Ariel:The Slow Grind and Unwind is Coming to a Resounding Conclusion

Ariel:The Slow Grind and Unwind is Coming to a Resounding Conclusion

6-23-2026

Good Evening To You Wonderful People

I noticed I haven’t spoken on Militia-Man & Crew In A Good Minute

I wanted to go over some details in his most recent video. That MilitiaMan & Crew video is solid, grounded dinar community content no wild hopium, just steady stitching of recent developments like ASYCUDA final stages, post-Ashura cabinet momentum, and the broader acceleration signals. Which is what he is known for.

https://www.youtube.com/watch?v=HyDR7SJZ16I&t=81s

The guy has a calm, no-drama delivery that cuts through the noise better than most in the space. Which is why I have always suggested his channel. He doesn’t do all the animated antics found in other gurus.

He’s tracking the operational tells that matter. Customs automation tightening borders, government streamlining under the new PM, and the sense that things are shifting from planning to execution. It aligns with the pattern we’ve been mapping connectivity (Starlink), compliance (new AML-rooted Governor), legislative pressure (HCL and budget), and digital mandates all converging.

Why This Convergence Carries Real Weight

Trump’s level-playing-field pressure, Clarity Act steam, Iran stabilization (Versailles symbolism reversing old mandates), and ISO 20022 enforcement are creating the international breathing room Iraq needs.

Banks resisting the shift are terrified because transparency kills the arbitrage and opacity they exploited for decades. The City of London and offshore webs lose control over energy pricing and passage payments.

This isn’t abstract reform. It’s operational decapitation of the networks that kept Iraq manageable rather than sovereign.

The video’s “momentum accelerating” framing is accurate. ASYCUDA final stages close the physical borders, Starlink closes the digital gaps, the new Governor closes the compliance gaps, and HCL closes the revenue gaps. July 1st digital government mandate, parliament in session for budget/HCL, and cabinet completion create the functional skeleton.

The 160 IQD/USD target post-redenomination (yielding effective ~$0.62) aligns with asset-backed positioning on solid ground. Something Majeed mentioned that we can go further into. Because this means it will most likely float into higher price value. So do not exchange all your IQD at once if you can hold it.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/iraqi-dinar-slow-161805426

https://dinarchronicles.com/2026/06/22/prolotario-the-slow-grind-and-unwind-is-coming-to-a-resounding-conclusion/

Iraq Economic News and Points To Ponder Late Monday Evening 6-22-26

The Government Comments On Intentions To Change The Dollar Exchange Rate.

{Economic: Al-Furat News} Government spokesman Haider Al-Aboudi confirmed that the government and the Central Bank of Iraq are adopting a flexible economic approach regarding the policy of the dollar exchange rate against the Iraqi dinar, which currently stands at 1557 dinars. 

Al-Aboudi explained in a press statement that "this policy is based on achieving the national interest and enhancing economic stability, and it can be described as an exchange rate policy consistent with the requirements of economic growth."

He pointed out that this approach seeks to achieve a well-considered balance between the exchange rate and the gross domestic product, reflecting the true strength of the national economy and its structural characteristics, and ensuring the stability of macroeconomic indicators.

He explained that the monetary policy authorized by the Central Bank of Iraq under its law is consistent with the general directions of the government based on promoting economic solutions and activating the tools of sustainable growth.

https://alforatnews.iq/news/الحكومة-تعلق-على-نوايا-تغيير-سعر-صرف-الدولار

Al-Aboudi: The Government And The Central Bank Are Adopting A Flexible Approach To The Exchange Rate.

Economy News – Baghdad   Government spokesman Haider al-Aboudi spoke about the most prominent features of the work of Ali Faleh al-Zaidi’s government during its first month, stressing that the initial indicators reflect a clear harmony between the practical steps and the announced government program, especially in the files of restricting weapons and combating corruption, in addition to economic reform and diplomatic openness.

Al-Aboudi explained that the Prime Minister's upcoming visit to Washington in mid-July will be his first official foreign trip, aimed at building a productive economic partnership that serves development in Iraq and deepens strategic relations with the United States in a way that enhances trade and investment. He emphasized that this visit will open the door to broader cooperation between the Iraqi and American private sectors, which will positively impact the national economic environment.

Regarding monetary policy, Al-Aboudi emphasized that the government and the Central Bank are adopting a flexible approach to the exchange rate, based on the national interest and achieving a balance between the exchange rate and GDP, thus ensuring the stability of macroeconomic indicators. As for the budget, the Prime Minister affirmed his rejection of the current formula based on allocations and payments, indicating the need to adopt a "program budget" that directs funding towards productive projects that generate tangible returns and support development initiatives.

As for the fight against corruption, he stressed that the government is determined to protect public funds by all means, and that confronting corruption represents a national and moral commitment that cannot be abandoned.

Al-Aboudi also addressed the policy of diplomatic openness, explaining that the government seeks to strengthen its relations with internationally influential countries, thereby achieving greater economic and political integration and bolstering Iraq's standing in the region and the world. He also noted that the relationship with the Kurdistan Region is managed in accordance with the constitution and laws, and that the government is working to resolve outstanding financial and administrative issues in a way that ensures transparency and fairness for all Iraqis.

Al-Aboudi revealed that the completion of the ministerial cabinet will take place in the first half of next July, stressing that the government is monitoring the performance of ministries and the services file on a daily basis, and that its priorities during the next stage are economic reform, combating corruption, developing the electricity sector, in addition to strengthening Iraq’s role in its regional and international environment.

 129 views  Added 2026/06/22 - 12:32 PM  https://www.economy-news.net/content.php?id=70551

Dinar Destabilized By Reports Of Newly Printed Currency, Devaluation Fears, And CBI Leadership Shift

Daban Mohammed      Kaifi Khoshnaw, a spokesperson for the Erbil Currency Market, stated that market rumors are destabilizing the Iraqi dinar, fueled by unverified reports of newly printed dinars in circulation, speculation over an official government devaluation, and a leadership vacuum following the removal of the Central Bank Governor.

The U.S. dollar experienced a sharp surge against the Iraqi dinar in the Kurdistan Region's parallel market on Monday, with the exchange rate climbing toward the 160,000 IQD mark per $100.

Khoshnaw Outlines Rumors Driving Dinar Instability

Addressing the market's exchange rate instability, Khoshnaw told Channel8 that the volatility is driven by widespread rumors. Chief among them, he noted, are unverified reports regarding whether 25 trillion newly printed dinars remain in circulation, adding that "nobody knows if this is true or false."

"The second reason is a rumor that the Iraqi government will raise the dollar, but there is nothing official yet because parliament must convene and vote on it,” he added.

Khoshnaw noted that market instability is also being driven by rumors surrounding the removal of Ali al-Alaq as Central Bank Governor.

Spokesperson: Widening Exchange Rate Gap Could Trigger Public Protests 

“Therefore, the situation is somewhat complicated,” he stressed, adding that the Iraqi government is waiting for the new CBI Governor to assume office.

The spokesperson warned that the surging value of the U.S. dollar could trigger public protests due to the widening gap between the official exchange rate (1,320 IQD per $1 USD) and the parallel market rate. 

Immediate Government Intervention and Transparency 

Khoshnaw stated that the Iraqi government "must step in as soon as possible" to stabilize the currency and prevent public financial losses. 

He emphasized that authorities must officially clarify whether an adjustment to the exchange rate has been enacted or provide a transparent update on current monetary policies.

Iraqi PM Calls for Banking Reforms and Global Digital Transformation 

Meanwhile, while overseeing the handover ceremony for incoming Central Bank Governor Nizar Nasser Hussein, Prime Minister Ali Faleh al-Zaidi highlighted “the importance of advancing banking reform programs in a manner that contributes to financial stability and provides a favorable economic and investment environment to support development.”

He reiterated the need to align with global digital transformation and adopt international standards across financial operations.  https://channel8.com/english/news/60360

The Central Bank Announces The Completion Of The Requirements For Reintegrating Banks Restricted From Dealing In US Dollars

Baghdad - WAA    The Central Bank of Iraq announced on Monday the completion of procedures and requirements for the reintegration of a number of banks restricted from dealing in US dollars in foreign currency transfer operations.

The bank stated in a statement received by the Iraqi News Agency (INA): “Within the framework of the Central Bank of Iraq’s efforts to enhance monetary and financial stability, develop the banking sector, and raise its level of integration into the global financial system, the bank continues to implement its reform program in coordination with relevant international institutions, focusing on several key areas.”

