Seeds of Wisdom RV and Economics Updates Saturday Eve. 6-27-26

SEC and CFTC Seek Public Input on Unified Margin Rules as Crypto Derivatives Expand

U.S. regulators have launched a joint review of portfolio margin rules, signaling a possible shift toward a more unified regulatory framework as digital assets and multi-asset trading continue to reshape financial markets.

Overview

• The SEC and CFTC have opened a 60-day public comment period on harmonizing portfolio margin rules across securities and derivatives markets.

• The proposal could expand cross-margining, improve capital efficiency, and reduce regulatory fragmentation.

• The review reflects the rapid growth of cryptocurrency derivatives and increasing overlap between traditional and digital financial markets.

Key Developments

1. Regulators Launch Joint Review

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are jointly seeking public feedback on modernizing portfolio margin requirements across securities and derivatives markets.

The agencies are requesting comments on cross-margining, collateral treatment, customer protections, risk management, liquidity, and competition. The public comment period will remain open for 60 days after publication in the Federal Register.

2. What Is Cross-Margining?

Cross-margining allows offsetting positions held across multiple markets or products to be evaluated together when calculating required collateral.

Instead of requiring separate margin for each position, regulators assess the overall risk of an investment portfolio, allowing firms to use capital more efficiently while maintaining appropriate risk controls.

Supporters argue this approach could unlock billions of dollars currently tied up as excess collateral.

3. Crypto Markets Are Driving Regulatory Change

The review comes as cryptocurrency derivatives continue expanding within regulated U.S. markets.

Recent developments include:

• CFTC approval of Bitcoin perpetual futures on Kalshi.

• Coinbase Financial Markets offering institutional clients access to regulated crypto options and perpetual futures through Deribit.

• Kraken's launch of CFTC-regulated perpetual futures through its Bitnomial platform.

As crypto exchanges increasingly operate across both securities and commodity markets, regulators believe closer coordination is becoming necessary.

4. Challenges Remain

Despite growing adoption, regulators acknowledge that digital asset products do not always fit neatly within existing regulatory structures.

CFTC Chair Mike Selig recently noted that cryptocurrency perpetual futures are not a natural fit within many traditional commodity market frameworks, highlighting the need for updated regulatory approaches as financial products continue to evolve.

Why It Matters

A more unified regulatory framework could improve market efficiency, reduce regulatory overlap, lower collateral costs, and strengthen risk management across both traditional financial markets and digital asset trading. The review also signals continued cooperation between two of America's most important financial regulators.

Why It Matters to Foreign Currency Holders

Modernizing U.S. financial market infrastructure supports broader efforts to improve liquidity, settlement efficiency, and cross-market integration. These developments complement ongoing global initiatives involving digital assets, tokenization, and next-generation payment systems that many currency investors continue to monitor.

Implications for the Global Reset

• Pillar 1 – Technology

Coordinated regulation reflects the continuing modernization of financial infrastructure as traditional markets increasingly integrate with digital assets and tokenized financial products.

• Pillar 2 – Assets

More efficient collateral management and cross-market capital allocation could improve liquidity throughout global financial markets while supporting the continued institutional adoption of digital assets.

Closing Thoughts

The SEC and CFTC's joint initiative represents another important step toward modernizing U.S. financial regulation for an increasingly interconnected marketplace. While no rule changes have been proposed yet, the consultation demonstrates regulators' willingness to adapt longstanding frameworks to accommodate innovation while maintaining investor protections.

This is not just about margin rules—it reflects the continuing evolution of financial infrastructure as regulators prepare markets for a more integrated digital financial future.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Cointelegraph — SEC, CFTC seek input on unified portfolio margin rules across securities and derivatives

• U.S. Securities and Exchange Commission — SEC Requests Public Comment on Portfolio Margining and Cross-Margining (Federal Register notice)
  

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Rob Cunningham: Anyone Feeling like a Pioneer?

Rob Cunningham: Anyone Feeling like a Pioneer?

6-27-2026

Anyone feeling like a pioneer?

The early blockchain movement days are so yesterday.

Today’s vision is far larger than early “Internet of Value” days, where discussions centered on:

Bitcoin
cryptocurrencies
decentralization
payments
settlement

Those remain important innovations.

But AI-enabled platforms are now integrating additional dimensions:

information
relationships
reputation
intelligence
coordination
economic participation
autonomous execution

Value is now only one layer of a vastly broader digital ecosystem.

The progression has been:

Internet (1995): Information moved globally.
Blockchain (2015): Value began moving globally.
Agentic AI (2030+): Intelligence, decisions, and value will increasingly move together.

