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Iraq Economic News and Points To Ponder Tuesday Morning 9-21-26

Government Spokesman: Iraq Is Keen To Develop Its Partnership With Washington

Money and business    Economy News – Baghdad   Government spokesman Haider al-Aboudi said on Tuesday that Prime Minister Ali al-Zaidi will present Iraq's vision on the security of the region and its economy to the United Nations, pointing to the keenness of Iraq and the United States to develop the partnership between the two countries and raise it to a distinctive strategic level.

Government Spokesman: Iraq Is Keen To Develop Its Partnership With Washington

Money and business    Economy News – Baghdad   Government spokesman Haider al-Aboudi said on Tuesday that Prime Minister Ali al-Zaidi will present Iraq's vision on the security of the region and its economy to the United Nations, pointing to the keenness of Iraq and the United States to develop the partnership between the two countries and raise it to a distinctive strategic level.

Al-Aboudi said in a press statement that "the delegation of the Republic of Iraq headed by Prime Minister Ali Faleh Al-Zaidi arrived in New York, and began the work of his visit in preparation for participation in the opening and work of the eighty-first session of the United Nations General Assembly."

He added that "the delegation began its work by meeting with the US Secretary of State, where the two sides discussed the level of joint cooperation between the two countries and ways to develop the partnership," noting that "the US Secretary of State stressed Washington's keenness to sustain the relationship with Baghdad and raise it to a distinctive strategic level."

He pointed out that "the Prime Minister stressed the importance of bridging this relationship through economic and investment partnerships, and attracting American companies to develop the oil industry, in addition to the implementation of a number of important projects."

Al-Aboudi pointed out that "the talks also dealt with the developments of the region and its repercussions and the impact of events on their economies," stressing that "Iraq is keen to find sustainable diplomatic solutions that contribute to securing the supply of energy and crude oil supply chains to global markets."

He explained that "Iraq is one of the most important countries feeding the world market with crude oil, and that the government aspires, according to its vision and program, to raise Iraq's daily production of crude oil to 10 million barrels by 2030."

He added that "the schedule of the visit also included the reception of the Lebanese Prime Minister at the residence of the Prime Minister, as well as the meeting of the Secretary-General of the League of Arab States," noting that "the Iraqi delegation headed by the Prime Minister will go tomorrow to the headquarters of the General Assembly of the United Nations to participate in the launch of the work of the eighty-first session, as well as meetings with the Secretary-General of the United Nations and a number of heads of government and leaders of state and international officials."

He stressed that "Iraq will participate in the work of the General Assembly with its vision and mission to the world, especially with regard to the developments of the region and its security and economic conditions."

Al-Aboudi explained that "the visit also comes within the framework of completing what was achieved during the visit of the Prime Minister to Washington in mid-July, which witnessed the establishment of a new identity for the relationship between the two countries, especially with the approach of Iraq to the date of September 30, set for the end of the presence of the international coalition forces."

"Iraq is moving to the relationship with the United States from the security side to sustainable economic relations," he said.

https://www.economy-news.net/content.php?id=74204

Parliamentary economy discusses the amendment of the Industrial Cities Law

Money and business    Economy News – Baghdad   The Parliamentary Committee on Economy, Industry and Trade discussed on Tuesday the draft law to amend the Industrial Cities Law, in preparation for the completion of its final version and put it to a vote in the coming period.

A statement by the Information Department of the House of Representatives said that the committee held a meeting under the chairmanship of the President of the age, MP Omar Mohammed Mohammed Karim, in the presence of its members, in addition to the representative of the Union of Industrialists, the President of the Industrial Cities and Free Zones Authority and a number of legal representatives and the beneficiary sectoral bodies.

The statement added that the meeting witnessed hearing the views and suggestions of the members of the committee and representatives of the concerned authorities on the amendment articles, thus contributing to reaching a final legal formula that takes into account the requirements of the industrial sector and the development of the environment of industrial cities.

He pointed out that the committee is working to complete the discussion of observations and proposals in preparation for the submission of the draft law in its final form and vote on it in the coming period.

https://www.economy-news.net/content.php?id=74217

Parliamentary investment discusses the repercussions of the withdrawal of Hanwa from the Basmaya project and demands the protection of the rights of citizens

Money and business    Economy News – Baghdad   The Parliamentary Investment and Development Committee discussed on Tuesday the repercussions of the announcement of the Korean company Hanwa withdrawal from the Basmaya residential project and the completion of its work, amid demands to develop urgent solutions to ensure the continuation of the project and protect the rights of citizens.

The committee stated that it hosted, under the chairmanship of the President of the age, MP Nahida Al-Daini, and in the presence of the majority of its members, representatives of the National Investment Commission and the relevant authorities, along with representatives of the Korean Hanwa Company implementing the project.

The meeting discussed the reasons for the decision to withdraw and its repercussions, especially with regard to financial dues and contractual obligations between the parties, and the mechanisms of continued work in the city of Basmaya, as well as the fate of the remaining housing units, services and infrastructure associated with the project.

The participants also discussed the repercussions of the possible withdrawal on the contracted citizens and the residents of the city, and the need to ensure the continuation of basic services and that the rights of citizens are not affected by financial or contractual differences between the concerned authorities and the executing company.

The committee stressed that the Basmaya project represents an important residential and national file, and that the concerned authorities must reach urgent and deliberate solutions that preserve the rights of the state, the citizen and the company, and prevent the suspension of the project or disruption of services.

She stressed the need to provide clear answers on the reasons for the contractual relationship reaching this stage, the size of mutual obligations and entitlements, and the government steps taken to address the crisis, as well as the determination of the legal and administrative responsibilities of each party.

At the end of the hosting, the committee confirmed its continuation in following up the file of the city of Basmaya and exercising its supervisory role, in order to address the problems, ensure the completion of the project and protect the rights of citizens https://www.economy-news.net/content.php?id=74216

Oura: From A Small Project In Finland To A $15.6 Billion Offering

Money and business   Economy News - Follow-up   Oura began the promotional round of its U.S. IPO, targeting a fully diluted valuation of $15.62 billion, a move that represents an important test for investor appetite for consumer technology companies after a faint start to the IPO season in the fall.

The move came at a time when financial markets have been cautious in recent weeks, due to the uncertainty surrounding the artificial intelligence boom, rising bond yields, and changing expectations of U.S. interest rates.

The company, along with a number of its existing shareholders, has sought to raise up to $2.2 billion by selling 50 million shares within a price range of $40 to $44 per share.

Samuel Kerr, head of global equity capital markets, said Aura’s offering was the “first real test” of U.S. investor appetite after a slowdown in IPO activity in September and recent market volatility, adding that the success of the offering could encourage other companies to proceed with their listings, while poor performance could raise concerns about investor sentiment.

U.S. pharmaceutical company Eli Lilly has expressed interest in buying up to $100 million worth of shares in the offering, while investment firm Dragoneer has expressed a desire to buy shares worth up to $300 million.

Bet on the market for wearable health devices

Smart rings have benefited from growing demand for personal health monitoring tools, as they represent a smaller alternative to smartwatches and fitness trackers, while providing continuous monitoring of health indicators and longer battery life.

Oura contributed to the deployment of this category of devices through its smart ring, which is able to track indicators including heart health, physical activity and sleep patterns.

The offering documents revealed that the company sold 3.6 million rings during the 12 months ending June 30, while its revenues during the nine months ending on the same date jumped by 74% year-on-year to $1.21 billion.

