Monday Coffee with MarkZ. 05/25/2026

Monday Coffee with MarkZ. 05/25/2026

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Thanks to all in the armed forces on this Memorial Day.

MZ: The chatter has been unreal this weekend. Rumors hit hard and heavy over the weekend that the Treasury was told it would be a “go” last Friday and got the ball rolling and started the Process….I have not been able to vet it because it was over the weekend and a holiday today. ….We will see what is real .

MZ: But, this was from a number of different sources who are claiming that all bonds that have already been vetted are going this week. We have heard this before but the chatter over the weekend was crazy.

MZ: Markets are not open today. It will probably be later tomorrow when we can properly vet things.

MZ: Mike Bara is also getting a lot of the same news I am but from different sources.

Member: Hearing Iraq is supposed to get it done before the 31st right before the end of this month before their holiday?..

Member: Saw an article by Melanie Hienz from March 2025 that says rate is $4.8101

MZ: This is the rate that many others have seen as well. We have definitely been seeing this for quite some time. I am of the mindset that this is the rate we will see.

Member: Trump signature on the $100 bill starting June 1 --- is this an indication we're ready to flip??

Member: I really pray we go before July 4th and really have a reason to celebrate.

Member:    Mark, I don't think FIAT will crash. it will transition to digital and tokenize. when we go to the redeeming bank, they will deposit our currency into a block chain wallet account. instantly liquid

MZ: Accurate….but, when they tokenize it though…it will be backed by an asset. That will be the difference.

Member: Militia man this morning said we are in one of the most important and exciting windows than we have ever seen.

Member: Frank says June 1st

Member: Franks never said a date so the fact that he did is exciting.

MZ: In Iraq:  “Nina;s Economic Specialist: In light of the current reality, Economic reforms have become a economic necessity. “  to me this means this crisis has forced them off of “stuck”. Off of this endless loop that has been taking forever. This conflict has forced Iraq to finish or accelerate a lot of the economic reforms.

MZ: I do believe this conflict….while its ugly and lives were lost….but, its forced us closer to the finish line.

Member: I feel like when Iran war is over…then we will go.

MZ: I feel the same ….as soon as Iran is over….I believe we go.

Member: Will we have immediate access to our funds?

MZ: I am told that if you exchange through the redemption center/redeeming banks you will get instant access. But, if you go to a regular bank…and they send your currency off …it will take a couple of days. A redemption center is the came as a redeeming bank with a branch or office that the staff has been trained to exchange foreign currency and detect counterfeit ect…….its a real bank that can process your currency right there . It will be a fairly simple process.

Member: I would never let my currency our of my sight …

Member: Thanks Mark and Mods….Everyone have a blessed day. Keep positive that this will be the week we have been waiting for.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

https://rumble.com/user/theoriginalmarkz

Kick:  https://kick.com/theoriginalmarkz

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 )https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

THANK YOU FOR JOINING.  HAVE A BLESSED DAY.  SEE YOU IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!   FOR UPDATES ON MARK’S PODCAST GO TO: https://t.me/+b3hYhYlhKM1hYzcx

Youtube:     https://www.youtube.com/watch?v=yMldeceXsD4

MilitaMan & CREW IRAQ DINAR UPDATE-Iraq's Reforms: Deep Integration Momentum-Digital World Considered

MilitaMan & CREW IRAQ DINAR UPDATE-Iraq's Reforms: Deep Integration Momentum-Digital World Considered

5-24-2026

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=b7q4SOauDZo

Iraq Economic News and Points To Ponder Monday Morning 5-25-26

Iraq And Saudi Arabia Strengthen Their Partnership In Combating Corruption And Recovering Stolen Funds.

Money and Business   Economy News – Baghdad    The Federal Integrity Commission and the Oversight and Anti-Corruption Authority in the Kingdom of Saudi Arabia discussed on Monday mechanisms to enhance cooperation in the field of asset recovery and corruption crimes.

A statement issued by the Commission and received by “Al-Eqtisad News” stated that “the Federal Integrity Commission held joint dialogues with the Oversight and Anti-Corruption Authority in the Kingdom of Saudi Arabia to discuss mechanisms for enhancing cooperation in the field of recovering funds obtained from corruption crimes, within the framework of the memorandum of understanding concluded between the two sides, which reflects the growing Iraqi-Saudi relations and the development of joint cooperation in combating corruption to confront this cross-border phenomenon.”

During the events, which were attended by a group of employees from the Authority and the Oversight and Anti-Corruption Authority in the Kingdom of Saudi Arabia, the Authority affirmed that “cooperation between Iraq and the Kingdom of Saudi Arabia is witnessing increasing development in the field of preventing and combating corruption, and exchanging technical and legal expertise.”

She called for "forming an effective international alliance to 'break the restrictions' and obstacles to recovering funds and wanted persons, by overcoming obstacles such as differences in legislation and legal systems, banking secrecy, dual nationality, and immigration and asylum problems."

For his part, the Director General of the Recovery Department, according to the statement, reviewed “the most prominent successful recovery operations achieved by Iraq,” indicating that “among them is the recovery of tens of millions of dollars from Switzerland belonging to funds seized before 2003 by an element of the former regime, after he exploited the Oil-for-Food Program and tried to disguise the sources of the funds and register them in his name.”

He explained that “investigations, inquiries, and coordination with several national and international bodies contributed to the recovery of those funds, while he revealed the existence of near-final understandings with one of the Arab countries to recover funds obtained from theft and embezzlement operations that were smuggled to two countries by one of the convicted women, belonging to one of the institutions of the Iraqi state.”

The statement added that "the participants in the dialogues, which took place via an electronic circuit, made interventions and discussions about the most prominent obstacles to recovery, and ways to benefit from international organizations specializing in providing support and assistance in this field, while emphasizing the importance of bilateral memoranda of understanding, especially with the States Parties to the UN and Arab Conventions against Corruption, and the need to expand openness and cooperation between sister countries to organize meetings and specialized events related to integrity, preventing and combating corruption." https://www.economy-news.net/content.php?id=69519

Iraq Has Been Off The List Of Gold Buyers Since The Beginning Of 2026

Money and Business   Economy News – Baghdad    Iraq did not record any new gold purchases during 2026, despite a number of central banks around the world continuing to increase their holdings of the precious metal.

Iraq holds a reserve of 174.6 tons of the precious metal, placing it 28th globally among the largest countries possessing gold reserves.

Poland topped the list of the world's largest gold buyers this year, adding more than 20 tons to its reserves by the end of February, as part of a long-term plan to raise its stock to 700 tons, driven by growing security concerns on NATO's eastern front.

