Will Iraqi Citizens become Rich After the IQD Revalues?

Will Iraqi Citizens become Rich After the IQD Revalues?

The Dinar Den:  7-31-2026

For years, the global financial community and currency enthusiasts have closely monitored the developments surrounding the Iraqi dinar. Discussions regarding a potential revaluation (RV) of the currency frequently spark intense debate and speculation.

 In a recent video from the popular YouTube channel The Dinar Den, Stephen—an experienced entrepreneur and long-time investor in the Iraqi dinar—provides a grounded, analytical perspective on this complex topic. He addresses one of the most common misconceptions in the space: the belief that a currency revaluation would instantly transform every citizen within Iraq into an overnight millionaire.

To understand the true dynamics of a potential revaluation, Stephen highlights a crucial distinction between the experiences of foreign currency holders and domestic citizens living in Iraq.

 For foreign investors, a positive shift in the exchange rate represents a direct arbitrage or conversion opportunity. If the dinar strengthens against foreign currencies like the U.S. dollar, those holding physical dinars outside of Iraq could potentially realize significant returns upon exchange.

However, this external investment dynamic does not translate into a sudden, magical multiplication of personal wealth for the local population living and working within Iraq’s borders.

The core of this distinction lies in the difference between nominal wealth and real wealth. Stephen explains that while a currency’s face value or exchange rate may shift, domestic economies operate on a system of balanced variables.

If a currency undergoes a revaluation, local economic factors—such as wages, consumer prices, utility costs, and outstanding contracts—gradually adjust to reflect the new monetary landscape. These inflationary and structural market adjustments prevent local citizens from experiencing a sudden, disproportionate spike in their nominal bank balances, ensuring the domestic economy remains balanced rather than chaotic.

Instead of creating instant millionaires, the real benefit of an Iraqi dinar revaluation for the people of Iraq lies in the stabilization of the country’s macroeconomic environment.

 A stronger domestic currency fundamentally enhances local purchasing power, particularly regarding imported goods. Because Iraq relies heavily on foreign imports for various commodities and everyday products, a higher-valued dinar means these goods become significantly cheaper to acquire.

This shift helps curb domestic inflation, lowers the overall cost of living, and provides a more predictable, stable environment for local businesses and everyday consumers.

Ultimately, Stephen emphasizes that sustainable, long-term wealth—both for individuals and nations—is shaped by tangible economic foundations rather than currency valuation alone. True economic prosperity is driven by productivity, industrial output, infrastructure development, asset ownership, and manageable living costs.

A currency’s exchange rate is merely a reflection of these underlying realities, not a magic wand for wealth creation.

https://www.youtube.com/watch?v=CMt3_vn4W6Y

Something BIG Just TERRIFIED The Fed | Bill Holter & David Morgan

Something BIG Just TERRIFIED The Fed | Bill Holter & David Morgan

Capital Cosm:  7-30-2026

CHAPTERS:

00:00 – Introduction and Guest Welcome

01:20 – Fed Interest Rate Decision and Market Reaction

02:17 – Bill Holter on the Looming Credit Market "Crackup"

05:43 – Global Market Contagion: South Korea's KOSPI Crash

09:29 – Analysis of the Fed's Economic Stance and Inflation Goals

10:33 – Market Index Volatility: NASDAQ vs. Dow Jones

12:01 – Precious Metals: Gold and Silver as Safe Havens

13:09 – The "Rotation" into Gold: Central Banks and Institutions

15:34 – The Math of Debt: GDP vs. Debt Creation

17:30 – Oil Prices and Their Impact on Gold and Mining

20:11 – Sponsor Break: Capitalist Exploits Insider

21:28 – The Inevitable Loss of Fiat Purchasing Power

22:49 – Inflation Predictions and Real Asset Value

24:14 – Correction: Clarifying the KOSPI Market Drop

25:49 – Sentiment Analysis: The Case for Gold in Today's Market

27:30 – Strategic Allocations: Cash, Metals, and Miners

31:10 – Inflation vs. Deflation: Preparing for Both

33:07 – The US Dollar Index (DXY) and Global Liquidity

35:30 – Analyzing M2 Money Supply and Debt Servicing

37:41 – Final Thoughts: Accountability and Systemic Trust

40:10 – Closing Remarks and Outro

https://www.youtube.com/watch?v=855MvNV-R_U

Bruce’s Big Call Dinar Intel Thursday Night 7-30-26

Bruce’s Big Call Dinar Intel Thursday Night 7-30-26 

Transcribed By WiserNow Emailed To Recaps   (INTEL ONLY)

Welcome everybody to the big call tonight. It is Thursday, July 30th, and you're listening to the big call. Thanks everybody for tuning in again.

We're back, and I want to welcome everybody. Anybody that might be new, go to have some new people on the big call. You never know, but I know there's people that have been here for 15 years, like me. So I'm  glad to say that's the case for some people. All right.

Med Beds are going to be great – they are going to be super – they will change a lot of lives – Its been hidden – don’t get me started – you don’t want to know what I think  - All I can tell you is – the Med Beds are real – they are there – they are ready – we know about them – I could write a book about them  - I  could – they are there they are ready -  but we’ve got to get in the redemption center first

But I am looking forward to  us and everybody that needs to  get into that med bed and get restored. All right. That's a little med bed commercial. I wasn't going to do. It's a holographic medical bed. Is how  it's termed. All right. So let's talk about where we are on the Intel segment right now.

I was told yesterday that tonight would be my last call, my last big call, my last public big call. Have I heard that before??  Yes maybe a half dozen times -

And look, I want it to be.

Other than the fact that we don't have numbers yet, other than the fact that we don't have a celebration call yet, which I'd like to do, even if it's only recorded and we have it as a recorded link for you.   I'd like to do that.

If we had had numbers today, I would have been able to put them out on tonight's call, which would have been great for everybody.

Well, here's the number. Okay, Bruce sent it on the call. He's got it on the website on BigCallUniverse.com.  You know, whatever, right? In the email that big call universe sending out.

I'm looking forward to that. So I'm hoping that this is the last public big call.

I can't say that it is, but I can tell you where we where they say we are in terms of this timing. I told you guys I get real antsy when we get toward the end of the month, thinking, "Well, you know what? They might just started august 1.

And what I'm hearing tonight is that we should, we could have been notified today or tomorrow, and started exchanges Friday or Saturday. Now we've got to take the today out. Thursday's gone, and we have to look at Friday. Is Friday in play?

Yes. Is Friday in play for notifications with exchanges to start Saturday?  Yes,

The weekend is definitely in play. The weekend we're hearing from several sources is going to be the kickoff, the beginning, and I believe they're thinking in terms of Saturday, now if we do start Saturday, they'll stay open Sunday. Redemption centers will be open.

If we start Saturday, we'll go right through Saturday, Sunday, Monday, Tuesday. And my my latest information is, it will go for 21 days or three weeks when we start, when we start. So let's say we start on august 1, which is Saturday. If that was the  day of our start, we could go three months,  (WEEKS) all the way to August 20/20 or 21st.

And my theory that came to us.What I guess it was Tuesday was that the banks would start somewhere in the vicinity of August 20th or 21st.

I can't confirm that that's the case. Can't confirm it for tonight's call.

