Monday AM Iraq News Posted by Tishwash at TNT 8-31-2026

TNT:

Tishwash:  Companies at the Erbil Exhibition: The Iraqi market is promising for attracting new investments.

Local and foreign companies participating in the Erbil International Construction and Infrastructure Exhibition, currently being held in Erbil, are looking for opportunities for new partnerships and investments in the Iraqi market, with a focus on modern construction technologies, sustainable energy and infrastructure solutions.

Abdul Malik Qasim, the director of one of the Iraqi companies, told Shafaq News Agency that "participation this year goes beyond just displaying products; it is a real opportunity to conclude strategic contracts," noting that the Iraqi market is witnessing a boom in infrastructure projects, and that the presence of local companies reflects the ability of the Iraqi private sector to compete with and integrate with foreign partnerships.

For his part, Saif Awad, a representative of one of the participating companies, said that companies no longer view Iraq “as just a consumer market for materials, but as a promising investment environment that is growing rapidly,” explaining that the participation aims to localize modern technologies and transfer engineering expertise to local personnel, given the opportunities available in the Iraqi governorates.

Sarah Mohammed, an infrastructure sector advisor, told Shafaq News Agency that what distinguishes this year's exhibition is the focus on sustainable building solutions and energy-saving technologies, noting that meetings between businessmen and investors showed "a serious desire to turn memoranda of understanding into real projects on the ground that serve comprehensive development plans."

The exhibition , which began last Thursday, includes more than 450 companies representing 20 Arab and foreign countries.

Its activities began in Erbil this week, and its four days are expected to witness bilateral (B2B) meetings and the signing of investment and trade contracts and understandings between foreign companies and local investors.  link

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Tishwash:  Money exchange companies under the microscope of the Central Bank of Iraq: strict oversight and anticipated updates.

The relationship between the Central Bank of Iraq and exchange companies and offices is heading towards a more stringent stage in monitoring the movement of funds and transfers, in conjunction with official moves to reorganize the sector and raise compliance and governance requirements, according to a source close to the exchange market and official data reviewed by Al-Mustaqilla.

The source, who preferred not to reveal his name, told Al-Mustaqilla’s correspondent that exchange companies and offices are currently subject to stricter monitoring, and that the coming period may witness updates in the mechanisms for linking and exchanging information with the Central Bank, allowing for more accurate monitoring of operations and transfers, especially foreign transactions.

The Central Bank has not yet announced details about a new electronic system to link exchange companies or when it will be implemented, and Al-Mustaqilla was unable to independently verify the nature of the updates referred to by the source.

But the bank's actions over the past three months support a clear trend towards tighter oversight of the sector.

On June 10, the Central Bank asked exchange companies of categories (A and B) and companies that mediate the buying and selling of foreign currencies to provide it with data relating to their bank accounts, and said that the measure comes “for regulatory and supervisory purposes.”

On July 6, the bank withdrew the licenses of Al-Rawajeb, Saba and Al-Nitaq companies to mediate the buying and selling of foreign currencies, attributing the decision to violations of sector regulation controls.

Two weeks later, Central Bank Governor Nizar Nasser Hussein held a meeting with the directors and chairmen of exchange companies, and said that the next phase would witness new initiatives and activities to expand their businesses, in parallel with raising compliance and governance levels in accordance with international standards.

These measures coincided with broader commitments made by Iraq under a joint action plan with the Financial Action Task Force (FATF) to strengthen the fight against money laundering and terrorist financing. In August, the bank issued a new circular on behavioral indicators for transactions suspected of being linked to money laundering or terrorist financing, following a training program in which banking and non-banking financial institutions participated.

Exchange companies are already subject to special anti-money laundering and counter-terrorism financing regulations issued by the Central Bank in 2024, as part of its supervision of non-bank financial institutions.

These steps indicate that the next phase may not be limited to regulating currency sales, but may extend to increasing oversight of the sources of funds, transfer routes, and beneficiaries.

The extent of the expected change remains linked to the instructions that will be issued by the Central Bank, particularly whether it will adopt a more centralized system to link exchange companies and monitor their transactions directly.  link

Tishwash:   The Iraqi government is turning to American banks for loans to resolve its liquidity crisis.

An informed source revealed on Sunday that the government intends to approach some American banks to obtain a financial loan as a quick solution to overcome the liquidity crisis, away from proposals to print currency.

The source explained to Shafaq News Agency that "the Ministries of Finance and Foreign Affairs are considering contacting some official American banks to obtain a financial loan that will be repaid from Iraqi oil sales in global oil markets, thus solving the liquidity crisis away from the proposal to print currency locally."

The source added that "the Iraqi government sees this approach as a logical and quick solution amid the wave of crises that the region is witnessing," without revealing further details.

The law on borrowing, grants and subsidies is an exceptional and temporary measure that Iraq is moving towards enacting, to compensate for the absence of the federal budget and to secure the necessary government spending.

The Iraqi parliament is waiting for the government to officially send the draft borrowing law to parliament, in order to avoid a financial gap and to ensure that the law does not differ from the vision and policy of the Iraqi government, according to the parliamentary finance committee.

Earlier, a special monitoring conducted by Shafaq News Agency showed that the volume of Iraqi currency issuance rose to 113.560 trillion dinars in May 2026, an increase of about 13.761 trillion dinars, or 13.8%, compared to the end of December 2025, amid escalating financial pressures that prompted the government to seek liquidity to ensure the payment of salaries and basic expenses. ink

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Tishwash:  US Sanctions on Iran Could Disrupt Iraq’s Trade, Energy Supplies and Currency Market

Iraq could face significant economic repercussions from the tightening of US sanctions on Iran, with experts warning that restrictions on financial transactions could disrupt bilateral trade, increase prices and put additional pressure on the Iraqi dinar and dollar market.

The concerns come amid extensive commercial and economic ties between Baghdad and Tehran. Iraq relies on Iran for a significant share of imports, including food, agricultural products, construction materials and consumer goods, while continuing to import Iranian gas and electricity.

Economic expert Sadiq al-Rikabi told BasNews that a complete halt to official trade between Iraq and Iran would be difficult given the two countries’ long border and deeply interconnected commercial relations.

"It would be difficult to say that sanctions will completely halt trade, but they will impose major obstacles on imports and financial transfers,” al-Rikabi said.

He identified food and agricultural products as among the sectors most vulnerable to disruption, noting that Iraq imports substantial quantities of dairy products, vegetables and canned goods from Iran.

Construction materials, including ceramics, iron and pipes, could also be affected, he said, as many Iraqi companies rely on Iranian supplies because of their relatively low costs and geographic proximity. Consumer goods, plastics, cleaning products and household materials could face similar pressures.

Energy payments remain a key concern

Iraq’s electricity and gas imports from Iran are covered by US sanctions waivers, but the mechanism for settling payments remains a major challenge, according to al-Rikabi.

He noted that payments associated with Iranian electricity and gas imports had exceeded $10 billion during previous periods, warning that difficulties in settling outstanding payments could prompt Iran to reduce or suspend energy supplies.

Such a development could directly affect Iraq’s electricity generation, particularly given the continued importance of Iranian gas to the country’s power sector.

Banking restrictions could push trade into informal channels

Al-Rikabi said the main difference between the current sanctions environment and the existing trade relationship is Washington’s effort to impose financial restrictions on Iran and prevent dollars from reaching the Iranian economy.

