Iraq Economic News and Points To Ponder Tuesday Afternoon 9-22-26

CBI currency sales drop $18.5B in eight months

2026-09-22 Shafaq News- Baghdad   The Central Bank of Iraq's (CBI) foreign currency sales fell 34.5% year-on-year to about $35.27 billion in the first eight months of 2026, down from roughly $53.83 billion during the same period in 2025, according to CBI data.  The CBI sold about $3.697 billion in foreign currency in August, including $270 million in cash sales and $3.427 billion to boost banks' balances abroad.

Foreign currency sales reached $5.662 billion in July and $5.857 billion in June, compared with $5.092 billion in May, $4.559 billion in April, $3.388 billion in March, $4.133 billion in February and $2.883 billion in January.

https://shafaq.com/en/Economy/CBI-currency-sales-drop-18-5B-in-eight-months

Saudi East-West Pipeline Resumes Operations

2026-09-22 Shafaq News- Riyadh   Saudi Arabia on Tuesday restarted its East-West oil pipeline after a nine-day shutdown caused by drone attacks, restoring a key route used to bypass disruptions in the Strait of Hormuz, three sources briefed on the matter told Reuters.

The pipeline was initially operating at a low rate, two sources said, while Saudi Aramco was seeking to restore flows to about 4 million barrels per day (bpd), around 4% of global oil supply. One security source estimated that a full resumption could take weeks.

The September 13 attacks had shut the pipeline and halted crude loadings at the Red Sea port of Yanbu. Since oil flows through the Strait of Hormuz were disrupted following the US-Israeli war on Iran, Saudi Arabia has used the route to move about 4 million bpd to Yanbu.

Crude supply to Aramco’s Red Sea refineries will also resume, with a cargo bound for China scheduled to load at Yanbu later on Tuesday. Tankers were being moved to Egypt’s Port Said for ship-to-ship transfers and also to Sidi Kerir ahead of renewed Saudi loadings, two trading sources told the agency.

The restart helped drive selling in global oil markets, traders said, with Brent crude futures falling more than $2 a barrel to their lowest level since September 8.

https://shafaq.com/en/Economy/Saudi-East-West-pipeline-resumes-operations

Oil Climbs As Traders Await US-Iran Developments

2026-09-22 Shafaq News   Oil prices gained for the first time in five ​sessions on Tuesday as investors awaited developments on potential US-Iran talks at the United Nations General Assembly ‌this week after more supplies emerged through the Strait of Hormuz over the weekend.

The Brent crude futures November contract rose $1.14, or 1.1%, to $101.48 a barrel at 0317 GMT. The WTI October contract, which expires on Tuesday, climbed 87 cents, or 0.9%, to $96.65 a barrel.

The more ​actively traded November contract was up 85 cents, or 0.9%, at $93.22 a barrel.

Tehran and Washington exchanged threats on Sunday, ​though US 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 UN meeting.

"The move higher in WTI and the ​stronger open in Brent have the appearance of a typical short-covering bounce after the recent decline, rather than a fundamental ​shift," said Tim Waterer, chief market analyst at KCM Trade.

"Traders who were positioned for further downside are taking some risk off the table while the diplomatic narrative plays out."

Over the weekend, Iran also conveyed its conditions to mediators for re-engaging in negotiations, Al Jazeera reported, citing ​Iran's security chief, Mohsen Rezaei.

Waterer said oil prices were likely to remain range-bound and sensitive to headlines until there ​was either clear progress or a setback in diplomatic efforts between the US and Iran.

Middle East tensions remained elevated after Yemen's Iran-backed Houthis ‌said they ⁠attacked Riyadh and a Saudi Aramco facility in Yanbu and stepped up efforts to cut off Saudi-backed forces from the Red Sea coast.

China has privately urged Tehran to help curb attacks by the Houthis, three Iranian sources said, after Saudi Arabia appealed to Beijing following a recent surge in the group's military operations.

Saudi Aramco has increased exports through the Strait ​of Hormuz after attacks on ​its East-West Pipeline forced it ⁠to halt some shipments through Yanbu. Around 14 million barrels of its crude oil were loaded on seven supertankers inside the Gulf on Sunday, tanker tracking data showed.

"Supply concerns are ​easing as shipments through the Strait of Hormuz reach a six-month high and Saudi Arabia ​works to ⁠restore its East-West pipeline...Crude implied volatility eased 3.3% to 50.39, although it remains historically elevated," said Saxo Bank analysts in a client note.

Separately, an armed group closed valve seven on Libya's Sharara crude pipeline to Zawiya port on Monday, resulting in a significant ⁠decline in ​production at the Sharara oilfield, Libya's National Oil Corporation said in ​a statement.

Production at the field has fallen by around 200,000 barrels per day and is currently between 100,000 and 105,000 bpd, two engineers at the ​field told Reuters.   (Reuters)

https://shafaq.com/en/Economy/Oil-climbs-as-traders-await-US-Iran-developments

Basrah Crudes Slip Despite Global Benchmark Gains

2026-09-22 Shafaq News- Basrah   Iraq’s Basrah crude prices remained above $90 a barrel on Tuesday, while global oil benchmarks moved higher.

Basrah Heavy stood at $90.27 a barrel, while Basrah Medium was priced at $93.57.

The two grades had each fallen $0.80 in their previous trading session, with Basrah Heavy down 0.88% and Basrah Medium 0.85%.

Global oil prices rose on Tuesday as investors awaited potential US-Iran talks at the UN General Assembly.

Brent crude climbed above $101 a barrel, while US West Texas Intermediate also gained in early trading.

https://shafaq.com/en/Economy/Basrah-crudes-slip-despite-global-benchmark-gains

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

Iraq Is Preparing To Launch A Strategic Project For Steel Industries

Money and business   Economy News — Baghdad   The Ministry of Industry and Minerals announced on Tuesday the launch of the second phase of a strategic project for steel industries, with the aim of enhancing the production of rebar locally and providing multiple types and sizes of it to meet the needs of the local market.

The Director of the General Company for Steel Industries at the Ministry, Ahmed Hamed Zainuddin, said that "the rolling and continuous casting project for steel industries consists of two phases, the first of which includes the project of continuous arc casting, which completed the development and modernization of its production lines in accordance with the latest technologies and technological methods, during the month of May of 2024, which contributed to enhancing its operational capacities."

He added that "the said project currently produces 600 thousand tons per year of pallet, and is the primary and basic material for the operation of the rolling project, which he stressed that providing it locally will contribute to support the production chain and reduce the need to import raw materials in the rebar industry."

He pointed out that the second phase of the project, which will be opened soon, will allow the production of rebar with various measurements required in the local markets, starting from 8 to 44 mm, with a production capacity of about 400 thousand tons per year, as well as the production of about 200 thousand tons per year of industrial iron.

He stressed that "the project represents an important step in supporting the industrial sector and enhancing its ability to meet part of the local demand for iron products, as well as providing the market with a local product according to the required specifications, which enhances the presence of the national industry in the market and reduces dependence on imported products."

