Seeds of Wisdom RV and Economics Updates Sunday Morning 8-9-26

Good Morning Dinar Recaps,

Hormuz Deal Hits a Critical Hurdle: Reopening Still Depends on U.S. Concessions

Iran and Oman are nearing a shipping framework for the Strait of Hormuz, but Tehran says the waterway will remain restricted until broader conditions with Washington are resolved.

OVERVIEW

• Iran and Oman are nearing a final agreement to establish new shipping lanes through the Strait of Hormuz, creating a potential pathway toward restoring commercial traffic.

• The agreement alone will not reopen the Strait, according to Iran, which says Washington must first address several outstanding demands involving sanctions, military pressure, frozen assets and compensation.

• The uncertainty keeps global energy and trade markets exposed, because the financial impact of the agreement ultimately depends on whether ships can safely and consistently resume normal passage.

KEY DEVELOPMENTS

1. Iran and Oman Near a Shipping Framework

Iran says it is close to finalizing an agreement with Oman establishing new shipping lanes through the Strait of Hormuz.

The development is significant because Oman sits on the southern side of the strategic waterway and has been central to diplomatic efforts surrounding the conflict.

However, Tehran is making clear that the shipping framework is not the same as a full reopening of the Strait.

2. Tehran Links Reopening to U.S. Concessions

Iranian Foreign Minister Abbas Araqchi said the Strait will not reopen unless the United States takes additional steps.

Iran has demanded an end to U.S. sanctions and military threats, compensation for damage from the conflict and the unfreezing of Iranian assets.

This creates the central obstacle: Washington and Tehran have different conditions for moving from a provisional framework to actual normalization of shipping.

3. Washington Has a Different Definition of the Deal

The United States has indicated that it expects an agreement between Iran and Oman to restore commercial shipping without impediments and has said it would lift its blockade of Iranian ports once such an arrangement is established.

That leaves a significant gap between the U.S. position and Iran's stated conditions.

The question now is whether negotiators can bridge that gap without allowing the shipping issue to become another source of escalation.

4. The Shipping Industry Still Faces Major Uncertainty

Even if a framework is announced, commercial operators must determine whether the route is safe, legally workable and insurable.

Shipping-industry sources have warned that earlier proposals involving transit fees and sanctions exposure could make the arrangement difficult to implement. Reuters reported that Iran had sought fees equivalent to 5%–7% of cargo value, while insurers could face problems covering vessels paying such fees.

This means a diplomatic announcement does not automatically translate into normalized global trade.

5. Markets Are Watching the Physical Flow of Energy

The ultimate test will be whether tankers actually return to regular transit through the Strait.

Hormuz is one of the world's most important energy chokepoints, so sustained normalization would have implications for oil prices, inflation expectations, shipping costs and the broader global economy.

Until vessel traffic consistently resumes, markets must continue to price the possibility of another disruption.

WHY IT MATTERS

The Strait of Hormuz is more than a regional geopolitical issue. It is a critical component of the global energy and trade system.

Any prolonged disruption can increase energy costs, transportation expenses and inflationary pressure. Those effects can then influence central-bank decisions, interest rates and investment flows.

Conversely, a durable reopening could remove a significant geopolitical risk premium from energy markets and improve confidence in global supply chains.

The larger issue is whether diplomacy can convert a tentative shipping framework into predictable and sustainable commercial activity.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Energy shocks can place pressure on the currencies of oil-importing nations, while sustained normalization could reduce that pressure.

• Purchasing power: Lower and more predictable energy costs can eventually reduce pressure on household fuel, transportation and other expenses.

• Capital flows: A reduction in geopolitical risk can encourage international investors to move capital toward markets that had been avoided during the conflict.

• Exchange rates: Changes in oil prices can affect trade balances and therefore influence currency demand, particularly for major energy importers and exporters.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Energy

The most direct Global Reset impact is Energy.

The Hormuz crisis demonstrates how a single strategic chokepoint can influence energy prices, inflation, monetary policy and global economic expectations. A durable reopening would reduce one of the most significant current risks to the world's energy supply network.

• Pillar 2: Trade

The second directly affected pillar is Trade.

A reliable shipping corridor is essential to predictable international commerce. If Iran, Oman and the United States can establish a workable framework that allows commercial vessels to move safely, it could demonstrate that diplomacy can restore a critical trade route after prolonged disruption.

CONCLUSION

The Iran-Oman agreement is an important step, but it is not yet the reopening of the Strait of Hormuz.

The next stage depends on whether Washington and Tehran can resolve the remaining conditions and whether the resulting framework is acceptable to shipping companies, insurers and international traders.

For global markets, the distinction is critical: a diplomatic framework can change expectations, but only restored physical shipping can normalize the energy system.

The real breakthrough will be measured not by the announcement of an agreement, but by ships safely moving through Hormuz again.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "Iran says Oman deal is in final stages, U.S. must act to open Hormuz"

