Gold Telegraph: The Golden Tides are Turning
Gold Telegraph: The Golden Tides are Turning
5-17-2026
BREAKING NEWS: THE RESERVE BANK OF INDIA HAS REPATRIATED NEARLY 77% OF ITS GOLD RESERVES BY THE END OF MARCH 2026
Gold continues to head home.
“The central bank has already repatriated a large portion of its gold. This action follows global events that raised concerns about storing sovereign assets abroad…”
Gold Telegraph: The Golden Tides are Turning
5-17-2026
BREAKING NEWS: THE RESERVE BANK OF INDIA HAS REPATRIATED NEARLY 77% OF ITS GOLD RESERVES BY THE END OF MARCH 2026
Gold continues to head home.
“The central bank has already repatriated a large portion of its gold. This action follows global events that raised concerns about storing sovereign assets abroad…”
Turkish central bank increased its gold reserves by 36.4 tonnes in two weeks. Rebuilding…
The legendary Jeffrey Gundlach is repositioning some of his funds in anticipation of the possibility that the US government could restructure its debt. Some big signals are playing out right now. This debt spiral is a massive problem.
Global debt hits record… $353 trillion. Congratulations.
BREAKING NEWS: HONG KONG IS MOVING TO REVIVE GOLD FUTURES TRADING AS CHINA’S HUNGER FOR PHYSICAL GOLD CONTINUES TO GROW.
Things continue to evolve…
“City aims to broaden gold offerings and expand clearing and storage facilities to seize opportunities in the surging market…”
China’s central bank has now purchased gold for 18 consecutive months. They continue to add. The foundation of the global economy is still being built.
BREAKING NEWS: THE PRESIDENT OF THE UNITED STATES SAYS HE STILL WANTED TO EXAMINE THE U.S. GOLD RESERVES AT FORT KNOX
Here we go…
Gold Telegraph: The last time gold reserves in the United States were meaningfully audited? 1953. Judy Shelton says an audit today would be: “Both symbolic… and necessary.” Why? Because trust is breaking. • Americans questioning if the gold is even there • No clarity on whether it’s been encumbered • Zero transparency in a system built on confidence She fully supports @elonmusk
proposed live video walk-through of Fort Knox. @judyshel
Watch on X:: https://twitter.com/i/status/2048038828049412580
You can watch the full film, here: https://youtube.com/watch?v=USGjSU
“He again speculated about the condition of the United States bullion depository…”
And suddenly, the world is pay attention to Fort Knox again. End scene.
1971 was not just the end of a monetary system. It was the beginning of a global experiment built entirely on trust. And slowly, nation by nation, the world is searching again for a form of value that exists beyond politics and beyond promises. Why? Look at the world around you.
The dollar once made up more than 72% of global foreign exchange reserves. Now it sits near lows not seen since the 1990s. People act shocked by so-called “unfathomable” ideas being floated, but this is what is needed in historic moments. Change happens.
For the life of me, I will never understand why main stream media refuses to read the Clarity Act. It literally names gold as the commodity backing stablecoins. Something @judyshel and I discussed at length in the recent film. Things are in plain sight; you just have to look.
Here you go: https://congress.gov/bill/119th-congress/house-bill/3633/text
The United States Senate committee has advanced the Clarity Act.
Japan’s government bond yields are at RECORD highs. Just wild. This is quite the movie playing out…
Copper is now nearing its highest level in history. The glue that keeps the world together and moving forward… Everyone on this planet interacts with copper, regardless of whether you know it or not. Big moment.
Source(s):
• https://x.com/GoldTelegraph_/status/2050028685525455230
https://dinarchronicles.com/2026/05/16/gold-telegraph-the-golden-tides-are-turning/
Seeds of Wisdom RV and Economics Updates Sunday Afternoon 5-17-26
Good Afternoon Dinar Recaps,
Post-Iran War Middle East: Regional Power Shifts Accelerate the Push Toward a New Global Order
The aftermath of the Iran war is reshaping energy markets, security alliances, nuclear policy, and financial influence across the Middle East and beyond
The 2026 Iran war may prove to be one of the most consequential geopolitical turning points in decades, with effects extending far beyond the battlefield into global finance, trade, and monetary stability.
Good Afternoon Dinar Recaps,
Post-Iran War Middle East: Regional Power Shifts Accelerate the Push Toward a New Global Order
The aftermath of the Iran war is reshaping energy markets, security alliances, nuclear policy, and financial influence across the Middle East and beyond
The 2026 Iran war may prove to be one of the most consequential geopolitical turning points in decades, with effects extending far beyond the battlefield into global finance, trade, and monetary stability.
OVERVIEW (KEY POINTS)
The Middle East is entering a new phase of uncertainty following the Iran war, with governments, investors, and global powers reassessing long-standing assumptions about security, energy flows, and regional stability.
What began as a military confrontation has evolved into a broader strategic realignment involving the United States, China, Israel, Iran, Gulf states, and emerging multipolar blocs.
One of the clearest outcomes is that the traditional regional order has been weakened, particularly regarding confidence in U.S. security guarantees and the stability of Gulf energy infrastructure.
The broader implication for the global financial system is substantial: energy security, reserve diversification, and geopolitical fragmentation are now accelerating simultaneously, increasing pressure on the existing international order.
KEY DEVELOPMENTS
1. Gulf Stability Narrative Has Been Severely Damaged
The war exposed vulnerabilities once considered manageable.
Gulf energy infrastructure faced repeated strikes and disruptions
Shipping, food imports, and industrial supply chains were impacted
Investor confidence in long-term regional stability has weakened
2. China Emerged as a Critical Diplomatic Power
Beijing expanded its influence without direct military involvement.
China played a growing role in diplomatic coordination with Iran
Beijing strengthened its position as a key energy and mediation partner
The conflict reinforced China’s influence in the emerging multipolar system
3. Nuclear Deterrence Calculations Are Changing
The conflict altered strategic thinking across multiple nations.
Iran’s experience during negotiations may reshape future nuclear policy
Saudi Arabia and other regional powers may reconsider deterrence strategies
Global nonproliferation frameworks face increasing strain
4. Energy Markets Face Long-Term Structural Risk
The war highlighted the fragility of critical energy routes.
Strait of Hormuz disruptions affected global oil and LNG flows
Gulf states are reconsidering security and export strategies
Energy markets remain highly vulnerable to future geopolitical escalation
5. U.S.-Middle East Relationships Are Entering a New Phase
Regional alliances are becoming more complex.
Gulf states increasingly seek diversified strategic partnerships
Questions are growing around long-term U.S. regional influence
The Abraham Accords normalization momentum has slowed significantly
WHY IT MATTERS
This matters because the Middle East remains central to the global energy and financial system.
Any long-term instability involving Gulf infrastructure, shipping lanes, or regional alliances directly affects oil prices, inflation, trade flows, and central bank policy worldwide.
