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Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Iraqi Banking Reform Updates. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: The Iraqi Dinar Is Recovering, While Markets Are Dying. An Economic Recession Is Hitting Kurdistan. ARTICLE: With markets hushed & shelves increasingly empty, the Kurdistan Region is experiencing economic stagnation despite signs of recovery in the rest of Iraq, with the Dollar's ER declining & the Dinar's strength recovering. While some provinces are breathing a sigh of relief, Kurdistan remains mired in a vicious cycle of mounting crises, with citizens seeing no sign of this apparent improvement. The Kurdish street isn't asking about economic indicators, but about a missing salary, a lost job opportunity & cash flow that has become as scarce as rain in a time of drought. There's no Dinar in hand, no Dollar in pocket, just a long wait for a hope that may never come & suffering that deepens with every day that salaries are delayed & the circles of unemployment expand. "The problem is not the exchange rate" In this context, experts are increasingly warning that the crisis lies not in the ER, but rather in the absence of economic policies that ensure the benefits of the improvement reach citizens. This was pointed out by economic expert Farman Hussein on Wednesday (May 28, 2025), who asserted that the Kurdistan region remains outside the circle of economic recovery, despite all the positive changes in the currency ER. Hussein told Baghdad Today, "Despite the decline in the Dollar ER & the recovery of the Iraqi Dinar, the markets in the Kurdistan region have yet to benefit from this decline & are still suffering from stagnation." He added, "The region's problem lies in the lack of financial liquidity. Citizens do not have Dollars or Dinars due to the non-payment of salaries, the scarcity of job opportunities, the high unemployment rate & the weakness of banking transactions. All of these factors lead to a lack of financial liquidity." Variation In The Iraqi Economic Scene: For months, Iraq has witnessed a significant improvement in the value of the Dinar against the Dollar, as a result of a series of government & banking measures aimed at regulating the market & controlling the flow of foreign currencies. This has had a positive impact on purchasing power in a number of governorates & has contributed to a relative easing of economic pressures on Iraqi citizens. However, this improvement was not comprehensive, as the Kurdistan Region remained in a state of marked economic recession, despite the decline in the Dollar's value. The structural problems plaguing the region, most notably the crisis of delayed salaries, high unemployment rates & weak liquidity in the markets, prevented any real recovery that could be felt by citizens. Sudani's Financial Advisor: Cooperative Hypermarkets Reduced Demand For The Parallel Dollar & Prevented A Rise In Inflation. The PM's financial advisor, Mazhar Saleh, confirmed that the hypermarket policy has effectively contributed to reducing demand for Dollars on the parallel market, which has had a positive impact on price stability. In a press statement, he explained that this policy helped prevent inflation rates from rising, keeping them within the 3% range, noting that the measures implemented have boosted market confidence. He added that the proliferation of hypermarkets has encouraged merchants to shift toward importing through official Dollars instead of parallel currencies, which has contributed to regulating market activity & financing foreign trade in a legal & stable manner. Association Of Private Banks: Most Of Our Banks Have Adhered To Transparency & Compliance Standards & Followed National & Int'l Regulations. The Iraqi Private Banks Association confirmed the ability of Iraqi banks to overcome this stage & return confidently to the global economic system. "Our 2nd conference is of exceptional importance in light of the escalating challenges facing Arab banks, particularly Iraqi banks, amid a complex economic & security environment that directly impacts our relations with the global financial system," said Wadih Al-Handhal, head of the Association of Private Banks, during the opening of the 2nd session of the Anti-Money Laundering & Combating the Financing of Terrorism Conference in Baghdad. He added, "Despite the recent measures imposed on some Iraqi banks, we affirm that these decisions do not reflect the reality of the sector. The majority of banks have demonstrated a high commitment to transparency & compliance standards & have followed approved national & int'l regulations. Despite the challenges, they continue to play their role in supporting the national economy & enhancing financial stability." He explained: "These measures have had a negative impact on the image of the Iraqi banking system as a whole & have diminished the confidence of int'l partners, even among institutions that are leaders in compliance & governance." Al-Handhal stressed that "the Iraqi banking sector is witnessing major transformations & the CBI, with direct government support, is currently implementing an ambitious reform plan aimed at enhancing int'l confidence & raising the sector's efficiency, particularly in the areas of compliance & combating money laundering." He continued, "During the conference, we will discuss research papers & specialized opinions that seek to overcome challenges & consolidate compliance rules. The conference topics include the challenges of opening accounts with correspondent banks, enhancing cooperation between Arab banks, the role of technology & artificial intelligence in supporting compliance, local & int'l legislation & the role of central banks in consolidating sustainable compliance." Parliamentary Finance: We Support Efforts To Develop The Iraqi Banking Sector & Are Following Up On The Required Legislation. The Parliamentary Finance Committee affirmed its full support for efforts aimed at developing the Iraqi banking sector & its keenness to follow up on the legislation required to enhance Iraq's compliance with int'l standards. It also stressed the need to balance strict compliance with achieving economic growth goals, supporting the private sector & facilitating investment. “International regulatory obligations imposed on financial institutions, particularly those related to combating money laundering & terrorist financing, have become among the most prominent requirements that affect the nature of the relationship between local banks & their global counterparts,” said committee chairman MP Atwan Al-Atwani during the Anti-Money Laundering & Combating the Financing of Terrorism conference, which kicked off Wednesday in Baghdad. “Fulfilling these requirements is a prerequisite for developing a safe and stable banking environment capable of interacting positively with the global financial system.” He added, "Iraq's engagement, represented by its national banks, in this international regulatory environment is not an option, but rather a national necessity to protect the financial system from cross-border