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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 3-16-2025 Militia Man They're somewhere around 2.5% to 2.8% inflation, which is historically low in all of the Middle East. Having the dollar reserves, having the gold reserves and having low inflation are key components to a revaluation. They have well over what is required by the IMF. They've got 3x to 5x the reserves necessary to support the value of their currency. 3-16-2025 Frank26 [Iraq boots-on-the-ground report] FIREFLY: As soon as the budget reaches the council and it will submit a report to the presidency of parliament in this regard. FRANK: First it's going to the COM! What did I say? Who should be the last? And when? 3...2...1...now! The last nanosecond. This going to the COM first Sudani? Yes. The COM, your Council of Ministers, is going to review every penny of this budget? Yes. Then it's going to parliament? Yes. So they can't screw around with it by then because then it becomes official right? Yes. 3-16-2025 Sandy Ingram Zimbabwe has pulled a fast one on the global stage. The new gold backed zig is worth 8 cents. We can only hope that one day soon Iraq will have the same value or more. Zimbabwe is pulling a "Switzerland" on the global economy, meaning it is making its currency difficult to obtain. 3-16-2025 Samson Article: "The Treasury is anticipating a parliamentary warning to Rafidain Bank of strict US sanctions." 3-16-2025 Fnu Lnu There is no such thing as a "Redemption Center" and everyone will get exactly the same rate unless you have a pre-2011, October, private contract.8 points
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Go Regime change in Tehran !!! .......................... The Mullahs have big turbans but no camels .................. US President Trump will not let Tehran or the radical Mullahs dictate reality in the Middle East ............... Just sayin' ..........................8 points
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The Iranians are working their way to the top of President Trumps list of things to do. We seen the strikes Yemen yesterday. I saw Pete on TV this morning saying that these terrorist are going to get a steady diet of these new bombs. He said that they received reports from Yemen those bombs were so powerful it felt like an earthquake. President Trump said that ol Iranian Emon or whatever he is called is ignoring the letter President Trump sent him! I will say he’s making a very bad error in judgment! I hope President Trump turns Iran into a glass factory! Case closed!8 points
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Well if it helps collapse the parallel market... LETS GO!!6 points
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 3-16-2025 Clare Article Quote: "The Governor of the Central Bank, Ali Al-Alaq, said...there is frequent confusion between the position of the Central Bank, which is a completely different situation from the financial situation related to the financial policy in the country or the Ministry of Finance, indicating that the Ministry of Finance's revenues are based in dollars through Iraqi oil sales in the global market. Al-Alaq stressed that the Central Bank deals in Iraqi dinars for all amounts it receives in dollars, and this is very available under any circumstances, calling for distinction and separation between the financial situation at the level of the government and the Ministry of Finance, and the availability of cash at the Central Bank of Iraq." 3-17-2025 MarkZ From Iraq Article: “Will the Coordination Framework collapse in the face of a potential Sadr/Sudanese alliance?” This is actually a good thing for us. These were two blocs that did not work together before…but now they are working together. What are they working towards? They want to make the political system in Iraq work much better. And they are removing the influence of Iran and Maliki. We are seeing things they have been talking about for 20 years happening now. 3-17-2025 Tishwash Article: "To reduce speculation, a Sudanese advisor reveals a new monetary strategy" Quotes: "this strategy focuses on expanding the base of buying and selling foreign currency at fixed and stable rates, in line with the current monetary policy."; "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards."6 points
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3-16-2025 Fnu Lnu There is no such thing as a "Redemption Center" and everyone will get exactly the same rate unless you have a pre-2011, October, private contract. Spot on. Now please somebody tell the Goose there are no redemption centers & no special Yellow Dragon rates.6 points
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These are the same people who saw no tanks rolling into Baghdad on a split screen as tanks rolled into Baghdad.6 points
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regardless of all the negative nellies, i feel this ride is coming to the end, rill on end of march early april!6 points
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Incredible...now we have "the coming years" 🤣 I hope you older folks like me (what just turned 70) have made provisions in your will to have the IQD doled out to your Grandkids... providing they'll be alive to take advantage of the RV: if not they'll leave it to their children putting a possible RV approximately 100 years from now. Got into this when I was 49 🤣 There comes a day when your sense of humor turns into Barking Mad...6 points