It may be or it may not be. But I can tell you, it makes some sense. If anything in this whole thing makes some sense, what makes sense is that the redemption centers would go first.

Number one, they're  the only way to redeem your Zim is through redemption centers.

Number two, it's the highest available rates.

I mean, especially on the dinar, as you guys know, there's no contract rate on the dinar except at the redemption center, and you know, it you'd be foolish not to call an 800 number to set an appointment to do it. Now, certain people have pushed banks. They've pushed it. Banks, no banks, only banks, banks, banks, banks. Forget that.

And I know I've talked about redemption centers because that's what we're being told by Wells Fargo and some of the other major banks.

Wells Fargo is in charge of the redemption centers in the United States.

HSBC and RBC, which is Scotia Bank that owns RBC Bank, are the main banks in Canada, but we they do have redemption centers in Canada.

They do. They don't have anywhere near as many as we do, but they don't have as many people as we do either.

The population of Canada, most of the population is within 100 miles of our northern border. It's Canada, most, and it equals-it's approximately equal to the population of California.

So, you know, Canada's cool. They just need to kind of get their act together.

They've done some things that are a little bit nutsy right now. Hopefully, those wildfires up there are being handled and are going out. Hopefully, it's got rain, put all those wildfires out.

So, let's see what else.

So that puts us in play for the weekend, and we'll define that as numbers, possibly Friday, if not Saturday, and exchanges starting most likely. If it's Friday, we'd start  on the first, which is Saturday for lunch, and then we go right through that.

Now, today, from what we've heard, redemption centers. There were only three currencies on the screens. That's as that's of 51 currencies that will be on the redemption center screens. 51 today. Three of those currencies were up with solid rates, Iraqi Dinar, Vietnamese Dong, and Indonesian rupiah.

Those were the three. Cool. I don't have the rates. I don't need no stinking rates. You know why?

Because we know that the Dinar for us that go to the redemption centers will  be offered as a contract rate, which is very high, very high.

The ZIM, which is being redeemed like a bearer bond, is one to one to the U.S. dollar, and our U.S.N. dollar, our new dollar, U.S.N. You think of U.S.N. is new, new dollar. Our new U.S.N. will be available for us when we go in on day one for our exchanges and redemption of Zim, so we should have that. It should be out. It's in the banks already. It's just not on the in the teller drawers.

That's an easy switch. That's an easy fix. We're hearing that our current fiat dollar, backed by only the full faith and credit of the United States, that fiat dollar that we have now will be available to use in the United States until about November 15, plus or minus about November 15.

But the new dollar, our U.S. N, will be introduced to from the banks and at the redemption centers for us. I told you it's already strapped, probably in either 500 or $1,000 increments, and they want us to take no more than about three grand, 3500, in the new USTN United States Treasury notes, because remember, there's no more Federal Reserve note on the new money, Treasury, U.S. Treasury notes.

So we'll have that as cash, which we can take or not take.

Now it's not free; it comes off your exchange total, but it's only got about three grand that we are. They don't want us to take a ton of cash, so that in case something happened and we could get jacked up, you know, on the way home, something like that. So just a little bit, or take none, none of it. I'm going to take a couple of grand, two or three grand probably.

So there's that.

Trying to think if there's anything. See, this is a real short Intel segment because that's really what we want to get out there.

I think that we will get numbers and call and set appointments for like the next day, and it makes sense that they want everybody to use the 800 number and call and set appointments because they want to see who we are when we show up.

Are we on the good side or are we on the bad side?

Let's see. They want to tell you know, make sure that we're doing the right thing, that we're doing good things with the money, that all of that. One other thing, NDAs.

Here's the latest I've got on NDAs at the Redemption Center.

If you have 10 or more notes.

Let's say you've got a 25,000 dinar note, and you have 10 of those. That would be what 250,000 dinar at whatever rate. Okay, which I already know what the rate is. And or let's say you've got 5  25k notes and you've got five 200,000 dong notes. Okay, so let's say you had 10 notes or more, and a lot of us have a lot more.

10 or more puts you into where you're signing an NDA. 10 or more notes, if you Have Zim because of the amount of the denominations of Zim-50 billion, you know, 10 trillion, 50 trillion, 100 trillion, whatever you've got in Zim-that's a lot of Gitas right there, and that turns into an NDA automatically, okay.

But if you're a ZIM holder and you have dire need, you go to the head of the phone to the company.

You let them know that you have dire need and tell them what it is. They'll enter it in on their on their laptop. So get a few key services, and you'll be able to get an appointment a little sooner than a lot of people because we are considered sovereigns -- They want us to be around a long time to see these projects through.  100  200 300 years - We can easily live that long - easily.

How old was Methuselah, 972 years or something like that. I don't know that we want to live that long, right? But you know, I don't think we want to live that long or not. But it's out there. Noah live 930 years.  

Um, so I just think we can we can live these new lives, and we can enjoy them and do the right thing with this money. All right, one other thing about money: a lot of people are thinking, well, when I get all this money, I'm going to invest in this and that and the other and buy gold mines and do this well. You know what? Okay, if that's what you want to do, I don't plan to do that.

I know that the banks are going to offer us over 8% interest per year.

You realize what 8% is on $10 billion?

800,000. 800 million. Hello, $800 million a year.

If you take it quarterly, that's 200 million a quarter.

That's a pretty big nut to get rid of.

200 mil a quarter to sell to to invest into people's lives, to give to certain causes, to build out projects. I mean, I'm not saying that's you know it's not chump change.

That's only based on 10 billion with a B.

What about trillion? What about quadrillion?

You know, or even higher, and this is where you're going to move money from your quantum account into your primary bank account or secondary or tertiary banks. You'd have like three banks connected to your quantum card.

So far, that's what I've heard. Three banks, and I'm going to start with one. Start with one, and then see what happens after that.

And even if it's over eight, like eight and a quarter, eight and a half, 875, 8.75% I'm going to stick with 8% They offer me that, I'll go with 88888. is good.

Eight is good. 2% a quarter. Boom, on whatever money's in your primary and secondary bank accounts, you know, and then that way you got you've got a goal. Basically, you have a goal to try to spend. I'm saying you should try to spend or set or invest it in people's lives in projects.

I'm looking forward to this. I'm really kind of jacked up about rebuild America and sports venues and music venues, art and art music, and how that's going to work and helping. You know, kids don't get art and music in school, right? They dropped all that. They stopped all that sometimes.

They don't even get PE. They don't even get recess for PE anymore.

No, we we got to get people like Sue. We got to get them fit. We got to get them walking. We got to get them dancing. We got to get them enjoying music, live venues, live music, all of that. There's so much we're going to do, and we'll do it all throughout the U.S. and maybe in other parts of the world too.

We'll see what happens. But I'm excited about that. I'm excited about using my creativity, your creativity, our creativity, to create something new, something different, omnivorous.

Yeah, man, that's it. That's what we're looking to do, and we'll make some definite improvements. We'll make some changes.

I'm not saying it's going to be a perfect world, you guys. I don't believe that's going to happen. However, can we do? Can we help people that that have been less fortunate?   Sure.

That's why we're. That's why we, that's why we're doing this call. That's why we got the zim. That's why we're doing this to uplevel the the humanity, to uplevel the playing field, level it out, and it's going to be terrific.

