Bruce’s Big Call Dinar Intel Thursday Night 6-25-26

Bruce’s Big Call Dinar Intel Thursday Night 6-25-26 

Transcribed By WiserNow Emailed To Recaps   (INTEL ONLY)

So welcome everybody to the Big Call. It is Thursday, June 25th  and you're listening to The Big Call. Thanks everybody for coming in, tuning in again. Good to have you here. Thank you, SAT team, for getting the call out all over the globe,

Thank you, Bob. Let's move into the intel portion, and it's not going to take a long time to get this out, because remember, we always, we said a few weeks ago, at least to me, it was said they want this to go by the end of June. Well, we're only five days away now from the end of June, so we're getting closer

Now  I always get a little squirrely when we get really close to the first day of the month, okay?   Which is my calendar right in my head, okay? Today's the 25th 26th 27th 28th 29th

The next four days, which is Friday, Saturday, Sunday, Monday, are going to be days to watch what's happening, to watch communications, to watch events, things that are happening that are contributing to what we're doing. Now this is the main thing, the main thrust of what we got.

We did hear   that the Rocky Dinar would have a new Sunday, that all the currencies would be up on Forex again on Sunday, and that we would have all new rates that would show up, probably to us on redemption screens Monday morning,

and that means that not only is Iraq going to have new rates Sunday, and their first business day remembers Sunday, so they may get them before nightfall in Iraq, or after the Forex has come back up. Remember, it comes back up at different times on Sunday throughout the globe.

We get to come up around five, 530 in the afternoon on Sunday. That's when the Forex reopens again, and people that have subscriptions to Forex can see the rates well. I'm testing them to light up with new rates Sunday night, and Iraq will have new lower denomination notes of their new dinar out Sunday night.

So, my personal feeling is that with these new notes and with a new rate  in country it sounds to me like prices, if they haven't already been changed, would need to be changed in Iraq Sunday night for Monday morning's business.

Now I think we'll have our numbers on redemption center screens Monday , and we know that the redemption center leaders and the staff are going in at 9o'clock every morning until the end of the month at least, and so they should be able to see that now. Will they get an email prior to Monday morning?

Oh, I would think so  just..  but that's, you know, this is what's interesting about this. We also heard that we, an escaper, 1 - - 2 – 2 different  sources that we would have our notifications on Monday and or Tuesday, so Monday is the I'll be with my calendar. 

Let's see, 25th 26th 27th 28 28/30 being the last day since Thursday, Friday, Saturday, Sunday, Monday, so Monday is the last day of the month, and that's when we should have our notifications.

Thank you, Sue. There you go. Monday is the 29th  so that means Tuesday is the last day of the month, that's right, because Wednesday's the fourth is the first of July.

Okay, so on Monday or Tuesday we're going to be receiving notifications. Now one of our sources at a redemption center said that, and we've said this on the last two big calls, that Zim holders would be receiving notifications first,

And what was said to us  today was that these notifications to Zim holders would come out 12 to 14 hours ahead of notifications that would go out to other currency holders, meaning non-Zim holders, or at least people that they don't think have Zim, and the people that have Zim, they want that Zm in there right away, so 12 to 14 hours after the initial notifications of 1.2 million zim holders, plus or minus, that is when the other notifications would go out, and I think what's going to happen Monday is Zim holders could get notified, and Tuesday the rest of the currency holders could get notified. 

If that happens, this is a big if that were to happen. Zim holders  might be able to get in to the reduction centers on Tuesday.

If not, Wednesday is the first of July, and maybe nobody starts exchanges until the first of July, Wednesday - but remember they do want that zim in there right away, and I think, why would they give us a 12 to 14 hour head start?

Why would they give us any head start unless they want us to book those appointments and go ahead and use the 800 number to call to set our appointments through the call centers and get relayed to a redemption center, you know, I mean, we don't, we can't say it's absolute, but it looks pretty good for Monday, Tuesday for our notifications and possibly Tuesday, Wednesday, start of exchange.

That's where we're looking at, which gets it done before the fourth of July.

Now it's pushing it right to the very end of the month. I get it, I get it all the way   -  but I believe what that does is that allows everything to go through. Remember, the quantum financial system is good to go and has us in that system.
On the fourth of July, we're looking at, I think, could be several announcements about NESARA about everything that's included in it, maybe an overview.

I don't know if we're going to get anything EBS before then, or even at that time, but I think we're looking like a start that takes place around the 30th of June or  first of July

I would not surprise me a bit if we did, if we actually set our appointments to start on Wednesday, july 1, and then remember the Fourth of July is on Saturday, and by that time I think they would have quite a few people in and out of redemption centers by then.

I think med bed centers are close to that time frame, not if immediate, but within days of our exchanges be able to get in and start getting healed in the med bed centers.

I'm excited about that. Obviously, let's see if there's anything else.

I know that there's been a situation where some deep state printing press or for our fiat dollars in locations that you couldn't imagine, but they have, and I think they're running down those, or a couple of locations, they're trying to run those down and get that

I don't know, guys, I mean, there's there's a lot going on with the corruption, and I know in six states, picking people right and left that are involved in Medicare and Medicaid fraud and that type of thing. Obviously, California is huge, especially around LA, for that huge.

There are other states, obviously, Mogadishu, Minnesota, which I understand a little bit that  area and others too, and I don't know all the other states, but I know those are two of them, Minnesota and California, so there are four other states where cleanup is ongoing and   I think everybody should just pay attention to what they, what they see and hear.

Don't you know what's funny? You can't say, 'Oh, I watch I watch Fox' or 'I watch NBC or I watch some of these other channels. You're not going to get the truth on those channels every once in a while, Fox will have something real, but you know most of the time you've got to go deep under, and you guys know a lot of the sites probably that you're reading to understand what's really happening, and they're a lot happening behind the scenes, right now, there's quite a bit, and you know our guys are busy. We do have a tentative peace deal, like we said on Thursday or on Tuesday, rather we do have a peace deal with Iran, and I think just coming to a conclusion

Now, will all of the conflicts around the globe be done by then??

I understand they're moving forward with Cuba, and they're moving forward with Ukraine and Russia, and I know they have a time line to hit and make all that come  together now.

We are, you know, we're coming down to the wire if we're going to get notified by the last day of this month, by Monday or Tuesday of this month, and you know they don't have a whole lot of time to get that done. I believe we're on track.

I know that we're on track, and I'm sure that they are getting everything done according to plan,  let's just look forward to early next week, early next week, Monday, Tuesday, next week, Zim holders should have a slight head start based on mailing, emailing coming out from Wells Fargo throughout the 14 hr on head start on other currency holders, because they want that Zim in that works, it should be great. I don't think there's anything new as far as the call centers and the process. Just remember to take your currency with you. Don't forget it. Make sure you have one or two photo IDs of yourselves.

Take a one or two copies of a utility bill, or your cell phone bill. Let's say, take a copy of that, maybe a gas bill, or an electric bill, or something that has your address on it, shows roughly that you're a person lives in a location and  obviously got a passport, take that, but driver's license student ID is good for any full idea.

I think I've been through everything so many times. I don't know of any super just looking forward to this coming to a nice end. Are we looking to get started, and I know that all of you are in that same camp. We do want to get this blessing and be thankful for it, and then move on into our next phase of life.