The conflict also accelerated broader geopolitical trends already underway, including de-dollarization efforts, reserve diversification, and the rise of competing power centers outside the traditional Western framework.
Markets are increasingly reacting not only to economic data but also to geopolitical fragmentation and strategic competition.
WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS
Energy disruptions can rapidly weaken importing nations’ currencies
Gold and commodity-linked reserves may gain greater importance
Currency volatility could rise during periods of geopolitical stress
Nations may continue diversifying away from concentrated dollar exposure
IMPLICATIONS FOR THE GLOBAL RESET
Pillar 1: Multipolar Power Structures Accelerate
The war reinforced the emergence of multiple competing centers of influence, particularly involving China, BRICS nations, and regional energy blocs.
Pillar 2: Energy Security and Financial Systems Converge
Control over energy routes, LNG infrastructure, and strategic commodities is becoming increasingly tied to reserve strategy, trade settlement, and global monetary influence.
CONCLUSION
The Iran war did not simply reshape regional politics — it exposed deeper structural weaknesses in the global system itself.
Energy security, alliance stability, reserve management, and geopolitical trust are now more interconnected than at any point in recent decades.
While the ceasefire may pause military escalation, the larger transformation is already underway, with nations recalculating how they secure trade, protect reserves, and position themselves in a rapidly changing world order.
The post-Iran war era may ultimately be remembered less for the battles that were fought and more for the global system changes that followed them.
Seeds of Wisdom Team
Newshounds News™ Exclusive
Sources
Modern Diplomacy — "After the Iran War: Seven Dynamics That Will Define the New Middle East"
Reuters — "Global Markets Monitor Ongoing Gulf Energy and Security Risks"
~~~~~~~~~~
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Thank you Dinar Recaps
Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?
Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?
And We Know Official: 5-17-2026
The global economic landscape is currently undergoing a period of significant transformation, leaving many investors searching for clarity amidst shifting policies and market volatility.
In a recent, in-depth discussion featuring Dr. Kirk Elliott, the conversation dives deep into the complexities of the current U.S. economic climate, exploring the intersection of monetary policy, inflation, and the evolving role of physical assets in a modern portfolio.
Bessent Sees Substantial Disinflation, Federal Victory Note, Gold-backed Currency?
And We Know Official: 5-17-2026
The global economic landscape is currently undergoing a period of significant transformation, leaving many investors searching for clarity amidst shifting policies and market volatility.
In a recent, in-depth discussion featuring Dr. Kirk Elliott, the conversation dives deep into the complexities of the current U.S. economic climate, exploring the intersection of monetary policy, inflation, and the evolving role of physical assets in a modern portfolio.
A central point of the discussion is the critical examination of mainstream economic narratives versus the realities of current inflationary pressure. Dr. Elliott sheds light on the Federal Reserve’s strategies and the long-term impacts of increased money supply on the purchasing power of the dollar.
The dialogue highlights how historical norms—such as the dollar strengthening during geopolitical conflicts—are being challenged by unconventional monetary shifts, including the intricacies surrounding the Japanese yen carry trade and the ongoing efforts of global financial institutions to manage liquidity.
Perhaps most intriguing is the conversation surrounding a potential shift in how currency is structured.
The video introduces the concept of a new gold-backed $100 bill, signaling a move toward tangible asset-backed money as a potential remedy for the devaluation often associated with fiat currency.
Coupled with the rise of stablecoins, these innovations point toward a future where the demand for the U.S. dollar is managed through new mechanisms designed to curb the necessity for constant currency printing, potentially offering a path toward greater economic stabilization.
Beyond the immediate financial metrics, the discussion expands into broader societal concerns. Dr. Elliott and the host explore the implications of centralized oversight, particularly regarding the role of artificial intelligence and global governance models.
These segments serve as a cautionary note on the importance of maintaining individual agency and economic autonomy in an era where power is increasingly consolidated. By looking at these systemic risks, the speakers encourage viewers to consider the importance of protecting their financial well-being through diversification.
For those looking to navigate these uncertain times, the conversation offers a pragmatic perspective on the role of precious metals. With silver showing noteworthy performance and gold continuing to serve as a traditional store of value, the discussion frames these assets as essential tools for those seeking to hedge against institutional instability.
By grounding one’s strategy in tangible resources, investors may find a measure of security against the ebb and flow of global market dynamics.
Iraq Economic News and Points To Ponder Sunday Afternoon 5-17-26
The Leader Of The Shiite National Movement, Al-Sadr, Calls For Preserving The Country's Resources And Ensuring A Decent Life For The People By Meeting Their Needs
latest news Sunday, May 17, 2026 Baghdad – One News The leader of the Shia National Movement, Muqtada al-Sadr, made a phone call to Prime Minister Ali al-Zaidi, congratulating him on the formation of the government and urging him to preserve the country's sovereignty and improve public services.
The Leader Of The Shiite National Movement, Al-Sadr, Calls For Preserving The Country's Resources And Ensuring A Decent Life For The People By Meeting Their Needs
latest news Sunday, May 17, 2026 Baghdad – One News The leader of the Shia National Movement, Muqtada al-Sadr, made a phone call to Prime Minister Ali al-Zaidi, congratulating him on the formation of the government and urging him to preserve the country's sovereignty and improve public services.
Al-Sadr's media office stated that he urged al-Zaidi to stand firmly against corruption, protect the country's resources, and ensure a decent life for the Iraqi people by providing services, meeting their needs, and safeguarding their rights.
https://1news-iq.net/زعيم-التيار-الوطني-الشيعي-يدعو-إلى-الح/
Al-Mada: Al-Sudani is working with his allies to form a second bloc within the framework supporting the government with approximately 170 seats
latest news Sunday, May 17, 2026 Baghdad – One News It appears that al-Sudani is trying to establish himself as the new leader within the Shiite community, following the decline of al-Maliki's influence, according to those close to him.
Sources quoted by Al-Mada newspaper indicate that Al-Sudani is working with his allies to form a second bloc supporting the government, with about 170 seats, but it appears less cohesive so far, and has not settled on a clear political name.
These developments came after the House of Representatives voted to grant confidence to only 14 ministers out of the 23 portfolios that the government is supposed to be formed from, while the decision on nine ministries was postponed, and the shares of the most prominent wings of the framework were absent from the new government, most notably Asaib Ahl al-Haq, which sources indicate has encountered an American veto, while it is trying to convince Washington to change its position. https://1news-iq.net/المدى-السوداني-يعمل-مع-حلفائه-على-تشكي/
Iraq Cabinet Posts Distributed Unfairly, Al-Sudani’s Bloc Says
2026-05-17 / Shafaq News- Baghdad The Reconstruction and Development parliamentary bloc, led by former Prime Minister Mohammed Shia Al-Sudani, on Sunday said Iraq’s new cabinet was formed through an unfair distribution of ministerial posts, despite the coalition winning the largest share of seats in the November 2025 elections with 46 lawmakers.