And I'm looking forward to a new start, and I'm looking forward to playing Sue and beating her on the tennis court.

She's still not going to happen.

Oh, listen to you, or as they say, oh, listen at you, oh, listen at you, Sue. Sue might be a she might be a real force. I know she can move pretty quickly, but I don't know if she's going to be able to beat the broom man. I don't know.

We'll see. Yeah, it'd be fun. It'd be fun too. It'd really be fun. Bob and I teeing it up, playing a little golf.

I tell you what, you guys. I hope everybody's ready. If you're not ready, you need to get ready.

Otherwise, I think this tomorrow is questionable.
Will we get notified tomorrow, or is the first of August August already August Saturday?

Both appear to be in play right now, as of now.

From the people that we're talking to, we'll see.

Keep an eye out for your emails, and we'll send them out. We'll send our own email out from Big Call Universe. We'll send that out, and we'll have it on the website, BigCallUniverse.com. And we will be emailing you. But in the future, with Rebuild America And rebuild international and veterans retreat network and pastoral retreats. You know what we're doing with that. We'll let you know in an email to you, and probably with a podcast link in the email.

Might have a little copy, maybe a little copy, then plus the link. Click on, so you can hear my voice again, as if you're not tired of hearing it for 15 years.

But you know we're going to have a good time, you guys. I hope I hope I can get 5,000 or more volunteers to help me with rebuild America, basically finding the areas that used to help, that maybe had an industry that went out, maybe they used to manufacture something and now it's dead. There's nothing in the town. Even the video stores close. All they've got is a bank, maybe a drugstore, and maybe they've got a restaurant.

You know we want to revitalize America too, to revitalize this country and give everybody a purpose wherever they live.

So that's my segment for tonight. Sue, Bob, thank you, Bob, so much for everything that you're doing to keep us healthy.

Sue, thank you for everything that you're doing. Keep us informed on metacognition, meta sciences, and everything else that you're doing.

Metanoia, and I just appreciate everybody. Big call universe, 15 years with you, thank you.

Remember, I plan to do some regional get-togethers for some people that want to help on Rebuild America, and maybe a regional get-together where it makes sense for Rebuild International.

Yeah, especially if you're a Spanish speaker or you speak a few languages, it's going to be helpful for Rebuild International.

And oh gosh, you guys realize how bad shape Venezuela is in from the from the earthquakes down there.

They're in sad shape, and and maybe it's just money we can send, but we've got to do it right. We've got to do it right. I mean, I don't plan on going down there and pulling out, you know, stacking rubble and everything around and move that. But you know, we can help them.

And maybe they just need some heavy equipment. Maybe they need money. You know they need money, but you know we'll try to do it the right way.

We're not just going to throw money at a problem and look the other way. We want to try to help.

Cuba evidently is coming along nicely, from what I understand. Iran is pretty much done, from what I understand. President Trump did send them a message saying to the citizens of Iran, "We have your back. We're going to help you rebuild.

I think the whole Middle East is actually going to pitch in and help rebuild Iran, and hopefully, we can create or get a new form of government created down there. I really hope so. So anyway, I'm going on and on.

Thank you guys, everybody. Big call universe for listening. Thank you, Sue and Bob, everybody, GCK, GD, Pastor Scott, be healed in Jesus' name.

Everybody, hang in there, and let's see what happens. You know, we'll see if we have a call Tuesday or not.

If we get these numbers, I may do a call. I may not. We'll see. I may do a recorded call and just make sure everybody has the numbers.

Okay. So everybody have a great weekend. Let's look for the numbers either tomorrow or Saturday. What we're hearing. So let's see what happens. All right. So God bless you. Let's let's pray the call out.

Well, good night, everybody. Let's see what happens over this weekend

Bruce’s Big Call Dinar Intel Thursday Night 7-23-26   REPLAY LINK    Intel Begins   1:08:45

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Bruce’s Big Call Dinar Intel Tuesday Night 7-28-26   REPLAY LINK     Intel Begins   1:34:24

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Bruce’s Big Call Dinar Intel Thursday Night 7-23-26  REPLAY LINK    Intel Begins   1:27:10

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Bruce’s Big Call Dinar Intel Tuesday Night 7-21-26   REPLAY LINK     Intel Begins   1:30:35

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Bruce’s Big Call Dinar Intel Thursday Night 7-16-26   REPLAY LINK    Intel Begins   1:14:00

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Bruce’s Big Call Dinar Intel Tuesday Night 7-7-26   REPLAY LINK     Intel Begins   1:03:15

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Bruce’s Big Call Dinar Intel Thursday Night 7-9-26 REPLAY LINK Intel Begins   1:10:20

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Bruce’s Big Call Dinar Intel Tuesday Night 7-7-26  REPLAY LINK     Intel Begins   1:19:00

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Bruce’s Big Call Dinar Intel Thursday Night 7-2-26 REPLAY LINK     Intel Begins   1:14:14

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Bruce’s Big Call Dinar Intel Tuesday Night 6-30-26  REPLAY LINK     Intel Begins   1:13:15

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Seeds of Wisdom RV and Economics Updates Friday Afternoon 7-31-26

Good Afternoon Dinar Recaps,

Federal Reserve Divided as Inflation Concerns Keep Rate Hikes on the Table

Persistent inflation, rising Treasury yields, and growing divisions within the Federal Reserve are increasing uncertainty over the direction of U.S. monetary policy. While interest rates were left unchanged, several Fed officials are openly calling for tighter policy, signaling that future rate hikes remain a real possibility with significant implications for global markets.

Overview

• Federal Reserve officials remain divided over whether inflation has been sufficiently contained, despite leaving interest rates unchanged at the latest meeting.

• Treasury yields have climbed as investors increasingly price in the possibility of another rate hike later this year.

• Higher borrowing costs could ripple through mortgages, consumer loans, business investment, global capital flows, and debt markets.

Key Developments

1. Fed Holds Rates but Internal Division Becomes More Visible

The Federal Reserve maintained its benchmark interest rate at 3.50%–3.75%, but the decision revealed an unusually public disagreement among policymakers. Several officials argued that inflation remains too persistent and that additional tightening may still be necessary to restore price stability.

Rather than signaling a clear path forward, the meeting left investors with greater uncertainty regarding the timing of future policy decisions.

2. Multiple Officials Continue Pressing for a Rate Hike

Three Federal Open Market Committee members reportedly favored an immediate 25-basis-point increase, arguing that inflation remains above the Fed's long-term 2% target.

Although the majority preferred to wait for additional economic data, the growing number of dissenting voices suggests that the debate inside the Federal Reserve is shifting toward maintaining a restrictive policy stance longer than many markets previously expected.

3. Treasury Yields Rise as Markets Reprice Interest Rate Expectations

Following the Fed meeting and comments from several policymakers, U.S. Treasury yields moved higher, particularly on shorter-term securities that are more sensitive to monetary policy.

Higher Treasury yields generally translate into increased borrowing costs throughout the economy, affecting:

• Mortgage rates

• Auto loans

• Credit card interest

• Business financing

• Government borrowing costs

The movement also tends to strengthen the U.S. dollar while placing pressure on interest-sensitive assets such as gold, cryptocurrencies, and portions of the stock market.