That's what I wanted to say. thank you, Big Universe, for listening to us over the past 15 years, and you guys haven't. I mean, I know it's been more recent for the rest of the get the big call, but thank you,. And thank you, Big Call Universe, for hanging in there. Many of you have not even ever missed one call, which is better than I can say I've missed a couple of calls,

So lets pray the call out and we look forward to talking again on Tuesday, we'll see what's happened by  or on Tuesday

All right, everybody,  have a great weekend. We're going to have a great Fourth of July coming up. We should be in and out, most of us out of redemption session, but let's keep an eye on this and we'll talk to Tuesday, God bless you all

Bruce’s Big Call Dinar Intel Thursday Night 6-25c-26 REPLAY LINK      Intel Begins   1:18:00

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Bruce’s Big Call Dinar Intel Tuesday Night 5-19-26 REPLAY LINK     Intel Begins   1:05:45

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Seeds of Wisdom RV and Economics Updates Friday Afternoon 6-26-26

Good Afternoon Dinar Recaps,

Crypto Market Suffers Largest Liquidation Wave of the Year as Macro Pressures Intensify

More than $1 billion in leveraged crypto positions were wiped out as Bitcoin fell sharply, highlighting the growing influence of macroeconomic forces and investor migration toward artificial intelligence.

 Overview

• Bitcoin's sharp decline triggered the largest wave of crypto liquidations so far this year, erasing more than $1 billion in leveraged positions.

• Analysts say the selloff reflects broader macroeconomic uncertainty rather than a fundamental weakness in blockchain technology.

• Artificial intelligence is attracting increasing amounts of investor capital, talent, and institutional attention, creating new competition for the crypto sector.

Key Developments

1. Largest Liquidation Event of 2026

Bitcoin experienced a steep correction during June, falling nearly 20% for the month and more than 30% from its October 2025 all-time high. The decline pushed Bitcoin briefly to approximately $58,000, triggering automatic liquidations across the derivatives market.

More than $1.01 billion in leveraged crypto positions were liquidated within 24 hours, including approximately $715 million in long positions, illustrating how leverage amplified the market decline.

2. Crypto Increasingly Moves With Traditional Markets

Market analysts believe Bitcoin is now behaving more like a traditional risk asset than an isolated alternative investment.

Institutional ownership through ETFs and broader participation by professional investors have increased Bitcoin's sensitivity to:

• Central bank monetary policy

• Interest rate expectations

• Global liquidity conditions

• Institutional portfolio rebalancing

• Macroeconomic risk sentiment

Rather than reacting solely to crypto-specific developments, digital assets are becoming increasingly integrated into global financial markets.

3. Artificial Intelligence Competes for Investment Capital

Another factor weighing on cryptocurrencies is the rapid expansion of the artificial intelligence sector.

Venture capital firms, institutional investors, and technology professionals continue shifting resources toward AI infrastructure, semiconductor development, and large-language model companies, reducing available investment flowing into blockchain projects.

Analysts expect this competition for capital could continue throughout the summer unless crypto markets regain stronger momentum.

 Why It Matters

The correction demonstrates that digital assets are becoming deeply interconnected with the broader global financial system.

As institutional participation grows, cryptocurrencies are increasingly influenced by the same macroeconomic forces affecting equities, bonds, and technology investments rather than operating independently.

Why It Matters to Foreign Currency Holders

Digital assets continue to play an expanding role within the evolving global financial landscape.

As governments modernize payment systems, develop digital asset regulations, and institutional investors increase exposure to blockchain technology, crypto markets remain an important indicator of broader changes occurring across the international financial system.

Implications for the Global Reset

• Pillar 1 – Technology

The growing competition between artificial intelligence and blockchain reflects a larger transformation in digital infrastructure, where investment increasingly flows toward technologies expected to define the next generation of the global economy.

• Pillar 2 – Assets

Institutional adoption continues integrating Bitcoin and digital assets into mainstream portfolios, reinforcing their role as an emerging asset class while exposing them to traditional market cycles and global liquidity conditions.

Analysis

The recent correction highlights how much the cryptocurrency market has evolved over the past several years. Earlier market downturns were often driven by crypto-specific events such as exchange failures or regulatory actions. Today's price movements are increasingly tied to macroeconomic conditions, including interest rates, institutional fund flows, and overall investor risk appetite.

Another notable trend is the growing competition for capital between blockchain technology and artificial intelligence. AI companies are attracting record investment, public market attention, and engineering talent, temporarily diverting resources that previously flowed into crypto innovation.

Although investor sentiment has fallen into extreme fear, long-term institutional adoption of digital assets continues through ETFs, tokenization initiatives, and expanding regulatory frameworks. Market volatility remains high, but the broader integration of digital assets into the global financial system suggests cryptocurrencies are becoming a permanent component of modern capital markets rather than a separate financial ecosystem.

This is not just about cryptocurrency—it reflects the growing integration of digital assets into the global financial system as capital shifts toward the technologies shaping tomorrow's economy.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Cointribune – "Crypto Market Suffers Its Largest Liquidation Wave Of The Year"

• Bitcoin.com News – "Bitcoin Slides Nearly 20% in June as $715M in Crypto Long Bets Collapse"

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Thank you Dinar Recaps

Ariel: Iraq is on their Way Back to the Global Table

Ariel:  Iraq is on their Way Back to the Global Table

6-26-2026

On Your Mark, Get Set, ASYCUDA: Iraq On Their Way Back To The Global Table (Forex Market Preparation)

You Are Seeing Movement That Can Only Mean One Thing

Iraq positioning the dinar for forex market participation is the quiet revolution that changes everything.

Here Is What You Need To Know

Once redenomination happens (removing the three zeros) and the currency gains real usability, the path to floating on international forex platforms becomes viable. This isn’t about wild volatility or casino-style trading. It’s about controlled, monitored entry into global exchange mechanisms where supply, demand, and real economic fundamentals drive value instead of fixed auctions and political whims.

The new AML-hardened Governor, Starlink connectivity, ASYCUDA customs automation, and ISO 20022/Ripple rails create the transparency backbone required for credible forex participation. Legacy players who benefited from opaque dollar auctions and offshore parking are about to lose their favorite playground.

Why This Matters On A Deeper Level

Forex trading for the dinar would mean genuine market discovery investors, institutions, and sovereign funds able to hold and trade it directly. Combined with gold collateral (170+ tons), stabilized oil revenue via HCL, and diversified income from projects like the Path of Civilizations corridor (Asia-Europe digital and physical artery with Qatari GBI involvement), the dinar gains organic demand drivers.

Post-redenomination starting around 0.62, a managed float toward higher territory (functional 1:1 parity over time in-country) becomes realistic as stability compounds. This directly challenges the old merchant banking model that preferred managed weakness and dependency.

The Convergence Is Brutal For The Old System

• Starlink covers remote oil fields and borders for real-time production and customs data.

• ASYCUDA (July 10 implementation) standardizes trade flows between Baghdad and Erbil.

• Ripple/ISO 20022 expansion across 25+ banks by month’s end forces structured transparency on every cross-border transaction.

• The new Governor’s AML background ensures enforcement.

• Cashless government mandate by early July turns policy into daily reality.

• HCL final agreements lock oil revenue clarity.

All of this infrastructure makes forex entry credible instead of another failed experiment.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/on-your-mark-get-162091700

https://dinarchronicles.com/2026/06/25/prolotario-iraq-is-on-their-way-back-to-the-global-table/

What Happens to your Money on Reset Day?

What Happens to your Money on Reset Day?

Taylor Kenny:  6-26-2026

he global economic landscape is constantly evolving, and discussions around potential monetary shifts are becoming increasingly relevant.

 A recent video from ITM Trading offers insightful analysis into the concept of a “monetary reset,” exploring its historical underpinnings, potential implications, and strategies for individuals to consider. This post will delve into the key takeaways from that discussion, focusing on understanding these complex economic ideas and how one might approach them.

At its core, a monetary reset occurs when a government officially announces a significant change to its currency system. This can manifest as a “revaluation,” “reset,” or “restructuring,” often involving the introduction of a new currency or a dramatic alteration to the existing one.