The company expects to end its fiscal year 2026 by 5.7 million paid members, representing a growth of 96% compared to the previous year.

Cat Liu, vice president of IPOX, said: “One of the most important elements of Aura’s power is the ease of use of its products and modern design, bringing it closer to the daily lifestyle compared to some wearable devices that mainly target professional athletes.

She added that the targeted assessment reflects investors’ bet on the company’s continued strong growth and increased contribution of higher-profit recurrent revenues.

Finland to Wall Street

Oura was founded in Finland more than a decade ago and has been valued at about $11 billion during a special funding round last year.

Goldman Sachs, Morgan Stanley and JPMorgan took over the offering, while the company is expected to set the final price of the IPO and start trading its shares on the Nasdaq next week under the symbol OURA

https://www.economy-news.net/content.php?id=74206

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EU STABLECOIN RESET WATCH: ECB CHALLENGES BANK-DEPOSIT RULE AS EUROPE REWORKS DIGITAL MONEY SAFEGUARDS

Europe is reconsidering how stablecoin reserves should be structured as the ECB seeks to balance digital-payment innovation, banking stability and control over the future of money.

Good Morning Dinar Recaps,

EU STABLECOIN RESET WATCH: ECB CHALLENGES BANK-DEPOSIT RULE AS EUROPE REWORKS DIGITAL MONEY SAFEGUARDS

Europe is reconsidering how stablecoin reserves should be structured as the ECB seeks to balance digital-payment innovation, banking stability and control over the future of money.

 OVERVIEW

  • The European Central Bank and the EU’s national central banks are challenging a key stablecoin requirement under Europe’s Markets in Crypto-Assets Regulation, or MiCA, arguing that forcing major stablecoin issuers to keep 60% of reserves as bank deposits could create new risks for commercial banks.

  • Instead, European central banks are recommending that stablecoin reserves include a minimum percentage of assets that mature within one to five working days, shifting the focus from simply where reserves are held to how quickly they can be converted into liquidity.

  • The debate goes beyond cryptocurrency regulation. It raises a much larger question about what forms of digital money, bank deposits, government securities and central bank money will support Europe’s financial system as tokenized finance expands.

KEY DEVELOPMENTS

1. ECB challenges the 60% bank-deposit requirement

Under the current MiCA framework, significant stablecoin issuers can be required to hold 60% of their reserve assets as bank deposits. The ECB and the other national central banks of the European System of Central Banks now argue that this structure could expose commercial banks to changes in the stablecoin market and create less-stable sources of bank funding.

The central banks are therefore recommending a different approach: rather than requiring such a large share of reserves to remain specifically in bank deposits, MiCA could require a minimum percentage of reserves to be held in assets maturing within one to five working days.

That is an important distinction.

The issue is not whether stablecoins should have liquid reserves. It is what form those reserves should take and where the resulting financial risks should reside.

2. Stablecoins are becoming part of the broader financial infrastructure

Stablecoins are privately issued digital tokens designed to maintain a stable value relative to a fiat currency. Their potential uses include payments, settlement and cross-border transactions.

The ECB has warned that as stablecoins grow, they could affect financial stability, monetary-policy transmission and the international monetary order. ECB Executive Board member Isabel Schnabel has noted that stablecoins can shift activity away from traditional bank deposits and potentially change how banks obtain funding.

The ECB also points out that stablecoins can influence government bond markets because issuers may hold short-term government securities as reserve assets.

That means the stablecoin question is no longer confined to the cryptocurrency sector.

It reaches into banks, government debt, liquidity markets, payments and monetary policy.

3. Europe is confronting the question of what backs digital money

The reserve debate comes at a particularly significant moment for Europe.

Only one day earlier, the ECB launched Pontes, a new Eurosystem service designed to allow wholesale tokenized assets to settle in central bank money. That development creates a new connection between blockchain-based financial markets and the traditional central-bank monetary system.

The stablecoin debate addresses a related but different question: What should privately issued digital money be backed by, and how should that backing interact with the banking system?

Together, these developments show Europe working on multiple pieces of the digital-finance infrastructure at the same time.

4. The banking system could be affected by where stablecoin reserves ultimately reside

If stablecoins become widely used for payments and settlement, their reserve structures could influence commercial-bank deposits and funding.

The ECB has previously explained that moving money from traditional bank deposits into stablecoins could contribute to bank disintermediation. At the same time, stablecoin reserves invested in government securities could increase demand for short-term sovereign debt.

The result is that the choice of reserve assets can influence several markets simultaneously.

Stablecoins → Bank Deposits → Government Securities → Liquidity → Credit → Monetary Policy

That interconnectedness helps explain why European central banks are examining the rules before stablecoins become substantially larger within the financial system.

5. Enforcement is becoming another part of the challenge

The European System of Central Banks also warned that regulators face “material challenges” enforcing the bloc’s crypto regulations because non-compliant crypto companies can continue serving EU customers.

That introduces another layer to the transition.

Rules governing digital money are only effective if issuers and service providers operating in the European market can actually be brought under those rules.

For Europe, the challenge is therefore not simply designing the framework. It is also making the framework function across a rapidly changing digital marketplace.

WHY IT MATTERS

The stablecoin debate shows that the emerging financial system is being built through rules, reserve structures, settlement systems and payment infrastructure as much as through new currencies.

The ECB is not announcing a currency revaluation or a replacement for the euro.

Instead, European policymakers are determining how privately issued digital money should interact with commercial banks and the central bank.

That is foundational work.

The important question is increasingly not simply “What will digital money look like?”

It is “What financial infrastructure will support it?”

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders watching the Global Reset, this development is important because currencies do not operate independently of the financial systems surrounding them.

A currency's future international role can be influenced by:

  • How easily it can be transferred across borders

  • What payment systems support it

  • Whether digital versions of the currency gain adoption

  • Whether financial assets can be tokenized and settled efficiently

  • How central bank money connects to digital markets

  • How much confidence investors have in the institutions backing the system

Europe is now working on several of these pieces simultaneously.

That does not mean a revaluation of the euro or any other currency is imminent. It means the infrastructure surrounding money is changing—and infrastructure is what ultimately determines how financial systems function.

Hope, not hype. Follow the evidence.

IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1: Technology

Stablecoins and tokenized assets are moving financial activity onto blockchain and distributed-ledger infrastructure.

  • Pillar 2: Payments

Stablecoins are designed to make digital payments and cross-border settlement faster and more programmable, potentially changing how money moves internationally.

  • Pillar 3: Assets

The assets backing stablecoins matter because reserve structures can connect digital money to bank deposits, government securities and other financial markets.

  • Pillar 4: Currencies

If digital forms of major currencies become more widely used in payments and settlement, the technology supporting those currencies could influence their future international reach.

  • Pillar 5: Monetary Sovereignty

The ECB's concern reflects a broader issue: central banks want digital financial innovation to develop without losing control over monetary policy, financial stability and the role of central bank money.

THE GLOBAL RESET CONNECTION

The sequence is becoming increasingly clear:

Stablecoins → Bank Deposits → Reserve Assets → Government Securities → Payments → Central Bank Money → Digital Finance → Global Financial Infrastructure

This is why stablecoin regulation belongs in the larger Global Reset discussion.

The story is not about a sudden overnight change in currency values.

It is about the gradual redesign of the systems through which money is issued, backed, transferred, settled and ultimately trusted.

RUMOR SAFETY REMINDER

This development is not an announcement of a global currency reset, a euro revaluation, or a specific date for changes in foreign-currency values.

