Friday Iraq News Posted by Tishwash at TNT 8-28-2026

TNT:

Tishwash:  Voting on 9 ministries next week... Will the deadlock over the security ministries be resolved?

MP Mohammed Hadi revealed on Thursday that the Parliament is expected to vote on nine ministerial posts next week, noting that some minor disagreements remain regarding several ministries, particularly the security ministries.

Hadi told the Information Agency, "The Parliament will vote next week on nine ministries as part of the process of completing the cabinet," adding that "political negotiations are ongoing to resolve the remaining differences."

He further stated that "the existing disagreements regarding some ministries, including the security ministries, are still minor and can be overcome through dialogue and understanding among the political forces," emphasizing that there is a move to finalize the process and not leave the ministries vacant for an extended period.

He pointed out that "completing the cabinet is essential for the government to proceed with its work and implement its program, especially given the issues and challenges that require qualified ministers at the helm of the relevant ministries," adding that "the anticipated vote will be an important step towards finalizing the government formation process."   link

Tishwash: The Popular Mobilization Forces call for celebrations to mark the withdrawal of US forces at the end of next month.

The media director of the Popular Mobilization Forces, Muhannad al-Aqabi, called on Thursday for celebrations of the withdrawal of US forces at the end of the month, considering it a "great achievement" for the government, while noting the continuation of disengagement procedures, especially with Asaib Ahl al-Haq and Saraya al-Sham.

Al-Aqabi said during a press conference, which was attended by a correspondent from Shafaq News Agency, that "the government has accomplished a great feat in achieving Iraqi Sovereignty Day on September 30," adding, "The withdrawal of American forces should be celebrated at the end of September."

He added that the Popular Mobilization Forces continue to perform their duties, noting the implementation of several activities in the Karbala and Najaf deserts, which included dismantling remnants of the "ISIS" organization in the Makhoul Mountains.

Al-Aqabi stressed that the Popular Mobilization Forces are performing their duties "to the fullest extent".

Regarding the disengagement procedures, Al-Aqabi said that they are still ongoing, "especially with Asa'ib Ahl al-Haq and Saraya al-Sham."

This comes as part of a process launched by the Iraqi government to restrict weapons to the state and end the connection of armed formations with political parties and entities, after Muqtada al-Sadr announced the disassociation of the “Peace Brigades” from the Shiite national movement and their integration into state institutions, before “Asaib Ahl al-Haq” and “Kataib al-Imam Ali” announced similar steps that included forming committees to inventory individuals, weapons and vehicles and regulate their connection with official institutions.

The file still faces reservations from other factions, most notably Kataib Hezbollah, which refuses to hand over its weapons under American pressure.  link

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Tishwash:  American newspaper: The economic battle between Washington and Tehran has moved to Baghdad

 The American newspaper, The Christian Science Monitor, announced today, Thursday (August 27, 2026), that the economic battle between the United States and Iran has effectively moved to Iraq after the UAE halted all its economic dealings with Iran.

The newspaper, as translated by (Baghdad Today), said that the UAE’s suspension of its financial dealings with Iran as a result of the recent US sanctions “has moved the economic battle between the United States and Iran to Iraq,” as it described it.

She continued, "Iraq now represents the only remaining economic lifeline for Iran, as the United States has detected entities within Iraq 'converting millions of dollars into digital currency in preparation for transferring it to Iran,' stressing that Washington will have to deal with the money smuggling network from within Iraq to Iran in order to fully impose its economic blockade on Tehran."

The newspaper concluded its report by noting that the United States is aware that economic sanctions it might impose on Iraq to try to curb the influence of Iranian-affiliated economic networks within Iraq "will not achieve the desired result given the reluctance of Iraqis to use the banking system," as it described it  link

Tishwash:  How will the decline in foreign currency reserves affect the financial and economic situation in Iraq?

The US-Iran war and the repercussions of closing the Strait of Hormuz caused a decline in Iraq’s cash reserves, which decreased by about 30% due to the decline in Iraqi financial revenues after most oil exports stopped .

The Governor of the Central Bank of Iraq, Nizar Nasser, announced that Iraq’s cash reserves have decreased by about 30 billion US dollars as a result of the closure of the Strait of Hormuz and the economic consequences of the US-Iranian war .

Nasser said during a meeting with the parliamentary finance committee: “Iraq’s cash reserves at the Central Bank have decreased since the beginning of this year from $109 billion to only about $77.5 billion, a loss of $31.5 billion.” He pointed out that “most of the reserves that were spent were directed towards paying employee salaries.”

The decline in cash reserves has raised concerns among broad segments of Iraqis, especially employees, who fear that their salaries and financial entitlements will be affected by this decline .

Meanwhile, Member of Parliament Mahmoud Al-Shammari warned of a severe financial crisis that the country may face as a result of the decline in the level of Iraqi cash reserves .

Al-Shammari said in a press statement followed by “Al-Sa’a”: “The decrease in the percentage of cash reserves will have dire economic consequences for the country’s economy,” indicating that “the continuation of current economic policies without real solutions may increase the financial pressures facing the state.”

He pointed out that "the heavy reliance on oil has made the Iraqi economy vulnerable to fluctuations in global markets and crude oil prices," stressing "the need for the state to diversify the sources of the economy and not rely on oil as the main source of revenues ."

Economists are divided on the impact of the decline in Iraq’s monetary reserves on the overall financial and economic situation in the country. Some believe that this decline is normal and will not affect the financial situation, while others see it as a dangerous precedent, as it will severely deplete the monetary cover structure .

Financial and banking expert Mustafa Hantoush confirmed that the current state of cash reserves at the Central Bank of Iraq does not raise major concerns, despite the difficult conditions Iraq is facing due to declining financial revenues .

Hantoush told Al-Sa’a Network: “The Iraqi cash reserve was around $95 billion at the start of the crisis and war in the region, but it has declined to $79 billion at the present time,” explaining that “this decline is due to the Iraqi Central Bank adopting the coverage of financial transfers related to foreign trade on the one hand, and securing the salaries of employees that are provided to the government in the form of debt on the other hand .”

Hantoush pointed out that "this decline in reserves in itself does not pose a threat to the financial and economic situation, despite the seriousness of the general conditions resulting from the decline in oil exports and the decline in financial revenues," noting that "the current financial policy is good and is proceeding correctly in overcoming the crisis that the country is facing economically ."

Economic expert Abdul Rahman Al-Mashhadani asserts that the decline or rise of monetary reserves is unrelated to the strength of countries' economies, noting that the decline in Iraqi reserves does not mean entering a major financial crisis or the collapse of the value of the local currency .

Al-Mashhadani told Al-Sa’a Network: “The decline in the Iraqi Central Bank’s reserves is normal and has been expected for some time, due to the Central Bank’s commitment to financing the private sector’s foreign imports, which range between 4-5 billion dollars per month .”

He added that "this decline is expected because the Central Bank of Iraq receives small amounts of dollars, perhaps no more than one billion dollars per month, due to the decline in financial revenues," noting that "there is a deficit between what the Central Bank provides in amounts to cover foreign trade and what it receives in revenues, and this deficit is estimated at 3 billion dollars per month, and therefore it is natural for reserves to decrease from 98 billion dollars to 78 billion dollars during the past five months ."

Al-Mashhadani predicted "the continued decline in cash reserves as long as the current crisis continues and financial revenues decline, and as long as the Central Bank finances foreign trade, which is important to continue considering that the Iraqi market depends on imports from abroad by 80% ."

Al-Mashhadani praised the performance of the Central Bank of Iraq in dealing with the current crisis, stressing that the current situation and the decline in reserves does not mean entering into a serious financial and economic crisis, and that this decline will not affect the economic strength or the value of the Iraqi currency. He explained that the main objective of the Central Bank's reserves is to address the imbalance in the balance of payments related to foreign trade, defend the exchange rate, and achieve economic stability .

Al-Mashhadani noted that “the problem that caused the decline in the cash reserve is not limited to financing salaries or covering foreign trade, but includes Iraq’s almost complete dependence on imports to secure its needs, and its lack of dependence on Iraqi industrial or agricultural products, which it is forced to import, and thus pay sums of money from the reserve to secure them,” pointing out that “the difference in this area between Iraq and Iran, which is facing a siege and sanctions, but at the same time depends by 90% on its agricultural and industrial products, unlike Iraq, which depends on it by importing from abroad .”

