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“An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.” An economic transaction can be seen as the fundamental building block of any market or exchange system. In my opinion, this looks like the IMF gave Iraq the green light to use the IQD in international economic transactions. Lets go Iraq 🇮🇶 Go dinar international Go Open Market economy Go stronger dinar Go $1:$2.56

“Saleh described the current situation as a "prosperous and prosperous era" despite the difficulties facing the regional and global economies.” Letting the world know what is coming to Iraq 🇮🇶 ….. 💵 A STRONGER CURRENCY 💵

Only historic announcement I want to hear from Iraq is how much the new exchange rate is versus the USD.

“In his speech, Al-Hassan affirmed that the meeting precedes «the Arab wedding » represented at the upcoming Arab summit, and marks the beginning of strengthening communication between the Iraqi banking sector and the international community, noting that the economy of any country is not straight without a strong banking sector.” “the meeting comes at a crucial moment in the process of financial and economic transformation in Iraq, and aims to strengthen the banking sector relations with international and diplomatic partners, in order to create an integrated banking environment based on transparency and compliance with international standards“ International banking system >>> International recognized currency >>> Stronger Dinar Go historic announcement Go international Go $1:1+ Lets Go Iraq 🇮🇶

“The mission commended the CBI for the successful transition to the new trade finance system. Trade finance is now fully processed by commercial banks through their correspondent banking relationships. This has also supported the recent decline in the spread between the official and parallel market exchange rates. Nonetheless, further efforts are needed to further reduce the spread, including by imposing Iraqi dinar usage for car and real estate transactions, improving customs controls to curb smuggling, and simplifying FX access.“ Here's a breakdown of how FX access can be simplified: 1. Technology and Platforms: User-friendly trading platforms: These platforms provide intuitive interfaces, making it easier for beginners and experienced traders to navigate the market. Automated trading tools: Tools like limit orders, stop losses, and automated trading bots can help manage risk and automate trading strategies. Mobile trading apps: Allowing traders to access and manage their accounts on the go. 2. Streamlined Compliance and Regulation: RegTech solutions: RegTech companies provide technology to help financial institutions comply with FX regulations. Simplified reporting and documentation: Making compliance processes easier to manage. 3. Reduced Barriers to Entry: Lower minimum deposit requirements: Making it easier for smaller investors to participate. Simplified account opening processes: Streamlining the KYC (Know Your Customer) and onboarding procedures. 4. Improved Customer Service and Education: Dedicated customer support: Providing assistance to traders with questions or issues. Educational resources: Offering tools and guidance to help traders learn about FX trading and risk management. 5. Increased Transparency and Market Efficiency: Real-time market data: Providing accurate and timely information to traders. Improved pricing transparency: Making it easier to understand the spread and other trading costs. By implementing these strategies, the FX market can become more accessible to a wider range of participants, fostering innovation and growth in the industry. Work in Progress >>> Lets go Iraq 🇮🇶

The banking reforms led by the CBI are bringing the parallel market rate for dollars down 🔻 I see progress…….We are getting closer. Let’s go Iraq 🇮🇶

- Arab Summit scheduled to take place in Baghdad in the middle of May - Historic announcement on May 17th - Ending cash transactions in all state institutions starting July 01st - The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks in money transfer operations. We are getting closer.!!!

