Iraq Economic News and Points To Ponder Thursday Evening 10-8-26

CBI Tells Lawmakers New Dollar Rate Is Final

2026-10-08  Shafaq News- Baghdad   Central Bank of Iraq (CBI) governor Nizar Hussein has informed parliament's Finance Committee that the new official exchange rate of 1,500 dinars to the dollar is fixed and cannot be changed, a parliamentary source told Shafaq News on Thursday.  Hussein told committee members that changing the rate in the budget law would mean redrawing every table and line item in the draft, which was built on 1,500 dinars to the dollar, the source said.

Neither the governor nor Finance Minister Falih Sari came to parliament. Hussein instead sent the bank's position to the committee.

The committee had planned to meet both officials to discuss the decision and its consequences and to review the draft federal budget. The parliament's presidency had already canceled Thursday's full session, which was meant to host the two officials, and left the matter to the committee.

The central bank set the new rates on Wednesday, effective October 7. It now buys dollars from the Finance Ministry at 1,500 dinars, sells them to banks at 1,510 and to the public at 1,520.

Iraq's government earns almost all its revenue in dollars from oil exports and sells those dollars to the central bank for the dinars it needs to pay public salaries.

Read more: Iraqi dinar devaluation sparks backlash from blocs inside the cabinet

https://shafaq.com/en/Economy/CBI-tells-lawmakers-new-dollar-rate-is-final

Economist Urges One-Year Customs Cut After Dinar Devaluation

2026-10-08   Shafaq News- Baghdad   Iraq should cut customs duties to a flat 5% for one year to soften the impact of the dinar's devaluation on prices and keep trade and industry from stalling, Manar al-Obaidi, head of the Iraq Future Foundation for Economic Studies and Consultations, said on Thursday.

In a Facebook post addressed to the Cabinet and parliament, al-Obaidi called for an immediate decision to freeze the rates and schedules of the amended Customs Tariff Law No. 22 of 2010 for that period. He proposed temporarily returning to Coalition Provisional Authority Order No. 38 of 2003, which introduced a 5% Reconstruction Levy on most imported goods, with exemptions.

The Finance Ministry and the General Customs Authority should also issue one set of tables and instructions for all border crossings, so costs are applied consistently, he said. Under his proposal, the measure would last 12 months, with a review after six months of its effect on inflation, prices, imports, revenues and industry.

Raising the central bank's purchase rate for dollars from the Finance Ministry from about 1,300 to 1,500 dinars increased the dinar value of each dollar by about 15.4%, giving the state significant extra fiscal room, according to al-Obaidi.

Keeping high customs rates on top of the new exchange rate, he said, places a double burden on imports that passes through to food, medicine, factory inputs, machinery, spare parts and transport costs, and ultimately to consumers. “Do not subject citizens and the market to two shocks at once,” he wrote.

Targeted protection for Iraqi producers could instead come through the Iraqi Products Protection Law, applied when local goods face dumping, foreign subsidies or harmful import surges, he added.

The Cabinet raised the official end-user rate from 1,320 to 1,520 dinars per dollar on Tuesday, and the same decision suspended a new system requiring importers to pay customs duties in advance. Shops and warehouses in Baghdad's Al-Shorja and Jameela wholesale markets, along with several exchange and money-transfer firms, closed after the decision.

Read more: Why Iraq's dinar keeps sliding despite fresh US cash

https://shafaq.com/en/Economy/Economist-urges-one-year-customs-cut-after-dinar-devaluation

Dollar Rate Increase Pushes Food Prices Up 15%

2026-10-08  Shafaq News- Baghdad   Prices of several food staples rose by as much as 15% in Iraqi markets on Thursday, a day after the Central Bank of Iraq (CBI) raised the official US dollar exchange rate from 1,320 to 1,520 dinars, with some traders immediately increasing prices and others suspending sales.

A box of eggs containing 12 trays climbed 10.7%, from 84,000 to 93,000 dinars ($55.26 to $61.18), while Mahmood rice rose 10.8%, from 65,000 to 72,000 dinars ($42.76 to $47.37).

Sugar recorded the sharpest increase, gaining 15.4% from 26,000 to 30,000 dinars ($17.11 to $19.74), followed by Zer cooking oil, which went up 9.1%, from 55,000 to 60,000 dinars ($36.18 to $39.47).

Read more: Why Iraq's dinar keeps sliding despite fresh US cash

Food trader Abu Sajjad told Shafaq News that businesses had little choice but to adjust their prices to the higher dollar rate, although current selling prices remained below the cost of replenishing imported stock.

Apart from locally produced eggs, most affected products are imported, he explained, adding that some beverage companies had temporarily halted sales pending greater clarity on currency movements.

On Oct. 7, the CBI introduced a new exchange-rate structure, setting the dollar at 1,500 dinars for purchases from the Finance Ministry, 1,510 for sales to banks, and 1,520 for cash transactions with the public. The parallel-market rate remained higher, reaching 1,680 dinars per dollar after the adjustment.

