Anti-Graft Raid Nets $6.7M, Gold From Iraqi Electricity Official

2026-08-16 Shafaq News- Baghdad  Iraq seized more than $6.7 million in cash, along with gold bars and jewelry, from several homes belonging to Khalid Ghazi Atiyah, deputy minister of Electricity for Transmission and Distribution Affairs, who recently faced allegations of financial and administrative corruption.

Good Afternoon Dinar Recaps,

Central Banks Face a New Dilemma: Inflation, Oil and Debt Collide

August 16, 2026

The global economy is entering a difficult policy intersection: inflation is proving harder to contain, geopolitical tensions are threatening energy prices, economic growth is slowing, and governments are carrying increasingly expensive debt. For central banks, the traditional choice between fighting inflation and supporting growth is becoming considerably more complicated.

Good Morning Dinar Recaps,

The Yen Is Becoming a Global Financial Policy Lever: Currency, Debt and AI Converge

The U.S.-Japan currency intervention is bigger than a fight over the yen. It highlights how exchange rates, Treasury markets, monetary policy and strategic investment are increasingly becoming interconnected pieces of the global financial system.

Iraqi Minister Of Communications, Mustafa Sanad, Confirms The Issuance Of A Decision To Change The Currency And Remove Zeros From It.

Arabic Iraq   @AlArabiya_Iraq   Translated from Arabic

Iraq's Minister of Communications, Mustafa Sand, confirms the issuance of a decision to change the currency and remove zeros from it.

Good Afternoon Dinar Recaps,

The Financial Architecture Is Splitting in Two: BRICS Builds Payment Links as Russia and China Deepen Local-Currency Trade

August 15, 2026

The global financial system is not being replaced overnight. But beneath the headlines, Russia, China and the broader BRICS group are building the infrastructure that could make a more multipolar financial system possible—while the existing dollar-centered system continues to face rising debt and financing pressures.

Good Morning Dinar Recaps,

The Global Financial Architecture Is Shifting: Debt Costs Rise as BRICS Builds New Payment Rails

August 15, 2026 — Beneath the daily market headlines, two structural developments are becoming increasingly difficult to ignore: the cost of financing major economies is rising, while BRICS members are working to build payment infrastructure that could give trade more alternatives to traditional dollar-centered channels.

Iraq Moves To Results-Based Budgeting In 2027

2026-08-14 / 05:03 Shafaq News- Baghdad    For two years, Iraq has run without a national budget. Salaries and essential spending have been covered month to month under a stopgap rule that releases one-twelfth of the previous budget at a time, while political deadlock, regional conflict, and swings in oil prices kept a full budget out of reach.  

Parliament passed a three-year law covering 2023 to 2025 but never approved the final year's spending, and no budget was passed for 2026 at all.