Dinar Recaps 20 9/4/26 Dinar Recaps 20 9/4/26

History Makes a STRONG Case For A Dinar Revaluation

History Makes a STRONG Case For A Dinar Revaluation

The Dinar Den: 9-3-2026

Global monetary systems are rarely static, continuously evolving through cycles of restructuring, technological innovation, and geopolitical readjustments.

Among the most discussed topics in modern currency analysis is the long-term trajectory of the Iraqi dinar and the broader economic framework supporting its potential revaluation. Rather than viewing currency shifts as isolated financial events, expert analyses suggest that significant monetary adjustments are part of a larger historical continuum.

History Makes a STRONG Case For A Dinar Revaluation

The Dinar Den: 9-3-2026

Global monetary systems are rarely static, continuously evolving through cycles of restructuring, technological innovation, and geopolitical readjustments.

By examining historical precedents, modern banking standards, and digital infrastructure rollouts, macroeconomists and currency observers gain a clearer perspective on how post-conflict nations rebuild their fiscal sovereignty and integrate into the international financial ecosystem.

Looking back at twentieth-century economic history provides essential context for understanding modern monetary resets. Countries like post-war Germany, Japan, and South Korea underwent extensive financial and structural overhauls following severe geopolitical disruptions.

In each instance, international stabilization programs, backed by major economic powers and multilateral institutions, helped transition shattered local currencies into stable mediums of exchange. These historical precedents demonstrate that rebuilding national balance sheets often involves severe currency devaluations followed by multi-phase stabilization strategies, institutional reforms, reserve accumulation, and eventual revaluation to reflect real economic value.

In the case of Iraq, the post-2003 financial architecture was heavily shaped by direct international and United States institutional involvement. The initial focus centered on stabilizing the domestic market, establishing a new sovereign currency framework, and controlling hyperinflation through regular currency auctions. Over the past two decades, this relationship has evolved from immediate post-conflict stabilization toward long-term modernization.

Integrating Iraq’s banking system into the global swift network and standardizing international correspondent banking relations have established a foundation where the foreign exchange environment can gradually shift away from strict capital controls toward broader market-oriented flexibility.

A notable aspect of Iraq’s contemporary economic strategy is its aggressive push toward monetary digitization and electronic banking solutions. While many developed nations are still deliberating the domestic deployment of Central Bank Digital Currencies, developing markets often serve as efficient testing environments for rapid digital transformation.

Iraq’s central bank has prioritized financial inclusion, point-of-sale terminal adoption, and core banking technology modernization. This accelerated push toward a cashless framework reduces the reliance on paper physical currency, minimizes informal market leakages, and establishes the precise tracking mechanisms necessary for a controlled currency adjustment.

Behind these domestic reforms lies a strict adherence to global regulatory standards, specifically those governed by the International Monetary Fund and international banking guidelines like Basel III.

Under the Basel III capital adequacy framework, sovereign central banks have renewed their focus on physical gold reserves, reclassifying unencumbered gold as a primary reserve asset.

Iraq’s deliberate accumulation of sovereign gold reserves serves a dual purpose: it fortifies the nation’s balance sheet against inflationary pressures and aligns its banking sector with top-tier international settlement standards, signaling to global markets that its currency is increasingly backed by verifiable wealth.

Despite optimistic analyses regarding monetary adjustments, economic restructurings of this scale are inherently gradual processes. Complex monetary coordination involves balancing exchange rate mechanisms, managed floats, cash turn-in periods, and regional political dynamics, meaning timeline estimates must be met with analytical patience. Sovereign nations prioritize systemic stability over rapid market shifts, ensuring that domestic industries and fiscal policy can sustain new currency values.

https://www.youtube.com/watch?v=6lcst2EJ5Nw

DINARRECAPS8 9/4/26 DINARRECAPS8 9/4/26

Seeds of Wisdom RV and Economics Updates Friday Afternoon 9-4-26

Good Afternoon Dinar Recaps,

GLOBAL INVESTORS MOVE $46 BILLION INTO CASH: JOBS SHOCK REIGNITES RATE RISKS AND REPRICES GLOBAL CAPITAL

Global investors are moving billions toward money-market funds and shorter-duration assets as a stronger-than-expected U.S. jobs report, elevated oil prices and bond-market stress increase the risk that interest rates will remain higher for longer.

Good Afternoon Dinar Recaps,

GLOBAL INVESTORS MOVE $46 BILLION INTO CASH: JOBS SHOCK REIGNITES RATE RISKS AND REPRICES GLOBAL CAPITAL

OVERVIEW

$46.1 Billion Into Money Funds: Global money-market funds attracted $46.1 billion in net inflows through September 2, the largest weekly inflow since early August, as investors became more cautious amid bond-market and geopolitical stress.
Jobs Shock Changes the Fed Equation: U.S. employers added 162,000 jobs in August, nearly three times the expected gain, while unemployment remained at 4.1%, putting a September Fed rate hike firmly back on the table.
Capital Is Being Repositioned: Higher Treasury yields and uncertainty over inflation and interest rates are encouraging investors to favor liquidity and shorter-term assets, creating another measurable shift in global capital allocation.

KEY DEVELOPMENTS

1. $46.1 Billion Moves Toward Cash

Global money-market funds recorded $46.1 billion in net inflows during the week ending September 2.

Reuters reported that this was the largest weekly inflow since August 5, reflecting investor caution as global bonds sold off and U.S.-Iran tensions increased.

Money-market funds provide investors with liquidity and relatively short-duration exposure. The movement therefore offers a measurable indication that investors were becoming more defensive.

The significance is not simply the amount of money involved.

It is where investors chose to put it.

2. Investors Are Reducing Long-Duration Exposure

Bond-fund inflows slowed to approximately $10 billion, their lowest level in five weeks, while short-term bond funds experienced their strongest inflows since July.

At the same time, government and corporate bond funds experienced outflows.

This suggests that investors are not necessarily abandoning fixed income altogether.

Instead, they are becoming more cautious about locking money into longer-term securities while the direction of inflation and interest rates remains uncertain.

That distinction is important.

3. The U.S. Jobs Report Delivered a Major Surprise

Today's employment report changed the financial picture again.

The U.S. economy added 162,000 jobs in August, far above the approximately 56,000 jobs economists had expected.

The unemployment rate remained at 4.1%, while labor-force participation increased to 61.6% from 61.4% in July.

The report indicates that the U.S. labor market was considerably stronger than investors had anticipated.

That matters because a resilient labor market gives the Federal Reserve less reason to quickly ease monetary policy if inflation remains elevated.

4. Rate-Hike Expectations Returned

The stronger jobs data immediately changed expectations for the Federal Reserve's September meeting.

Reuters reported that markets increased the probability of a September rate hike to approximately 61%, reversing some of the easing in expectations that followed Fed Governor Christopher Waller's comments on Thursday.

That creates a significant shift from just one day earlier.

Yesterday: markets were becoming more confident that the Fed could hold rates.

Today: stronger employment data have put another rate increase firmly back into consideration.

The next major test will be the upcoming inflation data, which will help determine whether the Fed can justify another increase.

5. Treasury Yields Rose as the Cost of Money Was Repriced

The jobs report immediately pushed Treasury yields higher.

Reuters reported that the 10-year Treasury yield moved toward 4.80%, while the stronger employment data reinforced expectations for potentially tighter monetary policy.

This is significant because the Treasury market is already dealing with several pressures:

Large U.S. deficits + heavy Treasury issuance + elevated inflation risks + higher oil prices + changing Fed expectations.

Today's jobs report adds another factor:

A stronger economy may allow interest rates to remain higher for longer.