According to data from the World Gold Council, which was reviewed by "Al-Eqtisad News", Uzbekistan came in second place with an addition of 16.48 tons, followed by Kazakhstan with 6.51 tons, while other countries recorded limited increases, including Malaysia, China and the Czech Republic.

In contrast, some countries resorted to selling part of their gold reserves, with Russia topping the list of sellers with a net decrease of 15.55 tons, followed by Turkey with a reduction of 8.08 tons, amid financial pressures and internal economic challenges.

Experts noted that the increasing global demand for gold reflects a growing trend to diversify reserves away from the US dollar, especially after the freezing of about $300 billion of Russian central bank assets in 2022, which prompted a number of emerging economies to strengthen gold as a reserve asset less vulnerable to geopolitical fluctuations and financial sanctions. 

https://www.economy-news.net/content.php?id=69518

Türkiye Announces Its Intention To Increase The Trade Volume With Iraq To $30 Billion Annually.

Money and Business   Economy News – Baghdad    The Turkish ambassador to Baghdad, Anil Bora Inan, confirmed his country’s desire to raise the volume of trade with Iraq to $30 billion annually.

According to the official newspaper, Inan said, "Turkey has a principled approach to its relations with Iraq, regardless of regional developments, especially with regard to trade and economic ties based on mutual interests.

With its strong private sector, investment potential, and advanced expertise in key industries such as defense, it is well-positioned to help Iraq expand its economic base, actively support the development corridor project, and strengthen Iraq's links to international transport networks. Turkey is already playing an important role in supporting the Iraqi economy."

The ambassador described Iraq as "one of the leading trading partners in the region, with Turkey's total exports to Iraq exceeding US$12.3 billion in 2025, and we aim to increase the volume of trade between the two countries to at least US$30 billion in the coming period," noting that "Iraq is Turkey's fifth largest export partner and the third largest market for our contracting sector."

He said: “Turkey continues to work with the Iraqis to develop and strengthen trade relations on a sustainable and institutional basis that we believe will provide a safety net against ups and downs,” noting that “the two countries have cooperated on the Development Road project, which is expected to contribute to regional and international supply chains, facilitate trade exchange and stimulate economic growth, as they have formed joint permanent committees in many economic fields.

Therefore, developing Turkey’s trade with Iraq, maximizing the volume of bilateral trade, and ensuring trade flow has always been, and will remain, among the primary objectives.” https://www.economy-news.net/content.php?id=69516

Kurdistan Finance Ministry Deposits 50 Billion Dinars In "Non-Oil Revenues" Into Baghdad's Account

Money and Business   Economy News – Baghdad   The Ministry of Finance and Economy of the Kurdistan Regional Government announced on Monday that it had deposited 50 billion dinars in "non-oil revenues" for the month of May into the account of the Federal Ministry of Finance.

The ministry stated in a statement received by “Economy News”, that “a decision was issued by the ministry to deposit an amount of (50,000,000,000) dinars as non-oil revenues for the region for the month of May, in cash into the bank account of the Ministry of Finance in the federal government at the Erbil branch of the Central Bank of Iraq.”

https://www.economy-news.net/content.php?id=69514

Bloomberg: UAE Ships Resort To "Dark Passage" Through The Strait Of Hormuz

Arabic and international   Economy News - Follow-up   Bloomberg noted that ADNOC's ships and tankers resorted to a "dark passage" through the Strait of Hormuz, bypassing the Iranian and American navies by ceasing to transmit their signals during the crossing.

Bloomberg reported that Abu Dhabi National Oil Company (ADNOC) is quietly transporting oil and gas shipments using its own fleet, bypassing both the Iranian navy and US warships.

The agency confirmed that ADNOC is quietly working to transport oil and gas shipments from the Gulf region to its energy-poor customers.

Based on practices that include "dark passage"—ships sailing through the Strait of Hormuz with their transponders switched off—ADNOC has proven to be one of the most successful producers in getting supplies out of the Middle East, according to tracking data, traders, and sources familiar with the matter, as reported by Bloomberg.

Satellite data shows that the company's LNG carriers stop at Das Island, the export facility located within the Gulf, where empty tankers head towards the eastern entrance of the strait near Fujairah anchorage and stop transmitting their signals before crossing the waterway to load their cargoes. https://www.economy-news.net/content.php?id=69521

Seeds of Wisdom RV and Economics Updates Monday Morning 5-25-26

Good Morning Dinar Recaps,

Global Reset Signals Intensify as Hormuz Deal Hopes Shake Oil, Currency, and Financial Markets

Growing optimism around a possible U.S.–Iran framework agreement is already reshaping oil prices, currency markets, and global financial expectations as investors brace for a major geopolitical and economic transition.

Overview

Markets around the world reacted sharply today as reports emerged that the United States and Iran are moving closer toward a broader framework agreement tied to reopening the Strait of Hormuz. The possibility of restored energy flows immediately pushed oil prices lower, weakened the U.S. dollar, and boosted global equities.

At the same time, analysts warn the negotiations represent far more than a temporary ceasefire discussion. The crisis has accelerated global debates over energy security, reserve currencies, trade corridors, sanctions power, and the future structure of international finance.

The Strait of Hormuz remains one of the world’s most important energy chokepoints, handling roughly one-fifth of global oil shipments. Any lasting agreement could dramatically alter inflation expectations, central bank policy, and geopolitical alignment across both Western and BRICS economies.

Key Developments

1. Oil Prices Fall as Markets Price in Hormuz Reopening

Brent crude fell sharply below $100 per barrel after optimism grew around a potential agreement to reopen the Strait of Hormuz. Investors interpreted the negotiations as a possible turning point for global energy stability after months of supply disruptions and shipping fears.

Lower oil prices immediately eased inflation concerns that had been pressuring central banks and bond markets worldwide. Analysts noted that a stable Hormuz corridor could help reduce energy-driven inflation shocks that have destabilized global economies throughout 2026.

2. U.S. Dollar Weakens While Global Risk Appetite Returns

Currency markets reacted quickly as traders reduced safe-haven dollar positions and moved back into equities and risk-sensitive assets. The euro, British pound, Australian dollar, and Asian markets all strengthened as fears of a prolonged Gulf energy crisis temporarily eased.

The move reflects how deeply geopolitical instability has become tied to global monetary conditions. Higher oil prices had strengthened expectations of prolonged high interest rates, but falling energy prices are now reviving speculation that central banks may regain flexibility later this year.

3. Financial Markets Shift Focus Toward Multipolar Energy Diplomacy

While no final deal has been officially signed, reports indicate both Washington and Tehran are discussing a framework tied to shipping access, ceasefire extensions, and future nuclear negotiations.

The negotiations increasingly involve regional powers including Pakistan, Qatar, and China, reflecting a broader shift away from unilateral Western crisis management toward a more multipolar diplomatic structure.

