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Rumor has it...Sudani has the flu...the big sneeze was the signal to push the RV button. Not verified. Go RV.

OMG, These gurus try putting EVERYTHING that happens is related to an RV/RI. The next revalue indicator will be that the Mets beat the Yankees because the CBI issued 1st tier cash-in in Reno.

Al-Sudani's advisor explains the reasons for the delay in the 2025 budget schedules. The dog ate my homework!

I think Bruce is on to something here. His insight and uncanny ability to see the connection between the dinar and the BBB is nothing short of awesome! Go Bruce!

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 7-5-2025 Clare Article: "Vietnam records 7.5% growth in the first half of 2025" 7-5-2025 Militia Man Iraq hasn't stopped. Even under the last two years we've had significant crisis...There was, 'skies falling', 'doom and gloom' was coming a couple weeks ago. Ultimately nothing stopped. 7-5-2025 Walkingstick Once you see the lower notes, you're going to see the new exchange rate. That's why you'll see the new exchange rate before you see the lower notes. 7-5-2025 MarkZ Article: “Controversy over the oil agreement between Baghdad and Erbil: Temporary soutions or an end to the export crisis” They believe the end to this crisis will be resolved this week. They have a schedule where they hope to start pumping this oil…for the oil and gas laws …including the rates...With the BBB being signed... by President Trump...and many thinking key things are in it for the reset, and Iraq finally getting the oil and gas law done and billions of gallons of oil pumping. Lots are coming together at the same time…a perfect storm…I think its all coming together for a reason. 7-5-25 Frank26 Isn't it fascinating that the new exchange rate is being protected by everything from the budget to the HCL to Gazette to Sudani? Everything you can mention is protecting the new exchange rate. Sudani himself is doing it because the new exchange rate is the prettiest girl in Iraq right now and everybody wants to kiss her. 7-5-2025 Mnt Goat My contact in the CBI has been placed back on the committee for the Project to Delete the Zeros. So, this tells us something...Are they deciding now what to do? Is it time? 7-5-2025 Pimpy Article: "Iraq's economy to grow by 4.1% in 2025" This is only the half way mark and they've already grown 4.1...We want Iraq to continue to grow. 7-5-2025 President Trump Quote: It is my Great Honor to announce that I have just made a Trade Deal with the Socialist Republic of Vietnam...It will be a Great Deal of Cooperation between our two Countries. The Terms are that Vietnam will pay the United States a 20% Tariff on any and all goods sent into our Territory, and a 40% Tariff on any Transshipping. In return, Vietnam will...give the United States of America TOTAL ACCESS to their Markets for Trade. In other words, they will “OPEN THEIR MARKET TO THE UNITED STATES,” meaning that, we will be able to sell our product into Vietnam at ZERO Tariff...Dealing with General Secretary To Lam, which I did personally, was an absolute pleasure. Thank you for your attention to this matter! 7-5-2025 Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're talking to us about our national electronic payment card...does not eliminate the Visa or MasterCard for international use...Once again they are trying to teach us about the electronic payment system, the fact we are digital. This is very very good. Not very much to post today...RON

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 7-5-2025 Frank26 Question: "Lost my receipt. Can't they tell [the date I purchased] by the numbers on the dinar?" No. The dinar batch number has nothing to do with your purchasing. Let me help you a little bit. You lost your receipt - Did you buy with a check? Then go to the bank and tell them exactly what month and week and they will get you a copy. Did you buy your dinars with a credit card? Then get a hold of the credit card company...You need the copy of the statement from that year and that month. Did you keep the envelope [Your dinars came in]? That's a post stamp on the envelope. That's a receipt. 7-6-2025 Fnu Lnu Article: "The Central Bank of Iraq (CBI) has announced the successful transition of external transfers from an electronic platform to direct operations by Iraqi banks through their international correspondent banks." Finally, we have some movement that directly actually applies to the furtherance of a monetary revaluation. This is the first real news in months now. Could they be back on track? Only time will tell. Remember that NO ONE has the date or rate. 7-6-2025 Walkingstick The INOC (Iraqi National Oil Company) is now in full control of the oil in Iraq. Kurdistan has agreed to all of this...That's is so important. There's no problems...fighting...arguments... discussions...Sudani is in full control of the oil of Iraq. That's it...Sudani wants the HCL for the citizens...for his reelection. 7-6-2025 Militia Man Al Sudani and his team have brought together what they suggest in articles is the salaries and the oil flow through the Cyan port...Is it coincidence that we had a new Big Beautiful Bill in the United States? ...I wouldn't be surprised in the interconnectivity is going to be part of that because we're talking about a lot of money on both ends. 7-6-2025 Frank26 It's fixed IMSO. I'm asking you to accept this. What's fixed? The exchange rate of the Iraqi dinar. And if it is fixed then that means that which was causing it not to be fixed has been fixed. That sounds like I'm going in circles...but as this evolves, it'll be put together...If we control the oil, we control the HCL, we control the exchange rate...It is fixed because it is digital and it is going in the right direction.

Here's an article of GCR interests... The Battle Of The Re-Sets: USD vs BRICS. Russia & China Gives Up On Toppling The USD. Treat as a rumor. Not verified. Your opine. The Old Pretender: This Year Is Going To Be The Battle Of The Resets. ARTICLE: “Rio Reset Day 2 – Reals, Resistance & the BRICS Break from the Dollar” IMO The BRICS summit will forge ahead with collective financial infrastructure & De-Dollarisation. However, it will keep public news of progress obscured behind a nothing burger smokescreen & other distractions, in order to prevent giving Trump prominent punishment targets. The irony is that those that will say that the BRICS summit is a nothing burger & that the US will continue to rule unchallenged, are doing the work of the BRICS to keep their advancement covert & dismissed.‘talks on finding an alternative to the $ for trade between BRICS members are likely dead in the water. it is almost “forbidden” to mention the idea since Trump threatened 100% tariffs on countries that challenge the USD int'l dominance.’ My guess is that the former VP of the NDB is giving this interview because his concerns will be addressed at the BRICS summit. The launch of the new NDB mechanism, as an alternative to WB’s MIGA, will be the big nothing burger news from the summit. Going Underground: De-Dollarisation is MOVING FAST, BRICS New Development Bank is NOT doing enough! ‘De-dollarisation is proceeding quite substantially, especially in one area: in the bypassing of the Dollar & the use of national currencies in the relations between BRICS countries and with other countries outside the BRICS. What is not very advanced is this construction by the BRICS as a group of alternative mechanisms & institutions. This has happened to some extent. For example, I was one of the founders of the New Development Bank in Shanghai. Ten years ago I moved to Shanghai. Now since then, the bank has advanced, but not enough. It’s not the global bank that we envisaged back in 2014/2015 to become a rival of the WB.’ -Prof. Paulo Nogueira Batista Jr., former Vice President of the New Development Bank, will join us for Saturday’s episode of Going Underground ahead of the BRICS+ Summit in Rio. The question in my mind is whether a leap forward by the BRICS in developing the NDB as a real alternative to the WB will be considered important enough by the mainstream to be given attention & analysis of its implications. BRICS Explores Alternative Payment System For Trade. Putin & Xi’s Plot To Topple The USD Is DEAD” Translation: “Western MSM dances on the grave of the global south, as it is forced to prostrate itself before the Empire.” This is the planned catalyst for the final, hyperinflationary demolition of the old system, the monetary reset & #gold standard 2.0. So many events are happening which point to that & it is now exactly one year until the launch of US #gold-bonds. The White House: President Trump’s One Big Beautiful Bill is now LAW — & the Golden Age has never felt better. Since we are now in the final year countdown to the launch of US gold-backed Treasuries, is this year going to be the battle of the resets, Western reset vs BRICS reset? Or are the resets effectively coordinated? Thank goodness the fog is now clearing & the road ahead is becoming more visible.