6. Oil Adds Another Inflationary Pressure

The employment shock is occurring against a backdrop of elevated energy prices.

Renewed U.S.-Iran tensions have pushed Brent crude toward $100 per barrel, increasing the possibility that higher energy costs could slow the progress of disinflation.

This creates a difficult environment for the Federal Reserve.

A strong labor market argues against rapid monetary easing, while higher energy prices create another potential source of inflation.

For investors, that combination makes liquidity and shorter-duration investments more attractive.

WHY IT MATTERS

Economy

Higher interest rates increase financing costs for households, businesses and governments.

A stronger labor market could support economic activity, but sustained high borrowing costs can eventually weigh on investment and consumption.

Markets

The movement of $46.1 billion into money-market funds shows that investors are actively repositioning capital.

Today's jobs report adds another reason for that caution by increasing uncertainty about the future path of interest rates.

Policy

The Federal Reserve now faces a difficult combination of stronger employment, elevated oil prices and persistent inflation risk.

The September policy decision will depend heavily on whether upcoming inflation data confirm or contradict today's employment signal.

Global System

U.S. interest rates influence borrowing costs and capital flows around the world.

When investors can earn attractive returns from relatively liquid dollar assets, capital can move toward the United States and away from riskier or lower-yielding markets.

That can place additional pressure on emerging-market currencies, sovereign debt and global liquidity.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Dollar strength: Higher U.S. rates can increase demand for dollar-denominated assets and support the dollar relative to some other currencies.
Exchange rates: A change in Fed expectations can produce rapid currency movements.
Capital flows: The $46.1 billion money-market inflow demonstrates that global investors are actively changing their allocation toward liquidity.
Emerging-market currencies: Higher U.S. yields can make it more expensive for emerging economies to attract and retain foreign capital.
Purchasing power: Higher oil prices combined with currency movements can increase the cost of imported energy and other internationally traded goods.

For foreign-currency holders, the important signal is not one day's dollar movement.

It is whether higher U.S. yields begin creating a sustained change in global capital allocation.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Assets

The movement of $46.1 billion into money-market funds is evidence that investors are reassessing duration and liquidity.

If the market increasingly expects higher rates to persist, capital may continue moving away from long-duration assets and toward cash, short-term securities and other liquid instruments.

That represents a change in how global capital is being positioned.

Pillar 2: Debt

Higher interest rates create greater pressure on highly indebted governments, companies and households.

The issue is particularly important for governments because every refinancing cycle can occur at a different—and potentially higher—cost.

Today's jobs report therefore matters beyond employment.

A stronger economy can give the Fed more room to keep rates elevated, while higher rates increase the cost of financing an already heavily indebted global system.

CONCLUSION

The $46.1 billion flow into global money-market funds was already an important signal that investors were becoming more cautious.

Today's employment report gives that capital movement a new context.

The U.S. economy added 162,000 jobs—nearly three times expectations—while unemployment remained at 4.1%, forcing markets to reconsider the possibility of another Federal Reserve rate increase.
At the same time, Treasury yields moved higher and oil remained elevated because of the continuing conflict surrounding Iran and the Strait of Hormuz.
The result is a financial system facing stronger-than-expected U.S. employment, elevated energy prices, higher Treasury yields and investors actively shifting toward liquidity.

That combination matters because the global financial system is highly sensitive to the price of money.

For foreign currency holders, the next phase may be determined less by whether the Fed cuts or raises rates at one particular meeting and more by whether higher U.S. yields begin producing a sustained redistribution of global capital.

When investors move billions toward liquidity while the cost of money rises, the movement of capital itself becomes a signal that the global financial system is repricing risk, return and duration.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

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Thank you Dinar Recaps

Dinar Recaps 20 9/4/26 Dinar Recaps 20 9/4/26

MilitiaMan & Crew: Iraq's Quiet Build: Why everyone is watching the new cabinet

MilitiaMan & Crew: Iraq's Quiet Build: Why everyone is watching the new cabinet

9-4-2026

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

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

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

MilitiaMan & Crew: Iraq's Quiet Build: Why everyone is watching the new cabinet

9-4-2026

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

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

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

https://www.youtube.com/watch?v=FMCYCH1RAt8

Dinar Recaps 20 9/4/26 Dinar Recaps 20 9/4/26

Friday Iraq News Posted by Tishwash at TNT 9-4-2026

TNT:

Tishwash: Asiabi launches Mastercard card program and connects its customers in Iraq to payments around the world

Asiabee offers virtual Mastercard, Platinum and World cards directly linked to the Asiabee wallet, enabling secure local and international payments through a single integrated digital experience.

AsiaBee today announced the launch of its own Mastercard card program, a move that expands the payment options available to its customers in Iraq Asiabi's wallet is linked to Mastercard's verified global network.

TNT:

Tishwash: Asiabi launches Mastercard card program and connects its customers in Iraq to payments around the world

Asiabee offers virtual Mastercard, Platinum and World cards directly linked to the Asiabee wallet, enabling secure local and international payments through a single integrated digital experience.

The new cards are issued under a license from Mastercard International Incorporated and with the approval ofCentral Bank of IraqIt is directly linked to the Asiabee wallet and is fully managed through the Asiabee app, giving customers a simple and secure way to make payments locally and internationally.

AsiaBee offers three card products: the Virtual Mastercard, the Platinum Mastercard, and the World Mastercard, providing customers with options designed to meet various payment needs and lifestyles.

As part of the launch campaign, Asiabi is exempting its customers for a limited time from the usual issuance fee of 35,000 Iraqi dinars for the actual Platinum card.

AsiaBee Mastercard cards can be used for payments in stores, online, and at ATMs wherever Mastercard is accepted. The cards also support multi-currency transactions internationally, giving customers greater flexibility when shopping online, traveling, or making payments outside of Iraq.

The card allocation process is managed through Asiabee's internal allocation center, allowing the company to maintain direct control over card security, production quality, and issuance speed.

The cards are designed to meet a wide range of everyday needs, including local purchases, international travel, online shopping, digital services, and online gaming. Customers can manage their entire card experience through the Asiabee app, from ordering and activating the card, to transferring funds between the wallet and the card, tracking transactions in real time, and managing card controls.

Zarang Farooq, Managing Director of Asiabi, said : “This day marks a significant milestone for Asiabi and our customers. Our goal is very simple: to give our customers in Iraq an easier and more secure way to connect their everyday payments to the rest of the world with the lowest fees. By linking Asiabi Wallet and Mastercard into a single experience, customers can manage their money locally and use it internationally through a platform they know and trust.”

This launch represents a new step in Asiabee's strategy to expand access to modern digital payment services in Iraq and connect the country's growing digital economy to the global payments infrastructure.

Asiabee is an Iraqi non-banking financial services company and digital payment solutions provider, headquartered in [location missing].SulaymaniyahOperating throughout Iraq, Asiapi was founded in 2015 and was among the first companies in Iraq to receive a license from the Central Bank of Iraq to provide digital payment services.

Today, Asiapi offers a comprehensive digital payment system that is fast, easy, and secure, serving individuals and businesses through dedicated customer and business applications. Its services include digital wallets, international money transfers via MoneyGram, bill payments, mobile top-ups, e-voucher purchases, payroll processing, and online and in-store merchant payment solutions.

Asiapi also offers Mastercard payment products, supported by its in-house card allocation center and licensed by Mastercard and the Central Bank of Iraq, providing customers with secure and convenient card payment solutions that are supported both locally and globally. link

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Tishwash: The Central Bank promotes a culture of compliance among exchange companies in southern Iraq.

