreme Islamic Council of Iraq, Sheikh Humam Hamoudi, and his accompanying delegation.”

He added that “the meeting witnessed discussions on all national files and issues, with dimensions that affect the lives of citizens, and the service and economic aspects.”

He added that “during the meeting, emphasis was placed on the importance of strengthening efforts to complete the formation of the government, and proceeding with the implementation of the government’s programs and plans in the face of the difficult challenges related to crude oil exports, the development of the electricity sector, and diversifying the sources of support for the Iraqi economy.”  link

***********

Tishwash:  Al-Zidi launches an economic package worth 3.5 trillion dinars to stimulate the market and finance projects.

Prime Minister Ali al-Zidi launched on Sunday (September 4, 2026) a package of financing measures worth 3.5 trillion dinars, which included allocating 2 trillion for housing and industry, 1 trillion to pay contractors and farmers half, in addition to injecting 500 billion to raise the balance of the “Generations Fund” to 1.5 trillion dinars.

The Prime Minister’s Media Office stated in a statement received by Network 964 that “he chaired a meeting today, Sunday, which included the Minister of Finance, the Governor of the Central Bank of Iraq, the Head of the Board of Advisors, a number of advisors, general managers of government banks, and representatives of private banks, which was dedicated to discussing a number of initiatives and measures aimed at revitalizing the market, stimulating economic activity, and enhancing the role of the banking sector in financing productive and investment activities.”

The statement added that “during the meeting, ways to stimulate economic sectors, particularly industry, agriculture, housing, construction, tourism and services, were discussed, as well as providing the necessary financing for projects, in order to contribute to increasing economic activity, supporting the private sector and providing job opportunities.”

He added that “the meeting resulted in a package of decisions and executive measures to be implemented immediately, as follows:

1. Directing the existing initiatives of the Central Bank of Iraq towards the real estate and housing sector with an amount of (1) trillion dinars, in a way that contributes to revitalizing this sector and the economic sectors related to it.

2. To enhance the liquidity available to the Iraqi Trade Bank and the Industrial Bank by an additional amount of no less than (1) trillion dinars, to direct it towards financing industrial projects and supporting productive activity.

3. The Ministry of Finance will finance the dues of contractors in the amount of (500) billion dinars, which will contribute to enhancing liquidity for companies and contractors and the continuation of project implementation.

4. Paying farmers their dues in the amount of (500) billion dinars, to support the agricultural sector and enhance economic activity in this sector.

5. To strengthen the Generations Fund initiative with an additional amount of (500) billion dinars, added to its current balance of (1) trillion dinars, thereby enhancing its ability to finance targeted initiatives and projects.”

The Prime Minister stressed “the importance of expediting the implementation of the decisions taken, and transforming the financing initiatives into actual measures that directly impact market activity, while monitoring implementation and coordination between the Ministry of Finance, the Central Bank, banks and relevant authorities.”

For its part, the Central Bank of Iraq affirmed its “readiness to support the stability of banking operations and to provide a monetary and financial environment that supports economic activity, within the framework of the approved monetary policy, and in a way that serves development and financial and monetary stability in Iraq.”  link

Tishwash:  2027 Budget: Parliament rebukes the Minister of Finance and decides to summon him.

On Sunday, the parliamentary finance committee decided to host Finance Minister Faleh Sari to discuss the priorities of the 2027 federal budget law and the date it will be sent to the House of Representatives. The committee expressed its displeasure with the minister for not communicating with the committee and informing it of the articles and draft of the law.

Member of Parliament’s Finance Committee, Bassem Al-Gharabi, told Shafaq News Agency that “the Finance Committee met today and decided to host the Minister of Finance to discuss the priorities of the Federal Budget Law for the year 2027 and when it will be sent to the House of Representatives.”

He added that there is "a grievance against the Minister of Finance for not communicating with the Parliamentary Finance Committee and informing the committee about the articles and draft of the budget law," stressing: "We are one team, and we are supposed to work together to pass the budget law."

Al-Gharabi indicated that the date for hosting the Minister of Finance in the committee "will be determined as soon as possible," with the aim of reviewing the size of the budget and oil and non-oil revenues, as well as the size of operational, public and investment expenditures.

For his part, MP Ahmed Al-Saadi, from the Al-Hikma parliamentary bloc, told Shafaq News Agency: “Today I met with the Minister of Finance to inquire about the general budget law for the year 2027,” indicating that the budget “contains clear and new qualitative objectives that differ from previous budgets.”