According to the bloc, “some factions” –without specifying– received positions exceeding their parliamentary and political weight, while Reconstruction and Development did not secure representation matching its electoral standing. Despite its objections, the coalition did not obstruct the government’s formation out of “national responsibility” and concern for state stability.
Reconstruction and Development Coalition
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In an official statement...
The Reconstruction and Development Bloc congratulates the government on its formation and looks forward to it being an extension of the path of reconstruction, development and political stability.
The bloc affirms its commitment to working within the framework of coordination, adhering to the national path, and working with partners for a stable Iraq in which the aspirations of its people are realized.
Below is the text of the bloc's official statement:
Statement issued by: Parliamentary Reconstruction and Development Bloc
The Reconstruction and Development Parliamentary Bloc congratulates the honorable Iraqi people on the formation of the new government, and looks forward to this government being an extension of the path of reconstruction, development and political stability, and achieving prosperity for our great Iraq.
Since its inception, the bloc has carried a political project based on prioritizing the supreme national interest, and during the government formation negotiations, it stressed the need for ministries to be run by capable and independent professional competencies, far removed from the quota system that burdened previous governments and weakened the performance of state institutions.
However, the outcome of the government formation negotiations revealed a clear imbalance in the distribution of ministerial posts. Some blocs received positions disproportionate to their actual parliamentary and popular weight, while the Reconstruction and Development bloc did not receive representation commensurate with its electoral and political size.
Nevertheless, the bloc did not obstruct the completion of the government formation, driven by its national responsibility and commitment to the stability of the state.
In light of these political factors, the voting session witnessed a clear divergence in the positions of a number of the bloc’s deputies towards some of the government cabinet ministries, a position stemming from respectable political and parliamentary convictions, and reflecting the nature of the responsible assessment of the government scene and its balances.
The bloc also affirms that its respected partners in the National Pact obtained their parliamentary representation in the Ministry of Agriculture, based on their political size of 11 parliamentary seats, in accordance with their political and constitutional convictions.
At the same time, the Reconstruction and Development bloc was keen to preserve the presence and entitlement of its respected partners in the Sumerians Movement, which has 5 parliamentary seats, within the parliamentary and political weight of the Reconstruction and Development bloc.
We express our full respect and appreciation to our aforementioned partners, and we value their great efforts during and after the election phase, and we wish them every success in any decision they make, and in any course of action they see as serving the national interest.
The Reconstruction and Development Bloc, in its commitment to the forces of the Coordination Framework, affirms its steadfast position of continuing within the project of the state and the nation, working and cooperating with the nation's partners for the sake of Iraq and the Iraqis, and consolidating its principles based on prioritizing supreme national interests, in accordance with its enduring motto:
Iraq first… always and forever.
The bloc will remain supportive of every step that promotes stability, reform and development, in a way that preserves the prestige of the state and protects the aspirations of the Iraqi people.
Parliamentary Reconstruction And Development Bloc
Baghdad — May 2026 The bloc added that it had pushed during coalition negotiations for ministries to be managed by “competent and independent” figures rather than through quota-sharing arrangements that had weakened previous governments and state institutions.
Although the bloc revealed divisions during Thursday’s parliamentary confidence vote, with several lawmakers opposing specific ministries based on “political and parliamentary convictions,” it reaffirmed its commitment to the Shiite Coordination Framework, which holds around 162 seats in Iraq’s 329-member parliament and nominated Ali Al-Zaidi for prime minister.
Earlier, the National Contract bloc led by Popular Mobilization Forces chief Faleh Al-Fayyadh and the Sumariyoun Movement headed by former Labor Minister Ahmed Al-Asadi announced their withdrawal from the Reconstruction and Development coalition, accusing the alliance of marginalization and exclusion.
However, the bloc said the National Contract alliance received representation through the Agriculture Ministry based on its 11 parliamentary seats, while the five-seat Sumariyoun movement remained represented within Reconstruction and Development’s broader parliamentary coalition.
Parliament approved 14 ministers in Al-Zaidi’s cabinet on Thursday, while votes on nine key portfolios were postponed until after the Islamic holiday Eid Al-Adha following political disputes and US warnings against including armed factions in the new government.
Read more: Ali Al-Zaidi sworn in as Iraq's prime minister with a program already failed
https://www.shafaq.com/en/Iraq/Iraq-cabinet-posts-distributed-unfairly-Al-Sudani-s-bloc-says
Former MP Files Conflict-Of-Interest Complaint Against Iraqi PM, Electricity Minister
2026-05-17 Shafaq News- Baghdad Former Iraqi lawmaker Raed al-Maliki on Sunday filed a formal complaint accusing Prime Minister Ali al-Zaidi and Electricity Minister Ali Saadi Wahib of conflicts of interest linked to ongoing business dealings and financial claims involving state institutions.
The complaint was submitted to the Integrity Commission’s (CoI) Department of Prevention and the Public Prosecution Service, with copies sent to parliament’s Integrity and Legal committees, according to a statement by al-Maliki. He called on the relevant authorities to compel both officials to disclose their financial interests and remove the alleged conflicts.
According to al-Maliki, Article 20/Second of Iraq’s CoI and Illicit Gains Law No. 30 of 2011, as amended, requires officials in such cases either to relinquish those interests or leave office within 90 days.
The media offices of the prime minister and the electricity minister offered no official statement regarding the allegations.
On May 5, Iraq's Federal Supreme Court registered the first legal challenge to the constitutional validity of al-Zaidi's designation as prime minister-designate. The case was also filed by al-Maliki, acting in his capacity as a private citizen and independent political figure.
. رائد المالكي / نائب مستقل
Srtoepsndo3gg8li7tag691u8hm7if003594imi6fg4g9u569cfa6tht8728 ·
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Today morning, Sunday 17 / 5 We made an official report to the Integrity Authority / the Department of Defense and the Public Prosecution, and we felt all of:
- Representative Integrity Committee
- The Parliamentary Legal Committee
Regarding the conflict of interests of the Prime Minister (Ali Al-Zaidi) and the Minister of Electricity (Ali Saadi Wahib) for having ongoing contracts with the government and ministries and debts against them, which constitutes a conflict of interests prohibited by law.
We asked for legal action to be taken by the Mouma obligation to disclose the interests they have with the government and eliminate the conflict, in accordance with the Integrity and Illegal Profit Authority Act No. 30 of 2011 the rate (20/second), it must: either waive these interests, or resign the position within 90 days.
The Minister Of Finance Chairs A Meeting Of Directors General And Emphasizes: The Current Phase Requires Exceptional Action.
Baghdad Today - Baghdad:Finance Minister Faleh Sari chaired a meeting of general managers on Sunday (May 17, 2026) and stressed: The current stage requires exceptional work.
The Ministry of Finance stated in a statement received by “Baghdad Today” that “Following the commencement of his duties, the Minister of Finance, Faleh Sari, chaired today an expanded meeting that included the Directors General in the Ministry’s headquarters and its affiliated formations, to discuss the priorities of the next stage and mechanisms to enhance financial and administrative performance.”