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Clare Article Quote: "The Governor of the Central Bank, Ali Al-Alaq, said...there is frequent confusion between the position of the Central Bank, which is a completely different situation from the financial situation related to the financial policy in the country or the Ministry of Finance, indicating that the Ministry of Finance's revenues are based in dollars through Iraqi oil sales in the global market. Al-Alaq stressed that the Central Bank deals in Iraqi dinars for all amounts it receives in dollars, and this is very available under any circumstances, calling for distinction and separation between the financial situation at the level of the government and the Ministry of Finance, and the availability of cash at the Central Bank of Iraq." Yet another prime example of why Iraq must get off of the oil-based economy & diversify & its dependence on the Dollar. IMHO.5 points
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 3-16-2025 Clare Article: "Iraqi forces kill "deputy caliph," one of the world's most dangerous terrorists" Quote: "al-Sudani, announced on Friday the killing of the so-called "deputy background operative" of ISIS and one of the most dangerous terrorists in Iraq and the world." 3-16-2025 Militia Man If they change the value of their exchange rate and they go into the international Forex they're not going to do it at 1310. If they were going to do it at 1310 as it is today they would have already done it but they haven't. It's that simple. 3-16-2025 MarkZ Article: “Iraq forces kill “Deputy Caliph” one of the world’s most dangerous terrorists” This is big. I was told by intelligence from US sources that this is an enormous blow to Isis. This is a big win to help build stability – especially in the northern region of Iraq. 3-16-2025 Frank26 Iran is the reason why we don't have purchasing power. Iran's policies have constantly been the thieves through the auctions of the CBI of Iraq. Iranian politicians in Iraq's parliament, Iranian media owners of television and newspapers inside of Iraq have been the reason why there's no purchasing power in the country of Iraq. They steal everything. 3-16-2025 Clare Article: "Iran issues new 200,000 toman banknote" Quote: "Iran is witnessing an unprecedented surge in popular protests, with the economic situation worsening and the national currency collapsing to record lows. The US dollar has reached 95,300 tomans, while the price of a gold bar has exceeded 79 million tomans. This decline in the currency's value follows statements by Iranian Supreme Leader Ali Khamenei, in which he reiterated his rejection of negotiations with the United States, leading to heightened uncertainty in the markets."5 points
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just emailed my broker to ask the about this, i tried to trade online last night and could not I believe market was down, so either my broker is updating software or the isx was so emailed to ask them.5 points
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The Good Lord Jesus knows we can’t be the stewards He’s called us to be, in our present financial situation, here at the end of the age! He says there is going to be a mighty harvest of souls here at the end of this age. We need to be able to support His Pastors Evangelist and Teachers in their work to Harvest as many souls as they can. We need to be in a financial position to show the lost and hurting people the Love of our Good Lord Jesus. With this blessing I know that we are going to help a lot of hurting people! I can’t wait to see this either. It’s going to make me a very happy person! JMHO! Case closed!5 points
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Oh if only the SCOTUS would say it be true! Cause ya know if it goes to court it will go all the way to the top! Trump claims Biden pardons are 'VOID,' alleging they were signed via autopen https://www.foxnews.com/politics/trump-claims-biden-pardons-void-alleging-were-signed-via-autopen4 points
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Here's an article of Dinarian interests... Economic Crisis & The Digital Dinar. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: Iraq Confronts Economic Crises With The "Digital Dinar." The Parallel Market Is Threatened With "Extinction." ARTICLE: The CBI is preparing to launch the Digital Dinar, marking the transition to digital currency management. The Digital Dinar is a digital currency issued by the central bank, officially part of a country's monetary system. It is similar in value to the traditional Dinar, but is traded electronically via Digital Wallets or approved financial applications. It facilitates instant money transfers within the country or across borders, reduces the logistical burden of issuing paper or metal currency & enables broader segments of society to access digital financial services. This project comes in light of the significant economic challenges facing Iraq, such as its heavy reliance on paper money & the phenomenon of hoarding. The Digital Dinar aims to address these challenges by providing a safe & effective digital alternative to paper money. The CBI Gov Ali Al-Alaq had previously stated during a speech he delivered at the Finance & Banking Conference & Exhibition that "the financial & banking system will witness fundamental transformations, including the decline of paper currencies & their replacement by digital payments for central banks." He explained that "the CBI is moving to create its own digital currency, which will gradually replace paper transactions, as is the case with some central banks around the world." Mazhar Saleh Mohammed, the PM's advisor for financial & banking affairs & former deputy governor of the CBI, highlighted the importance of the Digital Dinar & its relationship to the Dollar ER in local markets. Speaking to Al-Eqtisad News, Mohammed emphasized that the Digital Dinar is a global trend in the development of payment systems, particularly in the