On the menu, not at the table: Iraq's growing irrelevance in the region Opinion & AnalysisiraqbreakingTrumpUSiranMiddle EastGulf 2025-05-19 / 09:18 Shafaq News / In a region historically shaped by American interventions and shifting alliances, President Donald Trump’s recent Middle East tour has once again stirred debate over Washington’s recalibrated priorities. With high-profile visits to Riyadh, Doha, and Abu Dhabi, Trump unveiled ambitious economic and security plans—but his conspicuous exclusion of Iraq sent a different kind of message. For many observers, Baghdad’s absence was neither a scheduling oversight nor an accident of geography. Rather, it served as a calculated signal from Washington: Iraq is no longer central to US strategy in the region. A Tour Signaling Realignment Billed as both a diplomatic reentry and an unofficial campaign reset, Trump’s visit aimed to deepen ties with key Gulf allies while reviving elements of his foreign policy legacy. Major trade and infrastructure agreements were signed in Saudi Arabia and the UAE, while energy cooperation and regional conflict mediation were the focus in Qatar. US officials traveling with the president described the tour as part of a broader push for “economic stabilization and conflict de-escalation.” Yet, the deeper strategic undercurrent was clear: redrawing regional alignments by focusing on pro-US Gulf states and distancing Washington from actors perceived as unstable or adversarial. The Silence from Baghdad Iraq’s omission stood in stark contrast to its historic status as a pillar of US Middle East engagement. Once a focal point for both military campaigns and democratic nation-building, Iraq now finds itself on the periphery of regional diplomacy. “Iraq doesn't fit the mold anymore,” said Frank Masmar, a policy advisor at the University of Maryland, in an i nterview with Shafaq News. “Trump’s doctrine favors functional allies who offer strategic or economic returns. Iraq is increasingly viewed as a liability rather than a partner.” Masmar noted that Trump’s itinerary was methodically crafted. “The focus was clearly on Saudi Arabia and Qatar as drivers of a new regional dynamic,” he said. “Iraq represents an older era of US involvement—one Trump wants to move past.” He added that Baghdad’s continued entanglements with Iran and its fragmented domestic politics make it an unappealing partner for a US administration prioritizing economic partnerships and streamlined security cooperation. Strategic Message to Iraq’s Ruling Class According to Dr. Ihsan al-Shammari, head of the Iraqi Center for Political Thought, the snub was more than symbolic. “The United States no longer sees Iraq as an autonomous actor,” he told Shafaq News. “It sees Iraq as an extension of Iran’s sphere of influence.” Al-Shammari attributed this perception to Baghdad’s failure to institutionalize sovereignty and chart an independent foreign policy course. “Washington’s frustration is rooted in Iraq’s lack of clarity—its inability to distance itself from Tehran has cost it dearly in regional relevance.” Trump’s longstanding aversion to “endless wars” and his preference for transactional diplomacy made Iraq’s complexity a strategic inconvenience. As Masmar put it, “Trump didn’t want Iraq on the itinerary because it raises difficult questions. The decision was deliberate.” Washington’s Recalibrated Lens Within US policy circles, the shift away from Iraq is increasingly evident. Former American diplomats speaking to Shafaq News said the current approach to Iraq is largely reactive—aimed at damage control rather than partnership-building. Tom Harb, director of the American Mideast Coalition for Democracy, noted that Iraq no longer features in Washington’s core calculations. “It’s not seen as a platform for influence anymore. It’s a cautionary tale,” he said. “That space is now being filled by Saudi Arabia and Qatar.” Harb emphasized that Trump’s foreign policy revolves around clear returns: base access, intelligence sharing, and economic cooperation. “Iraq hasn’t delivered on these fronts. Instead, it’s viewed as a host for Iranian-backed militias that complicate diplomacy and security.” Al-Shammari echoed these concerns, arguing that Washington doubts Iraq’s ability to act independently. “The presence of entrenched, Iran-aligned groups has undermined state authority,” he said. “This erodes trust and narrows Iraq’s diplomatic value.” Regional Conversations Without Iraq Iraq’s absence from high-level discussions on Syria, regional security, and the Abraham Accords further highlights its diplomatic isolation. As the US explores conditional re-engagement with Damascus and works to expand Arab-Israeli normalization, Baghdad remains a bystander. Trump’s meeting with Syrian transitional president Ahmed al-Sharaa—described by Western observers as “historic”—marked a milestone in thawing US-Syria ties after more than a decade. The visit also symbolized a willingness to reward governments that show signs of recalibration. “Syria is being reintegrated. Iraq, paradoxically, is being sidelined,” said Radwan Ziadeh, a Syrian-American academic based in Washington. He noted that while Syria was once more isolated than Iraq, it is now making strides that Baghdad has not pursued. Strategic Costs and Domestic Paralysis Analysts warn that Iraq’s growing irrelevance may soon solidify into a broader regional consensus. Without a decisive pivot away from Tehran and toward independent diplomacy, Baghdad risks entrenching its own marginalization. Dr. Laith Kubba, former Iraqi government spokesman and regional affairs analyst, told Shafaq News that Iraq is drifting toward a “strategic vacuum.” “It’s not fully aligned with Iran, but it’s also not part of the Arab consensus,” he said. “That ambiguity is costly. In moments of regional realignment, countries without clear positions are left behind.” So far, the official Iraqi response to Trump’s tour has been notably muted. Foreign Minister Fuad Hussein welcomed the outcomes of Trump’s Gulf meetings and expressed support for sanctions relief on Syria. Government spokesperson Bassem al-Awadi stressed that Iraq neither requested nor was invited to participate in the meetings, dismissing rumors to the contrary. Some interpret this “shy” response as a careful balancing act—an effort to avoid antagonizing either Washington or Tehran. Others see it as further evidence of Baghdad’s internal dysfunction. “There’s a paralysis in Iraq’s foreign policy,” said Kubba. “It reflects the fragmentation of the political elite, which can’t agree on core national interests—let alone a coherent regional role.” From the Sidelines to Obsolescence? The risk, experts argue, is that Iraq’s passive posture may evolve into permanent irrelevance if its leadership fails to act. As other states in the region redefine their positions and build new alliances, Iraq’s seat at the table is increasingly vacant. “The longer Iraq stays out of these realignments, the harder it will be to reintegrate,” warned Paolo von Schirach, president of the Global Policy Institute in Washington. “In this region, if you’re not at the table, you risk being on the menu.” Reclaiming a meaningful role, analysts contend, will require more than rhetoric. It will demand strategic clarity, sovereignty in decision-making, and engagement that transcends internal divisions. Until then, Iraq may remain on the menu—discussed, evaluated, and acted upon by others—but not at the table where those decisions are made. https://www.shafaq.com/en/Report/On-the-menu-not-at-the-table-Iraq-s-growing-irrelevance-in-the-region

