MIKE BARA: WEEKEND UPDATE, 17 FEB

 Sunday Morning Update

MarkZ is reporting that at least one of his Bond contacts has funding and is spending money. I can 100% confirm this.

The person I call "The Bondholder," who was seeing his funds in his bank account with a "pending" hold since October, is reportedly paid and spending money. 

I have not received independent confirmation of this, although I suspect it to be true.

Unconfirmed rumor is that Iraqi citizens were told of the new rate on Friday night in the mosques.

 If this is true, we could see a new rate tonight on the FOREX and receive notifications as early as tomorrow morning. If not, it is probable that we will begin exchanges sometime before the SOTU address on 3/4.

Rumor is Trump will soon announce the revaluation of America's gold reserves to market prices. This would likely escalate a collapse of stock and bond prices and force a shift to a gold-backed currency.

 It would also collapse most major and minor banks. The banks supposedly already have the new treasury notes in their vaults. This is also the reason DOGE is now looking to audit America's gold reserves.

Revaluing our gold would lower the national debt to under $500 billion, which could be paid off in about 3 months. I will be talking with Andy Schectman about this on Tuesday.

That's your weekend update.

Bara

FIREFLY: We are linked to the world! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

Al-Sudani returns to Baghdad after participating in the Munich Security Conference, 17 FEB

 Al-Sudani returns to Baghdad after participating in the Munich Security Conference

 Prime Minister Mohammed Shia Al-Sudani returned on Saturday evening to the capital Baghdad after participating in the 61st session of the Munich Security Conference.

The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram. To subscribe, click here

A statement from his office that received a copy of {Euphrates News} said: “The visit included the following:

– Reception of the Chairman of the Yemeni Presidential Leadership Council, Rashad Al-Ulaimi.

– Reception of the commander of the NATO Joint Operations Command, Admiral Stuart Munch.

– Received by British National Security Advisor Jonathan P.

– Reception of the Executive Director of the United Nations Office on Drugs and Crime (UNDOC).

– Reception of UNRWA Commissioner-General Philippe Lazzarini.

– Reception of the EU Commissioner for the Mediterranean, Dubravka Schwice.

– Reception of the CEO of the International Crisis Group (ICG) Comfort Aero.

– Reception of the Prosecutor of the International Criminal Court, Karim Khan.

– Receive U.S. Senator from the Democratic Party Senator Elisa Slotkin.

– Receiving the delegation of Klas Company specialized in agricultural equipment.

– Reception of the CEO of the German company (Veridos) Mark Severt.

– Received by the president of the Spanish group (Indra) Angel Escribano.

– Reception of Airbus Executive Vice President Stefan Tommy.

– Reception of the CEO of (planet) Will Marshall.
 

https://alforatnews.iq/news/السوداني-يعود-إلى-بغداد-بعد-مشاركته-في-مؤتمر-ميونخ-للأمن

TIDBIT FROM FNU LNU, 17 FEB

Fnu Lnu 

 I can hardly believe all the things Iraq is doing simultaneously.

 It boggles the mind. Iraq has launched a 15,000 acre housing project - They approved Phosphate and Sponge Iron projects - Standard Chartered is putting $95m up for Iraq Power Plant Financing - 

Iraq is expanding the Maysan Refinery to include a new 70,000 bpd facility - Iraq launched its third phase of "Baghdad Pulse" initiative which is rehabilitating Al Rasheed Street which was reduced to a pile of rubble on top of a pile of rubble - BP is putting 25B on the table and betting big on Iraq again

 - It just goes on and on with all manner of progress like new economic agreements with Kuwait and 3 new oil wells in Zubir and it would take a page to list all the alliances and agreements and projects.

 This hardly sounds like a country operating on 1320 IQD to the 1 USD to me. Something has got to give. Singapore has no news on the completion of the cross-border payment training. I think when they are through, we will see movement.

FRANK26….2-15-25……BE CAREFUL WHO YOU STUDY WITH

US sanctions Iraqi Banks, plans to ban foreign electronic payments, 17 FEB

 US sanctions Iraqi Banks, plans to ban foreign electronic payments

Shafaq News/ The United States imposed sanctions on several Iraqi banks and plans to prohibit the use of electronic payment cards abroad, an Iraqi government source revealed on Sunday.

The source, who requested anonymity, told Shafaq News that Iraqi authorities received an official notice from the US Treasury Department detailing the sanctions, which target banks and exchange companies accused of facilitating illegal transfers and funneling US dollars to sanctioned entities, particularly in Iran.

“As a first phase, sanctions have been placed on five Iraqi banks, with more under review,” he noted. “The US also informed Iraq of a decision to ban the use of all electronic payment cards outside the country within two months after uncovering suspicious transactions.”