The statement added that "the Central Bank of Iraq has completed the procedures and requirements for the reintegration of a number of banks restricted from dealing in US dollars in foreign currency transfer operations, after they met the requirements of the reform plan and the relevant supervisory and technical standards, and strengthened their frameworks for combating money laundering and terrorist financing," explaining that "this file has reached its final stages in preparation for the gradual and organized reintegration, which will enhance the ability of these banks to serve their customers and support the expansion of their foreign correspondent relationships in accordance with best practices and international standards."

He added that “the Central Bank has completed the necessary technical and procedural requirements to raise the limits of electronic payment cards for the category of registered companies and businesses, which contributes to expanding the scope of digital financial services, enhancing financial inclusion, and meeting the needs of various segments of customers with payment tools.

The bank is proceeding with the implementation of the subsequent phases of this project in a gradual and deliberate manner, in a way that ensures the consolidation of regulatory controls that will enhance the integrity and effectiveness of the system, and keep pace with the rapid developments in the financial sector.”

The Central Bank of Iraq, according to the statement, affirmed its commitment to “meeting the demand for the US dollar in accordance with the approved controls and standards, ensuring the smooth flow of transfers and covering the legitimate needs of the public and private sectors, based on strong foreign reserves and effective monetary tools. This is done with full commitment to compliance requirements and standards for combating money laundering and terrorist financing, and a monetary policy based on the stability of the exchange rate and the integrity of financial channels.”

The bank stressed, according to the statement, that "these measures are part of a comprehensive reform program aimed at addressing existing challenges and resolving priority issues, thereby strengthening confidence in the Iraqi banking sector, supporting the foundations of financial and monetary stability, and backing the country's economic development."

He concluded that he “will continue to take the necessary measures and policies to develop the banking environment, raise the efficiency of the financial system, and provide the necessary elements to support sustainable economic growth, thereby achieving long-term financial stability and preserving the stability of the exchange rate and the integrity of financial channels.”    https://ina.iq/ar/economie/266486-.html

Central Bank Of Iraq: Reintegration Of Dollar-Denominated Banks Is In Its Final Stages

{Economic: Al-Furat News} The Central Bank of Iraq affirmed on Monday its continued implementation of its comprehensive reform program aimed at strengthening monetary and financial stability, developing the banking sector, and raising its level of integration into the global financial system, in coordination with relevant international institutions, stressing its firm commitment to maintaining the stability of the exchange rate and meeting the legitimate demand for the US dollar in accordance with the approved controls and standards. 

The bank explained in a statement received by Al-Furat News that: “Its reform efforts are focused on a number of key areas, foremost among them the file of reintegrating Iraqi banks into foreign transfer operations, as it has completed the procedures and requirements for reintegrating a number of banks restricted from dealing in US dollars into foreign currency transfer operations, after they met the requirements of the reform plan and the relevant regulatory and technical standards, and strengthened its frameworks for combating money laundering and terrorist financing.”

He explained that "this file has reached its final stages in preparation for a gradual and organized reintegration, which will enhance the ability of these banks to provide their services to their customers, and support the expansion of their correspondent banking relationships with foreign financial institutions in accordance with best practices and international standards."

Regarding the development of electronic payment services, the Central Bank of Iraq indicated the completion of the necessary technical and procedural requirements to raise the limits of electronic payment cards for the category of registered companies and businesses, which contributes to expanding the scope of digital financial services, enhancing financial inclusion, and meeting the needs of various segments of customers with modern payment tools.

He added that "work is continuing on implementing the subsequent phases of this project in a gradual and deliberate manner, in order to ensure the consolidation of regulatory controls and the enhancement of the integrity and effectiveness of the financial system, as well as keeping pace with the rapid developments witnessed by the financial sector locally and internationally."

Regarding meeting the demand for US dollars, the Central Bank of Iraq stressed its "continued commitment to providing the needs of the public and private sectors for foreign currency in accordance with the approved legal and regulatory frameworks, and in a way that ensures the smooth flow of external transfers and covers the legitimate requirements of economic and commercial activities, based on strong foreign reserves and effective monetary tools."

The bank affirmed that "the management of this file is carried out in full compliance with the requirements of compliance and standards for combating money laundering and terrorist financing, and in line with the monetary policy that is based on maintaining the stability of the exchange rate and the integrity of financial channels," denying "the existence of any intention to change the exchange rate in light of the stable monetary and financial indicators enjoyed by the Iraqi economy."

He pointed out that "these measures are part of an integrated reform program aimed at addressing existing challenges and resolving priority issues, thereby enhancing confidence in the Iraqi banking sector, strengthening the foundations of financial and monetary stability, and supporting economic development efforts in the country."

The Central Bank of Iraq reiterated its commitment to "continuing to take measures and policies that will develop the banking environment, raise the efficiency of the financial system, and provide the necessary support for sustainable economic growth, thereby achieving long-term financial stability and maintaining the stability of the exchange rate and the integrity of financial channels."  https://alforatnews.iq/news/البنك-المركزي-العراقي-إعادة-دمج-المصارف-المقيدة-بالدولار-في-مراحلها-النهائية

Seeds of Wisdom RV and Economics Updates Tuesday Morning 6-23-26

Good Morning Dinar Recaps,

U.S. Waives Iran Sanctions for 60 Days as Trump Warns Against Deal Violations

The United States has granted Iran temporary sanctions relief following the first round of negotiations on an interim peace framework, while warning that any breach of the agreement could trigger immediate consequences.

Overview

• The United States has issued a 60-day sanctions waiver allowing Iran to resume limited oil exports and receive certain payments during ongoing peace negotiations.

• Talks in Switzerland, mediated by Qatar and Pakistan, are aimed at reducing regional tensions and laying the groundwork for a broader agreement.

• President Donald Trump and Vice President JD Vance emphasized that continued sanctions relief depends on Iran honoring its commitments throughout the negotiation period.

Key Developments

1. Temporary Sanctions Relief Begins

The U.S. Treasury announced a 60-day waiver that temporarily eases selected sanctions on Iran, permitting limited oil exports and financial transactions.

The measure is intended to provide diplomatic space while negotiations continue, but officials stressed that the relief is conditional and may be withdrawn if Iran fails to comply with the interim framework.

2. Switzerland Talks Launch the Next Phase

Negotiations held in Switzerland brought together representatives from the United States, Iran, Qatar, and Pakistan following months of regional conflict.

According to U.S. officials, the discussions established the foundation for broader negotiations covering regional security, economic cooperation, and nuclear-related issues.

Iranian officials, however, continue to deny that they have agreed to international nuclear inspections or immediate cooperation with the International Atomic Energy Agency (IAEA).

3. Energy Markets Respond to Potential Supply Increase

The sanctions waiver could allow additional Iranian crude oil to enter international markets over the next two months.

If exports increase as anticipated, global oil supplies could improve, helping ease price pressures while reducing uncertainty surrounding shipping through the Strait of Hormuz, one of the world's most important energy corridors.

4. Regional Security Remains a Central Focus

Negotiators are also working to strengthen ceasefire arrangements involving Lebanon while maintaining freedom of navigation through the Strait of Hormuz.

Although military tensions have eased since the interim framework was announced, several major issues remain unresolved, including nuclear verification, sanctions policy, and long-term regional security guarantees.

Why It Matters

The sanctions waiver represents the first significant economic relief provided to Iran since tensions escalated during the recent regional conflict.

Its success—or failure—could influence global energy markets, diplomatic relations throughout the Middle East, and broader efforts to stabilize one of the world's most strategically important regions.

Why It Matters to Foreign Currency Holders

For those following developments surrounding the Global Financial Reset, this agreement illustrates how geopolitical stability can directly affect energy prices, inflation, trade flows, and currency markets.

Improved stability in the Middle East may reduce inflationary pressures while supporting global trade, although any collapse of negotiations could quickly reverse those gains and increase market volatility.

Implications for the Global Reset

• Pillar 1 : Energy

The reopening of Iranian oil exports and improved maritime security could stabilize global energy markets, easing inflationary pressures that have affected economies worldwide.

• Pillar 2 : Trade

Maintaining open shipping lanes through the Strait of Hormuz strengthens global commerce while highlighting the importance of secure international trade routes in an increasingly interconnected financial system.