He pointed out that "the operation of the project in its various stages will not be limited to increasing local production, but will contribute to the revitalization of sectors related to the iron and steel industry," stressing that "the company is continuing to complete the technical and operational requirements of the project in preparation for the start of commercial production, in line with government plans to qualify and operate industrial projects and increase the production capacities of public companies."

https://www.economy-news.net/content.php?id=74214

Gold’s Investment Case Has Fundamentally Changed, And Rising Yields Are No Longer A Dealbreaker

Gold’s Investment Case Has Fundamentally Changed, And Rising Yields Are No Longer A Dealbreaker - FTSE Russell’s De

By Neils Christensen  (Kitco News) - Rising bond yields are creating a significant headwind for gold, but investors should be careful about applying the precious metal’s traditional relationship with interest rates too rigidly, as structural changes in global demand continue to support elevated prices, according to FTSE Russell.

In an interview with Kitco News, Indrani De, Head of Global Investment Research at FTSE Russell, said both nominal and real yields are moving higher, which traditionally increases the opportunity cost of holding a non-yielding asset like gold. However, she said the gold market has undergone a fundamental shift as central banks have become increasingly important buyers.

De explained the growing influence of central-bank demand is a significant reason why gold has become somewhat less sensitive to rising real yields. She noted that central banks were net sellers of gold from 2000 until the Global Financial Crisis, before becoming net buyers. More recently, the pace of purchases has accelerated substantially.

“ The extent to which central banks are buying gold today, in the last two, three years, is more than twice the level of what it was between 2010 and 2021,” she said. 

She added that this demand matters because official-sector buyers generally aren't making allocation decisions based on the opportunity cost created by higher bond yields.

“We now have a huge chunk of demand for gold coming in from sources that are not sensitive to yields,” she said. “That is one very big reason why you see much more of a decoupling between the rising yields and gold prices.”

That shift is also showing up in global reserve allocations. De said that at current valuations, central banks collectively hold more gold than U.S. Treasuries. At the same time, she noted that the U.S. dollar's share of global foreign-exchange reserves has been on a structural downtrend, falling from just above 70% around the turn of the century to between 55% and 57% today.

However, De pushed back against the idea that this trend means central banks are simply losing faith in the U.S. dollar.(Kitco Global Index shows how much of today's gold move is the dollar versus the gold market itself.)

She said the dollar's dominant role remains largely unquestioned because there is no viable alternative of comparable scale. Instead, she characterized the trend as a gradual diversification of reserves amid a changing geopolitical and economic landscape.

De also expects official-sector gold demand to remain an important feature of the market. Although purchases could retreat from the exceptionally high levels of recent years, she said demand is geographically broad, including central banks across Asia and Latin America, while heightened geopolitical uncertainty is unlikely to disappear anytime soon.

At the same time, central banks are no longer the only important source of demand. De said investment demand through retail investors and gold-backed exchange-traded products has also increased, giving the market a broader base of buyers.

Gold, she added, continues to function as an inflation and geopolitical-risk hedge and offers another potential advantage as concerns surrounding currency debasement grow.

“Gold has the stability to it also,” she said. “Gold has many strengths which counter the headwinds from rising yields.”

While higher yields remain a risk for gold, De said investors also need to understand why yields are rising. Fiscal concerns across developed economies are one factor, with De describing the current environment as one of growing “fiscal dominance,” where fiscal policy increasingly overpowers monetary policy.

But not all of the rise in yields is necessarily negative for gold.

De said the global economy is moving away from the post-financial-crisis era of abundant cheap capital. Capital is becoming scarcer because there are increasingly productive uses for it, including artificial intelligence, infrastructure investment, reshoring and the global green energy transition.

She said this repricing of capital can ultimately support stronger productivity, while higher borrowing costs also put pressure on less productive “zombie companies.”

“There are a lot of good reasons why yields are increasing, and we need to be cognizant of that too,” she said.

That changing investment landscape is also creating opportunities beyond gold.

De said strength in currencies tied to major commodity-producing economies — including the Norwegian krone and Australian dollar, as well as the Brazilian real and Mexican peso — is another indication that commodities have an increasingly important role in global markets.

Copper is particularly well positioned within those structural trends. Traditionally viewed as a barometer of global economic activity because of its widespread industrial use, the metal is now benefiting from additional demand tied to AI infrastructure and the energy transition.

“We are in a world where commodities have a big role to play, because it's not just gold,” De said. “You have copper.”

The energy transition could provide another long-term source of commodity demand. De said the disruption in global energy markets has reinforced the connection between energy security and economic security. She noted that refined petroleum products have experienced even greater price pressures than crude oil, highlighting the risks of relying heavily on individual energy sources and vulnerable supply chains.

She said growth in electric vehicles and batteries globally suggests the green transition has actually accelerated this year, rather than stalled.

“The more diversified you are in your energy security, the better off you are,” she said, adding that the transition has “picked up pace this year.”

Ultimately, De said the investment environment is becoming less about choosing between traditional “risk-on” and “risk-off” positions and more about building portfolios capable of participating in growth while protecting against increasingly complex risks.

She noted that capital flows during the past three to six months show investors pursuing something of a barbell strategy: maintaining exposure to U.S. and global equities and the AI growth story while simultaneously buying high-quality, short- and intermediate-duration investment-grade fixed income for capital preservation and liquidity.

“We are certainly in a world where diversification is having more than its normal share of benefits,” De said. “Diversification is really paying off at this particular point in time.”

See live precious metals prices for gold, silver, platinum and palladium — in USD, CAD and 12 more currencies.

Gold’s investment case has fundamentally changed, and rising yields are no longer a dealbreaker - FTSE Russell’s De

Why Is the U.S. Dollar the World's Dominant Reserve Currency?

Why Is the U.S. Dollar the World's Dominant Reserve Currency?

September 01, 2026   By  Scott A. Wolla

What do you think of when you hear “U.S. dollar”? Is it the cash in your wallet, the balance in your bank account, or the price of a gallon of gas? In these and other examples, the dollar performs the basic functions of money. This is true in the U.S. and in countries around the world, whose governments, central banks, businesses, and investors use dollars to buy, sell, borrow, and lend. The dollar is integral to the financial “plumbing” of the global economy and is the world’s dominant reserve currency.

What Is a Reserve Currency?

A reserve currency is a widely accepted currency that governments and central banks hold as part of their official foreign exchange reserves. These reserves ensure that a country has reliable access to foreign currency to make international payments, manage its exchange rate, and respond to financial stress.

For example, when a country, business, or individual wants to buy goods, services, or financial assets in an international transaction, the buyer must obtain the seller’s currency through the foreign exchange market. This is where currencies are bought and sold and where exchange rates are determined.

Businesses and individuals normally rely on banks and financial markets to get the foreign currency they need for international transactions. But in a financial crisis, foreign currency can become difficult for a business to obtain. This is when a country’s central bank can step in to sell dollar assets from its foreign exchange reserves.

Countries do not hold most of their dollars as stacks of paper currency. Instead, they hold dollar-denominated financial assets, especially U.S. Treasury securities, which are debt issued by the U.S. government.

When investors buy Treasury securities, they are in effect lending money to the U.S. government in exchange for repayment with interest. When investors sell or redeem Treasury securities, they get dollars in exchange, which they may use to make other dollar-denominated transactions.

