Seeds of Wisdom RV and Economics Updates Thursday Evening 2-26-26

Good Morning Dinar Recaps,

Nuclear Diplomacy in Geneva: Risks and Ripples Across Markets

Critical U.S.–Iran talks test global stability and financial sentiment

 Overview

Negotiators from the United States and Iran resumed nuclear negotiations in Geneva, marking a pivotal moment in diplomatic efforts to avoid a broader military confrontation. While no binding deal was reached, diplomats reported incremental progress — and markets reacted sharply to the evolving risk calculus.

Key Diplomatic Signals

• Negotiations continued amid a massive U.S. military buildup near the region.

• Tehran signaled willingness to show “flexibility” but stopped short of solid concessions.

• Officials framed today’s session as a last chance to avert conflict that could destabilize the region and markets.

Market and Commodity Reactions

Oil and Energy Prices

Geopolitical risk premiums strengthened as traders balanced rising tensions against a recent surge in U.S. crude inventories — a dynamic keeping oil prices relatively stable but jittery. Brent and WTI oil benchmarks remain anchored by uncertainty.

Strategic Impact:
Energy markets price both supply risk from conflict and demand headwinds from economic slowdowns — a rare dual squeeze that influences inflation and global growth projections.

Stock Index Volatility

U.S. equity averages closed lower as investors reassessed risk, particularly in:

• Chipmakers and AI-focused sectors

• Global yield-sensitive industries

Heightened caution reflects both geopolitical uncertainty and broader macro concerns.

ESG and Institutional Shifts

Meanwhile, the Government Pension Fund of Norway is deploying Claude AI for ESG investment screening, signaling how risk frameworks are evolving alongside geopolitical stress in capital markets.

Why It Matters

This moment impacts the global reset across multiple domains:

• Geopolitical Risk Realignment — Nuclear diplomacy is reshaping risk premia across asset classes.

• Energy Security Dynamics — Oil prices are bridging geopolitical tension and inventory-driven pressure.

• Market Behavior Under Stress — Safe-haven flows, volatility repricing, and risk-asset retrenchment reflect deep structural uncertainty.

Financial systems are reacting not just to economic data but to the probability of conflict and diplomacy outcomes.

This is not just market volatility — it’s the recalibration of geopolitical risk premia.

Why It Matters to Foreign Currency Holders

From a global macro reset perspective:

• Safe-haven currencies (e.g., USD, CHF, JPY) may benefit temporarily amid risk-off moves.

• Emerging market currencies could face pressure from widened risk spreads.

• Oil-linked FX baskets (e.g., CAD, NOK) may see increased volatility as energy markets oscillate between supply concerns and inventory dynamics.

• Yield curves and Treasury flows shift as investors reposition amid geopolitical uncertainty.

Cumulatively, these tendencies signal that currency dynamics are increasingly tied to geopolitical outcomes rather than purely economic fundamentals.

This is not just market volatility — it’s the recalibration of geopolitical risk premia.

Implications for the Global Reset

• Pillar 1: Risk-Based Capital Allocation

Financial flows are being rerouted toward perceived stability as conflict risk shapes sentiment more than traditional macro indicators.

• Pillar 2: Commodity-Finance Interdependence

Energy prices and inventories have never been more tightly coupled with diplomatic risk — oil market psychology now moves in lockstep with nuclear negotiations.

• Pillar 3: Political Certainty Over Economic Certainty

Markets react more to conflict probability than inflation data — a structural shift that reinforces geopolitical drivers in global finance.

Today’s diplomatic developments are more than another flashpoint — they are a force multiplier shaping how capital markets, energy systems, and currency regimes interact.

This is not just energy pricing — it’s geopolitics fused with financial flows.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — “US–Iran talks end with no deal but potential signs of progress”

• FinancialContent — “Oil Prices Wobble as Record US Stockpiles Collide with High-Stakes US-Iran Talks”

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Brazil Draws the Line: No BRICS Currency at 2026 Summit

Lula clarifies de-dollarization debate ahead of India-hosted gathering

Overview

In a significant recalibration of expectations, Luiz Inácio Lula da Silva made it clear that a BRICS currency is not on the table for 2026.

Speaking ahead of the 18th BRICS Summit, scheduled to be hosted in India, Lula stated:

“There is no proposal to create the BRICS currency. There is no debate within BRICS about whether to create a new currency.”

The announcement directly addresses years of speculation that the bloc was preparing to launch a gold-backed or trade-backed alternative to the U.S. dollar.

Instead, Brazil is drawing a sharp distinction between:

• Creating a new currency

• Expanding trade in local currencies

That distinction matters.

Key Developments

1. BRICS Currency: Officially Off the 2026 Agenda

Despite persistent market chatter, Lula confirmed:

• No formal proposal exists

• No internal debate is underway

• No summit agenda includes currency formation

This signals a cooling of expectations surrounding a unified BRICS monetary instrument.

Strategic Impact:
The bloc is not ready for a shared reserve asset or supranational unit — institutional alignment remains insufficient.

2. Local Currency Trade Still Supported

While rejecting a new BRICS currency, Lula did endorse bilateral trade in national currencies.

He emphasized that trade between Brazil and India does not require U.S. dollar settlement.

“It is not necessary that a trade agreement between India and Brazil has to be done with US dollars. We can use our own currencies.”

However, he acknowledged:

• It is difficult

• It requires coordination

• It is gradual

This reflects a pragmatic approach rather than ideological de-dollarization.

3. Not Anti-Dollar — But Pro-Options

Lula stressed that local currency trade is not anti-American or anti-dollar.

He openly acknowledged:

• The U.S. dollar remains the strongest global currency

• The United States will resist alternative currency influence

• BRICS must consider geopolitical realities

This marks a shift from aggressive de-dollarization rhetoric toward a more cautious tone.

Why It Matters

For years, markets speculated that BRICS was on the verge of launching:

• A shared currency

• A gold-backed trade unit

• A dollar alternative reserve asset

Brazil’s clarification introduces reality over rhetoric.

The bloc remains focused on:

• Trade flexibility

• Payment diversification

• Bilateral arrangements

But not a monetary revolution — at least not yet.

This is not a monetary revolution — it’s a recalibration of expectations.

Why It Matters to Foreign Currency Holders

For currency watchers and global reset observers:

• No immediate BRICS currency launch

• No 2026 monetary reset event

• Gradual diversification remains the path

However:

China and India still pursue:

• Yuan internationalization

• Rupee cross-border expansion

The broader trend of multipolar payment systems continues — just without a unified BRICS coin.

De-dollarization talk cools, but diversification continues quietly.

Implications for the Global Reset

• Pillar 1: De-Dollarization Is Incremental, Not Explosive

The process is evolving through bilateral trade arrangements — not through a dramatic currency replacement event.

• Pillar 2: BRICS Remains Economically Diverse

Internal financial differences make a shared currency structurally difficult.

Brazil’s message suggests:

• Monetary sovereignty remains national

• Coordination is selective

• Integration is cautious

The Bigger Picture

Lula also highlighted the demographic power of the bloc:

• India and China together represent nearly half of humanity

• BRICS collectively accounts for a substantial portion of global population and economic output

Yet demographic weight alone does not equal monetary unity.

Institutional integration takes time — and consensus.

For now, BRICS is choosing flexibility over transformation.

This is not just currency commentary — it’s a strategic signal about how fast global monetary realignment can truly move.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Watcher Guru — “Brazil Makes Major Declaration on BRICS Currency & De-Dollarization”

• Reuters — “Brazil’s Lula Clarifies BRICS Currency Debate Ahead of Summit”

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Thursday Evening 2-26-26

Central Bank Advances Iraqi Banking Reform, Eases Foreign Transactions

26th February 2026 in Iraq Banking & Finance News, Iraq Industry & Trade News

By John Lee.  The Central Bank of Iraq (CBI) has announced completion of the principal phase of its comprehensive reform programme for commercial, Islamic and foreign bank branches operating in Iraq.

According to the Bank, all Iraqi banks have submitted the required documentation under the "minimum requirements" framework, selecting one of three pathways:

• Continuing in the market as independent banking institutions;

• Merging with other banking institutions;

• Exiting the market.

The submissions enable the Central Bank to assess each institution's compliance with minimum reform standards. Over the coming months, banks are expected to address any identified gaps and work towards full compliance.

The Central Bank also announced a new initiative aimed at expanding the capacity of private banks to support international trade. Banks meeting specified criteria under Central Bank evaluation will be permitted to resume cross-border transactions and issue letters of credit in multiple international currencies, including:

• Euro;

• UAE dirham;

• Chinese yuan;

• Jordanian dinar.

The Bank said the move forms part of its broader strategy to strengthen confidence in Iraq's financial sector, enhance global integration, and support sustainable economic growth.

https://www.iraq-businessnews.com/2026/02/26/central-bank-advances-iraqi-banking-reform-eases-foreign-transactions/

Iraq’s CF Weighs Al-Maliki Nomination Under US Pressure

2026-02-26 Shafaq News- Baghdad   Leaders of Iraq’s Shiite Coordination Framework (CF) held internal meetings Thursday to align positions ahead of a broader session next week, as divisions persist over nominating former prime minister Nouri Al-Maliki amid mounting US pressure. 