This trend is especially significant for the evolving global financial system because energy trade routes, sanctions enforcement, and currency settlement systems are becoming increasingly politicized and fragmented.

4. Rare Earth and Strategic Supply Chain Pressures Continue Rising

Alongside the Middle East negotiations, G7 economies continue accelerating efforts to reduce dependence on China for rare earth minerals and critical industrial supply chains.

Global leaders increasingly view energy security, mineral access, artificial intelligence infrastructure, and payment systems as interconnected pillars of economic power. This restructuring is contributing to the gradual emergence of competing financial and industrial blocs worldwide.

Why It Matters

The global financial system is entering a period where geopolitics increasingly drives monetary policy, trade flows, and capital allocation.

The Hormuz negotiations demonstrate how quickly military conflict can reshape inflation expectations, bond yields, currency values, and investor confidence across the world economy.

At the same time, the growing involvement of China, BRICS-aligned diplomacy, and alternative trade structures suggests the international system is steadily evolving away from a purely U.S.-centered financial order toward a more fragmented and multipolar framework.

Why It Matters to Foreign Currency Holders

Foreign currency holders are closely watching developments in energy markets, sanctions policy, and trade settlement systems because these factors increasingly influence currency stability and reserve asset confidence.

A reopening of Hormuz could temporarily stabilize inflation and ease market volatility, but the broader shift toward regional trade blocs, strategic resource competition, and alternative settlement mechanisms continues accelerating underneath the surface.

Many analysts believe these developments represent early structural changes that could reshape global reserve systems, cross-border payment networks, and commodity-backed trade arrangements over the coming decade.

Implications for the Global Reset

• Pillar 1: Energy Corridors Are Becoming Financial Weapons

The Strait of Hormuz crisis demonstrated how control over shipping lanes can directly affect inflation, currencies, sovereign debt markets, and central bank policy.

• Pillar 2: Multipolar Financial Structures Continue Expanding

China, BRICS nations, Gulf states, and regional intermediaries are playing larger roles in diplomacy, trade settlement, and economic coordination, signaling a continued shift away from singular Western financial dominance.

• Pillar 3: Markets Are Increasingly Driven by Geopolitical Risk

Investors are now reacting to diplomacy, sanctions, shipping routes, and military positioning as much as traditional economic indicators, reflecting a deeper structural transformation in the global financial landscape.

This is not just geopolitics — it is the restructuring of the global financial order happening in real time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — “Dollar drifts lower as oil falls on Hormuz deal optimism”