description of monetary units that will acquire digital rights bearing the same legal acquittal force issued by the monetary authority as banknotes in acquitting debts, as they are units of account, exchange & storage of value within the digital economic community and via a highly sophisticated, rapid & accurate information system. He added that these monetary units will be used with high transparency to cover various real transactions of goods & services, as well as to settle small & large obligations. He noted that all exchange transactions will be transparently recorded between traders, up to the point of purchasing a loaf of bread, under the supervision of the monetary authority, thus ending the ambiguous or illegal uses of money once and for all. Regarding the digital dinar's relationship to exchange rates, Al-Sudani's advisor explained that the official ER will be the prevailing & sole rate, the digital ER adopted by monetary policy. The parallel market will disappear in its current form, as it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority. However, usurious digital markets may emerge among the same traders. He pointed out that the digital cash system provides the banking system with sufficient digital cash liquidity to grant loans without the risk of liquidity risk within banking markets. This encourages investors to borrow easily, increases economic growth levels & promotes sustainable development. It also facilitates access to global digital exchanges for global payments & settlements. "Introducing digital currency requires two things," according to the PM's advisor. He explained that the 1st is a high level of public awareness of the digital monetary system, while the second is the availability of an advanced information, communications & data technology infrastructure that evolves continuously over time. He pointed to the need for a legal infrastructure to protect digital currency transactions, particularly in protecting users' rights to their income and wealth, which cybersecurity provides against any dangerous digital breaches. Many questions are being raised about the Digital Dinar & its differences from cryptocurrencies, which economic expert Ziad Al-Hashemi answers. Al-Hashemi points to a "significant difference" between digital currencies and cryptocurrencies: "The former are issued & regulated by central banks, such as the Digital Dollar & the digital Dirham, while cryptocurrencies such as Bitcoin are not subject to any official authority and their value depends on supply & demand, making them highly volatile." The Digital Dinar, it will be the sole entity controlling the issuance & distribution of the digital currency, facilitating oversight & preventing financial crimes, unlike cryptocurrencies, which operate on a decentralized system that is difficult to control. He pointed out that the Digital Dinar will be fully backed by the central bank & have a relatively stable value, similar to paper currency. However, it will be traded electronically only through bank accounts and wallets, contributing to reducing the use of paper money, achieving financial inclusion & reducing reliance on the Dollar in daily transactions. Al-Hashemi noted that the primary goal of this step is to eliminate the phenomenon of cash hoarding, whereby citizens keep large sums of money outside banks due to lack of confidence in the banking system. This hinders the flow of funds and negatively impacts economic activity. If the project is implemented well, the Digital Dinar could help disburse hoarded liquidity & stimulate lending & credit.4 points
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Here's MZs two cents worth...de-dollarization is strengthening the Dinar... MarkZ Update- Some highlights by PDK-Not verbatim. THREAD: De-Dollarization Is Strengthening The Dinar. MZ: Mr. Cottrell is supposed to be here today but we will not be back on youtube until Friday or Saturday. MZ: There are a lot of expectations for later today & tomorrow on the bond side. Most are looking at the 18th. I will post if I get any confirmations. Remember no more Monday night podcasts. MZ: There are rumblings in some of the “Currency Groups” trying to buy up currency from other smaller groups. Not sure where the funds are coming from but there seems to be a mad dash right now to consolidate. I am trying to get more information but this could be a huge sign. MZ: There is no way (IMO) that they would spend those dollars unless they believe they would shortly get them back. This is good news from the currency side of this. MZ: in Iraq: “The Iraqi Economy –Challenges & opportunities in light of global financial transformations” They are letting us know the great success they are having in going digital & their standing with the international community and foreign exchanges. The government is working tirelessly to reduce dependence on the USD. And they are promoting the use of the Iraqi dinar for financial transactions. MZ: De-dollization is strengthening the value of the Iraqi dinar. They are telling us what they are doing. MZ: “The government is preparing to approve the 2025 budget-Sudanese advisor reveals details” They say it will be submitted before Ramadan ends. Before Eid Al Fitr. MZ: I have so many sources in Iraq saying the reason they have delayed it is because there is a new rate in it. This does make sense. MZ: “Al Rafidain announces the collection of 6 trillion dinars electronically during 2024” This is more about the digital transformation and the economic “white papers” & the goal is to increase the purchasing power of all Iraqi’s. MZ: “Erbil hands Baghdad 48 billion dinars in non-oil revenue” This was just for the past month as they pound out the last of the HCL agreements. MZ: Here is a fun