Sources within the alliance told Shafaq News that three key issues will dominate the upcoming meeting, including urging parliament to set a date to elect a president. Kurdish parties are not expected to formally reveal their candidate until the voting session.

 Under the proposed sequence, the Framework would present its nominee for prime minister one week after the president is elected, followed by a parliamentary session to announce the designation and begin government formation. 

Another source said the bloc could still opt for an alternative candidate from the list under consideration, depending on political calculations and regional dynamics. 

Earlier this week, a senior Framework official told Shafaq News the alliance had secured an extension to a US deadline related to withdrawing Al-Maliki’s nomination, adding that Al-Maliki has refused to step aside voluntarily, arguing that only the two-thirds majority that nominated him can rescind the decision. 

The Framework, which groups Iraq’s main ruling Shiite factions, is split over Al-Maliki’s candidacy. Washington has strongly opposed to his return, with US envoy Tom Barrack conveying the American position during a recent visit to Baghdad.

President Donald Trump has also publicly criticized Al-Maliki’s previous tenure as prime minister from 2006 to 2014, and US pressure has intensified in recent weeks. CF formally nominated Al-Maliki on January 24, 2026, with majority backing from its components.

 Read more: Nouri Al-Maliki’s new doctrine for power: Pragmatism over defiance? 

https://www.shafaq.com/en/Iraq/Iraq-s-CF-weighs-Al-Maliki-nomination-under-US-pressure

Iraq Protests Arab States’ Support For Kuwait In Maritime Dispute

2026-02-26   Shafaq News- Baghdad   Iraq’s Foreign Ministry on Thursday reproached Palestine, Jordan, and Egypt over their official positions aligned with Kuwait regarding Baghdad’s deposit of its maritime boundaries map with the United Nations.

 The three counties expressed concern over Iraq’s submission to the United Nations, reaffirmed support for Kuwait’s sovereignty, and urged both sides to resolve the maritime dispute through dialogue in line with international law and the 1982 UN Convention on the Law of the Sea.

 The ministry said in separate statements, that the remarks came during meetings between Undersecretary for Bilateral Relations Ambassador Mohammed Hussein Bahr Al-Uloom and the ambassadors of Palestine, Jordan, and Egypt. Bahr Al-Uloom presented Baghdad’s position concerning the three counties’ statements, which “overlooked Iraq’s viewpoint and the measures it had taken in full accordance with international law, particularly the 1982 United Nations Convention on the Law of the Sea.”

 He described Iraq’s move as a sovereign right, adding that the country acted with full transparency and remains committed to addressing related issues through legal and diplomatic channels in a way that safeguards its sovereignty and national rights.

 وزارة الخارجية العراقية 

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 Foreign Ministry representative hosts the Ambassador of the Arab Republic of Egypt to Iraq

The Ministry of Foreign Affairs, representing the Ministry of Foreign Relations, Ambassador Mohammed Hussein Bahr Aloum, on Thursday, 26/02/2026, hosted the Ambassador of the Arab Republic of Egypt to the Republic of Iraq, Mr. Ahmed Samir Helmy, on the background of the statement issued by the Egyptian Ministry of Foreign Affairs and Immigration regarding the deposit of the Republic of Iraq the map of maritime areas to the nations المتحدة

The ministry spokesman affirmed clearly and explicitly that Iraq's decision to deposit a map of its maritime areas is indeed a sovereign that cannot be reversed, in accordance with Iraq's position and his observations in accordance with the Egyptian statement, which obliterates Iraq's opinion, position and the actions it has taken in full compliance with the provisions of international law, and especially the United Nations Convention on Law The seafarers of 1982, with full transparency reflects his keenness in addressing all relevant issues through legal and diplomatic frameworks, upholding Iraq's sovereignty and preserving its national rights. 

In this context, Iraq expresses its regret for making such a statement, for which it is due to a state of dissatisfaction at the official and popular levels.

The ministry spokesman also stressed the depth and durability of the fraternal and historical relations between the Republic of Iraq and the Arab Republic of Egypt, emphasizing the importance of investigating the highest levels of accuracy and objectivity in official statements and positions, which have a direct impact on the course of the bilateral relations, emphasizing that any statement should include respect for the sovereignty of the two countries on Towards even more.

He expressed the appreciation of the Republic of Iraq for the special relations with the Arab Republic of Egypt and its keenness to develop them in various fields. 

On his part, the Egyptian ambassador expressed his gratitude for what the ministry spokesman provided with important and comprehensive information on the reality of the situation between the two countries and the level of cooperation and communication on the subject of drawing maritime borders, underlining that the concern expressed by Egypt in its statement stems from its eagerness to support security and stability between the two countries.

 He also noted that he would ensure that Iraq's message is conveyed to the Egyptian leadership in a clear and detailed manner, reflecting the Iraqi viewpoint and the relevant developments between the two countries.

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To read more about the news of the Ministry, you can visit the official pages and accounts of the Iraqi Ministry of Foreign Affairs:   Ministry's website:https://mofa.gov.iq 

Earlier this month, Baghdad a detailed maritime domain map with the United Nations and prepared to submit a Federal Supreme Court ruling that annulled the demarcation with Kuwait up to marker 162, a step that calls for re-demarcation under international law. Meanwhile, Gulf states, including the GCC, have urged Iraq to withdraw the submission and address the issue through diplomatic channels. 

Read more: Khor Abdullah entangled in sovereignty disputes and legacy of invasion 

https://www.shafaq.com/en/Iraq/Iraq-protests-Arab-states-support-for-Kuwait-in-maritime-dispute

German Report: Dispute Over Khor Abdullah Area Affects The Development Road Project And The Grand Faw Port –

Khor Abdullah – One News   2/26/2026  A report published by the German website DW stated that the dispute over the Khor Abdullah area is affecting regional development projects, especially the Grand Faw Port and the development road project in Iraq. 

The report added that Iraqis see the Kuwaiti Mubarak Al-Kabeer port, which is part of Kuwait's 2035 vision and China's Belt and Road Initiative, as restricting maritime access and threatening the viability of their projects. 

It also stated that if the Iraqi parliament refuses to ratify the agreement, a permanent and implementable solution must be found. The report added that this solution should be based on re-engagement between the two parties, grounded in justice, shared economic interests, and respect for international law and the constitution. 

The report concludes that the Khor Abdullah dispute transcends being a technical disagreement over maritime borders, as Iraq and Kuwait can transform this thorny dispute into a model for regional diplomacy and respect for the international legal order, while demonstrating a clear commitment to international law and judicial bodies.

 https://1news-iq.net/تقرير-الماني-الخلاف-بشأن-منطقة-خور-عبد/

Dollar’s Global Dominance Finally Cracking?

Dollar’s Global Dominance Finally Cracking?

WTFinance:  2-26-2026

The global monetary system is at a crossroads, influenced by geopolitical tensions, technological innovation, and shifting economic landscapes.

 In a recent episode of the WTFinance Podcast, host Anthony Fatseas sat down with Barry Eichengreen, a distinguished economist and professor at the University of California, Berkeley, to dissect the current state and future trajectory of global finance.

Their discussion shed light on the dominance of the US dollar, the rise of alternative currencies, and the challenges posed by a rapidly changing world.

Eichengreen highlighted the pressing issue of a K-shaped economy, where technological advancements, particularly AI, and post-pandemic trends have exacerbated economic inequality.

 The K-shaped recovery, where certain sectors and populations rebound quickly while others lag, poses significant political challenges. Addressing these disparities requires nuanced policy-making, but Eichengreen emphasized the difficulty in implementing effective measures due to political gridlock and competing interests.

The conversation also touched on the geopolitical implications of US policies under Trump and Putin, which have prompted Europe and other regions to diversify their economic and strategic dependencies away from the US.

While this transition is slow and complex, it signifies a shift in the global economic landscape.

Eichengreen noted that Europe’s pursuit of greater unity is hindered by internal divisions and competition, whereas China’s efforts to internationalize its currency are stalled due to governance and trust issues.

Despite these developments, Eichengreen stressed that the US dollar remains the global reserve currency, and its position is not immediately threatened.

Although there is a gradual erosion of its share, mainly in favor of smaller, well-managed currencies leveraging digital technology, a sudden flight from the dollar would trigger a severe global liquidity crisis, jeopardizing 21st-century globalization.

The discussion also explored the growing role of digital currencies, stablecoins, and central bank digital currencies (CBDCs).

Eichengreen provided a historical perspective on global currency cycles, from ancient times to the present, underscoring the significance of geopolitical, financial, and economic factors in shaping currency dominance.

His forthcoming book, “Money Beyond Borders: Global Currencies from Crisis to Crypto,” delves into these themes, offering an in-depth analysis of the interplay between geopolitics, financial innovation, and economic power.

The episode concluded with a cautionary note on the need to carefully manage the privileges and responsibilities associated with issuing the world’s primary international currency.