Al-Saadi added that the Minister of Finance informed them today, "officially, that the budget law includes 100,000 job positions for appointment on a contractual basis, most of which will go to older graduates."

He explained that "the 100,000 job positions will be distributed across all Iraqi governorates according to the population ratio of each governorate," noting that "all contracts in all ministries and state departments will be made permanent in the budget law."

The Finance Committee of the Iraqi Parliament had previously expressed its deep dissatisfaction with the mechanism used in preparing the draft of the Federal General Budget Law for 2027, due to the Ministry of Finance referring the draft to the Council of Ministers without prior consultation and coordination with Parliament.

According to the Federal Financial Management Law, the draft budget was supposed to be submitted to the Cabinet at the beginning of September (last month), and then referred to Parliament by mid-October (this month) for approval, with the draft reaching the House of Representatives on the 15th of this month.

The Parliamentary Finance Committee held a meeting today, Sunday, to discuss the requirements of the draft budget before its approval and voting within the committee, in addition to hosting the Ministers of Finance and Planning and inviting the relevant Directors General in the two ministries to brief the committee on the necessary details and data.

The committee also discussed requesting documents and information from the Ministries of Finance, Planning, and Oil, the Central Bank of Iraq, and reports from the Federal Board of Supreme Audit, as well as determining the list of documents that must be attached to the draft law and the timetable for studying it. link

Reset Intelligence: Iraq Drops the Borrowing Law

Emailed to Recaps~ Thank you David

Reset Intelligence: Iraq Drops the Borrowing Law

By Reset Intelligence | @EXIT_FIAT

Iraq's parliament has dropped its borrowing law. The chairman of the Finance Committee says the 2027 budget will carry what that law was meant to cover, and that budget is due in parliament by October 15.

The same weekend, a headline claimed Iraq is about to devalue the dinar. The lawmaker it quotes said herself it is not a final decision.

The borrowing law

Uday Awad chairs the Finance Committee in Iraq's parliament. On Sunday he said the borrowing law is not required at this stage, because the 2027 budget arriving from the government will include the provisions needed. He did not say Iraq will stop borrowing. He said nothing separate is required. He also said bank reform has become a necessity, that some of the banks barred from dealing in dollars belong to political parties, and that clear results on those banks will appear in the coming days. Iraq never passed a budget for 2026. The 2027 budget now carries the deficit, the financing, the oil price and the IQD's rate in a single document.

Everything else that moved

• The money - on Sunday Prime Minister Ali al-Zaidi met his finance minister and the governor of the Central Bank of Iraq and ordered 3.5 trillion IQD released in 5 decisions: 1 trillion to housing, at least 1 trillion to the Trade Bank of Iraq and the Industrial Bank, 500 billion owed to contractors, 500 billion owed to farmers, and 500 billion added to the Generations Fund.

• The chairs - Nouri al-Maliki's State of Law coalition nominated Yasser Sakhil for the Interior Ministry and Haider Bahaa for Higher Education. The Kurdistan Democratic Party takes one of the 4 deputy prime minister posts. The other parties have been told to file their candidates by the middle of this week.

• The headline - a Kurdish outlet reported that the 2027 draft values $100 at 150,000 IQD, citing Finance Committee member Dilan Ghafoor. In the same interview she said "it does not mean this is a final decision." Iraq's central bank law gives exchange rate policy to the CBI. A second article travelling with the story is from December 2020.

• The street - the dollar closed Sunday at 158,050 IQD per $100 in Baghdad, against the official 131,000.

• Kurdistan - the Region is merging 94 government banks into a single National Bank.

• Tehran - Iran's oil minister resigned, and Bessent said Iran loaded no crude onto tankers in September. The rial fell to about 2.69 million to the dollar.

The question

Our stance is that Iraq is not devaluing the IQD. A government does not pay its debts, fill its cabinet and count its money to the last dinar so that it can hand its people a weaker currency.

That is the short version. Why the devaluation story does not hold, what the budget has to show by October 15, and what a planted headline did to the London market in 1814 - that is the daily read.

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Iraq Economic News and Points To Ponder Monday Morning 10-5-26

Al-Moussawi Told Al-Maalomah: There Is No Final Agreement On Raising The Dollar Exchange Rate.