What did he just say???

As ideal and hopeful this might sound, it would be catastrophic for our Republic. The only people who would actually switch would be Republicans tired of the current system, and Democrats seeking to cause further deception by joining - just to continue to vote for the Democratic candidates regardless (since they are really hard-core Dems). From that time on the Democrats would own every election because the Former Republicans would split the vote (remember Ross Perot), and the Democrats would continue to vote party line..! I believe the 2-to-1 ratio Musk identifies contains just the two types of converts I mentioned above. THINK ABOUT IT....RON

Now we have MarkZ, Bruce The Goose, TNT & Militia Man claiming the RV is in Trump's 'BBB' A Guru starts a rumor then all the other Gurus backs up the rumor without any proof it has happened. These Gurus are all over the top.

Al-Sudani's advisor explains the reasons for the delay in the 2025 budget schedules. Money and Business Economy News - Baghdad The Prime Minister's financial advisor, Mazhar Mohammed Salih, explained on Friday the reasons for the delay in submitting the budget schedules, while stressing that the government has succeeded in managing the country's financial and economic policy. Saleh told the official agency, followed by "Al-Eqtisad News", that "reading the financial compass, which required submitting the 2025 budget tables for legal approval in accordance with Article 77/Second of the Budget Law, was truly delayed for two fundamental reasons. The first is waiting for the amendment to the three-year general budget law related to the values of the region's oil contracts and the costs of transporting its oil, which were not approved until last February. The other reason relates to the fluctuations that global energy markets were exposed to and the effects of global oil prices on the general budget, which also required rereading some financial constants and variables, whether revenues, expenditures, financing the deficit and its sources, more than once due to international geopolitical and economic problems and the major issues that occurred in the global economy at an accelerating pace, which led to the generation of volatile shocks in close periods of the current fiscal year, which necessitated hedging against external shocks." He added that "all these factors led to the delay in submitting budget schedules to review some of its inputs and outputs," noting that "there is significant and ongoing cooperation between the legislative and executive authorities in monitoring and managing the country's financial affairs, with understanding, interaction, and optimization of great importance to ensuring the economic stability the country is experiencing." Regarding the impact of delayed budget schedules on projects included in the investment section, Saleh pointed out that, “Based on the Federal General Budget Law No. 13 of 2023, the three-year budget, the federal financial policy was formed based on an approach called ‘fiscal space’, which gave it the high capacity to move dozens of approved and previously suspended strategic government projects forward into implementation. This is what distinguished it with a highly active development wheel in implementing service projects that the country is witnessing without interruption, and its results have become tangible thanks to the success of the three-year budget, in addition to the major projects approved in the 2023 and 2024 budget schedules, which are currently ongoing without interruption.” He stressed that “the state’s investment approach is proceeding in line with the sustainability of economic development and in accordance with the high positive results currently achieved in growth rates and the great economic stability that the country is witnessing, whether in terms of declining unemployment rates, increasing economic growth, and price stability, in an active and compatible trilogy achieved as a result of the success of the country’s financial and economic policy without interruption in the wheels of public spending, including the current year 2025.” He continued, "As far as the rights and entitlements acquired in the operational aspect of the general budget are concerned, but have not been disbursed and are contingent upon the submission of the 2025 financial schedules, these are legally protected rights reserved for their beneficiaries and are not subject to statute of limitations. They are merely a matter of timing and will be disbursed upon the approval of these schedules or any adjustment that does not conflict with the law." 1043 views Added 07/04/2025 - 12:46 PM https://economy-news.net/content.php?id=56975

I'm thinking something unprecedented is about to occur in IRAQ. They are in the position of having or at least wanting to break away from Dollar dominance and a revaluation of their own currency would be a necessity but we're also on the verge of flipping the Financial system to a digital one. If they want to be independent they'll have to develop a CBDC or at least use Stablecoins. Essentially, they could create their own Stablecoin instead, it would function like a CBDC. That's what the U.S is doing. Trump declared that in the U.S. there won't be a CBDC. The U.S. will use RLUSD and /or USDC as the digital dollar. Stablecoins are just like CBDC's, so we'll have a sort of CBDC without actually calling it one. XRP can move anything cross border involving payments. Even Gold and Cash, basically anything. IMO once IRAQ either develops a CBDC or it's own Stablecoin it will be independent of the U.S. Dollar. It can't be worthless as it is now! Moving money cross border may involve Dollar backed Stablecoins like RLUSD and /or USDC but the digital Dinar will have to have value IMO. I'm just speculating of course, and just my opinion.

Walkingstick Once you see the lower notes, you're going to see the new exchange rate. That's why you'll see the new exchange rate before you see the lower notes. Kamala is Walking Stick, because that made no sense!😂

NOTE: Another Gurus thinks the RV is in Trump's BBB...What are they thinking? Bruce The Goose: We're On The Way. ARTICLE: The big, beautiful bill went through & was passed 218 to 214 votes in the house, the final version of the bill & that has everything in it that we need for us to get started. So it went through. So we’re on our way. We’re definitely on our way.

From WRAL-TV; Winning Powerball Numbers Saturday. July 5, 2025 01 28 34 50 58 PB 08 Power Player 08 Congratulations Funinsun! You matched tonight's powerball # 08! We had no other winning numbers.

“the Central Bank has ordered the launch of a local system for settling bank card payments within Iraq, without going through any international entity. The circular clarified the need to adopt national codes such as (BIN) and (AID) to identify payment cards and link them to the national switchboard, which implicitly means eliminating any reliance on global payment networks such as Visa and MasterCard in local transactions. The circular emphasized that this project is "exclusively local" and that it will be completed by the end of this year, in preparation for its official adoption starting early next year” Moving along to 2026 >>>

Prime Minister's Advisor: The government has succeeded in managing the country's financial and economic policy. yesterday S Baghdad - INA - Nassar Al-Hajj The Prime Minister's financial advisor, Mazhar Mohammed Saleh, explained on Friday the reasons for the delay in submitting the budget schedules, while stressing that the government has succeeded in managing the country's financial and economic policy. Saleh told the Iraqi News Agency (INA): “Reading the financial compass, which required submitting the 2025 budget tables for legal approval under Article 77/Second of the Budget Law, was truly delayed for two fundamental reasons. The first is waiting for the amendment to the three-year general budget law related to the values of the region’s oil contracts and the costs of transporting its oil, which were not approved until last February. The other reason is related to the fluctuations that global energy markets were exposed to and the effects of global oil prices on the general budget, which also required rereading some financial constants and variables, whether revenues, expenditures, financing the deficit and its sources, more than once due to international geopolitical and economic problems and the major issues that occurred in the global economy at an accelerating pace, which led to the generation of volatile shocks in close periods of the current fiscal year, which necessitated hedging against external shocks.” He added that "all these factors led to the delay in submitting budget schedules to review some of its inputs and outputs," noting that "there is significant and ongoing cooperation between the legislative and executive authorities in monitoring and managing the country's financial affairs, with understanding, interaction, and optimization of great importance to ensuring the economic stability the country is experiencing." Regarding the impact of delayed budget schedules on projects included in the investment section, Saleh pointed out that, “Based on the Federal General Budget Law No. 13 of 2023, the three-year budget, the federal financial policy was formed based on an approach called ‘fiscal space’, which gave it the high capacity to move dozens of approved and previously suspended strategic government projects forward into implementation. This is what distinguished it with a highly active development wheel in implementing service projects that the country is witnessing without interruption, and its results have become tangible thanks to the success of the three-year budget, in addition to the major projects approved in the 2023 and 2024 budget schedules, which are currently ongoing without interruption.” He stressed that “the state’s investment approach is proceeding in line with the sustainability of economic development and in accordance with the high positive results currently achieved in growth rates and the great economic stability that the country is witnessing, whether in terms of declining unemployment rates, increasing economic growth, and price stability, in an active and compatible trilogy achieved as a result of the success of the country’s financial and economic policy without interruption in the wheels of public spending, including the current year 2025.” He continued, "As far as the rights and entitlements acquired in the operational aspect of the general budget are concerned, but have not been disbursed and are contingent upon the submission of the 2025 financial schedules, these are legally protected rights reserved for their beneficiaries and are not subject to statute of limitations. They are merely a matter of timing and will be disbursed upon the approval of these schedules or any adjustment that does not conflict with the law." https://ina.iq/ar/economie/237870-.html