Within this new framework,

@X + @XMoney will function not merely as a payments platform, but as an enhanced digital interface through which individuals communicate, coordinate, learn, transact, and delegate tasks to swarms of AI agents.

Ever think how @elonmusk might ultimately leverage this with his Quantum worldview? Of course it all remains to be seen, but as quantum energy, physics and compute capabilities advance across ever expanding ecosystems and platforms, how far away is our Star Trek future?

A limitless potential lies ahead for us to seek new ways, with new eyes, to “fear not” and consider how digital ecosystems that teach, loop, pay, build, coach, diagnose, evolve and unlock our human creativity grow our future.

What a time to be alive.

Source(s):
• https://x.com/KuwlShow/status/2070666217329713437

https://dinarchronicles.com/2026/06/27/rob-cunningham-anyone-feeling-like-a-pioneer/

Ross: The Revaluation of the IQD is Unfolding Right Now

Ross: The Revaluation of the IQD is Unfolding Right Now

6-27-2026

IQD RV clearly cooking.

May take a while longer but at least you get to witness real progress unfolding on a d**n near daily basis.

Channel 8 English:  Governor of the Central Bank of Iraq (CBI), Nizar Nasser Hussein, met on Wednesday with the Chargé d'Affaires of the United States Embassy in Iraq, Joshua Harris, to discuss bilateral cooperation, banking reforms, and efforts to strengthen financial and monetary stability in Iraq. Read more: https://channel8.com/english/news/60519

RIP OPEC

Called it

What an IQD RV BANGER!

Hadley Gamble:EXCLUSIVE* interview with Iraq’s new Prime Minister in Baghdad. He tells me: US companies will be given top priority investing in Iraq 500k bpd of Iraqi oil will go toward replenishing the US SPR Iraq will consider “suspending” its membership in OPEC if barred from producing in line with with their capabilities Corruption will be “suffocated” Militias will be disarmed by September 30th with departure of last US troops

We are in a lightning-speed prerequisite knock-out phase for the revaluation of the Iraqi Dinar.

Change my mind.

One of the most important prerequisites for Iraq’s economic stability — and the revaluation of the IQD — is unfolding right now.

Either OPEC allows Iraq to produce what it can and prosper… or Iraq walks.

Iraq is still under compensation cuts for past overpumping.

Revenue is already taking hits from the regional conflict.

Leaving OPEC = end of those forced cuts. Higher output.

Instant revenue upside. Budget relief. Salaries and stability funded by oil — not borrowing.

PM Al-Zaidi’s mid-July White House visit just raised the stakes.

You are literally watching this finally happen in real-time.

Enjoy the show.

“Iraq is the next target after the UAE!” Remember if Iraq leaves OPEC, instant budget surplus, stability, salaries paid, etc. 90% of their budget is oil.

Watch for the headline.

With the new PM’s focus on the economy in partnership with the White House, Iraq will soon be open for business.

IQD RV stage is set.

Iraqi News:  Iraq is reportedly weighing a proposal to exceed OPEC production limits to offset revenue losses caused by the regional war with Iran. Sources say if OPEC rejects Iraq's request for a higher quota, Baghdad may follow the UAE and withdraw from the organization to freely increase output. A decision could come after Iraqi Prime Minister Ali Al-Zaidi's planned Washington visit in mid-July.   https://www.iraqinews.com/iraq/iraq-considers-leaving-opec-to-increase-oil-output/

Source(s):
• https://x.com/Ross_ptm/status/2069838908570128651

https://dinarchronicles.com/2026/06/27/ross-the-revaluation-of-the-iqd-is-unfolding-right-now/

Why America Should Get Rid of the Penny

Why America Should Get Rid of the Penny

And Maybe Some Other Coins, Too

By  Kimberly Amadeo   Updated on August 29, 2024

Leave a penny, take a penny. The ubiquitous one-cent coin has lots of fans and lots of detractors. For years it has cost more money to make a penny than the value stored in them, which gets smaller and smaller every year. (This is true for lots of U.S. coins.) Still, we just can't quit the penny, even if most of them seem to spend their days in jars and couches, rather than in our pockets where we might reach for them to pay for goods and services.

Consider these reasons why it's time we put away our pennies for good.

Key Takeaways

• A penny is only worth about half of what it costs to produce.

• The U.S. Mint is profitable as an organization, contributing hundreds of millions of dollars to the Treasury every year. But the penny is a money loser for the Mint.

• Picking up that found penny is not worth your time; the effort required returns less than what you'd earn making the minimum wage ($7.25 an hour).

