“CBI News and More” Posted by Tishwash at TNT 6-19-2026

TNT:

Tishwash:Al-Zaydi begins removing officials after Barrak's visit... Al-Alaq is out of the Central Bank, according to the framework.

The Iraqi News Agency and the media outlets affiliated with the Coordination Framework leadership continue to broadcast surprising and rapid news regarding the replacement of officials at the top of the pyramid, by orders issued by Prime Minister Ali al-Zaidi.

 Minutes after the official news agency reported an order to replace the head of national security, known as Abu Ali al-Basri, who was the head of the infamous Falcons Cell during Nouri al-Maliki's time, media outlets representing the main parties in the Coordination Framework rushed to report the dismissal of the head of the Central Bank of Iraq, Ali al-Alaq, and his replacement by Nizar Nasser, who was the head of the Anti-Money Laundering and Counter-Terrorism Financing Office of the Central Bank.

This comes after nearly two days of long and complex discussions held by the Iraqi Prime Minister with Trump's envoy in Baghdad, Tom Barrack.

 The Iraqi government and the United States agreed on Tuesday, June 16, 2026, on a package of strategic, security and economic understandings, which focused on the complete disarmament of the factions and the restriction of weapons to the state, and providing security guarantees to protect American investment companies.

This came during a meeting held by Prime Minister Ali Faleh al-Zaidi with the US President’s Special Envoy Tom Barrack in Baghdad, in preparation for the anticipated summit between al-Zaidi and President Donald Trump at the White House in mid-July, amid a joint emphasis on supporting a federal, democratic and unified Iraq.  link

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Tishwash:  Ali Al-Alaq was relieved of his position as Governor of the Central Bank and Nizar Nasser was appointed in his place.

 An informed source reported today, Thursday (June 18, 2026), that the Governor of the Central Bank of Iraq, Ali Al-Alaq, has been relieved of his post, and Nizar Nasser has been assigned to manage the Central Bank in his place.

The source told Baghdad Today that "Nizar Nasser has been assigned to manage the Central Bank," noting that "this came after the dismissal of the Governor of the Central Bank of Iraq, Ali Al-Alaq, from his position."

He added that "the decision to dismiss and appoint the new governor has come into effect," indicating that "Nizar Nasser will assume the duties of the governor of the Central Bank during the next phase."

He added that "no official clarifications have yet been issued regarding the reasons for the dismissal or the nature of the changes related to the management of the Central Bank, while an official statement is expected to be issued clarifying the details of the decision and the mechanism for transferring duties."  link

Tishwash:  The Undersecretary of the Ministry of Finance discusses with the World Bank the priorities of digital transformation and automation of financial operations.

On Thursday, the Undersecretary of the Ministry of Finance, Ali Karim, discussed with a World Bank delegation the priorities of digital transformation and automation of financial work, and mechanisms for developing financial systems in Iraq.

The Ministry of Finance stated in a statement received by “Dijlah News” that “the Undersecretary of the Ministry held an extensive meeting with the World Bank delegation headed by the Regional Director for Digital Transformation and Artificial Intelligence, Michel Rogge, in the presence of a number of Directors General and senior staff in the Ministry.”

The statement added that “the meeting discussed paths of technical cooperation in the areas of digital transformation and automation of financial work, particularly the automation of the tax and customs systems, strengthening cybersecurity, and the organized expansion of the Government Financial Management Information System (IFMIS) project, which contributes to raising performance efficiency and improving the quality of data and services.”

The Undersecretary of the Ministry of Finance affirmed that “digital transformation represents an integrated reform path to support public finance management, simplify procedures, and enhance transparency and governance,” stressing the importance of “implementing projects according to clear priorities and applicable phased plans that are consistent with the requirements of financial reform and the reality of Iraqi institutions.”

For its part, the World Bank delegation affirmed its readiness to continue providing technical and advisory support to the Ministry of Finance in the areas of digital transformation, artificial intelligence and the development of financial systems, in order to contribute to achieving the goals of institutional and financial reform.  link

Tishwash:  Al-Aboudi: Iraq has completed the requirements for drawing up a development roadmap based on program budgeting.

Government spokesman Haider al-Aboudi affirmed on Wednesday that the government's unwavering vision is based on making the economy and its drivers the primary drivers of the state. He emphasized that the decision to restrict weapons is a cornerstone of national sovereignty, in accordance with the constitution, which prohibits all forms of unregulated weapons. He also indicated the intention to establish strategic floating gas terminals by specialized American companies to secure energy fuel.

Al-Aboudi stated that "the government's unwavering vision is based on making the economy and its drivers the primary drivers of the state to provide a stable environment, a productive economy, and balanced partnerships."

He explained that "the foundations of this environment are becoming tangible through the ministerial program, which leads directly to internal security matters, foremost among them restricting weapons to the state and unifying the security decision-making system under the authority of the Commander-in-Chief of the Armed Forces."

He added that "the government is holding the reins of Iraq's sovereignty in accordance with the constitution, which prohibits all forms of unregulated weapons and empowers the executive authority to manage this issue from a legal perspective, as it is responsible for the highest authority in the country."

Regarding the meeting between the Prime Minister and the US Presidential Special Envoy, Al-Aboudi affirmed that "the government views the meeting from the perspective of the Iraqi-American partnership, which is based on a wealth of general frameworks and detailed pillars."

Concerning the details of investment support and the entry of foreign companies, the government spokesperson explained that "the meetings included discussions on facilitating the entry of American companies, particularly in energy and electricity projects," noting that "indicators were set for the implementation of floating liquefied natural gas (LNG) terminals in Khor Al-Zubair by specialized American companies."

He pointed out that "this terminal is of paramount strategic importance, as it will provide a suitable environment for receiving imported LNG and converting it to the form required by national power generation plants, especially to secure consumption during peak demand periods familiar to Iraqis."

Regarding the Prime Minister's upcoming official visit to the White House at the invitation of the President, Al-Aboudi confirmed that "the visit's agenda includes partnership files and the prospects for strategic cooperation between Baghdad and Washington," clarifying that "the economic and security files represent the two most prominent pillars of this tour."

Al-Aboudi stated that "the decision to restrict weapons to the state is a national Iraqi decision, but the international perspective sees Iraq as proceeding with measures to strengthen the foundations of its sovereignty."

He continued, "Iraq, after a long and arduous journey in which it waged an existential war against terrorism since 2014, requiring all Iraqis to rise up with the help of international friends, is now nearing the end of the international coalition's presence by next September." He emphasized that "with the end of this foreign presence, the requirements for a comprehensive development phase, which the Iraqi people aspire to, will begin."

Al-Aboudi pointed out that "the region is witnessing an overlap of interests and oil and trade resources, and a trend towards resolving crises and building common understandings," explaining that "the countries of the region affect each other due to the overlap of interests and oil and trade resources."

Al-Aboudi concluded by pointing out that “Iraq’s success in completing its requirements through the relevant federal ministries such as oil and finance is to develop a development roadmap that relies on (program budgeting) to ensure the sustainability of financial funding for vital projects.”  link

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Tishwash:  Economist: The 2026 budget train has left the station... the government is patching up the deficit by borrowing.

Economic expert Basil Al-Obaidi confirmed today, Thursday, that insisting on preparing and approving the general budget at this time is “a form of absurdity” and has no benefit whatsoever, at a time when the country’s financial affairs are being managed by “patchwork” and borrowing from banks.