These assets are considered both safe and liquid: Investors generally trust the U.S. government to repay its debts, and Treasury securities can be quickly and easily converted into cash. So, central banks are able to hold dollars in a form that preserves value and that can be accessed quickly in a financial crisis. In this way, the dollar’s roles as a reserve currency and as an international currency come together, but each role reflects a different function of money. Consider the following:

• As a store of value, the dollar is held through assets such as Treasury securities, which are stable, trusted, and easily converted into cash.

• As a medium of exchange, the dollar is widely accepted in international trade and finance, allowing businesses to use it to pay for imports, to settle contracts, and to conduct financial transactions across borders.

• As a unit of account, the dollar is quoted in many global prices and financial contracts, giving buyers and sellers a common way to measure value.

The Bank for International Settlements reports that as of April 2025, the dollar was involved in about 89 percent of all foreign exchange trades, making clear its stability and widespread use.

Why Is the Dollar So Widely Used and Held?

Several features of the U.S. economy and its financial system help explain why governments, central banks, and investors around the world choose to hold and use dollar‑denominated assets.

First, the U.S. remains one of the world’s largest economies, accounting for about 26 percent of global GDP in 2024 (measured in current U.S. dollars). This helps make the dollar central to international trade and finance and encourages other countries to hold dollar‑denominated assets as reserves.

Second, U.S. financial markets, especially the market for U.S. Treasury securities, are large, deep, and liquid. U.S. financial markets give foreign central banks and investors access to a wide supply of dollar‑denominated assets that can be bought or sold quickly and with relative certainty, which makes the dollar easier to use and more attractive to hold.

Third, the U.S. benefits from long-standing legal, political, and financial institutions that investors generally trust. Confidence that contracts will be enforced, that markets will function, and that the U.S. government will repay its debts increases the appeal of holding dollar assets.

These factors help explain why the dollar dominates global reserve holdings.

At the end of 2025, about 57 percent of the world’s foreign exchange reserves were held in dollar‑denominated assets, compared with about 20 percent for the euro. Other currencies, such as the Japanese yen, British pound, Canadian dollar, and Chinese renminbi, are also reserve currencies, but none comes close to the dollar’s share, as shown in the figure below.

 The Benefits for the U.S.

There are meaningful advantages for the U.S. in having the dollar serve as the world’s dominant reserve currency. The most important benefit is the additional global demand for dollar‑denominated assets, especially U.S. Treasury securities.

When many investors and foreign central banks want to hold Treasury securities, the U.S. government does not need to offer as high an interest rate to attract buyers, and this helps lower the government’s borrowing costs.

The dollar’s role as in international currency also supports U.S. businesses. Because the dollar is widely used in global trade and finance, U.S. firms can often borrow, invest, and write contracts in their own currency.

Doing so reduces the exchange‑rate risks they would face if they had to convert dollars into foreign currencies more frequently. This stability makes it easier for U.S. companies to participate in international markets, influencing borrowing costs, business decisions, and the broader U.S. economy.

The Tradeoffs of a Stronger Dollar

While the dollar’s global role brings important benefits, there are tradeoffs: Increased global demand for dollar‑denominated assets can make the dollar stronger than it otherwise would be, and this affects Americans in different ways, creating both winners and losers.

For consumers and businesses that import goods or services, a strong dollar is a clear advantage. When the dollar rises in value, foreign‑made products become cheaper, reducing costs for households and for firms that rely on imported goods.

For exporters, however, a strong dollar makes U.S.‑produced goods more expensive for foreign buyers and can make U.S. firms less competitive in global markets. Domestic companies that compete directly with imported goods may also face pressure if cheaper imports gain a larger share of the market.

These contrasting outcomes are an inherent part of how exchange rates work: When a currency strengthens, it becomes easier to purchase goods from other countries but harder to sell goods to them. The dollar’s role as the world’s dominant reserve currency reinforces this pattern because global demand for dollar assets tends to keep the dollar stronger than it otherwise would be.

Could the Dollar Lose Its Role?

Some countries have taken steps to reduce their reliance on the U.S. dollar, a trend often described as de‑dollarization. Their motivations vary. Some want to limit exchange‑rate risk, while others aim to avoid potential exposure to U.S. sanctions or promote greater use of their own currencies in trade and finance. Even so, replacing the dollar is challenging because the main alternatives face significant limitations. 

The euro is the second‑most widely held reserve currency, but it lacks a single, unified Treasury market (PDF) comparable to the large and liquid market for U.S. Treasury securities. China’s renminbi has expanded its international presence in recent years.

Yet continued exchange rate management and capital controls limit how freely funds can move into and out of the country, creating obstacles to becoming a global reserve currency.

The dollar’s role is not fixed. Its share of global reserves can rise or fall over time depending on economic conditions, policy decisions, and investor confidence. Still, displacing the dollar entirely would be difficult.

Few currencies combine the same scale, safety, liquidity, and trusted institutions that make the dollar so widely used and held.

Conclusion

The dollar’s position as the world’s dominant reserve currency provides the U.S. with important advantages, but it also brings tradeoffs. Its global role helps lower government borrowing costs and reduces financial frictions for U.S. businesses, but it also contributes to a stronger dollar that creates challenges for exporters and domestic firms.

The dollar serves the basic functions of money in its roles as a reserve currency and an international currency, as it is both stable and widely accepted by sellers, lenders, and investors around the world.

And when you hear “U.S. dollar,” you now have a better understanding of its integral role in the global economy and why it dominates global reserve holdings.

https://www.stlouisfed.org/publications/page-one-economics/2026/sep/why-is-us-dollar-world-dominant-reserve-currency

"It Will Be A Weekend Event" | Bill Holter

"It Will Be A Weekend Event" | Bill Holter

Liberty and Finance:  9-21-2026

Bill Holter warns that today’s debt and derivatives-driven financial system could be approaching a breaking point.

He argues that rising interest rates are exposing vulnerabilities across Treasury markets, sovereign debt, and the global financial system.

Holter points to more than $2 quadrillion in derivatives as a potential source of extreme leverage and systemic risk.

He also discusses BRICS, gold-backed currencies, Saudi Arabia, Japan, and what he sees as a major shift away from U.S. Treasuries.

Finally, Holter predicts a potential weekend financial shock that could trigger a sweeping monetary reset.

INTERVIEW TIMELINE:

0:00 Intro

1:00 Debt crisis

25:00 Preparedness

29:00 Bill Holter's info

https://www.youtube.com/watch?v=PLyONRhGZ6A

Vietnamese News Posted by Henig at KTFA 9-22-2026

KTFA:

Henig:  IMO: Very interesting.

Digital transformation widens market reach for Vietnamese goods

September 18, 2026 - 14:07

E-commerce and livestreaming are reshaping how Vietnamese craft villages, co-operatives and businesses connect with consumers, cutting distances between producer and buyer without eroding traditional values.

HÀ NỘI — Digital platforms are opening up new market access channels for businesses and co-operatives across Việt Nam, enabling Vietnamese goods to reach consumers more directly, enhance their competitiveness and adapt to modern consumption trends.

A smartphone, an internet connection and a livestream are becoming new trade promotion tools for the Minh Tâm Ceramics Co-operative in Phù Lãng Commune, Bắc Ninh Province. Instead of waiting for customers to visit the craft village or relying on traditional distribution channels, the co-operative now showcases its handmade ceramic products directly on social media, reaching thousands of viewers and receiving orders in real time.

