Search the Community

Here's some articles of Dinarian interests...Top Stories... -Monitoring The Performance Of The CBI. -Postponment Of The 2026 Budget, Possible. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Monitoring The Performance Of The CBI. ARTICLE: The Speaker of Parliament affirms the commitment to supporting the independence of monetary policy & monitoring the performance of the CBI. Official Statement… The Speaker of Parliament, Hebat Al-Halbousi, received the Gov of the CBI, Ali Mohsen Al-Alaq, on Thursday. The meeting discussed the reality of monetary policy in Iraq and prospects for enhancing its stability, in line with the requirements of macroeconomic stability & stressed the importance of continued coordination between the House of Representatives & the CBI, in order to enhance the effectiveness of economic policies & to achieve the desired development goals. During the meeting, the Speaker of the Council emphasized the House of Representatives’ interest in monitoring the performance of the CBI & its commitment to supporting the independence of monetary policy, stressing the importance of strengthening effective coordination between monetary & fiscal policies in order to contribute to achieving economic balance & reducing inflationary pressures. He pointed out that the House of Representatives, based on its oversight & legislative role, affirms its monitoring of the procedures & policies adopted by the CBI, in order to enhance transparency & strengthen confidence in the banking sector, stressing the House’s readiness to provide the necessary legislative cover to support financial & banking reforms. For his part, the Gov of the CBI reviewed the most prominent measures taken to enhance monetary stability, regulate the exchange market & develop the banking sector, stressing that the bank will continue to work in accordance with best international practices & in a way that supports financial stability. Media Office of the Speaker of Parliament. Tishwash: Postponment Of The 2026 Budget, Possible. ARTICLE: An Iraqi expert says approving the 2026 Budget is almost impossible & postponement until the end of the year is possible. Economic & financial expert Haider Al-Sheikh confirmed on Thursday that the discussions circulating within the House of Representatives regarding moving to legislate the Federal Budget Law for 2026 are “almost impossible” given the limited time and its insufficiency for the government & parliament to accomplish this obligation. The sheikh explained to “Roj News” that “the next Iraqi government is expected to be formed in about a month, but it will need at least three months to prepare & approve the Draft Budget Law before sending it to the House of Representatives, which means that the draft law, if prepared, may reach Parliament during October or the end of this year.” He pointed out that “Iraq relies primarily on oil exports to maximize its revenues,” noting that “the cessation of maritime navigation in the Strait of Hormuz has directly affected oil exports, as revenues have decreased from about $7 billion to only about $2 billion.” He explained that “the Iraqi government needs at least $120 billion to prepare & finance the Federal Budget Law in order to secure employee salaries & cover the state’s public expenses.” Tishwash: Iran Rejection Of Sudani 2nd Term. ARTICLE: Is there an American & an Iranian “veto” on the 2nd Sudanese term, or is it a fabricated political narrative? Some claim there is an Iranian veto on the nomination of Mohammed Shia al-Sudani for the premiership of the new government & that there is also an American veto on the same issue, but this is untrue. According to observers, the Iranians are too bold to conceal their position & if they have an opinion or reservation, they do not reject it outright, but rather express their stance indirectly. This has not happened at all with al-Sudani; on the contrary, there are numerous positive signals coming from the Iranian side that are in Mohammed Shia al-Sudani's favor. Similarly, the Americans are the most outspoken & direct in declaring their position & no one is clearer in expressing their political stance on such an issue. Certainly, no negative statement or insinuation regarding al-Sudani's premiership came from the Washington government or its representatives. In contrast, we find a clear American statement against al-Maliki's nomination, issued personally by US President Donald Trump, in which he unequivocally expressed his rejection of Abu Israa assuming the premiership for a 3rd time. The Americans, especially President Trump, feel no hesitation in declaring their position against any official in the world. For example, their stance on the government in Venezuela was clear & Trump himself stated it publicly on numerous occasions. The Americans undoubtedly have many ways of expressing their position, including through the American ambassador to Iraq, who speaks frankly, or the chargé d'affaires, or through Trump's envoys & representatives. But this never happened in the matter of Al-Sudani’s nomination. Those who promote this lie are “promoting it for purely political & self-serving purposes that have no relation to reality and truth.” The head of the Reconstruction & Development Bloc, Bahaa Al-Araji, said it frankly: The American veto on Al-Sudani is a clear lie. Yes, America has no veto, ban, or objection to al-Sudani. The rumors & propaganda spread by some forces within the Coordination Framework are a blatant lie & nothing more than a deliberate attempt to confuse the situation. When they claim there is a veto on al-Maliki & a veto on al-Sudani, they are pursuing a self-serving objective: to present a 3rd candidate—a candidate carefully tailored to their own interests & utilitarian needs. Indeed, these rumors are being circulated by certain parties seeking to bring in a weak PM who can be controlled & manipulated as they please. As for Iran, it has no reservations about al-Sudani. Tehran certainly knows al-Sudani's nature better than anyone else & is aware of his skill in keeping Iraq out of the conflict zone & his ability to maintain a neutral stance, specifically on the safe path. This is a point the Iranians value & are very concerned with. Therefore, officials in Tehran have sent several positive & favorable signals to the Iraqi government & its president, al-Sudani. Iran is also well aware of the al-Sudani government's supportive stance towards the Lebanese people, the resistance & Hezbollah & its prevention of any leniency or inclination by any party within the government towards any axis hostile to Iran or its allies. Therefore, the American & Iranian veto card is a false card & whoever promotes it as a rumor should look for another card. Then how can this strange paradox be believed, which says that the Sudanese are facing a veto from both opposing sides together? Logic means standing with America or standing with Iran & this means that the veto will come from one of them & not from both of them together as they cannot possibly agree on one position. Therefore, some parties within the coordination framework must look for excuses or justifications other than this narrative, which, according to many observers, has lost credibility in the eyes of a public that is now more open than ever! Tishwash: Minerals & “White Gold” Put Najaf On The Investment Map In Iraq. ARTICLE: The Iraqi Geological Survey Authority confirmed that Najaf Governorate represents one of the most prominent areas for mining investment in Iraq, due to its strategic mineral wealth & high-quality silica sand (white gold). Senior Geologist Haider Hadi Abdul Zahra, director of the Najaf office of the commission, said, “The commission is working to promote mineral investment within an integrated industrial, geological and economic environment, given the importance of this sector in supporting the na'l economy & diversifying sources of income.” He added that “the Authority seeks to develop & promote mineral investment in various regions of Iraq by developing the mining industry & making use of natural resources, while opening the door to investments in accordance with the amended Mineral Investment Law No. (91) of 1988, in a manner consistent with market requirements & contributing to the development of the industrial sector.” He explained that “the Najaf office provides facilities for the work of the Authority in the covered governorates, through monitoring the field activities of mineral investment operations, providing scientific & technical expertise related to mineral wealth and ways to invest in it, as well as supporting the field teams with experts & technicians to complete mining projects.” He pointed out that “Najaf Governorate possesses important mineral resources, most notably high-quality limestone deposits used in the manufacture of cement, marble substitutes & building materials, making it a key factor in supporting housing & urban development projects.” He added that “the governorate also contains strategic reserves of pure quartz sand & sand suitable for casting used in the ceramics & industrial molds industries & high-quality silica sand used in the manufacture of colored glass.” He explained that “there are other types of sand used in filtration systems (water filters), in addition to the sand used in the manufacture of concrete bricks, clay bricks & standard sand used in the manufacture of cement, as well as valley deposits that provide building sand, gravel & aggregates used in construction work.” He pointed out that “one of the most prominent indicators of the presence of strategic minerals in Najaf is the mineral strontium sulfate, which is used in advanced industries such as radar & television screens, which enhances the opportunities for advanced industrial investment in the governorate.” He stressed that “the diversity of mineral reserves in Najaf provides promising investment opportunities in the mining sector, especially in the cement & silica sand industries, which contributes to supporting the national economy & promoting sustainable industrial development.” Official reports & geological experts confirm that Iraq possesses huge reserves of high-purity silica sand, which is called “white gold” in economic circles, ranging between 350 million confirmed tons & expectations of up to one billion tons in the Anbar & Najaf deserts. This resource is of paramount strategic importance as it is the primary raw material for the clean energy revolution & the manufacture of solar panels, electronic chips & optical fibers. With the purity of these sands reaching 99%, Iraq seeks to transform them from a raw material into advanced manufacturing industries, which could boost the General Budget by $billions of Dollars & provide more than 10,000 job opportunities, coinciding with expectations that the global silica market will grow to reach $85.86 billion by 2033.

Here's some articles of Dinarian-GCR interests... RV - CBI The Biggest Move Yet. Treat as rumors. Not verified. Your opine. Swisher1776: IQD RV, The Biggest Move yet. ARTICLE: IQD RV: BIGGEST MOVE YET AS CBI ADVANCES IRAQ INTO SOVEREIGN RATE UPGRADE EXECUTION. The Nat'l Team & the Technical Committee for Sovereign Rating held a joint meeting with Oliver Wyman Consulting. The meeting was chaired by the head of the Nat'l Team, His Excellency the Gov of the CBI, Mr. Ali Mohsen Al-Alaq & attended by Dr. Mazhar Mohammed Saleh, Advisor to the PM & Head of the Technical Committee, along with a group of experts from relevant ministries & the private sector. The purpose of the meeting was to discuss mechanisms for improving the sovereign & credit ratings of the Republic of Iraq. During the meeting, the most prominent pillars & key issues requiring work in cooperation with int'l rating agencies S&P, Fitch, & Moody’s were discussed. Emphasis was placed on the importance of applying the five pillars adopted in rating methodologies: institutional quality & financial strength, monetary strength, economic structure & growth prospects, political events& risks & governance & overall stability. The meeting also addressed the need to build a comprehensive economic & financial base for Iraq that reflects the reform process, institutional capacities & future opportunities, ensuring its practical applicability. Furthermore, the importance of direct and continuous communication with int'l rating agencies was stressed to enhance mutual understanding & achieve sustainable positive results. This meeting comes within the framework of the government’s efforts to improve the image of the Iraqi economy & enhance int'l confidence, as the Iraqi government had announced in September 2025 the formation of the Nat'l Team for Improving the Credit Rating, which includes a select group of experts & representatives of various economic sectors, with the aim of raising the sovereign rating & supporting financial & economic stability in the country. Central Bank of Iraq Media Office January 14, 2026. Bob Moriarty: Hyper Inflation & The Return of the Gold Standard. ARTICLE/WITH VIDEO: Stijn Schmitz welcomes Bob Moriarty to the show. Bob Moriarty is Author, Founder 321 Gold & a Former Marine Fighter Pilot. The conversation delves into complex geopolitical dynamics, focusing on the current global tensions between the West's debt-based system & the East's resource-based system. Moriarty offers a critical perspective on recent global conflicts, suggesting that the US & Israel are the most aggressive nations, with potentially catastrophic consequences. Discussing Venezuela, Iran & global tensions, Moriarty argues that these conflicts are not about oil or resources, but about maintaining Western economic dominance. He believes the current geopolitical landscape represents a fundamental shift, with the West's debt-based system collapsing while Eastern nations like China, Russia & Iran are becoming increasingly powerful. He emphasizes that these countries are not enemies of the West, but are simply defending their interests. Moriarty is particularly critical of U.S. foreign policy, describing current leadership as potentially the worst in world history. He warns of a potential financial collapse, comparing the current economic situation to 1929, but "ten times worse." He strongly advocates for a return to a gold or silver-backed monetary system as a solution to the impending economic crisis. On precious metals, Moriarty is bullish, believing silver & gold are critical protection during financial chaos. He sees significant potential in these metals, noting their historical monetary importance & current industrial applications. He predicts a potential return to a gold or silver standard within the next decade. The discussion also touches on global conflicts, including potential tensions with Iran, the Ukraine-Russia war & U.S. interventionist policies. Moriarty's perspective is unequivocal: the US risks significant losses by pursuing aggressive military & economic strategies. He argues that the world is witnessing a fundamental restructuring of global economic & political power, with the Western debt-based system facing inevitable collapse. Timeline: -00:00:00 - Introduction. -00:01:05 - Venezuela Intervention Analysis. -00:05:54 - Attack on China Motive. -00:08:42 - Trump's Warpath Netanyahu. -00:10:01 - Iran Protests CIA Role. -00:13:36 - Strait of Hormuz Risks. -00:16:39 - Ukraine-Russia Conflict Insights. -00:22:10 - Debt vs Resource Systems. -00:25:47 - Precious Metals Protection. -00:29:11 - Fed Investigation Power Play. -00:32:59 - Financial Collapse Parallels. -00:37:11 - Silver Investment Thesis. -00:42:55 - Future Gold Standard Outlook. -00:45:41 - 321gold.com and Wrap Up. Google key words in above title to bring up video at source. Here's Luigi's two cents worth... This is good news if you have physical gold & silver as a hedge against inflation. The bad news is hyperinflation WILL be back due to the high costs of gold & silver. The reason why...gold & especially silver is used in all fasets of modern manufacturing. Everything from auto manufacturing, solar & computer/electronics requires huge amounts of silver & some gold. This will drive up the costs of manufacturing such items. Holding gold & silver is our only hedge against inflation. At the very least, investors will be able to stay abreast of the coming hyperinflation. Gold & silver prices will still fluctuate up & down. It's never too late to invest. IMHO.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. CBI The Digital Dinar Project: Under Implementation. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: CBI Discusses The Digital Dinar Project: Under Implementation. ARTICLE: The CBI revealed on Tuesday assurances regarding the banking reform plan in the country, while confirming that the digital Dinar project is underway. A statement from the bank said, "During a session attended by a select group of experts & specialists, the Gov of the CBI, Ali Mohsen Al-Alaq, presented a comprehensive overview of the course of banking reforms & upcoming structural plans," stressing that rebuilding the banking sector represents the main pillar of the bank's work at the present stage. He explained that "the contract with Oliver Wyman (O&W) came after the ban on dealing in Dollars imposed on a number of Iraqi banks, with the aim of implementing deep and comprehensive reforms that ensure the banking institutions' compliance with int'l standards" revealing that "there are assurances regarding the return of those banks to the normal environment after the completion of the required reform stages." The gov explained that "all Iraqi banks have signed the reform document," stressing that compliant banks will be granted the ability to deal in other currencies in gradual steps, noting that international bodies are closely monitoring the progress of work on the banking reform file. Regarding digital transformation, he confirmed that the digital Dinar project is underway, but it requires time & integrated infrastructure to ensure its optimal launch. The CBI Gov reiterated his commitment to maintaining overall price stability by keeping inflation at low levels through the stability of the official ER, which is a major success for monetary policy. He pointed out that reducing the Dinar's ER has negative repercussions on this stability, harms broad segments of citizens with limited income & weakens confidence in the nat'l currency. He stressed the need to avoid using the ER as a tool to address the structural deficit, which requires structural reforms aimed at maximizing local revenues with their vast & lost opportunities, controlling expenditures, diversifying the economy & supporting the government’s directions in this regard, according to the bank’s statement. CBI Media Office. ISX Traded Shares Worth 8 Billion Dinars In One Week. ARTICLE: The Iraq Stock Exchange announced on Tuesday that shares worth more than 8 billion Dnars were traded during the past week. The market said in a report seen by Al-Eqtisad News that "the number of companies whose shares were traded during the past week reached 64 joint-stock companies, while the shares of 30 companies were not traded due to the lack of matching purchase orders with sell orders, while 10 companies continue to be suspended for not providing disclosure out of 104 companies listed on the market." He added that "the number of shares traded amounted to 13 billion, 746 million & 87 thousand shares, a decrease of 54% compared to the previous week, with a financial value of 8 billion, 751 million & 644 thousand Dinars, an increase of 0.49% compared to the previous week, through the execution of 4685 transactions," noting that "the ISX60 index of traded prices closed at 952.03 points, recording a decrease of 1.34% compared to its closing in the previous session." He noted that “the number of shares purchased by non-Iraqi investors last week amounted to 112 million shares with a financial value of 220 million Dinars through the execution of 64 transactions, while the number of shares sold by non-Iraqi investors amounted to 76 million shares with a financial value of 161 million dinars through the execution of 89 transactions.” It is worth noting that the Iraq Stock Exchange holds five trading sessions weekly from Sunday to Thursday & lists 104 Iraqi joint-stock companies representing the banking, communications, industry, agriculture, insurance, financial investment, tourism, hotels & services sectors. CBI Media Office. Basra Crude Oil Prices Rise As Global Oil Prices Climb. ARTICLE: Basra crude oil prices, both heavy & medium, rose in line with the increase in global oil prices. Basra Heavy crude rose 43 cents, or 0.73%, to $60.77, while Basra Medium crude rose 43 cents, or 0.69%, to $62.52. Oil prices rose in early trading for the 2nd consecutive session as market participants assessed the risks stemming from Ukrainian drone attacks on Russian energy facilities, as well as escalating tensions between the US & Venezuela. Gold Prices Stable In Baghdad. ARTICLE: Gold Prices, Both Foreign & Iraqi, Remained Stable In Baghdad's Local Markets. In the wholesale markets on Al-Nahr Street, the selling price of one mithqal (approximately 4.5 grams) of 21-karat gold from the Gulf, Turkey & Europe was 850,000 Iraqi Dinars, while the buying price was 846,000 Dinars – the same prices as yesterday. The selling price of one mithqal of 21-karat Iraqi gold was 820,000 Dinars & the buying price was 816,000 Dinars. In jewelry shops, the selling price of one mithqal of 21-karat Gulf gold ranged between 850,000& 860,000 Dinars, while the price of one mithqal of Iraqi gold ranged between 820,000 & 830,000 Dinars. The UN Praises The Honorable End Of Its Mission In Iraq. ARTICLE: The head of the United Nations Assistance Mission for Iraq (UNAMI), which will leave the country at the end of December after a mission that lasted more than 20 years, praised on Tuesday a "new chapter" for an Iraq that "owns its own destiny." At Baghdad’s request, the UN Security Council decided in May 2024 to extend the mandate of the mission that has been in the country since 2003, following the US-British military intervention & the fall of Saddam Hussein, for a final period until December 31, 2025.

