Iraq Economic News and Points To Ponder Monday Morning 6-8-26

Government advisor: The 2027 Budget Will Enhance Fiscal Sustainability and Support Economic Reform.

Money and Business    Economy News – Baghdad   The Prime Minister’s financial advisor, Mazhar Muhammad Salih, confirmed on Monday that the 2027 budget will enhance financial sustainability and support economic reform, noting that government spending continues in accordance with the Financial Management Law despite the delay in approving the budget.

Saleh said that “Iraqi financial policy is still being managed in accordance with the provisions of the amended Federal Financial Management Law No. (6) of 2019, particularly Article (13) thereof, which regulates the mechanisms of public spending in the event of a delay in the approval of the Federal General Budget Law,” noting that “the aforementioned article allowed the continuation of the work of state institutions by granting the Minister of Finance the authority to authorize ministries and entities not affiliated with a ministry to spend at a rate of (1/12) monthly of the total actual current expenditures for the previous fiscal year after excluding non-recurring expenditures, until the approval of the Federal General Budget.”

He added that “this mechanism contributed to ensuring the financing of the state’s basic obligations, foremost among them salaries, wages, pensions, social protection and welfare benefits, as well as the operational expenses necessary to continue providing public services,” explaining that “the same article allowed for the continuation of financing ongoing investment projects based on actual completion rates or completed equipment, provided that cash liquidity and expected allocations are available within the subsequent budget project.”

Saleh explained that “Iraqi public finances faced exceptional challenges during 2026 as a result of geopolitical and regional developments and the accompanying disruptions in global energy markets, supply chains and international trade, which directly affected oil revenues, which represent the main source of public revenues,” stressing that “these changes imposed increasing pressure on the government’s financial position and its ability to finance operational and investment spending, which prompted the government and the Ministry of Finance to move towards preparing the draft federal general budget for 2027 according to a reformist perspective aimed at maintaining financial sustainability and macroeconomic stability.”

He pointed out that "the anticipated budget will focus on enhancing the efficiency of public resource management and rationalizing operational spending, protecting social spending related to the most vulnerable groups, as well as giving priority to investment projects with high economic and developmental feasibility," noting that "among the budget's priorities is also diversifying sources of public revenues and reducing relative dependence on oil revenues, supporting financial and administrative reform programs and government digitalization, in addition to enhancing the national economy's ability to cope with external shocks and achieve financial stability in the medium and long term."

Saleh affirmed that "these trends are consistent with the objectives of the state's financial strategy and public financial management development programs, as well as the pillars of Iraq's 2035 vision, which aims to build a diversified and sustainable economy capable of achieving comprehensive growth and development and enhancing the resilience of public finances in the face of regional and international changes." https://www.economy-news.net/content.php?id=69992

The Dollar Is Near A Two-Month High As Expectations Of A US Interest Rate Hike Grow.

Money and Business    Economy News - Follow-up   The US dollar held near a two-month high on Monday after a strong US jobs report boosted investors' bets on Fed action.

The US Federal Reserve is expected to raise interest rates this year, while the yen has fallen further into territory that warrants intervention.

Currency movements were largely limited compared to the broader market, as a sharp sell-off hit technology stocks in Asia, and the dollar held onto the strong gains it made following a report showing a better-than-expected increase in non-farm payrolls of 172,000 jobs last month.

The euro fell against the dollar to its lowest level in two months, reaching $1.1507, while the British pound hit a three-week low of $1.33165, according to Reuters.

The Australian dollar and the New Zealand dollar similarly fell to their lowest levels in two months at $0.7016 and $0.5779 respectively.

Jonas Gaultermann, senior market analyst at Capital Economics, said: "The US jobs report paints a picture of an improving US labor market despite the current energy price shock."

US Interest Rate

He added: "This situation makes a tightening of monetary policy by the US Federal Reserve later this year increasingly likely, and we now expect the Federal Open Market Committee to raise interest rates twice by 25 basis points later this year, in response to the energy supply shock and the US labor market's return to acceleration."

Israel said it bombed military targets in western and central Iran on Monday, even after reports that U.S. President Donald Trump had asked Israeli Prime Minister Benjamin Netanyahu to refrain from launching further attacks.

According to the CME Group's FedWatch tool, markets now expect a greater than 70% probability that the Federal Reserve will raise interest rates in December, a sharp increase from a 45% probability a week ago.

Japanese Yen

The rise in the dollar in turn led to a further decline in the yen to 160.33 per dollar, erasing the gains it had made following Tokyo's intervention by injecting 11.7 trillion yen ($73.01 billion) just over a month ago, when it fell to its lowest level since July 2024 at 160.725 per dollar.

Sources told Reuters that the Bank of Japan is expected to raise interest rates this month unless there is a sharp escalation in the Middle East conflict that destabilizes markets, as rising fuel prices resulting from the energy crisis exacerbate price pressures on the economy.

As for cryptocurrencies, Bitcoin rose by more than 1% to $62,610, recovering after falling to its lowest level since October 2024 last week, and the price of Ether also increased by more than 1% to $1,652.23, after falling to its lowest level in 14 months last week. https://www.economy-news.net/content.php?id=69988

Fitch Maintains Its Forecast For The Average Price Of Brent Crude At $87 Per Barrel

Energy     Economy News - Follow-up       Fitch Ratings predicted that the global oil market would experience a significant supply surplus during the fourth quarter of this year, despite the sharp price increases caused by the closure of the Strait of Hormuz.

The agency stated that the current price shock reflects a temporary logistical disruption in supplies, not a permanent loss of production capacity, and predicted that the strait would reopen by the end of next July after an effective closure that lasted 5 months.

Fitch maintained its forecast for the average price of Brent crude at $87 per barrel in 2026, but expects a sharp decline in prices after shipping resumes and supplies return to the markets.

The agency expects global oil supply to fall by an average of 2.9 million barrels per day this year compared to 2025, but the market could quickly turn into a surplus after the Strait is reopened.

The war between Israel and Iran has resumed, representing a dangerous escalation that puts the declared ceasefire in the region to a difficult test and threatens to undermine hopes of reaching an agreement to end the war in the Middle East and resume the flow of crude oil through the Strait of Hormuz.

The war has largely stopped since the United States and Israel halted their attacks on Iran in early April, but Tehran continues to block most shipping traffic through the Strait of Hormuz.

Amid the resulting supply crisis, the OPEC+ group agreed on Sunday to increase its oil production for the fourth time in four months. https://www.economy-news.net/content.php?id=69994

Dollar Prices Rise Against The Dinar In Baghdad

Stock Exchange     Economy News – Baghdad    The exchange rate of the US dollar against the Iraqi dinar rose on Monday morning in Baghdad markets.

The dollar exchange rate rose in the Al-Kifah and Al-Harithiya exchanges in Baghdad to reach 154,750 dinars per 100 dollars, while yesterday, Sunday, the rate was 154,000 dinars per 100 dollars.