Closing Thoughts

The 60-day sanctions waiver offers both Washington and Tehran an opportunity to determine whether diplomacy can replace prolonged confrontation.

While significant disagreements remain—particularly regarding nuclear inspections and long-term security arrangements—the next two months may prove critical in determining whether the interim framework evolves into a lasting agreement or gives way to renewed tensions.

This is not just about sanctions—it reflects the continuing effort to stabilize global energy markets, preserve international trade, and reduce geopolitical risks that influence the broader financial system.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters – Coverage of U.S.-Iran diplomatic negotiations, sanctions policy, and Middle East developments.

• Modern Diplomacy – U.S. Waives Iran Sanctions for 60 Days as Trump Warns of Action Over Deal Breach

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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 Monday Evening 6-22-26

Oil Declines After US-Iran Talks Conclude

2026-06-22 Shafaq News    Brent crude prices ​slid on Monday after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and ‌petrochemical exports, easing worries about a supply shortage in global markets.

Brent crude fell $1.19, or 1.48%, to $79.38 a barrel by 0416 GMT. Prices had climbed to $82.30 at the start of trading, fuelled by a bumpy start to the talks with threats from U.S. President Donald Trump to restart the war on Iran and Tehran's announcement ​it had again closed the Strait of Hormuz.

U.S. West Texas Intermediate crude futures were at $76.73 a barrel, up 13 cents, ahead ​of the contract's expiry later on Monday. The more active August contract fell 21 cents to $75.64 a barrel. ⁠There was no settlement in the U.S. market on Friday due to a holiday.

"The decline has been driven primarily by improving prospects for ​a diplomatic breakthrough between the United States and Iran ... reviving hopes that sanctions on Iran could eventually be eased," said Sugandha Sachdeva, founder ​of SS WealthStreet, a New Delhi-based research firm.

High-ranking U.S. and Iranian officials wrapped up their first round of talks in Switzerland on Monday, mediators said. The talks began on Sunday under the terms of a memorandum of understanding reached last week to extend a tenuous ceasefire from April for at least another 60 days.

Iranian Foreign ​Minister Abbas Araqchi said his country had secured waivers for oil and petrochemical exports, the release of some frozen assets and the launch ​of a reconstruction and development plan for Iran.

"Such a development would allow nearly 1.5 million barrels per day of Iranian crude to return to international markets, ‌significantly improving ⁠global supply availability at a time when demand growth remains moderate," Sachdeva said.

'VERY REAL RISKS'

Before the talks, the number of ships that passed the Strait of Hormuz fell sharply on Sunday, shipping data showed, after Iran announced it had again closed the waterway, citing Israeli and U.S. violations of the interim peace deal.

Israeli strikes in Lebanon killed at least 20 people on Saturday, Lebanon's state news agency NNA said, one day after a ​ceasefire with Hezbollah took effect, aimed ​at halting months of escalating ⁠violence.

"Recent developments show that moving towards a more permanent deal will be challenging, with very real risks of a flare-up in hostilities during the 60-day ceasefire," ING analysts said in a note ahead of the ​announcement of the conclusion of the talks in Switzerland.

Still, oil prices fell more than 8% last week ​on hopes of more ⁠supply from the release of cargoes stranded in the Gulf and the potential lifting of U.S. sanctions on Iranian oil as part of the U.S.-Iran deal.

Over 25 million barrels of Iranian oil have passed through the virtual blockade line since Monday, the head of the National Iranian Oil Company, Hamid ⁠Bovard, told ​state TV on Sunday.

The United Arab Emirates, Kuwait and Iraq have offered more oil to customers ​in the past week.

Iraq plans to restore crude production gradually to between 4.2 million and 4.3 million barrels per day, Iraq's deputy oil minister for upstream affairs said in ​a statement on Sunday.

(Reuters)    https://www.shafaq.com/en/Economy/Oil-declines-after-US-Iran-talks-conclude

Dollar Nears 157,000 Dinars In Baghdad And Erbil

2026-06-22 Shafaq News- Baghdad/ Erbil   The US dollar opened Monday’s trading higher in Iraq, hovering around 157,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 156,700 dinars per 100 dollars, up from the previous session’s 155,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 157,250 dinars and bought it at 156,250 dinars, while in Erbil, selling prices stood at 156,600 dinars and buying prices at 156,700 dinars.

Speaking to Shafaq News, financial expert Walid Eidi attributed the recent rise primarily to market speculation and uncertainty surrounding changes in the Central Bank of Iraq's leadership, despite the continued stability of the official exchange rate. The increase, he noted, lacks strong economic fundamentals, predicting that pressures on the currency market could ease as regional tensions subside and confidence gradually returns.

https://www.shafaq.com/en/Economy/Dollar-nears-157-000-dinars-in-Baghdad-and-Erbil

Gold Prices Rise In Baghdad And Erbil

2026-06-22Shafaq News- Baghdad/ Erbil   Gold prices rose in Baghdad and Erbil on Monday, hovering around 925,000 IQD per mithqal, according to Shafaq News market survey.

Wholesale prices on Baghdad's Al-Nahr Street recorded a selling price of 922,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 918,000 IQD, up from Sunday's 908,000 IQD.

The selling price for 21-carat Iraqi gold stood at 892,000 IQD, with a buying price of 888,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 925,000 and 935,000 IQD, while Iraqi gold sold for between 895,000 and 905,000 IQD.

In Erbil, 22-carat gold was sold at 978,000 IQD per mithqal, 21-carat gold at 933,000 IQD, and 18-carat gold at 799,000 IQD.  https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-and-Erbil-2-9

Iraq Transport Minister Names Acting Ports Chief

2026-06-22 Shafaq News- Baghdad   Iraq's Transport Minister Wahab Salman al-Hassani on Monday formally appointed Alaa Abd al-Hassan Ali Obeid as acting director general of the General Company for Ports of Iraq for a three-month term, according to a document reviewed by Shafaq News.

The company oversees the Grand Al-Faw Port project, a centerpiece of Iraq's $17 billion Development Road initiative, an infrastructure corridor to link the Gulf to Europe through Iraqi territory.

The appointment takes effect from the date Obeid assumes duties and remains in force until a permanent replacement is named through the legally prescribed process.

The move formalizes an arrangement already in place since May 31, when al-Hassani relieved then-director general Farhan al-Fartousi and designated Obeid to manage the state-owned company on a caretaker basis pending the outcome of that suspension.

Al-Hassani also dismissed four department heads at the General Company for Maritime Transport, including the directors of insurance and contracts, replacing each with an acting appointee. The minister cited "requirements of work interest" as the basis for the removals.

Read more: PM Al-Zaidi targets major overhaul of Iraqi institutions

https://www.shafaq.com/en/Economy/Iraq-Transport-Minister-names-acting-ports-chief

Iraq Purchases $17M In Kuwaiti Non-Oil Goods

2026-06-22 Shafaq News- Baghdad   Iraq ranked fifth among the largest importers of Kuwaiti non-oil goods in March 2026, with imports valued at 5.24 million Kuwaiti dinars (about $17.1M), according to data released by Kuwait's Central Statistical Bureau.

The figures showed that Saudi Arabia topped the list of importers of Kuwaiti non-oil products, with imports worth 26.52 million Kuwaiti dinars (about $86.6M). It was followed by United Arab Emirates at 17.14 million dinars (about $56.0M), Jordan at 7.51 million dinars (about $24.5M), and India at 7.47 million dinars (about $24.4M).

Kuwait recorded a trade surplus of 1.768 billion Kuwaiti dinars (about $5.77B) during the first quarter of 2026, a 30.6% decline compared with the same period in 2025, amid decreases in exports, imports, and overall trade volume.

https://www.shafaq.com/en/Economy/Iraq-purchases-17M-in-Kuwaiti-non-oil-goods

Seeds of Wisdom RV and Economics Updates Monday Evening 6-22-26

Good Evening Dinar Recaps,

How Trump’s AI Proposal Could Reshape Wealth Creation in America

The White House is exploring whether Americans should directly benefit from the explosive growth of artificial intelligence, raising new questions about public ownership, investment, and the future of digital finance.]

Overview

• President Donald Trump is exploring ways for Americans to share in the wealth generated by the rapidly expanding artificial intelligence industry.

• Several proposals under discussion include government equity stakes in AI companies, public wealth funds, and citizen dividend programs.