Dinarrock, Progress is forward or onward movement toward a destination. I hope we see a revaluation of the dinar in the next nine months May to Jan 2026 I like $1:1 but the other night a had dreams where I was exchanging my dinar at $2.56 per dinar

“Iraq's position as the third largest economic power in West Asia among Arab countries in terms of GDP, after Saudi Arabia and the UAE, is an indicator of two things: First, the country's accelerating capacity to accelerate development, confirming the unprecedented speed and progress achieved by our country in imposing the great economic and political stability that Iraq has achieved.” “The second aspect relates to GDP, and also confirms, at the domestic level, that our country is an effective economic force in attracting investment opportunities in development areas, provided by the environment of great stability in recent years, towards supporting sustainable development at a faster rate than expected." Iraq is entering a new economic era driven by increasing GDP, the "Development Road" project, and a push for economic diversification. While challenges remain, particularly in private sector development and reliance on oil, ongoing stability and increasing foreign investment offer potential for growth. Go Iraq 🇮🇶 Go international Go stronger Dinar

🤣🤣🤣🤣🤣 I have never heard such a deep story. If his “banking friend” was real, he would not be saying what his job would be while over here. He definitely wouldn’t be in that position long if he had any real knowledge after spilling beans like this. These characters crack me up. I wanna give a shout of thanks to @ronscarpa and @Luigi1 as well. They take time out of their day to bring this gossip over and I appreciate it. I don’t visit these other sites. I get everything I need here on this one. I have seen several posts recently why stuff like this is posted here. It’s simple, they do it for me. 😆😉 besides, this is the rumors section and anything goes. I know it’s not said enough, but Good job you two, keep up the good work!

It was a news article. I don’t read idiot guru stuff. Baghdad Summit from the 12th to the 17th. Historic announcement on the 17th.

I think we all are waiting for the same historic announcement. Go Stronger Dinar Go $1:1

Yes he does exaggerate & even boasts but he still acomplishes things other presidents failed to do. OBiden also exaggerated & boasted yet he accomplished nothing but nation destroying.

We will see more of this as the election draws near. Expect Maliki himself to start raising more of a fuss. Him and his Iranian coalition are the reason Iraq hasn’t fully recovered. It is time they are all taken out to the field and allowed to push up daisies.

Here's an article of GCR-NESARA interests... MMCGA: Make The Middle Class Great Again. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: Re-Building The Middle Class. ARTICLE: Trump specifies whose taxes will be lowered or eliminated after new tariffs. Trump says income tax cuts & perhaps elimination, coming due to tariffs. 'Focus will be on people making less than $200,000 a year,' he noted. President Donald Trump said that some people's income taxes will be lowered or perhaps even completely eliminated due to tariffs. "When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than $200,000 a year," he declared in a post on Truth Social. "Also, massive numbers of jobs are already being created, with new plants & factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!" the president added. TRUMP SAYS THERE'S A ‘REAL CHANCE’ TARIFFS COULD REPLACE INCOME TAX. The president discussed income tax and tariffs while speaking to reporters on Sunday. "And eventually we'll be reducing taxes very substantially for the people of our country, because the money is so great coming in from tariffs that I'll be able to reduce taxes … to a very large extent & maybe almost completely," he said. TRUMP PROPOSES ABOLISHMENT OF FEDERAL INCOME TAX, BRINGING US BACK TO ‘RICHEST PERIOD’ IN HISTORY. "And it's possible we'll do a complete tax cut, because I think the tariffs will be enough to cut all of the income tax," he noted. The president indicated Americans will be given "a tremendous tax cut," starting "with people making less than $200,000 Dollars a year." TRUMP KICKS OFF WHIRLWIND WEEK MARKING HIS 100TH DAY BACK IN THE OVAL OFFICE. Trump, who will mark the 100-day milestone of his 2nd term in office this week, is slated to hold a rally in MI on Tuesday.