9 Reasons to Get Rid of the Penny

1. Pennies don't buy as much as they used to: In 1913, a penny purchased more than a quarter does today (about 32 cents).1

2. Producing the penny costs taxpayers money: In 2023, each penny produced cost 3.07 cents to make and distribute.2 In 2023, the Mint made 4.1 billion pennies, costing taxpayers $127 million.2

3. Pennies are made of zinc and copper, and zinc can be harmful: Zinc's mining and industrial use has negative environmental and health impacts. During mining, smelting, and other industrial processes, zinc can leach into the soil, water, and air, and cause health concerns for those living nearby.

4. Some of the zinc for penny manufacturing is imported: In 2020, zinc imports added $1.3 million to the $310 billion U.S. trade deficit with China.3

5. Pennies are heavy to carry around: Each one only weighs 2.5 grams, but they add up.4 A dollar's worth of pennies would weigh 250 grams, or about half a pound. Consider that a $1 bill itself weighs just 1 gram.5

6. Making pennies is a money loser: While the U.S. Mint is a net contributor to the U.S. Treasury, producing pennies is a money loser for the Mint. In 2023, the nation lost $86 million making pennies.2

7. Pennies take up time at the cash register to count out: If time is money (see below), then pennies are not worth the time it takes to handle them.

8. The use of cash in retail transactions continues to decline: In 2023, cash was used for just 16% of in-person transactions. That's down from 26% in 2019. Credit cards top the list as the most used payment instrument, accounting for 32% of payments.6

9. Found pennies aren't worth the effort required to pick them up: The federal minimum wage is currently $7.25 an hour. At that wage, it takes five seconds of work to earn a single cent. If you took longer than that to pick up a spare penny found on the ground, your effort would be earning less than minimum wage.

Note

Getting rid of the penny will not be easy. To do so, Congress must enact a law that removes the penny from circulation. It must also direct the U.S. Mint, a bureau of the U.S. Treasury, to stop producing them.

Why We May Keep the Penny, Anyway

To Continue Reading  More:  https://www.thebalancemoney.com/get-rid-of-the-penny-4178219

Saturday Iraq News Posted by Tishwash at TNT 6-27-2026

TNT:

Tishwash:  Al-Zaydi sets a date for filling ministerial vacancies

Prime Minister Ali Faleh al-Zaidi has set a date for filling the vacancies in the government formation.

Prime Minister Ali Faleh al-Zaidi told Sky News, according to a statement issued by his media office and received by Al-Sa’a Network, that “our visit to Washington is not a mere protocol visit, but rather represents a declaration of a new phase of partnership between Iraq and the United States, based on common interests and mutual respect.

In September, the international coalition forces will end their combat mission against ISIS and leave Iraq permanently.” He added, “We look forward in the next phase to the American presence being through economic, investment, and development partnerships.”

He pointed out that "we want to move from the stage of military partnership to a sustainable economic partnership, and build an effective economic bridge between Iraq and the United States that achieves the interests of both peoples. We have directed the Ministries of Oil, Electricity and Communications to give priority to reputable American companies in the fields of energy, communications, technology and development," indicating that "the Ministerial Council for the Economy has taken important decisions related to major oil projects with international companies, including Chevron, Halliburton and HKN, in addition to giving them opportunities to work in new fields and exploration blocks."

He continued, “The telecommunications sector is moving towards a strategic partnership with Starlink, which will enhance the digital infrastructure in Iraq. We will discuss with the American side the Energy and Development Fund project, which will start from 500,000 barrels per day up to two million barrels per day, according to economic and production conditions, and perhaps outside the constraints of OPEC quotas.” He added, “Accounts will be opened for the fund in reputable American banking institutions, and its resources will be used in agreements with American companies, including electricity and infrastructure projects.”

He added that "the fund's financing could reach, over three decades, about $400 billion, with gradual growth linked to the performance of the projects and companies implementing them. Our goal is to rebuild the infrastructure that was damaged by investing these resources in development projects, and we are working to obtain a fair share for Iraq in oil production within OPEC in line with its capabilities."

He explained that "the current reality of Iraq is the result of accumulations that have extended over many decades. Since 1980, the country has entered a phase of great depletion, and huge resources have gone towards wars instead of construction and development."

He added that “because of the war of the 1980s, reconstruction projects stopped, infrastructure deteriorated, and Iraq was exposed to widespread destruction that affected infrastructure and the social system. It emerged from the war with losses, high debt, and economic decline. During the embargo period in the 1990s, Iraqi society was exposed to a deep humanitarian and economic crisis that affected various sectors.” He emphasized that “after 2003, Iraq faced the challenge of terrorism, and many Iraqi talents left the country.”