& excuses for not delivering what should have taken place 16 years ago. The sandbagging & foot dragging continues in its most excellent fashion. Question: when (if ever) will Karma catch up to these evil beasts???

I know this thread is talking about some sort of internal banking system that would hope to separate IRAQ somehow from the world financial systems. IMO it's a pipe dream by the TRADFI dinosaurs. Once the Digital Financial system is fully turned on nobody will use the old system. Even IRAQ wouldn't like it because the corruption would continue. Blockchain is Totally Transparent. Corruption halted, Imo

The macro-policy gap between the banking and economic sectors Articles Dr. Haitham Hamid Mutlaq Al-Mansour Economy News - Baghdad There is no doubt that the overall policy between the banking and economic sectors in Iraq suffers from a lack of unified efforts and a lack of achievement of objectives. The two sectors pursue separate, complex paths, deepening a gap between them that reflects fundamental differences in vision, priorities, and mechanisms. It becomes clear to the observer that the relationship between the two sectors is not merely a technical issue, but rather is fundamentally a conflict reflecting a conflict of interests and competing priorities between institutions. Therefore, this political gap is one of the deepest obstacles to achieving genuine, comprehensive reform. While the banking sector plays a key role as a financial intermediary for economic activities such as agriculture, industry, trade, services, transportation, and other vital sectors, it is not only a source of economic value generated from goods and services, but rather a tool for attracting savers and investors. From this, it is understood that banking reform policies include improving the efficiency of credit allocation, reducing non-performing loans, or increasing the rate of project lending, for example, to ensure the safe and efficient flow of funding to productive sectors such as industry or technology. The banking sector's mission ends where the economic sector's activity of investment and development begins. Therefore, the weak relationship between banking and economic policies in Iraq can be likened to the country's "Achilles' heel." This fragile connection is a fatal weakness that threatens economic growth and stability, despite the country's vast resources. The economy appears strong, with massive oil reserves amounting to 145 billion barrels, but the banking and economic systems are unable to transform this wealth into sustainable development. By examining models of policy failure in many countries, we find that the aforementioned gap is evident in the distorted growth of banking activity, with many loans concentrated in unproductive sectors such as real estate, consumption, and the public sector, widening the gap between financing and real economic growth. The banking system may be advanced, adopting financial technology or Basel standards, but the economy suffers from weak non-oil production and structural fragility, represented by the dominance of the informal sector and the growth of an unattractive business environment. The result is high financial liquidity without balanced economic growth. In addition to the conflict between monetary and fiscal policies, we find that central banks aim for financial stability by targeting inflation and exchange rate stability, while governments focus on economic growth, such as increasing spending, employment, and subsidizing basic commodities. This conflict leads to high bank liquidity amid an economic slowdown (as in Egypt, for example, during some periods). Bank credit expands in the absence of real investment projects, as in the debt crisis in Lebanon. The economic policy gap re-emerges, with the separation between banking supervision and economic policy. Central banks monitor the health of the banking sector but do not control the direction of credit to productive sectors. This is especially true in emerging economies, where governments may intervene to direct loans and financing to small businesses. This hinders economic growth, as they lack integrated information systems that link banking performance to economic performance. Banks may grant large loans for real estate, but there is no analysis of the impact of this on economic distortions such as real estate bubbles at the expense of the industrial sector. Banking services are clearly positioned against traditional sectors such as agriculture, while industry still relies on traditional systems. This creates a fast financial economy versus a slow real economy. On the other hand, there are numerous successful experiences in reconciling the banking and productive economic systems, too numerous to mention. We can draw inspiration from them, but only Singapore, which transformed unproductive financing into productive financing by prohibiting banks from lending more than 40% of their portfolio to the real estate sector in 1970. Then, 60% of credit was directed to manufacturing and technology through the Singapore Economic Development Board (EDB), a government agency that aims to attract investment and promote economic growth in Singapore. It offers incentives for global companies to establish their headquarters in the country, with a focus on the technology and financial sectors. The result, after a long-term plan spanning three decades, is that Singapore has become one of the most competitive economies in the world. Returning to the situation in Iraq, it suffers from structural imbalances and a reliance on oil revenues, which constitute approximately 95% of the general budget's financing. This leaves the economy vulnerable to inflation and price fluctuations. This has led to the decline in growth in productive sectors, the emergence of a banking sector that directs its financing activity toward unproductive sectors, such as luxury real estate projects, without significant market demand. It also finances the import of luxury goods instead of developing and strengthening local industry. Banks rely on government deposits from oil revenues rather than actual savings, and there is a lack of guiding policies to stimulate financing for private productive and development sectors. As a result, Iraq became a net importer in the foreign trade sector, which deprived it of opportunities to develop the specialization and competitiveness of its financial market, which weakened the banking sector’s ability to use financial and monetary instruments, especially interest rates, bonds and securities, to achieve overall equilibrium, and created a total imbalance far from the equilibrium interest rate, which limited the interest rate’s ability to stimulate capital and curb inflation, thus increasing financial fragility and deepening dependence on rents. Therefore, it was possible to identify important axes to narrow the gap between banking and economic reforms through the following: Diversifying the economy through development financing: Boosting real non-oil GDP through an expansionary economic policy that stimulates agricultural and industrial investments will gradually create a traditional balance between the real and monetary economies through monetary instruments such as interest rates and bonds, in light of a trade policy aimed at reducing imports. Establishing an Iraqi bank for smart development finance: to finance productive projects in accordance with the investment map that supports the diversification of the Iraqi economy. Building a sovereign fund to enhance financial and economic sustainability: by converting a portion of oil revenues into investments in productive sectors such as alternative energy and technology. Reducing the dominance of the informal banking system over a large portion of financial transactions, through a scale of incentives and restrictions to regulate the work of the informal banking system, to enhance the capacity of fiscal and monetary policies and promote coordination between them. Transparency in large loans by requiring banks to disclose data on large borrowers and grant loans based on creditworthiness. Transparency of the general budget by publishing all major contracts, grants, and loans on an electronic platform. Strengthening financial infrastructure, undermining technological backwardness, and promoting financial inclusion by modernizing payment systems, expanding bank branches, and developing the emerging base of fintech companies through attractive incentive policies. Develop a strategy to redirect credit towards production to achieve economic diversification through coordination between monetary, fiscal, trade, industrial, agricultural, and other macro policies. Establishing a sovereign technology fund with 10% of oil revenues invested. Therefore, it is time to unify efforts and coordinate objectives to take steps to narrow the overall policy gap between the banking and economic sectors. Historical experience tells us that countries that waste their crises disappear, while those that invest in them grow and prosper. 536 views Added 07/05/2025 - 4:25 PM https://economy-news.net/content.php?id=57022