Here's an article of Dinarian interests... Direct From The SANDBOX Report. In Defense Of The Dinar & Declining Foreign Reserves. Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: CBI Defends The Dinar Amid Declining Foreign Reserves. ARTICLE: The CBI affirmed its continued policy of defending the Dinar's ER against the USD. In a statement yesterday, the bank said, "The information circulating on some websites & social media regarding a reduction in the exchange rate to 4,000 Dinars is baseless," emphasizing that "current monetary indicators support maintaining the current ER." The statement reiterated the bank's commitment to financial & monetary stability in the country. Meanwhile, economic data revealed a decline in Iraq's foreign reserves for three consecutive years, an indicator that warrants careful consideration. According to economic reports, (reserves reached $111.7 billion in 2023, then decreased to $100.2 billion in 2024 & continued to decline to reach $98.1 billion by September 2020). The reports added that (Iraq lost more than $13 billion of its reserves in just two years, or about 12 percent of its previous balance). They pointed out that (this decline, although it appears gradual, carries worrying economic implications, most notably increased pressure on the local currency, as foreign reserves constitute the 1st line of defense for the Dinar's ER. The reports explained (the erosion of the financial surplus resulting from high oil prices, which suggests excessive government spending or weak revenue management, in addition to the continuation of a rentier economy dependent on oil, where the size of the reserves is directly linked to fluctuations in oil prices & not to non-oil production or exports). They emphasized that (Iraq is consuming more of its savings than it is adding to them, a path that cannot continue without genuine financial reform. Meanwhile, economist Basim Jamil Antoine believes that approving this year's Budget after the elections seems unlikely due to disagreements & violations of the law. In a statement yesterday, Antoine explained that "a Budget is a fundamental principle in any country & requires accurate final accounts. Disagreements have prevented the approval of this year's Budget & the preparation of next year's Budget." He emphasized that "political conflicts have also affected the process," noting that "the Budget is a routine matter that can be completed within a month, but the conflict between the blocs has delayed it." For his part, economist Salah Nouri pointed out that the Financial Management Law served as a vital safeguard, saving Iraq from a potential financial deficit by regulating mechanisms for dealing with delays or failures in approving the federal budget within the specified deadlines. Nouri stated yesterday that the Financial Management Law addresses cases related to the approval of the General Budget. He pointed out that Article 13 stipulates clear procedures to ensure the continuity of spending, even if the Budget is delayed beyond December 31st of the year preceding its preparation. Nouri explained that the same article authorizes the Minister of Finance to issue official circulars based on specific criteria, allowing for expenditures of one-twelfth of the total actual current expenditures for the previous fiscal year, after excluding non-recurring expenses to guarantee the uninterrupted payment of employee salaries & the operation of government facilities. He further explained that the article also permits expenditures from the total annual allocation for ongoing investment projects whose allocations are included in the previous & subsequent fiscal years, according to the actual completion rates or completed stages of preparation, with the aim of preventing the suspension of projects under implementation He emphasized that the third paragraph of the article precisely addresses the situation of the Budget not being finalized, stipulating that the final financial statements of the previous year be adopted as the basis for the financial statements of the new year, provided that these statements are presented to the Council of Representatives for approval. This ensures the continuity of the state's financial activity in a legal &organized manner. He added that this article, with r, aits various paragraphs, The t3 represent a comprehensive solution to the delay or failure to approve the Budget by the end of the fiscal year & thus Iraq avoided falling into financial paralysis, especially after the House of Representatives approved a 3-year Budget, which contributed to strengthening financial stability & regulating government spending within clear & specific ceilings.

Here's some CBI Media Office Updates... CBI Weekly Media Office Updates. Treat as rumors. not verified. Your opine. FROM IRAQI SOURCES: CBI Denies Claims Of Reducing The Dinar's ER To 4,000 Against The USD. ARTICLE: The CBI denied on Tuesday claims of a reduction in the Dinar's ER against the USD. A statement from the bank indicated that "some news websites and social media outlets have circulated reports claiming to be based on a study by the CBI suggesting the possibility of reducing the Dinar's ER to 4,000." The bank affirmed, according to the statement, that "the report is false, and the bank continues to defend the current exchange rate, with current monetary indicators supporting this stance." CBI Media Office The CBI Denies Rumors Of A Dinar Devaluation. ARTICLE: The CBI denied on Tuesday (November 11, 2025) rumors of the Dinar's decline, stressing that they were untrue and were not issued by any official body. The bank's media office stated in a statement that "the CBI denied the news circulating about the expected decrease in the value of the dinar to 4,000 Dinars against the Dollar, stressing that this information is incorrect & was not issued by any official body within the bank." The bank called on the media and citizens to rely only on official sources & to avoid being drawn into rumors aimed at creating financial panic in the market. CBI Media Office A source Clarifies: There Will Be No Change To The ER The CBI Continues To Defend It. ARTICLE: Some media outlets reported on a study suggesting a government plan to adjust the ER in the future. However, it turned out that this plan, which was published in studies, did not originate from the central bank & dates back more than ten years. In this context, a source from the CBI confirmed on Tuesday (November 11, 2025) that foreign reserves remain at comfortable levels sufficient to cover imports & enhance the stability of the financial market. The source explained that "the CBI continues to defend the current rate & that the monetary & financial indicators in the country are stable & support this trend." This denial comes after unofficial reports circulated on digital platforms claiming that there was a government intention to adjust the ER in the future. CBI Media Office Iraq Avoids Budget Deficit Thanks To One Factor... Expert Reveals The Secret. ARTICLE: Economic expert, Salah Nouri, revealed that the Financial Management Law No. 6 of 2019 served as a safety valve that saved Iraq from entering a state of financial deficit. by addressing cases of delay in approving the federal general budget law or its failure to be approved on the specified dates. Nouri told Al-Furat News Agency that: “The Financial Management Law has addressed several cases related to the approval of the Federal General Budget Law,” noting that “Article 13 stipulated clear procedures to ensure the continuity of spending even if the Budget is delayed beyond December 31 of the year preceding the year in which it was prepared.” He explained that "the aforementioned article authorized the Minister of Finance to issue an official circular based on specific criteria, whereby it permits spending at a rate of {1/12} or less of the total actual expenditures for current expenses for the previous fiscal year, after excluding non-recurring expenses to ensure the continuity of employee salaries & the operation of government facilities without interruption." Nouri added that "the same article allowed for spending from the total annual allocation for ongoing investment projects whose allocations were included during the previous & subsequent fiscal years, according to the actual completion rates or completed stages of preparation with the aim of preventing the suspension of projects under implementation." The economist explained that “the third paragraph of the article accurately addressed the situation of the budget not being approved at all, as it stipulated that the final financial data of the previous year be adopted as the basis for the financial data of the new year, provided that this data is submitted to the House of Representatives for the purpose of approval, which ensures the continuation of the state’s financial activity in a legal& organized manner.” Nouri stressed that “this article, with its three paragraphs, represented a comprehensive solution to the situation of delaying or not approving the budget at the end of the fiscal year,” explaining that “thanks to it, Iraq avoided falling into financial paralysis, especially since the House of Representatives had previously approved a budget for three years {2023 – 2024 – 2025}, which strengthened financial stability & contributed to regulating government spending within specific & clear ceilings.” CBI Media Office

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. CBI Media Office Updates. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Ministry Of Commerce Is Exploring Ways To Develop The Central Fleet & Enhance Logistical Support To Ensure Smooth Processing& Distribution. ARTICLE: The Ministry of Trade held an expanded meeting chaired by the Undersecretary of the Ministry for Administrative Affairs, Sattar Al- Jabri & attended by the Director General of the Planning and Follow-up Department & representatives of the legal & regulatory departments & the transport department, to discuss the plan to develop the ministry’s central transport fleet for the year 2026. The Ministry’s media office statement explained that the meeting reviewed the most prominent technical & administrative requirements for developing the central transport system & discussed mechanisms to enhance the efficiency of the fleet & the maintenance & rehabilitation of trucks & vehicles, in addition to preparing a plan to modernize the fleet to keep pace with the needs of transporting food items within the ration card items & other logistical tasks. Undersecretary Al-Jabri stressed theimportance of providing technical and administrative support to ensure the continuity & efficiency of transportation operations. He emphasized that fleet development contributes to raising performance levels & achieving faster & smoother processing & distribution, thus strengthening the ministry's role in securing the items included in the ration card & supporting nat'l food security. CBI Media Office. The Center For Banking Studies Is Organizing A Workshop On Digital Transformation In Banking. ARTICLE: The Banking Studies Center organized a training workshop entitled“Digital Transformation in Electronic Banking & Financial Services”,with the participation of a number of employees of banks & financial institutions. The workshop aims to raise the efficiency of participants in the areas of digital transformation, & to introduce the latest applications & technologies adopted in electronic financial services, in order to contribute to the development of banking performance & the expansion of the use of modern digital solutions. It is worth noting that organizing this workshop comes within the framework of the annual training program aimed at supporting digital transformation in the Iraqi banking sector, in line with the strategic directions towards enhancing financial inclusion & improving the quality of services provided to citizens. CBI Media Office The Center For Banking Studies Signs A Cooperation Framework With The Accounting & Auditing Organization For Islamic Financial Institutions (AAOIFI). ARTICLE: The Center for Banking Studies concluded a joint cooperation framework with the Accounting & Auditing Organization for Islamic Financial Institutions (AAOIFI), on the sidelines of the 20th edition of the Islamic Banking & Finance Conference organized by the organization in the Kingdom of Bahrain, during the period from 2 to 3 November 2025. The cooperation framework aims to enhance partnership in the areas of training, professional qualification & the development of Iraqi competencies in the Islamic banking sector, through the exchange of experiences, the implementation of joint training programs & support for the center’s efforts in adopting & transferring int'l standards for Islamic financial institutions to the Iraqi banking environment. The AAOIFI-Islamic Development Bank Conference is one of the world’s leading events in the field of Islamic banking. This year’s twentieth editionaddresses some of the most pressing issues in the global economy,highlighting development that are reshaping de the response of Islamic financial institutions & stakeholders to fundamental shifts in the int'l financial system. In this context, the Director of the Banking Studies Center, Dr. Mustafa Munir Ismail, affirmed that concluding the cooperation framework with the AAOIFI represents a qualitative step towards expanding the center’s regional & int'l partnerships, noting that the next phase will witness the implementation of specialized professional programs in accordance with the latest int'l standards & in a way that enhances the efficiency of workers in the Iraqi financial & banking sector. He added that the center, under the direct guidance of the CBI,continues its efforts to develop human capital & enhance Iraq’s standing in int'l banking forums, by opening up to leading experiences & adopting the best global practices in banking & finance. CBI Media Office