Đặng Thị Tâm, Director of the Minh Tâm Ceramics Co-operative, said TikTok livestreams not only attracted large audiences but also provided opportunities to introduce the traditional Phù Lãng pottery village, the cultural values embodied in each product and the stories of the artisans behind them.

The effectiveness of this online sales channel extends beyond orders placed during broadcasts. Many customers who discover products through livestreams remain connected via Zalo, follow new product launches and return to make further purchases.

Tâm said customers who joined a livestream and placed an order could become long-term buyers rather than one-time purchasers. After receiving their goods, many continued to enquire about new products, browse other designs and place follow-up orders.

The story of Minh Tâm Ceramics shows that digital transformation does not diminish the traditional values of craft village products. On the contrary, when brought into the digital space, the stories behind the products, the land and the artisans have more opportunities to reach a wider audience.

From products shaped by craftspeople’s hands to orders placed through social media, the distance between producers and consumers is narrowing. Products that once had relatively limited markets are finding new customers in many localities, rather than relying solely on visitors to the craft village.

In practice, many businesses are proactively using e-commerce as both a trade promotion and sales channel. Websites, applications, sales management software, electronic payment systems, QR codes for product traceability and stores on e-commerce platforms are becoming increasingly widespread.

Trần Thị Vượng, General Director of Thạch An Food Processing Joint Stock Company, said e-commerce produced significant results in promoting a company’s image and product brands. Businesses could sell wherever their customers were, she said, adding that with a smartphone in everyone’s hands, the device itself had become a marketplace.

Evidence suggests that livestreaming is gradually evolving from a simple promotional format into a trade promotion tool capable of directly connecting products, sellers and buyers.

At the “Vitality of Vietnamese Goods” programme at 62 Tràng Tiền Street in Hà Nội, organised by the Department of Domestic Market Management and Development under the Ministry of Industry and Trade since the beginning of 2026, a model combining physical display areas with livestreaming has made a clear impact on the promotion, networking and consumption of Vietnamese goods.

The programme aims to help businesses reach consumers through modern methods while creating a space where customers can experience products first-hand. Combining direct product experiences with sales on digital platforms has generated two-way interaction, enabling businesses to introduce their products, receive feedback and adjust their market approaches.

The programme’s effectiveness is reflected in visitor numbers, as well as the views, comments and shares generated during livestreams. Notably, orders have come not only from consumers in Hà Nội but also from many other provinces and cities.

This shows that products placed in the digital environment can transcend geographical boundaries. Consumers no longer need to visit a shop or craft village in person. They can still learn about a product’s origins, manufacturing process and quality, communicate with the seller and make a purchase.

Trần Hữu Linh, Director General of the Department of Domestic Market Management and Development, said the “Vitality of Vietnamese Goods” programme was designed to create additional channels connecting products with consumers through an omnichannel model combining physical shopping and product experience spaces with digital platforms.

Incorporating livestreaming into the programme also reflects the growing shift in consumption towards the digital environment. Consumers can explore and experience products in person at the event while also accessing and purchasing them online. As a result, connections between local products and the market are being considerably expanded.

From a single smartphone livestream to an omnichannel business ecosystem, digital transformation is expanding the development space available to Vietnamese goods. When product quality is combined with technology, brand storytelling and consumer trust, products from craft villages, co-operatives and Vietnamese enterprises have more opportunities to reach wider markets, both domestically and internationally. – VNS

https://vietnamnews.vn/Sci-Tech/1800031/digital-transformation-widens-market-reach-for-vietnamese-goods.html

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

Henig:  IMO: Interesting timing.

 Party General Secretary and President meets with US Trade Representative in New York

September 22, 2026 - 05:49

The US Trade Representative said that once signed and implemented, the agreement on reciprocal, fair and balanced trade would continue to open up new opportunities and prospects for cooperation between the two countries.

 NEW YORK — Việt Nam attaches importance to its Comprehensive Strategic Partnership with the United States and wishes to work with the administration of President Donald J. Trump to continue advancing bilateral relations in a stable, substantive, effective and sustainable manner, General Secretary of the Communist Party of Việt Nam Central Committee and President Tô Lâm has affirmed.

The leader made the affirmation at a meeting with US Trade Representative Ambassador Jamieson Greer in New York on the morning of September 21 (local time), as part of his trip to the US to attend the High-Level General Debate of the 81st Session of the UN General Assembly and conduct bilateral activities.

General Secretary and President Lâm stressed that economic, trade and investment cooperation is one of the most important pillars of bilateral relations, directly benefiting businesses and people and contributing to the development of both countries.

In recent years, Việt Nam has made efforts to substantively promote cooperation and purchase goods from the US in order to boost bilateral trade in a more balanced direction, while creating more orders, jobs and direct benefits for businesses and workers in both countries, he continued.

For his part, Greer highly appreciated the attention paid by General Secretary and President Lâm and Việt Nam's efforts to balance trade between the two countries. He also said that the two negotiating teams have made great efforts, and have so far made significant progress and come very close to reaching a final outcome.

The Trade Representative said that once signed and implemented, the agreement on reciprocal, fair and balanced trade would continue to open up new opportunities and prospects for cooperation between the two countries.

General Secretary and State President Lâm welcomed the very positive results achieved by the two sides toward the early signing of the agreement, creating a stable, long-term framework for economic, trade and investment relations.

He also called on the US to take a comprehensive approach to outstanding trade issues, including those related to investigations under Section 301 of the US Trade Act of 1974. On that basis, the leader expressed his wish that the two countries step up efforts to promote the substantive development of bilateral economic, trade and investment ties, thus bringing benefits to their people. — VNA/VNS

https://vietnamnews.vn/economy/1800238/party-general-secretary-and-president-meets-with-us-trade-representative-in-new-york.html

Henig:  IMO: They be workin' it, yo.

Beyond the upgrade, Việt Nam sets sights on long-term investment

September 22, 2026 - 09:53

Việt Nam News reporter Ly Ly Cao spoke with Kojima Kazunobu, a Japan International Cooperation Agency (JICA) consultant and expert from the Daiwa Institute of Research, about the impact of the upgrade, reform priorities and the key risks facing Việt Nam as it enters emerging-market status.

HÀ NỘI — The stock market enters a new chapter on September 21 as its upgrade from frontier to secondary emerging market status under FTSE Russell takes effect.

Beyond expectations of increased foreign capital, the upgrade raises important questions about how it could reshape the quality and structure of the market and what further reforms are needed to attract and retain long-term international investment.

Việt Nam News reporter Ly Ly Cao spoke with Kojima Kazunobu, a Japan International Cooperation Agency (JICA) consultant and expert from the Daiwa Institute of Research, about the impact of the upgrade, reform priorities and the key risks facing Việt Nam as it enters emerging-market status.

What do you consider to be the most significant impact of a market upgrade and beyond attracting capital inflows, how will it affect the quality and structure of Việt Nam's stock market?

The most significant impact of the market upgrade is not simply the potential increase in foreign capital inflows.

In my view, its greater significance is that Việt Nam will become investable for a much broader universe of global emerging-market investors and will therefore be evaluated more closely as an investment destination.