risks & to ensure the continued flow of investments & capital, which directly contributes to supporting economic & social development efforts & enhancing confidence in the national economy." He continued, "Iraq has made significant progress on this path over the past few years, as the Iraqi banking system has witnessed major developments, represented by the modernization of the legal & regulatory structure, the issuance of instructions related to compliance & tightening oversight & work to build qualified banking cadres capable of dealing with these changes." “We have seen the CBI’s keenness to adopt a reform and development approach, by imposing precise & updated instructions in line with int'l best practices, as well as its relentless efforts to enhance transparency & strengthen the system for combating money laundering & terrorist financing,” he added. Noting the importance of this conference, which constitutes an important platform for exchanging experiences & reviewing the latest developments in int'l legislation & highlighting the experiences of other countries in this field, especially with regard to modern compliance techniques, best methods of internal control & risk management.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Al-Sudani Chairs A Meeting Of The Supreme Committee For The Re-Evaluation & Re-Formation Of The Boards Of Directors Of State Banks. ARTICLE: PM Mohammed Shia Al-Sudani chaired a meeting on Monday of the Higher Committee for the Re-Evaluation & Re-Formation of the Boards of Directors of Government Banks & the CBI. The PM's Media Office stated: "The meeting approved a set of recommendations & discussions took place on the topics included in the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks & the CBI, as part of reform efforts in the banking & financial sector & emphasizing the effectiveness of boards of directors, as they constitute a fundamental pillar in the financial & banking reform process." Al-Sudani stressed the importance of boards of directors taking the initiative in developing strategies & visions that guide the work of government banks & enhancing the principle of transparency & accountability within them & the need for these boards to evaluate the challenges & financial risks facing banks, in addition to the importance of strengthening relations with various government agencies & the private sector, which contributes to the implementation of financial & development policies that support the local economy. Al-Sudani: Bank Boards Of Directors & The CBI Are A Fundamental Pillar Of Financial & Banking Reform. PM Mohammed Shia al-Sudani affirmed on Monday the effectiveness of the boards of directors of government banks & the CBI, noting that they constitute a fundamental pillar in the financial & banking reform process. The PM's media office stated in a statement, seen by Al-Eqtisad News, that "PM Mohammed Shia al-Sudani chaired the meeting of the Higher Committee for the Re-He also stressed the need for these boards to assess the financial challenges & risks facing banks, in addition to the importance of strengthening relations with various government agencies & the private sector, which would contribute to the implementation of financial & development policies that support the local economy." & Re-formation of the Boards of Directors of Government Banks & the CBI." The statement added that "the meeting approved a set of recommendations, & discussions took place on the topics on the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks & the CBI as part of reform efforts in the banking & financial sector & emphasizing the effectiveness of the boards of directors, as they constitute a fundamental pillar in the financial & banking reform process." According to the statement, Al-Sudani stressed "the importance of boards of directors taking the lead in developing strategies & visions that guide the work of government banks & promoting the principles of transparency & accountability within them. He also stressed the need for these boards to assess the financial challenges and risks facing banks, in addition to the importance of strengthening relations with various government agencies & the private sector, which would contribute to the implementation of financial & development policies that support the local economy." Al-Sudani: Bank Boards Of Directors & The CBI Are A Fundamental Pillar Of Financial & Banking Reform. PM Mohammed Shia al-Sudani affirmed on Monday the effectiveness of the boards of directors of government banks & the CBI, noting that they constitute a fundamental pillar in the financial & banking reform process. The PM's media office stated in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia al-Sudani chaired the meeting of the Higher Committee for the Re-evaluation & Re-formation of the Boards of Directors of Government Banks & the CBI." The statement added that "the meeting approved a set of recommendations & discussions took place on the topics on the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks & the CBI as part of reform efforts in the banking & financial sector & emphasizing the effectiveness of the boards of directors, as they constitute a fundamental pillar in the financial & banking reform process." According to the statement, Al-Sudani stressed "the importance of boards of directors taking the lead in developing strategies & visions that guide the work of government banks, & promoting the principles of transparency & accountability within them. He also stressed the need for these boards to assess the financial challenges & risks facing banks, in addition to the importance of strengthening relations with various government agencies & the private sector, which would contribute to the implementation of financial & development policies that support the local economy." In Support Of The Local Economy, Al-Sudani Calls For Strengthening The Principle Of "Transparency" Within Gov Banks. PM Mohammed Shia Al-Sudani chaired a meeting on Monday of the Higher Committee for the Re-Evaluation & Re-Formation of the Boards of Directors of Government Banks & the CBI. A statement from Al-Sudani's office received by Mawazine News stated that "the meeting approved a set of recommendations & discussions took place on the topics on the committee's agenda, which focused on evaluating the performance of the boards of directors of government banks & the CBI, as part of reform efforts in the banking & financial sector & emphasizing the effectiveness of boards of directors, as they constitute a fundamental pillar in the financial & banking reform process." He stressed "the importance of boards of directors taking the lead in developing strategies & visions that guide the work of government banks & enhancing the principle of transparency & accountability within them. He also stressed the need for these boards to assess the financial challenges & risks facing banks, in addition to the importance of strengthening relations with various gov agencies & the private sector, which contributes to the implementation of financial & development policies that support the local economy."

