Search the Community

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Talk Of Rising ER Is A Media Frenzy To Serve A Specific Group. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Economist: Talk Of Rising ER Is A Media Frenzy To Serve A Specific Group. ARTICLE: Economic researcher Diaa Abdul Karim believes that the talk circulating in the public sphere & the media about a rising Dollar ER is nothing more than a media frenzy serving the interests of certain financial traders. Abdul Karim stated that "the exchange rate at official & parallel market outlets remains stable at specific figures despite slight fluctuations, which do not constitute a change in the ER." He added that "the Iraqi public is apprehensive following media rumors of an anticipated increase in ER, but the reality is different. There is no official government move to raise the ER & what has occurred is merely a media frenzy." He clarified that "the government & the monetary authority determine the official ER & it is unlikely that the rate will be changed at present or even with the arrival of the new government, especially given the stability currently prevailing in local markets." CBI Postpones The Requirement For Prior Customs Declarations Until 2026 & Exempts Four Goods From The Decision. ARTICLE: The CBI has postponed the requirement for companies wishing to purchase USD for importing goods until January 2026, with the exception of four specific commodities for which the requirement remains mandatory. This postponement comes after the procedure was initially scheduled to take effect on Monday, December 1, 2025, as previously announced by the General Authority of Customs. In an official letter to licensed banks issued on Sunday, November 30, the CBI directed the suspension of the prior declaration requirement until January 1, 2026, while maintaining its mandatory nature, effective December 1, for the import of gold & jewelry, mobile phones, cars & refrigeration equipment. According to the decision, the prior declaration will be optional for companies importing other goods until the beginning of 2026, after which it will become mandatory. The bank exempted goods that arrived at border crossings before December 1 & for which financial transfer procedures have not yet been completed, as per the invoice or commercial contract. On November 25, the General Authority of Customs began implementing a procedure requiring companies to pay customs duties in advance & notify the CBI through the ASYCUDA system to allow the entry of goods. This has led to difficulties for companies in the Kurdistan Region, as the region does not operate under this system. In this context, Sami Jalal, advisor to the Minister of Interior in the Kurdistan Regional Government, stated in press remarks reported by the Iraq Observer Agency, “The Kurdistan Region is not part of the ASYCUDA system & we will be in negotiations with Baghdad regarding pre-clearance customs procedures to resolve this issue before the new year.” Companies in Iraq & the Kurdistan Region benefit from the official ER set by the CBI at 131,000 Iraqi Dinars per 100 USD, as part of measures to regulate import financing & control border crossings. US Deputy Secretary Of State Michael Regas Arrives In Iraq. ARTICLE: An informed source in the Kurdistan Region confirmed that US Deputy Secretary of State Michael Regace arrived in Erbil on an official visit. This visit follows an announcement by the US Embassy in Baghdad a week ago regarding arrangements for his arrival in Iraq as part of a tour that includes high-level meetings. Regace's visit precedes the arrival of US President Donald Trump's Special Envoy to Iraq, Mark Savaya, scheduled for the coming days. Political circles are suggesting joint coordination between the two visits regarding regional issues& the US presence in the country. The source explained that Regace will meet with a number of officials in the Kurdistan Region & will discuss issues related to bilateral relations, economic cooperation & joint security arrangements. No official statement has yet been issued regarding his schedule of meetings in Baghdad. The Security Council Will Hold A Session Tomorrow On The Situation In Iraq. ARTICLE: The United Nations Assistance Mission for Iraq (UNAMI) announced today, Monday, that the Security Council will hold a session on the situation in Iraq tomorrow, Tuesday. A statement from the mission said, "The UN Security Council will hold a session on the situation in Iraq tomorrow, Tuesday, at 10:00 AM New York time (6:00 PM Baghdad time)." The statement added that "the Special Representative of the Secretary-General for Iraq, Mohammed Al-Hassan, is expected to brief the session on developments in Iraq & on the work of the United Nations Assistance Mission for Iraq (UNAMI)."