• The debate extends beyond technology, touching on the future structure of wealth creation, national competitiveness, and financial infrastructure.

Key Developments

1. Government Equity Stakes Under Consideration

The administration is reportedly examining whether the federal government could acquire ownership stakes in leading AI companies such as OpenAI and Anthropic. Supporters argue that because AI has benefited from public research, infrastructure, and taxpayer-funded innovation, Americans should participate in the industry's long-term financial gains.

One proposal would allow companies to satisfy part of their tax obligations by issuing shares instead of cash, enabling the government to gradually build equity positions without directly investing taxpayer dollars.

2. Public Investment Could Accompany AI Expansion

Another proposal would provide government funding or incentives for AI infrastructure projects in exchange for equity ownership.

With AI companies investing hundreds of billions of dollars into data centers, semiconductor manufacturing, and advanced computing systems, supporters believe taxpayers should receive a financial return when public assistance helps build these strategic industries.

Critics, however, caution that government ownership could blur the line between regulator and investor, potentially creating conflicts of interest.

3. Public Wealth Funds and Citizen Dividends

A third concept would direct revenues generated through AI-related taxes or government investments into a national public wealth fund.

Similar to Alaska's Permanent Fund, the earnings could eventually be distributed directly to American citizens through annual dividend payments, allowing the benefits of AI-driven economic growth to be shared more broadly.

Why It Matters

Artificial intelligence is expected to become one of the largest wealth-creating technologies in modern history. As leading AI companies move toward multi-trillion-dollar valuations, policymakers are increasingly debating who should benefit from that growth.

The discussion reflects a broader shift toward ensuring that technological innovation produces shared national prosperity, rather than concentrating wealth among a relatively small number of investors and technology firms.

Why It Matters to Foreign Currency Holders

Although this proposal is centered on artificial intelligence, it also reflects the broader modernization of America's financial architecture.

As governments increasingly integrate AI, digital assets, tokenization, and advanced financial technologies into economic policy, investors following potential currency realignments and financial system reforms may view these developments as part of the continuing evolution toward a more digitally integrated global economy.

Implications for the Global Reset

• Pillar 1 : Technology

Artificial intelligence is becoming a foundational component of future economic competitiveness. Government participation in AI wealth creation signals a growing recognition that strategic technologies may become national financial assets.

• Pillar 2 : Assets

The discussion introduces new ideas about public ownership, sovereign investment, and wealth distribution, suggesting governments may increasingly seek ways to ensure citizens participate in the appreciation of critical digital industries.

Closing Thoughts

No formal proposal has yet been introduced, and significant legal, political, and economic hurdles remain before any government ownership model could be implemented.

However, the conversation itself marks an important shift. Rather than asking whether AI will create enormous wealth, policymakers are increasingly asking who should ultimately benefit from it.

This is not just about artificial intelligence—it reflects the growing debate over who will own, benefit from, and help shape the next generation of the global digital economy.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters – Reporting on U.S. policy discussions regarding artificial intelligence and public investment.

• Modern Diplomacy – How Could Trump Give Americans a Stake in AI Companies?

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Alan Greenspan, Longtime Chairman of the Federal Reserve, Dies at 100

Alan Greenspan, Longtime Chairman of the Federal Reserve, Dies at 100

PATRICIO CHILE Mon, June 22, 2026 at 7:15 AM EDT

Alan Greenspan, the longtime chairman of the Federal Reserve, has died, his wife confirmed. He was 100 years old.

"Alan passed away at our home this morning at the age of 100 from complications of Parkinson's Disease," Andrea Mitchell, his wife and a chief correspondent at NBC News, said in a statement published by the network on Monday.

The economist is remembered for leading the American central bank amid periods of historic U.S. economic expansion, while critics have also said his policies contributed to and exacerbated the mortgage crisis and financial crash of 2008.

Greenspan, a libertarian Republican, became the 13th chairman of the Board of Governors of the Federal Reserve System two months before the stock market crash on Oct. 19,1987, known as Black Monday. He was credited with moving quickly to alleviate investors' fears after the crash and was instrumental in ensuring the Federal Reserve made plenty of money available to alleviate the impact on financial markets. Stocks quickly rebounded.

He was appointed Fed chair by four different presidents during his career, first by Ronald Reagan in 1987. Greenspan continued to serve as Fed chairman under presidents George H. W. Bush, Bill Clinton and George W. Bush. He steered the U.S. economy through the economic boom in the 1990s, the dotcom bubble, and the Sept. 11, 2001, terrorist attacks. His final term as chair ended on Jan. 31, 2006.

Under his leadership, the Fed fostered a distaste for regulation and promoted very low interest rates in the early 2000s -- two phenomena critics say encouraged a bubble in housing prices that eventually burst with disastrous effects on the global economy.

During his tenure, and before the financial crisis began, the nation experienced one of the longest periods of economic growth in its history.

A decorated economist, first inspired by music

Greenspan was born on March 6, 1926, in New York City, the only child of Herbert Greenspan, a stockbroker, and Rose Goldsmith Greenspan, a retail worker. His parents divorced when he was 4 years old, and he was raised mainly by his mother and his grandparents.

An aspiring musician, Greenspan attended Juilliard for a year and played saxophone and clarinet before dropping out and enrolling at New York University. He went on to gain his bachelor's, master's and doctoral degrees in economics from New York University. He also engaged in some advanced graduate work at Columbia University in New York, where he studied under the influential economist Arthur Burns.

Though short-lived, his music career was an influential portion of Greenspan's life, and he considered the move into economics a logical progression. He saw the organization of economic data into sound fiscal modeling as analogous to the organization of musical notes into tunes, according to Greenspan biographer Justin Martin in his book, "Greenspan: The Man Behind Money."

"I get the same kind of joy from solving a hard mathematical problem as I do from hearing a Haydn quartet," Greenspan once told The New York Times Magazine.

Greenspan taught economics at NYU between 1953 and 1955 and then founded the economic consulting firm Townsend & Greenspan, where he served as chairman and president from 1954 to 1974. He returned to the firm in 1977 and stayed until 1987.

President Richard Nixon nominated Greenspan to chair the President's Council of Economic Advisers in 1974, the first of many government economic positions he would hold. Nixon resigned as president hours after Greenspan was nominated, but he continued to serve under President Gerald Ford. Greenspan also served as a member of President Ronald Reagan's Economic Policy Advisory Board and was a consultant to the Congressional Budget Office.

In the private sector, Greenspan served as corporate director for many companies, including Alcoa, General Foods and J.P. Morgan & Co. He also served as a member of Time magazine's Board of Economists and a senior adviser to the Brookings Panel on Economic Activity.

In 2002, Greenspan received an honorary knighthood from Queen Elizabeth II in recognition of his contribution to global economic stability. In 2005, President George W. Bush presented Greenspan with the Presidential Medal of Freedom.

He held the position of Fed chairman from the time Reagan appointed him in 1987 until 2006, serving an unprecedented five terms under four presidents before being succeeded by Ben Bernanke.

Greenspan is credited by many with facilitating the longest economic expansion in U.S. history. One day after the Black Monday stock crash, Greenspan affirmed the Fed's "readiness to serve as a source of liquidity to support the economic and financial system" and the central bank moved to encourage banks to lend on their normal terms. Unlike prior financial crises, the events of Black Monday notably were not followed by an economic recession or a banking crisis and less than two years later, the U.S. stock market surpassed its pre-crash highs.

During his tenure, Greenspan developed a reputation for being a consensus-builder and for his strong anti-inflation stance, focusing more on controlling prices than on promoting full employment. He led the Federal Reserve through several events with major economic consequences, including two U.S. recessions, the 1997 Asian financial crisis and the Sept. 11, 2001, terrorist attacks.

'How could we have possibly got it so wrong?'

Starting in June 2003, the Federal Reserve set the federal funds rate, the rate at which banks typically borrow from each other, to one percent for a year. Though its intention was to lower the cost of borrowing and stimulate the economy, critics said the rate was too low and encouraged investments in risky subprime mortgage-backed securities, which they say contributed to the financial crisis in 2008.

The National Bureau of Economic Research, a research organization seen as an authority on measuring economic performance, later said that the recession officially began in December 2007.

In September 2007, Greenspan published a book that was both a memoir and economic commentary, "The Age of Turbulence: Adventures in a New World," in which he criticized the George W. Bush administration for overspending and admitted that he supported the administration's tax cuts without stressing the need for spending cuts.