Here's some articles of Dinarian interes... Direct From The SANDBOX Report. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: An Economic Expert Told NINA: US Tariffs Will Contribute To Raising Oil Prices. ARTICLE: Economic expert Safwan Qusay confirmed on Wednesday that imposing US tariffs on some countries will contribute to raising oil prices and thus reflect on the oil-producing countries of the Middle East. He said in a statement to / NINA /: "Imposing economic tariffs by Washington will contribute to the withdrawal of many American investments in the world, as well as the possibility of increasing the production volume of companies within the US to meet demand within the Washington environment, stressing that raising such tariffs on Chinese goods will contribute to reducing oil consumption in China until China succeeds in finding other markets, and this issue needs some time and will be reflected in oil prices and thus reflect on the oil-producing countries of the Middle East." He stressed, "Iraq needs to intensify trade conditions with the United States of America to ensure the presence of American goods in the Iraqi market and to support the issue of reducing these tariffs." He continued, "Iraq can contain this crisis and has succeeded in establishing good relations with the United States of America, and there are no indications of oil prices falling below their current levels of $65, which is a price sufficient to cover operating expenses for this period." Slight Increase In Basra Crude Oil Prices. Basra Heavy and Medium crude prices rose slightly despite the stability of global oil prices. Basra Heavy crude prices rose 10 cents to reach $62.43, and Medium crude prices rose 10 cents to reach $65.58. Oil prices stabilized in global markets on Wednesday, as Brent crude recorded $64.49 today, and US crude recorded $61.17. Economist: Financial Debts Have Caused A Liquidity Crisis In Government Banks & The Pension Fund. Economic expert Salah Nouri confirmed on Wednesday the existence of a liquidity crisis at a number of government banks, including Rafidain and Rashd banks, in addition to the Trade Bank of Iraq and the Iraqi Employees' Retirement Fund. He attributed the reason to the accumulation of internal debts at the Ministry of Finance as a result of its reliance on domestic borrowing to cover the budget deficit over the past years. Nouri told Al Furat News Agency, "There is a liquidity crisis plaguing government banks and the pension fund, as a result of the Ministry of Finance's mounting internal debts to cover the budget deficit for several consecutive years." He added that "this crisis has directly impacted these institutions' ability to meet their obligations," while noting that he "does not have precise figures that can confirm or deny the statements made by several MPs on this matter, due to the Ministry of Finance's directive not to provide government banks with any financial information." In recent years, the Iraqi Ministry of Finance has relied on a policy of domestic borrowing to cover recurring deficits in the public budget, by borrowing from government banks and the employees' pension fund. This approach, although a temporary measure to address operating expenses, has led to the accumulation of massive debts for the Ministry of Finance, directly impacting the liquidity of lending financial institutions. Al-Sudani: Customs Revenues Increase & Inflation Declines In Iraq. Prime Minister Mohammed Shia al-Sudani stated on Wednesday that his government has succeeded in maximizing non-oil resources by increasing customs revenues and decreasing inflation in the country. Al-Sudani said during the forum that today we are entering the second quarter of the twenty-first century and our country is brimming with unique success stories in every corner of it, and in every Iraqi city there is a tireless service and construction workshop, noting that infrastructure has grown in all Iraqi cities. He added that the inherited stalled projects have decreased to less than 850, after previously numbering in the thousands. He explained, "We have embarked on the highest production plan to build power plants and for the first time, we have entered solar, clean, and renewable energy projects, and the rate of gas flaring cessation has exceeded 70 percent." He continued, "It is unacceptable for political competition to devolve into the use of defamatory language and the concealment of the truth about government performance. Iraq needs bold and comprehensive reforms." He explained that the true value of any reform lies in reaching the poor and marginalized groups and saving them from the clutches of poverty. Al-Sudani revealed that customs revenues increased by 128 percent and the annual inflation rate declined, noting that Iraq is proceeding with confidence in agriculture, ensuring food security, and achieving self-sufficiency. Al-Sudani also stressed that Iraq has maintained its firm and principled positions, especially its position on the Palestinian issue, and that Iraq is prepared to be a reliable partner and an effective contributor to regional stability. Al-Sudani announced his intention to run in the elections scheduled for November of this year, stressing that the alliances will be announced in the coming days. He added that the elections represent an opportunity to support a reform project in Iraq. He also touched on the relationship between Baghdad and Erbil, saying that it had moved to a technical and legal dialogue for the first time, and that the oil and gas law had become an urgent necessity. He also stated that the Popular Mobilization Forces were an essential part of the security system. Meanwhile, the Prime Minister announced that Syrian President Ahmed al-Shara will attend the Arab Summit scheduled to be held in the capital, Baghdad, next month. Al-Sudani stated, "Al-Shara is welcome to attend the Arab Summit in Baghdad, and an official invitation has been extended to him in this regard." Prime Minister: Iraq Needs Bold Reforms To Ensure Regional Stability. Prime Minister Mohammed Shia al-Sudani stressed on Wednesday (April 16, 2025) that Iraq needs bold and comprehensive reforms, emphasizing the need for the outcomes of reform to be directed towards the poor and marginalized groups. In his speech during the ninth Sulaymaniyah Forum, held at the American University of Sulaymaniyah, al-Sudani stated that “Iraq is ready to be a reliable partner and an effective contributor to strengthening regional stability,” noting that “the true value of any reform lies in reaching marginalized groups and saving them from poverty.” He added that "the government has embarked on implementing the highest production plan to build new power plants, in addition to entering into solar and renewable energy projects for the first time," warning against the use of political rhetoric to defame and distort facts related to government performance. The forum was widely attended by local and international political, economic, and academic figures, including former President Barham Salih, who emphasized in his opening remarks that "the current situation regarding negotiations between the United States and Iran presents the region with a historic opportunity to achieve stability and a dignified life for its people." He explained that our region has long suffered from wars and violence, and that the time has come to move to a new reality through dialogue and understanding to build a better future. The Sulaymaniyah Forum, held this year in its ninth edition at the American University of Iraq, Sulaymaniyah, is one of the most prominent intellectual and political events, bringing together decision-makers and researchers from inside and outside Iraq to discuss pivotal issues related to politics, economics, and regional and international security.