As more international investors begin to follow Vietnamese listed companies, engagement between companies and investors is likely to increase. This can contribute to the continued development and international integration of the market.

At the market level, the upgrade is also likely to place greater emphasis on liquidity and investability. International investors assess not only market capitalisation but also whether they can build, manage, and exit positions efficiently. 

Factors such as free-float availability, trading liquidity, and access to investment opportunities therefore become increasingly important as the market attracts a broader range of global investors.

For this reason, the upgrade can be viewed as the beginning of a new phase in which Việt Nam's stock market will be observed and evaluated by a much broader community of global emerging-market investors.

As investor participation expands, greater attention is likely to be paid to factors such as liquidity, investability, and the availability of attractive investment opportunities.

This process can support the continued evolution of the market and further strengthen Việt Nam's position as an increasingly important destination for international investment over the long term.

Following the market upgrade expected on September 21, which reforms should Việt Nam prioritise to ensure that international capital flows into the market not merely because of index inclusion, but remains invested over the long term?

While continued improvements in trading infrastructure, market transparency, corporate governance and investor protection remain important, Việt Nam's long-term objective should be to establish itself as a market that offers attractive investment opportunities and a growing universe of high-quality listed companies.

From that perspective, one of the most important priorities is to further strengthen the quality of disclosure and investor relations activities among listed companies.

International investors need sufficient information to understand a company's business model, growth strategy, competitive advantages, and long-term value creation potential. Even high-quality companies may not receive appropriate investor attention if these strengths are not communicated effectively.

In the long run, sustainable foreign investment will depend not only on market infrastructure or regulatory frameworks but also on the availability of attractive and investable companies.

Increasing the number of listed companies that can communicate their investment story clearly and engage effectively with investors will help strengthen market confidence and support long-term international investor participation in Việt Nam's stock market.

While retail investors continue to play a significant role in Việt Nam's stock market, what measures should Việt Nam take to foster the growth of long-term institutional investors?

To develop a stronger base of long-term institutional investors, it is important to recognise that institutional capital ultimately originates from household savings.

In many developed markets, pension funds, insurance companies, and investment funds have grown by channelling the long-term savings of households into professionally managed investment vehicles.

Therefore, the development of institutional investors should be viewed not only as a financial-sector objective but also as part of a broader effort to support long-term household asset formation.

In this regard, Việt Nam could consider several complementary measures. First, it should continue encouraging the growth of long-term investment through pension and insurance systems, which can provide a stable source of institutional capital for the capital market.

Second, tax incentives could be used to encourage long-term investment by individual investors through investment funds. International experience suggests that such incentives are most effective when they are designed for broad-based household asset formation, with appropriate investment limits to ensure that the benefits are focused on ordinary investors rather than high-net-worth individuals.

Third, financial and investment education should be strengthened from an early age to help build a culture of long-term saving and investing.

Over time, these measures can help channel household savings into professionally managed long-term investment and support the development of a more stable and diversified investor base.

In your view, what is the greatest risk facing Vietnam after achieving an upgrade to emerging market status?

I do not see any major structural risk that would undermine Việt Nam's long-term growth prospects after an upgrade to emerging market status. The country continues to benefit from strong economic fundamentals, a dynamic private sector, and a young, well-educated, and hard-working workforce. These factors provide a solid foundation for continued economic and capital market development.

In my view, the more important challenge is whether Việt Nam can continue enhancing its attractiveness as an investment destination as it becomes more closely followed by global emerging-market investors.

The upgrade is likely to increase investor attention, but it will also raise expectations regarding market quality, openness, and alignment with international standards. Whether Việt Nam can continue meeting these evolving expectations may therefore become a risk factor in the years ahead.

As Việt Nam moves into this new phase, international investors are likely to place increasing importance on factors that affect investability and long-term shareholder value.

Continued progress in these areas would further strengthen Việt Nam's position within the global investment community and help attract a broader base of long-term investors.

For this reason, I see the upgrade not as the end of a reform process, but as an opportunity to further enhance the attractiveness and competitiveness of Việt Nam's capital market. — BIZHUB/VNS

https://vietnamnews.vn/economy/1800253/beyond-the-upgrade-viet-nam-sets-sights-on-long-term-investment.html

Why Gold Prices Could Keep Rising Despite High US Yields And Interest Rates

Why Gold Prices Could Keep Rising Despite High US Yields And Interest Rates

Analysts expect gold prices to continue rising into 2027.

Updated Sep 21, 2026, 05:56 PM

• Gold prices are expected to rise through 2027 despite high US interest rates and bond yields, driven by central bank purchases and concerns over US government debt.

• Central banks, especially China, have increased gold buying significantly, with global purchases nearly doubling pre-2022 levels, supporting gold as a safe asset against financial crises.

• Geopolitical tensions and cautious investor sentiment help maintain gold's resilience, with forecasts predicting prices up to US$5,400 an ounce by late 2027.

SINGAPORE – Gold prices are expected to rise further into 2027 despite high interest rates and volatile bond yields, as central bank purchases and concerns over US government debt continue to support demand for the precious metal.

Gold has had a mixed year, surging to a record high of US$5,594.82 an ounce on Jan 29 before retreating sharply to around US$3,942 in June. It has since regained some ground despite volatility in the bond market and a recent US interest rate hike, and was trading at around US$4,360 on Sept 21.

Higher interest rates and bond yields typically weigh on gold prices, as they increase the opportunity cost of holding the precious metal, which does not pay interest. Still, analysts expect gold prices to continue rising into 2027, with forecasts reaching as high as US$5,400 an ounce in the third quarter of 2027.

Zavier Wong, market analyst at etoro, said the reason behind the rise in US Treasury yields matters for gold.

If yields rise because the US economy is strong, gold typically comes under pressure as investors can earn higher returns elsewhere, while a stronger US dollar also makes the precious metal more expensive for buyers using other currencies.

But the recent rise in longer-term yields has instead been driven partly by concerns over the amount of debt being issued by the US government to fund its deficit.

US public debt crossed US$40 trillion (S$51 trillion) in August, while the yield on the 30-year US Treasury bond climbed as high as 5.4 per cent in September.

Wong noted that while higher yields make interest-paying assets more attractive relative to gold, concerns over US government finances are at the same time encouraging investors to turn to gold as an alternative.

“Debt-driven yields only provide the opportunity cost, because the same fiscal doubt pushing yields up is also pushing money into gold as the alternative,” said Wong. “The two effects mostly cancel out... That is the kind of rise we are seeing now, and it explains why gold has held up.”

Wong added that central banks are also buying gold to protect against financial crises and currency risks, and that the US Federal Reserve’s 25-basis-point rate increase on Sept 16 is unlikely to be enough to reverse those purchases.

Central banks globally bought 289 tonnes of gold in the second quarter of 2026, with purchases expected to reach between 700 tonnes and 900 tonnes for the full year, nearly double the annual average before 2022.

The People’s Bank of China alone bought more than 20 tonnes of gold in August, its largest monthly purchase since 2023 and its 22nd consecutive month of gold purchases.

Investor demand has also remained strong, with global investors adding US$18 billion to gold exchange-traded funds in August, according to data from the World Gold Council.