Central Bank: The National Electronic Payment Card Project is a local option and will be exclusively in dinars Friday, July 4, 2025, 15:39 | EconomicNumber of reads: 126 Baghdad / NINA / The Central Bank of Iraq confirmed, today, Friday: "The National Electronic Payment Card project is a local option and exclusively in dinars." A statement by the bank said: "The National Electronic Payment Card project is an additional local option used within Iraq exclusively and in Iraqi dinars and does not cancel or restrict existing international cards such as Visa and Mastercard, and there are no plans to cancel these cards or ban dealing in dollars outside Iraq." / End https://ninanews.com/Website/News/Details?key=1238995

Iraq's decline in public debt... does it signal an economic renaissance? close upbreaking 2025-07-04 13:02 Share font Shafaq News - Baghdad The Iraqi government has begun taking steps to reduce its 85 trillion dinar domestic debt and $54 billion external debt through a plan that relies on a combination of rationalization, repayment, restructuring, and revenue expansion. This plan places a particular emphasis on productive borrowing rather than inefficient borrowing. As a result of this strategy, statistics released by the Central Bank of Iraq on Thursday showed that domestic public debt fell by the end of April of this year to 85 trillion and 503 billion Iraqi dinars, down from 85 trillion and 536 billion dinars in March. Official statistics reviewed by Shafaq News Agency indicated that "the decline was a result of repayment of loans from financial institutions, which reached $19 trillion and 119 billion, down from $19 trillion and 152 billion." She explained that "the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and treasury transfer debts at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers on the account of the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and national term debts due to farmers amounting to 12 trillion and 568 billion dollars." As for external debt, official statistics from the Central Bank of Iraq, released on June 14 and reviewed by Shafaq News Agency, revealed that Iraq's debt in 2024 amounted to $54.6 billion, a 2.94% decrease compared to 2023, when the debt amounted to $56.2 billion. Financial and economic experts explain that external debts due over the next four years amount to approximately $9 billion. There is also external debt of a similar amount extending over longer years, primarily from long-term loans from international funds for the reconstruction of liberated areas. Experts have confirmed that the ratio of external debt to GDP is within the safe range of no more than 8% of GDP, placing Iraq within a comfortable and low-risk global credit rating. Experts point out that Iraq possesses diverse resources that can be invested in a way that eliminates these debts, contributing to greater confidence in the national economy and improving the international investment climate for the Iraqi economy. Experts explain that the more interest burdens are reduced and domestic and foreign debts are eliminated, the more investors will be reassured that Iraq is capable of covering investment costs. Providing appropriate returns on these investments will undoubtedly lead to diversification of the national economy, especially given the need for 1,000 strategic projects in the food, energy, transportation, and other sectors. "Financial reinforcement" In detail, the Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, says, "The syndrome of declining public or government debt growth rates coupled with declining annual budget deficit growth is a trend that constitutes one of the components of the success and strength of the country's financial policy, and is called 'fiscal consolidation.'" "This is a fundamental goal of the government's program, and it undoubtedly indicates a shift toward another fundamental interdependence: the integration of financial sustainability with sustainable development," according to Saleh. He added to Shafaq News Agency, "This renaissance in the management of public financial resources will undoubtedly lead to diversifying the national economy and stimulating growth in more than one economic sector, ensuring the well-being of Iraqi society and its future development." Based on the above, Saleh explains, "The lower the debt, the less reliance on creditors, with all their sources, especially external debt. This leads to greater flexibility for the government in formulating monetary and fiscal policies, independent of the conditions imposed by the countries and external institutions that provide the debt." He continued, "In addition to enhancing confidence in the national economy, it also creates a more attractive investment environment and a better business climate for investors due to lower economic risks. It also improves the country's credit rating." Regarding domestic public debt, according to Saleh, "it reduces pressure on bank financing, allowing banks to devote more time to granting loans to the private sector, in addition to reducing competition between the government and the market over interest rates." He explains, “Bank interest rates available to the private sector often rise as domestic sovereign debt rises due to a squeeze on bank liquidity and credit, called ‘displacement – a phenomenon that occurs when government spending through debt or large public borrowing reduces or ‘displaces’ private investment or spending in the economy.” Saleh asserts that "the government's reduction in its budget allocations for interest and installment payments will undoubtedly free up additional resources for spending on infrastructure, education, health, and other projects, in programs that maintain disciplined (non-austerity) spending and are consistent with the principles of financial governance in the government program and the 2024-2028 National Development Plan." Debt reduction measures Regarding debt reduction measures and their implications, financial and economic expert Safwan Qusay says, "Zeroing domestic debt requires the Ministry of Finance to take steps to settle this bill to creditors in a smooth manner." Qusay explained to Shafaq News Agency, "By transferring ownership of a portion of state real estate, by issuing real estate shares for those assets and transferring ownership of these shares to creditors, to eliminate debts and avoid burdening the federal budget with their accumulated interest." He stressed that "this solution could contribute to increasing the Ministry of Finance's financial flexibility in covering the deficit through domestic borrowing." As for foreign debt, according to Qusay, it is "limited, long-term, and has low interest rates. The process of eliminating it is being undertaken by developing a set of alternatives for the Ministry of Finance to expedite its repayment, which will contribute to improving the international investment climate's outlook for the Iraqi economy." He explained, "The lower the interest burden and the more domestic and foreign debts are reduced, the more investors will be reassured that Iraq is capable of covering investment costs and providing appropriate returns on those investments." Qusay reassures that "external debt is neither worrisome nor dangerous, nor is it high. Global indicators allow for domestic and foreign borrowing to reach 60 percent of GDP. Nevertheless, future generations should not be burdened with such debt, especially since Iraq possesses diverse resources that can be invested in a way that leads to eliminating these debts." Benefits hindered by corruption For his part, economic expert Karim El-Helou notes that "most countries in the world are in debt, both domestically and internationally, whether to international banks, the International Monetary Fund, or the like." Al-Halou explained to Shafaq News Agency, "The highest debt in the world is the American debt, as the US government's domestic debt exceeds $36 trillion, and this is a weak point. Germany also owes two trillion euros domestically, but the domestic debt remains much less harmful than the external debt." He explains that "domestic debt is denominated in local currency, so funds can be circulated and the problem solved. However, foreign debt incurs profits and can be politically exploited against the borrowing countries." Regarding the importance of debt repayment and its impact on the economy, particularly in Iraq, Al-Helou emphasized that "after paying off domestic or foreign debts, these installments can then be diverted to investments in infrastructure and projects that Iraq currently needs, especially given the need for 1,000 strategic projects in the food, energy, transportation, and other sectors." He points out that "the decline in Iraq's internal and external debt means that the state and its institutions have begun to control many matters, but the road remains long in light of the corruption that hinders many projects in terms of administrative corruption, bribery, quotas, red tape, and institutional ignorance." This impression is reinforced, as Al-Halou concluded, by noting, "The fact that hundreds of good decisions have been issued by the Iraqi Council of Ministers, but when they reach implementation in the provinces, they are obstructed by corrupt parties exploiting the positions they hold. Consequently, most tenders and investment projects are only awarded through bribery. This is a major flaw and a cancer eating away at the country." https://www.shafaq.com/ar/تقارير-وتحليلات/تراجع-الدين-العام-العراقي-هل-يشير-لنهضة-اقتصادية

Wait until next year! Sounds like a sports team!😁

Wow Iraq getting $930 mil. Breitling said years ago when they start to get approved again for loans that would be another indicator the RV is close.

