Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20

More Saturday News Posted by Tishwash at TNT 9-12-2026

TNT:

Tishwash:  Source: Al-Zaidi plans US trip; Trump meeting in works

Iraqi Prime Minister Ali Al-Zaidi plans to visit the United States after a European tour to attend the UN General Assembly in New York, with three major issues on his agenda as political efforts seek to arrange a meeting with US President Donald Trump, an informed source told Shafaq News on Friday.

The source said a political intermediary who previously helped organize Al-Zaidi’s July official visit to Washington is working to secure the meeting with Trump, which has yet to be confirmed.

TNT:

Tishwash:  Source: Al-Zaidi plans US trip; Trump meeting in works

Iraqi Prime Minister Ali Al-Zaidi plans to visit the United States after a European tour to attend the UN General Assembly in New York, with three major issues on his agenda as political efforts seek to arrange a meeting with US President Donald Trump, an informed source told Shafaq News on Friday.

The source said a political intermediary who previously helped organize Al-Zaidi’s July official visit to Washington is working to secure the meeting with Trump, which has yet to be confirmed.

If the meeting takes place, Al-Zaidi intends to discuss the withdrawal of US forces from Iraq under the agreed timetable and prospects for the post-withdrawal period, which the source said could see investment companies enter the country to begin implementing previously agreed projects.

Talks would also cover the government’s anti-corruption campaign and its next steps, including possible measures involving prominent figures suspected of corruption and several Iraqi banks, as well as the course of Iraq’s political process.

The 81st session of the UN General Assembly opened in New York on Sept. 8, with its high-level General Debate, which brings together heads of state and government, scheduled for Sept. 22-26 and Sept. 28.

Before traveling to New York, Al-Zaidi is scheduled to visit France and Germany in mid-September. Government spokesperson Haider Al-Aboudi said the European tour will focus on diversifying Iraq’s foreign relations and discussing several issues, including security.

The planned US trip would be Al-Zaidi’s second as prime minister. His first foreign visit after taking office included a meeting with Trump and produced 48 agreements and memoranda of understanding with US and international companies and institutions across sectors including energy, investment, infrastructure, technology and healthcare.

Al-Zaidi’s government program outlines a foreign policy based on balance and productive relations, seeking to keep Iraq out of regional and international rivalries. Since taking office, he has also visited Iran, Turkiye, and Qatar, while a planned trip to Saudi Arabia was canceled following joint Saudi-US strikes on Popular Mobilization Forces (PMF) headquarters in Iraq that killed at least 20 members and wounded 32 others.  link

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

Tishwash:  Officially... Al-Zaidi will travel to Paris next Sunday 

The media office of Iraqi Prime Minister Ali Faleh al-Zaidi announced on Friday evening that he will begin an official visit to France on Sunday, September 13, at the invitation of President Emmanuel Macron.

The office indicated in a statement received by Shafaq News Agency that this visit comes within the framework of strengthening bilateral relations between Iraq and France, and exploring ways to expand partnerships in various fields and sectors, foremost among them energy and security.

According to the statement, Al-Zaidi will meet with French President Macron next Monday, September 14, and they will discuss a number of regional and international issues of common interest.

The two sides will chair the expanded talks session to be held by the Iraqi and French delegations, to lay the foundations for new partnerships between Baghdad and Paris, and to discuss the general frameworks for bilateral cooperation in the fields of economy, security, energy, education, and others, in order to contribute to confronting various regional and international challenges. They will also oversee the signing ceremony of a number of memoranda of understanding in several sectors, according to the statement.

Earlier today, an informed source told Shafaq News Agency that Iraqi Prime Minister Ali al-Zubaidi intends to travel to the United States to participate in the work of the United Nations General Assembly, following the end of his European tour, which includes France and Germany, while noting that there are efforts to arrange a meeting between him and US President Donald Trump.

Al-Zaidi had visited the United States in mid-July, at the head of a high-level delegation that included a number of ministers, government officials, members of parliament, and businessmen, on an official visit that lasted five days.

The visit focused on launching a comprehensive and diversified economic partnership to support the Iraqi economy, expand investment opportunities, revitalize the local labor market, and enable Iraq to open new outlets for exporting crude oil and increase production and refining capacities. link

Tishwash: 81 banks and financial institutions in Iraq... Why are most of them absent from global banking lists?

 Iraq has a numerically large banking network, comprising dozens of government, commercial, Islamic, and foreign bank branches, but the paradox emerges when moving from the number of banks to their real weight on the international banking map; This large number is not reflected in a similar presence in the most prominent global bank rankings.

According to the approved lists of operating banks, the Iraqi banking system includes 8 government banks, 24 local commercial banks, and 31 local Islamic banks, in addition to 16 branches of foreign banks and two representative offices, bringing the total number to about 81 banking institutions and representative offices.

However, research into the most international rankings, most notably the Top 1000 World Banks list issued by The Banker magazine, which is mainly prominent based on the size of Tier 1 Capital, reveals that the Iraqi presence in the global list has remained very limited compared to the number of banks operating in the country.

One of the most prominent documented Iraqi cases is the Trade Bank of Iraq (TBI), which in previous years managed to enter the list of the world's top 1,000 banks. According to officially published data from the bank, its ranking reached 319th globally in 2020 according to the Tier 1 Capital metric, after advancing 26 places compared to the previous year.

However, this ranking is historical and should not be treated as a current ranking for 2026. Even in the latest edition of The Banker's list, there is no documented current ranking in open public data that can be attributed to all Iraqi banks or even most of them individually.

This highlights one of the most significant problems in understanding the reality of Iraqi banks: the existence of dozens of banks does not mean that each one has a global ranking. Major international rankings are based on capital, assets, profitability, financial strength, market reach, and balance sheet quality, while the majority of small and medium-sized banks do not even appear on these lists.

The difference becomes even more apparent when comparing Iraq to the Gulf banking systems. Countries like Saudi Arabia, the UAE, Qatar, and Kuwait, while having fewer banks in some cases, have a stronger presence in global rankings because several of their banks possess significantly larger capital, assets, profitability rates, and international reach.

In Iraq, the IMF notes that the banking system remains heavily concentrated around two major state-owned banks, while private banks remain relatively small and face challenges related to limited capital, a limited customer base, and competition with state-owned banks. The IMF also pointed out that the dominance of large state-owned banks has hindered the emergence of stronger private banks.

The IMF also pointed to the need to complete the restructuring of state-owned banks, modernize the banking system, and expand international correspondent banking relationships, as essential steps for integrating the Iraqi banking sector more broadly into the global financial system.

Most telling is the risk assessment conducted by S&P Global Ratings on banking systems worldwide. In its July 2026 update, the agency placed the Iraqi banking system within the BICRA Group 10. ( S&P Global )

This ranking does not mean that Iraq is ranked tenth globally; Rather, the S&P scale ranges from Group 1 to Group 10, with Group 1 representing the lowest-risk systems and Group 10 representing the highest-risk systems. Thus, Iraq falls within the highest levels of banking risk according to this international scale.

A regional comparison reveals the widening gap. In the same S&P assessment, Saudi Arabia was in Group 3, the UAE and Qatar in Group 4, Kuwait in Group 3, Jordan in Group 6, while Iraq remained in Group 10.

This does not mean that all Iraqi banks are in trouble or in similar situations, because the BICRA rating relates to banking risks at the national and financial system levels, not to an individual rating for each bank. Rather, it reflects the environment in which these institutions operate and the strength of the surrounding regulatory, economic, and financial system.

S&P also notes that the Iraqi economy is highly sensitive to oil market fluctuations, and that its high dependence on oil and political and economic volatility affects the operating environment for banks. The agency has described the Iraqi banking environment in its reports as relatively weak compared to other banking systems.

Here the real question becomes: How many banks does Iraq have? But: How many of them are capable of competing globally?

The existence of dozens of banks does not automatically translate into a strong sector unless there are banks with large capitalizations, stable deposit bases, sustainable sustainability, strong governance, effective compliance systems, international correspondent relationships, and credit ratings comparable with regional and international institutions.

The presence of 16 branches of foreign banks in Iraq does not mean that they are included in the global classification of Iraqi banks, because the classification that a banking group such as Standard Chartered or others may have is due to the parent bank and its global group, and not to its branch operating inside Iraq as an independent Iraqi bank.

Therefore, describing all 81 banks as having a “global ranking” is inaccurate. The vast do not even appear in any of the most prominent majority rankings of the world's largest banks, while a limited number appear only in individual international data or assessments.

Between the large number and the weak international presence, it seems that the next challenge facing the Central Bank of Iraq will not only be maintaining dozens of banking licenses, but also building a less fragmented, stronger and more competitive sector.

The ongoing reform of the banking sector may, in the next phase, lead to a restructuring of the market, capital raising, compliance and governance requirements, and perhaps reducing the number of weak banks or merging some of them, in exchange for building larger institutions that are more capable of connecting with the international financial system.

