Iraq Economic News and Points To Ponder Monday Afternoon 10-19-26

Finance Minister Orders Rafidain Bank To Resume Lending

 2026-10-19 Shafaq News- Baghdad  Iraq’s Finance Minister Falih Al-Sari on Monday instructed state-owned Rafidain Bank to resume lending to public-sector employees, streamline loan applications, and expand financing for private businesses.

During a visit to the bank, Al-Sari met Director General Ali Karim and other officials to review operations and services, calling for faster loan processing and fewer administrative requirements. Bank management also presented plans to automate procedures and upgrade digital systems

The minister pressed for easier access to credit for private companies, particularly those undertaking production and investment projects, alongside improvements to the bank’s technical infrastructure and customer services.

He also inaugurated a branch at Rafidain’s headquarters dedicated to business clients, offering specialized services and faster transactions.

The directive comes after months of lending restrictions at state-owned banks. By September, most had suspended loans and salary advances because of liquidity shortages, while Central Bank data showed deposits falling 5.6% and cash credit contracting 5.4% in the first half of 2026.

An informed source previously linked the lending freeze at Rafidain and Rasheed banks to declining liquidity, poor credit planning, and delays in technological modernization. Both institutions have also faced regulatory scrutiny over their lending practices, investment financing, and liquidity management.

Read more: Iraq’s private banks: Capital Growth and the structural credit gap

Iraqi PM Orders Oil Production Capacity Boost

2026-10-18 15:15   Shafaq News- Baghdad  Iraqi Prime Minister Ali Al-Zaidi on Sunday directed the Oil Ministry to implement government plans to increase crude oil production capacity and revenues as regional conflicts continue to put pressure on Iraq's economy, his office said.

Al-Zaidi issued the directive during a visit to the ministry's headquarters in Baghdad, his second since the government took office five months ago.

Al-Zaidi said the government would take steps to increase oil revenues but did not specify them. He also called for addressing previous mistakes and shortcomings in the oil sector, saying he had instructed the Federal Commission of Integrity to follow up on corruption cases he blamed for inaction and lost opportunities to develop the sector.

The deputy prime minister for energy affairs will be tasked with following up on the ministry's work, including oil production and exports.

The directives follow a 53% year-on-year decline in Iraq's oil revenues during the first seven months of 2026, according to Finance Ministry accounts cited by the country's federal revenue oversight authority. Iraq relies heavily on crude exports to finance public spending, leaving its economy vulnerable to disruptions in the Strait of Hormuz caused by the US-Israeli war on Iran.

Iraqi oil production recovered to 4.4 million barrels per day in September, its highest level this year, according to the Financial Times, although renewed attacks on shipping in October have threatened that recovery. Seven OPEC+ producers, including Iraq, agreed on October 4 to maintain their September production targets for November. Separately, a review of members' sustainable production capacity for 2027 remains delayed.

Read more: No exit but Hormuz: Iraq's economic vulnerability exposed

https://shafaq.com/en/Economy/Iraqi-PM-orders-oil-production-capacity-boost

Gold Steadies In Baghdad, Ticks Up In Erbil

2026-10-19 04:58    Shafaq News- Baghdad/ Erbil  On Monday, gold prices held steady in Baghdad but edged higher in Erbil markets, hovering around one million IQD per mithqal, according to a Shafaq News survey.

Gold prices on Baghdad’s Al-Nahr Street recorded a selling price of 990,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 986,000 IQD, unchanged from Sunday.

The selling price for 21-carat Iraqi gold stood at 960,000 IQD, while the buying price reached 956,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 990,000 and 1,000,000 IQD, while Iraqi gold sold for between 960,000 and 970,000 IQD.

In Erbil, 22-carat gold was sold at 1,050,000 IQD per mithqal, 21-carat gold at 1,002,000 IQD, and 18-carat gold at 860,000 IQD. https://shafaq.com/en/Economy/Gold-steadies-in-Baghdad-ticks-up-in-Erbil

US Dollar Falls In Baghdad And Erbil

2026-10-19 10:01   Shafaq News- Baghdad/ Erbil The US dollar closed Monday’s trading lower in Iraq, hovering around 168,300 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchange markets at 168,350 dinars per 100 dollars, down from the morning session’s 168,600 dinars.

In the Iraqi capital, exchange shops sold the dollar at 168,750 dinars and bought it at 167,750 dinars, while in Erbil, selling prices stood at 168,250 dinars and buying prices at 168,150 dinars.

https://shafaq.com/en/Economy/US-dollar-falls-in-Baghdad-and-Erbil-9

Dollar Rebounds In Asia With French Protests Pressure On Euro

Money and business    Economy News — Follow-up  The dollar rose at the start of Asian trading on Monday from levels close to its lowest level of the month, while violent protests in France pressured the euro.

The euro fell 0.1% to $1.1225 as trading began in Asia, and the decline of the single currency, which has the largest weight in the dollar index, helped stabilize the US currency, which traded at 101.83.

Kieran Williams, director of Asian currencies at N Touch Capital Markets in London, said: “Weekend disruptions are more and more influential for the euro, mainly through French bonds than directly.

The dollar held steady against the yen at 158 yen after Bank of Japan Governor Kazuo Ueda said on Monday that core inflation was “very close” to the central bank’s 2 percent target.

The dollar held steady at 6.6842 yuan in foreign trading, ahead of the release of Chinese GDP data for the third quarter, and the Chinese economy is expected to have accelerated slightly in the period, after hitting its lowest level in more than three years.

In emerging Asia markets, much of the attention will be focused on the Indonesian rupee after the threat (M. S. C.C. I*, last week, downgraded the country’s stock market to “independent” position, which led to a 11.6% contraction in stocks.

The rupee touched its weakest level in about three months on Friday, closing at 18000 against the dollar.

The Australian dollar rose 0.3% to $0.6965, while the New Zealand dollar stabilized at $0.5656. The pound settled at $1.3329.

For cryptocurrencies, Bitcoin rose 1.4% to $82067.66, while Ether rose 3.0% to $2,420.22.

https://www.economy-news.net/content.php?id=75153

Seeds of Wisdom RV and Economics Updates Monday Afternoon 10-19-26

Good Afternoon Dinar Recaps,

GLOBAL PAYMENTS RESET WATCH: BIS EXAMINES THE RACE BETWEEN BANKS, FINTECHS AND STABLECOINS

New research from the Bank for International Settlements compares the costs and limitations of competing cross-border payment systems as the global financial industry searches for faster, more affordable ways to move money.

 OVERVIEW

• Fintech money-transfer services can significantly reduce costs compared with traditional retail bank wires.

• Stablecoins offer another payment option, but currency conversions, exchange fees, liquidity and access to bank accounts can add costs.

• The global payments landscape is evolving, with competition and interoperability becoming central to the future of international money transfers.
  

  KEY DEVELOPMENTS

1. Fintechs are challenging traditional bank transfer costs

The BIS research compares three ways to move money across borders: traditional bank wires, fintech money-transfer operators and stablecoin-based transfers.

Its findings show that fintech providers can substantially reduce costs compared with traditional retail bank wires. In the study's sample, bank foreign-exchange markups ranged from approximately 2% to 4.7%, before additional wire fees. For a $10,000 transfer from the United States to selected developed-market currency groups, median fintech costs were around 40–60.

These findings highlight why digital transfer providers are attracting attention: the cost of moving money internationally is becoming a competitive issue, not simply a banking inconvenience.

2. Stablecoins face practical limits despite their potential

Stablecoins—digital tokens designed to maintain a stable value, often by tracking a national currency such as the U.S. dollar—are frequently promoted as a faster way to transfer funds internationally.

The BIS study offers a more measured picture. Stablecoin transfers can require users to convert traditional money into digital tokens and then back into local currency. Trading fees, blockchain costs, withdrawal charges and delays in accessing funds can all affect the final price.

Stablecoins may offer favorable exchange pricing in some corridors, particularly between developed and certain emerging markets. However, thin liquidity, limited market depth and reliance on intermediaries can restrict their competitiveness.

The takeaway is not that stablecoins have no role. It is that the technology alone does not guarantee cheaper, easier or more reliable payments.

3. The future may involve competing payment systems—not one universal replacement

Banks, fintech companies and stablecoin providers are competing to improve international transfers. Each has advantages and weaknesses involving cost, liquidity, access, regulation and consumer trust.