Here's an article of Dinarian interests... Mnt Goat Extensive Updates. Financial reform - not social reform. Treat as a rumor. Not verified. Your opine. Mnt Goat: Extensive Updates. ARTICLE: I had an interesting conversation with my CBI contact concerning what is now happening in Iraq concerning the financial reforms. She wanted to emphasis that these are financial reforms & not “social” reforms as she is reading in many of the forums from the USA. The Project to Delete the Zeros she said is a financial reform & she wanted this to be very clear. Next, we talked about what would happen in December. In order to relay our conversation to you I am going to use the following article titled “AL-ALAQ: OUR CRITICAL POSITION IS VERY EXCELLENT”. I was told that thanks to the well-studied & wise financial policies of PM Mohammed Shia al-Sudani’s government, the country’s monetary position has become very excellent, as described by the Gov of the CBI, Ali Mohsen Al-Alaq, in a special interview with “Al-Sabah”. Al-Alaq made this announcement “to reassure citizens & confirm that there are no real fears of any economic crises occurring here or there.” Al-Alaq also said in a special interview with “Al-Sabah”: “The monetary position in Iraq is (very excellent) at the present time in terms of controlling inflation & the high adequacy of foreign reserves, which enables the CBI to remain stable, defend the ER & achieve monetary stability. I was also told Al-Alaq announced the CBI’s success in implementing the transition plan for “foreign transfers, in line with international practices & standards & that it is currently taking place smoothly & transparently – especially covering imports at the official ER – which leads to general stability in prices.” That the CBI is not working in a vacuum but rather with the support of specialized international organizations.” She confirmed the target for the Project to Delete the Zeros is still set for late December / early 2025, but the CBI had to monitor the situation from the switch over from the currency auctions to the (Fitr) platform of correspondent banks. I want to review yet another recent article close to this period of news titled “AL-ALAQ: WE ARE CONSTANTLY REVIEWING THE DELETION OF ZEROS FROM THE DINAR & THERE ARE NO RESTRICTIONS ON OUR BALANCES IN AMERICA”. This article is from Economics News on 09/21/2024. I believe this article has a direct relationship with the first article I talked about & my conversation with my CBI contact. The CBI director through this dialogue with the new media is answering a series of questions from the news media. It this actually an educational session to the citizens once again? How many times must the CBI tells us this same news? Again, in this dialogue Al-Alaq says that countries remove zeros from their currency to revalue their national currency & simplify financial transactions. This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary & more stable. Why are the telling the citizens this same news again? Didn’t we also hear this news from many of the economic experts in the recent past. So here it is again. Why does Al-Alaq & other economists, want to keep reminding us this is coming to the Iraqi Dinar currency too? In the article Al-Alaq confirmed, in his extensive interview with Al Jazeera Net, which was reviewed by “Al-Eqtisad News”, I quote from the article “that the Central Bank responded to global economic challenges, such as rising energy and raw material prices, by amending some monetary policies in line with the international situation and to enhance confidence in the Iraqi Dinar & prevent a sharp decline in its value.” Oh… is he talking about Stability? Isn’t this exactly what we’ve been waiting for? Remember there must be a Stable & Secure Iraq in order to conduct this process of deleting the zeros. How many times have they told us this? Do they have it now? Oh…& we know what the final outcome of this project is & it will lead to the reinstatement. We all need to keep the hope alive even if for some reason this effort is delayed again, which it could, as I want to be fair & honest with my readers that anything is possible. No, I am not conceding and telling it is delayed, at least not at this time. It is early December & my CBI contact told me the committee in charge of this rollout of the newer lower denominations is still planned for soon. What else is in the news? Another couple of articles I thought were interesting & are as follows: The first one is titled “IRAQ SIGNS CONTRACT WITH ITALIAN CONSULTING FIRM ON FIRST PHASE OF DEVELOPMENT ROAD”. Oh… this is a good article for us to look at & it helps us piece it all together. So let’s do it. The Ministry of Transport announced on, Wednesday, the signing of a consulting contract with BTP Company, to provide consulting services regarding the first phase of the Development Road Project (regarding the current railways). Oh… we read in a recent past article that this Development Road Project is not all a China project? What happened to all the China money that was to pour into this project? If you remember I presented a recent past article telling us that the deal with China is NOT going to materialize as they thought. The US influence over Iraq is not going to let China receive FREE oil for the next 30 years over the money they lend to Iraq for this project. The US is not going to let China influence Iraq this much & take control over it. Who paid the price of lives for the 2003 invasion to liberate Iraq? Did China participate? The spoils of war. As investors we all also should realize that there is a deal with China & Iraq on providing oil at a fixed price. This deal was brokered by the UST & it included pre-selling some of the U.S. oil credits to China at a fixed price. But these are credits & these credits only materialize when we, as investors then exchange our Iraqi Dinar. Yes, billions in oil credits. Get it? Remember when I described to my readers how this RV would be paid for, I talked about these oil credits. So, are you connecting the dots here? Are you beginning to see the BIG picture yet? Another interesting article is titled “AFTER YEARS OF SUSPENSION… IS THERE NO NEED TO LEGISLATE THE “OIL AND GAS LAW?” In the article the talked about political conflicts that are escalating in Iraq, casting a shadow over the two-decade-old oil & gas law, disrupting efforts to regulate the exploitation of oil wealth and its distribution between the region & the central government. In this context, the member of the Patriotic Union of Kurdistan, Ghiath Al-Surji, explained on Wednesday, the reasons for not legislating the oil & gas law, noting that the need to legislate such a law has disappeared, especially after the issuance of judicial decisions regarding the oil & exports file. Of course the author is wrong in this opinion. Also do not forget about the recent agreements with Turkey, as the oil sold to Turkey was also a huge issue in formulating the law. But these issues should only help settle & not negate the necessity for the Oil & Gas Law. Yes, there is still a need to get the referendum passed in parliament. This is not me saying this, instead it is the Iraqi 2005 Constitution. We have also read countless articles over the years, especially more recent ones. The Oil & Gas Law referendum is REQUIRED by the Iraqi constitution & they cannot just disregard it, if they so desire. The U.S. & the UN is not going to let them. They must pass the law in parliament & settle this decades long issue of having a sound law regarding this major part of the government revenues. Don’t you also think this would be a smart move too since they are still a rentier state? Next I want to review the article titled “MP ACCUSES FORMER IRAQI CENTRAL BANK EMPLOYEE OF BEING BEHIND US SANCTIONS”. Over the weekend on Sunday, the Parliamentary Integrity Committee accused a former employee of the CBI of being behind the banking sanctions imposed on some Iraqi banks by the US Federal Reserve. As we know, the number of banks sanctioned is 32 out of 72 banks operating in Iraq. A member of the Parliamentary Integrity Committee, Vian Dakhil, said in a statement received by (Kalima) & I quote “that a former employee of the CBI hid the emails received from the Federal Bank, JP Morgan & Citibank to inquire about some issues related to the bank’s