one: “US and Vietnam sign $4 Billion energy & minerals deals” The US & the World bank are pushing Vietnam to increase their ER. It certainly looks like Vietnam is becoming front and center in Asia. I enjoyed this. MZ: Here is a bank story that’s not a bank story. “My son is in Blue Ridge, GA hiking & fishing this weekend. They got a hotel because of the horrible weather coming through last weekend. While they were packing up to leave they got to talking with a couple. The man is a banker in Atlanta. My son said my dad follows the Iraqi dinar, Do you think it will ever be worth something or is my dad crazy? & to make a long story short the banker said “Your dad is not crazy. He is very smart & it is definitely a good investment. I didn’t think much about it until 5 months ago but your dad is very smart. “ MZ: There are more & more stories from active bankers over the last few months that tell me “To Prepared” MZ: I will see if I can get a farm claims contact and a Bond attorney to come on & do a recorded call. It is very dangerous for them…but if they will…I will let you know.4 points
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MP sets date for budget tables to reach Parliament MP sets date for budget tables to reach Parliament 3-15-2025 Al-Maalouma / Exclusive.. Member of the Parliamentary Legal Committee, Aref Al-Hamami, revealed today, Saturday, the expected date for the 2025 budget tables to reach Parliament. Al-Hamami said in a statement to Al-Maalouma Agency that “delaying the submission of budget tables to Parliament is a legal violation that leads to the disruption of project implementation,” calling on the government to “expedite their submission to ensure a vote on them during the current legislative session.” He pointed out that “sending the tables does not depend on political consensus,” noting that “the government has informed the Parliamentary Finance Committee that it will send the tables to Parliament after the middle of this month.” He stressed that “budget tables are the main tool for implementing the state’s general policies, whether at the economic, social, or service levels,” stressing “the importance of sending them as soon as possible.” It is noteworthy that the House of Representatives previously voted on the budget amendment law and sent it to the government with the aim of sending the budget tables. almaalomah.me Be the first to comment - What do4 points
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Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -A New Monetary Strategy. -Parliament Warns Of Sanctions Against Rafidain Bank. -Iraq Foreign Reserves Reach $110 Billion. -USD Falls Against The IQD. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: To Reduce Speculation, A Sudanese Advisor Reveals A New Monetary Strategy. ARTICLE: The PM's economic advisor, Mazhar Mohammed Saleh, revealed a new monetary strategy Sunday evening that seeks to reduce speculation. Saleh said in a statement to Al-Furat News that: "A new monetary strategy aims to gradually attract foreign exchange transactions to the officially regulated banking system." He explained that "this strategy focuses on expanding the base of buying & selling foreign currency at fixed & stable rates, in line with the current monetary policy." Saleh emphasized that "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency & money governance in line with int'l standards." He pointed out that "this strategy is being implemented in an organized & precise manner by the Iraqi banking system & specifically targets large transfers, especially those related to financing wholesale trade." Saleh also pointed out "the importance of stimulating electronic banking transactions to reduce cash circulation, which contributes to feeding the parallel market with cash Dollars, thus reducing speculative operations that take place outside the framework of the law." -Parliamentary Finance Committee Warns Of Sanctions Against Rafidain Bank: It Is Marred By Regulatory Concerns. Deputy Chairman of the Finance Committee in the House of Representatives, Ikhlas al-Dulaimi, warned of the possibility of the UST imposing sanctions on Rafidain Bank if it continues to implement procedures marred by regulatory concerns. Al-Dulaimi said, in an interview monitored by Al-Eqtisad News, that "Rafidain Bank, like any private bank, is subject to the instructions & regulations of the UST under an agreement with the CBI & the int'l company charged with monitoring the work of banks in Iraq." She added, "The international company pointed out the existence of violations in the work of Rafidain Bank, which prompted the bank to contract with a foreign company to improve its performance & address these concerns." Al-Dulaimi pointed out that "the bank's continued operation according to its previous procedures could lead to US sanctions being imposed on it, along with other private banks, if the recorded violations are not corrected." On January 30, 2025, US Republican Representative Joe Wilson renewed his attacks on Iraq, but this time by demanding sanctions on the government-owned Rafidain Bank. Al-Sudani's Advisor: Iraq's Foreign Reserves Reach $110 Billion. The PM's financial advisor, Mazhar Mohammed Salih, confirmed on Sunday that Iraq's foreign exchange reserves are a safety net against economic fluctuations, noting that they are estimated at approximately $110 billion. "Iraq's foreign exchange reserves are one of the most important indicators supporting investment, both domestic & foreign, as the country has a stable foreign exchange portfolio estimated at approximately $110 billion, distributed between gold, Dollars & foreign currencies," Saleh said in a statement to the official agency, followed by "Al-Eqtisad News." He explained