• Reuters — "Proposed Hormuz passage deal not feasible for shipping industry"

~~~~~~~~~~

🌱 A Message to Our Currency Holders🌱

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

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

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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq Economic News and Points To Ponder Sunday Morning 8-9-26

"Without Prior Notice"... 118 Trillion Dinars Withdrawn To Finance Salaries And Projects Revealed

2026-08-08 05:05  Shafaq News - Baghdad   An informed source revealed on Saturday the amounts of money that were withdrawn from government banks during the previous government, indicating that they are estimated at trillions of dinars, which are high amounts that exceeded the legal limit allowed for each bank, especially government banks.

The source told Shafaq News Agency that the withdrawal process came in light of the financial crisis that the government faced at the time, but the size of the amounts withdrawn and the way in which the balances and reserves of government banks were dealt with raise serious questions about the legal basis and procedures followed in carrying out those operations, indicating that the funds were used to finance the salaries of state employees during the period of the financial crisis.

He added that using bank reserves and balances to finance government expenditures without official approvals is a violation of the applicable regulations and laws, and requires an official investigation by the competent regulatory authorities, and the determination of legal and administrative responsibilities for any violations that may have accompanied those procedures.

The source pointed out "the importance of subjecting the file to a comprehensive financial and legal audit, to reveal the amount of money that was withdrawn, the entities that benefited from it, the legal basis for the withdrawals, as well as identifying those responsible for making the relevant decisions."

He explained that resolving this issue requires announcing the official results of the audit and investigation to the public, away from unsubstantiated estimates or accusations, and in a way that ensures the protection of public funds and enhances oversight of the management of government resources and assets.

In a related development, former MP Amir Al-Maamouri revealed earlier in televised statements shocking figures regarding the amount of money spent by departments and institutions, indicating that about 118 trillion dinars were withdrawn to implement projects or activities, without any documentation or paperwork to provide statements for settling the amount.

Al-Maamouri said that large sums of money were withdrawn from departments and institutions to implement projects or activities, but that these funds were not provided with any official documents or records that would allow for the financial settlements to be made for them, which raises questions about the fate of these funds, how they were spent, and who is responsible for spending them.

This comes at a time when the issue of state-owned banks’ funds raises additional questions about the extent to which liquidity withdrawals are related to the restructuring of state-owned banks, and whether the restructuring was used as a justification for withdrawing the liquidity of these banks, as well as questions about the mechanisms used to protect depositors’ funds and ensure that they are not touched during any financial or administrative operations related to the restructuring.

According to the information presented, the file calls for a comprehensive financial and legal audit to determine the amount of funds withdrawn, how they were spent, and the beneficiaries, as well as to disclose the relevant documents and evidence, and to determine the legality of the procedures followed in the withdrawal and settlement operations.

https://www.shafaq.com/ar/اقتصـاد/دون-وليات-الكشف-عن-سحب-118-تريليون-دينار-لتمويل-الرواتب-والمشاريع

Money And Gold Seized... Details Revealed About The Raid On The Sudanese Man's Brother's House

2026-08-08   Shafaq News - Baghdad    A security source reported on Saturday that the house of the brother of former Prime Minister Mohammed Shia al-Sudani in Baghdad was raided, and pieces of gold and money were found.

The source told Shafaq News Agency that "the force holding the ground in the Kadhimiya area, in cooperation with the intelligence of the Second Division and the Federal Intelligence and Investigations Agency, raided the house of Abbas Shia Al-Sudani."

He added, "In the house, 29 pieces of gold or silver were found, 24 pieces of various prayer beads of unknown type, 5 various watches of unknown type, one tablet (iPad), a used phone, and an amount of ten million Iraqi dinars only."

He explained that "the force withdrew without any incident, and the seized items were handed over to the Kadhimiya police station. Currently, a detachment of the Federal Police is present at the house, until the house is taken over by the Federal Integrity Commission."

The Federal Integrity Commission denied this morning that it had raided the home of the brother of a former prime minister in Kadhimiya.

In a statement, the commission said, "We deny what has been circulating on some social media sites regarding a team affiliated with us inspecting the house of the brother of the former Iraqi Prime Minister in the Kadhimiya area

https://www.shafaq.com/ar/أمـن/ضبط-موال-وذهب-الكشف-عن-تفاصيل-مداهمة-منزل-شقيق-السوداني

Parliamentary Committee: Parliament Intends To Pass 50 Laws In The Current Legislative Session.

The Parliamentary Legal  Committee revealed on Saturday that the number of laws it intends to pass in the current parliamentary session amounts to about fifty laws, noting that it has completed the first reading of thirty of them.

Thaer Jassim Al-Kaabi, a member of the Parliamentary Legal Committee, told Al-Maalouma News Agency that “the number of laws that the Parliamentary Legal Committee intends to present for the first and second readings, and then vote on during the current parliamentary session, amounts to fifty laws,” indicating that “his committee has completed the first reading of about 30 laws so far.”

He added that "Parliament has not yet been able to vote on any law due to the formation of the government, as well as the political problems and circumstances and the financial crisis that Iraq is going through," expecting that "the parliamentary session will witness the passage of the largest number of draft laws and proposals."

https://almaalomah-me.translate.goog/news/140626/politics/لجنة-نيابية:-البرلمان-ينوي-تمرير-50-قانونا-في-الدورة-التشريع?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Liquidity Crisis Puts Pressure On The Government... Prime Minister's Advisor Reveals Options For Securing Salaries

The Information/Baghdad...  The Prime Minister's financial advisor, Mazhar Muhammad Salih, confirmed on Saturday that the government is facing a critical situation regarding securing salaries for employees and retirees, relying on collecting available resources on a monthly basis. He described the proposal to resort to a "digital dinar" to address the crisis as unrealistic.

Salih told Al-Maalouma, "The government and the Ministry of Finance cannot secure salaries through internal borrowing or direct withdrawals from the country's cash reserves."

He explained that "this contradicts Central Bank Law No. (56), particularly Article (26), which prohibits the government from withdrawing or borrowing."

He added that "the only viable solutions currently available may push towards external borrowing, which is a very costly option and will impose additional financial burdens on the state due to the high interest rates imposed on loans."
Salih clarified that "current political and security indicators and realities point to an imminent breakthrough regarding the resumption of regular oil exports through the Strait of Hormuz, which may contribute to alleviating the severity of the current financial crisis."

Saad al-Awadi, deputy head of the National Approach parliamentary bloc, had proposed securing salaries for employees and retirees through a "digital dinar," aiming to address the cash liquidity crisis in Iraq. End/25

https://almaalomah-me.translate.goog/news/140584/economy/أزمة-السيولة-تضغط-على-الحكومة-مستشار-رئيس-الوزراء-يكشف-خيارا?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Apple Pay Coming Soon To Iraq As Digital Payments Expand

Credit Bank of Iraq says Apple Pay will soon be available in Iraq, adding an international digital-payment option as the country modernizes its banking sector.

2026-08-07 11:37    U.S. Treasury Department Apple Pay in Iraq Credit Bank of Iraq NBK Banking Reform in Iraq

ERBIL (Kurdistan24) - Apple Pay will soon be available in Iraq, Credit Bank of Iraq announced Friday via its website, opening the prospect of contactless payments through compatible Apple devices as the country's financial sector moves toward wider use of digital banking services.

The announcement means customers will be able to register eligible NBK cards on Apple devices and use them for electronic purchases where Apple Pay is supported. Credit Bank of Iraq, an Iraqi subsidiary of National Bank of Kuwait (NBK), operates branches in Baghdad, Basra and Erbil.

NBK already offers Apple Pay in markets including Kuwait and Bahrain.

The bank did not provide a specific launch date or details on participating cards, merchants, fees or transaction limits, so the announcement should not be understood as confirmation that Apple Pay is already operational nationwide.

Apple Pay Comes to Iraq

For Iraqi consumers, the planned introduction would bring an internationally established digital-payment platform into the country's increasingly evolving electronic payments environment.

The development also places Credit Bank of Iraq, which is majority-owned by NBK, at the center of a shift toward payment services that rely less on physical cash and more on digital transactions.

The announcement itself, however, does not establish a direct connection between Apple Pay and the broader U.S.-backed banking reform process.

Instead, the two developments illustrate different aspects of Iraq's financial modernization: the expansion of digital services for consumers and efforts to strengthen the regulatory and institutional foundations of the banking system.

Banking Reform Underway

The broader banking sector is undergoing a lengthy reform process led by the Central Bank of Iraq, with compliance, governance and transparency becoming increasingly important to international financial relationships.