Read more: Can Iraq’s economy weather a wider regional shock? Experts differ

1 US dollar = 1,520 dinar

https://shafaq.com/en/Economy/Dollar-rate-increase-pushes-food-prices-up-15

Iraq Targets Zero North Oil Flaring By 2027

2026-10-08 Shafaq News- Baghdad   Iraq plans to capture an additional 80 million standard cubic feet of associated gas per day from three northern oil fields by the end of 2026, aiming to eliminate gas flaring across North Oil Company’s operations by the end of 2027, Deputy Oil Minister for Gas Affairs Izzat Saber Ismail said on Thursday.

According to the Oil Ministry, the additional volumes will come from the Bai Hassan, North Jambur, and Khabbaz fields, supplementing existing recovery operations.

During a visit to North Oil Company and North Gas Company, Ismail reviewed project progress and operational challenges, calling for faster implementation to boost fuel supplies for power plants and increase liquefied petroleum gas (LPG) production.

The three fields also form part of British energy company BP’s broader redevelopment program in Kirkuk. Oil Ministry spokesperson Salim Al-Rikabi previously outlined an agreement covering Bai Hassan, Jambur, Khabbaz, and Kirkuk, along with the expansion of North Gas Company facilities and construction of a planned 400-megawatt power station. A key component involves recovering gas currently burned off during oil production for use in electricity generation.

Iraq has set 2029 as its nationwide target for ending routine gas flaring. The World Bank’s 2025 Global Gas Flaring Tracker estimated that the country burned approximately 17.37 billion cubic meters in 2024, placing it among the world’s largest gas-flaring nations.

Read more: Iraq's gas flaring paradox: a wealth of resources, a nation in need

https://shafaq.com/en/Economy/Iraq-targets-zero-North-Oil-flaring-by-2027

Should Paper Checks Be Abolished Like The Penny?

Should Paper Checks Be Abolished Like The Penny?

Good Partner  Tue, September 8, 2026 Jay L. Zagorsky

While Americans are writing fewer checks, they haven't abandoned this means of payment.

Germany is getting rid of paper checks at the end of 2027. Australia is bidding them farewell by 2030. U.S. President Donald Trump followed up his order killing off the penny with an executive order stopping check writing by the federal government.

Should the U.S. follow these other countries and broadly eliminate the ability to write checks?

Years ago, experts predicted that checks would have disappeared by now. However, they are still around, and billions are written each year in the United States.

Why? The quick answer is that businesses love them. And plenty of Americans still use checks for good reasons. But there is more to the story.

I am a business school professor and one of the few academics who advocates for the use of cash. While I have long told everyone about the benefits of paper money, I didn't give paper checks much thought or use them until my mother's recent death. Then I found myself writing checks to the cemetery, funeral home, gravestone engraver and a host of other places. Plus, I started getting refund checks back from her landlord and insurance companies.

These experiences made me look more deeply into this form of payment to understand what was happening.

Fewer checks for bigger bucks

Every three years the U.S. government runs the Federal Reserve Payments Study by asking banks and credit unions for internal information. This survey tracks everything from how often credit cards are used to the number of checks written.

While check usage has sharply declined in the U.S., a significant number – about 9.2 billion in 2024 – are still written, the data shows. The face value of those checks is probably bigger than you'd expect: more than US$24 trillion, not adjusted for inflation. That is almost as large as U.S. gross domestic product of $29 trillion that year.

Not everyone can imagine numbers in billions or trillions, so let's put those figures in more manageable terms.

A little over 150 checks were written per person in 2000. By 2024, the average had plummeted to 27 checks – slightly more than two per month. However, over that time, the amounts typically scribbled or printed on the face of those checks rose.

In 2000, the typical check was worth less than $1,000. By 2024, the average amount had more than doubled to $2,600.

Trends elsewhere are similar. The Bank for International Settlements, which serves as a bank for central banks like the Federal Reserve, has tracked check usage in 25 countries since 2012. Its data shows that in only two other countries is payment by check still commonplace.

And in both of those countries, check usage has fallen more sharply than in the United States.

Chart LINK

TO READ MORE:  https://www.yahoo.com/finance/economy/policy/articles/paper-checks-abolished-penny-225752284.html?action=scout

BRICS Not Opposed To the US Dollar, Confirms Diplomat

BRICS Not Opposed To the US Dollar, Confirms Diplomat

Vinod Dsouza   September 30, 2026       BRICSBusiness

Russian Ambassador to India Denis Alipov confirmed at the NDTV Defense Summit that the BRICS alliance is not opposed to the US dollar. He stressed that no member nation has spoken in an anti-Western tone at the September summit in India. Member countries have also not promoted any form of anti-Western agenda to push policies, he said.

The US dollar will remain as one of the primary currencies for trade within the BRICS bloc, confirmed Alipov. The diplomat explained that the alliance is like any other global organization that eventually wants to cater to the needs of the members. This is a complete U-turn from the bloc after actively seeking de-dollarization since 2022.

US Dollar is a Part of BRICS, Stresses Diplomat

Alipov revealed that while options to use local currencies for trade are the primary goal, no BRICS member has opposed settling cross-border transactions in the US dollar.

“It is an alternative to other global platforms and organizations, such as the G20, for example, and other international formats. And no one in BRICS has ever spoken in an anti-Western manner or promoted an anti-Western agenda,” he said.