Traditional banks already operate within established regulatory and settlement frameworks. Fintechs can streamline the customer experience and reduce fees. Stablecoins can offer digital transfer options across borders, but their usefulness depends on reliable conversion into national currencies and the ability to redeem them.

The emerging challenge is how these systems might coexist, connect and compete without creating new risks or fragmented networks.

For consumers and businesses, the most meaningful measure will be whether transfers become more affordable, transparent, accessible and dependable.

WHY IT MATTERS

Cross-border payments are essential to international trade, remittances, investment and business operations. Yet sending money between countries can still involve multiple intermediaries, currency conversions, fees and processing delays.

The BIS research matters because it examines the real costs of competing payment methods, rather than assuming that a newer technology is automatically better.

Several broader changes could follow as payment systems evolve:

• Greater competition: Banks may face pressure to reduce transfer fees and improve service.

• More payment choices: Customers could increasingly choose between traditional banking, fintech services and stablecoin-based transfers.

• Pressure for interoperability: Payment networks need ways to connect across institutions, currencies and jurisdictions.

• Greater regulatory importance: Authorities must address consumer protection, financial crime, liquidity and the safe redemption of digital money.

The research also highlights a critical point: a payment system is only as useful as its ability to connect with the rest of the financial world. A transfer that moves quickly on a digital network may still become costly or delayed when it reaches a currency-conversion service or bank account.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For people following the possibility of a global financial reset, the evolution of payment infrastructure is an important development to watch.

Faster, less expensive cross-border transfers could make international commerce and remittances more efficient. They could also influence which providers businesses use and how different forms of money circulate across borders.

However, payment modernization is not the same as currency revaluation. The BIS paper does not announce a new global currency, establish a date for a financial reset or predict that stablecoins will replace national currencies.

Foreign currency holders should focus on measurable developments:

• Are international transfer fees actually declining?

• Are more banks and payment providers connecting their systems?

• Are stablecoins becoming easier to redeem into national currencies?

• Are regulators establishing clear rules for digital payments?

• Are new systems improving access without compromising security or trust?

The practical lesson is to follow real-world adoption, published rules and demonstrated results, rather than assuming that a new payment technology will automatically increase the value of a currency.

THE FIVE PILLARS CONNECTION

• Pillar 1: Debt

More efficient payment systems may reduce transaction costs for businesses and financial institutions. However, payment innovation alone does not resolve government debt or guarantee lower borrowing costs.

• Pillar 2: Trade

International trade depends on businesses being able to pay suppliers and receive funds across borders. More competitive payment services could help reduce friction in global commerce.

• Pillar 3: Assets

Stablecoins and other digital financial instruments are becoming part of the broader conversation about how value is held and transferred. Their long-term role will depend on liquidity, redemption, regulation and market confidence.

• Pillar 4: Technology

This is the central pillar of the story. Digital payment networks, blockchain-based transfers and fintech platforms are challenging established methods of moving money. The next challenge is making different systems work together safely and efficiently.

• Pillar 5: Energy

Energy companies operate across borders and often handle large international payments. More efficient payment infrastructure could benefit energy trading and supply-chain transactions, although the BIS study does not specifically measure those effects.

THE BOTTOM LINE

The Bank for International Settlements' research offers a practical look at the competition reshaping international payments. Fintechs have demonstrated cost advantages over traditional bank wires in the study, while stablecoins offer potential benefits alongside meaningful limitations. The future will depend on whether providers can deliver lower costs, reliable access, adequate liquidity and appropriate safeguards.

For global financial reset watchers, this is a development worth following because the evolution of the global financial system may be shaped not by one replacement currency, but by how effectively different forms of money and payment networks work together.

