Nightly Reminder..

W.H.G.

Apple opens Advanced Manufacturing Center in Houston - Apple
https://www.apple.com/newsroom/2026/08/apple-opens-advanced-manufacturing-center-in-houston/

SEC cancels long-awaited proposal of Reg Crypto, postponing meeting without new date

The first major crypto rule to be proposed by the U.S. Securities and Exchange Commission will have to wait a bit longer after a sudden postponement.

JPMorgan shuttered its banking relationship with predictions platform Polymarket: FT

According to Financial Times, JPMorgan ended its banking relationship with Polymarket in late 2025 over regulatory concerns.

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IRAQ 🇮🇶 AND ITS POSITIONING FOR THE REVALUATION OF THE IQD:
•Formal ending of the traditional dollar auction system was enacted around the beginning of 2025.
•Growing linkage with customs modernisation (ASYCUDA).
Access to official-rate financing is increasingly tied to proper customs declarations and advance duty payments, reducing the ability to use fictitious invoices.

These changes initially caused disruption (trade shifts, temporary spikes in the parallel rate) as non-compliant demand was squeezed out.

Over time, as more trade moves into formal channels and correspondent banking matures, the gap between official and parallel rates has narrowed in periods of successful enforcement.

Current policy stance and tools
•Defend the official rate as the primary anchor; the CBI has publicly denied rumours of devaluation (e.g., to 1,600).
•Meet legitimate demand for dollars (imports, travel, personal transfers) through regulated channels.
•Reduce the parallel premium by formalising trade, improving banking compliance, and curbing dollar smuggling/outflows.
•Maintain large foreign reserves (reports indicate they have exceeded $100 billion at times), giving the CBI capacity to defend the rate.

Cash dollar sales continue for specific purposes (e.g., travellers), subject to limits and documentation.

Electronic payments and multi-currency correspondent channels (euro, yuan, dirham, etc.) have been expanded for trade with major partners.

Iraq’s Link to ASYCUDA and the broader implications of this move:

ASYCUDA strengthens the exchange-rate regime by making it harder to finance informal or undervalued imports through official channels.

When Kurdistan Region crossings are fully integrated under the recent 50-50 revenue agreement, a larger share of northern trade should enter the formal system.

This is expected to reduce excess parallel-market dollar demand from traders and support convergence of the market rate toward the official rate—provided enforcement remains consistent.

In summary:
The CBI runs a managed peg financed by oil dollars.

The old auction window has been replaced by a compliance-driven system routed through commercial banks and correspondent relationships.

Success depends on keeping legitimate trade inside formal channels while starving illicit demand.

The official rate remains the policy anchor; the parallel rate is a residual market that shrinks when formalisation (including customs digitisation) advances and expands when restrictions or loopholes push activity outside the system
ASYCUDA IS THE KEY TO CONTROL

3: IN SHORT :
🔥 ASYCUDA Deal DONE
Erbil + Baghdad lock in 50-50 customs split
No more major obstacles.
Formal trade is expanding.
Parallel rate pressure is next.
IQD holders… this one actually matters.
#IQD #IraqiDinar #CBI #ASYCUDA

🚨 Big one for IQD holders
Kurdistan ASYCUDA fully cleared
50-50 revenue split agreed
Traders get pushed into official channels.
Parallel market loses another loophole.
Watch closely.
#IQD #IraqiDinar

Is this the one that finally starts squeezing the parallel rate?
Erbil-Baghdad just sealed the ASYCUDA + 50-50 customs deal.
No obstacles left.
What do you think this means for IQD? 👀
#IQD #IraqiDinar #CBI

ASYCUDA is live across the board.
50-50 split locked.
Another major door just closed on the parallel market.
IQD HODLers — this is structural.
#IQD #IraqiDinar

Bill Gates’ daughter may face 20 years in prison

Phoebe Gates’ startup Phia is accused of ‘cookie stuffing,’ a form of affiliate marketing fraud
@MTodayNews