“The discussion about the use of the US dollar is very indicative in this regard. No one is opposed to the use of the US currency. We, the BRICS countries, favor having alternatives provided by the use of national currencies,” the diplomat stressed.

Therefore, the alliance is open to all forms of payments and will not sideline any currency for trade. The move will protect the dominance of the US dollar against any onslaught.

This was evident even during the 18th BRICS summit in September in India, as none of the member nations spoke about ending reliance on the US dollar. Talks about strengthening local currencies were made, but that remains intact for five years. The superiority of the US dollar remains intact, with little to no threat to uproot it from the world’s reserve currency status.

https://watcher.guru/news/brics-not-opposed-to-the-us-dollar-confirms-diplomat

BRICS De-Dollarization Could Be Serious in 2027 Under China’s Chairmanship

Vinod Dsouza   September 21, 2026

Before the BRICS 2026 summit in New Delhi, India had washed its hands clean of the de-dollarization agenda. High-ranking officials repeatedly made statements saying that India will trade in the US dollar and not abandon the currency. Other members had to toe the line and accept that the summit would not go against the West.

However, things could change next year as China will host the BRICS summit in 2027, and the Xi Jinping administration could come up with several de-dollarization initiatives for the bloc. Sergey Ryabkov, Russian Deputy Foreign Minister, said in a press conference that Russia will accept whatever priorities China places on the table at the 19th summit.

Also Read: Numerous Countries Expressing Interest in Joining BRICS

De-Dollarization Can Take a New Turn at the BRICS 2027 Summit in China

Russia has been a staunch ally of China, as the country has been with it through thick and thin. From helping it to trade in local currencies to accepting the ruble and procuring oil, China has kept the Russian economy afloat since the US imposed sanctions in February 2022. Therefore, if China initiates a de-dollarization roadmap at the next BRICS summit, Russia will be the first to back it.

“BRICS is not just about continuity; it always bears the significant imprint of the chairmanships that succeed one another,” he added. Sergey revealed that China is making an effort to create an “intra-BRICS environment” conducive to the barrier-free movement of technologies and capital. He also stressed that China could find modern breakthroughs in AI technologies and uplift the alliance as a whole.

“I would venture to suggest that modern breakthrough technologies, with artificial intelligence at their core, supply chains, the modern payment and financial system, and logistics issues in the economic sphere, will be the focus of the Chinese presidency in the coming year. They need to make their position on this topic clear. We will support these priorities. And we share this approach in the economic, innovation, and technology areas of BRICS work,” he said

https://watcher.guru/news/brics-de-dollarization-could-be-serious-in-2027-under-chinas-chairmanship

Rob Cunningham: Forget Crypto, Watch What is Happening to Money

Rob Cunningham: Forget Crypto, Watch What is Happening to Money

10-8-2026

Forget Crypto. Watch What Is Happening To Money Itself.

Our Money Is About To Work Differently – Forever.

And Almost Nobody Understands What – or Why – It’s Happening.

The change is not changing what humanity values – but is changing HOW humanity proves, owns, moves and exchanges value.

This is an enormous, once is a century happening.

And Most haven’t noticed because it doesn’t “look” dramatic – yet.

Our grocery store still opens.
Our paycheck still arrives.
Our debit card still works.
A dollar still looks like a dollar.

But underneath that familiar surface, governments, banks, financial institutions and technology companies are building brand new ways to issue, represent, manage, move, settle, collateralize and verify value.

The global PLUMBING of money is changing at hyper-speed.

And when we change the plumbing underneath the world’s most powerful banks, nations and institutions- eventually that changes the power and wealth dynamics of everyone on earth.

This is not a story about crypto.

It’s a story about our homes, our paycheck, our savings, our debt, our wealth, our retirement – and how much of our life we must surrender to thieves without our true consent – just to get by.

That’s “WHY” we all should care.

THE MONEY SYSTEM IS CHANGING WHILE YOU’RE BUSY LIVING YOUR LIFE

We’re alive during the greatest wealth shift in recorded history.

Those who awaken, learn & act will position themselves well.

Source(s):
• https://x.com/KuwlShow/status/2107874030938095896

https://dinarchronicles.com/2026/10/08/rob-cunningham-forget-crypto-watch-what-is-happening-to-money/

Historic Gold Rush Reprices Global Debt

Historic Gold Rush Reprices Global Debt

Kinesis Money:  10-8-2026

In this week's Live from the Vault, Andrew Maguire details how central banks swapping dollars for physical gold at an unrivalled pace are quietly forcing a repricing of global debt — and why this gold rush marks something far bigger than a market rally.

As the Fed remains the last major institution still sitting on gold valued at a fraction of its true market price, Andrew outlines why he sees this gold rush not as a rally, but as the opening chapter of a fundamental restructuring of the monetary order.