Here's some articles of Dinarian interests... Economist Reveals An "Impending Shock" Threatening Creditors With The Possibility Of A Change In The ER! Treat as rumors. Not verified. Your opine. TNT via Tishwash: Tomorrow, the Security Council will hold a session on the situation in Iraq. ARTICLE: The United Nations Assistance Mission for Iraq (UNAMI) announced on Monday that the Security Council will hold a session on the situation in Iraq on Tuesday. A statement from the mission, received by the Iraqi News Agency (INA), said that "the United Nations Security Council will hold a session on the situation in Iraq tomorrow, Tuesday, at 10:00 a.m. New York time (6:00 p.m. Baghdad time)." The statement added that "the Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, is expected to brief the session on developments in Iraq & on the United Nations Assistance Mission for Iraq (UNAMI)." Tishwash” Economist Reveals An "Impending Shock" Threatening Creditors With The Possibility Of A Change In The ER! ARTICLE: Economic researcher Aziz Shwan confirmed that the Iraqi economy has recently witnessed direct effects of the policies of the government, which recently became a caretaker government, noting that these policies have had positive results & others burdened with future challenges. Shwan explained to the newspaper's platform that the government has taken a series of measures to curb the outflow of hard currency abroad by tightening controls on Dollar export channels & reducing unregulated activities. This has contributed to encouraging large investors to direct their investments domestically instead of transferring them abroad. This has had a positive impact on the local market by stimulating the productive & service sectors & giving the economy a degree of relative stability. In contrast, Schwan pointed out that the significant expansion in government projects, especially infrastructure projects, has forced the government to increasingly rely on financing through domestic debt to cover growing obligations, creating additional pressure on public finances. The researcher warned that the incoming government might find itself compelled to reassess the Dinar's ER against the Dollar to make it more realistic, which could negatively impact domestic creditors, given that a significant portion of the public debt is denominated in dinars. He explained that any increase in the official Dollar ER would lead to a decrease in the real value of what creditors receive, threatening to create financial pressure on investors & institutions reliant on local debt instruments. Shwan concluded by saying that the current stage represents a sensitive economic turning point for Iraq, where attempts to strengthen monetary stability intersect with the increasing requirements for financing government projects, stressing the need to adopt balanced financial & monetary planning and rearrange spending priorities to avoid side effects that may affect the market & investors & negatively impact the Budgets of future years. Tishwash: Al-Sudani: Iraq Is Going Through A Recovery Phase & Regaining Its Leading Role In The Region. ARTICLE: PM Mohammed Shia al-Sudani affirmed on Monday that Iraq is going through a recovery phase & regaining its leading role in the region, while stressing the need to keep ambassadors away from any political alignments or squabbles . His office said in a statement received by the Mail that “Al-Sudani received the new Iraqi ambassadors on Monday, congratulating them on gaining the confidence of the government & the House of Representatives to represent their country diplomatically in various countries around the world .” Al-Sudani stressed that “the ambassadors’ mission is not a privilege but a duty & responsibility to represent the country & they have the duty to defend the interests of Iraq & its People in all their diversity & components, by investing their expertise in diplomatic work,” stressing that “the selection of ambassadors was subject to criteria & requirements & we are all confident in those who were chosen to be keen on representing Iraq in the best possible way, and to contribute to formulating the strategy of Iraqi diplomacy & building a modern diplomacy that keeps pace with the requirements of the future .” He pointed out that "the ambassador must stay away from any political alignments or squabbles," stressing that "Iraq is currently going through a phase of recovery, stability & restoring its leading role in the region, despite the events it has witnessed ." He added: “Our government has managed to maintain a clear approach to foreign policy, establish broad relations, and not limit them to certain countries. We have maintained our principled position towards the Palestinian issue & the Zionist aggression, which has affected Arab & Islamic countries. Iraq’s balanced position regarding the events & developments in the region must be highlighted, while preserving the interests of Iraq & its People .” He continued: "We are working to strengthen economic partnerships & it is among the ambassadors' tasks to present studies & proposals in this regard," indicating that "the work of embassies should reflect the positive developments in development, reconstruction and stability in Iraq." He pointed out that "work in the field of economic diplomacy must be strengthened & we seek to move from a rentier economy to a diversified one & we have worked on developing the economy through a series of banking, customs & tax reforms, to contribute to creating an attractive investment environment ." He continued: “We face environmental challenges and a water crisis, which requires a pivotal diplomatic role in negotiating with the countries concerned and int'l organizations. We emphasize strengthening the role of (soft diplomacy) through cultural & sporting aspects that bring Peoples closer together .” He explained that "all capabilities will be ready to support the path of the Ministry of Foreign Affairs and our ambassadors in various capitals & the joint committees must be maintained and activated, because they represent the framework of foreign relations between Iraq & the rest of the countries." He pointed out that "during the days of the former regime, Iraqi citizens used to flee from Iraqi embassies, but today the state, its institutions & embassies are at the service of the citizen ." He concluded by saying, "One of the ambassadors' priorities is to care for the Iraqi communities in all their diversity & with all their needs & to work on connecting the communities with their country. .

Here's an article of Dinarian interests... It appears there will be no new ER in the 2026 Budget. Treat as a rumor. Not verified. Your opine. TNT via Tishwash: The Finance Committee Determines The Disbursement Mechanism For The Year 2026. ARTICLE: The Parliamentary Finance Committee revealed today, Wednesday, the spending mechanism that the government will adopt in 2026. Committee member Jamal Kojar told Al-Furat News Agency that: “The government will adopt the spending mechanism in 2026 according to Law 1/12 of 2024, as a result of the 2025 Budget Schedules not being approved yet.” Kujer explained that "the ER will remain the same," noting that the "disbursement operations will be limited to expenses & the operating Budget only."