work”. Sounds to me like yet another conspiracy exposed. Think about it. This issue has caused the price of the Dollar on the black market to rise & fluctuate over & over again from the official CBI rate since the demand for the Dollar out paces the supply. The IMF made it clear that the CBI must be able to control the official rate for a minimum of 90 days to consider it STABLE. Have they done this? Are they able to do this? What is a major factor in not being able to do this? Was it taking the Dollars from these 32 banks & creating a shortage of Dollars? Just look at the delay in the Project to Delete the Zeros also due to this conspiracy? The author adds that failure to respond to these issues of the corruption with the Dollar led to some banks being punished, stressing that most banks do not know the reason for the penalties imposed on them. On the other hand, economic expert Mustafa Akram Hantoush said that the statements of the members of the Parliamentary Integrity Committee are closer to reality than the statements of the CBI. He added that the collapse of the Iraqi banking system & the punishment of 32 Iraqi banks without any clear charges during a period of (a year and a half) is not normal & from the banking work perspective this may be the first incident of this kind in the world. Hantoush pointed out that the worst thing is the lack of serious solutions from the CBI to this situation, but rather the move towards cancelling the (Fitr) platform by the end of 2024 & handing over the Dollar file to banks affiliated with foreign investors & banks (Jordanian and Gulf), according to Shafaq News. Hantoush wondered whether the CBI knows that by not finding solutions for the Iraqi banking sector, it will fire the mercy bullet at the entire Iraqi banking system & it will be punished as a whole, which will lay off nearly (100) thousand workers in the Iraqi private banking sector for the benefit of Jordan & the Gulf States & why are Iraqi banks not guaranteed to open an account for them in the correspondent banks in Dollars (Citibank / JP Morgan) like the countries of the region did. He continued, “Why has the mechanism for cooperation & auditing with Ernst & Young regarding transfers in currencies other than the Dollar not yet been determined and announced?” I assure everyone that I also checked on the information on this article with my CBI contact. Yes, the CBI did know about the conspiracy & wanted to begin the process to transfer the currency auctions to the correspondent banks. In another article from today’s news (see above) we also read & I quote “that Al-Alaq announced the CBI’s success in implementing the transition plan for “foreign transfers, in line with international practices & standards & that it is currently taking place smoothly & transparently – especially covering imports at the official exchange rate”. It is currently taking place smoothly & transparently? Really? Al-Alaq also told us the CBI is using unconventional financial practices to implement these financial reforms. In the past, I already explained why the CBI is going this & we can now clearly see yet more at to why in this article. In short, the CBI must conduct breakthroughs in the financial reforms, even it means many GOI, economists or even parliamentary officials not fully understanding these unconventional moves. The push is on. How many times has the Finance Committee or Parliament interviewed the Al-Alaq over his decisions to manage the monetary policy of Iraq? I believe strongly that Al-Alaq knows that if he is guided by conventional practices alone & doesn’t not take some risks in spite of being criticized by his peers, it will be decades longer in finally realizing the dream of the Iraqi Dinar. Let me give you one example of what I mean by the actions of Al-Alaq in handling foreign transfers. Read the next article. In another article today titled “WARNING AGAINST CANCELING THE ELECTRONIC PLATFORM: IT MAY END THE BANKING SYSTEM IN IRAQ“ we see this example of not understanding the “unconventional” financial reform strategy of Al-Alaq. The researcher & specialist in financial & banking affairs, Mustafa Hantoush, says that the CBI, by not finding real solutions for transfers & moving towards stopping the (fitr) platform & handing over the Iraqi Dinar to (4) correspondent banks owned by investors & banks. He claims, the CBI is failing in one of the most important banking policies, which is the policy of achieving competition in the banking sector & preserving banking sovereignty. Therefore, we demand that the CBI come up with specific solutions, including extending the work of the (Fitr) platform in coordination with the new administration of the United States of America.” He continued by saying, “It is necessary to guarantee the Iraqi banks to open an account for them in the correspondent banks in Dollars (Citibank/JP Morgan) as the countries of the region have done.” He pointed out that “it is also necessary to determine & announce the mechanism for cooperation & auditing with Ernst & Young regarding transfers in currencies other than the Dollar (Eeuro – Yuan – Lira – Ddirham).” What I have to say about this article, with opinions by Hantoush, is that he does not understand the necessity to get the IQD reinstated & do it as soon as possible to allow the movement ahead in the economic reforms part of the reform & reconstruction of Iraq. Al-Alaq remembers the 2012-2013 attempt and so understands the necessity. He is taking flack now from these economic experts in moving ahead with this plan for the end of the year. Could Al-Alaq wait even longer until more agreements are made with many more of the correspondent banks, as Hantoush suggests? Yes, Al-Alaq could but he is moving ahead & he has told the citizens this new FITR platform & I quote “announced the CBI’s success in implementing the transition plan for foreign transfers, in line with international practices & standards” So, what is this dream of Al-Alaq? We read years ago when Al-Alaq has told us he strongly supports the Iraqi Dinar of the past & will bring it back to its “glory days”. This is the ultimate goal of all these financial reforms & “pillars” Iraq keeps talking about. They are all just a means to the end. The end is the reinstatement, a by-product of all this hard work of financial reforms. The VISION Of The CBI & The Coming Era Of Gold: Let us research & then sit back, relax during this holiday season of Christmas that has begun. God through His profits also keeps telling us there is going to be a wealth transfer. Does this mean our RV or is this just the tip of the iceberg of what He has planned for this nation? If you recall Kim Clement also talks about California & gold in many of his prophecies in the same tone. What does God mean by all this talk of gold. Now more recent prophecies talk about a shaking of California in both a literal & metaphorical sense. They say sometime in July. What does God mean by these words? This is going to be an interesting summer of 2025. The VISION of the CBI. Could it be that a huge vain of gold is about to be exposed by an earthquake in California & this gold is the catalyst that brings the U.S. back to the gold standard, along with ways to resolve the national debt issue? I am not telling just asking…. Who knows the answers to these questions. But I will say that if you are patient enough you will hear & then see the outcome of these prophecies. God does not just jabber for nothing & chat with prophets for nothing. Instead, He talks to his prophets & every word is of importance sooner or later. Remember too He told His prophets that “in the coming period the U.S. would see prosperity & abundance like NEVER before the history of the nation”. Oh…. what the heck does this mean? How will He bring all this about? If you are paying attention (and I hope you are) you can see just the very beginning signs, the seeds being talked about of what is to come in this area that God talked about so many times & continues to tell us. I firmly believe it will be the Trump administration & those that follow this administration that will bring in this new era. Just one more note. Didn’t Kim Clement in his “Hypnotic November” prophecy, tell us about a December surprise. What can this surprise be? Is it the dinar RV or something else of great abundance & gifts?