In conclusion, the situation can be summarized in one sentence:

Iraq has dozens of banks, but it does not yet have dozens of banks with global influence.

The number has reached about 81 banking institutions and representative offices, but the presence in major global rankings remains limited, at a time when the Iraqi banking system is still classified among the highest risk groups by S&P.

This puts the sector to a real test: Will the upcoming reforms succeed in transforming the “abundance of banks” into “banking strength,” or will the map of Iraqi banks witness downsizing, mergers, and extensive restructuring in the coming years  link

 


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Secret QE is Part of the Reset, Treasury will use Stablecoins to Flood System with Cash

Secret QE is Part of the Reset, Treasury will use Stablecoins to Flood System with Cash

Daniela Cambone:  9-11-2026

“The new monetary system is already here.” E.B. Tucker explains how Treasury buybacks and stablecoin demand could quietly flood the financial system with cash.

The global financial landscape is undergoing a quiet but profound transformation. When the United States Treasury Department announced its decision to buy back $6 billion in longer-term debt—tripling its usual transaction size—many market observers immediately feared the worst.

Secret QE is Part of the Reset, Treasury will use Stablecoins to Flood System with Cash

Daniela Cambone:  9-11-2026

“The new monetary system is already here.” E.B. Tucker explains how Treasury buybacks and stablecoin demand could quietly flood the financial system with cash.

The global financial landscape is undergoing a quiet but profound transformation. When the United States Treasury Department announced its decision to buy back $6 billion in longer-term debt—tripling its usual transaction size—many market observers immediately feared the worst.

However, seasoned financial analyst E.B. Tucker suggests that this massive move is not a sign of market distress, but rather a highly calculated, strategic adjustment designed to manage long-term interest rates in a rapidly evolving digital economy.

In a recent interview with Daniela Cambone on ITM Trading, Tucker pulled back the curtain on this sophisticated monetary playbook. Instead of a system on the brink of collapse, the Treasury’s actions reveal a deliberate effort to steer the economy through a new financial era. At the heart of this shift is an unexpected driver: the meteoric rise of private digital currencies known as stablecoins.

To understand the Treasury’s current strategy, one must first understand the mechanics of the stablecoin market. Digital tokens pegged to the U.S. dollar, such as Tether and USDC, have grown from niche cryptocurrency tools into massive financial institutions.

These issuers collect billions of physical dollars from users worldwide who want to transact in digital formats, and they must hold stable assets to back those digital tokens.

As a result, stablecoin issuers have become some of the largest buyers of short-duration U.S. Treasury bills in the world. This continuous, massive influx of private capital into short-term government debt provides a reliable floor of support for the Treasury.

Armed with this steady demand at the short end of the yield curve, the Treasury Secretary can focus efforts on managing longer-term interest rates through targeted buybacks, effectively stabilizing the entire system from the top down.

This evolving dynamic signals a transition toward an increasingly managed financial ecosystem, one designed to sustain liquidity and growth at all costs. Rather than fighting the digital asset revolution, traditional financial institutions and regulators are actively leaning into it. Major commercial banks are already preparing to launch their own centralized stablecoins, such as OpenUSD, to streamline global banking and transaction networks.

For individual investors, this shift requires a change in perspective. Tucker encourages savers to look past the sensationalized, doom-and-gloom narratives prevalent in financial media today.

The administrative strategy currently being deployed is sophisticated, well-funded, and likely to achieve its goal of maintaining economic stability. Instead of resisting these systemic changes, individuals should aim to understand the new rules of the game and align their personal portfolios accordingly.

Adapting to this managed financial system requires a balanced, disciplined approach to wealth preservation and growth. During the interview, Tucker highlighted the distinct roles that tangible assets and digital currencies play in a modern portfolio. Gold remains a cornerstone for wealth preservation, offering reliable, steady, and modest growth during times of monetary transition. It acts as a baseline of financial security that has withstood centuries of economic evolution.

In contrast, Bitcoin represents a unique digital asset class with significant potential for upward growth, even if its ultimate everyday use cases are still being defined by the market. Rather than chasing speculative, high-risk trends, the path to long-term success relies heavily on financial education, steady accumulation, and a structured investment thesis.

By combining the historical stability of physical assets with the growth potential of new technology, investors can successfully navigate this newly engineered economic landscape.

Chapters:

00:00 The Implications of Treasury Buybacks

05:15 How stablecoins could fuel demand for Treasury bills

07:48 How Tether makes money

09:10 The Treasury’s plan for a new monetary system

15:07 Why building wealth requires discipline

19:32 The Treasury’s vision for 2030

25:31 Bitcoin vs. gold: Where is the greater upside?

https://www.youtube.com/watch?v=Ws9NoDRncWs

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Iraq Economic News and Points To Ponder Saturday Afternoon 9-12-26

CBI Tightens Rules For State Bank Advisers

2026-09-12 08:05   Shafaq News- Baghdad   Iraq’s central bank (CBI) has tightened oversight of advisers at state-owned banks, requiring licensed financial institutions to clearly define consultants’ responsibilities and keep their roles separate from executive management, Shafaq News learned on Saturday.

CBI Tightens Rules For State Bank Advisers

2026-09-12 08:05   Shafaq News- Baghdad   Iraq’s central bank (CBI) has tightened oversight of advisers at state-owned banks, requiring licensed financial institutions to clearly define consultants’ responsibilities and keep their roles separate from executive management, Shafaq News learned on Saturday.

In an official circular, the CBI noted that the rules apply to both Iraqi and foreign advisers, stressing that experts cannot be given authority to perform executive duties. They are also barred from holding positions or serving on the board of the bank they advise or any other bank supervised by the CBI.

Financial institutions will bear legal responsibility for any violations of the directive, according to the circular.

Read more: Source: Political pressure stalls changes at Finance Ministry

An informed source also told Shafaq News that some advisers had received substantial payments and benefits, while allegations had emerged that bribes were offered to certain consultants.

Other cases involve specialists who were believed to have followed up on, promoted or facilitated banking transactions, raising potential concerns about conflicts of interest and blurred lines of responsibility.

The source also pointed to individuals who allegedly had little attendance or no clearly defined duties corresponding to their contracts, despite receiving substantial compensation.

“Some contracts may have resulted from favoritism, personal connections or ties to administrative officials,” he said, calling on the government, parliament and the Finance Ministry to review advisory and expert contracts at state-owned banks.

Read more: Iraq’s Dawn Crackdown spreads through state institutions: What the latest cases reveal

https://www.shafaq.com/en/Economy/CBI-tightens-rules-for-state-bank-advisers

Iraq Inks 25-Year Deal To Develop Ajeel Oil Field

2026-09-12 12:41   Shafaq News- Baghdad  Iraq signed a 25-year contract on Saturday to develop and operate the Ajeel oil field in Saladin province, with plans to more than double gas production and strengthen energy security, according to the Prime Minister’s Media Office.

Prime Minister Ali Faleh Al-Zaidi presided over the signing between the state-run North Oil Company and KEPT, with the contract aiming to gradually raise gas production from about 135 million to 300 million standard cubic feet per day and oil output from 30,000 to 40,000 barrels per day.

The agreement is part of the Oil Ministry’s efforts to “maximize the utilization of hydrocarbon resources,” increase oil and gas production, and support Iraq’s electricity generation system.

https://www.shafaq.com/en/Economy/Iraq-inks-25-year-deal-to-develop-Ajeel-oil-field

US Dollar Tops 236,000 Iranian Tomans

2026-09-12 14:08    Shafaq News- Tehran   The US dollar climbed above 236,000 Iranian tomans in Iran's free market on Saturday, reaching a new high, according to Tejarat News, a website that tracks free-market exchange rates.

The euro also rose about 5.6% over the past week to around 274,760 tomans, while the British pound gained about 5.8% to top 319,000 tomans.

US Treasury Secretary Scott Bessent unveiled “Operation Economic Outcast” on August 24, targeting nearly 60 Iran-linked individuals, entities and vessels and widening potential secondary sanctions across sectors including digital assets, technology, gold, aviation and shipping.

Renewed US-Iran military exchanges and a US blockade have added pressure on Iran's economy and crude exports. Iranian loadings fell to about 220,000 to 255,000 barrels per day (bpd) in August from roughly 2 million bpd in March, according to industry data cited by Reuters.

Iran's central bank has sought to contain the pressure. Governor Abdolnaser Hemmati said on September 1 that Iran had sufficient foreign-currency reserves and was prepared to inject up to $2 billion into the market to curb volatility.

https://www.shafaq.com/en/Economy/US-dollar-tops-236-000-Iranian-tomans

Basrah Crude Rallies Around 16% In A Week

2026-09-12 07:25    Shafaq News- Basrahm  Basrah Heavy and Medium crude posted weekly gains of $13.45 and $13.43 a barrel, or 16.27% and 15.62%, respectively, after climbing in the final trading session despite losses in global oil prices.