Seeds of Wisdom Team

SOURCES

1. Bank for International Settlements — “Competing rails for crossborder payments: banks, fintechs, and stablecoins”

2. Reuters — “Stablecoin issuer Circle to push into 40 new markets, CEO says”

~~~~~~~~~~

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Monday Iraq News Posted by Tishwash at TNT 10-19-2026

TNT:

Tishwash:  Finance Ministry and World Bank discuss banking sector reform and enhancing financial management efficiency in Iraq

The Undersecretary of the Ministry of Finance, Abdul Hassan Jamal, discussed with a delegation from the World Bank ways to enhance cooperation in financial policies and develop the financial and banking sectors in Iraq.

The ministry stated in a statement followed by “Iraq Observer” issued on Sunday, October 18, 2026, that the meeting witnessed a discussion of the next steps to expand the dialogue on financial reform and the development of the banking sector, in a way that contributes to raising the efficiency of financial management in the country.

For its part, the World Bank delegation, which included Andrej Popovic and Cedric Musset, expressed its readiness to continue supporting financial projects and contributing to advancing the economic development process in Iraq.  link

Tishwash:  Al-Fatlawi speaks about steps to raise the value of the Iraqi dinar.

MP Shaima al-Fatlawi stressed on Sunday the necessity of adopting an economic and monetary policy aimed at protecting the Iraqi dinar and restoring its purchasing power, noting that the decline in the value of the local currency over the past years has negatively impacted the living conditions of citizens.

Speaking to Al-Maalouma, al-Fatlawi said, "The government should have worked to preserve and strengthen the value of the Iraqi dinar, as other countries have done to maintain the stability of their currencies, instead of resorting to measures that lead to its periodic devaluation."

She added, "Monetary policy should focus on restoring the dinar's purchasing power and achieving a more stable value," pointing out that "the experience of some countries in maintaining currency value serves as an example of the differences in monetary policies between countries, while taking into account the specific characteristics and capabilities of the Iraqi economy."

Al-Fatlawi explained that "the state's responsibility lies in protecting the local currency and limiting its devaluation," emphasizing that any "economic measures must consider their impact on citizens, markets, and living standards."

She pointed to "the importance of reducing reliance on the dollar and strengthening the role of the dinar in domestic transactions, along with adopting policies that support exchange rate stability and bolster confidence in the national currency," explaining that "achieving this requires integrated economic and monetary measures that enhance local production and support financial stability."

She stressed that "restoring the dinar's strength is not achieved simply by demanding an increase in its value, but rather requires a well-considered monetary policy and a productive economy that reduces dependence on imports, thereby contributing to protecting citizens' purchasing power and strengthening the country's economic independence."  link

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Tishwash:  Iraq opens its first satellite ground station to enhance "digital sovereignty"

On Sunday evening, Iraqi Minister of Communications Mustafa Sanad inaugurated the first Iraqi ground station for satellite communications in the capital, Baghdad, in a move he said comes within the framework of strengthening digital sovereignty and developing the communications infrastructure in the country.

During a speech he delivered at the station's opening, in the presence of a Shafaq News Agency correspondent, Sand said that the ministry is launching today the first ground station dedicated to digital sovereignty, considering its opening a step towards achieving national sovereignty in the communications sector.

He added that the project is old, but the work on it led to its completion and operation, noting that Iraq's ownership of a satellite cannot be achieved without a ground station.

Sand added that the ministry has begun implementing its vision in agreement with the official and concerned authorities, noting that there are about 1,400 stalled projects, which he said can be completed once the complications that hinder their implementation are removed.

In another context, the minister announced his intention to change the logo of the Ministry of Communications, explaining that its official adoption will be after obtaining the approval of the General Secretariat of the Council of Ministers.

For his part, Wael Al-Khalidi, Deputy CEO of the Commerce Group of Companies, said during the conference that the opening of the station represents the launch of a strategic project aimed at enhancing digital sovereignty, based on the development of infrastructure in Baghdad.

He added that the company had carried out similar work in Germany, explaining that the project in Iraq would combine an internet exchange point, a data center, and satellite communication outlets.

He pointed out that Iraq’s geographical location gives it an advantage in connecting regional and international networks between Asia, Africa and Europe, explaining that the station will contribute to providing high-speed internet and satellite broadcasting services, transmitting live broadcasts of channels, and integrating satellite communications with terrestrial networks.

He stressed that the project would provide opportunities for individuals and support economic growth, as well as generate financial returns for Iraq through expanding coverage and providing services, supporting digital education, providing alternative communication channels, and promoting data sovereignty.

The Minister of Communications had announced last Thursday that the station would be inaugurated on Sunday, explaining that it is dedicated to dealing with satellites located in geostationary orbit (GEO).

Sand also called on security and service institutions, government ministries and private sector companies to adopt the station as a main gateway for receiving and transmitting traffic, instead of relying on international infrastructure outside the scope of national sovereignty, in preparation for moving to the next stage of the Iraqi space sovereignty project.  link

Tishwash:  What conditions might the International Monetary Fund impose on Iraq?

Economic expert Nabil Al-Marsoumi revealed that Iraq has submitted a request to obtain a financing program from the International Monetary Fund, with the aim of covering the large actual deficit in the general budget, in light of the rise of internal debt to more than 109 trillion dinars, and the decline of the foreign reserves of the Central Bank of Iraq to $75.6 billion.

Al-Marsoumi stated in a Facebook post that “the Director of the International Monetary Fund, Kristalina Georgieva, said that Iraq has applied for a financing program from the international institution to cover the large actual deficit in the general budget, in light of the rise in internal debt to more than 109 trillion dinars, and the decline in the foreign reserves of the Central Bank of Iraq to $75.6 billion.”

He added that "Iraq is classified as a middle-income country, with outstanding external debts of about $13 billion, after excluding debts from the previous regime that are outstanding and unclaimed, while the total recorded external debt, with all its historical details, amounts to about $54 billion."

He added that “Iraq could obtain a credit tranche of $5.4 billion from the Fund, noting that the Fund lends to its members at a low interest rate of no more than 1.25%, while the markets lend to Iraq at more than 10%, due to Iraq’s credit rating. However, the Fund will ask Baghdad to implement strict measures to reduce the wage bill, regulate the ration card, activate the collection of electricity fees, and diversify the resources of the non-oil sector.”

Al-Marsoumi concluded by saying that "the first document that the government will sign with the Fund, before starting to prepare for lending, is the Prime Minister's signing of the Economic Policy Reform Document, in preparation for the Fund's discussion of policies related to budget preparation, debt, exchange rate, expenditures, employment, and others."  link

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

Tishwash:  Al-Mada reveals Iraqi moves to borrow $5.4 billion from the IMF

 The Independent Press Agency reported that the Iraqi newspaper Al-Mada revealed preliminary negotiations between Iraq and the International Monetary Fund to obtain external financing that could reach $5.4 billion, amid increasing financial pressures and a widening budget deficit, amid economic warnings about the potential impact of loans on government spending and citizens' purchasing power.

The newspaper stated that these developments bring back to the forefront questions about the effectiveness of the economic measures taken by the government, especially the adjustment of the dollar exchange rate against the dinar, after Prime Minister Ali Faleh al-Zaidi confirmed in previous statements that this measure aims to avoid external borrowing and reduce the accumulation of debt.

According to the report, the Iraqi government has not yet announced details of the potential loan program, its value, or its conditions, despite the IMF Managing Director Kristalina Georgieva announcing the Fund’s readiness to provide financial support and economic advice to Iraq upon request for a financing program.

On Saturday, October 17, 2026, during the annual meetings of the International Monetary Fund and the World Bank in Bangkok, Georgieva announced that the international institution intends to strongly support Iraq through financing and assistance with economic policies, without announcing the amount of the loan or the date of concluding a final agreement.

Al-Mada quoted the Prime Minister’s financial advisor, Mazhar Muhammad Saleh, as confirming that the praise of international financial institutions for the Iraqi reforms represents a positive indicator of the course of economic policies, but he stressed that the success of the reforms should be measured by their ability to achieve tangible results, including improving the management of public finances, reducing dependence on oil, and enhancing non-oil revenues.

Saleh explained that developing the tax and customs systems, rationalizing public spending, and enhancing transparency and digital transformation are necessary steps to address financial imbalances, noting the importance of developing the banking sector, creating an investment environment, and revitalizing productive sectors.

The financial advisor, according to the newspaper, did not confirm proceeding with a specific loan agreement, nor did he deny the existence of talks with the International Monetary Fund, merely emphasizing the importance of continuing technical and institutional cooperation with the Fund.

In contrast, economist Nabil Al-Marsoumi revealed in a statement to Al-Mada newspaper that Iraq is conducting preliminary negotiations to obtain a financing tranche estimated at about $5.4 billion, noting that the need for external financing is increasing with the widening of the expected deficit in the 2027 budget.

Al-Marsoumi pointed out that the expected deficit could reach about 43 trillion dinars, given the high expenditures and limited local funding sources, in addition to the pressures facing foreign reserves.

He warned that reaching an agreement with the International Monetary Fund might require a commitment to a package of financial and economic reforms, likely including controlling expenditures, adjusting government support mechanisms, and activating electricity fee collection, as well as other measures that could affect public spending.

According to the report, these conditions remain expectations put forward by economic specialists, and are not official conditions announced by the International Monetary Fund regarding Iraq.

For his part, economic and financial researcher Jalil Al-Lami warned in an interview with the newspaper that the increasing reliance on foreign loans could lead to a rise in the size of the public debt and the costs of servicing it, especially if the funds are used to finance current expenditures instead of addressing structural imbalances in the economy.

Al-Lami explained that obtaining a hypothetical loan of $10 billion with an annual interest rate of 5% means bearing interest of up to $500 million annually, without taking into account the principal installments and other fees.

He stressed that these figures represent a mathematical example to illustrate the risks of borrowing, and are not the value or benefit of a financing program that has already been agreed upon.

The report addressed the implications of adjusting the dollar exchange rate, as Al-Lami pointed out that raising the official rate from 1300 to 1500 dinars, according to the example he presented, gives the government additional revenues valued in dinars when converting dollar oil revenues, but it does not represent a real increase in the oil revenues themselves.

He added that such measures may contribute to easing the pressure on the budget in terms of accounting, but they may, on the other hand, lead to an increase in the costs of imported goods and affect the purchasing power of citizens.

He stressed that addressing the fiscal deficit sustainably requires diversifying income sources, improving tax and customs revenues, reforming the banking sector, and developing industry, agriculture, and investment, instead of relying on borrowing as a permanent solution.

These developments raise economic questions about the Iraqi government's ability to balance financing its financial obligations with maintaining necessary spending levels, particularly salaries, public services, and social protection programs.

A question also arises regarding the nature of the funding required from the International Monetary Fund, and whether it will be allocated to support financial and monetary stability, or to address a broader funding gap within an agreed economic reform program.

Observers believe that the main challenge lies not in obtaining the loan alone, but in the government’s ability to turn any external financing into an opportunity to reform public finances and enhance sustainable revenues, without imposing additional economic burdens on citizens.