4. Investors Now Focus on Upcoming Inflation and Employment Data

Markets are now closely watching future inflation reports, employment data, consumer spending, and energy prices to determine whether additional rate hikes become necessary.

While current expectations still lean toward rates remaining unchanged at the next meeting, analysts acknowledge that persistent inflation or stronger-than-expected economic growth could quickly shift expectations toward renewed tightening later this year.

Why It Matters

Monetary policy remains one of the most powerful forces shaping the global financial system. Every interest rate decision influences borrowing costs, investment flows, government debt servicing, currency values, and international capital markets.

For households, prolonged higher rates can make buying homes, financing vehicles, carrying credit card balances, and obtaining business loans significantly more expensive. For investors, uncertainty over future Fed policy often creates heightened volatility across financial markets.

Why It Matters to Foreign Currency Holders

Those following potential currency revaluations continue to watch Federal Reserve policy closely because U.S. interest rates influence global liquidity, dollar demand, sovereign debt costs, and international capital flows. While interest rate decisions alone do not trigger currency revaluations, they remain an important component of the broader global monetary landscape.

Implications for the Global Reset

• Pillar 1: Debt

Higher interest rates increase borrowing costs for governments, businesses, and consumers while making it more expensive to refinance existing debt. Rising debt-service costs continue to pressure highly leveraged economies worldwide.

• Pillar 3: Assets

Interest rate expectations directly influence capital flows into the U.S. dollar, Treasury securities, gold, equities, and digital assets. Continued policy uncertainty may contribute to greater volatility across global financial markets.

Closing Thought

This is not simply about one Federal Reserve meeting—it reflects the broader rebalancing of the global financial system as central banks navigate inflation, debt burdens, and the future cost of money in an increasingly uncertain world.

Sources

• CryptoBriefing — "Fed Chair Warsh Faces Criticism for Inaction on Inflation Rates"