The U.S. Treasury's Office of Terrorism and Financial Intelligence said in July that Iraqi banks could become eligible for reintegration into non-U.S.-dollar correspondent banking channels after completing the first phase of the Central Bank's reform program and meeting required compliance and governance standards.

Treasury said banks seeking eventual access to U.S.-dollar transactions would face additional requirements, including a satisfactory third-party compliance audit, a qualified institutional investor and international "fit and proper" standards.

The reforms are intended to improve the integrity and international connectivity of Iraq's banking sector, according to Treasury. They also reflect concerns that have prompted U.S. action against individual Iraqi banks and financial executives.

Why Some Iraqi Banks Faced U.S. Restrictions

The U.S. measures have targeted specific institutions and individuals that Washington says were involved in money laundering, sanctions evasion or financing Iran-aligned armed groups, rather than imposing a blanket restriction on Iraq's banking sector.

In January 2024, the U.S. Treasury identified Al-Huda Bank as a "primary money laundering concern," alleging that the institution had been used by Iran and its proxy groups to move funds and support terrorist organizations. Treasury said the bank's activities could divert resources away from legitimate Iraqi commerce and undermine the country's financial system.

Treasury has also accused Iraqi banking executives of using their positions to generate revenue and launder money for Iran's Islamic Revolutionary Guard Corps-Quds Force and Iran-aligned Iraqi militias, including Kata'ib Hizballah and Asa'ib Ahl al-Haq.

In 2025, Treasury said those individuals had exploited several Iraqi commercial banks for such purposes.

The concerns have a longer history. In an earlier case, Treasury said Al-Bilad Islamic Bank had been used to facilitate the movement of funds from Iran's Quds Force to Hezbollah, resulting in U.S. sanctions against the bank and its chairman.

Reuters has likewise reported that U.S. and Iraqi authorities have restricted a number of Iraqi banks from conducting U.S.-dollar transactions amid efforts to combat money laundering, dollar smuggling and sanctions evasion, while those institutions remain able to operate in other currencies.

US-Iraq Financial Cooperation

Against that backdrop, Washington has increasingly linked access to international financial channels with stronger banking controls.

The Treasury said in July that its cooperation with Baghdad is aimed at improving transparency and integrity while combating money laundering and illicit finance.

It also said that banks authorized to conduct international-currency transactions would have an opportunity to establish correspondent relationships with international financial institutions after meeting the required standards.

Treasury Secretary Scott Bessent made the broader relationship explicit during his July 16 meeting with Iraqi Prime Minister Ali Al-Zaidi, reaffirming U.S. cooperation with Baghdad and the Central Bank of Iraq to combat illicit finance and strengthen the country's financial sector.

The planned arrival of Apple Pay is separate from those regulatory measures, but it comes at a time when Iraq's banking system is seeking greater integration with modern digital and international financial infrastructure.

For consumers, the immediate significance is straightforward: a major global digital-payment service is preparing to enter the Iraqi market.

For the banking sector, the announcement comes amid a broader effort to build institutions capable of supporting more secure, transparent and internationally connected financial services.

https://www.kurdistan24.net/en/story/930943/apple-pay-coming-soon-to-iraq-as-digital-payments-expand

Government Sources: Al-Zaydi Rejected A Proposal From Al-Humaidawi And Al-Kaabi To Freeze" The Factions' Weapons For Two Years To Buy Time

latest news Saturday, August 8, 2026   Baghdad - One News - Sources close to the Iraqi government said that the Hamidawi and Kaabi factions submitted a proposal to freeze weapons for two years in an attempt to buy time, but Prime Minister Ali al-Zaidi rejected this proposal and insisted on the date set for handing over weapons on September 30.

According to the sources, the proposal aims to stall until the end of US President Donald Trump’s term and the end of the US-Iranian conflict becomes clear.

However, the government considered any obstinacy in refusing to hand over weapons to be linked to an attempt to gain more political and economic advantages, especially since these two factions own companies and private banks, some of which are fronts for Iran, which means that targeting them means striking the economic nerve and the main center of funding for them.

https://1news-iq.net/مصادر-حكومية-الزيدي-رفض-مقترحاً-من-الح/

FRANK26….8-8-26…..CITIZENS…REPEAT AFTER ME !!!

KTFA

Saturday Night Video

FRANK26….8-8-26…..CITIZENS…REPEAT AFTER ME !!!

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=Zdmta7ZwNMg

Ariel: The Sovereign Currency Exemption

Ariel: The Sovereign Currency Exemption

8-8-2026

Why POTUS Is Unbothered About The Clarity Act:

1.4B crypto holdings creating an ethics conflict that stalls the bill. Let them. While the Deepstate blocks the Clarity Act to “protect” the system from his wallet, they are accidentally freezing the Cabal’s off-ramps.

If Trump pushed the bill hard, the Senate would just water it down with centralized carve-outs. By letting Thune stall, Trump forces the SEC to keep its enforcement posture.

The SEC’s existing securities framework is stricter and has zero Congressional loopholes. Trump is using Democratic obstruction to get a harder regulatory framework than legislation would ever allow.

We Are Giving Congress Way Too Much Credit

Trump learned from his first term that rushing legislation gives the Deepstate time to embed sabotage. He is letting them exhaust their resources fighting a legislative battle that is already obsolete.

The Clarity Act is the public-facing door; the SEC enforcement and the sovereign digital rail (Iraq/Apple) are the back window. The Cabal is guarding the door while the actual reset climbs through the window.

We Mentioned This Earlier:

SEC would be way more strict on crypto regulation. Warren’s “not industry-written” line is pure D.C. extraction theater. She isn’t protecting consumers; she is protecting the bribery pipeline. When politicians write the rules, they write the escape hatches for themselves.

“Industry-written” in Warren’s lexicon means code written by developers that is mathematically absolute, permissionless, and immune to political carve-outs. She hates that.

• She can’t bribe a smart contract.

• She can’t lobby a blockchain.

• She can’t filibuster favoritism from Wall Street.

Politicians writing rules guarantees the Cabal retains the master keys to the financial system.

Warren’s push for “strict infrastructure rules” is a smokescreen for centralized control. She wants the SEC to act as the gatekeeper so her donors in the legacy banking sector can extract rent on every digital transaction.

Strict rules don’t hurt BlackRock; they hurt decentralized competitors who can’t afford the compliance overhead. Warren is lobbying to price out the competition under the banner of consumer protection. It is pure, uncut rent-seeking.

CoinTelegraph:INSIGHT: Senator Elizabeth Warren says the U.S. needs crypto legislation, but not legislation "written by the crypto industry to protect and advance the crypto industry."

The Sovereign Currency Exemption:

You All Need To Understand This One Thing

The Clarity Act regulates digital assets, securities, and tokens. The Iraqi Dinar is a sovereign foreign currency. When Iraq drops the three zeros and pegs the new tokenized dinar to their gold, it enters the global market as a foreign exchange instrument, not a crypto security. Forex operations fall under Treasury and CFTC jurisdiction, not the SEC.

The Clarity Act could die tomorrow and the IQD RV still executes flawlessly. Trump isn’t pushing the Act because he doesn’t need it to cash out the currency reset specifically the Iraqi Dinar.

This Will Not Get Any Clearer Than This

Iraq is not panicking.

The SEC is not panicking.

The president is not panicking.

You are the ones that are losing your wits. Understand what the Clarity Act is and what it is not. You are already in prime position to take advantage of what is going to occur. You already know the conditions POTUS set forth for complete US Troop removal out of Iraq. None of that has changed. This is why you are watching Iraq take continuous steps to resolve their liquidity crisis.

Majeed KSA:MP Saad al-Awadi proposed launching a central bank-issued digital Iraqi dinar to deposit salaries into electronic wallets, resolving Iraq’s cash liquidity crisis and ensuring timely payments without reliance on physical currency.

Read full post here:  https://dinarchronicles.com/2026/08/08/prolotario-the-sovereign-currency-exemption/

News, Rumors and Opinions Saturday 8-8-2026

Ross: October will be a Big Month for Iraq

8-8-2026

Iraq’s authorities ordered all security posts to intensify vehicle inspections nationwide and take legal action against any driver transporting prohibited items.

This includes civilian and military/security vehicles. No exceptions. The order came less than 24 hours after Prime Minister Ali Al-Zaidi (as Commander-in-Chief) raised the nationwide alert level, combat readiness, and canceled leave for commanders and unit leaders.

Stability + state monopoly on force creates the foundation for the revaluation of IQD:

• Foreign investment does not flow into a country where parallel armies can still move weapons at will.

• Banking and fiscal reforms, budget discipline, and any serious currency work require the central government to actually control the territory and the institutions.

• HCL / oil law progress, Kurdistan deals, and long-term reserves management all get easier when the state is visibly asserting control rather than negotiating with factions.

• International perception shifts when Baghdad is seen enforcing its own red lines instead of issuing statements.

This fits the pattern since he took office in May:

• Reviving real Commander-in-Chief authority

• Anti-corruption “Dawn Crackdown” (arrests of political/business figures, inspections of official convoys, recovery of public funds)

• Forcing the weapons-under-state question into the open instead of kicking it down the road

• Making clear that Iraq will not be used as a launchpad against neighbors

Pay attention to what happens between now and SEPTEMBER 30th.

October will be a big month.