On the other hand, economic analyst Omar Al-Halbousi believes that the decline in cash reserves indicates a serious financial and monetary situation, especially since it did not come suddenly, but rather as a result of the accumulation of major economic problems, including the disruption of productive sectors such as agriculture and industry, and the dependence on oil, whose export outlets have not been diversified by successive governments .

Al-Halbousi told Al-Sa’a Network: “The 30% decline in the cash reserve indicates a severe structural depletion of the cash cover and confirms the existence of an imbalance between oil revenues and government spending.” He explained that “this imbalance is due to the closure of the Strait of Hormuz, which led to a decline in oil imports, prompting the government to increase financial withdrawals to finance operational expenses and salaries, which led to the depletion of the cash reserve .”

He noted that “many specialists confirmed two years ago that Iraq would reach a stage of erosion of its cash reserves due to the flawed structural framework of the economy and the lack of diversification of economic sources in an environment witnessing influential conflicts that put rentier states in a predicament that pushes them towards eroding their reserves and entering a dangerous tunnel of collapse .”

Al-Halbousi continued: “The decline poses a serious and direct threat to economic and financial stability and weakens the country’s ability to cope with external shocks, in addition to the negative impact and limitation of the Central Bank’s ability to intervene to maintain monetary balance .”

He explained that "this decline puts pressure on the value of the Iraqi dinar against the dollar. When the size of the cash reserve decreases, the Central Bank's ability to inject sufficient dollar liquidity to control supply and demand weakens. This opens the door to widening the gap between the official price and the parallel price, which exacerbates the crisis and creates sharp upward pressures that push towards reducing the value of the dinar to avoid depleting what remains of the cash reserves, which will be followed by a wave of inflation that affects the purchasing power of citizens ."

Data from the Central Bank of Iraq showed that Iraq’s foreign reserves fell to $86 billion at the end of last June, a decrease of $11 billion, or 11.6%, compared to the end of 2025, when they stood at $97.432 billion .

According to the data, foreign reserves declined during the first months of 2026, after rising to $101.082 billion in January, then rising to $102.131 billion in February, then declining to $100.341 billion in March, then $97.809 billion in April, $93.673 billion in May, reaching $86.175 billion at the end of June .

This decline was also reflected in the value of foreign reserves in Iraqi dinars, as they decreased from 126.661 trillion dinars at the end of 2025 to 112.027 trillion dinars at the end of June 2026, a decrease of 14.634 trillion dinars, or 11.6 %.

Regarding gold, the data showed a decrease in its value from 31.488 trillion dinars at the end of 2025 to 29.415 trillion dinars at the end of June 2026, a decrease of 2.073 trillion dinars, or 6.6 %.

Investments within reserves also declined from 93.266 trillion dinars at the end of 2025 to 81.998 trillion dinars at the end of June 2026, a decrease of 11.268 trillion dinars, or 12.1 %.

As for the cash reserves in the vaults of the Central Bank of Iraq, they decreased from 1.907 trillion dinars at the end of 2025 to 614 billion dinars at the end of June 2026, a decrease of 1.293 trillion dinars, or about 67.8  link

FRANK26….8-27-26…..LEGAL REVOLUTION

KTFA

Thursday Night Video

FRANK26….8-27-26…..LEGAL REVOLUTION

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=6OtzpPA4k6Y

Iraq Economic News and Points To Ponder Thursday Evening 8-27-26

Al-Zaydi And Al-Hakim Discuss Completing The Government Formation And Unifying Positions To Support Reform And Development - 8/27/2026

Baghdad - One News - 8/27/2026   Prime Minister Ali Faleh al-Zaidi met on Thursday with Ammar al-Hakim, head of the National Wisdom Movement, to discuss developments in the country and the challenges facing Iraq at the present time. Both sides stressed the importance of unifying positions among political forces and completing the formation of the government.  

The Prime Minister’s Media Office stated that Al-Zaydi received Al-Hakim, and during the meeting they discussed the overall political situation and current challenges, and ways to enhance cooperation between national forces in a way that supports stability.  

Both sides stressed the need to unify positions and coordinate between the various political forces, in order to consolidate stability and move forward with reform and development.

The meeting also witnessed an emphasis on the importance of unifying visions and positions on key issues, and agreeing on completing the government formation, in order to enable the government to implement its program and development plans.

The meeting stressed that completing the cabinet is a crucial step to enhance the government's ability to implement its priorities and fulfill citizens' aspirations.   https://1news-iq.net/الزيدي-والحكيم-يبحثان-استكمال-التشكي/

Expected US Sanctions On Iraqi Companies And Banks For Dealing With Iran

US sanctions are looming over Iraq... Banks and companies are on the list!

August 27, 2026Last updated: August 27, 2026   The Independent - In the coming days, attention will turn to new American moves that may target Iraqi companies, individuals, and financial institutions, against the backdrop of dealings linked to Iran, at a time when Washington is escalating its economic campaign to isolate Tehran from the global financial system.

According to recent reports, the US administration has warned countries and companies that continue to do business with Iran that they could face secondary sanctions, including the risk of losing access to the US financial system. US Treasury Secretary Scott Bissent confirmed that Washington is moving to expand pressure on Iran's trading partners, including Iraq.

Why is Iraq in danger?

Iraq is considered one of the most sensitive countries to these measures due to the size of its economic relations with Iran, as the volume of trade between the two countries exceeded $10 billion during 2025, while Iraq pays billions of dollars annually for Iranian energy imports.

Concerns are growing for the banking sector, especially since the United States has already imposed sanctions on Iraqi banks for transactions linked to Iran, while Washington continues to monitor the movement of dollars and Iraqi financial transfers.

Who might be targeted by the sanctions?

If Washington moves from the warning phase to implementation, the focus may be on:

• Companies or businessmen who are proven to have direct dealings with Iranian entities subject to sanctions.

• Banks or financial institutions that facilitate transfers to sanctioned Iranian entities.

• Companies linked to the oil trade or Iranian oil smuggling operations under Iraqi cover.

• Shipping and transport companies are used to conceal the source of goods or money.

• Individuals suspected of involvement in money laundering networks or sanctions evasion.

This is not a new scenario; the US Treasury has previously targeted networks operating from Iraq in smuggling Iranian oil and imposed sanctions on companies and individuals it said helped Tehran circumvent sanctions.

The biggest danger: the dollar

Iraqi concerns are not only about the sanctions on specific individuals, but also about their repercussions on the ability of banks and companies to access the international financial system.

Iraq is heavily dependent on the US financial system for managing a key portion of its oil revenues and foreign reserves, so the inclusion of an Iraqi bank or company on sanctions lists could lead to difficulties in conducting dollar transfers, higher trade costs, and stricter banking audit procedures.
Reuters notes that more than $100 billion of Iraq’s reserves are in the United States, making Baghdad extremely sensitive to any US financial escalation.

Will Baghdad be punished in its entirety?

So far, there is no confirmed information about the issuance of a new American list of specific Iraqi names in the coming days, and therefore a distinction must be made between American warnings and expectations and the sanctions that have actually been issued.

However, current indicators suggest that Washington wants to put pressure on networks dealing with Iran without necessarily resorting to measures that would lead to the collapse of the Iraqi financial sector or completely disrupt the Iraqi economy.

On August 24, the US Treasury launched Operation Economic Outcast to tighten the economic noose around Iran and its networks, targeting dozens of entities, individuals and ships, and warning that those who help Iran could face US action.

What does this mean for the Iraqi market?

If the sanctions are expanded to include Iraqi institutions or companies, several consequences may arise:

First: Tightening control over foreign transfers and dollar purchases.

Second: Increased risks of dealing with companies and individuals linked to Iran.

Third: The possibility of increased demand for the dollar in the parallel market if concerns about banking restrictions increase.

Fourth: The high cost of imports and financial transfers for some traders.