In the absence of a final agreement or official financing terms, the external borrowing file remains open to multiple possibilities, while the need for government clarification regarding the size of expected financial commitments, loan repayment mechanisms, and the nature of reforms that may accompany any new program with the International Monetary Fund is increasing.

This issue brings back to the forefront the most prominent question raised by Al-Mada: If the adjustment of the dollar exchange rate was aimed at avoiding external borrowing, what is driving Iraq today to seek new international financing, and what is the cost of that to the economy and the citizen  link

MilitiaMan & Crew: The Truth About Iraq's Banking Reform | What You Need To Know

MilitiaMan & Crew: The Truth About Iraq's Banking Reform | What You Need To Know

10-18-2026

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

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

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

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

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

Iraq Economic News and Points To Ponder Monday Morning 10-19-26

The Central Bank Calls On Banks To Facilitate Foreign Transfers And Exempts Them From The Deposit Period Requirement

Baghdad (INA) –  The Central Bank of Iraq called on licensed banks on Sunday to facilitate foreign transfers and exempt them from the RTGS deposit period requirement.

A statement from the bank, received by the Iraqi News Agency (INA), said, "The Central Bank of Iraq has called on all licensed banks to facilitate foreign transfer procedures for customers with completed transactions."

The statement added that "the bank will replenish the banks' accounts abroad as needed and exempt them from the RTGS deposit period requirement." https://ina.iq/ar/economie/276547-.html

The US Treasury Lifts Restrictions On A Number Of Iraqi Exchange Companies

Baghdad – WAA   The Central Bank of Iraq announced on Sunday that the US Treasury Department has lifted restrictions on a number of Iraqi exchange companies.

The bank said in a statement received by the Iraqi News Agency (INA) that "the US Treasury Department has lifted restrictions on a number of Iraqi exchange companies, after verifying that they meet the compliance standards approved by the Central Bank of Iraq, which allows them to return to participating in dollar sales to travelers."

He added that "this step comes within the framework of strengthening compliance with regulatory controls and regulating foreign currency sales operations in accordance with the approved frameworks."  https://ina.iq/ar/international/276543-.htm

The Dollar Drives Up Prices, And The Ministry Of Commerce Records 200 Violations... 3 Challenges Facing The Iraqi Market

Baghdad International Fair – 964  The Ministry of Trade in Baghdad organized the first edition of the Trade, Economy and Social Responsibility Conference to discuss the reality of local markets, rising prices, support for the private sector and national products, as well as commercial control procedures and the provision of ration card items, amid demands from representatives of the private sector to address the dollar crisis, bureaucracy and declining consumer confidence.

Mohammed Hannoun, advisor to the Ministry of Trade, reviewed for 964 Network the details of the conference’s objectives and the measures taken in the market, saying that the goal of organizing the first edition of the conference is to strengthen the partnership between the public and private sectors, exchange views on economic challenges, promote development, and conclude memoranda of understanding and joint agreements with countries around the world in a way that contributes to increasing the volume of trade exchange.

Mohammed explained that the ministry sought to listen to the opinions of specialists and stakeholders from both sectors and discuss viewpoints on the reality of the Iraqi economy, stressing that the ministry is working in coordination with security and regulatory bodies to monitor prices in local markets and prevent their rise, in cooperation with teams from the Ministry of Interior, including organized crime and national security teams.

He pointed out that the regulatory measures aim to prevent price manipulation and hold violators accountable in accordance with the anti-monopoly law, which allows for prison sentences ranging from one to three years for traders or officials who withhold materials from circulation or significantly raise their prices.

Mohammed explained that the commercial control procedures resulted in monitoring more than 200 procedures or operations to seize and violate in Baghdad and the governorates, noting that the ministry’s provision of food supplies to citizens depends on the items of the ration card allocated in the general budget, where the number of meals provided during the current year ranges between 8 and 9 meals.

He added that there are other measures to support the markets, including strengthening the role of hypermarkets and cooperative markets and offering materials at prices lower than local market prices, with the aim of reducing price increases and mitigating the negative effects resulting from the decision to raise the dollar exchange rate.

For his part, the Director General of the Department of Commercial and Financial Control at the Ministry of Trade, Riyadh Al-Moussawi, confirmed to 964 Network that the Ministry continues to monitor local markets and commodity prices in Baghdad and the governorates in coordination with security agencies and sectoral bodies to hold violators accountable and prevent price manipulation, noting that the distribution of the sixth batch of the food basket is proceeding smoothly in reaching citizens, with continued monitoring of warehouses and distribution agents.

Al-Moussawi confirmed that the ministry’s warehouses contain the quantities required to prepare the next meals within the strategy of securing food supplies and enhancing partnership in preparing the food basket, indicating that the market in Iraq is a competitive market, and the ministry has adopted several measures to support its stability, including the opening of the hypermarket, which witnessed a decrease in the prices of a number of goods compared to local markets, in addition to intensifying monitoring campaigns and holding accountable some speculators and traders who raised prices.

He pointed out that the main reason for the increase in prices is due to the rise in the dollar exchange rate, and that the market has begun to witness a gradual decline, while the ministry continues its efforts to regulate the markets and ensure the smooth distribution of ration card items and food commodities.

At the conclusion of the conference, Hisham Khaled, the managing director of Beit Al Hikma Company, confirmed to 964 Network : “We import in dollars, and the problems of the parallel market raise the cost of goods for the merchant and ultimately reflect negatively on the prices of products paid by the citizen.”

Khaled called for providing real support to the merchant and the private sector, adding: “Frankly, the merchant complains about routine and bureaucratic procedures, in addition to fees and levies that are sometimes imposed without prior study of the market, and Iraq is a developing market and needs support to compete with global or at least regional markets.”

Hisham stressed that the weak ability of the trader to compete, along with the limited ability of local production to compete with imported goods, lead to negative repercussions on the Iraqi market and consumer, indicating that there are three main challenges facing the Iraqi market, namely: the poor quality of local production, the instability of exchange rates, and the absence of real support for the private sector.

Hisham continued: “The problem is not limited to government support, but also includes the Iraqi consumer’s weak confidence in the local product and his preference for foreign products,” stressing that supporting the national industry requires an active government role, in addition to promoting consumer culture and encouraging them to buy local products to raise the quality of production and enhance confidence in the national product. https://964media.com/726211/

Seeds of Wisdom RV and Economics Updates Monday Morning 10-19-26

Good Morning Dinar Recaps,

GLOBAL BOND RESET WATCH: TREASURY MARKET VOLATILITY RAISES NEW QUESTIONS ABOUT WHO FINANCES U.S. DEBT

Changing investor behavior and volatile bond yields are raising important questions about the future cost of U.S. borrowing and the balance of global financial power.

 OVERVIEW

• U.S. Treasury markets are showing unusual volatility, with the 10-year yield reaching 5.23%, according to Axios reporting published October 19. 
  

• Hedge funds are playing a larger role as foreign official investors account for a smaller share of the overall Treasury market.

• The central question is changing: who will finance America's growing debt, and at what cost?

KEY DEVELOPMENTS

1. Treasury yields are moving in unexpected ways

The 10-year U.S. Treasury yield recently reached 5.23%, a level Axios described as unusual in the current market environment. Bond yields do not move in response to inflation alone; investor positioning, expectations for interest rates, government borrowing and demand for safe assets can all influence prices.

When bond prices fall, yields rise. Higher yields can make it more expensive for the U.S. government to refinance debt and can also influence mortgage rates, business loans and borrowing costs around the world.

2. Hedge funds are becoming more influential buyers and traders

Foreign central banks and other official institutions have traditionally been important Treasury holders. Their share of the overall market has declined as U.S. debt has expanded, while hedge funds and other market participants have taken on a larger trading role.

Hedge funds can provide liquidity, helping buyers and sellers transact. However, leveraged trading strategies can also amplify market swings when investors rapidly unwind positions. The Federal Reserve has documented the growth of large hedge funds' Treasury exposures, underscoring why regulators pay attention to this part of the market.

3. America's debt burden is adding pressure

Reuters reported on October 19 that U.S. federal debt reached approximately $40 trillion in August 2026, while the fiscal 2026 deficit was about $2 trillion. Interest costs are adding to the government's financial burden as borrowing costs remain elevated.

The issue is not simply the size of the debt. It is also whether demand for Treasury securities remains deep and stable enough to finance government borrowing without persistently higher interest costs.

WHY IT MATTERS

U.S. Treasury securities are a foundation of global finance. They are held by governments, financial institutions, investment funds and individuals, and they help set reference rates for borrowing and investment worldwide.

If the Treasury market becomes more volatile, the effects can spread beyond Washington:

• Borrowing costs: Higher yields can raise financing costs for governments, companies and households.

• Global capital flows: Investors may reconsider how they distribute money among government bonds, corporate debt, stocks, gold and other assets.

• Financial stability: Rapid changes in bond prices can strain leveraged investors and reduce market liquidity during periods of stress.

• Reserve management: Central banks may reassess the mix of assets they hold, although that does not automatically mean they are abandoning the U.S. dollar.

The important distinction is that a changing investor mix is not the same as the collapse of the Treasury market or the end of dollar dominance. It is a development worth watching because the world's financial system depends on reliable funding markets.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For people holding foreign currencies and following the possibility of a global financial reset, this story offers useful context—but not a promise of future exchange rates.

A shift in global investment patterns can influence currencies over time. Interest-rate differences, trade balances, central-bank decisions, inflation and investor confidence all affect exchange rates. But there is no automatic formula linking higher U.S. bond yields or lower foreign official ownership shares to a revaluation of another country's currency.

What to watch next:

• Future U.S. Treasury data showing foreign official and private investor activity.

• Whether elevated yields persist or market volatility eases.

• Government borrowing and interest costs.

• Actual central-bank policy changes and documented changes in reserve holdings.

The best approach for currency holders is hope without hype: follow measurable financial developments, but do not make major financial decisions based on predictions of a guaranteed reset or sudden currency gains.

THE FIVE PILLARS CONNECTION

• Pillar 1: Debt

The United States faces substantial borrowing needs, and rising interest costs can place additional pressure on the federal budget. The long-term question is how governments will manage growing debt while maintaining investor confidence.

• Pillar 2: Trade

Trade imbalances influence how money moves between countries and can affect the demand for different currencies and financial assets. Trade relationships remain one factor shaping international capital flows.

• Pillar 3: Assets

Treasury securities compete with other investments for global capital. Changes in investor preferences can affect the relative appeal of government bonds, gold, corporate debt and other assets.

• Pillar 4: Technology

Modern trading systems and leveraged investment strategies can move money rapidly across markets. Technology can improve efficiency, but it can also accelerate market disruptions when investors react at the same time.

• Pillar 5: Energy

Energy prices influence inflation, economic growth and government spending. If energy costs remain elevated, they can complicate central-bank decisions and add pressure to bond markets.

THE BOTTOM LINE

The Treasury market is not simply a place where the U.S. government borrows money. It is a central part of the infrastructure supporting international finance. As debt expands and investor behavior changes, the world will be watching whether the market can continue to provide dependable financing at sustainable costs.

The bigger story is not that the dollar's role is ending, but that the foundations supporting global finance are being tested and adapted as the international financial system evolves.

Seeds of Wisdom Team

SOURCES

1. Axios — "The Treasury market has been acting weird lately"

2. Reuters — "Under Trump, deficits remain high while borrowing costs escalate"