The move follows investigations by a US monitoring team tracking financial activity in Iraq. The source remarked that “additional sanctions could follow as other banks and firms remain under scrutiny.”

The latest action extends a series of US restrictions on Iraqi financial institutions. In July 2023, the Treasury barred 14 banks from accessing dollars, including Al Mustashar Islamic Bank, Al Qurtas Islamic Bank, Erbil Bank, and International Islamic Bank. Four more were added in November, while others were removed from Iraq’s daily currency auctions over similar concerns.

JON DOWLING UPDATE, 17 FEB

 Jon Dowling

 So many events coming to a head as we speak! President Trump to meet with Putin and XI, looking like sometime next week. Iran is being put in the penalty box big time! Reciprocal tariffs are leveling the playing field for all countries in preparation for the reset.

 Iraq's President Abdul Latif setting up the lawsuit against PM Sudani for the 18th, the same time around when the aforementioned meetings are to occur. 

The Treasury is tamping down on the banks hard, not allowing them to get away with their money laundering and games they're accustomed to playing up to this point. Which is why you're starting to see all the layoffs.

 And Iraq looks to finally be serious about getting the three approved laws into the Gazette at long last and moving things forward. Judy Shelton and Ron Paul are definitely working together to bring back the Gold standard and in the process remove the IRS completely.

MZ: They told us in 2023 that when the Arab summit returned –the dinar would have a new value! #iqd

 

Iraqi PM discusses Digital Cooperation with Veridos, 16 FEB

 Iraqi PM discusses Digital Cooperation with Veridos

Iraqi Prime Minister Mohammed S. Al-Sudani met on Friday with Marc Siewert, CEO of Berlin-based Veridos, on the sidelines of the 61st Munich Security Conference (MSC).

Discussions focused on strengthening cooperation with Veridos, a global leader in secure passport and national ID card production, particularly through its manufacturing facility in Baghdad, which plays a key role in Iraq-Germany economic relations.

Al-Sudani welcomed Veridos' ongoing projects and was briefed on its latest programs, especially in digital transformation and modernizing government services.

MAJEED UPDATE, 16 FEB

 MAJEED

It is mentioned in the central Bank of Iraq website “ and upgrade the public and private banking sector in line with international standards and to facilitate the involvement of Iraqi banks in the network of financial relations internationally.”

3:30 PM · Feb 16, 2025

FIREFLY: We can cover 100% on almost any rate that we want to come out with.!! @DINARREVALUATION

 

Central Bank announces details of its meetings with the Treasury and the Federal Reserve, 16 FEB

 Central Bank announces details of its meetings with the Treasury and the Federal Reserve

The Central Bank announced the end of the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve, which were held in Dubai / United Arab Emirates with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman). The meetings culminated in praise for the steps taken by the Central Bank of Iraq and the Iraqi government in reforming the banking sector, the most important of which were:

The development of the US dollar cash distribution system in Iraq, which they considered the most controlled and monitored system in the world, which limits manipulation and smuggling of the US dollar.

The qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks arising from these operations, which have now risen to the levels of transfer operations carried out by international banks.

The consulting firms (EY and Oliver Wyman) reviewed the plans to reform and upgrade the public and private banking sectors in line with international standards and to facilitate the involvement of Iraqi banks in the international financial relations network.

Since the operations carried out by banks operating in Iraq depend largely on the trust of international correspondent banks in the Iraqi banking sector, we emphasize the need to ensure that the official channels of this bank are adopted to know the latest news and not to transmit incorrect news such as some Iraqi banks being subject to international sanctions and others.

Central Bank of Iraq
Media Office
February 16, 2025  link

TIDBIT FROM FRANK26, 16 FEB

 Frank26    

Don't pay attention to the rumors.  Where is the logic in the rumor...? 

 If it turns out that President Trump and Vance have asked Sudani to hand in his resignation as Prime Minister then I might just walk away.  I'll just walk away.

  The relationship between the two of them is the reason why we're going to the new exchange rate soon IMO.

MZ: things are flowing!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Al-Sudani discusses with Airbus aircraft company modernizing the air fleet, 16 FEB

 Al-Sudani discusses with Airbus aircraft company modernizing the air fleet

Prime Minister Mohammed Shia Al-Sudani confirmed to Airbus today, Saturday, the acceleration of the implementation of the contract to equip Iraq with combat helicopters .

Al-Sudani's media office stated in a statement received by "Mil" that "the latter received, at his residence in Munich, the Executive Vice President of Airbus Helicopters, Stefan Thomme, and during the meeting, discussions were held on developing joint cooperation in the fields of training, maintenance and modernization of the air fleet, in light of the bilateral contract to equip Iraq with combat helicopters, with an emphasis on accelerating the procedures for implementing the terms of the contract ." 