• The Washington Post — “U.S. and Iran work toward deal to extend ceasefire and reopen Strait of Hormuz”

~~~~~~~~~~

🌱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 Sunday Evening 5-24-26

The Dinar Is Under Test During Crises... Will The Central Bank Succeed In Protecting The Market From Economic Storms?

Baghdad Today – Baghdad   Economic and financial affairs expert Nasser Al-Tamimi confirmed on Sunday (May 24, 2026) that the ability of the Central Bank of Iraq to stabilize the exchange rate of the dinar is directly linked to the size of foreign reserves and the efficiency of monetary policy management.

Al-Tamimi told Baghdad Today that the Central Bank currently has effective tools to contain pressures on the market, most notably managing the currency sale window, regulating foreign transfers, and direct intervention through cash reserves.

Countering market pressures with monetary tools

He explained that “the stability of the exchange rate does not depend solely on financial abundance, but also on the ability of the central bank to achieve a balance between the local demand for the dollar and the size of its supply, in addition to strengthening confidence in the banking sector and regulatory procedures.”

He noted that “the current foreign reserves give the central bank a good margin for maneuver in the face of any future pressures,” but stressed at the same time that the continuation of this stability remains linked to the state’s ability to control public spending and diversify sources of revenue away from near-total dependence on oil.

Why is the government insisting on not devaluing the dinar?

Al-Tamimi added that “the government’s and monetary insistence on not reducing the value of the dinar has important economic and social dimensions, as it contributes to reducing inflation waves and preserves the purchasing power of citizens, especially with the Iraqi market’s extensive reliance on imported goods.”

He noted that this approach “may help to calm public fears in the short term, but it may open the door to speculation if it is not accompanied by clear economic messages and financial reforms that enhance market confidence.”

A message of reassurance to investors and markets

He stressed that “the decision to fix the exchange rate sends reassuring messages to investors and foreign companies that Iraq is striving to maintain a stable and predictable monetary environment,” noting that “the international community usually views currency stability as an indicator of a country’s ability to manage financial and monetary balances, which is reflected positively in its credit rating and the confidence of international institutions.”

Ongoing threats to the Iraqi economy

Regarding external factors, Al-Tamimi explained that “the Iraqi economy remains highly sensitive to fluctuations in oil prices, as it is the main source of public revenues,” warning that “any sharp and continuous decline in global oil prices could put pressure on both public finances and the exchange rate.”

He also noted that “regional tensions and turmoil in global markets could affect dollar flows and trade,” stressing the need for monetary and financial authorities to maintain comfortable levels of foreign reserves, while adopting proactive policies to avoid any future pressures that might lead to a devaluation of the dinar.

The Iraqi economy relies mainly on oil revenues, which constitute the largest share of the general budget, making the stability of the exchange rate closely linked to global oil prices and the level of foreign reserves at the central bank.

Observers believe that any regional disturbances or a decrease in oil revenues directly affect local markets, given Iraq’s heavy reliance on imports to secure food, goods, and basic commodities, which makes the stability of the dinar a sensitive economic and social issue that directly affects the lives of citizens. https://baghdadtoday.news/299898-.html

Iraq Enters 16th Month Without Budget As 4,500 Projects Stall

2026-05-24 / Shafaq News    Iraq entered its 16th consecutive month without approving a federal budget while more than 4,500 projects remain suspended across the country, exposing widening strains on public finances, investment planning, and essential services. 

The stalled projects include hospitals, schools, bridges, tunnels, water networks, and sewage infrastructure, some frozen since 2014, according to parliamentary Services Committee member Safaa al-Jabri, who warned that delays are increasingly affecting critical sectors such as healthcare and education.

“The current situation requires urgent intervention,” al-Jabri told Shafaq News, calling for a “realistic” 2027 budget focused primarily on unfinished and service-related projects rather than “traditional expenditure-based budgeting.” 

The prolonged delay has left Iraq operating without a formally approved federal budget since the expiration of the country’s three-year budget cycle for 2023–2025, pushing state institutions deeper into temporary financing mechanisms and limiting the government’s ability to launch new investments. 

Under Iraqi law, the government was required to submit the 2025 budget schedules to parliament before the end of 2024. Yet from January 2025 through May 2026, lawmakers neither voted on nor formally ratified the budget tables, leaving ministries and provinces dependent on restricted spending allocations carried over from previous fiscal periods.

Read more: Iraq’s budget: political fiscal gaps threaten national stability in 2025

 Prime Minister’s economic adviser Mudhir Mohammed Saleh said Iraq had effectively exited the three-year budget cycle at the end of December 2025 and was now operating under the Financial Management Law No. 6 of 2019. That mechanism allows spending based on the “1/12 rule,” enabling the government to finance salaries and operational expenses through monthly allocations equivalent to one-twelfth of previous annual expenditures. 

Saleh told Shafaq News that the arrangement has so far prevented a complete financial breakdown by allowing the continuation of salaries, basic operational spending, and funding for projects already close to completion.

However, he stressed that the system blocks the launch of new strategic or investment projects without parliamentary approval of a new federal budget.

 “The budget is no longer just a technical financial instrument; it has become a tool for economic stability and absorbing external shocks.” He linked the growing fiscal pressure to escalating geopolitical risks in the Gulf, particularly fears surrounding maritime trade disruptions and what he described as the “Hormuz shock,” referring to threats facing oil exports through the Strait of Hormuz. 

The political deadlock surrounding the budget also remains unresolved. Finance Committee member Rebar Karim told Shafaq News that passing the 2026 federal budget depends on the formation of the next government and the submission of its program to parliament.

Karim said the committee was prepared to review and approve the budget “within a short timeframe” once the government submits the draft law, adding that parliament had received assurances there was currently no liquidity crisis and that public-sector salaries remained secured for the coming months. 

Economic and financial expert Safwan Qusay argued that the crisis extends beyond procedural delays in passing a budget and instead reflects broader vulnerabilities in Iraq’s economic model. “The real challenge is declining oil revenues and the state’s diminishing ability to finance operational spending,” Qusay told Shafaq News. 

He called for expanding partnerships with the private sector to reduce pressure on the public payroll system, proposing that some government-run sectors shift toward private operation models while maintaining state ownership. Qusay also urged Iraq to diversify its export routes away from excessive reliance on Gulf shipping corridors, pointing to alternative outlets through Aqaba, Baniyas, and Ceyhan, alongside expanded land transport options. 

Read more: What does Iraq's new government promise? A guide to Ali Al-Zaidi's ministerial program

The warnings come amid escalating Gulf tensions and growing fears over disruptions to oil flows through the Strait of Hormuz, which carries around 20% of global oil supplies. 

Qusay also warned that weak non-oil exports and heavy import dependence continue to pressure Iraq’s foreign currency reserves and exchange-rate stability, calling for closer coordination between fiscal and monetary policy. 

The absence of a budget has also intensified concerns over employment and recruitment, with ministries unable to move forward on large-scale hiring or development plans under temporary spending rules. 

The debate comes as Prime Minister Ali al-Zaidi’s government attempts to frame its upcoming fiscal agenda around economic reform, diversification of state revenues, and reduced dependence on oil income. Al-Zaidi has recently pledged that the next budget will prioritize productive and service-oriented projects while tightening spending controls, combating corruption, and expanding job opportunities. 

Read more: Liquidity shortage delays Iraqi salaries: Experts warn of prolonged financial strain

https://shafaq.com/en/Report/Iraq-enters-16th-month-without-budget-as-4-500-projects-stall