An Iraqi trader opening a bank credit facility or letter of guarantee in favor of an Iranian company could face sanctions exposure, while transferring US dollars to Iran through the banking system would become increasingly difficult, he said.

As formal banking channels become more constrained, however, informal trade could expand through unofficial border crossings, cash transactions and barter arrangements.

Some traders could resort to exchanging Iraqi dinars for Iranian rials or physically transporting cash across the border, while others could use barter systems in which Iraqi goods are exchanged directly for Iranian products.

"The trade conducted through banks will decline significantly, but informal trade could become more active,” al-Rikabi said.

Pressure on prices and the dollar market

Despite tighter restrictions, al-Rikabi expects Iranian goods to continue entering the Iraqi market, albeit in smaller quantities and under greater scrutiny.

He warned that traders’ increased reliance on the parallel market to obtain dollars and transfer funds to Iran could raise demand for the US currency inside Iraq.

This could contribute to delays in the arrival of certain goods and drive up prices as importers face higher transaction costs and greater difficulties securing supplies.

The resulting increase in demand for dollars could also place additional pressure on the Iraqi dinar’s exchange rate.

"Iraq-Iran trade will not stop completely,” al-Rikabi said, "but sanctions and tighter controls on financial transfers will make it more expensive and complicated, with potentially direct consequences for the Iraqi economy, prices and the foreign-exchange market.”  link

MilitiaMan & Crew: The Dinar Value Shift: What You Need to Know

MilitiaMan & Crew: The Dinar Value Shift: What You Need to Know

8-30-2026

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=5XkHKkIDc_8

FRANK26….8-30-26….ANNOUNCEMENT

KTFA

Sunday Night Video

FRANK26….8-30-26….ANNOUNCEMENT

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=wY_Kej-62rw

Rob Cunningham: Ripple Turning SWIFT’s 14-Month Window into a Trojan Horse

Rob Cunningham: Ripple Turning SWIFT’s 14-Month Window into a Trojan Horse

8-29-2026

Oopsie, Mr. SWIFT.

“Ring-Ring”

“Hello?”

“I’m Ripple.”

“Glad you called! What’s up?”

“You don’t have to rip out SWIFT. Keep it. Let us solve the corridors, liquidity, stablecoin settlement, treasury and digital-asset problems that your existing architecture isn’t solving for the next 12-14 months.”

“We Love You! When can we sign?”

– A bank can remain a SWIFT member for messaging, correspondent relationships and legacy traffic while simultaneously moving selected payment corridors, treasury liquidity, stablecoin settlement and digital-asset activity onto Ripple’s full-stack infrastructure.

Ripple enters this new 12-14 month “window of opportunity” SWIFT has opened, considerably stronger than the Ripple of several years ago. Ripple’s payments network has already processed $100B+, supports payouts across 60+ markets, and the Ripple Ecosystem now possesses 75+ regulatory licenses. Its European MiCA authorization alone gives it regulated reach across all 30 EEA countries.

Meanwhile, Ripple Treasury – the former GTreasury business – says its platform facilitated $13 trillion of customer payments in 2025. That gives Ripple something particularly valuable during this SWIFT “window of opportunity”: existing relationships with corporate treasury departments rather than having to acquire every customer from scratch.

And a new customer acquired through Ripple Payments can subsequently consume stablecoins, custody, liquidity, virtual accounts, treasury management and digital-asset infrastructure. Ripple explicitly describes its expanded payments platform as allowing customers to collect → hold → exchange → settle → payout fiat and stablecoins through one integrated environment.

New Payments customer
→ Ripple Payments
→ Ripple Treasury
→ RLUSD
→ custody
→ liquidity
→ tokenized assets
→ XRPL settlement
→ potentially XRP bridge liquidity where economically appropriate.

That is vastly more valuable than winning a payment message.

And there’s a beautiful strategic irony here.

SWIFT’s delay doesn’t prove SWIFT is dying. In fact, SWIFT says more than 98% of payment instructions are already being sent using ISO 20022, so this is specifically an implementation/readiness problem involving richer structured data – not failure of ISO 20022 itself.

Rinse & Repeat thousands of times. Gain 750-1,500 brand new banking, fintech, payments relationships.

Winning by not losing.

Source(s):
• https://x.com/KuwlShow/status/2093451408184115208

https://dinarchronicles.com/2026/08/29/rob-cunningham-ripple-turning-swifts-14-month-window-into-a-trojan-horse/

Iraq Economic News and Points To Ponder Sunday Afternoon 8-30-26

Iraq Economic News and Points To Ponder Sunday Afternoon8-30-26

Al-Amiri: I Assure Everyone There Will Be No Confrontation Between The State And The Resistance - 8/30/2026

Baghdad - INA - 8/30/2026   The Secretary-General of the Badr Organization Hadi al-Amiri said there would be no confrontation whatsoever between the state and the IRI resistance, stressing that the Coordination Framework had agreed on a decision to combat corruption and those responsible for it.  

“I assure everyone that there will be absolutely no confrontation between the state and the resistance,” Al-Amiri said in remarks delivered at a memorial ceremony marking the anniversary of the martyrdom of Grand Ayatollah Mohammed Baqir al-Hakim, according to remarks followed by the Iraqi News Agency (INA).  

“The fight against corruption and the corrupt is a decision agreed upon by the Coordination Framework, and we support system" rel="">support the prime minister in this regard,” he said.  

Al-Amiri said regulating weapons was “a legitimate national and constitutional objective” and a fundamental step towards building a strong state capable of protecting Iraq and safeguarding its security, sovereignty and dignity.

“Regulating weapons is not an external decision, but a purely Iraqi one,” he said.

https://ina.iq/en/politics/51595-al-amiri-i-assure-everyone-there-will-be-no-confrontation-between-the-state-and-the-resistance.html

Iraq Considers Loans From US Banks To Ease Liquidity Crisis

2026-08-30   Shafaq News- Baghdad    The Iraqi government is considering borrowing from US banks as a quick way to address its liquidity crisis rather than print more currency, an informed source told Shafaq News on Sunday.

“The Iraqi government sees this as a practical and quick solution amid the ongoing crises in the region,” the source said, without providing further details.

Iraq is preparing temporary legislation on borrowing, grants and subsidies to cover essential government spending while no federal budget is in place. The parliamentary Finance Committee said Parliament is awaiting the government’s formal submission of the draft law to prevent a funding gap.

Data from the Central Bank of Iraq (CBI) showed that the total value of currency issued rose to 111.189 trillion dinars ($84.5 billion) by the end of June 2026. By the end of June, currency held outside banks accounted for about 91.7% of the total, while the remaining 8.3% was held in bank vaults.

https://shafaq.com/en/Economy/Iraq-considers-loans-from-US-banks-to-ease-liquidity-crisis

Banking Sector Faces Turning Point In Iraq’s Reform Drive

2026-08-30   Shafaq News- Baghdad    Iraq’s banking sector faces a “critical crossroads” after years of weak management, oversight failures and declining public confidence have limited its ability to attract savings and finance investment and development, the prime minister’s economic adviser told Shafaq News on Saturday.

Mudher Mohammed Saleh said building an efficient banking system could no longer be delayed, particularly in an economy heavily dependent on oil for foreign currency.