• CryptoBriefing — "Fed Dissenters Push for Rate Hike Amid Inflation Concerns: MarketWatch"

~~~~~~~~~~

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Thank you Dinar Recaps

Rob Cunningham: Why Care about the Clarity Act?

Rob Cunningham: Why Care about the Clarity Act?

7-31-2026

“Why should we care about the Clarity Act?”

Fair question.

• Most Americans don’t own a crypto company.
• Most don’t trade digital assets.
• Most are simply trying to build a life, raise a family, save for retirement, and leave something better for their children.

So… what’s in it for us?

What if this legislation isn’t primarily about crypto at all?

What if it’s about something FAR bigger, like:

• Who controls the system of money?
• Who owns our digital property?
• Whether financial opportunity becomes more open – or remains centralized?
• Whether the next generation inherits a system built on banker permissions … or one built on transparent rules?

Every generation experiences legislation that reshapes its’ future. We choose or others choose for us.

The 1913 Federal Reserve Act defiled the U.S. monetary architecture of the last century.

The 2026 Clarity Act can free us all from bank tyranny.

I’m not asking you to agree.

I’m inviting you to ask a better question.

“What changes when financial infrastructure becomes as open and interoperable as the Internet itself?”

If you’ve wondered why so many institutions, banks, technology companies, and policymakers are focused on this legislation, I wrote a plain-English explanation free for all to review and share.

No jargon.
No tribal politics.
Just one question:

“What’s in it for me and my family?”

Source(s):
• https://x.com/KuwlShow/status/2082941681905602785

https://dinarchronicles.com/2026/07/31/rob-cunningham-why-care-about-the-clarity-act/

The Clarity Act, Crypto, and What Happens Next with Rob Cunningham, July 2026

The Clarity Act, Crypto, and What Happens Next with Rob Cunningham, July 2026

Holly Celiano:  7-31-2026

The global financial landscape is currently undergoing a historic transformation, moving away from legacy systems toward a more transparent, efficient, and decentralized future.

 In a recent and insightful conversation, Holly Celiano and guest Rob Cunningham explored the mechanics of this evolution, shedding light on how blockchain technology and new regulatory frameworks are reshaping the way the world moves value.

At the heart of this shift is the transition from debt-based models to sound money principles, driven by the emergence of stablecoins and asset-backed digital protocols.

A significant portion of this global reset is being spearheaded by legislative action across major economies. Nations such as Japan, Russia, Iraq, and members of the European Union are actively implementing comprehensive crypto legislation.

A primary example discussed is Japan’s Clarity Act, which provides a definitive legal framework for digital assets. These regulations are designed to foster an environment where transparent, asset-backed stablecoins can thrive, potentially ending long-standing cycles of financial instability and providing a foundation for modern economic sovereignty.

Technologically, the infrastructure for this new era relies heavily on liquidity and interoperability. The conversation highlights how protocols like the XRP Ledger (XRPL) and the Interledger Protocol (ILP) serve as the essential “plumbing” for the global markets.

By enabling real-time, cross-border payments with minimal friction, these technologies solve the liquidity challenges that have long plagued traditional banking. The strategic partnership between Ripple and Japan’s SBI Group serves as a prime example of how major financial institutions are integrating these decentralized tools to replace outdated centralized controls traditionally dominated by organizations like the IMF and the BIS.

Beyond traditional banking, the transformation is extending into the social and digital spheres through the vision of “X Money.” As Elon Musk works to transition the X platform (formerly Twitter) into a comprehensive “everything app” similar to WeChat, the integration of financial services becomes a cornerstone of the user experience.

By partnering with institutions like Cross River Bank—which maintains strategic ties with Ripple—X aims to offer high-yield accounts, crypto cashback, and seamless multi-asset management. This move could revolutionize banking accessibility, putting sophisticated financial tools directly into the hands of billions of mobile users worldwide.

Finally, the dialogue between Celiano and Cunningham touches upon the broader cultural and individual implications of this monetary reset.

They argue that this shift is about more than just technology; it is about reclaiming personal sovereignty and financial truth. By moving toward decentralized, compliant, and immutable systems, individuals are encouraged to move away from fear-based economic participation and toward a future defined by transparency and faith in sound principles.

For those looking to dive deeper into these topics and understand the mechanics of the new economy, the full discussion is available on Holly Celiano’s YouTube channel, offering a wealth of information on the path toward global financial freedom.

https://www.youtube.com/watch?v=Mu7W6it3dP8

Coffee with MarkZ, joined by Dr. Scott Young. 07/31/2026

Coffee with MarkZ, joined by Dr. Scott Young. 07/31/2026

Some highlights by PDK-Not verbatim

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

MZ:  Dr. Scott Young returns today to take your questions after the news. CBI, Africa, and Hamas disarming. Lucus (CBD Gurus) joins after the regular show.

MZ: If the rumors are correct….we may have a heck of a weekend……a heck of a week.

Member: Frank26 thinks we should know something by Monday

MZ: I am hearing that as well. In a nutshell they believe the Clarity bill will pass this weekend and get stamped and approved.

MZ I was told this is the final trigger to release everything all at once. A shotgun start.

MZ: There is a process once they do pull the trigger. It may take a few days to complete.

MZ: A lot of bond people who are so tired of hearing “next week” feel like this really is the trigger. I am hearing this from a number of bond contacts and one currency group.

MZ: Dr. Scott, are you hearing this as well?

Mr. Scott: Yeah, I am hearing this from one or two  bond contacts….saying the same.

Please listen to the replay for all of Dr. Scotts information and opinions.

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

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FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

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

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

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

Youtube:     https://www.youtube.com/watch?v=1xQ4IdFApSk

News, Rumors and Opinions Friday 7-31-2026

Ariel:  Iraq’s Currency Reset as the Gateway

7-31-2026

Positioning Assets For Broader Operational Objectives: (Part 2)

Section II: Iraq’s Currency Reset As The Gateway

Iraq’s Central Bank, located at Rashid Street, Baghdad, under Governor Ali Mohsen Ismail Al-Alaq, has been executing the Deletion of Three Zeros project in coordination with the International Monetary Fund’s Middle East Technical Assistance Center.

The mechanics are straightforward on paper. The current 25,000 dinar note gets replaced by a 25 new dinar note with equivalent purchasing power. The exchange rate adjusts from approximately 1,310 IQD per USD to a projected range between 1.00 and 3.22 new IQD per USD depending on which internal CBI projection you access.

The WTO accession timeline is critical. Iraq’s Working Party at the WTO, chaired out of the Centre William Rappard, 154 Rue de Lausanne, 1211 Geneva, has been finalizing tariff schedules and trade facilitation agreements through 2026.

The ASYCUDA system (Automated System for Customs Data) developed by UNCTAD in Geneva digitizes Iraq’s entire customs apparatus allowing real-time duty collection, import/export documentation, and cross-border settlement. When Iraq enters the WTO as a full member with ASYCUDA operational its trade settlements need a currency that functions at international par value.

You cannot settle WTO-compliant trade with a currency carrying three phantom zeros. The redenomination is a prerequisite for accession not a reward after it.

How Iraq Opens The Door For Other Currencies:

Iraq becomes the proof of concept. Once a resource-rich sovereign successfully redenominates, digitizes, and integrates into Clarity Act-compliant settlement rails while simultaneously gaining WTO membership, the template exists for replication.

The currencies positioned behind Iraq in the queue based on IMF Article IV consultation patterns and central bank digital currency pilot programs include:

Vietnamese Dong (VND) — Currently approximately 25,400 VND per USD. Vietnam’s State Bank has been running CBDC pilots since 2024 and has the same three-zero problem Iraq has. Manufacturing export powerhouse with tangible GDP backing.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/positioning-for-165258301

https://dinarchronicles.com/2026/07/30/prolotario-iraqs-currency-reset-as-the-gateway/

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

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

Stephen  The Iraqi citizens have been hoarding Iraqi dinar for the last 23 years...They don't trust the digital banking system because it's been lacking in Iraq for many many years...Iraq's banking system has been so far behind.   But that has all been brought up to par.  We are entering a phase where it's time to start pulling in all of those old denominations  and all that cash from the Iraqi citizens so they could start going digital.  I'm speculating here but the easiest way to do that is to issue new denominations and give those new denominations higher value to incentivize the Iraqi citizens to come in and to suck in all those dinar notes, you know, wink wink, dinar revaluation.

JeffSaudi and the United States struck Iran foreign backed militias within Iraq.  To me that's probably the very last final piece to this from a security angle.  The Iran militias were outstanding so they're being dealt with.  They probably put a nice dent or removed them... There's still probably some remaining though.

Reset Intelligence  Mazhar Muhammad Salih, the Prime Minister's financial advisor, went on camera about the missing 250 and 500 dinar notes. Paper wears out, he said. He also pointed out that Iraq, unlike most countries, still uses paper for small change where the world uses coins. The currency overhaul Iraq's central bank has kept on file since 2011 puts coins at the small end of the new money, and the official who fronted that plan back then is the same advisor who sat in the studio this week. Coins only exist where the smallest unit of a currency is worth something.

SILVER UNOBTANIUM! No More Paper Trading In China - The End of the Comex Monopoly | Mario Innecco

The Silver Market:  7-30-2026

China just posted its highest monthly gold imports in over two years — and the real story goes way beyond the headlines.

 In this video, we break down why China is simultaneously the world's largest gold PRODUCER and the largest gold IMPORTER, why some researchers believe Beijing's true gold reserves are far higher than the official 2,346 tonnes it reports, and why this fits into a much bigger 50-year resource strategy most of the West isn't paying attention to.

We cover:

✅ China's record 173-tonne gold import surge in June 2026

✅ Why China dominates production AND imports of gold, copper, rare earths, and more

✅ What's really happening with Shanghai Gold Exchange retail rule changes

✅ How the Strait of Hormuz tensions are cracking the petrodollar further

✅ Why the Fed's balance sheet is quietly expanding again

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights.

https://www.youtube.com/watch?v=442vYOR36ys

Iraq Economic News and Points To Ponder Friday Morning 7-31-26

Liquidity Shortages Threaten Iraqi Private Banks And Push Towards Mergers To Settle Obligations.

2026-07-30  Shafaq News - Baghdad ,,A banking source revealed on Thursday that there is a shortage of liquidity in a number of private banks in Iraq, attributing this to the limited deposits and the decline in citizens’ confidence in private banks, which has weakened their ability to meet some local and international obligations and the requirements of the Central Bank of Iraq.

The source told Shafaq News Agency that this situation may push towards the merger of a number of banks, noting that mergers also come within the requirements of reforming the banking sector and trends related to international standards.

He added that banks are required to have financial assets and insurance with the Central Bank of Iraq, explaining that a bank that suffers from weak assets or is unable to meet its obligations towards citizens may be subject to closure, provided that the rights of depositors are dealt with in accordance with the approved principles and controls.

The source explained that merging struggling or liquidity-deficient banks does not necessarily mean the loss of citizens’ money, as financial obligations and rights remain in place, but the recovery of funds may not be as quick and easy as depositors expect.

He pointed out that addressing the liquidity shortage problem requires restructuring the banking sector and strengthening confidence in local banks, in addition to increasing their ability to comply with regulatory and financial requirements, which contributes to reducing the risks of default and protecting depositors' funds.

 https://www.shafaq.com/ar/اقتصـاد/نقص-السيولة-يهدد-مصارف-هلية-عراقية-ويدفع-نحو-الاندماج-بهدف-تسوية-الالتزامات

Trump Announces $22bn Plan To Modernize Capital Airport

Money and business    Economy News — Follow-up  US President Donald Trump has unveiled a huge project to develop Dulas Airport in Washington, D.C., that includes the construction of new lounges and the replacement of passenger carriers with a modern rail system.

Trump announced a comprehensive renovation of Dulas International Airport, and said at an event in the Oval Office that they plan to add more than 5 million square feet of new or renovated space and will replace the two existing C and D lounges while preserving the iconic main building.

He added that he chose the designs after an extensive review of more than thirty proposals from the world’s leading architects.

The refurbished airport will include a multi-storey parking lot for 32,000 cars, which Trump has described as the world’s largest parking lot.

Transport Minister Sean Duffy said passenger carriers would be replaced by a faster and more efficient border rail system. Duffy said the $22 billion cost of the project would not need federal funding, $22.5 billion in bonds would be issued and United Airlines would be part of the payment, while participating airlines would pay the price.

Passengers reacted mixed, with some telling NBC News they were not facing major problems except for passenger carriers. Another, who uses the airport three or four times a year, said: “They stuff travelers like sardines and smell diesel all the way.”

The airport was officially inaugurated by President John F. Kennedy in 1962 and named after the late Secretary of State John Foster Dulles, one of three in the Washington area. The Department has previously expressed interest in renaming it.

Multiple sources told NBC News in February that the Trump administration had asked Senate Minority Leader Chuck Schumer to name the airport and Pennsylvania station in New York as Trump in exchange for the release of federal funds needed to build a tunnel between New York and New Jersey. In the end, the funds were released without such an agreement

https://www.economy-news.net/content.php?id=71983

Global Gold Is Heading To End A 4-Month Decline

Money and business   Economy News — Follow-up  Gold is heading on Friday for its first monthly gain in 5 months, as investors assess the impact of Iran’s war and analyze signals from the Federal Reserve (the U.S. central bank) for signs of inflation and the trajectory of interest rates.

In spot transactions, gold fell 0.2% to $4,096.29 an ounce by 01:07 GMT, but is heading for a weekly rise of 1.1%. U.S. gold futures for August delivery rose 0.1 percent to $4,094.10.

The precious metal is heading for a gain of more than 2.2 percent this month

https://www.economy-news.net/content.php?id=72006

Newspaper: Japan Carried Out A Large-Scale Intervention To Support The Yen In Coordination With The United States

Money and business    Economy News - Follow-up   The Nikkei newspaper quoted market sources as saying that Japan had conducted a large-scale intervention to buy the yen and sell the dollar on New York markets on Thursday.

The newspaper added that the US authorities also conducted the so-called "exchange rate inspections", a preliminary step to intervene in the currency market, in a sign that Tokyo and Washington are working together to prevent the depreciation of the yen.

Japan’s central bank has kept its monetary policies unchanged, in a sign of a waning concerns about economic growth and increased confidence over the country’s return to normalcy after last month’s benchmark rate hike to its highest level since 1995.

The bank announced in a statement on Friday that it would keep the interest rate at 1%, in agreement with the expectations of all experts polled by Bloomberg News.

The decision to stabilize the interest rate was issued by eight votes to one vote, after Hajimi Takata, a member of the Monetary Policy Council of the bank, voted in favor of continuing to raise interest rates   https://www.economy-news.net/content.php?id=72010

Seeds of Wisdom RV and Economics Updates Friday Morning 7-31-26

Good Morning Dinar Recaps,

Global Regulators Accelerate Digital Asset Rules as Financial System Modernization Gains Momentum

Governments and financial regulators are moving simultaneously toward clearer digital asset rules and modern payment infrastructure, signaling continued progress toward the next generation of the global financial system.

Overview

• Digital asset regulation advanced as U.S. lawmakers continued pushing the CLARITY Act toward Senate consideration while regulators emphasized the need for legal certainty.

• Global financial institutions continue to stress that innovation must be balanced with financial stability, trust in money, and effective oversight.

• The convergence of regulation, stablecoins, tokenization, and modern payment systems is becoming an increasingly important theme in the evolution of global finance.

Key Developments

1. Momentum Builds Behind the CLARITY Act

Support continues to grow for the CLARITY Act, which would establish a comprehensive regulatory framework for digital assets in the United States. Treasury Secretary Scott Bessent urged the Senate to move forward with the legislation, arguing that regulatory certainty is essential for innovation, investment, and maintaining U.S. leadership in digital finance.

2. SEC Signals It Is Prepared to Act

SEC Chair Paul Atkins indicated that the Commission is prepared to issue additional crypto regulations if Congress does not complete the CLARITY Act. While emphasizing that legislation remains the preferred path, the comments suggest regulators are prepared to provide greater market clarity regardless of congressional timing.

3. Stablecoins Continue to Reshape Financial Infrastructure

The Bank for International Settlements (BIS) continues to emphasize that stablecoins demonstrate important technological advances for payments but also present structural risks that require sound regulation. The BIS argues that preserving trust in money remains the foundation of any future monetary system.

4. International Coordination Remains a Priority

Financial authorities worldwide continue studying how tokenization, programmable payments, and digital settlement systems can improve cross-border commerce while protecting monetary stability. Rather than replacing existing financial systems overnight, policymakers are increasingly focused on integrating new technologies into the existing banking framework.

Why It Matters

Digital asset regulation is moving beyond discussion and toward implementation. Clear legal frameworks could encourage broader institutional participation while helping governments modernize payment infrastructure without sacrificing financial stability.

Why It Matters to Foreign Currency Holders

Foreign currency holders continue watching these developments because modern payment systems, tokenized assets, and regulated digital currencies could eventually influence cross-border settlement, liquidity, and international capital flows. Regulatory clarity is becoming an important building block for whatever future international monetary architecture develops.

Implications for the Global Reset

• Pillar 2: Trade

Clearer digital asset regulations and improved payment infrastructure have the potential to make cross-border transactions faster, more efficient, and less costly, supporting global commerce.

• Pillar 4: Technology

Tokenization, distributed ledger technology, stablecoins, and programmable payments continue moving from experimental projects toward regulated financial infrastructure, signaling continued modernization of the global financial system.

As governments establish clearer rules for digital assets while central banks and international institutions modernize payment infrastructure, the global financial system is steadily evolving toward a more digital, interconnected, and regulated future.

Seeds of Wisdom Team
Newshounds News™ Exclusive

Sources

• CoinGape — "Scott Bessent Urges Senate to Vote on CLARITY Act Now, Pushes Back on BRCA Criticism"

• CryptoBriefing — "SEC Ready to Issue Crypto Rules if Congress Doesn't Pass CLARITY Act, Chair Atkins Says"