Basrah Heavy gained $5.90 a barrel, or 6.54%, in the final session to settle at $96.11. Basrah Medium also rose $5.90, or 6.37%, to close at $99.41.

On global markets, West Texas Intermediate (WTI) fell $2.19, or 2.14%, to $99.89 a barrel, while Brent crude declined $2.70, or 2.51%, to $104.93. The UAE’s Murban crude dropped $2.48, or 2.02%, to $120 a barrel.

Gold Prices Fall In Baghdad, Erbil Markets

 2026-09-12 05:09    Shafaq News- Baghdad/ Erbil   On Saturday, gold prices hovered around 960,000 IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 960,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 956,000 IQD. The same gold had sold for 970,000 IQD on Thursday.

The selling price for 21-carat Iraqi gold stood at 930,000 IQD, with a buying price of 926,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 960,000 and 970,000 IQD, while Iraqi gold sold for between 930,000 and 940,000 IQD.

In Erbil, 22-carat gold was sold at 1 million IQD per mithqal, 21-carat gold at 955,000 IQD, and 18-carat gold at 818,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-Erbil-markets-9

Basrah Medium Rises 4.7% In August

2026-09-12 03:02   Shafaq News- Basra  Iraq’s Basrah Medium crude rose $3.67 per barrel in August to average $82.04, up 4.68% from $78.37 in July, according to OPEC’s latest monthly report.

The Iraqi grade outperformed Saudi Arab Light, which fell $1.36 to $86.52 per barrel, and Kuwait Export, which gained $0.76 to $82.78.

Other regional grades posted larger gains. UAE Murban climbed $11.81 to $90.96 per barrel, while Algeria’s Sahara Blend rose $10.53 to $94.32.

OPEC’s Reference Basket averaged $86.44 per barrel in August, up $3.45, or 4.1%, from $82.99 in July.

https://www.shafaq.com/en/Economy/Basrah-Medium-rises-4-7-in-August

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Seeds of Wisdom RV and Economics Updates Saturday Afternoon 9-12-26

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BRICS BREAKTHROUGH: 11 NATIONS AGREE ON JOINT DECLARATION AS GLOBAL FINANCIAL ORDER FACES NEW TEST

The 11-member BRICS bloc has adopted its New Delhi Declaration, strengthening its call for greater economic cooperation, local-currency trade and improved cross-border payments as emerging economies seek a larger role in the global financial system.

Good Afternoon Dinar Recaps,

BRICS BREAKTHROUGH: 11 NATIONS AGREE ON JOINT DECLARATION AS GLOBAL FINANCIAL ORDER FACES NEW TEST

The 11-member BRICS bloc has adopted its New Delhi Declaration, strengthening its call for greater economic cooperation, local-currency trade and improved cross-border payments as emerging economies seek a larger role in the global financial system.

 OVERVIEW

  • BRICS leaders have formally adopted the New Delhi Declaration at the group's summit in India, reaching consensus despite major differences among members, including the ongoing conflict involving Iran and the United States.

  • The declaration supports greater use of member countries' local currencies for trade and cross-border payments, while BRICS continues working on ways to make its payment systems more connected and efficient.

  • The development does not create a common BRICS currency or announce the replacement of the U.S. dollar. Instead, it represents another step toward a more diversified international financial system in which countries have additional options for trade settlement and payments.

KEY DEVELOPMENTS

1. BRICS Formally Adopts the New Delhi Declaration

The biggest development today is that BRICS has moved from negotiations to a formal joint declaration.

The expanded bloc includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.

Reaching agreement among such a diverse group is significant because the members have different economic interests, political relationships and positions on major international conflicts.

The declaration calls for dialogue, consultation and diplomacy while expressing concern over the growing risks created by conflicts and disruptions to international trade.

2. Local-Currency Trade Receives Greater Emphasis

One of the most important financial elements is the continued push toward trade and settlement using national currencies.

The declaration supports efforts to make cross-border payments more efficient and affordable and encourages greater use of local currencies in transactions among members.

This is different from creating a new BRICS currency.

Instead, countries can attempt to use their existing currencies more directly when conducting bilateral or multilateral trade.

Over time, greater use of national currencies could reduce the need to convert every international transaction through the dollar-based system.

That would not eliminate the dollar, but it could contribute to a more diversified currency environment.

3. BRICS Payment Systems Are Moving Toward Greater Connectivity

BRICS is also continuing work on cross-border payment infrastructure.

The group's financial discussions have focused on making national payment and messaging systems more compatible while improving the speed, safety and cost of international transactions.

India has been particularly active in promoting payment connectivity, including the potential linking of fast-payment systems and central bank digital currencies.

This is important because financial-system change can occur through payment infrastructure even without creating a new currency.

The systems that move money can change first.

4. The New Development Bank Adds Another Financial Layer

BRICS' financial architecture extends beyond payments.

The New Development Bank has become an important institution for financing infrastructure and development projects among emerging economies.

Greater use of local currencies in development financing could further reduce dependence on borrowing exclusively through traditional Western financial markets.

This does not mean BRICS has created a replacement for the IMF, World Bank or dollar-based financial system.

It does mean that additional institutions and financial channels are developing alongside the existing system.

5. BRICS Is Challenging Parts of the Existing Global Financial Order

The New Delhi Declaration also reflects broader concerns among BRICS members about unilateral tariffs, sanctions and the structure of international institutions.

Members are calling for greater representation of emerging and developing economies within major global institutions.

That includes discussions involving the IMF, World Bank, World Trade Organization and United Nations Security Council.

The financial significance is broader than BRICS itself.

If emerging economies increasingly coordinate their positions on trade, payments, development finance and global governance, they could gain greater influence over the rules governing international commerce.

WHY IT MATTERS

BRICS has now demonstrated that its expanded membership can reach a common declaration even while facing significant internal disagreements.

More importantly for global finance, the group is continuing to develop local-currency trade, cross-border payment cooperation and alternative financial institutions.

These developments do not replace the existing financial system overnight.

They create additional options alongside it.

The global financial order may be changing not through one replacement currency, but through the gradual construction of multiple ways to move, settle and finance international trade.

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 BRICS declaration is relevant because it involves some of the countries and currencies most closely associated with the development of a more multipolar financial system.

However, the declaration does not establish a revaluation of any particular currency.

It also does not establish a date for a Global Reset.

What it does show is that major emerging economies are continuing to work on the infrastructure needed to conduct more trade and financial transactions through their own currencies and payment systems.

For foreign currency holders, that is an important distinction.

The financial foundation is changing before any potential change in currency values can be assumed.

IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1 — Payments and Technology

The continued development of BRICS payment connectivity directly supports the Technology and Payments pillars of the evolving financial system.

If national payment systems eventually become more interoperable, international transactions could potentially occur faster and with fewer traditional intermediaries.

The significance is therefore not simply digital currency.

It is the development of interconnected financial infrastructure capable of moving value across borders in new ways.

  • Pillar 2 — Trade and Currency Diversification

Greater use of local currencies in international trade could gradually contribute to a more diversified monetary system.

Countries would have more choices regarding how they settle trade and finance investment.

That does not mean the U.S. dollar suddenly disappears.

It means the international system could increasingly contain multiple major currencies, payment networks and financial centers operating alongside one another.

THE BOTTOM LINE

The adoption of the New Delhi Declaration is a significant step for an expanded BRICS bloc that has often been questioned about whether its diverse members can reach meaningful consensus.

The financial significance is especially important: BRICS is continuing to promote local-currency trade, stronger cross-border payment systems and greater financial cooperation.

None of this means the dollar is being replaced today.

But it does demonstrate that major emerging economies are actively developing additional channels through which international trade and financial transactions can occur.

The Global Reset may not arrive as a single announcement — it may emerge gradually as countries build new payment systems, expand local-currency trade and create a more diversified financial architecture alongside the one that already exists.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

  1. Reuters — "BRICS adopts joint declaration, urges 'maximum restraint' in Mideast"

  2. Associated Press — "BRICS leaders voice concern over Middle East, condemn unilateral sanctions at India summit"

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Iraq Economic News and Points To Ponder Saturday Morning 9-12-26

Experts: Devaluing The Dinar Is Not A Solution To The Deficit... And The Government Has Other Alternatives That Don't Involve The Citizen's Pocket

About the news

With the deficit approaching one billion dollars per month, experts disagree on the feasibility of raising the dollar exchange rate.

Economic warnings against a return to raising the price of the dollar... Al-Khafaji: The citizen with limited income will pay the price.

Experts: Devaluing The Dinar Is Not A Solution To The Deficit... And The Government Has Other Alternatives That Don't Involve The Citizen's Pocket

About the news

With the deficit approaching one billion dollars per month, experts disagree on the feasibility of raising the dollar exchange rate.