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Decline In Purchasing Power Limits The Rise In The ER. Treat as rumors. Not verified. Your opine. Economist: The Decline In Citizens' Purchasing Power Limits The Rise In The ER. ARTICLE: Economic expert Salah Nouri confirmed today, Saturday, that the Dollar ER in the parallel market depends primarily on demand for trade purposes from neighboring countries. He added in a statement by {Al-Furat News} that "demand depends on the purchasing power of the Iraqi citizen & currently purchasing power is weak & the possibility of it continuing due to the financial crisis & the delay in disbursing salaries, which is a large segment". Nouri pointed out that "if the election campaign goes on its correct democratic path without exploiting public money or the flow of money from abroad, the price of the Dollar will remain in its current state without an excessive rise". Suspicious Platforms & A Market Without Laws Or Oversight: Cryptocurrencies Are Invading Iraq. At a time when the global shift to a digital economy is accelerating, Iraq is witnessing a significant increase in digital trading & cryptocurrency activity, amidst the absence of regulatory legislation & a legal environment lacking the necessary controls. Warnings of the worsening phenomenon are beginning to mount, especially with the expansion of unlicensed platforms & the increasing popular interest in these markets, which are described as complex & high-risk. Internationally, cryptocurrencies such as Bitcoin, Ethereum, & others have become part of the alternative financial ecosystem, used for trading, investments & even cross-border transfers. Although many countries have rushed to regulate this sector byenacting strict laws or adopting regulatory frameworks, Iraq remains a bystander, lacking clear legislation or a regulatory body for this activity. With the increasing use of the internet & digital payment methods, economic analysts believe that Iraqis are gradually entering the world of digital trading through global & local platforms, many of which lack any official licenses or legal oversight, exposing users to significant risks. Speaking to Baghdad Today, economic affairs expert Nasser Al-Tamimi expressed his concern about the growth of digital trading in Iraq, noting that it has become a real threat on both the financial & social levels. He said, "The rapid growth in the number of Iraqi traders, especially in the absence of legal regulation, is a dangerous gateway to financial fraud or even money laundering." Al-Tamimi asserts that "the state cannot remain a spectator to this ever-expanding digital financial phenomenon without taking action to establish clear controls & legislation that protect users' rights & safeguard the nat'l economy." He points out that some parties may exploit digital currencies as a tool for smuggling funds or circumventing sanctions, potentially exposing the country to int'l pressure. According to observers, digital trading & cryptocurrencies pose a new challenge to the Iraqi economy, unexpectedly emerging amid a clear legislative vacuum and a risky environment. While countries around the world are addressing this phenomenon from a precise regulatory & technical perspective, Iraq still lacks a legal & strategic vision for it. Al-Tamimi noted that the very nature of the digital market, which is based on sharp & sudden fluctuations, could result in huge losses for unskilled users, especially with the promotion of a culture of "quick profit" without sufficient awareness of the risks. In light of this situation, Al-Tamimi called for the formation of a specialized committee comprising experts from the financial, technical & legal sectors. This committee would be tasked with studying the reality of cryptocurrencies in Iraq and offering clear recommendations that would contribute to formulating a balanced legal framework. According to Al-Tamimi, the required framework should "encourage innovation, but at the same time, set barriers to abuse and protect society from potential negative repercussions." With the growing number of users and some platforms transforming into centers for collecting unsecured funds, there is a pressing need for urgent government action to regulate this sector, not only to protect citizens, but also to ensure that cryptocurrencies do not become a dangerous loophole in the country's economic & security barrier. Iraqis Do Not Trust Banks. More Than 90% Of The Money Supply Is Outside The Banking System. A Close Up. The relationship between Iraqi citizens & banks, both governmental & private, remains isolated or nearly severed, especially when it comes to depositing money with these banks. Citizens view these banks as deep wells that hide their money beneath the routine of lengthy transactions, while they see the rooms & closets of their homes as the safest places for their cash. Citizen Wajdan Saleh is one of those people. She is afraid to deposit her money in Iraqi banks & prefers to keep it at home, citing her fear that the banks will not easily return her money if she needs it. "I once deposited 5 million Dinars in a government bank & when I went to withdraw it after a long period of time, they asked me to follow impossible procedures that took more than a week," Wajdan told Shafaq News Agency. Wajdan added that since then she has not deposited any money, even the remittances she receives from relatives outside Iraq, which she receives immediately upon arrival. "The lack of trust between citizens & banks has led to citizens hoarding their money at home & not depositing it in banks, which has significantly impacted the monetary aggregate," MP Mustafa Al-Karawi asserted. He added, "The issue of developing the banking sector & merging banks has been raised repeatedly in parliament & the primary reason behind this is the loss of confidence citizens have had in the banking system in Iraq." Speaking to Shafaq News, Al-Karawi explained that this problem stems from long-standing issues related to weak electronic & banking accounting systems, which has made citizens reluctant to use them & prefer to withdraw their full salaries as soon as they are deposited into the card, leaving no balance. He points out that the absence of modern banking systems has led people to refrain from depositing & saving in banks, which has led many to hoard their money at home, which in turn eads to economic stagnation & reduces the amount of liquidity circulating in the market. Al-Karawi calls for raising citizens' awareness & banking culture, as well as for government & commercial institutions & the private sector to adopt e-commerce transactions, as an important path to stimulating economic activity. He concluded by saying that deposits in banks not only provide financial security for citizens, but also enable banks to provide development services such as loans & advances, which contribute to stimulating the market & achieving the desired economic growth. Economist Dr. Ali Daadoush told Shafaq News Agency, "The phenomenon of hoarding money amounts to 92% of the monetary mass outside the banking system. It represents a fundamental challenge to the monetary & financial structure in Iraq & is one of the most prominent manifestations of the structural fragility of the monetary economy." He emphasized that "this phenomenon is complex & has behavioral, institutional & economic dimensions." He adds, "The culture of hoarding is not a new phenomenon. It is an extension of decades of political and economic instability, from blockades to sanctions, from a lack of security to fragile institutions. During these periods, the idea that paper money in your pocket is better than money in the bank became ingrained in the Iraqi mindset. However, this culture did not remain within the framework of individual behavior alone, but rather transformed into a general phenomenon, stifling the economic cycle & weakening the ability of banks to perform their vital functions, from financing to investment, from oversight to the activation of monetary instruments." Daadoush points out that "the majority of those who hoard cash are individuals, particularly in small towns, rural areas & areas not covered by banking services. This is due to a lack of trust in banks, a result of past experiences of bankruptcy, seizure, or corruption & the absence of a culture of financial inclusion in the educational & media systems." Daadoush points to "the difficulty of banking procedures, the lack of widespread branch presence & the decline in digital banking services, which push people to cling to cash as an easier means of payment." According to experts, this phenomenon has many negative aspects, including the central bank losing effective control over the money supply & its tools, such as interest rates & rediscounting, becoming less effective. Meanwhile, banks suffer from a liquidity crunch, which weakens their ability to finance projects & pushes investors toward informal financing. Furthermore, managing inflation due to the unofficial money supply negatively impacts the CBI's decisions in achieving its primary objective of controlling the general price level & achieving stability. Citizen Abdul Ali Alwan told Shafaq News Agency, "The procedures for opening a bank account require official identification documents & an amount not exceeding $100. This is normal, but the problem becomes more complicated if we are asked to withdraw part of the deposited amount." He added, "Routine procedures hinder the withdrawal process & take more than a week." Due to the instability & the closure of some private banks due to external sanctions, some people refuse to deposit money in these banks. Contractor Abdul Zahra Fadel explains, "There are often times when there is a quick & urgent need for money,but banking procedures stand in the way. Some private banks are subject to sanctions that require them to shut down for a period of time & then we face numerous problems." He pointed out in an interview with Shafaq News Agency: "When a citizen opens a bank account in hard currency, the money transferred to him through the bank is not disbursed in the same currency," noting that "the money transfer is also not delivered at the parallel rate under the pretext that the account opened with the bank is in hard currency & another account must be opened in local currency in order to withdraw the transfer." He asserts that "banks in Baghdad adopt complex & often unreasonable procedures that place customers in prolonged suffering. This is completely different from the banks in the region,which enjoy ease & transparency in all their banking transactions." Ultimately, the Iraqi government must improve the administrative performance of banks and increase citizen confidence in the banking system by facilitating the procedures for withdrawing & depositing funds.