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The Project To Remove Zeros From The Dinar Is Still Ongoing & Is Being Planned. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: CBI: The Project To Remove Zeros From The Dinar Is Still Ongoing & Is Being Planned. ARTICLE: The Gov Of The CBI, Ali Al-Alaq,confirmed that the 3rd Budget"included very large expenditures & a high deficit," noting that the issue of removing zeros from the Dinar may witness developments in the coming period. On the sidelines of Al-Alaq's participation in theDuhok Conference on Economic & Financial Problems in Iraq & the Kurdistan Region, Al-Alaq said, "The Budget for the three years included very large expenditures & therefore the deficit was high" However, there is ongoing coordination between the CBI & the Ministry of Finance to achieve a high degree of financial stability." He added, "The issue of removing zeros from the Iraqi currency is a project that is still ongoing & being planned & we may hear developments regarding it in the coming period." He pointed out that,"With the renewed proposal for the zero-removal project, which is currently being prepared, the currency denominations will be restructured in general, including the 20,000 denomination." What Did The IMF Report Say About The Economic Situation In Iraq? ARTICLE: Mawazine News - Follow-up: The International Monetary Fund (IMF) revealed, on Wednesday, its expectations for economic growth in Iraq to increase & inflation to decrease. The IMF stated in a report followed by Mawazine News, "After reviewing the latest report on the World Economic Outlook, the Fund expected economic growth in Iraq to increase & inflation to decrease." The report's data came as follows: Domestic Product (GDP) Growth: Iraq's real GDP is expected to grow by 0.5% this year, after it was expected in April to record a contraction of 0.2%. In 2026, growth is expected to rise to 3.6%, after previous estimates indicated growth of only 1.4%. Inflation: Inflation estimates for 2025 were lowered from 2.5% to 1.5% & those for 2026 were lowered from 2.7% to 2.5%. These revisions reflect increased optimism about the recovery of the Iraqi economy & price stability compared to previous estimates. Does Public Debt Pose A Real Threat To The Nat'l Economy? An Economist Explains. ARTICLE: Economic expert, Munir Al-Obaidi, clarified the extent of the danger of internal & external debt to the Iraqi economy, indicating that the danger of the internal debt does not lie in its absolute value, but rather in its ratio to the gross domestic product. This is according to data from the Central Agency for Statistics. Al-Obaidi said in a post reviewed by Mawazine News that “during the past few days, which witnessed widespread media coverage of the internal debt & its amount, this raised legitimate questions about whether this debt poses an actual danger to the nat'l economy & what is the nature of this danger, if any. In order to understand the picture accurately, the issue must be analyzed from several interconnected angles, the 1st of which is the size of the debt relative to the gross domestic product.” He added, "Iraq's GDP is around 230 trillion Dinars, which makes the ratio of domestic debt to GDP around 39%, which is lower than the critical ratio of 50% set by many countries. "He pointed out that "the concern here stems from the composition of the GDP itself, as more than 65% of it depends on the oil sector. If oil prices decline, the GDP will shrink, raising the debt-to-GDP ratio even if the debt level remains constant, which exacerbates the risk." He continued, "One of the most prominent challenges is the high interest rates on domestic debt instruments. Recent bonds were issued with an annual interest rate of nearly 10%, a high rate that could burden the General Budget with additional expenditures, especially if oil revenues decline. Over time, the government may find itself facing a financing burden that could be very difficult to sustain." Regarding the deflationary impact on economic activity, Al-Obaidi pointed out that "government bonds represent a tool of deflationary policy. When the state resorts to borrowing from banks at high interest rates, these banks' appetite for financing productive projects decreases. This means that the private sector will be negatively affected by the shrinking financing opportunities, limiting its ability to contribute to economic growth." From another perspective, the economic expert explained that "the absence of investment investment opportunities for domestic debt is not a problem in & of itself if it is directed towards strategic & service projects that create added value & job opportunities. However, when used solely to cover the operating deficit, it becomes a burden that hinders the state's ability to increase its investment spending, thus weakening the growth of the non-oil sectors that the economy needs to achieve diversification." He concluded by saying, "Government debt has a significant impact on the banking system, as government debt rose by 116% over the course of a year, reaching 13% of total banking system assets, up from just 6% in 2024. This rapid expansion poses risks to the soundness & sustainability of the banking system, as it increases its exposure to sovereign risks & limits its flexibility in financing other economic activities. Concerns about domestic debt are not only related to its size, but also to the nature of its use, structure, cost & impact on the overall economic environment. Therefore, managing domestic debt requires a comprehensive vision that takes these factors into account before embarking on any new expansion."

Here's some articles of Dinarian interests... It Has Started: CBI Begins Implementation Of The Comprehensive Banking Project. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Representative: Washington Controls Iraqi Financial Transfers & Hinders Economic Independence. ARTICLE: Member of Parliamentary Finance, Moeen Al-Kadhimi, confirmed today, Sunday, that the US imposes direct control over financial transfers in Iraq, which restricts the country's ability to conduct its banking transactions freely & independently, noting that Washington is exploiting this issue to serve its political & economic interests. Al-Kadhimi said in a statement, "The US is still exerting pressure on the CBI through the SWIFT financial transfer system, which prevents Iraq from dealing freely with a number of countries & negatively affects the movement of the nat'l economy." He added, "Washington is exploiting this system as a tool for political pressure, controlling the access of funds to a number of sectors & imposing restrictions on foreign transfers, especially those related to trade & imports." Al-Kadhimi indicated that "Iraq does not yet enjoy full financial sovereignty due to these interventions that serve American interests without taking into account the needs of the Iraqi market or the requirements of the country's economic security." CBI Media Office. The ER Continues To Stabilize In Baghdad: ARTICLE: The CBI Begins The Actual Implementation Of The Comprehensive Banking Project. The CBI's actions &d efforts, in partnership & consultation with private banks, have been fruitful in facilitating the implementation of the objectives, programs, mechanisms & standards of the comprehensive banking reform project. This was achieved in collaboration with the government & the global consulting firm Oliver Wyman, as well as the objectives & initiatives of its 3rd strategy. The primary objective is to build a robust, modern, inclusive & flexible banking sector that drives rapid growth for the nat'l economy & contributes to achieving a cumulative increase in the gross domestic product & growth in the banking sector's market value. Given that economic reform begins with banking reform, the challenges facing the Iraqi economy & the opportunities for reform in the banking & financial sector are highlighted in the government's program. The CBI's future vision for the banking sector's role in achieving sustainable development & investment is also highlighted, as are the current efforts to activate & revolutionize productive non-oil economic sectors to diversify sources of nat'l income, achieve financial sustainability & accelerate economic growth. The CBI's role in regulating foreign trade financing, completing infrastructure projects to achieve comprehensive digital transformation & expanding the use of electronic payment tools to achieve financial inclusion are also highlighted. It will contribute to providing opportunities for reform, development, empowerment & growth of the private banking sector during 2025-2028, as follows: 1st: Developing the Iraqi banking system & its compliance with int'l banking & accounting standards. 2nd: Building a sound, modern, comprehensive & flexible banking sector. 3rd: Enhancing citizens' confidence in the banking sector locall & achieving int'l recognition of its transparency, progress & strict adherence to int'l standards, as well as gaining the trust of reputable correspondent banks to deal with it. 4th: Rehabilitating restricted & weak banks to return to activity in the banking market with full internal & external activities. 5th: Transforming banks to their primary function, which is financing & bank lending for development & enhancing financial inclusion & increasing its current rate as planned. 6th: Strengthening the procedures & decisions for the transition from a cash economy to a digital economy, withdrawing funds outside the banking cycle, which constitute approximately 80% & introducing them into the banking system. Although the period specified for its implementation according to the banking reform project & the CBI strategy is three years, what was achieved in 2023 & 2024 until June 30, 2025 in terms of building foundations, rules & pillars that formed a supporting pillar in building the mechanisms & paths of the desired reforms & they constitute ambitious percentages, as announced, which will lead to the evaluation & classification of banks based on their achievement of the planned objectives in the reform project according to the internationally approved standards & criteria. CBI Media Office. The Three Strategic Projects For Financial Transformation. Saleh Mahoud, the PM's advisor for banking affairs, confirmed on Saturday that the CBI is working on three strategic projects for financial transformation. In a press statement, followed by Al-Eqtisad News, Mahoud said, "The CBI is currently working on three very important projects that will propel Iraq to important & advanced levels." He noted that these projects are: 1- the local electronic card. 2-rapid payment. 3-the billing system. He added, "The CBI now has timelines for completing these 3 projects in order to achieve a shift in financial inclusion to greater & greater levels," noting that "Iraq often benefits from global experiences, especially in the financial sector-digital transformation." CBI Media Office. The Dollar ER Stabilizes. The dollar ER witnessed remarkable stability against the Dinar in local markets in the capital, Baghdad, on Sunday. The selling price reached 142,550 Dinars per $100, while the buying price reached 140,500 Dinars per $100. CBI Media Office. Iraq's Oil Exports To The US Rise. The US Energy Information Administration announced, on Sunday, an increase in Iraqi oil exports to the US during the past week. The administration said that “US crude oil imports during the past week from 10 major countries averaged 5.530 million barrels per day, an increase of 317,000 barrels per day compared to the previous week, which averaged 4.847 million barrels per day.” It added that “Iraq’s oil exports to the US averaged 135,000 barrels, an increase of 127,000 barrels per day compared to the previous week, which averaged 8,000 barrels per day.” The administration also indicated that “the largest oil revenues to the US during the past week came from Canada, at an average of 3.600 million barrels per day, followed by Al-Masbak, at an average of 494,000 barrels per day, from Libya, at an average of 225,000 barrels & from Nigeria, at an average of 219,000 barrels per day.” According to the administration, "US crude oil imports from Brazil averaged 210,000 barrels per day, from Saudi Arabia 195,000 barrels per day, from Venezuela 194,000 barrels per day, from Ecuador 187,000 barrels per day, and from Colombia 71,000 barrels per day." CBI Media Office.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Controlling ER Is The Responsibility Of The CBI & The Challenges Facing Banks Continue. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Economist: Controlling ER Is The Responsibility Of The CBI & The Challenges Facing Banks Continue. ARTICLE: Economic expert Salah Nouri affirmed on Friday that the financial system & ER control are among the primary responsibilities of the CBI, noting that the bank faces numerous challenges in this area. Nouri told Al Furat News Agency, "The CBI faces challenges in light of the fact that many private banks operate outside its controls & conditions, in addition to the conditions set by the US Federal Reserve regarding foreign currency transfer. He added, "Controlling ER in the parallel market is difficult to completely eliminate. Rather, the solution lies in reducing price fluctuations through the flexibility of the CBI's tools in response to global fluctuations." Nouri continued, "Private banks' response & adaptation to the CBI's lending instructions contributes to revitalizing the Iraqi economy. "He explained that "the instructions for external financial transfers for import purposes are similar to the US Federal Reserve's procedures in this area, which requires private banks to fully adapt & comply with the CBI's instructions." Revealing US Efforts To Ensure Continued Kurdistan Oil Exports. The Trump administration is working to ensure continued oil exports from northern Iraq— resumed after a two-year hiatus—in the long termto support the country's economy,generate gains for American companies & counter Iran's influence in the region. According to a report published by the Asharq Al-Awsat website, the US is focused on ensuring the implementation of the oil export agreement & fulfilling its financial obligations, according to a senior US State Department official who requested anonymity due to the confidentiality of the talks. The official added that Washington has been working over the past weeks to bring int'l oil companies together with the Iraqi & Kurdish governments, an effort that included hundreds of phone calls & meetings that paved the way for reaching the agreement. The US' role in resuming shipments through the pipeline to Turkey's Mediterranean coast also enhances the agreement's long-term sustainability. The current agreement is only valid until the end of the year, during which the parties are scheduled to hold talks on the companies' dues, amounting to hundreds of millions of Dollars, while Türkiye is pushing for new terms for the transportation of crude. Secretary of State Marco Rubio explained last week in a post on the X platform that the agreement “will deliver tangible benefits to both Americans & Iraqis, while reaffirming Iraq’s sovereignty.” According to Iraqi and Kurdish officials,US pressure was a decisive factor in reaching the export agreement & Washington is now seeking to transform it into a long-term agreement that also protects the interests of American companies. UN Warns Of Iraq's Reliance On Oil To Secure Salaries. The United Nations Development Programme warned on Saturday that Iraq's continued dependence on oil to secure salaries. "The Iraqi state's near-total dependence on oil & the salaries of 8 million government employees is hampering any real path to sustainable development," said Abdullah Al-Dardari, Assistant Secretary-General of the United Nations,Assistant Administrator & Director of the Regional Bureau for Arab States at the United Nations Development Programme. He called for"investment in infrastructure, agriculture, renewable energy & technology as essential pillars of economic diversification." Oil Minister: More Than One Million Barrels Have Been Received From The Region So Far. Oil Minister Hayan Abdul Ghani announced, on Saturday, the receipt of more than one million barrels from the region so far, while confirming the loading of the first tanker with the region's oil into the port of Ceyhan. Abdul Ghani said, according to the official agency: "Several days ago, the process of pumping oil from the Kurdistan region towards the port of Ceyhan was resumed via the Iraqi-Turkish pipeline after a halt of more than two years for this pipeline," noting that "for the first time, the federal government receives oil produced in the region and undertakes the process of exporting it outside Iraq." He added that "the quantities received so far have reached more than one million barrels."