This meeting sits in a clear sequence of activity under the same leadership and converging quickly toward the September 30th deadline which I predict lines October up to be a big month for IQD.

• Late July: Ministry of Finance announced formation of a national digital transformation team for public finance automation, aligned with the government’s financial/administrative reform program and international standards.

• July 27: Same Undersecretary reviewed stages of the TSA platform development — building a digital system for government bank accounts with real-time cash flow visibility.

• August 5: Ali Karim met a World Bank team (led by Emmanuel Salinas) and formally started work on the executive digital transformation roadmap for MoF, including assessment of the current institutional reality, priorities, timelines, and performance indicators.

• Today: Follow-up execution meeting on the concrete systems (IFMIS + TSA + tax/customs).

The fact that the same senior official is driving the national team, the World Bank roadmap, the TSA platform, and today’s prioritization meeting shows focused attention rather than box-checking.

Keep watching implementation metrics and the speed at which these systems actually go live.

I predict between now and September 30th.

AnnaMarieF:Ministry of Finance: In confirmation of institutional reform efforts, the Undersecretary of the Ministry of Finance, Dr. Ali Karim Hussein, chaired a meeting of the Digital Transformation Team to follow up on the automation of public finance, and to discuss the priorities of (IFMIS) projects and the Unified Treasury Account (TSA), as well as the automation of taxes and customs to enhance transparency and efficiency.

Starlink didn’t just appear in Iraq overnight.

The groundwork had been in motion for months.

But the new government flipped the switch — license signed July 17, live service by July 29.

Under two weeks.

That’s why the CMC is already warning the public: there are still no official agents, and anyone claiming to be one is a scammer.

Demand outran the regulated channels.

The sense of urgency to get the Iraqi population online is a clue to the work being done behind the scenes that will set IQD up for revaluation.

Read full post here:  https://dinarchronicles.com/2026/08/08/ross-october-will-be-a-big-month-for-iraq/

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

Frank26  There's only one option for the monetary reform of the Iraqi dinar, raise the value of the exchange rate and add value to it...

Jeff  We saw two articles that said the completed formed government is what allows Iraq to enact the major reforms...A completed government is going to happen very close to the timing of the rate change...I personally think once they complete the cabinet, they'll change the rate within days of that.  They'll be very close to each other.

Reset Intelligence  Back in April, Washington blocked its cash shipments to Iraq to force Baghdad's hand on the militias. This week the plane was reloaded with $500 million. Nobody freezes half a billion dollars as punishment and then quietly releases unless they got what they want.Somewhere between April and August, Baghdad did the thing Washington asked of them.  Meanwhile the salaries are late, parliament is being dragged in on its day off, the street dollar is at its widest gap in weeks, and the US Senate is headed for an extra long weekend. ICYMI, Nixon closed the gold window on a Sunday night. 55 years ago. Keep one eye open on this weekend.

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

BRICS Nations Developing Alternative Gold and Silver Markets - The Freedom Report

Kinesis Money: 

In this episode of The Freedom Report, Rob Kientz explores how BRICS nations are building alternative gold and silver markets designed to challenge the long-dominant Western duopoly of Comex and the LBMA.

Across two back-to-back presentations, he walks through the new Hong Kong gold gateway, Singapore's physically-settled exchanges, Russia's expanding Moscow Exchange and the BRICS gold-backed settlement network known as "the Unit".

Rob then turns to silver, arguing its recent sell-off is a mid-cycle lull rather than the end of the run.

He points to China's grip on refining, its shift to net importer, and silver's critical-mineral status — and what the West-to-East shift could mean for anyone holding gold and silver.

https://www.youtube.com/watch?v=sTYIhtk2-Ck

Seeds of Wisdom RV and Economics Updates Saturday Afternoon 8-8-26

Good Afternoon Dinar Recaps,

U.S. Debt Repricing: Is the Financial System Demanding a Higher Cost to Borrow?

Rising long-term Treasury yields are raising a larger question for global markets: how much more will investors require to finance America’s growing debt burden?

OVERVIEW

• U.S. long-term borrowing costs remain elevated, with the 30-year Treasury yield around 5.2%, keeping pressure on the cost of financing government debt.

• Investors are increasingly weighing large government debt issuance, inflation uncertainty and reduced demand for long-duration bonds when determining the return they require to hold Treasury securities.

• If higher yields become structural rather than temporary, the consequences could extend beyond Washington, affecting interest rates, asset valuations, currencies, government budgets and global capital flows.

KEY DEVELOPMENTS

1. Long-Term Treasury Yields Remain Under Pressure

The 30-year Treasury yield reached approximately 5.21% on Friday, while the 10-year yield remained around 4.65% after moving lower following weaker-than-expected July employment data.

The important issue is not simply where yields are today, but whether investors are becoming comfortable demanding higher long-term returns to hold government debt.

2. The Market May Be Repricing Long-Term Risk

A growing body of market analysis points to several structural forces pushing borrowing costs higher: heavy government and corporate debt issuance, less demand for long-duration bonds and greater policy uncertainty.

This creates an important distinction between a temporary increase in yields caused by economic news and a more lasting repricing of the cost of capital.

3. The Federal Reserve Is Only One Part of the Equation

The Federal Reserve strongly influences short-term interest rates, but long-term Treasury yields are also determined by investor expectations about inflation, economic growth, government borrowing and future interest rates.

That means the Fed could eventually lower short-term rates while longer-term Treasury yields remain elevated if investors continue demanding a larger premium for holding long-duration government debt.

4. Higher Treasury Yields Spread Through the Financial System

Treasury securities serve as a foundational reference point for pricing many other forms of credit.

When Treasury yields remain high, mortgages, corporate borrowing, consumer credit and other financial assets can face higher financing costs. Higher yields can also make bonds more competitive with stocks, potentially changing how investors allocate capital.

5. The Bigger Question Is Debt Sustainability

The United States can continue financing its obligations, but higher interest rates make each refinancing cycle more expensive.

As more existing debt matures and is replaced with securities carrying today's higher yields, the government can face a gradual increase in interest expenses and fiscal pressure.

That is why the Treasury market deserves attention even when stock markets are performing well: the bond market determines the price of money underneath much of the financial system.

WHY IT MATTERS

The Treasury market is one of the most important markets in the world. Its yields influence government financing, corporate borrowing, mortgages, investment valuations and global capital flows.

A sustained increase in long-term yields could make it more expensive for governments to finance deficits and for businesses and households to borrow.

It could also complicate Federal Reserve policy. If inflation remains elevated while long-term yields stay high, policymakers face a difficult balance between supporting economic growth and maintaining price stability.

The broader concern is whether the financial system is entering an environment in which higher borrowing costs become the new baseline rather than a temporary market adjustment.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

• Currency value: Higher U.S. yields can attract international capital toward dollar-denominated assets, potentially supporting the dollar, although fiscal concerns can work in the opposite direction.

• Purchasing power: Higher borrowing costs can eventually increase the cost of mortgages, credit and government financing, placing pressure on household purchasing power.

• Capital flows: Global investors continuously compare Treasury yields with returns available in other countries. Changes in U.S. yields can therefore redirect international capital.

• Exchange rates: Significant changes in Treasury yields can alter expectations for the dollar and influence exchange rates against other major currencies.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Debt

The most direct Global Reset implication is Debt.

If investors require persistently higher yields to finance U.S. government borrowing, the global financial system must adjust to a higher cost of capital. Over time, that can influence fiscal policy, government spending, refinancing decisions and the ability of governments to carry increasingly large debt loads.

• Pillar 2: Assets

The second directly affected pillar is Assets.

Treasury yields provide a benchmark against which many other assets are valued. A structural rise in long-term yields can change the relative attractiveness of bonds, equities, real estate, commodities and other investments as global capital searches for the best combination of yield, liquidity and protection from inflation.

CONCLUSION

The important question is not whether the U.S. Treasury market is suddenly failing. It is whether investors are gradually demanding a higher price for financing America's debt.

That distinction matters because even a gradual repricing can have enormous consequences when applied to one of the world's largest debt markets.

If higher long-term yields become structurally embedded, governments, corporations, investors and households will all have to adapt to a financial system in which money is more expensive and debt carries a higher ongoing cost.

The potential financial reset may begin not with a single dramatic event, but with the market steadily repricing the cost of debt.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

• Reuters — "US stocks, bonds rally after soft jobs report; yen bounces back"

• MarketWatch — "There are good reasons higher bond yields are here to stay"
  ‍ ‍