Here's an article of Dinarian interests... Market ER Approaching The Official CBI ER. Treat as a rumor. Not verified. your opine. Clare: Market ER Approaching The Official CBI ER. Article “The Dollar & Dinar: Exchange Rates Approaching the ‘Official’ Rate in Iraq” Quote “The ER of the USD fell against the Iraqi Dinar on Tuesday morning in the markets of Baghdad & Erbil. Recording 139,000 Dinars for every $100, while yesterday, Monday, it recorded 139,800 Dinars for every $100. It is noteworthy that the official ER of the Dollar at the CBI is 132,000 Dinars for every $100” Note: A lower IQD rate to the Dollar from this perspective is better for Dinar holders outside of Iraq.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -A Sudden Decision: Stopping The Supply Of Dollars To Travelers At The Official ER. -The Dollar ER Rose Against The Dinar In Baghdad & Erbil. -Iraq's Gold Reserves Have Declined, Prompting Local Sales. -Iraqi Oil Exports To The US Declined Last Week. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: A Sudden Decision: Stopping The Supply Of Dollars To Travelers At The Official ER. ARTICLE: An informed source reported on Sunday that the relevant authorities have stopped supplying travelers with USD at the official ER of 1,320 Dinars per Dollar. The source told Al-Furat News, "It was decided to stop supplying travelers with Dollars at the official ER of 1,320 Dinars." The source explained that "this step came as a result of the lack of sufficient quantities of the currency available to the relevant authorities, amid growing demands from exchange companies to provide Dollars on a continuous basis to meet travelers' needs." -The Dollar ER Rose Against The Dinar In Baghdad & Erbil. The ER of the Dollar rose against the Dinar, Sunday afternoon, in the markets of Baghdad & Erbil governorates, coinciding with the closing of the stock exchange. The Dollar prices recorded an increase with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,600 Dinars for every $100, while the prices recorded this morning were 147,300 Dinars for every $100. Selling prices in exchange shops in the local markets in Baghdad witnessed an increase, as the selling price reached 148,500 Dinars for every $100, while the purchase price reached 146,500. Dinars for every $100. In Erbil, the Dollar also recorded an increase, as the selling price reached 147,400 Dinars for every $100 & the purchase price reached 147,300 Dinars for every $100. -Iraq's Gold Reserves Have Declined, Prompting Local Sales. The World Gold Council announced today, Sunday, that Iraq's gold reserves have decreased by 100 kilograms. According to observers, the 100 kilogram shortage in Iraq's gold reserves is due to its domestic use and sale in the form of gold bullion. According to the latest table published by the Council in April, Iraq's gold holdings decreased by 100 kilograms to 162.6 tons, down from 162.7 tons the previous month. This represents 14.5% of its remaining reserves. The Council added that Iraq maintained its 28th place on the list out of 100 countries, indicating that Iraq came in 4th place among Arab countries after Saudi Arabia, Lebanon & Algeria. The Council also noted that the US tops the list of countries with the largest gold holdings in the world, with 8,133,000 tons, followed by Germany with 3,351,000 tons, then Italy with 2,451,000 tons, while Iceland comes in last with two tons. It's worth noting that the World Gold Council is headquartered in the UK possesses extensive experience and in-depth knowledge of the factors driving market change. Its members comprise some of the world's largest & most advanced gold mining companies. -Iraqi Oil Exports To The US Declined Last Week. The US Energy Information Administration announced a decline in Iraqi oil exports to the US during the past week. The administration said in a table that "the average US imports of crude oil during the past week from ten major countries amounted to 6.197 million barrels per day, an increase of 549 thousand barrels per day compared to the previous week, which amounted to 5.648 million barrels per day." It added that "Iraq's oil exports to America decreased, reaching an average of 132 thousand barrels per day, down from last week, which averaged 203 thousand barrels per day." The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Mexico, Brazil & then Saudi Arabia." According to the table, "the amount of US imports of crude oil continued from Colombia, Venezuela, Libya, Ecuador & Nigeria."