But it hasn’t succeeded in giving purchasing power to their citizens.

Spending the week-end with MZ...Trump's 'Big Beautiful Bill'...the RV Reset for Iraq is in it...OK Markie... Some highlights by PDK-Not verbatim. THREAD: Trump's 'Big Beautiful Bill'...The RV Reset For Iraq Is In It.n Member: Good Morning & Happy Independence day weekend. MZ: The first 45 minutes will be spent with thebdgurus. Then the news. MZ: There is progress from Iraq today on HCL & Erbil gas laws. They are hopeful it will be finished this week. Big things happening over there. Member: So when you say they’re working on HCL to get it done this week does that mean next week or by tomorrow? Member: Also- when Iraq is releasing info to the press…many times it is already done. MZ: “Sudanese advisor explains the reasons for the delay in the 2025 budget schedules” Saleh says its about the oil in the Erbil region & the price per barrel. So its these 2 things holding it up. MZ: “Controversy over the oil agreement between Baghdad & Erbil: Temporary soutions or an end to the export crisis” They believe the end to this crisis will be resolved this week. They have a schedule where they hope to start pumping this oil for the oil & gas laws including the rates. MZ: We may get the budget schedules finally. My contacts in Iraq believe there will be a new rate buried in those. MZ: “Al Hassan from Karbala: Iraq is not a poor country & is open to foreign investments” Again they are telling us how stable Iraq is. And how they are open to global investments. MZ: Nothing new on the bond side. Banking side also dead quiet. Member: Really sounds like NDA’s have been signed & enforced to me. MZ: I think that is part of it but the majority have not been paid. Yes- there has been some movement on the historic art associated with the historic bonds. Some bonds have been moving but not in the big numbers we are wanting to see. MZ: The big beautiful bill was just signed by President Trump & many believe there are key & important pieces in that. MZ: Othere than that its very quiet here. Mostly because of the July 4th weekend. Member: What is your gut telling you Mark? MZ: That this is going to be a very important week. With the BBB being signed & many thinking key things are in it for the reset & Iraq finally getting the oil & gas law done & billions of gallons of oil pumping. Lots are coming together at the same time. A perfect storm. I think its all coming together for a reason. Member: Mark the RV is the valve when open will bring global wealth. Member: I asked Alexa what she thought of the RV now with the bill signing yesterday, she "no big deal, a Class A Motor home will still only get about 8 miles/gallon", I think that she was confused. Member: I pray all of you have the rest of your weekend with much happiness & safety with your families. Member: Have a very blessed 4th of July weekend everyone & see you all Monday morning. Mod: JUST SO YOU KNOW...THERE IS NO PODCAST TONIGHT...SO SWEET DREAMS TO ALL.

NOTE: Another Guru suggests the RV is in Trump's BBB...What's going on? One Guru starts a rumor & all the other Gurus run with it... Militia Man: BBB Coincides With Oil Flow In Cyan. ARTICLE: Al Sudani & his team have brought together what they suggest in articles is the salaries & the oil flow through the Cyan port. Is it coincidence that we had a new Big Beautiful Bill in the US? I wouldn't be surprised in the interconnectivity is going to be part of that because we're talking about a lot of money on both ends.

this is taking so long. without a budget, do the people get paid or do they have to figure out how to live by maybe bartering? i hope they ri or rv so that i will have years to enjoy a stress free life.