Here's some articles of Dinarian interests... CBI Directs Banks To Stay Open Except Ordered By GOI. Treat as rumors. Not verified. Your opine. TNT via Tishwash: The CBI Directs Banks Not To Suspend Their Work Except By A Decision From The Federal Government. ARTICLE: The CBI directed banks & financial institutions not to suspend their work except by a decision from the federal government, not by holidays granted by local governments. Shafaq News Agency obtained a document signed by the acting deputy governor, Ammar Hamad Khalaf & addressed to all authorized banks & non-banking financial institutions, which stated: “Based on Board of Directors Resolution No. (105) of 2025, it was decided that you (the general administration & branches) are committed to the official holidays determined exclusively by the federal government. In order to ensure the smooth flow of banking & financial services provided to citizens, and due to the nature of the connection between the work of various financial institutions & the work of this bank.” Under this decision, all banks and financial institutions must adhere to official working hours when there is a holiday granted by the local governments in Baghdad & other provinces. Tishwash: The CBI Signs A Training Agreement With The British Council. The CBI announced today, Wednesday, the signing of a training agreement with the British Council. Al-Yenk said in a statement followed by Al-Masry, “Under the patronage of the Governor of the CBI, Ali Mohsen Al-Alaq, the CBI signed a training cooperation agreement between the bank & the British Council, in the presence of the British Ambassador to Iraq, Irfan Siddiq. The agreement was signed on behalf of the CBI by the Director of the Human Resources Affairs Directorate, Falah Salim & on the British side by the Director of the British Council, Ben Luton & the Country Director of the British Council.” He pointed out that "this agreement comes within the framework of enhancing joint cooperation between the two parties, aiming to develop the capabilities of CBI employees in the field of the English language, through organizing specialized training courses in cooperation with the British Council, which contributes to raising linguistic proficiency & enhancing professional communication at the regional & int'l levels." Tishwash: The Liquidity Problem: Between The CBI's Response & The Effects Of The Rent Model. Dr. Haitham Hamid Mutlaq Al-Mansour: Macroeconomic policy faces a liquidity and financing problem that directly impacts various aspects of economic & living life. The roots of this problem lie in accumulated structural imbalances that make it difficult to achieve sustainable financial stability. The declining capacity of the productive base has limited the accumulation of fixed capital & the contribution of real non-oil sector output, favoring near-total reliance on oil revenues, which constitute more than 90% of state revenues, to pay for imports. Because Iraq's traditional economic equilibrium cycle is virtually non-existent, liquidity management will be constrained by oil revenues. This situation makes the General Budget's performance vulnerable to the shocks of fluctuating global oil prices, causing immediate financial crises manifested in the difficulty of financing projects and delayed payments for operational expenditures. In the face of this challenge, the CBI's efforts to address it stand out through steps to reform the banking system & enhance banks' ability to manage liquidity by promoting financial inclusion, increasing banking sector productivity, creating a healthy competitive environment & strengthening the banking system's ability to address risks. To sustainably address the liquidity and financing shortages at the strategic level, real technical reforms & an investment-attractive climate are required. The future of liquidity, therefore, depends on the ability of macroeconomic policy to unshackle rents, implement radical reforms in financial management, stimulate productive sectors & direct spending. Therefore, the liquidity shortage represents a complex phenomenon that goes beyond a temporary shortage of liquidity. It reflects deep structural imbalances in the financial & monetary structure, which requires an analysis that explores its structural roots, as follows: The expansion of government spending in multiple directions, the most dangerous of which is the continued & clearly flabby employment within government institutions & the failure to control, rationalize & discipline spending within the constraints of basic Budget items. This requires a genuine boost to private sector growth & freeing it from the "crowding-out effect." The rentier nature of the economy, its overwhelming reliance on rentier revenues in the General Budget & the limited diversification of revenue sources outside this sector have reinforced the Budget's dependence on fluctuating revenues from this sector, leading to a persistent government deficit. The banking system's reduced flexibility in stimulating savings & deposits, which in turn reduces the ability of Iraqi banks to absorb liquidity from individuals in the form of deposits & savings. The limited stability of the investment environment due to bureaucracy & legal gaps discourages investors from investing in important sectors, particularly infrastructure projects, which can generate external savings for investment activity, increase real GDP growth rates & raise the level of fixed capital formation. Implications of the growth of the informal economy: The informal economy is estimated to represent approximately 34% of GDP in the parallel currency market, controlling approximately 40% of Dollar transactions. This increases the leakage of liquidity outside the formal economy's income cycle, which is targeted by budget allocations. Iraq's 2023 Budget amounted to approximately 198.9 trillion Dinars, with a deficit of 65 trillion Dinars, while the 2024 Budget reached 211.8 trillion Dinars, with a deficit of 84 trillion Dinars. The 2025 Budget was allocated due to the decline in global oil prices. Iraq exports approximately 100 million barrels of oil per month & its price fluctuates, ranging between $68 & $72 last year. During the first 11 months of 2024, oil revenues amounted to 119 trillion Dinars, at a monthly rate of approximately 10 trillion Dinars, which was used to cover operating expenses. This exacerbated the growing government deficit, which is reflected in limited liquidity to cover budget expenditures, leading to an increase in government debt as the deficit grows. It can be concluded from the above that technical measures, despite their importance & rapid response in the monetary & financial sectors to address the liquidity problem, remain limited as a long-term strategy for sustainable financing unless they are accompanied by deep, gradual reforms in the financial & real sectors that address the roots of the structural crisis and create a new formulation for the development financing approach. This approach works to develop a path for generating added value for the non-oil GDP and planning policies to develop this sector, increasing its productivity & exports while reducing imports by the same percentage. The future of long-term development financing in Iraq depends on the economic system's ability to recover from a "rentier model" to a "diversification model."

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. CBI Reserves Declined By More Than 12% In Three Years. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Expert: CBI Reserves Declined By More Than 12% In Three Years. ARTICLE: Economic affairs expert, Manar Al-Obaidi, confirmed today, Friday, that the CBI's reserves witnessed a significant decline of more than 12% from the end of 2022 until March 2025. Al-Obaidi said, in a statement received by Mawazine News, that "reserves declined by more than 20 trillion Iraqi Dinars in a period of only 15 months, at a rate of 1.3 trillion Dinars per month, equivalent to one billion Dollars." He added, "This decline cannot be read in isolation from the continuous rise in the import bill, which has begun to drain the state's hard currency resources on a daily basis." Al-Obaidi pointed out that "this decline is due to Iraq's almost total dependence on foreign exchange to meet its consumer & production needs, in light of the absence of efficient local alternatives, the weakness of the industrial and agricultural sectors & the continued operation of the currency window mechanism in its current form." Gold Is Heading For Its Biggest Weekly Decline In 6 Months. Gold prices fell in early trading on Friday, heading for their biggest weekly decline in six months, as a stronger Dollar & easing trade war concerns reduced its safe-haven appeal. Spot gold fell 0.1 percent to $3,235.59 per ounce by 0027 GMT. Gold has fallen more than 2 percent so far this week & is on track for its worst weekly performance since November. US gold futures rose 0.4 percent to $3,239.20. The Dollar has risen 0.4 percent so far this week and is on track for its fourth consecutive weekly gain. A stronger Dollar makes Dollar-priced gold more expensive for holders of other currencies. The US & China agreed earlier this week to temporarily reduce massive mutual tariffs, calming a trade war that had raised fears of a global recession. As for other precious metals, spot silver fell 0.2 percent to $32.61 per ounce, platinum rose 0.3 percent to $992.55 & palladium fell 0.7 percent to $961.50. For The 2nd Week, Oil Prices Achieve Gains In Global Markets. Oil prices stabilized on Friday, but were on track for a 2nd consecutive week of gains, supported by optimism over trade developments between the US & China. Brent crude futures fell one cent to $64.52 a barrel, while US West Texas Intermediate (WTI) crude futures rose two cents to $61.64. Iraq Has Begun Implementing A Project To Digitally Preserve Its Historical Heritage. The PM's advisor for artificial intelligence, Diaa Al-Jumaili, confirmed that Iraq has begun implementing distinctive projects using modern technology, such as the project to digitally preserve historical heritage using digital scanning & 3D printing techniques. This is used to preserve shrines, manuscripts & historical buildings, enabling their recovery in the event of their loss due to natural disasters such as earthquakes & floods. He added to Al-Zaman during the eighth int'l scientific conference of the Union of Arab Statisticians, held in cooperation with Tishk University in Erbil, under the theme (The Impact of Artificial Intelligence & Effective Statistics to Achieve the UN Sustainable Development Goals), that “an Iraqi team used 3D printing to redesign an old turbine that generates electricity in the Haditha Dam, which reflects the use of artificial intelligence in preserving infrastructure. In addition to cultural heritage, old books are being converted into digital copies that can be read & analyzed, in a step towards digital documentation of historical & intellectual content. This also confirms that every revolution has brought about a change in the type of skills required, but it did not eliminate job opportunities, but rather changed their nature. For example, the 1st Industrial Revolution, which was associated with the steam engine, raised concerns among those whose professions depended on horses, but it created new jobs in fields such as coal mining & iron smelting. This analogy justifies present-day fears of artificial intelligence, but calls for understanding it as a tool for positive change for those with the appropriate skills. The Fourth Industrial Revolution, unlike its predecessors, will activate new roles based on talent.” Philosophy & cognitive depth & an example of this is the well-known Iraqi doctor (Alaa Bashir), who combined medicine & art (being a sculptor & painter), which made him a model for the multiplicity of skills required by this stage). Cultural Heritage. He also pointed out that (unfortunately, some Arab societies, especially the poor ones, do not deal with the 4th Industrial Revolution & this is due to the lack of training & weak qualification in the fields of modern technology, while Iraq has greatly excelled in this field, especially after the decision of PM Eng. Mohammed Shia Al-Sudani, to introduce artificial intelligence & use it in ministries & institutions. My role as a volunteer consultant for artificial intelligence and education in Iraq, I do not receive a salary, but I sometimes spend from my own money because I find great pleasure & benefit in it, expressing my belief that Iraq has a huge cultural & artistic heritage that the West can learn about & Iraq, after consuming Western content, needs to highlight its own content of texts, plays & arts, because Iraq excels in visual arts compared to many countries in the world, which is an indication of the depth & richness of the local creative environment). He also stressed the importance of respecting linguistic & cultural diversity in Iraq & the need to involve children in learning different languages from an early age. The Kurdish language contains about 200,000 words, while the Arabic language contains about 12.5 million. This is a rich cultural resource that should not create division, but rather cultural integration. We see this cultural diversity in Iraqi events, such as weddings that include Kurds & Arabs from different regions. This diversity is considered a source of generative artificial intelligence, because it nourishes creativity & innovation through different references & backgrounds.

