Seeds of Wisdom RV and Economics Updates Sunday Morning 6-28-26

Iran Strikes Bahrain and Kuwait as U.S. Expands Military Action Near Strait of Hormuz

The conflict between the United States and Iran intensified sharply on Day 121 of the war as Iran launched attacks targeting U.S. military facilities in Bahrain and Kuwait following a second consecutive day of American strikes along Iran’s southern coastline.

Overview

• Iran launched missiles and drones toward U.S. military facilities in Bahrain and Kuwait after renewed American strikes near the Strait of Hormuz.

• Regional tensions escalated as Bahrain activated emergency sirens and Gulf states condemned the attacks.

• The latest violence is placing additional pressure on the fragile U.S.-Iran Memorandum of Understanding (MoU) and broader regional peace efforts.

Key Developments

1. U.S. Conducts Second Day of Strikes

The United States carried out a second round of military strikes targeting locations in Sirik, Bandar-e Lengeh, and Qeshm Island along Iran's southern coast.

According to U.S. officials, the attacks were launched in response to recent threats against commercial shipping near the Strait of Hormuz, one of the world's most important maritime energy corridors.

The strikes come as Washington continues efforts to maintain freedom of navigation through the strategic waterway.

2. Iran Responds With Attacks on Gulf-Based U.S. Facilities

Iran's Islamic Revolutionary Guard Corps (IRGC) announced it launched ballistic missiles and drones targeting the Ali Al Salem Air Base in Kuwait and the headquarters of the U.S. Fifth Fleet in Bahrain.

Tehran described the attacks as retaliation for U.S. military operations against Iranian territory.

A U.S. official told Reuters that no American casualties or significant damage had been reported at the time of publication.

3. Gulf States Move Into High Alert

Air raid sirens sounded across Bahrain as authorities instructed residents to seek shelter.

Kuwait confirmed its air defense systems were responding to what it described as hostile missile and drone threats.

Several Gulf nations, including Oman, Qatar, Kuwait, and the United Arab Emirates, condemned the attacks and voiced support for Bahrain.

4. Strait of Hormuz Remains Central Flashpoint

Iran continues to view the Strait of Hormuz as a strategic bargaining tool in negotiations with Washington.

Iranian analysts argue that maintaining leverage over the waterway serves as a deterrent against future military action.

The dispute over navigation rights and security arrangements remains one of the most difficult issues facing negotiators attempting to preserve the current peace framework.

5. Lebanon Agreement Faces New Challenges

While tensions escalated between Washington and Tehran, Israel and Lebanon moved forward with a U.S.-brokered framework agreement designed to reduce hostilities along their border.

Israeli Prime Minister Benjamin Netanyahu called the agreement a historic achievement and a significant setback for Iran and Hezbollah.

However, Hezbollah rejected the arrangement and declared the agreement invalid, creating new uncertainty about its implementation.

Why It Matters

The latest exchange of military action highlights how quickly the region could move from fragile diplomacy back toward broader conflict. Any prolonged disruption around the Strait of Hormuz could significantly impact global energy supplies, shipping routes, and financial markets.

Why It Matters to Foreign Currency Holders

Geopolitical instability often creates volatility across currency, commodity, and bond markets. Escalation in the Gulf region could influence oil prices, inflation expectations, central bank policies, and broader global financial conditions that currency holders continue to monitor closely.

Implications for the Global Reset

• Pillar 1 – Energy

The Strait of Hormuz remains one of the most critical energy chokepoints in the world. Continued instability threatens global oil flows, transportation costs, and inflation trends.

• Pillar 2 – Trade

Military activity near major shipping routes highlights the growing importance of secure trade corridors and may accelerate efforts to diversify global supply chains.

Closing Thoughts

The conflict has entered a dangerous new phase as both Washington and Tehran demonstrate a willingness to respond militarily while simultaneously attempting to preserve diplomatic negotiations.

Whether the current Memorandum of Understanding survives may depend on the ability of both sides to prevent further incidents from triggering a wider regional confrontation.

This is not just about military strikes—it reflects the ongoing struggle over energy security, trade routes, and geopolitical influence across one of the world's most strategically important regions.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Al Jazeera — Iran war day 121: Iran attacks Bahrain, Kuwait as US strikes near Hormuz
  
  
  