that "these reserves contribute to strengthening macroeconomic stability, both domestically & externally, making them a protective factor against global economic fluctuations & shocks. They also provide strong coverage for the monetary base and financial indicators related to trade and int'l debt maturing soon." He added, "The current account of the balance of payments is recording positive rates that enhance the stability of the value of the Iraqi Dinar, thus reducing the impact of fluctuations in global oil markets, given the nature of Iraq's rentier economy." He noted that "Iraq, as the 5th largest oil producer in the world, enjoys sustainable foreign financial flows, enabling it to quickly & efficiently support its cash reserves." He stressed that "these strong reserves provide a stable investment environment, which contributes to accelerating the pace of investment & supporting the country's promising economic growth." -The Dollar Fell By 148 Against The Iraqi Dinar. The Dollar ER declined on the Al-Kifah and Al-Harithiya stock exchanges, reaching 148,000 Dinars for every $100. The selling price at exchange shops in Baghdad's local markets was 149,000 Dinars for every $100, while the buying price was 147,000 Dinars3 points
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Iraq confronts economic crises with the "digital dinar." The parallel market is threatened with "extinction." Reports Economy News - Baghdad The Central Bank of Iraq is preparing to launch the digital dinar, marking the transition to digital currency management. The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system. It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications. It facilitates instant money transfers within the country or across borders, reduces the logistical burden of issuing paper or metal currency, and enables broader segments of society to access digital financial services. This project comes in light of the significant economic challenges facing Iraq, such as its heavy reliance on paper money and the phenomenon of hoarding. The digital dinar aims to address these challenges by providing a safe and effective digital alternative to paper money. Central Bank Governor Ali Al-Alaq had previously stated during a speech he delivered at the Finance and Banking Conference and Exhibition that "the financial and banking system will witness fundamental transformations, including the decline of paper currencies and their replacement by digital payments for central banks." He explained that "the Central Bank is moving to create its own digital currency, which will gradually replace paper transactions, as is the case with some central banks around the world." Mazhar Saleh Mohammed, the Prime Minister's advisor for financial and banking affairs and former deputy governor of the Central Bank, highlighted the importance of the digital dinar and its relationship to the dollar exchange rate in local markets. Speaking to Al-Eqtisad News, Mohammed emphasized that the digital dinar is a global trend in the development of payment systems, particularly in the description of monetary units that will acquire digital rights bearing the same legal acquittal force issued by the monetary authority as banknotes in acquitting debts, as they are units of account, exchange, and storage of value within the digital economic community and via a highly sophisticated, rapid, and accurate information system. He added that these monetary units will be used with high transparency to cover various real transactions of goods and services, as well as to settle small and large obligations. He noted that all exchange transactions will be transparently recorded between traders, up to the point of purchasing a loaf of bread, under the supervision of the monetary authority, thus ending the ambiguous or illegal uses of money once and for all. Regarding the digital dinar's relationship to exchange rates, Al-Sudani's advisor explained that the official exchange rate will be the prevailing and sole rate, the digital exchange rate adopted by monetary policy. The parallel market will disappear in its current form, as it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority. However, usurious digital markets may emerge among the same traders. He pointed out that the digital cash system provides the banking system with sufficient digital cash liquidity to grant loans without the risk of liquidity risk within banking markets. This encourages investors to borrow easily, increases economic growth levels, and promotes sustainable development. It also facilitates access to global digital exchanges for global payments and settlements. "Introducing digital currency requires two things," according to the Prime Minister's advisor. He explained that the first is a high level of public awareness of the digital monetary system, while the second is the availability of an advanced information, communications, and data technology infrastructure that evolves continuously over time. He pointed to the need for a legal infrastructure to protect digital currency transactions, particularly in protecting users' rights to their income and wealth, which cybersecurity provides against any dangerous digital breaches. Many questions are being raised about the digital dinar and its differences from cryptocurrencies, which economic expert Ziad Al-Hashemi answers. Al-Hashemi points to a "significant difference" between digital currencies and cryptocurrencies: "The former are issued and regulated by central banks, such as the digital dollar and the digital dirham, while cryptocurrencies such as Bitcoin are not subject to any official authority and their value depends on supply and demand, making them highly volatile." He stated that if the Central Bank of Iraq