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -Lower Oil Prices May Push Iraq To Reduce The ER. -Discusses The Completion Of The Budget Schedules. -Oil Prices Stabilize Above $70. -Gold Prices Rise Over Weaker USD. Treat as rumors. Not verified. Your opine. FROM IRAQI Sources: Economist: Lower Oil Prices May Push Iraq To Reduce ER & Cut Expenses. ARTICLE: Economic expert Nabil Al Marsomi warned today, Monday, that the continued decline in oil prices will put the Iraqi government before difficult choices, including those that may include reducing the ER to confront financial challenges. Al-Marsoumi told Al-Furat News Agency that “the government may be forced to take austerity measures that include reducing public expenditures & increasing non-oil revenues,” noting that “the oil market is currently suffering from significant weakness, with a decline in oil policy that may include imposing fees on some countries such as China, Canada & Mexico, in addition to the possibility of canceling the OPEC Plus agreement, which stipulates reducing production by two million barrels per day.” He added, "These expectations indicate further declines in oil prices in the coming weeks, which will negatively affect the Iraqi economy." -The Ministerial Council For Economy Discusses The Completion Of The Budget Schedules & The Reality Of The Local & Global Oil Market. The Ministerial Council for the Economy discussed, on Monday, completing the Budget Schedules & the reality of the local & global oil market, while setting the end of this year as the final date for implementing the Iraqi specifications for vehicles & regulating the process of issuing car import licenses. The Council said in a statement received by Mawazine News: "Deputy PM & Minister of Foreign Affairs Fuad Hussein chaired, on Monday, the 8th session of the Ministerial Council for the Economy, which was held in the Council building in the presence of the Deputy Prime Minister & Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor & Social Affairs, in addition to the Secretary-General of the Council of Ministers, the Gov of the CBI, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission & the PM's advisors for economic & legal affairs." He added that "the Council hosted the Minister of Interior to discuss the project to rehabilitate vehicle registration sites & issue driving licenses throughout Iraq, in addition to the smart signals project & the radar system in the capital, Baghdad." The Minister explained that "these projects will contribute to improving the services provided to citizens, enhancing traffic flow & reducing congestion." -The Council Supported The Measures Taken By The Ministry In This Regard & Recommended Submitting Them To The Council Of Ministers. He added that "the Council discussed with the Deputy PM & Minister of Oil the completion of the Budget Schedules, where the Minister provided a detailed explanation of the reality of the local & global oil market, in terms of prices & expected production quantities, expenses required to manage extraction & marketing operations & purchase of petroleum derivatives, in addition to the expected revenues from the oil sector." He stated that "the Council hosted the Undersecretary of the Ministry of Electricity &d officials in the Ministry, in addition to the Director General of the Iraqi Trade Bank & a number of heads of investment companies specialized in the energy sector, to review investment contracts & discuss the best ways to ensure the continuity of electricity supplies, especially with the approach of summer," Noting that "the Council hosted the head of the Central Organization for Standardization and Quality Control, to discuss the Ministry of Planning's request to postpone the implementation of the Iraqi specification for vehicles & organize the process of issuing car import licenses until the end of this year." The head of the agency explained that "the postponement will enable the concerned authorities to complete the required technical procedures, in line with the Consumer Protection Law and the Competition & Anti-Monopoly Law." He stated that "the Council approved the request, setting December 31, 2025 as the final date for implementation." -Basra Oil Prices Stabilize Above $70. Basra crude prices (heavy and medium) witnessed a remarkable stability at the opening of weekly trading in the global market. Basra medium crude recorded $ 70.83 per barrel, while heavy recorded $ 67.78 per barrel. The data also showed a slight decrease in global crude prices, as British Brent crude recorded $ 69.87, while US West Texas Intermediate crude recorded $ 66.53 per barrel. -Gold Prices Rise As Demand For Safe Havens Increases. Gold prices rose on Monday, supported by a weaker Dollar &d increased demand for safe havens due to concerns about a global trade war, while investors awaited more evidence to assess the Federal Reserve's stance on interest rates. Spot gold rose 0.1% to $2,914.42 an ounce, while U.S. gold futures rose 0.3% to $2,921.90.Gold Prices Rise.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. -Warning Against Changing The ER. -Minister Of Finance: Iraq Provides An Attractive Investment Environment Based On Advanced Infrastructure. -Globally. A Slight Decline In Gold Prices. -Oil Prices Recover From Lows To $77.49 Per Barrel. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Expert Warns Against Changing The ER: A Bigger Mistake Than The Last Adjustment. ARTICLE: Economic expert, Abdul Rahman Al Mashhadani, warned against changing the official exchange rate & returning it to 145 thousand Dinars for every 100 Dollars. Al-Mashhadani told {Euphrates News}: "There is talk about the idea of changing the official ER & returning it to 145,000 Dinars per 100 Dollars," warning that "this measure will be a bigger mistake than the last amendment." He stressed that "the Dollar ER in the parallel market have stabilized for a long time at the threshold of 151,000 Dinars per 100 Dollars," noting that "this difference has nothing to do with the 2025 Budget Schedules, as it will not differ much from the 2024 Budget." Al-Mashhadani pointed to "a desire to stabilize the price of a barrel of oil at $60 with a move to reduce investment expenditures, due to the large & ongoing financial deficit in the budget," adding that "the gap between the Dollar in the parallel market & the official ER will remain as it is." He explained that "the Dollar ER will not stabilize due to a gap in demand, as Iranian goods constitute a large part of the market & imports continue at a rate ranging between $25 & $35 million per month, with these funds being financed from the parallel market instead of CBI bank transfers." The economic expert concluded by stressing that "the ER between the Parallel & Official Market will remain the same unless trade is regulated & included in the CBI's transfers." -Globally. A Slight Decline In Gold Prices. The USD rose against the Iraqi Dinar on Wednesday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange. The Dollar also rose with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 150,100 Dinars per 100 Dollars, while the prices were 149,900 Dinars per 100 Dollars this morning. The selling prices stabilized in exchange shops in the local markets in Baghdad, where the selling price reached 151,000 Dinars per 100 Dollars, while the purchase price reached 149,000 Dinars per 100 Dollars. In Erbil, the Dollar also rose, where the selling price reached 150,200 Dinars per 100 Dollars & the purchase price was 150,100 Dinars per 100 Dollars. M of F Taif Sami confirmed: "Iraq Provides An Attractive Investment Environment Based On Advanced Infrastructure." A statement by the Ministry of Finance media stated: "Minister Taif Sami received, today, Wednesday, the Ambassador of the Czech Republic to Iraq, Jan Schneidaov. During the meeting, they discussed joint cooperation in the economic & investment fields." The Minister confirmed, according to the statement: "Iraq provides an attractive investment environment based on advanced infrastructure," referring to the opportunities available to foreign investors, especially in the banking, energy & manufacturing sectors. She stressed the Iraqi government's commitment to enhancing cooperation with the Czech Republic in the fields of finance & reconstruction & benefiting from Czech expertise in developing the financial & banking sector. For his part, Ambassador Jan Schneidaov expressed his country's desire to strengthen the economic partnership with Iraq, stressing the readiness of Czech companies to invest in the Iraqi market, especially in the fields of technology & industry. He also pointed out the importance of expanding trade exchange between the two countries & strengthening financial cooperation channels. -Globally. A Slight Decline In Gold Prices. Gold prices fell slightly on Wednesday, as investors await the results of the US Federal Reserve meeting, which is scheduled to end later today. Spot gold prices fell by about 0.03% to $2,762.24 per ounce. Gold prices fell more than 1% on Monday, their biggest drop since Dec. 18, hit by the launch of China’s low-cost artificial intelligence-powered DeepSec app. A sharp decline in global stock markets in the previous session also led to risk aversion in other assets. -Oil Prices Recover From Lows To $77.49 Per Barrel. Oil prices steadied on Wednesday, recovering from multi-week lows, after the WH confirmed U.S. President Donald Trump's plans to impose tariffs on Canadian & Mexican imports this week. Concerns about weak demand linked to weak economic data from China and high temperatures elsewhere capped gains. Brent crude futures fell 2 cents to $77.49 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 3 cents to settle at $73.80. In his speech broadcast from Washington, D.C., Trump called for lower oil prices & lower interest rates globally. The WH said Trump still plans to impose 25 percent tariffs on Canada & Mexico on Saturday while considering new tariffs on China. In Libya, local protesters blocked crude oil loadings on Tuesday at the Es Sider & Ras Lanuf ports, putting about 450,000 barrels per day (bpd) of exports at risk. But fears of supply disruptions eased after Libya’s National Oil Corporation said export activity was running normally after talks with protesters. China, the world’s biggest importer of crude oil, reported an unexpected contraction in manufacturing activity in January on Monday, putting pressure on oil prices. Chinese demand for crude is also expected to be affected by recent U.S. sanctions on Russian oil trade. In the US, weather forecasts are calling for above-average temperatures this week, which is also affecting demand for gasoline. Heating after bitter cold weather sent natural gas & diesel prices higher in previous sessions.

Here's some articles of Dinarian interests... -Will US Presence In Iraq Bring Stability? -The New ER. -USD-Dinar ER Expected To Rise. Treat as a rumor. Not verified. Your opine. Samson: SOFA Agreement. Article: "A Different Scenario... WAPO: Baghdad will request that US forces remain in Iraq" Frank26 via Iraq-Boots-On-The-Ground Report via FIREFLY: The New ER. ARTICLE: Mr Sammy...the key here will be when the auctions stop & we feel like it will be either the 28th or the 29th. The Dollar may jump up some due to traveling at this time but soon we should see the lower notes & the new rate. MarkZ via PDK: Dollar-Dinar ER Expected To Rise. ARTICLE: “Within days: business confused with the Dollar ER expected to rise in parallel market” Businesses are trying to figure out how to price things. The government created a committee to address how to reprice things for sudden value changes.