The minister stressed, according to the statement, that "the current situation requires exceptional work, highly efficient management, and financial discipline," emphasizing "the importance of unifying efforts and working as a team to confront the current economic and financial challenges."
Sari called for "maximizing public revenues in the ministry's affiliated bodies and departments, in order to contribute to fulfilling the state's financial obligations, in light of the challenges related to energy markets and the decline in the country's oil exports to unprecedented levels."
The minister stressed the need to "adopt clear time limits for completing files," emphasizing that "the current stage requires officials who have the ability to diagnose problems and provide practical solutions, and that the standard for a manager's success or failure will be achievement and taking responsibility." https://baghdadtoday.news/299420-.html
More Iraq News Posted by Tishwash at TNT 5-17-2026
TNT:
Tishwash: The Iraqi dinar is under pressure from the financial crisis and fears of declining monetary cover.
Warnings are increasing about the repercussions of the financial crisis on the stability of the Iraqi dinar, with growing talk about the possibility of using part of the cash reserve to cover government expenses.
Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the cash reserves of the Central Bank of Iraq, given the existence of an amount exceeding $90 billion, while warning at the same time of the occurrence of inflation within Iraq.
TNT:
Tishwash: The Iraqi dinar is under pressure from the financial crisis and fears of declining monetary cover.
Warnings are increasing about the repercussions of the financial crisis on the stability of the Iraqi dinar, with growing talk about the possibility of using part of the cash reserve to cover government expenses.
Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the cash reserves of the Central Bank of Iraq, given the existence of an amount exceeding $90 billion, while warning at the same time of the occurrence of inflation within Iraq.
Qusay said that “the Central Bank of Iraq’s reserves amount to $90 billion in addition to 170 tons of gold, and if borrowing from these reserves is relied upon, it is possible to continue with financial flexibility up to $60 billion.”
He added that “the $60 billion represents the value of the issued Iraqi dinar, but the dinar’s value falling below the aforementioned financial cover means allowing inflation to occur domestically.”
He explained that “the possibility of resorting to borrowing from the central bank’s reserves, or the occurrence of the aforementioned inflation, may happen six months after this May, as the government can secure salaries for this period of time.” link
Tishwash: Zaidi formally assumes office, pledges economic reform and fight against corruption
Ali al-Zaidi officially assumed his duties Saturday as Iraq’s prime minister and commander-in-chief of the armed forces during a handover ceremony at the Government Palace in Baghdad attended by former Prime Minister Mohammed Shia al-Sudani.
In his first address to Iraqis after taking office, Zaidi outlined priorities including economic reform, anti-corruption measures and improvements to public services.
“I extend my sincere thanks and appreciation to the Council of Representatives for the national vote of confidence,” he said, also thanking Coordination Framework leaders and political parties involved in forming the government.
Zaidi said his administration would pursue “a comprehensive economic and financial reform program aimed at building a strong, diversified, and sustainable national economy that does not rely on a single resource,” focusing on industry, agriculture, tourism and investment. He pledged to combat corruption, describing it as “an obstacle to development and delays the progress of the state,” and said creating jobs for young people through development projects and private sector support would be among the government’s top priorities.
On services, Zaidi said “the file of services and infrastructure will no longer remain hostage to deferred promises,” committing his government to projects covering electricity, water, roads, sewage, transportation and housing. He also promised reforms in education and healthcare, including developing school curricula and improving hospitals across urban and rural areas.
Parliament approved 13 ministers Thursday during a session attended by 266 lawmakers. Several nominees failed to secure confidence, including those for planning, higher education, interior and construction and housing. Voting on defense, labor, migration and youth and sports ministries, along with deputy prime minister positions, was postponed. link
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Tishwash: President Al-Zaidi: Economic reform, fighting corruption, and providing job opportunities are at the top of the government's priorities.
Prime Minister Ali Faleh al-Zaidi confirmed on Saturday that the next phase will witness the launch of a comprehensive economic and financial reform program, while stressing the need to protect public funds, fight corruption, and improve basic services in the country.
In a televised address to the Iraqi people on the occasion of his official assumption of duties as Prime Minister, Al-Zaydi said that he extends his sincere thanks and appreciation to the House of Representatives for granting him confidence, and he commended the role of the leaders of the Coordination Framework and the national political forces in the success of the government formation process.
He added that the next phase will be “a phase of genuine national partnership that transcends differences,” pledging to work to confront challenges with a spirit of responsibility and cooperation.
Al-Zaydi explained that his government will prioritize the implementation of an economic and financial reform program aimed at building a strong, diversified and sustainable national economy, based on revitalizing the industry, agriculture, tourism and investment sectors, in addition to supporting national energies and Iraqi competencies.
He indicated that the government will work “with all its might” to protect public funds and combat administrative and financial corruption in all its forms, considering it an obstacle to development and the progress of the state.
Regarding employment, the Prime Minister stressed that providing job opportunities for young people and reducing unemployment rates will be at the forefront of the government’s concerns, through launching productive and developmental projects, encouraging investment, and supporting the private sector.
He also stressed the importance of achieving social justice and ensuring the fair distribution of opportunities among citizens, away from favoritism and discrimination, in order to strengthen the principle of citizenship.
In the education and health sectors, Al-Zaydi announced plans to support education exceptionally by developing curricula and upgrading schools and universities, as well as improving medical and health services, developing hospitals and health centers, and providing treatment and medicine to all citizens.
He stressed that the services and infrastructure file will be “a field of work and achievement,” through the implementation of strategic projects to improve electricity, water, roads, sewage, transportation and housing.
He pointed out that his government would be “a government of institutions, law and justice,” working to consolidate security and stability, protect Iraq’s sovereignty and strengthen Arab, regional and international relations on the basis of mutual respect and common interests.
Al-Zaydi also expressed his gratitude to the supreme religious authority, praising its role in maintaining social peace, in addition to his appreciation for all religious and national institutions and symbols from the various components of the Iraqi people.
The Prime Minister concluded his speech by emphasizing that “the path of reform may be difficult, but it is not impossible when intentions are united and efforts are sincere,” stressing that Iraq deserves to rise up and achieve a dignified life for its people. link
Tishwash: A potential legal crisis: An expert comments on the government borrowing without an approved budget.
On Saturday (May 16, 2026), economist Nabil Al-Marsoumi sparked controversy regarding the government's legal powers in the matter of borrowing in the absence of a federal budget.
Al-Marsoumi said, in a clarification on the Facebook platform followed by “Baghdad Today”, that “there is no text in the Financial Management Law No. 6 of 2019 that allows the government to borrow in the event that the federal budget law is not enacted, and Article 13 of the law only stipulates that: (In the event that the approval of the federal general budget is delayed until December 31 of the year preceding the year of preparing the budget, the Minister of Finance shall issue a circular according to the disbursement mechanism at a rate of (1/12) (one/twelve) or less of the total actual expenditures for current expenditures for the previous fiscal year, after excluding non-recurring expenditures, on a monthly basis until the federal general budget is approved).”