issues the digital dinar, it will be the sole entity controlling the issuance and distribution of the digital currency, facilitating oversight and preventing financial crimes, unlike cryptocurrencies, which operate on a decentralized system that is difficult to control. He pointed out that the digital dinar will be fully backed by the central bank and have a relatively stable value, similar to paper currency. However, it will be traded electronically only through bank accounts and wallets, contributing to reducing the use of paper money, achieving financial inclusion, and reducing reliance on the dollar in daily transactions. Al-Hashemi noted that the primary goal of this step is to eliminate the phenomenon of cash hoarding, whereby citizens keep large sums of money outside banks due to lack of confidence in the banking system. This hinders the flow of funds and negatively impacts economic activity. If the project is implemented well, the digital dinar could help disburse hoarded liquidity and stimulate lending and credit. 769 views Added 03/17/2025 - 10:31 AM https://www.economy-news.net/content.php?id=534803 points
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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON 3-17-2025 Clare Article: "Al-Sudani's advisor: Iraq's foreign reserves reach $110 billion" Quote: "The Prime Minister's financial advisor, Mazhar Mohammed Salih...Iraq's foreign exchange reserves are one of the most important indicators supporting investment, both domestic and foreign, as the country has a stable foreign exchange portfolio estimated at approximately $110 billion, distributed between gold, dollars, and foreign currencies...He added, The current account of the balance of payments is recording positive rates that enhance the stability of the value of the Iraqi dinar." 3-17-2025 Samson Article: "Al-Sudani's advisor: Iraq's foreign reserves reach $110 billion" 3-17-2025 Militia Man There are things on the table that have not been sorted. One of them is going to be the oil. They have to have an evaluation for that. We know they have to value the oil in a Real Effective Exchange Rate or they would have done it by now. It's been two years and they've lost billions. It's obvious, it's quite clear that they're going to do something different in the future. 3-17-2025 Frank26 Trump is changing the political landscape, the geopolitical landscape, the Geo-financial political of the whole freaking world and it's starting very heavily within the Middle East. And Iran? They know what Trump is going to do if they don't stop what they have been doing. 3-17-2025 Clare Article: "Al-Sudani and the US Secretary of Defense discuss regional developments, Syria, and the Houthis by phone." Quote: "Iraqi Prime Minister Mohammed Shia al-Sudani discussed with US Secretary of Defense Pete Hegseth, on Sunday evening, security developments in the region...Both sides renewed their commitment to maintaining regional stability, while the US Secretary of Defense affirmed his country's commitment to supporting Iraq's long-term security and stability." 3-17-2025 Samson Article: "Government advisor: Iraq's relationship with the US is characterized by positivity and ongoing cooperation" Quote: "Iraqis are exempt from the tightening of entry rules to the United States, according to a new list being considered by the US."3 points
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The only reason they would be worried about currency speculators and that is they are going to increase the value of the IQD very soon.3 points
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we could also see a reinstatement of the 3.22 rate plus inflation....remember trumps has their money and wants to be repaid for the cost of the war in the trillions....also remember him saying a week or so ago, "he who has the gold makes the rules"3 points
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i think they need to have same purchasing power of 1 USD atleast even slightly higher like 1.32, in order for them to drawn in all cash being hoarded digital dollar is irrelevent. TRUMP "some will go up so will go down and some will stay the same" I think their digital statement is quite misleading i think they are talking about electronic banking ans using xrp in cross border transactions, in order for them to do this the need the cash from under the beds, gold which they have plenty of, oil which they have plenty of and foreign exchange reserves. The fact is they can easy carry 1:1 and in my opinion it will be 1:1. I think the next three months we are going to see some surprises with market turmoil and wait and see approach with tariffs kicking off on April 1st.3 points
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soon, few days, imminent they breaking out all the winning words...just no action⏰🤡3 points
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is being implemented and he announces new stratedgy......me thinks something is coming after rammadaan and around april 1st....3 points
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Quote Tishwash Article: "To reduce speculation, a Sudanese advisor reveals a new monetary strategy" End Quote A Sudanese advisor....Meaning I'd guess a Sudani advisor...Even though literally "Sudanese" means something or someone from Sudan, Africa.....3 points