Al-Ubaidi told Al-Maalomah that "the train has already left the station. Iraq is now staggering at the end of the sixth month, and the bureaucratic processes involved in approving the budget will inevitably hinder and delay it until next September." He added that "a budget approved for only three months of a fiscal year that is nearing its end is worthless."

He added, "The preparation of the budget depends primarily on estimating revenues and expenditures, which is difficult to achieve at the present time, given the significant decline in the country's revenues as a result of the repercussions of the regional crisis and the disruption of export traffic through the Strait of Hormuz."

Al-Obeidi pointed out that "Iraq needs a period of no less than two months to restore some degree of financial stability, pending an improvement in oil revenues and the return of exports to their normal levels, in the event that the Strait of Hormuz is reopened and all the technical and logistical requirements related to pumping Iraqi crude oil to the ports and export outlets are completed."

The economist warned that "the anticipated budget will turn into an arena for political bidding, where it will be bombarded with explosive demands that a short-term budget cannot accommodate, starting with a flood of appointments, bonuses and patchwork, and ending with a conflict over projects."

Al-Ubaidi called on the Cabinet to "preemptively address the crisis and prepare a draft law for an exceptional operational budget for emergencies, to manage the remainder of the year, while postponing the comprehensive budget to 2027," stressing that the upcoming budget must be "real and completely different from its predecessors, which existed only on paper."  link

Iraq Economic News and Points To Ponder Friday Morning 6-19-26

Wall Street Journal: Pentagon Seeks $80 Billion In Additional Funding To Cover The Cost Of A War With Iran

Money and Business    Economy News - Follow-up   The Wall Street Journal, citing informed sources, reported that U.S. Deputy Secretary of Defense Stephen Feinberg told lawmakers in telephone calls this week that the Defense Department needs $80 billion to cover the costs of a war with Iran, in addition to other non-war-related expenses.

The newspaper added that a full supplemental funding request, including funding for the Pentagon as well as non-defense priorities such as agricultural aid and disaster relief, may be sent to lawmakers in the coming days.

Reuters was unable to immediately verify the report. Neither the White House nor the Pentagon could be reached for comment outside of business hours when contacted by Reuters, according to the news agency.

A Pentagon official told Reuters in April that the Iran war cost about $25 billion, providing the first official estimate of the war's costs.

The full cost of the conflict, which Trump initiated in cooperation with Israel on February 28, remains a point of contention in Congress. An initial request for $200 billion in additional funding was met with strong opposition from lawmakers.

In April, White House Budget Office Director Russell Vought told a House Budget Committee hearing that he had no estimates for the cost of the war, as part of his defense of Trump’s request for an annual military budget of $1.5 trillion.

The proposed budget reflects the Republican Party's priorities ahead of the midterm elections in November, as the party tries to maintain control of Congress but faces growing concern from voters about rising living costs, energy prices, and the financial burden of the Iran war. https://www.economy-news.net/content.php?id=70418

Al-Zaydi Issues 5 Directives Regarding The Work Of Border Crossings And Customs

Money and Business      Economy News – Baghdad    Prime Minister and Commander-in-Chief of the Armed Forces Ali al-Zaidi issued 5 directives concerning the work of border crossings and customs.

These directives came in light of the conference held on 15/6/2026 in the presence of the Prime Minister and Commander-in-Chief of the Armed Forces. The Commander-in-Chief directed the completion of the following procedures:

1- Rotate all employees at border crossings without exception and within (48) hours, and the Border Crossings Authority must submit a position supporting the implementation of the order.

2- Obliging the Ministry of Interior - Border Forces Command to close all gaps and unauthorized land and sea border crossings, while rotating all commanders of brigades and units in the Border Forces Command.

3- All officers, affiliates and employees assigned to work in the Border Ports Authority shall be returned to the Ministry of Interior, and the separation shall be within (48) hours and without exception.

4- Obliging the security and intelligence agencies, including (the Intelligence Service Office, the Internal Intelligence Office, the Customs Police Station, the Explosives Detachment, the Narcotics Division, and the (9k) detachments), to take their role by activating their security and intelligence role within the port and monitoring the non-passage of any prohibited materials or drugs through all border ports and submitting periodic reports directly to the Director of the border port in his capacity as head of the intelligence cell. These agencies bear the legal responsibility in the event of any security breach or illegal crossing.

5- Obliging the employees of the General Authority of Customs to conduct a thorough inspection of all goods entering the country without exception, and not to allow any truck to pass through except after conducting an inspection and verifying the details of the cargo. https://www.economy-news.net/content.php?id=70414

Iraq Receives Notification From The International Transport Federation Confirming Significant Progress In Implementing The TIR System

Money and Business      Economy News – Baghdad     The Ministry of Transport announced on Friday that Iraq has received notification from the International Transport Federation confirming that it has made significant progress in implementing the TIR system.

The Director of the Land Transport Department of the Technical Department at the Ministry of Transport, Israa Hanoun, stated that “a notification from the International Road Transport Union (IRU) reached the TIR Convention contact point at the Iraqi Ministry of Transport bearing the phrase (Iraq is stealing the offer) in a clear message confirming that Iraq has made high progress in implementing the TIR system during the year 2025.”

Hanoon explained that "the system has been fully operational and seven new international routes have been opened across Iraqi territory within eight months, and more than (1000) international transport operations have been carried out," noting that "the notification also confirms the continued adoption of the TIR system for the movement of goods in transit by land across Iraqi territory, which contributes to enhancing the efficiency and security of international trade and consolidating Iraq's position as an important regional logistics corridor." https://www.economy-news.net/content.php?id=70423

Gold Is Heading For Its Third Weekly Loss Amid A Rising Dollar.

Money and Business    Economy News — Follow-up   Gold prices edged lower on Friday and are on track for their third consecutive weekly decline, as a stronger dollar and dovish signals from the Federal Reserve weighed on the non-yielding metal.

Spot gold fell 0.5% to $4,189.26 an ounce by 0043 GMT. U.S. gold futures for August delivery dropped 0.9% to $4,207.80.

The dollar remained near its highest level in a year, increasing the cost of gold priced in the US currency for holders of other currencies. https://www.economy-news.net/content.php?id=70409

Bitcoin Continues Its Decline And Is Heading Towards The $60,000 Level.

Money and Business     Economy News - Follow-up   Bitcoin continued its decline towards the $60,000 level, and this decline is due to increasing concerns about the collapse of the funding mechanism of the company “Strategy”, in addition to concerns about raising interest rates that weaken the demand for high-risk assets.

The largest cryptocurrency had fallen below this level two weeks ago for the first time since late 2024.

The currency, which fell as much as 3.3% to $62,220 on Thursday, has lost about 50% of its value since reaching its highest level in October of that year.

Traders focused their attention on the share price of "Stretch," a subsidiary of "Strategy," which the largest company with Bitcoin holdings uses to fund recent purchases.

The price fell to record lows, making the sale of these securities unprofitable for the company headed by Michael Saylor.

Saylor had sparked market concerns earlier this month by selling a small amount of Bitcoin, after urging its holders for years not to sell their digital currencies. https://www.economy-news.net/content.php?id=70413

Seeds of Wisdom RV and Economics Updates Friday Morning 6-19-26

Good Morning Dinar Recaps,

US-Iran Peace Talks Delayed as Fragile Ceasefire Faces New Test

Negotiations scheduled in Switzerland have been postponed, highlighting lingering mistrust between Washington and Tehran as both sides attempt to transform a temporary ceasefire into a lasting peace agreement.