~~~~~~~~~~

🌱 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

Friday Iraq News Posted by Tishwash at TNT 7-31-2026

TNT:

Tishwash: A former deputy confirms there are understandings regarding the timing of finalizing the cabinet and the American withdrawal.

Former MP Hussein Ali confirmed the existence of political understandings regarding the timelines for finalizing the cabinet and the American withdrawal from Iraq, noting optimism for achieving positive results in the coming days.

Ali told Al-Maalouma, "Iraq has set important timelines related to finalizing the cabinet, in addition to the American withdrawal from Iraqi territory. In return, Washington has set conditions for Baghdad to withdraw its forces from Iraqi soil."

He added, "America has set conditions, most notably those related to the disarmament of factions and the relationship with Iran. Trump has issued many tweets regarding these issues, but the wisdom of the leaders of the coordination framework will lead to positive results."

He explained that "the coming days cannot be predicted in detail, but there is optimism regarding the understandings and political activity aimed at achieving positive results, especially given the efforts to finalize the cabinet formation by next September and pass it in its entirety."  link

Tishwash: Monetary stability map: Al-Zaydi's advisor reveals the truth about removing zeros and the reasons for the scarcity of small denominations

The financial advisor to the Prime Minister put an end to the growing debate in Iraq, asserting that talk of removing zeros from the currency or the existence of a cash crisis is merely baseless rumor. While attributing the scarcity of small denominations to their rapid deterioration due to frequent circulation, he emphasized that the problem lies not in printing new currency, but rather in the way liquidity is managed and circulated within banks.