“Restoring confidence requires stronger governance, supervision and compliance, strict anti-money laundering and counter-terrorist financing standards, restructuring troubled banks, addressing weaknesses in their financial positions and raising capital in line with risk levels and modern banking requirements.”

Technology is another key part of the overhaul, Saleh said, calling for improved digital systems, cybersecurity and risk management, along with secure and reliable electronic payment services. Such measures would reduce reliance on cash, expand financial inclusion and bring more people into the formal banking system.

However, technology and oversight alone would not restore confidence. Banks also need greater transparency, stronger depositor protections, clear deposit safeguards, faster complaint handling and the ability to protect customers’ money, according to the advisor.

He called for banks to shift from traditional services and liquidity management toward financing the real economy, particularly small and medium-sized enterprises and productive agricultural, industrial and service sectors.

“A bank that does not finance productive economic activity remains a financial intermediary with limited impact,” he said, adding that institutions capable of mobilizing savings, managing risks and financing production and investment can become partners in development.

From Cash to Credit

International economics professor Nawar Al-Saadi told Shafaq News that banking reform had become essential for moving Iraq from a cash-based economy toward one driven by financing. He said the Central Bank of Iraq’s (CBI) program offers banks several paths, including remaining in business, merging or leaving the market, alongside tougher governance, compliance and risk-management requirements.

Rebuilding confidence requires sound governance, solvency and transparency rather than campaigns to attract deposits, Al-Saadi said. He called for resolving the status of banks unable to continue operating, strengthening the capital of viable institutions, improving disclosure and independent auditing, and holding boards and executives accountable for violations.

Depositors should find banks “safer and easier to use” than keeping cash, he added. This would also require greater lending to small and medium-sized businesses and productive sectors, as well as effective credit-scoring systems instead of excessive reliance on traditional collateral.  

Protecting Deposits

Economic expert Ahmed Al-Janabi said reform required a comprehensive package beginning with restoring confidence and protecting depositors’ money, noting that many Iraqis remain reluctant to place their savings in banks.

He noted that the reform program involving global consultancy Oliver Wyman was developed against the backdrop of restrictions on several Iraqi banks. Seven institutions subsequently entered an initial phase allowing them to resume transactions and transfers in foreign currencies other than the dollar, while further reforms remain underway.

Al-Janabi estimated that currency issued by the CBI totals around 103 trillion dinars, while about 20 trillion dinars remain outside the banking system, much of it “hoarded in homes.”

Economic expert Ahmed Abdul Rabbo said the reforms undertaken with Oliver Wyman were important for rebuilding the banking sector, improving its efficiency and strengthening its links to the global financial system, calling for faster implementation.
He welcomed the decision allowing seven banks to conduct foreign transfers in currencies other than the dollar but said the priority should be enabling them to gradually resume broader operations. Reform should also extend beyond those institutions, he said, with other banks assessed and allowed to conduct foreign transfers once they meet the required standards.

The Central Bank has been working with international firms to overhaul the banking sector and address compliance problems that had cut several Iraqi banks off from dollar transactions.

On July 18, the CBI reached an agreement with the US Treasury Department allowing seven eligible banks to resume foreign correspondent banking in currencies other than the dollar. Access to dollar transactions remains subject to further compliance, governance and relicensing requirements.

https://shafaq.com/en/Economy/Banking-sector-faces-turning-point-in-Iraq-s-reform-drive

Al-Zaydi: We Directed The Exposure Of Corrupt Individuals And The Activation Of The Law Rewarding Informants.

2026-08-29 Shafaq News - Baghdad   During his visit on Saturday to the headquarters of the Federal Integrity Commission, Prime Minister Ali al-Zaidi directed the activation of the law rewarding informants about corruption cases, the strengthening of monitoring border crossings, and the exposure of corrupt individuals, stressing the need to submit monthly and quarterly reports on the progress of combating corruption and the level of achievement.

During the field visit, Al-Zaydi met with the head of the commission and its senior staff, and was briefed on its working mechanisms and efforts in combating corruption and protecting public funds, according to a statement issued by his media office.

The statement quoted Al-Zaydi as saying that "the Integrity Commission is a monument that cannot be measured by its walls, but rather by its scales, and by its two pans, which are integrity and the preservation of public funds," stressing that the battle against corruption is great, and that the commission represents the first line of defense in it.

The Prime Minister stressed that the role of the commission should not be limited to the oversight aspect, but should also include the preventive aspect, stressing the need to work on eradicating the corruption system completely, and to follow up on the governorates’ projects in the same way as the ministries’ projects.

He directed that projects be monitored according to three levels that correspond to the size and cost of the project, starting with high-cost projects, then medium-cost projects, and then small projects, in order to ensure that the supervisory effort is directed more effectively.

For his part, the head of the commission confirmed the formation of field teams to audit contracts in state institutions. The audit of contracts for eight ministries has been completed, while work continues to complete the rest of the institutions.

He pointed out the completion of the National Strategy for Integrity and Combating Corruption, which extends until 2030, and stressed the commission’s readiness to move forward in combating corruption and preserving public funds.  

https://www.shafaq.com/ar/سیاسة/الزيدي-وج-هنا-بفضح-الفاسدين-وتفعيل-قانون-مكاف-ة-المخبرين

Seeds of Wisdom RV and Economics Updates Sunday Afternoon 8-30-26

Good Afternoon Dinar Recaps,

The Fed's Rate Warning Meets America's Debt Problem: The Dollar Enters a New Phase

The Federal Reserve's renewed willingness to raise interest rates is colliding with a very different problem: a U.S. government carrying more than $40 trillion in debt while long-term Treasury yields remain elevated. The result is a new tension between defending the dollar's purchasing power and managing the cost of America's debt.

Overview

• Fed Chair Kevin Warsh's hawkish message has sharply increased expectations for a September rate hike, with market pricing rising to roughly 56% from 35% following his Jackson Hole remarks.

• At the same time, U.S. debt has surpassed $40 trillion and long-term Treasury yields remain elevated, creating greater sensitivity to higher interest rates.

• The timing is significant because the G20 is now meeting with U.S. debt, Iran, tariffs, energy prices and financial stability all on the agenda, bringing monetary policy and geopolitical finance into the same conversation.

Key Developments

1. The Fed is signaling that inflation may require higher rates

Kevin Warsh's Jackson Hole message changed the market's perception of the Federal Reserve's next move.

Rather than emphasizing the possibility of holding rates steady, Warsh indicated that current financial conditions may not be restrictive enough to bring inflation sustainably back under control.

Markets responded quickly.

The probability of a September rate increase rose to approximately 55.7%, according to CME FedWatch data cited by Reuters. Gulf markets subsequently moved lower because many regional currencies are pegged to the dollar and therefore remain highly sensitive to changes in U.S. monetary policy.

The important point is that the Fed is now confronting a difficult choice:

Fight inflation with higher rates—or accommodate an economy carrying an enormous amount of government debt.

2. America's debt makes higher rates increasingly consequential

The United States has now crossed the $40 trillion federal debt threshold.

At the same time, the 30-year Treasury yield reached its highest level in 19 years earlier this month.

That combination matters because higher interest rates don't only affect mortgages and corporate borrowing.

They eventually affect the government's own interest bill.