Selling prices in exchange shops in the local markets of Baghdad have increased, with the selling price reaching 155,250 dinars for 100 dollars, while the buying price reached 154,250 dinars for 100 dollars. https://www.economy-news.net/content.php?id=69993

The Economic Challenges Facing The New Government From The Perspective Of Economic Fragility (An Analytical Study)

Economy News — Baghdad   Samir Al-Nassiri   Overcoming economic and financial challenges and transitioning to sustainable reform is a priority in the new government's ministerial program.

A roadmap for reform and recovery has been drawn up according to the points in the third axis of the program, which forms the cornerstone for building effective economic stability and sustainable development, in accordance with Iraq's economic vision as outlined in the National Development Plan for the years (2024-2028) and Iraq Vision 2030, and the government's stated plans extending to 2035.

Iraq is currently passing through a critical, important, and sensitive phase due to the political, security, and economic conditions resulting from the ongoing war in Iraq's geographical region, the global energy crisis, and the global economic recession.

Furthermore, the economic reality, according to official data and preliminary results of the general population census, indicates that Iraq's population has reached 46 million. Unemployment and poverty rates remain high overall, and the debt-to-GDP ratio and budget deficit are rising.

This is further confirmed by the World Bank, the International Monetary Fund, and Iraqi experts, as well as the weakening of our credit rating from a stable outlook to a negative one, according to the latest assessment by Moody's. This necessitates significant solutions and efforts to achieve economic stability and national security.

To implement the outlined plans, we believe that building the foundations of a comprehensive national security strategy, with a focus on the economic aspect, must result in achieving security, stability, economic development, and financial sustainability.

This will contribute to the well-being of society and must be effective and feasible in the current circumstances facing Iraq.

The magnitude of the economic challenges, both internal and external, and the continued volatility of global oil prices, require the concerted efforts of all governmental, political, and popular entities, as well as the private sector, to protect Iraq, maintain fiscal discipline, and sustainably build a strong, diversified, and sustainable economy based on realistic data.

The fundamental economic principles of the national security strategy, within theeconomic axis, should be as follows:

1- Building a sound, diversified national economy.

2-  Ensuring the private sector plays a pivotal role in leading the market.
3- Providing food, medicine, and environmental security for citizens.

This requires identifying the economic challenges inherited by the new government from previous administrations and transitioning from fragility to recovery and achieving economic stability, which is the foundation for security and social stability in Iraq.

The Macroeconomy Faces The Following Economic Challenges:

First - A mono-economy, relying on the general budget for 90% of its revenues, 
a deficit in non-oil revenue, and weak activation of productive economic sectors such as agriculture and industry.

Second - Deficits in the balance of payments and the trade balance. 

Third - Chronic deficits in public budgets, problems in financing these deficits, and reliance on domestic and foreign borrowing to cover them.

Fourth - Weak and unclear fiscal, trade, agricultural, industrial, and energy policies, and a
failure to activate the real economy, diversify national income sources, and achieve financial sustainability. 

 Fifth - Weak foreign and domestic investment and the emigration of Iraqi capital abroad.

 Sixth – Weak coordination between fiscal and monetary policy, and reliance on borrowing from the central bank and local banks to finance the budget deficit, which puts the national economy at risk. 

Seventh – Weaknesses in the banking system regarding the products it offers to the public, a lack of public trust, slow digital transformation, non-performing loans, and weak international banking relations due to shortcomings in compliance with international standards.

Therefore, We Propose The Following:

First – Radical and comprehensive economic, financial, and banking reform through restructuring the Iraqi economy in terms of the methodology and philosophy that governs it institutionally and legislatively, and continuing and supporting the reform plan undertaken by the Central Bank in cooperation with supporting international companies.

Second – Establishing the foundations and pillars of a social market economy and involving the genuine private sector in economic decision-making institutionally and legislatively, in accordance with Articles 25 and 26 of the Constitution.

Third – Reviewing the legislative framework of the laws issued in 2004 and still in force that regulate economic management, as well as some other laws issued before 2003. https://www.economy-news.net/content.php?id=69952

Seeds of Wisdom RV and Economics Updates Monday Morning 6-8-26

Good Morning Dinar Recaps,

Iran-Israel Ceasefire Teeters as Missile Strikes Threaten Return to Regional War

The most serious exchange of direct attacks since April's ceasefire is raising fears of renewed conflict, energy disruptions, and deeper instability across the Middle East.

Overview

A fragile ceasefire between Israel and Iran is facing its greatest challenge since taking effect in April after both sides exchanged missile and air strikes over the weekend. The renewed violence has raised concerns that months of diplomatic efforts could unravel, potentially reigniting a broader regional conflict with significant economic consequences.

The latest escalation comes as negotiations aimed at extending the ceasefire and reopening critical trade routes, including the Strait of Hormuz, remain ongoing. Global markets are closely watching developments as oil prices react to the growing uncertainty.

Key Developments

1. Iran Launches First Missile Barrage Since April Ceasefire

Iran fired multiple missiles toward Israeli territory, marking the first direct Iranian missile attack since the ceasefire was established in April.

Iranian officials stated the strikes were a response to Israeli military actions in Lebanon, particularly operations targeting Hezbollah positions near Beirut.

2. Israel Responds with Airstrikes Inside Iran

Israel launched retaliatory strikes against military targets in western and central Iran shortly after the missile attacks.

Reports indicate that missile launch sites, military infrastructure, and defense-related facilities were among the targets. Explosions were reported near several Iranian cities.

3. Peace Negotiations Face New Uncertainty

The exchange of fire occurred as U.S.-Iran discussions were reportedly progressing toward a broader agreement aimed at extending the ceasefire and reducing regional tensions.

President Donald Trump stated that both sides were still pursuing a peace arrangement, though the latest attacks have complicated diplomatic efforts.

4. Oil Markets React to Escalation

Energy markets responded immediately to the renewed conflict.

Concerns over the security of the Strait of Hormuz, one of the world's most important energy chokepoints, contributed to higher oil prices as traders assessed potential supply risks.

5. Regional Security Risks Continue to Grow

The conflict is no longer limited to Israel and Iran alone.

Tensions involving Hezbollah in Lebanon, Houthi forces in Yemen, and broader Gulf security concerns continue to increase the risk of a wider regional confrontation that could impact trade routes, energy flows, and global markets.

Why It Matters

The ceasefire had provided a degree of stability after months of conflict that disrupted energy markets and heightened geopolitical risk. Renewed military exchanges now threaten to reverse that progress.

Even limited strikes can significantly impact investor confidence, shipping routes, energy prices, and broader diplomatic efforts throughout the region.

Why It Matters to Foreign Currency Holders

• Rising geopolitical tensions often increase volatility in currency and commodity markets.

• Oil price spikes can fuel inflation and place pressure on national economies.

• Disruptions in global trade routes may affect international financial flows.

• Continued instability could accelerate efforts by nations seeking alternatives to traditional financial systems.

Implications for the Global Reset

• Pillar 1: Energy Security Remains Central to Global Finance

The Strait of Hormuz continues to demonstrate how regional conflicts can rapidly affect global energy markets and economic stability.

• Pillar 2: Geopolitical Realignment Accelerates

Extended instability may encourage nations to diversify trade partnerships, payment systems, and strategic alliances as they seek greater economic resilience.