It is a documented regulatory debate over how stablecoin reserves should be structured and how digital money should interact with Europe's banking and monetary system.

The evidence points to financial infrastructure changing first—not a guaranteed currency event.

THE BOTTOM LINE

Europe is deciding how stablecoins should connect digital finance with banks, government securities and central bank money, making reserve design an increasingly important part of the future monetary system.

The bigger story is not simply the rise of stablecoins—it is that the architecture underneath money is being rebuilt, one digital rail, reserve rule and settlement system at a time.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

  1. Reuters — "ECB, EU central banks oppose stablecoin bank deposit rule"

  2. European Central Bank — "From money market funds to stablecoins: lessons for central banks"

~~~~~~~~~~

🌱 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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Tuesday Iraq News Posted by Tishwash at TNT 9-22-2026

TNT:

Tishwash:  The parliamentary finance committee is finalizing the closing accounts in preparation for approving the 2027 budget.

 The Parliamentary Finance Committee announced on Monday (September 21, 2026) the completion of procedures for discussing the final accounts of previous fiscal years, in preparation for approving them before voting on the Federal General Budget Law for 2027.

The Media Department of the House of Representatives stated in a statement received by "Baghdad Today" that the Finance Committee, headed by MP Uday Awad and with the attendance of its members, held a meeting today, September 21, 2026, to discuss the final accounts report for previous fiscal years.

TNT:

Tishwash:  The parliamentary finance committee is finalizing the closing accounts in preparation for approving the 2027 budget.

 The Parliamentary Finance Committee announced on Monday (September 21, 2026) the completion of procedures for discussing the final accounts of previous fiscal years, in preparation for approving them before voting on the Federal General Budget Law for 2027.

The Media Department of the House of Representatives stated in a statement received by "Baghdad Today" that the Finance Committee, headed by MP Uday Awad and with the attendance of its members, held a meeting today, September 21, 2026, to discuss the final accounts report for previous fiscal years.

She added that the committee has completed the procedures related to the final accounts, in preparation for their approval, which will contribute to fulfilling the legislative and financial requirements necessary for approving the federal general budget for 2027.

The committee stressed the importance of completing the study of the final accounts and reviewing the related financial data, which will enhance the accuracy of the procedures and pave the way for the approval of the general budget for next year.  link

**

US Treasury Secretary: In two days, all Iranian airlines worldwide will cease operations.

US Treasury Secretary Scott Bisent announced on Monday that Iranian airlines would cease operations worldwide in two days.

 The minister said in press statements: We discussed the issue of Iran with China, and they are very involved.

 He added: I cannot say how long the conflict will last.

Yesterday, an Iraqi security source reported that the Iranian side informed the Iraqi authorities of the possibility of not receiving flights coming from all countries, starting next Tuesday, with the possibility of extending the decision for several days.

 The source explained to Shafaq News Agency that this report has not yet been accompanied by any official notification to the Iraqi aviation authorities regarding the suspension of flights.   link

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

Tishwash: Al-Zaidi will inform Trump of a plan to disarm the factions that extends until the middle of next year.

An Iraqi official revealed on Monday (September 21, 2026) a government plan to disarm the factions that extends until the middle of next year.

Al Jazeera quoted the official’s statements, which were followed by Network 964 , that “the Iraqi government has a plan to disarm the factions that extends until the middle of next year.”

He added: “It is likely that Iraqi Prime Minister Ali al-Zaidi will inform US President Donald Trump of this plan during their meeting in New York.”  link

 **********

Al-Zaidi's nights in New York began... the government plane arrived

Prime Minister Ali al-Zaidi arrived in New York City on Monday (September 21, 2026) to participate in the 81st session of the United Nations General Assembly.

A brief statement from the media office, a copy of which was received by Network 964 , stated :

Prime Minister Ali Faleh al-Zaidi arrives in New York to participate in the 81st session of the United Nations General Assembly.

Tishwash:  Rubio meets Iraq’s PM as remaining US troops prepare exit

The meeting in New York comes less than two weeks before remaining US troops are set to leave Iraq.

NEW YORK — Days before the last US troops are due to withdraw from Iraq, US Secretary of State Marco Rubio on Monday met with the country’s prime minister as Baghdad faces mounting pressure from Washington to rein in Iran-backed militias.

Rubio’s meeting with Iraqi businessman-turned-politician Ali al-Zaidi on the sidelines of the UN General Assembly in New York comes ahead of the scheduled Sept. 30 departure of the hundreds of remaining US troops stationed in Iraq to help counter the Islamic State. 

The American withdrawal coincides with an Iraqi government deadline for armed groups to hand over their weapons to the state-run Popular Mobilization Forces, an umbrella network of Shiite militias formed to fight ISIS and formally incorporated into Iraq’s security forces a decade ago. 

In an interview with the New York Times published Monday, Zaidi outlined a new, extended deadline for the militias to disarm. Beginning on Sept. 30, Iraq's armed groups would be required to observe a 90-day halt in attacks. They would then begin handing over their weapons, with the process ending by June 30, 2027, Zaidi said. 

US special presidential envoy for Iraq, Tom Barrack, told Al-Monitor as he was leaving the Rubio-Zaidi meeting that there is agreement that by the end of June “only the state is the keeper of the military force.” 

The Iraqi government’s call to disarm, however, has been met with fierce resistance by the militias, even as the departure of US troops removes the justification many have used to retain their weapons.  

Several of the most powerful factions, including Kata’ib Hizbollah, refuse to voluntarily surrender their weapons. Others have said they are prepared to do so but appear to be waiting for political concessions in return, said Victoria Taylor, director of the Iraq Initiative and Syria Project at the Atlantic Council.

Taylor pointed to Asaib Ahl al-Haq as an example, saying the group is waiting to see whether the United States will accept the appointment of Laith al-Khazali — the brother of its secretary-general, Qais al-Khazali — as a deputy prime minister in Iraq’s government.

“Ultimately, these groups want to see a political pathway that would allow them to be removed from designation lists and become full participants in Iraq’s political process,” Taylor said.

The disarmament push comes as the war between Iran and the United States continues into its seventh month, with Tehran maintaining a chokehold over the Strait of Hormuz and Yemen’s Houthis escalating their fight against Saudi Arabia.  

Since the war began on Feb. 28, Iran-backed groups have carried out hundreds of attacks targeting US-linked sites in Iraq, including its embassy in Baghdad. They also struck outside of Iraq’s borders, including a September drone attack on Saudi Arabia’s East-West pipeline that the Iraqi government confirmed was launched from its territory. 

The International Crisis Group's senior analyst for Iraq, Lahib Higel, said a genuine disarmament process involving these groups would likely take years. 

“A fundamental condition for that to work will be that these groups that are ideologically and operationally aligned with Iran will not be at war with the US while that's supposed to happen,” Higel said. 

Washington and Tehran have vied for influence in Iraq since the US-led invasion toppled longtime dictator Saddam Hussein in 2003. Days after meeting US President Donald Trump in Washington for his first foreign trip as prime minister, Zaidi met Iranian President Masoud Pezeshkian in Tehran. 

Zaidi, who took office in May, emerged as a compromise candidate acceptable to both Washington and Tehran after the Iran-aligned Coordination Framework initially tapped Prime Minister Nouri al-Maliki to succeed outgoing premier Mohammed Shia al-Sudani. The coalition didn’t advance his nomination after Trump threatened to cut US aid in January, concerned that a pro-Iran government would take root should Maliki stage a political comeback.  