After July 1 not before. As once they stop all cash transactions they time to recuperate the hard currency to destroy it so new denominations can enter the market starting next year. That is part of the plan. If they remove the zeros they have to remove the current notes. To do that they need to get a hold of your mattress money. While I make fun of the mattress money, there is a logical reason behind it. Iraq already has the new denoms printed without the zeros (as has been posted on here before) that they need to collect all the circulating notes, or most. Don't despair as hard currency will never disappear no matter how hard they try. While they talk about the Law of Supply and Demand, keep in the back of your head, that they are really setting themselves up to 1) go digital and 2) put their currency on the world market. Bartering with commodities liike currency has existed since the beginning of man and will do so until the second to last man is no longer around. Me I believe while they are trying to go digital, after the RV it will be a blended payment system at the retail level like in the United States and elsewhere. You will be able to use a digital wallet which is safer for carrying large sums of money but there will always be those who do not trust digital (mainly older individuals like your seniors) and those who fully embrace it (the younger generation). And there will be those who are in the middle. Until it is only the younger generation a full 100% digital payment system at the retail level will not happen, imo. You can consider this as grooming for the digital currency age.

I have been ready for 16 + years. Now is as good as time as any.

The Iraqi Special Banks Association organized a meeting that included Arab and foreign ambassadors, representatives of international organizations operating in Iraq, and Iraqi banks, in the presence of the Iraqi Central Bank. The meeting was attended by the Special Representative of the Secretary-General of the United Nations in Iraq and head of the Yonami Mission, Muhammad Al-Hassan; Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad, and Regional Director of the World Bank, Jean Christophe Carre; Head of the European Union Mission in Iraq, Thomas Ziller; Representative of the United Nations Office on Drugs and Crime, Ali Al-Birer; Besides the ambassadors of Britain, Germany, Germany, Kuwait, and the Emirates. In his speech, Al-Hassan affirmed that the meeting precedes «the Arab wedding » represented at the upcoming Arab summit, and marks the beginning of strengthening communication between the Iraqi banking sector and the international community, noting that the economy of any country is not straight without a strong banking sector. He also thanked the Association of Iraqi Private Banks for organizing the meeting, appreciating the positive interaction of the ambassadors. For his part, the President of the Association of Iraqi Private Banks, Wadih Al-Hazal, explained that the meeting comes at a crucial moment in the process of financial and economic transformation in Iraq, and aims to strengthen the banking sector relations with international and diplomatic partners, in order to create an integrated banking environment based on transparency and compliance with international standards, And able to support sustainable development, stimulate investment and serve groups not covered by banking services. «We believe that the consolidation of bridges of trust with the international community begins with constructive dialogue and mutual cooperation. From this standpoint, the Iraqi banking sector continues its established partnerships with your prestigious financial institutions, in an effort to open wider horizons for investment and promote stability and shared prosperity ». He also expressed sincere thanks and appreciation to Dr. Muhammad Al-Hassan for his great efforts in mobilizing international support to enhance stability inside Iraq, support reform paths, and establish human rights principles and good governance. Al-Hazal indicated that Iraqi banks look forward to direct dialogues with the banks of your countries, under the auspices of the United Nations, to open new partnerships that serve the economy of Iraq and your economies, by expanding correspondent accounts, financing development projects, promoting digital transformation, issuing green bonds, and attracting promising investments to deepen sustainable stability. The Executive Director of the Iraqi Private Banks Association, Ali Tariq, presented a presentation of banking developments in the country, explaining that the volume of deposits amounted to 120 trillion dinars, while the volume of credit reached 73 trillion dinars, and the volume of electronic payments increased from about one billion dollars annually to about 17 billion dollars during In the year 2024. https://www.economy-news.net/content.php?id=55194#hathalyoum

“The Grand Faw Port is one of Iraq's largest infrastructure projects and is expected to become a major regional maritime trade hub, significantly contributing to economic growth and strengthening Iraq's trade links worldwide.” Go international Go trade Go stronger dinar Go $1:2.56

Iraq will be the HUB of the Silk Road project. I see Progress… I see a stronger dinar

I think they are waiting for the IMF to give them the green light My hopes are high for the historic announcement coming on May 17 where all leaders of the Arab world are going to be present in Baghdad. Go RV Go soon Go $1:1+

Al-Janabi added that the summit will begin on the 12th of next month with a meeting of senior officials from the Arab Economic and Social Council. The meeting of Arab trade and economy ministers will be held the following day, followed by a meeting of permanent representatives, followed by Arab foreign ministers. A day will be allocated to receive Arab leaders, who will meet on the 17th of May in Baghdad to approve the summit’s agenda, with speeches from all Arab countries. After that, the Baghdad Declaration will be delivered, which will be historic amid the difficult circumstances our Arab nation is going through. Go historic announcement Go $1:1+

Another thing . . . Jim Rickards (look him up) recently said Trump will release $150 trillion that has been hidden. We know the gold that was retrieved from the Vatican and London City. Took 650 planes to bring it here. We also know the $21 trillion that Rumsfeld misplaced at the Pentagon. It will be Biblical.

Personally I think DJT is just giving Iraq a "preview" of what "could" happen if they don't get their shi'ite together...NOW! RV already dagnabit!