• Reuters — Middle East Conflict Coverage and Gulf Security Developments

~~~~~~~~~~

 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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Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

The Future of Gold, Money & Power: Alex Deluce & Frank Giustra

The Future of Gold, Money & Power: Alex Deluce & Frank Giustra

6-27-2026

Frank Giustra joins me for a wide-ranging discussion on what he believes is the biggest structural shift in the global monetary system in generations.

As central banks accumulate gold at record levels, sovereign debt reaches historic highs, and de-dollarization accelerates, Frank explains why the world is entering a new era—one where hard assets, monetary history, and geopolitical power are becoming increasingly intertwined.

We discuss gold, the post-1971 monetary system, central bank buying, China, BRICS, stablecoins, copper, and why he believes investors are dramatically underestimating the scale of the changes taking place.

This conversation goes far beyond mining. It explores the future of money, the erosion of trust in fiat currencies, the rise of a multipolar world, and why Frank believes we're witnessing a structural transformation that could redefine global markets for decades to come.

 If you're trying to understand where the global monetary system is headed and why gold and hard assets are becoming increasingly important this is a conversation worth watching.

https://www.youtube.com/watch?v=KjVUA7yqqIg

Seeds of Wisdom RV and Economics Updates Saturday Eve. 6-27-26

SEC and CFTC Seek Public Input on Unified Margin Rules as Crypto Derivatives Expand

U.S. regulators have launched a joint review of portfolio margin rules, signaling a possible shift toward a more unified regulatory framework as digital assets and multi-asset trading continue to reshape financial markets.

Overview

• The SEC and CFTC have opened a 60-day public comment period on harmonizing portfolio margin rules across securities and derivatives markets.

• The proposal could expand cross-margining, improve capital efficiency, and reduce regulatory fragmentation.

• The review reflects the rapid growth of cryptocurrency derivatives and increasing overlap between traditional and digital financial markets.

Key Developments

1. Regulators Launch Joint Review

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are jointly seeking public feedback on modernizing portfolio margin requirements across securities and derivatives markets.

The agencies are requesting comments on cross-margining, collateral treatment, customer protections, risk management, liquidity, and competition. The public comment period will remain open for 60 days after publication in the Federal Register.

2. What Is Cross-Margining?

Cross-margining allows offsetting positions held across multiple markets or products to be evaluated together when calculating required collateral.

Instead of requiring separate margin for each position, regulators assess the overall risk of an investment portfolio, allowing firms to use capital more efficiently while maintaining appropriate risk controls.

Supporters argue this approach could unlock billions of dollars currently tied up as excess collateral.

3. Crypto Markets Are Driving Regulatory Change

The review comes as cryptocurrency derivatives continue expanding within regulated U.S. markets.

Recent developments include:

• CFTC approval of Bitcoin perpetual futures on Kalshi.

• Coinbase Financial Markets offering institutional clients access to regulated crypto options and perpetual futures through Deribit.

• Kraken's launch of CFTC-regulated perpetual futures through its Bitnomial platform.

As crypto exchanges increasingly operate across both securities and commodity markets, regulators believe closer coordination is becoming necessary.

4. Challenges Remain

Despite growing adoption, regulators acknowledge that digital asset products do not always fit neatly within existing regulatory structures.

CFTC Chair Mike Selig recently noted that cryptocurrency perpetual futures are not a natural fit within many traditional commodity market frameworks, highlighting the need for updated regulatory approaches as financial products continue to evolve.

Why It Matters

A more unified regulatory framework could improve market efficiency, reduce regulatory overlap, lower collateral costs, and strengthen risk management across both traditional financial markets and digital asset trading. The review also signals continued cooperation between two of America's most important financial regulators.

Why It Matters to Foreign Currency Holders

Modernizing U.S. financial market infrastructure supports broader efforts to improve liquidity, settlement efficiency, and cross-market integration. These developments complement ongoing global initiatives involving digital assets, tokenization, and next-generation payment systems that many currency investors continue to monitor.

Implications for the Global Reset

• Pillar 1 – Technology

Coordinated regulation reflects the continuing modernization of financial infrastructure as traditional markets increasingly integrate with digital assets and tokenized financial products.

• Pillar 2 – Assets

More efficient collateral management and cross-market capital allocation could improve liquidity throughout global financial markets while supporting the continued institutional adoption of digital assets.

Closing Thoughts

The SEC and CFTC's joint initiative represents another important step toward modernizing U.S. financial regulation for an increasingly interconnected marketplace. While no rule changes have been proposed yet, the consultation demonstrates regulators' willingness to adapt longstanding frameworks to accommodate innovation while maintaining investor protections.

This is not just about margin rules—it reflects the continuing evolution of financial infrastructure as regulators prepare markets for a more integrated digital financial future.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Cointelegraph — SEC, CFTC seek input on unified portfolio margin rules across securities and derivatives

• U.S. Securities and Exchange Commission — SEC Requests Public Comment on Portfolio Margining and Cross-Margining (Federal Register notice)
  

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

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Thank you Dinar Recaps

Why America Should Get Rid of the Penny

Why America Should Get Rid of the Penny

And Maybe Some Other Coins, Too

By  Kimberly Amadeo   Updated on August 29, 2024

Leave a penny, take a penny. The ubiquitous one-cent coin has lots of fans and lots of detractors. For years it has cost more money to make a penny than the value stored in them, which gets smaller and smaller every year. (This is true for lots of U.S. coins.) Still, we just can't quit the penny, even if most of them seem to spend their days in jars and couches, rather than in our pockets where we might reach for them to pay for goods and services.

Consider these reasons why it's time we put away our pennies for good.

Key Takeaways

• A penny is only worth about half of what it costs to produce.

• The U.S. Mint is profitable as an organization, contributing hundreds of millions of dollars to the Treasury every year. But the penny is a money loser for the Mint.

• Picking up that found penny is not worth your time; the effort required returns less than what you'd earn making the minimum wage ($7.25 an hour).

9 Reasons to Get Rid of the Penny

1. Pennies don't buy as much as they used to: In 1913, a penny purchased more than a quarter does today (about 32 cents).1

2. Producing the penny costs taxpayers money: In 2023, each penny produced cost 3.07 cents to make and distribute.2 In 2023, the Mint made 4.1 billion pennies, costing taxpayers $127 million.2

3. Pennies are made of zinc and copper, and zinc can be harmful: Zinc's mining and industrial use has negative environmental and health impacts. During mining, smelting, and other industrial processes, zinc can leach into the soil, water, and air, and cause health concerns for those living nearby.

4. Some of the zinc for penny manufacturing is imported: In 2020, zinc imports added $1.3 million to the $310 billion U.S. trade deficit with China.3

5. Pennies are heavy to carry around: Each one only weighs 2.5 grams, but they add up.4 A dollar's worth of pennies would weigh 250 grams, or about half a pound. Consider that a $1 bill itself weighs just 1 gram.5

6. Making pennies is a money loser: While the U.S. Mint is a net contributor to the U.S. Treasury, producing pennies is a money loser for the Mint. In 2023, the nation lost $86 million making pennies.2

7. Pennies take up time at the cash register to count out: If time is money (see below), then pennies are not worth the time it takes to handle them.

8. The use of cash in retail transactions continues to decline: In 2023, cash was used for just 16% of in-person transactions. That's down from 26% in 2019. Credit cards top the list as the most used payment instrument, accounting for 32% of payments.6

9. Found pennies aren't worth the effort required to pick them up: The federal minimum wage is currently $7.25 an hour. At that wage, it takes five seconds of work to earn a single cent. If you took longer than that to pick up a spare penny found on the ground, your effort would be earning less than minimum wage.

Note

Getting rid of the penny will not be easy. To do so, Congress must enact a law that removes the penny from circulation. It must also direct the U.S. Mint, a bureau of the U.S. Treasury, to stop producing them.

Why We May Keep the Penny, Anyway

To Continue Reading  More:  https://www.thebalancemoney.com/get-rid-of-the-penny-4178219

Saturday Iraq News Posted by Tishwash at TNT 6-27-2026

TNT:

Tishwash:  Al-Zaydi sets a date for filling ministerial vacancies

Prime Minister Ali Faleh al-Zaidi has set a date for filling the vacancies in the government formation.

Prime Minister Ali Faleh al-Zaidi told Sky News, according to a statement issued by his media office and received by Al-Sa’a Network, that “our visit to Washington is not a mere protocol visit, but rather represents a declaration of a new phase of partnership between Iraq and the United States, based on common interests and mutual respect.

In September, the international coalition forces will end their combat mission against ISIS and leave Iraq permanently.” He added, “We look forward in the next phase to the American presence being through economic, investment, and development partnerships.”

He pointed out that "we want to move from the stage of military partnership to a sustainable economic partnership, and build an effective economic bridge between Iraq and the United States that achieves the interests of both peoples. We have directed the Ministries of Oil, Electricity and Communications to give priority to reputable American companies in the fields of energy, communications, technology and development," indicating that "the Ministerial Council for the Economy has taken important decisions related to major oil projects with international companies, including Chevron, Halliburton and HKN, in addition to giving them opportunities to work in new fields and exploration blocks."

He continued, “The telecommunications sector is moving towards a strategic partnership with Starlink, which will enhance the digital infrastructure in Iraq. We will discuss with the American side the Energy and Development Fund project, which will start from 500,000 barrels per day up to two million barrels per day, according to economic and production conditions, and perhaps outside the constraints of OPEC quotas.” He added, “Accounts will be opened for the fund in reputable American banking institutions, and its resources will be used in agreements with American companies, including electricity and infrastructure projects.”

He added that "the fund's financing could reach, over three decades, about $400 billion, with gradual growth linked to the performance of the projects and companies implementing them. Our goal is to rebuild the infrastructure that was damaged by investing these resources in development projects, and we are working to obtain a fair share for Iraq in oil production within OPEC in line with its capabilities."

He explained that "the current reality of Iraq is the result of accumulations that have extended over many decades. Since 1980, the country has entered a phase of great depletion, and huge resources have gone towards wars instead of construction and development."

He added that “because of the war of the 1980s, reconstruction projects stopped, infrastructure deteriorated, and Iraq was exposed to widespread destruction that affected infrastructure and the social system. It emerged from the war with losses, high debt, and economic decline. During the embargo period in the 1990s, Iraqi society was exposed to a deep humanitarian and economic crisis that affected various sectors.” He emphasized that “after 2003, Iraq faced the challenge of terrorism, and many Iraqi talents left the country.”

He pointed out that “Iraqis confronted ISIS in defense of their homeland, and at the same time they were fighting a battle to protect the security of the region and the world, with the support of the United States and friendly countries. Iraq was the first line of defense against terrorism, and the war against ISIS left behind great damage to infrastructure and huge economic losses,” indicating that “the United States is a strategic partner in Iraq’s development and economic plans.”

He pointed out that "the Arab Gulf states represent a historical, cultural and social depth for Iraq, and they are an element of strength. We believe in a policy of balance and openness with everyone. A strong state needs decisive decisions, and decisiveness is an essential part of a statesman's responsibility. Not being attached to the position gives the official strength to face challenges, and we are continuing to work to achieve our goals."