Zaidi was previously chairman of the board at Al-Janoob Islamic Bank, one of several financial institutions that Iraq’s central bank barred in 2024 from making US dollar transactions as part of an effort to crack down on money laundering and illicit use of American currency.  l

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FRANK26….9-21-26….LOOK CITIZENS…UNDERSTAND?

KTFA

Monday Night Video

FRANK26….9-21-26….LOOK CITIZENS…UNDERSTAND?

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#

KTFA

Monday Night Video

FRANK26….9-21-26….LOOK CITIZENS…UNDERSTAND?

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=d-iwub7OAeA

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Iraq Economic News and Points To Ponder Monday Evening 9-21-26

Oil Plunges Below $102 On De-Escalation Hopes

2026-09-21 Shafaq News   Oil prices slid to their lowest in more than a week on Monday on hopes diplomacy in the Iran war will get a chance this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen's Houthis. Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%, after settling 0.91% lower on Friday.

Oil Plunges Below $102 On De-Escalation Hopes

2026-09-21 Shafaq News   Oil prices slid to their lowest in more than a week on Monday on hopes diplomacy in the Iran war will get a chance this week amid a UN meet and as investors eyed a partial recovery in shipments from Saudi Arabia despite ongoing attacks by Yemen's Houthis. Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%, after settling 0.91% lower on Friday.

US West Texas Intermediate crude lost $2.15, or 2.14%, to $98.15 a barrel following a 1.58% drop in the previous session.

"It seems that a degree of risk premium is being removed from ⁠oil prices on hopes that a diplomatic path to de-escalate the US-Iran war may arrive this week," Tim Waterer, chief market analyst at KCM Trade, said.

"Whether that hope proves to be warranted or not is another question. Time will tell."

The WTI broke a key psychological support at $100 a barrel while some investors may have rolled over their positions in the October contract a day ahead of expiry to November, a Singapore-based broker said.

Iran and the US exchanged new threats on Sunday amid the stalemate, although President Donald Trump said he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to be in New York this week for the United Nations General Assembly.

Iran has conveyed its conditions to mediators for re-engaging in negotiations aimed at ending the war with the US, Al Jazeera cited Iran's security chief, Mohsen Rezaei, as saying in an interview ⁠on Saturday.

However, tensions in the Middle East remained elevated as Yemen's Iran-backed Houthis said they attacked "sensitive" sites in the Saudi capital of Riyadh on Saturday with missiles and drones, as well as an Aramco facility in the Red Sea city of Yanbu, a key oil export hub.

China has asked Iran to help rein in the Houthis after an appeal to Beijing by Saudi Arabia following the attacks, according to three Iranian sources familiar with the matter.

The attacks by ⁠the Houthis on Saudi Aramco's East-West pipeline have prompted the state energy firm to increase exports through the Strait of Hormuz this month and next after halting some shipments via Yanbu.

That enabled exports from the OPEC kingpin to recover to over 4 million barrels per day (bpd) so far in September after slumping to 2.4 million bpd ⁠in August, the lowest since at least 2013, according to provisional data from analytics firm Kpler.

"Middle East oil flows remain surprisingly strong despite the disruption to Saudi Arabia's East-West pipeline," JPMorgan analysts said in a September 18 note, adding that the total oil flows averaged 17.1 million ⁠bpd in the past 10 days, just 6.1 million bpd below the 2025 average.

"The most notable pivot has come from Saudi Arabia," the analysts said, as satellite data indicated Saudi oil moving through the Strait of Hormuz averaged 2.9 million bpd over the past six days, up from just 700,000 bpd in August.   (Reuters)

https://www.shafaq.com/en/Economy/Oil-plunges-below-102-on-de-escalation-hopes

Iraq Bank Deposits Fall 3.7% In July

2026-09-21    Shafaq News- Baghdad   Total deposits at Iraqi banks fell 3.7% in July to 100.982 trillion dinars ($77.2B), down 3.897 trillion dinars ($2.98B) from 104.879 trillion ($80.2B) at the end of June, according to Central Bank of Iraq (CBI) indicators.

At the end of July, central government deposits stood at 30.531 trillion dinars ($23.3B), while public institution deposits totaled 22.769 trillion ($17.4B) and private-sector deposits reached 47.682 trillion ($36.46B).

Cash credit also declined slightly to 71.432 trillion dinars ($54.56B) at the end of July from 71.504 trillion dinars ($54.62B) at the end of June, a decrease of 72 billion dinars ($55M).

Of the July total, 22.045 trillion dinars ($16.84B) in credit went to the federal government, 2.379 trillion dinars ($1.82B) to public institutions, and 47.008 trillion dinars ($35.91B) to the private sector.    https://www.shafaq.com/en/Economy/Iraq-bank-deposits-fall-3-7-in-July

Dollar Drops In Baghdad And Erbil

2026-09-21 Shafaq News- Baghdad/ Erbil   The US dollar closed Monday's trading lower in Iraq, hovering around 157,500 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 157,750 dinars per 100 dollars, down from the morning session's 157,900 dinars.

In the Iraqi capital, exchange shops sold the dollar at 158,250 dinars and bought it at 157,250 dinars, while in Erbil, selling prices stood at 157,450 dinars and buying prices at 157,400 dinars.

https://www.shafaq.com/en/Economy/Dollar-drops-in-Baghdad-and-Erbil-7

ISX Weekly Trading Tops $4.5M

2026-09-21 Shafaq News- Baghdad   The Iraq Stock Exchange (ISX) recorded trading worth more than 6 billion Iraqi dinars (about $4.58 million) last week, down 66% from the previous week.

According to market data, 30.010 billion shares were traded, a decline of 45.77% from the previous week, with total trading value reaching 6.093 billion dinars across 3,844 transactions.

The ISX60 index closed at 969 points, down 0.99% from the previous session.

Shares in 65 companies were traded during the week, while 29 companies recorded no activity because buy and sell orders did not match. Trading in nine other companies remained suspended because they had not submitted required disclosures.

Non-Iraqi investors purchased 4 million shares worth 11 million dinars in 20 transactions. They also sold 1 million shares worth 4 million dinars in four transactions.

The Iraq Stock Exchange holds five trading sessions a week, from Sunday to Thursday, and lists 103 Iraqi joint-stock companies operating across the banking, telecommunications, industrial, agricultural, insurance, financial investment, tourism, hotel, and services sectors. https://www.shafaq.com/en/Economy/ISX-weekly-trading-tops-4-5M

IMF, World Bank Revise Debt Risk Assessments

2026-09-21 Shafaq News- Washington   The International Monetary Fund (IMF) and World Bank are revising their debt assessment framework for low-income countries following its first review since 2017, with the updated system expected to take effect in the second half of 2027, the IMF said on Monday.

According to the IMF, debt risks have become more complex since the previous review, with debt levels rising in many low-income countries and governments increasingly borrowing from domestic and foreign sources on commercial terms.

The changes will sharpen the distinction between countries facing debt stress and those whose debt is considered unsustainable. They will also refine how debt-carrying capacity is measured and expand the thresholds and tools used to identify risks.

Greater attention will also be given to domestic debt and long-term pressures, including development needs and climate adaptation. The IMF said the changes should help governments assess how much fiscal space they have for investment while managing debt vulnerabilities.

Other measures include stronger stress tests and tools to assess the accuracy of economic forecasts. The framework will encourage countries to improve the coverage, transparency and reliability of public debt data.

IMF Executive Directors broadly supported the changes but called for clear guidance, communication and training before implementation. Most directors also backed temporarily withholding the probability thresholds and country-specific mechanical signals generated by a new model for assessing unsustainable public debt while the IMF gains experience with the methodology.

The review kept the harmonized discount rate used under the LIC-DSF and the IMF's Debt Limits Policy unchanged at 5%.

Introduced in 2005, the framework guides IMF and World Bank assessments of debt risks in low-income countries and informs lending, fiscal policy and public debt management. It underwent previous reviews in 2006, 2009, 2012 and 2017.