According to the statement, Al-Sudani stressed "the government's keenness and efforts to cooperate and partner with reputable international companies, and to provide all the necessary facilities to provide the appropriate ground for their work in Iraq ."  link

TIDBIT FROM MARKZ, 16 FEB

 MarkZ  

 [via PDK] 

 Question:  Mark, do you think it’s possible the dinar will be on forex Monday Feb 17th-Presidents day? 

MarkZ:  I think it’s highly possible. I have multiple confirmations of bond commissions being paid in the last 24 hours on historic bonds…  I am very excited but do not know what it means for our timing…yet. But this is money going to people I

know. People I know have money… I am very excited... a number of contacts now have spendable dollars...

this has never happened before. This is brand new and gives me great hope. Question:   so once bonds are paid it’s our turn?  MarkZ:  Yes then it’s our turn.

MNT GOAT : We have a VER Y good chance of moving to the Project to Delete the Zeros" #iqd

 

Al-Sudani discusses with an American senator enhancing cooperation between Iraq and the United States, 16 FEB

  Al-Sudani discusses with an American senator enhancing cooperation between Iraq and the United States

Prime Minister Mohammed Shia Al-Sudani discussed, today, Saturday, with an American senator enhancing cooperation between Iraq and the United States .

A statement from Al-Sudani's office, received by "Mil", stated that the latter "received at his residence in Munich, the US Senator from the Democratic Party, Senator Elissa Slotkin."

The statement added, "The meeting discussed relations and ways to enhance cooperation between Iraq and the United States, in various fields in light of the joint agreements and understandings, for a long-term strategic relationship that serves the interests of both parties ."

For her part, Senator Slotkin affirmed "her country's support for Iraq, its aspirations, and its positions aimed at achieving security and stability in the region, in a way that secures the interests of the countries of the region and enhances sustainable stability ." link

FIREFLY: it will come out $3.50 to $3.80 and probably be a managed float!!, 16 FEB

  Frank26  

[Iraq boots-on-the-ground report]

 FIREFLY: Mr Sammy says, for what it is worth, now at this point, it will come out $3.50 to $3.80 and probably be a managed float. Meaning  10% growth daily.  

Thinking out loud...it won't go much over four bucks... before settling back just ahead of Kuwait dinar...I could  be 100% wrong but I have a gut feeling.  

FRANK:  I think the reason why you have a gut feeling is because you have been allowed to attend some of the meetings that you cannot talk about...

Concerning the new exchange rate...it can be anything from $0.50 to a  $1.00 or just over a dollar.  But I will admit, your...opinion that it may come out at three and above is logical because this is a  reinstatement...and it should start where it left off at $3.22.

MNT GOAT: The next stage is full sovereignty promised to the Iraqi people!! ‪@DINARREVALUATION‬

 

Framework MP calls on Parliament to pass important laws before the end of its constitutional term, 16 FEB

 Framework MP calls on Parliament to pass important laws before the end of its constitutional term

Representative of the Coordination Framework, Salem Al Anbaki, called on the House of Representatives to continue performing its duties by discussing and approving important laws that affect the lives of citizens and serve the country.

Al-Anbaky confirmed to {Euphrates News} that "approving these laws before the end of the parliament's constitutional term represents a real duty that must be focused on."

Regarding the mechanism for dealing with laws, Al-Anbaky pointed out that "there is an approach followed by the parliament's presidency in managing the legislative file," noting "the lack of clarity about the method followed to determine priorities, whether by temporal precedence, based on importance, or according to what is presented by parliamentary committees."

Al-Anbaky called for "the necessity of adopting a transparent mechanism for legislating laws in a way that ensures the priority of legislation that touches on citizens' needs and aspirations."  link

TIDBIT FROM MILITIAMAN, 16 FEB

  Militia Man 

 We all know there's a component of that tripartite budget that hasn't been exposed which is I believe the exchange rate of their new real effective exchange rate...

 Kurdistan region...hasn't been up front with all their non-oil revenues. 

 You got to pay attention because the non-oil revenue streams are going to be more than their oil.. .or at least similar...

Iraq has done all the things that they need to have compliance with all the obligations for Article VIII and Article IV with the IMF.  If you guys look that up and Google those...you're going to find out they're about currency, they're about trade...

IRAQI BANK FRIEND AKI: WE ARE JUST WAITING THE NEW EXCHANGE RATE THAT WILL COME WITH 2025 BUDGET

 

Iraq moves towards globalization.. Implementation of international accounting standards begins in 2026, 16 FEB

  Iraq moves towards globalization.. Implementation of international accounting standards begins in 2026

The former director of the Financial Supervision Bureau, Salah Nouri, revealed the steps taken by Iraq to move to fully implement international accounting standards by 2026.