The video highlights several preceding symptoms that typically signal such a shift: unsustainable levels of national debt, persistent trade imbalances, the imposition of tariffs, and rising inflation. These indicators have been observed in various economies throughout history, including examples from Mexico, Venezuela, and Zimbabwe.

A central theme of the discussion is the gradual erosion of purchasing power over time.

The video references the significant decline in the value of the US dollar since its inception in 1913, noting that its current purchasing power is dramatically reduced. This long-term trend underscores how fiat currencies, over decades, can diminish in their ability to acquire goods and services.

 When faced with severe economic challenges, governments typically confront two main choices: default on their national debt or implement a currency reset.

For major economies, a direct default is often considered a less likely path due to the potential for widespread civil unrest and significant geopolitical repercussions. Consequently, a reset or restructuring often emerges as a more manageable, albeit still impactful, alternative.

To illustrate the mechanics of a monetary reset, the video uses Mexico’s historical experience as a compelling case study. Resets often involve the removal of zeros from the currency – for instance, a 1000-to-1 reset where a new unit of currency replaces a thousand old units.

While this is primarily an accounting convenience, it fundamentally alters the perceived value of money and, in effect, reduces the purchasing power of existing balances. The experts in the video paint a vivid picture of a hypothetical ten-to-one reset for individuals holding US dollars, emphasizing the substantial impact it could have on personal wealth if held exclusively in traditional fiat currency.

The video offers a contrast between holding wealth solely in fiat currency during such a reset, and the potential benefits of converting it into specific assets.

Gold is presented as a significant potential hedge in these scenarios. Historically, when fiat currencies are devalued during a reset, the value of gold has often tended to multiply relative to the devalued currency, helping to preserve purchasing power.

Beyond gold, the discussion extends to the broader importance of tangible investments as a part of a diversified financial strategy. The experts also underscore the critical role of liquidity and strategic asset conversion following a reset, advocating for individuals to engage with knowledgeable analysts who can provide guidance through intricate financial transitions.

Crucially, the video frames a monetary reset not merely as a potential financial challenge but also as a distinct opportunity for those who are adequately prepared with the right strategies and a diversified portfolio of assets, particularly gold and other tangible investments.

The presenters strongly encourage viewers to seek professional financial advice. They emphasize that expert guidance during periods of economic change can be instrumental not only in protecting one’s existing wealth but also in strategically positioning it for potential growth and long-term legacy building.

https://www.youtube.com/watch?v=1CDpb0G3v2g

Friday Iraq News Posted by Tishwash at TNT 6-26-2026

TNT:

Tishwash:  Head of Money Changers Syndicate: Recent Central Bank Changes a Positive Step to Enhance Financial Stability

The head of the Exchange and Mediation Syndicate, Diaa Al-Tai, confirmed that the recent changes made by the Central Bank of Iraq represent a positive step in the path of developing the financial sector, praising the selection of Nizar Nasser to assume his new duties due to his experience and competence in the field of combating money laundering and the financing of terrorism.

Al-Ta’i told “Al-Jarida” that Nizar Nasser’s expertise is in line with the requirements of the current stage and the challenges facing the financial sector, which contributes to enhancing compliance with international standards and consolidating financial stability in the country.

He added that the previous changes in the Directorate of Supervision of Non-Bank Financial Institutions, which included the appointment of Dr. Dirgham and his assistant Zaid Hamid, proved successful thanks to their high professionalism and extensive experience in following up on the affairs of exchange companies and handling administrative and supervisory files.

He pointed out that these measures contributed to accelerating the completion of many pending files, as well as strengthening communication and coordination channels between exchange companies and the Central Bank of Iraq.

Al-Ta'i reiterated the Money Exchange and Mediation Syndicate's support for all steps and reforms aimed at developing the financial sector and consolidating the principles of oversight and compliance, thereby enhancing the stability of the financial market and raising the level of confidence in financial institutions operating in Iraq.  link

Tishwash:  Soon, Baghdad will host international figures: oil, electricity, and strategic partnerships.

Informed sources revealed on Thursday that important visits by international figures to Baghdad are expected, to conduct economic understandings that will bring mutual benefit to the parties concerned, just hours after reports spoke of the possibility of Iraq withdrawing from OPEC, and the repercussions of this decision on the global energy market.

A government source told Shafaq News Agency that “figures and representatives from some European Union countries will soon visit Iraq to reach understandings that achieve common interests, which will include presenting offers and economic partnerships in developing the energy sector in Iraq, including the oil and electricity sectors, in order to reach self-sufficiency and resolve the problem of supply hours.”

The source added that "among the proposed offers is the processing of associated gas and making the most of it in order to achieve self-sufficiency within a short-term plan not exceeding two years."

He pointed out that “supporting electricity production, along with proposals to implement projects to increase storage capacity and to acquire a joint maritime fleet with important countries, including the United States, is being arranged, with the aim of expanding the volume of Iraq’s crude oil exports.”

Oil Ministry spokesman Salim al-Rikabi had hinted, in a comment seen by Shafaq News, at the possibility of withdrawing from OPEC if the production level allocated to Iraq is not increased in line with its production capabilities and future needs.

In this context, economic analyst Joel Rimmer, who specializes in the global stock market, revealed on Thursday the repercussions of Iraq's exit from the Organization of the Petroleum Exporting Countries (OPEC) on the future of the global oil market, stressing that recent reports from Baghdad carried a message that said, "Either allow production to increase more freely or we will leave the organization."

Reimer said in an analysis published on the MarketWatch website and translated by Shafaq News Agency that “Iraq’s threat to withdraw from OPEC appeared deliberate and intentional, and any progress in this direction will have major repercussions on the global oil market, as an increase in Iraqi production outside the quota system could put strong pressure on prices that are already witnessing a significant decline.”

According to the analyst, Qatar's exit from OPEC in 2019 and the UAE's withdrawal on May 1, 2026, did not pose a major threat to the organization, given that Doha was primarily focused on gas production, while the UAE's production was only about 3.4 million barrels per day.

As for Iraq, the situation is different, as it is one of the founding members of the organization when it was established in 1960, and the second largest producer in it after Saudi Arabia, with a production of about 4.5 million barrels per day, according to him.

Reimer stressed that Iraq’s importance goes beyond its membership in OPEC, because the size of its production makes it a pivotal player in the global supply and demand equation, noting that the Iraqi position carries an indirect message to Saudi Arabia and the influential countries within the organization regarding Baghdad’s dissatisfaction with the current production ceilings imposed on it.

The US Energy Information Administration estimates that Iraq, if it ignores production quota restrictions, could raise its production to seven million barrels per day by 2029, an increase of more than 75% compared to current levels.

Reports also indicate that major American companies such as ExxonMobil, Chevron and Halliburton may be among the biggest beneficiaries of any anticipated investment expansion in the Iraqi oil industry.

Reimer concluded that OPEC losing a founding and major member like Iraq shortly after the UAE's withdrawal could lead markets to question the organization's ability to control or support oil prices when they decline.

The economic damage inflicted on the Gulf states by the war with Iran has created significant financial needs for reconstruction and investment, which may prompt some producers to demand an increase in their production quotas, raising the likelihood of a future oil supply surplus and increasing pressure on global prices.  link

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Tishwash:  After the end of the war, the Iraqi economy is on the path to recovery.

The Iraqi government has reaffirmed its commitment to the stability of the exchange rate, in a move that should reassure markets against the backdrop of the US-Israeli war on Iran, the closure of the Strait of Hormuz, and the disruption of oil exports.

The Iraqi government joined the Central Bank in reassuring markets about the dinar's exchange rate, with its spokesman Haider al-Aboudi stressing that there was no intention to print currency or adjust the exchange rate to compensate for lost liquidity amid the repercussions of the Iran war.