The Central Bank of Iraq, through its branch in Basra, held a specialized training course to promote a culture of compliance and combat money laundering and terrorist financing, with broad and active participation from exchange companies operating in the southern governorates of Iraq.

The session addressed the outputs of the national assessment report and the results of the mutual assessment report on money laundering and terrorist financing risks in the Republic of Iraq, in addition to the responsibilities and supervisory procedures incumbent upon non-bank financial institutions, foremost among them exchange companies.

The session emphasized the importance of raising awareness of financial risks and strengthening compliance procedures, which contributes to protecting financial institutions and supporting the safety and stability of the Iraqi financial sector, especially in light of the role played by exchange companies in the movement of cash and financial transactions in the southern governorates.

The session witnessed broad interaction and participation from exchange companies, reflecting the sector’s interest in developing institutional performance, keeping pace with regulatory requirements, and understanding the implications of national and international assessment results on daily work procedures.

This step comes as part of the Central Bank of Iraq's efforts to promote education, training and capacity building, along with supervision and regulation, with the aim of preventing risks and promoting sound practices in non-bank financial institutions.

Organizing these training programs in the Basra branch is an important step to expand awareness and compliance in the southern governorates, and to enhance direct communication between the Central Bank and the entities under its supervision, in order to support the development of the financial sector and raise the efficiency of its employees. link

Tishwash: Faisal I Dinar for 150 million... Auction of old coins has been ongoing in Baghdad since 1952

Every Saturday morning, seasoned collectors gather at the Iraqi Philatelic and Numismatic Society building to attend an auction where enthusiasts display coins that have not lost their value despite 70 years having passed since their cancellation. Deals are made for rare specimens. Jawad Kazem, the society's secretary, says that collectors prefer the money of the royal era, whether paper or metal. The price of the 100 dinar note that contains the image of Faisal I reached 150 million Iraqi dinars. One of them reveals in an interview with 964 Network that interest has reached the small denominations, until a 100 fils note issued in 1955 was sold for one million dinars.

Demand for the king's money

“The idea behind the auction is to serve stamp and coin collectors, where different stamps and coins are displayed and exchanged,” said Jawad Kazem, secretary of the Iraqi Philatelic and Numismatic Society, in an interview with 964 Network . He explained that the auction opens every Saturday morning at the Society’s headquarters in the auction hall.

Regarding the history of the auction, Jawad says, “The auction appeared in 1952, one year after the establishment of the association, and enthusiasts quickly showed interest in conducting exchange and purchase transactions. Since then, the auction has been active, frequented by enthusiasts coming from Baghdad and the provinces.”

Jawad describes the auction as “a cultural and social meeting place for enthusiasts and collectors of stamps and coins, and it has also become a center for buying and selling the rarest coins.”

Regarding the rarest coins on display, Jawad explains that “the royal paper currency is the rarest, followed by the metal currency. The association has displayed rare items for coin collectors and they have been sold.”

100 dinars is equivalent to 150 million.

Ahmed Kamel, a member of the association’s administrative board, speaks of a huge difference in the prices of the royal currency compared to the republic, due to the short lifespan of the royal era, which arouses the curiosity of enthusiasts and drives them to acquire and learn about it.

Kamel says about prices that the price of “the 100 Royal Dinar note, which includes a picture of Faisal I, starts from 150 million dinars and above, and the prices of some currencies increase if they were issued on important dates, such as the currency of Faisal II that was issued in 1949, or such as the quarter dinar note that was also issued by the Central Bank of Iraq during the reign of Faisal II.”

Regarding methods of detecting forgery, Kamel says, “There are several points that can be relied upon to uncover the tricks of forgers, such as checking the watermark and the type of paper, and I believe it is difficult to forge.”

100 fils equals one million dinars

Abu Ramzi speaks at length about the prices of small denominations, especially coins, and says, “A coin of the 100 fils denomination was sold for 200,000 dinars, while the same denomination, but issued in 1955, was sold for about one million Iraqi dinars.” link

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Tishwash: Small banknote shortage causes daily disruption in Kirkuk markets

Merchants and residents in Kirkuk, northern Iraq, are increasingly struggling to obtain 250-dinar ($0.19), 500-dinar ($0.38) and 1,000-dinar ($0.76) banknotes, with traders reporting shortages of small denominations and growing difficulties using worn or damaged notes in daily transactions.

Abbas Ahmed, a shopkeeper in Kirkuk’s Doctors Street market, told Shafaq News that obtaining the three denominations has become increasingly difficult. “When customers pay with larger notes, some shops ask them to buy another item rather than give them their change.”

Some small-denomination notes reaching shops are also torn, dirty or heavily worn, making merchants and customers reluctant to accept them.

Samer Abdullah, a currency exchanger on Republic Street, noted a sharp increase in demand for small denominations, while supplies remain inconsistent.

Residents and merchants often turn to exchange shops for smaller notes, but the quantities available fluctuate. Some notes brought in for exchange are already damaged and need to be replaced rather than returned to circulation.

Small-denomination notes change hands more frequently than larger ones, making them more vulnerable to wear and tear, Abdullah explained.

Describing the shortage as a daily problem, Hamza al-Jubouri, a wholesaler in Kirkuk’s Citadel Market, told Shafaq News that small amounts of change are often needed in wholesale and retail transactions, leaving merchants with limited options when the required denominations are unavailable.

Some traders hold on to 250-dinar, 500-dinar, and 1,000-dinar notes rather than spend them, fearing they will be unable to replace them later. This further reduces the number of these notes circulating in the market.

Shafaq News’ review of currency issuance data shows that the number of 1,000-dinar notes rose from 718 million in 2022 to 775 million in 2026. The number of 250-dinar notes increased from 795 million to 818 million, while 500-dinar notes fell slightly from 147 million to 145.4 million.

Together, the three denominations accounted for about 1.738 billion notes in 2026, compared with roughly 1.660 billion in 2022, an increase of about 78.4 million notes.

The figures do not indicate how many of those notes are physically available in shops or remain in good enough condition for daily use. They reflect issuance data rather than the number of notes actually circulating or the proportion that has become damaged.

The Central Bank of Iraq (CBI) continues to list 250-dinar, 500-dinar and 1,000-dinar notes among the country’s officially circulating denominations. It has also stated that older notes remain legal tender alongside newer issues.

In an interview with Shafaq News, Economist Ali Khalil said the availability of small denominations should be measured not only by the number of notes issued but also by the number that remain fit for circulation.

Frequent handling makes small-denomination notes particularly vulnerable to damage, meaning some of the issued supply may have been removed from circulation or require replacement.

Khalil pointed out that the existence of more than one billion notes across the three denominations does not necessarily indicate a surplus in the market. “Damaged notes may no longer be usable even if they remain part of the official issuance figures.”

He called for stronger mechanisms to replace damaged notes, ensure a steady supply of new notes and monitor the movement of cash through banks, exchange shops and merchants.

The CBI has procedures for handling damaged banknotes, including criteria for their replacement depending on the type and extent of damage. An electronic service is also available through the Ur platform to submit requests for the replacement of damaged banknotes.

In 2020, the central bank reinstated penalties related to shortages of 1,000-dinar, 500-dinar, and 250-dinar notes, effective Oct. 1 of that year, under rules governing the circulation and replacement of banknotes and their counting and sorting.

Office worker Suhad Ibrahim told Shafaq News that consumers are among those most affected because they have little control over the availability of small denominations when making everyday purchases.

Customers who pay more than the price of an item sometimes do not receive their full change or are asked to buy another item to avoid losing the remaining amount.