He added, “Looking back a little, we find that the collapse of oil prices during Al-Kadhimi’s time in 2020, and the inadequacy of public revenues to cover salaries, prompted Al-Kadhimi’s government to resort to Parliament to legislate a law that would allow it to borrow. The first was the Borrowing and Financial Deficit Treatment Law No. 5 of June 2020, in which the Minister of Finance was authorized to borrow locally and externally, not exceeding $5 billion for external borrowing, and 15 trillion dinars for internal borrowing.”
Al-Marsoumi continued, “The second borrowing law and the treatment of the financial deficit was issued on 11/12/2020, to secure the salaries of employees and retirees for the last months of 2020, with a value of 12.5 trillion dinars, after the state treasury reached a stage of being unable to pay salaries.”
He pointed out that “all the internal and external borrowing operations that the Sudanese government resorted to, which exceed 10 trillion dinars this year, lack the legal cover represented by the absence of a general budget in 2026, and the absence of any other law that allows it to borrow, and that any other borrowing operations that the Al-Zidi government will resort to, without the availability of legal cover, are also considered a legal violation and an overstepping of its powers specified in the Iraqi laws.” link
News, Rumors and Opinions Sunday 5-17-2026
Ross: The Major Prerequisite for the IQD to Achieve Stability to Revalue
5-17-2026
Iraq is on track to not only diversify away from just oil but diversify the oil flow itself.
The Strait of Hormuz is directly tied to Iran and this economic vulnerability being solved was always a MAJOR prerequisite to IQD achieving the stability to revalue.
You are going to witness unstoppable progress from here on.
Ross: The Major Prerequisite for the IQD to Achieve Stability to Revalue
5-17-2026
Iraq is on track to not only diversify away from just oil but diversify the oil flow itself.
The Strait of Hormuz is directly tied to Iran and this economic vulnerability being solved was always a MAJOR prerequisite to IQD achieving the stability to revalue.
You are going to witness unstoppable progress from here on.
Zoom News: Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, sharply down from about 93 million barrels monthly before the Iran war, the country’s new Oil Minister Basim Mohammed said on Saturday. Speaking at his first press conference, Mohammed said Iraq currently exports 200,000 barrels per day through Kurdistan Region pipeline to Turkey’s Ceyhan port, with plans to increase the volume to 500,000 bpd.
Prime Minister Al-Zaidi’s very first decision in office was to meet with the Minister of Finance and the CBI Governor.
That single move tells you everything you need to know about what’s coming next for your IQD investment.
Source(s):
• https://x.com/Ross_ptm/status/2055696990563094634
• https://x.com/Ross_ptm/status/2055703433999716669
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Paulette Al-Zaidi's government was given confidence, he and the ministers were sworn in at Parliament. The world, especially the US, has been congratulating him on forming the government...Iraq now has a functioning, non-caretaker status, government that can start moving on the Kurd/Baghdad Oil and Gas Law, laws to regulate the Factions and laws to bring all arms in control of the State...Once we see those accomplished and not before, I will start watching what the CBI does.
Jeff Now that Iraq has competed the formation of their government and sworn them in, now that the Clarity Act finally got approved because the rate change is right here in front of us...The rate change is 100% done and ready to go. It's going to come reasonably quick.
Militia Man Government is one, the banking is two and they work in conjunction but they're independent. The Central Bank of Iraq is independent. Keep that in mind at all times because that's a fact.
Stephen It's been a very exciting week. A lot has happened in Iraq. We have a government formation, which I didn't think was going to happen this week. I thought they were going to push it out probably till June, which has been the case every single year for the last 23 years. There's exciting things going on...This is the most movement, the most amount of things happening, I have ever seen. It's exciting to be watching this in real time.
Edu Matrix: Currency Alert for VES and CUP
5-15-2026
In the complex world of global finance, investors often look toward historical markers to identify potential opportunities in emerging markets.
A recent video from Edu Matrix delves into an intriguing economic hypothesis: could the Venezuelan bolívar (VES) experience a dramatic recovery similar to the transformation seen in Panama following its significant political transition?
Iraq Economic News and Points To Ponder Sunday Morning 5-17-26
The International Monetary Fund Comments On Reports That Iraq Has Requested Financial Assistance.
Money and Business Economy News — Baghdad The International Monetary Fund said it continues to discuss the possibility of providing financial support to countries affected by rising energy and commodity prices due to the war in the Middle East, without confirming reports that Iraq had requested financial assistance.
Reuters quoted the IMF spokeswoman, Julie Kozak, as saying during a press conference that the Fund continues to discuss potential financial assistance for member countries suffering from high energy and commodity costs, but she did not provide details on specific countries, and declined to comment on a report that Iraq had requested financial support.
The International Monetary Fund Comments On Reports That Iraq Has Requested Financial Assistance.
Money and Business Economy News — Baghdad The International Monetary Fund said it continues to discuss the possibility of providing financial support to countries affected by rising energy and commodity prices due to the war in the Middle East, without confirming reports that Iraq had requested financial assistance.
Reuters quoted the IMF spokeswoman, Julie Kozak, as saying during a press conference that the Fund continues to discuss potential financial assistance for member countries suffering from high energy and commodity costs, but she did not provide details on specific countries, and declined to comment on a report that Iraq had requested financial support.
Kozak added that a number of countries are asking the Fund for support in the area of economic policies and advice on how to respond to economic shocks according to the circumstances of each country.
Media reports had indicated that Iraq had requested financial assistance from the Fund as a result of the repercussions of the war in the Middle East and rising energy prices, at a time when the Fund’s Managing Director, Kristalina Georgieva, had previously indicated that about 12 countries might need financial support ranging between $20 billion and $50 billion.
https://www.economy-news.net/content.php?id=69157
Finance Minister: The Current Stage Requires Exceptional Work And Rapid Progress
Economy News – Baghdad On Sunday, Iraqi Finance Minister Faleh Sari chaired an expanded meeting with the directors general of the ministry's headquarters and its affiliated departments, following his official commencement of duties, to discuss the priorities of the next phase and mechanisms for enhancing financial and administrative performance.
During the meeting, the minister stressed that the current stage requires “exceptional work, highly efficient management, and financial discipline,” emphasizing the importance of unifying efforts and working as a team to confront the current economic and financial challenges.
Sari called for maximizing public revenues in the ministry’s affiliated bodies and departments, in order to contribute to fulfilling the state’s financial obligations, in light of the challenges related to energy markets and the decline in Iraqi oil exports to levels he described as “unprecedented”.