Overview

• Peace negotiations have been delayed, raising new questions about the durability of the recent U.S.-Iran ceasefire.

• Major issues remain unresolved, including Iran's nuclear program, sanctions relief, and long-term security arrangements.

• Global energy markets continue watching closely, as any setback could once again threaten shipping through the Strait of Hormuz.

Key Developments

1. Switzerland Talks Postponed

Negotiations scheduled to take place at Switzerland's Bürgenstock resort were postponed after U.S. officials cited logistical issues. Vice President JD Vance also canceled plans to attend, while Swiss officials confirmed they remain ready to host future discussions.

Iranian media indicated Tehran wants additional proof that Washington is implementing commitments made under the recently announced 14-point ceasefire framework before moving into more detailed negotiations.

2. Nuclear Issues Remain the Biggest Obstacle

While both countries have agreed to continue discussions, the most difficult issues remain unresolved.

Negotiators must still address Iran's uranium enrichment program, sanctions relief, international inspections, frozen Iranian assets, missile capabilities, and long-term compliance mechanisms.

Iran continues to insist its nuclear program is peaceful, while the United States maintains that preventing Iran from acquiring nuclear weapons remains a central objective.

3. Regional Security Risks Continue

Despite the ceasefire between Washington and Tehran, military operations involving Israel and Hezbollah continue in Lebanon, creating additional uncertainty for the broader peace process.

Analysts warn that continued regional conflict could complicate negotiations and undermine confidence in any long-term agreement.

Why It Matters

The postponement demonstrates that ending active fighting is only the first step toward lasting peace. Financial markets, governments, and businesses remain highly sensitive to developments because stability in the Strait of Hormuz directly affects global oil supplies, inflation, shipping costs, and international trade.

A successful agreement could help stabilize energy prices, improve investor confidence, and reduce geopolitical uncertainty. Conversely, renewed tensions could quickly reverse recent market gains and place fresh pressure on the global economy.

Why It Matters to Foreign Currency Holders

For those following a potential Global Financial Reset, developments in the Middle East remain significant because energy markets influence inflation, interest rates, currency values, and central bank policy worldwide.

A durable peace agreement would likely reduce pressure on oil prices, improve global trade flows, and support greater financial stability. Continued delays or renewed conflict, however, could strengthen safe-haven currencies, increase market volatility, and postpone broader monetary and financial reforms that many investors continue to monitor.

Implications for the Global Reset

• Pillar 1 : Debt

Lower energy prices could ease inflation pressures, allowing central banks greater flexibility in future monetary policy.

• Pillar 2 : Trade

A fully reopened Strait of Hormuz would strengthen global supply chains, improve shipping reliability, and support international commerce.

• Pillar 3 : Assets

Reduced geopolitical risk could encourage investment into productive assets while easing demand for traditional safe-haven investments.

• Pillar 4 : Technology

Greater regional stability would support continued investment in infrastructure, logistics, and digital trade systems.

• Pillar 5 : Energy

The future of global energy markets remains closely tied to successful implementation of any U.S.-Iran agreement.

Looking Ahead

The coming weeks will determine whether negotiators can move beyond a temporary ceasefire toward a broader diplomatic settlement. Progress will depend on resolving difficult questions surrounding Iran's nuclear activities, sanctions relief, regional security, and implementation of commitments already outlined in the preliminary framework.

Markets will continue watching developments closely, as any progress—or setback—could have immediate consequences for energy prices, inflation expectations, and global financial stability.

This is not just politics—it is global finance restructuring before our eyes.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters – Coverage of the delayed U.S.-Iran negotiations and regional developments.

• Modern Diplomacy – US Iran Peace Talks Delayed as Truce Faces New Uncertainty

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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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MilitiaMan & CREW IRAQ DINAR UPDATE-"Big CBI Move-Nizar Nasser In, Al-Alaq Out | Convergences Tightening Fast"

MilitiaMan & CREW IRAQ DINAR UPDATE-"Big CBI Move-Nizar Nasser In, Al-Alaq Out | Convergences Tightening Fast"

6-18-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

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

Iraq Economic News and Points To Ponder Thursday Evening 6-18-26

The Coordination Framework Empowers Al-Zaydi To Implement The Barak Plan And Aspires To Greater Positive Cooperation In The Security And Economic Fields

 latest news   Thursday June 18, 2026  Baghdad - One News Informed sources within the coordination framework revealed that Prime Minister Ali al-Zaidi presented details regarding the roadmap of US President's envoy Tom Barak for resolving the factions, and taking broader measures that include cooperation in the fields of security and the economy.

 According to the sources, Al-Zaydi convinced the leaders of the coordination committee of the proposals presented by Barak, which include economic and investment partnerships, which contribute to ending the difficult crises in the electricity file and others.

 The sources revealed that a high-level committee will soon be formed, comprising ministers and some experts, to study the proposed partnerships and investment projects that Barak carried, in order to prepare a guarantee paper, in favor of Iraq, that secures for it gains to end its crises in the financial, environmental and energy files.

https://1news-iq.net/الإطار-التنسيقي-يخول-الزيدي-تنفيذ-خري/

Sources Told Lawan News That Ali Al-Alaq Has Been Relieved Of His Position As Governor Of The Central Bank And Nizar Nasser Has Been Appointed In His Place.

https://1news-iq.net/مصادر-لوان-نيوز-إعفاء-علي-العلاق-من-منص/

Sources To “One News”: A New Generation Of Security Leaders In July After The End Of Extensions And The Redistribution Of Positions

 latest news Thursday, June 18, 2026   Baghdad - One News -   High-ranking security sources told One News that the plan to restructure the military and security establishment led by Al-Zaydi aims to pave the way for young leaders to assume senior positions in the Ministries of Defense and Interior. 

The sources explained that the retirement of a large number of officers with the rank of lieutenant general will be accompanied by a process of selecting replacements, according to the criteria of competence, experience and integrity, far from the principle of seniority alone. 

They added that the government views the next stage as an opportunity to modernize the security leadership system and introduce more flexible administrative and field methods, in line with the requirements of modern security and the changing challenges facing the country.   https://1news-iq.net/مصادر-لـوان-نيوز-جيل-جديد-من-القيادات/

Financial Distress And Patchwork Solutions... Will The Borrowing Crisis And Budget Deficit Trigger The Exposure Of Inherited Corruption Files?

Today 20:19  Information / Report..  The country's financial reality faces a major challenge that is the most important and difficult test to assess the success or failure of the Al-Zaidi government, at a time when government solutions have begun to move towards the option of “borrowing”, amid warnings that it is a patchwork solution that does not address the roots of the financial crisis left by the repercussions of the war in the region and the closure of the Strait of Hormuz.

With the accumulation of the financial crisis, another legislative and economic challenge emerges related to drafting the current year's budget and sending it to Parliament, which observers see as difficult to achieve given the limited time, especially since the government has not yet taken any actual steps towards preparing the budget, amid calls from specialists to rely on immediate solutions by approving a small emergency budget for the remaining months of the year.

In this context, economist Basil al-Ubaidi told Al-Maalomah that "the budget process has already passed. Iraq is now teetering on the brink of collapse at the end of June, and the bureaucratic procedures for approving the budget will inevitably hinder and delay it until next September." He added that "a budget approved for only three months of a fiscal year that is nearing its end is worthless."