The shortage is particularly noticeable in shops, markets and public transportation, where small cash payments are common.

Despite their low face value, 250-dinar, 500-dinar and 1,000-dinar notes remain an important part of Iraq’s cash-based economy. While official figures show an increase in the number of 250-dinar and 1,000-dinar notes since 2022 and a slight decline in 500-dinar notes, merchants in Kirkuk continue to report difficulty obtaining small denominations in usable condition. link

DINARRECAPS8 9/4/26 DINARRECAPS8 9/4/26

Iraq Economic News and Points To Ponder Friday Morning 9-4-26

The Budget Comes First... Parliament Pledges To Cooperate With The Government To Approve It Quickly, And The Parliamentary Finance Committee Reveals To NINA The Size Of Iraq's Debt

Baghdad / NINA / The Parliamentary Finance Committee has tallied Iraq's external and internal debts, while affirming that the Parliament will cooperate with the government to pass the general budget law as quickly as possible.

The Budget Comes First... Parliament Pledges To Cooperate With The Government To Approve It Quickly, And The Parliamentary Finance Committee Reveals To NINA The Size Of Iraq's Debt

Committee member, MP Ahmed Hama Rashid, stated to the National Iraqi News Agency ( NINA ) that "the Financial Management Law stipulates that the general budget be submitted by the government to Parliament annually by mid-October," noting that "the general budget law in each parliamentary session reflects the government's vision, and Parliament's role is limited to oversight and ratification."

He added that "Parliament will cooperate with the government to pass the general budget law as quickly as possible," explaining that "the program-based budget does not require much time for approval, and Parliament can pass it in less than two months."

Regarding the debt issue and spending limits, the Finance Committee member emphasized that "Iraq needs to diversify its revenue sources, while austerity and cost-cutting measures require a bold step from the government."

He added, "The value of Iraq's outstanding external debt has reached $10 billion, and internal debt has exceeded 90 trillion dinars, in addition to accumulated debts from the era of the former regime amounting to another $41 billion, most of which are debts to Gulf countries, some in cash and others in logistical support." /End 5

http://ninanews.com/website/Uploads/Images/2026/9/1312900-c38491e1-2952-4775-8a90-622fa03f12ff.jpeg?v=202609031910

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https://ninanews.com/website/News/Details?Key=1312900

Positive Understandings Reached Between Erbil And Baghdad Regarding The 2027 Budget And The Resolution Of The Contract Employees Issue

Erbil (Kurdistan 24) - The finance committees from Erbil and Baghdad held a joint meeting on Thursday, September 3, 2026, chaired by the Federal Minister of Finance, Faleh al-Sari, to discuss the Kurdistan Region’s share in the draft federal general budget law for 2027.

The meeting, which lasted for about three hours, witnessed "positive and constructive" discussions that resulted in pledges from the Federal Ministry of Finance to resolve the issue of teachers and employees on contracts throughout Iraq, including the Kurdistan Region, by converting them to permanent staff within the draft budget law for next year.

A member of the negotiating delegation told Kurdistan 24 that the new draft budget will also include a clause related to "job promotions" for employees, stressing that employees of the Kurdistan Region will be included in this decision, just like their counterparts in the rest of the federal institutions.

The relevant authorities are scheduled to begin drafting the budget bill next Saturday, with the aim of completing it by September 15th for submission to the Federal Cabinet. The Cabinet will then have one month to review and approve the bill before sending it to the Federal Parliament in October for the necessary legislative procedures.

https://www.kurdistan24.net/ar/story/937028/فاهمات-إيجابية-بين-أربيل-وبغداد-بشأن-موازنة-2027-وحسم-ملف-موظفي-العقود

Oil Heads For Sharp Weekly Gain On US-Iran Tensions

2026-09-04 Shafaq News Oil prices rose on Friday, heading for their steepest weekly gain since mid-July, as rising tension and renewed U.S.-Iran hostilities heightened concerns over Middle East supply risks.

Brent crude futures rose 54 cents, or ‌0.6%, to $96.06 a barrel by 0100 GMT, while U.S. West Texas Intermediate crude futures climbed 80 cents, or 0.9%, to $92.10.

On a weekly basis, Brent rose 7.6% and WTI was 10.4% higher, set for the highest gains since the week ended July 20.

U.S. attacks this week that killed and wounded dozens, including Iranian civilians, marked the ⁠fiercest clashes between the two countries since July. The war, which began with U.S.-Israeli strikes in late February, is now in its seventh month.

Israeli Defence Minister Israel Katz renewed warnings that Israel would "cripple" Iran's military and civilian infrastructure, including energy facilities.

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ANZ analysts raised their Brent crude forecast on Friday to $95 a barrel in the short term, with upside risk if the Middle East conflict intensifies.

"The market is entering a delicate adaptation phase. Elevated inventories helped absorb the initial supply crisis, but the challenge is now to keep the market balanced as ‌those ⁠buffers diminish," the analysts said.

U.S. Vice President JD Vance told reporters on Thursday that Washington does not plan to hold talks with Iran unless Tehran stops attacking commercial shipping in the Strait of Hormuz.

Capping oil's advance, however, Russian President Vladimir Putin said there remained a path to a deal to ⁠end the war in Ukraine, adding that both the U.S. and China were prepared to support a peace settlement.

Meanwhile, Iran expanded its list of vessels it deems non-compliant and subject to fines, confiscation or detention if ⁠they attempt to transit the strait. Iraqi ships remain among the few vessels Tehran has cleared to pass through Hormuz.

Iraq increased its oil exports to around 2.34 million barrels ⁠per day in August from about 1.35 million bpd in July, two Iraqi energy officials said on Wednesday, with September exports also expected to increase as heavy discounts and Iranian approvals for Iraqi tankers encouraged buyers. (REUTERS)

https://www.shafaq.com/en/Economy/Oil-heads-for-sharp-weekly-gain-on-US-Iran-tensions

Gold Holds Steady Ahead Of US Payrolls Data

2026-09-04 Shafaq News Gold prices were steady on Friday and poised for a modest weekly gain, as ‌traders' attention turned to key U.S. payrolls data for clues on the Federal Reserve's next interest rate decision.

Spot gold held its ground at $4,469.26 per ounce, as of 0633 GMT. Prices jumped 2% on Thursday as traders scaled back expectations for a September rate hike after Fed Governor Christopher Waller said he would support leaving rates ⁠unchanged if data continued to show inflation pressures moderating.

U.S. gold futures for December delivery fell 0.5% to $4,515.70.

Traders are pricing in an about 50% chance of a Fed rate hike later this month, according to the CME FedWatch Tool.

The U.S. nonfarm payrolls report is due at 1230 GMT.

"Weak figures and a rise in unemployment could weaken the case for a rate hike. In this case, gold could recover. However, the metal could remain exposed to changing sentiment, with inflation data releases coming next week," said Ross Maxwell, global ‌strategy ⁠operations lead, VT Markets.

"The market continues to benefit from central bank demand, which could limit the extent of any decline."

Though gold is often viewed as an inflation hedge, elevated interest rates tend to weigh on the non-yielding asset.

Data on Thursday showed the number of Americans filing claims for unemployment ⁠benefits rose marginally last week amid low layoffs, pointing to stable labour market conditions.

Meanwhile, U.S. Vice President JD Vance said the fighting between Washington and Tehran was not a war and declined to provide ⁠a timeline for when the conflict would be over, underscoring the challenge the Trump administration faces as the hostilities enter their seventh month and mid-term elections loom.