~~~~~~~~~~

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Iraq Economic News and Points To Ponder Saturday Afternoon 8-8-26

Brent Up 1% As Markets Weigh Hormuz Risks

2026-08-07 Shafaq News  Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, ​suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed ‌rules.

Brent crude futures rose 80 cents, or 0.97%, to $83.29 a barrel by 0303 GMT. U.S. West Texas Intermediate futures rose 64 cents, or 0.83%, to $77.93.

Oil futures settled up at over $3 a barrel on Thursday as Iran reviewed a bill to ban U.S. and Israeli vessels ​from the Strait of Hormuz where roughly a fifth of the world’s oil and liquefied natural gas ​transmitted before the war began at the end of February.

Prices fell earlier in the week ⁠as a possible solution to the ongoing conflict looked more likely but benchmark Brent breached $80 on Thursday after ​falling below that for the first time since July 13. Both benchmarks were headed for a weekly loss of about 8%.

Analysts ​said the events that have unfolded this week signalled that the hostilities between Iran and the U.S. are not yet over.

"The proximate trigger is more specific, it's (oil prices) reacting to Iran's published draft plan for Hormuz transit conditions, which would ban U.S. and Israeli ​vessels and require other 'hostile' countries to pay compensation before passage," said Lin Ye, vice president of commodities market – ​oil at consultancy Rystad Energy.

"That's not the market pricing in a bad deal, it's pricing in confirmation that whatever emerges is a ‌managed/conditional ⁠corridor, not a restoration of normal flow," Ye added.

An Iranian lawmaker said a parliamentary committee is reviewing a preliminary bill to ban U.S., Israeli and other vessels deemed hostile from the Strait of Hormuz, and fine violators of the proposed restrictions up to 20% of cargo value, according to Fars news agency.

Iran is seeking fees of between 5% ​and 7% of the price ​of cargoes from ships ⁠using the strait, according to the senior Iranian official. Oman is discussing fees of around 3%, while Washington wants no fees at all.

Four industry sources have said the proposed deal is ​not easily workable due to U.S. sanctions and restrictive insurance clauses on any payments.

"This ​week’s signals ⁠on a potential Iran-Oman transit deal have driven a roller-coaster ride in market sentiment but as of now, (it is) left it in the dark as to what needs to happen for the agreement to be clinched," said Vandana Hari, founder ⁠of oil ​market analysis provider Vanda Insights.

Meanwhile, Yemen's Houthis said they carried out missile ​and drone attacks on "Saudi deployments" in Marib and Hadramout in Yemen on Thursday.

U.S. President Donald Trump on Thursday told reporters that he believed the ​war would be over soon.  (REUTERS)

https://www.shafaq.com/en/Economy/Brent-up-1-as-markets-weigh-Hormuz-risks

India's Reliance Pays Record $25M To Ship Iraqi Crude

2026-08-07 Shafaq News- New Delhi   India's Reliance Industries has agreed to pay a record $23 million to $25 million to charter a supertanker to transport Iraqi crude oil, highlighting soaring shipping costs and a shortage of vessels operating in the Gulf, three shipping sources told Reuters on Thursday.

Reliance booked the tanker to load 2 million barrels of Iraqi crude at 1,200 World Scale, equivalent to about 12 times the benchmark freight rate. Before the US-Iran war began in late February, similar voyages typically cost around $2 million, or 0.8 to 0.9 times the benchmark rate. The tanker will be supplied by South Korea's Sinokor, one of the few shipowners that continues to operate through the waterway despite growing security risks.

Despite the record freight costs, the sources said Reliance is still expected to save millions of dollars because Iraq's state oil marketer SOMO is offering crude at discounts of $25 to $30 per barrel against Dubai benchmarks to encourage buyers to lift cargoes from terminals in Hormuz.

A day earlier, Reuters reported that shipping traffic through the strait had fallen sharply as markets monitored Iran-Oman talks on reopening the strategic waterway. Vessel-tracking data showed only 33 ships transited the strait between Monday and Thursday, down from 50 during the same period a week earlier.