The Minister of Finance also stressed the need to adopt clear time limits for completing files, stressing that the current stage requires officials capable of diagnosing problems and providing practical solutions, and that the standard of success will be linked to achievement and taking responsibility. https://www.economy-news.net/content.php?id=69170
Russian Banks Enter Into Financial Cooperation With Iran
banks Economy News - Follow-up The former head of Iran’s Trade Development Organization, Peyman Pak, announced on Saturday that a number of major Russian banks, including Sberbank and VTB Bank, have established active correspondent accounts with the Central Bank of Iran and banks operating in the country.
Fars News Agency quoted Pak as saying that the assets of these banks range between $400 and $500 billion for each bank, which is almost double the total assets of Iranian banks, providing a great capacity to expand financial exchanges between the two sides.
He added that linking the Iranian financial payment system “SPAM” to the Russian SPFS network contributed to reducing the time required for currency transfers for traders from several months to about 48 hours, which led to a significant increase in the volume of cash exchanges.
The financial cooperation between the two sides comes at a time when the US Treasury Department imposed new sanctions on Monday related to Iran, targeting individuals and companies run from several countries, including China.
On April 28, 2026, the US Treasury Department announced sanctions against 35 entities and individuals in Iran for helping them evade sanctions. https://www.economy-news.net/content.php?id=69127
Financial Times: Shipping Companies Are Transporting Fuel By Truck Amid The Strait Of Hormuz Crisis.
energy Economy News - Follow-up The Financial Times reported that major shipping companies have begun using trucks to transport fuel amid the partial closure of the Strait of Hormuz due to the crisis in the Middle East.
The newspaper confirmed that, with the Strait of Hormuz closed, shipping rates on the Shanghai-Gulf and Red Sea route reached record levels this week, exceeding the levels recorded during the COVID-19 pandemic.
Citing data from Clarksons research firm, she noted that the shipping cost for a standard container on this route has risen from $980 to $4,131 since May 15.
The magazine stated that "all major shipping companies, including Mediterranean Shipping Company (MSK), Maersk, CMA-CGM and Hapag-Lloyd, have opened routes to transport goods from Red Sea and Gulf of Oman ports."
The Financial Times quoted Maersk CEO Vincent Clerc as saying that a large number of trucks were used to transport the shipments.
He noted that Saudi Arabia and Iraq have allowed large numbers of trucks to enter from Iraq, Jordan and Turkey.
However, the newspaper stressed that trucks can only partially replace the capacity of container ships and large cargo vessels that used to serve the Arab Gulf states via the Strait of Hormuz. https://www.economy-news.net/content.php?id=69171
EIA: Iraq’s Oil Exports To US Rise Over The Week
2026-05-17 Shafaq News- Baghdad/ Washington Iraq’s crude oil exports to the United States rose 24,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday.
Iraqi shipments averaged 100,000 bpd last week, 31.6% higher than the previous week’s average of 76,000 bpd.
Total US crude imports from nine major suppliers reached 5.404 million bpd last week. Canada remained the top supplier at 4.067 million bpd, followed by Venezuela with 588,000 bpd, Colombia with 164,000 bpd, Saudi Arabia with 154,000 bpd, and Brazil with 109,000 bpd.
Imports also included Nigeria at 87,000 bpd, Mexico at 71,000 bpd, and Ecuador at 64,000 bpd. No oil was imported from Libya this week. https://www.shafaq.com/en/Economy/EIA-Iraq-s-oil-exports-to-US-rise-over-the-week
Dollar Slips In Baghdad, Steady In Erbil
2026-05-17 Shafaq News- Baghdad/ Erbil The US dollar opened Sunday's trading slightly lower in Baghdad and unchanged in Erbil, hovering around 154,000 dinars per 100 dollars.
According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,800 dinars per 100 dollars, down from Saturday's 153,900 dinars.
In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,500 dinars and buying prices at 153,400 dinars.
https://www.shafaq.com/en/Economy/Dollar-slips-in-Baghdad-steady-in-Erbil
Gold Prices Stable In Baghdad And Erbil
2026-05-17 Shafaq News- Baghdad/ Erbil Gold prices on Sunday remained constant in Baghdad and Erbil markets, hovering below the million-dinar mark, according to Shafaq News market survey.
On Baghdad's Al-Nahr Street, wholesale markets recorded a selling price of 982,000 IQD per mithqal (equivalent to five grams) for 21-carat Gulf, Turkish, and European gold, with a buying price of 978,000 IQD, the same as the previous session.
Iraqi 21-carat gold sold at 952,000 IQD per mithqal, with a buying price of 948,000 IQD.
In jewelry stores, 21-carat Gulf gold ranged between 985,000 and 995,000 IQD per mithqal, while Iraqi gold sold between 955,000 and 965,000 IQD.
In Erbil, prices also declined, with 22-carat gold selling at 1.021 million IQD per mithqal, 21-carat at 975,000 IQD, and 18-carat at 835,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-stable-in-Baghdad-and-Erbil
CBI: Iraq's Foreign Reserves Shed $1.8 Billion In A Single Week
2026-05-17 Shafaq News- Baghdad Iraq's foreign currency reserves fell sharply in the final week of April, according to fresh financial indicators published by the Central Bank of Iraq (CBI).
Net foreign assets held by the central bank declined from 125.614 trillion dinars on April 23 to 123.269 trillion dinars —approximately $93.3 billion— by the end of the month, a drop of 2.345 trillion dinars in seven days, equivalent to some $1.8 billion based on a Shafaq News calculation derived from central bank data. Other official reserves fell in parallel, settling at 122.780 trillion dinars.
Economic analyst Nabil al-Marsoumi attributed the continued decline directly to falling oil revenues.
CBI: Iraq's foreign reserves shed $1.8 billion in a single week - Shafaq News
https://www.shafaq.com/en/Economy/CBI-Iraq-s-foreign-reserves-shed-1-8-billion-in-a-single-week
Seeds of Wisdom RV and Economics Updates Sunday Morning 5-17-26
Good Morning Dinar Recaps,
Taiwan Independence Remarks Raise New Flashpoint in US–China Power Struggle
Taipei’s latest sovereignty declaration is intensifying geopolitical tensions at a time when global markets are already facing mounting uncertainty over trade, military alliances, and the future balance of economic power.
Good Morning Dinar Recaps,
Taiwan Independence Remarks Raise New Flashpoint in US–China Power Struggle
Taipei’s latest sovereignty declaration is intensifying geopolitical tensions at a time when global markets are already facing mounting uncertainty over trade, military alliances, and the future balance of economic power.
Overview
Taiwan President Lai Ching-te declared that “Taiwan independence” means the island does not belong to Beijing and that only Taiwan’s people can determine their future. The comments followed the recent summit between US President Donald Trump and Chinese President Xi Jinping, where Trump reiterated that Washington does not officially support Taiwanese independence.
The remarks are significant because they touch one of the most sensitive issues in global geopolitics. China continues to view Taiwan as part of its territory and has repeatedly warned that formal moves toward independence could trigger military action.