Should come as no surprise to any Iraqi. If they feel left out or even shunned, they have to understand this is not your typical U S. politician. This is a President that campaigned on rooting out corruption and deeply entrenched bureaucracy. If they want to impress and get in the Donald's good graces they might put on a Doge show of their own.

Central Bank of Iran: Removing four zeros from the national currency is at the heart of the action plan for this year. Time: 2025/05/12 15:19:38 Read: 2,280 times Central Bank of Iran: Removing four zeros from the national currency is at the heart of the action plan for this year. {International: Al Furat News} The Governor of the Central Bank of Iran, Mohammad Reza Farzin, announced that removing four zeros from the national currency is one of the bank's priorities this year. Mehr News Agency reported that during a specialized session on "Strengthening Monetary and Banking Governance and Investment in Production," Farzin noted that the Central Bank is seriously pursuing the country's monetary system reform program this year, explaining that removing four zeros from the national currency is one of the key measures included in the action plan. Farzin added that the policy of controlling the growth of banks' balance sheets will continue, with the aim of curbing inflation and increasing liquidity. He emphasized that removing the four zeros from the national currency is part of the monetary system reform program, which is being seriously pursued. The Central Bank Governor also noted that developing and issuing various types of monetary policy instruments, including deposit paper and inflation-protected securities, is among the bank's major objectives. He also emphasized that a special production account will be established to support the economy's productive sectors in a targeted manner. alforatnews.iq المركزي الايراني: حذف أربعة أصفار من العملة الوطنية في صميم خطة العمل للعام الجاري دولية الفرات نيوز أعلن رئيس البنك المركزي الايراني، محمد رضا فرزین، أن حذف أربعة أصفار من العملة الوطنية يُعتبر من الأولويات التي يسعى البنك لتحقيقها هذا العام Copied from another site. Go RVVVVVVVVVVVVVVVVVVVVV All reaction

One of DV'finest .....SDG .. @Shedagal...mentioned me here so I thought it would be good to follow up. Of course no one knows dates or rates..but we all have thoughts. Speculation on dropping the 3 zeros, on either end, result in a rate of $.76 cents or $1.17... With the general trade in Iraq over the past 20 years being done in a value equivalent to the USD... $.76 cents would be a downgrade. On the other end would that additional 17 cents for a rate of $1.17 be enough of an incentive to pull that IQD out from under the mattress? So go to history.....the value was $3.22 at the time the US pulled the plug on the IQD. So an RI.....(or reinstatement) would be indicative of that amount....perhaps even more if you add on some for inflation. So let's look at that $3.22....where did that come from? In 1959 the IQD PEG was switched from the Sterling to the USD on a 1-1 swap...leaving it at value of $2.80 USD to 1 IQD.... That was the value until 1971 when Nixon placed the US on the FIAT system...moving away from the gold backed program. Along with that there was also a 5% devaluation of the USD...which Iraq did not implement creating a higher value for the IQD. In 1973 there was a 10% devaluation of the USD which once again Iraq did not follow bringing the IQD value up to $3.37 USD to 1...IQD Iraq followed later with their own 5% devaluation leaving them at $3.22. Many seem to think the individual investors are a big players in these proceedings...I don't. When, if ever, was the last time there was talk around the water cooler about the IQD?...how about within your circle of friends? IQD believers are a select group. Additionally the IQD is part of something much larger....("it's all connected ")...now where have I heard that before?? World finances are changing before our eyes. My belief is the IQD will reinstate in the $2.60 range....which I believe is a fair market value. This rate would be incentive enough for all Iraqi citizens to jump on board and create a new national pride within the country. I don't think that figure is high....I believe it will float higher until some equilibrium of true value is reached. Just my thoughts. CL

The agenda for the Arab Summit in Baghdad was revealed, along with a "historic announcement." Time: 2025/04/23 10:41:34 Read: 3,090 times {Political: Al Furat News} A senior Iraqi diplomat revealed the agenda for the Arab Summit scheduled to take place in Baghdad in the middle of next month. Iraqi Ambassador to Egypt Qahtan al-Janabi said in a press statement that "the most important items to be discussed are those related to the Arab Summit, which will be held in Baghdad in the middle of next month, and the preparations made by the Iraqi government to receive the Arab leaders." He pointed out that "Iraq is fully prepared to receive the delegations participating in the regular and development summits." Al-Janabi added that the summit will begin on the 12th of next month with a meeting of senior officials from the Arab Economic and Social Council. The meeting of Arab trade and economy ministers will be held the following day, followed by a meeting of permanent representatives, followed by Arab foreign ministers. A day will be allocated to receive Arab leaders, who will meet on the 17th of May in Baghdad to approve the summit’s agenda, with speeches from all Arab countries. After that, the Baghdad Declaration will be delivered, which will be historic amid the difficult circumstances our Arab nation is going through. The agenda of the current session includes several main items, including a number of political, economic, social, legal, financial and administrative issues, the most prominent of which is the item of joint Arab action, which includes the report of the Secretary-General of the Arab League between the two sessions (162) and (163), and the draft agenda of the regular Arab Summit in its (34) session, scheduled to be held in Baghdad on the 17th of next month. The draft agenda also includes an item on the Palestinian issue and the Arab-Israeli conflict. This item includes several headings, including following up on the political developments in the Palestinian issue and the Arab-Israeli conflict, activating the Arab Peace Initiative, Israeli developments and violations in occupied Jerusalem, supporting the budget of the State of Palestine and the steadfastness of the Palestinian people, Arab water security and Israel’s theft of water in the occupied Arab territories, and the occupied Syrian Golan Heights. The meeting will also discuss a number of standing items related to Arab affairs and national security, including developments in Libya, Yemen, Sudan and Somalia, solidarity with Lebanon and developments in Syria. https://alforatnews.iq/news/الكشف-عن-جدول-اعمال-القمة-العربية-في-بغداد-وإعلان-تاريخي