Iraq's oil revenues have declined sharply this year. SOMO figures showed the country earned $18.679 billion from exporting 268.1 million barrels of crude in the first half of 2026, compared with more than 606 million barrels exported during the same period of 2025.

https://www.shafaq.com/en/Economy/India-s-Reliance-pays-record-25M-to-ship-Iraqi-crude

Syria Exports 2M Tons Of Iraqi Oil Via Baniyas

2026-08-07 Shafaq News- Damascus   Syria exported more than 2 million metric tons of Iraqi oil through Baniyas Port under the transit system since the beginning of the year, the Syrian General Authority for Land and Sea Border Crossings stated on Thursday.

About 30 tankers carrying fuel oil and refined petroleum products transported the shipments through the port, which received 108 tankers loaded with about 3.23 million metric tons of various petroleum products since the beginning of 2026.

Read more: Kirkuk–Baniyas Pipeline: Iraq’s direct oil lifeline to the Mediterranean

Last month, Iraq and Syria signed a US-sponsored memorandum of understanding to restart the Kirkuk-Baniyas oil pipeline, paving the way for Iraqi crude exports to Mediterranean ports through Syrian territory. The project aims to diversify Iraq's export routes and strengthen economic cooperation between the two countries.

Read more: Preparatory studies begin on Kirkuk-Baniyas pipeline rehabilitation

https://www.shafaq.com/en/Economy/Syria-exports-2M-tons-of-Iraqi-oil-via-Baniyas

Currency Issuance Rose 13.8 Percent Through May

2026-08-07 Shafaq News- Baghdad   Iraq's currency issuance rose 13.8 percent in the first five months of 2026, reaching about 113.56 trillion Iraqi dinars (about $86B) by the end of May, an increase of 13.761 trillion dinars from the close of 2025 (about $10.4B), the financial and economic adviser to the prime minister, Mudhhir Mohammed Salih, told Shafaq News.

Salih said the rise was an exceptional response to a sharp fall in oil revenue, not a monetary expansion meant to stimulate demand.

Currency issuance refers to the total value of banknotes the Central Bank of Iraq has put into circulation. The figure stood at 99.799 trillion dinars at the end of December 2025, according to data tracked by Shafaq News.

The measure climbed to 101.431 trillion dinars in January 2026, 104.614 trillion in February, 108.985 trillion in March, and 112.896 trillion in April, before reaching 113.560 trillion in May, according to the Shafaq News survey. The largest monthly rise came in March, at about 4.371 trillion dinars, followed by 3.911 trillion in April.

The expansion coincided with a financial crisis tied to a steep drop in oil exports, Salih said. Iraqi exports fell to about 15 percent of their usual levels as a result of the Strait of Hormuz conflict —the waterway through which Iraq shipped about 95% of its total oil exports— before recovering to around 30 percent. The issuance met the government's need for liquidity to cover public-sector salaries and essential spending amid the revenue shortfall, rather than to expand demand, he added.

Read more: Iraq turns to bank borrowing to cover August salaries amid oil-revenue collapse

Most of those funding needs were met by widening domestic public debt through treasury bills, which state banks bought and then rediscounted at the central bank; as a result, the bank now holds more than 60 percent of government debt instruments in its investment portfolio, according to Salih.

Salih described the rise as "an exceptional response to a temporary external financial shock," rather than a sign of monetary or financial breakdown.

The risk of the expansion should be judged by monetary stability indicators rather than the size of issuance alone, Salih said. Foreign reserves still covered the money supply above the 75 percent threshold that international practice treats as a marker of a sound monetary position, and annual inflation held steady at about 4.5 percent, indicating the increase had not yet translated into broad inflationary pressure.

Read more: Delayed 2026 budget pushes Iraq toward 2027 plan

Sustaining the path over a long period carries growing risks, Salih cautioned. Repeated reliance on monetizing public debt through the central bank could generate inflationary pressure over time, or erode reserve coverage, if oil revenue does not recover sufficiently.

“Monetary policy in the next phase would depend, in coordination with fiscal policy, on preserving reserve adequacy, limiting monetary financing of the deficit, and rebuilding balance between public revenue and government spending as oil conditions improve.”

The pace slowed at the end of the period, with the monthly increase falling to about 664 billion dinars in May, according to Shafaq News survey.   *1 US dollar = 1310 dinars

https://www.shafaq.com/en/Economy/Currency-issuance-rose-13-8-percent-through-May

Basrah Crude Drops Over 2% On The Week

2026-08-08 Shafaq News- Basrah   Basrah Heavy and Medium crude posted weekly losses of $1.42 a barrel, or 2.56% and 2.49%, respectively, despite rising in the final trading session, while global oil prices closed lower.

Basrah Heavy gained $2.16 a barrel, or 4.10%, in the final session to settle at $54.79. Basrah Medium also rose $2.16 a barrel, or 3.92%, to close at $57.09.

Global oil futures ended the session lower. West Texas Intermediate fell $0.23, or 0.30%, to $77.06 a barrel, while Brent declined $0.30, or 0.36%, to $82.19.

https://www.shafaq.com/en/Economy/Basrah-crude-drops-over-2-on-the-week

US Dollar Edges Lower In Baghdad And Erbil

2026-08-08 Shafaq News- Baghdad/ Erbil   The US dollar opened Saturday's trading lower in Iraq, hovering around 152,000 dinars per 100 dollars in Baghdad and Erbil.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 152,000 dinars per 100 dollars, down from Thursday's 152,050 dinars.

In the Iraqi capital, exchange shops sold the dollar at 152,500 dinars and bought it at 151,500 dinars.

In Erbil, selling prices stood at 152,150 dinars and buying prices at 152,050 dinars.

https://www.shafaq.com/en/Economy/US-Dollar-edges-lower-in-Baghdad-and-Erbil-9

Gold Prices Rise In Baghdad, Erbil Markets

 2026-08-08 Shafaq News- Baghdad/ Erbil   On Saturday, gold prices hovered around 930,000 IQD per mithqal in Baghdad and Erbil markets, continuing their upward trend, according to a survey by Shafaq News Agency.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 937,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 933,000 IQD. The same gold had sold for 920,000 IQD on Thursday.

The selling price for 21-carat Iraqi gold stood at 907,000 IQD, with a buying price of 903,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 940,000 and 950,000 IQD, while Iraqi gold sold for between 910,000 and 920,000 IQD.

In Erbil, 22-carat gold was sold at 973,000 IQD per mithqal, 21-carat gold at 930,000 IQD, and 18-carat gold at 797,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-rise-in-Baghdad-Erbil-markets-7-1

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

Iraq Oil Minister Details Hormuz Talks, Production Outlook

 2026-08-08 Shafaq News- Baghdad  Iraq's Oil Minister Basim Mohammed Khudair confirmed on Saturday that the country is currently producing 2.7 million barrels of oil per day, with exports ranging between 1.5 and 1.7 million barrels daily, revealing that talks are underway with Iran to allow Iraqi oil exports through the Strait of Hormuz, though no agreement has yet been implemented.