Timestamps:

00:00 Start

02:17 Why central banks are no longer just buying gold — they are revaluing it

07:44 The Hong Kong exchange launch — why it changes gold pricing permanently

13:02 Gold has overtaken US Treasuries as the world's top reserve asset

19:28 Why the Fed is the last institution standing between gold and a full repricing

25:11 How rising gold revalues sovereign balance sheets — what that means for debt

31:44 Silver's structural deficit — why it is yet to reflect the same revaluation

38:07 Why the current dip is being absorbed by the same buyers driving the gold rush

45:52 The path from $42 Treasury gold to market price — who gets caught short

https://www.youtube.com/watch?v=_KADDTH031c

Iraq Economic News and Points To Ponder Thursday Afternoon 10-8-26

Parliamentary Finance: The Government Received Debts Of About 210 Trillion Dinars

Money and business  Economy News _ Baghdad   A member of the Parliamentary Finance Committee, Yousef al-Kalabi, on Thursday, that the Iraqi government has received a difficult financial situation in light of the accumulation of debt and the decline in oil revenues.

Al-Kalabi said in a statement seen by "Economy News": "The government of Al-Kadhimi despite the high exchange rate of the dollar and the accompanying problems of bearing the burdens of the citizen handed the Sudanese government a cash surplus of 70 trillion dinars."

He added that "the Sudanese government handed the current government outstanding debts of about 210 trillion dinars in conjunction with the cessation of the sale of oil for more than six months due to the events of the Strait of Hormuz," noting that "these developments put the country in front of major financial challenges that require urgent action to address them."

He explained that "the current government has received a financial department suffering from major problems at a time when Iraq depends mainly on oil revenues to finance the general budget and pay the salaries of employees," pointing out that "the continued disruption of oil revenues threatens the ability of the state to meet its financial obligations."

He stressed the need to "reveal the authorities responsible for flooding the state with debts and wasting public funds and projects that have been implemented at double costs," calling for firm measures against those involved in corruption and waste of public money.

Source denies holding a meeting between the Governor of the Central Bank and the Parliamentary Finance on the exchange rate of the dollar https://www.economy-news.net/content.php?id=74762

SEC: We Are Working To Build A Strong And Attractive Market For Investment

Money and business   Economy News _ Baghdad   The Chairman of the Securities Commission, Faisal Al-Hims, said on Thursday that the capital market is a tool to finance companies and direct savings towards investment, while pointing to work to build a strong and attractive market for investment.

Al-Hims said at the World Investor Day 6 conference that "Iraq is now in a stage where it opens a new economic page, entitled diversification of the economy and expansion of investment opportunities, and building partnerships based on trust and common interests."

He explained that "the capital market is not just a space for trading, but a tool to finance companies and direct savings towards investment, and transforming opportunities into projects that contribute to the growth of the national economy."

He added that the Securities Commission is working to build a more efficient and transparent market through the development of legislation, strengthening governance and disclosure, keeping pace with digital transformation and establishing investor protection.

He added that "the market begins with confidence, and confidence begins with information, and the more aware the investor, and the more transparent the market, we are closer to a strong Iraqi financial market and attractive to investment."

https://www.economy-news.net/content.php?id=74766

Al-Zaidi: Good Quantities Of The Dollar Will Arrive In The Coming Days And Will Be Pumped Into Trading

Money and business   Economy News – Baghdad   Prime Minister Ali Faleh al-Zaidi said on Thursday that in the coming days, good quantities of the dollar will arrive and we will pump it to circulation.

The Information Office of the Prime Minister, in a statement received by "Economy News" that "Prime Minister Ali Faleh al-Zaidi confirmed before the House of Representatives that in the coming days, good quantities of the dollar will arrive, and we will pump it to circulation."

The Prime Minister added, according to the statement, "We have established the Generations Fund to finance projects in various sectors, and this will have a significant developmental impact."

“We are in a very intense battle with corruption, and the economy must be treated with an economic mentality.”  

He added: "We live in a force majeure and an undeclared siege because of the war and the closure of the Strait of Hormuz, and we do not want to borrow so as not to cause more straining the economy."   https://www.economy-news.net/content.php?id=74790

Al-Zaidi: The Difference In The Exchange Rate Previously Was Acquired By Speculators

Money and business   Economy News – Baghdad  Prime Minister Ali al-Zaidi confirmed on Thursday before parliament that the difference in the exchange rate previously was acquired by speculators.

Al-Zaidi said, in a speech to the House of Representatives, according to a statement issued by the Prime Minister's Information Office: "I received the task and the size of the public debt exceeds 208 trillion dinars, and the government is required to provide 10 trillion dinars per month, and despite the crisis we provided salaries," explaining that "three options were in front of us; the first to go to compulsory savings and leave the employee to live on promises, and the second distribution of salaries every 45 days, and the third resort to borrowing and flooding the country with debt, which is already burdened with it. "

He continued: "The mission was received and our economy is trapped due to the interruption of oil exports and the closure of the Strait of Hormuz," noting that "the difference in the dollar exchange rate previously was acquired by speculators."

He added: "We have proceeded to implement the project of one million residential plots and the construction of new cities, and we will lay the foundation stone for the projects of residential plots in the holy city of Karbala, Najaf and Nineveh on Saturday."