~~~~~~~~~~

🌱 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

~~~~~~~~~~

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Fiat Dollar Purchase Power Down 87 Percent since 1971, Gold up More than 9000 Percent

Fiat Dollar Purchase Power Down 87 Percent since 1971, Gold up More than 9000 Percent

And We Know:  10-18-2026

In today’s rapidly changing economic landscape, understanding the health of our global monetary system is more important than ever.

A recent insightful discussion from the And We Know Official YouTube channel delves deep into the historical shifts that have shaped modern finance, focusing specifically on the dramatic loss in purchasing power experienced by fiat currencies worldwide since 1971.

This pivotal year marked the moment the United States dollar officially abandoned the gold standard, setting off a chain reaction of widespread economic shifts and continuous currency devaluation across the globe. For decades, everyday savers and investors have felt the quiet yet persistent squeeze of inflation, watching their hard-earned money buy less and less over time.

Fortunately, history and modern markets offer a proven alternative for those looking to safeguard their financial future. Unlike government-issued paper money, precious metals like gold and silver have stood the test of time, demonstrating an extraordinary ability to not only preserve value but significantly appreciate far beyond acting as mere inflation hedges.

As traditional currencies face ongoing pressures, these tangible assets continue to shine as reliable stores of wealth. Owning physical precious metals provides a sense of enduring security, offering individuals a way to step outside the traditional monetary treadmill and secure something of intrinsic, lasting worth for themselves and their families.

Beyond the numbers on a balance sheet, the conversation also highlights a growing crisis of confidence regarding traditional financial institutions. The erosion of trust in the banking system has been heavily exacerbated by recent high-profile scandals, featuring major banks slapped with billions in fines for bureaucratic failures and controversial practices, including the politically motivated denial of services to certain customers.

These events have opened the eyes of many everyday citizens, revealing the vulnerable underbelly of centralized financial systems. This troubling backdrop underscores why diversifying away from purely digital or paper-based holdings is crucial for long-term financial security, while also shedding light on the broader socio-political implications of unchecked currency devaluation and questionable banking behaviors.

Navigating these turbulent economic waters requires careful planning, vigilance, and a proactive approach to personal finance. The video concludes with an empowering message of encouragement, advocating for prudent investing in precious metals as a smart strategy to weather economic storms.

https://www.youtube.com/watch?v=jauO8DN8UD8

Iraq Economic News and Points To Ponder Sunday Afternoon 10-18-26

CBI Launches Digital Damaged Note Swaps

2026-10-18 05:27Shafaq News- Baghdad  Iraqis can now apply online to replace damaged banknotes under a new Central Bank of Iraq (CBI) service designed to make the process faster and easier.  The system allows citizens to submit replacement requests through the Ur electronic platform by entering the required information and confirming their applications. The CBI will then process the requests through its relevant departments, according to a statement.

The service is part of the bank’s efforts to expand digital services, reduce paperwork, and save citizens the time and effort required to replace damaged currency, it added. https://shafaq.com/en/Economy/CBI-launches-digital-damaged-note-swaps

CBI Triples Housing Support Allocation

2026-10-18 07:56  Shafaq News- Baghdad  The Central Bank of Iraq (CBI) on Sunday increased its housing support allocation from one trillion to three trillion dinars (about $1.97B) to help meet demand from citizens seeking to purchase homes in residential complexes.

According to a CBI document, the decision follows an earlier directive issued on August 22, 2024, and retains the same terms and conditions.

The document cited the amended Central Bank of Iraq Law No. 56 of 2004 as the legal basis for the increase. It also requested that the relevant director-general visit the bank's headquarters to sign an addendum to the agreement and complete the necessary procedures. https://shafaq.com/en/Economy/CBI-triples-housing-support-allocation

Iraq's IMF Loan Request Raises Concerns Over Reform Costs

2026-10-18   Shafaq News- Baghdad   Iraq's request for a program with the International Monetary Fund (IMF) has renewed debate over the potential cost of economic reforms, with financial experts warning that new borrowing could bring changes to public spending, taxes, subsidies, and government employment.

The discussions come as Iraq faces mounting fiscal pressure and remains heavily dependent on oil revenues to finance its budget, raising questions about how any IMF-backed program would affect public finances and household expenses.

Read more: Iraqi dinar devaluation sparks backlash from blocs inside the cabinet

Potential Conditions

Financial expert Ali Dadoush told Shafaq News that IMF lending typically comes with conditions that could include reducing government spending and increasing non-oil revenues through higher taxes and fees for public services, such as property registration and vehicle-related charges.

Read more: Iraqi traders count losses after dinar devaluation

He said reforms could also involve reducing subsidies for energy and certain items provided through Iraq's food ration system.

Dadoush questioned whether Iraq had major investment projects that justified seeking external loans, arguing that borrowed funds should be directed toward projects capable of generating sufficient economic returns to cover interest payments and repay the principal.

He warned that borrowing without productive investment could place additional pressure on public finances rather than strengthen the economy.

Economic Reforms

Former Central Bank (CBI) official and financial expert Mahmoud Dagher offered a different perspective, arguing that IMF lending has evolved beyond traditional conditionality toward economic reform programs negotiated with borrowing countries.

Dagher told Shafaq News that such arrangements are designed around agreed macroeconomic policy objectives, with the IMF seeking to safeguard repayment while the borrowing country benefits from technical expertise and support for economic development.

The effectiveness of any Iraqi program would therefore depend on the reforms agreed upon, particularly measures to control spending, expand non-oil revenues, and protect vulnerable groups from the effects of fiscal adjustments.

Subsidies and Public-Sector Wages

Economist Nabil al-Marsoumi pointed to IMF Managing Director Kristalina Georgieva's announcement that Iraq had requested a program to help address its budget difficulties.

Al-Marsoumi said Iraq's domestic debt had exceeded 109 trillion dinars (about $71.7B), while CBI's foreign reserves had fallen to $75.6 billion.

He estimated Iraq's external debt requiring repayment at approximately $13 billion, excluding unresolved debts from the former regime, while placing the broader recorded external debt stock, including historical obligations, at about $54 billion.

According to al-Marsoumi, borrowing from the IMF could be less expensive than raising funds through financial markets, but any agreement might require reforms to public-sector wages, food subsidies, electricity bill collection, and non-oil revenue generation.

He also suggested that a financing arrangement could involve a formal government commitment to reforms covering budget preparation, debt management, exchange-rate policy, public spending, and employment.

Dinar Devaluation Debate

Economist Ziad al-Hashimi raised separate concerns over the government's decision to devalue the Iraqi dinar, arguing that seeking IMF financing could undermine an earlier justification for the exchange-rate adjustment.

Al-Hashimi said discussions with the IMF had begun and suggested that the Fund was likely to support Iraq's request.

He argued that the government had previously presented devaluation as a way to avoid more painful measures, including external borrowing.

Al-Hashimi warned that the financial and social costs of an IMF agreement might emerge gradually after financing begins, particularly if earlier IMF recommendations become binding commitments under a negotiated program.

The concerns follow Georgieva's announcement on Saturday that Iraq had requested an IMF program and that the Fund intended to provide financial and policy support.

No financing amount, lending terms, or final reform conditions have been announced.

https://shafaq.com/en/Economy/Iraq-s-IMF-loan-request-raises-concerns-over-reform-costs

Iraqi Housing Costs About 10 Years Of Family Income

2026-10-18   Shafaq News- Baghdad   A typical 90-square-meter apartment in Iraq costs about 10.1 years of family disposable income, ranking the country 70th of 108 in Numbeo's mid-2026 price-to-income index, where a higher ratio means less affordable housing.

That puts Iraq well below the world's least affordable markets, led by Nigeria at 116.3, Sri Lanka at 55.4 and Ghana at 49. Among Arab countries, ratios were highest in Egypt (18.3), Lebanon (16.9), Algeria (15), Morocco (13.6) and Tunisia (12.8), and lowest in the UAE (7.8), Jordan (6.7), Kuwait (6.1), Bahrain (5), Saudi Arabia (4.7), Qatar (4.5) and Oman (3.8). Neighboring Iran scored 16.

South Africa had the lowest ratio in the index at 3.1, followed by the United States at 3.4.

https://shafaq.com/en/Economy/Iraqi-housing-costs-about-10-years-of-family-income

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 10-18-26