Al -Aboudi said in a television interview on Tuesday that “there is no intention to print currency or raise the dollar exchange rate to compensate for the lost liquidity,” considering that such options “do not serve the citizen and constitute a burden on him.”

The Central Bank of Iraq denied last week its intention to amend the dinar's exchange rate, warning against the circulation of misleading news, after a forged document was spread claiming there was a request to change the rate to 1,600 dinars per dollar.

Pressure on the dinar

However, these assurances did not completely stop the pressure on the dinar in the parallel market, where the price of the dollar rose from about 1449 dinars ten days ago to between 1550 and 1560 dinars, compared to the official price of 1310 dinars.

Reducing dependence on oil in the budget

In parallel, Al-Aboudi said that the government is working to reduce the country’s budget dependence on oil and enhance non-oil revenues, noting that Prime Minister Ali Al-Zaidi heads a specialized committee that aims to reduce the budget’s dependence on oil to 45% instead of 90% during the next ten years.

Al-Aboudi did not explain the mechanism for achieving this goal, but he indicated that the committee will work to maximize revenues from border crossings and customs and activate collection, at a time when the government needs to secure at least 10 trillion dinars per month to cover salaries and public expenses.

He added that “this figure requires revenue engineering in light of the current crisis, which is not easy at all.”

These moves come as Iraq faces exceptional financial pressures since the closure of the Strait of Hormuz, given its almost complete dependence on oil to finance its budget and exports.

The financial advisor to the Iraqi cabinet, Mazhar Muhammad Salih, said last week that Baghdad has not yet decided to request a loan from the International Monetary Fund, but it will need to decide its position by July if estimates indicate that the Iran war will continue beyond October.

Saleh added that Iraq is “almost financially settled until next October,” but noted that there are intensive consultations with the IMF about the nature of possible assistance.

Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund, said in April that Iraq had few options other than reducing spending and temporarily resorting to foreign exchange reserves, at a time when Bloomberg Economics estimated that Iraq needed about $75 billion to maintain the fixed exchange rate of the dinar against the dollar, out of foreign reserves that amounted to $100 billion on the eve of the war.

The Washington-Tehran agreement eases the pressure

With a temporary agreement reached between Washington and Tehran that would reopen the Strait of Hormuz, pressure on the Iraqi economy is likely to ease.

The economy needs two months to recover.

Zafer Mahdi Abdullah, head of the Iraqi External Development Fund and Iraq’s governor at the OPEC Fund for International Development, predicted that the Iraqi economy would recover within two months from the impact of the Strait crisis, with the gradual return of oil flow.

He added: “After the Strait of Hormuz was opened and Iraqi oil flowed through it, the economic situation began to recover gradually. It certainly needs time, but it will not take more than a month or two.”  link

Tishwash:  A year without a budget... and the government is banking on comprehensive financial reforms in 2027.

In a new indication of the complexities of the financial and administrative landscape, attention is turning to the 2027 budget after the chances of approving the 2026 budget declined, as a result of the delay in completing the formation of the government and the continued vacancy in a number of key ministries.

On Thursday, Hussein Al-Darraji, a member of the Parliamentary Finance Committee, ruled out the possibility of the government finalizing the current year's budget within the required constitutional and administrative timeframes. He emphasized that the remaining time in the year is insufficient to prepare a comprehensive draft and present it to the Council of Representatives for approval.

 Al-Darraji explained that the government is effectively moving toward preparing the 2027 budget, anticipating that the draft will be sent to Parliament this coming October or November, in preparation for debate and approval prior to the start of the new fiscal year.

 He noted that the upcoming budget would undergo fundamental changes regarding the philosophy of its preparation and the mechanisms for organizing its financial schedules. Additionally, spending priorities will be re-evaluated and the actual needs of government institutions assessed to align with current economic and financial conditions.

 This approach comes as the state continues to rely on the "1/12" provisional spending mechanism—authorized by current financial management laws—to cover employee salaries and essential operating expenses. This reliance follows the failure to pass the 2026 budget, a process that has since become complicated by accounting and technical challenges.

 According to the Finance Committee, there is a preliminary consensus between Parliament and the government of Prime Minister Ali Al-Zaidi to focus efforts on drafting a new budget with a distinct economic vision. This new budget aims to rectify past imbalances and reduce the fiscal deficit, while ensuring readiness before the start of the upcoming fiscal year.

This delay is attributed to a range of political and administrative factors—most notably the recent election period and ongoing disputes regarding the completion of the current cabinet—which have hindered the ability of executive institutions to prepare a comprehensive draft budget during the first half of the year.  link

News, Rumors and Opinions Friday 6-26-2026

KTFA:

Clare: The Prime Minister told an American journalist: American companies will be given priority in investment.

6/24/2026

Prime Minister Ali al-Zaidi announced that American companies will be given priority in investing in Iraq, during an interview with American journalist Hadley Gamble.

Gamble tweeted on the X platform, "Exclusive interview with Iraq's new prime minister in Baghdad. He tells me American companies will be given top priority in investing in Iraq."

She also quoted al-Zaidi as saying, "500,000 barrels per day of Iraqi oil will go toward replenishing the US Strategic Petroleum Reserve (SPR)."

He added, "Iraq will consider suspending its OPEC membership if it is prevented from producing according to its capacity," further stating, "This will stifle corruption."  LINK

Clare:  Iraq expands digital transit with Qatar agreement

6/25/2026

 Iraq signed an agreement with Qatar's GBI to market cross-border internet transit capacity through the Civilizations Road Project and received its first payment in foreign currency, Communications Minister Mustafa Sanad announced on Thursday.

Sanad said the agreement adopts the Indefeasible Right of Use (IRU) model, a long-term telecommunications infrastructure framework, to lease strands of Iraq's fiber-optic network, marking the first time the country has used this system.

The project relies on a land corridor stretching from al-Faw in southern Iraq to Rabia near the Turkish border, linking data traffic from Asia and the Gulf to Europe through Turkiye. According to the minister, the route reduces latency compared with conventional submarine cables, strengthens Iraq's position as an international digital transit hub, and has already attracted requests from several Gulf countries over the past week to use the corridor.

The Communications Ministry launched the Civilizations Road Project into commercial operation in 2024 as Iraq's first internet transit network, a roughly 2,000-kilometer fiber-optic corridor linking the country with neighboring states through five border crossings: al-Faw, Safwan, al-Mundhiriya, Arar, and Rabia.

In March 2025, the ministry signed an agreement with Qatar's Ooredoo to establish Iraq's fourth submarine cable, and in May, Zain Omantel International announced a new telecommunications corridor linking the Gulf to Europe through Iraq.   LINK

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Reset Intelligence  For weeks the only question out of Baghdad was who. Who runs the central bank. Who fills the empty chairs. Today it turned into when, and Baghdad answered. Al Hikma, one of the blocs holding Iraqi Prime Minister Ali al-Zaidi's coalition together, confirmed a special session of Iraq's parliament for July 5 to seat the last 9 ministers. By the middle of July, al-Zaidi is on a plane to Washington...Swearing-in now has a deadline, and the deadline is a flight...A date this specific, tied to a trip this public, is a firmer promise than the open-ended waiting of the last 6 months.

Walkingstick [Iraqi Bank friend Aki update]  At 3:00 in the morning, Aki told us get ready because the lower notes and the new exchange rate is coming.

StephenIraq is moving faster than I've ever seen them move before.  They are rooting out corruption at levels I had never seen before.  It all makes you wonder, hmmm, the timing is all very interesting.  We have the Prime Minister Zaidi going to Washington in the middle of July.  A lot can happen between now and the middle of July...If this much is happening on the surface and they're disclosing this, what's really happening behind the scenes?  That's the exciting part.