Eichengreen emphasized that the US must be mindful of its role in maintaining global financial stability and the implications of its monetary policies on the global economy.

In conclusion, the WTFinance Podcast episode with Barry Eichengreen offers valuable insights into the complex and evolving global monetary system.

As the world navigates the challenges of technological disruption, geopolitical tensions, and economic inequality, understanding the dynamics of currency dominance and the rise of digital currencies is crucial. For those interested in delving deeper into these topics, watching the full video from WTFinance is a must.

https://youtu.be/m5SODz0YSH0

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 2-26-26

Good Morning Dinar Recaps,

BRICS Warships in Formation: Economic Bloc Steps Into Global Security Arena

“Will for Peace 2026” signals a strategic shift from finance to force projection

Overview

In January 2026, the BRICS bloc — Brazil, Russia, India, China, and South Africa — crossed a symbolic threshold.

Warships from China, Russia, Iran, and the United Arab Emirates gathered off South Africa’s Western Cape for the “Will for Peace 2026” naval drills — described as the first operational military event conducted under a BRICS security framework.

What began as an economic reform coalition is now signaling a willingness to evolve into something more strategic.

The question is no longer whether BRICS has security ambitions — it’s whether it can function as a unified security actor.

Key Developments

1. A Military Exercise With Strategic Messaging

The naval drills took place near Simon’s Town and ran for eight days.

South Africa framed the exercise as maritime cooperation focused on:

• Anti-piracy operations

• Shipping lane protection

• Maritime security coordination

However, analysts note this event represents something deeper:

BRICS is testing its identity beyond economics.

This marks a departure from the bloc’s traditional focus on:

• Development banking

• Trade reform

• Currency diversification

• Multipolar financial systems

Now, hard power projection is entering the equation.

2. China Assumes Command Leadership

For the first time within a BRICS security context, China assumed centralized coordination — overseeing:

• Strategic planning

• Tactical execution

• Command-and-control architecture

This leadership role signals Beijing’s intent to institutionalize a BRICS global security framework from within.

China’s military footprint in Africa has expanded rapidly:

• At least 15 PLA Navy port calls across Africa between 2024–2025

• Expanded military education commitments under FOCAC (2024–2027)

• Training programs for 6,500 African military and police personnel

The exercise reflects China’s broader strategy of integrating security relationships alongside economic ties.

Strategic Impact:
Beijing is shaping BRICS security architecture in ways that align with its global ambitions.

3. Internal Fractures Exposed

Despite the optics, unity was far from complete.

Notably absent:

• India

• Brazil

India’s absence was widely interpreted as balancing its ties with the United States.

Brazil also avoided participation, signaling that not all founding members are ready to militarize BRICS cooperation.

Further tensions emerged inside South Africa itself.

President Cyril Ramaphosa reportedly ordered that Iranian naval vessels not participate — yet Iranian warships docked and joined drills led by China’s 48th Naval Task Force.

A Board of Enquiry followed.

This episode exposed:

• Civil-military coordination gaps

• Political divisions

• Questions about sovereignty and command authority

Strategic Impact:
BRICS unity on paper does not automatically translate into operational cohesion.

Why It Matters

This development signals three major shifts:

1. BRICS is no longer purely economic.

2. China is increasingly shaping the bloc’s strategic direction.

3. Internal divisions could limit BRICS’ ability to function as a cohesive security alliance.

The comparison some analysts draw is provocative:

BRICS was designed as an economic counterweight to Western institutions — not a military counterpart to NATO.

Yet exercises like “Will for Peace 2026” blur that boundary.

From trade bloc to naval bloc — BRICS is recalibrating global power signals.

Why It Matters to Foreign Currency Holders

For those watching global financial realignment:

• Security blocs influence trade corridors and maritime stability.

• Naval coordination impacts energy routes and shipping insurance costs.

• Geopolitical alignments affect capital flows and reserve currency positioning.

If BRICS evolves into a security actor, it reshapes how:

• Trade is protected

• Resources are transported

• Strategic partnerships are structured

Security architecture and monetary architecture often move together.

When warships gather, economic alliances reveal strategic ambition.

Implications for the Global Reset

• Pillar 1: Multipolarity Expands Beyond Finance

BRICS’ evolution suggests multipolarity is expanding from economic forums into military signaling.

• Pillar 2: China’s Strategic Institutionalization

By leading operational planning, China positions itself as the bloc’s de facto strategic architect.

However:

Without India and Brazil’s participation, BRICS security cohesion remains incomplete.

This tension will determine whether BRICS becomes:

• A coordinated security coalition
  or

• A symbolic platform with limited operational unity

This is not just economic reform — it’s the testing of a multipolar security axis

Conclusion

“Will for Peace 2026” represents a pivotal moment.

BRICS is experimenting with security integration, but internal fractures are visible. The bloc’s future role in global security will depend on:

• Whether founding members align on military objectives

• Whether sovereignty concerns are resolved internally

• Whether China’s leadership role is accepted or resisted

The economic alliance has tested the waters of security cooperation.

Whether this marks the birth of a lasting military dimension — or a one-off symbolic exercise — remains to be seen.

This is not just geopolitics — it’s the visible reshaping of global power architecture.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Watcher Guru — “Hidden Strength: BRICS Moves Toward Global Security Role”