Despite challenges linked to the strait, the ministry has managed to secure oil products for citizens, Khudair said at a press conference, adding that the ministry is working to develop the oil industry, increase production and exports, build infrastructure, boost investment, and attract global companies to optimally invest in oil and gas.

He noted that exploration teams affiliated with the ministry are conducting surveys in several provinces to offset depleted reserves, explaining that the ministry is pursuing two parallel tracks on the gas file: ending gas flaring and investing in gas fields. "Iraq spends large sums on gas, so we are working to invest in it, with 14 contracts awarded to global companies for this purpose.”

Khudair said his recent visit to the United States marked “a new chapter of cooperation with global companies,” stressing that the presence of American firms in Iraq “reflects the attractiveness of the country's investment environment.”

Global companies are capable of training Iraqi personnel and contributing to infrastructure development, as well as attracting large numbers of workers, Khudair stated, noting that the ministry signed memoranda of understanding and contracts covering seven provisions, including two contracts for developing fields and investing in associated oil and gas, alongside an annex to the Qurna-2 agreement and the Nasiriyah project and four blocks.

The minister also added that three memoranda of understanding signed with American companies would provide significant investment capacity, pointing also to a step related to an export project through the port of Aqaba.

The Basra-Fishkhabour pipeline project will be built under a build-operate-transfer (BOT) system, with a company handling construction and operation under an investment arrangement, according to the minister. Current oil output cannot reach previous levels, he said, but exports could return to prior volumes once the war ends.

On the oil agreement with Turkiye, Khudair said the deal had been renewed with certain conditions, while Ankara had proposed limiting the arrangement to oil transport with Iraqi participation in some projects, clarifying that the planned quantity of 700,000 barrels cannot be supplied through Kirkuk.

Regarding the oil and gas file in the Kurdistan Region of Iraq (KRI), Khudair confirmed the existence of a tripartite agreement between the federal government, the region, and oil companies, which can be amended through negotiation.

The ministry does not differentiate between citizens in Kurdistan and those in any other province, he stressed. “The KRI file requires extensive dialogue, with continued negotiation essential to reaching solutions that serve the national interest.” 

Read more: Iraq-US investment deals depend on implementation, experts say

https://www.shafaq.com/en/Economy/Iraq-oil-minister-details-Hormuz-talks-production-outlook

Ariel: Iraq Only has Two Options

Ariel: Iraq Only has Two Options

8-8-2026

The Forex Payback: Apple Rails, CBI Gold, and the End of the Iraq Occupation Ledger (Sept 30th Recoup?)

Iraq is going through financial crisis … no financial liquidity available for them.

They Only Have Two Options

• Use the cash reserve held in foreign countries to support the currency value or use the gold in CBI as collateral in order to get a loan to pay salaries, which is by itself is a huge risk losing it if they couldn’t pay back the loan

• Iraq can keep the gold at the central bank and back up the currency with it… and issue new notes without three zeros

From Majeed: – Yesterday, Iraq news channels saying the central Bank of Iraq opened a file they didn’t wanna open for a long time which is changing your exchange rate to solve the financial crisis. And now the CBI is discussing implementing it.

• The USA shipped $500 million to Iraq and they told them the amount is for traveling purposes, meaning anyone wanna travel out of Iraq they have to exchange their currency with dollars in order to leave the country. So the $500 million was not for salaries. The salary crisis need the rate to be changed.

• The minister of finance in Iraq will be meeting with the parliament tomorrow, Saturday to see why the country is bankrupt.

The CBI Gold Asset Backing vs. Collateral Loan

Iraq’s liquidity crisis has forced the CBI to open the exchange rate file because the alternatives are systemic s*****e. Pledging the 33 trillion dinars worth of gold as loan collateral risks losing the sovereign reserve to IMF/Cabal debt structures if Iraq defaults. It is a trap.

The second option backing the currency with the gold and issuing new notes without three zeros is the White Hat path. Deleting the zeros is a redenomination, but backing it with the physical gold at CBI transforms it into a sovereign revaluation. It recapitalizes the currency internally without Cabal debt strings. The Finance Minister’s emergency parliament session Saturday is to formalize this path. The liquidity crisis is the crisis required to justify the reset.

The September 30 Deadline

Sept 30, 2026, is the end of the U.S. fiscal year. This is the mechanical hard stop for the current budget cycle. It is not an arbitrary date; it is the operational fuse.

If Iraq executes the three-zero deletion and digital wallet rollout before Sept 30, the new exchange rate hits the global system before the U.S. has to reconcile its own FY2026 books. The U.S. Treasury’s foreign currency valuations, the Fed’s swap lines, and the IMF’s SDR baskets all have to adjust to the new Iraqi rate in the next fiscal cycle.

Furthermore, Congressional appropriations and continuing resolutions expire Sept 30. If the Clarity Act remains stalled, the SEC steps in Oct 1 under existing law. The start of FY2027 is the legal trigger for SEC enforcement. The Q4 rate cuts inject the fiat liquidity, the SEC provides the regulatory framework, and the CBI provides the asset-backed digital currency.

All timelines converge on Sept 30.

Read Full Article:
https://www.patreon.com/Prolotario1/posts/forex-payback-of-166065353

https://dinarchronicles.com/2026/08/08/prolotario-iraq-only-has-two-options/

FRANK26….8-7-26….VIRTUAL REALITY

KTFA

Friday Night Video

FRANK26….8-7-26….VIRTUAL REALITY

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=bnwjCeIL5xA

MilitiaMan and Crew: Dinar Update | Facts You Won't Hear Elsewhere

MilitiaMan and Crew: Dinar Update | Facts You Won't Hear Elsewhere

8-7-2026

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.

Follow MM on X == https://x.com/Slashn

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=vHUDi30Bxeg

Iraq Economic News and Points To Ponder Saturday Morning 8-8-26

80% Of Money Is Outside Banks... Former Mp Calls For A New Strategy To Attract Hoarded Funds

Information/Baghdad...  Former MP Abbas Sarout confirmed on Thursday that 80% of Iraqi money is hoarded in homes, away from banks, noting the need to reconsider the strategy for attracting funds to the banking system.

Sarout explained to Al-Maalouma that "Iraq is suffering from a liquidity crisis that has begun to affect salary distribution, given that 80% of the money is hoarded outside banks.

This requires serious attention to adopt a strategy that creates incentives to encourage citizens from all walks of life to deposit their money in banks and adopt electronic payment methods, a strategy used in most countries worldwide."

He added that "this mechanism ensures the government's ability to distribute salaries, grant loans and advances, and conduct financial transactions," pointing out that "the majority of financial transactions in Iraq still rely on traditional methods, and this has many drawbacks."

He stressed "the necessity of citizens having confidence to deposit their money in banks, as this will create balance, sustain the flow of funds, and foster greater flexibility, particularly in ensuring the financial capacity to meet obligations." End/25

https://almaalomah-me.translate.goog/news/140427/economy/80-من-الأموال-خارج-المصارف-نائب-سابق-يدعو-لاستراتيجية-جديدة?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Iraq Moves To Cover 13 Trillion Dinar Deficit

Shanya Salar

At a Glance

• Deficit reaches 13 trillion IQD

• Revenues fall short of spending

• 50 trillion IQD needed by year-end

• Oil exports and reserves under review

Information obtained by Channel8 indicates that Iraq is facing a 13 trillion Iraqi dinar fiscal deficit during the first five months of the year, prompting the government to consider expanded oil exports, customs reforms, debt recovery, and the possible use of foreign currency reserves to cover its financial obligations.