Fifth: Increase pressure on the government and the central bank to prove Iraq’s commitment to anti-money laundering and sanctions financing rules. https://mustaqila.com/عقوبات-أمريكية-مرتقبة-على-شركات-ومصار/

Al-Fariji: Iraq Is Facing A Liquidity Crisis, And The Proposed Solutions Are “Emergency” Measures

Information/Baghdad...  Crisis management expert Ali al-Fariji explained on Thursday that Iraq is facing a genuine liquidity crisis following the recent events in the region, particularly in the Strait of Hormuz. He added that the solutions currently being proposed are merely stopgap measures.Al-Fariji told Al-Maalouma, "The delay in paying state employees' salaries should not be viewed as simply an administrative delay in funding procedures, because the problem is much deeper. Iraq is facing a real liquidity crisis directly linked to the decline in oil revenues, especially after the repercussions of the Strait of Hormuz crisis and the decrease in the amount of oil that Iraq can export and convert into cash revenues."

He added, "The government is not without solutions, but the problem is that most of the solutions currently being proposed are stopgap measures.

Salaries can be secured through liquidity management, reprioritizing spending, making limited and carefully considered use of domestic borrowing, and postponing some unnecessary expenditures. However, these measures only address the current month's problem and do not address the root cause if the decline in oil revenues continues."

He explained that "the crisis in the Strait of Hormuz has caused a significant decrease in oil exports and cash revenues since March. In some months, oil revenues have fallen to approximately $2-2.5 billion per month, compared to levels exceeding $6 billion under normal circumstances.

This means that Iraq has lost billions of dollars monthly in cash flow, and with the continuation of the crisis, the accumulated losses have reached tens of billions compared to normal export levels."

He pointed out that "the salary crisis is a consequence, not the root cause of the problem, and a quick solution is possible. The government can, within a week, put in place an emergency liquidity plan that guarantees salaries and basic services, halts or postpones unnecessary spending, and reorders government obligations according to priority.

However, within a month, we must move from managing the crisis to addressing its source by increasing the quantities of oil that can be exported through outlets and routes that do not depend on the Strait of Hormuz, and expediting export alternatives, in parallel with concrete measures to increase non-oil revenues." End 25N

https://almaalomah-me.translate.goog/news/142413/economy/الفريجي:-العراق-يواجه-ازمة-سيولة-والحلول-المطروحة-اسعافية?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Al-Zaydi Before The Integrity Committee: Corruption Is The Most Serious Threat Facing The State, And We Are Waging A Fierce Battle To Dry Up Its Sources - 8/27/2026

Baghdad - One News - 8/27/2026   Prime Minister Ali Faleh al-Zaidi affirmed on Thursday that corruption represents the most serious threat facing the state at the present stage, stressing that the government is waging a “fierce battle” to combat it and dry up its sources, while calling for a review of government contracts and an audit of project costs to reduce waste and protect public funds.  

This came during Al-Zaydi’s reception of the head of the Parliamentary Integrity Committee, Taha Hatif Al-Difai, and members of the committee, where the meeting discussed strengthening cooperation between the executive and legislative authorities in the files of combating corruption and prosecuting those involved in it.   Al-Zaydi said that the state is based on two fundamental pillars: law and integrity, stressing the need to unify the efforts of state institutions and enhance coordination between them to confront corruption and prevent the depletion of public funds.  

He pointed out that one of the most prominent avenues for corruption is the exaggeration of project costs, explaining that the government is working on adopting pre- and post-audit of government contracts, according to the principle of “prevention is better than cure,” with the aim of uncovering cost exaggerations before they turn into actual waste of public money.  

The Prime Minister stressed the importance of the oversight role played by the Parliamentary Integrity Committee in following up on corruption cases and supporting government measures aimed at reducing its manifestations and addressing its causes.

For their part, the chairman and members of the Parliamentary Integrity Committee affirmed their support for efforts to combat corruption and prosecute corrupt individuals, stressing the importance of passing the Internal Control Authority Law, the first reading of which has been completed in the House of Representatives.  

The committee members called for a review of previous government contracts suspected of corruption or involving inflated costs, as well as for ministries and state institutions to expedite their response to the committee's requests and provide it with the necessary documents and information regarding priority contracts and files.  

https://1news-iq.net/الزيدي-أمام-لجنة-النزاهة-الفساد-أخطر-م/

Pot, Meet Kettle: China Is Lecturing America About Debt

Pot, Meet Kettle: China Is Lecturing America About Debt

Notes From the Field By James Hickman (Simon Black / Sovereign Man)  August 27, 2026

Several days ago, just as America’s national debt topped $40 trillion for the first time, China's official propaganda outlets took the opportunity to mock the United States over this ominous milestone.

Xinhua is the Chinese government's official news agency, and they published a scathing commentary comparing the US national debt to Frankenstein and his monster. They noted both were "destroyed by the forces they had set in motion," and that America "risks a similar end."

Another Xinhua social media account mocked the US government for borrowing new debt to pay back old debt, joking, "sounds like a perfect plan."

And a different Xinhua piece warned that US Treasuries were transforming from a rock-solid “risk-free” safe haven asset into a source of volatility.

Xinhua’s comments are not wrong. $40 trillion an insane amount of debt, and if you include state and local debt across the United States— New York, California, Chicago, etc., the total gross debt grows to $44 trillion.

The worst part is that few politicians are serious about cutting the debt, or even slowing down the borrowing. Congress can't even cut hundreds of billions of dollars' worth of obvious fraud.

But the criticism is pretty rich coming from the Chinese Communist Party.

America's federal debt is roughly 125% of GDP. Even including state and local debt it’s 135% of GDP.

But China's is 107% of GDP— so it’s not like the CCP is some paragon of spending restraint! And that 107% number is just what they publicly acknowledge.

Here's one example of an accounting trick China uses to keep its full debt off the books.

For decades, Chinese cities weren't allowed to borrow directly. So as an alternative they set up government-owned companies to do the borrowing for them.

These government-owned companies built the subways, the industrial parks, and the apartment towers, but the debt sat on the companies' books instead of the government's.

In November 2024 China's government finally admitted to trillions of dollars worth of this hidden debt. And they announced a five-year plan to move it onto their official balance sheet.

America's debt has been growing steadily: a horribly grotesque, absurdly wasteful $2 trillion per year since 2020. But China's debt takes a quantum leap every time the CCP tells a little more truth.

And by the IMF's count, China's real government debt comes to 135% of GDP this year... dead even with America's.

But Chinese debt pulls way ahead of the US when you factor in actual private debt held by companies and citizens.

Chinese corporate debt, for example, sits at 143% of GDP. US company debt is about HALF of that level. And let’s not forget that the biggest Chinese borrowers are state-owned enterprises where the politicians are ultimately in charge. So I’m suuuuure those company audits are totally above board...

The real question is HOW is this money going to be paid back. And by WHOM?

In January, China's statistics bureau reported that just 7.9 million babies were born in 2025, down from 9.5 million the year before... and the fewest in modern China's history. China’s fertility rate is 0.96, not even half of what it takes to keep a population steady. And China’s population shrank for the fourth year in a row.

America's debt will land on the next generation, which is bad. But at least America HAS a next generation.

Decades of the idiotic one-child policy left China with families with (hopefully) one worker supporting two parents and four grandparents. That same worker will now inherit his share of China’s debt at 135%+ of GDP.

America's fiscal challenges are immense. But they can be solved with common sense solutions— eliminating obvious fraud, making government more efficient, scaling back regulations that hamstring small business growth, reforming the immigration system, reforming Social Security.

China, on the other hand, needs a time machine to solve its problems. And since no such time machine exists, they just cook the books.

Seriously. A shrinking population is deadly for a nation’s economy. China can’t go back in time to reverse its one-child policy. And they can’t fix it with immigration either— because few people want to move to China!

This is why so many Chinese companies are developing robotics— it’s an absolute necessity there. But even this comes with a major social cost, i.e. higher unemployment.

And China cooks the books on those numbers as well.

When youth unemployment hit 21.3% in June 2023, the bureau suddenly decided that its methods of calculating unemployment needed immediate changes.

Plus any criticism or complaining leads to imprisonment... or worse.

In October 2020, Jack Ma, Alibaba's founder and then the richest man in China, gave a speech in Shanghai saying China's banks ran on a "pawnshop mentality" and its regulators were out of date.

Two weeks later the Chinese government killed his payments company's stock listing, which would have been the biggest in history, and Ma disappeared for three months.

This method of control is why no one can really trust anything from the Chinese government.