As existing Treasury securities mature, they must be refinanced at prevailing market rates. If those rates remain elevated, an increasing portion of federal revenue must go toward servicing the debt.

This creates a difficult feedback loop:

Higher rates → higher debt-service costs → larger deficits → more borrowing → greater Treasury supply → pressure on long-term yields.

The Federal Reserve can influence the short end of the curve, but it cannot permanently eliminate the fiscal arithmetic.

3. Treasury policy is already responding to pressure in the long bond

The Treasury has already taken an unusual step by doubling scheduled buybacks of longer-term Treasury securities to $4 billion per operation.

The move briefly cooled long-term yields.

But Reuters reports that the intervention has raised concerns among central bankers because the Treasury market has traditionally operated under a principle of regular and predictable issuance, rather than active attempts to influence market pricing.

That creates another important tension.

The Federal Reserve is signaling that rates may need to remain higher to control inflation.

Meanwhile, the Treasury wants to prevent long-term borrowing costs from becoming excessively expensive.

Monetary policy and fiscal policy are therefore pulling on different parts of the same financial system.

Why It Matters

The dollar has historically benefited from higher U.S. interest rates because higher yields can attract global capital into dollar-denominated assets.

But today's environment is different.

The United States is simultaneously dealing with: Higher rates + enormous debt + elevated Treasury yields + large financing requirements.

That means a stronger dollar is no longer the only objective.

Washington also has an interest in keeping Treasury financing costs manageable.

This creates a more complicated relationship between the dollar and interest rates.

Higher rates can support the dollar while simultaneously increasing the cost of maintaining the debt structure that supports the dollar.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, this is an important distinction.

A rising dollar does not necessarily mean that the underlying U.S. financial system is becoming stronger in every respect.

The dollar can strengthen because U.S. interest rates are higher, while investors simultaneously become more concerned about the long-term cost of U.S. debt.

That creates two competing forces:

• Higher rates → support dollar demand

• Higher debt costs → increase questions about long-term fiscal sustainability

The question for currency holders is therefore not simply:  "Is the dollar strong today?"

It is:  "What is causing the dollar's strength—and is that force sustainable?"

Implications for the Global Financial Reset

• The dollar may be entering a more complicated phase

For years, the relationship was relatively straightforward:

Higher U.S. rates → stronger dollar → more demand for Treasuries.

That relationship is becoming more complicated as investors increasingly evaluate U.S. fiscal sustainability alongside monetary policy.

The dollar remains the dominant global reserve currency.

But the cost of supporting that system is becoming more visible.

• Global investors are being forced to price monetary and fiscal risk together

The G20 meeting makes this especially important.

Treasury Secretary Scott Bessent is entering discussions with other major economies while trying to address U.S. debt and bond-market concerns, global trade imbalances, Iran sanctions and energy disruption at the same time.

Those issues can no longer be treated as completely separate.

• Oil affects inflation.

• Inflation affects interest rates.

• Interest rates affect Treasury yields.

• Treasury yields affect the dollar.

• And the dollar affects global trade and capital flows.

That is the interconnected system you should be watching.

What to Watch

The next major signals will come from:

• September Fed expectations following Warsh's Jackson Hole message

• The next U.S. employment and inflation reports

• 30-year Treasury yields and upcoming debt auctions

• Treasury buyback activity

• The dollar's reaction to higher rate expectations

• G20 discussions involving U.S. debt, Iran sanctions and trade

• Whether foreign central banks continue increasing diversification into gold and other reserve assets

The key question is whether higher rates strengthen the dollar enough to offset the financial pressure created by higher U.S. debt-service costs.

Bottom Line

The Fed's renewed willingness to consider higher rates might initially appear to be a straightforwardly positive development for the dollar.

But America's debt burden changes the equation.

The United States now needs to defend the purchasing power of its currency while simultaneously managing the rising cost of financing the debt behind that currency.

That is the new tension.

The dollar may remain the world's dominant reserve currency, but the market is increasingly being asked to price the dollar, Treasury debt and U.S. fiscal policy as one interconnected system.

The next phase of the global financial reset may not be about whether the dollar rises or falls—it may be about how much higher interest rates the United States can sustain before protecting the dollar begins to collide with protecting the Treasury market.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — Gulf stocks fall as Fed rate-hike bets rise after Warsh remarks