Among other ⁠metals, spot silver fell 0.5% to $66.59 per ounce. Platinum lost 1.2% to $1,803.53 and palladium declined nearly 1.3% to $1,403.03, with both metals on track for slight weekly declines. (REUTERS)

https://www.shafaq.com/en/Economy/Gold-holds-steady-ahead-of-US-payrolls-data

DINARRECAPS8 9/4/26 DINARRECAPS8 9/4/26

Seeds of Wisdom RV and Economics Updates Friday Morning 9-4-26

Good Morning Dinar Recaps,

CHINESE BANKS RETURN TO U.S. TREASURIES: DOLLAR DEPOSITS REVEAL A SHIFT IN GLOBAL CAPITAL FLOWS

Chinese commercial banks are increasing purchases of U.S. Treasuries after attracting more dollar deposits, highlighting the complicated relationship between de-dollarization, dollar liquidity and global demand for U.S. government debt.

Good Morning Dinar Recaps,

CHINESE BANKS RETURN TO U.S. TREASURIES: DOLLAR DEPOSITS REVEAL A SHIFT IN GLOBAL CAPITAL FLOWS

OVERVIEW

Chinese Bank Shift: Chinese commercial banks have been buying U.S. Treasuries after raising interest rates on U.S. dollar deposits, according to sources cited by Reuters.
Dollar Liquidity Is Rising: China's foreign-exchange deposits reached approximately $1.18 trillion by the end of July, up 17.9% from a year earlier as exports and trade surpluses generated more dollar liquidity.
A Complicated Dollar Story: The development shows that China's financial system can pursue greater use of the yuan while Chinese banks simultaneously find U.S. dollar assets attractive, particularly when Treasury yields exceed returns available in China's domestic bond market.

KEY DEVELOPMENTS

1. Chinese Banks Are Buying Treasuries Again

Chinese commercial banks have increased purchases of U.S. Treasury securities in recent months, according to people familiar with the transactions.

The purchases follow an increase in the interest rates banks are offering customers on U.S. dollar deposits.

That represents an important shift in behavior because the banks are effectively attracting dollar liquidity from customers and then putting some of those dollars into U.S. government securities.

The development does not mean China has reversed its longer-term reduction in official Treasury holdings. Instead, it shows that commercial banks can respond to market incentives even while China's broader financial strategy continues to diversify.

2. Dollar Deposits Are Becoming More Attractive Inside China

Chinese banks have been raising rates on dollar deposits, with some smaller and foreign banks offering rates above 3% and in some cases approaching 4%, according to Reuters sources.

That compares with yuan deposit rates of roughly 0.95% at major state-owned banks.

The difference creates an incentive for Chinese customers to retain or increase dollar balances rather than immediately converting those funds into yuan.

For banks, those deposits also provide a pool of dollar funding that can be invested in relatively high-yielding U.S. Treasury securities.

3. China's Dollar Liquidity Has Increased Sharply

China's foreign-exchange deposits reached $1.18 trillion at the end of July, representing a 17.9% increase from a year earlier.

Reuters attributed the increase partly to China's strong exports and record trade surpluses.

That means a significant amount of dollar liquidity is accumulating within China's financial system—even as policymakers continue to manage the yuan and encourage development of alternatives to dollar-based finance.

This is one of the most important aspects of the story.

Dollar diversification does not necessarily mean immediate dollar disappearance.

Global financial systems can become more diversified while still maintaining substantial demand for dollars.

4. China's Official Treasury Holdings Tell a Different Story

The latest official Treasury data provide an important counterpoint.
China's reported holdings of U.S. Treasuries fell to approximately $633.4 billion in June, down from $659.3 billion in May and the lowest level since September 2008.
China remained the third-largest foreign holder of Treasuries, but its official holdings were down more than 13% from a year earlier.
Therefore, the new commercial-bank purchases should not be interpreted as proof that China's government has begun rebuilding its official Treasury position.
The more significant development is that private banking flows are responding to Treasury yields and dollar liquidity even while official Chinese Treasury holdings remain substantially below their historical levels.

5. The Global Capital-Flow Picture Is Becoming More Complex

This development comes at a time when the Treasury market itself is undergoing significant repricing.

U.S. Treasury yields have risen sharply, while Chinese domestic bond yields remain comparatively low. That makes dollar-denominated U.S. government securities more attractive to financial institutions seeking yield on their dollar assets.

The result is an increasingly complicated global capital picture:

China accumulates dollar liquidity → banks attract dollar deposits → some dollars move into Treasuries → Treasury demand receives support.

At the same time:

China continues developing alternative payment and reserve arrangements → official Treasury holdings remain below historical levels → global financial diversification continues.

These developments can happen simultaneously.

WHY IT MATTERS

Economy

China's enormous trade surplus generates substantial foreign-exchange liquidity.

How that liquidity is held and invested can influence both China's currency management and the international financial system.

Markets

The development demonstrates that Treasury demand does not come only from foreign governments and central banks.

Commercial banks, corporations, investment funds and private investors can also become important channels through which international dollars ultimately flow into U.S. government debt.

Policy

Chinese policymakers face a delicate balance.

A stronger yuan can reduce the cost of imports and increase purchasing power, but rapid appreciation can create challenges for exporters and domestic economic conditions.

Encouraging dollar deposits can help banks manage dollar liquidity while potentially reducing pressure for those dollars to be immediately converted into yuan.

Global System

The most important takeaway may be that the global monetary system is becoming more complex rather than simply moving from one currency to another.

China can promote yuan internationalization and alternative financial infrastructure while Chinese financial institutions continue using dollars and U.S. Treasury securities when market conditions make them attractive.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

Dollar demand: Rising dollar deposits in China demonstrate that international demand for dollars can remain strong even while countries pursue currency diversification.
Treasury yields: Higher U.S. yields can attract foreign financial institutions seeking better returns on dollar assets.
Currency values: Capital moving between dollars, yuan and other currencies can influence exchange rates and the relative purchasing power of currencies.
Capital flows: Foreign-currency holders should watch where international dollar liquidity is moving—not simply whether a country officially increases or decreases its Treasury holdings.
Diversification: The larger trend is toward a more complicated currency system in which multiple currencies and financial assets can coexist rather than one immediately replacing another.

IMPLICATIONS FOR THE GLOBAL RESET

Pillar 1: Assets

The Treasury market remains a major destination for global capital even as countries diversify their reserve and payment systems.

China's commercial-bank activity demonstrates that dollar assets can continue attracting capital because of yield and liquidity, even while official institutions reduce their exposure.

That makes the future of the Treasury market a key indicator of how global investors are reallocating capital.

Pillar 2: Trade

China's expanding dollar liquidity is closely connected to its export strength and trade surplus.

Trade generates the foreign currency that financial institutions must ultimately hold, convert or invest.

As global trade becomes more diversified geographically and financially, the question is increasingly not simply which currency dominates trade, but where the resulting foreign-currency liquidity is ultimately invested.

CONCLUSION

The latest Chinese banking activity challenges the idea that global financial diversification is a simple story of “China abandoning the dollar.”

The evidence points to something considerably more complicated.

China's official Treasury holdings have fallen dramatically from their historical highs, yet Chinese commercial banks are now attracting more dollar deposits and purchasing U.S. Treasuries because the returns can be attractive relative to China's domestic bond market.

That creates an important distinction between de-dollarization and reduced dollar usage.

The global financial system may be moving toward greater currency diversification without eliminating the dollar's role in trade, banking, liquidity and investment.

For foreign currency holders, that is an important distinction. The next phase of the global monetary system may be defined less by one currency replacing another and more by competing currencies operating within a more diversified global capital structure.