That includes their attitude that they will some day rule the world.

When President Trump visited Beijing earlier this year, Xi Jinping asked whether China and the United States could "overcome the so-called Thucydides Trap," the theory that a rising power and the one it threatens end up at war.

China's government has spent years telling anyone who'll listen that America is finished and China's time has come.

America does have challenges. And there is still some time left to get its house in order to avoid serious consequences.

But China is not its replacement.

To your freedom,  James Hickman   Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/pot-meet-kettle-china-is-lecturing-america-about-debt-155725/?inf_contact_key=eb1da73d8ce85b2d02f50ae082ab6b5845f52772a67910d275469a1ff0808c0a

Rob Cunningham: XRP Repricing Mechanics and Liquidity Equation

Rob Cunningham: XRP Repricing Mechanics and Liquidity Equation

8-27-2026

XRP REPRICING MECHANICS

What provides liquidity when thousands of different forms of money, securities and tokenized property need to move between rails?

Ripple can provide the rails and the money traveling across the rails.

RLUSD provides stable dollar liquidity

→ XRPL provides settlement rails

→ tokenization brings securities/RWAs onto those rails

→ escrow/conditional settlement can temporarily immobilize assets

→ different assets and currencies still need exchange

→ market makers must provision liquidity

→ XRP potentially provides neutral bridge liquidity

→ XRP held for operational purposes reduces effective available float

→ required settlement demand becomes less sensitive to XRP’s price

→ price becomes one mechanism for expanding the dollar-value capacity of finite XRP liquidity

→ the industry is clearly converging toward integrated stacks combining stablecoins, blockchain rails, liquidity and interoperability

→ XRPL gives Ripple an unusually integrated environment in which stablecoin payments, tokenized assets and native ledger functionality can coexist

• Tokenization creates the traffic
• XRPL provides one potential highway
• RLUSD provides digital dollars
• Escrow makes settlement programmable
• XRP provides neutral liquidity between otherwise disconnected assets
• Finite effective XRP supply creates the constraint
• XRP Price expands the network’s carrying capacity

And this last transition – from speculative demand to operationally necessary liquidity – is the point at which “vertical repricing” stops being merely a crypto-market narrative and becomes an economically coherent consequence of the architecture.

There are moments when the most useful thing we can do is set aside what we think we know and simply ask a better question.

This is one such thought experiment.

Not a prediction.
Not a price target.
Not investment advice.

A vision to examine, challenge and discern.

For most of XRP’s history, people have understandably viewed its price through the familiar lens of markets:

How many people want to buy it?

But what if that eventually becomes the wrong question?

Imagine a world in which securities, Treasuries, currencies, real estate, commodities and other forms of legally recognized value increasingly become tokenized and capable of moving around the clock.

Those assets still have to settle.

Different currencies still have to exchange.

Different pools of liquidity still have to meet.

Market makers still have to provision capital.

And somewhere between all those assets, currencies and networks, the system may need exceptionally efficient forms of neutral bridge liquidity.

If XRP earns a meaningful role there, something subtle but profound changes.

Demand would no longer arise solely because someone believes XRP will appreciate.

Some demand could arise because value actually needs to move.

And markets do something fascinating when necessary demand encounters finite available supply:

price discovers the level at which sufficient economic capacity becomes available.

A higher XRP price would therefore not merely represent greater speculative enthusiasm.

It could allow the same number of XRP to carry substantially more value.

$10 XRP creates ten times the dollar-denominated liquidity capacity of $1 XRP.

$100 creates ten times the capacity of $10.

And so forth.

That raises an intriguing possibility.

Perhaps mature XRP price discovery would not resemble a smooth upward curve at all.

Perhaps long periods of relative equilibrium could be interrupted by sharp stair-step repricing events as successive thresholds of institutional liquidity demand are reached.

Not because somebody administratively declares what XRP should be worth.

Not because social media becomes excited.

And certainly not because a chart says so.

But because the market continually asks a brutally simple question:

At what price can the available liquidity carry the value that needs to move?

I don’t pretend to know the answer.

None of us knows what percentage of future institutional settlement XRP will capture—or whether competing technologies ultimately solve much of this problem differently.

But I believe the question itself deserves serious consideration.

Because if tokenization creates vastly more financial traffic…

if programmable settlement changes how capital moves…

if liquidity increasingly operates 24/7…

and if XRP becomes meaningful operational inventory connecting otherwise fragmented pools of value…

then we may eventually discover that we spent years debating the price of XRP when the more consequential question was always:

How much economic value must each available XRP be capable of carrying?

The graphic below is simply an attempt to visualize that possibility.

Take nothing on faith.

Challenge the assumptions.

Test the mathematics.

Study the architecture.

Then reach your own conclusion.

Knowledge → Understanding → Wisdom → Life.

Let’s Always Seek Truth.

THE XRP LIQUIDITY EQUATION

A bullish XRP argument isn’t that the world must pay more for XRP.

It’s that IF the world ever demands more value-transfer capacity from a finite amount of immediately available XRP than today’s price can provide, something must adjust.

1 Supply can increase
2 Velocity can increase
3 XRP’s share can decrease
4 Alternative liquidity can emerge
5 Price can rise

The question isn’t “How high do we want XRP to go?”

The honest-weights-and-measures question is: “How much real economic work must each available XRP actually perform?”

Source(s):
• https://x.com/KuwlShow/status/2092562216218136996
• https://x.com/KuwlShow/status/2092566971812319354
• https://x.com/KuwlShow/status/2092594683398467975

https://dinarchronicles.com/2026/08/27/rob-cunningham-xrp-repricing-mechanics-and-liquidity-equation/

The Great Financial Reset is here: Matt Dines

The Great Financial Reset is here: Matt Dines

Tales from the Crypt:  8-26-2026

Matt Dines returns to break down a week of escalating monetary chaos. Scott Bessent doubles the Treasury buyback limit to $4 billion, Stanley Druckenmiller fires a public warning shot in the Wall Street Journal, and the US-Canada trade relationship collapses into 50% tariffs.

Matt maps the mechanics behind treasury auctions, yield curve defense, and the offshore dollar's unwind, then connects "Operation Economic Outcast" and Iran's oil smuggling scandal to a broader financial war. Plus tokenized securities, the stalled Clarity Act, the ARMA bill, and what Bitcoin's five-sigma candle actually signaled.

The global financial system is navigating one of the most intricate macroeconomic landscapes in modern history. As traditional fiscal tools face structural strain, investors and policymakers alike are forced to confront a rapid convergence of rising sovereign yields, geopolitical trade frictions, and a fundamental shift in how value is stored and transferred. \\

In a recent, eye-opening discussion on TFTC (Tales From The Crypt), industry analysts dissected this macro backdrop, examining how traditional finance is undergoing what can best be described as an “economic D-Day”—a decisive, high-stakes transition toward a new monetary paradigm.

At the center of this storm sits Bitcoin. No longer viewed merely as a speculative asset on the fringes of tech, Bitcoin is increasingly recognized as a vital piece of digital collateral in a world defined by monetary recalibration and fiscal uncertainty. Understanding where market prices and regulatory frameworks are headed requires analyzing the powerful macroeconomic forces currently moving global markets.

One of the most critical mechanisms currently at play in global finance is the U.S. Treasury’s operational strategy regarding rising bond yields. As national debt continues to swell, elevated interest rates place immense pressure on government borrowing costs. To prevent borrowing rates from spiraling out of control—a scenario that threatens broader market stability—the U.S. Treasury has increasingly leaned on liquidity management tools, most notably debt buybacks.

These treasury buybacks act as a strategic form of yield curve defense. By repurchasing specific off-the-run securities and injecting targeted liquidity into the sovereign debt market, monetary authorities aim to smooth out volatility and maintain orderly trading conditions. However, while these measures offer short-term stabilization, they also highlight a deeper reality: traditional financial systems are operating in an environment where ongoing intervention is necessary to maintain market equilibrium. For global investors, this continuous liquidity support signals that fiat currencies remain subject to structural dilution over the long term.

Macroeconomic stability is further complicated by rising geopolitical tensions, even among long-standing commercial partners. Recent trade friction between the United States and Canada has introduced fresh volatility into North American markets, serving as a reminder of how quickly political rhetoric can impact supply chains, currency valuations, and regional commerce.