• Reuters — U.S. Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war and bond turmoil

~~~~~~~~~~

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Fed vs. Treasury: The $1 Trillion Gold Revaluation Plan? | Mario Innecco

Fed vs. Treasury: The $1 Trillion Gold Revaluation Plan? | Mario Innecco

Liberty and Finance:  8-29-2026

Mario Innecco warns that the Federal Reserve may be far less capable of fighting inflation than its rhetoric suggests, arguing that changing CPI methodology masks the true erosion of purchasing power.

He discusses the possibility of the Treasury revaluing U.S. gold to generate roughly $1 trillion that could potentially be used for Treasury buybacks and yield-curve control.

Mario also suggests that the apparent conflict between Fed Chair Kevin Warsh and Treasury Secretary Scott Bessent could be “theater” designed to manage public perception while policymakers deal with mounting debt and financial instability.

Drawing parallels to the financial disruption surrounding World War I, he warns that a major geopolitical conflict could severely disrupt markets and make physical gold and silver an important form of protection against financial chaos.

He also remains bullish on gold, silver and mining stocks, while arguing that sanctions and the weaponization of the dollar may be accelerating de-dollarization and encouraging foreign central banks to turn toward gold.

INTERVIEW TIMELINE:

0:00 Intro

1:15 Market sell-off

8:43 Gold revaluation

16:00 Mainstream interest in gold

19:33 Wars and financial crises

28:00 Miners

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

Sunday News Posted by Tishwash at TNT 8-30-2026

TNT:

Tishwash:  Venezuela is considering leaving OPEC.

 Informed sources reported on Friday that Venezuela is seriously considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC). They revealed that this issue was the focus of recent discussions between Venezuelan and American officials, though no official decision has yet been reached.

These developments come at a time when Venezuela's oil influence in global energy markets has clearly diminished, following years of economic sanctions and internal turmoil that have reduced its production to less than half of the levels recorded a decade ago. This decline is also attributed to the rise of new competitors and the increasing supply of shale oil, as well as the giant discoveries in Guyana and Brazil. 

Economic observers believe that Caracas’s move to leave will reinforce concerns about the organization’s cohesion and its strategic ability to control and balance oil prices, especially as it comes in the wake of the UAE’s withdrawal months ago, and the escalating wave of criticism from other members, including Iraq, which puts the future of the “OPEC+” alliance to major tests. 

It is worth noting that Venezuela is one of the five founding members of OPEC, which was launched in Baghdad in 1960, and played a pivotal role in formulating and establishing the OPEC+ alliance with Russia in 2016.  link

Tishwash:  Al-Zidi's cabinet is nearing completion; Parliament prepares to vote on nine ministerial portfolios.

Najat Al-Tai, a leader in the Al-Azm Alliance, confirmed on Saturday that the vote on the remaining ministerial portfolios in Ali Al-Zidi’s government will be decided during the next week or the week after at the latest, while she indicated that her alliance had submitted its candidates for two ministries that it was entitled to.

Al-Ta’i explained in her interview with Al-Ma’louma that “the recent meetings that brought together representatives of the important political parties in the Iraqi scene resulted in important agreements, most notably the agreement to proceed with the vote on nine ministerial portfolios in Ali Al-Zidi’s government,” expecting that “a session of the House of Representatives will be scheduled during the next week or the week after, and a vote will be held on the candidates for the nine ministries.”

She added that "the Al-Azm Alliance has submitted its candidates for the Ministries of Planning and Culture, as they are its entitlement," denying "the bloc's backtracking on its entitlement, as it is an agreement that was signed by all political parties during the consultations to form Ali Al-Zidi's government."

Al-Ta'i confirmed that "the coming days will be crucial in completing Ali al-Zaidi's cabinet and resolving the issue of the remaining ministerial portfolios."    link

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Tishwash:  Iraq Prepares for US-Led Coalition Withdrawal by September 30

At a Glance

The Iraqi government remains firm on completing the withdrawal of coalition forces by September 30, 2026.

The Kurdistan Region is urgently requesting advanced air defense systems to counter persistent drone and missile threats.

Coalition financial support for the Peshmerga will cease post-withdrawal, transitioning solely to training, logistics, and reform assistance.

A specialized federal committee has been formed to structure bilateral military coordination, with evacuated bases transferring to Peshmerga control.

In a statement, sources confirmed that federal and regional authorities are actively negotiating security arrangements ahead of the scheduled September 30 deadline for ending the coalition's military mission in Iraq.

Key Statements and Focus Area

Regional Security Demands: Kurdistan Region Interior Minister Rebar Ahmed emphasized that ongoing talks with Baghdad and Washington focus on securing advanced air defense systems to prevent security vacuums left by departing coalition assets.

Peshmerga Assistance Shifts: Former Peshmerga Ministry Secretary-General Jabar Yawar noted that while direct financial stipends will end after September 30, technical, logistical, and reform-oriented backing will persist.

Base Handovers: Joint Operations Command spokesperson Sabah Noman stated that Prime Minister Ali Zeidi ordered a specialized committee to oversee future relations, ensuring that military outposts vacated by coalition forces are handed over directly to the Peshmerga.

The transition marks a pivotal turning point in Iraq's defense posture, shifting from international coalition-led operations to bilateral security frameworks. Both federal and regional commanders continue to evaluate logistical requirements to maintain counter-terrorism readiness and airspace protection.

FYI

The US-led coalition has operated in Iraq since 2014 under an invitation from the Iraqi government to support military campaigns against ISIS. The upcoming 2026 transition represents a complete pivot toward bilateral defense cooperation, focusing on institutional reform, intelligence sharing, and specialized tactical training.  link

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Tishwash:  Washington outlines its partnership with Baghdad: An Iraq free of terrorism and weapons in the hands of the state.

A spokesman for the US State Department confirmed on Sunday that Iraq has begun a new path under the leadership of Prime Minister Ali al-Zaidi, and in full partnership with the United States.

The ministry spokesman told Shafaq News Agency that "Washington, as emphasized by US President Donald Trump during his meeting with Prime Minister al-Zaidi on the historic visit on July 14, strongly supports the Iraqi government's vision for a better and brighter future for all Iraqis, free from terrorism."

He added that "the United States clearly supports efforts to prevent the execution or launching of any attacks from within or through Iraqi territory," noting that "proceeding with the process of controlling and restricting weapons to the state is a fundamental pillar for enhancing security and stability in Iraq."

The spokesman explained that "restricting weapons to the state would reduce the threats that armed factions and groups may pose, and create a stable security environment that would allow for building a strong and mutually beneficial partnership between Baghdad and Washington."

The issue of armed factions is one of the most sensitive issues facing the Iraqi government, with the approach of September 30, which the main political forces have set as the deadline for restricting weapons to official institutions.

The State Administration Coalition, which includes the most prominent Shiite, Sunni and Kurdish political forces, stressed during its meeting on August 5 the need to restrict weapons to the state, and considered the parties that carry out activities that threaten the security of the country outside the framework of official institutions as “outlaws and must be fought.”

The coalition warned that any armed activity outside the framework of the state after September 30 would be dealt with according to the anti-terrorism law.

Following this, Iraqi security and military forces raised their readiness level throughout the country, and the leave of a number of commanders and officers was cancelled, while security agencies began implementing field movements and exercises in anticipation of any emergency or friction that might develop into an armed confrontation.

Last week, Baghdad witnessed hours of security tension coinciding with threats by armed factions to retaliate against Saudi Arabia after strikes targeted Popular Mobilization Forces sites, before it ended with contacts and a dawn meeting between Prime Minister Ali Faleh al-Zubaidi and Badr Organization leader Hadi al-Amiri, which led to a mutual calming and opened the way for diplomatic action to address the crisis.

Al-Amiri later called on the "Islamic Resistance" factions to postpone any military response against Saudi Arabia and to prioritize "Iraq's higher interest," but he returned and stressed during a meeting with a number of Popular Mobilization Forces leaders the importance of maintaining a high level of readiness.

The plan to restrict weapons does not have a unified stance from the armed factions.

While some forces expressed a willingness to reorganize their military and security relationship with the state, other factions, including Kataib Hezbollah, Harakat al-Nujaba and Kataib Sayyid al-Shuhada, announced their refusal to relinquish their military capabilities, and linked any discussion about their weapons to the end of the presence of foreign forces and ensuring the protection of Iraq from external attacks.

September 30th also coincides with the deadlines related to ending the international coalition's military presence in Iraq, which some factions use as a basis for linking the future of their weapons to the withdrawal of foreign forces.  link

Tishwash:  Iraq Orders Seizure of Assets Belonging to 12 MPs and Former PM Adviser

The Central Bank of Iraq (CBI) announced on Saturday that a court has ordered the seizure of the movable and immovable assets of 12 members of parliament and an adviser to the former Iraqi prime minister in connection with corruption investigations.

In a letter sent to state-owned and private banks and reviewed by PUKMEDIA, the bank said the Karkh Investigation Court, which handles integrity cases, issued the order on 27 August 2026.

The order requires banks to freeze the accounts, funds and shares belonging to those named in the decision and to prohibit any financial transactions involving them.

The individuals named in the order include MPs Alia Nassif Jassim al-Obeidi, Muthanna Abdul Samad al-Samarrai, Ashwaq Salem al-Jubouri, Bahaa Nouri Mohammed, Hind Mohammed Saleh al-Abbasi, Mudhar Maan Saleh, Ziad Tariq al-Janabi, Abdul Rahman Hassan Khalid and Mohammed Farman al-Jubouri.

The list also includes former MPs Bushra Rajab al-Qaisi and Mohammed Saadoun al-Sudani, as well as Ibrahim Mohammed Abbas, an adviser to the former prime minister.

The Ministry of Finance has instructed relevant ministries and government departments, including the Ministries of Commerce, Industry and Agriculture, as well as the Real Estate Registration, Traffic and Taxation authorities, to take the necessary measures to implement the court order and freeze the assets of those named.

The decision follows a large-scale security operation, dubbed “Operation Dawn”, launched in the early hours of 28 June 2026. According to statements issued by the relevant authorities at the time, the operation resulted in the arrest of several individuals named in the case over alleged corruption-related offences.

Iraq launched an aggressive, high-profile anti-corruption campaign dubbed Operation Dawn (Sawlat Al-Fajr) under Prime Minister Ali al-Zaidi. The sweeping drive has targeted senior government officials, lawmakers, and business figures, resulting in the recovery of over $300 million in hidden cash and hundreds of kilograms of gold.

Iraqi authorities have recovered over 295 billion Iraqi dinars, $44.9 million and 484 kilograms of gold in connection with the corruption investigation involving Adnan al-Jumaili. Authorities have also seized commercial properties, flour mills, transport trucks, vehicles and other assets linked to the case.

The latest seizure is part of one of Iraq’s largest corruption investigations in recent years. Al-Jumaili previously served as the Oil Ministry’s undersecretary for refining affairs and as general manager of the North Refineries Company, which oversees the Baiji refinery. He was removed as head of the North Refineries Company in late May and replaced by Qusay Khalaf.

Iraqi security forces arrested al-Jumaili on 30 May near al-Ishaqi in Saladin province, shortly after his removal from the refinery post and days after Prime Minister Ali al-Zaidi ordered a broad review of government contracts signed under previous administrations. Around $11 million was reportedly found in his possession at the time of his arrest.

Investigators subsequently reported a series of additional seizures linked to the case. In early July, authorities said they had recovered more than 100 billion Iraqi dinars, tens of millions of dollars, gold, property and dozens of vehicles. Some of the assets were reportedly concealed inside plastic water bottles and the walls of properties linked to al-Jumaili in Tikrit. By July 6, the Supreme Judicial Council said the total value of funds seized in the case had reached $121 million.

On 13 July, the Supreme Judicial Council announced the recovery of 358 kilograms of gold directly linked to the al-Jumaili case, in coordination with the Kurdistan Region and under the supervision of Council Chief Justice Faiq Zaidan. A further 17 kilograms was seized the same day in a related but separate investigation, bringing the total recovered that day to 375 kilograms.

Separately, an investigative court specialising in integrity cases in Nineveh ordered the seizure of nine commercial properties, three flour mills and seven transport trucks in Mosul in connection with the investigation. Further seizures, including around 25 billion Iraqi dinars as well as additional gold and cash, were reported in mid and late July. link

News, Rumors and Opinions Sunday 8-30-2026

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR Update as of Sun. 30 Aug. 2026

Compiled Sun. 30 Aug. 2026 12:01 am EST by Judy Byington

Judy Note: As a World we have been connected by a Global Financial System – that since at least 1871 has been ruled by Deep state Elites who have kept us in debt to do their bidding.

As of Tues. 1 Sept. 2026 that all (allegedly) changes due to President Trump, the BRICS Nations Alliance representing 209 countries and the Global Military Alliance of nine nations.

The Quantum Financial System Global Currency Reset was being activated with at least 144 countries currencies now gold/asset-backed and trading at a 1:1 with each other. NESARA/GESARA Freedom From Debt Laws were also (allegedly) in the process of implementation across the World.

At any moment Tier4a,b, (the general public who invested in the GCR and followed it’s progress through the Internet) will receive notification to make currency exchange and Zim Bond redemption appointments. Bondholders in Tiers 1 and 2 have (allegedly) already been paid, hidden under iron-clad NDAs. The dam was cracking. The flood was ready.

On Fri. 6 Sept. Nations of the BRICS Alliance were scheduled to unveil this gold/asset-backed Global Currency Reset of 209 nations. The fiat US Petrodollar that has been used by the Cabal to keep the World in debt since 1913, was set to automatically collapse.

By Wed-Thurs. 18, 19 Sept. 2026 the fiat Global Financial System was set to be disintegrated, while the new Quantum Financial System was scheduled to arise.