Wong said the next key indicator for prices will be central bank purchases in the third quarter of 2026. “If that number comes in weaker, it means the central bank bid that’s been holding gold prices up is starting to fade,” he said.

Christopher Irwin, head of foreign exchange and precious metals trading for Asia at Julius Baer, said much of the US Fed’s expected tightening had already been priced in before its latest decision.

As a result, the latest rate increase generated little additional selling pressure.

Irwin said that the longer-term case for gold remains intact, supported by concerns over monetary credibility and investors’ willingness to increase their exposure when prices fall.

“Gold’s bull market began in late 2023 under a more restrictive US policy regime, underscoring that the metal’s trajectory is being shaped by forces well beyond interest rates,” he said.

Heidi Sum, global head of product specialists for liquid real assets at German asset management firm DWS, said gold’s near-term direction will depend on the Fed’s next move. “A one-and-done signal could ease the pressure from higher inflation-adjusted yields and support a recovery, while further rate increases would likely keep gold volatile,” she said, adding that DWS forecasts gold at US$5,000 an ounce by September 2027.

Jeremy Tan, chief executive of Tiger Fund Management, said gold prices continue to be supported by geopolitical risks, particularly escalating tensions in the Middle East.

“We expect gold prices to remain highly resilient between US$4,300 and US$4,400 an ounce,” Tan said, adding that safe-haven demand for gold should help offset any price pressure from elevated short-term interest rates and inflation.

 Heng Koon How, head of markets strategy at UOB, noted that gold prices briefly fell below US$4,300 an ounce after the Fed raised rates on Sept 16, before recovering towards US$4,400.

This rebound was an “encouraging sign” that gold was consolidating as investors adjusted to the higher interest rate environment.

UOB forecasts gold at US$4,500 an ounce in the fourth quarter of 2026 and expects prices will continue climbing to reach US$5,400 an ounce in the third quarter of 2027.

Timothy Goh is a business correspondent at The Straits Times. He covers commodities and currencies, with occasional forays into listed companies.

https://www.straitstimes.com/business/companies-markets/why-gold-prices-could-keep-rising-despite-high-us-yields-and-interest-rates

Seeds of Wisdom RV and Economics Updates Tuesday Afternoon 9-22-26

Good Afternoon Dinar Recaps,

INDIA LIQUIDITY RESET WATCH: RBI DRAINS BANKING SYSTEM CASH AS BOND SALES AND FX SWAPS RESHAPE THE RUPEE

India’s central bank is rapidly absorbing excess banking liquidity as bond sales, foreign-exchange swaps and rupee management begin reshaping conditions across the country’s financial system.

OVERVIEW

• The Reserve Bank of India (RBI) has reduced India’s banking-system liquidity surplus by 55%, from a record ₹11.16 trillion about two weeks ago to ₹4.92 trillion, using bond sales, foreign-exchange swaps and other liquidity-management measures.

• The RBI sold ₹750 billion of government bonds over the past week and planned another ₹250 billion sale, while traders estimated that the central bank had conducted approximately $1 billion per day in FX swaps over 10 sessions.

• The move matters beyond India because liquidity management connects banking cash, government bonds, interest rates, foreign exchange and the rupee—five areas that directly influence how capital moves through the global financial system.

KEY DEVELOPMENTS

1. RBI rapidly reduces excess banking liquidity

India’s banking system became unusually liquid after lenders raised approximately $133 billion through a special RBI-backed diaspora deposit scheme.

That influx generated a substantial amount of rupee liquidity inside the banking system.

The surplus subsequently reached a record ₹11.16 trillion. By Monday, it had fallen to ₹4.92 trillion—a reduction of approximately 55% in roughly two weeks.

The RBI’s objective is not simply to remove money from the banking system.

It is also attempting to keep short-term market interest rates aligned with its monetary-policy framework and prevent excessive liquidity from adding to inflationary pressure.

2. Bond sales are becoming a major liquidity-management tool

The RBI sold ₹750 billion of government securities during the past week and planned another ₹250 billion sale.

When a central bank sells government bonds, buyers pay for those securities, effectively pulling rupees out of the financial system.

This makes open-market bond sales an important tool for managing the amount of cash available to banks.

RBI Governor Sanjay Malhotra had already indicated earlier in September that open-market operations and FX swaps were among the tools available to manage excess liquidity.

The significance is broader than the individual transactions.

Bond sales affect liquidity. Liquidity affects money-market rates. Rates affect bonds and credit. Those changes can then influence currency markets.

3. FX swaps are connecting liquidity management with the rupee

Foreign-exchange swaps are another tool being used to manage the surplus.

Reuters reported that traders estimated the RBI had conducted FX swaps of approximately $1 billion per day over the preceding 10 sessions.

The mechanics matter.

A sell/buy FX swap can allow the RBI to receive rupees while providing dollars in the initial transaction, thereby withdrawing rupee liquidity from the banking system.

The RBI had previously indicated that FX swaps could be used alongside open-market operations to manage liquidity.

This creates an important connection between two markets that are often viewed separately:

Foreign Exchange ↔ Banking Liquidity

4. The rupee is part of the larger liquidity equation

The RBI’s liquidity operations are taking place while the rupee faces pressure from global conditions, including elevated oil prices and changing expectations for interest rates.

India is particularly sensitive to oil prices because it imports substantial amounts of crude oil. Higher energy costs can increase the country’s import bill and contribute to inflationary pressure.

Reuters reported earlier in September that the rupee had weakened as oil prices rose and expectations for higher U.S. interest rates pressured Asian currencies. The RBI was also reported to have used dollar sales to contain some of the rupee’s losses.

This illustrates why currency movements cannot be viewed in isolation.

Oil → Inflation → Interest Rates → Bonds → Liquidity → Capital Flows → Rupee

5. The banking system is moving toward tighter liquidity conditions

The RBI’s actions have already changed money-market conditions.

Reuters reported that the liquidity surplus had fallen substantially, while banks also parked ₹3.4 trillion with the RBI through reverse repos.

The reduction in excess cash is important because extremely high liquidity can push short-term market rates below the central bank’s policy rate.

Reducing the surplus gives the RBI greater control over the transmission of monetary policy.

That makes this more than a temporary cash-management exercise.

It is part of the central bank’s effort to bring actual financial conditions closer to its intended monetary-policy stance.

6. Rate-hike expectations are adding another layer

The liquidity drain is also occurring as financial markets consider whether the RBI could eventually raise interest rates.

Reuters reported that some economists and major foreign banks were expecting an October rate increase, although those are market expectations and forecasts—not decisions already made by the RBI.

The distinction is important.

The RBI has been actively managing liquidity.

Whether it ultimately changes its policy rate depends on the economic data and the central bank’s assessment of growth, inflation and financial conditions.

WHY IT MATTERS

India is demonstrating how modern central banks can manage several financial markets simultaneously.

The RBI is using:

• Government bond sales

• Foreign-exchange swaps

• Reverse repos

• Foreign-exchange intervention

• Reserve and liquidity-management tools

These mechanisms influence the amount of money available to banks, the price of government debt, short-term interest rates and the behavior of the currency.

That makes India an important example of how monetary infrastructure connects directly to currency markets.