Simultaneously, global energy trade is undergoing a quiet realignment. Complex networks involving non-traditional energy supply chains—including global oil trade flows operating outside standard international finance frameworks—are altering global trade balances and foreign exchange demand. As geopolitical alliances shift and traditional trade agreements face scrutiny, nations are increasingly motivated to diversify their balance sheets away from single-currency dependencies. This fragmentation in global trade further accelerates the search for neutral, permissionless settlement assets.

Beyond immediate trade disputes and market operations lies a long-term fiscal challenge: the structural math of major U.S. entitlement programs. As demographic trends shift and mandatory government expenditures expand, the gap between national revenue and fiscal obligations continues to widen.

Addressing these long-term obligations poses a major dilemma for economic planners. Standard policy options—such as spending cuts, tax increases, or expanding the monetary base—each carry significant political and economic trade-offs. As market participants observe these structural deficits, confidence in the long-term purchasing power of sovereign fiat currencies naturally erodes. This dynamic is driving institutional capital to look beyond traditional debt instruments and seek refuge in hard assets with predictable, programmatic supply schedules.

In the midst of this shifting financial landscape, traditional finance is experiencing a structural disruption reminiscent of a financial beachhead invasion—an “economic D-Day” where old assumptions about sovereign debt and reserve assets are being tested. Within this context, Bitcoin’s core value proposition as sovereign digital collateral comes into sharp focus.

Unlike traditional financial assets that carry counterparty risk or rely on centralized governance, Bitcoin operates as an unencumbered, globally accessible settlement layer.

This unique positioning has caught the attention of forward-thinking lawmakers and institutions. Around the world, evolving regulatory frameworks are beginning to clarify the legal treatment of digital assets, paving the way for broader institutional participation.

Even more notable are emerging legislative efforts aiming to establish strategic Bitcoin monetary reserves. Proposals to integrate Bitcoin into official balance sheets mark a monumental shift in monetary theory. If adopted, such frameworks would formally recognize digital assets as a legitimate hedge against fiat debasement and a core component of 21st-century national balance sheets.

Despite these bullish long-term fundamentals, short- to medium-term market dynamics remain nuanced. Investors are actively debating whether the crypto market has permanently exited its previous bear cycle or if near-term macroeconomic headwinds will prolong price volatility.

While short-term price fluctuations remain uncertain, the structural trend toward digital collateral and monetary diversification is clearer than ever.

The intersection of yield curve management, trade disputes, fiscal deficits, and digital asset integration points to a financial system in transition. As traditional markets navigate these unprecedented challenges, Bitcoin stands out as a unique bridge between old financial architectures and the emerging digital paradigm.

https://www.youtube.com/watch?v=eCUQZ5MvFYM&t=57s

Iraq Economic News and Points To Ponder Thursday Afternoon 8-27-26

Oil Drops On Hopes Of Hormuz Reopening Talks

2026-08-27 Shafaq News   Oil prices fell on Thursday, extending a streak of losses, on expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the war in the Middle East.

Brent crude futures were down 41 cents, or 0.5%, to $87.43 a barrel at 0330 GMT, in line for a fourth day of declines. West Texas Intermediate crude futures fell 37 cents, or 0.5%, to $81.86, in line for a fifth day of losses.

Iran and Oman are working on finalizing details of an agreement to control the Strait of Hormuz, a senior Iranian source said on Wednesday, after Iran's Revolutionary Guards said the two countries had agreed how to share the waterway that connects major Gulf oil producers to markets and its revenues.

The strait carried oil and natural gas shipments equal to about one-fifth ⁠of global consumption of the fuels before the U.S.-Israeli war on Iran started on February 28. Since Iran worked to shut the waterway in response, oil flows have dropped to about one-quarter of their pre-war level, according to ship-tracking data.

"Crude oil edged lower as the prospect of the Strait of Hormuz reopening improved amid ongoing talks," said Daniel Hynes, senior commodity strategist at ANZ, in a note on Thursday, though he cautioned "concerns over shortages in the oil market persist."

Qatar's prime minister will head to Iran on Thursday to relaunch diplomatic talks to end the conflict which is nearly six months old.

The U.S. has halted its attacks on Iran for about a month and is seeking to impose greater economic pressure on Iran, which has raised investors' expectations for an easing of the Gulf supply disruptions.

Still, the countries are far apart on their demands ⁠to end the fighting and Iran has struck shipping in the Gulf and strait to impose its control on the waterway.

Iranian officials have also said the strait would not open unless the U.S. met under an interim ceasefire agreement that was struck in June and later unraveled.

"At the heart of the dispute remains Iran's nuclear programme and that is unlikely to be resolved quickly ... Iran also understands the importance of its geographical position and the leverage ⁠that the Strait of Hormuz provides, so the risk of prolonged uncertainty remains," said Priyanka Sachdeva, head of market insights at Phillip Nova.

"As long as the risk to supply remains, some degree of war premium can continue to be priced into oil."

ANZ's Hynes also pointed to the impact the Middle East war ⁠and the Russia-Ukraine war are having on the diesel market. Middle East refineries have been damaged in that conflict and Ukraine has hit several Russian refineries, cutting exports from what was a major global diesel supplier.

The curtailment in worldwide diesel output is showing up in inventory ⁠data. The U.S. Energy Information Administration reported on Wednesday that distillate stockpiles, including diesel and heating oil, dropped by 2.2 million barrels in the week to August 21 to 103.4 million barrels.

Hynes said this is the lowest distillate stockpile level ever recorded for this time of year. (REUTERS)

https://www.shafaq.com/en/Economy/Oil-drops-on-hopes-of-Hormuz-reopening-talks

Basrah Crudes Retreat Alongside Global Decline

 2026-08-27 Shafaq News- Basrah   Iraq’s Basrah crude prices fell by less than 5% on Thursday, tracking a broader decline in major global oil benchmarks.

Basrah Heavy crude dropped to $74.32 per barrel, down 4.62%, while Basrah Medium crude slipped to $77.62 per barrel, a decline of $3.60, or 4.43%.

Brent crude edged lower to $87.43 per barrel, losing 41 cents, or 0.5%. US West Texas Intermediate (WTI) crude also declined, falling 37 cents, or 0.5%, to $81.86 per barrel.

OPEC’s basket also fell $4.63 to $90.28 a barrel, down 4.88%, while Oman crude on the Dubai Energy Exchange dropped $6.48 to $89.11 a barrel, a decline of 6.78%.

https://www.shafaq.com/en/Economy/Basrah-crudes-retreat-alongside-global-decline-2

Dollar Rises In Baghdad, Slips In Erbil

2026-08-27 Shafaq News- Baghdad/ Erbil   The US dollar opened Thursday’s trading mixed in Iraq, hovering around 154,000 dinars per 100 dollars.

According to Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 153,550 dinars per 100 dollars, up from Wednesday's 154,250 dinars.

In the Iraqi capital, exchange shops sold the dollar at 154,000 dinars and bought it at 153,000 dinars.

In Erbil, selling prices stood at 153,750 dinars and buying prices at 153,700 dinars.

https://www.shafaq.com/en/Economy/Dollar-rises-in-Baghdad-slips-in-Erbil-3

Diesel Leads Iraq's July Fuel Sales

2026-08-27 Shafaq News- Baghdad   Diesel outsold other fuels in Iraq in July, beating gasoline by nearly seven to one, according to figures from the state Oil Products Distribution Company.

Diesel sales reached 1.528 billion liters across both grades, far ahead of the 1.408 billion liters of fuel oil and 78 billion liters of gasoline sold on the domestic market, the company said. Kerosene and jet fuel trailed well behind, at 35 million and more than 13 million liters respectively.

The diesel figure points to Iraq's heavy dependence on the fuel, which powers the private generators that fill gaps in a national grid still short of demand, as well as trucks, farm equipment, and industry.

https://www.shafaq.com/en/Economy/Diesel-leads-Iraq-s-July-fuel-sales

Gold Prices Fall In Baghdad And Erbil

 2026-08-27 Shafaq News- Baghdad/ Erbil   On Thursday, gold prices hovered around 1,000,000 IQD per mithqal in Baghdad and Erbil markets, according to a Shafaq News market survey.