Here's an article of Dinarian interests... Iraq has completed their banking reform. Treat as a rumor. Not verified. Your opine. Ariel: Iraq has Completed Ttheir Banking Reform. ARTICLE: The minister of finance Taif Sami already stated that Iraq has completed 100% of their banking reform right? You do know they can release the new ER at anytime from now correct? You do know that they are prepared to start paying salaries from the new scale right? Get your affairs on order in quick succession. Hot Off The Press...&and cooperation within the Iraqi government are critical factors in creating an environment conducive to economic reform. What it means? The passage of these bills suggests that Iraq’s deeply divided factions are finding ways to cooperate, even on contentious issues. Political stability is a cornerstone for implementing large-scale economic changes, such as revaluing or adjusting the Iraqi Dinar ER. Resolving these issues may encourage foreign investors & international organizations to support Iraq’s economic plans, including monetary reforms. The Iraqi government has long stated that political agreements & economic reforms go hand in hand. By addressing key legislative bottlenecks, the Parliament paves the way for further measures like fiscal adjustments, Budget finalizations & a revaluation of the currency. #BREAKING: Articles of the controversial Shiite Personal Status Law, Kurdish Restitution Bill for land and properties seized by the former regime & the Sunni-backed General Amnesty Bill have been approved by the Iraqi Parliament. The session is currently suspended, with… pic.twitter.com/3tmy5FQ5lq. My legend status is pending. FYI: I know of a few people who have Iraqi Dinar who are going around calling it scam just to discourage others from buying it. When that 3.50/0.285 pops up on the Forex market I will be posting it for everyone who bought their IQD for only 10-100 Dollars who will then be multi millionaires. I will not apologize for those who are waiting for this to validate their opinions about it being a scam. I will laugh, wink & ignore you. LUIGI's Two Cents Worth: Could Dec 10th through the 17th be the date Sudani makes a big announcement to the People? Sudani called for Victory Day to be a week-long celebration. Everything bank wise is done...Iraq is ready We are just waiting for someone to throw the switch. Go RV.

Here's an article of Dinarian interests... Implementing Banking Reform. Treat as a rumor. Not verified. Your opine. Clare: Implementing Banking Reform. Article Quote: “The CBI continues the actual implementation of banking reform plans.“ Quote: “The Supreme Executive Committee for the Strategy began its work and held its first meeting headed by the Governor of the CBI, which is a clear announcement of the beginning of the actual phase of implementing its strategies for banking reform… What we expect from the procedures & policies adopted by the CBI, what has been achieved & what will be achieved later will be reflected in achieving economic stability by overcoming the challenges of stability in the financial & monetary system, which will contribute to the stability of the ER & the recovery of the Iraqi Dinar inevitably“

Here's an article of Dinarian interests... We Have made great strides. Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: Al-Sudani: We Have Made Great Strides In Financial & Banking Reform. ARTICLE: PM Mohammed Shia al-Sudani participated (yesterday evening, Tuesday, Baghdad time) in the official opening of the 79th session of the United Nations General Assembly in New York, which is held under the title (Leaving No One Behind: Working Together for Peace, Sustainable Development & Human Dignity for Present & Future Generations). Before participating in the UN Hall, he received a number of international officials. On Monday night (Baghdad time), Al-Sudani received US Deputy Treasury Secretary Wally Adeyemo & a number of officials from the UST, on the sidelines of his participation in the United Nations General Assembly. A statement by the PM’s media office received by “Al-Sabah” stated that the meeting witnessed discussion of bilateral economic relations between the two countries in various vital sectors, reviewing the government’s efforts & plans for economic & financial reform, the move towards diversifying sources of Iraqi output, enhancing development targets & practical measures implemented in the field of combating money laundering. The PM confirmed, according to the statement, that the government has made great strides in the financial & banking reform file & 95% of bank transfers have been completed through the electronic platform & less than 5% remains to be completed by the end of this year, after which the transition to the correspondent banking system will take place, in accordance with the government’s approach & its commitment to raising the capabilities of Iraqi banks, in line with international standards & meeting the needs of the thriving investment environment in Iraq. For his part, the American official praised the progress witnessed by Iraq in the field of economic & banking reforms that were achieved in record time & the state of economic growth that reached a total of about 6%, which enhances the government’s efforts in development, expressing readiness to cooperate & work within a bilateral partnership that serves the interests of economic development. PM Mohammed Shia al-Sudani also received, on Monday evening (Baghdad time), the US President’s Envoy for Kidnapped Affairs, Ambassador Roger Carcinese. The PM stressed, according to a statement from his office, the importance of working on the file of the kidnapped persons in its humanitarian aspects, indicating that Iraq was & still is making efforts to reveal their fate, in addition to full solidarity with their families. Al-Sudani reiterated Iraq’s cooperation & work with the governments of the countries of the region to exchange the necessary information related to the kidnapped & to intensify the search & investigation for the remaining kidnapped Yazidi women, especially with the Syrian & Turkish sides. The Iraqi security forces have been directed to work on these files as a humanitarian priority. For his part, Ambassador Karsiniz expressed his appreciation for Iraq’s efforts in the field of applying human rights standards, adopting them within the government program, following up on cases of enforced disappearance & cooperating with the countries concerned in this field to uncover the fate of their citizens. Al-Sudani received, at his residence in New York, the Director General of the International Organization for Migration (IOM), Amy Pope. During the meeting, the file of displaced Iraqis & others in refugee camps was discussed, as well as the facilities provided by the Iraqi government for their voluntary return, in addition to projects to provide services & requirements for a decent life in their areas of residence before their return. Al-Sudani, according to a statement from his media office, appreciated the organization’s efforts in Iraq, especially its recent participation in providing support for the construction of the Kojo residential complex in Sinjar, stressing the importance of the organization undertaking special programs to address the impact of climate change on the residents of the southern governorates. For her part, Amy Pope confirmed that Iraq is an important partner & the challenges it has faced have given it experience in dealing with many issues of migration & internal displacement, expressing her aspiration to benefit from this experience that made the organization keen on Iraq joining it, as negotiations are taking place between the two sides regarding the mechanism for joining the organization.