Markets and governments are closely watching the situation because any escalation involving Taiwan could disrupt global trade routes, semiconductor production, energy markets, and international supply chains — all of which are deeply connected to the evolving discussions surrounding a global financial reset and the emergence of a more fragmented multipolar world order.
Key Developments
1. Taiwan Reasserts Sovereignty Position
President Lai emphasized that Taiwan is already a sovereign nation operating under the Republic of China framework and is not subordinate to the People’s Republic of China.
His statement reinforced Taiwan’s long-standing position that the island’s future should only be determined by its own citizens, not by Beijing.
The comments are likely to intensify pressure from China, which views such language as crossing political red lines.
2. US–China Relations Enter Another Sensitive Phase
The timing of Lai’s comments is especially important because they came immediately after the Trump–Xi summit.
Trump stated that the United States is not encouraging Taiwanese independence, signaling Washington’s attempt to avoid direct escalation while still maintaining strategic support for Taipei.
This balancing act reflects the increasingly fragile relationship between the world’s two largest economies.
3. Taiwan Remains Critical to the Global Economy
Taiwan sits at the center of the global semiconductor industry, making it one of the most strategically important economies in the world.
Any instability involving Taiwan could impact:
Technology supply chains
Artificial intelligence development
Global manufacturing
Shipping routes in the Indo-Pacific
Currency and commodity markets
Investors increasingly view Taiwan tensions as one of the biggest long-term threats to global economic stability.
4. Multipolar Financial Realignment Continues
The Taiwan issue is also becoming tied to the broader geopolitical realignment now underway between the United States, China, BRICS nations, and regional powers across Asia and the Middle East.
As tensions rise, countries continue accelerating efforts to:
Diversify trade partnerships
Reduce reliance on Western financial systems
Strengthen regional alliances
Expand local currency trade mechanisms
Increase gold and strategic reserve holdings
This gradual fragmentation is one of the defining trends driving discussions around a possible global financial reset.
Why It Matters
The Taiwan issue is no longer just a regional political dispute. It now represents a major fault line in the global economic system.
The world economy depends heavily on stable trade flows through Asia, semiconductor production from Taiwan, and cooperation between the United States and China.
Any escalation could trigger:
Supply chain disruptions
Energy price volatility
Currency instability
Stock market selloffs
Acceleration of de-dollarization efforts
Global investors are increasingly treating geopolitical risk as a direct financial risk.
Why It Matters to Foreign Currency Holders
For foreign currency and precious metals investors, Taiwan tensions reinforce the growing importance of geopolitical positioning in global finance.
Periods of rising instability often increase interest in:
Gold and silver
Alternative reserve currencies
BRICS trade systems
Energy-backed agreements
Strategic commodity investments
The deeper the divide becomes between major powers, the faster the world may move toward competing financial blocs rather than a single unified economic system.
Implications for the Global Reset
Pillar 1: Geopolitical Fragmentation
Taiwan remains one of the most dangerous geopolitical flashpoints on Earth. Escalation could accelerate the transition toward a multipolar global order divided into competing economic and military spheres.
Pillar 2: Financial System Realignment
As tensions grow between Washington and Beijing, nations may continue reducing exposure to systems controlled by geopolitical rivals, increasing momentum behind local currency settlements, reserve diversification, and regional financial cooperation.
Conclusion
President Lai’s remarks have once again placed Taiwan at the center of the global geopolitical conversation.
While no immediate confrontation appears imminent, the situation highlights how fragile international stability has become as economic competition, military strategy, and financial realignment increasingly overlap.
For markets, governments, and investors alike, Taiwan is no longer simply a diplomatic issue — it is a central piece of the evolving struggle over the future structure of global power and finance.
This is not just politics — it’s global finance restructuring before our eyes.
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
Iraq Economic News And Points To Ponder Late Saturday Evening 5-16-26
An Economist Confirms The Possibility Of Resorting To The Central Bank's Reserves To Compensate For The Deficit.
Baghdad... Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the Central Bank of Iraq's cash reserves, which exceed $90 billion, while simultaneously warning of the potential for inflation within Iraq.
Qusay told Al-Maalouma, "The Central Bank of Iraq's reserves amount to $90 billion, in addition to 170 tons of gold. If borrowing from these reserves is adopted, it is possible to maintain financial flexibility down to $60 billion."
He added, "The $60 billion represents the value of the issued Iraqi dinar, but a decrease in the dinar's value below this financial backing would allow for domestic inflation."
An Economist Confirms The Possibility Of Resorting To The Central Bank's Reserves To Compensate For The Deficit.
Baghdad... Economic expert Dr. Safwan Qusay confirmed the possibility of resorting to the Central Bank of Iraq's cash reserves, which exceed $90 billion, while simultaneously warning of the potential for inflation within Iraq.
Qusay told Al-Maalouma, "The Central Bank of Iraq's reserves amount to $90 billion, in addition to 170 tons of gold. If borrowing from these reserves is adopted, it is possible to maintain financial flexibility down to $60 billion."
He added, "The $60 billion represents the value of the issued Iraqi dinar, but a decrease in the dinar's value below this financial backing would allow for domestic inflation."
**********************************
He indicated that "the possibility of resorting to borrowing from the Central Bank's reserves, or the aforementioned inflation, could occur six months after this May, as the government can secure salaries for this period." End 25N
Al-Hilali Reveals Details Of The US Deadline For Al-Zidi's Government: Six Months For Evaluation And Another To Decide On Support
latest news Saturday, May 16, 2026 Baghdad - One News The Arabic 21 website quoted former Prime Minister's advisor Ayed Al-Hilali as saying that Prime Minister Ali Al-Zaidi is required to make very significant changes in order to implement what he described as the United States' conditions.
Al-Hilali explained that Washington gave Al-Zaidi an initial six-month grace period to assess the performance of his government, followed by a similar extension before making a decision on whether to continue supporting him or abandon him.
He added that American officials, including Ambassador Tom Barrack, expressed a clear desire to deal with Al-Zaidi's government, noting that American support would not be free, but rather linked to the existence of a political and executive quid pro quo for this support. https://1news-iq.net/الهلالي-يكشف-تفاصيل-المهلة-الأمريكية/
A Member Of The Parliamentary Finance Committee Told NINA: "The Next Stage Will Be Very Difficult... Economically."
Saturday, May 16, 2026 08:49 | Economy Baghdad / NINA / Member of the Parliamentary Finance Committee, MP Mustafa al-Karawi, affirmed that Iraq is facing a very difficult economic phase, attributing this to the widening budget deficit, low revenues, and the failure to find alternatives to oil to finance the country's economy.
Al-Karawi told the Iraqi National News Agency ( NINA 😞 "Following the economic crisis that occurred in the region due to the Iran-US war and the previous Iraqi government's inability to find solutions for oil exports, the budget deficit and low revenues have widened due to the failure to find alternatives to oil by increasing non-oil revenues."