Here's some articles of Dinarian interests... The CBI's Trilogy Curbs The Parallel Market. The USD Drops To A Historic Low For The 1st Time Since 2022. Treat as rumors. Not verified. Your opine. KTFA via Clare: Al-Sudani Arrives In Ankara & Considers The "Development Road" Project An Economic Approach To Confronting Crises. ARTICLE: PM Mohammed Shia al-Sudani arrived in the Turkish capital, Ankara, on Thursday morning for an official visit, according to a brief statement issued by his media office. Before heading to Ankara, Al-Sudani wrote a newspaper article in which he described the "Development Road Project," which Iraq has begun constructing to transport goods from the Gulf via Turkey to Europe, as a move toward an economic approach to addressing crises. In his article, the PM said, "Iraq calls for adopting an integrated economic approach that addresses development disparities & enhances collective capacity to confront food, energy & supply chain crises." He added, "The Development Road project, which is nearing completion, is a practical model for this approach & can serve as a foundation for genuine Arab partnerships." Al-Sudani continued, "Today, we are not only rebuilding Iraq, but we are also participating in reshaping the Middle East through a balanced foreign policy, informed leadership, development initiatives & strategic partnerships." Al-Sudani's visit to Ankara came to participate in the meetings of the Iraqi-Turkish Supreme Council for Strategic Cooperation. Fahrettin Altun, the head of the Turkish Presidency's Communications Department, confirmed in a post on Twitter on Wednesday that Al-Sudani will make an official visit to Turkey accompanied by a high-level delegation and will meet with President Erdogan at the presidential complex in the capital, Ankara. The Turkish official added that Turkish-Iraqi relations and current regional & int'l developments will be discussed, in addition to holding a high-level Strategic Cooperation Council meeting between the two countries. Alton stated that documents aimed at strengthening cooperation in various fields between the two countries are expected to be signed during Al-Sudani's visit, predicting that Al-Sudani's visit will strengthen the already strong Turkish-Iraqi relations in many areas. On Tuesday, Mukhtar al-Moussawi, a member of the Iraqi parliament's Foreign Relations Committee, revealed to Shafaq News Agency that al-Sudani will visit Türkiye this week & will discuss security, economic & water issues in Ankara. The Iraqi embassy in Ankara announced last Monday the arrival of an official Iraqi delegation in preparation for the signing of bilateral memoranda of understanding. Iraqi Ambassador to Ankara, Majid al-Lajmawi, stated that Iraqi PM Mohammed Shia al-Sudani's upcoming visit to Turkey will include discussions on several issues, including development, energy & trade. Turkish Transport Minister Abdulkadir Uraloğlu previously announced that Iraqi PM Mohammed Shia al-Sudani will visit Türkiye in the coming days, while Turkish President Recep Tayyip Erdoğan will visit Iraq during the first half of this year. Clare: Al-Sudani: Baghdad Is Hosting The Arab Summit At An Exceptional Moment For The Region. PM Mohammed Shia al-Sudani affirmed on Thursday that Baghdad is hosting the Arab Summit at an exceptional moment for the region, calling for responsible Arab discourse & economic integration to confront challenges. In his speech at the opening of the Arab Summit in Baghdad, Al-Sudani said, "The Arab Summit in Baghdad comes in a transformative context. It is a moment when the Iraqi national will converges with the general Arab hope to overcome differences and move towards building an effective & comprehensive Arab cooperation system." He added, "Today we need a responsible Arab discourse based on political realism and a belief that solidarity does not mean conformity, but rather respect for particularities within a common goal and destiny." Al-Sudani pointed out that "Iraq believes that strengthening Arab action begins with strengthening relations between Arab capitals from the Gulf to the Atlantic, based on mutual respect & non-interference in internal affairs." He warned that "the challenges we face—from repeated Israeli aggression on Gaza, the West Bank, Lebanon, and Syria, to internal divisions in some Arab countries, to regional & int'l interventions—threaten not only the security of these peoples but also our collective will as a nation." He called for "the launch of a unified Arab initiative that goes beyond the humanitarian dimension to support the building of a national state based on the constitution, dignity, and diversity," stressing the importance of "having a comprehensive Arab development strategy." Al-Sudani called for "the adoption of an integrated economic approach that addresses development disparities & enhances collective capacity to confront food, energy & supply chain crises," noting that "the Development Road project, which is nearing completion, is a practical model for this approach and can serve as a pillar for genuine Arab partnerships." He emphasized that "Arab national security is indivisible and cannot be achieved without effective cooperation, balanced policies & strong institutions that protect the supreme interests of the nation." Al-Sudani concluded his speech by saying: "From Baghdad, we address an appeal to all Arab capitals: It is time to start anew, on new ground, with a new methodology & a new will." Clare: The CBI's Trilogy Curbs The Parallel Market - The USD Drops To A Historic Low For The 1st Time Since 2022. The Iraqi dinar has seen a significant improvement in its value against the USD in Iraqi markets over the past few weeks, with the hard currency declining for the 1st time since 2022, reaching 141,000 per $100. Before Ramadan, the dollar exchange rate hovered around 150,000 Dinars per $100. During Ramadan, the Dollar ER remained relatively stable at around 147,000 to 149,000 Dinars per $100. However, with the beginning of April, coinciding with Trump's announcement of a tariff war, the Dollar ER in Iraq declined rapidly, reaching 142,000 Dinars per $100 today. This improvement was driven by a package of monetary & regulatory policies that succeeded in reducing demand for foreign currency through informal channels. In this context, the PM's Advisor for Financial Affairs, Mazhar Mohammed Saleh, identified three main factors that contributed to curbing the parallel market & strengthening the Dinar. In an interview with Al-Eqtisad News, Saleh said that the CBI has succeeded in meeting the Dollar needs of major traders by strengthening national banks' reserves with their foreign correspondents, which are highly rated (AAA) banks & by beginning to use alternative currencies such as the Emirati Dirham, the Euro & the Chinese Yuan in banking operations, especially with Iraq's main trading partners such as Turkey, the UAE & China. This approach has contributed to accelerating remittances & reducing reliance on the parallel market. Small businesses accounted for approximately 60% of private sector trade in Iraq. Supported by new government measures, this category of traders was facilitated to access Dollars directly through Iraqi banks, eliminating the need for expensive intermediaries. This contributed to absorbing a significant portion of the parallel demand for Dollars. Saleh noted that travelers are now able to obtain dollars at the official exchange rate (1,320 Dinars per Dollar) using electronic payment cards, in addition to the ability to obtain $3,000 in cash per month through official airport outlets, significantly reducing their reliance on the black market. Saleh emphasized that several supporting factors also contributed to reducing pressure on the Dollar in the parallel market, including stricter legal procedures for dealing in Dollars outside the banking system. This prompted individuals to avoid the legal risks associated with the black market & turn to gold as a savings instrument, due to global Dollar fluctuations & concerns about the future of paper currency. Al-Sudani's advisor pointed to the increasing demand for government bonds with attractive semi-annual returns, which have become a reliable tool for preserving value, away from speculation in the foreign exchange market. He also emphasized the success of hypermarkets in stabilizing the prices of basic commodities, which has weakened the impact of the parallel market on citizens' livelihoods & contributed to overall economic stability. Concluding his remarks, the PM's advisor noted that demand for gold has reached a historic peak, driven by growing concerns among Iraqis about the possibility of the US Federal Reserve canceling or reducing some paper Dollar denominations in the future. This has prompted citizens to diversify their savings away from the US currency. In addition, economic expert Manar Al-Abidi identified a number of other reasons that led to the decline in the Dollar's price locally. Al-Obaidi told Al-Eqtisad News that the primary reason for the Dollar's decline is a decline in demand on the parallel market, coupled with a significant increase in the supply of hard currency, both from domestic & foreign sources. He explained that this new balance has helped narrow the gap that has long separated the official exchange rate from the parallel market rate. Among the notable changes, Al-Obaidi points to the declining confidence of many local investors in the dollar as a savings instrument, due to expectations of a decline in its value against gold. This trend has prompted a large segment of citizens to exchange dollars and purchase gold, increasing the Dollar money supply in the local market. In contrast, other sources have contributed to the increase in Dollar supply, most notably remittances and foreign investments, particularly those related to int'l companies operating in Iraq. According to Al-Obaidi, these inflows are no longer solely linked to oil revenues, but rather come from additional channels that have helped ease pressure on foreign currency. In a remarkable monetary measure, the Central Bank of Iraq (CBI) reduced the Dinar money supply by more than 6 trillion Dinars over the past six months, declining from 104 trillion to approximately 98 trillion Dinars. This contraction helped raise the relative value of the Dinar against the Dollar, placing additional pressure on the parallel market. Regarding trade, despite a 6% increase in imports from China, Iraq's imports from major countries such as India, Turkey & the US saw a significant decline. Upcoming figures are also expected to reveal a decline in imports from the UAE, which accounts for 30% of Iraq's total imports. This reflects a decline in overall demand for the Dollar due to the contraction in trade activity. Al-Abidi also points to the expansion of channels for accessing Dollars at the official ER, through bank cards, official money transfers & direct transfers, which has prompted many merchants & individuals to move away from the black market. In addition, regional conditions played a significant role in easing pressure on the Dollar. The deteriorating economic situation in Iran led to a decline in demand for goods imported from Iraq, which were re-exported there. The cessation of trade with Syria also contributed to the decline in import demand. Al-Obaidi also points to a decline in the trade in smuggled oil and prohibited goods, which used to rely heavily on Dollar-denominated transactions on the parallel market. These activities have recently been curtailed through strict security & banking measures. Al-Abidi believes that the continuation of these trends could push the Dollar to levels close to 1,395 Dinars in the coming period, barring any sudden developments in monetary policy or regional balances.

Here's some articles of Dinarian interests... CBI Newsletter Updates. -Center For Banking Studies Concludes The Accounting & Budget Auditing. -The Center for Studies concludes the Certified Bank Branch Manager course by distributing the certificate. -Gold prices stabilize as markets await inflation data. Treat as rumors. Not verified. Your opine. CBI Newsletter Updates: The Center For Banking Studies Concludes The Accounting & Budget Auditing Course. ARTICLE: The Banking Studies Center at the CBI concluded its course on the mechanism of reviewing accounts & auditing budgets for 65 trainees working in the financial, accounting & auditing departments in the Iraqi banking sector. The course program included training participants on how to prepare & analyze budgets, submit financial reports in accordance with int'l accounting standards & Improve their ability to examine & improve their financial to ensure they comply with legal & regulatory standards. CBI Media Office March 12, 2025 -The Center For Studies Concludes The Certified Bank Branch Manager Course By Distributing The Certificate. March 12, 2025: The Center for Banking Studies at the CBI organized a special ceremony to distribute the Certified Bank Branch Manager (CBBM) certificate to participants from various Iraqi banks. This celebration comes within the framework of the great importance of this type of professional certificate, especially since it was coupled with cooperation with the awarding body, the Professional Development Institute (PDI), which added the int'l accreditation feature to this certificate for the first time at the level of the Center for Banking Studies. The Center considered the test internationally & accredited by the aforementioned body, confirming its successful role in raising the readiness of the Iraqi banking sector to perform its duties in providing the best financial & banking services to the public dealing with them, in a way that ensures enhancing the quality of performance & the level of services provided across the sector towards achieving sustainable development. This comes as part of the Center's strategic direction to cooperate with reputable int'l entities, granting the necessary professional certificates in various banking fields, in implementation of the government's program for the required qualitative achievement. CBI Media Office -Gold Prices Stabilize As Markets Await Inflation Data. Gold prices stabilized on Wednesday, ahead of important US inflation data that may help gauge the path of the Federal Reserve's interest rates amid trade tensions & fears of an economic slowdown. Spot gold settled at $2,916.69 per ounce by dawn today, while US gold futures rose 0.1 percent to $2,922.30. Investors are awaiting US consumer price index data due later today to analyze the Federal Reserve's stance on interest rates next year. If rising price pressures force the Fed to keep interest rates high, gold may lose its appeal as it is a non-yielding asset. US President Donald Trump's tariffs are widely expected to fuel inflation and economic uncertainty, pushing gold to a record high of $2,956.15 on February 24. Trump defended his tariff policies on Tuesday during a meeting with CEOs of major U.S. companies, including several whose market value has fallen in recent days as consumer and investor sentiment has deteriorated due to recession & inflation fears. Spot silver fell 0.5 percent to $32.76 an ounce, platinum rose 0.4 percent to $978.60, and palladium fell 0.6 percent to $940.53.

Here's an article of Dinarian interests... Direct From The SANDBOX Report. -CBI Prudent Policies To Counter Changes In The Global Economy. Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: CBI Prudent Policies To Counter The Impact Of Changes In The Global Economy. ARTICLE: Samir Al-Nusairi: For several years, the global system has been witnessing complex economic, financial & security crises, the accumulated causes of which have centered on rising energy & food prices due to the Russian-Ukrainian war, US & European sanctions on Russia & the Zionist entity's aggression against Palestine, Lebanon & Syria. The Zionist entity continues to employ a strategy of using war & its military machine, with the support of America & Europe, to draw the political, security &d economic map of the new Middle East. In addition to the impact of the US-China struggle for global economic control, the divisions in the visions & strategies of the G20, the G7, the BRICS group & other int'l groups working to form new economic poles & finally Trump's new policies of increasing taxes & tariffs on some competing industrial countries, which has led to confusion in the global economic & trade map. The evidence is the current crises that have harmed the economies of major countries before smaller ones & what we are currently witnessing of high stagflation in most countries of the world, most notably in the US, the European Union countries & countries of the geographical region & the decline in the purchasing power of these countries' local currencies. Therefore, we believe that our economy will suffer in the near term from the negative effects of the global economic system, from the lack of control over the supplies of food & basic commodities & oil prices may fall below what was planned in the General Budget for 2025, in light of the changing circumstances. These Effects Will Lead To Negative Repercussions On Our Economy & The Methodology Of Financial & Banking Reform. Given that economic stability is achieved through stability in the financial & monetary systems, the CBI's precautionary measures in 2023 & 2024 & its objectives outlined in its third strategy until 2026, in light of expected developments in future crises, require a fundamental reliance on building foreign reserves at a level that covers the local currency in circulation, imports, external debt repayments & other int'l obligations. It also seeks to diversify reserves to include a basket of currencies, gold, bonds & securities. It also adopts policies & mechanisms to regulate foreign trade financing & comply with int'l standards. This is exactly what the CBI did during this period, as its foreign exchange reserves reached more than $107 billion & 162.7 tons of gold. The World Gold Council announced that Iraq ranks fourth in the Arab world & twenty-eighth globally. This confirms that the CBI is proceeding steadily to achieve the objectives of monetary policy in reducing inflation & controlling the general price level. This is what it recently announced, that the annual inflation rate reached 2.8% & the basic rate 2.5%, as well as controlling the money supply & maintaining the ER of the Dinar within the balanced price in the trading market, despite the fluctuations from time to time in the ER of the Dollar in cash on the black market. Continuous Monitoring & Analysis Of The Interest Rate Set By The CBI. This requires fiscal policy, key economic sectors & the ministries responsible for them to work together & in clear & specific coordination with the CBI's management to achieve economic stability, hedge against the global economic crisis & mitigate its expected future repercussions over the next three years.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -CBI Organizes a workshop to introduce artificial Intellegence. -Iraq Loses 10% Of It's Total Foreign Reserves In 2024. -Banking Sector & Economic Bases. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Iraq Loses 10% Of Its Total Foreign Official Reserves In 2024. What Are The Reasons? ARTICLE: Witnessed Iraq During the year 2024, a remarkable decline in its foreign official reserves, as it decreased to 130 trillion Iraqi Dinars by the end of the year, recording a loss of 6 trillion Iraqi Dinars during the month of December alone, which represents 4% of the total reserves, according to what he mentioned. The head of the Iraq Future Foundation for Research & Economic Consultation, Manar Al -Ubaidi says Al -Ubaidi in a post followed by Alsumaria News, that throughout the year, Iraq lost a total of 15 trillion Iraqi Dinars, which is equivalent to 10% of its official reserves, to reach its lowest level in more than two years, as the reserves were at this level at the end of a year 2022, before it rose to 147 trillion Iraqi dinars in November 2023 & then re-decreased at the end of 2024.. This decline is due to several main factors, foremost of which is the high government expenditures, as revenues were unable to achieve sufficient levels to cover the increasing expenses, which necessitated resorting to reserves to fill the financial deficit & financing operational & investment expenditures that are still in continuous escalation. Besides, there are other factors that have contributed to this decline, imposing economic challenges that require a review of financial policies to ensure the stability of cash reserves in the future, according to Al -Ubaidi. The CBI Media Office. February 18, 2025. -The CBI Organizes A Workshop To Introduce Artificial Intelligence. The Information Security Department, one of the formations of the CBI, organized an introductory workshop for its employees with the concepts of artificial intelligence & its relationship to the security of cyber information & security. The workshop discussed the stages of the development of artificial intelligence & its relationship with the security of cyber information & security, as well as its new role in the financial and banking sector & the risks that this sector can be exposed to. The CBI Media Office. February 18, 2025. -Banking Sector & Economic Bases. Of the 1st, He Hamid Rhyme Janani: It can be likened to the artery of life in relation to economic activity & its role in any economy cannot be overlooked, regardless of that economy, sophisticated or developing & even if it is backward, the 1st model needs a banking system that is pushed through its sustainable activity to achieve positive growth in the gross domestic product, while the 2nd model has a role Under importance is to mobilize savings & direct them to investments to push towards the sustainability of development transformations. As for the 3rd category, it must activate the role of banks & improve their performance in a way that ensures the finding of the introductions of the economic transformation & change to move from the clutches of backwardness to the desired economic development. Investments need financing & the last is supposed to achieve by the banking sector & this is what is discovered from the (Hardo-Dumar) model that is supposed to be. Economic growth as a product of economic development is based on the explicit relationship between the volume of savings & investments in the economy & this is definitely the role of banks. The aforementioned roles are achieved through the mechanism of work of the banking system in any economy with the different pattern of its work, as commercial banks that work with their credit policies using the teams that have the price of creditor & debtor & those Islamic ones that take a pattern based on speculation, agency, murabaha, participation and consultation, as some banks invest, trade in securities with its various types. The essence of banking operations in its various forms is looking to achieve a very important purpose, which is to find an economic ballance between financial surpluses on the one hand & financial scarcity on the other hand, but how? Of course, there are individuals in society who have financial resources and do not have investment thought, in return there are individuals & institutions that have investment thought but they need financial financing, the banking system comes to exercise the role of the mediator between the two categories and through the interest rate & credit policy or the tools of Islamic banks to withdraw financial surpluses to re-pump it into the economy by directing it to the business sector, and here is the secret behind the state of economic growth & enhancing development gains and shift towards the beginnings of economic development & it must be indicated by the transit role of the borders of the process of transporting capital across countries, everything that is presented expresses the governing economic rules of the work of the banking system. Iraq & The Dilemma Of The Banking Apparatus: that dilemma that begins with international sanctions inherited from the previous regime, which was imposed on the largest banks, Al -Rafidain and Al -Rasheed, which have not been raised to this day & despite the establishment of many private banks, the number of banks reached (79) banks distributed according to ownership (8 (Government banks, (71) private banks & (7) of private banks in which forforeign partnerships, the observer did not touch the economic situation a developmental role for the banking system by noting the general economic situation dominated by the rentier style according to the diversity indicators issued by the Ministry of Planning, the transformational industrial sector contributes to a rate. The percentage of (2 percent) only and the agricultural (5 percent) only & other low percentages from other contributions & the most important point is that the rate of what the banking sector maintains from the cash source by the CBI did not exceed (12 percent) only & the rest is cash in trading the banking sector did not succeed in attracting it & this reflects the weak confidence in the device Banking. The most important misfortunes on the banking system are the international sanctions imposed, as the number of punishable banks in 2023 (14) banks reached the penalties before them (4) other banks. Despite the efforts to address the defect in the banking system, such as government attempts to structure the largest banks (Al-Rafidain and Al-Rasheed) by relying on int;l advice, the CBI’s policies to enhance control over its work and the ongoing negotiations to lift the sanctions & others, the banking system is still suffering from clear challenges. The desired economic development in Iraq needs a banking sector working (with economic rules) a necessary condition and not sufficient to achieve the shift towards the beginnings of development & without it the problems of (monetary liquidity) remain stuck because the monetary bloc in the economy is with its largest part of the banking system. The CBI Media Office. February 18 2025.