He pointed out that “Iraqis confronted ISIS in defense of their homeland, and at the same time they were fighting a battle to protect the security of the region and the world, with the support of the United States and friendly countries. Iraq was the first line of defense against terrorism, and the war against ISIS left behind great damage to infrastructure and huge economic losses,” indicating that “the United States is a strategic partner in Iraq’s development and economic plans.”

He pointed out that "the Arab Gulf states represent a historical, cultural and social depth for Iraq, and they are an element of strength. We believe in a policy of balance and openness with everyone. A strong state needs decisive decisions, and decisiveness is an essential part of a statesman's responsibility. Not being attached to the position gives the official strength to face challenges, and we are continuing to work to achieve our goals."

He continued, saying: “We held an in-depth dialogue with the armed factions, and we emphasized that the state is the unifying framework, and the presence of weapons outside its institutions cannot be accepted. The role of the factions in confronting terrorism cannot be denied, but the current stage requires everyone to move to working through the state and its institutions.” He explained: “I called on everyone to preserve their history and not allow their sacrifices to be lost, because our goal is to build a state and not just run a government.”

He explained: “We are working on preparing for an international conference entitled (The Sovereignty Conference), which affirms that the decision of Iraq is in the hands of the Iraqis, with an Iraq free of foreign forces and any armed formations outside the framework of the state,” adding that “as a result of the regional crises, Iraqi oil exports have declined to limited levels, and we are working to restore full export capacities.”

He explained: “We aspire to raise Iraq’s oil production to seven million barrels per day over the next three years, and we have informed American companies of this vision,” stressing that “our relationship with the Islamic Republic of Iran is based on good neighborliness, respect, and common interests, just as our relationship is with all countries in the region.”

He stressed that “Iraq does not accept dictates from any party, and the decision will always be in accordance with the interest of Iraqis first and foremost. Our direction is towards building a strong economic partnership with the United States based on the interest of Iraq, and not at the expense of any other party,” noting that “we do not follow a policy of axes or hostility, and Iraq wants to be an area of ​​communication and stability, not an arena of conflict.”

He noted that "Baghdad welcomes hosting any dialogue that contributes to calming the region, including talks between the United States and Iran. Investigations have not indicated any attacks launched from Iraqi territory towards Saudi Arabia, and we have issued clear directives to prevent any future transgressions."

He added, "Our goal is to protect Iraq and its people, and after September 30th, we will present to the citizens the results of the government's work and achievements, not promises.We look forward to completing the filling of vacancies in the government formation within two weeks," noting that "within the government's program, we are working to provide one million residential plots prepared for citizens."

He stressed that “there is an old economy that is trying to continue, and a modern economy that we are working to build. We are moving towards a productive and developed economy, and we are working to establish the Development Fund with the participation of the Central Bank of Iraq and national funds, while opening the door to public subscription and regional and international partnerships.” He pointed out that “the projects of the Development Fund will be financed according to the needs of the market, which will contribute to stimulating the economy and creating job opportunities.”

He explained: “We started confronting corruption through legal procedures, and we stopped a large part of the waste, and we recovered funds through official frameworks. Corruption in Iraq is a phenomenon that starts from small levels and extends through a system of bribery and favoritism, and addressing it requires comprehensive and continuous reform.” He emphasized that “we formed a central committee to review contracts that exceed 25 billion dinars in value, to audit them and ensure the integrity of their financial estimates, and to prevent exaggeration in estimated costs.”

He concluded that "the Cabinet approved referring a draft law to the House of Representatives to form a body for prior oversight and auditing in all ministries and state institutions, which will enhance transparency and governance procedures and raise the efficiency of public finance management."   link

Tishwash:  Three delegations from Kurdistan are heading to Baghdad to resolve financial and administrative issues.

Three high-level government delegations from the Kurdistan Region are scheduled to travel to the federal capital, Baghdad, early next week as part of their ongoing efforts to resolve a number of outstanding financial and administrative issues between Erbil and Baghdad, and to guarantee the constitutional rights of the region's citizens.

Kurdistan 24's correspondent in Baghdad reported that the first delegation, representing the financial side of the regional government, will hold an expanded meeting with the federal Ministry of Finance next Sunday.

The delegation will focus its discussions on reconsidering the mechanism for calculating non-oil revenues and demanding that Baghdad reduce the amount of 120 billion dinars deducted monthly, based on the technical reports approved by the Iraqi Financial Control Bureau, which clearly indicate a decrease in these revenues, which requires urgent action to ensure the continuity and smooth funding of the salaries of the region’s employees without any obstacles.