China's relationship with the dollar is not simply disappearing—it is changing, and the movement of those dollars may tell us more about the future financial system than official reserve headlines alone.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

~~~~~~~~~~

🌱 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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Thank you Dinar Recaps

DINARRECAPS8 9/3/26 DINARRECAPS8 9/3/26

Iraq Economic News and Points To Ponder Thursday Evening 9-3-26

A Silent Crisis is Hitting Private Banks... and a Source Warns: "Al-Taif" May Not Be the Last.

Last updated: September 3, 2026 Al-Mustaqilla / Special / - Iraqi private banks are entering a very sensitive phase, amid warnings of widening liquidity problems and the inability of some banking institutions to meet their obligations to their depositors, at a time when the sector is undergoing a broad restructuring and evaluation process led by the Central Bank of Iraq.

A Silent Crisis is Hitting Private Banks... and a Source Warns: "Al-Taif" May Not Be the Last.

An informed banking source revealed to Al-Mustaqila that the situation within a part of the private banking sector is going through one of its most difficult phases in recent years, warning that the problems that have appeared in Al-Taif Islamic Bank may not be an isolated case, according to his assessment.

The source said that there are other private banks facing varying degrees of financial and liquidity pressures, noting that there are complaints from depositors about delays in receiving their money or difficulty in withdrawing amounts from their accounts at some banks.

He added that “there are cases whose details have not been officially announced to the public yet,” calling on the Central Bank of Iraq to intensify its scrutiny of the financial solvency and actual liquidity of private banks, and to ensure their ability to return depositors’ money on demand.

Is "The Spectrum" The Beginning Of A Bigger Project?

These warnings come after the Central Bank of Iraq’s decision on September 2, 2026, to place Al-Taif Islamic Bank for Investment and Finance under receivership for 18 months, after confirming the existence of “serious violations” that affected the bank’s financial position and depositors’ funds.

This decision gives an indication that regulatory authorities are becoming more stringent in dealing with banks whose financial situations may pose a risk to depositors' funds or to the integrity of banking operations.

But the source from “Al-Mustaqilla” goes further, as he believes that the need today is not to address the situation of just one bank, but rather to conduct a comprehensive review of the conditions of private banks that show signs of weakness in liquidity or failure to meet their obligations towards customers.

Depositors Are Waiting For Their Money.

According to information obtained by “Al-Mustaqila”, one of the most prominent indicators that warrants regulatory investigation is the existence of complaints related to the difficulty of some depositors obtaining their full funds immediately in a number of banks.

The source emphasizes that any repeated delays or unjustified restrictions on withdrawals should prompt regulators to check the bank’s financial position and match the amount of liquidity available with its obligations to the public.

Al-Mustaqilla cannot currently confirm the number of banks facing such problems independently, and the Central Bank of Iraq has not yet issued an official statement indicating that “dozens of banks” are suffering from conditions similar to Al-Taif Bank.

Therefore, this information remains within the framework of what the banking source revealed to “Al-Mustaqila” and requires regulatory scrutiny and official disclosures that determine the true extent of the problem.

Banking Reform Could Change The Landscape Of The Sector

The current concerns come in conjunction with the largest private banking sector reform program in Iraq in recent years.

The Central Bank had announced that Iraqi banks were required to choose one of three paths within the reform program: to continue as an independent banking institution, to merge with other banks, or to exit the market, with the banks subject to assessments related to minimum requirements, governance, compliance and financial performance.

This means that the current Iraqi banking landscape may not remain the same in the coming period, especially with the continuation of auditing processes and the identification of banks capable of meeting the new requirements.

The Central Bank previously confirmed that the reform process aims to raise the levels of compliance, governance and transparency, improve institutional performance and enhance the resilience of the banking sector.

The Decline In Deposits Increases The Sensitivity Of The Current Phase.

The issue becomes more sensitive with the decline in total bank deposits during the first months of the year.

According to official data published in August, total deposits in Iraqi banks amounted to about 104.296 trillion dinars by the end of May 2026, down from 104.727 trillion in April and 105.090 trillion in March, meaning that deposits recorded a decline for three consecutive months.

This decline in itself does not mean there is a full-blown banking crisis, but it makes the issue of confidence, liquidity, and the ability of banks to meet withdrawal requests more important for regulators.

Source To Al-Mustaqilla: Protecting Depositors Must Be The Priority

The source calls on the Central Bank of Iraq to take clearer steps towards banks that prove unable to meet their obligations, stressing that protecting citizens’ money must take precedence over any other consideration.

He added that addressing problems in their early stages can prevent the crisis from spreading from a single bank to a wider loss of confidence in the private banking sector.

The source stresses that the anticipated measures, in his opinion, should include a review of the actual liquidity size, the ratio of deposits to liquid assets, non-performing loans, transfers and transactions with parties related to the bank, in addition to each bank’s ability to meet customer withdrawals without delay.

The Most Serious Question Is: How Many Banks Might Face The Same Fate?

So far, there is no official list of other banks that will be placed under guardianship or liquidation, and it cannot be said with certainty that the situation of Al-Taif Bank applies to other banking institutions.

But the guardianship decision, in parallel with the reform program that presents banks with options to continue, merge or exit, makes the next stage open to decisions that may completely redraw the map of the Iraqi banking sector.

The Questions That Remain Are:

Are there really other banks that are unable to meet the demands of their depositors?

What is the amount of money that might be at risk?

Will the central bank announce the results of its evaluation of banks transparently to the public?

Will the guardianship of Al-Taif Bank be an isolated case, or the beginning of a series of broader banking measures?

https://mustaqila.com/أزمة-صامتة-تضرب-المصارف-الأهلية-ومصدر/

The Disappearance Of Small Denomination Coins Is Causing "Daily Disruption" In Iraqi Markets.

2026-09-03 Shafaq News - Kirkuk Local markets in Kirkuk Governorate are experiencing increasing difficulty in obtaining small denomination banknotes of 250, 500 and 1000 dinars, amid complaints from traders and citizens about their scarcity in daily transactions.

Shop owners say that what is available is often old, worn out or torn, which makes it more difficult to use in buying and selling operations

At first glance, the problem seems to contradict the available figures on the volume of small banknotes in Iraq, as recent data indicates the existence of hundreds of millions of banknotes of these denominations.

However, their presence in the monetary data does not necessarily mean that all of them are actually available for circulation or in good condition, which raises questions about the cash cycle and the mechanisms for withdrawing damaged banknotes, replacing them, and injecting new alternatives into the markets.

Daily Confusion

Abbas Ahmed, a shop owner in the Doctors Street market in Kirkuk, told Shafaq News Agency, "Obtaining 250, 500, and 1000 dinar notes has become more difficult than before, and the problem becomes clear when a customer pays their bill in large denominations, forcing us to ask the customer to buy another item with the remaining amount."

He points out that some of the small bills that arrive at the shops are in poor condition, as they are torn, dirty, or worn out as a result of frequent handling, which makes it difficult for some merchants and citizens to accept them.

He adds: "The continuation of this creates daily confusion in the markets, especially for shops that deal with large numbers of customers," stressing that the problem is not related to the value of the small banknote as much as it is related to its role in completing commercial transactions.

For his part, Samir Abdullah, the owner of a currency exchange shop on Al-Jumhuriya Street in Kirkuk, told Shafaq News Agency that the demand for small denominations has increased significantly, while it is difficult to provide them in the quantities needed by the market.