Gold prices on Baghdad's Al-Nahr Street recorded a selling price of 995,000 IQD per mithqal (equivalent to five grams) for 21-carat gold, including Gulf, Turkish, and European varieties, with a buying price of 991,000 IQD. The same gold had sold for 1,008,000 IQD on Wednesday.

The selling price for 21-carat Iraqi gold stood at 965,000 IQD, with a buying price of 961,000 IQD.

In jewelry stores, the selling price per mithqal of 21-carat Gulf gold ranged between 995,000 and 1,005,000 IQD, while Iraqi gold sold for between 965,000 and 975,000 IQD.

In Erbil, 22-carat gold was sold at 1,032,000 IQD per mithqal, 21-carat gold at 985,000 IQD, and 18-carat gold at 845,000 IQD. https://www.shafaq.com/en/Economy/Gold-prices-fall-in-Baghdad-and-Erbil-1-1

SOMO Offers Basrah Crude For Loading Outside Hormuz

2026-08-27 Shafaq News- Baghdad   Iraq is seeking to sell Basrah crude through an alternative route that bypasses the Strait of Hormuz, Reuters reported on Thursday, amid disruptions to oil shipments through the strategic waterway.

According to a tender document from the State Oil Marketing Organization (SOMO) and trading sources cited by the outlet, the cargoes can be transferred between tankers off the Omani coast, allowing buyers to avoid sending vessels through the Strait of Hormuz. The tender closes on Aug. 28.

It is SOMO's second crude tender this week. Unlike Monday's offer, which required buyers to send tankers through Hormuz to load at Iraq's Basra terminal, the latest tender allows ship-to-ship loading outside the strait.

The disruption in the strategic waterway has sharply reduced Iraq's southern crude exports. Shipments averaged about 1.4 million barrels per day (bpd) in July, up from roughly 500,000 bpd in June and 100,000 bpd in May, but remained well below pre-disruption Basrah exports of more than 3.3 million bpd.

With shipments still constrained, Baghdad is pursuing alternative export routes through Turkiye, Syria and Jordan to reduce its dependence on Hormuz. A proposed pipeline to Syria's Baniyas port could take about four years to build and cost at least $15 billion.

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

https://www.shafaq.com/en/Economy/SOMO-offers-Basrah-crude-for-loading-outside-Hormuz

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 8-27-26

Good Afternoon Dinar Recaps,

Six Months of War: Iran Is Reshaping Oil, Safe Havens and the Global Financial System

Six months after the U.S.-Israeli campaign against Iran began, the conflict has become more than a geopolitical crisis. It is changing the way markets price energy security, inflation, government debt and traditional safe-haven assets.

Overview

• The Iran war has now lasted far longer than many investors initially expected, and its financial consequences are becoming structural rather than temporary.

• Oil, shipping, inflation and monetary policy have all been affected, while some of the assets traditionally viewed as safe havens — including the dollar and U.S. Treasuries — have not consistently provided the protection investors normally expect during a geopolitical crisis. Reuters reports that Brent crude has averaged roughly $90 a barrel in 2026, compared with about $70 in 2025.

• At the same time, the conflict has exposed the vulnerability of one of the world's most important trade corridors: the Strait of Hormuz.

The result is a financial system being forced to reassess what "safe" actually means.

Key Developments

1. Six months of war have transformed the energy shock into a global financial issue

The conflict has disrupted Gulf oil production and severely constrained traffic through the Strait of Hormuz. Reuters estimates that almost half of global oil flows now originate from countries affected by conflict, highlighting how geopolitical risk has become intertwined with the world's energy supply.

The consequences extend beyond gasoline.

Higher oil and fuel costs feed into transportation, manufacturing, food production and fertilizer prices, increasing the risk that an energy shock becomes a broader inflation problem.

That places central banks in a difficult position: economic weakness argues for easier monetary policy, while energy-driven inflation argues for caution or even tighter policy.

2. Traditional safe havens have not behaved traditionally

One of the most important developments for global finance is what happened to the traditional defensive assets.

During previous geopolitical crises, investors often moved toward U.S. Treasuries and the dollar.

This time, the response has been much less straightforward.

Reuters notes that U.S. Treasuries experienced negative returns during the conflict as investors worried about inflation and changes in U.S. policy. Gold initially fell sharply before recovering, demonstrating that even the traditional safe-haven trade has become more complicated.

This does not mean the dollar or Treasury market has ceased to be important.

It means investors are increasingly evaluating sovereign assets through a second lens: fiscal sustainability and inflation risk.

3. The Strait of Hormuz has become a financial chokepoint

The conflict has demonstrated that a narrow geographic passage can have consequences far beyond the Middle East.

The reduction in shipping through Hormuz has disrupted global energy and shipping markets. New reporting indicates traffic through the strait has fallen dramatically, affecting an industry responsible for a substantial share of global trade.

That creates a new consideration for governments and central banks:

Energy security is becoming financial security.

Countries that depend heavily on imported oil and gas must now consider not only the price of commodities, but also the reliability of the routes through which those commodities reach them.

Why It Matters

The most important lesson from six months of conflict may be that geopolitical risk can no longer be separated cleanly from monetary and financial policy.

• Oil prices influence inflation.

• Inflation influences interest rates.

• Interest rates influence bond yields.

• Bond yields influence currencies and government debt-service costs.

• And currencies influence international trade and reserve decisions.

A disruption that begins with a shipping lane can therefore eventually reach central-bank policy, sovereign debt markets and global capital flows.

That interconnected chain is what makes the Iran conflict particularly important to anyone watching the evolution of the global financial system.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, the changing safe-haven landscape deserves particular attention.

The traditional assumption has been relatively simple: during a major crisis, money flows toward the dollar and U.S. government debt.

The Iran conflict has demonstrated that the relationship is no longer automatic.

If geopolitical risk simultaneously produces higher oil prices, higher inflation expectations and concerns about government debt, investors may have to choose between different forms of protection rather than simply buying dollars and Treasuries.

Gold becomes more important in that environment because it carries no sovereign credit risk.

At the same time, countries seeking greater protection from geopolitical and financial sanctions may continue exploring local-currency settlement, alternative payment systems and diversified reserves.

That does not mean the dollar is suddenly being replaced.

It means the incentives for diversification are becoming stronger.

Implications for the Global Financial Reset

The Iran war may ultimately prove significant because it is accelerating several trends that were already underway.

• Energy security is becoming part of monetary security.

• Sanctions are becoming part of the international financial architecture.

• Gold is increasingly viewed as a strategic reserve asset rather than simply an investment commodity.

• And countries are increasingly interested in reducing their exposure to a financial system in which access to the dollar can be restricted through sanctions.

The war therefore intersects with the broader movement toward a more diversified and potentially more multipolar financial system.

The emerging structure does not necessarily require the dollar to disappear. Instead, it could involve a world in which the dollar remains dominant while gold, regional currencies, alternative payment systems and bilateral trade arrangements play larger roles alongside it.

The Bigger Picture

Six months of conflict have demonstrated something markets sometimes forget during periods of stability:

Financial systems ultimately depend on physical systems.

• Oil has to move.

• Ships have to move.

• Trade routes have to remain open.

• Currencies have to retain purchasing power.

• And governments have to maintain confidence in their ability to finance their debts.

The Iran war has brought all of those dependencies into the same story.

The immediate question remains whether diplomacy can eventually restore normal traffic through Hormuz and reduce the energy risk premium.

But the larger question is more consequential:  Will six months of disruption permanently change how governments and investors define a safe asset, a secure trade route and a reliable financial system?

That may be the deeper financial legacy of the Iran conflict.

This is not simply an Iran story anymore. It is a story about how war is changing the price of energy, the definition of safety and the architecture of global finance.