Gold Is Trading Around $4,000 – So Why Is the U.S. Mint Selling a 1-Oz Coin for $20,000?

Miles Franklin Media:  6-26-2026

Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, speaks with Andy Schectman, Founder & CEO of Miles Franklin Precious Metals, about the growing speculation surrounding the U.S. Mint’s newly released 1-ounce gold coin priced near $20,000 – while gold trades around $4,000 an ounce.

Schectman weighs in on whether the unusual pricing, along with a surge in December $20,000 gold call options, could be signaling something much bigger ahead for gold, the U.S. Treasury market, and America’s 250th anniversary.

He also discusses gold revaluation, the possibility of gold-linked Treasuries, why central banks are bringing gold home, and how the global gold infrastructure is shifting away from London and New York.

Schectman also breaks down the risks of central bank digital currencies, stablecoins, the GENIUS Act, and why he believes gold is becoming increasingly vital as a neutral reserve asset in a changing monetary system.

In this episode of The Real Story with Michelle Makori:

Why the U.S. Mint’s $20,000 1-ounce gold coin is raising questions

What December $20,000 gold call options may be signaling

Gold revaluation, gold-linked Treasuries, and July 4th speculation

Why central banks are buying and repatriating gold

CBDCs, stablecoins, and the future of programmable money

Alan Greenspan’s legacy, the Fed Put, and gold’s role in monetary history

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

Iraq Economic News and Points To Ponder Friday Morning 6-26-26

Parliamentary Finance Committee: There Is No Longer Enough Time To Finalize This Year's Budget, And The Government Is Moving Towards Preparing The 2027 Budget.

Shafaq News – Baghdad   On Thursday, Hussein al-Daraji, a member of the parliamentary finance committee, ruled out the possibility of the Iraqi government being able to finalize the budget for the current year due to the delay in its formation, noting that the current trend is towards preparing next year's budget.

Al-Daraji told Shafaq News Agency that the remaining time in the second half of this year is insufficient for the government to prepare the 2026 budget for approval by the House of Representatives, indicating that the government will work on preparing a draft budget law for 2027, expecting the draft to reach Parliament in October or November of next year.

He added that there is a government trend to make fundamental changes to the 2027 budget law, which will be completely different from previous budgets in terms of the methods of preparation, schedules, and determination of necessary expenditures.

The decision to move directly towards the 2027 budget comes in light of the accounting absurdity in approving the 2026 budget, the second half of which is about to end, as the state currently relies on the temporary disbursement mechanism at a rate of (1/12) based on the continuing financial management law from the previous three-year budget to finance employee salaries and governing operational expenses.

According to the Finance Committee, the joint approach between Parliament and the government of Prime Minister Ali al-Zidi has settled on focusing technical efforts to draft the 2027 budget with a completely new economic philosophy and expenditure schedules, with the draft to be sent to the House of Representatives at the end of this year to avoid a deficit and ensure its passage before the start of the new fiscal year.

It is worth noting that the government of former Prime Minister Mohammed Shia Al-Sudani had prepared the outlines of the 2026 draft budget before leaving office, including extensive financial commitments, among them the issue of regularizing contracts and staffing levels. However, the draft was delayed due to the country entering the election and caretaker phase.

This financial vacuum was exacerbated after the current Prime Minister, Ali Faleh al-Zaidi, gained confidence on May 14 with a deficient cabinet (14 ministers out of 23), as political disputes and power-sharing caused a delay in completing the vacant portfolios (such as Interior, Defense and Planning) until next July, which paralyzed the executive branch’s ability to present a comprehensive budget law throughout the first half of this year.

https://www.shafaq.com/ar/سیاسة/المالية-النيابية-الوقت-لم-يعد-كافيا-لموازنة-العام-الحالي-والحكومة-تتجه-ل-عداد-موازنة-2027

Economist: There Is No Intention To Change The Exchange Rate, And What Is Being Circulated Is Just Rumors.

 Baghdad Today – BaghdadEconomic expert Manar Al-Obaidi confirmed on Wednesday (June 24, 2026) that there is no intention to change the dollar exchange rate in the country, while indicating that what is being circulated on social media is just rumors.

Al-Ubaidi said in a post on social media, which was followed by “Baghdad Today”, that “during the past few days I received dozens of calls and messages about my opinion on the rumors of changing the exchange rate, and I would like to point out that all that is being circulated about an imminent intention to change the exchange rate is baseless rumors”, noting that “any change will lead to a number of problems that have been explained previously that outweigh the advantages of the change, so there is currently no intention to reduce or amend the exchange rate.”

He added that "what is necessary in the next stage is a package of reforms related to the structure of operational expenses, working to increase non-oil revenues, and regulating the process of importing non-essential goods."

The issue of the dollar exchange rate in Iraq is a recurring point of contention with every economic or financial challenge facing the country, as expectations and rumors about the possibility of adjusting the exchange rate or reducing the value of the Iraqi dinar escalate from time to time.

Iraq last made an official adjustment to its exchange rate in 2023 when it adopted an official rate of 1,300 dinars to the dollar, as part of measures aimed at achieving monetary stability and reducing the gap between the official rate and the market rate.

https://baghdadtoday.news/302042-.html

Reforming The Iraqi Currency: A National Demand Presented To The New Government

16/12/2025   Today, on behalf of a broad segment of our people, we present a clear national demand to the new government and the elected Council of Representatives The issuance of a law to remove three zeros from the Iraqi currency, as a fundamental step to restore confidence in the dinar, improve purchasing power, and facilitate daily transactions.

Monetary reform requires issuing a new 100-dinar banknote to serve as a symbol of economic stability and the strength of the state, alongside reprinting smaller denominations that citizens regularly use: 1, 5, 10, 25, and 50 dinars.

We also call for careful pricing and measures to prevent inflation in small goods. It is necessary to reintroduce smaller units, the fils, into circulation as in the 1970s, with denominations of 1, 5, 10, 50, and 100 fils.

Currency reform is incomplete without attention to the aesthetic design of the notes. We urge the involvement of Iraq’s leading artists in designing the new issues to embody the civilizations of Babylon, Assyria, and Sumer, reflecting the country’s strength, fertility, and rich history.

Restoring the stature of the Iraqi currency is not merely a financial step; it is a national demand that expresses the Iraqi people’s desire for a strong state, a stable economy, and a currency worthy of Iraq’s history, present, and future. We will continue to present this proposal clearly and responsibly… Iraq deserves a currency that matches its name, prosperity, and civilization. **Dr. Ali Al-Saadi** Lecturer, College of Law, Almustaqbal University https://uomus.edu.iq/CollegeEn/Details/99723

Iraq Customs Mandates ASYCUDA Electronic Invoice Verification By July 10

Iraq  Jawad Al-Samarraie    June 24, 2026   Baghdad (IraqiNews.com) – The Iraqi General Customs Authority announced a major step toward total digital automation on Wednesday, June 24, 2026. The authority has officially activated an electronic inquiry feature for Certificates of Origin and commercial invoices issued by the Federation of Iraqi Chambers of Commerce.

This update integrates directly with the global ASYCUDA (Automated System for Customs Data) network to systematically cross-verify and authenticate trade documentation, removing paper-based delays and tightening regulatory oversight against financial fraud.

The General Customs Authority emphasized that this phase represents a final call for importers to digitize their legal pipelines. The rollout follows a strict two-stage schedule:

• The Pilot Phase (Current): The electronic verification feature is actively operating under a live trial system. Customs clearing agents and merchants can input document numbers into designated fields within ASYCUDA to check functionality.