Here's some articles of Dinarian interests... Direct From the SANDBOX Report. Policy Gap Between The Banking & Economic Sectors. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Macro-Policy Gap Between The Banking & Economic Sectors. ARTICLE: There is no doubt that the overall policy between the banking & economic sectors in Iraq suffers from a lack of unified efforts & a lack of achievement of objectives. The two sectors pursue separate, complex paths, deepening a gap between them that reflects fundamental differences in vision, priorities & mechanisms. It becomes clear to the observer that the relationship between the two sectors is not merely a technical issue, but rather is fundamentally a conflict reflecting a conflict of interests & competing priorities between institutions. Therefore, this political gap is one of the deepest obstacles to achieving genuine, comprehensive reform. While the banking sector plays a key role as a financial intermediary for economic activities such as agriculture, industry, trade, services, transportation & other vital sectors, it is not only a source of economic value generated from goods & services, but rather a tool for attracting savers & investors. From this, it is understood that banking reform policies include improving the efficiency of credit allocation, reducing non-performing loans, or increasing the rate of project lending, for example, to ensure the safe & efficient flow of funding to productive sectors such as industry or technology. The banking sector's mission ends where the economic sector's activity of investment & development begins. Therefore, the weak relationship between banking & economic policies in Iraq can be likened to the country's "Achilles' heel." This fragile connection is a fatal weakness that threatens economic growth & stability, despite the country's vast resources. The economy appears strong, with massive oil reserves amounting to 145 billion barrels, but the banking & economic systems are unable to transform this wealth into sustainable development. By examining models of policy failure in many countries, we find that the aforementioned gap is evident in the distorted growth of banking activity, with many loans concentrated in unproductive sectors such as real estate, consumption & the public sector, widening the gap between financing & real economic growth. The banking system may be advanced, adopting financial technology or Basel standards, but the economy suffers from weak non-oil production & structural fragility, represented by the dominance of the informal sector & the growth of an unattractive business environment. The result is high financial liquidity without balanced economic growth. In addition to the conflict between monetary & fiscal policies, we find that central banks aim for financial stability by targeting inflation & ER stability, while governments focus on economic growth, such as increasing spending, employment & subsidizing basic commodities. This conflict leads to high bank liquidity amid an economic slowdown (as in Egypt, for example, during some periods). Bank credit expands in the absence of real investment projects, as in the debt crisis in Lebanon. The economic policy gap re-emerges, with the separation between banking supervision & economic policy. Central banks monitor the health of the banking sector but do not control the direction of credit to productive sectors. This is especially true in emerging economies, where governments may intervene to direct loans & financing to small businesses. This hinders economic growth, as they lack integrated information systems that link banking performance to economic performance. Banks may grant large loans for real estate, but there is no analysis of the impact of this on economic distortions such as real estate bubbles at the expense of the industrial sector. Banking services are clearly positioned against traditional sectors such as agriculture, while industry still relies on traditional systems. This creates a fast financial economy versus a slow real economy. On the other hand, there are numerous successful experiences in reconciling the banking & productive economic systems, too numerous to mention. We can draw inspiration from them, but only Singapore, which transformed unproductive financing into productive financing by prohibiting banks from lending more than 40% of their portfolio to the real estate sector in 1970. Then, 60% of credit was directed to manufacturing and technology through the Singapore Economic Development Board (EDB), a government agency that aims to attract investment and promote economic growth in Singapore. It offers incentives for global companies to establish their headquarters in the country, with a focus on the technology & financial sectors. The result, after a long-term plan spanning three decades, is that Singapore has become one of the most competitive economies in the world. Returning to the situation in Iraq, it suffers from structural imbalances & a reliance on oil revenues, which constitute approximately 95% of the general budget's financing. This leaves the economy vulnerable to inflation & price fluctuations. This has led to the decline in growth in productive sectors, the emergence of a banking sector that directs its financing activity toward unproductive sectors, such as luxury real estate projects, without significant market demand. It also finances the import of luxury goods instead of developing & strengthening local industry. Banks rely on government deposits from oil revenues rather than actual savings & there is a lack of guiding policies to stimulate financing for private productive & development sectors. As a result, Iraq became a net importer in the foreign trade sector, which deprived it of opportunities to develop the specialization & competitiveness of its financial market, which weakened the banking sector’s ability to use financial and monetary instruments, especially interest rates, bonds & securities, to achieve overall equilibrium & created a total imbalance far from the equilibrium interest rate, which limited the interest rate’s ability to stimulate capital & curb inflation, thus increasing financial fragility & deepening dependence on rents. Therefore, it was possible to identify important axes to narrow the gap between banking & economic reforms through the following: Diversifying the economy through development financing: Boosting real non-oil GDP through an expansionary economic policy that stimulates agricultural & industrial investments will gradually create a traditional balance between the real and monetary economies through monetary instruments such as interest rates & bonds, in light of a trade policy aimed at reducing imports. Establishing an Iraqi bank for smart development finance: To finance productive projects in accordance with the investment map that supports the diversification of the Iraqi economy. Building a sovereign fund to enhance financial & economic sustainability: By converting a portion of oil revenues into investments in productive sectors such as alternative energy & technology. Reducing the dominance of the informal banking system over a large portion of financial transactions, through a scale of incentives & restrictions to regulate the work of the informal banking system, to enhance the capacity of fiscal & monetary policies and promote coordination between them. Transparency in large loans by requiring banks to disclose data on large borrowers & grant loans based on creditworthiness. Transparency of the General Budget by publishing all major contracts, grants & loans on an electronic platform. Strengthening financial infrastructure, undermining technological backwardness & promoting financial inclusion by modernizing payment systems, expanding bank branches & developing the emerging base of fintech companies through attractive incentive policies. Develop a strategy to redirect credit towards production to achieve economic diversification through coordination between monetary, fiscal, trade, industrial, agricultural & other macro policies. Establishing a sovereign technology fund with 10% of oil revenues invested. Therefore, it is time to unify efforts & coordinate objectives to take steps to narrow the overall policy gap between the banking & economic sectors. Historical experience tells us that countries that waste their crises disappear, while those that invest in them grow & prosper. An Ounce Is Down By 25,000 Dinars.. Gold Records A Decline In Iraq. Stock Exchange Gold prices in Iraq witnessed a slight decline on Saturday, with an ounce reaching 4,365,594 Dinars, compared to Thursday's price of 4,390,135 Dinars. A Slight Decline In Iraqi Oil Prices In Global Markets. Iraqi oil prices recorded a slight decrease during daily trading on the global market on Saturday. According to data reviewed by Mawazine News, Basra Medium crude oil recorded $69.11 per barrel, while heavy crude oil recorded $66.11 per barrel, with a change of -0.11 for both. The data also showed global oil prices, with British Brent crude recording $68.30 per barrel, while US West Texas Intermediate crude oil recorded $66.50 per barrel, with a change of -0.50 for both. New Rise In Dollar Prices. The USD ER witnessed a slight increase on Saturday morning in Baghdad markets. The Dollar price rose on the Al-Kifah and Al-Harithiya stock exchanges to 141,200 Iraqi Dinars for every $100, while last Thursday it recorded 141,150 Dinars for every $100. Selling prices rose in exchange shops in local markets in Baghdad, where the selling price reached 142,250 Iraqi Dinars for every $100, & the buying price reached 140,250 Dinars for every $100. Al-Maliki: Iraq Has Achieved Self-Sufficiency In Wheat And Exports 11 Agricultural Products Abroad. Minister of Agriculture Abbas Jabr al-Maliki revealed that Iraq has made significant progress in the agricultural sector, noting that the country has achieved self-sufficiency in wheat production,which has contributed to an increase in the number of mills & a saving in hard currency. In a televised interview followed by Al-Maalouma Agency, Al-Maliki said "There are 13 basic agricultural products available locally & banned from import in support of the national product," indicating that "Iraq currently exports 11 agricultural products abroad, & its exports reached two million tons during the past year." He added, "The wheat crop is increasing every year, while only the barley crop has been reduced as part of the agricultural plan, while palm cultivation continues to increase, currently exceeding 23 million palm trees." He pointed out that "local production has become increasingly desirable to Iraqi citizens & that the Ministry of Trade was suffering from a problem with wheat storage capacity. However, the abundant production has allowed Iraq to donate quantities of wheat to Lebanon & Gaza in response to the appeals & to ensure the availability of large quantities locally." Al-Maliki concluded by pointing out that “there are major investment projects in the field of wheat and potato production, which will enhance the country’s food security.”

Chaos, Crisis, The Sky is Falling then it's all good here. The news is so impressive I suspect only a handful of Criminal Elites really know how things are going in Iraq. Baffles 'em with . Confusion reigns supreme...

BEIRUT (AP) — The World Bank said Wednesday it approved over $1 billion dollars for infrastructure and reconstruction projects in Iraq, Syria and Lebanon. The biggest amount went to Iraq, where the World Bank approved $930 million to help improve the country’s railway infrastructure, boost domestic trade, create jobs and diversify the economy. The World Bank said the Iraq Railways Extension and Modernization Project will improve services and increase freight capacity between the Umm Qasr Port on the Persian gulf in southern Iraq to the northern city of Mosul. “As Iraq shifts from reconstruction to development, enhanced trade and connectivity can stimulate growth, create jobs, and reduce oil dependency,” said Jean-Christophe Carret, director of the World Bank’s Middle East division. The World Bank also approved for war-torn Syria a $146 million grant to help restore reliable, affordable electricity and support the country’s economic recovery. It said the Syria Electricity Emergency Project will rehabilitate damaged transmission lines and transformer substations....... Updated 11:44 AM CEST, June 25, 2025 https://apnews.com/article/world-bank-iraq-lebanon-syria-electricity-railway-reconstruction-7ca26740ae09cb997fc405e948bf42bc

Yes, it's further to Reno than by bus!

Is it closer to Reno or by Plane ? Do you take the bus to school or eat your lunch?

Israel rejects Hamas edits to Gaza truce proposal Middle EastIsraelHamasBenjamin NetanyahuGaza warTruce Proposal 2025-07-05 / 15:22 Shafaq News – Middle East/Gaza On Saturday, Israeli Prime Minister Benjamin Netanyahu rejected Hamas’ changes to the ceasefire plan for Gaza. Netanyahu’s office confirmed that an Israeli delegation will travel to Doha on July 6 to resume negotiations. The latest Qatari proposal—backed by the United States—offers a phased ceasefire that could be extended beyond an initial 60-day period if both parties engage in good-faith negotiations. Earlier, National Security Minister Itamar Ben-Gvir called on Netanyahu via X to drop the US-backed hostage deal, calling it a “surrender framework,” and instead pursue a “decisive victory.” Hamas delivered a “positive” reply to the latest ceasefire proposal after holding internal discussions and consultations with allied factions. However, the group’s respond includes key demands as a permanent halt to the fighting, United Nations oversight of humanitarian aid, and an Israeli withdrawal to positions held on March 2, before the renewed offensive and occupation of northern Gaza. The Doha talks are set to begin a day before Netanyahu meets with US President Donald Trump at the White House to discuss the Gaza ceasefire and the release of Israeli captives held in the enclave. The White House has not disclosed further details about the meeting. https://www.shafaq.com/en/Middle-East/Israel-rejects-Hamas-edits-to-Gaza-truce-proposal

August 2026?...2027...202.....?