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Reassuring citizens, the Central Bank told NINA: We have ample cash liquidity. Saturday 15, March 2025 | EconomyRead Counter 931 Baghdad / NINA / The Central Bank of Iraq (CBI) reassured the banking and community circles of ensuring the availability of cash liquidity to cover all local transactions in Iraqi dinars. The Governor of the Central Bank, Ali Al-Alaq, said in a statement to the National Iraqi News Agency ( NINA ), that "the Central Bank is the last entity that can be without cash liquidity in Iraq." He explained that "the Central Bank has wide scope to provide local currency to the extent that this currency is covered by foreign reserves, which currently far exceeds the level of local sufficiency, and more than we can finance." He added, "There is frequent confusion between the position of the Central Bank, which is a completely different situation from the financial situation related to the financial policy in the country or the Ministry of Finance," indicating that "the Ministry of Finance's revenues are based in dollars through Iraqi oil sales in the global market." Al-Alaq stressed that "the Central Bank deals in Iraqi dinars for all amounts it receives in dollars, and this is very available under any circumstances," calling for distinction and separation between the financial situation at the level of the government and the Ministry of Finance, and the availability of cash at the Central Bank of Iraq. / End 5 https://ninanews.com/Website/News/Details?Key=11920293 points
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How can Iranian currency get any lower than it is right now , slightly less than one tenth of IQD3 points
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hopefully soon to be American under TRUMPS golden visa scheme!3 points
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It’s come to my attention that the Iraq stock exchange commissioner will launch a computer program for global trading. Needed for compliance with article 8, for international trading currency with a REER. They are in the process of legalizing trading foreign exchange currency. This information is supposedly coming out of Iraq from people that were there! . This is supposedly been in these so called news outlets too. Which we all know 99% of those news articles are fake or just plain false. My friend still has contacts with some people that are in Iraq , that still work there. I can’t reveal where they work or their jobs that would allow them to know this. If they are currently working and finally legalizing global trade, there is a good chance that this process will be finished at the end of ramadam. This with other things that we believe have already happened, this could be the final nail before we see REER. We know that they are going to a digital currency! With that piece of information, then they need the stock exchange commissioner to finalize this for Article 8 compliance! I just like the fact of where this information is coming from! It could be something or it could be nothing. But it is enough hopiem for me and all us to hold ! JMHO3 points
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To reduce speculation, a Sudanese advisor reveals a new monetary strategy Time: 2025/03/16 20:19:20 Reading: 920 times {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Saleh, revealed a new monetary strategy Sunday evening that seeks to reduce speculation. Saleh said in a statement to Al-Furat News that: "A new monetary strategy aims to gradually attract foreign exchange transactions to the officially regulated banking system." He explained that "this strategy focuses on expanding the base of buying and selling foreign currency at fixed and stable rates, in line with the current monetary policy." Saleh emphasized that "these steps coincide with enhancing the freedom of the foreign exchange process, with a high commitment to transparency and money governance in line with international standards." He pointed out that "this strategy is being implemented in an organized and precise manner by the Iraqi banking system, and specifically targets large transfers, especially those related to financing wholesale trade." Saleh also pointed out "the importance of stimulating electronic banking transactions to reduce cash circulation, which contributes to feeding the parallel market with cash dollars, thus reducing speculative operations that take place outside the framework of the law." https://alforatnews.iq/news/%D9%84%D8%AA%D9%82%D9%84%D9%8A%D8%B5-%D8%A7%D9%84%D9%85%D8%B6%D8%A7%D8%B1%D8%A8%D8%A7%D8%AA-%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D9%83%D8%B4%D9%81-%D8%B9%D9%86-%D8%A7%D8%B3%D8%AA%D8%B1%D8%A7%D8%AA%D9%8A%D8%AC%D9%8A%D8%A9-%D9%86%D9%82%D8%AF%D9%8A%D8%A9-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A92 points
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A dialogue session discusses the Central Bank's measures for banks deprived of dollars Saturday, March 15, 2025, 5:31 PM | Economic Number of readings: 366 Baghdad / NINA / The Iraqi Private Banks Association organized a dialogue session to discuss developments in the banking sector in Iraq, including those related to deprived banks and fines imposed by the Central Bank of Iraq. The session was attended by the Governor of the Central Bank and representatives of banks and electronic payment companies. The Chairman of the Iraqi Private Banks Association, Wadih Al-Handhal, stressed the importance of joint cooperation between the Central Bank of Iraq, banks, and electronic payment companies to enhance financial stability and develop the banking system in accordance with the latest international standards. He added, "The Special Committee for Assisting Deprived Banks, formed in the Ministerial Economic Council, called for the necessity of assisting deprived banks and suspending fines imposed on them, as they are going through difficult circumstances, which everyone knows." He indicated that "deprived banks work daily to implement global financial requirements and are subject to daily fines," calling for these fines to be suspended and reviewed by the Central