Closing Insight

The latest exchange between Israel and Iran highlights how fragile regional peace efforts remain. While diplomatic channels are still open, the renewed military actions underscore the challenges of transforming temporary ceasefires into lasting agreements.

This is not merely a regional conflict—it is a reminder that energy security, geopolitical stability, and global financial confidence remain deeply interconnected.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Reuters — "Trump Says Israel and Iran Looking to Do an Immediate Ceasefire"

• Axios — "Israel Strikes Iran Military Targets After Iranian Missile Attack"

~~~~~~~~~~

🌱 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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FRANK26……6-7-26…..DEAD MEN TELL LIES

KTFA

Sunday Night Video

FRANK26……6-7-26…..DEAD MEN TELL LIES

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=6kixKMhq46Y

Gold Becomes Largest Central Bank Reserve on Earth, International Monetary System Built

Gold Becomes Largest Central Bank Reserve on Earth, International Monetary System Built

And We Know:  6-6-2026

The global economic environment is currently undergoing a significant transformation, marked by shifting geopolitical dynamics and evolving monetary policies.

A recent analysis from And We Know Official delves into these complexities, offering a detailed look at how artificial intelligence, stock market trends, and a renewed focus on precious metals are shaping the future of global finance.

For investors and observers alike, understanding these interconnected threads is essential for navigating the current landscape.

A primary concern highlighted in the discussion is the current state of the stock market, which bears a striking resemblance to the tech-heavy climate of the late 1990s. The market’s current momentum is largely driven by a narrow segment of companies involved in artificial intelligence.

While innovation is a powerful engine for growth, this hyper-concentration creates vulnerability. With high interest rates and wage stagnation, the broader economy faces risks that could lead to volatility, especially if the AI sector experiences a correction. The integration of AI into the workforce also signals a fundamental change in how labor and production function, adding another layer of uncertainty to traditional economic models.

As the international monetary system navigates challenges, there has been a notable pivot among central banks toward physical gold.

For years, the global banking system relied heavily on sovereign debt and fiat currencies as collateral. However, as concerns regarding inflation and currency devaluation persist, gold has reclaimed its status as a foundational asset.

By increasing their reserves, central banks are signaling a preference for “real money”—tangible assets that provide stability in ways that paper currency cannot. This transition reflects a broader structural adjustment aimed at mitigating the risks associated with modern fiat systems.

The landscape is further complicated by the rise of digital assets and stablecoins. With upcoming regulatory frameworks like the Clarity Act on the horizon, the intersection of blockchain technology and traditional banking is under intense scrutiny.

Concerns have been raised regarding the systemic risks posed by digital assets that lack the robust protections of traditional financial institutions. As noted by industry leaders, the integration of these technologies into the broader economy brings potential for disruption and liquidity concerns, highlighting the fragility of currently established financial infrastructures.

Amidst these global transformations, the discussion emphasizes the importance of risk management and long-term security. With systemic uncertainty on the rise, precious metals like gold and silver are presented as a strategic buffer.

 Unlike many other assets, these physical commodities carry zero counterparty risk, making them a consistent choice for those looking to preserve value during periods of turbulence. By observing the deliberate actions of central banks and prioritizing tangible assets, individuals can better position themselves against the potential shocks of a changing world.

To gain a deeper understanding of these concepts and to hear the full expert analysis, we encourage you to watch the complete video from And We Know Official. Staying informed is the first step toward making sound decisions in an ever-evolving financial climate.

https://www.youtube.com/watch?v=rJR393ELoVE

https://dinarchronicles.com/2026/06/07/and-we-know-official-6-6-26-gold-becomes-largest-central-bank-reserve-on-earth-international-monetary-system-built/

First They Took the Gold, Then They Changed the Rules

First They Took the Gold, Then They Changed the Rules

Zang International:  6-7-2026

Kenneth Mraz examines the events of 1933 that fundamentally changed America's monetary system.

 He explains the connection between Executive Order 6102, which forced Americans to surrender their gold, and House Joint Resolution 192, which removed gold clauses from contracts and altered how debts could be settled.

 He explores the difference between payment and discharge, why purchasing power continues to decline, and how today's debt-based monetary system may trace its roots back to these historic changes.

Chapters:

0:00 The Real Reason Purchasing Power Is Collapsing

0:29 House Joint Resolution 192 Changed Money Forever

1:00 Payment vs. Discharge: The Hidden Shift

1:34 The Endless Debt Loop Explained

2:03 Who Gets the New Money First?

2:40 Why Workers Absorb the Devalued Dollars

3:17 Savings Accounts and the “Empty Wrapper” Problem

4:02 Gold Confiscation Before the System Changed

5:01 Stablecoins, the GENIUS Act, and 1:1 Reserves

6:01 Deflation, More Money Printing, and the Reset Risk

6:33 The Choice: Hold Debt or Hold Real Wealth

https://www.youtube.com/watch?v=ctyBs8n_ivA

Iraq Economic News and Points To Ponder Sunday Afternoon 6-7-26

The Finance Committee Rules Out Approving The 2026 Budget And Confirms: Salary Payments Will Not Be Affected.

Money and Business   Economy News – Baghdad  The parliamentary finance committee explained that approving the 2026 budget is unlikely given the ongoing work to complete the government program and the cabinet, while stressing that the current priority is securing salaries and addressing the economic challenges facing the government.

Finance Committee member, Ribwar Karim, told the official newspaper, as reported by "Economy News," that "this year's budget will most likely not exist, and work will begin on studying the 2027 budget, stressing that securing salaries will not be affected, and that the government has very large capabilities to address the deficit through internal or external borrowing or by using the Central Bank."

Karim added that "everyone agrees on supporting the government's efforts in securing salaries and reaching the next budget, indicating that things will be clearer in the next budget with regard to the effects of the Strait of Hormuz and oil prices and expanding revenues, especially after the application of the Customs Tariff Law and the ASYCUDA system, which will provide greater diversity in sources of income."

Karim explained that the absence of a budget until the middle of the fiscal year is directly related to the government program, especially since the government is still in the process of completing its formation, and the House of Representatives has granted the Prime Minister the necessary confidence and powers. He stressed that the Finance Committee is ready to support the government in facing the economic challenges, whether the 2026 budget is presented or not, indicating that any move to legislate an alternative law similar to the Food Security Law has not been proposed yet, and the matter is left to the request of the government and the Prime Minister’s vision for the next stage. https://www.economy-news.net/content.php?id=69946

CBI Denies Printing Money To Fund Salaries

2026-06-07 Shafaq News- Baghdad   The Central Bank of Iraq (CBI) rejected on Sunday claims that it is printing money to cover government salaries, following remarks by Foreign Minister Fuad Hussein about printing 25 trillion Iraqi dinars to address the country's financial crisis.

Discounting treasury bills differs fundamentally from issuing currency, the bank stressed, describing the former as a standard mechanism used by central banks to provide temporary liquidity against government debt that is repaid at maturity. However, issuing money without corresponding assets is prohibited under Iraq’s Central Bank Law No. 56 of 2004 because it can fuel inflation and weaken the national currency.

CBI pointed out that its role is to manage monetary policy and protect the financial system rather than serve as a permanent source of budget financing, adding that any exceptional measures are implemented under strict controls and according to economic requirements.

“The current circumstances highlight the need for long-term fiscal policies aimed at building financial buffers capable of absorbing economic shocks and oil market volatility,” the bank said, calling for greater economic diversification, broader revenue sources, and efficient public debt management to reduce the impact of future crises and preserve overall economic stability.     https://www.shafaq.com/en/Economy/CBI-denies-printing-money-to-fund-salaries

A Busy Week For Financial Markets: Markets Await Spacex's IPO And Inflation Data Amid Interest Rate Concerns.

Money and Business   Investors began the week amid sharp fluctuations in global markets, following last week's heavy losses that pushed major US indices lower, as investors reassessed expectations of interest rate hikes this year.

The S&P 500 fell 2.6% on Friday, posting a similar weekly loss, while the Dow Jones Industrial Average declined 1.4% on the same day, ending the week down 0.6%. The Nasdaq Composite suffered the biggest losses, plunging 4.2% on Friday and closing the week down 4.7%.