He said that "some of the prejudices tried to create a gap between us and the various segments of our people," noting that "next month will witness the doubling of the release of the dues of farmers and contractors."   https://www.economy-news.net/content.php?id=74788

Seeds of Wisdom RV and Economics Updates Thursday Afternoon 10-8-26

Good Afternoon Dinar Recaps,

INDIA RESET WATCH: $30 BILLION IN FOREIGN OUTFLOWS PUTS NEW PRESSURE ON THE RUPEE

India's rate hike has failed to stop the flow of foreign capital, while rising oil prices and inflation are adding to pressure on the rupee and financial markets.

 OVERVIEW

• Foreign investors have pulled a record $30.4 billion from Indian equities this year, with nearly $4.9 billion leaving in just nine days.

• India's Sensex fell to a 32-month low and the Nifty reached an 18-month low as oil prices, global bond yields, a weaker rupee and foreign selling combined to pressure markets.

• The RBI has been supporting the rupee, but rising inflation and higher global borrowing costs are making it increasingly difficult to stabilize the currency through interest-rate policy alone.

KEY DEVELOPMENTS

1. Foreign Outflows Reach $30.4 Billion

The pressure on India's financial markets has intensified.

Foreign investors have withdrawn a record $30.4 billion from Indian equities in 2026, including approximately $4.86 billion during nine consecutive days of selling.

The scale of the outflows is significant because foreign capital has historically been an important source of funding for India's equity and debt markets.

Investors are increasingly comparing Indian assets with opportunities elsewhere, particularly as U.S. and other developed-market bond yields remain elevated.

2. India's Stock Market Falls to Multi-Year Lows

The capital outflows are now being reflected clearly in India's stock market.

The Sensex fell to its lowest level in 32 months, while the Nifty 50 reached an 18-month low.

The decline came as several pressures converged: higher oil prices, rising global bond yields, rupee weakness and concerns about inflation.

The market weakness is particularly notable because India's economy continues to grow strongly. The problem is not simply domestic economic weakness; it is the growing influence of global financial conditions on Indian capital flows.

3. RBI Intervention Shows the Currency Pressure Is Continuing

The Reserve Bank of India has been supporting the rupee as it approaches its record low.

The currency recently fell to around 96.78 per dollar, only a short distance from its all-time low of 96.96.

Reports indicate that RBI intervention helped prevent the rupee from testing that record during Thursday trading.

However, intervention cannot eliminate the underlying pressures.

India remains heavily dependent on imported oil, and Brent crude has moved above $102 a barrel amid continuing Middle East supply concerns.

Higher oil prices increase India's import bill and can place additional pressure on both the rupee and inflation.

4. Inflation Could Add Another Layer of Pressure

A new Reuters survey of economists estimates that India's consumer inflation could have accelerated to approximately 5.4% in September, up from 4.82% in August.

If confirmed, that would represent the fourth consecutive month above the RBI's 4% medium-term target.

Food and energy prices are major contributors to the increase, while the weaker rupee creates additional inflation risk because India imports substantial quantities of commodities, particularly crude oil.

The result is a difficult policy environment: higher rates may support the currency but can also slow economic activity, while allowing the currency to weaken can increase imported inflation.

WHY IT MATTERS

India's experience demonstrates how difficult it can be for an emerging-market central bank to control its currency when global financial conditions are moving in the opposite direction.

The RBI has already raised its policy rate to 5.5%, its first increase in nearly four years.

Yet the rupee remains under pressure.

The reason is that investors are looking beyond India's interest rate. They are also watching U.S. Treasury yields, the dollar, oil prices, global risk appetite and expected returns from Indian assets.

That makes India's currency story part of a much larger global capital-flow story.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders watching the evolution of the global financial system, India's situation offers an important lesson.

A country can raise interest rates and still experience currency weakness if global investors believe better opportunities exist elsewhere.

That means currency strength depends on more than central-bank policy.

Trade balances, energy costs, debt levels, capital flows, interest-rate differentials and investor confidence all matter.

For those following the Global Financial Reset, this is important because structural currency changes are likely to emerge from these interconnected economic pressures rather than from a single dramatic announcement.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Capital Flows

The $30.4 billion foreign equity outflow demonstrates how quickly international capital can move when investors reassess risk and returns.

Large movements of capital can affect currencies, stock markets, bond markets and central-bank policy simultaneously.

• Pillar 2: Energy

India's dependence on imported oil makes energy prices particularly important.

When oil rises sharply, India must spend more dollars to pay for energy imports, increasing demand for foreign currency and potentially adding pressure to the rupee.

• Pillar 3: Debt and Interest Rates

India is also being affected by higher global bond yields.

When U.S. and other developed-market yields rise, the relative attraction of emerging-market assets can decline unless those markets offer sufficient additional returns.

India's shrinking interest-rate advantage over the United States therefore becomes an important factor for foreign investors.

• Pillar 4: Currency Resilience

The RBI's intervention illustrates an important distinction between managing currency volatility and permanently reversing a currency trend.

Central-bank reserves can provide a buffer, but lasting currency strength generally requires stronger underlying capital flows, trade conditions and investor confidence.

THE BOTTOM LINE

India's $30.4 billion foreign-investor outflow is more than a stock-market statistic. It shows how global interest rates, oil prices, currency expectations and investor confidence can overwhelm the impact of a single central-bank rate increase.