~~~~~~~~~~~~~~

The time has (allegedly) arrived Tier4b ISO20022 EXECUTION PHASE FINAL ALERT, SIGNAL WINDOW OPEN THE STORM IS UPON US. [TODAY], NOT SOMEDAY. NOT A RUMOR. NOT A DRILL. GREEN LIGHT — 11:11 …JFK 17 Letters Awakening on Telegram Sat. 29 Aug. 2026

THIS IS NOT AN ANNOUNCEMENT PHASE. THIS ISEXECUTION PHASE. THE OLD SYSTEM DOESN’T FALL WITH NOISE. IT FALLS WITH SILENCE.

ISO 20022 RAILS ACTIVATING
TIER 4B POSITIONING LIVE
LEGACY FINANCE UNDER EXTREME PRESSURE

WHEN THE WORLD FINALLY LOOKS UP, THE RESET WILL ALREADY BE COMPLETE. THIS IS HOW HISTORY TURNS. QUIETLY. PRECISELY. IRREVERSIBLY.

Read full post here:  https://dinarchronicles.com/2026/08/30/restored-republic-via-a-gcr-update-as-of-august-30-2026/

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

Jeff   Question: "What exactly do I do when this pops?"  Jeff:  Go to the bank and exchange. 

Reset Intelligence  The redenomination of the Iraqi dinar (IQD) is the most common fear in the dinar community, and the fear...runs like this. Iraq deletes the zeros and forces every note through a 1,000-to-1 swap.  The foreign holder who waited 20 years...walks out with a fraction of what he held...Iraq is not running this entire process to make its money worth less...The whole design points one way, and that way is up...Deleting the zeros changes the face of the money, not what it buys. A 25,000 dinar note becomes a 25 note, prices drop the same 3 zeros, and purchasing power walks across intact. It is domestic housekeeping. Iraq pulls its own street cash through licensed counters, exchanges old notes for replacement notes or an electronic balance, and destroys what comes back. [Post 1 of 2]

Reset Intelligence  That swap at home [in Iraq] is one door, and it was built for one crowd: the trillions of dinar sitting in Iraqi mattresses, market stalls and shop tills...It cleans the circulation, pays nobody a premium, and was never meant to...A foreign holder was never in that queue. Your notes sit on a different line entirely...A banknote is bearer paper... payable to the face of the note...When the redemption side of this event runs, 3-zero notes held abroad are honored at face value, priced at the revaluation rate...and settled through the international banking layer rather than through a teller window in Baghdad or the CBI... the exchange that reaches a holder abroad is the revaluation, not the zeros. [Post 2 of 2]

Major Iraq Update: ASYCUDA Deadline, Florida Tax Cuts & Market Signals

Jon Dowling and Chris Real World: 8-29-2026

https://www.youtube.com/watch?v=XT3cgJe8W58&t=107s

Iraq Economic News and Points To Ponder Sunday Morning 8-30-26

The Rising Dollar Is Testing Banking Reforms; The Central Bank Is Changing Rules, But The Parallel Market Is Resisting

Last updated: August 30, 2026   Al-Mustaqilla/Baghdad/- The dollar is still being sold in the Iraqi parallel market at a significant difference from the price announced by the Central Bank, despite a series of banking and regulatory measures implemented by the authorities during the past months in an attempt to restructure the financial sector and expand official channels for obtaining foreign currency.

The selling price of $100 at Baghdad exchange bureaus reached approximately 154,500 dinars at the close of trading on Saturday, August 29, the same price as at the Al-Kifah and Al-Harithiya exchanges. Meanwhile, the Central Bank offers the dollar at 1,310 dinars, equivalent to 131,000 dinars per $100.