It shows that citizens and merchants resort to exchange shops to obtain small denominations, but the available quantities are not stable, and the problem increases when the papers offered for exchange are in a damaged condition.

He adds that small banknotes are passed between large numbers of people in a short period, which makes them more susceptible to damage compared to larger denominations, noting that some of the banknotes that reach the banking system need to be replaced instead of being put back into circulation.

Abdullah believes that the solution is not limited to injecting new banknotes only, but also requires withdrawing damaged banknotes from circulation on a regular basis, because their continued existence reduces the amount of usable cash even if official figures indicate the existence of large numbers of these denominations.

In the Citadel market in Kirkuk, wholesalers face the same problem. Hamza al-Jabari, the owner of a wholesale shop, told Shafaq News Agency that the shortage of small denominations has become part of daily transactions in the market.

He adds: "Wholesale and retail sales sometimes require returning small amounts to customers, but the lack of these amounts leaves the merchant with limited options, including rounding the price or adding another item instead of the remaining cash amount."

He points out that some traders keep the 250, 500 and 1000 dinar notes they receive and do not use them in other transactions except when necessary, for fear that they will not be able to obtain them again, which in turn leads to a reduction in the movement of these denominations within the market.

He points out that "the problem seems simple from a financial standpoint, but its effects expand when it is repeated thousands of times daily, especially in popular markets, food stores, bakeries, transportation, and other activities that depend on direct cash transactions."

Hundreds Of Millions Of Papers

The latest estimates published in 2026 indicate that the volume of small denomination banknotes does not necessarily reflect what the average citizen sees in the market.

According to Shafaq News Agency’s monitoring of cash issuance data, the number of 1000 dinar notes increased from 718 million notes in 2022 to 775 million notes in 2026, while the number of 250 dinar notes increased from 795 million notes to 818 million notes during the same period, while the 500 dinar note decreased slightly from 147 million notes to 145.4 million notes.

Thus, the total number of banknotes of the three categories amounts to approximately 1.738 billion banknotes according to these estimates for 2026, compared to approximately 1.660 billion banknotes in 2022, an increase of approximately 78.4 million banknotes.

The figures show that the 1,000 dinar denomination recorded an increase of about 57 million notes, while the 250 dinar denomination increased by about 23 million notes, while the 500 dinar denomination decreased by about 1.6 million notes.

However, these figures do not mean that all 1.738 billion banknotes are in citizens' pockets or store safes and in good condition for circulation.

They reflect the number of banknotes within the monetary issuance data and do not represent a field survey of the actual quantity of banknotes in circulation or the percentage of damaged ones. This is a crucial point when explaining the problem of the shortage of small denominations.

The Central Bank of Iraq still includes the 250, 500 and 1000 dinar denominations among the officially circulating banknotes, confirming when issuing the second edition of banknotes that the previous banknotes will continue to circulate alongside the new issues, without any intention of withdrawing them from circulation.

Damaged Problem

Economic expert Ali Khalil told Shafaq News Agency that the problem of small denominations should not be measured only by the number of notes issued by the Central Bank, but by the number of notes that are actually valid for circulation.

He says that small batches are subject to high rates of consumption and damage due to their frequent transfer between individuals, and therefore part of the exported quantity may have gone out of circulation or become in need of replacement.

He adds that "the presence of more than one billion banknotes of the three categories within the monetary data does not necessarily mean that there is a surplus of them in the markets, because a banknote that becomes damaged loses its practical ability to perform its function, even if it remains counted within the number of banknotes that were issued."

He points out that addressing the problem requires strengthening mechanisms for replacing damaged banknotes, ensuring that new banknotes reach the markets continuously, and monitoring the movement of cash between banks, exchange offices, and merchants.

Khalil confirms that "the shortage of small denominations is reflected in daily pricing, and may lead to inaccurate approximation of prices, which can sometimes burden the consumer with small additional amounts, but it becomes significant when it is repeated continuously"

Central Bank Instructions

Official data indicates that the Central Bank of Iraq already has specific mechanisms for dealing with damaged banknotes, as it has published official standards for their replacement, which include different conditions and procedures depending on the nature of the damage to the banknote.

An official electronic service is also available through the Ur portal for submitting requests to replace damaged banknotes at the Central Bank of Iraq, allowing citizens to submit their requests according to the approved procedures.

These procedures indicate that dealing with damaged banknotes is not the responsibility of the citizen alone, but is part of the cash management system that includes banks, the central bank, and mechanisms for withdrawing invalid banknotes and replacing them with banknotes that are negotiable.

In 2020, the Central Bank issued a decision to reinstate the penalty for shortages on small denominations, namely 1000, 500 and 250 dinars, effective from October 1, 2020, in accordance with the instructions on standards for the circulation and exchange of banknotes and counting and sorting mechanisms.

This reflects the monetary policy's interest in providing small denominations in the monetary system, given their widespread use in daily transactions.

Citizens Face A "Change" Crisis

Suhad Ibrahim, an employee, told Shafaq News Agency that citizens are the most affected by the problem because they cannot control the availability of small denominations when they buy their daily needs.

She adds that the customer may pay more than the value of the item, but sometimes does not receive the full change, or is forced to buy something else so as not to lose the remaining amount, noting that this problem is repeated in shops, markets and means of transportation.

She explains that providing small change in good condition will make everyday transactions easier, especially for employees and low-income earners who deal with small amounts frequently.

Between Numbers And Reality

The problem of small change reveals a potential gap between the amount of cash recorded in the monetary issuance data and the cash actually available for daily circulation in good condition.

Available figures indicate that there are hundreds of millions of banknotes in denominations of 250, 500 and 1000 dinars, but traders in Kirkuk say they are having difficulty obtaining them, while money changers confirm that part of what they receive is damaged or worn out.

Therefore, the question that arises is not only about the number of notes issued, but also about the volume of notes that are actually valid for trading, the amount that was withdrawn from the market due to damage, and how quickly it was replaced with new notes.

Economists believe that addressing the problem requires more detailed data on the number of damaged banknotes withdrawn annually, the quantities of new banknotes injected into each denomination, and their geographical distribution among the governorates.

With a large segment of Iraqis continuing to rely on cash transactions, small denominations remain an essential part of daily economic life, despite their low nominal value.

While available data shows an increase in the number of 250 and 1000 dinar notes since 2022, and a slight decrease in the 500 dinar note, market complaints indicate that the real challenge lies in the availability of these notes in good condition and in the right place and time.

Hence, there seems to be a need to strengthen the cycle of replacing damaged currency, and to ensure that small denominations have access to banks, exchange offices and markets, in order to prevent the problem of "change" from turning into a daily crisis for both the citizen and the merchant.

https://www.shafaq.com/ar/تقارير-وتحليلات/اختفا-العملات-النقدية-الصغيرة-يتسبب-بـ-رباك-يومي-في-ال-سواق-العراقية

DINARRECAPS8 9/3/26 DINARRECAPS8 9/3/26

The Candlestick Makers Are Back, and This Time They're Not Joking

Notes From the Field By James Hickman (Simon Black / Sovereign man) September 3, 2026

In 1845, the French economist Frédéric Bastiat petitioned parliament on behalf of the nation's candlestick makers. They were being ruined, he wrote, by an unscrupulous rival that was flooding the market with light at a price no honest candlestick maker could match.

The Candlestick Makers Are Back, and This Time They're Not Joking