Central Bank Governor: Banking Reform Is Receiving Direct Attention From The Prime Minister

Baghdad – WAA    The Governor of the Central Bank of Iraq, Ali Al-Alaq, confirmed on Tuesday that there is no intention to reduce the exchange rate of the dinar against the dollar. While denying the existence of any American embargo on Iraqi funds, he indicated that the banking reform file is receiving direct attention from Prime Minister Ali Al-Zubaidi.

Al-Alaq told a number of journalists, as reported by the Iraqi News Agency (INA), that “there is no intention to reduce the exchange rate of the dinar against the dollar, and we will help the government overcome the repercussions of any potential closure of the Strait of Hormuz by discounting treasury bonds and securing salaries,” noting that “the cash reserves are currently being invested in several countries, and there is no American embargo on Iraqi funds.”

He added that "the US Treasury and the Federal Reserve praise the role of the central bank," noting that "the central bank provides dollars to travelers and traders at the official rate."

He explained that "most banks have reached the stage of merger or liquidation, and only one or two banks remain that are unable to continue," stressing that "the banking reform file is receiving direct attention from the Prime Minister, and there is an expected meeting in the coming days with the Federal Reserve and the US Treasury Department."

He confirmed that he "directly oversees the banking reforms file, and the banks concerned and the consulting firm have made significant progress in implementing the reform requirements," noting that "a meeting is expected in the coming days that will bring together Oliver Wyman and the Central Bank of Iraq with the US Federal Reserve and the US Treasury Department."

He added: “The meeting will pave the way for the transition to dealing in other foreign currencies for banks that have completed all the required requirements and procedures,” noting that “there is no truth to what is being said about the Central Bank obstructing banking reforms, and our interest lies in the return of the deprived banks to activity as quickly as possible.”

He concluded by saying: "The media has a major role, and the international community is watching with interest what is being said by parliamentarians, analysts, and local media."      https://ina.iq/ar/economie/263703-.html

Iraq's PM Commits To Equal Salary Funding And Oil Guarantees For Kurdistan Region

2026-05-24   Shafaq News- Baghdad/ Erbil   The Iraqi government has issued direct instructions to the Finance Ministry to fund Kurdistan Region civil servant salaries on equal terms with the rest of Iraq, the head of the Diwan of the Kurdistan Region Council of Ministers confirmed Sunday, disclosing the substance of talks between KRG Prime Minister Masrour Barzani and federal Prime Minister Ali al-Zaidi in Baghdad. 

Omed Sabah, who accompanied Barzani's delegation, told reporters the meetings addressed six priority files: employee salaries, non-oil internal revenues, oil export mechanisms, the return of foreign oil companies, dam projects, and the rollout of the ASYCUDA automated customs system at border crossings. 

On salaries, Sabah said al-Zaidi personally informed Barzani that he had issued instructions to the federal Finance Ministry to release Kurdistan Region payroll funding regularly and without discrimination —a long-contested point between Baghdad and Erbil that has repeatedly disrupted public sector payments in the region. 

On the oil file, foreign companies operating in Kurdistan had demanded formal security guarantees from Baghdad following recent attacks targeting oilfields in the region. Al-Zaidi, according to Sabah, gave those guarantees personally. 

A high-level delegation from the KRG Ministry of Natural Resources, accompanied by representatives of the foreign oil companies, is also scheduled to travel to Baghdad after the Eid al-Adha holiday to negotiate the terms of resuming exports and reach a final agreement, Sabah said. 

Shiite Coordination Framework lawmaker Mukhtar al-Moussawi, speaking from the federal side, described the talks as achieving "notable progress" and reflecting "a shared political will" to stabilize ties and support al-Zaidi's government. He did not rule out a "new phase" of cooperation with Erbil if the current momentum holds. 

The Baghdad talks also brought Barzani before Parliament Speaker Haibet al-Halbousi, Supreme Judicial Council President Faiq Zaidan, and State of Law coalition head Nouri al-Maliki. 

The KDP, the dominant party in the Kurdistan Region, backed al-Zaidi's nomination as prime minister earlier this year and secured commitments from him to resolve outstanding Baghdad-Erbil disputes, guarantee the region's constitutional budget share, and implement Article 140 (HCL) of the Iraqi constitution, the long-stalled provision governing the status of disputed territories, including the oil-rich province of Kirkuk.

Read more: Into2026, Baghdad and Erbil face the same disputes—with higher stakes

https://shafaq.com/en/Kurdistan/Iraq-s-PM-commits-to-equal-salary-funding-and-oil-guarantees-for-Kurdistan-Region

FRANK26….5-24-26…..A CHANGE OF ATTITUDE

KTFA

Sunday Night Video

FRANK26….5-24-26…..A CHANGE OF ATTITUDE

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#

https://www.youtube.com/watch?v=_u-XdadSbXI

Oil Markets SNAP This Week If War Continues | Rick Rule

Oil Markets SNAP This Week If War Continues | Rick Rule

Liberty and Finance:  5-24-2026

Legendary investor Rick Rule warns that the oil market may be at a critical turning point, saying that if the conflict driving supply fears is resolved within the next week, crude prices could crash from panic highs back toward $65 to $70.

 He explains why today’s elevated oil prices are being driven by anticipated scarcity and why a sudden peace deal could trigger a violent selloff across the entire energy sector.

Rule also lays out his long term bullish case for gold, arguing that exploding sovereign debt, persistent currency debasement, and central bank buying continue to support a major secular bull market in precious metals.

In this wide ranging interview with Dunagun Kaiser, he discusses inflation, the deterioration of the U.S. dollar, undervalued natural resource assets, and why investors may have a very limited window left to position themselves before the next major market repricing.

 Plus, Rule shares rapid fire answers on oil stocks, commodities, currencies, gold miners, and what he believes could define the next decade for investors.

INTERVIEW TIMELINE:

0:00 Intro

2:00 Gold update

18:42 Coal

19:08 Oil

21:30 Peace or war

27:00 Currencies

35:00 Rule Symposium

44:30 Battle Bank

https://www.youtube.com/watch?v=JT0f_x0260U

Jon Dowling: Latest Wealth Transfer News from Insider Banker Mr. B, May 2026

Jon Dowling: Latest Wealth Transfer News from Insider Banker Mr. B, May 2026

5-23-2026

In a recent and highly detailed podcast episode hosted by Jon Dowling, viewers were treated to a comprehensive economic analysis featuring Mr. B, a seasoned financial professional with nearly three decades of experience at Charles Schwab.

In what was framed as a milestone final appearance, Mr. B shared a deep dive into the current state of the global markets, focusing specifically on the primary role he believes silver will play in the coming years.

His analysis suggests that silver is currently an undervalued asset, supported by over 30 distinct factors that range from its essential industrial applications to its historical status as a store of value.

One of the most compelling segments of the discussion centered on the supply-and-demand mechanics currently driving the silver market. Mr. B highlighted that silver is becoming increasingly scarce due to ongoing mining deficits and rising industrial demand, particularly within emerging technologies and the global transition toward green energy.

This scarcity is being further amplified by geopolitical shifts, specifically the silver policies in China and the massive consumption rates seen in India. Furthermore, the discussion touched upon the growing interest from institutional investors, such as pension funds and central banks, which adds a new layer of demand that could potentially influence long-term price stability and market dynamics.

Beyond precious metals, the conversation provided a rigorous outlook on the broader stock and housing markets. Mr. B presented a timeline for what he describes as a market “meltup,” where indices like the S&P 500, the Dow Jones, the NASDAQ, and the Russell could reach record highs before facing a significant correction.

 According to his projections, this cycle of expansion and subsequent adjustment may occur within a relatively short window of the next few months. He also noted that the housing market is already showing signs of a correction, fueled by larger economic pressures such as debt bubbles and the ongoing effects of inflation.

The episode also explored the legislative and structural changes that could redefine the financial system.

A significant portion of the dialogue was dedicated to the “Clarity Act” and its potential to allow retirement accounts to hold a more diverse range of assets, including precious metals and digital assets.