This leaves a difference of approximately 23,500 dinars, or about 18 percent, between the Central Bank's rate and the cash selling price in the market.

The figures do not reflect a steady upward trend for the dollar. The selling price in Baghdad reached about 156,000 dinars in some sessions in June before it declined, but at the end of August it remained higher than its level at the end of January when it was selling for about 151,000 dinars per 100 dollars.

This means that the new measures have not yet led to a permanent narrowing of the gap between the two prices to limited levels, despite a major change in the way Iraq manages trade finance and access to foreign currency.

Since the beginning of 2025, Iraq has moved from an electronic platform through which the Central Bank oversaw foreign transfers to a system in which commercial banks rely on their accounts and relationships with correspondent banks abroad, while the Central Bank finances those accounts and oversees compliance.

The International Monetary Fund said last year that the transition to the new system had succeeded in reducing the gap between the official and parallel exchange rates at that stage, but it also said that further narrowing the gap required facilitating access to foreign currency, tightening customs controls to curb smuggling and informal trade, and promoting the use of the dinar in local transactions.

But the widening gap again in 2026 indicates that reforming the transfer mechanism alone was not enough to eliminate demand outside the formal system.

The central bank said in June that it was committed to meeting legitimate demand for dollars and maintaining exchange rate stability, and that its reform program included reintegrating Iraqi banks into foreign transfers, expanding their relationships with correspondent banks, improving electronic payments, and complying with anti-money laundering and counter-terrorism financing standards.

In July, Central Bank Governor Nizar Nasser Hussein announced that, following discussions with the US Treasury Department, an understanding had been reached allowing restricted Iraqi banks to return to foreign correspondent banking channels in currencies other than the dollar after they met compliance and governance requirements.

The bank said that seven banks have become eligible for this stage, and that they can regain eligibility to deal in dollars later after passing additional requirements.

In the same month, the Central Bank withdrew the licenses of three companies that mediated the buying and selling of foreign currencies, namely Al-Rawajeb, Saba and Al-Nitaq, due to their violation of the sector's regulatory controls.

Then, it held meetings with exchange companies to discuss reorganizing their operations and raising compliance and governance levels.

The policy towards cash dollars also witnessed another change. In July, Iraqi media published a directive from the Central Bank allowing banks to deliver some foreign remittances and incoming dollar deposits to their owners in the same currency, according to specific controls, in a move that would increase the banking system's ability to meet the legitimate demand for foreign currency.

However, the parallel market did not disappear.

This is partly due to the nature of demand, which does not all pass through the banking system. The IMF stated in its report on Iraq that the remaining difference between the two exchange rates reflects, among other factors, informal trade, demand for dollars for activities that cannot access regulated channels, and speculation.

The central bank itself had previously stated in clarifications that part of the parallel demand comes from traders who do not use official import methods, or from trade that does not pass through regular customs ports, or from prohibited activities, which makes providing dollars for legitimate transactions insufficient on its own to eliminate the informal market.

Iraq's financial relationship with the United States and its trade with Iran add another layer of complexity.

Reuters reported last week that Iraq's reliance on the dollar-based financial system gives Washington significant leverage over its financial sector, at a time when Iraq maintains extensive economic ties with Iran. According to figures cited by the agency, Iraqi-Iranian trade exceeded $10 billion in 2025.

In recent years, the United States has also imposed restrictions and sanctions on Iraqi banks that it said were involved in transactions linked to Iran, prompting the central bank to tighten compliance requirements and restructure the relationship of Iraqi banks with the international financial system.

This reveals a paradox facing Iraqi monetary policy: stricter compliance reduces the risks of sanctions and money laundering and brings banks closer to the international financial system, but at the same time it may leave a portion of demand that is unable or unwilling to go through official procedures heading to the parallel market.

Therefore, the market rate alone does not provide a complete measure of the success of banking reform. Restructuring banks, improving governance, expanding their international relationships, and subjecting remittances to scrutiny are objectives that extend beyond the daily exchange rate.

However, a persistent gap approaching 18 percent is at the same time an indicator that is difficult to ignore when measuring the ability of reforms to reach the real economy.

For a trader who cannot finance all of his needs through a correspondent bank, or a citizen who needs cash dollars for purposes other than those specified, the parallel market rate remains the actual rate he faces.

Herein lies the most difficult test for the Central Bank and the government of Ali al-Zaidi.

After changing the rules for foreign exchange, reopening banking channels, regulating exchange companies, and expanding dollar transactions through banks, the challenge is no longer limited to building a more compliant financial system, but has become making this system capable of competing with the parallel market in speed, access, and cost.

The experience of the first eight months of 2026 suggests that the parallel market has not yet given up.

The dollar, which was selling for about 151,000 dinars per 100 dollars at the end of January, reached 154,500 dinars at the end of August, although it fell back from the peaks it recorded in June.

Thus, what has been achieved so far seems closer to a reform of the banking structure and channels than to a complete transformation of the exchange market.

Narrowing the gap between the two prices, rather than just the number of instructions or banks that have been rehabilitated, will be one of the clearest tests of the new policy’s ability to transfer reform from the banks to the market.

https://mustaqila.com/ارتفاع-الدولار-يختبر-الإصلاح-المصرفي/

EIA: US Records No Crude Imports From Iraq

2026-08-30 Shafaq News- Baghdad  US crude oil imports from Iraq fell to zero last week, down from 6,000 barrels per day (bpd) a week earlier, Energy Information Administration (EIA) data showed on Sunday.

Canada remained the largest supplier at 3.526 million bpd, followed by Venezuela at 662,000, Brazil at 348,000, Mexico at 196,000, and Saudi Arabia at 165,000. Colombia shipped 141,000 bpd, Libya 89,000, and Nigeria 50,000.

No crude shipments were recorded from Ecuador, Algeria, Angola, Congo, Equatorial Guinea, Kuwait, Norway, Russia, Trinidad and Tobago, or the United Kingdom.

https://www.shafaq.com/en/Economy/EIA-US-records-no-crude-imports-from-Iraq

USD/IQD Remains Steady In Baghdad, Erbil

2026-08-30 Shafaq News- Baghdad/ Erbil   The US dollar opened Sunday’s trading steady in Iraq, hovering above 153,500 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 154,000 dinars per 100 dollars, unchanged from the previous session on Saturday.

In the Iraqi capital, exchange shops sold the dollar at 154,500 dinars and bought it at 153,500 dinars, while in Erbil, selling prices stood at 153,950 dinars and buying prices at 153,850 dinars.

https://www.shafaq.com/en/Economy/USD-IQD-remains-steady-in-Baghdad-Erbil

Gold Prices Hold Steady In Baghdad And Erbil

2026-08-30 Shafaq News- Baghdad/ Erbil   Gold prices hovered around 950,000 IQD per mithqal in Baghdad and Erbil markets on Sunday, according to a Shafaq News market survey.

On Baghdad's Al-Nahr Street, 21-carat gold, including Gulf, Turkish, and European varieties, sold for 970,000 IQD per mithqal (equivalent to five grams), with a buying price of 966,000 IQD, unchanged from Saturday.

The selling price for 21-carat Iraqi gold stood at 940,000 IQD per mithqal, with a buying price of 936,000 IQD.

At jewelry stores, 21-carat Gulf gold sold for between 970,000 and 980,000 IQD per mithqal, while Iraqi gold ranged from 940,000 to 950,000 IQD.