This week, markets are focused on several key economic and financial events, most notably the highly anticipated initial public offering (IPO) of Elon Musk's SpaceX, as well as major corporate earnings reports and crucial US inflation data.

Oracle is scheduled to announce its earnings on Wednesday, followed by Adobe's results on Thursday, while investors await indicators related to the artificial intelligence and cloud computing sectors.

The most significant event is the anticipated initial public offering (IPO) of SpaceX on Friday, one of the largest in market history, with a price tag of $135 per share, potentially valuing the company at around $1.78 trillion. Investors are closely watching the impact of the listing on the Nasdaq indices and the potential for a significant rebalancing of index funds.

Economically, attention is focused on US inflation data, with the Consumer Price Index (CPI) due on Wednesday, followed by the Producer Price Index (PPI) on Thursday. The Federal Reserve continues to monitor inflation as part of its monetary policy decisions.

The week concludes with the release of the University of Michigan's Consumer Sentiment and Inflation Expectations report, offering further insights into the overall mood of American households after the index fell to a historic low last month.

This momentum comes as investors attempt to balance relatively strong economic data with concerns about persistent inflationary pressures and the possibility of tighter monetary policy in the near future.

https://www.economy-news.net/content.php?id=69981

Iraqi Oil Exports To US Resume At 43,000 Bpd

2026-06-07Shafaq News- Baghdad/ Washington   US imports of crude oil from Iraq, OPEC's second-largest producer, rose to 43,000 barrels per day (bpd) last week after no imports were recorded a week earlier, according to data from the US Energy Information Administration (EIA).

The increase placed Iraq eighth among the 10 main suppliers of crude oil to the United States during the reporting week.

Canada remained the largest exporter to the US market with 3.677 million bpd, followed by Venezuela at 568,000 bpd, Brazil at 414,000 bpd, Mexico at 323,000 bpd, Ecuador at 300,000 bpd, Saudi Arabia at 283,000 bpd, and Colombia at 167,000 bpd.

Nigeria followed Iraq with 23,000 bpd, while Libya ranked last among the listed suppliers with 8,000 bpd.

https://www.shafaq.com/en/Economy/Iraqi-oil-exports-to-US-resume-at-43-000-bpd

OPEC+ Approves Fourth Straight Production Hike

2026-06-07Shafaq News- Baghdad/ Vienna   Iraq and six other members of the OPEC+ alliance agreed on Sunday to increase oil production by a combined 188,000 barrels per day from July 2026, extending a series of monthly output increases aimed at gradually unwinding earlier supply cuts.

The decision, reached during a virtual meeting involving Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, will lift Baghdad’s production target by 26,000 barrels per day to 4.378 million barrels per day, while Riyadh and Moscow will each increase output by 62,000 barrels per day, bringing their respective targets to 10.353 million and 9.824 million barrels per day.

The boost forms part of the gradual rollback of voluntary production cuts first announced in April 2023. According to OPEC+, the seven countries maintained that the production adjustments remain subject to change and could be paused or reversed depending on market developments.

July’s increase marks the fourth monthly hike, and matches the June hike, which was reduced from the 206,000-barrel-per-day increase implemented in April and May following the UAE's departure from OPEC.

https://www.shafaq.com/en/Economy/OPEC-approves-fourth-straight-production-hike

Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, And Oman Adjust Production And Reaffirm Commitment To Market Stability

The seven OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 7 June 2026, to review global market conditions and outlook.

In their collective commitment to support oil market stability, the seven participating countries decided to implement a production adjustment of 188 thousand barrels per day from the additional voluntary adjustments announced in April 2023. This adjustment will be implemented in July 2026 as detailed in the table below. The additional voluntary adjustments announced in April 2023 may be returned in part or in full subject to evolving market conditions and in a gradual manner.

The countries will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments, including reversing the previously implemented voluntary adjustments announced in November 2023.

The seven OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation. The seven countries reiterated their collective commitment to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that will be monitored by the Joint Ministerial Monitoring Committee (JMMC).

They also confirmed their intention to fully compensate for any overproduced volume since January 2024. The compensation period will be extended until the end of December 2026.

The seven OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The seven countries will meet on 5 July 2026.    https://www.opec.org/pr-detail/1781604-7-june-2026.html

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 6-7-26

Good Afternoon Dinar Recaps,

Russia Pushes Multipolar Economic Vision as Eurasian Bloc Seeks Greater Financial Independence

Growing efforts to expand regional trade, de-dollarization, and economic integration highlight the accelerating shift toward a more multipolar global financial system.

Overview

As global economic power continues shifting away from a unipolar framework, Russia and its Eurasian partners are intensifying efforts to build alternative financial and trade structures designed to reduce reliance on Western institutions.

Discussions at the 29th St. Petersburg International Economic Forum (SPIEF) focused heavily on the future of the Eurasian Economic Union (EAEU), regional sovereignty, national-currency trade, and the role Eurasia may play in an emerging multipolar economy. The conversations reflect broader global trends toward economic diversification, regional integration, and the development of parallel financial systems.

Key Developments

1. Russia Reaffirms Commitment to a Multipolar Economic Order

Russian President Vladimir Putin stated that a new global economic architecture is emerging that is becoming more diverse and representative of the Global South and East.

The vision centers on reducing dependence on traditional Western-led institutions while creating new frameworks for trade, investment, finance, and regional cooperation.

2. Eurasian Economic Union Continues Expanding Integration Efforts

The EAEU was established to promote economic integration among former Soviet republics through a common market and coordinated economic policies.

Today, the bloc represents approximately 183 million people and more than $2.4 trillion in combined GDP, making it an increasingly significant regional economic organization.

3. De-Dollarization Remains a Strategic Priority

Russia continues to work with partners through BRICS, the Shanghai Cooperation Organization (SCO), and the Greater Eurasian Partnership to increase the use of national currencies in cross-border trade.

Efforts include expanding alternative payment systems, reducing exposure to Western sanctions, and creating financial infrastructure outside the traditional dollar-centered system.

4. New Trade Corridors and Supply Chains Are Emerging

Forum participants highlighted the growing importance of eastward-facing trade routes, regional manufacturing hubs, and localized supply chains.

These developments are helping reshape global logistics networks as countries seek greater economic resilience amid geopolitical uncertainty.

5. Economic Sovereignty Becomes a Central Theme

One of the dominant messages from SPIEF was that sovereignty is increasingly tied to economic self-sufficiency, technological development, and financial independence.

Countries throughout Eurasia are exploring ways to strengthen domestic industries, improve regional connectivity, and reduce vulnerabilities to external economic pressures.

Why It Matters

The discussions at SPIEF underscore how rapidly the global economic landscape is evolving. While globalization continues, many nations are seeking greater autonomy over trade, finance, and strategic industries.

Rather than replacing the existing system overnight, these efforts are gradually creating alternative networks that could operate alongside traditional Western-led institutions.

Why It Matters to Foreign Currency Holders

• More international trade is being settled in local currencies rather than the U.S. dollar.

• Regional economic blocs are building independent payment and settlement systems.

• Alternative financial infrastructure could influence future reserve currency dynamics.

• Growing multipolarity may gradually reshape global capital flows and investment patterns.

Implications for the Global Reset

• Pillar 1: Expansion of Alternative Financial Systems

The continued development of regional payment systems, local-currency trade agreements, and independent financial infrastructure reflects a broader movement toward diversification within the global monetary system.

• Pillar 2: Rise of Regional Economic Blocs

Organizations such as the EAEU, BRICS, and the SCO are becoming increasingly important as nations seek greater economic sovereignty and reduced dependence on traditional centers of financial power.

Closing Insight

The discussions taking place across Eurasia suggest that the future global economy may be defined less by a single dominant center and more by multiple interconnected economic hubs. While the transition remains gradual, efforts to expand regional trade, strengthen national currencies, and develop alternative financial networks continue to gain momentum.

This is not merely a geopolitical shift—it is a long-term restructuring of how trade, finance, and economic influence may be distributed in the emerging multipolar world.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• Modern Diplomacy — "New Multipolar Economy: Questions for Russia and Eurasia"

• St. Petersburg International Economic Forum (SPIEF) — Official Forum Information