In an interview with Bloomberg Businessweek in August 2012, Greenspan said, "one day before Lehman Brothers crashes, conventional wisdom was not even certain that we would fall into a recession."

"In fact, we learned many months later that the downward trend had actually started," Greenspan said. "How could we have possibly got it so wrong? I mean, I actually was saying, 'Yes, recession is coming, not that we're here yet.' We didn't know that it had already hit."

In October 2008, Greenspan acknowledged to a congressional committee discussing financial regulation that, "I made a mistake in presuming that the self-interests of organizations, specifically banks and others, were such as that they were best capable of protecting their own shareholders and their equity in the firms."

To Continue Reading   LINK

A source reveals to Al-Mustaqilla: The government is moving towards removing three zeros from the Iraqi dinar and issuing a new currency.

KTFA:

Clare:  A source reveals to Al-Mustaqilla: The government is moving towards removing three zeros from the Iraqi dinar and issuing a new currency.

June 21, 2026  3:44 pm

Al-Mustaqilla - A source told Al-Mustaqilla that the Iraqi government, headed by Ali al-Zaidi, is moving towards studying and implementing a major economic project related to removing three zeros from the Iraqi currency, as part of a package of monetary reforms aimed at restructuring the financial system and facilitating daily transactions.

PiAccording to the source, the project also includes a move towards gradually issuing a new Iraqi currency, while maintaining the real value of the dinar without any change in purchasing power, if the plan is officially implemented by the Central Bank of Iraq.

Is it a reformist step or a cosmetic change?

This proposal comes at a time when the Iraqi economy is facing multiple challenges, most notably:

Continued heavy reliance on oil revenues

Exchange rate fluctuations against the dollar

Inflation of the money supply and expansion of the circulating money supply

Weak confidence in the banking system

Experts believe that the “removing zeros” project is usually classified as currency redomination but rather aims to simplify the numbers and facilitate daily financial transactions.

International experiences and local concerns

The experiences of other countries indicate that such steps may technically succeed in simplifying the monetary system, but they require economic stability and high confidence in the banking sector to ensure that there is no market disruption.

Conversely, experts warn that any ill-conceived application could lead to:

Price confusion during the transition period

Citizens fear a loss of value

Difficulties in temporarily controlling the money market

Iraq's economy: between reform and pressures

This debate comes at a time when Iraq is trying to balance financial reforms with the pressure of economic challenges, making the currency issue one of the most sensitive issues in the next stage, especially if the transition to a new currency actually takes place.

Between supporters who consider the move a “necessary update” and opponents who see it as “more cosmetic than a radical reform,” the final decision remains linked to the readiness of financial institutions and their ability to manage the transition without economic shocks.

Is this the beginning of an actual change in the form of the Iraqi dinar? Or just a new debate within monetary policy circles?

GOOGLE TRANSLATION OF THE BOTTOM PICTURE WITH THE 25 NOTE IN IT:  

A private source. God is great. Ali al-Zaidi's government is moving towards implementing a project to remove three zeros from the Iraqi currency, with a plan to issue a new Iraqi currency in the coming period. 25,000 Saturday Al-Alwan Stan 25,000

Pure bitterness Financial 25,000 To the colors of the garden 25,000 Five and you feel five and eyelids 25,000 23,000 25

The Central Bank of Iraq 25 Twenty-five dinars 25 Is it time to restructure the Iraqi dinar?

Strengthening confidence in the national economy and attracting investments Facilitating local and international payment and transfer  operations Raising the purchasing power of citizens and reducing inflation Facilitating accounting, financial, and commercial transactions Strengthening the value of the dinar and improving monetary stability and a step towards a stronger economy... and a dinar that reflects the value of Iraq and its future   LINK

Iraq Economic News and Points To Ponder Monday Afternoon 6-22-26

Judge Zeidan Discusses Strengthening Financial Stability With Central Bank Governor Nizar Nasser

Money and Business Economy News — Baghdad The head of the Supreme Judicial Council, Judge Faiq Zaidan, discussed on Monday with the new governor of the Central Bank, Nizar Nasser, ways to enhance financial stability and support legal procedures.

A statement from the Supreme Judicial Council, received by "Al-Eqtisad News," stated that "the President of the Supreme Judicial Council received the new Governor of the Central Bank, Nizar Nasser, and congratulated him on assuming his position, wishing him success in his duties."

The statement indicated that "Judge Zeidan discussed with the Governor of the Central Bank a number of files of common interest related to strengthening financial stability and supporting the legal procedures of the Central Bank."

https://www.economy-news.net/content.php?id=70544

Gold Rises After Progress In Talks Between Washington And Tehran

Money and Business Economy News — Follow-up Gold prices rose on Monday from their lowest level in more than a week, reached in the previous session, as oil prices fell after Iran indicated progress in peace talks with the United States, although expectations of an interest rate hike following hawkish signals from the US Federal Reserve weighed on the precious metal's performance outlook.

Gold rose 0.9% in spot trading to $4,197.41 per ounce by 02:38 GMT, after falling on Friday to its lowest level since June 11. U.S. gold futures for August delivery fell 0.7% to $4,215.90.

The first round of talks between senior US and Iranian officials in Switzerland ended on Monday, and Iran's Press TV quoted the Iranian Foreign Ministry spokesman as saying that good progress had been made.

A joint statement issued by the two mediating countries, Qatar and Pakistan, said that the United States and Iran had agreed on a roadmap to reach a final agreement within 60 days.

Edward Meir, an analyst at Marex, said, "The current situation in Switzerland is very different from what it was a few hours ago when the two sides were fighting, but now it seems that they are making some progress."

He added, "We will continue to trade in line with geopolitical trends for a little longer, but the situation is fluid, so it is probably best to observe developments from the sidelines for the time being."

Meanwhile, Federal Reserve Chairman Kevin Warsh's focus on inflation at last week's press conference, without any more nuanced comments about what might open the door to an interest rate hike, led investors to conclude that a rate increase was imminent.

According to the CME Group's Fidwatch tool, traders see an 89% chance of an interest rate hike in December, compared with 61% before the US Federal Reserve meeting.

As for other precious metals, silver rose 1.8% in spot trading to $66.10 an ounce, platinum gained 0.2% to $1,667.97 and palladium climbed 1% to $1,270.41. https://www.economy-news.net/content.php?id=70543

Iran Cuts Oil Prices To Attract Buyers After Resuming Exports Through The Strait Of Hormuz

energy Iran has significantly reduced the prices of its crude oil offered for sale to China, in an attempt to accelerate the disposal of supplies after resuming oil exports through the Strait of Hormuz following the interim agreement with the United States.

According to Bloomberg data, July delivery shipments of Iranian light crude are being offered at discounts of between $2.50 and $5 per barrel compared to the price of Brent crude, compared to discounts that were around $1 before the agreement.

Shipping data shows that 11 oil tankers left Iran’s Chabahar port in recent days, carrying about 20 million barrels.

China accounts for about 90% of Iranian oil exports, often through indirect trade channels or under alternative shipping names.

Meanwhile, estimates indicate that there are approximately 121 million barrels of Iranian oil stored on tankers in the Gulf and other areas, a 5% increase from the week prior to the agreement. https://www.economy-news.net/content.php?id=70590

Iraq, Jordan And Egypt Affirm Their Commitment To Implementing The Outcomes Of The "Tripartite Cooperation"

Localities Iraq, Jordan, and Egypt affirmed on Monday their commitment to implementing the outcomes of the tripartite cooperation mechanism and strengthening economic integration.

The Iraqi Ministry of Foreign Affairs stated in a press release, "Foreign Minister Fuad Hussein held extensive talks today, Monday, with Jordanian Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi and Egyptian Minister of Foreign Affairs, Immigration, and Egyptian Expatriates Badr Abdel-Aty, on the sidelines of the Arab Consultative Meeting and the resumed 165th regular session of the Council of the League of Arab States at the ministerial level, held in the Jordanian capital, Amman."

According to the statement, the talks included "reviewing the paths of joint cooperation among the three countries within the framework of the tripartite cooperation mechanism, and discussing ways to enhance the strategic partnership and expand areas of economic, trade, and investment cooperation, in a manner that contributes to achieving the common interests of the peoples of the three countries."

The ministers emphasized "the importance of continuing coordination and consultation among Iraq, Jordan, and Egypt, activating the outcomes of previous tripartite meetings, and accelerating the implementation of joint projects, in order to strengthen economic integration and support sustainable development efforts in the region."