I am on the precipice of a new personal economic era iff Iraq can get over the cusp and start down the other side.

“Political and cultural circles in Iraq believe that Baghdad's hosting of the Arab Summit carries a powerful message affirming Iraq's return to its natural place at the heart of the Arab world and reflects the Iraqi people's aspirations to play a constructive role in strengthening Arab unity and solidarity.” The 36th Arab League Summit, to be held in Baghdad holds significant importance as it marks Iraq's renewed leadership role in the Arab world and its commitment to shaping regional consensus. The summit will focus on key political and economic issues, as well as recent developments across the region, highlighting the need for coordinated Arab responses to ongoing challenges. Lets Go Iraq 🇮🇶 Go leadership role Go Stronger dinar

The Central Bank's trilogy curbs the parallel market. The dollar drops to a historic low for the first time since 2022. Reports Economy News - Baghdad The Iraqi dinar has seen a significant improvement in its value against the US dollar in Iraqi markets over the past few weeks, with the hard currency declining for the first time since 2022, reaching 141,000 per $100. Before Ramadan, the dollar exchange rate hovered around 150,000 dinars per $100. During Ramadan, the dollar exchange rate remained relatively stable at around 147,000 to 149,000 dinars per $100. However, with the beginning of April, coinciding with Trump's announcement of a tariff war, the dollar exchange rate in Iraq declined rapidly, reaching 142,000 dinars per $100 today. This improvement was driven by a package of monetary and regulatory policies that succeeded in reducing demand for foreign currency through informal channels. In this context, the Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, identified three main factors that contributed to curbing the parallel market and strengthening the dinar. In an interview with Al-Eqtisad News, Saleh said that the Central Bank of Iraq has succeeded in meeting the dollar needs of major traders by strengthening national banks' reserves with their foreign correspondents, which are highly rated (AAA) banks, and by beginning to use alternative currencies such as the Emirati dirham, the euro, and the Chinese yuan in banking operations, especially with Iraq's main trading partners such as Turkey, the UAE, and China. This approach has contributed to accelerating remittances and reducing reliance on the parallel market. Small businesses accounted for approximately 60% of private sector trade in Iraq. Supported by new government measures, this category of traders was facilitated to access dollars directly through Iraqi banks, eliminating the need for expensive intermediaries. This contributed to absorbing a significant portion of the parallel demand for dollars. Saleh noted that travelers are now able to obtain dollars at the official exchange rate (1,320 dinars per dollar) using electronic payment cards, in addition to the ability to obtain $3,000 in cash per month through official airport outlets, significantly reducing their reliance on the black market. Saleh emphasized that several supporting factors also contributed to reducing pressure on the dollar in the parallel market, including stricter legal procedures for dealing in dollars outside the banking system. This prompted individuals to avoid the legal risks associated with the black market and turn to gold as a savings instrument, due to global dollar fluctuations and concerns about the future of paper currency. Al-Sudani's advisor pointed to the increasing demand for government bonds with attractive semi-annual returns, which have become a reliable tool for preserving value, away from speculation in the foreign exchange market. He also emphasized the success of hypermarkets in stabilizing the prices of basic commodities, which has weakened the impact of the parallel market on citizens' livelihoods and contributed to overall economic stability. Concluding his remarks, the Prime Minister's advisor noted that demand for gold has reached a historic peak, driven by growing concerns among Iraqis about the possibility of the US Federal Reserve canceling or reducing some paper dollar denominations in the future. This has prompted citizens to diversify their savings away from the US currency. In addition, economic expert Manar Al-Abidi identified a number of other reasons that led to the decline in the dollar's price locally. Al-Obaidi told Al-Eqtisad News that the primary reason for the dollar's decline is a decline in demand on the parallel market, coupled with a significant increase in the supply of hard currency, both from domestic and foreign sources. He explained that this new balance has helped narrow the gap that has long separated the official exchange rate from the parallel market rate. Among the notable changes, Al-Obaidi points to the declining confidence of many local investors in the dollar as a savings instrument, due to expectations of a decline in its value against gold. This trend has prompted a large segment of citizens to exchange dollars and purchase gold, increasing the dollar money supply in the local market. In contrast, other sources have contributed to the increase in dollar supply, most notably remittances and foreign investments, particularly those related to international companies operating in Iraq. According to Al-Obaidi, these inflows are no longer solely linked to oil revenues, but rather come from additional channels that have helped ease pressure on foreign currency. In a remarkable monetary measure, the Central Bank of Iraq (CBI) reduced the dinar money supply by more than 6 trillion dinars over the past six months, declining from 104 trillion to approximately 98 trillion dinars. This contraction helped raise the relative value of the dinar against the dollar, placing additional pressure on the parallel market. Regarding trade, despite a 6% increase in imports from China, Iraq's imports from major countries such as India, Turkey, and the United States saw a significant decline. Upcoming figures are also expected to reveal a decline in imports from the UAE, which accounts for 30% of Iraq's total imports. This reflects a decline in overall demand for the dollar due to the contraction in trade activity. Al-Abidi also points to the expansion of channels for accessing dollars at the official exchange rate, through bank cards, official money transfers, and direct transfers, which has prompted many merchants and individuals to move away from the black market. In addition, regional conditions played a significant role in easing pressure on the dollar. The deteriorating economic situation in Iran led to a decline in demand for goods imported from Iraq, which were re-exported there. The cessation of trade with Syria also contributed to the decline in import demand. Al-Obaidi also points to a decline in the trade in smuggled oil and prohibited goods, which used to rely heavily on dollar-denominated transactions on the parallel market. These activities have recently been curtailed through strict security and banking measures. Al-Abidi believes that the continuation of these trends could push the dollar to levels close to 1,395 dinars in the coming period, barring any sudden developments in monetary policy or regional balances. 292 views Added 05/08/2025 - 2:09 PM https://economy-news.net/content.php?id=55258