In a parallel track, on Sunday an official delegation from the Ministry of Martyrs and Anfal Affairs in the regional government will also head to Baghdad for a five-day visit. The delegation will hold a series of meetings with the General Authority for Political Prisoners in the federal government, aimed at signing an official agreement stipulating the equality and matching of salaries and entitlements of the families of martyrs and Anfal victims in the region with their counterparts in the center, in order to do justice to this sacrificing segment and increase their financial entitlements legally.

Regarding the regulation of trade and border crossings, a third technical delegation will head to the capital, Baghdad, next Monday, tasked with finalizing the technical procedures for implementing the global electronic system “ASYCUDA” for customs at the region’s border crossings.

Through this step, the delegation seeks to sign the final agreement to unify and coordinate customs fees and procedures between the region and the center in accordance with the latest applicable international standards.

Through this extensive diplomatic and administrative movement, the Kurdistan Regional Government affirms its full commitment to the path of constructive dialogue and legal solutions, in order to overcome all technical and financial obstacles in a way that serves the public interest and ensures the living stability of citizens.   link

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

Tishwash:  Why are investors hesitant? An expert reveals the obstacles hindering the investment boom in Iraq.

 Economic expert Saleh al-Khafaji asserted on Friday (June 26, 2026) that "several key factors are preventing Iraq from achieving a genuine leap in foreign investment, despite the availability of vast and diverse opportunities."

Speaking to Baghdad Today, al-Khafaji stated, "Iraq boasts promising investment opportunities across multiple sectors, not limited to the energy sector (oil and gas), but extending to housing, industry, and agriculture. Furthermore, its strategic geographic location could contribute to the development of industrial and pharmaceutical sectors capable of exporting to the Middle East."

He added, "While the initial foundations for attracting investment are present, several factors are discouraging many companies and investors from entering the Iraqi market. These include bureaucratic procedures, the pervasive corruption that hinders any progress in this direction, and the nature of the political disputes and problems that arise periodically."

Al-Khafaji pointed out that "capital needs a stable and calm environment with all the necessary support, especially regarding the banking infrastructure." He explained that "the banking environment in Iraq is still lagging behind other countries in terms of developing its operational mechanisms, which requires serious attention to this issue."

He clarified that "the factors for attracting investment and achieving a real leap in foreign investment are numerous and interconnected. Despite this, some companies and investors have taken the plunge and achieved successes, but these remain contingent on patience and navigating the existing complexities and problems."

Al-Khafaji emphasized that "the most significant obstacles to investment are corruption and the bureaucratic hurdles imposed by some corrupt individuals within institutions to extort money in exchange for granting approvals."

He noted that "many investors complain about these practices, which necessitates finding mechanisms to facilitate their work and send genuine reassurances."

The economic expert concluded by stressing that "the volume of foreign investment in Iraq is substantial, but more than 90% of it is concentrated in specific sectors, primarily the energy sector. This necessitates diversifying the investment environment and attracting capital to other sectors." link

Iraq Economic News and Points To Ponder Saturday Morning 6-27-26

USD/IQD Exchange Rates Stabilize In Baghdad, Surge In Erbil

2026-06-27   Shafaq News- Baghdad/ Erbil   The US dollar was steady in Baghdad and edged higher in Erbil on Saturday as trading resumed for the week, hovering around 157,000 Iraqi dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded at 156,850 dinars per 100 dollars in Baghdad's Al-Kifah and Al-Harithiya central exchanges, unchanged from Thursday's opening session.

In the Iraqi capital, exchange shops sold the dollar at 157,250 dinars and bought it at 156,250 dinars.

In Erbil, the dollar advanced, with selling prices reaching 156,900 dinars per 100 dollars and buying prices at 156,800 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-exchange-rates-stabilize-in-Baghdad-surge-in-Erbil-7

Basrah Crudes Jump 17%+ For The Week

2026-06-27 Shafaq News- Basrah   Basrah Heavy and Basrah Medium crude posted weekly gains of more than 17%, outperforming global oil benchmarks, which ended the week lower.

Basrah Heavy rose $1.76, or 2.97%, in the final trading session to settle at $61.05 a barrel, bringing its weekly gain to $10.57, or 17.3%. Basrah Medium also climbed $1.76, or 2.87%, to $63.15 a barrel, recording a weekly gain of $10.57, or 20.1%.

Meanwhile, Brent settled at $71.96 a barrel, down $3.30, or 4.38%, while US West Texas Intermediate fell $2.77, or 3.85%, to $69.12 a barrel. https://www.shafaq.com/en/Economy/Basrah-crudes-jump-17-for-the-week

Europe Gas Prices Edge Higher After Hormuz Tensions

2026-06-27 Shafaq News- Tehran/ Washington   European natural gas prices climbed on Saturday after renewed US-Iran security tensions in the Strait of Hormuz, through which about 20% of global energy supplies pass, and an attack on a commercial vessel.