https://www.shafaq.com/en/Economy/IMF-World-Bank-revise-debt-risk-assessments

Iraqi Parliament Urges Review Of Fuel Price Hike

2026-09-21 Shafaq News- Baghdad   Iraq's parliament voted on Monday on a set of recommendations to address the country's fuel crisis, including a review of recent increases in oil derivative prices, alongside votes on three other laws.

Lawmakers called for reconsidering Council of Ministers Decision No. 429 of 2026, which raised prices on oil derivatives, and for studying its economic and social impact, given its direct and indirect effects on transportation, production, and service costs.

They also urged the government to draft an urgent plan to prevent supply bottlenecks and recurring fuel shortages, ensure steady distribution across provinces, and submit a detailed report to parliament covering production, imports, consumption, costs, strategic reserves, and quantities supplied to each province.

They further called for a clear timeline to achieve sustainable self-sufficiency in oil derivatives and reduce reliance on imports, along with tighter oversight of the fuel distribution system, from storage facilities to filling stations, and legal accountability for manipulation or smuggling.

Under the measures, the parliamentary Oil and Gas Committee will oversee implementation and submit periodic reports to the parliament speaker on steps taken and completion rates. Lawmakers also called for a review of senior appointments within the Oil Ministry based on specialization, and for resuming supplies of subsidized oil derivatives to farmers.

The package additionally addressed fuel shortages in the Kurdistan Region of Iraq (KRI), calling for a review of white oil quantities supplied to the region and the urgent allocation of additional amounts with the onset of winter. Lawmakers also called for discussing the economic model for crude oil sales with the Oil, Gas, and Natural Resources Committee, and directed the Oil Ministry to review hydrogenation contracts and remove underperforming companies from them.   https://www.shafaq.com/en/Iraq/Iraqi-parliament-urges-review-of-fuel-price-hike

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What A Fed Rate Hike Could Mean For Gold And Silver Prices

What A Fed Rate Hike Could Mean For Gold And Silver Prices

MoneyWatch: Managing Your Money

By Angelica Leicht  September 14, 2026 / 1:07 PM EDT / CBS News

Gold and silver investors have had to contend with some sharp price moves so far in 2026. Gold, for example, surpassed $5,500 per ounce early this year, but has since retreated significantly from that record high, with the price of gold sitting closer to $4,275 per ounce as of mid-September.

Silver, on the other hand, has also experienced sizable price swings as investors have responded to shifting expectations for inflation, interest rates and the economy.

What A Fed Rate Hike Could Mean For Gold And Silver Prices

MoneyWatch: Managing Your Money

By Angelica Leicht  September 14, 2026 / 1:07 PM EDT / CBS News

Gold and silver investors have had to contend with some sharp price moves so far in 2026. Gold, for example, surpassed $5,500 per ounce early this year, but has since retreated significantly from that record high, with the price of gold sitting closer to $4,275 per ounce as of mid-September.

Silver, on the other hand, has also experienced sizable price swings as investors have responded to shifting expectations for inflation, interest rates and the economy.

And those price movements could become even more pronounced in the days ahead. The Federal Reserve meets September 15 and 16, and persistent inflation has increased the possibility of another rate hike.

That prospect matters for precious metals investors because changes in interest rates can quickly alter where investors put their money and how much they're willing to pay for assets such as gold and silver.

Still, the outcome isn't as simple as higher rates automatically leading to lower precious metals prices. Gold and silver are being pulled by several competing forces right now, and the Fed's decision is only one of them.

So, if the central bank does raise rates this week, what could it actually mean for gold and silver prices — both immediately and in the months that follow? That's what we'll examine below.

What a Fed rate hike could mean for gold and silver prices

If the Fed raises rates at its September meeting, gold and silver prices could face some short-term pressure, as higher interest rates tend to make other interest-bearing options, such as bonds and savings products, more attractive. Gold and silver assets don't pay interest, though, so some investors may be less willing to hold them when they can earn higher returns elsewhere.

A rate hike could also boost the U.S. dollar, which can create another challenge for precious metal prices. Gold and silver are priced in dollars, so when the dollar strengthens, the precious metals become more expensive for buyers using other currencies. That can reduce demand for gold and silver and put additional downward pressure on prices.

Still, a rate hike doesn't guarantee that gold and silver prices will fall. Investors often adjust their portfolios before the Fed actually makes a move, so some of the impact of the potential September rate hike could already be reflected in today's prices.

So, if the Fed raises rates as expected, the bigger price reaction may hinge on what policymakers say about whether more hikes are likely in the coming months.

Other factors could keep gold prices elevated — even if rates rise. For example, if inflation remains high or concerns about the economy or geopolitical conflicts increase, investors may continue buying gold as a way to diversify their portfolios and protect against uncertainty. Strong demand from central banks and other large buyers could provide additional support.

Silver could react somewhat differently. Like gold, it can be affected by interest rates, the dollar and investor demand. But silver is also used heavily in manufacturing and technologies such as solar panels and electronics.

That means its price is tied, in part, to the strength of the global economy and industrial demand. If higher rates slow economic activity, weaker industrial demand could put additional pressure on silver.

So, a Fed hike would likely be a headwind for both precious metals, but it wouldn't be the only factor determining where prices go next. The Fed's outlook for future rates, along with inflation, the dollar, economic conditions and demand for precious metals, could ultimately have a bigger impact than the upcoming rate decision alone.

What should gold and silver investors watch after the Fed meeting?

TO READ MORE:  https://www.cbsnews.com/news/what-fed-rate-hike-means-for-gold-silver-prices-september-2026/?intcid=CNI-00-10aaa3a

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Rob Cunningham: Why the New DLT Monetary System Could Soar Soon

Rob Cunningham: Why the New DLT Monetary System Could Soar Soon

9-21-2026

WHY THE NEW DLT (Distributed Ledger Technology)MONETARY SYSTEM COULD SOAR – SOON!

My KUWL Optics: We could be approaching the moment when years of preparation become visible adoption.

Consider the potential convergence:

• Regulatory clarity unlocks institutional commitment.

Rob Cunningham: Why the New DLT Monetary System Could Soar Soon

9-21-2026

WHY THE NEW DLT (Distributed Ledger Technology)MONETARY SYSTEM COULD SOAR – SOON!

My KUWL Optics: We could be approaching the moment when years of preparation become visible adoption.

Consider the potential convergence:

• Regulatory clarity unlocks institutional commitment.

• SEC + CFTC resolve gives innovators confidence to build.
• Accelerating ETF inflows bring fresh demand.
• DTCC tokenization connects established markets with new infrastructure.
• A potential $100 trillion stock-tokenization opportunity creates enormous incentive to modernize.
• Improving sentiment and market strength could amplify the momentum.

The economic attraction is straightforward:

Faster settlement. Less friction. More productive collateral. Verifiable ownership. Capital working around the clock.

When these catalysts converge, institutions gain compelling reasons to deploy – and markets gain compelling reasons to anticipate what comes next.

Clear rules → Capital commitment → Real deployment → Demonstrated utility → Expanding adoption.

The strongest upside belongs to infrastructure – and assets – whose actual use creates sustained demand.

Could that momentum outweigh an unfavorable Fed headline? In this scenario, absolutely.

Markets can reprice the opportunity well before adoption reaches maturity.

My bullish read: the distance between “interesting technology” and “essential financial infrastructure” could close faster than the majority expect.

No guarantees. No promises. No solicitation.

Just sharing my KUWL Optics – and why the road ahead looks exceptionally bright – to me.