He continued, saying: “We held an in-depth dialogue with the armed factions, and we emphasized that the state is the unifying framework, and the presence of weapons outside its institutions cannot be accepted. The role of the factions in confronting terrorism cannot be denied, but the current stage requires everyone to move to working through the state and its institutions.” He explained: “I called on everyone to preserve their history and not allow their sacrifices to be lost, because our goal is to build a state and not just run a government.”

He explained: “We are working on preparing for an international conference entitled (The Sovereignty Conference), which affirms that the decision of Iraq is in the hands of the Iraqis, with an Iraq free of foreign forces and any armed formations outside the framework of the state,” adding that “as a result of the regional crises, Iraqi oil exports have declined to limited levels, and we are working to restore full export capacities.”

He explained: “We aspire to raise Iraq’s oil production to seven million barrels per day over the next three years, and we have informed American companies of this vision,” stressing that “our relationship with the Islamic Republic of Iran is based on good neighborliness, respect, and common interests, just as our relationship is with all countries in the region.”

He stressed that “Iraq does not accept dictates from any party, and the decision will always be in accordance with the interest of Iraqis first and foremost. Our direction is towards building a strong economic partnership with the United States based on the interest of Iraq, and not at the expense of any other party,” noting that “we do not follow a policy of axes or hostility, and Iraq wants to be an area of ​​communication and stability, not an arena of conflict.”

He noted that "Baghdad welcomes hosting any dialogue that contributes to calming the region, including talks between the United States and Iran. Investigations have not indicated any attacks launched from Iraqi territory towards Saudi Arabia, and we have issued clear directives to prevent any future transgressions."

He added, "Our goal is to protect Iraq and its people, and after September 30th, we will present to the citizens the results of the government's work and achievements, not promises.We look forward to completing the filling of vacancies in the government formation within two weeks," noting that "within the government's program, we are working to provide one million residential plots prepared for citizens."

He stressed that “there is an old economy that is trying to continue, and a modern economy that we are working to build. We are moving towards a productive and developed economy, and we are working to establish the Development Fund with the participation of the Central Bank of Iraq and national funds, while opening the door to public subscription and regional and international partnerships.” He pointed out that “the projects of the Development Fund will be financed according to the needs of the market, which will contribute to stimulating the economy and creating job opportunities.”

He explained: “We started confronting corruption through legal procedures, and we stopped a large part of the waste, and we recovered funds through official frameworks. Corruption in Iraq is a phenomenon that starts from small levels and extends through a system of bribery and favoritism, and addressing it requires comprehensive and continuous reform.” He emphasized that “we formed a central committee to review contracts that exceed 25 billion dinars in value, to audit them and ensure the integrity of their financial estimates, and to prevent exaggeration in estimated costs.”

He concluded that "the Cabinet approved referring a draft law to the House of Representatives to form a body for prior oversight and auditing in all ministries and state institutions, which will enhance transparency and governance procedures and raise the efficiency of public finance management."   link

Tishwash:  Three delegations from Kurdistan are heading to Baghdad to resolve financial and administrative issues.

Three high-level government delegations from the Kurdistan Region are scheduled to travel to the federal capital, Baghdad, early next week as part of their ongoing efforts to resolve a number of outstanding financial and administrative issues between Erbil and Baghdad, and to guarantee the constitutional rights of the region's citizens.

Kurdistan 24's correspondent in Baghdad reported that the first delegation, representing the financial side of the regional government, will hold an expanded meeting with the federal Ministry of Finance next Sunday.

The delegation will focus its discussions on reconsidering the mechanism for calculating non-oil revenues and demanding that Baghdad reduce the amount of 120 billion dinars deducted monthly, based on the technical reports approved by the Iraqi Financial Control Bureau, which clearly indicate a decrease in these revenues, which requires urgent action to ensure the continuity and smooth funding of the salaries of the region’s employees without any obstacles.

In a parallel track, on Sunday an official delegation from the Ministry of Martyrs and Anfal Affairs in the regional government will also head to Baghdad for a five-day visit. The delegation will hold a series of meetings with the General Authority for Political Prisoners in the federal government, aimed at signing an official agreement stipulating the equality and matching of salaries and entitlements of the families of martyrs and Anfal victims in the region with their counterparts in the center, in order to do justice to this sacrificing segment and increase their financial entitlements legally.

Regarding the regulation of trade and border crossings, a third technical delegation will head to the capital, Baghdad, next Monday, tasked with finalizing the technical procedures for implementing the global electronic system “ASYCUDA” for customs at the region’s border crossings.

Through this step, the delegation seeks to sign the final agreement to unify and coordinate customs fees and procedures between the region and the center in accordance with the latest applicable international standards.

Through this extensive diplomatic and administrative movement, the Kurdistan Regional Government affirms its full commitment to the path of constructive dialogue and legal solutions, in order to overcome all technical and financial obstacles in a way that serves the public interest and ensures the living stability of citizens.   link

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

Tishwash:  Why are investors hesitant? An expert reveals the obstacles hindering the investment boom in Iraq.

 Economic expert Saleh al-Khafaji asserted on Friday (June 26, 2026) that "several key factors are preventing Iraq from achieving a genuine leap in foreign investment, despite the availability of vast and diverse opportunities."

Speaking to Baghdad Today, al-Khafaji stated, "Iraq boasts promising investment opportunities across multiple sectors, not limited to the energy sector (oil and gas), but extending to housing, industry, and agriculture. Furthermore, its strategic geographic location could contribute to the development of industrial and pharmaceutical sectors capable of exporting to the Middle East."

He added, "While the initial foundations for attracting investment are present, several factors are discouraging many companies and investors from entering the Iraqi market. These include bureaucratic procedures, the pervasive corruption that hinders any progress in this direction, and the nature of the political disputes and problems that arise periodically."

Al-Khafaji pointed out that "capital needs a stable and calm environment with all the necessary support, especially regarding the banking infrastructure." He explained that "the banking environment in Iraq is still lagging behind other countries in terms of developing its operational mechanisms, which requires serious attention to this issue."

He clarified that "the factors for attracting investment and achieving a real leap in foreign investment are numerous and interconnected. Despite this, some companies and investors have taken the plunge and achieved successes, but these remain contingent on patience and navigating the existing complexities and problems."

Al-Khafaji emphasized that "the most significant obstacles to investment are corruption and the bureaucratic hurdles imposed by some corrupt individuals within institutions to extort money in exchange for granting approvals."

He noted that "many investors complain about these practices, which necessitates finding mechanisms to facilitate their work and send genuine reassurances."

The economic expert concluded by stressing that "the volume of foreign investment in Iraq is substantial, but more than 90% of it is concentrated in specific sectors, primarily the energy sector. This necessitates diversifying the investment environment and attracting capital to other sectors." link

Seeds of Wisdom RV and Economics Updates Saturday Morning 6-27-26

Good Morning Dinar Recaps,

US-Iran Ceasefire Under Pressure as Hormuz Strikes Threaten Peace Agreement

Fresh military exchanges between the United States and Iran have placed the recently signed Memorandum of Understanding (MoU) under renewed strain, raising concerns that the fragile 60-day peace process could unravel before a permanent agreement is reached.

Overview

• New military strikes between the U.S. and Iran have raised questions about the durability of the 60-day peace framework.

• Control of the Strait of Hormuz remains the central point of contention as both sides seek strategic leverage.

• Analysts warn that continued escalation could jeopardize negotiations aimed at restoring long-term regional stability.

Key Developments

1. Military Exchanges Test the Ceasefire

The U.S. military said it carried out strikes against Iranian missile, drone, and radar facilities after a commercial vessel in the Strait of Hormuz was reportedly attacked. Washington argued the strikes were intended to protect international shipping and enforce freedom of navigation.

Iran rejected the U.S. justification, calling the attacks a violation of the Memorandum of Understanding and responded with retaliatory strikes against U.S. military positions in the region. Bahrain also reported an alleged Iranian drone incident, highlighting the widening regional tensions.

2. Strait of Hormuz Remains the Key Dispute

At the center of the disagreement is control over the Strait of Hormuz, one of the world's most critical energy shipping lanes.

Iran maintains that, as a coastal state, it has sovereign rights over navigation management and has sought a greater role in regulating commercial traffic. The United States insists the waterway must remain open under international law without tolls or restrictions.

Although the interim agreement temporarily guarantees free commercial passage during the 60-day negotiation period, both sides continue to disagree over what long-term arrangements should look like.

3. Negotiations Continue Despite Rising Risks

The preliminary agreement signed earlier this month established a 60-day window for negotiators to pursue a broader peace settlement covering:

• Regional security

• Maritime navigation

• Nuclear oversight

• Long-term sanctions relief

Despite the latest military confrontation, officials from both governments have indicated they intend to continue negotiations, while mediators from Qatar and Pakistan remain engaged in facilitating dialogue.

Analysts caution, however, that additional military incidents could quickly overwhelm diplomatic progress.

4. Why the MoU Faces Growing Pressure

Several analysts believe the agreement remains highly fragile.

Some point to disagreements over enforcement of maritime security provisions, while others note continuing tensions involving Israel, Lebanon, and Hezbollah complicate the broader regional environment.

Although communication channels established during the Switzerland talks remain open, both Washington and Tehran continue to accuse each other of violating the spirit of the agreement.

Why It Matters

The current confrontation demonstrates how difficult it will be to transform a temporary ceasefire into a lasting diplomatic settlement. Even isolated military incidents now carry the potential to disrupt negotiations, impact global energy markets, and increase geopolitical uncertainty.

Why It Matters to Foreign Currency Holders

Regional stability directly affects global financial markets. Progress toward a durable U.S.-Iran agreement could reduce geopolitical risk, stabilize oil markets, improve investor confidence, and support broader international financial reforms that many global currency observers continue to monitor.

Implications for the Global Reset

• Pillar 1 – Energy

The Strait of Hormuz remains one of the world's most important energy corridors. Any disruption influences global oil prices, inflation, shipping costs, and economic stability.

• Pillar 2 – Trade

Secure maritime trade routes are essential to global commerce. Continued instability could accelerate efforts to diversify supply chains and strengthen alternative trade corridors.

Closing Thoughts

While diplomacy remains active, the latest exchange of strikes illustrates just how fragile the current peace process remains. The coming weeks will likely determine whether the interim agreement evolves into a broader regional settlement—or whether renewed military escalation derails negotiations before a permanent accord can be reached.

This is not just about a ceasefire—it reflects the ongoing struggle to reshape security, energy flows, and international trade across one of the world's most strategically important regions.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Al Jazeera — US-Iran trade strikes: What to know, will it unravel the MoU?

• Reuters — Middle East coverage and Strait of Hormuz developments