Economic warnings against a return to raising the price of the dollar... Al-Khafaji: The citizen with limited income will pay the price.

Economic analysts have warned against resorting again to raising the exchange rate of the dollar against the Iraqi dinar, stressing that this step will exacerbate the burdens on citizens and push the prices of goods and services to rise.

  • Working to attract foreign investment and implement development projects.

  • The Iraqi economy is caught between the hammer of declining oil revenues and the anvil of inflation... and calls to stop tampering with the currency.

Economic analyst Abdul-Azim Al-Khafaji said that "any government move to raise the price of foreign currency is an ill-considered measure," noting that "the biggest loser from this policy will be the citizen, especially those with average and limited incomes, who will bear the burden of rising prices and declining purchasing power."

Al-Khafaji added that "this step would lead to a new wave of inflation," calling on the government to "look for economic alternatives and other financial solutions that do not affect the value of the local currency or burden citizens with the consequences of economic crises."

In contrast, economist Kazem Jaber stressed that "the economic policies pursued by the current government aim to address the challenges facing Iraq in light of the heavy reliance on oil revenues, which constitute about 95% of the state's resources."

He explained that "among the options being considered is reducing the value of the dinar against the dollar, in addition to working to attract foreign investments and implementing development projects within Iraq."   https://channel8.com/arabic/news/86243

The 50 And 100 Dinar Denominations Will Return With The Change Of Currency

Sunday, economic expert Mustafa Hantoush expected that the 50 and 100 dinar denominations would return to circulation if the currency change continued, indicating the possibility of issuing new monetary denominations with stronger security specifications .

Hantoush said, in a televised interview followed by Al Saa'a Network, that "the Central Bank may issue a new currency with advanced security specifications, with the possibility of offering monetary denominations of less than 250 dinars, such as 100 fils".  

He added, "The Central Bank may move to issue denominations of 50 and 100 dinars in the next stage", indicating that "returning these denominations may contribute to supporting the currency and strengthening the position of the Central Bank".

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

  https://alssaa.com/post/show/60571-خبير-اقتصادي-يرج-ح-عودة-فئتي-50-و100-دينار-مع-تغيير-العملة?utm_source=hathalyoum.net&utm_medium=referral&utm_campaign=news_redirect

Crisis Expert: The State Needs A Genuine Review Of Its Financial Management System

Information/Baghdad...  Crisis expert Ali al-Fariji stressed the need for the government to review the state's financial management system to prevent a recurrence of the financial crisis, particularly regarding employee salaries.

Al-Fariji told Al-Maalouma, “What is happening today should be a wake-up call for the Iraqi state. The salaries of millions of employees and retirees, as well as essential services, cannot remain almost entirely dependent on revenue from a single source and a single export route.”

He added, "Iraq today does not suffer from a lack of resources, but rather from a clear and genuine weakness in resource, liquidity, and risk management."

He explained that "what is required is not just finding funds for August salaries, but preventing the same problem from recurring in September and October."

He pointed out that "a state that possesses oil but struggles to finance its employees' salaries needs a genuine review of its financial management system, not a temporary solution at the end of each month." End 25

https://almaalomah-me.translate.goog/news/143835/economy/مختص-بالازمات:-الدولة-تحتاج-الى-مراجعة-حقيقية-لمنظومة-الإدار?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Government Adviser: Al-Zaidi’s Visits To France And Germany Carry Investment Message To Europe

Baghdad – INA - 9/11/2026   Financial Adviser to the Prime Minister Mazhar Mohammed Saleh said that Prime Minister Ali Faleh Al-Zaidi’s anticipated visits to France and Germany reflect Iraq’s orientation toward an investment partnership with Europe.  

In a statement to the Iraqi News Agency (INA), Saleh said, “The visit comes at an important economic juncture and is consistent with the shifts reflected at the G7 summit in Evian, France, on June 16, 2026, particularly its move toward adopting the principle of long-term investment partnerships, promoting joint investment, mobilizing private capital, and using guarantees, blended financing and risk-sharing mechanisms to finance strategically important projects.”  

He added that “the visit will carry a clear message that Iraq is seeking genuine investment partnership with Europe rather than financing,” noting that “Iraq possesses natural resources, a strategic geographic location, a market and major projects, while European companies and institutions possess capital, technology, expertise and access to global markets.”  

He continued that “what is required is to bring these advantages together through joint projects that generate returns for investors and added value for the Iraqi economy,” pointing out that “the priority is to move from memoranda of understanding to projects that can be implemented by selecting a significant number of strategic projects, identifying investors and partners, determining financing requirements, guarantees and risk-sharing mechanisms, and setting clear timelines for financial close and the commencement of implementation.”  

Saleh explained that “foremost among these projects is the Development Road project, which is being presented to Europe as an integrated strategic economic corridor rather than merely a railway and transport project, encompassing the Grand Faw Port, industrial and logistics zones, energy, communications and services,” stressing that “the project will serve as a model platform for joint Iraqi-European investment.”  

He noted that “the talks are expected to focus on energy, industry, petrochemicals, infrastructure, transport and communications, with priority given to projects that facilitate technology transfer, create jobs and develop value chains within Iraq, in line with the new principles adopted by the G7 since its 2025 summit, rather than limiting cooperation to contracting agreements or the export of raw materials.”  

He pointed to the importance of “differentiating between the priorities of Paris and Berlin,” saying that cooperation with France could focus on energy, transport, infrastructure, water and technology, while cooperation with Germany could focus on industry, energy, railways, equipment, industrial technology, training and knowledge transfer.  

He said that “the key objective of the visit is to reach agreement on a joint Iraqi-European investment mechanism that brings together Iraqi capital, European and international financial institutions, European companies and the Iraqi private sector, while using guarantee and blended-financing instruments to mitigate risks and attract greater investment.”  

Saleh stressed that “the success of the visit should not be measured by the number of agreements and memoranda of understanding signed, but by the number of projects that advance to final-stage studies, financial close and actual implementation.”  

He noted that “Iraq has an opportunity to redefine its economic relationship with Europe on a new basis, one centered on partnership rather than aid, investment rather than financing alone, production rather than imports, and the creation of value chains within Iraq rather than merely investing in its resources.”  

He underscored that “the clearest message conveyed by the visit is that Iraq is not asking Europe to finance its future, but inviting it to invest alongside Iraq in its future.”  

https://ina.iq/en/politics/51913-government-adviser-al-zaidis-visits-to-france-and-germany-carry-investment-message-to-europe.html

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SAUDI OIL PIPELINE HIT: NEW ENERGY SHOCK THREATENS GLOBAL SUPPLY, INFLATION AND FINANCIAL STABILITY

Saudi Arabia has temporarily shut a critical oil pipeline after an aerial attack, removing an important alternative export route as global crude supplies are already under pressure and energy prices remain elevated.

Good Morning Dinar Recaps,

SAUDI OIL PIPELINE HIT: NEW ENERGY SHOCK THREATENS GLOBAL SUPPLY, INFLATION AND FINANCIAL STABILITY

Saudi Arabia has temporarily shut a critical oil pipeline after an aerial attack, removing an important alternative export route as global crude supplies are already under pressure and energy prices remain elevated.

 OVERVIEW

  • Saudi Arabia has shut its 1,200-kilometer East-West oil pipeline after an aerial attack, temporarily removing a major route capable of moving approximately 4–5 million barrels of crude per day while bypassing the Strait of Hormuz.

  • The disruption comes as other Middle Eastern shipping routes face growing risks, including the Red Sea and Bab el-Mandeb, increasing concerns that additional attacks could further restrict global energy flows.

  • Global oil-market buffers are already significantly depleted. Chevron CEO Mike Wirth warned that stockpiles and other measures that previously helped limit price increases have largely been used, leaving the market more vulnerable to additional disruptions.

KEY DEVELOPMENTS

1. Pipeline shutdown removes a critical supply route

Saudi Arabia's East-West pipeline, also known as the Petroline, stretches approximately 1,200 kilometers from the kingdom's eastern oil fields to the Red Sea port of Yanbu.

The pipeline is particularly important because it provides Saudi Arabia with an alternative to shipping crude through the Strait of Hormuz.

Following the aerial attack, Saudi authorities temporarily shut the pipeline as a precaution while damage was assessed. The route has the capacity to transport approximately 4–5 million barrels per day, making its temporary closure significant for global energy markets.

The immediate question is not simply how much oil is lost.

It is how long the alternative route remains unavailable and whether additional energy infrastructure comes under attack.

2. The Red Sea is becoming another energy pressure point

The pipeline attack comes as the security situation around the Red Sea and Bab el-Mandeb is also deteriorating.

Reuters reports that Houthi forces have tightened their position around the strategically important shipping route, adding another layer of risk to international oil transportation.

That creates a dangerous combination.

The Strait of Hormuz is already under severe pressure, while another major route used to move energy between the Middle East, Europe and Asia is becoming increasingly difficult to rely upon.