• The Mandatory Mandate (July 10, 2026): Starting July 10, 2026, the system becomes completely mandatory. The authority explicitly stated that no physical Certificates of Origin or commercial invoices will be accepted or processed at any Iraqi border point unless they are digitally verifiable through the automated link.

To ensure an uninterrupted flow of goods and avoid severe bottlenecks at border entries, the authority urged all merchants, international importers, and customs clearing agents to complete the following timeline:

Required Transition Steps

1. Register with the Federation:
   Submit all valid commercial invoices and manufacturing documentation to the Federation of Iraqi Chambers of Commerce for official archiving.

2. Verify Electronic Issuance:
   Ensure that the Federation generates an official, trackable digital serial number for both the Certificate of Origin and the commercial invoice.

3. Input ASYCUDA Fields:
   Instruct your clearing agent to manually input the specific document serial numbers into the newly designated tracking modules within the ASYCUDA interface.

4. Complete Automated Auditing:
   Allow the system to run its automated authenticity check. Once matched with the Federation’s databases, the shipment will bypass traditional manual verification delays.

System Warning: Non-registered documents presented after July 10, 2026, will be automatically flagged by the ASYCUDA system, resulting in immediate suspension of customs declarations and potential administrative fines.

https://www.iraqinews.com/iraq/iraq-customs-mandates-asycuda-electronic-invoice-verification-by-july-10/

Israel-Lebanon Negotiations Extended By One Day

2026-06-26   Shafaq News- Washington/ Beirut   US-mediated negotiations between Israel and Lebanon, originally scheduled to conclude on June 25, will continue for an additional day, the US State Department stated on Friday.

Lebanon's An-Nahar newspaper reported that discussions have become increasingly complicated by unresolved disputes and Iran's role in the security arrangements linked to the ceasefire. Israeli negotiators have refused to discuss a timetable for leaving southern Lebanon and continue to tie any redeployment to Hezbollah's complete disarmament.

Read more: US-Iran ceasefire deal leaves Lebanon without guarantees

The newspaper also said that Israel rejected more than 10 proposals submitted by the Lebanese delegation and US mediators for pilot security zones, insisting that the Lebanese Army operate only outside the Israeli-controlled area on both sides of the Litani River.

Speaking during Ashura* commemorations, Hezbollah Secretary-General Naim Qassem reiterated that Israel has “no option” but to withdraw completely from Lebanese territory, rejecting any arrangement that undermines Lebanon's sovereignty, and insisting the group remains committed to the Nov. 27, 2024 ceasefire framework, under which security measures apply only south of the Litani River.

The extension comes as the Israeli army announced that a combat officer was moderately wounded, while another officer and two soldiers sustained minor injuries during an exchange of fire with a Hezbollah fighter in the southern Lebanese village of Beit Yahun.

According to Israeli Army Radio, troops from the 679th Brigade were operating in the village when a Hezbollah member inside a building threw a hand grenade at the force. The soldiers returned fire, killing the attacker before evacuating the wounded to hospital.

Hezbollah has not commented on the incident.

*Ashura, observed on the tenth day of the Islamic month of Muharram, marks the killing of Imam Hussein bin Ali, the third Shia Imam and grandson of the Prophet Muhammad, at the Battle of Karbala in 680 CE. For Shia Muslims, the occasion symbolizes sacrifice, dignity, and resistance to injustice.

https://www.shafaq.com/en/Middle-East/Israel-Lebanon-negotiations-extended-by-one-day

Karbala launches extensive security plan for Ashura

2026-06-26 Shafaq News- Karbala   Iraqi authorities and Karbala’s holy shrines have activated extensive security, health, and public service plans as millions of pilgrims arrived on Thursday night to mark the eve of Ashura, one of the country’s largest annual Shiite commemorations.

Ashura, observed on the tenth day of Muharram, marks the killing of Imam Hussein bin Ali, the third Shia Imam and grandson of the Prophet Muhammad, at the Battle of Karbala in 680 CE. For Shia Muslims, the occasion symbolizes sacrifice, dignity, and resistance to injustice.

Black banners lined the city's streets as Husseini mawakib, volunteer-run processions providing food, water, rest areas, and mourning services, received visitors arriving from across Iraq and abroad, while many residents opened their homes, continuing a long-standing tradition of hospitality.

Read more: Baghdad neighborhood revives Ashura ritual

Speaking to Shafaq News, Karbala Provincial Council member Israa Al-Nasrawi said preparations had been underway for more than a month, with government agencies deploying medical teams along the main routes from Najaf, Baghdad, and Babil, as well as across the city. She expected attendance to exceed last year’s estimated 12 million visitors.

The Imam Hussein and Al-Abbas Holy Shrines also unveiled coordinated operational plans for the Tuwairij Run, one of Ashura's largest mourning rituals, deploying 10,000 personnel, including 2,000 staff members and 8,000 volunteers, expanding surveillance with more than 4,400 cameras, organizing 831 mourning and service processions, and preparing three designated routes to manage crowd movement.

The arrangements also include covering the central courtyard between the two shrines with 10,000 square meters of red carpeting, distributing around 50,000 meals daily, and installing hundreds of misting fans to help visitors cope with the summer heat.

Read more: Millions gather for Ashura ahead of Karbala's peak pilgrimage

Media coverage has also expanded. Hussein Al-Shammari, head of the Iraqi Journalists Syndicate's Karbala branch, told Shafaq News that 419 accreditations had been issued to journalists representing 23 television channels, 20 news agencies, and 30 foreign correspondents.

Authorities further mobilized 120 firefighting and rescue teams, 1,350 civil defense personnel, 100 ambulances, 13 hospitals and emergency medical centers, more than 3,200 sanitation workers, 419 specialized vehicles, over 300 sewage trucks, 57 pumping stations, and nine wastewater treatment projects to support the commemoration.

Read more: Muharram in Iraq: New year becomes a season of mourning

https://www.shafaq.com/en/society/Karbala-launches-extensive-security-plan-for-Ashura

Seeds of Wisdom RV and Economics Updates Friday Morning 6-26-26

Good Morning Dinar Recaps,

Could the Hormuz Oil Shock Change the Future of Global Energy?

The reopening of the Strait of Hormuz has restored global energy flows, but the crisis may permanently reshape energy security, investment priorities, and the transition toward diversified power sources.

Overview

• The reopening of the Strait of Hormuz ended more than 100 days of disruption, but exposed the vulnerability of one of the world's most important energy chokepoints.

• Governments are reassessing long-term energy security by expanding strategic reserves, renewable energy, nuclear power, and domestic production.

• Analysts compare the event to the 1973 oil embargo, suggesting it could become another historic turning point in global energy policy.

Key Developments

1. Hormuz Reopens After Extended Disruption

After more than three months of interruptions, oil and liquefied natural gas shipments have resumed through the Strait of Hormuz, restoring a key artery for nearly 20% of global petroleum trade.

Although markets avoided severe shortages through emergency measures such as rerouted cargoes, strategic petroleum reserve releases, and reduced demand, analysts warn those measures were temporary solutions rather than permanent fixes.

2. Governments Shift Focus Toward Energy Security

The crisis reinforced that energy security is becoming just as important as affordability.

Countries heavily dependent on imported fuel—including India, Japan, Pakistan, and South Korea—are reviewing long-term strategies to reduce exposure to geopolitical disruptions through:

• Expanded strategic petroleum reserves

• Greater renewable energy investment

• Nuclear power development

• Alternative fuel technologies

• Domestic energy production

3. Europe Accelerates Its Energy Transition

Having already reduced dependence on Russian energy following the Ukraine conflict, Europe is expected to accelerate investment in renewable energy, electricity grids, storage capacity, and efficiency improvements.

Rather than increasing reliance on imported fossil fuels, policymakers are increasingly emphasizing diversification and resilience.