PB 02 03 12 30 59 PB 09

BREAKING: Elon Musk has officially announced the launch of his new political party, called the America Party. @GeneralMCNews

Here's a video of GCR interests... Fatal Flaws in Basel III. Treat as a rumor. Not verified. Your opine. Miles Harris: Safe Assets, Fatal Flaw: The Basel III Oversight? ARTICLE: What if the very regulations meant to prevent another banking collapse are quietly setting us up for the next big one? Basel III was supposed to make the financial system safer. It encouraged banks to hold more liquid, "risk-free" assets like UST bonds & mortgage-backed securities. But these so-called 'safe assets' are now sitting on massive unrealized losses. And under the right stress conditions, those losses could pose a major threat to the banking system. FYI...See VIDEO at source...Google key words in title. Luigi's two cents worth... Banks can & will seize depositors assets in order to survive. It has already happened in past, at the onset of the Great Depression. I am a member of a very large, healthy & solvent credit union with huge assets. My credit union does foreign currency exchanges. I am concidering this option over WF or BOA. Other options may include investing in real estate & precious metals. Not giving advise but we need to explore all options when the time comes. IMHO.

Gaza ceasefire unveiled, Hamas responds positively Middle EastIsraelgazaHamasCeasefire 2025-07-04 12:43 Shafaq News – Gaza Hamas submitted a “positive” response to the latest ceasefire proposal on Friday, following internal and factional consultations. In an statement, the group confirmed that the response was delivered to mediators and characterized as constructive, adding, “the movement is ready to engage immediately and seriously in a new round of negotiations on the mechanism for implementing this framework.” The proposed ceasefire agreement between Israel and Hamas—mediated by Egypt and Qatar, outlines a 60-day truce with phased hostage exchanges and humanitarian aid provisions, guaranteed by US President Donald Trump. Eight living hostages would be released on day one. On day seven, Hamas would return the bodies of five deceased hostages, followed by five more bodies on day thirty. Two additional hostages would be freed alive on day fifty, and eight more deceased hostages would be returned on day sixty. The proposal also includes the immediate transfer of humanitarian aid to Gaza upon Hamas’s acceptance of the deal. Deliveries must continue throughout the 60-day truce and be provided “in large quantities and based on need,” referencing the humanitarian aid agreement signed on January 19, 2025. Distribution would be coordinated through agreed channels, including the United Nations and the Red Crescent. Military and intelligence aerial activity over Gaza would be paused for 10 hours daily—or 12 hours on days when hostages are released. Moreover, on the first day of the agreement, Israeli forces would reposition in northern Gaza following the release of live hostages. After the return of deceased hostages on day seven, a further redeployment would occur in the south. The proposal also mandates negotiations during the truce on key issues aimed at reaching a permanent ceasefire. These talks would address the release of all remaining Israeli hostages in exchange for Palestinian prisoners, Israeli troop withdrawals, long-term security arrangements, governance of Gaza after the war, and the formal declaration of peace. https://www.shafaq.com/en/Middle-East/Gaza-ceasefire-unveiled-Hamas-responds-positively

Here's some articles of Dinarian interests... US Anger At Iraq If It Uses Russia's Payment System. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Exclusively In Dinars: A Statement From The CBI Regarding The "National Card" For Electronic Payment. ARTICLE: Do Not Cancel Visa & MasterCard. On Friday, July 4, 2025, the CBI issued a clarification regarding the National Electronic Payment Card Project, noting that the project does not cancel or restrict existing int'l cards. In context: The suspension of Iraqi payment cards internationally comes into effect. The bank said in a statement received by Al-Jabal, "The National Electronic Payment Card Project is an additional local option used exclusively within Iraq & in Iraqi Dinars. It does not cancel or restrict existing int'l cards such as Visa & Mastercard. T here are also no plans to cancel these cards or prohibit transactions in Dollars outside Iraq, as their holders can still use them inside & outside the country as is currently the case." He added, "The project aims to reduce payment costs, enhance financial inclusion, diversify options for the public & provide national cards to all institutions & segments within Iraq, while international cards remain the primary means of spending in Dollars or other currencies outside Iraq & for purchases via global websites." Tishwash: The End Of Dollar Dependence Or The Beginning Of Censorship? The National Payments Project Raises The Question Of "Financial Sovereignty" In a pivotal step toward internal monetary independence, the Central Bank of Iraq (CBI) issued an official circular to all banks & electronic payment service providers announcing the commencement of the implementation of the National Card Scheme project. This is a local payment system managed through the national switchboard, completely separate from int'l platforms such as MasterCard & Visa. The decision comes at a particularly sensitive time, following the Popular Mobilization Forces (PMF) salary crisis & sanctions imposed on several banks, amid indications that Iraq is shifting to a relatively closed monetary environment in the face of external pressures. A National System Excludes Int'l Companies. According to a circular obtained by Baghdad Today , the CBI has ordered the launch of a local system for settling bank card payments within Iraq, without going through any int'l entity. The circular clarified the need to adopt national codes such as (BIN) & (AID) to identify payment cards & link them to the national switchboard, which implicitly means eliminating any reliance on global payment networks such as Visa & MasterCard in local transactions. The circular emphasized that this project is "exclusively local" & that it will be completed by the end of this year, in preparation for its official adoption starting early next year. Motives Behind The Decision: From Sanctions To Mobilization. Banking expert & former CBI official Mahmoud Dagher told Baghdad Today that "the decision is partly linked to int'l sanctions & some pressure on Iraqi banks, so an alternative internal system is being considered." He added, "Iraq faces no legal or technical obstacles to establishing this type of system & many countries have preceded us in this," but he explained that "local systems remain limited & cannot be used outside the country's borders." It's worth noting that the decision came after the Popular Mobilization Forces' salaries were frozen at some banks linked to int'l payment systems, opening a new door for the CBI to restructure its payments infrastructure away from int'l political influence. Monetary Shift Or Financial Isolation? The new approach coincides with escalating tensions between Baghdad & Washington & with the mounting pressure on major Iraqi banks accused of financing entities sanctioned by the US. In this context, the CBI appears to have decided to proceed with a project that protects the domestic market from any "potential political freeze." However, This Option, Despite Its Importance In Terms Of Sovereignty, Raises Questions: Is it possible to actually dispense with global payment systems? Is Iraq structurally prepared to operate a closed system capable of meeting domestic demand? Most importantly, does this project pave the way for a gradual financial decoupling from the Dollar? The National Card Scheme project is not merely a technical decision regarding banking infrastructure; it is a step with political, economic & security dimensions. If completed by the end of the year as planned, Iraq will have taken its first steps toward "internal monetary independence." However, this remains conditional on the state's ability to ensure efficiency, prevent collapse & build confidence in a system that has yet to be tested in a fragile economic reality. Tishwash: US Anger At Iraq If It Uses Russia's Payment System. Economic researcher Ziad Al-Hashemi said on Friday that the CBI’s launch of the “National Card Scheme” system is a step towards strengthening financial sovereignty & reducing reliance on int'l payment networks. However, the similarity of this system to the Russian “Mir” system, which is subject to sanctions, may expose Iraq to int'l accountability & raise American reservations. He pointed out that the lack of full commitment to security & compliance standards & the lack of clarification of the nature of technical links with external systems, represents a potential loophole that could be exploited for suspicious financial activities. He called for enhancing transparency & raising the level of caution to avoid any external escalation or suspicions related to the use of this system. Al-Hashemi Stated In A Post On The X Platform: The CBI has decided to assert its sovereignty over electronic financial transactions within the country by launching the "National Card Scheme." This is a positive step, but it is not without loopholes that raise more than one question mark. According to the bank's statement, the new system will not be linked to the Visa & MasterCard systems, but will use the same technologies as the Europay-MasterCard-Visa systems to ensure compliance with int'l standards & enhance security & efficiency. The new system is somewhat similar to the Russian MIR system, which enhances national monetary sovereignty & significantly reduces reliance on global payment networks such as Visa & Mastercard, but at the same time, it is linked to some external domestic systems. However, the CBI did not clarify whether the new electronic card system will adhere to security & compliance regulations such as PCI-DSS, or whether these regulations will be imposed on card users. The lack of clear and full compliance with these standards may create future loopholes that could be exploited for innovative fraudulent operations, as has happened in the past. The CBI is also called upon to enhance the transparency of this system and raise the level of prudence to ensure there is no intention to bypass the global financial system. These measures are essential to enhancing the reliability, safety & security of the new domestic system. In the absence of these measures, the new local system will be subject to int'l scrutiny & accountability, especially if suspicious local transactions or direct or indirect ties to sanctioned payment systems such as Russia's Mir & Iran's Shtab emerge.