For global markets, the loss of multiple transportation routes is potentially more important than the disruption of any single facility.

3. The global oil market has fewer buffers than before

The latest pipeline shutdown would be concerning under normal circumstances.

But the global market is entering this new disruption with significantly less protection than it had earlier in the conflict.

Chevron CEO Mike Wirth said oil-market buffers that had helped limit price increases earlier in the Iran war have now largely been depleted. Countries have released crude from strategic stockpiles, while other temporary measures have also been used to keep supplies moving.

Wirth warned that the risks to oil prices remain to the upside over the coming months.

This means another major disruption could have a larger market impact than earlier attacks, because there are fewer spare cushions available.

4. Energy pressure can become inflation pressure

Oil is not isolated from the rest of the economy.

Higher crude prices affect transportation, manufacturing, agriculture, shipping and consumer goods.

The effects can therefore move through the economy in stages:

Supply disruption → Higher oil prices → Higher transportation costs → Inflation pressure → Higher interest-rate expectations

That becomes particularly important now because U.S. inflation is already above the Federal Reserve's 2% target, while central banks in Europe and elsewhere are also confronting renewed energy-driven inflation.

The latest energy disruption therefore has the potential to complicate monetary policy decisions around the world.

5. The debt market could become the next transmission point

The Global Reset implications become clearer when energy is connected to government debt.

If energy prices remain elevated, inflation can remain higher for longer.

If inflation remains elevated, central banks may have less room to lower interest rates—or may even face pressure to keep rates higher.

Higher interest rates increase the cost of borrowing and refinancing government debt.

That produces another potential chain reaction:

Energy → Inflation → Interest Rates → Bond Yields → Government Debt Costs → Currency Pressure

This is why an attack on an oil pipeline can eventually become a global financial story.

WHY IT MATTERS

Energy is one of the foundations of the global economy.

When a major export route is disrupted at the same time that strategic reserves and other crude-market buffers have already been drawn down, the financial consequences can extend far beyond the energy sector.

The situation also demonstrates how closely geopolitics, energy security, inflation, debt and financial markets have become connected.

This is no longer simply a regional energy problem — it is a test of how much pressure the global financial system can absorb.

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 developments are important because energy prices can influence inflation, interest rates, trade balances, capital flows and currency valuations around the world.

However, the Saudi pipeline shutdown does not guarantee a revaluation of any particular foreign currency, nor does it establish a timetable for a Global Reset.

What it does provide is another measurable example of the financial pressures that can influence the international monetary system.

For currency holders, the important signals remain the underlying economic and financial changes, rather than predictions about a specific reset date.

Hope is understandable. Evidence is essential.

IMPLICATIONS FOR THE GLOBAL RESET

  • PILLAR 1 — Energy and Financial Stability

The Saudi pipeline disruption demonstrates why energy security is increasingly becoming a financial-security issue.

The ability to move oil from producing regions to consuming nations is essential to the functioning of the global economy.

When transportation routes are disrupted, the consequences can spread into prices, trade, inflation and monetary policy.

Energy infrastructure is therefore becoming an increasingly important component of the global financial system.

  • PILLAR 2 — Debt, Currencies and the Next Financial Pressure Point

The potential impact becomes even greater when energy inflation collides with high government debt.

Governments already face substantial refinancing requirements. Higher inflation and interest rates can make that debt more expensive to service.

At the same time, changing interest-rate expectations can affect the relative value of currencies and the movement of international capital.

The result is a financial system in which energy events can increasingly influence debt markets and currencies.

That connection is one of the major structural developments to watch as the global financial architecture evolves.

THE BOTTOM LINE

Saudi Arabia's temporary shutdown of its East-West oil pipeline is significant because it removes an important alternative route at a time when the global oil market is already operating with depleted buffers.

The danger is not simply today's lost capacity.

The greater concern is what happens if additional energy infrastructure or shipping routes are disrupted while the world's available supply cushions are already thin.

For the Global Reset, the lesson is clear: financial-system pressure does not have to begin inside a bank or a bond market.

The next financial shock may begin with a disruption to the physical flow of energy — and then travel through inflation, interest rates, debt, bonds and currencies across the global economy.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