Here's an article of Dinarian interests... FROM THE THROAT OF THE GOAT. Treat as a rumor. Not verified. Your opine. Many Goat: CBI Offical ER Has Not Changed. ARTICLE: I wanted to come today & dispel many current trends & rumors about an RV in Iraq. No, the CBI “official” rate has not changed. It is still 1310-1320 Iraqi Dinars = 1 US Dollar. Also, I can tell without a shadow of a doubt that the newer lower denominations have not yet been distributed in Kurdistan. If the lower denominations were issued, why would someone, anyone in Iraq not take a picture of the newer notes & publicize them? I will tell you why. Because they are NOT issued. Is this so hard to understand? Wouldn’t the CBI itself publish a change to the official rate & why does it not yet show pictures & security features of these new notes on the CBI site? The news today is mostly all about the digital transformation & the Digital Payment Regulation No.2 of 2024. You might want to take a look article titled “THE TURNING POINT: IRAQ’S LEAP INTO THE DIGITAL ECONOMY”. We learn that the article tells us that this new law is beyond compliance: This is as a shift towards better financial inclusion. I quote from the article “The CBI has set a clear direction: digital payments are now an essential part of Iraq’s economic future. With funding from the United States Agency for International Development (USAID) in Iraq & support from the United Nations Development Program (UNDP) Iraq, this regulation is a catalyst for ensuring that digital transactions are accessible not only to urban business hubs but also across diverse sectors, bridging public & private financial landscapes.” Iraq’s transition to digital payments will unlock a range of economic benefits & I am told by my CBI contact that this is the precursor to the Project to Delete the Zeros. Let’s all keep an eye for what happens when Iraq finally makes this huge transition away from using purely cash to all digital. You should read the following article titled “A BIG DILEMMA” AWAITS THE IRAQI BANKING SYSTEM.. ECONOMIST”. On Tuesday, the economic expert, Mustafa Akram, expected that Iraq would enter a good economic phase with the arrival of Trump & while he indicated that the banking system would face a “major dilemma,” he confirmed that Iraq responds to crises & lacks control & command. You should read the following article titled “WAYS YOU NEVER THOUGHT OF.. JUDGES REVEAL METHODS OF SMUGGLING HARD CURRENCY” In it we learn that several judges & legal experts spoke about the latest methods of smuggling USD out of the country, pointing out that currency smugglers have developed their means & methods of smuggling money. Remember the Dollar is being stripped from Iraq & the merchants will no longer go to a currency auctions window to exchange Iraqi Dinar for US Dollars. Instead this exchange will be accomplished by “correspondent” banks & done all electronically utilizing the new digital ability of the Iraqi banking system. Yes, this is huge & I can’t emphasize it enough that the transformation of Iraq is happening right in front of our noses. If you recall for the last decade the plan was always to go digital but Iraq could not easily do it. The mantra of using all cash & the anxiety of not having it in your grimy little hands was new to the citizens of Iraq. However, as we watched the transformation happen, especially since January 2023, we can clearly see now what this is all going to lead to. Please do yourself a favor and do not rely on any single event to give you the RV event you are looking for. This is pure speculation & so why not base your beliefs on FACTS rather that RUMORS. So, there is lots of news coming out of Iraq but I wanted to limit it to pertinent information related to the RV & Reinstatement. We know that rebels ousted Syrian leader Assad out of the county into exile. What is the impact on Iraq? W e know that any event significant as this will have rippling effects on the middle east & probably the world. I am not totally convinced that getting rid of Assad was such a good idea as it will cause come instability in the region unless they can replace him quickly. I do not yet know all the details but I will ask many questions tomorrow to my CBI contact on this subject matter in the hopes of learning more from someone closer to the situation. So we know that the currency auctions will end, at the end of the year. Yes, in about 3 weeks. We still look forward to the initiation of the Project to Delete the Zeros, if in fact the CBI does intend to reinstate the Iraqi Dinar back on FOREX. There is nothing we can do but relax & wait.

Here's an article of Dinarian interests... One ER for everybody. No special projects or China rates. Treat as a rumor. Not verified. Your opine. Pimpy: Let's Talk ER. ARTICLE: There won't be no in-country/out-of-country rate, just not going to happen. If there's a LOP & you think you're going to be able to hold the old bank notes with the zeros on there just because you're out of Iraq &...the exchange rate jumps up to a high exchange rate& you think you're going to run down there with your 25,000 and swap it with that exchange rate & get more of a return, you're sadly mistaken...In country 1 to 1 - out of country a $3.86 exchange rate, that's not going to happen. The variance is usually somewhere between 1% to 3%...

Here's some articles of Dinarian interests... Sudanese Advisor justifies, addresses ER. Yasiri declares US Enemy Of Iraq. Treat as rumors. Not verified. Your opine. Here's some articles of Dinarian intersts.FROM OTHER SOURCES: The Sudanese Advisor Details Iraq's Financial Situation & Addresses Exchange Rates. ARTICLE: The PM’s Advisor for Financial & Economic Affairs, Mazhar Muhammad Salih, stated the real growth rate in Iraq’s non-oil gross domestic product, while referring to Iraq’s financial situation. Saleh said, in an interview followed by “Al-Iqtisad News,” that “the basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceed 100 billion Dollars & they are the cover of the national currency, which means that there is complete coverage of the national currency issued in foreign currency, which provides "Ideal stability for the Iraqi Dinar ER, in addition to the fact that these foreign reserves embody Iraq's commercial efficiency, as these reserves cover more than 15 commercial months, while the global standard is only three months." He added, "We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8%), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability & growth." He pointed out that "the real growth rate in Iraq's non-oil gross domestic product has touched (6%) & it expresses the growing activities of important sectors, most notably the reconstruction, construction & housing movement & the development of the transport & digital communications sector & there is a continuing movement in developing the agricultural sector thanks to government support for crops. " We expect Iraq’s