TRENDING: Iraq Is Replacing USD For Gold.

[Luigi1]

Here's some articles of Dinarian interests...

Direct From The Sandbox Report.

Iraq Replaces The Dollar With Gold.

Treat as rumors.  Not verified.  Your opine.  

 

 

FROM IRAQI SOURCES:   Iraq Replaces The Dollar With Gold - A Yellow Shield Against Economic Storms. 

ARTICLE:  Economic expert Nasser Al-Kanani revealed on Monday (July 28, 2025) that  Iraq's position as the Arab country with the largest gold purchases represents  a strategic shift in  the CBI's approach to enhancing the country's financial stability. Al-Kanani told Baghdad Today.

 

"Iraq's purchase of more than 20 tons of gold in a single year, and its rise to seventh place globally in this field, reflects  a calculated move by the Central Bank  to protect the national economy from fluctuations in foreign currency prices,  especially the dollar."

He pointed out that "gold is considered one of the safest reserve instruments, as it is not affected by fluctuations in the monetary market,  unlike paper currencies.
 
This gives Iraq a strategic advantage in confronting sudden crises and  enhances confidence in its financial policies, both domestically and internationally." Al-Kanani explained that
 
"this trend will positively impact the value of the Iraqi dinar in the medium term.
 
It will also contribute to the stability of the local market and  reduce reliance on the dollar, giving the Central Bank greater flexibility in  managing monetary policy and achieving economic stability in light of current regional and global challenges."

 

Trade: Expanding The Horizons Of Economic & Trade Cooperation Between Iraq & The US.
Minister of Trade Athir Dawood Al-Ghariri discussed, on Sunday, with the US Chargé d'Affaires in Baghdad, Ambassador Stephen Fagin, ways to expand the horizons of economic & trade cooperation  between Iraq & the US.
 
The Minister affirmed the Iraqi government's commitment to strengthening int'l economic partnerships, noting that the US is a strategic partner in Iraq's ongoing efforts to develop the business environment & stimulate foreign investment.
 
Al-Ghariri highlighted the efforts made by the Ministry,  in cooperation with relevant authorities, to hold the 3rd round of negotiations for Iraq's accession to the WTO,  after a hiatus of more than 16 years.
 
He noted the  submission of goods and services files, a review of key economic & legislative reforms, including the  adoption of the Intellectual Property Law & the  launch of the "Electronic Trader" platform as a step towards digital transformation.
 
Al-Ghariri explained that the  Ministry of Commerce is working to simplify the entry and operation procedures for American companies in Iraq,  pointing to the achievement of self-sufficiency in wheat production over the past two years & the continuation of work on memoranda of understanding with the American side to meet the country's needs in a number of vital sectors.

 

The Minister  called on American companies to organize a "Made in America" exhibition in  Iraq and  proposed holding a joint forum between the Iraqi & American private sectors  to showcase investment opportunities & available projects.
 
He emphasized the importance of American companies' participation in the Baghdad Int'l Fair.
 
For his part, Ambassador Fagin expressed his country's desire to expand bilateral cooperation, praising the  ongoing economic reforms in Iraq &

the Ministry of Commerce's role in supporting the work of American companies & providing an environment conducive to investment.
 
At the end of the meeting, the two sides agreed to enhance bilateral coordination & joint work  to expand the base of trade exchange, in a way that contributes to serving the common interests between the two friendly countries.

[Luigi1]

Here's F26 two cents worth...perfect conditions for the new ER...

 

 

Frank26 via Iraq-Boots-On-The-Ground Report via FIREFLY:   Perfect Conditions For The New ER.
ARTICLE:  Sammy was just here talking about how back when Shabibi was gov of the CBI.

He said when the inflation was around 2% & the note count was down & when the parallel market is close to 2% that was the excellent time for the rate change to happen.  

FRANK:  I remember that well. 

FIREFLY:  Inflation is at 1.5%.

That’s under 2% & we have a ton of folks now on the cards & the electronic system. 

We  have less notes out there. 

And the parallel market is around 4% to 5%.

Maybe within 3 weeks that gap will be at 2%. 

FRANK:  I believe we are either at 2% or very close to it.

Everything is in perfect condition for the new ER. 

[screwball]

a return to gold and silver to value their currency against also oil etc, this makes sense!

[Luigi1]

7 hours ago, screwball said:

a return to gold and silver to value their currency against also oil etc, this makes sense!

 

Any asset outside of Fiat...including land, commodities & bit coins.

I like the poor man's gold...silver is king in my house.