Source(s):
https://x.com/KuwlShow/status/2101750482217959802

https://dinarchronicles.com/2026/09/21/rob-cunningham-why-the-new-dlt-monetary-system-could-soar-soon/

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MilitiaMan & Crew: Daily IQD News |Why the US Hasn't Mined Tungsten in a Decade

MilitiaMan & Crew: Daily IQD News |Why the US Hasn't Mined Tungsten in a Decade

9-20-2026

IQD news starts about minute 4:50 or so

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.

MilitiaMan & Crew: Daily IQD News |Why the US Hasn't Mined Tungsten in a Decade

9-20-2026

IQD news starts about minute 4:50 or so

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=2NCV8pD9xNo

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Seeds of Wisdom RV and Economics Updates Monday Afternoon 9-21-26

Good Afternoon Dinar Recaps,

YEN RESET WATCH: JAPAN'S CURRENCY DEFENSE MOVES INTO FOCUS AS BOJ RATE HIKE FAILS TO LIFT THE YEN

JAPAN'S YEN HAS WEAKENED DESPITE A BANK OF JAPAN RATE HIKE, PUTTING CURRENCY INTERVENTION, INTEREST-RATE DIFFERENTIALS AND GLOBAL CAPITAL FLOWS BACK IN THE SPOTLIGHT.

Good Afternoon Dinar Recaps,

YEN RESET WATCH: JAPAN'S CURRENCY DEFENSE MOVES INTO FOCUS AS BOJ RATE HIKE FAILS TO LIFT THE YEN

JAPAN'S YEN HAS WEAKENED DESPITE A BANK OF JAPAN RATE HIKE, PUTTING CURRENCY INTERVENTION, INTEREST-RATE DIFFERENTIALS AND GLOBAL CAPITAL FLOWS BACK IN THE SPOTLIGHT.

 OVERVIEW

  • The Bank of Japan raised its policy rate to 1.25% on September 18, the highest level in 31 years, but the yen weakened rather than strengthening after the decision.

  • Reports that Japanese officials conducted currency-market rate checks have increased attention on possible intervention, as the yen fell about 2% last week and remains under pressure.

  • The yen's weakness is part of a much larger global monetary shift, as the Federal Reserve, ECB and BOJ have all moved toward tighter policy, changing the interest-rate and capital-flow landscape.

KEY DEVELOPMENTS

1. BOJ raises rates, but the yen moves lower

The Bank of Japan raised its benchmark policy rate from 1.00% to 1.25%, its highest level in 31 years.

The increase was widely expected, however, and the yen did not receive the boost that might normally accompany a rate increase. Two BOJ policymakers opposed the decision, while the central bank's guidance did not provide a strong signal that additional increases would come quickly.

The yen subsequently weakened, illustrating an important feature of today's currency markets: a rate increase by itself does not guarantee a stronger currency. Investors also evaluate the pace of future increases, inflation, economic growth and the interest-rate gap with other major economies.

2. Reported rate checks put intervention back in focus

Following the BOJ decision, the Nikkei newspaper reported that Japanese officials had conducted rate checks in the foreign-exchange market.

A rate check involves authorities asking financial institutions for current currency quotes to assess market conditions. Traders often view the action as a possible preliminary step toward direct intervention, although a rate check does not mean intervention has occurred.

The development is significant because Japan has already demonstrated that it is willing to intervene when it believes excessive currency volatility threatens economic stability. Investors are therefore watching closely for any further official action.

 3. The yen is caught between competing global rate forces

Japan is not adjusting monetary policy in isolation. The Federal Reserve and European Central Bank have also raised interest rates this month, creating a broad shift in global monetary conditions.

That makes the yen's situation particularly important. Even with Japan raising rates, the relative difference between Japanese and overseas interest rates can continue to influence where investors place capital.

Currency markets therefore become a transmission mechanism between central-bank policy and global investment flows. When investors reassess the relative return available in different countries, money can move across borders, affecting currencies, government bonds and financial markets.

WHY IT MATTERS

The yen is one of the world's major currencies, and Japan is one of the largest holders and investors in global financial assets. Changes in Japanese monetary policy can therefore extend beyond Japan's borders.

  • A weaker yen can affect trade competitiveness, imported inflation, Japanese investment decisions and international capital flows. Meanwhile, changes in Japanese government-bond yields can influence the attractiveness of domestic versus overseas investments.

  • The current situation also demonstrates why currency markets cannot be viewed independently from interest rates. The value of a currency reflects a constantly changing combination of monetary policy, economic conditions, investor expectations and capital movements.

The bigger story is therefore not simply whether Japan intervenes. It is how central banks are increasingly managing currencies within a rapidly changing global interest-rate environment.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders, the yen provides an important example of why currency movements can be complicated.

Japan has raised interest rates, yet the yen weakened. That shows that a currency's direction is determined by more than one policy decision. Relative interest rates, market expectations, capital flows and government intervention can all influence the outcome.

For those holding foreign currencies while watching for a future change in value, the evidence is more useful than predictions. A currency can experience significant movement without that movement representing a formal revaluation.

The current yen story is therefore another reminder to watch the financial foundation—central-bank policy, bond markets, trade and capital flows—rather than relying on specific reset-date claims.

 IMPLICATIONS FOR THE GLOBAL RESET

  • Pillar 1 — Currencies

The yen's weakness despite a BOJ rate increase demonstrates how major currencies respond to differences in monetary policy and investor expectations. Possible intervention adds another layer to the currency equation.

  • Pillar 2 — Interest Rates

The BOJ, Federal Reserve and ECB have all moved toward tighter monetary conditions. Their different policy paths can alter global yield comparisons and influence international capital allocation.

  • Pillar 3 — Capital

Japan's monetary-policy changes matter beyond its borders because Japanese investors participate heavily in international financial markets. Changes in domestic yields can affect decisions about whether capital remains in Japan or moves overseas.

  • Pillar 4 — Bonds

Japanese government bonds are becoming more important as the BOJ moves away from decades of exceptionally low interest rates. Higher domestic yields can change the relative attractiveness of Japanese and foreign debt.

  • Pillar 5 — Global Financial Stability

Currency intervention demonstrates that governments and central banks remain active participants in global financial markets. Coordinated or unilateral currency actions can transmit changes through exchange rates, bond markets and international capital flows.

RUMOR SAFETY REMINDER

Japan's current intervention watch is not an announcement of a global currency revaluation or a specific Global Reset date.

A reported rate check is also not the same thing as confirmed currency intervention. What has been documented is a weaker yen, a BOJ rate increase and reports of official rate checks that have increased market attention to the possibility of further action.

HOPE, NOT HYPE. FOLLOW THE EVIDENCE.

THE BOTTOM LINE

Japan's yen has entered another period in which interest rates, currency policy and international capital flows are closely connected. The BOJ's move to a 1.25% policy rate shows that Japan's monetary system continues to evolve, while the yen's subsequent weakness demonstrates that higher rates do not operate in isolation.

For the broader financial system, Japan's experience is important because it shows how central-bank decisions in one major economy can interact with monetary policy in the United States and Europe, influencing currencies and capital movements around the world.

The global financial system is evolving not through one dramatic reset, but through the constant reshaping of the rates, currencies, bonds and capital flows that connect it together.

A currency's story is never just about the currency. Follow the interest rates, the bonds, the capital and the policy decisions behind the exchange rate—and the larger financial transformation becomes easier to see.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

  1. Reuters — "Yen weaker as focus on possible intervention increases"

  2. Associated Press — "Japan's central bank raises benchmark interest rate to 1.25%, the highest in 31 years"