To modernize railways and connect Umm Qasr Port to Mosul, the World Bank provides Iraq with $930 million in financing. Economy | 12:45 - 25/06/2025 Mawazine News - Baghdad - The World Bank announced today, Wednesday, that it will finance Iraq with $930 million in four sectors. While it indicated that the development path will significantly increase trade within Iraq and at the regional level, it noted that the railway line along the path will benefit approximately 17 million people. The bank stated in a statement received by Mawazine News that “the World Bank’s Board of Executive Directors approved a financing of $930 million to improve the performance of railways in Iraq, promote internal trade, create jobs, and support economic diversification within the framework of this financing.” He added, "The Iraq Railways Extension and Modernization (IREM) project will modernize the railway infrastructure and services between the port of Umm Qasr in southern Iraq and Mosul in northern Iraq, contributing to reducing travel and transportation time, increasing freight volume, and improving infrastructure and sustainable transportation services and providing them to users and passengers." He noted that "the Middle East is witnessing a significant boom in regional railway development, which enhances trade routes across the region and with the continents of Asia and Europe, contributing to enhancing connectivity services and driving economic growth in the region." He emphasized that "regional initiatives include the Iraq Development Road, which was announced in May 2023 with the aim of transforming Iraq into a pivotal transportation hub by linking the Gulf region with Iraq, all the way to the Turkish border and from there to Europe." He noted that "once connectivity to existing ports and infrastructure is enhanced, this road can significantly increase trade flow within Iraq and across the region." The bank continued, "Given that Iraq's railway sector suffers from limited connectivity, poor repair and maintenance services, and a lack of funding, investments in the existing railway network are an essential first step toward strengthening connectivity at the national and regional levels." The World Bank's Regional Director for the Middle East, Jean-Christophe Carré, stressed, according to the statement, "As Iraq transitions from reconstruction to development, enhancing trade and connectivity can stimulate economic growth, create new jobs, and reduce dependence on oil." He added, "This project is of great importance in transforming Iraq into a regional transport hub and achieving the goals of Iraq's development path, which are improving connectivity, diversifying economic activity, and increasing growth rates." The bank explained that “the Iraq Railway Expansion and Modernization Project will rehabilitate and modernize 1,047 kilometers of existing railway lines linking Umm Qasr Port to Mosul via Baghdad, in addition to supporting the modernization of the locomotive and railcar fleet, renovating the maintenance workshop in Baiji, and purchasing the necessary equipment and spare parts. The project will also work to enhance private sector capital participation in the establishment of dry ports and logistics service centers that provide sustainable, highly skilled job opportunities.” It explained that “the project will enhance railway safety by implementing a comprehensive safety management system, modernizing infrastructure, improving railway crossings, implementing community awareness campaigns, enhancing emergency preparedness, and training workers.” He pointed out that “the project will include technical assistance to improve the institutional performance of the Iraqi General Railways Company, develop an action plan to reform the railway sector, and identify opportunities for private sector participation. In addition, the project will provide training programs for Iraqi General Railways Company employees and support women’s participation in this sector. The Iraqi General Railways Company will implement the project under the supervision of the Ministry of Transport.” He explained that “to support successful and rapid implementation, an international company will be contracted within the framework of the project to manage capital expenditures and support the Iraqi General Railways Company in its efforts to build institutional capacity to manage large capital expenditure programs and manage the implementation of project contract packages.” The bank emphasized that “the project will also prioritize active participation by citizens and local communities, and establish a community-led planning and monitoring mechanism that enables citizens to receive regular updates on work progress and provide their views and feedback on implementation. By 2037, the renovated railway line is expected to transport 6.3 million tons of domestic freight, 1.1 million tons of exports/imports, and 2.85 million passengers, including unpackaged primary commodities (such as grains or construction materials) and containerized goods (such as industrial and consumer goods).” He explained that “the railway line will pass through eight Iraqi governorates, enhancing integration across the country and benefiting nearly 17 million people. The shift in freight traffic from trucks to trains will significantly reduce damage to roads and lower annual maintenance costs.” He pointed out that “the project will provide more than 3,000 full-time construction jobs over seven years. Once railway operations and sector-wide expansion work commence, the project is expected to provide 21,900 job opportunities annually.” https://mawazin.net/Details.aspx?jimare=263056

loans have stopped for quite a few years now....

interesting.....I would say that we are close also interesting that the Kurds have stopped transactions for a two month period at a time whereby they say they are not getting paid for salaries???

I remember that last audio he said he didn't know how things would go between the counties that's recently at odds with each other & that nothing had changed with Iraq wanting to better their financial situation. Nothing since then. I think this is the longest he's gone without posting an audio.

PS: Open & expand both links, and look at the chart and comments. Any Republican President from Trump on might never be able to accomplish the goals they desire.

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 7-4-2025 Mnt Goat Ali Al-Alaq knows what he is doing and is setting up the Iraqi monetary system for a major revaluation... decreasing the money supply speaks RV all over it...yes, it is now shaking out in the news. Article: “THE FINANCIAL INCLUSION RATE IN IRAQ EXCEEDED 46%” ...Why would they need to have the citizens and merchants on the digital transactions with the banks? Less cash is better! This is what “financial Inclusion” means. I am being told by my CBI contact that the CBI is looking for at least 50% of the citizens with bank accounts and in the system. [Post 1 of 2] 7-4-2025 Mnt Goat ...in order to conduct a revaluation of the dinar, thus in order to make the rate of each dinar to the U.S. dollar higher...they would have to reduce the monetary mass in circulation substantially to do it. If you are going with a $4+ rate then my [CBI] contact told me they would have to reduce or shrink the monetary mass by nearly a quarter of the paper...the paper notes in the hands of the citizens...must be brought back to the banks... The rest the banks can convert digitally...Folks, it all adds up. They are planning to do a major revaluation in the VERY, VERY NEAR future...I can’t believe how obvious it is now. [Post 2 of 2] Happy Independence Day

Hey Jeffries has convinced the last Republican holdout to switch his vote to yes 😁 We're getting there.