The ministers exchanged views on the most prominent regional and international developments, stressing the importance of strengthening joint Arab action, supporting efforts aimed at consolidating security and stability, and addressing the challenges facing the region through dialogue, cooperation and continuous coordination.

https://www.economy-news.net/content.php?id=70589

Seeds of Wisdom RV and Economics Updates Monday Afternoon 6-22-26

Good Afternoon Dinar Recaps,

China Targets Strategic U.S. Defense and Technology Sectors as Trade Tensions Escalate

Beijing has ended its recent trade truce with Washington by imposing sweeping sanctions on dozens of U.S. defense and technology companies, intensifying competition over rare earth minerals, advanced manufacturing, and global supply chains.

Overview

• China has officially ended its trade truce with the United States, imposing new sanctions on American defense, aerospace, robotics, and rare earth companies.

• The measures include export restrictions on critical dual-use technologies and procurement bans affecting dozens of U.S. firms.

• The escalation highlights growing geopolitical competition over strategic resources that support artificial intelligence, semiconductors, defense systems, and advanced manufacturing.

Key Developments

1. China Restricts Critical Exports to U.S. Companies

Beijing announced that ten American companies involved in defense, robotics, and rare earth development will no longer receive exports of Chinese dual-use products—materials and technologies that have both civilian and military applications.

Among those reportedly affected are USA Rare Earth, Red Cat, and AVEOX, companies involved in domestic rare earth processing, tactical drone development, and advanced electromechanical systems.

China also ordered that all existing export activities to these entities cease immediately, signaling a more aggressive use of supply chains as a geopolitical tool.

2. Procurement Ban Expands Economic Pressure

In addition to export restrictions, China's Ministry of Finance issued new directives prohibiting government agencies and public institutions from purchasing products from 46 American companies operating in aerospace, defense, and advanced technologies.

The reported list includes divisions or subsidiaries associated with Lockheed Martin, RTX (formerly Raytheon Technologies), Boeing Defense, General Dynamics, and Sierra Nevada Corporation.

The action significantly broadens China's response beyond trade by targeting future commercial opportunities within China's public sector.

3. Rare Earths Become a Strategic Battleground

The latest measures follow U.S. actions earlier this month that expanded restrictions on several Chinese technology firms.

China currently accounts for approximately 60% of global rare earth production and nearly 90% of global refining capacity, giving Beijing considerable leverage over industries dependent on these materials.

Rare earth elements are essential for manufacturing:

• Semiconductors

• Artificial intelligence hardware

• Electric vehicles

• Defense systems

• Advanced electronics

• Renewable energy technologies

The dispute underscores how control of critical minerals has become an increasingly important element of national security and industrial policy.

Why It Matters

The conflict extends far beyond tariffs. It reflects an intensifying competition over technological leadership, manufacturing independence, and strategic resource control.

As governments increasingly treat supply chains as national security assets, businesses and investors face growing uncertainty surrounding access to essential materials, production costs, and long-term investment planning.

Why It Matters to Foreign Currency Holders

For those following potential global monetary restructuring, the dispute highlights the continued fragmentation of international trade and finance.

As nations pursue greater resource security, industrial independence, and alternative supply networks, these developments reinforce broader trends toward regional economic blocs, strategic reserve accumulation, and diversification away from highly concentrated global supply chains.

Implications for the Global Reset

• Pillar 1 – Trade

The sanctions demonstrate how trade is increasingly being shaped by geopolitical strategy rather than traditional market economics, accelerating the restructuring of global supply chains.

• Pillar 2 – Assets

Control of critical minerals and advanced manufacturing capabilities is becoming a strategic national asset, reinforcing the importance of commodities, industrial infrastructure, and resource security in the evolving global financial system.

Closing Thoughts

China's latest sanctions mark another significant escalation in the ongoing strategic competition between the world's two largest economies.

While the immediate effects will likely be felt across defense and technology industries, the longer-term consequences could reshape global manufacturing, investment flows, and access to critical raw materials for years to come.

This is not just about trade—it reflects the accelerating race for control of the technologies, resources, and industrial capacity that will shape the next era of global economic power.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• CoinTribune – China Targets Strategic U.S. Defense and Technology Sectors