Here's an article of GCR concerns... Direct From The SANDBOX Report. -CBI: Closing The Electronic Platform Enhances Financial Stability. -Artificial Intelligence And Jobs Of The Future. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: CBI: Closing The Electronic Platform Enhances Financial Stability. ARTICLE: Muqtada Anwar: Two weeks after the implementation of the CBI's decision to close the electronic platform for foreign remittances, opinions differed in economic circles regarding the impact of this measure on the financial situation in Iraq, especially in light of the current economic & political conditions. Despite the initial criticism raised by the decision, many experts & observers believe that it is a “necessary step” to confront the economic challenges that Iraq is currently experiencing, especially with regard to reducing pressure on the CBI’s reserves & enhancing ER stability in the local market. The CBI confirmed that closing the platform will not affect the movement of remittances at all, as transfers through this platform until 12/23/2024 represent less than 7 percent of total sales, according to a source at the bank. The source explained to Al-Sabah, “The aim of this step is to control financial operations, work within the international scope in the process of foreign transfers & adopt the correspondent banking method, which contributes to enhancing the stability of the financial sector under the current circumstances.” The CBI also indicated that strengthening the balances of Iraqi banks that have correspondent banks abroad will continue as is, explaining that this does not mean stopping “currency selling” operations, but rather a change in their mechanisms within a method followed throughout the world. He added thatthis new mechanism is dedicated to meeting the needs of import & foreign trade of goods, goods & services, in a way that contributes to supporting Financial & economic stability of Iraq. For his part, the economic advisor to the PM, Mazhar Muhammad Saleh, explained that the CBI had previously financed foreign trade through the currency sale window to perform two basic functions, the first was to intervene in the money market to absorb liquidity & maintain ER stability & the second was to finance foreign trade for the private sector, However, the CBI faced significant challenges due to the requirements of the Federal Reserve & the UST to ensure that the Dollar was not used in ways inconsistent with the foreign policy & national security of the US. Saleh added to "Al-Sabah", "The new system of transfers is based on a direct relationship between Iraqi local banks & foreign correspondent banks, with a focus on compliance issues & combating money laundering." He pointed out that the CBI strengthened Iraqi banks' Dollar accounts in foreign correspondent banks, which reduced the direct intervention of the CBI & provided a greater role for foreign banks in auditing commercial operations. Saleh stressed that the CBI has taken steps to diversify its foreign currency portfolio, including the use of the Euro, the UAE Dirham & the Chinese Yuan, to facilitate transactions with major trading partners, pointing out that the new mechanisms aim to facilitate foreign trade & enhance control over money transfer operations, while ensuring access to... Goods & services to the country correctly & without irregularities. The financial advisor to the PM also noted that “these new measures do not affect the smooth flow of supplying the Iraqi economy’s need for Dollars, but they are considered a major development aimed at enhancing transparency & compliance with international & local laws.” The mechanism for enhancing bank balances has changed, as it is now done through the accounts of Iraqi banks with correspondent banks directly, instead of the accounts that were done through the CBI & that. However, the CBI faced significant challenges due to the requirements of the Federal Reserve & the UST to ensure that the Dollar was not used in ways inconsistent with the foreign policy & national security of the US. Saleh added to "Al-Sabah", "The new system of transfers is based on a direct relationship between Iraqi local banks & foreign correspondent banks, with a focus on compliance issues & combating money laundering." He pointed out that the CBI strengthened Iraqi banks' Dollar accounts in foreign correspondent banks, which reduced the direct intervention of the CBI & provided a greater role for foreign banks in auditing commercial operations. Saleh stressed that the CBI has taken steps to diversify its foreign currency portfolio, including the use of the euro, the UAE dirham, and the Chinese yuan, to facilitate transactions with major trading partners, pointing out that the new mechanisms aim to facilitate foreign trade and enhance control over money transfer operations, while ensuring access to... Goods & services to the country correctly & without irregularities. The financial advisor to the Prime Minister also noted that “these new measures do not affect the smooth flow of supplying the Iraqi economy’s need for Dollars, but they are considered a major development aimed at enhancing transparency & compliance with international & local laws.” On the other hand, financial & banking researcher Mustafa Hantoush believes that the CBI is trying to avoid the damage resulting from the export of the Dollar by adopting monetary & currency management policies that ensure reducing its responsibility without affecting its financial strength. Hantoush expressed to “Al-Sabah” his belief that the CBI seeks to avoid this responsibility by delegating foreign banks, which hold accounts in correspondent banks on the recommendation of their branches or foreign owners. He also pointed out that if the CBI wants to reduce the gap in the Dollar, it must open the door to competition between banks & rely on a basket of currencies to expand the options available in the market, calling for amending the criteria for evaluating local banks & raising their financial capabilities, in a way that contributes to achieving stability & increasing competitiveness. Hence the stability of the Dollar price. He also suggested the possibility of transferring the Dollar to trading platforms in the stock market, to be sold to beneficiaries through direct deals instead of sending the Dollar exclusively to banks, stressing the necessity of regulating these operations by switching to the FOREX market & implementing mechanisms that ensure that funds are not transferred until after the goods arrive. Guaranteed by banks. He explained that these measures would raise tax revenues & reduce illegal trade, which would contribute to strengthening the national economy. For his part, economic expert Nabil Jabbar Al-Tamimi said: “The transfer platform at the CBI was a mechanism for making financial transfers for merchants & importers through local banks, as the platform supervised these operations.” He added to Al-Sabah, saying: “The Central Bank has created the necessary conditions for making transfers by establishing direct relationships between local banks & international banks through large correspondent banks, which means that transfers can be made in accordance with international standards without the need for the electronic platform.” Al-Tamimi stated that the CBI has compensated the electronic platform with regular and natural transfer mechanisms, through reputable local banks, which provides merchants with direct ways to transfer money, stressing that these mechanisms contribute to them obtaining the Dollar at the official price, which helps in gradually reducing inflation as a result of the stability of the Dollar price. Official. He also stressed that"with this measure, the need to deal in unofficial Dollars on the black market is reduced, which enhances the stability of the financial market in Iraq." Artificial Intelligence And Jobs Of The Future Studies show that 41 percent of companies around the world plan to reduce the number of their employees by 2030 due to artificial intelligence services. This shocking percentage heralds the exacerbation of mass unemployment and its impact on global stability, as unemployment is considered one of the most complex challenges facing governments & causes great troubles for countries. Here we stop at several questions that we put before the Iraqi planner so that they are accessible to the decision maker. If this remarkable prediction is correct, there will be questions that require answering. How do you address unemployment in Iraq, even though it is already widespread and the solutions are still simple for more than 20 years? Are our universities qualified to address such an upcoming challenge in light of the expansion of the number of universities & their outputs? What is the ability of individuals (employees or workers), I mean in the government sector & the private sector, to adapt to the monsters of the coming change? How much time do we need to qualify & prepare a generation armed with information knowledge & capable of dealing with artificial intelligence? This comes in light of the horizontal expansion in public & private universities with specializations that have become traditional & supplying the labor market with specializations that are redundant to the need, which contributes to deepening the extent of unemployment. A sincere call to reconsider investment in education to create a young generation with new skills to occupy the jobs of the future to catch up with the global movement. In parallel with the tireless efforts & continued government interest & with the follow-up of the PM & his team, in adopting the digital transformation project & achieving somewhat acceptable results. We hope that this new year will witness the achievement of tangible results. We see the need for a vision from the Council of Ministers in partnership with the private sector (companies, banks, public & private education) for what the country needs in the year 2030 in terms of jobs & investments & to give instructions to the education sector to be structured from now on to comply with the requirements of Vision 2030. Preparing cadres and qualifying the capabilities of dependable youth to build the country according to the requirements of future jobs so that we do not lag behind the world in responding to rapid changes, while showing that the next five years are short to continue the response. What is required is a medium-term plan, in addition to thinking carefully about a strategic plan that responds to subsequent developments.

Here's an articleof Dinarian interests... CBI Halts Withdrawals & Deposits For 4 Days. Treat as a rumor. Not verified. Your opine. ****************: The CBI Decides To Stop Withdrawals & Deposits (Document) ARTICLE: The CBI decided, on Tuesday, to stop withdrawals & deposits for a period of four days. According to a document, the bank decided to close its doors on January 2, 2025 & stop conducting banking transactions for customers. The bank also decided to stop withdrawals & deposits on savings accounts in bank branches for the period from 12/30/2024 to 1/2/2025 for the purpose of completing Annual Budgets. Below is the text of the document. Integration Requirements. December 31, 2024...In order to speed up the procedures and complete the merger transactions for the exchange companies of categories (A and under establishment & all brokerage companies for buying & selling foreign currencies, please provide us with the attached merger requirements at once .. For more, click here. -Exchange companies for the two categories (A,B) under all establishment. Mediation companies by selling and selling all foreign currencies M/ Integration requirements. In order to accelerate procedures and complete the completion of your companies’ integration. Please provide us with the accompanying integration requirements, so that this directorate can proceed with this directorate. Integration without delay or delay, as the delay in completing the requirements of integration will lead to the delay in granting you. To abide by what was mentioned above. With appreciation For accompanying/ - Schedule of number (3) with integration requirements. A schedule with documents to be submitted for the purpose of integration & obtaining the final license. [three page table in Arabic listing required documents, followed by…] With tTo abide by what was mentioned above. With appreciation For accompanying/ - Schedule of number (3) with integration requirements. A schedule with documents to be submitted for the purpose of integration and obtaining the final license [three page table in Arabic listing required documents, followed by…] With tTo abide by what was mentioned above. With appreciation For accompanying/ - Schedule of number (3) with integration requirements. A schedule with documents to be submitted for the purpose of integration and obtaining the final license [three page table in Arabic listing required documents, followed by…] With the presentation that all the aforementioned forms are published on the website of the Central Bank of Iraq. On the link below: NOTE: Links were deleted. Find links - Google key words in topic title.