Notes From the Field By James Hickman (Simon Black / Sovereign man) September 3, 2026

This light-producing rival, of course, was the sun.

And Bastiat satirically demanded "a law requiring the closing of all windows, dormers, skylights, inside and outside shutters, curtains… in short, all openings, holes, chinks and fissures" to ensure that no sunlight could enter French homes.

Think of the jobs this would create. "If more tallow [curtains] be consumed, there will arise a necessity for an increase of cattle and sheep," the petition argued. "Thousands of vessels would soon be employed in the whale fisheries [for oil]."

Bastiat, one of history's most famous proponents of free markets, was obviously joking. He wrote the petition to mock the tariff wall that sheltered France's industries from cheap foreign goods— block the cheaper competitor, protect the domestic producer, count the jobs saved.

No one counted the cost of protectionism: everyone else paying more for everything, and the whole country became poorer.

Yet decade after decade since, every new innovation has been met with exactly this kind of uproar. And nobody is joking.

It wasn't so long ago that taxi drivers were up in arms over Uber undercutting their prices. In June 2015, nearly 3,000 of them shut down parts of Paris, burning tires and blocking airport roads, because Uber's cheap service didn't require the professional taxi license that could cost $270,000.

The French government caved within a day, ordering police to seize the unlicensed Uber drivers' cars.

Now the wheel has turned. Waymo's robotaxis launched in Atlanta in June 2025, bookable through the Uber app of all places. And Uber drivers say the competition is cutting their pay.

Naturally the Atlanta Rideshare Drivers Union wants the city to slap a $0.50 to $1.00 fee on every robotaxi ride, paid into a "driver transition fund," plus a ban on robo pickups at the Atlanta airport.

If only they could tax the sun for the candlestick makers.

The federal government runs the same play, just bigger.

In January 2025, the Commerce Department finalized its ‘Connected Vehicle Rule’, which bans cars with Chinese-linked software from the US market, starting with the 2027 model year.

The stated reason is national security: keeping foreign adversaries out of the cameras, microphones, and GPS units on American streets.

That's a real concern, to be fair. But then came the carve-outs.

Volvo, majority-owned by China's Geely, got authorization in May to keep selling. Ford, after talks with the department, decided its China-built Lincoln Nautilus doesn't need an exemption at all.

But Polestar— owned by the same Chinese parent as Volvo— was shut out and is leaving the US market.

The Commerce Department doesn't publish these decisions or its reasoning, so nobody outside the building knows why one Geely brand got a green light and the other got kicked out of America.

Let’s be honest: if these Chinese cars were really a security threat, there would be no carve-outs to negotiate. There would be a flat ban. No exceptions.

The real threat of cheap Chinese cars is to the profits of American automakers; Chinese cars are very inexpensive— like a decent quality mid-size SUV for around $20k. So many US buyers would start driving Chinese that the American automakers would either have to adapt and compete... or suffer catastrophic losses.

The end result of these bans is less competition, meaning Americans end up paying more for their vehicles.

Just add this to the long list of things which governments, from city councils to federal regulators, make more expensive.

Yesterday we wrote about how federal influence over local building codes adds $132,000 to the average new home.

Today it's how they're making buying a car and taking a quick trip more expensive.

Ask California how it's doing on that nonexistent high-speed rail… $15 billion and 18 years in, without a mile of track. Or ask Europeans, where climate fuel mandates are already tacking surcharges onto every plane ticket.

The receipts are everywhere: everything the government touches becomes more expensive.

College tuition is up about 1,200% since 1980— the surge began as soon as the federal government made itself the nation's student lender.

Since Obamacare passed, the average family health insurance premium has nearly doubled.

Even junk food became more expensive due to government food subsidies; in fact the moment 18 states pulled soda and snacks off the food stamp list, PepsiCo cut prices on Doritos and Lay's by up to 15%.

Housing, transportation, food, healthcare, education— all swamped by government interference, all quickly became less affordable.

And underneath all of it, bringing the whole pot to a boil, is the inflation that politicians and regulators caused with their own spending.

Yet who do they blame? Greedy corporations.

Inflation has nothing to do with greed. It has everything to do with incompetence and irresponsibility.

Bastiat's joke was that nobody would ever actually file the candlestick makers' petition. Yet 181 years later, what started as satire is taking place every single day.

A political class that treats cheaper goods and services as a threat is deliberately choosing to make the country poorer.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

PS: A government that treats cheaper as a threat isn't going to start choosing growth anytime soon. That's exactly why we publish Plan B Confidential— our flagship research on legal, practical ways to diversify your savings, your income, and even your residency beyond any single government's bad decisions.

https://www.schiffsovereign.com/trends/the-candlestick-makers-are-back-and-this-time-theyre-not-joking-155789/?inf_contact_key=b0ef6370a6dded2c719cd076e817921372bed8fb19cd27e28b7566817f14a196

Dinar Recaps 20 9/3/26 Dinar Recaps 20 9/3/26

Reset Intelligence: Level Playing Field

Reset Intelligence: Level Playing Field

9-3-2026

Reset Intelligence: Level Playing Field

9-3-2026

Level Playing Field

By Reset Intelligence | @EXIT_FIAT

The G20 closed in Asheville with the loudest clips doing the least work. The US Treasury Secretary put exchange rates on the official record as a policy-choice cause of global imbalances, and the word he used for the destination was equilibrium.

Within the same 48 hours, his department told Japan its currency sits below its fundamentals and should rise, and told Iran its money is finished.

The Three Lines

Hosting the world’s 20 largest economies, Scott Bessent read a negotiated text into the record. Global imbalances do not arise by accident. They are the cumulative result of policy choices on savings, consumption, investment, subsidies, market access, and exchange rates. They matter most when they are excessive, persistent, and larger than the fundamentals warrant. And the objective of the whole G20 workstream is to identify which policy choices can restore equilibrium.

The members agreed the test, agreed the harm hits surplus and deficit economies alike, and handed the IMF and the OECD the job of watching for the gaps. The Chair’s Statement also wrote free, safe and predictable navigation through the Strait of Hormuz into the G20’s own record.

The Loud Half of the Same Treasury

The clips that traveled were about Iran. Bessent told the regime on worldwide television that Treasury knows its British Virgin Islands trust accounts and its $100 million houses, promised a bank sanction this week and another the week after, and said the regime’s stolen assets go back to the Iranian people or to the victims of its terror. He also said the sentence printed on the cover of our book: we are burying the head of the Iranian snake.

The Board Kept Moving

• Kurdistan payroll – public salaries came off cash on September 1, routed onto bank cards through the MyAccount system

• Parliament – the new legislative term is set to open within days, with the vote on the 9 remaining cabinet posts to follow

• The central bank – Tuesday’s deposit auction ran routine at 5.25%, the quiet posture that holds until the day it does not

• The 2027 budget – the paper that writes the dinar’s value into law stays on schedule for parliament by mid-September

• Venezuela – the National Assembly backed the US oil arrangement as Energy Secretary Wright arrived in Caracas to advance it

That is the short version. The full briefing walks the three lines of the speech, the yen precedent, what the 20 signed, and why a currency held below its fundamentals for 2 decades is the textbook entry under the test the referees just agreed – with every source verified.

The referees just published the rule. The only question left is who is positioned when the whistle blows.

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https://dinarchronicles.com/2026/09/03/reset-intelligence-level-playing-field/

DINARRECAPS8 9/3/26 DINARRECAPS8 9/3/26

Iraq Economic News and Points To Ponder Thursday Afternoon 9-3-26

Small Banknote Shortage Causes Daily Disruption In Kirkuk Markets

2026-09-03 Shafaq News- Kirkuk Merchants and residents in Kirkuk, northern Iraq, are increasingly struggling to obtain 250-dinar ($0.19), 500-dinar ($0.38) and 1,000-dinar ($0.76) banknotes, with traders reporting shortages of small denominations and growing difficulties using worn or damaged notes in daily transactions.

Small Banknote Shortage Causes Daily Disruption In Kirkuk Markets