Mr. B connected these regulatory shifts to a broader global economic trend: a potential move away from traditional fiat systems toward a monetary standard backed by physical assets like gold and silver.

This transition is seen as a response to currency debasement and a desire for more transparent financial frameworks.

Concluding on a note of calculated preparedness, the discussion emphasized the importance of personal financial awareness and the strategic acquisition of physical assets. Mr. B’s final insights serve as a call for investors to look beyond short-term market fluctuations and consider the long-term structural changes occurring in the global economy.

 For those looking to understand the intersection of industrial demand, geopolitical policy, and market cycles, this episode offers a wealth of professional perspectives on how to navigate an era of significant financial transition.

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

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 5-24-26

Good Afternoon Dinar Recaps,

China Expands Influence Through Iran Peace Push and Multipolar Strategy

Beijing uses Pakistan mediation, energy diplomacy, and BRICS expansion to position itself as a central power in the emerging global order.

Overview

China is playing an increasingly influential role in efforts to reduce tensions between the United States and Iran, largely through coordination with Pakistan and broader diplomatic initiatives aimed at stabilizing the Middle East. Beijing’s strategy extends beyond regional peace efforts and reflects a larger push toward a multipolar global system designed to reduce dependence on Western-led financial and political structures.

The growing involvement of China in Gulf diplomacy highlights how global power dynamics are shifting. As Washington struggles to manage simultaneous geopolitical crises, Beijing is leveraging economic influence, energy dependence, and strategic partnerships to strengthen its role as a long-term counterweight to U.S. dominance.

Key Developments

1. China and Pakistan Coordinate Diplomatic Mediation

China is actively supporting Pakistan’s mediation efforts between Washington and Tehran, helping facilitate negotiations focused on ending military escalation and securing maritime trade routes.

The proposed Five-Point Peace Initiative reportedly includes:

• An immediate ceasefire

• Restoration of shipping security in the Strait of Hormuz

• Direct U.S.-Iran negotiations

• Protection of global energy flows

• Long-term regional stabilization mechanisms

Pakistan continues acting as the primary intermediary while China provides economic and diplomatic leverage behind the scenes.

2. Strait of Hormuz Stability Becomes Central Priority

As the world’s largest oil importer, China has a direct economic interest in preventing disruptions in the Strait of Hormuz. Roughly one-fifth of global oil and LNG shipments traditionally move through the waterway.

Beijing’s diplomacy is heavily focused on preventing escalation that could destabilize energy markets, increase inflation, and damage major Belt and Road Initiative trade corridors.

3. China Uses Economic Influence Over Iran

China’s long-term energy partnerships with Iran — including major oil purchases and a 25-year cooperation agreement — give Beijing significant influence over Tehran’s strategic calculations.

Reports suggest China is encouraging Iran to show flexibility on nuclear negotiations in exchange for broader security guarantees and economic stability.

4. Multipolar Financial System Gains Momentum

The broader strategic objective behind China’s diplomacy appears tied to building a multipolar international system less dependent on the U.S. dollar and Western-controlled institutions.

China continues strengthening:

• BRICS economic integration

• Alternative payment systems

• Global South alliances

• Non-Western trade frameworks

• Parallel financial and infrastructure networks

Iran’s BRICS membership further strengthens Beijing’s efforts to reshape global economic governance.

Why It Matters

China’s growing role in Middle East diplomacy reflects a major geopolitical transition. Beijing is no longer acting solely as an economic power but increasingly positioning itself as a global diplomatic and strategic actor capable of influencing conflict resolution and energy security.

The situation also highlights how economic power, trade infrastructure, and financial influence are becoming as important as military strength in determining global leadership.

Why It Matters to Foreign Currency Holders

For global financial reset observers and currency holders, China’s actions reinforce several accelerating trends:

• Reduced dependence on dollar-based systems

• Expansion of BRICS financial coordination

• Growth of alternative trade settlement mechanisms

• Increasing geopolitical influence of the Global South

• Rising fragmentation of the global economic order

The long-term implications could reshape international trade, reserve currency structures, and global energy settlement systems over the next decade.

Implications for the Global Reset

• Pillar 1: Multipolar Diplomacy Replaces Western Dominance

China’s coordination with Pakistan demonstrates how non-Western powers are increasingly shaping global crisis management independently of traditional U.S.-led frameworks.

• Pillar 2: Energy Security Drives Geopolitical Realignment

Control over shipping lanes and energy stability is becoming central to the future balance of economic power. Nations capable of stabilizing strategic trade corridors may gain increasing influence over global financial systems.

• Pillar 3: BRICS Expansion Continues Accelerating

China’s diplomacy aligns closely with broader BRICS efforts to develop alternative trade, payment, and financial structures designed to reduce vulnerability to Western sanctions and monetary pressure.

This is no longer simply a regional negotiation — it is part of a broader global transition toward a more fragmented, multipolar financial and geopolitical system.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — “Why China Matters in Trump’s Iran and Pakistan Negotiations”

• Reuters — “China and Pakistan expand diplomatic coordination amid Iran negotiations”

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Sunday Afternoon 5-24-26

Iraq Is Part Of A $700 Million International Cable Project Linking The Gulf To Europe.

Money and Business   Economy News – Baghdad   A report issued by S&P Global Market Intelligence revealed that Iraq will be part of the international cable project "WorldLink", which aims to create a new digital corridor linking the Gulf region to Europe via Iraqi territory, as part of a global expansion wave in submarine cable and data transmission projects.

The report stated that the project, costing approximately $700 million, is privately funded and involves an Emirati-Iraqi consortium comprising Tech 964 Holding, DIL Technology, and Breeze Investments. The cable is planned to originate in Abu Dhabi, extend through Iraq to Turkey, and include branches connecting Qatar, Bahrain, Saudi Arabia, and Kuwait.

He added that the project was designed to be neutral for telecommunications companies and targets international telecommunications companies and AI-based applications, as well as providing an alternative route to the traditional congested corridors, thus reducing the risk of disruptions and enhancing the flexibility of data traffic between Asia and Europe.

According to the report, the cable's design capacity will be around 900 terabytes per second, with a target of reducing response time to less than 100 milliseconds, which supports cloud computing services, data centers, and advanced digital applications.

He noted that the project's implementation period is up to five years, expecting that the cable's passage through Iraq will contribute to strengthening its position as a regional hub for data transmission and attracting new investments in the digital infrastructure and communications sector.

The report noted that the Worldlink project is part of a global trend to diversify international cable routes and reduce reliance on traditionalbottlenecks, while geopolitical developments in the region, including tensions related to the Strait of Hormuz, may affect the project's timeline. https://www.economy-news.net/content.php?id=69427

The Retirement Authority Announces The Completion Of Procedures To Raise Retirees' Salaries For The Month Of June.

Money and Business   Economy News – Baghdad   The General Retirement Authority announced today, Sunday, the completion of procedures to raise retirees' salaries.

The Deputy Head of the Authority, Hossam Abdul Sattar, stated in a statement to the official agency that "the General Retirement Authority completed today the procedures for raising the salaries of retirees for the month of June in coordination with the Ministry of Finance, Accounting Department, and submitted them to the banks, to complete the disbursement procedures."

Abdul Sattar called on "retirees who receive text messages to check the payment outlets to receive their retirement salaries gradually." https://www.economy-news.net/content.php?id=69482

Years Later, Babylon Lays The Foundation Stone For The "Nationality" Bridge In The Center Of Hilla.