• Reuters — “China Expands Military Engagement in Africa”

~~~~~~~~~~

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Thank you Dinar Recaps

“Tidbits From TNT” Thursday 2-26-2026

TNT:

Tishwash: Cash hoarded in home safes and lost trust in bank vaults

At the heart of the banking confidence crisis that is hindering the spread of electronic payments in Iraq, the majority of economic transactions are still conducted in cash, while savings remain completely outside the formal banking system.

However, the average Iraqi citizen manages his daily life entirely by relying on paper money, as he withdraws his salaries in cash, pays for his purchases in cash, and keeps his savings at home away from banks.

Meanwhile, electronic payment cards have become a routine part of daily life in neighboring countries, revealing that Iraq is about twenty years behind in adopting the simplest modern financing tools.

This delay reflects “weak confidence in banks,” as observers describe it, since the huge amount of cash is hoarded inside homes and exceeds 90 trillion dinars, or about 90 percent of the total cash in circulation, according to the latest data from the Central Bank.

In addition, statistics indicate that less than 20 percent of the population has bank accounts, compared to more than 50 percent in Saudi Arabia and the UAE, where digital payments have been commonplace for years.

A Baghdad resident said via Facebook, “I prefer to keep my money at home for fear of any potential banking crisis, as past experiences do not encourage trust.”

A local economic activist stated, “The sector needs radical reforms to build trust, especially with the push to end cash payments in government institutions by July 2026.”

A banking source noted that “electronic transactions grew by 17.7 percent in the first quarter of 2025, but reliance on cash still prevails despite the launch of platforms such as ePassole in the Kurdistan Region.”

Despite these government efforts, the biggest challenge remains convincing citizens of the security of the digital system amid fears of losing or freezing deposits. link

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Tishwash: Al-Sudani Coalition signals constitutional action over Iraq’s presidency stalemate

Press release from the Reconstruction and Development Parliamentary Bloc

posted on facebook

Iraq’s Reconstruction and Development (Al-Ima’ar wal Tanmiya) Coalition, the largest electoral bloc in parliament, on Thursday warned of potential constitutional action over the delayed election of the country’s president, describing the impasse as a “clear violation” of constitutional deadlines.

In a statement, the bloc, led by caretaker Prime Minister Mohammed Shia al-Sudani, explained that parliament has yet to elect a head of state despite the passage of almost two months since lawmakers chose the speaker and his two deputies.

The coalition urged the Presidency of the Council of Representatives to hold a dedicated session next week to elect a president, calling on parliament to assume its “national responsibility” and end what it characterized as institutional paralysis. It also called on Kurdish political forces to agree on a single nominee ahead of the session, enabling lawmakers to proceed with the remaining constitutional steps —most notably the formation of “a fully empowered government” in line with the election results.

The continued operation of a government with limited powers, it cautioned, is causing “direct harm” to citizens and state institutions, adding that it would resort to “all available constitutional means and procedures” if the stalemate persists.

Under Iraq’s post-2003 power-sharing arrangement, the presidency is traditionally held by a Kurd, the prime ministership by a Shiite Muslim, and the speakership by a Sunni Arab. The constitution requires parliament to elect a president within 30 days of its first session —a deadline that expired on January 28.

Previous attempts to elect a president have failed due to disagreements between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK), the two main Kurdish parties, which have not agreed on a joint candidate, repeatedly preventing the quorum required for a vote.

text: Arabic and international...

All news (Press Release)

Nearly two months have passed since the election of the Speaker of Parliament and his two deputies. Given the continued delay in electing a President of the Republic, which constitutes a clear violation of the constitutional timelines stipulated in the Iraqi Constitution, we in the Reconstruction and Development Bloc affirm the following:

We call upon the Speaker of Parliament to expedite the convening of a session dedicated to electing the President of the Republic within the coming week. This is necessary to end the current situation of exceeding constitutional deadlines and obstructing the resolution of fundamental entitlements. We urge the Speaker to fulfill its national responsibility by ending this paralysis, which has negatively impacted the performance of state institutions.

We also call upon our brothers in the Kurdish political forces to finalize their candidate for the presidency before the session convenes. This will allow us to move forward with fulfilling the remaining constitutional requirements, foremost among them the formation of a fully empowered government, in accordance with the election results, capable of providing services to citizens, protecting the country's interests, and consolidating political and institutional stability.

The continued existence of a government with limited powers constitutes a direct harm to our people and to the work of the state and its institutions. If this obstruction continues, the Reconstruction and Development Bloc will resort to using all available constitutional means and procedures to ensure the end of the stalemate and to maintain the correct constitutional path.

Tishwash: US sanctions threaten an "oil blockade," and the Iraqi central bank may find itself in a "predicament" - Urgent

 After the language of escalation and American threats, sanctions began to loom on the horizon, and Iraq may find itself facing an "oil embargo," and the Iraqi Central Bank may be in a "predicament" if Washington implements sanctions against Baghdad.

Sanctions on the financial and oil sectors

Political analyst Wael Munther confirmed in his interview with "Baghdad Today" that "the issue of sanctions that the United States of America may impose on Iraq, whether in the oil or financial sector, is based on legal frameworks and approved contexts that authorize it to prevent dealing with institutions, individuals, or even countries in the financial and economic aspects."

Munther explains that “Washington has the ability to impose sanctions that are not limited to the entities directly involved, but extend to include companies or institutions that deal with them, which means including any party that cooperates with those entities within the circle of financial targeting.”

"The oil embargo" and the search for alternatives

The political analyst points out that “the threat of imposing such sanctions will negatively affect the economic situation in Iraq, especially with regard to the mechanism for exporting oil, as Iraq may find itself in a situation similar to an oil embargo, as a result of the reluctance of international companies that are accustomed to buying Iraqi oil to complete their deals, for fear of being exposed to financial sanctions from the American side, which will push them to look for alternatives in other markets.”

Regarding the sanctions on the Central Bank of Iraq, Munther explained that “any potential sanctions that may affect the Central Bank will directly impact its foreign relations, as international banks and financial institutions will avoid dealing with it, fearing exposure to American punitive measures, which in turn will affect the movement of financial transfers and the country’s foreign trade.”

Baghdad's calculations will change 180 degrees if former Prime Minister Nouri al-Maliki returns to the premiership, after the US President explicitly threatened Iraq that "if al-Maliki, known for his leanings towards Tehran, enters the government through the front door, American protection will be withdrawn immediately."

Trump, known for his sharp words, used three explicit threats in his tweet, expressing his opposition to Maliki's election: "No more aid to Iraq if he wins, no chance for Baghdad to succeed, and the country could sink into chaos and poverty."

This threat should not be read in isolation, but rather within a much broader economic context where the United States already has cards to play on any government in Baghdad that is not to Trump’s liking, and oil, which finances about 90% of the state’s revenues, is at the heart of this equation.    link

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Mot: Unpacking

Seeds of Wisdom RV and Economics Updates Thursday Morning 2-26-26

Good Morning Dinar Recaps,

Rare Earth Shock: U.S. Aerospace and Chipmakers Face Strategic Supply Squeeze

Yttrium and scandium shortages expose critical mineral vulnerabilities ahead of high-stakes U.S.–China talks

Overview

A worsening shortage of critical rare earth elements is tightening pressure on U.S. aerospace and semiconductor manufacturers — even after a temporary easing in trade tensions between the United States and China.

The bottleneck centers on yttrium and scandium, two niche but indispensable materials heavily dominated by China. As President Donald Trump prepares for a high-level summit with Xi Jinping, rare earth access is emerging as a strategic bargaining chip in broader geopolitical negotiations.

Though small in trade volume, these minerals are foundational to jet engines, aerospace alloys, 5G chips, and advanced manufacturing.

The message is clear: supply chain fragility is now a national security issue.

Key Developments

1. Yttrium: Aerospace Production at Risk

Yttrium is essential for high-temperature ceramic coatings that prevent jet engines and turbines from melting under extreme heat.

Without these coatings:

• Engines cannot safely operate.

• Aircraft production timelines face disruption.

• Defense manufacturing becomes vulnerable.

Since export controls tightened:

• Yttrium prices have surged roughly 60%.

• Current prices are reportedly nearly 70 times higher than a year ago.

• North American coating manufacturers have paused production.

• Suppliers are rationing material and prioritizing major aerospace clients.

Planemakers like Boeing and Airbus are already operating under delivery pressure. A sustained disruption could ripple through global aviation supply chains.

Strategic Impact:
Even small mineral disruptions can threaten multi-billion-dollar aerospace output.

2. Scandium: Semiconductor and 5G Vulnerabilities

Scandium production globally amounts to only a few dozen tons per year — yet it is vital for:

• High-performance aluminum alloys

• Fuel cells

• 5G chip manufacturing

Major U.S. semiconductor producers rely on scandium-containing components in nearly every 5G smartphone and base station.

However:

• U.S. domestic production is currently nonexistent.

• Export licensing delays from China have slowed shipments.

• Stockpiles may last months — not years.

Chinese authorities now require detailed end-user declarations for export licenses — a move some U.S. officials believe directly targets the semiconductor sector.

Strategic Impact:
Control over scandium effectively gives Beijing leverage over next-generation telecommunications infrastructure.

3. Export Controls as Strategic Leverage

Although China resumed some rare earth exports after earlier restrictions, shipments of yttrium and scandium to the U.S. remain sharply reduced.

This selective easing underscores a broader pattern:

China’s dominance in niche minerals provides disproportionate geopolitical influence.

Rare earths are no longer just trade commodities — they are tools of statecraft.