The story is not simply about the rupee.

It is about the system behind the rupee.

WHY IT MATTERS TO FOREIGN CURRENCY HOLDERS

For foreign currency holders, the important lesson is that currency values are influenced by much more than a single exchange-rate announcement.

The rupee is being affected by a combination of:

Liquidity → Interest Rates → Bond Yields → Oil Prices → Capital Flows → Foreign Exchange Policy

That does not mean the RBI is preparing a currency revaluation.

It means the central bank is actively adjusting the financial conditions surrounding the rupee.

For those following the Global Reset, these are the kinds of developments worth watching because they show how central banks are responding to changing conditions through actual financial mechanisms—not predictions or rumors.

Hope, not hype. Follow the evidence.

IMPLICATIONS FOR THE GLOBAL RESET

• Pillar 1: Liquidity

Central banks are actively managing the quantity and distribution of money within their banking systems.

• Pillar 2: Bonds

RBI government-bond sales demonstrate how sovereign debt markets can be used as a direct monetary-policy and liquidity-management tool.

• Pillar 3: Currencies

FX swaps and foreign-exchange intervention connect domestic liquidity management directly to the rupee and international currency markets.

• Pillar 4: Interest Rates

As excess liquidity declines, short-term market rates can move closer to the central bank’s policy rate, strengthening monetary-policy transmission.

• Pillar 5: Capital Flows

Changes in liquidity, yields, exchange rates and monetary policy can influence where domestic and international capital is allocated.

THE GLOBAL RESET CONNECTION

India’s current sequence can be viewed through the broader financial-system chain:

Diaspora Deposits → Rupee Liquidity → RBI Bond Sales → FX Swaps → Interest Rates → Bond Yields → Capital Flows → Rupee

This is precisely the type of interconnected financial development that belongs on a Global Reset Watch.

There is no single switch that transforms the global financial system.

Instead, central banks, governments and financial institutions continually adjust the mechanisms through which money, credit, bonds and currencies interact.

RUMOR SAFETY REMINDER

The RBI’s liquidity operations are not an announcement of a rupee revaluation, currency reset or specific date for a change in currency values.

The rate-hike expectations mentioned above are market forecasts and should not be confused with an announced RBI decision.

This article is intended to document and explain financial-system developments—not to encourage anyone to make life-changing financial decisions based on a predicted currency event.

Watch the evidence. Follow the infrastructure. Hope, not hype.

THE BOTTOM LINE

India’s RBI is actively reshaping domestic financial conditions by draining excess liquidity through bond sales, FX swaps and other tools while the rupee responds to changing global pressures.

The bigger story is not simply where the rupee goes next—it is how liquidity, bonds, interest rates, foreign exchange and capital flows are becoming increasingly interconnected.

When central banks change the mechanisms through which money moves, they are not just managing today’s markets—they are helping shape the financial system of tomorrow.