Benchmark gas futures rose 1.6% after declining in the previous two trading sessions. Although prices have traded within a narrow range this week, they remain more than 25% above pre-war levels.

Empty liquefied natural gas (LNG) carriers were seen waiting near Qatar's main export terminal in the Gulf, preparing to load new cargoes. At the same time, rising summer demand for cooling in Europe and Asia is expected to intensify competition for seaborne LNG shipments, potentially forcing European buyers to continue paying a premium to secure sufficient supplies.

European gas storage facilities are currently just over 47% full, remaining below the seasonal average.

Read more: Iran is losing the war, the US is losing the endgame

https://www.shafaq.com/en/Economy/Europe-gas-prices-edge-higher-after-Hormuz-tensions

Iraq Targets 7M Bpd Oil Output In Three Years

2026-06-27 Shafaq News- Baghdad   Iraq aims to raise its crude oil production to 7 million barrels per day (bpd) within the next three years, Prime Minister Ali al-Zaidi said on Saturday,

Speaking to Sky News, the PM noted that Baghdad has already presented the production target to US energy companies as it seeks greater investment in Iraq's upstream oil sector.

Last week, Iraq pushed to expand production capacity while pressing for greater flexibility under OPEC output quotas. Baghdad, the organization's second-largest producer after Saudi Arabia, has repeatedly argued that its production limits do not reflect its growing capacity or long-term development plans.

Al-Zaidi did not address Iraq's future membership in OPEC directly, days after speculation over a possible withdrawal was dismissed by the Oil Ministry. Instead, he emphasized the government's commitment to expanding oil production through international partnerships and investment.

The target would represent an increase of roughly 55–65% from Iraq's current production levels of about 4.2–4.5 million bpd, which fell to about 1.3 million bpd during the Hormuz closure before recovering.

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

https://www.shafaq.com/en/Economy/Iraqi-targets-7M-bpd-oil-output-in-three-years

Gold Gains In Baghdad And Erbil

2026-06-27 Shafaq News- Baghdad/ Erbil   On Saturday, gold prices hovered around 900,000 IQD per mithqal in Baghdad and Erbil markets, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 898,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 894,000 IQD. The same gold had sold for 880,000 IQD on Thursday.

The selling price for 21-carat Iraqi gold stood at 868,000 IQD, while the buying price reached 864,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 890,000 and 900,000 IQD, while Iraqi gold sold for between 870,000 and 880,000 IQD.

In Erbil, 22-carat gold was sold at 956,000 IQD per mithqal, 21-carat gold at 912,000 IQD, and 18-carat gold at 782,000 IQD.

https://www.shafaq.com/en/Economy/Gold-gains-in-Baghdad-and-Erbil

Former Iraqi PM Warns Against OPEC Exit

2026-06-27 Shafaq News- Baghdad    Former Iraqi Prime Minister Adel Abdul Mahdi on Saturday warned against any move to withdraw from OPEC, urging Baghdad instead to seek a larger oil production quota within the organization to strengthen its position in global energy markets.

OPEC was born in Iraq to regulate markets, promote fair competition, and protect the interests of both producers and consumers, Abdul Mahdi said, adding, "Let us secure our rights by strengthening the organization, not burying it."

He argued that leaving OPEC would ultimately harm Iraq despite allowing higher oil output. "We would produce more, others would follow, the market would become oversupplied, and prices and revenues would fall."

Last week, Oil Ministry spokesman Salim al-Rikabi and government sources suggestedIraq could reconsider its membership unless its production quota is raised to match its export capacity and fiscal needs. The Oil Ministry later dismissed reports of a possible withdrawal, reaffirming Iraq's commitment to OPEC and denying any intention to leave the organization.

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

https://www.shafaq.com/en/Economy/Former-Iraqi-PM-warns-against-OPEC-exit

Seeds of Wisdom RV and Economics Updates Saturday Morning 6-27-26

Good Morning Dinar Recaps,

US-Iran Ceasefire Under Pressure as Hormuz Strikes Threaten Peace Agreement

Fresh military exchanges between the United States and Iran have placed the recently signed Memorandum of Understanding (MoU) under renewed strain, raising concerns that the fragile 60-day peace process could unravel before a permanent agreement is reached.

Overview

• New military strikes between the U.S. and Iran have raised questions about the durability of the 60-day peace framework.

• Control of the Strait of Hormuz remains the central point of contention as both sides seek strategic leverage.

• Analysts warn that continued escalation could jeopardize negotiations aimed at restoring long-term regional stability.