grain production in the next few months to reach 6 million tons.” FROM OTHER SOURCES: Experts: We Are Optimistic About The Country's Financial Situation. ARTICLE: Huda Al-Azzawi Specialists in financial & economic affairs expressed their optimism about the future outlook for the country’s financial situation & while they saw that PM Muhammad Shiaa Al-Sudani’s statement regarding this aspect and the overall economic file is correct & consistent with reality, they called for the continuation of steps to leave the unilateral rentier economy to a productive economy. Advisor to the PM for Financial and Economic Affairs, Dr. Mazhar Muhammad Salih, said in an interview with “Al-Sabah”: The basis comes from the strength of the foreign asset reserves that Iraq possesses, which exceeded 100 billion Dollars, which is the cover of the national currency, which means that there is complete coverage of cash. The national export in foreign currency, which provides ideal stability for the exchange rate of the Iraqi Dinar, in addition to the fact that these foreign reserves embody the commercial efficiency of Iraq, as these reserves cover more than 15 commercial months, while the international standard is only three months. He added, “We must not forget that the surplus in the current account of the balance of payments relative to the gross domestic product also did not fall below (positive 8 percent), which is a high indicator that reflects the strength of the external sector in the national economy, that is, its stability and growth.” He pointed out that “the real growth rate in Iraq’s non-oil gross domestic product has touched (6 percent) and it reflects the growth of the activities of important sectors, most notably the reconstruction, construction & housing movement & the development of the transport and digital communications sector & there is a continuing movement in developing the agricultural sector thanks to government support for crops.” “We expect Iraq’s grain production in the next few months to reach 6 million tons.” He stressed, “There is a serious trend towards developing the manufacturing sector, whether on the part of the private or public sector itself, in accordance with recent encouraging ministerial decisions in the field of reducing customs tariffs & protecting the national product or in the inputs of the industry itself, especially in providing electricity or fuel for industrial purposes at competitive prices.” Supported. FROM OTHER SOURCES: Through The Dollar Bill: Washington Continues To Tighten The Noose On The Sudanese Government. ARTICLE: The political & security analyst, Muhammad Al-Yasiri, today, Monday, accused the American administration of continuing its hostile policy towards Iraq. Al-Yasiri said in an interview with a news agency, “The American policy of hostility against Iraq depends on two things. The first is tightening the stranglehold on the flow of Dollars to the CBI & reducing cash liquidity, as well as the terrorist ISIS card.” He pointed out that "the American administration is working hard to restrict the Iraqi government and discourage it from demanding the removal of its occupying forces from the country," adding, "Whoever says that America is a friend of the Iraqi people is subject to the policy of collusion & treason." Al-Yasiri continued, "The American restrictions on Iraq regarding the Dollar clearly confirm the lie of the so-called friendship of the US with Iraq." He pointed out that "the American administration always resorts to punishing Iraq by establishing solid institutions under the control of the Iraqi state." The UST recently imposed economic sanctions on eight Iraqi banks, preceded by sanctions on fourteen others & prevented them from dealing in the Dollar currency, as the reasons behind imposing such sanctions were not explained.

Here's an article of Dinarian interests... RV in-country...rate still hidden. How can there be an RV with a hidden rate? At what rate are Iraqis exchanging at if the rate is hidden. This really don't make any sense, yet several Gurus are insisting. Remember - WiserNow is associated with Bruce The Goose. Treat as a rumor. Not verified. Your opine. WiserNow: RV In Country. Rate Is Still Hidden From Public View. ARTICLE: Iraq did not put their new rates on the Dinar in their Gazette – their official document called the Gazette…which is a major publication day Wednesdays & Saturdays. But according to our contacts in Iraq, they should be putting in Saturday’s Gazette So we’ll see what happens.

Luigi says... It don't get any clearer than this, folks. Economic reform must get done in July. 4 July 2017 Currency365... Allak: Before the important meeting in August I must launch the Economic Reform or I will not get the grants & huge loans. CBI reveals an important meeting with the IMF.

Today's news & rumors: many intel newshounds are now coming out claiming economic reform is in full swing. Your reaction to the latest news & rumors. 8-27-2015 Newshound/Intel Guru Bluedog NEWS COMING OUT IS FANTASTIC...REFORM IS MOVING IN LIGHTNING SPEED. 8-27-2015 Intel Guru Frank26 [WOW!! Slap me silly!! MR is screaming at us, can you see it...?] Indeed. As we said the RI can start in the country and this would encourage the CITIZENS to buy their DOMESTIC BONDS. THEN...An RV would stimulate us to buy the INTERNATIONAL BONDS. 8-27-2015 Newshound Guru Aggiedad77 It's an interesting day of news that shows the MR in full swing I think...they are definitely moving at a far greater pace than a snail at this point in time...it gets more and more interesting as time goes by... 8-27-2015 Newshound Guru Millionday SO THERE IT IS --- 1. revitalization of the investment side, 2. practical plan for the recovery of the private sector, 3. absorb a lot of aspects of unemployment, 4. correlation application program to import systematic, 5. Add to that the real application of the tariff of customs at all border crossing points, real competition in the market component of Iraq. WHOOOPPOW...REFORM AT ITS FINEST. [WHEN DO THEY INTEND TO REINSTATE THE TARIFFS?] I HAVE READ THIS MONTH MEANING SEPT --- FOR THE TAXATION --- THEY ARE CHECKING AT BORDER PRODUCTS NOW. THE LEGAL --- INSTITUTIONAL AND ECONOMIC REFORM HAVE TO BE DONE ALL AT THE SAME TIME SO THEY AGREE WITH EACH OTHER --- COMPLIANCE. ALL OF THE REFORMS COMPLIMENT EACH OTHER --- THEY ARE RELIANT FOR THE SUCCESS AND LEGALITIES... IT APPEARS THEY ARE REFORMING BY THE NEWS...

10 July 2015 Intel Guru SteveI... Article: "financial crisis in Iraq Kurdistan shuts down 6,000 projects" Quote: "a slowed and deteriorating financial climate in Iraq Kurdistan region has shut down thousands of development projects, according to a senior government official" You will see more of this in coming days. You watch. Other countries are also putting huge preasure on Iraq. Good times are ahead. Luigi says... Treat as a rumor and not as news because the Guru quote source cannot be identified.