The rupee's struggle also demonstrates why the next phase of global finance will be shaped not only by central banks, but by the movement of capital across increasingly interconnected markets.

The global financial system evolves when countries can no longer manage their currencies in isolation from the worldwide flow of money, energy, debt and investment.

Seeds of Wisdom Team

Newshounds News

SOURCES

1. Reuters — India's Sensex slumps to 32-month low on oil surge, foreign exodus

2. Reuters — India inflation likely accelerated in September on food and energy pressures

~~~~~~~~~~

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Thank you Dinar Recaps

Coffee with MarkZ, joined by Dr. Scott Young. 10/08/2026

Coffee with MarkZ, joined by Dr. Scott Young. 10/08/2026

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

MZ:  The move to 1500 still has people scratching their heads, middle east politics, Europe and then Dr. Scott joins us to take your questions.

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

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

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Ariel: Four Signals Flying Under the Radar (and more)

Ariel: Four Signals Flying Under the Radar

10-8-2026

The Waiting Room: Signals Flying Under the Radar

Four Signals Flying Under the Radar — Plus the Ground Truth on the Dinar Chatter

THE FOUR UNDER-RADAR ITEMS FIRST

One — The Bank Behavior Shift Is Preparation, Not Completion

Since early August, Iraqi banks have been openly telling account holders new notes are coming. That is not a rumor; that is tellers and branch managers speaking plainly to depositors.

Here’s the part nobody flags: banks do not announce note transitions to the public unless inventory logistics, teller training, and ledger conversion systems are already deep in preparation. But preparation is a runway, not a takeoff. Nothing has been posted internationally, and until a rate hits forex screens, every breathless “it’s done” post is someone celebrating a wedding because the caterer arrived.

Two — Everyone Is Conflating Two Completely Different Events

Redenomination removing zeros from the physical currency is a housekeeping move. It changes how cash feels in your hand, not what it’s worth. Revaluation moving the actual exchange rate against other currencies is the wealth event. These can run together or in sequence, and the order does not matter to the outcome.

What matters is that the gain lives exclusively in the rate movement. Anyone selling you the zero deletion as the jackpot either doesn’t understand currency mechanics or is selling theater to an audience that clicks. Probably both.

Three — The Reserves Cushion Is the Real Story Nobody’s Watching

Iraq’s foreign currency reserves sit in the top thirty globally and third in the Arab world per IMF tracking through the recent quarters. That war chest is precisely what makes a rate move defensible rather than a speculative gamble when a central bank posts a new rate, the reserves are the muscle standing behind it, absorbing any pressure or attack from currency speculators betting against the move.

Add rising gold positioning and forward oil contracts, and Iraq has quietly built a posture that can defend a stronger rate without flinching. The excitement crowd talks rates; the professionals watch the shield.

Four — Non-Oil Revenue Is the Sleeper Nobody Prices In

Baghdad’s revenue diversification pushes gas development, agriculture, customs reform, banking sector maturation have drawn next to zero attention while everyone refreshes forex screens.

That diversification matters because it de-risks the entire revaluation case: a rate backed by oil alone can wobble when crude wobbles, while a rate backed by multiple streams holds firmer under pressure.

Washington’s measured-appreciation posture also signals that the adults in the room want a defensible glide, not a rocket because rockets invite speculative attacks, and glides invite confidence.

Every crowd that gets close to something real starts hallucinating before the thing arrives, and the dinar community has been…

Read Full Article:
https://www.patreon.com/Prolotario1/posts/waiting-room-171737052

https://dinarchronicles.com/2026/10/07/prolotario-four-signals-flying-under-the-radar/

Ariel: Let Iraq do their Job

10-8-2026

The chaos.

The drama.

The confusion.

Are your cortisol levels back to normal?

Are your blood sugar levels stabilized?

Did you take your antidepressants?

Because some of you have been thrown all over the room.

Did you all not read anything of note that has been posted on this channel?

Did Iraq drop the 3 zeros? No!

Did Iraq finalize their cabinet? No!

Did Iraq open the 2027 budget? No!

Did they release the rate on Forex? No!

Did you exchange your currency at your local bank? No!

So why are you acting as if what you have been seeing in Iraq as the be all & end all of what we are actually in this for?

The Revaluation!

Why are you looking at everything that has occurred as if we have already jumped that final hurdle?

Do you actually think I care about political drama when I got into this investment for monetary results?

You are pulling your hair out over what has always occurred in Iraq when it comes to people losing their s**t because most of them know the gravy train is coming to an end.

None of the people I take seriously are flinching at any shenanigans going on in Iraq. We’ve all seen this too many times to count.

Here is where the excitement becomes a liability. People hear whispers of new notes, see banks behaving strangely, notice tellers whispering to favored customers, and suddenly every rumor is “confirmation.”

There exists a class of people who will declare victory tomorrow morning, then declare it again next Tuesday, then again in six weeks, each time with total conviction, each time with amnesia about the last false alarm.

They are not lying, exactly, they are just prisoners of their own hope, and hope is a terrible analyst. The discipline that separates the informed from the excited is brutally simple: track what is finished, not what is forecast.

Governance finalized, denominations printed and distributed, an international rate actually posted, those are the only milestone markers worth scheduling your emotions around.