Key Developments

1. Military Exchanges Test the Ceasefire

The U.S. military said it carried out strikes against Iranian missile, drone, and radar facilities after a commercial vessel in the Strait of Hormuz was reportedly attacked. Washington argued the strikes were intended to protect international shipping and enforce freedom of navigation.

Iran rejected the U.S. justification, calling the attacks a violation of the Memorandum of Understanding and responded with retaliatory strikes against U.S. military positions in the region. Bahrain also reported an alleged Iranian drone incident, highlighting the widening regional tensions.

2. Strait of Hormuz Remains the Key Dispute

At the center of the disagreement is control over the Strait of Hormuz, one of the world's most critical energy shipping lanes.

Iran maintains that, as a coastal state, it has sovereign rights over navigation management and has sought a greater role in regulating commercial traffic. The United States insists the waterway must remain open under international law without tolls or restrictions.

Although the interim agreement temporarily guarantees free commercial passage during the 60-day negotiation period, both sides continue to disagree over what long-term arrangements should look like.

3. Negotiations Continue Despite Rising Risks

The preliminary agreement signed earlier this month established a 60-day window for negotiators to pursue a broader peace settlement covering:

• Regional security

• Maritime navigation

• Nuclear oversight

• Long-term sanctions relief

Despite the latest military confrontation, officials from both governments have indicated they intend to continue negotiations, while mediators from Qatar and Pakistan remain engaged in facilitating dialogue.

Analysts caution, however, that additional military incidents could quickly overwhelm diplomatic progress.

4. Why the MoU Faces Growing Pressure

Several analysts believe the agreement remains highly fragile.

Some point to disagreements over enforcement of maritime security provisions, while others note continuing tensions involving Israel, Lebanon, and Hezbollah complicate the broader regional environment.

Although communication channels established during the Switzerland talks remain open, both Washington and Tehran continue to accuse each other of violating the spirit of the agreement.

Why It Matters

The current confrontation demonstrates how difficult it will be to transform a temporary ceasefire into a lasting diplomatic settlement. Even isolated military incidents now carry the potential to disrupt negotiations, impact global energy markets, and increase geopolitical uncertainty.

Why It Matters to Foreign Currency Holders

Regional stability directly affects global financial markets. Progress toward a durable U.S.-Iran agreement could reduce geopolitical risk, stabilize oil markets, improve investor confidence, and support broader international financial reforms that many global currency observers continue to monitor.

Implications for the Global Reset

• Pillar 1 – Energy

The Strait of Hormuz remains one of the world's most important energy corridors. Any disruption influences global oil prices, inflation, shipping costs, and economic stability.

• Pillar 2 – Trade

Secure maritime trade routes are essential to global commerce. Continued instability could accelerate efforts to diversify supply chains and strengthen alternative trade corridors.

Closing Thoughts

While diplomacy remains active, the latest exchange of strikes illustrates just how fragile the current peace process remains. The coming weeks will likely determine whether the interim agreement evolves into a broader regional settlement—or whether renewed military escalation derails negotiations before a permanent accord can be reached.

This is not just about a ceasefire—it reflects the ongoing struggle to reshape security, energy flows, and international trade across one of the world's most strategically important regions.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Al Jazeera — US-Iran trade strikes: What to know, will it unravel the MoU?

• Reuters — Middle East coverage and Strait of Hormuz developments

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🌱 A Message to Our Currency Holders🌱

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

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

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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

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Thank you Dinar Recaps

FRANK26…6-26-26….FOREX FOR YOU

KTFA

Friday Night Video

FRANK26…6-26-26….FOREX FOR YOU

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=2hGm6TMOCd8

The Dollar Handshake By Reset Intelligence

The Dollar Handshake

By Reset Intelligence | @EXIT_FIAT

On Wednesday, two things happened on opposite sides of the world, and the headlines filed them on separate pages.

In Baghdad, Iraq’s new central bank governor shook the hand of Washington’s top diplomat. In Washington, the same day, the US Treasury Secretary named the dollar as the door every sanctioned nation has to walk back through.

What actually happened

The new governor of the Central Bank of Iraq, Nizar Nasser Hussein, received the senior US diplomat in the country, Charge d’Affaires Joshua Harris. The bank put the meeting at the top of its own news page. They discussed aligning Iraq’s external transfers and dollar sales to international standards – the exact files a country works through when it wants its banks back onto the global dollar system.

Hours away, on CNBC, Treasury Secretary Scott Bessent read out the list. Venezuela is coming back to invoice in dollars. Iran will do the same. Russia, he said, will want back in once the war in Ukraine ends. For years the story was that the world was leaving the dollar. He said the opposite, on camera.

And Baghdad spent the same week cleaning house in public.