~~~~~~~~~~

🌱 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

~~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

Newshound's News Telegram Room Link

RV Facts with Proof Links Link

RV Updates Proof links - Facts Link

Start Here room with Most Asked Questions Link

Follow the Gold/Silver Rate COMEX

Follow Fast Facts

Seeds of Wisdom Team™Website

Thank you Dinar Recaps

Seeds of Wisdom RV and Economics Updates Friday Afternoon 6-26-26

Good Afternoon Dinar Recaps,

Crypto Market Suffers Largest Liquidation Wave of the Year as Macro Pressures Intensify

More than $1 billion in leveraged crypto positions were wiped out as Bitcoin fell sharply, highlighting the growing influence of macroeconomic forces and investor migration toward artificial intelligence.

 Overview

• Bitcoin's sharp decline triggered the largest wave of crypto liquidations so far this year, erasing more than $1 billion in leveraged positions.

• Analysts say the selloff reflects broader macroeconomic uncertainty rather than a fundamental weakness in blockchain technology.

• Artificial intelligence is attracting increasing amounts of investor capital, talent, and institutional attention, creating new competition for the crypto sector.

Key Developments

1. Largest Liquidation Event of 2026

Bitcoin experienced a steep correction during June, falling nearly 20% for the month and more than 30% from its October 2025 all-time high. The decline pushed Bitcoin briefly to approximately $58,000, triggering automatic liquidations across the derivatives market.

More than $1.01 billion in leveraged crypto positions were liquidated within 24 hours, including approximately $715 million in long positions, illustrating how leverage amplified the market decline.

2. Crypto Increasingly Moves With Traditional Markets

Market analysts believe Bitcoin is now behaving more like a traditional risk asset than an isolated alternative investment.