1.      Reuters — "Saudis shut down oil pipeline as Houthis tighten grip on Red Sea shipping"

2.      Reuters — "Chevron CEO says depleted crude oil buffers could lead to higher prices"

~~~~~~~~~~

🌱 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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Al-Zaidi returns to the United States after a European tour, carrying three "hot" files.

KTFA:

Clare:  Al-Zaidi returns to the United States after a European tour, carrying three "hot" files.

9/11/2026

An informed source revealed on Friday that Iraqi Prime Minister Ali al-Zaidi intends to travel to the United States to participate in the work of the United Nations General Assembly, following the end of his European tour, which includes France and Germany, while indicating that there are efforts to arrange a meeting between him and US President Donald Trump.

KTFA:

Clare:  Al-Zaidi returns to the United States after a European tour, carrying three "hot" files.

9/11/2026

An informed source revealed on Friday that Iraqi Prime Minister Ali al-Zaidi intends to travel to the United States to participate in the work of the United Nations General Assembly, following the end of his European tour, which includes France and Germany, while indicating that there are efforts to arrange a meeting between him and US President Donald Trump.

The anticipated visit to the United States comes after a European tour that al-Zaidi will begin next week, which includes France and Germany. He is scheduled to meet with French President Emmanuel Macron in Paris on September 14, before moving on to Germany, as part of a government move to expand Iraq’s economic, political and security partnerships with European countries.

The 81st session of the United Nations General Assembly opened in New York on September 8, while the high-level general debate, which brings together leaders of states and governments, begins on September 22 and continues until September 26, before concluding on September 28.

 The source told Shafaq News Agency that "Prime Minister Ali al-Zaidi will visit the United States after the end of his visits to France and Germany, to participate in the work of the United Nations General Assembly in New York," indicating that "there are political moves to secure a meeting between al-Zaidi and US President Donald Trump on the sidelines of the visit."

 He added that holding the meeting "depends on the success of the political mediator in completing the necessary arrangements," noting that the Prime Minister intends, if it takes place, to discuss three main issues with the American side.

 According to the source, the files include “the withdrawal of US forces from Iraq within the agreed timeframes, the results of the anti-corruption campaign and the expected steps within it, as well as the course of the political process in Iraq.”

 He indicated that the anti-corruption file may witness during the next stage "measures targeting well-known figures suspected of involvement in corruption cases, in addition to measures related to a number of Iraqi banks."

 The source added that "the post-withdrawal phase of US forces may witness the entry of investment companies into Iraq to begin implementing projects that were previously agreed upon."

Regarding efforts to arrange a meeting with Trump, the source explained that "the political mediator who previously succeeded in arranging an official visit for al-Zidi to Washington is the same one who is currently working to secure a new meeting between the Iraqi Prime Minister and the US President."

 Iraqi Prime Minister Ali al-Zubaidi visited the United States in mid-July, leading a high-level delegation that included a number of ministers, government officials, members of parliament, and businessmen, on an official visit that lasted five days. The visit focused on launching a comprehensive and diversified economic partnership to support the Iraqi economy, expand investment opportunities, revitalize the local labor market, and enable Iraq to open new outlets for exporting crude oil and increase production and refining capacities.   LINK

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Rob Cunningham: America’s 9x Monetary Upgrade

Rob Cunningham: America’s 9x Monetary Upgrade

9-11-2026

America: A 9X Stronger Republic

Q: What laws govern money – and do those laws bind the powerful exactly as firmly as they bind everyone else?

This single question changes the entire conversation.

A corrupt monetary architecture does not become honest because transactions happen with paper.

Rob Cunningham: America’s 9x Monetary Upgrade

9-11-2026

America: A 9X Stronger Republic

Q: What laws govern money – and do those laws bind the powerful exactly as firmly as they bind everyone else?

This single question changes the entire conversation.

A corrupt monetary architecture does not become honest because transactions happen with paper.

And an honest monetary architecture does not become corrupt because transactions happen digitally.

The ultimate issue isn’t the substrate. It is the architecture of power, property, accountability and consent.

Consider what becomes technologically possible when money and assets exist on properly designed cryptographic ledgers.

For decades, enormous portions of finance have depended upon institutional representations:

• we have the reserves;
• these books reconcile;
• this intermediary owns that asset;
• this liability belongs there;
• this transaction occurred as represented.

A properly engineered digital monetary system can move some of those propositions from institutional assertion → global verification.

That is revolutionary.

From TRUST ME → PROVE IT

Imagine monetary architecture built around the following

9 Inviolable Principles:

Soundness → Verifiability → Property Rights → Privacy → Due Process → Transparency of Institutions → Equal Rules → Mathematical Reconciliation → Accountability.

Then deliberately separate two things that are too often confused:

Citizen privacy. Institutional opacity.

They are NOT synonymous.

A free society can reasonably demand strong privacy for ordinary lawful human activity while simultaneously demanding extraordinary transparency from institutions entrusted with other people’s money.

That inversion matters.

For centuries the individual has often been remarkably visible to the institution while the institution’s balance sheet, counterparties, leverage, reserves, beneficial ownership and interconnected risks remained comparatively difficult for the individual to see.

A genuinely new architecture reverses much of that asymmetry:

• Private people.
• Transparent public institutions.
• Verifiable reserves.
• Auditable rules.
• Provable ownership.
• Accountable authority.

THE OBJECTIVE IS NOT A CASHLESS SOCIETY.

THE OBJECTIVE IS A TRUSTLESSLY VERIFIABLE SOCIETY.

Not trustless because nobody deserves trust.

Trustless because truth shouldn’t require trust where mathematics can establish the answer.

That leaves an enormously important role for human law.

Cryptography can establish:

What happened.
When it happened.
What was signed.
What assets existed.
Whether two records reconcile.

But cryptography cannot establish:

What is just.
What constitutes lawful authority.
What rights humans possess.
When government may intervene.
What due process requires.

Those remain questions of constitutional government, law and human judgment.

And therefore the strongest monetary architecture isn’t code instead of law.

It is:
LAW + CODE + CONSENT + VERIFICATION + ACCOUNTABILITY
with each constraining the others.

Our emerging 9x Stronger Monetary System offers a quantum leap forward in the “A Republic – if you can keep it.” response Benjamin Franklin gave to Elizabeth Willing Powel’s question: “Well, Doctor, what have we got, a republic or a monarchy?”

America’s 9X Monetary Upgrade is not about replacing paper with surveillance money.

It is about replacing unverifiable institutional assertions with soundness, provable ownership, equal rules, mathematical reconciliation and lawful accountability.

XRP is uniquely relevant because it was engineered as a finite, neutral, rapidly settling bridge asset – not as another national currency or institutional IOU.

Ripple’s patented on-demand-liquidity technology and its expanding payments, custody, prime brokerage, stablecoin, treasury, tokenization and interoperability ecosystem create the institutional machinery through which that bridge utility can reach the world.

Ripple builds the roads, ramps, compliance checkpoints and financial terminals;
XRP is the neutral liquidity vehicle capable of moving value between them.

And that combination yields the question every truth-seeking influencer should ask:

“If the world is tokenizing every currency, deposit, security and real-world asset, what neutral instrument will allow all that value to move between otherwise disconnected systems – without forcing humanity to trust one bank, one corporation, one NGO or one sovereign issuer?

Source(s):
https://x.com/KuwlShow/status/2098034145112863230
https://x.com/KuwlShow/status/2098050498796380452

https://dinarchronicles.com/2026/09/10/rob-cunningham-americas-9x-monetary-upgrade/

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BRICS POWER SHIFT: XI, MODI AND PUTIN MEET AS TRADE, ENERGY AND GLOBAL FINANCE REALIGN

As BRICS leaders gather in New Delhi, meetings among China, India and Russia are putting trade, energy, industrial cooperation and the future architecture of global finance at the center of a rapidly changing economic order.

Good Afternoon Dinar Recaps,

BRICS POWER SHIFT: XI, MODI AND PUTIN MEET AS TRADE, ENERGY AND GLOBAL FINANCE REALIGN

As BRICS leaders gather in New Delhi, meetings among China, India and Russia are putting trade, energy, industrial cooperation and the future architecture of global finance at the center of a rapidly changing economic order.

 OVERVIEW

  • India and Russia are deepening economic ties: Prime Minister Narendra Modi and Russian President Vladimir Putin met in New Delhi ahead of the BRICS summit, discussing trade, energy, infrastructure, defense, space and other areas of cooperation. The two countries are targeting $100 billion in bilateral trade by 2030.

  • China is joining the high-level discussions: Chinese President Xi Jinping is in India for the BRICS summit and is expected to meet Modi on September 12. The meeting is significant because it represents another step in a cautious thaw between the two Asian powers after years of strategic tensions.

  • BRICS is testing whether economic cooperation can translate into greater financial influence: The expanded group is discussing trade, energy, payment systems and ways to reduce dependence on traditional Western-dominated financial channels, although major political and economic differences remain among its members.

KEY DEVELOPMENTS

1. MODI AND PUTIN DEEPEN INDIA-RUSSIA ECONOMIC COOPERATION

The meeting between Modi and Putin comes at a critical moment for both countries.

India continues to view Russia as an important source of energy and strategic cooperation, while Russia is looking to expand trade and economic relationships with countries outside the Western sanctions system.

The leaders reviewed cooperation across political, economic, defense, energy, space and industrial sectors. They also discussed the effects of the conflicts in West Asia and the Black Sea region on maritime trade and the safety of Indian seafarers.

The two countries are working toward a $100 billion bilateral trade target by 2030.

That makes the relationship about much more than oil.

It includes manufacturing, infrastructure, transportation, technology, energy and industrial supply chains.

2. XI-MODI TALKS COULD BECOME AN IMPORTANT BRICS MOMENT

Chinese President Xi Jinping's participation adds another major dimension to the summit.

Xi's visit is significant because China and India have spent years managing serious strategic tensions, including their disputed Himalayan border.

Their relationship has recently shown signs of improvement, with diplomatic and economic contacts gradually increasing.

A meeting between Xi and Modi during the summit could provide an opportunity to discuss trade, investment, regional security and broader economic cooperation.

It does not mean that China and India have resolved their longstanding differences.

But even limited cooperation between the world's two most populous nations could have substantial consequences for global trade and supply chains.

3. ENERGY IS BECOMING A STRATEGIC FINANCIAL ISSUE

The India-Russia relationship demonstrates how energy has become increasingly connected to geopolitics and finance.

India has continued purchasing large quantities of Russian oil while attempting to maintain relationships with the United States, Europe and other major powers.

This gives India a difficult balancing role.

At the same time, Russia needs reliable buyers and alternative markets for its energy exports.

The result is a growing network of energy relationships that operates alongside traditional Western trade structures.

Energy flows are increasingly influencing trade relationships, diplomatic partnerships and financial arrangements.

4. BRICS IS SEEKING GREATER INFLUENCE OVER GLOBAL TRADE AND FINANCE

The BRICS summit is taking place as members seek greater influence over the institutions and rules governing the international economy.

The expanded bloc now includes major economies and energy producers across Asia, the Middle East, Africa and Latin America.

BRICS discussions include improving trade and investment cooperation, strengthening payment mechanisms and increasing the use of national currencies in cross-border transactions.

The objective is not necessarily to eliminate the U.S. dollar.

Rather, countries are increasingly seeking more options for conducting international commerce and settling transactions.

That distinction is important.

A more diversified global payment system can develop gradually without a single event replacing the existing monetary system.

5. THE BIGGEST QUESTION IS WHETHER BRICS CAN TURN COOPERATION INTO INFRASTRUCTURE

BRICS has enormous economic potential, but the group also faces substantial internal differences.

China and India remain strategic competitors.

Members have different relationships with the United States and Europe.

The expanded group also contains countries with competing interests in the Middle East and different approaches to the conflicts affecting global trade routes.

The challenge therefore is not simply bringing leaders together.

The real test is whether BRICS can convert political meetings into lasting trade agreements, payment infrastructure, energy partnerships, investment mechanisms and financial cooperation.

That is where the Global Reset implications become much more significant.

WHY IT MATTERS

The significance of today's meetings extends beyond the individual relationships among China, India and Russia.

These countries sit at the center of some of the world's most important energy supplies, manufacturing networks, commodity markets and trade routes.

If their economic relationships deepen, the effects could extend into global trade, commodity pricing, supply chains, payment systems and currency usage.

This is not simply a diplomatic gathering — it is a test of whether emerging economic powers can build greater influence over the architecture of global finance.

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 developments are worth watching because they involve some of the countries and currencies most frequently discussed in connection with the evolving international monetary system.

But stronger BRICS cooperation does not guarantee that any particular currency will revalue.

It also does not establish a date for a Global Reset.

What it does demonstrate is that major economies are working to expand their economic relationships, diversify trade channels and develop additional ways to conduct international commerce.

For foreign currency holders, the important question is not simply "When will currencies revalue?"

It is also:

"What financial infrastructure is being built that could eventually change how those currencies are used?"

Hope is understandable. Evidence is essential.

IMPLICATIONS FOR THE GLOBAL RESET

  • PILLAR 1 — Trade, Energy and Currency Diversification

The expanding economic relationship between India and Russia demonstrates how trade and energy can create new financial connections.

When countries conduct more trade directly with one another, they can explore different arrangements for currency settlement, banking relationships and payment systems.

That does not automatically eliminate the dollar.

But it can contribute to a more diversified international monetary environment.

  • PILLAR 2 — The Emergence of a More Multipolar Financial System

China, India and Russia represent three major economic powers with enormous populations, industrial capacity, energy needs and trade relationships.

If cooperation among them becomes deeper and more institutionalized, the financial consequences could extend well beyond BRICS.

The emerging system could increasingly feature multiple major currencies, multiple payment networks and multiple centers of economic influence rather than one overwhelmingly dominant financial channel.

That is one of the structural developments worth watching as the global financial architecture evolves.

THE BOTTOM LINE

The meetings taking place around the BRICS summit are significant because they bring together three countries with enormous influence over energy, manufacturing, trade and global economic growth.

Modi and Putin have already reinforced their strategic and economic partnership, while Xi's participation creates an opportunity for India and China to further develop their cautious diplomatic and economic thaw.

There are still major obstacles to deeper BRICS integration, and today's developments do not signal the immediate replacement of the dollar or an imminent currency revaluation.

But the direction is clear: major emerging economies are working to strengthen trade, energy and financial relationships that give them greater flexibility in an increasingly fragmented global economy.

The Global Reset may not arrive as one dramatic announcement — it may take shape through a growing network of trade, energy, payment and currency relationships that gradually shifts where financial power resides.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

  1. Reuters — "Modi, Putin seek stronger ties as Russia calls for BRICS to counter West"

  2. Associated Press — "BRICS leaders gather in New Delhi as wars and rivalries strain the expanded bloc"