Here's some articles of Dinarian intersts... -A Sudden Rise In The Value Of The Syrian Pound. -Chaos Or The Beginning Of Stability. -CBI Recieves A Delegation From The IFC. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: A Sudden Rise In The Value Of The Syrian Pound In The Markets Of Kurdistan. Chaos Or The Beginning Of Stability? ARTICLE: The currency markets in the Kurdistan Region are witnessing remarkable changes with the “sudden” rise in the value of the Syrian Pound against the Iraqi Dinar, which sparked wide discussions among experts & traders about its causes & potential effects on the local market. After the fall of Bashar al-Assad’s regime, the Syrian Pound continues its recovery against other currencies, especially the USD, which declined by 18 to 20% during the past few days. Unscientific Rise. Ismail Ibrahim, a currency trader in the Dollar market in Sulaymaniyah, describes the current situation as “chaotic,” noting that the recent rise in the value of the Syrian Pound has no scientific basis. He told Shafaq News Agency, “This increase is due to the pumping of the Syrian Pound by those who owned it in the past & I do not think that the return of Syrian refugees to their areas has a significant impact on this increase.” Economist Ayman Hisham provides an economic analysis of this increase, explaining that the main reason is due to the shortage of available supply of the Syrian Pound in the region’s markets. He added to Shafaq News Agency, “There is a great demand from citizens to buy the Syrian Pound, which led to a sudden increase in its value,” indicating that “before the Syrian regime regained control over some areas, the price of one million Syrian Pounds was only about 100 thousand Iraqi Dinars, but now it has reached 600 thousand Dinars & has currently stabilized at 550 thousand Dinars as a result of the increasing demand.” Hisham also reviewed an economic background that confirms the significant deterioration that the Syrian Pound has suffered over the past decade, as it lost its value against the USD by 270 times between 2011 & 2023. He also pointed to reports from the WB, the UN & the IMF that showed Syria’s GDP had shrunk by more than 85% since 2011, reaching just $9 billion by 2023, with an additional 1.5% contraction expected this year. The Interconnectedness Of Economy & Politics In Syria. As for Jabbar Kuran, the spokesman for the currency market in Sulaymaniyah, he focused on the close relationship between the political situation in Syria & the stability of the currency. He told Shafak News Agency, “The major political transformations that Syria may witness in the future, such as the formation of a new government or the fall of the current regime, may lead to a gradual improvement in the value of the currency, as happened in Iraq after the fall of Saddam Hussein’s regime.” “If the political situation stabilizes & a government that includes all parties is formed, the Syrian economy may witness a gradual improvement, which will be positively reflected in the value of the Syrian currency. However, the current situation is still too early for the lira to stabilize,” Kuran added. Kuran ruled out that the fluctuations of the Syrian Pound would have a direct impact on other currencies, given its nature as a local currency, but he pointed out the possibility of its indirect impact on the prices of agricultural goods imported from Syria due to trade relations between the two countries. Sudden Rise Background. Hawri Fakher, an economic journalist, told Shafaq News Agency that the Syrian pound has been affected by complex political & economic factors over the past years. The ongoing war since 2011 has caused a major collapse in its value. While the ER of the Syrian Pound in the Iraqi markets was very low, recent political events, such as the Syrian regime regaining control of some areas, have led to an increase in demand for it in the Sulaymaniyah markets, which has unexpectedly raised its value. Future Expectations. Fakher says that despite the current rise in the value of the Syrian Pound, he agrees with those who say that it is a temporary & unstable rise. He pointed out that the recovery of the Syrian economy & the stability of the currency are linked to the improvement of the political situation in the country & the formation of a new government that ends the current crisis. Frank26: “BECAUSE OF A NEW EXCHANGE RATE, NOT BECAUSE OF A PROGRAM RATE”………F26. Gov Of The CBI Receives A Delegation From The International Finance Corporation. His Excellency the Gov of the CBI, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash & Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer & the Head of the Advisory Department. During the meeting, they discussed strengthening bilateral relations between the CBI & the International Finance Corporation, the importance of cooperation between local banks & correspondent banks with technical support from the Corporation & the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the Bank in cooperation with the relevant authorities, especially the restructuring of government banks & the role of international companies operating in this field (Ernst & Young and Oliver Wyman). His Excellency the Gov discussed the proposal to establish a leasing company with local and foreign contributions, which is one of the financial systems used to provide financing for projects & individuals without the need to directly purchase assets such as machinery & industrial equipment, vehicles, offices & warehouses. This proposal supports emerging projects & small and medium-sized companies looking for easy & flexible financing. The meeting discussed the importance of launching Riyada Bank next year, which will support projects with small and medium-sized loans, in line with the government’s vision to support graduates & entrepreneurs & develop labor markets. Office Of the Central Bank of Iraq.

Here's an article of Dinarian interests... Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: CBI Denies Audio Recording Attributed To Al-Alaq. ARTICLE: A responsible source at the CBI denied today, Thursday, an audio recording attributed to the Gov of the CBI, Ali Al-Alaq. The source told the Iraqi News Agency (INA) that “there is no truth to the recording attributed to the Gov of the CBI, Ali Al-Alaq, in which he spoke about smuggling $250 million daily through remittances & the rise in the Dollar price.”. He added that “the CBI has achieved a major accomplishment in putting the external transfer & cash sale of the Dollar & other currencies on a transparent path that is consistent with international standards & practices & has received wide international acclaim.” He continued that “the measures taken achieve stability in the ER & that covering imports at the official price achieves what we are witnessing in terms of general price stability & reducing inflation.”

Here's some articles of Dinarian interests... Salih Reveals CBI's Next Step. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Rafidain Bank Announces The Implementation Of The Comprehensive Banking System In 46 Branches In Baghdad & The Governorates. ARTICLE: The regional government to its employees: Whoever does not have a biometric code will have his salary stopped by the federal finances. The Ministry of Finance and Economy in the Kurdistan Regional Government called on Sunday on employees & workers in the public sector to rush to register in the biometric system before the twentieth of next November, warning them that the Federal Ministry of Finance will stop the salary of anyone who does not have a biometric code. The ministry said in a statement today that based on the agreements and understandings concluded between the Ministry of Finance & Economy in the Kurdistan Region & the Ministry of Finance in the federal government regarding the issue of resolving technical problems related to the payroll of Kurdistan Regional Government employees, the following must be done: 1st: All employees, retirees, people with special needs & heirs of martyrs who have not registered themselves in the biometric system must register before the date (11/20/2024). 2nd: The decision to register in the biometric system includes all employees & salary recipients who are abroad for various reasons, or on unpaid leave, study, etc. 3rd: Every employee or person receiving a salary in the Kurdistan Regional Government who does not have a biometric code until the date (11/20/2024) will have his salary stopped by the Ministry of Finance in the federal government & he will bear responsibility for that. Tishwash: “Hybrid Monetary Policy” Al-Sudani’s Advisor Reveals The CBI’s New Step. The economic advisor to the PM, Mazhar Muhammad Salih, explained today, Saturday, precise details about the importance & reasons for the CBI’s decision to reduce interest. Saleh told {Euphrates News} that: “It is clear that the monetary policy of the CBI has become a policy that meets the requirements of growth in real economic activity, through activating its operational objectives aimed at reducing the cost of credit & financing within the joints of the economic system in general & the banking system in particular. ” He explained, “The CBI began, through its decision issued in accordance with its circular on October 24, to reduce the monetary policy interest rate (which is the rate at which the CBI deals with the banking system) by about 200 percentage points. By lowering the interest at which the CBI deals with banks from 7.5% to 5.5%, which means that the CBI has become following an expansionary policy in targeting the money supply in a manner that is consistent with activating the real sector in the national economy & confronting unemployment indicators in the overall economy.” According to the statement of the PM’s economic advisor, “Despite the above, the bank in its new policy did not neglect the importance of continuing to control local liquidity levels and carrying out high sterilization operations, by offering debt instruments called Islamic certificates of deposit with a return that increases with the length of the amortization period of those securities purchased by the banking system, which are considered sovereign debts that can be mortgaged or discounted in the secondary market & are excellent debts.” He continued, “The monetary policy of the CBI has given a signal to the financial and banking system that its easy or flexible policy adopted by the bank in moving the liquidity of the economy is under continuous control in order to play the role of the monetary authority in combating inflationary activities & imposing economic stability as its 1st central goal.” Saleh concluded by saying, “Between expanding the movement of economic liquidity as an expansionary policy & imposing control over liquidity levels by offering debt instruments in return at the same time in parallel, we can call the current monetary policy of the CBI a {hybrid flexible monetary policy}.” The bank decided to reduce the interest rate from 7.5% to 5.5%, in addition to reactivating the securities (Islamic certificate of deposit & money transfers) according to an annual plan and with two terms: with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days. Tishwash: Despite The Israeli Attack, The Iranian Toman (Rial) Recovers Against The USD. Today, Saturday (October 26, 2024), the Iranian Toman recorded a remarkable recovery against the US Dollar on the main Tehran Stock Exchange. Baghdad Today correspondent said that the toman price today in Tehran’s main stock exchange was recorded at 6 million & 500 thousand Tomans for every 100 US Dollars. He added that this price is considered a significant change towards recovery after it recorded 6 million & 800 thousand tomans for every 100 USD, yesterday. Israel launched a series of airstrikes on Iran early Saturday morning & explosions were heard in the Iranian capital, Tehran, although there was no information about any damage or injuries. Four hours after the start of the operation, which Israel called “Days of Response,” the Israeli army announced that it had completed the attack on military targets in Iran, that all of its aircraft that carried out the attack on Iran had returned safely to their bases, and that the operation had achieved all of its goals. Israeli military spokesman Daniel Hagari said the attack was carried out under the direction of the political echelon in response to the Iranian regime’s attacks against Israel & its citizens. A senior US official said that the Israeli response to Iran has ended & asked Tehran not to respond or escalate, stressing that if Iran decided to respond, “we will be fully prepared to defend Israel again & there will be dire consequences.” He added that this should be the end of the exchange of direct strikes between Israel & Iran. The Israeli attack began shortly before 2 a.m. on Tehran, and shortly thereafter Israeli military spokesman Daniel Hagari announced the start of a precise & targeted attack on Iran. Later, Israeli media reported a 2nd wave of Israeli attacks against Iran, targeting sites, some of which were in Shiraz. Then, the American website Axios quoted Israeli & American officials as saying that Israel targeted Iran with three waves of strikes & that the 1st waves of those Israeli strikes targeted Iran’s air defense system. After about 4 hours, the Israeli Broadcasting Authority confirmed the end of the Israeli attack on Iran, in which hundreds of fighter jets participated. The New York Times also quoted Israeli officials as saying that the attack on Iran ended after striking about 20 sites.