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GLOBAL FINANCIAL SECURITY RESET WATCH: AI CYBER THREATS PUSH FINANCIAL LEADERS TOWARD GREATER COOPERATION

G7 finance leaders are planning cybersecurity simulations as the IMF warns that increasingly sophisticated AI-driven attacks could threaten confidence in banks, payment networks and the wider financial system.

 OVERVIEW

• G7 finance leaders have agreed to conduct simulated exercises to test how financial authorities would respond to AI-enabled cyberattacks.

• The IMF and central-bank officials warn that digital fraud and cyber threats could undermine public trust in financial institutions and essential financial services.

• International cooperation is becoming increasingly important as banking, payments and financial infrastructure grow more interconnected and cyber threats become more sophisticated.

KEY DEVELOPMENTS

1. G7 Plans Exercises to Test Financial-System Defenses

At meetings held alongside the IMF and World Bank annual meetings in Bangkok, G7 finance ministers and central-bank governors agreed to conduct exercises designed to test responses to potential AI-enabled cyberattacks.

The initiative was confirmed by Japan's finance minister, Satsuki Katayama, following discussions among G7 finance officials.

The exercises are expected to simulate possible attacks and evaluate whether existing response procedures are effective. Authorities plan to use the findings to improve their guidance and response manuals. Depending on the scenario, private financial institutions could also participate.

These exercises matter because financial systems depend on numerous interconnected organizations, including commercial banks, payment processors, central banks, technology providers and financial-market infrastructure operators.

Why it matters: A cyberattack can spread beyond a single institution when systems share technology or depend on common service providers. Simulations can help officials identify weaknesses, clarify responsibilities and improve coordination before a real emergency occurs.

2. IMF Warns AI Could Intensify Digital Fraud and Damage Trust

During the October meetings, IMF Managing Director Kristalina Georgieva warned that artificial intelligence could dramatically increase the scale and sophistication of digital fraud.

AI tools can help criminals produce convincing fraudulent communications, automate attacks and adapt their methods more quickly. These capabilities can make it harder for individuals and institutions to distinguish legitimate financial activity from deception.

The risks extend beyond direct theft. If customers lose confidence in the security of their banks or payment systems, they may hesitate to use digital financial services or react rapidly to alarming information.

Financial authorities are particularly concerned about the possibility that cyber incidents, misinformation and rapid withdrawals could combine to place additional pressure on financial institutions.

Why it matters: Trust is a fundamental part of money and banking. Even a financially sound institution can face serious disruption if customers believe their funds or personal information are no longer safe.

3. Financial Security Is Becoming an International Cooperation Issue

The G7 initiative reflects a broader recognition that cyber threats do not stop at national borders.

Banks and payment networks often rely on international technology suppliers, cloud services, telecommunications systems and cross-border financial connections. An incident in one jurisdiction can therefore affect organizations and customers elsewhere.

The Bank of England has also been working with financial institutions on cyber-recovery capabilities, reflecting concern that traditional defenses alone may not be sufficient against increasingly sophisticated attacks.

Effective preparation requires more than technical security. It also involves communication between regulators, clear incident-response responsibilities, reliable backup systems and plans to maintain essential services during a disruption.

Why it matters: Countries may have different laws and regulatory systems, but they share an interest in maintaining confidence in international payments and financial infrastructure. Coordinated exercises can help expose weaknesses that individual institutions might not identify on their own.

WHY IT MATTERS

The global financial system is becoming increasingly digital. Payments, banking services, securities transactions and international transfers depend on interconnected networks that must remain available, accurate and secure.

That transformation creates opportunities for faster payments and more efficient financial services, but it also creates new vulnerabilities.

A serious cyber incident could interrupt payments, expose sensitive information, generate fraudulent transactions or undermine confidence in an institution. If the disruption spreads across multiple organizations, the consequences could extend into financial markets and the broader economy.

The G7 exercises represent a practical step toward testing financial resilience before a crisis occurs. Rather than waiting for a major incident to reveal weaknesses, authorities can use simulated scenarios to evaluate their response and improve cooperation.

Three areas deserve particular attention:

• Operational resilience: Can banks and payment systems continue essential services during a cyber incident?

• International coordination: Can regulators and financial institutions exchange information and respond quickly across borders?

• Public confidence: Can institutions communicate clearly and protect customers when false information or fraud spreads rapidly?

The initiative does not mean that a major cyberattack is imminent, nor does it establish a new global financial system. It demonstrates that financial authorities are adapting their safeguards to changing technological risks.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders, the security of the financial system matters because currency transactions increasingly depend on digital banking, payment networks and financial intermediaries.

A cyber incident could temporarily disrupt access to accounts, delay transfers or affect confidence in a particular institution. More widespread incidents could also influence market sentiment and financial stability.

However, a cybersecurity exercise does not indicate that currencies are about to be revalued or that a global currency reset has been scheduled. Its purpose is to identify vulnerabilities and improve preparedness.

Currency holders should continue to distinguish between financial-system modernization and changes in currency values. Exchange rates are influenced by many factors, including interest rates, inflation, economic performance, central-bank policy and market demand.

The constructive takeaway is that stronger cybersecurity and better international coordination can help protect the infrastructure through which money moves. These measures can support confidence, but they do not guarantee that any particular currency will appreciate.

THE FIVE PILLARS CONNECTION

• Pillar 1: Debt

A major cyber incident can create financial losses, interrupt business activity and increase costs for affected institutions. Stronger security and recovery planning can help limit the economic damage of disruptions.

• Pillar 2: Trade

International commerce depends on reliable payment processing and the ability of businesses to transfer money across borders. Cyber disruptions can delay transactions and interfere with supply-chain payments.

• Pillar 3: Assets

Bank deposits, securities and other financial assets depend on accurate records, secure systems and confidence in the institutions managing them. Protecting digital infrastructure is an important part of protecting financial assets.

• Pillar 4: Technology

Artificial intelligence creates opportunities to improve financial services, but it can also help criminals scale fraud and develop more sophisticated attacks. Authorities must strengthen safeguards as these technologies evolve.

• Pillar 5: Energy

Financial networks depend on reliable electricity and communications infrastructure. A cyber incident affecting essential utilities or data centers could disrupt financial services, illustrating how energy security and digital financial resilience are connected.

THE BOTTOM LINE

The G7's planned cybersecurity exercises show that financial leaders are taking the risks associated with artificial intelligence and interconnected digital systems seriously.

The initiative is designed to test existing defenses, identify weaknesses and improve coordination between authorities and potentially private financial institutions. Its value will depend on how effectively the lessons are translated into stronger protections and practical recovery plans.

For those following the global financial reset, this is a meaningful development in the modernization of financial infrastructure—not evidence of an imminent currency revaluation or a confirmed monetary reset.

As finance becomes more digital and interconnected, the evolution of the global financial system will depend on building not only faster ways to move money, but also stronger safeguards to keep that money secure and trusted.

Seeds of Wisdom Team

SOURCES

1. Reuters — "G7 to Launch Exercises to Guard Against AI Cyber Attacks"

2. The Guardian — "World Leaders Must Wise Up to Threat of Cyber-Attacks or Rogue Fridges Will Be Least of Their Worries"

~~~~~~~~~~

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Sunday Iraq News Posted by Tishwash at TNT 10-18-2026

TNT:

Tishwash:  The US Treasury lifts restrictions on a number of Iraqi exchange companies - Breaking News

The US Treasury lifts restrictions on Iraqi exchange companies

The US Treasury Department has lifted restrictions on a number of Iraqi exchange companies, after verifying that they meet the compliance standards approved by the Central Bank of Iraq, allowing them to return to participating in dollar sales to travelers.