Money and Business    Economy News – Baghdad    The local government in Babylon announced on Sunday the laying of the foundation stone for the “Nationality” bridge project in the center of Hilla, while confirming that the project will represent an important step to address traffic congestion within the city center.

Babil Governor Ali Turki said, "Today, the province is laying the foundation stone for a new landmark in Babil, after many years in which the city lacked similar projects, even though Hilla practically relies on only one internal bridge."

He added that “the Nationality Bridge is one of the important projects to alleviate traffic congestion, as it will contribute to reducing the pressure on the Bab Al-Awal area, in addition to being a tourist landmark due to its location on the Hilla Corniche, as well as linking the two sides of the city, the right and left sides of Hilla, which provides a direct service to citizens and facilitates movement within the city center.”

For his part, the Director of Roads and Bridges in Babylon, Engineer Hussein Sreisah, said, “The project is one of the projects that the people of Hilla have been waiting for for years, because the city relies mainly on the Bab Al-Hussein Bridge, which experiences frequent traffic jams.”

He explained that “the bridge will connect the Al-Jazair neighborhood to the Hilla Corniche, and will be integrated with 100th Street and 60th Street near the amusement park, within the road network that the governorate is working to develop,” indicating that “the road will have four lanes with integrated service facilities, and it is expected to contribute to reducing traffic congestion in Bab Al-Hussein by more than 70 percent.”

He indicated that "the actual commencement of the project will be immediately after the Eid holiday, with work to complete it before the contractual period."

For his part, the head of the Babil Provincial Council, Asaad Al-Muslawi, said that “laying the foundation stone for this project represents an important start to addressing the traffic crisis within the city center of Hilla.”

He added that "there is a proposal to change the name of the project to (Martyrs' Bridge) in honor of the sacrifices of the sons of the province," stressing that "the bridge will have a major role in facilitating movement between areas of the city, and reducing traffic congestion, especially for those coming from the direction of Baghdad or from the rest of the provinces."

Al-Muslawi added that "the local government is proceeding with the implementation of a package of service projects after the Eid holiday, including opening and developing streets 60, 80 and 100, with the aim of improving traffic flow and relieving pressure on the city center of Hilla, which will positively affect the daily lives of citizens."

https://www.economy-news.net/content.php?id=69469

With $95.7 Billion, Five Technology Companies Account For Nearly Half Of South Korea's Exports.

Money and Business     Economy News - Follow-up   The top five South Korean companies, including Samsung Electronics and SK Hynix, accounted for about 44% of South Korea’s total exports in the first quarter, amid rising global demand for memory chips amid the artificial intelligence boom.

According to data released Sunday by the Ministry of Data and Statistics, the top 5 companies' exports amounted to $95.7 billion, or 43.5% of the country's total exports of $219.9 billion, during the period from January to March.

The share of the top 5 companies jumped by 14.8 percentage points compared to 28.7% in the same period of 2025, reflecting South Korea's increasing reliance on major technology companies for exports, according to Yonhap News Agency.

Iran's economy and war: A memorandum proposes ending the war on Iran and lifting sanctions on its oil.

The data showed that the top 5 companies saw their exports increase by $50 billion year-on-year in the first quarter, representing 82.8% of the country's total export growth during that period.

Experts said South Korea's recent export gains were driven by an artificial intelligence boom, not an overall recovery in the global economy, noting that the inequality could deepen further in the future.

Kim Kwang-seok, head of the economic research department at the Korea Institute of Economics and Industry, said, "The global economy is only thriving within the value chain of the artificial intelligence industry."

He added: "While major Korean companies seek to seize opportunities within the AI ​​value chain, companies operating in traditional industries face challenges." https://www.economy-news.net/content.php?id=69468

US Officials: Iran Has Agreed In Principle To 95% Of The Agreement.

Arabic and international   Fox News reported Sunday evening that Iran had "agreed in principle" to the framework agreement, but that the agreement would not be signed today or tomorrow, according to what it quoted from American officials.

Officials stated that "Tehran has agreed in principle to the framework, and we have completed 95% of it and are negotiating the wording," noting that "Washington will not sign an agreement today or tomorrow with Iran, and that President Donald Trump is inclined to give them several days to complete it."

Earlier this evening, Trump said that "if he makes a deal with Iran, it will be a good and sound deal," arguing that "the deal made by former President Barack Obama gave Tehran huge sums of cash and a clear and open path to a nuclear weapon."

Trump added, via the Truth Social platform, that "the potential agreement with Iran is completely different from Obama's agreement, but no one has seen it or knows what it is... because it is still being negotiated."

The US president urged people not to listen to what he called "losers who criticize the agreement but know nothing about

https://www.economy-news.net/content.php?id=69507

Iraq News Posted by Tishwash at TNT 5-24-2026

TNT:

Tishwash:  Al-Fayez: There is complete agreement to finalize Al-Zidi's cabinet after Eid in an emergency session.

The head of the parliamentary Design Alliance bloc and leader of the coordination framework, Amer Al-Fayez, revealed a complete agreement to finalize the appointment of the Ministers of Defense, Interior and the rest of the ministries that are run by acting ministers after the Eid al-Adha holiday.

Al-Fayez told Al-Furat News Agency: “There is a complete agreement to name the ministers after Eid; however, the House of Representatives will enter its legislative holiday after Eid, which necessitates holding an emergency session with a full quorum to name the ministers.”

He added, "If the session does not convene due to most MPs traveling or performing the Hajj pilgrimage, this matter will be resolved after the end of the legislative recess."

Al-Fayez added that "the management of the two ministries by an acting minister does not affect their essential work, as they are managed by the Prime Minister himself, with the support of advanced staff capable of managing the files until the ministers are officially appointed."  link

Tishwash:  Oil: Talks with foreign companies are ongoing to resume work in the fields.

 The Ministry of Oil announced on Saturday that discussions are ongoing with foreign companies to resume operations in oil fields, confirming that oil exports via the Turkish port of Ceyhan are imminent.

Ministry spokesman Sahib Bazoun stated, according to the official news agency, that "Prime Minister Ali al-Zaidi is very interested in generating revenue for the Iraqi state, and Oil Minister Basim Mohammed Khudair has established operational mechanisms and future projects for the ministry, most importantly the project to maximize revenue through oil exports by activating export terminals and reaching agreements with the parties involved in disputes over Iraqi oil exports."

He noted that "most of the foreign companies operating under the licensing rounds have withdrawn, and some fields have ceased operations, but the oil sector has maintained its oil reserves and fields, and we have no significant problems with the fields or exports." He explained that "discussions are underway with the foreign companies operating to resume work."

He affirmed that "oil exports via the Turkish port of Ceyhan will begin in the coming days, and the ministry is prepared for export operations."Prime Minister Ali Falih al-Zaidi visited the Ministry of Oil last Wednesday and chaired a meeting with senior ministry officials.

According to a statement from the Prime Minister's Media Office, the Prime Minister listened to a briefing presented by the Minister of Oil on the progress of the ministry's projects, particularly those related to addressing the crisis caused by the closure of the Strait of Hormuz and the resulting halt in oil exports . The briefing also reviewed ongoing associated gas projects and the main challenges hindering their implementation.

The meeting addressed the issue of oil exports and finding diverse export outlets, the mechanism for implementing Cabinet decisions in this regard, and the Ministry of Foreign Affairs' procedures for following up on agreements concluded with several neighboring countries for overland oil exports.

Earlier, Oil Minister Basim Mohammed Khudair affirmed that the ministry's priorities for the coming period include increasing production capacity, resolving the issue of flared gas, and developing the oil sector's infrastructure. He noted that the current circumstances are difficult due to the war in the region and the resulting closure of the southern export route, indicating that Iraq exported only 10 million barrels through the Strait of Hormuz last April because of the war.  link