Today 10:40 Information/Baghdad..  MP Mukhtar Al-Moussawi confirmed on Thursday that there is no final agreement to raise the dollar exchange rate, while he pointed out that the country's economic situation requires a strategy that maintains the stability of food prices and keeps them away from speculation, as well as creating a strategic reserve that takes into account the tensions in the region.

Al-Moussawi explained to Al-Maalouma that “until this moment, there is no clear government decision pushing for an increase in the exchange rate, especially since the dollar exchange rate in the parallel market witnessed a rise a few days ago exceeding 160,000 dinars per 100 dollars, while the official exchange rate is 132,000 dinars per 100 dollars. Consequently, this difference is being exploited for speculation and profit by some.”

He pointed out "the necessity of having a government strategy to reconsider the dollar exchange rate in a way that maintains market stability and prevents speculation and the exploitation of the difference by some to make profits," noting that "regional tensions compel us to demand the necessity of having a strategic reserve of food supplies to ensure stability and reassurance, and to prevent some unscrupulous individuals from exploiting any tensions that occur to raise prices under many pretexts and excuses."

Al-Moussawi stressed that “reconsidering the dollar exchange rate is extremely important during the coming period, especially with the current crisis, while maintaining the stability of food prices.” End 25

https://almaalomah-me.translate.goog/news/145748/economy/الموسوي-لـالمعلومة:-لا-اتفاق-نهائي-على-رفع-سعر-الدولار?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

 "Will Al-Zaydi's Government Be Completed?" The Framework Will Meet Monday Evening To Resolve Three Outstanding Ministerial Appointments And Agree On A Date For The Vote -

Baghdad - One News - 10/04/2026  On Monday evening, the Coordination Framework will hold a meeting at the home of Mohsen Al-Mandalawi to discuss completing the government cabinet and reaching an agreement on the date of the House of Representatives session dedicated to voting on the remaining ministers and deputy prime ministers.

An informed source told One News that the meeting will focus on understandings regarding the remaining portfolios and positions, in an attempt to resolve the disputes that have delayed the completion of the government formation and to reach a political agreement that paves the way for holding a voting session.

The source added that the deadlock is still concentrated in three ministries, namely the Interior, Defense and Planning ministries, amid ongoing discussions between political forces regarding the candidates proposed to fill these portfolios.

He indicated that the framework meeting on Monday evening could be crucial in overcoming the remaining obstacles and reaching understandings regarding the three ministries, thus allowing for a date to be set for the House of Representatives session dedicated to completing the government cabinet.

According to the source, the issue of the deputy prime ministers will also be on the meeting table, within the political understandings aimed at putting them to a vote simultaneously with the remaining ministers.

Following the framework meeting, the outlines of the final stage of completing al-Zaydi's government are expected to become clear, as well as whether the political forces will succeed in overcoming the obstacles regarding the Interior, Defense, and Planning ministries, and moving from the negotiation phase to setting a date for the decisive session within the House of Representatives.  https://1news-iq.net/هل-تكتمل-حكومة-الزيدي؟-الإطار-يجتمع/

"Completing The Government Unites The Progressive And Democratic Blocs." Al-Halbousi Receives A Delegation Headed By Hoshyar Zebari, And Both Sides Emphasize The Importance Of Completing The Cabinet

Baghdad - One News - 10/04/2026   On Sunday, the head of the Progress Party, Mohammed al-Halbousi, discussed with a delegation from the Kurdistan Democratic Party, headed by Hoshyar Zebari, the political situation in the country and the issue of completing the cabinet, while both sides stressed the importance of completing the formation of the government and deciding on the remaining portfolios.  

The media office of the head of the Progress Party stated in a statement that Al-Halbousi received a delegation from the Kurdistan Democratic Party headed by Zebari, and the meeting addressed developments in the political scene and the issues raised during the current stage.  

Both sides stressed the importance of completing the cabinet, at a time when political dialogues are continuing regarding the completion of the remaining portfolios and positions in the government.  

The meeting also addressed developments in regional and international affairs and their implications for Iraq and the region, in light of the changes taking place in the regional environment.

  The meeting comes as part of the ongoing political activity between forces and parties to discuss internal issues and developments surrounding Iraq, most notably the completion of the cabinet.    https://1news-iq.net/استكمال-الحكومة-يجمع-تقدم-والديمقرا/

Iraq Proposes Major Dinar Devaluation in 2027 Budget 

Daban Mohammed

At a Glance

• The draft 2027 budget proposes setting the official exchange rate at 150,000 IQD per $100 to eliminate the gap with the parallel market.