The Finance Committee member emphasized: "The coming period will be very difficult due to the lack of non-oil funding sources, as non-oil revenues constitute only 10% of total revenues. This will significantly impact the revenue generated and its direct dependence on external regional conditions." He explained: "The continuation of this situation will greatly affect the provision of services and the implementation of investment projects due to the lack of financial liquidity."
He expressed his hope that the new government would find real solutions to build a strong domestic economy and establish systems to effectively manage non-oil revenues, significantly reducing dependence on oil. https://ninanews.com/Website/News/Details?key=1295740
******************************
Government Advisor: The Budget Is Going Through A Complex Funding Crisis And Salaries Are A "Sacred Issue"
Exclusive to Alsumaria 2026-05-16 | 13:07 The economic and financial advisor to the Prime Minister said, Mazhar Muhammad Salih On Saturday, he said the general budget is facing a major crisis as a result of funding disruptions, attributing this to what he described as the shock of the shutdown. Strait of Hormuz Against the backdrop of tensions betweenIranAnd the United States, which was reflected in the smooth and proper delivery of about 90% of the budget resources.
Saleh stated in an interview with Alsumaria News He noted that "short-term measures are being worked on," indicating that there is significant coordination and cooperation between fiscal and monetary policies to ensure the continued functioning of the government and the fulfillment of essential obligations.
He explained that "the ongoing war is short-term in nature, and that government efforts are currently focused on overcoming this phase and mitigating its economic impact."
The advisor emphasized that the issue of salaries is a "sacred matter" affecting the lives of approximately 9 million employees and nearly 40 million citizens, noting that each salary supports an entire family, and that in a rentier state like Iraq Not possible Acceptance Any discussion about compromising it is unacceptable, as it is at the forefront of government priorities.
Kujer To Nina: Iraq Is The Biggest Economically Affected By The US-Iran War
Saturday, May 16, 2026 09:38 | Economy Baghdad/ NINA / Jamal Kojar, a member of the Parliamentary Finance Committee, affirmed that Iraq is the country most economically affected by the regional Iranian-American conflict. He explained that most capital has fled Iraq due to the unstable security and military situation.
In a statement to the Iraqi National News Agency ( NINA ), Kojar said, "The security and regional situation has direct and indirect effects on the Iraqi economy in several aspects. The first, main, and most impactful aspect is the oil sector, as oil production has decreased by at least three-quarters, and the oil being sold now costs more than before the war."
He added, "The second affected sector is trade, especially border crossings, as maritime traffic has been significantly impacted and complicated. The third affected sector is investment, which is experiencing near-paralysis."
Kujer continued: "The fourth aspect affected was foreign capital. After this battle and the attempts to drag Iraq into the Iran-US war, much capital fled the country, and investments were withdrawn. The fifth aspect that impacted the economy and financial situation was the measures accompanying the military operation, such as the cessation of liquidity and foreign currency support, and a long list of other effects left by the war in the region, making Iraq the most economically damaged country." /End 8. https://ninanews.com/Website/News/Details?key=1295749
************************************
An Iraqi Observatory Presents Three Options To The Al-Zaidi Government To Address The Financial Crisis.
Energy and Business breaking 2026-05-16 Shafaq News - Baghdad On Saturday, the "Eco Iraq" economic observatory presented three options to the government of Prime Minister Ali Faleh al-Zaidi to confront the financial crisis.
The observatory said in a statement received by Shafaq News Agency that "the Strait of Hormuz crisis has significantly affected Iraq's financial revenues, in addition to a pre-existing financial deficit and an increase in the size of the internal debt."
He added that "there are three main options before the new government headed by Ali al-Zaidi to address the crisis, the first of which is internal borrowing."
The observatory explained that "domestic borrowing is done through the issuance of bonds or treasury bills by the Ministry of Finance, which are purchased by the Central Bank of Iraq, in exchange for providing financial liquidity to the government at specific interest rates."
He pointed out that "the previous government adopted this option during the past years, which contributed to the decline of the official reserve to about 125.6 trillion Iraqi dinars."
The observatory explained that "the second option is to adjust the exchange rate of the Iraqi dinar to 150,000 dinars per 100 dollars, instead of 132,000 dinars, with the aim of increasing government revenues in dinars and reducing the financial deficit."
He explained that "this option was previously used during the government of former Prime Minister Mustafa Al-Kadhimi following the financial crisis and the drop in oil prices, with the possibility of restoring the exchange rate to previous levels if oil and financial revenues improve."
The observatory concluded its statement by saying, “The third option is to resort to external borrowing, as happened during Haider al-Abadi’s government, where some international loans were linked to reform measures and financial and economic conditions related to public spending, employment and fiscal policies.”
A source close to the International Monetary Fund revealed on Thursday that Iraq is seeking financial support from the Fund as a result of the consequences of the war in the Middle East, which has affected the flow of oil and energy supplies from producing countries. https://www.shafaq.com/ar
FRANK26….5-16-26…..ONLY Z
KTFA
Saturday Night Video
FRANK26….5-16-26…..ONLY Z
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Saturday Night Video
FRANK26….5-16-26…..ONLY Z
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Why Silver Will Explode – Mike Maloney Warns of Oil Crisis & Market Crash
Why Silver Will Explode – Mike Maloney Warns of Oil Crisis & Market Crash
5-15-2026
In this powerful new presentation, Mike Maloney joins Robert Helms of The Real Estate Guys live from Puerto Rico to break down the perfect storm hitting the global economy right now.
The escalating conflict in Iran has devastated critical oil and natural gas infrastructure in the Strait of Hormuz — where roughly one-third of the world’s oil and fertilizer supply flows. Traffic has collapsed for over a month, driving oil prices sharply higher, fertilizer prices nearly doubling, and threatening food shortages and crop failures worldwide.
Why Silver Will Explode – Mike Maloney Warns of Oil Crisis & Market Crash
5-15-2026
In this powerful new presentation, Mike Maloney joins Robert Helms of The Real Estate Guys live from Puerto Rico to break down the perfect storm hitting the global economy right now.
The escalating conflict in Iran has devastated critical oil and natural gas infrastructure in the Strait of Hormuz — where roughly one-third of the world’s oil and fertilizer supply flows. Traffic has collapsed for over a month, driving oil prices sharply higher, fertilizer prices nearly doubling, and threatening food shortages and crop failures worldwide.
Mike reveals eye-opening charts showing:
• The Buffett Indicator at a record 232% — far beyond the 1929, 2000, and 2007 peaks
• Sky-high PE ratios and hours-of-work needed to buy stocks
• Energy price spikes that have preceded every major recession
• Banks upside-down on bonds and commercial real estate delinquencies worse than 2008
He explains why fiat currency can’t store value, why real assets are essential, and why gold and silver have been the top-performing assets of the 21st century.
Mike also shares his personal move to build 900-acre Freedom Farms in Puerto Rico as a model for true resilience and self-sufficiency.
Whether you’re a real estate investor, precious metals owner, or simply want to protect your family, this is a must-watch roadmap for what’s coming.