Why It Matters

The Hormuz crisis demonstrated that today's global energy system is more resilient than in previous decades, but it also revealed that a single geopolitical chokepoint can still threaten worldwide supply chains.

Governments are increasingly viewing renewable energy, nuclear power, strategic reserves, and diversified supply networks as national security priorities rather than solely environmental or economic policies.

Why It Matters to Foreign Currency Holders

Energy remains one of the Five Pillars of the Global Financial Reset.

As nations diversify energy sources and reduce dependence on vulnerable supply routes, capital investment, commodity pricing, inflation, sovereign debt, and global trade relationships may continue shifting. These structural changes could influence currency valuations, reserve management, and cross-border investment strategies over the coming decade.

Implications for the Global Reset

• Pillar 1 – Energy

The Hormuz disruption highlighted the growing importance of energy diversification, resilient infrastructure, and domestic production, accelerating long-term changes in global energy markets.

• Pillar 2 – Trade

Countries are expected to reduce dependence on single maritime chokepoints by diversifying suppliers, strengthening regional partnerships, and redesigning critical supply chains, reshaping international trade patterns.

Analysis

Unlike the 1973 Arab oil embargo, which primarily encouraged greater fossil fuel production alongside conservation efforts, today's crisis occurred when renewable energy, battery storage, and electric transportation have become economically competitive alternatives.

Rather than simply expanding oil production, governments are increasingly directing investment toward energy diversification, recognizing that reducing dependence on imported hydrocarbons provides greater long-term resilience.

The crisis also exposed the imbalance between energy production concentrated in politically sensitive regions and rapidly growing demand across Asia. As a result, many governments are likely to pursue a balanced strategy that combines traditional energy supplies with expanding renewable generation, nuclear power, battery storage, and modern electricity infrastructure.

Perhaps the most significant lesson is that energy security has become a central national security issue. While oil and natural gas will remain essential for decades, the Hormuz crisis may be remembered as the event that accelerated the world's transition toward a more diversified global energy system.

This is not just about oil—it reflects the accelerating global shift toward energy security, diversified supply chains, and the restructuring of the world's economic foundations.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters – International Energy Agency outlook and global energy investment coverage

🌱 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

MilitiaMan & CREW IRAQ DINAR UPDATE-"Convergences Exploding: Cabinet, ASYCUDA & Pipeline All Moving at Once!"

MilitiaMan & CREW IRAQ DINAR UPDATE-"Convergences Exploding: Cabinet, ASYCUDA & Pipeline All Moving at Once!"

6-25-2026

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=yY94TI1ZIQA

FRANK26…6-25-26….FOREX

KTFA

Thursday Night Video

FRANK26…6-25-26….FOREX

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=AS2JMJ51ils

Iraq Economic News and Points To Ponder Thursday Evening 6-25-26

French Public Debt Hits A New Record High, Exceeding 3.5 Trillion Euros

Arabic and international   French public debt reached a new record high in the first quarter of 2026, exceeding the 3.5 trillion euro mark for the first time.

 According to a report by the National Institute of Statistics and Economic Studies in France, public debt at the end of the first quarter of 2026 amounted to approximately 3,536.1 billion euros.

he institute noted that exceeding the €3.5 trillion mark is a first in the country's history. The debt-to-GDP ratio also reached 117.5%, slightly below the peak of 117.8% recorded in 2021.

This figure places France third among EU countries in terms of debt size, after Greece and Italy.

Former French Prime Minister Francois Bayrou stated in August 2025 that the public debt was increasing at a rate of five thousand euros every second, while the then acting Interior Minister Bruno Retailleau confirmed that the country had never before been so close to the risk of financial collapse https://www.economy-news.net/content.php?id=70703

The Prime Minister Arrives In Karbala And Follows Up On The Implementation Of The Procedures Related To The Ashura Pilgrimage Ceremonies.

Localities   Prime Minister Ali Faleh al-Zaidi arrived in the holy city of Karbala on Thursday. While monitoring the implementation of procedures for the Ashura commemorations, he directed the organization of processions and the provision of transportation to ensure the smooth return of pilgrims.

The Prime Minister's Media Office stated in a press release that "Prime Minister and Commander-in-Chief of the Armed Forces, Ali Faleh al-Zaidi, arrived in the holy city of Karbala today, Thursday, as part of his on-site monitoring of the implementation of service and security plans for the Ashura commemorations, in the presence of a number of officials and military and security leaders." The statement

added that "the Prime Minister chaired a meeting during which he received a detailed briefing on the security and service plan for the pilgrimage. He emphasized that the pilgrimage to Imam Hussein (peace be upon him) is no longer a local event but has become a global one, for Hussein (peace be upon him) belongs to all of humanity. His revolution embodied the principles of truth in confronting falsehood, rejecting injustice, and fighting corruption."

According to the statement, Al-Zaydi stressed the importance of projecting a positive image to the millions of pilgrims arriving from outside Iraq, from the moment they arrive until their departure, by providing the best possible services, attention, and care.

In this context, Al-Zaydi directed the organization of the processions, emphasizing the need to consider service and security aspects, as well as the smooth flow of traffic, particularly during the Ashura procession.

The Prime Minister also directed the provision of transportation to ensure the smooth return of pilgrims after the completion of the pilgrimage rituals without delay, noting the importance of coordination between relevant authorities and volunteers who will play an active role during the pilgrimage.

During his visit, the Prime Minister toured several processions and met with pilgrims, expressing his praise and appreciation for the significant efforts made by the procession organizers in serving the pilgrims.

https://www.economy-news.net/content.php?id=70707

The European Union Extends Economic Sanctions Against Russia Until 2027

Arabic and international    The European Union Council announced on Thursday that it is extending economic sanctions against Russia for an additional year, until July 31, 2027, due to the war in Ukraine.

The council said in a statement that the decision comes in response to what it described as Russia’s continued destabilization of Ukraine, noting that the sanctions include the trade, finance, energy and dual-use technology sectors, as well as Russian oil and a number of Russian banks and media outlets.

The European Union confirmed its readiness to take further action against Moscow, while EU leaders agreed during their summit in Brussels to extend sanctions for a full year, while calling for the acceleration of the adoption of a new package of restrictive measures against Russia.https://www.economy-news.net/content.php?id=70706

France, Italy Agree On Post-Unifil Coalition For Lebanon

2026-06-25 Shafaq News- Paris   Italy and France agreed to form a coalition to support Lebanon after the mandate of the United Nations Interim Force in Lebanon (UNIFIL) expires at the end of this year, Italian Prime Minister Giorgia Meloni announced on Thursday.

Speaking at a joint press conference with French President Emmanuel Macron, Meloni said that the two leaders discussed the possibility of holding an international conference dedicated to supporting Lebanon during the post-UNIFIL phase. She noted that Italy and France "can certainly make a difference," adding that an international presence is needed to prevent "a highly dangerous security vacuum."

Macron said Paris and Rome want to launch the coalition in coordination with the European Union and the United Nations, “to strengthen Lebanon's sovereignty and armed forces and prevent the country's territory from becoming a base for regional escalation.”

https://x.com/GiorgiaMeloni/status/2070184315757953365?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E2070184315757953365%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fshafaq.com%2Fen%2FWorld%2FFrance-Italy-agree-on-post-UNIFIL-coalition-for-Lebanon

UNIFIL was first deployed in 1978 after Israel’s advance into southern Lebanon, and its mandate expanded in 2006 following the July Israel–Hezbollah war. The peacekeeping mission includes troops from more than 40 countries and conducts patrols along the Blue Line, a 120-kilometer boundary set by the UN in 2000 following Israel's withdrawal from Lebanon.

https://www.shafaq.com/en/World/France-Italy-agree-on-post-UNIFIL-coalition-for-Lebanon

Iraq Denies Plans To Leave OPEC, Urges Higher Oil Production Quota

In a statement on Thursday, Iraq's Oil Ministry said Baghdad had urged OPEC to reassess production baselines and increase Iraq's quota, citing the damage inflicted on its oil sector by decades of conflict and the recent Middle East war.