The issue is expected to surface prominently during upcoming U.S.–China discussions in Beijing.

Why It Matters

This episode reveals three structural realities:

• Supply chain concentration equals strategic vulnerability.

• Rare earth dominance offers leverage without full embargoes.

• Licensing delays alone can generate economic anxiety and price spikes.

Even without a complete export ban, uncertainty creates:

• Price volatility

• Production rationing

• Strategic recalibration by manufacturers

Supply Chains Under Siege as Resource Power Shifts

Why It Matters to Foreign Currency Holders

For those watching global financial realignment:

• Critical mineral control increasingly influences currency power dynamics.

• Trade leverage affects capital flows and supply chain geography.

• Industrial security now intersects with monetary stability.

Nations that control resources gain negotiating strength in trade and financial frameworks.

Implications for the Global Reset

• Pillar 1: Resource Nationalism Accelerates

Rare earth dependency reinforces a shift toward friend-shoring and regional supply chains.

• Pillar 2: Strategic Commodities Redefine Economic Power

Control over niche materials like yttrium and scandium carries leverage beyond traditional oil dominance.

The rare earth squeeze is a reminder:

Industrial sovereignty is becoming as important as monetary sovereignty.

Conclusion

The current shortages demonstrate how even limited export controls can ripple through critical industries. Yttrium and scandium represent tiny fractions of global trade — yet their absence can halt production lines central to aerospace and semiconductor dominance.

As Trump and Xi prepare for talks, rare earth access may shape the tone — and outcome — of broader economic negotiations.

Whether this moment produces supply relief or deeper strategic competition will influence the next chapter of U.S.–China relations.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Modern Diplomacy — “Rare Earth Squeeze Deepens for U.S. Aerospace and Chipmakers”

• Reuters — “China Rare Earth Export Controls and U.S. Industry Impact”

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🌱 A Message to Our Currency Holders🌱

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

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

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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Thursday Morning 2-26-26

The International Monetary Fund Approves The Disbursement Of $2.3 Billion To An Arab Country.

Money and Business   Economy News — Follow-up   The International Monetary Fund has approved the fifth and sixth reviews of Egypt’s Extended Fund Facility arrangement and the first review of its Resilience and Strength Program, making available $2.3 billion in financing, according to a statement issued by the Fund.

The IMF also approved a two-month extension of the Extended Fund Facility program, to end in December 2026, after it was originally scheduled to last 46 months starting in December 2022.

The IMF said in the statement that the macroeconomic situation in Egypt has improved under continued efforts to achieve stability; tight monetary and fiscal policies, along with a flexible exchange rate, have contributed to restoring macroeconomic stability, reducing inflation rates, and strengthening the external position.

He noted that, in contrast, progress in implementing deeper structural reforms has been uneven, and accelerating the pace of implementation – particularly reducing the state’s economic footprint and leveling the playing field – remains crucial to ensuring sustainable and inclusive private sector-led growth.

The Fund reviewed the most prominent indicators of economic improvement, most notably the rise in economic growth to 4.4% in the last fiscal year, and the decline in inflation to 11.9% in January, supported by monetary and fiscal tightening policies.

Current Account Deficit Narrowing

He noted that the current account deficit had narrowed to 4.2% of GDP, driven by strong remittances from workers abroad and tourism revenues.

He added that market confidence in the Egyptian economy has improved significantly, as evidenced by the country's ability to issue debt instruments in global markets, along with increased foreign direct investment flows and short-term capital inflows.

The statement noted that the flexibility of the exchange rate led to an increase in total international reserves from $54.9 billion in December 2024 to about $59.2 billion by the end of December 2025.

Implementing two key reform measures

He said that financial performance had improved, supported by higher tax revenues, despite a decline in public investments.

He added that the initial surplus was less than the target set in the program, due to the failure to achieve the planned exit returns.

He noted that the implementation of resilience reforms is progressing at a good pace, and that the authorities have implemented two key reform measures, including the publication of a timetable for implementing renewable energy targets, and the issuance of a directive obliging banks to monitor and disclose their exposure to climate change risks.

https://economy-news.net/content.php?id=66097

Slight Increase In Exchange Rates In Iraqi Markets

Money and Business   Economy News – Baghdad  The exchange rate of the US dollar witnessed a slight increase in the markets of the capital, Baghdad, on Thursday morning.

The exchange rate of the dollar in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad was recorded at 153,800 Iraqi dinars for every 100 dollars, compared to 153,750 dinars yesterday.

In currency exchange shops in Baghdad's local markets, the selling price stabilized at 154,250 dinars per 100 dollars, while the buying price reached 153,250 dinars.   https://economy-news.net/content.php?id=66104

Iraq was the second largest destination for Jordanian exports during January.

Money and Business    Economy News – Baghdad   The Amman Chamber of Commerce revealed on Thursday that Iraq ranked second among destinations for Jordanian exports during the month of January.

The Chamber stated in a report that the value of Oman's trade exports during January amounted to 155 million dinars, compared to 116 million dinars during the same period last year, an increase of 32.2%.

She indicated that Iraq came in second place as the largest importer of Jordanian goods in terms of the value of certificates of origin, amounting to 47 million dinars, with 206 certificates, while Switzerland came in first with about 52 million dinars and 8 certificates.

Next came Saudi Arabia with 8 million dinars, with 223 certificates, followed by Syria with 7 million dinars with 600 certificates, and Egypt with 6 million dinars with 55 certificates. This group of countries is among the top five in terms of value.

The Chamber added that Jordanian exports were diverse according to the type of goods, as foreign products not manufactured in Jordan constituted the largest part with a value of about 60 million dinars, while the value of Jordanian industrial products amounted to about 17 million dinars, and products of Arab origin amounted to 12 million dinars, agricultural products to 10 million dinars, and the remainder went to other products.

A certificate of origin is a fundamental document in international trade, as it proves that the goods produced or manufactured in a particular shipment were produced in a particular country, and is used to determine the customs definition and verify the origin of the goods.   The Jordanian dinar is worth 70 dinars to 100 dollars. https://economy-news.net/content.php?id=66108

PM Stresses The Importance Of Achieving The Highest Levels Of Coordination And Intelligence Sharing

INA–Baghdad  The Prime Minister's Media Office stated in a press release received by the Iraqi News Agency (INA) that "Prime Minister and Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, chaired a meeting of the National Intelligence Council today."

"The meeting addressed the security situation across the country, reviewed the performance of security and intelligence agencies and their duties in various sectors, and discussed efforts to confront current challenges in light of regional developments, with the aim of strengthening the country's security and stability," according to the statement.

The Commander-in-Chief stressed the importance of optimal operational coordination among the various branches of the security forces.

Al-Sudani emphasized the necessity of achieving the highest levels of coordination and intelligence cooperation and working to provide all the requirements for the success of the security plans prepared in this context

https://ina.iq/en/politics/45734-pm-stresses-the-importance-of-achieving-the-highest-levels-of-coordination-and-intelligence-sharing.html

Iraq Economic News and Points To Ponder Late Wednesday Evening 2-25-26

The Iraqi Trade Bank Responds To Al-Karbouli Regarding "Transfer Exceptions".

Banks    The Trade Bank of Iraq (TBI) affirmed on Wednesday its full commitment to the directives of the Central Bank of Iraq and regulatory authorities, clarifying that all international transfers executed through the Central Bank of Iraq's platform are subject to proper notification and approval.

In a statement, the bank said, "With reference to the remarks made by MP Mohammed Al-Karbouli during his appearance on a television program regarding a problem with transfers and his claim of granting exceptions, we would like to clarify that all international transfers executed through the Central Bank of Iraq's platform are subject to proper notification and approval and are carried out in accordance with applicable regulations and instructions.

 The Central Bank and relevant regulatory authorities are provided with the relevant documentation after execution." The statement added, "No transfer can be executed without being submitted to an external auditing firm to conduct due diligence and obtain the necessary approvals, in accordance with established procedures. There are no exceptions or exceptions outside the legal framework." The bank further stated,

"The issue raised regarding invoices and their reuse is subject to the nature of the contract between the customer and the supplier and is within the framework of applicable regulations and instructions. It does not constitute a violation as long as it is carried out according to established procedures."

The bank asserted that "the information presented during the program is not based on accurate facts, and such information negatively impacts the bank's reputation and the trust of its clients both domestically and internationally."

It further explained, "The MP should have addressed the bank officially in writing or visited it to inquire and ascertain the facts, rather than disseminating this information through television. This is the proper procedure for regulatory bodies. Therefore, the bank reserves the right to take the necessary legal measures to protect its reputation and standing, and to ensure transparency for the public."

The bank, according to the statement, affirmed its "full commitment to the directives of the Central Bank of Iraq and regulatory authorities, and its dedication to operating with the highest levels of professionalism and transparency in service of the national economy."  https://economy-news.net/content.php?id=66072

Al-Rasheed Bank Announces An Increase In The Deposit Limit For The "Nakheel" Card To 25 Million Dinars.

banks   Economy News – Baghdad  Al-Rasheed Bank announced on Wednesday an increase in the deposit limit for its Nakheel card to 25 million Iraqi dinars.

In a statement received by Al-Eqtisad News, the bank said, "The bank has decided to increase the deposit limit for the Nakheel card to 25 million Iraqi dinars in a move aimed at expanding banking services offered to cardholders and enhancing the flexibility of financial transactions."