Key Statements and Focus Area

• Government spending reached more than 46 trillion IQD, compared with 33 trillion IQD in revenues during the first five months.
  

• Iraq requires an additional 50 trillion IQD over the remaining five months to cover salaries and core operating expenses.

• Authorities are targeting exports of up to 750,000 barrels per day through Ceyhan while increasing output from the Kirkuk fields.

• Iraq holds approximately $93 billion in foreign currency reserves that could be used to absorb financial pressures.

Iraq recorded a fiscal deficit of approximately 13 trillion Iraqi dinars during the first five months of the year, as government expenditures exceeded revenues.

Public spending surpassed 46 trillion dinars, while total revenues reached around 33 trillion dinars, leaving a significant gap that Baghdad must address as it approaches the final five months of the year.

The government is estimated to require an additional 50 trillion dinars to maintain public-sector salaries and essential operating expenditures through the end of the year.

Baghdad is prioritizing increased crude exports as one of its main measures to strengthen state revenues.

Iraq is working toward exporting 750,000 barrels of crude oil per day through Turkey's Port of Ceyhan while also seeking to increase production from the Kirkuk oil fields.

To attract buyers and maintain market share, Iraq is offering discounts of between $27 and $30 per barrel on Basra Medium and Basra Heavy crude grades.

The government is also considering the Syrian route as an additional export channel.

Authorities are pursuing reforms at land and air border crossings to increase non-oil revenues and strengthen customs collection.

The government also intends to recover part of the approximately 64 trillion IQD in outstanding state advances and loans issued to citizens and companies.

These measures are intended to provide additional revenue without relying entirely on oil exports or new borrowing.

Iraq currently holds approximately $93 billion in foreign currency reserves, providing the government with a potential financial buffer during the current revenue shortfall.

Authorities could draw on the reserves to absorb part of the fiscal shock, similar to the approach taken in 2014, when reserves fell to approximately $38 billion as Iraq financed the war against ISIS.

The Iraqi Parliament is scheduled to hold an extraordinary session to discuss the country's financial situation and hear from the Minister of Finance.

The Parliamentary Finance Committee is also examining options, including external borrowing and the possibility of issuing additional currency.

Economic experts have warned that relying on new debt to finance recurring operational expenditures, particularly public-sector salaries, could create deeper structural problems for Iraq's finances.

FYI

Iraq's public finances remain heavily dependent on oil revenues, while salaries, pensions, and government operating costs account for a large share of recurring expenditure.

The current deficit has increased pressure on Baghdad to expand oil exports, strengthen non-oil revenue collection, recover outstanding state funds, and manage its foreign-currency reserves while avoiding financing recurring expenditures through unsustainable borrowing. https://channel8.com/english/news/63256

After Delays In Payment, A Member Of Parliament Proposes A "Virtual Currency" To Solve The Salary Crisis.

2026-08-07   Shafaq News - Baghdad      On Friday, Saad Al-Awadi, the deputy head of the National Approach parliamentary bloc, proposed a plan to secure the salaries of employees and retirees through the "digital dinar" and end the "cash crisis" in Iraq.  

In a statement received by Shafaq News Agency, MP Al-Awadi said that this initiative is "a comprehensive economic initiative to address the cash liquidity crisis and ensure the stability of salary payments for employees and retirees, through the launch of the (digital Iraqi dinar) and to facilitate access to financial entitlements for employees without the need to deal with paper money."    

He explained that "the initiative aims directly to save employees from the repercussions of delayed salaries and liquidity bottlenecks in banks and disbursement outlets, by depositing the salary as a digital, encrypted, and protected currency in local financial wallets, which allows citizens to use their salaries immediately to purchase needs and make electronic payments without waiting for (cash) to be available."    

Al-Awadi explained that “the current cash bottleneck is not due to a lack of resources, but rather to the hoarding and stockpiling of paper currency outside the banking system at record rates, stressing that reliance on the digital dinar approved by the Central Bank will eliminate salary delays, reduce operational costs for printing and transporting money, and provide protection for citizens’ purchasing power away from domestic borrowing policies.”  

He added that "the proposed roadmap also includes obligating the service and commercial sectors to accept digital transactions, and providing incentive packages and government guarantees to restore confidence in the banking sector."  

He called on the government, the central bank and the relevant parliamentary committees to hold an urgent joint session to develop the legislative and technical frameworks necessary for implementing the project.  

It should be noted that Iraq still lacks official cash platforms or electronic trading systems, and the most famous and widespread digital currencies traded globally, Bitcoin, are still not adopted on the ground in buying, selling and cash transactions https://www.shafaq.com/ar/سیاسة/بعد-ت-خر-صرفها-نا-ب-يقترح-عملة-افتراضية-لحل-زمة-الرواتب

MP Proposes Digital Dinar To Fix Iraq's Cash Shortage

2026-08-07 / Shafaq News- Baghdad   MP Saad al-Awadi, deputy head of the National Approach parliamentary bloc, proposed on Friday a plan to secure salary payments for state employees and retirees through a "digital dinar" and end Iraq's ongoing cash crisis.  

In a statement, al-Awadi said the initiative represents “a comprehensive economic plan to address the liquidity crisis and ensure stable salary disbursement through the launch of a digital Iraqi dinar,” easing access to financial entitlements for employees without requiring paper cash transactions.  

The plan aims directly to shield employees from the effects of salary delays and liquidity bottlenecks at banks and disbursement outlets, he explained, by depositing salaries as encrypted, protected digital currency into designated financial wallets, allowing citizens to immediately use their salaries for purchases and electronic payments without waiting for cash to become available.  

“The current cash bottleneck does not stem from a lack of resources but from paper currency being withheld and hoarded outside the banking system at record rates,” al-Awadi stressed, adding that reliance on a central bank-issued digital dinar would eliminate salary delays, reduce the operational costs of printing and transporting cash, and protect citizens' purchasing power without resorting to domestic borrowing policies.  

Read more: Iraq faces ‘cash-flow’ strain, not bankruptcy

His proposed roadmap also includes requiring service and commercial sectors to accept digital transactions, along with incentive packages and government guarantees to restore confidence in the banking sector.  

Al-Awadi called on the government, the Central Bank, and the relevant parliamentary committees to hold an urgent joint session to establish the legislative and technical frameworks needed to implement the project.  

Iraq still lacks official digital payment platforms or electronic trading systems, and globally circulated cryptocurrencies, most notably Bitcoin, the most widely used, remain unadopted in practice for buying, selling, and cash transactions in the country.  

Read more: Delayed public salaries push Iraq’s Diyalafamilies into debt

https://www.shafaq.com/en/Iraq/MP-proposes-digital-dinar-to-fix-Iraq-s-cash-shortage