ERBIL (Kurdistan24) – Iraq has reaffirmed its commitment to the Organization of the Petroleum Exporting Countries (OPEC), dismissing reports that it is considering withdrawing from the oil-producing alliance, while calling for an increase in its production quota to reflect the country's economic and security challenges.

In a statement on Thursday, Iraq's Oil Ministry said Baghdad had urged OPEC to reassess production baselines and increase Iraq's quota, citing the damage inflicted on its oil sector by decades of conflict and the recent Middle East war.

The ministry stressed that production baselines should be reviewed to ensure they accurately reflect the sustainable production capacities of member states and take into account "Iraq's unique security and economic circumstances."

Addressing speculation about a possible Iraqi exit from OPEC, Oil Ministry spokesperson Salim al-Rikabi told AFP that Iraq "has no intention of withdrawing from the organization and remains committed to its mechanisms."

However, Rikabi emphasized that Iraq expects a fair adjustment to its production allocation.

"OPEC has to raise Iraq's production quota. Otherwise, a decision will have to be made about whether to stay or leave the organization," he said, while reiterating that Baghdad remains engaged within the group's framework.

The ministry also rejected reports suggesting that Iraq was preparing to leave OPEC, stating that such claims "do not reflect" the government's official position.

According to the ministry, OPEC has already begun reassessing the production capacities of its member states. Iraqi officials expressed confidence that fellow members understand the country's circumstances following decades of wars, economic sanctions, and recent attacks on oil infrastructure during the regional conflict.

The ministry added that these factors would be taken into consideration to ensure Iraqi oil production reaches a "fair level."

Iraq, a founding member of OPEC, relies heavily on crude exports, which account for approximately 90 percent of government revenues. The country's oil industry was significantly affected by the recent Middle East war and Iran's temporary blockade of the Strait of Hormuz, which disrupted exports and forced production adjustments across the region.

During the conflict, several Iraqi oil fields were targeted by drone attacks.

Before the outbreak of the war, Iraq produced around four million barrels of oil per day and exported an average of 3.5 million barrels daily, most of it through the Strait of Hormuz.

An Iraqi withdrawal from OPEC would represent a major setback for the organization, particularly after the departure of the United Arab Emirates earlier this year, which cited national economic interests and long-term diversification plans as reasons for leaving the organization.

https://www.kurdistan24.net/en/story/922075/iraq-denies-plans-to-leave-opec-urges-higher-oil-production-quota

Iraq Says No Obstacles Remain To Kurdistan Region Oil Exports

Iraq's Oil Ministry says no barriers remain to the production and export of oil from the Kurdistan Region

ERBIL (Kurdistan24) - Iraq's Oil Ministry has reiterated that no obstacles remain to the production and export of oil from the Kurdistan Region, as major international operators continue returning to work after completing repairs at fields damaged during recent attacks.

Speaking to Kurdistan24 on Thursday, Salim Rokabi, spokesperson for Iraq's Oil Ministry, said there were no remaining issues preventing the production or export of Kurdistan Region oil.

"We are only waiting for all oil companies to return to work at the oil fields and resume their operations once again," Rokabi said.

Companies return in phases

The remarks come as the Kurdistan Regional Government (KRG) announced that international oil companies have begun gradually restoring production following the completion of rehabilitation work at affected facilities.

KRG spokesperson Peshawa Hawramani said operators are returning according to a phased timetable after repairs were completed at fields that sustained damage during recent attacks.

According to Hawramani, HKN has already resumed production at a rate of 7,000 barrels per day and is scheduled to restart operations at the Atrush oil field on Sunday, June 28.

He also confirmed that Gulf Keystone has resumed production at the Shaikan field, while DNO is expected to restart operations on Friday at the Tawke and Peshkabir fields.

Meanwhile, Hunt Oil is scheduled to return to operations on July 8.

Hawramani said the delayed return of some companies was linked to the extensive damage inflicted on oil infrastructure during the attacks.

He explained that affected operators required additional time and technical preparations to rehabilitate facilities and restore them to normal operating conditions before production could resume.

The KRG spokesperson noted that companies are returning to work in stages as repair and maintenance efforts are completed across the region's oil sector.

The announcements from both Baghdad and Erbil signal continued progress toward restoring activity in the Kurdistan Region's energy sector after months of disruption.

While production is resuming gradually, Iraqi officials say all necessary conditions are now in place for exports to proceed once companies fully return to their fields and operations reach normal levels.

The latest developments provide the clearest indication yet that oil production across the Kurdistan Region is moving toward recovery, with major international operators steadily returning to service following the completion of repair work.

https://www.kurdistan24.net/en/story/922033/iraq-says-no-obstacles-remain-to-kurdistan-region-oil-exports

Judiciary Orders Legal Action Against Polluters In Iraq

2026-06-25 Shafaq News- Najaf   Iraq's Supreme Judicial Council instructed courts to pursue legal action against any entity responsible for environmental pollution, including government institutions, to strengthen enforcement of environmental protection laws.

Jamal Abdul Zaid Shalaka, director of Najaf's Environment Directorate, told Shafaq News on Thursday that the directive, which followed a June 23 request from the Ministry of Environment for stricter enforcement, requires competent courts to apply Article 32 of the Protection and Improvement of Environment Law No. 27 of 2009 equally to public and private entities by prosecuting those responsible for environmental violations. It also obliges violators to eliminate sources of pollution, restore damaged areas, and compensate those affected in accordance with Iraqi law.

Earlier this month, a specialized environmental team identified 54 pollution hotspots and environmental violations affecting water quality along the Euphrates River from the Iraq-Syria border to Haditha Lake.

Environmental expert Samim Salam Abu Furat told Shafaq News that the four-day survey documented untreated sewage discharges, illegal sand quarries, poultry waste and animal carcasses dumped into the river, unlicensed fish ponds, construction debris obstructing water flow, and encroachments along the riverbanks.

Read more: The cost of filth: Iraq among the world’s most polluted nations

https://www.shafaq.com/en/society/Judiciary-orders-legal-action-against-polluters-in-Iraq

Erbil Marks Ashura With 400kg Community Meal

2026-06-25 Shafaq News- Erbil   An Ashura mawkib* in Erbil turned 400 kilograms of meat into free meals on Thursday evening, feeding mourners and visitors in a city where the annual commemoration is marked through food, service, and collective memory.

Ashura, observed on the 10th day of Muharram, the first month of the Islamic calendar, marks the killing of Imam Hussein bin Ali, the third Shia Imam, at the Battle of Karbala in 680 CE. For Shia Muslims, the day carries themes of sacrifice, dignity, and standing for truth against power.

Um Mustafa, who runs the mawkib, told Shafaq News that she organizes the initiative every year in Erbil. Volunteers cook rice and qeema, a meat-based Iraqi dish commonly served at religious gatherings, before distributing the meals free of charge to mourners and passersby.

The initiative is meant to “preserve Ashura rituals” and serve those taking part in the commemoration.

While Iraq’s largest Ashura gatherings take place in Karbala and Najaf, the rituals are also observed annually in the Kurdistan Region, including in Erbil, where black banners, mourning gatherings, and food distribution mark the day.

* A mawkib is a volunteer service station that provides food and support during religious commemorations.

https://www.shafaq.com/en/Kurdistan/Erbil-marks-Ashura-with-400kg-community-meal