Institutional ownership through ETFs and broader participation by professional investors have increased Bitcoin's sensitivity to:

• Central bank monetary policy

• Interest rate expectations

• Global liquidity conditions

• Institutional portfolio rebalancing

• Macroeconomic risk sentiment

Rather than reacting solely to crypto-specific developments, digital assets are becoming increasingly integrated into global financial markets.

3. Artificial Intelligence Competes for Investment Capital

Another factor weighing on cryptocurrencies is the rapid expansion of the artificial intelligence sector.

Venture capital firms, institutional investors, and technology professionals continue shifting resources toward AI infrastructure, semiconductor development, and large-language model companies, reducing available investment flowing into blockchain projects.

Analysts expect this competition for capital could continue throughout the summer unless crypto markets regain stronger momentum.

 Why It Matters

The correction demonstrates that digital assets are becoming deeply interconnected with the broader global financial system.

As institutional participation grows, cryptocurrencies are increasingly influenced by the same macroeconomic forces affecting equities, bonds, and technology investments rather than operating independently.

Why It Matters to Foreign Currency Holders

Digital assets continue to play an expanding role within the evolving global financial landscape.

As governments modernize payment systems, develop digital asset regulations, and institutional investors increase exposure to blockchain technology, crypto markets remain an important indicator of broader changes occurring across the international financial system.

Implications for the Global Reset

• Pillar 1 – Technology

The growing competition between artificial intelligence and blockchain reflects a larger transformation in digital infrastructure, where investment increasingly flows toward technologies expected to define the next generation of the global economy.

• Pillar 2 – Assets

Institutional adoption continues integrating Bitcoin and digital assets into mainstream portfolios, reinforcing their role as an emerging asset class while exposing them to traditional market cycles and global liquidity conditions.

Analysis

The recent correction highlights how much the cryptocurrency market has evolved over the past several years. Earlier market downturns were often driven by crypto-specific events such as exchange failures or regulatory actions. Today's price movements are increasingly tied to macroeconomic conditions, including interest rates, institutional fund flows, and overall investor risk appetite.

Another notable trend is the growing competition for capital between blockchain technology and artificial intelligence. AI companies are attracting record investment, public market attention, and engineering talent, temporarily diverting resources that previously flowed into crypto innovation.

Although investor sentiment has fallen into extreme fear, long-term institutional adoption of digital assets continues through ETFs, tokenization initiatives, and expanding regulatory frameworks. Market volatility remains high, but the broader integration of digital assets into the global financial system suggests cryptocurrencies are becoming a permanent component of modern capital markets rather than a separate financial ecosystem.

This is not just about cryptocurrency—it reflects the growing integration of digital assets into the global financial system as capital shifts toward the technologies shaping tomorrow's economy.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Cointribune – "Crypto Market Suffers Its Largest Liquidation Wave Of The Year"

• Bitcoin.com News – "Bitcoin Slides Nearly 20% in June as $715M in Crypto Long Bets Collapse"

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What Happens to your Money on Reset Day?

What Happens to your Money on Reset Day?

Taylor Kenny:  6-26-2026

he global economic landscape is constantly evolving, and discussions around potential monetary shifts are becoming increasingly relevant.

 A recent video from ITM Trading offers insightful analysis into the concept of a “monetary reset,” exploring its historical underpinnings, potential implications, and strategies for individuals to consider. This post will delve into the key takeaways from that discussion, focusing on understanding these complex economic ideas and how one might approach them.

At its core, a monetary reset occurs when a government officially announces a significant change to its currency system. This can manifest as a “revaluation,” “reset,” or “restructuring,” often involving the introduction of a new currency or a dramatic alteration to the existing one.

The video highlights several preceding symptoms that typically signal such a shift: unsustainable levels of national debt, persistent trade imbalances, the imposition of tariffs, and rising inflation. These indicators have been observed in various economies throughout history, including examples from Mexico, Venezuela, and Zimbabwe.

A central theme of the discussion is the gradual erosion of purchasing power over time.

The video references the significant decline in the value of the US dollar since its inception in 1913, noting that its current purchasing power is dramatically reduced. This long-term trend underscores how fiat currencies, over decades, can diminish in their ability to acquire goods and services.

 When faced with severe economic challenges, governments typically confront two main choices: default on their national debt or implement a currency reset.

For major economies, a direct default is often considered a less likely path due to the potential for widespread civil unrest and significant geopolitical repercussions. Consequently, a reset or restructuring often emerges as a more manageable, albeit still impactful, alternative.

To illustrate the mechanics of a monetary reset, the video uses Mexico’s historical experience as a compelling case study. Resets often involve the removal of zeros from the currency – for instance, a 1000-to-1 reset where a new unit of currency replaces a thousand old units.

While this is primarily an accounting convenience, it fundamentally alters the perceived value of money and, in effect, reduces the purchasing power of existing balances. The experts in the video paint a vivid picture of a hypothetical ten-to-one reset for individuals holding US dollars, emphasizing the substantial impact it could have on personal wealth if held exclusively in traditional fiat currency.

The video offers a contrast between holding wealth solely in fiat currency during such a reset, and the potential benefits of converting it into specific assets.

Gold is presented as a significant potential hedge in these scenarios. Historically, when fiat currencies are devalued during a reset, the value of gold has often tended to multiply relative to the devalued currency, helping to preserve purchasing power.

Beyond gold, the discussion extends to the broader importance of tangible investments as a part of a diversified financial strategy. The experts also underscore the critical role of liquidity and strategic asset conversion following a reset, advocating for individuals to engage with knowledgeable analysts who can provide guidance through intricate financial transitions.

Crucially, the video frames a monetary reset not merely as a potential financial challenge but also as a distinct opportunity for those who are adequately prepared with the right strategies and a diversified portfolio of assets, particularly gold and other tangible investments.

The presenters strongly encourage viewers to seek professional financial advice. They emphasize that expert guidance during periods of economic change can be instrumental not only in protecting one’s existing wealth but also in strategically positioning it for potential growth and long-term legacy building.

https://www.youtube.com/watch?v=1CDpb0G3v2g

Friday Iraq News Posted by Tishwash at TNT 6-26-2026

TNT:

Tishwash:  Head of Money Changers Syndicate: Recent Central Bank Changes a Positive Step to Enhance Financial Stability

The head of the Exchange and Mediation Syndicate, Diaa Al-Tai, confirmed that the recent changes made by the Central Bank of Iraq represent a positive step in the path of developing the financial sector, praising the selection of Nizar Nasser to assume his new duties due to his experience and competence in the field of combating money laundering and the financing of terrorism.

Al-Ta’i told “Al-Jarida” that Nizar Nasser’s expertise is in line with the requirements of the current stage and the challenges facing the financial sector, which contributes to enhancing compliance with international standards and consolidating financial stability in the country.

He added that the previous changes in the Directorate of Supervision of Non-Bank Financial Institutions, which included the appointment of Dr. Dirgham and his assistant Zaid Hamid, proved successful thanks to their high professionalism and extensive experience in following up on the affairs of exchange companies and handling administrative and supervisory files.