~~~~~~~~~~

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Thank you Dinar Recaps

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Iraq Economic News and Points To Ponder Monday Afternoon 9-21-26

Parliamentary Warning Of A Severe Financial Crisis

Information/Baghdad... Ali Shaalan, a member of the State of Law Coalition, confirmed on Sunday that Iraq is suffering from a severe financial crisis at the moment, pointing to the need to pay attention to the economic challenges facing the country.

Al-Daraji told Al-Maalouma that “the economic reality clearly indicates the existence of a real financial crisis that requires objective and serious solutions by the concerned authorities to mitigate its effects.”

Parliamentary Warning Of A Severe Financial Crisis

Information/Baghdad... Ali Shaalan, a member of the State of Law Coalition, confirmed on Sunday that Iraq is suffering from a severe financial crisis at the moment, pointing to the need to pay attention to the economic challenges facing the country.

Al-Daraji told Al-Maalouma that “the economic reality clearly indicates the existence of a real financial crisis that requires objective and serious solutions by the concerned authorities to mitigate its effects.”

He added that "the current financial situation requires a thorough review of spending mechanisms and resource management to overcome this crisis and ensure the stability of the country's economic landscape." 

Iraq is facing a severe structural financial crisis, which is evident in the 2027 budget project scheduled to be submitted to the House of Representatives on October 15. Operational spending is draining 150 trillion dinars - 100 trillion of which go to salaries and wages - compared to allocating only 50 trillion dinars for investment spending.

The crisis is exacerbated by the adoption of a cautious hedging price for a barrel of oil ranging between $50 and $65, resulting in a projected budget deficit of 64 trillion dinars. To bridge this funding gap, the government is resorting to excessive domestic borrowing of 114 trillion dinars, which poses a real risk to the stability of the banking sector and the country's liquidity. End/25z

https://almaalomah-me.translate.goog/news/144796/economy/تحذير-نيابي-من-أزمة-مالية-خانقة-موازنة-2027-تكشف-عمق-الاختلا?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Iraq's WTO Accession and National Trade Strategy on Agenda

By John Lee. Iraq's Ministry of Trade has held an expanded meeting with the International Trade Centre (ITC) to discuss cooperation on WTO accession and the preparation of a national trade and investment strategy.

The Ministry was represented by Ghassan Al-Mohammadi, Under-Secretary for Economic Affairs, and Malik Khalaf Al-Durai'i, Director General of the Private Sector Development Directorate. Also present were Maher Hammad Jouhan, Under-Secretary of the Ministry of Planning for Technical Affairs, and Adel Dakhil Muhammad al-Yasiri, head of the National Investment Commission (NIC). ITC's Iraq director, Eric Bouchot, participated via Zoom.

According to the Ministry of Trade, the meeting covered the steps being taken to advance Iraq's accession to the World Trade Organization (WTO), as well as the mechanisms needed to develop the national trade and investment strategy.

Participants also discussed preparations for a National Iraqi Trade and Investment Forum to be held in Baghdad on 28-29 October 2026, which is intended to promote dialogue between the public and private sectors. The forum is expected to draw local, regional, and foreign investors, as well as representatives of the European Union (EU) mission.

https://www.iraq-businessnews.com/2026/09/20/iraqs-wto-accession-and-national-trade-strategy-on-agenda/

From 12 Times To Only Twice... The Iraqi Central Bank Moves To Close The Gateway For Smuggling Dollars By Travelers

Last updated: September 21, 2026   Independent/- Informed sources revealed to the Independent Press Agency a new trend within the Central Bank of Iraq to reorganize the mechanism for granting cash dollars to travelers, by reducing the number of times to benefit from the allocated quota at the official rate to only twice during the year for each citizen, instead of the possibility of obtaining it on a monthly basis.

According to the sources, this move comes as part of a comprehensive review of the “travelers’ dollar” file, after cases of manipulation and exploitation of the mechanism for obtaining foreign currency were detected, particularly through some exchange companies and outlets designated for delivering dollars at airports.

The sources explained that the Central Bank is working to reduce opportunities for repeated exploitation of the official quota, in an attempt to limit the smuggling of dollars and their resale in the parallel market and to take advantage of the price difference between the official rate and the trading rate outside banking channels.

Information indicates that the anticipated measures may include stricter controls to verify the citizen’s actual travel, and linking dollar acquisition processes to an electronic record that prevents repeated use outside the limits that will be determined by the bank.

Tightening Restrictions On Exchange Companies

The new approach comes in conjunction with regulatory measures taken by the Central Bank during the past period against a number of exchange companies, including the withdrawal and cancellation of licenses of companies that violated the applicable instructions.

According to the sources, investigations and oversight revealed irregularities in the mechanism for delivering dollars to travelers, in addition to suspicions related to the exploitation of some outlets designated for selling foreign currency for purposes that do not match the stated purpose of the travelers' window.

This does not mean that all exchange companies are involved in these violations, but the recent measures reflect a growing trend at the Central Bank towards restructuring this sector and tightening control over it.

From 12 Chances To Just Twice

If the new regulations are adopted, citizens will not be able to obtain their dollar quota at the official rate on a monthly basis as is currently the case, but the benefit will be limited to only twice during the year.

If approved, this shift would represent a major change in the policy of distributing cash dollars, as it would significantly reduce the number of annual uses and close the door to frequent travel operations that are primarily aimed at obtaining foreign currency and reselling it.

Reducing Smuggling And The Parallel Market

Banking sources believe that reducing the number of times the quota is granted may contribute to reducing some of the unreal demand for cash dollars, especially if it is accompanied by tightening airport procedures and linking travel data to the banking system.

The move, if implemented, could also reduce the ability of some intermediaries to accumulate large amounts of dollars by using multiple passports or arranging short, frequent trips to obtain the official quota.

Conversely, the potential impact of the decision on the parallel market will depend on the actual demand for dollars and the effectiveness of oversight of -ي/other channels through which cash leaks out of the banking system

https://mustaqila.com/%D9%85%D9%86-12-%D9%85%D8%B1%D8%A9-%D8%A5%D9%84%D9%89-%D9%85%D8%B1%D8%AA%D9%8A%D9%86-%D9%81%D9%82%D8%B7-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D9%8A/

Al-Kinani: Washington Has Set 10 Points For The Continued Transfer Of Iraqi Funds

Information/Special...   Economic and strategic expert Nasser al-Kinani revealed on Monday that the United States has set ten conditions for the continued transfer of Iraqi funds, including the surrender of weapons. He emphasized that these funds belong to Iraq and are not a US grant.

Speaking to the Information Agency, al-Kinani stated, “The United States has set ten conditions for the continued transfer of funds to Iraq, including the surrender of weapons and other matters, even though these funds are Iraqi and no entity has the right to withhold them from Iraq.”