The bank explained that "this decision comes as part of its plan to develop electronic banking products and facilitate deposit, withdrawal, and transfer operations in line with the requirements of customers benefiting from the card's services."

The bank emphasized that "this increase will allow Nakheel cardholders to manage their funds with a higher limit, which will contribute to supporting daily financial activities and simplifying banking procedures."

https://economy-news.net/content.php?id=66067

Gold Prices Flat In Baghdad, Tick Up In Erbil

2026-02-25 Shafaq News- Baghdad/ Erbil   On Wednesday, gold prices stabilized near 1.12 million IQD per mithqal in Baghdad, while Erbil markets edged higher, with 21-carat gold rising by about 12,000 IQD per mithqal, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 1.120 million IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 1.116 million IQD, unchanged from Tuesday.

The selling price for 21-carat Iraqi gold stood at 1.090 million IQD, while the buying price reached 1.086 million IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 1.120 million and 1.130 million IQD, while Iraqi gold sold for between 1.090 million and 1.100 million IQD.

In Erbil, 22-carat gold was sold at 1.190 million IQD per mithqal, 21-carat gold at 1.137 million IQD, and 18-carat gold at 975,000 IQD.   https://www.shafaq.com/en/Economy/Gold-prices-flat-in-Baghdad-tick-up-in-Erbil

USD/IQD Exchange Rates Climb In Baghdad And Erbil

2026-02-25    Shafaq News- Baghdad/ Erbil   The US dollar opened Wednesday’s trading higher in Iraq, hovering around 154,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,750 dinars per 100 dollars, up from the previous session’s 153,300 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,500 dinars and buying prices at 153,450 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-climb-in-Baghdad-and-Erbil-6-9

Dollar Steadies In Baghdad, Slips In Erbil

 2026-02-25   Shafaq News- Baghdad/ Erbil   The US dollar closed Wednesday’s trading flat in Baghdad, hovering near 154,000 dinars per 100 dollars, while edging lower by about 150 dinars in Erbil.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,750 dinars per 100 dollars, unchanged from the morning session.

In the Iraqi capital, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,300 dinars and buying prices at 153,200 dinars.

https://www.shafaq.com/en/Economy/Dollar-steadies-in-Baghdad-slips-in-Erbil 

Iraq’s Basrah Crude Slips More Than 1% Despite Global Gains

2026-02-25 Shafaq News- Baghdad   Iraq’s Basrah Heavy crude fell to $67.35 per barrel on Wednesday, down 79 cents, or 1.16%, in the latest trading session.

Basrah Medium declined to $69.60 per barrel, also losing 79 cents, marking a 1.12% decrease.

Brent crude traded at $71.26 per barrel, while US West Texas Intermediate stood at $66.02, as markets monitored US–Iran talks and rising tensions that could affect global oil supplies.

Iraq, OPEC’s second-largest oil producer, exports roughly 70% of its crude to Asia, 20% to Europe, and 10% to the United States.  

https://www.shafaq.com/en/Economy/Iraq-s-Basrah-crude-slips-more-than-1-despite-global-gains#:~:text=2026%2D02%2D25,the%20United%20States.

Oil Prices Near Seven-Month Highs On US-Iran Tensions

2026-02-25   Shafaq News   Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the US and Iran that could disrupt supply continued to worry investors as talks between the parties are set for Thursday.

Brent futures were up 43 cents, or 0.6%, at $71.20 per barrel at 0400 GMT. WTI futures rose 38 cents, or 0.6%, to $66.01.

Brent prices reached their highest since July 31 on Friday, while WTI hit its highest since August 4 on Monday, and both contracts have held near there as the US has positioned military forces in the Middle East to compel Iran to negotiate an end to its nuclear and ballistic missile program.

An extended conflict could disrupt supplies from Iran, the third-biggest crude producer in the Organization of the Petroleum Exporting Countries, and other countries in the key Middle East producing region.

"This uncertainty means the market will continue to price in a large risk premium and remain sensitive to any fresh developments," ING commodities strategists said on Wednesday.

US envoys Steve Witkoff and Jared Kushner are slated to meet with an Iranian delegation for a third round of talks on Thursday in Geneva.

Iran's Foreign Minister Abbas Araqchisaidon Tuesday that a deal with the US was "within reach, but only if diplomacy is given priority".

"(US) President (Donald) Trump has warned that without a deal, there will be 'very bad consequences'. Whether (Iran's) concessions will meet the US's 'zero enrichment' red line remains to be seen," Tony Sycamore, IG market analyst, said in a note.

Amid the heightened tensions, Iran and China haveacceleratedtalks to purchase Chinese anti‑ship cruise missiles, according to Reuters sources, which could target the US naval forces that have assembled near the Iranian coast.

Anti‑ship cruise missiles would enhance Iran's strike capabilities and threaten the US naval forces, according to experts.

Trump will deliver the traditional State of the Union address to Congress on Tuesday evening. Two White House officials, speaking on condition of anonymity, said Trump will discuss his plans for Iran but did not offer details.

While geopolitical tensions have supported prices, the market is also contending with concerns of large inventory gains as global supply is exceeding demand.

According to market sources, the American Petroleum Institute late on Tuesday reported a massive increase in US oil stockpiles of 11.43 million barrels in the week ended February 20.

However, gasoline and distillate inventories fell, the sources said, citing the API data.

Official US oil inventory reports from the Energy Information Administration are due later on Wednesday.

(Reuters)  https://www.shafaq.com/en/Economy/Oil-prices-near-seven-month-highs-on-US-Iran-tensions

Seeds of Wisdom RV and Economics Updates Wednesday Afternoon 2-25-26

Good Afternoon Dinar Recaps,

Tariffs Instead of Income Tax? Trump Floats Radical Revenue Shift in SOTU

Proposal signals potential restructuring of U.S. taxation, trade policy, and global capital flows

 Overview

During his State of the Union address, President Donald Trump stated that tariffs could eventually replace the federal income tax.

The remark immediately ignited debate across economic, political, and financial circles. While presented as a populist fiscal shift, the implications extend far beyond campaign rhetoric.

Replacing income tax with tariffs would fundamentally restructure how the United States funds its government — shifting the burden from domestic wage earners to imported goods and foreign producers.

This is not a minor policy tweak. It is a potential redefinition of America’s revenue model.

Key Developments

1. Tariffs as Primary Revenue Engine

Trump suggested that revenue collected from import duties could substitute for federal income taxes.

Strategic Implication:
The U.S. federal government collected over $2 trillion annually from individual income taxes in recent years. Tariffs historically generate only a fraction of that amount. To replace income tax entirely would require dramatically higher tariff rates or broad-based import levies.

Such a move would transform trade policy into fiscal policy.

2. Return to Pre-1913 Revenue Model

Before the ratification of the Sixteenth Amendment to the United States Constitution, the federal government relied heavily on tariffs and excise taxes.

Strategic Implication:
Reversing over a century of tax structure would require constitutional, legislative, and economic recalibration. It would also mark a symbolic shift toward economic nationalism reminiscent of late 19th-century trade frameworks.

The question becomes whether modern global supply chains can withstand a 19th-century revenue strategy.

3. Trade Policy Becomes Domestic Tax Policy

If tariffs replace income tax:

• Imported goods become more expensive.

• Domestic manufacturing gains protective advantage.

• Consumers effectively pay tax through higher prices.

• Trade partners likely retaliate.

Strategic Implication:
This reframes taxation as an externalized cost — shifting fiscal extraction from paychecks to consumption patterns.

However, the globalized nature of supply chains means cost increases would ripple through virtually every sector.

4. Global Market Reaction and Legal Hurdles

Implementing such a shift would require congressional approval and potentially new trade authority legislation. It would also invite World Trade Organization disputes and retaliatory tariffs from major trading partners.

Strategic Implication:
If enacted, the move could accelerate:

• De-dollarization conversations

• Bilateral trade blocs

• Strategic “friendshoring”

• Fragmentation of global trade norms

In essence, fiscal restructuring could catalyze geopolitical restructuring.

Why It Matters

This proposal intersects three high-stakes arenas:

1. Domestic Tax Policy

2. International Trade Architecture

3. Global Reserve Currency Stability

Income tax provides predictable revenue. Tariffs fluctuate with trade volume and economic cycles. Shifting to tariff dependency introduces volatility into federal budgeting.

Markets would need to reprice risk across equities, bonds, and commodities.

Why It Matters to Foreign Currency Holders

From a global reset perspective, several implications emerge:

• Dollar Demand Dynamics: Tariffs can strengthen short-term dollar demand but weaken long-term trade relationships.

• Inflationary Pressure: Higher import costs feed domestic inflation, impacting monetary policy.

• Trade Bloc Acceleration: Countries may deepen regional trade arrangements to bypass U.S. tariff exposure.

If the United States reorients toward tariff-driven funding, global settlement patterns could shift accordingly.

Implications for the Global Reset

• Pillar 1: Sovereign Revenue Sovereignty

Governments may reconsider domestic taxation models amid rising debt burdens.

• Pillar 2: Trade as Strategic Weapon

Tariffs would no longer be negotiation tools — they would become structural fiscal instruments.

The deeper theme: economic policy is merging with geopolitical strategy.

Replacing income tax with tariffs would represent one of the most significant fiscal transformations in modern U.S. history.

Whether rhetorical or actionable, the statement signals a willingness to challenge entrenched economic frameworks.

This is not just campaign messaging — it is a signal flare in the broader debate over sovereignty, trade, and the architecture of global finance.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “Trump Proposes Expanding Tariffs in State of the Union Address”

• U.S. Constitution Center — “The Sixteenth Amendment and the Federal Income Tax”

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BRICS at a Crossroads: What If Russia Returns to the U.S. Dollar?

Would Moscow’s pivot reshape the de-dollarization movement — or merely slow it down?

Overview

For years, the BRICS bloc has promoted local currency trade to reduce reliance on the U.S. dollar. After sweeping Western sanctions in 2022, Russia became one of the most aggressive advocates of de-dollarization.

Now, reports suggest Moscow may seek renewed access to the U.S. dollar system through a potential trade deal requiring approval from Donald Trump.

If true, the move would represent a strategic U-turn — and could significantly reshape the trajectory of BRICS’ monetary ambitions.

Key Developments

1. Russia’s De-Dollarization Drive Post-2022

After sanctions cut Russian banks from Western financial channels, Moscow accelerated trade settlement in:

• Rubles

• Yuan

• Rupees

• Dirhams

Reports indicate nearly 90% of trade with China and India shifted to local currencies.

Strategic Implication:
Russia’s push appeared ideological — but it may have been primarily sanctions-driven pragmatism. If dollar access returns, motivation for aggressive de-dollarization may weaken.

2. Potential U.S. Dollar Re-Entry

If Russia regains broader access to dollar settlement:

• Cross-border energy sales could return to dollar pricing.

• Russian banks could re-engage global clearing systems.

• Pressure on alternative payment systems could ease.

Strategic Implication:
A Russian pivot back to the dollar would slow BRICS’ collective momentum toward alternative financial architecture.

It would not necessarily end de-dollarization — but it would blunt its urgency.

3. BRICS Is Bigger Than Russia

Even if Moscow recalibrates, other BRICS members maintain independent agendas:

• China continues internationalizing the yuan for trade settlement.

• India promotes rupee trade via special Vostro accounts.

• Brazil and South Africa pursue diversified trade partnerships aligned with national interests.

Strategic Implication:
The de-dollarization effort would likely shift from coordinated acceleration to fragmented progression.

China, in particular, has long-term structural goals that extend beyond Russia’s immediate needs.

4. Narrative Shift: Ideology vs. Necessity

If Russia returns to dollar usage, it reinforces a powerful conclusion:

De-dollarization may have been less about dismantling dollar dominance — and more about surviving sanctions.

Strategic Implication:
Global markets could interpret the move as evidence that dollar liquidity remains indispensable during geopolitical stress.

That perception alone strengthens the greenback’s reserve status.

Why It Matters

This potential shift tests whether BRICS de-dollarization is:

• A permanent structural realignment
  or

• A tactical response to Western sanctions

If Russia re-enters the dollar system, it signals that financial access outweighs monetary sovereignty when economic pressure mounts.

Markets would likely interpret the move as:

• Short-term bullish for the dollar

• Moderately bearish for alternative settlement systems

• A pause — not a reversal — of multipolar currency ambitions

Why It Matters to Foreign Currency Holders

For those watching global monetary restructuring:

• A slowdown in de-dollarization may extend the dollar’s dominance cycle.

• Yuan internationalization continues regardless.

• Fragmentation of payment systems remains a long-term theme.

The global reset narrative does not disappear — it simply evolves at a slower pace.

Momentum shifts, but structural pressures persist.

Implications for the Global Reset

• Pillar 1: Dollar Resilience Under Pressure

Even after sanctions and political weaponization, the dollar remains the system most nations ultimately seek access to.

• Pillar 2: Multipolar Finance — Delayed, Not Denied

BRICS ambitions may slow, but structural drivers (debt burdens, sanctions risk, trade fragmentation) remain intact.

If Russia pivots back to the dollar, it reveals a key truth:

Access to liquidity still trumps ideology.

Conclusion

A Russian return to dollar settlement would not dismantle BRICS — but it would reshape expectations.

The alliance’s de-dollarization agenda would likely continue at a reduced pace, increasingly driven by China’s long-term strategy rather than Russia’s immediate necessity.

The bigger question becomes:

Is de-dollarization a revolution — or simply leverage in negotiation?

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Watcher Guru — “What Happens to BRICS If Russia Returns to the US Dollar?”

• Reuters — “Russia Expands Local Currency Trade Amid Sanctions Pressure”

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Wednesday Evening 2-25-26

An Economist Says Reforming Private Banks Is Key To Stabilizing The Dollar And Boosting Confidence In The Financial Market.

 Baghdad Today – Baghdad  Economic expert Ahmed Abdel Rabbo confirmed on Wednesday (February 25, 2026) that the Central Bank of Iraq has taken a series of measures during the past period aimed at controlling the exchange market and enhancing financial stability, in light of the monetary challenges that Iraq has recently witnessed.

Abd Rabbo explained in an interview with “Baghdad Today” that the current stage requires speeding up the completion of the private banks reform project, as it is the cornerstone for achieving permanent stability in the dollar exchange rate within the local market, noting that the continued existence of some banks under sanctions contributes to creating bottlenecks in the supply of foreign currency and negatively affects the level of confidence in the banking sector.

Supporting Restructuring

He added that it is necessary to intensify efforts to support the work of Oliver Wyman, which is concerned with the restructuring of banks, in order to complete the banking compliance requirements within clear and announced timetables, which will contribute to removing a number of banks from the circle of restrictions and returning them to normal activity in accordance with transparent standards and strict supervision.

Reducing The Gap Between The Two Prices

Abdel Rabbo pointed out that achieving tangible progress in this direction will not only reduce the gap between the official and parallel dollar exchange rates, but will also send a genuine message of reassurance to the markets that the path of financial reforms is proceeding steadily, and that monetary stability is no longer a temporary measure, but a long-term strategic option to enhance confidence in the Iraqi financial market.

Over the past two years, Iraq has witnessed fluctuations in the dollar exchange rate as a result of tightening foreign transfer procedures and international compliance requirements, which prompted the Central Bank of Iraq to adopt stricter regulatory and supervisory mechanisms to control the currency sale window and enhance transparency.

Some private banks were also subjected to restrictive measures and sanctions, which affected the supply of foreign currency in the local market and widened the gap between the official and parallel exchange rates.

In this context, the restructuring of the banking sector has emerged as one of the most important paths of financial reform to ensure sustainable monetary stability and enhance confidence in the banking system. https://baghdadtoday.news/293908-.html

Al-Mada Newspaper: An Anticipated Shift Within The Coordination Framework May Remove Maliki And Enhance Sudani's Chances Of Securing A Second Term.

 Baghdad – One News   Al-Mada newspaper reported that political data indicates the possibility of a shift within the forces of the Coordination Framework that may lead to the removal of the leader of the State of Law Coalition, Nouri al-Maliki, from the race for the premiership, with the current Prime Minister, Mohammed Shia al-Sudani, having increased chances of assuming the position again.

The newspaper explained that the tour of Tom Barrack, the envoy of US President Donald Trump, in Baghdad was interpreted by political circles as an American green light to grant Al-Sudani a second term, in light of Washington’s search for a partner capable of maintaining stability and preventing escalation.

She added that the Sudanese is seen by some circles as a suitable guarantee for Washington to curb the movement of the factions, especially in the event that the United States carries out a new military strike against Tehran, which gives him an advantage in international calculations.

https://1news-iq.net/جريدة-المدى-تحوّل-مرتقب-داخل-الإطار-ال/

Iraq Exports 107M+ Oil Barrels In January

2026-02-25 Shafaq News- Baghdad   Iraq exported more than 107,616,220 barrels of crude oil in January, generating $6,485,294,000 billion in revenue, according to data released on Wednesday by the State Organization for Marketing of Oil (SOMO).

 Crude shipments from fields in central and southern Iraq accounted for 101,160,349 barrels, while exports from the Kurdistan Region via Turkiye’s Ceyhan port totaled 6,445 barrels.

No crude was exported to Jordan or from the Qayyarah field during the month.

 https://www.shafaq.com/en/Economy/Iraq-exports-107M-oil-barrels-in-January

Dollar Steadies In Baghdad, Slips In Erbil On Closure

2026-02-25   Shafaq News- Baghdad/ Erbil    The US dollar closed Wednesday’s trading flat in Baghdad, hovering near 154,000 dinars per 100 dollars, while edging lower by about 150 dinars in Erbil.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,750 dinars per 100 dollars, unchanged from the morning session.

In Baghdad, exchange shops sold the dollar at 154,250 dinars and bought it at 153,250 dinars, while in Erbil, selling prices stood at 153,300 dinars and buying prices at 153,200 dinars.

 https://www.shafaq.com/en/Economy/Dollar-steadies-in-Baghdad-slips-in-Erbil

Iraqi Resistance Coordination blasts “US interference” in Iraqi affairs

2026-02-25    Shafaq News- Baghdad    The Iraqi Resistance Coordination Committee on Wednesday condemned what it described as US interference in Iraq’s political affairs, accusing Washington of “determining which political figures are allowed to assume government positions and which are excluded.”

 In a statement, the committee, an umbrella group that includes armed factions allied with Iran, said relations between Iraq and the United States are not based on equality between sovereign states. It added that “the occupation continues to violate Iraqi airspace, whether through drones or warplanes,” calling this a serious security threat that undermines the country’s stability and territorial integrity and constitutes “a blatant violation of sovereignty and national dignity.”

 The group also accused the United States of failing to fulfill its commitments. “We have not seen any real steps to implement the remainder of the agreement concluded with the Iraqi government, which stipulates the withdrawal of all foreign forces from Iraqi territory and airspace.”

 It warned that what it called continued evasion and delay “leaves us with no choice but to assume our legal and moral responsibilities in taking positions befitting the dignity of our people and their legitimate right to end the occupation, if US forces insist on maintaining their presence and imposing their will on the country.”

A senior White House official reiterated the US administration’s opposition to the nomination of Nouri Al-Maliki for the post of prime minister, according to remarks reported on Wednesday by Asharq Al-Awsat newspaper. The official was quoted as saying that “a government controlled by Iran cannot put Iraq’s interests first, keep Iraq out of regional conflicts, or strengthen a mutually beneficial partnership between the United States and Iraq.”

Speaking to Shafaq News, a senior source within Iraq’s Coordination Framework (CF) said the US extended a deadline for the CF until February 27 to withdraw Al-Maliki’s nomination. He noted that the deadline was discussed during a meeting held on Monday, where Al-Maliki made clear he would not step aside, adding that any reversal would have to come from the bloc that nominated him.

 https://www.shafaq.com/en/Iraq/Iraqi-Resistance-Coordination-blasts-US-interference-in-Iraqi-affairs

Trump's Pressure Goes Public... Maliki's Fate To Be Decided Friday Night

2026-02-24 Shafaq News – Baghdad   On Tuesday, an official source within the Coordination Framework revealed details of the meeting of the Coordination Framework leaders, which was held last night at the home of the head of the Supreme Islamic Council, Humam Hamoudi, explaining that it witnessed the absence of both the leader of the Wisdom Movement, Ammar al-Hakim, and the Secretary-General of Asaib Ahl al-Haq, Qais al-Khazali.

The source told Shafaq News Agency that "the framework obtained a new extension of the American deadline for withdrawing al-Maliki's nomination, and the deadline will end next Friday. This was discussed during the meeting, and al-Maliki informed them that he does not intend to withdraw his nomination at all. He told them that the two-thirds who nominated al-Maliki should withdraw his nomination, and he does not object to that. This is the closest thing to the scene in the next few days."