Al-Ubaidi pointed out that “preparing the budget depends primarily on estimating revenues and expenditures, which is difficult to achieve at the present time, given the significant decline in the country’s revenues as a result of the repercussions of the regional crisis and the disruption of export traffic through the Strait of Hormuz,” indicating that “Iraq needs a period of no less than two months to restore some degree of financial stability.”

In turn, current MP Mukhtar al-Moussawi told Al-Maalouma that “the success of the current government depends primarily on the path of combating corruption, which has caused a large financial deficit in recent years that has become evident in recent months.”

He added that "there is pressure to re-evaluate all projects implemented in the previous government, especially given indications of significant price and cost overruns, which raises many questions," noting that opening a broad investigation into previous projects would be an important step in combating corruption and revealing the truth about the situation.

Discussions have recently intensified in Iraqi circles regarding the current government's ability to address the legacy of the previous administration and identify the sources of failure and corruption that plunged the country into economic crisis. This is particularly concerning given the absence of clear plans and visions, a deficiency that became even more apparent with recent regional developments and the closure of the Strait of Hormuz.

Despite this anxiety, Iraqis seeing a glimmer of hope for a return to normalcy after months of drought and financial stagnation that have ravaged the markets. (End of page 25)

https://almaalomah-me.translate.goog/news/136024/report/ضائقة-مالية-وحلول-ترقيعية-هل-تفجر-أزمة-الاقتراض-وتعثر-المواز?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Economist: The 2026 Budget Train Has Left The Station... The Government Is Patching Up The Deficit By Borrowing.

Information / Special..   Economic expert Basil Al-Obaidi confirmed today, Thursday, that insisting on preparing and approving the general budget at this time is “a form of absurdity” and has no benefit whatsoever, at a time when the country’s financial affairs are being managed by “patchwork” and borrowing from banks.

Al-Ubaidi told Al-Maalomah that "the train has already left the station. Iraq is now staggering at the end of the sixth month, and the bureaucratic processes involved in approving the budget will inevitably hinder and delay it until next September." He added that "a budget approved for only three months of a fiscal year that is nearing its end is worthless."

He added, "The preparation of the budget depends primarily on estimating revenues and expenditures, which is difficult to achieve at the present time, given the significant decline in the country's revenues as a result of the repercussions of the regional crisis and the disruption of export traffic through the Strait of Hormuz."

Al-Obeidi pointed out that "Iraq needs a period of no less than two months to restore some degree of financial stability, pending an improvement in oil revenues and the return of exports to their normal levels, in the event that the Strait of Hormuz is reopened and all the technical and logistical requirements related to pumping Iraqi crude oil to the ports and export outlets are completed."

The economist warned that "the anticipated budget will turn into an arena for political bidding, where it will be bombarded with explosive demands that a short-term budget cannot accommodate, starting with a flood of appointments, bonuses and patchwork, and ending with a conflict over projects."

Al-Ubaidi called on the Cabinet to “preemptively address the crisis and prepare a draft law for an exceptional operational budget for emergencies, to manage the remainder of the year, while postponing the comprehensive budget to 2027,” stressing that the upcoming budget must be “real and completely different from its predecessors, which existed only on paper.” (End of page 25)

https://almaalomah-me.translate.goog/news/136016/economy/إقتصادي:-قطار-موازنة-2026-فات-الحكومة-ترقع-العجز-بالاقتراض?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

The Central Bank Of Iraq: The Document Circulating Regarding A Request To Change The Dinar's Exchange Rate Is Forged.

The Central Bank of Iraq categorically denies the circulating reports regarding any intention to change the exchange rate of the Iraqi dinar.

In the same context, the Central Bank warned against engaging with misleading news, revealing that it had detected a forged document circulating online that falsely claimed the Prime Minister's office had submitted a request to the Finance Committee of the Council of Representatives to change the exchange rate to 1,600 dinars per US dollar.

The Bank urged media outlets and citizens to exercise caution and rely on official and exclusive sources of information issued by the Central Bank of Iraq.   Baghdad - Media Office,    June 17, 2026   https://cbi.iq/news/view/3225

Seeds of Wisdom RV and Economics Updates Thursday Evening 6-18-26

Good Evening Dinar Recaps,

CLARITY Act Nears Finish Line as Senate Eyes Vote Before July 4

U.S. lawmakers and the White House are pushing to approve landmark crypto legislation that could establish long-awaited regulatory clarity for digital assets while strengthening America's leadership in blockchain innovation.

Overview

• Senator Bill Hagerty said the Senate could approve the CLARITY Act before the July 4 congressional recess, although some lawmakers believe a final vote may extend into the August recess.

• The legislation would establish clear regulatory authority for digital assets, defining the responsibilities of the SEC and CFTC while creating compliance standards for crypto companies.

• Industry leaders believe regulatory certainty could unlock significant institutional investment, encouraging banks, asset managers, and traditional financial firms to expand into digital assets.

Key Developments

1. Senate Push Continues

Senator Bill Hagerty expressed optimism that Congress can complete work on the CLARITY Act before the Independence Day recess. White House crypto advisor Patrick Witt has also supported the July 4 timeline, although Senator Cynthia Lummis has suggested a Senate floor vote before the August recess remains the more likely scenario.

2. Clear Rules for Digital Assets

Supporters say the legislation would clarify the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), creating a comprehensive framework for digital assets while providing stronger consumer protections and additional tools for law enforcement.

3. Institutional Capital Waiting on Regulation

Industry leaders argue that many institutional investors remain interested in digital assets but are waiting for clear federal regulations before making major allocations. Supporters believe the CLARITY Act could accelerate institutional adoption while encouraging blockchain innovation to remain in the United States.

Why It Matters

The CLARITY Act represents one of the most significant crypto regulatory efforts ever considered by Congress. If enacted, it could reduce legal uncertainty, encourage investment, and establish a more predictable environment for blockchain businesses operating in the United States.

Why It Matters to Foreign Currency Holders

Although focused on cryptocurrency regulation, the legislation reflects a broader effort to modernize America's financial infrastructure. As digital assets, tokenization, and stablecoins become increasingly integrated into the financial system, regulatory clarity could influence future payment systems, cross-border settlements, and the evolving global monetary landscape.

Implications for the Global Reset

• Pillar 1: Digital Financial Infrastructure

The CLARITY Act would establish a regulatory foundation for digital assets, supporting the continued development of blockchain-based financial markets and tokenized payment systems.

• Pillar 2: Regulatory Competition

As jurisdictions worldwide race to attract digital asset innovation, comprehensive U.S. legislation could strengthen America's competitive position while influencing global standards for crypto regulation.

This is not just cryptocurrency legislation—it represents another step in the modernization of the global financial system.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

CoinGape — "CLARITY Act To Reach Finish Line By July 4, US Senator Says"

FOX Business — "Sen. Bill Hagerty discusses the CLARITY Act and crypto regulation"

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Thursday Iraq News Posted by Tishwash at TNT 6-18-2026

TNT:

Tishwash:  Iraq Approves Starlink License in Boost to Digital Transformation

The announcement came during a meeting in Baghdad, where the two sides discussed ways to strengthen strategic cooperation and expand partnerships between Iraq and the United States.