Zero Removal Project

The Prime Minister’s financial advisor, Mazhar Muhammad Saleh, told Al-Alam Al-Jadeed on Wednesday (July 29, 2026) that “Iraq does not currently have any official indications or decisions regarding removing zeros from the Iraqi currency,” explaining that “this measure is part of a comprehensive monetary reform, and it cannot proceed except after creating a stable economic and financial environment and fulfilling the necessary technical and institutional requirements.”

He adds that “removing zeros, if implemented in the future, is a regulatory measure aimed at simplifying monetary transactions and accounting systems, and does not in itself result in an increase in the real value of the dinar or an improvement in the purchasing power of the citizen, because purchasing power remains linked to economic performance, production and financial stability.”

small denominations

Saleh explains the scarcity of small denominations of currency by their paper nature and high rate of circulation, which leads to their being damaged within a short period of time. He clarifies that this phenomenon is not related to a shortage in issuance, but rather to the characteristics of their daily use.

He points out that Iraq, unlike many countries that rely on coins for small denominations, still uses paper denominations, noting that the lifespan of these denominations does not exceed about one year according to international standards, due to the intensity of their use and their continuous transfer between hands, at a time when reliance on paper money remains high while electronic payment methods continue to grow.

The issue of small denominations of currency has resurfaced after increasing questions about the reasons for their scarcity in Iraqi markets, amid ongoing debate about cash liquidity management and mechanisms to meet daily trading needs.

Printing a new currency

Saleh believes that “it cannot be said that Iraq is suffering from a shortage of money supply in the sense that necessitates printing new currency, as the Central Bank has the ability to provide cash in accordance with the needs of the economy, and the size of the currency issuance is linked to specific technical and economic factors.”

He continues, “The most prominent challenge is managing and distributing liquidity efficiently within the banking sector, in addition to encouraging banking and electronic transactions to reduce hoarding outside the banking system and improve the efficiency of cash circulation.”

Saleh emphasizes that “issuing a new edition of currency is not just a technical decision, but rather an integrated process that requires a careful study of monetary needs, costs, and the characteristics of the new currency, as well as coordination between the Central Bank and relevant government agencies.”

The Prime Minister’s financial advisor points out that “no official announcement has yet been issued regarding the adoption of a new currency issue, which means that any steps in this direction remain subject to the monetary authority’s assessments and market needs, and are not related to the existence of a currency crisis. What is being raised in this regard is based on statements issued by non-specialized sources.”

Official assurances

Amid growing talk of liquidity pressures and delays in releasing some salaries, governmental and parliamentary assurances emerged that the current crisis is temporary and does not represent a structural flaw in the economy, coinciding with moves to address financial obligations, complete the preparation of the draft general budget, and initiate legislative reforms related to public finance management.

The parliamentary finance committee affirmed that the government possesses the necessary tools and capabilities to overcome the current stage, noting that the financial pressures came as a result of regional economic repercussions and a decline in oil exports, but they do not amount to a structural crisis, and that the government measures aim to contain the immediate challenges while continuing to implement the economic reform path, and ensuring the continuation of government obligations, foremost among them the salaries of employees and social entitlements.

Regarding the issue of salaries, the Finance Committee reassured employees about their entitlements, explaining that any delay in releasing salaries is due to an emergency and temporary shortage of financial liquidity, and that the concerned authorities are working to address it within a short period.

Jamal Kojar, a member of the parliamentary finance committee, said in a press statement followed by “Al-Alam Al-Jadeed” that the government places the issue of salaries among its priorities, expecting the disbursement procedures to be completed before the end of the week, and pointing out the readiness of the Ministry of Finance to work during Friday and Saturday to complete the necessary administrative orders and expedite the arrival of entitlements and prevent any further delays.

2026 Budget Project

In parallel, the Finance Committee revealed that the government intends to send the draft general budget law to the House of Representatives during the month of October, with the parliament to begin discussing it as soon as it arrives, with the aim of approving it before the end of the year. This step aims to provide a more flexible financial framework to deal with fluctuations in oil prices, given the continued heavy reliance of the Iraqi economy on oil revenues to finance public spending and government projects.

Between temporary liquidity pressures, preparations for budget approval, and the move towards new legislative reforms, the next stage appears to be a test of the ability of financial institutions to turn promises into practical measures, since the success of resource management will not be measured only by the speed of salary disbursement, but also by the extent to which the state is able to build a more stable financial system that is less affected by fluctuations in oil revenues. link

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Tishwash:  How long can Iraq rely on the Central Bank's reserves, money-printing scheme to survive?

For four months, despite an 83 percent decrease in its revenue, Iraq has still been able to cover its monthly expenses; above all, seven trillion Iraqi dinars (about $5.3 billion) for wage earners, including the Kurdistan Region.

It is true that the delayed return of oil revenue through the national marketer's mechanism, the State Organization for Marketing of Oil (SOMO), resolved some of the imbalance between revenue and spending during the ongoing war, but what has sustained the Iraqi government financially is the Central Bank of Iraq (CBI) by introducing 43 trillion dinars (about $32.6 billion). This was done by injecting newly printed money and reducing the reserves it had accumulated over two decades. 

According to data from the federal oil ministry and SOMO, the combined oil revenues of Iraq and the Kurdistan Region over the past two months still do not reach one-third of a single pre-war month's revenue.

Data shared by SOMO show that in May and June 2026 (61 days), total revenue stood at $2.33 billion, whereas in just the 28 days of February, it was $6.8 billion. This is despite the fact that 17 to 24 percent of the revenue reported by SOMO goes to foreign companies operating in Iraq. In other words, over the past two months, Iraq had approximately 2.5 trillion dinars (about $1.9 billion) in oil revenue, but its monthly expenditure was seven times that amount.

Since the beginning of the Iran war in late February, the question that constantly arose was whether the Iraqi government would be unable to cover its expenses, particularly salary expenses, due to the decrease in oil exports and revenue, but now the government is distributing salaries for July 2026. How did this happen, and where did the money originate from?

While many questions linger, four stand out: How can Iraq sustain expenses where 90 percent goes toward operational costs and salaries without sufficient revenue? Why has the dinar appreciated against the US dollar despite increased liquidity injection? Can Iraq live off its foreign reserves, and for how long? To what extent can it continue printing dinar currency (from 50,000 to 250 dinar notes) for the market?

Expenditure amid appreciation

In the first half of this year, Iraq's monthly expenditure roughly mirrored that of last year. Finance ministry data puts total expenditure for the first five months at 46.69 trillion dinars (about $35.35 billion), projected to reach approximately 55.56 trillion dinars (about $42.07 billion) over six months - on par with the 56.7 trillion dinars (about $42.92 billion) spent in the first half of last year.

In contrast, total revenue for the first six months of last year stood at 62 trillion dinars (about $46.94 billion) - 57 trillion oil (about $43.15 billion), five trillion non-oil (about $3.79 billion) - whereas in the first half of this year, it barely reached approximately 35.56 trillion dinars (about $26.92 billion) - roughly half of last year's figure.