The global financial reset may not arrive as a single monetary announcement — it may emerge through the gradual repricing of energy, debt, currencies and risk.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — Six months of war: How the Middle East conflict has shaped financial markets

• Reuters — Six months into Iran war, almost half of global oil flows from war zones

~~~~~~~~~~

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Coffee with MarkZ, joined by MilitiaMan. 08/27/2026

Coffee with MarkZ, joined by MilitiaMan. 08/27/2026

MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions

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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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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

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Thursday Iraq News Posted by Tishwash at TNT 8-27-2026

TNT:

Tishwash: Al-Baiji: The new Iraqi currency is ready... and the law to remove zeros will reach parliament soon.

The file of reforming the Iraqi currency has entered a more sensitive stage, after statements by the member of the Parliamentary Finance Committee, Mansour Al-Baiji, regarding the readiness of a new Iraqi currency, and the imminent arrival of the draft law to remove zeros to the House of Representatives for legislation and voting.

According to what Al-Baiji said in a television interview, the government and the Central Bank of Iraq have completed some of the technical preparations related to the new currency, noting that the value of the currency that was prepared and printed amounts to about $250 million, and that its release into the market will be linked to the approval of the legal framework by the House of Representatives.

These statements come at a time when the issue of restructuring the Iraqi currency has returned to the forefront of economic discussion, after years of studies and proposals that addressed the project of removing three zeros from the dinar.

But the importance of the current development does not lie merely in issuing new banknotes, but rather in the mechanism that the state will adopt to move from the current currency to the new currency, which is the point that may determine the success of the process or turn it into a source of monetary instability if it is not managed carefully.

From an old project to a potential legislative decision

The idea of ​​removing zeros is not new to Iraqi monetary policy. The Central Bank of Iraq published studies in the past outlining a plan to remove three zeros, explaining that the process is of an accounting and organizational nature, and does not automatically mean an increase in wealth or purchasing power for citizens.

Official data confirms that the Central Bank is the legally authorized entity to issue Iraqi currency, determine its denominations and designs, and make arrangements for its issuance.

Therefore, talk of a new currency must be separated from the concept of raising the value of the dinar.

Removing zeros, in essence, means changing the unit of account for the currency. If three zeros are removed, an amount of one million dinars might become one thousand new dinars, while the nominal economic value remains the same if the transaction is carried out at a fixed conversion rate.

This means that a citizen does not become richer simply by changing the shape of the numbers.

Why does the project need a law?

The transition from the old currency to a new currency on the scale of the Iraqi economy cannot be merely an administrative decision to issue new banknotes.

The state needs to determine the conversion rate, the dual circulation period, the mechanism for currency exchange, and address contracts, salaries, deposits, loans, prices, taxes, and accounting and banking systems.

Therefore, Al-Baiji's statements acquire political and economic importance, if true, regarding referring the law to remove zeros to parliament.

The scenario suggests that the government may adopt a transitional period of up to two years to replace the old money with the new.

Economically, the two-year period seems closer to a gradual reform model than a sudden replacement model, as it gives banks, companies and citizens time to adjust their systems, accounts, contracts and cash transactions.

$250 million... what does it mean?

The figure mentioned by the congressman, which is $250 million as the value of the printing, needs to be read carefully.

The value of printing in dollars does not mean that the state will add $250 million to its reserves, nor does it mean that the value of the dinar will jump against the dollar by a similar amount.

According to statements attributed to the deputy, it is a cost or value associated with the process of preparing and printing the new banknotes.

The economic value of a currency is determined primarily by monetary policy, fiscal policy, the size of liquidity, reserves, inflation, economic activity, and public confidence in the banking system.

Herein lies the most important point: the success of removing zeros is not measured by the appearance of the new banknote, but rather by the ability of the central bank and the government to maintain monetary stability during the transition phase.

The central bank faces its toughest test yet.

The official website of the Central Bank of Iraq currently displays the banknotes in circulation and the legal frameworks related to the currency. The law also confirms that the Central Bank is the entity responsible for issuing currency.

This makes the central bank the key player in any large-scale currency replacement process.

If the law is passed, he will have to define practically:

The conversion rate between the two currencies.

New currency denominations.

Joint trading period.

Authorized banks and exchange centers.

Ceilings and mechanisms for replacing large sums of money.

Anti-money laundering and counter-terrorism financing measures.

The mechanism for dealing with cash funds located outside the banking system.

A plan to withdraw the old currency from circulation.

How to protect citizens from forgery and fraud.

The issue of large sums is of particular importance, especially since Al-Baiji’s statements spoke of a special mechanism for replacing old money, particularly large sums.

Why might two years be necessary?

If the new currency enters circulation, the biggest challenge will not be printing the paper, but managing the transition process.

Iraq has a highly cash-based economy, so withdrawing huge amounts of old dinars and replacing them with a new currency in a short period of time could create pressure on banks, exchange companies, and cash centers.

Adopting a transition period of up to two years could allow the process to be divided into stages.

From an economic standpoint, the state could begin by gradually introducing the new currency, while keeping the old currency valid for circulation for a specific period, then reducing its use until it is withdrawn completely.

However, the success of this mechanism depends on the transparency and clarity of the instructions for the public.

Removing zeros does not automatically mean an increase in the value of the dinar.

This point will be the most sensitive in the Iraqi market.

If, for example, the exchange rate before the removal of zeros reflected a certain value of the dinar against the dollar, then removing three zeros does not mean that the dinar has actually risen against the dollar.

The Central Bank of Iraq presented in its official data the price of the dollar at 1310 dinars per dollar in data published during 2026.

Therefore, renaming the monetary unit should not be confused with revaluing the currency.

The two decisions are completely different.

Removing zeros can make accounting, pricing, and financial data easier, but it does not by itself create new production, additional reserves, or an increase in purchasing power.

The real test: inflation and confidence

From a global economic perspective, currency reform succeeds when it is part of a broader program for financial and monetary stability.

However, if banknotes are changed without addressing inflation, budget deficits, or weak confidence in the banking system, the underlying problem will remain even if the numbers on the banknotes change.

Therefore, in the next phase, markets will be watching more than just the announcement of the new currency.

Fiscal policy will monitor the size of government spending, the growth of the money supply, foreign reserves, exchange rate stability, and the percentage of banking system use in payment transactions.

These indicators will be more important than the color or design of the banknote.

What does this mean for the citizen?

For the average citizen, the hypothetical scenario of removing zeros means that old money will not become worthless once the new currency is launched, provided a clear legal replacement mechanism is approved.

If the government adopts a two-year transition period as stated in the declarations, the replacement is expected to be gradual, in accordance with instructions issued by the competent authorities.

But citizens will need to be wary of the informal market, especially since any currency change usually creates a suitable environment for rumors and fraud, such as selling alleged banknotes as the “new currency” or claiming the existence of unofficial exchange rates.

Economic reading

If the law to remove zeros is indeed referred to the House of Representatives, then Iraq will have moved from the stage of study and discussion to the stage of possible legislation.

However, the process cannot be considered valid before the issuance of the law and official instructions from the competent authorities.

Here, a distinction must be made between three levels:

First: Printing or preparing new banknotes.

Second: Enacting a law that allows for the currency restructuring process.

Third: Actual implementation and currency exchange in the market.

Moving from level one to level three may take months or years, depending on the law and the timetable that the authorities will set.

The central bank itself, in the official pages we reviewed, did not publish any announcement specifying an official date for the removal of zeros or the launch of a new currency with these details. Furthermore, recent reports on the matter indicated that no implementation date has yet been announced. link

Tishwash: The Central Bank denies printing a new Iraqi currency with zeros removed.

The Central Bank of Iraq denied on Wednesday printing quantities of the new Iraqi currency with zeros removed, while indicating that any future project related to restructuring currency denominations or removing zeros will be subject to multiple legal, regulatory and technical stages .

The Central Bank said in a statement received by Mail that "the Central Bank of Iraq has been following the news and statements circulated by some media outlets regarding the bank printing quantities of the new Iraqi currency with zeros removed, in preparation for putting it into circulation," stressing, "In this regard, we confirm that this news is not based on any official source, and we deny that the bank has printed a new Iraqi currency with zeros removed ."