Everything you are waiting for comes after what is required of Iraq to post their currency on the Forex.

I am not going to say anything else on this matter until what we know is supposed to occur actual happens. And you already know what that is so please do not ask.

Let Iraq do their job people. They do not need you hovering over their shoulders and breathing down their neck hoping you get a peek at the new rate.

Source(s):
• https://x.com/Prolotario1/status/2107984364860559819

https://dinarchronicles.com/2026/10/08/prolotario-let-iraq-do-their-job/

Thursday Iraq News Posted by Tishwash at TNT 10-8-2026

TNT:

Tishwash:  Al-Masoudi: Al-Zaidi gave the green light to American companies to take control of energy projects. 

Former Member of Parliament Riyadh al-Masoudi asserted on Thursday that Prime Minister Ali Faleh al-Zaidi has given American companies the green light to completely control energy projects in Iraq, without any restrictions or conditions.

Al- Masoudi told the Information Agency, "Prime Minister Ali Faleh al-Zaidi is merely a listener and executor of Trump and his administration's directives. He is the weakest link in implementing Washington's policies, even though they are not in the interest of the Iraqi people. Moreover, al-Zaidi has given American companies the green light to completely control energy projects and other vital projects without any restrictions or conditions."

He added, "The country's economic and security policies remain weak due to American interference in internal affairs, in addition to the weakness of the Iraqi negotiator, al-Zaidi, in dealing with issues that affect the country's sovereignty." He further stated, "Al-Zaidi has not achieved any notable accomplishments, and all the signed agreements benefit America, not the Iraqi people."   link

Tishwash:  One day after the exchange rate adjustment decision... A source at the Central Bank of Iraq told the Iraq Observer: We are monitoring every detail of market activity, curbing speculation, and continuing to bolster banks' dollar reserves to meet their needs.

A source at the Central Bank of Iraq stated that the bank's procedures to bolster banks' reserves to meet their import financing needs are ongoing.

Speaking to Iraq Observer one day after the exchange rate adjustment, the source added that the bank is closely monitoring all market developments and is committed to curbing speculation to achieve a fair dollar exchange rate in the Iraqi market, thus protecting the rights of Iraqi citizens and strengthening the value of the Iraqi dinar.

The source concluded by reassuring all citizens, business owners, and merchants that the financial situation in the country is under control and that dollars are available in all Iraqi banks to meet the import needs of traders.  link

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

Tishwash:  Financial advisor: Adjusting the exchange rate is a precautionary measure to protect economic stability.

 The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, confirmed on Wednesday that the adjustment to the dinar's exchange rate is part of precautionary measures aimed at protecting economic, financial, and monetary stability. He noted that financing for foreign trade is proceeding regularly and stably.

Salih stated, "The exchange rate of the Iraqi dinar against the dollar and other foreign currencies represents the dinar's external value, and therefore its stability is closely linked to the availability of foreign currency and the economy's ability to finance foreign trade needs."

He added, "The potential repercussions of regional and international crises, particularly the effects of war and unrest that could impact oil exports through the Strait of Hormuz, and their impact on oil revenues, the general budget, and foreign currency inflows, necessitate a precautionary and well-considered approach."
He clarified that "the measures taken do not indicate any imbalance in the economic situation, but rather are part of proactive safeguards to protect economic, financial, and monetary stability, in anticipation of any developments that might affect the state's foreign currency reserves or its ability to finance foreign trade and public spending."

He pointed out that “monetary policy works to manage the exchange market and maintain the smooth flow of foreign currency, ensuring the continued and stable financing of foreign trade.” Meanwhile, fiscal policy works to absorb some of the potential effects of external shocks through balanced management of public spending, revenues, fees, taxes, and government subsidies.

Saleh explained that “customs and tax measures are part of the precautionary system and are used judiciously to regulate imports, enhance public revenues, and rationalize the use of foreign currency, without aiming to increase the burden on citizens or cause unjustified price hikes.”

He affirmed that “the general budget possesses important tools to protect internal stability through continued spending on food, medicine, fuel, and essential services.” He noted that government subsidies, in addition to their social function, represent an economic tool for absorbing shocks and maintaining price stability and domestic demand.

Saleh emphasized that the financial, customs, and tax measures associated with the current phase aim to strengthen the state’s ability to confront any potential decline in oil revenues or foreign currency inflows, maintain the general budget’s ability to meet its obligations, and protect the stability of the domestic market.

He explained that “these measures are not intended to cause a sudden change in the exchange rate or to burden society with the cost of the crisis. Rather, they aim to hedge against these challenges and build a financial and monetary safety net that enables the Iraqi economy to cope with exceptional circumstances, while continuing to provide essential goods and services and maintaining purchasing power and internal stability.”

He pointed out that the strength of the economy in such circumstances is not measured solely by the size of its resources, but also by its ability to manage shocks before their full effects are felt. He emphasized that the integration of monetary and fiscal policy, exchange rate procedures, customs, taxes, spending, and subsidies represents a formula for protecting the economy and citizens from the repercussions of any external disruption in oil markets or international trade  link