He added that "the Sunni objection is no longer just from Halbousi, but there is now a Sunni political consensus from all blocs, parties and frameworks. This was officially communicated and discussed during a meeting last night."

According to the responsible source within the coordination framework, before Friday, that is, before the end of the new and final American deadline, there will be an important and decisive meeting of the coordination framework.

The source concluded by noting that the US Special Envoy to Iraq and Syria, Tom Barrack, clearly conveyed during his meetings in both Baghdad and Erbil the firm and clear US position of rejecting al-Maliki’s nomination for Prime Minister, and outlined what decisions Washington could make if the framework insisted on proceeding with al-Maliki’s nomination.

The issue of deciding on the presidency and the Iranian-American escalation topped the agenda of the coordination framework talks on Monday evening, where the need to finalize the formation of the new government was emphasized, without mentioning the candidate for its leadership, the leader of the State of Law Coalition, Nouri al-Maliki.

https://www.shafaq.com/ar/سیاسة/ضغوط-ترمب-تنتقل-للعلن-مصير-المالكي-يحسم-ليلة-الجمعة

“Tidbits From TNT” Wednesday 2-25-2026

TNT:

Tishwash: International development is moving towards three investment categories in Iraq.

The International Development Bank announced the launch of three new financial and investment products targeting investors, entrepreneurs, startups, and small and medium enterprises, in a move that the bank says aims to enhance liquidity, stimulate economic growth, and empower the private sector through flexible solutions with competitive returns.

The bank stated that the new products came in response to the market's need for more flexible financing tools that help with expansion and support financial stability within a safe banking environment.

The bank stated in a press release that the three products include a profit account, which offers customers a 6.5% profit rate paid upfront, providing immediate liquidity for reinvestment or managing financial obligations from day one; project finance loans with a reduced interest rate of 3.5% to support business growth and accelerate expansion, enabling startups and SMEs to enhance productivity and create jobs; and an investment deposit account with annual returns of up to 10% distributed monthly, providing investors with a regular income, as confirmed by the bank.

In a move that it said comes within its social responsibility and in consideration of the humanitarian dimension, the International Development Bank announced the postponement of all installments due during the month of Ramadan for government sector employees, with the aim of easing their financial burdens and enabling them to meet their needs. link

Tishwash:  Sudani sponsors the signing ceremony of two preliminary agreements between Iraqi oil companies and US-based Chevron.

 Iraqi Prime Minister Mohammed Shia al-Sudani oversaw the signing ceremony of two preliminary agreements between Iraqi oil companies and the American company Chevron on Monday (February 23, 2026).

The Prime Minister's Media Office stated in a statement received by "Baghdad Today" that "the first agreement was concluded between the Basra Oil Company and the American company Chevron to transfer the management of the West Qurna/2 field, while the second agreement relates to the Dhi Qar and North Oil Companies to develop the Nasiriyah field and the four exploration blocks in Dhi Qar Governorate, in addition to developing the Balad field in Salah al-Din Governorate, with the amendment of the previous agreement to add the Nasiriyah field to it.

The signing ceremony was attended by the US Special Envoy to Iraq, Tom Barrack, and the US Chargé d'Affaires, Joshua Harris."

During the ceremony, the Prime Minister stressed "the importance of these agreements in promoting reforms in the oil sector, and their positive impact on the economic and living standards in the governorates of Dhi Qar and Salah al-Din."

It is worth noting that Basra Oil Company and Lukoil had previously signed a settlement agreement, under which the contract was temporarily transferred to Basra Oil Company and all financial dues between the two parties were settled, with the settlement to become effective after the Cabinet approved it.

The statement indicated that "a framework agreement was signed between Basra Oil Company, Lukoil and Chevron, allowing for the temporary transfer of the contract to Basra Oil Company, which will later transfer it to Chevron after completing negotiations on the terms of the new contract. The agreement guarantees exclusive negotiation for one year for Chevron according to the standards agreed upon by the parties."    link

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Tishwash:  A new round of negotiations to join the World Trade Organization

Iraq is continuing its technical and legislative preparations to complete its accession process to the World Trade Organization, a move reflecting its efforts to strengthen its integration into the global economy and create a more stable and attractive investment environment. The Ministry of Trade confirmed that work is progressing rapidly to update the technical files related to goods.

In addition to reviewing the memorandum on the foreign trade system, in line with the new decisions relating to customs tariffs, as part of preparations for the fourth round of negotiations with the member states of the organization.

The spokesperson for the Ministry of Trade, Mohammed Hannoun, explained to Al-Sabah that the technical teams are continuing to complete the updating of the required data and information, in preparation for resuming negotiations on the goods and services files, which are among the basic pillars in the accession process.

He noted that the timeframe for Iraq's full membership in the organization remains contingent on progress in completing these negotiations, as well as the stability of the domestic economic situation. He expressed hope that Iraq's acceptance as a member would be announced in 2028-2029, provided the procedures proceed as planned.

Addressing the reasons for the delays in the accession process over the past years, Hanoun explained that one of the most significant factors was the failure to enact several important economic laws during the previous parliamentary session, most notably the draft Intellectual Property Law, which is considered essential for fulfilling Iraq's obligations to member states.

This law is viewed as part of a package of legislation necessary to guarantee the protection of commercial and industrial rights and to align the domestic legal environment with international trade rules.

According to experts, Iraq faces a number of objective challenges that require careful consideration before fulfilling the membership requirements. Foremost among these challenges is the continued heavy reliance on the oil sector as the primary source of revenue, given the weak diversification of the national economy's productive base. There is also a pressing need to modernize the legislative framework in the areas of trade, investment, and government subsidies, in order to align with the organization's rules and minimize any potential conflicts with its commitments.

Among the key areas of focus are the harmonization of customs and trade policies, enhancing transparency in administrative procedures, simplifying import controls, and developing the institutional and technical capacities of the entities responsible for managing the accession process and implementing international obligations. These steps are essential to ensure an orderly transition to a more open and competitive trade environment, without causing sudden shocks to the domestic market.

In the same context, the Administrative Undersecretary of the Ministry of Agriculture, Dr. Mahdi Suhr al-Jubouri, affirmed that Iraq has reached an advanced stage of negotiations, particularly regarding aligning agricultural policies with international standards. In a statement to Al-Sabah newspaper, he explained that the Ministry is working to adapt to the requirements of the Agreement on Sanitary and Phytosanitary Measures (SPS) of the World Trade Organization, which allows countries to take measures to protect human, animal, and plant health, while adhering to international standards issued by recognized institutions such as the International Plant Protection Convention and the World Health Organization.

Al-Jubouri explained that the legal framework governing the agricultural sector includes legislation that complies with international standards, such as the Animal Health Law No. (32) of 2013 and the Agricultural Quarantine Law No. (76) of 2012. These laws regulate pest and disease prevention measures, import controls, oversight of health certificates, and the application of agricultural quarantine rules at border crossings. He noted that these laws form an important foundation for enhancing confidence in Iraqi agricultural products in foreign markets.

In contrast, Al-Jubouri warned that the anticipated trade liberalization upon joining the WTO would lead to increased competition in the Iraqi market due to the gradual reduction of customs barriers, posing challenges for local producers, particularly in the agricultural sector. He emphasized the need for targeted and regulated agricultural support within clear legal frameworks to contribute to increased production efficiency, improved quality, and enhanced competitiveness.

Economic experts believe that completing the accession process represents a strategic step to enhance Iraq’s position in the international trading system, provided that this is accompanied by genuine structural reforms that contribute to diversifying the economy, improving the business environment, and developing the legislative and institutional infrastructure.  link

Tishwash:  The Central Bank warns against scams and fraud perpetrated using various banknotes.

The Central Bank warned on Monday of scams and fraud perpetrated using various banknotes.

 The Central Bank’s media office stated in a statement received by the Iraqi News Agency (INA) that “a number of fraud and deception operations have been detected, perpetrated by unscrupulous individuals against citizens for the purpose of financial gain,” calling for “the need to take precautions and be wary of falling victim to these operations.”

He added that "the most prominent of these operations that are practiced inside Iraq are divided into several methods, including: selling a (1,000,000) million dollar note as a banknote, when in fact it is a commemorative note that is not in circulation, and that the highest denomination is (100) US dollars, with the promotion of black papers cut to the same dimensions as the dollar note as real (100) dollar notes, but they are coated with a black substance, claiming that after removing the black substance they will return to circulation, and there is absolutely no truth to that."

He explained that “among the operations carried out inside Iraq is also the promotion of banknotes withdrawn from circulation from several countries that have no monetary value and are exchanged for Iraqi currency in high amounts, using different methods, pretexts and claims to sell them to victims of fraud, as well as banknotes of dollars and dinars that are copied or printed bearing the word model or invalid or void, used as children’s toys and bearing the features of the banknote and promoted as real banknotes.”

The Central Bank confirmed, according to the statement, that "the relevant authorities have been notified in order to prevent its printing or importation from outside Iraq  link

Mot: In Case Ur Wondering!!?? - It’s one of those weeks