• Reuters – Coverage of U.S.-China trade tensions, export controls, and rare earth supply chain developments.

~~~~~~~~~~

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Thank you Dinar Recaps

Monday Iraq News posted by Tishwash at TNT 6-22-2026

TNT:

Tishwash:  The Central Bank Governor assumes his duties and reviews the bank's operations.

The newly appointed Governor of the Central Bank of Iraq, Mr. Nizar Nasser, officially assumed his duties, accompanied by his predecessor, Mr. Ali Mohsen Al-Alaq.

They conducted a field visit to various offices and departments within the Central Bank to observe operations and understand the nature of the tasks and responsibilities carried out by the different divisions and directorates.

During his tour, Mr. Nasser emphasized the importance of continuing institutional work and enhancing performance efficiency to achieve the Central Bank of Iraq's objectives and consolidate financial and monetary stability.

He also commended the efforts made during the previous term under the leadership of his predecessor, Mr. Ali Mohsen Al-Alaq, and the achievements that contributed to developing the banking sector and strengthening the national economy.

Baghdad - Media Office, 
Central Bank of Iraq, 
June 22, 2026  link

Tishwash:  Al-Zaydi intends to complete the formation of the Iraqi government before visiting Washington.

 from Kurdish news

Federal Prime Minister Ali al-Zaidi intends to complete the formation of the government in the first half of July before his anticipated visit to Washington to meet with US President Donald Trump, an official spokesman announced on Sunday, June 21, 2026.

The full cabinet was expected to include 23 ministers, but in mid-May, al-Zaydi presented a list of 14 names, which won parliamentary approval and began its work. Since then, negotiations have been ongoing, hampered by political disagreements over the remaining portfolios, most notably the Interior and Defense ministries.

Government spokesman Haider al-Aboudi said in his weekly press conference that "the cabinet will be completed in the first half of July, before the Washington visit."

Al-Zaidi is expected to visit the White House after that period at the invitation of Trump, in his first visit abroad since taking office and pledging to restrict the weapons of armed groups, which is what Washington is pressuring Baghdad to achieve.

A security official said that al-Zaydi's government is working on "implementing a specific roadmap before the Washington visit" that includes making progress in forming the government and appointing new occupants to senior positions.

Washington had suspended, in response to attacks by Iraqi armed groups on American interests during the Middle East war, cash payments of Iraqi oil revenues that it receives under an agreement concluded after the American invasion, in addition to security assistance.

A US official said last month that Washington was looking for "concrete steps" from al-Zaydi to remove factions from state institutions before aid could be resumed.

Two weeks ago, the Asaib Ahl al-Haq and Kataib al-Imam Ali factions announced that they had handed over the administration of their armed brigades within the Popular Mobilization Forces to the Iraqi government, while other factions, most notably Kataib Hezbollah, Kataib Sayyid al-Shuhada and Harakat al-Nujaba, are holding onto their weapons as long as the international coalition led by Washington to fight the Islamic State remains in northern Iraq until September.

The Popular Mobilization Forces (PMF) were formed in 2014 from Iraqi armed groups to fight jihadists and later became part of the military establishment. However, they also include brigades affiliated with factions allied with Tehran that operate independently and have launched attacks on American interests, prompting deadly retaliatory strikes from Washington.

Baghdad confirms that one of the most prominent issues that al-Zaidi intends to discuss in Washington is the economic file, at a time when Iraq, which is recovering from conflicts that destroyed its infrastructure, is seeking to attract huge investments, especially in the oil sector. link

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

Tishwash:  An economic expert warns via Nina against removing zeros... Iraq needs to eliminate the causes of deficit, waste, and corruption.

Former MP and economic expert Hussein al-Falluji warned against rushing the implementation of the project to remove three zeros from the Iraqi dinar and replace the currency, stressing that "this measure will not raise the real value of the dinar, increase the purchasing power of citizens, or address the deep imbalances plaguing the Iraqi economy."

In a statement to the National Iraqi News Agency , al-Falluji said , "Removing zeros is merely a nominal and accounting change to the monetary unit, whereby 1,000 dinars become one new dinar, while prices, salaries, deposits, and debts are changed proportionally, without any real increase in wealth or income." He added,

"The danger lies in presenting this measure to the public as an economic reform or a means to strengthen the dinar, while the strength of a currency is not determined by the numbers printed on it, but rather by the strength of production, the stability of public finances, the volume of exports and foreign reserves, confidence in the banking system, and the ability to control inflation and the deficit."

The economic expert pointed out that "replacing the currency under the current circumstances could lead to market instability, exploitation of the currency conversion process to artificially inflate prices, and increased speculation on the dollar and gold, in addition to the significant costs of printing the new currency, withdrawing the old, and upgrading banking and accounting systems and ATMs."

He explained that "Iraq does not suffer from a crisis regarding the form of the dinar or the number of zeros, but rather from a structural economic and financial crisis, characterized by excessive reliance on oil revenues, inflated current expenditures and the public sector wage bill, weak non-oil revenues, poor collection of taxes, fees, and services, declining domestic production, and a weak private sector and banking system." He emphasized that "removing zeros will not change this equation. If the state is spending 100 trillion dinars and collecting limited local revenues, after removing the zeros it will spend an additional 100 billion dinars, while the deficit and financial imbalance will remain the same."

Al-Falluji called on the government and the Central Bank to refrain from seeking "emotional or propagandistic" measures that give the public a temporary impression of currency strength. Instead, he urged them to focus on a serious economic reform program that begins with reforming public finances, controlling spending, developing local revenues, reforming the dinar income cycle, developing the banking sector, stimulating industry and agriculture, and reducing dependence on imports.

He added, "Removing zeros should be a result of actual economic and monetary stability, not a superficial means of creating this stability. Iraq needs to eliminate the causes of deficits, waste, corruption, and weak production before removing zeros from its currency." It is worth noting that government spokesman Haider al-Aboudi confirmed in a statement to the official newspaper that the government and the Central Bank of Iraq are adopting a flexible economic approach regarding the exchange rate policy of the US dollar against the Iraqi dinar, which currently stands at 1,557 dinars.

Al- Aboudi explained in a press statement that "this policy is based on achieving the national interest and enhancing economic stability, and can be described as an exchange rate policy consistent with the requirements of economic growth."

He pointed out that this approach seeks to achieve a carefully considered balance between the exchange rate and GDP, reflecting the true strength of the national economy and its structural characteristics, and ensuring the stability of macroeconomic indicators.

He explained that the monetary policy authorized by the Central Bank of Iraq under its law is consistent with the government's general directions, which are based on strengthening economic solutions and activating the tools for sustainable growth.   link

Tishwash: Economic expert: The risk of a blacklist remains if Iraq's commitments are delayed.

 Economic expert Manar Al-Obaidi confirmed on Saturday (June 20, 2026) that the risk of being blacklisted still exists if Iraq's commitments are delayed.

Al-Obaidi said in an analysis seen by “Baghdad Today” that “Iraq is on the right track in the fight against money laundering and terrorist financing, following the recent statement issued by the Financial Action Task Force (FATF), while warning at the same time of the risks of laxity in implementing the agreed obligations.”

He added that "Iraq's continued participation in the cooperative process with the Financial Action Task Force through an agreed joint action plan reflects its continued integration into the international financial system and the preservation of its banking relationships, without imposing any countermeasures against it."

He explained that "this development is a positive indicator, but it does not mean the end of the challenges," stressing that "the next stage requires serious work to implement anti-money laundering laws in all their forms in all governorates and regions without exception."

He added that "the responsibility for accomplishing this task lies with various parties, starting with the executive bodies concerned with enforcing the law and implementing procedures, passing through the legislative bodies that are responsible for completing the necessary legal frameworks, and reaching the community and the private sector through promoting awareness, commitment and reporting of violations."

Al-Obeidi warned that “failure to implement the agreed-upon procedures within the specified timeframes could expose Iraq to significant losses and increase the likelihood of its being placed on the blacklist, which would have negative repercussions on the financial sector and the national economy in general.”

He pointed out that "the opportunity is still available for Iraq to complete the requirements of financial reform, stressing that neglecting it will have a high cost to the state and citizens."

Al-Obaidi praised "the efforts of the official bodies that contributed to strengthening cooperation with international institutions, foremost among them the Anti-Money Laundering and Counter-Terrorism Financing Office and its professional staff," noting that "the role played by the office in the recent negotiations was a key factor in avoiding Iraq being included on the blacklist."  link

Iraq Economic News and Points To Ponder Late Sunday Evening 6-21-26

The Iraqi Government: There Are No Plans To Change The National Currency Or Remove Three Zeros From The Iraqi Dinar

The Iraqi government today reiterated that there are no plans to change the national currency or remove three zeros from the Iraqi dinar, while denying any intention to borrow externally to meet current economic challenges.

Government spokesman Haider al-Aboudi said in a statement that the news circulating about the imminent removal of three zeros from the Iraqi currency or the revaluation of the dinar and the adjustment of the dollar exchange rate is not based on any official decisions, stressing that the government does not have any project in this direction at the present time.

He added that the existence of quantities of printed banknotes is not related to procedures for changing the currency or modifying its value, noting that managing the money supply and determining its value are subject to the monetary policy of the central bank and the competent authorities.

Regarding the financial situation, Al-Aboudi stressed that the government does not intend to resort to internal or external borrowing to address the current pressures, explaining that what Iraq is going through falls under a temporary liquidity crisis imposed by recent regional changes, and not a structural financial crisis.

He pointed out that Iraq has significant economic potential and financial resources that enable it to overcome this stage, and that the government is continuously monitoring economic developments and taking measures to maintain financial stability and secure the state’s basic obligations.  Added 2026/06/21 - 7:42 PM https://www.economy-news.net/content.php?id=70536

Al-Kinani Reveals A Government Plan To Raise The Dollar Exchange Rate To 165,000 Next September.

 Baghdad Today – Baghdad   On Sunday (June 21, 2026), MP Ahmed Salim Al-Kinani, from the State of Law Coalition, revealed an anticipated government plan to raise the exchange rate of the US dollar to between 160,000 and 165,000 Iraqi dinars per 100 dollars, instead of the current rate of 132,000 dinars.