• MP Dilan Ghafoor said fixing the dollar rate at this level is projected to inject an additional 20 trillion dinars into national revenues, bringing the total estimated budget to 218 trillion dinars.

• The draft bill benchmarks the budget on an estimated crude oil price of $58 per barrel.

• While public employee salaries are secured in the draft, other KRG demands remain unresolved.

Iraqi Parliamentary Finance Committee member Dilan Ghafoor, quoting Minister of Finance Faleh al-Sari, stated that the value of $100 has been set at 150,000 dinars in the draft 2027 budget, adding that there are numerous unresolved issues regarding the rights of the Kurdistan Region in the draft bill.

Key Statements and Focus Area

• MP Dilan Ghafoor told Channel8 that according to the decision, the gap between the official exchange rate and the parallel market rate will be eliminated. 
  

• Ghafoor noted that the committee's meeting with the Finance Minister was dedicated entirely to gathering comprehensive details on the draft budget bill, emphasizing that the dollar exchange rate was discussed as one of the most critical aspects of the budget. 

Speaking to Channel8, Lawmaker Ghafoor said that if the decision is implemented, both the parallel market rate and the official government rate will align at 150,000 dinars. 

She stressed that fixing the dollar rate at 150,000 dinars will inject an additional 20 trillion dinars into the budget revenue.

Ghafoor also clarified that the approval and vote of the Council of Ministers and Parliament are required; although the Ministry of Finance has thoroughly studied the matter, “it does not mean this is a final decision. Principal agreement, however, is included in the draft.” 

The lawmaker confirmed that the total estimated draft budget will reach 218 trillion dinars. The Next year’s draft budget is estimated at 200 to 240 trillion dinars, with the Kurdistan Region requesting roughly 29 trillion dinars. 

This proposed allocation is intended to cover KRG public employee salaries, job promotions, new hires, and the permanent integration of contract teachers and civil servants. 

Ghafoor highlighted that, thus far, only the salaries of the Kurdistan Region's public employees have been secured in the draft budget, adding that all other demands from the Kurdistan Region remain under discussion, with no guarantees provided yet. 

She underlined that it is critical for the Kurdistan delegation to remain continuously engaged in Baghdad at this stage to resolve outstanding budget issues with the Iraqi government and effectively lobby for its interests.

Regarding the price of oil in the budget, the Finance Minister confirmed that a barrel of oil has been set at $58, while the total draft budget for Iraq next year has been projected at 218 trillion dinars.

FYI

The proposed currency devaluation comes amid a widening spread between Iraq’s official exchange rate and the parallel market, where street transactions have recently fluctuated between 1,570 and 1,600 dinars per dollar.

This drive to readjust the official peg to 1,500 dinars is fueled by a severe fiscal crisis, highlighted by a massive 26.3 trillion dinar ($20.16 billion) budget deficit in the first seven months of 2026 alone after geopolitical conflicts heavily disrupted seaborne crude exports.

While the Central Bank of Iraq (CBI) has historically resisted shifting its formal baseline from the 1,300 to 1,320 range to protect domestic purchasing power, intense pressure from the Ministry of Finance may force the bank to administer this shift.

If the draft budget passes, the administrative realignment will allow the ministry to convert oil dollars into a higher volume of local currency, though financial experts warn it could cause an immediate spike in consumer inflation and drive parallel market rates past 160,000 dinars per $100.

Concurrently, the draft 2027 general budget law is under evaluation by the Iraqi Cabinet and is slated for official submission to parliament by mid-month. 

The Kurdistan Regional Government is demanding a full 14.14% share of the 2027 federal budget, calculated using recent census data to expand funding beyond public salaries into regional investment and infrastructure projects. 

https://channel8.com/english/news/67130    

Abu Maryam @AMrym93884  

Translated from Arabic   News That Will Ignite the Markets.. MP Dylan Ghafor: 2027 Budget Includes Adopting Exchange Rate of Dollar at 150 Thousand Per "Note"

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https://x.com/AMrym93884/status/2107052760050905235

5:18 AM · Oct 5, 2026 · 4,545 Views

graphic translation:   Seventh

News that will ignite the markets... MP Dylan Ghafour: The 2027 budget includes adopting an exchange rate of 150,000 per dollar "paper"     fOX alsaabiea 2026/10/5