Here's some articles of Dinarian interests... -Iraq invests $2 billion on economic reform. -A list of Dollar prices in 3 governorates, including Baghdad. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: International Finance: Economic Reform In Iraq Is Witnessing An Increasing Pace & We Have Invested About Two Billion Dollars. ARTICLE: The representative of the International Finance Corporation in Iraq, Bilal Zaghir, confirmed today, Tuesday, that the institution’s investment in Iraq has reached nearly two billion Dollars since 2005, while indicating that economic reform is witnessing an increasing pace. Zaghir told the Iraqi News Agency (INA): “The work of the International Finance Corporation dates back to the year 2005 & over the years we have been able to invest approximately two billion Dollars in a wide range of sectors,” noting that “our work in Iraq will extend our belief in the future prospects of Iraq & the acceleration of the pace of reform.” “This will be reflected positively in creating other investment opportunities in all sectors, whether industrial, infrastructure, or in the financial and banking sectors.” He added, “The International Finance Corporation is the arm of the World Bank that is concerned with developing the private sector by providing the necessary financing for private sector projects in addition to providing advisory services. Therefore, the framework of the institution’s work expands to include a wide range of financial services to all companies operating in Iraq, in addition to providing consulting services”. Zaghir continued, “The IFC’s thinking relates to a group of sectors whose importance we believe & whose importance we share with the Iraqi government, whether investing in the Iraqi industrial sectors, where they are productive and an alternative to imports & the 2nd part relates to the financial sector, both its banking and non-banking parts, in addition to the importance of investing in infrastructure & improving the services provided.” For Iraqis throughout the country,” pointing out that “the main point is our work & encouraging the private sector & working with it.” -A list of Dollar prices in 3 governorates, including Baghdad. Mawazine News publishes a list of exchange rates for the Dollar against the Iraqi Dinar in 3 governorates, including the capital city, Baghdad. Baghdad: Selling prices: 147,000 Purchasing prices: 145,500. Erbil: Selling prices: 147,000 Purchasing prices: 146,000. Basra: Selling prices: 146,500 Purchasing prices: 145,500.

Here's some articles of Dinarian interests... Treat as rumors. Not verified. Your opine. From Other Sources: Al-Sudani Told An American Official: The Government Is Proceeding With Economic And Financial Reform. ARTICLE: Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government’s efforts and steps in the field of economic and financial reform, especially in the areas of tax, customs, and the banking sector, and completing the elements of an ideal investment environment Al-Sudani’s media office stated in a statement received by Mawazine News that “Al-Sudani received US Assistant Secretary of State for Energy Resources Affairs Jeffrey Payette, in the presence of the US Ambassador to Iraq,” noting that “the meeting reviewed the most prominent files of cooperation in the field of energy, in all its forms, and ways to develop it.” “In a way that contributes to achieving common interests.” The Prime Minister stressed “the government’s keenness to implement its executive approach within the axis of achieving energy self-sufficiency, in the areas of exploiting locally produced natural and associated gas, generating electricity, providing petroleum derivatives, and producing chemical fertilizers and petrochemical materials,” referring to the memorandums of understanding that were signed during his visit to The United States of America last April, which is being implemented on the ground.” Al-Sudani pointed to “the government’s efforts and steps in the field of economic and financial reform, especially in the areas of tax, customs, and the banking sector, and completing the elements of the ideal investment environment, calling on American companies to work and invest in Iraq.” For his part, Payet praised the efforts of the Iraqi government in developing the energy sector, noting that “the joint statement by Prime Minister Muhammad Shia al-Sudani and US President Joseph Biden represented a road map and a framework for fruitful work and cooperation.” He stressed “the desire of American companies to invest and expand their activities within Iraq”. From Other Sources: Securities: We Are Studying The Possibility Of Licensing Brokerage Companies To Trade In Shares On International Stock Exchanges. ARTICLE: Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the authority is studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges. Al-Haims said in a statement received by Al-Iqtisad News, “The Authority has begun studying the licensing of brokerage companies to trade in shares on global stock exchanges through a technical committee within it.” He added, “The Authority is working seriously to support and develop the stock market by studying the licensing of brokerage companies to enable them to trade in shares on international stock exchanges for the first time in Iraq.” He explained, “This step comes in the context of protecting the rights of citizens to trade through brokerage companies that practice this activity without an official license from the Securities Commission, which seeks to develop the financial markets in the country,” noting that “the Commission is working to provide a stimulating and regulated investment environment.” “It contributes to enhancing confidence among investors and raising Iraq’s position in global financial markets.” From Other Sources: Stability Of Dollar Exchange Rates In Baghdad, Basra & Erbil. ARTICLE: Economical Number of readings: 153 Baghdad / NINA / The exchange rates of the dollar against the dinar witnessed stability this Wednesday morning in Baghdad, Basra and Erbil. Below is a list of dollar selling prices: $100 = 146,000 dinars in Baghdad $100 = 145,750 dinars in Basra $100 = 145,850 dinars in Erbil. From Other Sources: Romanowski Comments On The Visit Of The US Assistant Secretary Of State To Iraq. ARTICLE: Today, Wednesday, the US Ambassador to Iraq, Alina Romanowski, welcomed the Assistant Secretary of State for the Office of Energy Resources, Jeffrey Pyatt, to Iraq. Romanowski said in a tweet, “The important visit began to follow up on the successful visit of the Sudanese Prime Minister to Washington last month, and to strengthen our bilateral cooperation in the field of energy.” She concluded, “Together we can help Iraqis prosper by providing electricity 24 hours