He pointed out that these measures contributed to accelerating the completion of many pending files, as well as strengthening communication and coordination channels between exchange companies and the Central Bank of Iraq.

Al-Ta'i reiterated the Money Exchange and Mediation Syndicate's support for all steps and reforms aimed at developing the financial sector and consolidating the principles of oversight and compliance, thereby enhancing the stability of the financial market and raising the level of confidence in financial institutions operating in Iraq.  link

Tishwash:  Soon, Baghdad will host international figures: oil, electricity, and strategic partnerships.

Informed sources revealed on Thursday that important visits by international figures to Baghdad are expected, to conduct economic understandings that will bring mutual benefit to the parties concerned, just hours after reports spoke of the possibility of Iraq withdrawing from OPEC, and the repercussions of this decision on the global energy market.

A government source told Shafaq News Agency that “figures and representatives from some European Union countries will soon visit Iraq to reach understandings that achieve common interests, which will include presenting offers and economic partnerships in developing the energy sector in Iraq, including the oil and electricity sectors, in order to reach self-sufficiency and resolve the problem of supply hours.”

The source added that "among the proposed offers is the processing of associated gas and making the most of it in order to achieve self-sufficiency within a short-term plan not exceeding two years."

He pointed out that “supporting electricity production, along with proposals to implement projects to increase storage capacity and to acquire a joint maritime fleet with important countries, including the United States, is being arranged, with the aim of expanding the volume of Iraq’s crude oil exports.”

Oil Ministry spokesman Salim al-Rikabi had hinted, in a comment seen by Shafaq News, at the possibility of withdrawing from OPEC if the production level allocated to Iraq is not increased in line with its production capabilities and future needs.

In this context, economic analyst Joel Rimmer, who specializes in the global stock market, revealed on Thursday the repercussions of Iraq's exit from the Organization of the Petroleum Exporting Countries (OPEC) on the future of the global oil market, stressing that recent reports from Baghdad carried a message that said, "Either allow production to increase more freely or we will leave the organization."

Reimer said in an analysis published on the MarketWatch website and translated by Shafaq News Agency that “Iraq’s threat to withdraw from OPEC appeared deliberate and intentional, and any progress in this direction will have major repercussions on the global oil market, as an increase in Iraqi production outside the quota system could put strong pressure on prices that are already witnessing a significant decline.”

According to the analyst, Qatar's exit from OPEC in 2019 and the UAE's withdrawal on May 1, 2026, did not pose a major threat to the organization, given that Doha was primarily focused on gas production, while the UAE's production was only about 3.4 million barrels per day.

As for Iraq, the situation is different, as it is one of the founding members of the organization when it was established in 1960, and the second largest producer in it after Saudi Arabia, with a production of about 4.5 million barrels per day, according to him.

Reimer stressed that Iraq’s importance goes beyond its membership in OPEC, because the size of its production makes it a pivotal player in the global supply and demand equation, noting that the Iraqi position carries an indirect message to Saudi Arabia and the influential countries within the organization regarding Baghdad’s dissatisfaction with the current production ceilings imposed on it.

The US Energy Information Administration estimates that Iraq, if it ignores production quota restrictions, could raise its production to seven million barrels per day by 2029, an increase of more than 75% compared to current levels.

Reports also indicate that major American companies such as ExxonMobil, Chevron and Halliburton may be among the biggest beneficiaries of any anticipated investment expansion in the Iraqi oil industry.

Reimer concluded that OPEC losing a founding and major member like Iraq shortly after the UAE's withdrawal could lead markets to question the organization's ability to control or support oil prices when they decline.

The economic damage inflicted on the Gulf states by the war with Iran has created significant financial needs for reconstruction and investment, which may prompt some producers to demand an increase in their production quotas, raising the likelihood of a future oil supply surplus and increasing pressure on global prices.  link

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Tishwash:  After the end of the war, the Iraqi economy is on the path to recovery.

The Iraqi government has reaffirmed its commitment to the stability of the exchange rate, in a move that should reassure markets against the backdrop of the US-Israeli war on Iran, the closure of the Strait of Hormuz, and the disruption of oil exports.

The Iraqi government joined the Central Bank in reassuring markets about the dinar's exchange rate, with its spokesman Haider al-Aboudi stressing that there was no intention to print currency or adjust the exchange rate to compensate for lost liquidity amid the repercussions of the Iran war.

Al -Aboudi said in a television interview on Tuesday that “there is no intention to print currency or raise the dollar exchange rate to compensate for the lost liquidity,” considering that such options “do not serve the citizen and constitute a burden on him.”

The Central Bank of Iraq denied last week its intention to amend the dinar's exchange rate, warning against the circulation of misleading news, after a forged document was spread claiming there was a request to change the rate to 1,600 dinars per dollar.

Pressure on the dinar

However, these assurances did not completely stop the pressure on the dinar in the parallel market, where the price of the dollar rose from about 1449 dinars ten days ago to between 1550 and 1560 dinars, compared to the official price of 1310 dinars.

Reducing dependence on oil in the budget

In parallel, Al-Aboudi said that the government is working to reduce the country’s budget dependence on oil and enhance non-oil revenues, noting that Prime Minister Ali Al-Zaidi heads a specialized committee that aims to reduce the budget’s dependence on oil to 45% instead of 90% during the next ten years.

Al-Aboudi did not explain the mechanism for achieving this goal, but he indicated that the committee will work to maximize revenues from border crossings and customs and activate collection, at a time when the government needs to secure at least 10 trillion dinars per month to cover salaries and public expenses.

He added that “this figure requires revenue engineering in light of the current crisis, which is not easy at all.”

These moves come as Iraq faces exceptional financial pressures since the closure of the Strait of Hormuz, given its almost complete dependence on oil to finance its budget and exports.

The financial advisor to the Iraqi cabinet, Mazhar Muhammad Salih, said last week that Baghdad has not yet decided to request a loan from the International Monetary Fund, but it will need to decide its position by July if estimates indicate that the Iran war will continue beyond October.

Saleh added that Iraq is “almost financially settled until next October,” but noted that there are intensive consultations with the IMF about the nature of possible assistance.

Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund, said in April that Iraq had few options other than reducing spending and temporarily resorting to foreign exchange reserves, at a time when Bloomberg Economics estimated that Iraq needed about $75 billion to maintain the fixed exchange rate of the dinar against the dollar, out of foreign reserves that amounted to $100 billion on the eve of the war.

The Washington-Tehran agreement eases the pressure

With a temporary agreement reached between Washington and Tehran that would reopen the Strait of Hormuz, pressure on the Iraqi economy is likely to ease.

The economy needs two months to recover.

Zafer Mahdi Abdullah, head of the Iraqi External Development Fund and Iraq’s governor at the OPEC Fund for International Development, predicted that the Iraqi economy would recover within two months from the impact of the Strait crisis, with the gradual return of oil flow.