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

Tishwash: Why did the central bank governor fail to reassure the markets? Temporary painkillers for a weary body.

The Governor of the Central Bank of Iraq is once again offering a “dose of anesthesia” in an attempt to calm the panicked markets, but it has come across as fragile, ineffective, and lacking any real economic diagnosis of the suffocating crisis.

Markets are not run by intentions and catchy words, and here is a breakdown of these statements that hide real disasters:

 The game of reserves and salaries... (secured) but for how long?

The reserves are in danger: To say that the dollar reserves are “secured” is a smokescreen. The problem is not the current figure, but the alarming rate at which they are being depleted, and the fragile state’s ability to replenish them in light of fluctuating oil prices and the frenzied domestic demand for hard currency.

Salaries: A Sustainability Crisis, Not a Cash Crisis: The phrase “salaries are guaranteed” is a short-term anesthetic. Guaranteed for a month? For six months? In a country entirely dependent on oil, borrowing, and bank liquidity, the problem isn't immediate payment, but the complete absence of any financial sustainability for the future.

  Changing the exchange rate... doesn't happen by intentions!

The governor's denial of any intention to change the exchange rate is economically meaningless. Markets are unforgiving, and the exchange rate is not determined by government promises, but rather by the pressure of the budget deficit, declining oil revenues, and the rampant black market. Denial does not address the root causes; it merely postpones the inevitable explosion.

 A stab in the back of monetary independence!

The governor's talk of involving the central bank in budget preparation is a major blunder. Transforming the central bank into a "partner" in budget drafting simply means destroying its monetary independence and turning it into a mere financial tool and ATM in the hands of the executive branch—a precedent the governor should never have proposed.

 Dollar smuggling: A protocol denial and an incomplete admission

Escaping reality: Describing talk of dollar smuggling as “inaccurate” is a gross understatement. Even if traditional smuggling were to cease, the leakage of dollars through inflated import invoices, front companies, and fictitious demand continues unabated. Markets need rigorous oversight mechanisms, not mere platitudes.

A structural deficit, not just a number: Acknowledging the fiscal deficit is a good but incomplete step. The deficit is not merely a number in a budget; it is the product of a failed rentier model: inflated operating spending, a paralyzed private sector, and a suicidal reliance on oil without any structural reform.

Summary:

The central bank governor's statements might succeed in calming the markets for a few hours in the media, but they are economically unsound. They focus on false reassurance instead of transparency, and deny risks instead of addressing them with real measures.

In short: Economic rules don't favor anyone, and hiding the symptoms won't cure the disease. link

Tishwash:   Government advisor: The Prime Minister has outlined a firm vision for building the future of public finances.

The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed on Saturday that Prime Minister Ali Falih al-Zaidi has drawn up a firm vision for building the future of public finances. While he pointed out that the features of the Iraq Vision Plan aim to raise non-oil revenues to 45% of the budget, he noted at the same time that the lesson learned from the Strait of Hormuz shock imposes the adoption of economic diversification as a basic condition.

Saleh told the Iraqi News Agency (INA): "Prime Minister Ali al-Zubaidi outlined a firm vision for building the future of public finance in Iraq during the historic meeting with the Iraqi financial authority, held on May 23, 2026, based on a fundamental principle: announcing an alternative path for public finance and Iraqi fiscal policy."

He added that “diversifying public revenues and breaking dependence on a single resource, namely crude oil, and ending our country’s economy’s connection to the geopolitical risks of the energy market, is an approach that should be abandoned once and for all,” explaining that “the profound lesson learned from the Strait of Hormuz shock brings us back to the necessity of redrawing the maps of the future, by adopting economic diversification as a necessary condition that precedes financial diversification as a condition of sufficiency.”

He pointed out that “redesigning Iraq’s vision for the period 2020–2025 should be based on the principle of economic diversification, based on a genuine partnership between the state and the productive private sector, and launching a suitable climate for the activities of a productive social market economy,” explaining that “the features of the plan should indicate in its objectives raising the contribution of non-oil revenues to the general budget from its current levels, which are less than 10% due to weak economic diversification, to about 45% as an initial indicative stage.”

He added that "achieving this percentage in diversifying budget resources requires a fundamental shift in the philosophy of public finance, from merely distributing resources to operating and producing them, through establishing a strong link with the market economy based on institutions, efficiency and production."

He concluded by saying: “The future Iraq will be efficient in diversifying budget resources and efficient in diversifying sources of GDP, in line with the national strategy for developing market forces and the private sector.”

Prime Minister Ali Faleh al-Zaidi visited the Ministry of Finance on Saturday and directed that a comprehensive vision be developed.

The Prime Minister's Media Office stated in a statement received by the Iraqi News Agency (INA) that "Prime Minister Ali Faleh Al-Zaidi visited the Ministry of Finance as part of his follow-up on the work of ministries and their executive, service and economic programs," noting that "Al-Zaidi chaired a meeting of the ministry's senior staff and listened to reports concerning the ministry's work in all its departments, where he stressed that Iraq is going through a sensitive financial and economic situation imposed by regional and international developments and their repercussions on the global economy."

Al-Zaydi explained, according to the statement, that “these changes have affected Iraq’s export capacity and oil revenues,” clarifying that “90% of the budget depends on oil revenues, and work must be done to expand the non-oil economy, adopt alternatives that support diversification, and it is necessary to be frank with citizens about the financial challenges, without exaggeration or embellishment.”

The Prime Minister said: “We want the Ministry of Finance to draw up the financial policy for Iraq, and we are preparing the Iraq 2035 plan. The Ministry must have a clear vision, and the budget must be a roadmap for the future.” He explained that “the budget must maximize its resources, and we cannot continue to rely on oil alone. Iraq is a meeting point for the world, and we must invest in its geographical location to enhance its revenues.”

Al-Zaydi pointed out that “employees’ salaries must be released on time, so that there is no message of concern to the people, as well as the salaries of the social protection network. We have directed that a payment be prepared for the farmers’ dues, and the dues of contractors and investors, and their rights must not be delayed to ensure the continuation of work,” noting that “there is a concept that the state is the one that manages the economy, but we want the economy to manage the state, and if the change in concepts is achieved, we will not have to change the people.”

He continued, "The state is not just about budgets and allocations, but rather it seeks to achieve a high GDP, as there are governing and operational expenses that do not reflect positively on development. Therefore, we seek to change traditional financial concepts."

He added, "We do not want to replicate yesterday's experiences. The state's role is regulation and oversight, and we support the private sector, as it is the one that will drive development. It is our duty to look after the poor, but we must not continue to operate with a socialist mentality in the economy."

The Prime Minister explained, “We have directed the preparation of a report on the customs situation in terms of revenues during the last six months, especially for materials with high customs duties. We have also noticed that materials with high customs duties are being replaced with cheaper materials through devious means, and automation will put an end to this manipulation.”

 He pointed out that “we have 5,000 doctors contracted with the Ministry of Health, and we have directed that their situations be resolved. We have also circulated a directive not to place pictures of the Prime Minister and ministers in all departments and institutions. We want people to see our work, not our pictures.”  link