Bank of Iraq. For his part, the Governor of the Central Bank, Ali Al-Alaq, addressed the Central Bank's measures related to banks deprived of using the dollar, noting that there are signs of optimism in discussions with the American side on this issue. Al-Alaq stressed that "the Central Bank of Iraq supports the establishment of digital banks, indicating that the number of applications has reached 75 banks, which contributes to accelerating the digital transformation of the banking sector in Iraq." He pointed out that the first phase will be to grant only one or two licenses for the purpose of experimentation and studying the problems and challenges facing these digital banks. He explained that "banks are required to work on raising the rate of financial inclusion by providing modern banking services targeting wider segments of society," stressing that "the transition towards a digital economy is an essential step to enhance financial stability and economic development." /End https://ninanews.com/Website/News/Details?key=11920222 points
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supplementary budget schedules or investment budget encompasses all of this2 points
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PowerBall #'s for 3/17 TexasGranny 23 24 32 37 56 PB 25 Jetman 19 29 50 66 69 PB 08 babycakes61 35 38 41 55 67 PB 142 points
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i think we will see its launch soon after budget schedules and around april 1sy when tariffs hit2 points
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The government is preparing to approve the 2025 budget. Al-Sudani's advisor reveals the details. Money and Business Economy News - Baghdad The Iraqi government is likely to approve the draft budget before Eid al-Fitr, according to Mohammed Shia al-Sudani, the prime minister's financial and economic advisor. Mazhar Mohammed Saleh said the Cabinet will likely approve the 2025 budget law before Eid al-Fitr and submit it to Parliament. Saleh explained that spending constitutes approximately 67% to 70% of the total public expenditures in the budget law, which consist of salaries, allowances, retirement, and social care. The Prime Minister's advisor noted that the budget is approximately 200 trillion dinars, with a deficit of approximately 64 trillion dinars. Iraq has a three-year budget for 2023, 2024, and 2025, and is required to submit the budget schedule to Parliament annually. Parliament approved the 2024 budget schedule on June 3, 2025. Iraq's 2024 budget amounts to more than 211 trillion dinars, an increase of approximately 12 trillion dinars compared to 2023. 671 views Added 03/16/2025 - 9:40 AM https://economy-news.net/content.php?id=534322 points
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This is correct. I communicated with the office in Seychelles who then contacted Julie and she sent me an email. So, yes, I do believe that our payments are being sent to the Seychelles for the purpose of retaining our IBC.2 points
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Baghdad requires the region to send revenues to pay Kurdistan employees' salaries before Eid. Economy |Yesterday, 19:04 | Baghdad Today - Kurdistan Former Kurdish MP Ghaleb Mohammed revealed on Saturday (March 15, 2025) a request submitted by the Federal Ministry of Finance as a condition for sending the salaries of the region's employees for the month of March before Eid. Mohammed told Baghdad Today, "The Ministry of Finance has asked the regional government to hand over non-oil domestic revenues for February and March, and will fund employee salaries for March before Eid." He added, "The regional government creates obstacles every month and is not serious about resolving the salary issue. Every month, there are disagreements and problems with the payrolls, and it is the one responsible for the delay in salaries. This issue will not be resolved, and the problem will continue every month, except through settlement in federal banks." Kurdistan Regional Government spokesman Peshwa Hawrami said last Wednesday that the government is making every effort to pay salaries to public sector employees and workers for the current month of March before Eid al-Fitr. Hawrami wrote in a Facebook post that Prime Minister Masrour Barzani, during the council's session held this morning, directed the preparation of a payroll list for the current month of March and its dispatch to Baghdad. He added that Masrour Barzani also directed ministries to work during official holidays in an effort to distribute salaries before Eid al-Fitr. https://baghdadtoday.news/269987-بغداد-تشترط-على-الإقليم-إرسال-الإيرادات-لصرف-رواتب-موظفي-كردستان-قبل-العيد.html2 points
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Heard a prophecy recently: 2025 - great to be alive 2026 - year of the fix 2027 - an open Heaven2 points
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Well, as long as more than 3 people show up, it might actually happen. 😅🤣😂 pp2 points
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I did hear from a good friend, who is a very reliable source and very knowledgeable about what is happening in Iraq. Soon I’m up to speed on the details on the latest developments. I will share. Maybe something and maybe nothing. I will say this, I was starting to lose faith in this investment, but what I’m hearing I’m getting very excited about something like the RV/RI could be a reality here after ramadam! I’m happy that several members here convinced me to hold out to the end April, cause I could have been a real sick puppy after all these years! Good news though! God does work in mysterious ways, plus He answers prayers! I know a lot of them have been going up! Case closed! JMHO2 points