~~~~~~~~~~

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RATE HIKE WARNING: EUROPE'S ENERGY CRISIS OPENS A NEW FRONT IN THE GLOBAL DEBT BATTLE

The European Central Bank has raised interest rates as energy-driven inflation accelerates, adding fresh pressure to European bond markets, government borrowing costs and an already strained global debt system.

Good Morning Dinar Recaps,

RATE HIKE WARNING: EUROPE'S ENERGY CRISIS OPENS A NEW FRONT IN THE GLOBAL DEBT BATTLE

The European Central Bank has raised interest rates as energy-driven inflation accelerates, adding fresh pressure to European bond markets, government borrowing costs and an already strained global debt system.

OVERVIEW

  • The European Central Bank (ECB) raised its benchmark deposit rate to 2.50% on September 10, marking its second rate increase this year as surging oil and natural-gas prices push euro-area inflation above 3%. The ECB is now projecting average inflation of 3.0% for 2026 and 2.5% for 2027, both well above its 2% target.

  • The rate increase comes as the ongoing Middle East conflict continues to disrupt energy markets. Higher oil and gas prices are feeding directly into inflation concerns, forcing policymakers to confront a difficult choice: fight rising prices with tighter monetary policy while avoiding additional damage to economic growth.

  • Financial markets have already responded. European government bond yields moved to multi-year highs after the ECB decision, with Germany's 10-year yield reaching its highest level since 2011 and France's 30-year yield reaching levels last seen in 2003. Markets have also increased expectations for additional ECB rate increases.

  • This creates a powerful financial chain reaction:  Energy Shock → Inflation → Rate Hikes → Higher Bond Yields → Higher Borrowing Costs → Greater Debt Pressure

For the Global Reset discussion, the significance is not simply that Europe raised interest rates. It is that energy, inflation, monetary policy and government debt are increasingly becoming interconnected pressures within the global financial system.

KEY DEVELOPMENTS

1. The ECB Raises Rates Again

The ECB increased its deposit rate by 25 basis points to 2.50%, making this the second rate hike of 2026.

The move reflects concern that the energy shock caused by the Middle East conflict could keep inflation elevated for an extended period.

ECB President Christine Lagarde has warned that inflation remains significantly above the bank's target and that the outlook remains highly uncertain, with risks tilted toward higher inflation and weaker economic growth.

The central bank is therefore attempting to prevent today's energy shock from becoming tomorrow's broader inflation problem.

2. Energy Prices Are Driving the Inflation Problem

The unusual feature of the current inflation surge is that it is being driven heavily by energy costs rather than simply excessive consumer demand.

Oil prices have risen sharply as the conflict threatens energy supplies and shipping routes, while European natural-gas prices have also climbed substantially.

That creates a difficult situation for central banks.

Higher interest rates can reduce demand, but they cannot directly produce more oil or natural gas.

The ECB therefore faces the challenge of responding to an inflation problem that originates partly outside traditional monetary policy.

3. European Bond Yields Are Surging

The rate decision immediately affected Europe's bond markets.

Germany's 10-year government bond yield reached its highest level since 2011, while France's 30-year yield reached its highest level since 2003. Other European borrowing costs also moved higher as investors increased expectations for additional rate increases.

Higher yields matter because governments must continually refinance existing debt.

When borrowing costs rise, governments have to devote more resources to interest payments or find other ways to manage their budgets.

That becomes increasingly important for countries already carrying substantial debt loads.

4. The Debt Problem Becomes More Difficult

Europe's situation illustrates a broader global problem.

Governments accumulated significant debt during years of low interest rates, while the post-pandemic period brought additional borrowing and fiscal pressure.

Now, the cost of refinancing that debt is rising at the same time that governments are dealing with higher energy costs and demands for increased spending.

The result is a difficult financial equation:

Higher inflation can require higher rates, while higher rates increase the cost of servicing government debt.

That tension can become particularly important when economic growth is slowing.

5. The Global Bond Market Is Feeling the Pressure

Europe is not experiencing this pressure in isolation.

The latest bond-market selloff has spread across major economies, with rising energy prices and expectations for tighter monetary policy pushing government yields higher internationally. Reuters reported that U.S. and U.K. yields also moved sharply higher as investors reassessed the inflation and interest-rate outlook.

This matters because government bond markets sit at the foundation of modern finance.

Treasury and sovereign bonds influence mortgage rates, business borrowing, investment decisions, currency valuations and the cost of government financing.

When yields move significantly higher, the consequences can travel through multiple layers of the financial system.

WHY IT MATTERS

Europe's rate hike demonstrates how a geopolitical energy crisis can become a monetary and debt problem.

The ECB is attempting to prevent higher energy prices from becoming entrenched inflation, but the medicine comes with a cost: higher interest rates and potentially higher borrowing costs for governments, businesses and households.

This is why the current situation deserves attention beyond Europe.

The energy crisis is no longer just an energy story — it is becoming a test of how much financial pressure the global debt system can absorb.

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.

Developments such as the ECB rate increase are important because interest-rate changes can influence currency values, capital flows and the relative attractiveness of different currencies.

However, an ECB rate hike does not guarantee a revaluation of any particular foreign currency, nor does it establish a timetable for a Global Reset.

What it does provide is another measurable indication that the international monetary system is operating under significant pressure from energy costs, inflation, interest rates and debt.

For currency holders, these underlying forces are more important to watch than unsupported predictions about specific reset dates.

Hope is understandable. Evidence is essential.

IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1 — Debt and Monetary Stability

The ECB's decision highlights one of the central challenges facing modern economies:

How do governments manage enormous debt loads when inflation requires interest rates to remain higher for longer?

Higher rates can help contain inflation, but they also make government borrowing more expensive.

That creates pressure for governments to improve fiscal management, restructure spending and find ways to maintain financial stability.

This debt-and-monetary tension is one of the major structural issues shaping the future financial system.

  • Pillar 2 — Energy and the Global Financial Architecture

The European experience also demonstrates the growing connection between energy security and monetary stability.

When energy supplies are disrupted, the effects can move into inflation, interest rates, bonds, currencies and government finances.

This means energy security is increasingly becoming a financial-security issue.

As nations seek greater resilience, they may also accelerate efforts to diversify energy supplies, strengthen trade relationships and develop alternative financial and payment arrangements.

THE BOTTOM LINE

The ECB's rate hike is significant because it shows that the energy shock is now influencing central-bank policy and global borrowing costs.

Europe is attempting to control inflation while avoiding a deeper economic slowdown, all while governments face higher costs for servicing existing debt.

The broader question is how long the world's financial system can absorb simultaneous pressure from energy disruption, inflation, rising interest rates and elevated government debt.

