Friday, March 14, 2025
IRAQ NEWS : The US will not accept Iraqi armed groups outside state control, 15 MARCH
IRAQ NEWS
The US will not accept Iraqi armed groups outside state control, and Iraq must take steps to bring them under control, Lahur Sheikh Jangi, leader of the People’s Front party (Barai Gal), told Iraqi Dijlah TV.
He also revealed that the Americans have informed him that sanctions will target Iraqi banks and individuals.
Jangi also addressed potential changes in Iraq ahead of the country’s parliamentary elections this year.
DINAR EXCHANGE : 🗳️🇮🇶 Iraq 2025 Elections: A Turning Point? 🇮🇶🗳️, 15 MARCH
DINAR EXCHANGE
Iraq 2025 Elections: A Turning Point?
As Iraq heads to the polls, signs of revaluation are everywhere:
Muqtada al-Sadr calls for voter awareness to root out corruption.
Intense debates on electoral reforms and seat expansions—change is brewing!
IHEC ensures biometric integrity for transparent elections.
PM al-Sudani’s rising influence may reshape the Shiite political landscape.
Iran seeks to mediate and maintain stability amidst Iraq’s political shifts.
Former PM al-Kadhimi’s return—could he play a key role in Iraq’s future revival?
IRAQ NEWS: Al-Sudani has announced the “elimination” of ISIS Deputy Caliph and the so-called Wali of Iraq and Syria, Abdallah Makki Muslih al-Rufayy’l (Abu Khadija), , 15 MARCH
IRAQ NEWS
#LATEST: Iraqi Prime Minister Mohammed Shia al-Sudani has announced the “elimination” of ISIS Deputy Caliph and the so-called Wali of Iraq and Syria, Abdallah Makki Muslih al-Rufayy’l (Abu Khadija),
“one of the most dangerous terrorists in Iraq and the world,” in an operation conducted by Iraqi security forces with the support of international coalition forces. In a post on X, PM al-Sudani congratulates Iraq and all peace-loving nations, calling it a “significant” security achievement.
: PM office
: PM office
TIDBIT FROM SANDY INGRAM, 15 MARCH
Sandy Ingram
The Iraqi parliament remained at a standstill locked in a political deadlock that showed no signs of easing.
Lawmakers continued their boycott refusing to attend sessions as long as the popular mobilization forces services and retirement law remained off the agenda. Behind the scenes the Coordination Framework...had been leading the boycott...
This has been going on since the start of 2025. Without enough members present to reach a quorum the country's legislative process has
stopped. The mounting frustrations is enabling a new debate, should Iraq hold early elections? Should parliament be dissolved?THROUGH THE ECONOMIC PAPER, THE COORDINATION FRAMEWORK CALLS FOR AN END TO AMERICAN BLACKMAIL OF THE IRAQI GOVERNMENT, 14 MARCH
THROUGH THE ECONOMIC PAPER, THE COORDINATION FRAMEWORK CALLS FOR AN END TO AMERICAN BLACKMAIL OF THE IRAQI GOVERNMENT
On Wednesday, Issam Shaker, a leader in the Coordination Framework, called for an end to Washington’s repeated blackmailing of the central government through the use of economic pressure.
Shaker told Al-Maalouma, “US policy relies on repeated blackmail of the central government through economic pressures aimed at obstructing the passage of laws or policies that directly serve the people’s interests.” He noted that “Washington’s attempt to pressure Baghdad to halt gas imports or limit its engagement with Arab and Islamic issues to serve the occupying entity’s agenda is completely unacceptable.”
He added, “This situation calls for a review of agreements with the United States, and efforts to achieve economic and financial independence that reduces the US Treasury’s exploitation of the dollar issue and prevents Baghdad from compromising its national positions.”
Shaker pointed out that “America has no right to impose restrictions on Baghdad regarding the countries from which it imports gas to operate its power plants,” emphasizing that “Iraq has an independent government that determines its priorities and national interests. Therefore, American pressures that serve private agendas without regard for the grave harm they inflict on the Iraqi people cannot be accepted.” Shaker asked, “How can we replace gas imported from Iran by other countries, given that Iraq is approaching the peak summer of 2025, when demand for electricity is increasing?”