• The handshake – CBI Governor Nizar Nasser Hussein met US Charge d’Affaires Joshua Harris, June 24.
• The declaration – Bessent: Venezuela and Iran to invoice in dollars, Russia to follow.
• The cleanup – the Jumaili oil-ministry corruption case has passed $106 million, and a former provincial governor has been arrested.
• The deadline – Iraq’s ASYCUDA customs verification turns mandatory July 10.
• The oil – West Texas crude near $69 as the Strait of Hormuz reopens.

That is the short version. The moves are public. The part we do every single day is connect how they fit together – and what they mean for the dinar in your drawer.

The dollar is not being abandoned. It is being rebuilt, one sanctioned nation at a time. The people who position before the announcement end up on a different side of the line than the ones who wait for the news.

Read the full daily briefing free for 5 days. Sign up here: resetintelligence.com

If you want the deeper backstory, the book that mapped this two years before Treasury named it is Head of the Snake, and the free guides and scenario reports are in the Resources library.

https://dinarchronicles.com/2026/06/25/reset-intelligence-the-dollar-handshake/

IQD Adjustment vs. Islamic Banking vs Western Banking

IQD Adjustment vs. Islamic Banking vs Western Banking

Edu Matrix:  6-25-2026

IQD Islamic Banking vs Western Banking vs IQD Adjustment: Western and Islamic Banking compared, and how this could affect the IQD currency adjustment.

In the evolving landscape of global finance, few regions present as complex a picture as the Middle East, particularly Iraq. In a recent informative video from the Edu Matrix YouTube channel, host Sandy Ingram delves into the sophisticated dual banking architecture of Iraq. Contrary to the common perception of a singular financial approach, Iraq’s Central Bank operates both Western and Islamic banking systems simultaneously.

This nuanced strategy is not unique to Iraq—as it is also seen in Malaysia, the UAE, Saudi Arabia, and Qatar—but it plays a pivotal role in the ongoing discussions surrounding the Iraqi Dinar (IQD) and the nation’s broader economic reforms.

The fundamental distinction between Western and Islamic banking lies in their underlying philosophy regarding capital and risk. In the Western model, income is primarily generated through interest on loans. This is a globally recognized standard where money is treated as a commodity that can be lent at a price (the interest rate).

Conversely, Islamic banking operates under the principles of Sharia law, where interest—referred to as Riba—is strictly prohibited. From an Islamic perspective, charging interest is viewed as exploitative. Instead of traditional lending, Islamic banks utilize profit-sharing models. In these arrangements, the bank and the customer share both the risks and the rewards of a venture. This model creates a higher level of institutional responsibility, as the bank’s success is directly tied to the financial growth and stability of the client.

Beyond the concept of interest, the structural differences in how these institutions handle credit are significant. Western banks typically provide capital that must be repaid with interest over a set period. In contrast, Islamic banks prefer asset-based financing, leasing, or “profit-mark-up” sales.

In an asset-based transaction, the bank might purchase the equipment or property the customer needs and then sell it back to them at a higher price or lease it to them. This provides the bank with more direct control and oversight over the underlying assets, leading to a different power dynamic than that found in Western institutions. This emphasis on tangible assets ensures that the financial system remains anchored to the real economy rather than just speculative debt.

One of the most critical takeaways from Sandy Ingram’s analysis involves the concept of speculation, known as Gharar in Islamic finance. While Western banking allows for varying degrees of speculation, Islamic banking heavily restricts or prohibits activities involving excessive uncertainty or gambling-like risks.

This distinction has profound implications for the Iraqi Dinar. While Iraq maintains an active stock market, its stance on Forex trading remains cautious due to the speculative nature of currency fluctuations. This cultural and religious aversion to “excessive uncertainty” might explain why the IQD is often viewed as a “closed currency.” If Iraq continues to prioritize financial stability through an Islamic lens, the IQD may remain restricted to internal use for a longer period, with the Central Bank taking a very measured approach to currency liberalization and international trading.

Sandy Ingram also highlights that this trend toward varied banking models is not limited to the Middle East. Countries like Georgia are also exploring mixed banking systems and digital currency initiatives, reflecting a global movement toward financial diversity. For those observing the Iraqi economy, understanding these cultural and religious nuances is essential.

The takeaway for anyone following Iraq’s financial journey is that the country’s banking reforms are not just about modernizing technology, but about balancing Western economic standards with deeply rooted Islamic ethical frameworks. This dual-system approach suggests that any adjustment to the Iraqi Dinar will likely be a cautious, calculated move designed to protect the nation’s financial integrity while adhering to its moral values.

https://www.youtube.com/watch?v=4p9-Emf1LPE