~~~~~~~~~~

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What Gives Money Its Value?

What Gives Money Its Value?

Who decides how much money is worth?

By Kimberly Amadeo  Updated on April 21, 2022

The value of money is determined by the demand for it, just like the value of goods and services. You can measure the value of money by what people will exchange for it and by how much of it there is.

Learn how the value of money is determined and who decides it.

Key Takeaways

• You can measure the value of money by how much it will buy in foreign currencies, the demand for Treasury notes, and how much is held in foreign exchange reserves.

• When the value of money declines over time and the prices of goods increase, it is called inflation.

• When prices fall steadily over time and the value of money increases, it is called deflation, and it can have a harrowing effect on the economy.

• It is more valuable to have money today than to have money in the future because of the money's earnings potential; this is the time value of money.

How To Measure the Value of the Dollar

There are three ways to measure the value of the dollar.

Foreign Exchange Rate

The first way to measure the value of the dollar is by how much the dollar will buy in foreign currencies. That's what the foreign exchange (forex) rate measures. Forex traders on the foreign exchange market determine exchange rates. They take into account supply and demand, and then they factor in their expectations for the future. For this reason, the value of money fluctuates throughout the trading day.

Treasury Note Values

The second method to measure the value of the dollar is the value of Treasury notes. They can be converted easily into dollars through the secondary market for Treasurys. When the demand for Treasurys is high, the value of the U.S. dollar rises.1

Foreign Exchange Reserves

The third way is through foreign exchange reserves. That is the amount of dollars held by foreign governments. The more they hold, the lower the supply. That makes U.S. money more valuable. If foreign governments were to sell all their dollar and Treasury holdings, the dollar would collapse. U.S. money would be worth a lot less.

Why the Dollar Changes in Value

No matter how it's measured, the dollar's value declined from 2000 to 2011. That was due to a relatively low federal funds rate, a high federal debt, and a slow-growth economy.

Since 2011, the U.S. dollar has risen in value despite these factors.2 Why? Most of the economies in the world had even slower growth. That made traders want to invest in the dollar as a safe haven. As a result, the dollar strengthened against the euro.3

What Is the Time Value of Money?

Money also has a time value. Money today is worth more than money in the future because today's money can be invested and grown. To calculate the time value of money (TVM), you must consider the present value, the time frame available, and the rate at which it can grow.

Note

The formula for finding the time value of money is FV = PV x [ 1 + (i / n) ] (n x t), where FV is the future value, PV is the present value, i is the interest rate, n is compounding periods per year, and t is the number of years.

Here is an example of finding the time value of money. If you had $100 in present value, a 5% interest rate, and interest that compounds annually, you would be able to calculate the future value of the money after one year.

FV = $100 x [1 + (5% / 1)] (1 x 1) = $105

You would have $105 in future value.

How the Value of Money Affects You

The value of money affects you every day at the gas pump and the grocery store. Demand for gas and food is inelastic.4 Producers know you have to buy gas and food every week. It's not always possible to delay purchases when the price rises.

Producers will pass on any of their extra costs. You will buy it at the higher price for a while until you can change your habits.

Note

When the price of gas or food goes up, you are experiencing the reduced value of money. In March 2022, the food index increased 8.8%—the highest in 40 years.5

When the Value of Money Steadily Declines

Inflation is when the value of money steadily declines over time. Once people expect that prices will rise, they are more likely to buy now, before prices go higher. That increases demand, which tells producers they can safely pass on more costs. They drive prices up more, and inflation becomes a self-fulfilling prophecy.

That's why the Federal Reserve watches inflation like a hawk. It will reduce the money supply or raise interest rates to curb inflation. Core inflation is the price of everything except food and gas prices, which are very volatile. The Consumer Price Index is the most common measure of inflation.6

When the Value of Money Increases

Deflation occurs when the general price level across the economy declines. That sounds like a great thing, but it is worse for the economy than inflation. Why? Think about what happened to the housing market from 2007 to 2011. That was massive deflation.78 Many people could not sell their houses for what they owed on their mortgage. Buyers were afraid that the price would drop right after they purchased it. No one knew when prices would turn back up.

True, the value of money increased. You received more house for the dollar in 2011 than in 2006. But families lost homes. Construction workers lost jobs. Builders went bankrupt. That's what makes deflation so dangerous. It's a fear-driven downward spiral.

How the Value of Money Has Changed Over Time

In 1913, money was worth a lot more. A dollar then could buy what $29.04 could purchase in 2022. The dollar lost value slowly. By 1920, it could buy what $14.38 could in 2022.

During the Great Depression, money gained in value as a result of deflation. A dollar in 1930 could buy what $17.22 could in 2022. By 1950, money had lost some value. A dollar could buy what $11.93 could buy in 2022.

Money has been losing value ever since. In 1970, it could only buy $7.41 in 2022 terms. By 1990, it was only worth $2.20, also in 2022 terms. In 2000, it was worth $1.67 in 2022 terms.9

The Bottom Line

Because of inflation, your dollar today is worth more than it will be in the future. But the day-to-day value of money fluctuates as well because of the volume of demand for it. Dollar demand is measured by the exchange rate value, the value of Treasury notes, and the amount in foreign exchange reserves.