This step comes as part of strengthening compliance with regulatory controls and organizing foreign currency sales operations in accordance with approved frameworks.  link

Tishwash:  Licensed banks under pressure from the Central Bank: 4 days to complete foreign transfers - Urgent

The Central Bank of Iraq directed licensed banks on Sunday to complete foreign transfer operations within a maximum period of four days, warning of punitive measures against banks that exceed the specified deadline.

A source told Baghdad Today that the Central Bank sent a strongly worded letter to all licensed banks, stressing the need to adhere to the specified timeframe for completing any banking transaction related to foreign transfers, and confirming that banks that violate this will face the prescribed penalties.

The source added that the directive comes in support of import operations, and within the framework of the Central Bank’s efforts to reduce speculation and control the parallel currency market.  link

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

Tishwash:  Swift credits reach local banks, but traders are stuck between two exchange rates - Urgent

The SWIFT transfers of foreign credits arrived at the local banks on Sunday, but the local banks are still refraining from releasing them to traders and importers, amid uncertainty about the approved exchange rate.

A source told Baghdad Today that private banks attribute their refusal to the lack of clarity regarding the final pricing from the Central Bank, and whether the dollar price will be calculated on the basis of 132,000 or 152,000 dinars per 100 dollars.

He added that the Central Bank of Iraq noted, in a letter dated October 7, the adoption of the previous exchange rate for amounts deposited before the change in the dollar exchange rate.

The source pointed out that the delay in launching the SWIFTs and the ambiguity regarding the exchange rate coincided with a noticeable rise in the dollar prices in the parallel market.

(The right of reply is guaranteed to private banks and to anyone whose name or title was mentioned)   link

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

Tishwash:  An expert reveals the reason behind the paralysis of wholesale markets and speculators' manipulation of the dollar.

Economic and banking expert Diaa Mohsen attributed the paralysis and stagnation plaguing wholesale markets and the reluctance of merchants to sell their goods to the “vague” and unclear policies pursued by the Central Bank of Iraq. He emphasized that these measures have left the parallel market in a state of constant fluctuation.

Mohsen told the Information Agency, “The refusal of wholesalers to sell their goods has caused a shortage of basic commodities in the markets, which has automatically led to a new surge in the prices of goods and commodities, with the ordinary citizen being the sole victim of this chaos.”

He added, “The Central Bank injects hundreds of millions of dollars daily, but most of it goes as foreign transfers, while what is injected into the local and cash market does not exceed $3 million.” He pointed out that “this cash shortage has opened the door wide for speculators in the parallel market to manipulate exchange rates and impose their sales outside the official rate.”

Mohsen explained that "this ineffective mechanism has eroded the confidence of both merchants and citizens in the central bank's monetary policy, leaving markets hostage to rumors and daily speculation.  link

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

Tishwash:  The Central Bank of Iraq introduces a new electronic system for replacing damaged currency.

The Central Bank of Iraq announced on Sunday the introduction of a new electronic system for replacing damaged currency, as part of its efforts to simplify procedures and make it easier for citizens to access this service more quickly and efficiently.

The bank explained in an official statement that the system allows citizens to submit requests to replace damaged currency electronically via the “Aur” platform, by entering and confirming the required data, and the competent authorities in the Central Bank of Iraq will complete the necessary procedures to complete the replacement process.

The statement affirmed that the introduction of the system comes within the Central Bank of Iraq’s directions towards digital transformation and the development of services provided to citizens, which contributes to simplifying procedures, reducing time and effort, and raising the efficiency of banking services provided to the public.

The statement noted that citizens wishing to benefit from the service can submit their applications through the "Our" electronic platform via the link: https://currency.app.cbi.iq .

The bank also made it possible to view the details of the "Instructions for Replacing Damaged Currency" through its official website via the following link:

https://cbi.iq/page/86     link

Tishwash:  Washington renews its support for al-Zaidi's "vision" despite the controversy surrounding the government formation.

The US administration has reaffirmed its support for Iraqi Prime Minister Ali al-Zaidi in achieving his vision, despite criticisms regarding the completion of the government formation, particularly concerning the position of deputy prime minister, which was obtained by Asaib Ahl al-Haq, according to Voice of America radio .

 The American radio station reported, in a report translated by Shafaq News Agency, that the completion of al-Zaidi’s government formation has revived concerns about the continued influence of Iranian-backed groups, but some political observers believe that these appointments may give al-Zaidi an opportunity to strengthen his authority and gradually bring the armed factions under government control.

Despite these concerns, Voice of America explained that the United States reaffirmed its support for al-Zaidi, stressing the importance of Iraq's sovereignty and limiting the influence of Iranian-backed armed groups.

The radio station quoted a spokesman for the US State Department as saying that US President Donald Trump, "as he made clear when he hosted Prime Minister al-Zaidi for his historic visit on July 14, strongly supports his vision to ensure a brighter future for all Iraqis."

The spokesman added that "Washington's goal remains a sovereign Iraq, capable of preventing attacks launched from its territory and maintaining strong relations with the United States."

He added that "Iran is an unreliable actor with a long history of using Iraqi militias to steal resources from the Iraqi people and threaten Iraq's sovereignty,"noting that "American efforts to promote regional stability focus on supporting national sovereignty and economic prosperity."

The report noted that the discussions regarding the new appointments reflect differing assessments of whether the political forces allied with Iran will strengthen their influence within the Iraqi government, or whether these appointments will give al-Zaydi a wider political space to limit their influence.

The American radio station noted that the House of Representatives approved the new appointments, which included Nayef al-Shammari as Minister of Defense, Yasser al-Maliki as Minister of the Interior, and Laith al-Khazali as Deputy Prime Minister, pointing out that the latter is a prominent leader in Asaib Ahl al-Haq, which the United States designated as a terrorist organization in 2020, and also listed the brothers Laith and Qais al-Khazali on global terrorism lists.

The report was based on a blog post by Republican Representative Joe Wilson, in which he criticized the appointment of Khazali to the government, describing him as "no better than ISIS, and possibly worse."

Meanwhile, former US diplomat Joey Hood said the Trump administration might be willing to give al-Zaidi more flexibility in dealing with Iranian-backed militias, rather than opposing political arrangements that allow some of their leaders to assume government positions.

According to the report, Hood explained that Trump and his special envoy to Iraq, Tom Barrack, seem to prefer an approach focused on economic partnerships, rather than military operations or direct intervention in political decisions in Baghdad.

He added that "they do not seem to be concerned with the fine-tuning of how the prime minister can gain the upper hand over Iranian-backed militias, unlike some previous US administrations," noting that Washington may adopt a wait-and-see approach, allowing al-Zaidi to use figures like al-Khazali to control the less cooperative armed factions.

According to the American politician, if al-Zaidi succeeds in employing al-Khazali and others to put pressure on uncooperative groups, "he will have found an Iraqi solution to this problem."

But Hood warned that the ultimate test of al-Zaidi’s strategy is his ability to prevent Iranian-backed groups from continuing to exploit Iraqis, influence political decisions, and launch attacks against Iraqis and neighboring countries.

According to the report, the expansion of the cabinet, in addition to the controversy over Iranian influence, sparked criticism regarding the creation of new government positions to accommodate competing political forces, at the expense of public finances, which was objected to by MPs before the session convened.