Tishwash:  Warnings of a third exchange rate adjustment... and the Central Bank's capitulation to the Ministry of Finance

Iraq is heading towards a new reduction in the value of the dinar against the dollar to cover the budget deficit, in a move that will be the third adjustment to the exchange rate after the December 2020 adjustment (when the dinar was reduced to 1450) and the February 2023 adjustment (when it was raised to 1310), amid political and economic warnings against the Central Bank “submitting” to the wishes of the Ministry of Finance.

Former MP Majid Shenkali said in a post seen by 964 Network that the leaks confirm the trend towards changing the exchange rate to cover the budget deficit at a time when the government continues to expand with appointments and promotions, describing this trend as “complete disconnect from reality, financially and politically” in light of rapid regional and international developments.

For his part, economist Nabil Al-Marsoumi indicated that the Central Bank may again yield and agree to a third amendment if the financial authority decides to do so, explaining that despite the bank’s absolute powers under its law, it was previously forced to abandon its opposition under pressure from the Ministry of Finance in 2020, before agreeing to the second amendment in 2023.

These moves come amid a widening gap between the official rate set at 131,000 dinars per 100 dollars and the parallel market rate, which has broken the 160,000 mark, prompting calls to amend the official rate in the budget tables to control the growing financial deficit.  link

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

Tishwash:  Parliament will have a say in amending the exchange rate.

MP Ibtisam Al-Hilali confirmed on Wednesday (October 7, 2026) that the House of Representatives will have an opinion on amending the exchange rate in the budget law in consultation with the government to control the dollar in the black market, following the government’s sudden decision to change the official rate, stressing her rejection of the decision and warning of its direct repercussions on prices and the livelihood of citizens.

In a statement received by 964 Network , Al-Hilali expressed her rejection of “the Cabinet’s decision to change the exchange rate of the dollar against the Iraqi dinar, noting that this decision will affect the Iraqi citizen and market.”

Al-Hilali said, “We were surprised by the Cabinet’s decision to change and raise the exchange rate of the dollar against the Iraqi dinar, which has repercussions and a direct impact on the Iraqi economy and market.”

She added, “We reject this decision. If the government wanted to address the financial crisis, it should have changed the exchange rate to 1400 dinars per dollar or less to control the market and prevent it from affecting food prices, which directly impacts citizens.”

Al-Hilali explained that “the House of Representatives will have an opinion on changing the exchange rate in the budget law, in consultation with the government, to control the dollar exchange rate in the black market.”  link   

Reset Intelligence: The Day the IQD Shut Baghdad's Markets

Emailed to Recaps~ Thank you David

Reset Intelligence: The Day the IQD Shut Baghdad's Markets

By Reset Intelligence | @EXIT_FIAT

The first trading day of Iraq's new dinar rate ended with two of Baghdad's main wholesale markets locked.

The dollar on the street went up, not down. Baghdad closed Wednesday at 167,000 IQD for $100, against just above 163,000 before the decision.

The markets

Shops and warehouses in Shorja and Jamila closed on Wednesday, and several exchange and money-transfer companies closed with them. Traders told Iraqi reporters they were caught off guard and could not price their goods at the new rate. They have suspended their dealings until they can tell whether 1,520 will stand. One Shorja owner called the wholesale trade "completely paralyzed."

Everything else that moved

• Prices - a market owner in Saladin province said a sack of rice went from 45,000 IQD to 50,000 within hours. A food distributor's agent said major firms have suspended wholesale deliveries.

• The street - $100 opened Wednesday at 168,500 IQD in Baghdad and closed at 167,000. The Central Bank's new public price is 152,000.

• Baghdad's answer - the Central Bank promised to meet every dollar request for trade, bank cards and travelers "without any restrictions." The state trade bank began supplying foreign currency, and the customs pay-up-front rule was suspended in the same cabinet decision as the rate.

• Parliament - it suspended its agenda to debate the dollar, and the Speaker directed that the Central Bank governor and the finance minister be hosted at Thursday's session. Lawmakers are collecting signatures to reverse the decision.

• The cabinet - the vote on the 9 empty seats has been pushed to next week.

• Tehran - American media report the US military is on alert for possible strikes on Iran. A tanker was hit north of Qatar.

The question

The bank moved its price toward the street, and the street moved further away. Why?

That is the short version. What the gap between Iraq's two dollar prices is made of, and the one number that shows whether Baghdad's answer is working - that is the daily read.

Read the full daily briefing free for 5 days. Sign up here: the daily Iraqi dinar briefing

Want it straight from the horse's mouth? The CBI Rate Alert pings you the moment the Central Bank of Iraq moves the official rate. The number itself, not a rumour about it. It comes with our free resource library and the daily breakdown of what is actually moving in Iraq. Sign up free: The CBI Rate Alert

Got a dinar question? Reset Intelligence runs an on-call research assistant: ask it anything they have published. It answers in seconds and will conduct deep research to find you the answer. Try it: the Iraqi dinar research assistant

Common questions, answered straight: When will the Iraqi dinar revalue? and Is the Iraqi dinar revaluation real?

The design behind all of it is mapped in Head of the Snake, and the free guides live in the Iraqi dinar resource library.

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