“Our dinar continues to recover until it reaches the official price” The question is; What the CBI will do when it reaches the official price? Remove exchange controls? Delete 000 project? We wait…. We are getting closer. Lets go Iraq 🇮🇶 Go stronger dinar

Trump going to the Middle East is worrisome because we all know Iran wants him dead. We need to pray for his safety. Hopefully Trump will be smart and not take anything from these folks and stay his course for his safety. Trust no one!

I remember they talked about a Historic announcement on the 17th. Go Iraq 🇮🇶

They should just announce work days that interrupt vacation schedules at this point.

“At the time of the Sudanese preparation for the Arab summit The Iraqi government announces its bankruptcy and authorizes the Minister of Finance, a Sami spectrum to withdraw the tax trusts of more than 3 trillion to pay the salaries of the month of April. The government announces its bankruptcy and authorizes the Minister of Finance to withdraw tax trusts to pay the salaries of its employees” Keep calm when things don’t go according to your expectations. Beautiful things always meet friction. Go new monetary policy Go Gold standard Go stronger dinar Go $1:1+

this tells me RV is coming....last time they signed big oil deals and contracts for power plants etc and to rebuild and expand cities was back in 2012-2013 when they were talking about deleting zeros and Revaluing in 2013.....I believe the arab summit could be a big deal with them confirming their commitment hence why wee are seeing the signing of big contracts!

Great news.!!! A quantum leap in the Iraqi payment system. Iraq continues moving forward with e-banking reforms.Showing the world that they want to part of the international financial system. Getting ready for an open market economy.! Go Iraq 🇮🇶 Go international Go open market economy Go stronger dinar

Not too far away, in the next 9 months…. Just my opinion based on the latest news. hope I’m right 🤞🏼