The report quoted Baghdad-based academic and political researcher Ghalib al-Daami as saying that many Iraqis oppose the creation of new ministries and senior government positions, explaining that expectations were instead for merging some ministries and abolishing other institutions, with the aim of simplifying bureaucratic procedures and reducing pressure on the general budget  link

Seeds of Wisdom RV and Economics Updates Sunday Morning 10-18-26

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GLOBAL FINANCIAL RESET WATCH: IMF AND WORLD BANK MEETINGS EXPOSE GROWING DEBT AND COOPERATION CHALLENGES

The IMF and World Bank's October meetings highlighted how rising borrowing costs, geopolitical conflict and uncertainty surrounding artificial intelligence are complicating the search for sustainable global economic growth.

OVERVIEW

• Developing countries continue to face rising debt-service costs, even where their overall debt levels have declined, as higher global bond yields make refinancing more expensive.

• The IMF and World Bank meetings produced few new solutions to the combined challenges of conflict, inflation, debt pressure and uncertainty about AI's economic impact.

• International cooperation remains critical, as countries seek sustainable financing, greater private investment and stronger economic resilience in an increasingly interconnected world.

KEY DEVELOPMENTS

1. Rising Bond Yields Are Increasing Pressure on Developing Economies

The IMF and World Bank's annual meetings in Bangkok, Thailand, concluded with developing economies still facing difficult questions about how to manage debt, finance public services and prepare for future economic shocks.

According to Reuters, IMF Managing Director Kristalina Georgieva noted that although developing countries' debt levels had declined in recent years, higher global bond yields have increased their borrowing costs.

Average debt-service payments in developing economies have more than doubled over the past decade, reaching approximately 14% of government revenue, according to remarks reported by Reuters. That leaves governments with less room to fund healthcare, education, infrastructure and other public priorities.

The problem extends beyond the countries taking on debt. When borrowing costs rise in major economies, international investors may demand higher returns elsewhere, increasing financing costs for countries that already have limited access to affordable capital.

Why it matters: The cost of borrowing can influence economic growth, government budgets, investment and currency confidence. Debt sustainability is therefore an important part of the broader global financial stability discussion.

2. International Leaders Struggle to Agree on Practical Solutions

The meetings brought together policymakers and financial leaders to discuss conflict, inflation, debt pressures and the future of development. However, a Reuters analysis published October 18 reported that the gatherings produced few new, concrete answers for developing countries facing these challenges.

The traditional recommendations remain familiar: improve fiscal discipline, pursue economic reforms and attract private-sector investment. These measures can help countries strengthen their financial positions, but they may take time to produce results and do not immediately resolve urgent financing needs.

Geopolitical divisions also complicate cooperation. Countries have different fiscal priorities, political interests and views on how the burdens of global economic adjustment should be shared.

The challenge is especially significant for lower-income nations that face expensive borrowing and declining development assistance while trying to invest in long-term growth.

Why it matters: International institutions can coordinate discussions and provide financing, but effective responses often depend on agreement among governments, creditors and investors. Recognizing a shared problem is not the same as reaching a binding agreement to solve it.

3. Artificial Intelligence Adds a New Layer of Economic Uncertainty

AI investment and its possible effects on productivity, employment and financial markets also featured prominently in the discussions.

Investment in AI infrastructure can support innovation and economic growth, but rapid expansion raises questions about future returns, financing costs and the concentration of investment in particular industries. If expectations change sharply, the consequences could extend into financial markets and the wider economy.

Developing countries face an additional challenge: they need investment and technological capacity to participate in the AI economy, but they may lack the financing, electricity infrastructure and skilled workforce required to benefit at the same pace as wealthier countries.

The World Bank has emphasized mobilizing private capital and helping countries prepare for technological change. Yet the scale and speed of AI's economic impact remain uncertain.

Why it matters: Technology is becoming increasingly connected to debt, energy, employment and global competitiveness. The challenge for policymakers is to encourage productive innovation while managing financial risks and ensuring that developing economies are not left further behind.

WHY IT MATTERS

The meetings highlight a central issue for the global financial system: economic risks are crossing national borders faster than governments can agree on how to manage them.

Rising borrowing costs in major economies can affect financing conditions elsewhere. Conflicts can disrupt energy supplies and trade. AI investment may reshape productivity and employment while creating new uncertainties for financial markets.

These developments reinforce three priorities:

• Debt sustainability: Countries need financing arrangements that allow them to meet repayment obligations without sacrificing essential services and productive investment.

• International cooperation: Financial institutions and governments must coordinate responses to cross-border economic shocks, even when their political and economic priorities differ.

• Modernization and resilience: Countries need stronger financial infrastructure, reliable energy supplies and the capacity to adapt to technological change.

The meetings did not establish a new global monetary system or announce a coordinated debt-relief program. Instead, they revealed the difficulty of building consensus while financial pressures are growing.

For observers of the global financial reset, the important development is the continued debate over how international finance should adapt—not confirmation that a formal reset has been scheduled.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders, this story provides context for understanding the economic forces that can influence exchange rates over time.

A country's currency can be affected by its debt burden, inflation, interest rates, export earnings, political stability and access to international financing. Rising borrowing costs can put pressure on government budgets, while sustainable reforms and stronger economic performance may support confidence.

However, the effects differ from country to country. A developing economy may have declining debt but still face expensive refinancing. Another country may attract new investment yet experience currency pressure from inflation or capital outflows.

The meetings offer no announcement of a currency revaluation, no guaranteed increase in exchange rates and no timetable for a global reset.

The practical lesson is to watch for measurable developments: actual financing agreements, debt restructuring, changes in central-bank policy, stronger export performance and reforms that improve economic stability.

For currency holders, hope is best grounded in evidence of stronger economic foundations—not predictions about when currencies will change value.

THE FIVE PILLARS CONNECTION

• Pillar 1: Debt

Rising bond yields and higher debt-service costs are reducing the financial flexibility of many governments. Sustainable borrowing and workable repayment terms remain essential to long-term stability.

• Pillar 2: Trade

Geopolitical conflict and trade tensions can disrupt supply chains and increase costs. Reliable access to export markets can help countries earn foreign currency and meet external obligations.

• Pillar 3: Assets

Government bonds, infrastructure and private investments are affected by borrowing costs and investor confidence. Changes in global yields can influence the value and attractiveness of financial assets across markets.

• Pillar 4: Technology

AI could increase productivity and transform industries, but its effects on employment, investment returns and financial stability remain uncertain. Countries need the infrastructure and skills to participate in these changes.

• Pillar 5: Energy

Energy prices affect inflation, production costs and national budgets. Countries dependent on imported fuel can face additional pressure when energy prices rise, especially if their borrowing costs are already high.

THE BOTTOM LINE

The IMF and World Bank meetings exposed the widening gap between the scale of today's economic challenges and the international community's ability to agree on practical solutions.

Rising borrowing costs, geopolitical conflict, development-financing pressures and uncertainty surrounding AI are interconnected issues. Addressing them will require more than declarations; it will require workable policies, sustainable financing and cooperation that continues after the meetings end.

For those following the global financial reset, the evidence points to ongoing pressure to reform and strengthen international finance, but not to a confirmed monetary reset or imminent currency revaluation.

The global financial system will evolve not through a single announcement, but through the decisions, agreements and stronger financial foundations that determine how nations borrow, trade, invest and cooperate in the years ahead.

Seeds of Wisdom Team

SOURCES

1. Reuters — "IMF/World Bank Meetings Leave Developing Countries With More Questions Than Answers"

2. Reuters — "China Central Bank Chief Supports Closer IMF Surveillance of Fiscal, Spillover Risks"

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🌱 A Message to Our Currency Holders🌱

If you’ve been holding foreign currency for many years, you were not foolish.
You were not wrong to believe the global financial system would change.

What failed was not your patience — it was the information you were given.

For years, dates, rumors, and personalities replaced facts, structure, and proof. “This week” predictions created cycles of hope and disappointment that were never based on how currencies actually change.

That is not your failure.

Our mission here is different:   • No dates • No rates • No hype • No gurus

Instead, we focus on:
• Verifiable developments • Institutional evidence
• Global financial structure • Where countries actually sit in the process

Currency value changes only come after sovereignty, trade, banking, settlement systems, and fiscal coordination are in place. History and institutions confirm this sequence.

You will see silence. You will see denials. That is not delay — that is discipline.

Protect your identity. Organize your documents.       Verify everything.
Never hand your discernment to anyone who cannot show proof.

You deserve truth — not timelines.

Seeds of Wisdom Team

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