He added: “After the Strait of Hormuz was opened and Iraqi oil flowed through it, the economic situation began to recover gradually. It certainly needs time, but it will not take more than a month or two.”  link

Tishwash:  A year without a budget... and the government is banking on comprehensive financial reforms in 2027.

In a new indication of the complexities of the financial and administrative landscape, attention is turning to the 2027 budget after the chances of approving the 2026 budget declined, as a result of the delay in completing the formation of the government and the continued vacancy in a number of key ministries.

On Thursday, Hussein Al-Darraji, a member of the Parliamentary Finance Committee, ruled out the possibility of the government finalizing the current year's budget within the required constitutional and administrative timeframes. He emphasized that the remaining time in the year is insufficient to prepare a comprehensive draft and present it to the Council of Representatives for approval.

 Al-Darraji explained that the government is effectively moving toward preparing the 2027 budget, anticipating that the draft will be sent to Parliament this coming October or November, in preparation for debate and approval prior to the start of the new fiscal year.

 He noted that the upcoming budget would undergo fundamental changes regarding the philosophy of its preparation and the mechanisms for organizing its financial schedules. Additionally, spending priorities will be re-evaluated and the actual needs of government institutions assessed to align with current economic and financial conditions.

 This approach comes as the state continues to rely on the "1/12" provisional spending mechanism—authorized by current financial management laws—to cover employee salaries and essential operating expenses. This reliance follows the failure to pass the 2026 budget, a process that has since become complicated by accounting and technical challenges.

 According to the Finance Committee, there is a preliminary consensus between Parliament and the government of Prime Minister Ali Al-Zaidi to focus efforts on drafting a new budget with a distinct economic vision. This new budget aims to rectify past imbalances and reduce the fiscal deficit, while ensuring readiness before the start of the upcoming fiscal year.

This delay is attributed to a range of political and administrative factors—most notably the recent election period and ongoing disputes regarding the completion of the current cabinet—which have hindered the ability of executive institutions to prepare a comprehensive draft budget during the first half of the year.  link

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

Parliamentary Finance Committee: There Is No Longer Enough Time To Finalize This Year's Budget, And The Government Is Moving Towards Preparing The 2027 Budget.

Shafaq News – Baghdad   On Thursday, Hussein al-Daraji, a member of the parliamentary finance committee, ruled out the possibility of the Iraqi government being able to finalize the budget for the current year due to the delay in its formation, noting that the current trend is towards preparing next year's budget.

Al-Daraji told Shafaq News Agency that the remaining time in the second half of this year is insufficient for the government to prepare the 2026 budget for approval by the House of Representatives, indicating that the government will work on preparing a draft budget law for 2027, expecting the draft to reach Parliament in October or November of next year.

He added that there is a government trend to make fundamental changes to the 2027 budget law, which will be completely different from previous budgets in terms of the methods of preparation, schedules, and determination of necessary expenditures.

The decision to move directly towards the 2027 budget comes in light of the accounting absurdity in approving the 2026 budget, the second half of which is about to end, as the state currently relies on the temporary disbursement mechanism at a rate of (1/12) based on the continuing financial management law from the previous three-year budget to finance employee salaries and governing operational expenses.

According to the Finance Committee, the joint approach between Parliament and the government of Prime Minister Ali al-Zidi has settled on focusing technical efforts to draft the 2027 budget with a completely new economic philosophy and expenditure schedules, with the draft to be sent to the House of Representatives at the end of this year to avoid a deficit and ensure its passage before the start of the new fiscal year.

It is worth noting that the government of former Prime Minister Mohammed Shia Al-Sudani had prepared the outlines of the 2026 draft budget before leaving office, including extensive financial commitments, among them the issue of regularizing contracts and staffing levels. However, the draft was delayed due to the country entering the election and caretaker phase.

This financial vacuum was exacerbated after the current Prime Minister, Ali Faleh al-Zaidi, gained confidence on May 14 with a deficient cabinet (14 ministers out of 23), as political disputes and power-sharing caused a delay in completing the vacant portfolios (such as Interior, Defense and Planning) until next July, which paralyzed the executive branch’s ability to present a comprehensive budget law throughout the first half of this year.

https://www.shafaq.com/ar/سیاسة/المالية-النيابية-الوقت-لم-يعد-كافيا-لموازنة-العام-الحالي-والحكومة-تتجه-ل-عداد-موازنة-2027

Economist: There Is No Intention To Change The Exchange Rate, And What Is Being Circulated Is Just Rumors.

 Baghdad Today – BaghdadEconomic expert Manar Al-Obaidi confirmed on Wednesday (June 24, 2026) that there is no intention to change the dollar exchange rate in the country, while indicating that what is being circulated on social media is just rumors.

Al-Ubaidi said in a post on social media, which was followed by “Baghdad Today”, that “during the past few days I received dozens of calls and messages about my opinion on the rumors of changing the exchange rate, and I would like to point out that all that is being circulated about an imminent intention to change the exchange rate is baseless rumors”, noting that “any change will lead to a number of problems that have been explained previously that outweigh the advantages of the change, so there is currently no intention to reduce or amend the exchange rate.”

He added that "what is necessary in the next stage is a package of reforms related to the structure of operational expenses, working to increase non-oil revenues, and regulating the process of importing non-essential goods."

The issue of the dollar exchange rate in Iraq is a recurring point of contention with every economic or financial challenge facing the country, as expectations and rumors about the possibility of adjusting the exchange rate or reducing the value of the Iraqi dinar escalate from time to time.

Iraq last made an official adjustment to its exchange rate in 2023 when it adopted an official rate of 1,300 dinars to the dollar, as part of measures aimed at achieving monetary stability and reducing the gap between the official rate and the market rate.

https://baghdadtoday.news/302042-.html

Reforming The Iraqi Currency: A National Demand Presented To The New Government

16/12/2025   Today, on behalf of a broad segment of our people, we present a clear national demand to the new government and the elected Council of Representatives The issuance of a law to remove three zeros from the Iraqi currency, as a fundamental step to restore confidence in the dinar, improve purchasing power, and facilitate daily transactions.

Monetary reform requires issuing a new 100-dinar banknote to serve as a symbol of economic stability and the strength of the state, alongside reprinting smaller denominations that citizens regularly use: 1, 5, 10, 25, and 50 dinars.

We also call for careful pricing and measures to prevent inflation in small goods. It is necessary to reintroduce smaller units, the fils, into circulation as in the 1970s, with denominations of 1, 5, 10, 50, and 100 fils.

Currency reform is incomplete without attention to the aesthetic design of the notes. We urge the involvement of Iraq’s leading artists in designing the new issues to embody the civilizations of Babylon, Assyria, and Sumer, reflecting the country’s strength, fertility, and rich history.