a day, 7 days a week.” From Other Sources: Central Bank Sales Of Foreign Currency Exceed $277 Million. ARTICLE: Economical Number of readings: 96 Baghdad / NINA / The Central Bank of Iraq announced, today, Wednesday, its total sales of foreign currency through the electronic window. The window recorded the total amounts of transfers abroad (remittances, credits) at $255,583,581, while the total amount of cash sales amounted to $21,990,000, and the total amount of sales amounted to $277,573,581. The cash sale price was set at 1,305 dinars per dollar, while the bond credits, international electronic card settlements, and foreign transfers were set at 1,310 dinars per dollar. From Other Sources: The National Bank Of Iraq Receives A Strong Credit Rating From Capital Intelligence. ARTICLE: The global credit rating agency, Capital Intelligence, has affirmed its credit rating for the National Bank of Iraq for long-term and short-term foreign currencies (FCRs), maintaining the bank’s basic financial strength rating at (bb) with a stable outlook. The bank said in a statement received by Al-Iqtisad News, “This positive rating reflects the strength and solidity of the financial position of the National Bank of Iraq, and enhances the culture of trust among current and new customers and investors. The rating also contributes to supporting the bank’s efforts to achieve its development goals in serving the Iraqi national economy.” According to the statement, the Capital Intelligence Agency based its granting of this rating to the National Bank of Iraq on several factors, the most important of which are: good banking management, a high ratio of capital to assets, including the core capital ratio (CET1), effective flexibility in capital management, and good liquidity supported. With a growing deposit customer base, especially from retail banking, along with good operating profitability driven by improved revenue quality and stability, in addition to high quality of loan assets. From Other Sources: Oil Rises Due To Forest Fires In Canada. ARTICLE: Oil prices rose in early trading on Wednesday, with major forest fires threatening the oil sands region in Canada and the market expecting a decline in US crude oil and gasoline stocks later today. Brent crude futures rose 34 cents, or 0.4%, to $82.71 per barrel. US West Texas Intermediate crude futures rose 38 cents, or 0.5%, to $78.39 a barrel by 00:16 GMT. A huge wildfire was approaching Fort McMurray, the center of Canada’s oil sands industry, with production of about 3.3 million barrels per day, or two-thirds of the country’s total production, and thousands in the suburbs were asked to evacuate.

Here's an article of Dinarian interests... Is the UST blocking Iraq's economic reform process? Could it be...the 'powers That Be' don't want us to prosper? Will Iraq turn to the China Yuan? Treat as a rumor. Not verified. Your opine. FROM OTHER SOURCES: "A Call For An Emergency Plan”… ARTICLE: The Dollar In Iraq Is Entering A Dangerous Turning Point & An Unprecedented American Decision. Professor of International Economics, Nawar Al-Saadi, said on Thursday (October 5, 2023), that the US Federal Bank refused to provide the CBI with one billion Dollars in cash, “a dangerous precedent that must be taken seriously by the Iraqi government.” Al-Saadi said in a post on his Facebook page, “Enough of the drumming by the economists who drum on the channels day & night & claim that the Dinar is strong & that there are strict measures.” He added, “Now the trust between the CBI and the (American) Federal Reserve has deteriorated. The Americans cannot tolerate procrastination & prevarication any longer.” Al-Saadi stressed, “An emergency plan & comprehensive reforms must now be announced in cooperation with the Ministry of Interior to control speculators in the market, control borders & prevent currency smuggling, otherwise undesirable consequences will happen.” He stated: “A call for an emergency plan”… The Dollar in Iraq is entering a dangerous turning point.

Here's an article from Dinarland... WB holds meetings to discuss ER in Iraq. Treat as a rumor. Not verified. Your opine. Clare: ARTICLE: Planning & the World Bank are discussing three important files, including financial reform. Deputy Prime Minister – Minister of Planning, Muhammad Ali Tamim, discussed today, Sunday, with the World Bank Vice President for the Middle East & North Africa, Farid Belhaj, 3 important files, including financial reform. A statement from his office, which the news received a copy of, stated that: “During the meeting, which was attended by John Kristoff, the Regional Director for the Levant Countries, Paul Numba, Richard Abdel Nour, the Special Representative of the World Bank Mission in Iraq & the Director General of International Cooperation in the Ministry, Saher Abdel Kazim & a number of officials took place. Exchanging views on a number of issues related to the role of the World Bank in supporting development efforts in Iraq. He added, “especially with regard to the work of the Recovery Fund, the Social Fund for Development & carrying out financial reform.” Frank26: ARTICLE: “With the participation of Iraq, the Chinese president will visit Saudi Arabia on Thursday to attend a joint summit” IRAN NEEDS IRAQ’S CURRENCY & CHINA NEEDS IRAQ’S OIL BOTH ARE GREAT FOR THE IQD EXCHANGE RATE.

10 July 2017 RayRat... Abadi in Mosul, press conference with his speech & what all to lead up to. News article claimed Mosul liberated. It's communicated to me the speach we wanted to hear. Now that security is in place they will esculate the reforms. The reconciliation, the reforms, etc., take place by the end of the week.

Luigi says... The Goat believes monetary reform may be delayed or stalled. Your reaction. Your opine. Not varified. Mnt Goat Mon. Update - "Currency Reform is Stalled – Why?" Part 1 of 21/4/2016 (Thank you George for emailing this to ******************) UU6852 – “ Currency Reform is Stalled – Why? ” by Mnt Goat Hello Everyone, I first want to wish all my readers a very Happy New Year ! Sorry but today’s news letter is very long once again. The news channels are just chock full of GOLDEN NUGGETS again and I want to bring it all to you today. The news is all VERY good. I sincerely hope you can now see the BIG picture in what is holding up any significance increase in the value of the Iraq dinar. This holdup however is only temporary and we will see progress beginning very soon. Today I talk about all the necessary laws needed to finish the critical parts of the Abadi reforms and complete their government. By the end of this news letter you should be very aware of these laws and be able to tell everyone why they are stalled and when Iraq is now projecting to complete them. read more at ***********.