Iraq sustained these expenses by utilizing reserves, issuing new currency into circulation, cutting operational and investment spending, and attempting to recover billions of dinars and millions of dollars hidden in barrels, cans, walls, and pits - as seen in Operation Dawn and the case of Adnan Al-Jumaili, former deputy oil minister for refining affairs, who was awarded “Best Manager of the Year" by the former Iraqi prime minister and oil minister just last year. 

The answer to the second question - why the dinar has appreciated against the US dollar despite increased liquidity injection - is simple: the Iraqi dinar does not maintain a standard direct relationship with the US dollar, nor does Iraq's currency market react rapidly to bank interest rates and market shifts like Turkey or Iran. Instead, the CBI directly sets and maintains the exchange rate.

By standard economic metrics, injecting excess dinars without backing from production and GDP growth should weaken the currency. However, as observed recently, the dinar's value against the dollar appreciated rather than depreciated.

Statistics show that at the end of last year, total currency printed by the CBI was 99.79 trillion dinars (about$76.14 billion) - 92.56 trillion held in banks, 7.24 trillion outside. By May end, total printed currency reached 113.56 trillion dinars (about $86.66 billion) - 6.75 trillion in banks, 106.8 trillion in circulation outside. Over the first five months of this year, the CBI injected an extra 2.75 trillion dinars (about $2.1 billion) per month. Consequently, the exchange rate dropped from above 157,000 dinars to 149,500 dinars per $100.

Moreover, CBI figures through July 2 show that the US had not sent any cash dollars to Iraq this year, causing foreign cash reserves at the Bank to drop to $84 million before rebounding to over $500 million. By July 16, cash reserves stood at $319 million - meaning the US sent only a single shipment of $500 million in physical cash to Iraq up to mid-July 2026.

Ultimately, what moves the dollar-dinar market is big merchants and capitalists holding massive reserves of both currencies accumulated over the past two decades, rather than basic supply-and-demand laws or CBI monetary policy alone. 

Monetary expansion risks

Iraq's foreign currency reserves have experienced major ups and downs over the past two decades, continuously rising and accumulating until late 2022. At the beginning of 2014, it reached 90 trillion dinars (about $68.49 billion), later dropping to 50 trillion (about $38.05 billion) due to the war on the Islamic State (ISIS), rising to 80 trillion (about $60.88 billion) before COVID, and dropping to 64 trillion (about $48.70 billion) during the COVID era.

At the beginning of 2023, it reached 150 trillion dinars (about $114.14 billion), and now (July 16, 2026) it has dropped to 102.5 trillion dinars (about $78 billion). 

Over the past six months or so, since late January through July 16, reserves have dropped by 29.4 trillion dinars (about $22.37 billion) - falling from 131.89 trillion (about $100.36 billion) to 102.5 trillion. If Iraq receives very low income, it can rely on its reserves for at most six more months. Reserves cannot be drawn down to zero; dropping below half of their current level signals national insolvency.

Furthermore, 29 trillion dinars (about $22.07 billion) of these reserves consist of gold - whose value keeps fluctuating with world market prices (losing 6.4 trillion dinars, or about $4.87 billion, in value this year) - while the rest is tied up in financial bonds, which have decreased by 20 trillion dinars (about $15.22 billion) since the start of the year as funds were drawn down.

The CBI’s financial system requires money printing to be backed by labor, production and services - areas where Iraq faces severe structural deficits. Over the past six months, the CBI expanded the currency supply by approximately 13.7 trillion dinars (about $10.43 billion).

The only dangerous consequence of printing money without domestic product (GDP) growth is rising inflation; on April 1 of last year the rate was 0.4 percent and on April 1 of this year it reached 4.7 percent, while last month it reached 3 percent.

If currency printing continues without output-backed revenue, inflation will enter double digits. Commodity price controls will collapse, pushing poverty, unemployment, and financial hardship higher while further undermining real GDP growth.

Iraq's revenues and expenditures in the first half of this year were severely unbalanced. However, the CBI bailed out the government and prevented a liquidity crisis by injecting 43 trillion dinars (about $32.56 billion) into circulation - raising printed currency from 99.79 trillion (about $75.56 billion) to 113.56 trillion dinars (about $85.98 billion) while depleting reserves from 131.89 trillion (about $99.86 billion) to 102.5 trillion dinars (about $77.61 billion).

The budget deficit was covered by printing money and eroding reserves - not through structural reform, revenue diversification, operational cost cuts, productive sector activation, or recovering the trillions lost to corruption. Iraq can likely limp along to the end of this year, however, what it will do next year remains to be seen. link

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Tishwash:  Al-Zaydi tells Iraqis: Salaries will be delayed... the country is going through a real financial crisis.

Iraqi government spokesman Haider al-Aboudi acknowledged on Thursday (July 30, 2026) that the country is experiencing a real financial crisis, stressing that the recent statements made by Health Minister Abdul-Hussein al-Moussawi regarding the financial situation are accurate and realistic.

Al-Aboudi explained that Iraq's monthly requirements are very large, noting that the mechanism for disbursing salaries will not be as before, as distribution is delayed until the Ministry of Finance has sufficient liquidity, especially with the continued repercussions of the closure of the Strait of Hormuz on revenue exports.

Al-Aboudi confirmed during an interview with journalist Mona Sami, which was followed by 964 Network , that “the crisis we are going through and the issue mentioned by the Minister of Health is true,” indicating that “Iraq’s monthly requirements are large and salaries are not as they were in the past.”

He explained that “there will be a delay in salaries until the funds are completed and distributed in the manner overseen by the Ministry of Finance. Are we in a crisis? Yes, we are in a crisis.”

Health Minister Abdul Hussein Al-Moussawi had previously revealed a severe financial crisis plaguing the health sector, stressing that “there is no money” and that the government’s main concern from the beginning to the end of the month is to secure salaries amounting to about 11 trillion dinars, at a time when the total of Iraq’s oil exports during 4 months did not exceed 2 trillion dinars.

Al-Moussawi explained that the hospitals' infrastructure is "in poor condition," and that the "Kimadia" company stopped supplying the medicines contracted with Iraq due to accumulated financial dues.

In light of this reality, the minister stressed his refusal to surrender by sitting idly by, emphasizing that he is personally concerned with putting pressure on the government, the Ministry of Finance, and health personnel to find solutions out of thin air.

At the same time, he pointed out the disparity in the performance of the administrations, as some of them succeeded in running the hospitals with an amount of 45 million dinars due to the clean hands of their administrations, in contrast to other hospitals that have more than two billion, yet everything in them seems miserable.

Adnan al-Danbous, a leader in the Reconstruction and Development Coalition, held what he called “accidental leaders” who ruled Iraq after 2003 responsible for the country’s current financial hardship and difficulty in securing salaries as a result of the closure of the Strait of Hormuz. Al-Danbous believes that these “accidental leaders” did not consider diversifying Iraq’s non-oil revenues and relied on oil as the primary source of income.

In his interview with journalist Sajjad al-Jubouri, which was followed by 964 Network , al-Danbous also expressed his strong resentment towards “neighboring Iran” for not allowing Iraqi oil to pass through the Strait of Hormuz and for contributing to “economically strangling Iraq,” noting that Iraq has suffered for centuries due to its geographical location.  link