The next major financial shift may not come from a single market — it may emerge as energy costs ignite inflation, inflation pushes bond yields higher, and rising debt pressures begin traveling through the currencies and financial systems of nations around the world.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

  1. Reuters — "ECB raises interest rates to fight off inflation jump"

  2. Reuters — "Bond yields hit multi-year highs as traders brace for new ECB rate-hike cycle"

~~~~~~~~~~

🌱 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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Iraq Economic News and Points To Ponder Late Thursday Evening 9-10-26

The Kurdistan Regional Government Has Decided To Immediately Close All Forex Companies And Ban The Trading Of Digital Currencies.

Erbil (Kurdistan24) - The Kurdistan Regional Government has launched a broad campaign to combat illegal currency trading, ordering the immediate and comprehensive closure of all companies and offices operating in the field of electronic trading "Forex", with a strict emphasis on prohibiting the trading of digital and encrypted currencies.

The Kurdistan Regional Government Has Decided To Immediately Close All Forex Companies And Ban The Trading Of Digital Currencies.

Erbil (Kurdistan24) - The Kurdistan Regional Government has launched a broad campaign to combat illegal currency trading, ordering the immediate and comprehensive closure of all companies and offices operating in the field of electronic trading "Forex", with a strict emphasis on prohibiting the trading of digital and encrypted currencies.

An official circular issued by the Presidency of the Council of Ministers of the Kurdistan Region tasked the Ministry of Interior and the relevant security agencies with immediately beginning to close the headquarters and offices of companies and centers trading in digital currencies and “Forex” platforms that are not licensed in all cities and governorates of the region.

Decision-Making Principles:

Compliance with Baghdad and Central Bank decisions: These procedures are based on official instructions issued by the Central Bank of Iraq, which criminalize and classify any dealings with digital currencies and platforms not subject to the official financial system as illegal and prohibited banking activities.

Immediate closure and field prosecution: The Ministry of Interior is tasked, in coordination with relevant institutions and departments, with raiding and sealing all sites and centers that carry out this activity outside the scope of the law and applicable instructions.

Preventing evasion and changing addresses: The directive stressed the need to pursue all companies and networks that trade under pseudonyms, or resort to tricks and changing addresses and business activities to circumvent the decision.

Protecting The Financial Security Of Citizens

The Kurdistan Regional Government affirmed that this decisive measure stems from a commitment to preserving the financial stability of citizens and protecting their savings, preventing the draining of capital abroad, as well as containing the risks of fraud, financial scams, and the serious losses resulting from unreliable speculation on these unregulated platforms.

https://www.kurdistan24.net/ar/story/938517/حكومة-إقليم-كوردستان-تقرر-الإغلاق-الفوري-لكافة-شركات-الفوركس-وتمنع-تداول-العملات-الرقمية

The Kurdistan Regional Government (KRG) Has Ordered The Closure Of All Forex Companies

Summary of the news

  • The Kurdistan Regional Government (KRG) has ordered the closure of all Forex companies.

  • The Kurdistan Regional Government (KRG) is launching a massive campaign to eradicate illegal currency trade.

  • The Kurdistan Regional Government (KRG) insists on a complete ban on trading in digital currencies.

Thursday, September 10, 2026, the Presidency of the Office of the Council of Ministers in an official generalization ordered the Ministry of Interior to immediately close all companies and offices of electronic exchange (forex) and insists on a complete ban on dealing in digital currencies.

The main themes of the decision:

  • Compliance with Baghdad's decisions: The measures are based on the official guidelines of the Central Bank of Iraq.

  • Any transactions with digital currencies and forex platforms have been deemed illegal.

  • Immediate closure: The Ministry of Interior, in coordination with the relevant agencies, has been instructed to close all places and centers that do this without a license and outside the guidelines.

  • Prevention of evasion: The decision also applies to all companies and groups that conduct the same activities under different names, scams and other business addresses.

This new step of the government in order to protect the financial security of citizens, prevent the waste of capital and prevent the fraud and financial losses faced by citizens due to uncertain transactions in this field.    https://channel8.com/kurdish/news/231261

The Caretaker Kurdistan Regional Government has instructed the Ministry of Interior to enforce the closure of unauthorized Forex and foreign exchange offices across the region.

https://x.com/Channel8English/status/2098018231617245372

81 Banks And Financial Institutions In Iraq... Why Are Most Of Them Absent From Global Banking Lists?

September 10, 2026Last updated: September 10, 2026

81 banks in Iraq... Why are most of them absent from the global rankings?

Al-Mustaqilla - Iraq has a numerically large banking network, comprising dozens of government, commercial, Islamic, and foreign bank branches, but the paradox emerges when moving from the number of banks to their real weight on the international banking map; this large number is not reflected in a similar presence in the most prominent global bank rankings.

According to the approved lists of operating banks, the Iraqi banking system includes 8 government banks, 24 local commercial banks, and 31 local Islamic banks, in addition to 16 branches of foreign banks and two representative offices, bringing the total number to about 81 banking institutions and representative offices.

However, research into the most prominent international rankings, most notably the Top 1000 World Banks list issued by The Banker magazine, which is mainly based on the size of Tier 1 Capital, reveals that the Iraqi presence in the global list has remained very limited compared to the number of banks operating in the country.

One of the most prominent documented Iraqi cases is the Trade Bank of Iraq (TBI), which in previous years managed to enter the list of the world's top 1,000 banks. According to officially published data from the bank, its ranking reached 319th globally in 2020 according to the Tier 1 Capital metric, after advancing 26 places compared to the previous year.

However, this ranking is historical and should not be treated as a current ranking for 2026. Even in the latest edition of The Banker's list, there is no documented current ranking in open public data that can be attributed to all Iraqi banks or even most of them individually.

This highlights one of the most significant problems in understanding the reality of Iraqi banks: the existence of dozens of banks does not mean that each one has a global ranking. Major international rankings are based on capital, assets, profitability, financial strength, market reach, and balance sheet quality, while the majority of small and medium-sized banks do not even appear on these lists.

The difference becomes even more apparent when comparing Iraq to the Gulf banking systems. Countries like Saudi Arabia, the UAE, Qatar, and Kuwait, while having fewer banks in some cases, have a stronger presence in global rankings because several of their banks possess significantly larger capital, assets, profitability rates, and international reach.

In Iraq, the IMF notes that the banking system remains heavily concentrated around two major state-owned banks, while private banks remain relatively small and face challenges related to limited capital, a limited customer base, and competition with state-owned banks. The IMF also pointed out that the dominance of large state-owned banks has hindered the emergence of stronger private banks.

The IMF also pointed to the need to complete the restructuring of state-owned banks, modernize the banking system, and expand international correspondent banking relationships, as essential steps for integrating the Iraqi banking sector more broadly into the global financial system.

Most telling is the risk assessment conducted by S&P Global Ratings on banking systems worldwide. In its July 2026 update, the agency placed the Iraqi banking system in the BICRA Group 10. ( S&P Global )

This ranking does not mean that Iraq is ranked tenth globally; rather, the S&P scale ranges from Group 1 to Group 10, with Group 1 representing the lowest-risk systems and Group 10 representing the highest-risk systems. Thus, Iraq falls within the highest levels of banking risk according to this international scale.

A regional comparison reveals the widening gap. In the same S&P assessment, Saudi Arabia was in Group 3, the UAE and Qatar in Group 4, Kuwait in Group 3, Jordan in Group 6, while Iraq remained in Group 10.

This does not mean that all Iraqi banks are in trouble or in similar situations, because the BICRA rating relates to banking risks at the national and financial system levels, not to an individual rating for each bank. Rather, it reflects the environment in which these institutions operate and the strength of the surrounding regulatory, economic, and financial system.

S&P also notes that the Iraqi economy is highly sensitive to oil market fluctuations, and that its high dependence on oil and political and economic volatility affect the operating environment for banks. The agency has described the Iraqi banking environment in its reports as relatively weak compared to other banking systems.

Here The Real Question Becomes: How Many Banks Does Iraq Have? But: How Many Of Them Are Capable Of Competing Globally?

The existence of dozens of banks does not automatically translate into a strong sector unless there are banks with large capitalizations, stable deposit bases, sustainable profitability, strong governance, effective compliance systems, international correspondent relationships, and credit ratings comparable with regional and international institutions.

The presence of 16 branches of foreign banks in Iraq does not mean that they are included in the global classification of Iraqi banks, because the classification that a banking group such as Standard Chartered or others may have is due to the parent bank and its global group, and not to its branch operating inside Iraq as an independent Iraqi bank.

Therefore, describing all 81 banks as having a “global ranking” is inaccurate. The vast majority do not even appear in any of the most prominent rankings of the world’s largest banks, while a limited number appear only in individual international data or assessments.

Between the large number and the weak international presence, it seems that the next challenge facing the Central Bank of Iraq will not only be maintaining dozens of banking licenses, but also building a less fragmented, stronger and more competitive sector.

The ongoing reform of the banking sector may, in the next phase, lead to a restructuring of the market, raising capital, compliance and governance requirements, and perhaps reducing the number of weak banks or merging some of them, in exchange for building larger institutions that are more capable of connecting with the international financial system.

In Conclusion, The Situation Can Be Summarized In One Sentence:

Iraq has dozens of banks, but it does not yet have dozens of banks with global influence.

The number has reached about 81 banking institutions and representative offices, but the presence in major global rankings remains limited, at a time when the Iraqi banking system is still classified among the highest risk groups by S&P.

This puts the sector to a real test: Will the upcoming reforms succeed in transforming the “abundance of banks” into “banking strength,” or will the map of Iraqi banks witness downsizing, mergers, and extensive restructuring in the coming years

https://mustaqila.com/81-مصرفًا-ومؤسسة-مصرفية-في-العراق-لماذا/

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