Although rising prices will lessen the purchasing power of money, generalized decreasing prices or deflation can be bad for the economy.10 Yes, deflation will certainly raise the value of money or its purchasing power.

But it's the fear of rapidly plunging prices that will make people hold on to their money, lessen aggregate demand for goods and services, and cause a serious slowdown in economic activity. This makes monitoring and managing inflation and deflation two of the Federal Reserve's most important functions.

TO READ MORE:  https://www.thebalancemoney.com/value-of-money-3306108

Jon Dowling Weekly Wrap Up & Latest Financial Updates June 5th 2026

Jon Dowling Weekly Wrap Up & Latest Financial Updates June 5th 2026

6-5-2026

As we reach the midpoint of 2026, the global financial and geopolitical landscape continues to evolve at a rapid pace.

The latest weekly report, dated June 5, 2026, offers a comprehensive look into the moving parts of global currency realignment, with a specific focus on Iraq’s political trajectory, shifting U.S. economic policies, and the current state of the commodities market. For those tracking international finance, this update provides a roadmap for what to expect in the coming months.

A central theme of this week’s report is the significant progress made by Iraqi Prime Minister Al-Zaidi. With the finalization of his cabinet, the focus has shifted toward imminent diplomatic engagements in Washington, D.C.

These meetings are expected to be a catalyst for sweeping banking reforms. By collaborating with major global institutions like Wells Fargo and Chase, Iraq aims to bring a new level of transparency and coherence to its financial system.

Key to this transition is the enactment of essential legislation, including the HCL gas law and updated border tariffs. These steps are viewed as foundational requirements for integrating Iraq’s economy more fully into the global market, moving beyond localized banking toward a more robust, internationally recognized infrastructure.

The energy sector is currently seeing a surge in optimism, highlighted by Xenog Xol gas reaching all-time market highs. This spike suggests a bullish outlook for the remainder of the year, signaling potential gains for investors keeping a close eye on alternative energy sources.

In contrast, traditional commodities like gold, silver, and crude oil remain in a holding pattern. While the dollar index has shown modest fluctuations, analysts suggest these markets are poised for “breakout” movements. These shifts are likely to be triggered by the resolution of ongoing geopolitical discussions, making the next few weeks a critical period for market watchers.

The report also touches on the domestic front, highlighting recent commentary from President Trump regarding the ideological divide in American economic policy. The discussion contrasts “red” state models—largely focused on tax relief and fostering entrepreneurial growth—with the higher-tax, social-leaning policies of “blue” states.

The report interprets these current political sentiments as a call for broader fiscal reforms, including discussions on debt relief and sustainable economic self-reliance. While U.S. equity indices are currently forecasting highs, the report tempers this optimism with a note of caution, predicting potential market corrections as we head into August and September of 2026.

A unique aspect of this week’s update is the intersection of strategic security and economic stability. The report highlights the presence of U.S. Marines in the Middle East as a stabilizing force, intended to deter corruption and ensure that the process of economic realignment remains transparent.

The goal, according to the report, is a “true” revaluation that is non-corrupt and accessible through mainstream banking institutions. This approach aims to simplify the wealth management process for the general public, moving away from the complicated redemption processes of the past.

To illustrate the importance of these reforms, the report references the historical example of the Zimbabwe hyperinflation crisis, reminding us of the necessity of sound fiscal policy.

As we navigate these complex shifts, the message from the June 5th report is one of “watchful discernment.” With major banking reforms on the horizon and energy markets hitting record peaks, the coming months promise to be transformative.

For a deeper dive into these developments and to stay informed on breaking news as it happens, be sure to watch the full video update from Jon Dowling. Staying informed is the best way to navigate the evolving world of global finance.

https://www.youtube.com/watch?v=m0CEU995oBA

More “Iraq News” Posted by Tishwash at TNT 6-7-2026

TNT:

Tishwash:  One trillion dinars monthly to pay the dues of companies and contractors

Prime Minister Ali Faleh al-Zubaidi revealed that approximately one trillion dinars per month has been allocated to pay the dues of businessmen, companies and contractors.

This came during his reception, yesterday, Saturday, of a number of businessmen, members of the board of directors and development of the private sector, members of the Iraqi Economic Council and a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the Prime Minister, and the head of the Higher Authority for Coordination between Governorates.

Al-Zaydi identified three criteria for preferring the private sector: “tax accounting,” “the size of the workforce and its inclusion in social security,” in addition to “the size of the social benefits contributed to.”

He emphasized that the government relies on cooperation with the private sector to ensure the success of its economic and development reform efforts, adding: "We have an upcoming official visit to the United States, and we will be accompanied by a number of business leaders to expand investment opportunities."  link

Tishwash:  The Minister of Finance discusses with the World Bank technical support for budget preparation and strengthening reforms.

Finance Minister Faleh Sari met on Sunday with a World Bank delegation to discuss technical support for budget preparation and strengthening reforms.

A statement from the Ministry of Finance said that Sari received the World Bank delegation, headed by Regional Director Jean-Christophe Carré and Special Representative for Iraq Emmanuel Salinas, to discuss prospects for technical and institutional cooperation and support for Iraq's financial and economic reform priorities. The statement

added that the meeting addressed mechanisms for cooperation with the World Bank in providing technical and advisory support for preparing the upcoming general budget, enhancing the efficiency of financial planning, considering spending priorities, and supporting fiscal sustainability in light of current economic changes.

The Minister affirmed that the Ministry of Finance is proceeding with financial reforms focused on developing financial management, enhancing non-oil revenues, and modernizing banking, tax, and customs systems, in line with the priorities of the government program.

He also noted the importance of leveraging international expertise and the technical support provided by the World Bank, particularly in the areas of institutional capacity building, financial policy development, and supporting development projects and investment incentives.

For its part, the World Bank delegation reiterated its support for the Iraqi government in implementing financial and economic reform programs and providing the necessary technical advice to contribute to strengthening financial stability and supporting the Sustainable Development Goals.  link

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Tishwash:  Al-Zaidi travels to Washington with businessmen and promises to inject $10 billion into the private sector.

Iraqi Prime Minister Ali Faleh al-Zaidi announced on Saturday an upcoming official visit to the United States, accompanied by businessmen, to expand mutual and joint investment opportunities, noting at the same time that the development fund is for the private sector and will absorb a contribution from the Central Bank worth $10 billion.

This came during Al-Zaydi’s reception of a number of businessmen, members of the board of directors and development of the private sector, members of the Iraqi Economic Council and a number of heads of boards of directors of private banks, in the presence of the Minister of Finance, the head of the Board of Advisors, the director of the office of the Prime Minister, and the head of the Higher Authority for Coordination between Governorates.

According to a statement from the Prime Minister’s Media Office, Al-Zaydi affirmed that the government relies on cooperation with the private sector to ensure the success of its reform efforts in the economy and development, and that it will adopt an open-door policy regarding the proposals, requests, and problems submitted by businessmen that require intervention and resolution.

Al-Zaydi stressed the fight against corruption and extortion, and called on all businessmen or companies not to be drawn into offering any sums of money to facilitate their work and obtain their rights, and that his door is open to any case of obstruction practiced by any element within the body of the state.