Iraqi Prime Minister Ali al-Zaidi and US Special Presidential Envoy to Iraq Tom Barrack on Tuesday welcomed Iraq's decision to approve an operating license for Starlink, paving the way for the satellite internet provider to offer high-speed internet services across the country.

The announcement came during a meeting in Baghdad, where the two sides discussed ways to strengthen strategic cooperation and expand partnerships between Iraq and the United States, according to a statement from the Prime Minister's Office (PMO).

Both officials praised the licensing decision, describing it as an important step toward advancing Iraq's digital infrastructure and accelerating the country's digital transformation. The move is expected to improve internet accessibility, particularly in remote and underserved areas where traditional broadband services remain limited.

The approval clears the way for Starlink, the satellite internet network developed by Elon Musk's SpaceX, to enter the Iraqi market and provide broadband connectivity through its constellation of low-Earth orbit satellites.

The meeting also highlighted the broader commitment of Baghdad and Washington to deepen cooperation in technology, investment, and economic development.

Starlink is a satellite internet service operated by Starlink Services, LLC, a wholly owned subsidiary of the US aerospace company SpaceX. Unlike conventional internet providers that rely on fiber-optic cables or cellular towers, Starlink delivers broadband internet through thousands of satellites orbiting the Earth at low altitude, enabling high-speed connectivity with lower latency.

The service has expanded rapidly across dozens of countries, providing internet access to households, businesses, emergency responders, and communities in remote locations. Iraq's approval of Starlink's operating license is expected to strengthen the country's digital infrastructure, support e-government initiatives, and improve connectivity for citizens and businesses nationwide.  link

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Tishwash:  The Minister of Finance directs the disbursement of dues to contractors in five governorates as part of the first batch.

 Finance Minister Faleh Al-Sari directed on Wednesday (June 17, 2026) that the dues of contractors in a number of governorates be disbursed as a first batch.

The ministry stated in a statement received by “Baghdad Today” that “Minister of Finance Faleh Al-Sari has ordered the disbursement of the dues of contractors in the governorates of Basra, Diwaniyah, Najaf, Babylon and Maysan, as part of the first batch of financial dues, with the dues of the other governorates to be disbursed successively and regularly.”

She added that “the head of the Iraqi and Arab Contractors Union, Ali Fakher Al-Sanafi, appreciated the serious approach of Prime Minister Ali Falih Al-Zaidi and Finance Minister Falih Al-Sari in working to disburse the contractors’ outstanding dues that have been delayed for years. He also appreciated the efforts of MP Ali Shaddad for his role in following up on this file, which is related to the progress of Iraq’s economy.”

The ministry noted that “Al-Sanafi explained that adopting the disbursement mechanism in the form of successive and regular installments contributes to settling the issue of dues gradually, and enhances the stability of the work of contracting companies in various governorates.”

She noted that “Al-Sanafi confirmed that the Minister of Finance’s directive came during the meeting that brought them together today, indicating that releasing these dues represents an important step in the process of addressing the outstanding financial dues of contractors.” link

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

Tishwash:  The coordination framework is discussing with al-Zaydi the completion of his government and the results of the visit by Trump's envoy.

The Coordination Framework held its periodic meeting on Wednesday in the presence of the Prime Minister, to discuss the latest political, security and economic developments on the national scene.

According to a statement issued by the media office of the framework, a copy of which was received by Al-Furat News, the attendees listened to a presentation by the Prime Minister on the latest government procedures and files under follow-up. They also discussed the results and outcomes of the visit of US envoy Tom Barrack and the dialogues he held with the government, and emphasized the importance of protecting supreme national interests and strengthening Iraq’s foreign relations in a way that serves its stability and sovereignty.

The statement added, "The coordination framework also discussed the issue of completing the government cabinet, stressing the importance of expediting this process in order to enhance the efficiency of government performance and ensure the completion of the ministerial program requirements and meet the aspirations of citizens."

At the conclusion of the meeting, the Coordination Framework extended its deepest condolences to the Iraqi people and the Arab and Islamic nations on the occasion of the holy month of Muharram, recalling the great values ​​of the revolution of Imam Hussein (peace be upon him) and what it represents of eternal meanings in reform, sacrifice, and defense of truth and justice.  link

Tishwash:  The Prime Minister's advisor sets a date for the recovery of Iraqi oil.

The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, stated on Wednesday that the return of Iraqi oil production and exports through the Strait of Hormuz to pre-war levels depends on the implementation of a package of technical and logistical requirements, foremost among them being the clearing of the vital waterway from sea mines.

Saleh told Al-Maalomah that “the Iraqi oil fields that were damaged as a result of the forced shutdown that exceeded three months need a period of time of about a month to be restarted,” noting that “this step remains conditional on the return of the international companies that left the fields during the military operations.”

He added that "the second challenge is securing the arrival of oil tankers to Iraqi ports," noting that this "is entirely dependent on the timeframe required to clear the Strait of Hormuz of mines to ensure the safety of maritime navigation and its return to its former state."

Saleh added that "the oil sector requires a complete rehabilitation of the infrastructure, pipeline networks, and ports to be fully prepared before the actual start of crude oil pumping operations."

He pointed out that "70 percent of Iraqi oil exports are allocated to East Asian markets," stressing that "official contracts are still in place and valid."

Saleh concluded his remarks by stressing that "the restoration of the Iraqi oil sector to its full production and export capacity will not happen suddenly, but will be subject to a gradual and well-thought-out timetable until the stage of full recovery is reached and cash flows for the country are secured."

Iraqi oil exports have shrunk by 90% following recent regional events and the Israeli-American war on Iran. This challenge has revealed a clear governmental failure due to the lack of alternatives and the failure to provide any other outlet for exporting Iraqi oil, on which the state relies as its primary source of revenue to fund its budget and public expenditures.  link

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

Tishwash:  The head of the Iraqi Trade Bank emphasizes the importance of partnership with professional media and continuing to raise public awareness.

The Chairman of the Board of Directors of the Trade Bank of Iraq (TBI), Bilal Al-Hamdani, emphasized on Wednesday the importance of partnership with professional media outlets. He noted that regular meetings are held with journalists and media professionals to provide them with accurate economic information, contributing to public awareness, reducing the spread of misinformation, and protecting public opinion from rumors.

In a statement received by Mawazin News, the bank said, "The Chairman of the Board of Directors of the Trade Bank of Iraq (TBI), Bilal Al-Hamdani, met today with a group of journalists, media professionals, and economic experts, in the presence of the bank's Vice Chairman, Sabah Al-Saadi, to discuss the role of economic media and the importance of strengthening communication between financial institutions and professional media outlets."

Al-Hamdani praised "constructive criticism and a free press," stressing that "there is no objection to constructive criticism and the importance of continuing to educate citizens."

He added that "the meeting included several interventions, with journalist Abbas Aboud calling for support for professional media platforms to contribute to raising economic awareness and educating citizens, while journalist Naseer Al-Awam emphasized the importance of opening the bank's doors to the local press and strengthening cooperation with them."

For their part, the press delegation indicated that "Iraq needs more management and planning," noting "the importance of continuously disseminating instructions and decisions, given the bank's high level of public trust." Journalists affirmed that TBI's experience is a successful banking model and that they had presented this assessment to the Prime Minister, praising the bank's high level of public confidence.

Several economic journalists explained that "economic challenges require a professional media discourse," indicating that "the impact of a professional journalist in conveying facts can be more effective than traditional media campaigns by institutions."