Fact Sheet: The Strategic Framework Agreement and the Security Agreement with Iraq The United States and the government of Iraq have negotiated two historic agreements: a Strategic Framework Agreement (SFA) that covers our overall political, economic, and security relationship with Iraq, and a Security Agreement – otherwise known as the Status of Forces Agreement (SOFA) – that implements our security relationship. Both agreements protect U.S. interests in the Middle East, help the Iraqi people stand on their own, and reinforce Iraqi sovereignty. The SFA normalizes the U.S.-Iraqi relationship with strong economic, diplomatic, cultural, and security ties – and serves as the foundation for a long-term bilateral relationship based on mutual goals. The Security Agreement guides our security relationship with Iraq and governs the U.S. presence, activities, and eventual withdrawal from Iraq. This agreement ensures vital protections for U.S. troops and provides operational authorities for our forces so we can help sustain the positive security trends as we continue to transition to a supporting role. The Success Of The Surge And The Courage Of The Iraqi People Set The Conditions For These Historic Negotiations The sustained security gains and increasing capacity and confidence of the Iraqi government and the Iraqi Security Forces are reasons the United States and the Iraqis were able to negotiate these agreements. These Agreements are what our troops have been fighting for and working toward: the moment when Iraqis could begin taking responsibility for security and governance on their own – something they could not have done two years ago. To Ensure That The Security Agreement Is Consistent With The Capacity Of Iraq's Security Forces, The Dates Included In This Agreement Were Discussed With The Iraqis, General Petraeus, And General Odierno – They Allow For The Continued Transition Of Security Responsibilities To The Iraqis As we further transition security responsibilities to the Iraqi Security Forces, military commanders will continue to move U.S. combat forces out of major populated areas so that they are all out by June 30, 2009. The Security Agreement also sets a date of December 31, 2011, for all U.S. forces to withdraw from Iraq. This date reflects the increasing capacity of the Iraqi Security Forces as demonstrated in operations this year throughout Iraq, as well as an improved regional atmosphere towards Iraq, an expanding Iraqi economy, and an increasingly confident Iraqi government. These dates therefore are based on an assessment of positive conditions on the ground and a realistic projection of when U.S. forces can reduce their presence and return home without a sacrificing the security gains made since the surge. The Security Agreement Will Protect The United States And Our Troops And Incorporates The Visions Of An Independent And Bipartisan Commission U.S. soldiers and civilians on the ground will continue to have uninterrupted and essential protections while serving in Iraq. Our troops will also continue to have essential operational authorities to sustain positive security trends seen in Iraq over the past year. The Security Agreement also reflects the Baker-Hamilton Iraq Study Group’s recommendation that the Security Agreement include authorities for the United States to continue fighting al Qaeda and other terrorist organizations in Iraq, continued support for Iraqi Security Forces, and political reassurances to the government of Iraq. These Agreements Will Advance A Stable Iraq In The Heart Of The Middle East The SFA and Security Agreement with Iraq move us closer to the strategic vision we all hope for in the Middle East: a region of independent states, at peace with one another, fully participating in the global market of goods and ideas, and an ally in the War on Terror. The SFA implements the Iraqi and U.S. desire for a long-term relationship based on cooperation and friendship as set out in the Declaration of Principles signed in November 2007. The SFA also includes commitments on: Defense, security, law enforcement, and judicial cooperation and development. Further improvement of political, diplomatic, and cultural cooperation. Economic, energy, health, environment, technology, and communications cooperation. Joint Coordination Committees to monitor the implementation of the SFA. The SFA and Security Agreement do not tie the hands of the next President. This package provides a solid foundation for the next President to pursue a full range of policy options with Iraq. The SFA And Security Agreement Are The Final Steps In Iraq's Request For Normalized Relations In a Communiqué issued on August 26, 2007, Iraq’s five principal political leaders – Prime Minister Maliki, President Talabani, Vice Presidents Hashimi and Abd al-Mahdi, and Kurdistan Regional Government President Barzani – requested an end to Chapter VII status under the U.N. Security Council and the establishment of a long-term relationship with the United States. This led to the U.S.- Iraq Declaration of Principles signed on November 26, 2007, which laid out a "table of contents" that the United States and Iraq would discuss in official negotiations. Bilateral negotiations began in earnest in March 2008. The SFA and Security Agreement, which are the result of the Communiqué and the Declaration of Principles, were approved by the Iraqi Cabinet and the Council of Representatives on November 27, 2008. On December 4, Iraq’s three-person Presidency Council endorsed the COR’s vote. # # #

Trump: “It’s possible we’ll do a complete tax cut because I think the tariffs will be enough to cut all of the income tax.” I think Trump is strategic enough to implement Nesara right before the RV.

If trump pulls this off , Americans will be the envy of the world

Luigi's two cents worth... We need this RV...here's why... A return to the former ER is part of the EO 13303, Strategic Framework To Rebuild Iraq. The Paris Agreement to forgive Iraq's debts is also part of the return to the former pre-war ER. It will happen. It's just a question of when. IMHO.

Some Iraqs might disagree with you...

Hope you are right LB. 🤞

The timing of this article is interesting. Especially the “to support the use of the Iraqi Dinar in economic transactions to maintain the stability of the local currency.” So, they support toilet paper then?

Thank you guys.! GO RV GO $1:1+

“the improvement in the Iraqi dinar's exchange rate against the dollar in local markets is due to the central bank's recent policy.” Go CBI Go new monetary policy Go stronger dinar Go $1:1+

Interesting to see a Iraq cleric and politician head of the national wisdom movement telling the citizens to deposit their money in Iraqi banks. He knows something we don’t know. Go Iraq 🇮🇶 Go international Go stronger dinar Go $1:1