Here's some articles of Dinarian interests... CBI: The Reality Of Banks & The Problems Facing The Sector. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Gov Advisor: Tensions & War In The Region May Lead To A Jump In Oil Prices. ARTICLE: The financial advisor to the PM, Mazhar Mohammed Saleh, identified on Monday the indicators of the rise in oil prices in global markets & while he attributed them to two basic variables, he indicated that if tensions & war continue in the region, a jump in prices is expected. Saleh said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News”, that “the oil asset cycle is subject to accelerated upward volatility through current energy market indicators and two basic variables that affect oil supply and demand in the world: the first is OPEC+ decisions to reduce oil production on the production of OPEC countries themselves and their allies, as OPEC+ has currently implemented significant oil production cuts amounting to 5.86 million barrels per day.” He added, “These cuts consist of two parts: the first is a reduction of 3.66 million barrels per day extended until the end of 2025, and the other is an additional voluntary reduction of 2.2 million barrels per day that remains in effect until September 2024.” He pointed out that “the cuts come to remove the current oil glut, which is affected by the decline in growth in the world’s most important energy-consuming economies, China,” noting that “the second variable is the geopolitical situation and the war taking place in the two energy basin regions of the world, namely the Russian-Ukrainian war and the other is the ongoing war in the Middle East, especially the Gaza and Lebanon war with the Zionist entity and its effects on the oil-producing Gulf region, which dominates more than 50% of global oil exports.” He continued, “If military operations or geopolitical tensions continue in the two regions, oil prices are expected to jump.” About 250 Thousand Barrels Per Day.. Iraq’s Oil Exports To US Increase Within A Week. The US Energy Information Administration announced today, Sunday, that Iraq’s oil exports to America increased during the past week. The administration said in a table that “the average US imports of crude oil during the past week from 10 major countries amounted to 5.305 million barrels per day, down by 439 thousand barrels per day from the previous week, which amounted to 5.744 million barrels per day.” She added that “Iraq’s oil exports to America amounted to 241 thousand barrels per day last week, an increase of 89 thousand barrels per day from the previous week, which amounted to 152 thousand barrels per day.” The administration also indicated that “the largest oil revenues for America during the past week came from Canada at a rate of 3.499 million barrels per day, followed by Mexico at an average of 382 thousand barrels per day, followed by Venezuela at an average of 315 thousand barrels per day, and from Saudi Arabia at an average of 285 thousand barrels per day.” According to the table, “the amount of US imports of crude oil from Ecuador was 228 thousand barrels per day, from Colombia it was 149 thousand barrels per day, from Brazil it was 134 thousand barrels per day, from Nigeria it was 44 thousand barrels per day, and from Libya it was 28 thousand barrels per day.” More Than $257 Million. CBI Sales Through The Electronic Window. The CBI announced, on Monday, its total sales of foreign currency through the electronic window. The window recorded $ 257,464,050, the total amounts of transfers abroad (remittances, credits), while the total cash sales amounted to $ 8,500,000, and the total sales amounted to $ 265,964,050. Minister Of Interior Calculates The Amount Of Revenues During The Year 2023. The Parliamentary Finance Committee stressed, on Monday, the importance of forming a committee to study non-oil revenues and monitor their distribution, while Interior Minister Abdul Amir Al-Shammari indicated that the total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury. The committee said in a statement, seen by “Al-Eqtisad News”, that it “hosted, headed by Atwan Al-Atwani, and in the presence of its members and a number of members of other parliamentary committees, the Minister of Interior, Abdul Amir Al-Shammari, and his accompanying delegation, at the committee’s headquarters to discuss issues related to maximizing revenues and mechanisms for improving the provision of services to citizens.” The selling price for transfers and cash was assigned at 1310 dinars per dollar, while the bond credits and international settlements for the electronic card were at 1305 dinars. Al-Atwani welcomed the Minister of Interior, noting that “the Finance Committee works according to the principle of joint integration to support the government.” He stressed the “need for solidarity in studying the financial and economic situation and pointed out that reliance on oil as a primary resource does not achieve the financial stability required to achieve sustainable development.” The committee stressed the “importance of forming a committee to study non-oil revenues and monitor their distribution, in addition to analyzing the state’s assets and studying their financial statements. The issue of those whose contracts were terminated and the transfer of beneficiaries of the social protection salary to the ministry to benefit from their services was also addressed.” For his part, the Minister of Interior appreciated the efforts of the Finance Committee and the parliamentary committees in supporting the ministry and the government, explaining that “the ministry has received the security file for a number of governorates and is continuing to work on receiving the rest of the governorates, according to the government program.” He provided an explanation of the ministry’s plan to maximize non-oil revenues, noting that “total revenues for 2023 amounted to 757 billion dinars, which were returned to the state treasury.” Discussions between the committee members and the Minister touched on many of the Ministry’s issues, including the services of issuing electronic passports and unified cards, the revenues of the Ministry’s fund and other departments, the importance of electronic automation and functional intersection, in addition to discussing the issue of residential complexes. The committee also inquired about the criteria for distributing job grades according to governorates, stressing the “need for coordination and work to complete the 2025 budget schedules on time.” Parliamentary Economy Committee Discusses With The CBI The Reality Of Banks & The Problems Facing The Sector. The Economy, Industry and Trade Committee, headed by MP Ahmed Salim Al-Kanani, discussed today, Monday, with the Director General of Investment and the Director General of Banks at the Central Bank, the problems facing the banking sector in Iraq. The media department of the House of Representatives stated in a statement received by “Al-Eqtisad News” that “the Economy, Industry and Trade Committee, headed by MP Ahmed Salim Al-Kanani and attended by its members, hosted the Director General of Investment and the Director General of Banks at the Central Bank.” During the meeting, the reality of banks, the most prominent problems facing the Iraqi banking sector, and ways to find effective solutions to them were discussed. Finance: Automation Plays A Vital Role In Reducing Financial & Administrative Corruption. Baghdad Finance Minister Taif Sami confirmed on Monday that automation plays a vital role in reducing corruption and financial loss. The ministry said in a statement received by Mawazine News that “Finance Minister Taif Sami met with the Strategic Planning and Federal Service Committee, and important issues related to following up on the government program implemented in the various formations of the ministry were discussed, in addition to following up on mechanisms for developing institutional performance and activating automation systems in sectors related to the ministry’s work and developing banking work in accordance with the comprehensive banking system and applying it in all banks in a way that ensures simplifying account opening procedures as well as transfer operations, and represents a step towards moving from paper transactions to electronic ones to provide the best services to citizens.” The statement added that “Sami reviewed during the meeting the measures taken to improve the efficiency of work at customs ports, enhance revenues and facilitate the movement of goods,” noting that “automation plays a vital role in reducing corruption and reducing financial loss, in addition to the electronic payment system (pos) as a step to accelerate the completion of transactions, reduce financial and administrative corruption, save a lot of time and effort, and implement the unified treasury account project, which represents a qualitative leap in the management of public funds in order to keep pace with financial and economic progress.” Sami continued, according to the statement, that “the ministry has reached advanced stages in automating taxes in coordination with the Supreme Committee for Tax Reform, which ensures improving efficiency, reducing errors, enhancing transparency and ensuring tax compliance, which has contributed to increasing government revenues and improving services provided to citizens.” The statement added that “the retirement sector and the most important steps taken to facilitate and simplify salary disbursement procedures and ensure the provision of services in a faster and more transparent manner were highlighted,” indicating that “the Minister called on the advanced cadres to implement the remaining reforms in accordance with the government program to improve administrative and financial performance in federal institutions,” adding that “the meeting addressed the aspect of combating corruption, as the Ministry has made great strides in this aspect through the use of modern methods, systems and advanced electronic programs to reduce this scourge.” He pointed out that “the mechanisms for developing human cadres in various sectors were addressed, by providing the necessary training and qualification to enhance the capabilities of employees and achieve the highest levels of performance.” For her part, the head of the Parliamentary Planning Committee praised “the Ministry’s performance in implementing the paragraphs of the government program and its great role in developing the financial sector and maximizing budget revenues through advanced and modern programs.” The meeting was attended by the head and members of the Sovereign Strategic Planning Committee, the Undersecretary of the Ministry of Finance and the general managers of all the Ministry’s formations,” according to the statement. The Minister of Finance stressed “the importance of cooperation between government agencies to ensure the achievement of national goals and drive economic and social development.”

Here's some articles of Dinarian interests... -Central Bank of Iraq imposes financial penalties on banks and exchange companies amounting to 43 billion dinars -Iraq Intends To Connect Its Electricity With Kuwait & The Gulf At The End Of The Year & Then With Saudi Arabia. Treat as rumors. Not verified. Your opine. KTFA via Clare: The CBI Imposes Financial Penalties On Banks & Exchange Companies Amounting To 43 Billion Dinars. ARTICLE: The CBI announced on Sunday that fines imposed on banks & non-banking institutions (exchange companies) amounted to more than 43 billion Iraqi Dinars during the past three months. A table of the bank, which Shafaq News Agency reviewed, showed that the fines imposed on banks & financial companies during the past three months, starting from last April until the end of last June, amounted to 43 billion, 465 million, 532 thousand, and 931 Dinars. The table showed that “the fines also included 102 administrative penalties for these banks and non-banking institutions, distributed between warnings, alerts & grace periods.” The table showed that “May witnessed the highest fines on banks & non-financial institutions, as these fines reached 34 billion, 2 million, 141 thousand, & 100 Dinars, with 42 administrative penalties, while June witnessed the lowest fines, reaching 2 billion, 829 million, 157 thousand, and 288 Dinars, with 30 administrative penalties.” The table did not show the names of the banks that were fined and subjected to administrative penalties. The Iraqi Stock Exchange Investors Association had criticised the CBI’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks. Clare: Iraq Intends To Connect Its Electricity With Kuwait & The Gulf At The End Of The Year & Then With Saudi Arabia. PM Mohammed Shia al-Sudani confirmed on Sunday that his government intends to link Iraq’s electricity with Kuwait & the Gulf Interconnection Authority at the end of 2024 & then move to link with Saudi Arabia to diversify energy sources when demand increases during peak times in the country. Al-Sudani said in a speech during the opening of the Iraqi-Turkish electricity linkage project, “The value & importance of this project is that it had been suspended since 2004 & it had been planned since the nineties of the last century & today it has been completed in coordination with the Turkish Ministry of Energy.” He added, “The value of this project is that for the first time we have an international connection with neighboring Turkey & then to the European Union& this is an important & strategic factor for energy at the future level.” Al-Sudani added, “After we were able to connect with the Jordanian side & today with Turkey & hopefully at the end of this year with Kuwait & the Gulf Interconnection Authority, then we will head to complete our important project with Saudi Arabia so that Iraq can complete its communication with the regional energy system in a way that allows for diversity & exchange in various conditions of peak electrical loads.”

Here's some articles of Dinarian interests... -The CBI “Denies” Issuing A Currency -Increase In Sales Of The CBI At The Dollar Auction. -To End The Work Of The UNAMI Mission Comes Based On Political Stability In Iraq. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: The CBI “Denies” Issuing A Currency In The Category Of (100) Thousand Dinars. ARTICLE: The CBI denies issuing a new currency in the denomination of (100) thousand Dinars, indicating that the image of the new currency circulated on social networking sites is a “fake” image bearing the image of the late Iraqi architect Zaha Hadid. The bank called on citizens to be careful & not deal with it if some offer it for the purpose of fraud. The CBI confirms that there are no intentions to print a new currency at the present time, stressing that it will take legal measures against violators & promoters of this counterfeit currency. CBI information Office 26 – May – 2024. FROM OTHER SOURCES: Center For Banking Studies Concludes A Course To Prepare Leaders For The Banking Sector. ARTICLE: The Banking Studies Center at the Central Bank of Iraq concluded a training course entitled (Preparing Leaders in the Banking Sector), which was held at the Professional Counselor & Trainer Center in the capital, Baghdad, for the period from 5/19-23/2024, with the participation of a number of employees working in the banking sector. It covered the detailed objectives of the training course program, which was lectured by the expert trainer, Dr. Tawfiq Abdel Ghani, consolidating the: concept & principles of governance, its concepts & importance, the ability to employ & evaluate it, a deep understanding of plans & priorities & the ability to direct various resources & deal with the challenges facing implementation. At the conclusion of the course, certificates of appreciation were distributed, which witnessed great interaction from the participants throughout its days. It is noteworthy that the Center for Banking Studies at the CBI of provided many training courses in various banking fields during the current year, which comes within the center’s annual plan to develop cadres working in the Iraqi banking sector. Economic circles specialized in financial affairs welcomed what was stated in the mutual evaluation report of the Republic of Iraq, regarding Iraq’s role in combating money laundering & the financing of terrorism & that strengthening the financial performance in Iraq represents an important step in harmony with the government’s directions aimed at attracting major investments. To the country, which requires a developed & ideal financial sector that ensures money flows in the right direction. In its general meeting held in the Kingdom of Bahrain, the Middle East and North Africa Financial Action Task Force (MENAFATF) adopted the mutual assessment report for the Republic of Iraq, which reflects its great commitment to applying international standards to combat money laundering & terrorist financing. The report reflects the solid system in Iraq to combat money laundering & terrorist financing. Terrorism & the important efforts undertaken by the state to combat these crimes in accordance with international standards in this regard. Executive Director of the Iraqi Banks Association, Ali Tariq, said: This evaluation did not come out of nowhere, but was preceded by great work & concerted efforts to adopt global performance standards that continued for years& the CBI had the most important role in this matter, by working to invest risks and laying solid foundations. To combat money laundering & terrorist financing. Tariq added that regulating the financial sector in Iraq represents the goal of everyone, in order to create a banking system capable of providing services that rise to global standards & reflect a positive image of Iraq’s financial reality in front of the major international banks, pointing out that Iraq is in dire need of developing its performance, as we have A large, broad and growing business & this requires the presence of a highly organized financial sector. Central Bank of Iraq information Office May 26, 2024. FROM OTHER SOURCES: Increase In Sales Of The CBI At The Dollar Auction. ARTICLE: Sales of the CBI of increased today, Sunday, compared to sales last Thursday, which during its auction for buying & selling USD amounted to 277 million. Today, during its auction for buying and selling the USD, the CBI sold 281 million, 212 thousand & 839 Dollars, which the bank covered at a base exchange rate of 1,310 Dinars, for documentary credits and international settlements for electronic cards, at a price of 1,310 Dinars per Dollar for external transfers & at a price of 1,305 Dinars per Dollar in cash. Most of the bank’s dollar sales went to strengthening balances abroad in the form of (transfers, credits) which amounted to 256 million 72 thousand & 839 Dollars, an increase of 90% over cash sales amounting to 25 million 140 thousand Dollars. FROM OTHER SOURCES: Al-Sudani To Plasschaert: The Request To End The Work Of The UNAMI Mission Comes Based On Political Stability In Iraq. ARTICLE: Prime Minister Muhammad Shiaa Al-Sudani stressed to the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine-Plasschaert, that the request to end the work of the UNAMI mission comes based on political stability in Iraq. The PM’s Media Office stated in a statement received by Mawazine News, “Al-Sudani received Plasschaert on the occasion of the end of her work duties, and during the meeting, he expressed the government’s appreciation to Plasschaert for her efforts throughout her work in Iraq.” Al-Sudani stated, “The request to end the work of the UNAMI mission comes based on the political & security stability that Iraq is witnessing, & the progress it has achieved in several areas,” noting that “the Iraqi government continues to cooperate with international agencies affiliated with the United Nations, in accordance with the government program.” Its development goals at all levels & fields, especially with the progress achieved in the areas of economic reform and infrastructure reconstruction & the growing capabilities of our various types of armed forces.” For her part, Plasschaert renewed her praise for the important steps & promising initiatives presented by Iraq during the last eighteen months, especially in the areas of service provision, infrastructure reconstruction, investment, plans to mitigate environmental impacts & reduce dependence on imported fuel.

Here's an article of Dinarian interests... CBI fines Iraqi banks over noncompliance. Treat as a rumor. Not verified. Your opine. From Other Sources: More Than 138 Billion Dinars In “Fines” Imposed By The CBI On Banks & Exchange Companies. ARTICLE: The CBI announced on Tuesday that the fines imposed on banks & non-banking institutions (exchange companies) amounted to more than 138 billion Iraqi Dinars during the past three months. A table of the bank, seen by Shafaq News Agency, showed that the fines imposed on banks & financial companies during the past three months, starting from January & until the end of last March, amounted to 138 billion, 377 million, 321 thousand, and 527 Dinars, indicating that “the fines It also included 49 administrative penalties for these banks & non-banking institutions, distributed between warnings, warnings & grace periods. The table showed that “the month of January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, & 62 Dinars, with administrative penalties amounting to 17 penalties, while the month of March witnessed the lowest fines, amounting to 5 billion & 462.” One million, 451 thousand & 344 Dinars with administrative penalties amounting to 15 penalties.” The Association of Investors in the Iraqi Stock Exchange had criticized, in early June, the CBI’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks. CBI often criticized by the UST for not doing enough to end money laundering & auctions in efforts to stop the illegal USD transfers to Iran & terrorist organizations.

Here's an article of Dinarian interest... The news just keeps on getting better. CBI to lift restrictions on Iraqi banks. NOTE: These restriction were first put in place by the UST. Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: The CBI Is Preparing A Report To Lift The Ban On 28 Iraqi Banks. ARTICLE: The Parliamentary Investment & Development Committee revealed steps by the CBI to lift the ban on 28 banks, while indicating that the private sector will participate with the public sector in many strategic projects. The head of the Parliamentary Investment and Development Committee, Hassan Al-Khafaji, said in a statement followed by “Al-Iqtisad News”: “The committee proposed to the Governor of the Central Bank, Ali Al-Alaq, to support private private banks & involve them in loans,” explaining that “the governor confirmed his support after lifting minor violations against some banks.” . He pointed out that "the governor of the CBI promised to submit a report to the US Treasury to lift the ban on Iraqi banks, which number 28 private banks," expecting "the ban on those banks to be lifted during the coming period."