It is worth noting that the meeting was attended by representatives from the Iraqi Media Network and the Iraqi Journalists Syndicate, along with a number of newspaper editors, media professionals, and those interested in economic affairs, in a move aimed at strengthening the partnership between the banking sector and professional media.  link

Iraq Economic News and Points To Ponder Thursday Afternoon 6-16-26

United Nations: The Iraqi Government Is Adopting Economic Reforms Based On Digitalization And Combating Corruption.

Money and Business   Economy News – Baghdad   The UN Assistant Secretary-General and Regional Director of the United Nations Development Programme for Arab States, Abdullah Al-Dardari, announced on Wednesday the details of bilateral talks with Prime Minister Ali Al-Zidi, stressing that the government is adopting economic reforms based on digitalization and combating corruption.

Al-Dardari told the Iraqi News Agency, as reported by "Al-Eqtisad News": "Prime Minister Ali Al-Zidi presented, during our meeting with him, a vision for addressing the Iraqi economy, where he spoke about economic institutions operating according to a real economic model, and combating corruption to revive the Iraqi economy."

He continued: "The Prime Minister also spoke about automating and digitizing the Iraqi economy and Iraqi public institutions, and developing the financial system to attract and mobilize financial resources, especially Arab and foreign private investment, to work in Iraq."

He pointed out that "local development was discussed, including in Sinjar district, to achieve economic and social stability for its residents, in addition to achieving economic stability in the liberated areas that have been reconstructed, as these areas are facing an economic crisis due to the absence of effective economic activity and the failure to establish companies and economic entities."

He added: “The meeting with the Prime Minister also resulted in a discussion of the Southern Fund to improve the situation in the southern regions, which have recorded the highest unemployment rates.”

He added, “The Prime Minister focused on the transformation and transition towards a competitive economy, while ensuring social protection for groups that may be affected by this transformation, and we are ready to work on this issue.” He pointed out that “the meeting also discussed supporting the Development Fund, which needs a law and expertise to support it in becoming a mechanism for mobilizing private financial resources towards well-studied and calculated investment projects.”

He explained that "the United Nations Development Programme specializes in implementing loans effectively, quickly, transparently, free from corruption, and with reliable global procedures."

https://www.economy-news.net/content.php?id=70360

The Minister Of Finance Orders The Disbursement Of Dues To Contractors In 5 Governorates

Money and Business    Economy News – Baghdad   Finance Minister Faleh al-Sari ordered on Wednesday the disbursement of dues to contractors in the governorates of Basra, Diwaniyah, Najaf, Babylon and Maysan, as part of the first batch of financial dues.

The head of the Iraqi and Arab Contractors Union, Ali Fakher Al-Sanafi, said in a statement seen by “Al-Eqtisad News” that “adopting a mechanism for disbursement in the form of successive and regular installments contributes to settling the issue of dues gradually, and enhances the stability of the work of contracting companies in various governorates.”

He added that "the Minister of Finance's directive came during the meeting that brought them together today," indicating that "releasing these dues represents an important step in the process of addressing the outstanding financial dues of contractors."

It is worth noting that the head of the Iraqi and Arab Contractors Union confirmed at the beginning of this month that Prime Minister Ali Falih al-Zaidi promised to disburse one trillion dinars of the contractors’ outstanding dues as a first payment.

https://www.economy-news.net/content.php?id=70357

Finance Minister: Unifying Customs Systems With The Region Is A Strategic Step To Maximize Revenues

Money and Business  Economy News – Baghdad  Finance Minister Faleh Sari confirmed on Thursday that unifying customs systems with the region is a strategic step to maximize revenues.

A statement from the Ministry of Finance, received by “Al-Eqtisad News”, stated that “Minister of Finance Faleh Sari affirmed that unifying customs systems and procedures between the federal government and the Kurdistan Region represents a strategic step in the path of economic reform, due to the positive effects it achieves in maximizing non-oil revenues, tightening control over the movement of goods, reducing cases of evasion, as well as enhancing transparency and unifying data and procedures in accordance with international standards.”

The statement added that "the minister's assurances came in conjunction with a joint meeting held by the General Authority of Customs with the Kurdistan Region Customs Authority in the capital, Baghdad, today, in the presence of relevant sectoral bodies, to discuss mechanisms for implementing the ASYCUDA World system in the customs centers affiliated with the region."

The statement continued, “The meeting witnessed a discussion of the technical and administrative aspects of the system currently adopted in the ports affiliated with the federal government, and a review of the results achieved in the field of digital transformation, simplifying procedures and enhancing electronic monitoring, in addition to discussing ways to unify procedures and data between the two sides.”

The statement continued, “A joint protocol was signed that included a set of recommendations and executive procedures related to the application of the system in the customs centers affiliated with the Kurdistan Region, to be submitted to the Ministerial Council for Economy to complete the necessary procedural steps.”

He pointed out that "this meeting comes within the framework of the ongoing efforts made by the General Authority of Customs within the framework of the comprehensive digital transformation project, and in line with the vision of the Federal Ministry of Finance aimed at modernizing customs work, enhancing electronic control, and supporting the national economy."

https://www.economy-news.net/content.php?id=70405

The Minister Of Industry Emphasizes The Importance Of Strengthening Cooperation With International Companies And Benefiting From Their Expertise

Money and Business   Economy News – Baghdad  Minister of Industry and Minerals, Mohammed Nouri, stressed on Thursday the importance of strengthening cooperation with international companies and benefiting from their expertise.

The media office of the Minister of Industry and Minerals stated in a statement received by "Economy News" that "Nouri received the Italian Ambassador to Iraq, Nicolo Fontana, to discuss bilateral relations and ways to enhance joint cooperation in the industrial and investment fields."

According to the statement, the minister stressed "the importance of strengthening cooperation with international companies and benefiting from their expertise in developing the industrial sector," noting "the work on preparing an integrated investment map that includes many promising opportunities in various industrial fields."

For his part, the Italian ambassador affirmed his country's interest in strengthening industrial and investment cooperation with Iraq in the coming period, expressing the desire of Italian companies to enter the Iraqi market and participate in important industrial projects. https://www.economy-news.net/content.php?id=70399

Iraq Development Fund: 34 Key Points That Must Be Met Before Implementing The Baghdad Metro

Money and Business    Economy News — Baghdad  The Iraq Development Fund has set 34 points for study before launching the Baghdad Metro project, indicating that these points are necessary and essential before moving to the implementation phase.

The Fund’s Executive Director, Mohammed Al-Najjar, told the official newspaper: “The project was launched early, before the required studies were completed, and its so-called roadmap must be redrafted,” noting that “the Fund found 34 points that should have been studied before launching or announcing it.”

He added that "these points included population studies, transport lines and other axes that were not ready," noting that the project was viewed "engineeringly" and not "strategically".

Al-Najjar expressed his hope that "the current government will adopt the Fund's report and the points that must be properly met, and relaunch the project in a manner befitting such projects in the world."

The Fund’s Executive Director stressed that “the project cannot be started until 1 to 18 months after these points are completed, as it is a project that can change the movement of the population and the nature of business and open up different horizons in Iraq.”

For her part, Mona Al-Muhammadawi, a member of the Transportation, Communications and E-Governance Committee in the House of Representatives, considered the “Baghdad Metro” project a strategic solution to the traffic congestion crisis.