Nouri said in a statement to {Euphrates News} that: "The unified accounting system, which was adopted in the mid-eighties, was appropriate for the economic situation at the time; but it led to Iraq's delay in keeping pace with international standards."

He added, "The Accounting and Auditing Standards Board adopted 14 accounting rules according to international standards until 2016; but that was not enough to keep pace with global developments. In 2017, the board made a bold decision to adopt all international accounting standards, with the aim of enhancing financial transparency and attracting foreign investments, especially in the oil and banking sectors."
Nouri pointed out that "the committee tasked with preparing the new unified accounting system completed its work in 2019, and the implementation of international standards was announced in 2021, but the Corona pandemic postponed this implementation."

He stressed that "the year 2026 will witness the final implementation of these standards, which will make the Iraqi accounting environment consistent with the requirements of global financial markets."
“This step will encourage foreign companies to invest in Iraq and will provide transparent financial data that will help in making sound investment decisions,” Nouri concluded.

International accounting standards are a common language for companies around the world, making it easier for investors to understand companies’ financial statements and make informed investment decisions.

This step comes as part of Iraq’s efforts to enhance financial transparency and attract foreign investment, especially in light of the economic challenges facing the country. link

REDEMPTION NEWS : Now is the time: prepare for the global reset, 16 FEB

 REDEMPTION NEWS

Now is the time: prepare for the global reset

As we approach the precipice of a new era, the time to act is now. GCR/RV is no longer a distant theory; It is happening before our eyes. Momentum is building, notifications are being sent, and the financial landscape is changing.

For those who quickly accept this new reality, the rewards can be immense. The appreciation of currencies such as the Zimbabwe dollar, Iraqi dinar and Vietnamese dong offers unprecedented opportunities for wealth creation.

The rise of the QFS promises a fairer and more transparent financial system, and the implementation of NESARA GESARA could usher in an era of global philanthropy and humanitarianism.

But this is not a day for the faint of heart. It requires vision, preparation and a willingness to break the boundaries of conventional thinking. The information war has begun, and only those who are informed and proactive will prosper in the coming Golden Age.

So the question remains: Will you accept the challenge or back down?

The choice is yours.

TRANSLATE IN SPANISH

REDEMPTION NEWS

Ahora es el momento: prepárate para el reinicio global

A medida que nos acercamos al precipicio de una nueva era, el momento de actuar es ahora. GCR/RV ya no es una teoría lejana; Está sucediendo ante nuestros ojos. Se está generando impulso, se están enviando notificaciones y el panorama financiero está cambiando.

Para aquellos que acepten rápidamente esta nueva realidad, las recompensas pueden ser inmensas. La apreciación de monedas como el dólar zimbabuense, el dinar iraquí y el dong vietnamita ofrece oportunidades sin precedentes para la creación de riqueza.

El surgimiento del QFS promete un sistema financiero más justo y transparente, y la implementación de NESARA GESARA podría marcar el comienzo de una era de filantropía y humanitarismo global.

Pero este no es un día para los débiles de corazón. Se requiere visión, preparación y voluntad de romper los límites del pensamiento convencional. La guerra de la información ha comenzado, y sólo aquellos que estén informados y sean proactivos prosperarán en la próxima Edad de Oro.

Así que la pregunta sigue siendo: ¿Aceptarás el desafío o darás marcha atrás?

La elección es tuya.

MARKZ: GUESTIMATE OF RATES THAT ARE SHOWING ON SCREENS RIGHT NOW!! ‪@DINARREVALUATION‬

 

The Central Bank of Iraq is among the top 10 banks buying gold in the world, 16 FEB

 The Central Bank of Iraq is among the top 10 banks buying gold in the world

The Central Bank of Iraq ranked seventh on the list of central banks that bought the most gold in 2024, according to data from the World Gold Council.

The volume of gold purchases by the Central Bank of Iraq in 2024 amounted to about 20 tons, surpassing Hungary, Uzbekistan and Ghana, while the first six countries on the list are Poland, Turkey, India, Azerbaijan, China and the Czech Republic.

Here is a list of the top 10 central banks buying gold in 2024 :

Poland: 89.5 tons

Türkiye: 74.8 tons

India: 72.6 tons

Azerbaijan: 44.8 tons

China: 44.2 tons

Czech Republic: 20.5 tons

Iraq: 20.1 tons

Hungary: 15.5 tons

Uzbekistan: 11 tons

 Ghana: 11 tons  link