Seeds of Wisdom Team
Newshounds News™ Exclusive

SOURCES

1. Reuters — "RBI bond sales, FX intervention help halve India's cash overhang"

2. Reuters — "Bond sales, FX swaps among RBI's options to drain excess liquidity, governor tells CNBC-TV18"

~~~~~~~~~~

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Thank you Dinar Recaps

Iraq/Iran War, Global Currency Reset Update: Holly Celiano

Iraq/Iran War, Global Currency Reset Update: Holly Celiano

Nicholas Veniamin:  9-21-2026

The global financial landscape is undergoing a profound and highly coordinated transformation. As nations seek to move away from legacy monetary frameworks, a complex web of geopolitical negotiations, economic positioning, and structural reforms is taking shape.

At the center of this evolution are critical developments in Iraq, strategic shifts in South American oil exports, and the operational mechanics of a broader global currency reset.

A recent video broadcast by Nicholas Veniamin dives deep into these interconnected topics, offering a detailed look at how these moving parts are aligning to usher in a new era of international trade and finance.

For decades, Iraq’s financial sector operated in relative isolation, relying heavily on manual processes and restrictive transaction protocols. Today, the nation is actively transitioning toward a highly modernized, automated cross-border trading framework.

By integrating with regional financial hubs like the Tabul system and establishing direct connectivity with prominent foreign stock exchanges such as the Abu Dhabi Securities Exchange, Iraq is building the infrastructure necessary to attract significant foreign capital.

This digital modernization is not merely administrative; it is a foundational step designed to align Iraq’s banking sector with international compliance standards, paving the way for seamless global trade.

A sovereign nation must maintain absolute control over its borders, security, and economic policies to be taken seriously on the global stage.

The establishment of September 30th as Iraq’s Sovereignty Day, marking the withdrawal of U.S.-led coalition troops, serves as a powerful symbol of this newfound self-reliance.

This milestone signifies that Iraq is prepared to assume full responsibility for its domestic security and governance.

In the context of monetary policy, establishing undisputed sovereignty is widely regarded as a vital prerequisite for any permanent adjustment to the value of the Iraqi dinar, as global markets demand stability and political autonomy before recognizing a currency’s true worth.

Meanwhile, the global energy corridor is experiencing its own dramatic realignment, particularly regarding Venezuela’s oil distribution. In a notable shift, Venezuela’s oil exports are increasingly pivoting away from China and toward the United States.

Projections indicate that the United States could secure a commanding majority of Venezuela’s oil exports by 2026. This transition provides the Western hemisphere with immense geopolitical leverage and reshapes regional trade dynamics. The economic revenue generated from these reestablished energy channels could play a major role in funding domestic initiatives, stabilizing regional markets, and shifting the balance of power away from East Asian dominance.

The discussion surrounding a global currency reset, or RV, often suffers from misinformation regarding how such a process is executed.

Rather than occurring as an overnight, uncontrolled event, the transition relies on a meticulous, tiered funding structure.

Under this system, Tier 1 entities, which include governments and central banks, are positioned at the forefront, receiving funding allocations that remain non-liquid until specific global benchmarks are met.

Tier 2 funding is expected to follow shortly thereafter. A critical component of this rollout is the formal introduction and liquidity of the United States Note, which serves as a secure, asset-backed standard necessary to stabilize the global financial ecosystem before public redemption tiers can safely begin.

As Iraq continues its rapid integration into the global economy, the ultimate objective remains the listing of the Iraqi dinar on international foreign currency exchange platforms.

Transitioning the dinar onto the Forex market will mark its evolution into a fully liquid, globally traded currency. This milestone will allow for transparent, real-time valuation and seamless currency conversion, eliminating the reliance on restrictive exchange rates. By establishing a market-driven value for its currency, Iraq aims to foster robust international investment, diversify its domestic economy beyond oil, and solidify its status as a major financial player in the Middle East.

Implementing an entirely new financial architecture requires widespread adoption, which can be difficult to achieve during times of economic normalcy.

Analysts and commentators often discuss the likelihood of a significant, highly visible market catalyst, sometimes referred to as a transition event, to facilitate this shift.

The purpose of such an event would be to highlight the vulnerabilities of legacy banking systems, thereby smoothing the transition toward a more secure electronic banking system. By presenting the new financial framework as a stabilizing solution to temporary market volatility, global authorities can manage the transition in a controlled manner, preventing widespread panic while establishing a more resilient economic foundation.

https://www.youtube.com/watch?v=8FbI8FsdQao

Reset Intelligence: The Summit.

Emailed to Recaps: Thank you David

Reset Intelligence: The Summit.

By Reset Intelligence | @EXIT_FIAT

Everyone who can end this war landed in one city inside the same 48 hours.

Iran's president needed his enemy's visas to get there. Iraq turned the Iranian planes away at dawn.

One city holds the endgame

The 81st UN General Assembly opened its high-level week with Trump on the podium and close to 130 heads of state inside a welded-shut security perimeter. The same day, Trump seats every GCC head of state plus Iraq and Jordan, with Egypt likely, to plan what follows the war. Tehran's 7 conditions are on that table. And Iran's president flies in on visas Washington granted mid-war, his delegation confined to a 6-block radius around the UN building. A combatant that believes its position is strong does not apply to its enemy for travel papers.

The airspace closes while they talk

• September 23 - the US Treasury's worldwide deadline on Iranian aviation: any airport, fueler or ticket platform that services an Iranian airline gets knocked out of the dollar system.

• Iraq - first live test, banning the sanctioned carriers from Tuesday at dawn while Iran Air says it flies to Najaf anyway.

• Turkey - already answered, suspending every Iran route until March 2027.

• Thursday - Xi meets Trump after 8 hours of preparatory talks at JPMorgan's Manhattan headquarters.

• Oil - WTI slid a 4th straight day toward $96, draining the war premium toward the peacetime price already written into Iraq's 2027 draft budget.

Baghdad's quiet counter

CBI Governor Nizar Nasser Hussein put the authority map in writing: new banknote denominations are the bank's decision alone, deleting the three zeros needs a bill through parliament, and a note below 250 dinars is intended. The bank's own news wire showed citizens a neighbor's finished small-note series. The street rate eased to 158,000 to 158,500 per $100 after the bank defended its number by name. And the budget that must carry the dinar's value in law reaches parliament October 15.

That is the short version. What it means for the dinar, the sequence behind it, and the watch list dated by the hour - 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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Bill Holter: Fiat to Fail, US$180,000 Gold Will Look "Laughably Low"

Bill Holter: Fiat to Fail, US$180,000 Gold Will Look "Laughably Low"

Investing news:  9-21-2026

Bill Holter of BillHolter.com believes gold's next leg higher has already begun, and its ultimate catalyst is the financial markets themselves. "I think price wise, we're early, Time wise, I don't think there's a lot of time left before we see the implosion of fiats.

The inverse of that is an explosion of prices of everything down to a stick of gum or a cup of coffee," he said. Holter also explains how a gold price of US$180,000 per ounce could be "laughably low" in the long term.

With decades of experience navigating the intricacies of credit markets and investment management, Holter provided a comprehensive breakdown of the structural vulnerabilities plaguing the international financial system.

His insights shed light on the unseen mechanisms of debt, the historical cycles repeating today, and the critical steps individuals must take to protect their wealth in an era of unprecedented volatility.

At the core of the discussion is the sheer fragility of the global financial architecture, which Holter argues is built on an unsustainable foundation of excessive derivative exposure and mounting sovereign debt. As interest rates remain elevated globally, the cost of servicing this debt has escalated dramatically, placing immense pressure on both public treasuries and private financial institutions.

Holter warns that the complex, interconnected web of derivatives—often described as highly leveraged financial contracts—is highly sensitive to sudden interest rate fluctuations. A disruption in this delicate market could trigger a rapid contraction in credit availability, which would immediately impact the day-to-day operations of businesses and supply chains worldwide.

To understand the severity of the current situation, Holter draws a compelling parallel to the historic market crash of 1987.

During that period, a sudden spike in interest rates combined with excessive leverage and automated trading strategies to trigger a swift, systemic shock.

 Today, however, the scale of leverage and the complexity of the derivatives market dwarf the conditions of the late 1980s. When massive amounts of debt are layered on top of volatile interest rate environments, the margin for error becomes virtually nonexistent.

Consequently, what began as a localized monetary tightening cycle has the potential to ripple throughout the global banking sector, disrupting the essential flow of credit that keeps the real economy functioning.

A key point of confusion for many market participants today is the difference between nominal asset prices and their actual, inflation-adjusted value. Holter emphasizes that while stock indices and real estate values may appear high in paper currency terms, this growth is largely an illusion driven by the devaluation of fiat currency.

 When measured against real-world purchasing power, many traditional assets are actually depreciating. This phenomenon is particularly evident in the precious metals market. Despite marking significant nominal gains, gold and silver remain deeply undervalued when adjusted for the massive expansion of the global money supply, reinforcing their historical role as the ultimate hedges against monetary debasement.

As the traditional financial system faces these mounting pressures, international geopolitical dynamics are shifting rapidly to adapt to a new reality.

One of the most significant developments discussed by Holter is the steady decline of US Treasury dominance on the world stage. For decades, the US dollar and Treasury bonds served as the undisputed foundation of global reserves. However, the rise of the BRICS+ coalition is actively challenging this hegemony.

These nations are moving toward a gold-backed alternative trading system designed to bypass traditional Western financial infrastructure. This shift is further illustrated by longtime US allies, such as Saudi Arabia, reevaluating their economic and military alliances in response to changing global power dynamics.

In response to these systemic challenges, governments and central banks are likely to propose technological interventions to maintain control over the monetary system.

Holter anticipates that central bank digital currencies, or CBDCs, will be introduced under the guise of providing stability, efficiency, and direct assistance to citizens during times of financial stress. However, he cautions that these digital currencies do not solve the underlying problem of excessive debt and currency devaluation. Instead, they represent a mechanism for increased oversight and financial programming. Ultimately, Holter believes such interventions will fail to prevent a natural revaluation of global assets and trade relationships—a process he terms a “mother nature reset.”

For individual savers and investors, navigating this transition requires a fundamental shift in strategy away from traditional paper-based liabilities. Holter advises extreme caution when holding fiat debt instruments, such as long-term bonds, which are highly vulnerable to inflation and default risk. Instead, he highlights the time-tested safety properties of physical monetary metals.

Because physical gold and silver carry no counterparty risk and cannot be printed into oblivion, they represent a tangible store of value that exists outside of the banking system. Preparing for a systemic realignment involves securing tangible assets that can withstand a sudden freeze in credit markets.

As systemic risks continue to intensify, the importance of financial education and proactive preparation cannot be overstated. Understanding the mechanics of debt, leverage, and currency devaluation allows individuals to make informed decisions before market forces mandate sudden changes.

0:00 - Intro

0:55 - Gold has bottomed

3:34 - Next leg up has begun

6:03 - Fed's hands are tied

8:31 - Mother of all bubbles

11:01 - Economy, stock market

14:43 - How to prepare now

18:11 - System reboot ahead

22:01 - US$180,000 gold price?

25:42 - Protect what you have

27:10 – Outro

https://www.youtube.com/watch?v=zKTPLWiw9BE

MilitiaMan & Crew: IQD News & Market Analysis: What You Need to Know Now

MilitiaMan & Crew: IQD News & Market Analysis: What You Need to Know Now

9-22-2026

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

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

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

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

https://www.youtube.com/watch?v=oaBxYdSboZ8