Al-Muhammadi added to Al-Sabah that “the success of the project requires a clear vision, stable funding and serious implementation procedures,” noting that “the citizen today is not waiting for the announcement of new projects as much as he is waiting to see the announced projects enter into actual implementation.”

The committee affirmed its support for moving forward with this vital project, stressing the need to adhere to timelines and maintain full transparency in all stages of contracting and implementation, to ensure the desired benefit is achieved for citizens.

https://www.economy-news.net/content.php?id=70389

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 6-18-26

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Japan’s New Security Strategy Draws Strong Opposition From China

Tokyo's proposed military expansion marks a historic shift from its post-war defense policy, raising tensions over Taiwan, regional security, and the balance of power in the Indo-Pacific.

Overview

• Japan is moving toward its most significant defense policy overhaul since World War II, proposing expanded military capabilities and increased defense spending.

• China has strongly condemned the proposed security reforms, arguing they threaten regional stability and interfere with Beijing's interests regarding Taiwan.

• The dispute reflects the growing strategic competition between China, Japan, and the United States, with major implications for security, trade, and geopolitical alliances across Asia.

Key Developments

1. Japan Plans Historic Defense Expansion

Japan's ruling Liberal Democratic Party approved a draft proposal to revise the country's National Security Strategy, National Defense Strategy, and Defense Force Enhancement Plan.

The proposed changes would allow Japan to expand long-range strike capabilities, increase missile development, ease restrictions on defense exports, and raise military spending to approximately 2% of GDP, representing a major departure from decades of post-war military restraint.

2. China Rejects the Security Shift

China's Foreign Ministry condemned the proposal, describing Japan's military expansion as a return to militarization that threatens peace and regional stability.

Beijing warned that increased Japanese military activity near Taiwan, including missile deployments on islands close to the Taiwan Strait, crosses what China considers its core national security interests.

3. Taiwan Remains the Central Flashpoint

Japan has increasingly emphasized that stability in the Taiwan Strait is directly linked to its own national security.

China, however, continues to insist that Taiwan remains an internal matter and has warned that any foreign military involvement could carry serious consequences.

Why It Matters

Japan's evolving defense policy reflects the rapidly changing security environment in the Indo-Pacific. Rising tensions surrounding Taiwan, expanding military modernization, and growing strategic competition between major powers are reshaping regional alliances and defense planning.

The developments also demonstrate how national security concerns are increasingly influencing economic policy, technology investment, supply chain resilience, and international diplomacy throughout Asia.

Why It Matters to Foreign Currency Holders

For those following the Global Financial Reset, geopolitical developments in the Indo-Pacific are becoming increasingly important because they influence global trade routes, financial markets, investment flows, and reserve currency stability.

Escalating regional tensions could increase demand for safe-haven assets, accelerate defense spending, disrupt semiconductor supply chains, and encourage nations to strengthen regional economic partnerships. These trends may contribute to longer-term shifts in capital allocation and the evolving structure of the global financial system.

Implications for the Global Reset

• Pillar 1 : Trade

The Taiwan Strait remains one of the world's most important commercial shipping corridors. Any increase in regional tensions could affect global trade, semiconductor production, and international supply chains.

• Pillar 2 : Technology

Competition over advanced technology, semiconductor manufacturing, and defense innovation continues to drive strategic investment and reshape economic alliances throughout the Indo-Pacific region.

Looking Ahead

Japan is expected to continue strengthening its defense capabilities while expanding security cooperation with allies including the United States, Australia, the Philippines, and NATO partners.

China is likely to respond with additional military modernization, diplomatic protests, and increased activity around Taiwan as both sides seek to reinforce their strategic positions. The evolving security environment will remain one of the most significant geopolitical factors influencing global markets and international stability in the years ahead.

This is not simply a regional defense issue—it reflects the broader competition shaping the future balance of economic and geopolitical power.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — "Japan expands defense strategy amid rising regional security concerns"

• Modern Diplomacy — "Japan's New Security Strategy: China's Response, Taiwan, and U.S. Influence"

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Iraq Economic News and Points To Ponder Late Wednesday Evening 6-17-26

MP: Washington Is Using The Dollar To Blackmail Iraq

16 Jun 2026 The Information Agency / Baghdad –  MP Abbas Qusay asserted on Tuesday that the United States is using the dollar as a tool for financial pressure and blackmail against Iraq, indicating that this is reflected in the country's economic policies.  

Qusay told the Information Agency, "The United States is using the dollar to financially blackmail Iraq and is imposing its influence on all financial transactions and transfers."

 He added that "American interference in Iraqi financial policy is one of the main reasons behind the disruption of the economy and the slowdown of some economic measures within the country."

He pointed out that "the Iraqi economy needs to strengthen its financial independence and reduce its reliance on instruments that give external parties the ability to influence national economic decisions."

He emphasized that "the continuation of this approach negatively impacts economic stability and development in Iraq."

https://almaalomah.me/news/135782/economy/نائب:-واشنطن-تستخدم-الدولار-لابتزاز-العراق

Sources To Alwan News: Two Shipments Of US Dollars In Cash Arrive In Baghdad Coinciding With Tom Barrack's Visit To Iraq

latest news 2026 Baghdad - One News - 6/17/2026  Informed Iraqi sources told Alwan News that two shipments of cash dollars arrived in the capital, Baghdad, coinciding with the visit of the US Special Envoy to Iraq and Syria, Tom Barrack. 

According to the sources, the incoming funds will support the stability of the exchange market and maintain the value of the Iraqi dinar, as well as enhance import operations and finance foreign trade. 

This step comes in light of Iraqi-American talks related to financial and economic files, in addition to energy and arms files, amid a government trend to avoid any pressures or sanctions that may affect the local market. 

https://1news-iq.net/مصادر-لوان-نيوز-وصول-دفعتين-من-الدولار/

Financial Expert: Expectations Of A Dinar Devaluation Are Driving Increased Demand For The Dollar And Fueling Speculation.

Shafaq News – Baghdad  Financial expert and former Director General of the Central Bank of Iraq, Mahmoud Dagher, revealed on Wednesday that expectations of a reduction in the value of the Iraqi dinar in light of the economic situation and existing debts are driving an increase in demand for the dollar and a rise in its price in the local market.

Dagher added, in an interview with Shafaq News Agency, that statements and leaks related to the work of the Central Bank or the possibility of changing the exchange rate contribute to strengthening waves of speculation, noting that the market usually enters a cycle of anticipation that pushes towards strengthening dollar holdings among various economic actors, which is directly reflected in prices.

He explained that such expectations often lead to a collective behavior among individuals and companies towards converting savings into foreign currency, which increases the demand for it in the free market.

The local markets witnessed a rise in the exchange rate of the dollar against the Iraqi dinar during the past few days; as it recorded on Wednesday in the Al-Kifah exchange 156,000 dinars for every 100 dollars, while the official rate adopted by the Central Bank is 132,000 dinars. https://www.shafaq.com/ar/اقتصـاد/خبير-مالي-توقعات-خفض-قيمة-الدينار-تدفع-لزيادة-الطلب-على-الدولار-وتغذي-المضاربات

The Central Bank Of Iraq Denies A Forged Document Regarding A Change In The Exchange Rate.

economy   The Central Bank of Iraq on Wednesday categorically denied reports circulating about an intention to amend the exchange rate of the Iraqi dinar.

The bank warned in a statement, “against dealing with misleading news, revealing that it had detected a forged document circulating that claims a request was submitted from the Prime Minister’s office to the Finance Committee in the House of Representatives to change the exchange rate to (1600) dinars per dollar.” 