Al-Kinani said in a press statement, which was followed by “Baghdad Today”, that “this measure, which is expected to be implemented in September of this year (2026), comes as a necessary step that the government resorts to in order to secure operational expenses, foremost among which are the salaries of state employees and allocations for the social welfare network.” 

Al-Kinani warned of the "direct negative repercussions of this decision on the living conditions of citizens, especially those with limited income." 

He pointed out that "this trend will coincide with the imposition of additional customs duties of (15%) and a sales tax of (3%), which will negatively and directly affect the purchasing power of the Iraqi citizen as a result of the expected rise in prices."

Video link

https://baghdadtoday.news/301852-165.html

Iraq Rejects External Borrowing, Bets On Alternative Revenues

2026-06-21 / 05:35 Shafaq News- Baghdad    Iraq will not resort to external borrowing to address current financial challenges, government spokesperson Haider Al-Aboudi said on Sunday, stressing that the country's fiscal situation would be resolved through alternative measures.

 He told Shafaq News that the Oil Ministry is pursuing a strategy to diversify revenue sources, pointing to the launch of a new exploratory well in northern Iraq as a step toward increasing state income.

Iraq's economy depends on oil for between 90% and 95% of state revenues, making any disruption to exports a direct challenge to financing government spending, including salaries, pensions, and social welfare programs.

Read more: Iraq's rentier economy: Risks and reforms

The recent conflict involving the United States, Israel, and Iran disrupted shipping through the Strait of Hormuz, reducing Iraqi exports to less than 800,000 barrels per day and causing estimated losses of $128 million daily, according to Eco Iraq.

Read more: Iraq’s oil bottleneck: Abundance trapped by dependency

https://shafaq.com/en/Economy/Iraq-rejects-external-borrowing-bets-on-alternative-revenues

Dollar Gap Persists Despite Official Rate As Iraq Awaits Customs Reforms And Washington Talks

Mohammed Jangadost   Despite the Central Bank of Iraq maintaining the official exchange rate of the Iraqi dinar, a significant gap between the official and market rates of the U.S. dollar continues to raise concerns among traders, businesses, and citizens, while attention increasingly turns to the implementation of the ASYCUDA customs system and upcoming economic discussions in Washington.

Persistent Gap Between Official and Market Rates

During the first half of the year, the Iraqi dinar experienced continued volatility against the U.S. dollar, with the market exchange rate fluctuating between 150,000 and 155,000 dinars per $100. In contrast, the Central Bank of Iraq has maintained the official exchange rate at 132,000 dinars per $100.

The discrepancy of approximately 23,000 dinars between the official and parallel market rates has fueled uncertainty among importers and consumers. Market participants are closely watching whether the implementation of new customs and trade procedures will help reduce the dollar's market value below 150,000 dinars or whether continued pressures could push the exchange rate toward 160,000 dinars per $100.

Government Position and Washington Discussions

The Iraqi government has not issued any official statement regarding a possible adjustment to the dinar's exchange rate. Economic issues are expected to feature prominently during upcoming discussions in Washington, where Iraqi officials are anticipated to address financial challenges, budgetary pressures, and measures to strengthen the country's monetary stability.

Government advisers have stated that no formal discussions are currently underway regarding a devaluation of the dinar, despite previous recommendations from some international financial institutions that exchange-rate adjustments could help address fiscal imbalances.

Budget Deficit Pressures

Iraq is facing mounting fiscal pressures amid regional instability and disruptions to global energy markets. According to official estimates, the country recorded a budget shortfall exceeding 6.6 trillion dinars during the first four months of the year.

While adjusting the exchange rate is viewed by some economists as a potential means of reducing the budget deficit and securing government salary payments, such a move carries considerable risks, including higher inflation, increased consumer prices, and greater pressure on household incomes.

Inflation and Demand for Dollars

Inflationary pressures have also intensified. Iraq's annual inflation rate stood at 2.2 percent in April before rising to 4.3 percent in May, reflecting increasing costs in several sectors.

Demand for U.S. dollars remains elevated, with approximately 85 percent of market demand linked to commercial imports and trade activities. The remaining demand comes from individuals seeking dollars for personal needs, including mortgage and vehicle payments, travel expenses, and savings.

ASYCUDA System Seen as Potential Solution

Business leaders believe the implementation of the ASYCUDA customs system could help ease pressure on the foreign exchange market by facilitating access to official dollars for importers.

Aram Baban, a member of the Chamber of Commerce, said the participation of Kurdistan Region traders in the Central Bank's electronic platform remains slow, forcing many businesses to purchase dollars through the parallel market at rates reaching 155,000 dinars per $100.

Meanwhile, Nawzad Sheikh Kamil, Director General of Trade in the Kurdistan Region, said regional authorities have submitted a memorandum to Baghdad seeking the implementation of the ASYCUDA system.

Under the proposed arrangement, traders in the Kurdistan Region would no longer need to travel to Baghdad to complete currency transactions. Instead, after submitting invoices and required documentation, they would be able to obtain dollars at the official exchange rate within the region, a measure officials believe could help reduce demand in the parallel market and contribute to lowering the market price of the dollar.

Economists and market participants are now closely watching both the implementation of the new customs system and the outcome of upcoming economic discussions with U.S. officials, which could play a significant role in shaping Iraq's exchange-rate outlook in the months ahead.

Dollar Gap Persists Despite Official Rate as Iraq Awaits Customs Reforms and Washington Talks

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Unified Iraq, Kurdistan Region customs system to boost economy: Iraqi PM advisor

Jun. 20, 2026 •  "Its effects extend in the medium term to improving the business environment, enhancing investor confidence and reinforcing the principle of the unity of the Iraqi market," said Madher Mohammed Salih.

ERBIL, Kurdistan Region of Iraq - A financial advisor to Iraqi Prime Minister Ali al-Zaidi on Saturday said that unifying the customs systems between the federal government and the Kurdistan Region will strengthen Iraq's economic reform program and improve the management of non-oil revenues, coming after Baghdad and Erbil reached a technical agreement on the implementation of the ASYCUDA apparatus.

 “The importance of unifying customs systems lies in reducing cases of customs evasion resulting from differences in procedures and tariffs between border crossings,” Madher Mohammed Salih told Iraqi state media.

 The comments come days after representatives from the Kurdistan Regional Government (KRG) and the Iraqi federal government reached a technical agreement on implementing the Automated System for Customs Data (ASYCUDA) at border crossings in the Kurdistan Region.

 The two sides agreed on a draft mechanism during talks in Baghdad, though several issues remain unresolved, and the agreement still requires approval by Iraq's Ministerial Council for Economy.

 Salih added that the measure would also improve the “collection of trade data by creating unified databases for imports and exports,” providing policymakers with more accurate information and supporting more effective economic and financial policies.

 He said implementation would require “adopting unified electronic systems for customs collection and clearance” and linking border crossings to a central database capable of tracking goods in real time, alongside greater coordination between federal and regional authorities.

 The reform would help increase non-oil revenues by expanding the customs base, reducing financial leakages, and closing loopholes that have allowed inconsistencies in fees and procedures, he added.

“Its effects extend in the medium term to improving the business environment, enhancing investor confidence and reinforcing the principle of the unity of the Iraqi market,” the financial adivsor concluded.

ASYCUDA is a wholly digitalized border control system whose software was developed by the UN Conference on Trade and Development (UNCTAD).

 According to its website, the mechanism "handles manifests and customs declarations, along with accounting, transit and suspense procedures. It also generates trade data that can be used for statistical economic analysis."

The federal government have already adopted the system, with Erbil having previously requested more time before agreeing to implement it on Thursday should the technical agreement be approved.

 One of the main outstanding disputes is Baghdad's proposal that all customs revenues be transferred to the federal treasury before a portion is returned to the Kurdistan Region, a plan Erbil has yet to endorse, wishing instead that the Region will receive the full sum before depositing the adequate amount to the Iraqi exchequer.

 Iraqi Finance Minister Faleh al-Sari previously described the unification of customs systems with the Kurdistan Region as “a strategic step aimed at increasing revenues, strengthening oversight, and reducing 

https://thenewregion.com/posts/5678

An Economy On The Brink Of Oil Dependency: Calls To Break Free From Rentierism And Save Iraq From Market Shocks - Urgent

 Baghdad Today – Baghdad   Economic experts warn against Iraq’s continued reliance on oil as the almost sole source of funding for the public treasury, stressing that the absence of effective plans to diversify revenues has kept the country hostage to the fluctuations of energy markets and has reinforced the fragility of the rentier economy in the face of financial crises.

MP Mukhtar al-Moussawi told Baghdad Today on Sunday (June 21, 2026) that Iraq still relies on oil for nearly 90% of its treasury revenues, despite repeated warnings about the dangers of this dependence, especially with the sharp fluctuations in crude oil prices that have caused great pressure on the general budget in recent years.

Salaries Are Eating Up The Budget

Al-Moussawi explained that employee salaries account for the largest share of government spending, which increases the fragility of the financial situation and reduces the state's ability to direct funds towards development and investment projects.

He pointed out that raising the percentage of non-oil revenues to 30% of GDP has become an urgent necessity, and should reach 40% in the future to build a more balanced economy capable of facing crises, stressing that corruption and financial waste are still among the most prominent obstacles to economic reform.

Outlets, Taxes, And Wasted Resources

For his part, economist Ali Al-Masoudi confirmed on Saturday (June 20, 2026) that non-oil revenues are still below the desired level despite the measures announced by successive governments during the past years.

He added that activating electronic automation, reforming the work of border crossings, developing the tax system and addressing corruption in customs institutions could significantly increase the volume of public revenues and provide stable financial resources away from the fluctuations of oil prices.

Weak Oversight

Al-Masoudi explained in a statement to “Baghdad Today” that the absence of accurate databases and weak financial oversight lead to significant losses in public revenues, questioning the size of resources generated from border crossings, taxes, and government fees, and the extent of their actual impact on the level of services provided to citizens.

He stressed that tackling corruption and making bold decisions to manage financial resources are essential conditions for any real economic reform, warning that continued dependence on oil will keep the Iraqi economy vulnerable to financial shocks no matter how much oil revenues temporarily rise.

For decades, Iraq has relied on oil export revenues to finance the bulk of its public budgets, while the contribution of other productive sectors, such as agriculture, industry and tourism, to the gross domestic product remains limited.

With the recurring crises related to fluctuating global oil prices, calls are escalating for the adoption of comprehensive economic reforms aimed at diversifying income sources and enhancing non-oil revenues to ensure the stability of public finances and reduce dependence on a single resource. https://baghdadtoday.news/301802-.html