He added that “any future project related to restructuring currency denominations or removing zeros – in the event of an official decision to do so – will be subject to multiple legal, regulatory and technical stages, and will be announced if approved through the bank’s official channels and various media outlets, with the determination of an appropriate transition period that allows citizens, banks and institutions to exchange currency in a safe and organized manner; to ensure the full preservation of the financial rights and obligations of all .”

The statement continued, "The Central Bank of Iraq calls on citizens and the media to rely exclusively on its official data and channels for information related to monetary policy, and not to rely on undocumented news, figures, or information, as their circulation may cause confusion or harm to the financial interests of citizens link

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

Tishwash:  Al-Zaydi calls for a revolution in laws and legislation

Prime Minister Ali Faleh al-Zaidi stressed the importance of developing the legislative system to align with development requirements, noting the need for a "revolution in laws and legislation." He emphasized the existence of pending files and draft laws requiring approval, including the Popular Mobilization Forces Law, the Development Fund Law, and a number of other draft laws.

A statement from the Prime Minister's Media Office, received by Al-Sabah newspaper, indicated that al-Zaidi met on Wednesday with the head of the Parliamentary Legal Committee, Ribwar Hadi Abdulrahman, and the committee members. During the meeting, they discussed several files, legislation, and laws related to the work of the executive and legislative branches, emphasizing the importance of strengthening cooperation and coordination between them. This cooperation aims to expedite the enactment of legislation that impacts citizens' interests and supports the work of state institutions.

According to the statement, the Prime Minister stressed the importance of developing the legislative system to meet development requirements, stimulate the economy, strengthen the rule of law, and solidify state institutions. He emphasized the necessity of adhering to constitutional and legal frameworks in addressing national issues and files. Al-Zaydi pointed to the need for a "revolution in laws and legislation," emphasizing the existence of files and draft laws that require approval, including the Popular Mobilization Forces Law, the Development Fund Law, and a package of other draft laws.

For their part, the head and members of the Legal Committee affirmed their support for the government's reform steps in the legal aspects, combating corruption, implementing the government program, and proceeding with its economic and development policies. They reiterated their commitment to continuing legislative work in a way that serves the interests of the citizen and enhances stability and development.  link

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Tishwash:  Trade Bank of Iraq: Supporting the private sector and financing vital projects is a priority for the next phase

The Director of the Trade Bank of Iraq, Ali Abdul-Ridha Alwan, affirmed that the priority for the next phase will be supporting the private sector and financing vital projects.
In a statement received by the Iraqi News Agency (INA), the bank said it held a dialogue session with its Chairman, Ali Abdul-Ridha Alwan, and a number of journalists, media professionals, economic experts, and academics to discuss several banking and economic issues and enhance cooperation between the bank and media institutions.

During the session, Alwan emphasized the importance of building an effective and continuous relationship with the media, considering it a key partner in supporting national institutions and conveying banking information to citizens clearly and transparently. He affirmed that the bank is open to the media and ready to provide it with available information while adhering to legal regulations and maintaining the confidentiality of customer data.

The statement continued, noting that the session included several observations and proposals, among them the need to increase the number of bank branches in the provinces and open additional branches in the Karkh and Rusafa districts of Baghdad to alleviate congestion and facilitate service delivery to citizens.

According to the statement, attendees also discussed the importance of field visits by media professionals to bank locations to gain firsthand insight into the nature of banking services and procedures and to convey an accurate picture to the public.

On the economic front, the bank president emphasized that "supporting the private sector is a key focus in the coming phase," noting the bank's potential to contribute to financing vital projects through sovereign guarantee mechanisms provided by relevant government entities. He explained that the bank's role "can be that of an intermediary and coordinator between investors and governmental, financial, and banking institutions."

Al-Alwan pointed out that "the bank accepts various types of accounts and offers banking services to individuals and companies," stressing the administration's commitment to facilitating procedures within the legal framework and applicable regulations.
He affirmed that "the next phase will witness efforts to develop the bank's performance and enhance its services," indicating that his plan begins today and its results will gradually become apparent over the coming months.

In closing, the bank president affirmed the administration's readiness to continue communicating with the media and to hold similar sessions in the future to contribute to strengthening trust and providing available information professionally and transparently, expressing his confidence that the future will be even better, God willing.  link

News, Rumors and Opinions Thursday 8-27-2026

‍KTFA:

Clare:  The Prime Minister's advisor told Baghdad Today: The 2027 budget will be ready to be presented to the Cabinet within days.

8/26/2026  Baghdad Today - 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed on Wednesday (August 26, 2026) that "the 2027 budget will be ready to be presented to the Council of Ministers within days," indicating that it "will adopt the 'program budget' formula to ensure control over spending and combat financial waste."

Saleh told Baghdad Today that “the 2027 budget is characterized by being a disciplined budget that addresses waste in financial spending operations, and the old methods of managing public money will gradually disappear,” noting that “the budget includes two parts, investment and operational, and the spending mechanisms are linked to specific programs and projects.”

The Prime Minister's advisor added that "the budget will focus on necessary defense expenditures," noting that "if oil exports stabilize, a supplementary budget may be approved after the middle of the year."  LINK

Tishwash:  The central bank denies printing a new currency with zeros removed.

8/26/2026

The Central Bank of Iraq denied on Wednesday printing quantities of new Iraqi currency with zeros removed.

A statement from the bank said it "has been following the news and statements circulating in some media outlets regarding the bank printing quantities of new Iraqi currency with zeros removed, in preparation for its circulation," emphasizing that "these reports are not based on any official source, and we deny that the bank has printed new Iraqi currency with zeros removed."

The statement added that "any future project related to restructuring currency denominations or removing zeros—should an official decision be made in this regard—will be subject to multiple legal, regulatory, and technical stages, and will be announced, if approved, through the bank's official channels and various media outlets, along with specifying anappropriate transition period that allows citizens, banks, and institutions to exchange the currency in a safe and organized manner, to ensure the full preservation of everyone's financial rights and obligations."

The Central Bank of Iraq called on citizens and the media to "rely exclusively on its official data and channels for information related to monetary policy, and not to rely on undocumented news, figures and information, as their circulation may cause confusion or harm to the financial interests of citizens."   LINK

Ryan1216:  I believe this is the very end of the road for us with the CBI denying claims of the new currency (lower denominations) without 3 zeroes. Celebration incoming any moment now for us all. IMO

Clare:THE DENIAL MAKES ME LAUGH! THE CBI WANTS TO MAKE THE ANNOUNCEMENT THEMSELVES. BUT IT WILL BE SIMULTANEOUSLY TO THE ACTUAL EVENT IMO ONLY .

Ryan1216:  Yes it’s hilarious ! I agree the announcement and the event go hand in hand at the same time. IMO

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

Guy   The lop off crowd has always said, 'Guess what boys and girls?  They're going to remove the zeros and then the currency will float on the international markets and go up and down based on market forces. It'll take years to get to the higher rate we're expecting.'  No, that's not correct.  It's going to be a massively high correction to the rate that was back in 2003 before the US invasion...

Reset Intelligence  Iraq's central bank now holds more than 170 tons of gold worth over $25 billion up 5.7% this year alone.  Central banks do not stack gold behind a currency going no where.  Watch what they buy not what they say.

Frank26   There is a plethora, a cornucopia, a piñata, an overflowing amount of articles that have come out in the last week that is pounding, pounding, pounding the message to the Iraqi citizens...You've seen the articles...What are they saying?  Everything we want them to say...The CBI is telling the whole world that they have a design of new currency to remove the three zero notes.  Hallelujah.  This is great news.

The Emperor Has No Clothes: UST Market Is Breaking Down | Andy Schectman

Liberty and Finance:  8-25-2026

Gold is being aggressively accumulated as questions mount over the stability of the U.S. Treasury market, the dollar, and America’s ability to manage its enormous debt burden.

Andy Schectman warns that Treasury interventions, efforts to suppress long-term yields, and Japan’s inability to freely sell its Treasury holdings are signs that genuine market price discovery is breaking down.

He says sophisticated investors and foreign nations are quietly moving away from dollars and Treasuries while dramatically increasing their exposure to gold, including China’s purchases that reportedly far exceed its official figures.

Schectman also warns that suppressing interest rates while expanding the money supply could unleash much higher inflation, putting enormous pressure on ordinary Americans who rely on dollars and fixed-income assets for their savings and retirement.

With Goldman Sachs now seeing significant upside risk to its $4,900 gold target and more than $22 billion flowing into gold futures in just three weeks, Schectman says the time to prioritize liquid assets and preserve purchasing power may be now.

INTERVIEW TIMELINE:

0:00 Intro

2:00 US Treasury crisis

13:30 Wars vs US dollar

18:00 Central bank gold accumulation

20:45 Inflation crisis & gold

https://www.youtube.com/watch?v=DngC0MCzyUA