The bank called on the media and citizens to "be accurate and rely on news and information from official and exclusive sources issued by the Central Bank of Iraq. https://www.alsumaria.tv/news/economy/567320/المركزي-العراقي-ينفي-كتاباً-مزوراً-حول-تغيير-سعر-الصرف

Al-Arab: Al-Zaidi Is In A Complicated Situation Between Factions Entrenched In The State, Supported By Iran, And An American Administration That Wants To Dismantle Them

latest news  Baghdad - One News - 6/17/2026   The London-based Al-Arab newspaper reported that Iraqi Prime Minister Ali al-Zubaidi finds himself in a very complicated position between Iranian-backed armed groups on one hand, and the US administration led by Donald Trump on the other, amid escalating pressure related to the issue of armed factions loyal to Tehran.

 The newspaper pointed out that the challenges facing al-Zaidi go beyond simply being described as difficult, as Iran’s allies in Iraq do not want an independent prime minister who responds to American demands, at a time when Washington seems determined to reduce Iranian influence and deal firmly with the factions linked to Tehran.

 She added that al-Zaidi faces a delicate equation, as his failure to strike a balance between the two sides could lead to him losing the internal political support he needs to ensure the stability of his government, or losing the American support that greeted the new government with cautious welcome.   https://1news-iq.net/العرب-الزيدي-في-وضع-مُعقد-بين-فصائل-متو/

The central bank's foreign reserves declined by more than 1.7 trillion dinars in one week.

The Central Bank of Iraq revealed on Wednesday a decline in its foreign reserves during the second quarter of this year.

A statement from the bank, received by Al-Maalomah News Agency, indicated that “reserves reached approximately 118.947 trillion dinars on May 28, compared to 120.675 trillion dinars on May 21, a decrease of 1.728 trillion dinars, or 1.43%, indicating a continued downward trend during May.

” The statement added, “Reserves continued their decline on a monthly basis, recording approximately 127.152 trillion dinars in April, after standing at 130.443 trillion dinars in March, reflecting a gradual decrease in total reserve assets during the period from March to the end of May.”

It also noted that "the value of gold included in official reserves reached approximately 32.973 trillion dinars, representing one of the most important hedging elements within the foreign reserves structure."

https://almaalomah-me.translate.goog/news/135890/economy/تراجع-الاحتياطي-الاجنبي-في-البنك-المركزي-بأكثر-من-17-تريليون?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Al-Halbousi and the Private Sector Development Council discuss encouraging local, foreign investment

Iraqi News Agency  INA - BAGHDAD - June 17th, 2026   Speaker of Parliament Haybat al-Halbousi met with a delegation from the Private Sector Development Council on Wednesday to discuss the state of the private sector in Iraq and the legislation needed to encourage local and foreign investment in the country.

 Al-Halbousi received a delegation from the Private Sector Development Council headed by Abdullah Saleh al-Jubouri, according to the Speaker's media office statement received by the Iraqi News Agency - INA.

During the meeting, the current state of the private sector in Iraq was discussed, along with the most prominent challenges and obstacles facing the business environment and ways to address them, in order to contribute to strengthening economic activity.

The meeting addressed “the necessary legislation that contributes to strengthening the role of the private sector and encouraging local and foreign investment, and the importance of refining this legislation by utilizing the proposals and opinions of specialists and experts, so that it is passed in a way that meets the requirements of economic development and supports the business environment in Iraq."  

https://ina.iq/en/politics/49674-al-halbousi-and-the-private-sector-development-council-discuss-encouraging-local-and-foreign-investment.html

Seeds of Wisdom RV and Economics Updates Thursday Morning 6-18-26

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Kim Yo Jong Rejects G7 Denuclearization Call, Declares North Korea’s Nuclear Status Permanent

Pyongyang dismisses G7 demands, reinforces its nuclear doctrine, and signals a long-term shift toward deterrence rather than disarmament.

Overview

• North Korea has firmly rejected the G7's renewed call for complete denuclearization, declaring its nuclear weapons status to be permanent and irreversible.

• Kim Yo Jong, sister of North Korean leader Kim Jong Un, stated that demands to abandon the country's nuclear arsenal violate North Korea's sovereignty and constitution.

• The announcement further diminishes hopes for future denuclearization talks and reinforces a security environment increasingly based on deterrence rather than diplomacy.

Key Developments

1. North Korea Declares Nuclear Status "Irreversible"

Kim Yo Jong dismissed the G7's statement calling for North Korea's denuclearization, asserting that the country's nuclear capabilities are now a permanent component of its national defense strategy.

Pyongyang maintains that its nuclear arsenal is essential for protecting the country from perceived threats posed by the United States and its regional allies.

2. G7 Reaffirms Commitment to Denuclearization

The statement follows the recent G7 Summit, where leaders once again urged North Korea to abandon its nuclear weapons and ballistic missile programs while expressing concern over continued missile launches and cyber activities.

Despite years of sanctions and diplomatic efforts, North Korea has continued expanding its strategic weapons capabilities.

3. Diplomatic Prospects Continue to Fade

By publicly declaring that denuclearization is no longer open for negotiation, North Korea is shifting the conversation away from eliminating its nuclear arsenal and toward managing long-term strategic deterrence.

Analysts believe future diplomacy, if it occurs, will likely focus on risk reduction, crisis management, and arms control, rather than complete disarmament.

Why It Matters

North Korea's position reflects a significant shift in the international security landscape. The growing acceptance within Pyongyang that nuclear weapons are a permanent element of national policy makes diplomatic breakthroughs increasingly difficult and raises the likelihood of continued regional military competition.

The continued impasse also places additional pressure on the United States, South Korea, Japan, and the United Nations as they seek to maintain stability while enforcing non-proliferation agreements.

Why It Matters to Foreign Currency Holders

For those following the Global Financial Reset, ongoing geopolitical tensions remain an important factor influencing currency markets, safe-haven investments, defense spending, and global capital flows.

Periods of heightened international uncertainty often strengthen demand for traditional reserve assets such as the U.S. dollar and gold while encouraging governments to increase military expenditures and strategic investment. These developments can indirectly affect inflation expectations, sovereign debt, and long-term monetary policy decisions that currency holders closely monitor.

Implications for the Global Reset

• Pillar 1 : Assets

Persistent geopolitical instability continues to support demand for gold, strategic commodities, and other safe-haven assets during periods of global uncertainty.

• Pillar 2 : Trade

Long-term security tensions in Northeast Asia could influence regional investment, supply chains, technology development, and defense-related trade as nations strengthen strategic partnerships.

Looking Ahead

North Korea is expected to continue developing its nuclear and missile capabilities while maintaining that its nuclear status is non-negotiable. The G7 and regional allies are likely to respond through continued sanctions, military cooperation, and enhanced missile defense initiatives.

Although diplomatic engagement remains possible, future discussions are increasingly expected to focus on managing tensions rather than achieving complete denuclearization. This evolving reality reinforces the emergence of a more complex and multipolar global security environment.

This is not just a regional security issue—it reflects the broader geopolitical realignment shaping the future global order.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — "North Korea rejects G7 call for denuclearization, says nuclear status is irreversible"

• Modern Diplomacy — "Kim Yo Jong Rejects G7 Denuclearisation Call, Defends North Korea Nuclear Status"

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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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