In Erbil, 22-carat gold sold for 1,000,000 IQD per mithqal, 21-carat gold reached 955,000 IQD and 18-carat gold stood at 820,000 IQD.

https://www.shafaq.com/en/Economy/Gold-prices-hold-steady-in-Baghdad-and-Erbil-4-9

Seeds of Wisdom RV and Economics Updates Sunday Morning 8-30-26

Good Morning Dinar Recaps,

The G20 Financial Test: U.S. Debt, Iran and Trade Reshape the Global Economic Order

As the world's major economies gather for a G20 finance meeting, the financial system is being tested on several fronts at once: rising U.S. debt and bond yields, the economic consequences of the Iran war, trade tensions and Washington's attempt to use the dollar-centered financial system as leverage.

Overview

• U.S. Treasury Secretary Scott Bessent enters the G20 meeting facing an unusually difficult combination of problems: rising U.S. debt, elevated long-term Treasury yields, trade tensions and the economic fallout from the Iran war.

• Washington wants G20 nations to reduce trade imbalances, support economic growth and sever remaining economic ties with Iran, including through pressure on countries purchasing Iranian oil.

• The deeper issue is whether the G20 can coordinate around a common financial agenda when its members increasingly have different interests regarding the dollar, trade, energy and sanctions.

Key Developments

1. The G20 is meeting as multiple financial pressures converge

Finance ministers and central-bank governors from the world's major economies are meeting in Asheville, North Carolina, on Monday and Tuesday.

The timing is significant.

The global economy is dealing simultaneously with elevated energy prices, disrupted trade, geopolitical conflict and higher government borrowing costs.

The Iran war has kept the Strait of Hormuz closed, affecting energy flows and economic activity across the G20. At the same time, Washington is confronting rising U.S. debt and long-term Treasury yields that recently reached their highest level in 19 years.

This means the G20 isn't meeting under normal economic conditions.

It is meeting while the existing financial architecture itself is under pressure.

2. Washington wants Iran to become a global financial issue

Bessent is expected to push G20 partners to cut remaining economic ties with Iran, particularly transactions involving Iranian oil.

That turns the Iran conflict into something larger than a regional military or energy crisis.

It becomes a test of how much influence Washington can still exercise through the dollar-centered financial system.

Countries that continue doing business with Iran could face secondary U.S. sanctions, creating a difficult choice for governments and companies that have economic relationships with Tehran.

The problem for Washington is that the G20 includes countries such as China, India, Russia and Turkey, which have varying degrees of economic ties with Iran.

That makes consensus difficult.

3. The Treasury market is becoming part of U.S. economic diplomacy

The G20 discussion will also occur against the backdrop of an increasingly important problem at home: the cost of financing U.S. government debt.

The 30-year Treasury yield reached its highest level in 19 years this month.

The Treasury responded by announcing that it would double scheduled purchases of longer-term Treasuries to $4 billion per operation, temporarily easing pressure on yields. But the intervention has generated concerns among some market participants and central bankers about a greater Treasury role in a market traditionally valued for its predictable issuance and functioning.

That creates a difficult message for Washington.

The United States wants the world to continue viewing Treasury securities as the foundation of the global financial system while simultaneously taking increasingly visible steps to influence the market for those securities.

Why It Matters

The G20 represents roughly 85% of global GDP and 75% of international trade, making it one of the most important forums for assessing the direction of the global economy.

But the group's challenge is no longer simply economic coordination.

It is increasingly about competing financial interests.

• The United States wants stronger growth, lower trade imbalances and continued use of its financial system as a tool of economic pressure.

• China and other emerging powers have different priorities, including maintaining access to energy, expanding trade and reducing vulnerability to U.S. sanctions.

• Europe is dealing with the inflationary consequences of higher energy prices.

• And central banks are being forced to reconsider how quickly they can ease monetary policy.

The result is a global economy where trade policy, monetary policy, energy security and financial sanctions are becoming increasingly interconnected.

Why It Matters to Foreign Currency Holders

For foreign-currency holders, the important development is not simply whether the dollar strengthens or weakens against another currency.

• It is the possibility that global trade and financial relationships are becoming more fragmented.

• If countries increasingly face pressure to choose between access to the U.S. financial system and commercial relationships with sanctioned countries, the incentive to develop alternative payment and settlement channels increases.

• That could gradually strengthen the importance of local-currency trade, regional payment systems and alternative reserve assets.

• This does not mean the dollar is suddenly losing its reserve status.

Rather, the G20 meeting illustrates why the global monetary system may increasingly operate with multiple financial pathways instead of one dominant pathway.

Implications for the Global Reset

• Financial power is becoming part of geopolitical power.

The Iran sanctions campaign demonstrates how the United States can use its position at the center of the dollar system to influence the behavior of other countries.

But every time that leverage is used, other nations have an incentive to ask whether they should become less dependent on the system being used as leverage.

That creates a paradox.

The stronger the dollar system is used as a geopolitical weapon, the greater the incentive for some countries to build alternatives to it.

• The next financial architecture may emerge from fragmentation rather than replacement.

There is still no evidence of an imminent replacement for the dollar.

What is developing instead is a gradual layering of alternatives:

Dollar settlement + local currencies + regional payment systems + alternative reserve assets + new cross-border financial infrastructure.

That is consistent with the broader financial-reset theme we've been tracking.

The system doesn't have to collapse to change.

It can diversify one transaction, one payment rail and one trade relationship at a time.

What to Watch

The most important signals coming out of the G20 meeting will be:

• Whether countries support or resist Washington's Iran sanctions strategy

• Any discussion of global trade imbalances

• Statements concerning the U.S. Treasury market and long-term yields

• China's response to pressure over Iranian oil purchases

• Whether emerging economies push for greater use of local currencies

• Any discussion of international financial stability or alternative payment mechanisms

The most revealing outcome may actually be what the G20 cannot agree on.

A widening gap between the United States and other major economies over Iran, trade and financial policy would provide another indication that the post-Cold War financial architecture is becoming harder to coordinate.

Bottom Line

The G20 meeting is more than another gathering of finance ministers.

It is a stress test for the global financial system.

The United States arrives with enormous financial power—but also with $40 trillion-plus in public borrowing, elevated Treasury yields and an increasingly aggressive use of financial sanctions.

China and other major economies arrive with their own interests in trade, energy security and financial independence.

The central question is therefore becoming larger than Iran or U.S. debt:

Can the existing dollar-centered financial system continue to coordinate the world's major economies when those same economies increasingly disagree over trade, energy, sanctions and the distribution of financial power?

The global financial reset may not arrive as one dramatic replacement of the dollar system—it may emerge through the gradual renegotiation of debt, trade, energy and financial relationships inside the world's most important economic forum.

Seeds of Wisdom Team

Newshounds News™ Exclusive

Sources

• Reuters — U.S. Treasury's Bessent faces G20 diplomacy test amid tariffs, Iran war and bond turmoil

• Reuters — U.S.-hosted G20 finance meeting to target growth, imbalances and Iran sanctions

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🌱 A Message to Our Currency Holders🌱

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

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

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

That is not your failure.

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

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

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

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

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

You deserve truth — not timelines.

Seeds of Wisdom Team
Newshounds News

~~~~~~~~~~

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