He added, "Any funds Iraq needs must be requested by the Central Bank of Iraq from the US Federal Reserve for transfer, even though these are Iraqi revenues from oil sales and are not American funds charity or a grant."

He explained that "the solutions are simple; a request can be submitted to the United Nations to confirm that Iraq is not indebted and that controlling Iraqi funds constitutes an infringement on Iraqi sovereignty." He also noted that "the Iraqi negotiator was weak from the beginning and was unable to defend the rights of the Iraqi people."

Al-Kinani pointed out that "an agreement was reached in 2010 to end the transfer of Iraqi funds to the Federal Reserve, and it included three obstacles imposed by the United States, which previous and current Iraqi governments have been unable to overcome."

He added that "the argument that funds were going to entities claiming financial dues from Iraq has ended, especially after the payment of the last amount claimed by Kuwait, which was $1.65 billion." He considered that the absence of other entities claiming financial dues from Iraq eliminates the justifications for continuing to control Iraqi funds.

https://almaalomah-me.translate.goog/news/144818/economy/الكناني:-واشنطن-وضعت-10-نقاط-لاستمرار-تحويل-الأموال-العراقية?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc

Qi Card Confirms Limited Payment Disruptions

2026-09-20  Shafaq News- Baghdad  Qi Card, an Iraqi electronic payment company, acknowledged limited disruptions to its card services on Sunday, hours after a source reported problems affecting some Iraqi payment cards abroad.

The company described the disruptions as “limited fluctuations,” assuring customers that its cards remain operational inside and outside Iraq and that it was working to resolve the issue as soon as possible.

Qi Card also clarified that fees for using its cards abroad are calculated according to the exchange rate approved by the Central Bank of Iraq (CBI).

Earlier today, a source told Shafaq News that some Iraqi electronic payment cards had stopped working for purchases, online payments and cash withdrawals outside Iraq since Sept. 19. The source cited several possible factors, including higher transaction fees, tighter auditing and monitoring of electronic payments, and concerns over potential US economic sanctions that could affect external financial transactions.

https://www.shafaq.com/en/Economy/Qi-Card-confirms-limited-payment-disruptions

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Sometimes This Time Really Is Different

 Sometimes This Time Really Is Different

Notes From the Field By James Hickman (Simon Black / Sovereign Man) September 21, 2026

Some time in the middle of the second century AD, on the shores of the extremely picturesque Lake Iznik in modern-day Turkey at the site of the ancient city of Nicaea, a boy named Cassius Dio was born into a locally prominent family.  His father was a Roman politician, his mother was Greek, and young Cassius Dio grew up in a bilingual household speaking Greek and Latin at a time when the Roman Empire was at its absolute peak.

 Sometimes This Time Really Is Different

Notes From the Field By James Hickman (Simon Black / Sovereign Man) September 21, 2026

Some time in the middle of the second century AD, on the shores of the extremely picturesque Lake Iznik in modern-day Turkey at the site of the ancient city of Nicaea, a boy named Cassius Dio was born into a locally prominent family.  His father was a Roman politician, his mother was Greek, and young Cassius Dio grew up in a bilingual household speaking Greek and Latin at a time when the Roman Empire was at its absolute peak.

There was widespread peace and prosperity— so much so that the emperor at the time, Antoninus Pius, spent his entire 20+ year reign without ever coming within 500 miles of a Roman legion.

His was the most peaceful reign the empire ever had. The imperial government busied itself with foreign trade missions, including to Han China; and with perfecting the delivery of clean drinking water across the empire— a feat that wouldn't be repeated until 1804.

In short, the Romans had a 19th century standard of living as far back as the 2nd century AD, and this is the environment of wealth and abundance in which young Cassius Dio grew up.

But by the time he was an adult and had followed in his father's footsteps to become a politician, things had changed.

In the decades between his childhood and adulthood, Rome had taken a turn for the worse. The empire had seen multiple wars, plague, barbarian incursions, and assassinations of several emperors.

At one point the Praetorian Guard had even auctioned off the empire to the highest bidder.

But Cassius Dio knew his history, and he knew that Rome had seen tough times before. There had been the civil war between Julius Caesar and Pompey, the depravity of Caligula, and the insanity of Nero. Yet Rome always came back better and stronger than ever.

So Cassius Dio assumed at first that this time would be no different. Rome was in the midst of difficult times by the 190s and early 200s, but it would recover stronger than ever, just as it had in the past.

It was only later in life, after watching things go from bad to worse that he realized this time actually was different. Rome was not coming back.

And it was at this point that he wrote, rather bitterly in his histories of the empire, "Our history now descends from a kingdom of gold to one of iron and rust."

This is how we opened our Plan B conference this past weekend in Panama City, Panama— with a historical tale. We told the story of Cassius Dio and explained that, yes, dominant superpowers often go through tough times, and they often recover.

France under Louis XIV went through multiple peasant rebellions and a civil war, yet it recovered and maintained its status as a superpower.

The US went through World Wars and financial crises, and also maintained its status as the dominant superpower.

But sometimes superpowers reach a point where this time really is different. Nothing is certain, and recovery is still possible. But it makes perfect sense to prepare for challenging times ahead.

If the US dollar, for example, loses its status as the global reserve currency, there will absolutely be consequences, and the impact will be widely felt. Ditto for the rising US national debt.

The rest of our event focused ways to mitigate those consequences.

We had attendees and speakers from all over the world, which was quite refreshing. We even had the mayor of Panama City open the event, welcoming our guests at dinner on Thursday night, and come again to our farewell dinner on Saturday night.

It was really nice to see someone of influence in government who was bending over backwards to support anything and everything that our members needed.

My friend and partner Peter Schiff was also on stage with me, and he told the audience where he sees serious cracks in the bond market. This has major implications for the US dollar, the prospect for inflation, and the general future of the United States.

Peter and I both agree that not all is lost. I presented some very simple ideas for the US to get back on track, none of which are remotely controversial.

Bottom line, with the prospect of continued productivity growth from AI, robotics, small modular nuclear reactors, and cheap energy, combined with some modicum of fiscal responsibility, the US can still be OK.

But, at least at the moment, there does not seem to be any interest in Congress to rein in spending and stop the explosion of the national debt.

And this is why having a Plan B is so important. It would be completely foolish to believe that a $40 trillion national debt, the looming insolvency of Social Security, $2 trillion annual deficits, and an annual interest bill that mops up 25% of tax revenue will all be consequence-free.

That's why we presented so many options from around the world. We had speakers presenting about second citizenship programs, foreign residency, global real estate, tax planning, multiple options for gold storage, as well as some discussion about tokenization and crypto.

We even had bankers from a well-capitalized private bank opening accounts for people on the spot.

This is important stuff. A good Plan B is like an insurance policy— you don't wait until your house burns down, you get sensible coverage in advance to mitigate specific risks.

The whole point of a Plan B is to be in a position of strength regardless of what happens, or doesn't happen, next. It’s not complicated, but it takes some sensible and deliberate planning.

For more than 15 years we've been providing some of the best research in the world on these topics.

Every month it covers second citizenships, foreign residency, foreign banking, and legal tax strategies, with boots-on-the-ground reports from more than 120 countries and a Rolodex of vetted service providers for when you decide to take action.

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

 

https://www.schiffsovereign.com/trends/sometimes-this-time-really-is-different-155905/?inf_contact_key=d2d988006a29aea8c44d87562ce89899e6abc7ef250881a26a820a137a2e774a

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