Al-Zaydi said that the private sector is a partner of the government, and we support its pivotal role in developing the economy. Our criteria for preferring the private sector are: “tax accountability,” “the size of the workforce and their inclusion in social security,” and “the size of the social benefits contributed to.”

He added: We have a project for one million residential plots, and we call on the private sector to contribute to its infrastructure. There must be a share for everyone who does not own a property, plot of land, or housing unit. We will cooperate with the private sector in preparing residential lands according to economic models that preserve the rights of the state and the citizen.

The Iraqi Prime Minister revealed an upcoming visit to Washington, saying: “We have an official visit coming up to the United States, and we will bring with us a number of businessmen to expand mutual and joint investment opportunities.”

Al-Zaydi pointed out that the development fund is for the private sector, and will absorb a contribution from the Central Bank worth $10 billion, and we will open subscription to contributions for all citizens, at the official value of the Iraqi dinar.

He explained that the profits of the Development Fund will be exempt from taxes, and will finance the establishment of new factories with new products needed by the Iraqi market. We have prepared monthly payments of approximately (1 trillion dinars) for the purpose of paying the dues of businessmen, companies, and contractors, and the payments will increase with the resolution of the crude oil export crises.

He noted that he had issued directives to resolve obstacles related to tax accounting and to remove any conflict in instructions, and everything that hinders progress towards the goal of preserving public funds. He also directed that all laws and decisions that do not facilitate economic development and impede the expansion of partnership with the private sector be studied.

For their part, the businessmen offered to expand consultations with the government regarding service and development projects and priorities, diagnose market needs, and find solutions to economic challenges in order to help the government achieve its goals  link

Tishwash:  Iraq strengthens ties worldwide,Says Faihan

The First Deputy Speaker of parliament, Adnan Faihan, affirmed on Saturday that Iraq is proceeding with a policy of balanced openness and strengthening constructive partnerships with various countries around the world.

A statement issued by the media office of the First Deputy Speaker of Parliament, received by the Iraqi News Agency (INA), stated that “the First Deputy Speaker of Parliament, Adnan Faihan, received in his guest house the Ambassador of the Republic of Austria to Iraq, Andrea Nasi, where during the meeting they reviewed all the latest developments on the local scene, as well as exchanging views on the most prominent regional and international developments and their repercussions on the region.”

Faihan stressed "the need to raise the level of bilateral relations and expand areas of joint cooperation in a way that serves the mutual interests of the two friendly countries, especially in the economic and investment sectors, and the importance of resuming direct flights between Baghdad and Vienna as a supportive step to enhance trade exchange and revitalize tourism."

For his part, the Ambassador of the Republic of Austria to Iraq, Andrea Nasi, expressed his country's keenness to strengthen the partnership with Baghdad and develop areas of cooperation in various sectors, in a way that contributes to achieving the common interests of Iraq and Austria and serves the future of the two friendly peoples.  link

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

Tishwash:  The Prime Minister's advisor: Al-Zidi's government has taken measures to preserve the purchasing power of the dinar and curb inflation.

The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, affirmed on Saturday that the government, headed by Ali Falih Al-Zaidi, has taken measures to preserve the purchasing power of the Iraqi dinar and curb inflation.

Salih told the Iraqi News Agency (INA) that "the policy of stabilizing the official exchange rate is based on a fundamental objective: protecting the external value of the national currency and maintaining the stability of the general price level." He pointed out that "the stability of the exchange rate has contributed to strengthening confidence in the Iraqi dinar and supporting the purchasing power of citizens."

Salih added that "the relationship between the stability of the exchange rate and the stability of prices of goods and services in the local market has remained strong, given the limited impact of the parallel market on the pricing system and the effectiveness of monetary policy." He explained that "financing imports through the official banking system and relying on the state's foreign reserves has contributed to providing imported goods at stable and controlled prices."

He continued, stating that "government policies aimed at maintaining the stability of prices for public goods and services, along with the expansion of modern commercial distribution methods, particularly cooperative stores and advanced marketing models, have strengthened competition and contributed to reducing inflationary pressures and supporting price stability."

Saleh explained that "among the most prominent factors putting pressure on the value of the national currency are the decline in official reserves, uncontrolled monetary expansion, and excessive reliance on oil revenues, which are currently subject to geopolitical constraints imposed on the freedom of energy markets, in addition to political and regional tensions and their impact on foreign currency flows and economic confidence."

He emphasized that "raising the value of the Iraqi dinar cannot be achieved through quick administrative decisions, but rather through a long-term reform process based on the stability of monetary and fiscal policies, diversification of national income sources, and strengthening confidence in the local currency."

He noted that "the stability of the dinar remains a direct reflection of the stability of the macroeconomy and its ability to withstand local and international changes, which is what the government is working on through a package of measures to strengthen the value of the Iraqi dinar. These measures include working to enhance foreign reserves, diversify the national economy and reduce dependence on oil, achieving stability in the balance of payments, as well as controlling the parallel market, reforming the banking system, expanding the use of electronic payment methods, and promoting financial inclusion." link

Iraq Economic News and Points To Ponder Late Saturday Evening 6-6-26

Government Spokesperson:   Iraq is a Fully Sovereign Country

Iraqi News Agency (INA)  Saturday,   INA - BAGHDAD    6/06/2026   Government spokesperson Haider al-Aboudi affirmed on Friday that Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates.

"The government of PM Ali Faleh al-Zaidi has presented a clear ministerial program, foremost among which is strengthening national sovereignty. Monopolizing weapons in the hands of the state and enforcing the law represent the government's starting point," al-Aboudi said in a televised statement to Al-Iraqiya News, reported by the Iraqi News Agency - INA.

He noted, “The national forces' response to the issue of weapons control has become evident to everyone. It is important to restrict weapons to the state to ensure that political agendas do not dictate their control. Iraq is a fully sovereign country, and its supreme authority is not subject to internal or external dictates."

"September 2026 will mark the end of the international coalition's presence in Iraq,” he highlighted.

Regarding the fuel station issue, Al-Aboudi confirmed that "the Prime Minister is personally overseeing the fuel station file, and stations are being supplied with gasoline."

On salaries and the evaluation of general managers, Al-Aboudi explained that "salaries are secured, and the Prime Minister differs from his predecessors because he comes from the business world and understands the intricacies of economic movements."

“The evaluation of general managers is one of the most important factors in institutional performance, and it will be conducted scientifically and meticulously," he underscored. 

https://ina.iq/en/politics/49325-government-spokesperson-iraq-is-a-fully-sovereign-country.html

Employees With Different Salaries And Similar Qualifications  An Economist Says The New Peace Agreement Will Cost The State "Trillions"

 Baghdad Today - Special Report:   In Baghdad, where the days are all the same in their noise and heavy routine, Ali would get up every morning to cross the gate of his government office as if crossing into another day of postponed duty. He would sign in, review papers, and get immersed in the details of work until the evening, then return burdened with a silent question: Is what he does really measured by what he earns at the end of the month?

On the other side of the city, Muhammad was taking almost the same route, but to a different government department, offices similar to Ali's, files piling up in the same way, and daily pressure that was not much different in appearance.