Restoring the stature of the Iraqi currency is not merely a financial step; it is a national demand that expresses the Iraqi people’s desire for a strong state, a stable economy, and a currency worthy of Iraq’s history, present, and future. We will continue to present this proposal clearly and responsibly… Iraq deserves a currency that matches its name, prosperity, and civilization. **Dr. Ali Al-Saadi** Lecturer, College of Law, Almustaqbal University https://uomus.edu.iq/CollegeEn/Details/99723

Iraq Customs Mandates ASYCUDA Electronic Invoice Verification By July 10

Iraq  Jawad Al-Samarraie    June 24, 2026   Baghdad (IraqiNews.com) – The Iraqi General Customs Authority announced a major step toward total digital automation on Wednesday, June 24, 2026. The authority has officially activated an electronic inquiry feature for Certificates of Origin and commercial invoices issued by the Federation of Iraqi Chambers of Commerce.

This update integrates directly with the global ASYCUDA (Automated System for Customs Data) network to systematically cross-verify and authenticate trade documentation, removing paper-based delays and tightening regulatory oversight against financial fraud.

The General Customs Authority emphasized that this phase represents a final call for importers to digitize their legal pipelines. The rollout follows a strict two-stage schedule:

• The Pilot Phase (Current): The electronic verification feature is actively operating under a live trial system. Customs clearing agents and merchants can input document numbers into designated fields within ASYCUDA to check functionality.

• The Mandatory Mandate (July 10, 2026): Starting July 10, 2026, the system becomes completely mandatory. The authority explicitly stated that no physical Certificates of Origin or commercial invoices will be accepted or processed at any Iraqi border point unless they are digitally verifiable through the automated link.

To ensure an uninterrupted flow of goods and avoid severe bottlenecks at border entries, the authority urged all merchants, international importers, and customs clearing agents to complete the following timeline:

Required Transition Steps

1. Register with the Federation:
   Submit all valid commercial invoices and manufacturing documentation to the Federation of Iraqi Chambers of Commerce for official archiving.

2. Verify Electronic Issuance:
   Ensure that the Federation generates an official, trackable digital serial number for both the Certificate of Origin and the commercial invoice.

3. Input ASYCUDA Fields:
   Instruct your clearing agent to manually input the specific document serial numbers into the newly designated tracking modules within the ASYCUDA interface.

4. Complete Automated Auditing:
   Allow the system to run its automated authenticity check. Once matched with the Federation’s databases, the shipment will bypass traditional manual verification delays.

System Warning: Non-registered documents presented after July 10, 2026, will be automatically flagged by the ASYCUDA system, resulting in immediate suspension of customs declarations and potential administrative fines.

https://www.iraqinews.com/iraq/iraq-customs-mandates-asycuda-electronic-invoice-verification-by-july-10/

Israel-Lebanon Negotiations Extended By One Day

2026-06-26   Shafaq News- Washington/ Beirut   US-mediated negotiations between Israel and Lebanon, originally scheduled to conclude on June 25, will continue for an additional day, the US State Department stated on Friday.

Lebanon's An-Nahar newspaper reported that discussions have become increasingly complicated by unresolved disputes and Iran's role in the security arrangements linked to the ceasefire. Israeli negotiators have refused to discuss a timetable for leaving southern Lebanon and continue to tie any redeployment to Hezbollah's complete disarmament.

Read more: US-Iran ceasefire deal leaves Lebanon without guarantees

The newspaper also said that Israel rejected more than 10 proposals submitted by the Lebanese delegation and US mediators for pilot security zones, insisting that the Lebanese Army operate only outside the Israeli-controlled area on both sides of the Litani River.

Speaking during Ashura* commemorations, Hezbollah Secretary-General Naim Qassem reiterated that Israel has “no option” but to withdraw completely from Lebanese territory, rejecting any arrangement that undermines Lebanon's sovereignty, and insisting the group remains committed to the Nov. 27, 2024 ceasefire framework, under which security measures apply only south of the Litani River.

The extension comes as the Israeli army announced that a combat officer was moderately wounded, while another officer and two soldiers sustained minor injuries during an exchange of fire with a Hezbollah fighter in the southern Lebanese village of Beit Yahun.

According to Israeli Army Radio, troops from the 679th Brigade were operating in the village when a Hezbollah member inside a building threw a hand grenade at the force. The soldiers returned fire, killing the attacker before evacuating the wounded to hospital.

Hezbollah has not commented on the incident.

*Ashura, observed on the tenth day of the Islamic month of Muharram, marks the killing of Imam Hussein bin Ali, the third Shia Imam and grandson of the Prophet Muhammad, at the Battle of Karbala in 680 CE. For Shia Muslims, the occasion symbolizes sacrifice, dignity, and resistance to injustice.

https://www.shafaq.com/en/Middle-East/Israel-Lebanon-negotiations-extended-by-one-day

Karbala launches extensive security plan for Ashura

2026-06-26 Shafaq News- Karbala   Iraqi authorities and Karbala’s holy shrines have activated extensive security, health, and public service plans as millions of pilgrims arrived on Thursday night to mark the eve of Ashura, one of the country’s largest annual Shiite commemorations.

Ashura, observed on the tenth day of Muharram, marks the killing of Imam Hussein bin Ali, the third Shia Imam and grandson of the Prophet Muhammad, at the Battle of Karbala in 680 CE. For Shia Muslims, the occasion symbolizes sacrifice, dignity, and resistance to injustice.

Black banners lined the city's streets as Husseini mawakib, volunteer-run processions providing food, water, rest areas, and mourning services, received visitors arriving from across Iraq and abroad, while many residents opened their homes, continuing a long-standing tradition of hospitality.

Read more: Baghdad neighborhood revives Ashura ritual

Speaking to Shafaq News, Karbala Provincial Council member Israa Al-Nasrawi said preparations had been underway for more than a month, with government agencies deploying medical teams along the main routes from Najaf, Baghdad, and Babil, as well as across the city. She expected attendance to exceed last year’s estimated 12 million visitors.

The Imam Hussein and Al-Abbas Holy Shrines also unveiled coordinated operational plans for the Tuwairij Run, one of Ashura's largest mourning rituals, deploying 10,000 personnel, including 2,000 staff members and 8,000 volunteers, expanding surveillance with more than 4,400 cameras, organizing 831 mourning and service processions, and preparing three designated routes to manage crowd movement.

The arrangements also include covering the central courtyard between the two shrines with 10,000 square meters of red carpeting, distributing around 50,000 meals daily, and installing hundreds of misting fans to help visitors cope with the summer heat.

Read more: Millions gather for Ashura ahead of Karbala's peak pilgrimage

Media coverage has also expanded. Hussein Al-Shammari, head of the Iraqi Journalists Syndicate's Karbala branch, told Shafaq News that 419 accreditations had been issued to journalists representing 23 television channels, 20 news agencies, and 30 foreign correspondents.

Authorities further mobilized 120 firefighting and rescue teams, 1,350 civil defense personnel, 100 ambulances, 13 hospitals and emergency medical centers, more than 3,200 sanitation workers, 419 specialized vehicles, over 300 sewage trucks, 57 pumping stations, and nine wastewater treatment projects to support the commemoration.

Read more: Muharram in Iraq: New year becomes a season of mourning

https://www.shafaq.com/en/society/Karbala-launches-extensive-security-plan-for-Ashura