Yet, when payday came, an invisible gap was revealed between the two stories, a gap created not so much by the nature of the work as by the entanglements of laws and privileges.

Ali and Muhammad did not know each other, but they met every month at the same spot, a vague feeling that justice, despite its presence in speeches, was still searching for its way among the various state circles.

This story, which is repeated among thousands of employees in Iraq, has become a constant topic of discussion and controversy in recent years, amid increasing demands to reconsider the salary structure and end the disparities that have arisen due to accumulated laws and exceptions.

With the return of talk about a comprehensive reform of the salary scale, the issue stands out as one of the most sensitive challenges facing the government, as it seeks to achieve job fairness without burdening the general budget with potentially large financial burdens.

Economic expert Nasser Al-Tamimi explained today, Friday (June 5, 2026), that Iraq is facing an important obligation related to reconsidering the structure of salaries and wages in state institutions, in light of the large disparity that exists between employees of ministries, agencies and entities not affiliated with a ministry, which has accumulated over many years as a result of special legislation, exceptions and multiple privileges.

Al-Tamimi told Baghdad Today that “talking about a comprehensive reform of the salary scale is no longer just an administrative option, but has become a necessity to achieve a greater degree of functional and social justice.

The existence of employees with the same qualifications and experience who receive vastly different salaries due to the different entity in which they work represents one of the most prominent challenges facing the public administration in Iraq.”

He stressed that “adopting a unified salary scale can be a positive step towards addressing current imbalances, but its success depends on its design taking into account the nature of different jobs and specializations, levels of responsibility and competence.

Absolute unification of salaries may lead to new problems if it does not include professional and productive incentives that ensure attracting and retaining talent, especially in specialized and technical sectors.”

He added that "any broad reform of salaries will entail a large financial burden that may reach several trillion dinars annually if the principle of raising the lowest salaries to the levels of the highest-paid entities is adopted, which requires conducting accurate financial studies to determine the sources of funding and the mechanisms for phased implementation."

He added that "the main challenge facing the government is to achieve a balance between social justice and financial sustainability, as job disparities cannot be addressed at the expense of the state's financial stability or an increase in the general budget deficit. Successful reform should be gradual, well-considered, and linked to broader reforms in human resource management and government spending."

Al-Tamimi stressed that "there is a need to review the special privileges, allowances and exceptions that have accumulated over the past years, which have become one of the most prominent reasons for disparity among employees, and achieving justice requires subjecting all institutions to unified and transparent standards as much as possible."

He added that “any broad adjustment to salaries will have direct repercussions on the general budget and the Iraqi economy, as it may contribute to stimulating local demand and improving the living standards of employees, but on the other hand, it may increase financial and inflationary pressures if it is not accompanied by balanced economic and financial reforms.”

Al-Tamimi concluded by saying: “Reforming the salary system in Iraq should be viewed as part of a comprehensive public administration reform project aimed at promoting fairness, efficiency, and rationalizing government spending, in a way that serves the interests of both the employee and the state.”

Over the past decades, Iraq's salary system has undergone frequent modifications, resulting in significant disparities among employees in state institutions.

This is due to the adoption of special laws, allowances, and exceptions that have granted some entities financial privileges exceeding those received by employees in other institutions, despite similar qualifications and job responsibilities.

With the increasing number of employees and the rising annual payroll, reforming the salary scale has become one of the most sensitive issues, given its direct impact on the general budget and the standard of living of millions of Iraqi families, as well as its connection to demands for achieving job fairness and enhancing the efficiency of government administration.      https://baghdadtoday.news/300687-.html

Monte Carlo: Al-Zaidi Received US Pledges Of Broad  Economic Support In Exchange For Proceeding With The Plan To "Monopolize Weapons In The Hands Of The State"

 latest news  Saturday,   June 6, 2026   Baghdad - One News   Monte Carlo Radio revealed intensive meetings being held by Prime Minister Ali al-Zaidi with American diplomats, coinciding with the start of the plan to disarm Iranian-backed factions.

According to the radio station, the American message included a pledge of significant economic support for the al-Zaidi government to strengthen the plan and restore security coordination between Baghdad and Washington after its decline following the recent war.

In this context, the government announced the provision of thirty-five thousand jobs in the security and military institutions to integrate members of the factions that agree, most notably the Sadr Movement, Asaib Ahl al-Haq, and the Imam Ali Brigades, in exchange for pursuing those who reject this American vision. https://1news-iq.net/مونت-كارلو-الزيدي-تلقى-تعهدات-أمريكية/

Security Source To “Eram News”: Signs Of US Support For Al-Zaydi Against The Factions Are Escalating, Including Air Support

latest news   Saturday,   June 6, 2026   Baghdad - One News   An Iraqi security source told Eram News that the chances of Prime Minister Ali al-Zubaidi accepting the American offer to confront the factions refusing to hand over their weapons, which former Prime Minister Mohammed Shia al-Sudani had previously rejected, are increasing. 

The security source said the offer includes providing multiple forms of support, most notably full US air support from bases in Iraq. 

He explained that the military tools available to the government are ready to impose its authority and end the influence of the pro-Iranian arms that refuse to hand over weapons, foremost among them the blood relatives, Malik al-Ashtar, the Kaabi movement, and the Hamidawi Brigades.https://1news-iq.net/مصدر-أمني-لـإرم-نيوز-مؤشرات-الدعم-الأ/

Al-Khafaji reveals the course of procedures for "weapons control" and the legal and regulatory frameworks for completing the "integration of factions"

 latest news   Saturday,  June 6, 2026   Baghdad - One News   6/06/2026   The Ministry of Defense announced the receipt of large quantities of weapons, while confirming that there is no timetable for the process of restricting weapons to the state.

 The Director of Media and Moral Guidance at the Ministry, Major General Pilot Tahsin Al-Khafaji, said: “The transfer and integration process is complex and important, and requires legal and regulatory frameworks and the provision of job positions, given its connection to heavy weapons, equipment, personnel, salaries, and job entitlements.”

 He confirmed that “important steps have already begun through reliance on the laws, regulations, and approved mechanisms for receiving,” assuring that “work on this file is proceeding smoothly, and there is no time limit for completing this file.”https://1news-iq.net/الخفاجي-يكشف-عن-مسار-إجراءات-حصر-السلا/

Iraqi Pm To Visit Washington For Expanding Us Investment

2026-06-06 / 13:05   Shafaq News- Baghdad   Iraqi Prime Minister Ali al-Zaidi announced Saturday an upcoming official visit to Washington, accompanied by a delegation of Iraqi business leaders.   According to his office, the visit aims to expand opportunities for mutual and joint investment, without specifying a date. 

The Washington trip would be the first official foreign visit by the Iraqi prime minister since he was sworn in on May 1. 

Read more: Al-Zaidi sworn in as Iraq's prime minister with a program already failed

US President Donald Trump extended an official invitation to al-Zaidi in a phone call on April 30, expressing a desire to develop and strengthen bilateral relations across various fields.

https://shafaq.com/en/Iraq/Iraqi-PM-to-visit-Washington-for-expanding-US-investment