It’s worth noting that “Washington is imposing economic pressure on Baghdad to halt gas imports from Iran, despite knowing that such a decision would severely impact power plant production by the summer of 2025.”
BRUCE HIGHLIGHTS, 14 MARCH
Thurs. 13 March 2025 Bruce
- British Admiralty Law and US Inc. were gone in the US, while Common Law is coming in over the weekend – that is part of Nesara.
- The USTN replacing the fiat dollar is in the banks and Redemption Centers. We can get it when we go in for exchanges.
- Gold backed Crypto Reserve is backing up our new US Note.
- Under Nesara income tax goes away and will be replaced by a 15% consumption tax.
- DOGE checks went out on Sun. night and Mon. morning. Some have received checks for $7,000 to $8,000. It is not known if they were DOGE checks or retirement checks. SS increases have not yet happened, but should by the end of the month.
- R&R will be in your account during your exchange.
- Redemption Centers have higher rates on the Dinar and is the only place you can redeem Zim. There are benefits you get at the Redemption Center that you can’t get at a bank.
- You get a Quantum Account at a Redemption Center.
- To activate your Quantum Account you need to have a new email, new code, new user name, biometric fingerprint or thumbprint, new password, 5 digit pin code.
- Money for the Admirals Groups will be put into a Quantum Account and people will go to a Redemption Center to activate their own Quantum Account.
- Bond Holders get notified that they have funds in their account and when they have access to that money. As of yesterday at 4 pm Bond Holders were flying into Reno and Miami to get their accounts. They were funding Bond Holders Tues. through Saturday of this week.
- Tier4b (us, the Internet Group) should get notified Friday 14 March or Saturday 15 March after the banks or markets close.
- Redemption Centers will be doing exchanges beginning Sat. 15 March.
- Redemption Centers will be exchanging for 14 days (some areas longer depending on the population).
THE BLACK FILE”… REVENUES PARALLEL TO OIL LOST OUTSIDE THE STATE TREASURY: 3 PROPOSED SOLUTIONS (DETAILS), 14 MARCH
THE BLACK FILE”… REVENUES PARALLEL TO OIL LOST OUTSIDE THE STATE TREASURY: 3 PROPOSED SOLUTIONS (DETAILS)
Today, Wednesday (March 12, 2025), the representative of the Patriotic Union of Kurdistan, Bryar Rashid, raised decisive questions about what he described as the “black file” in Iraq, noting that non-oil revenues, which are equivalent in size to oil sales revenues, do not enter the state treasury in full.
Rashid confirmed, in a statement to “Baghdad Today”, that “all countries in the world depend on internal revenues such as taxes and service fees, which are used to finance salaries and expenses, but the situation in Iraq is different, as non-oil revenues reach the Ministry of Finance in very small amounts compared to their actual size.”
He pointed out that “this file is one of the most prominent hotbeds of corruption in the country, as revenues are recorded at low numbers that do not reflect their actual reality,” calling for a review of the mechanism for collecting them and ensuring that they are delivered to the state treasury according to their actual numbers.
Rashid stressed that “continued reliance on oil as a primary source of income is no longer a sustainable option, especially with the increase in expenses and salaries, ” noting that “large sectors, such as border crossings and government services, can generate huge revenues equivalent to oil revenues, if they are controlled and managed transparently.”
He concluded his speech by calling for serious government action to address this issue, which he described as “one of the biggest doors of corruption in the country,” stressing that “ignoring it will lead to continued financial waste and weakening of the national economy.”
Non-oil revenues in Iraq have always been a thorny issue that reflects the challenges of administrative and financial corruption in the country. Although Iraq has diverse sources of income, such as taxes, customs, government service fees, and tourism revenues, these resources are not clearly reflected in the state’s general budget, as they are recorded in modest numbers.
Experts believe that enhancing transparency, improving the collection system and combating corruption are the most prominent solutions proposed to reform this file. This may enable Iraq to finance a large part of its budget away from complete dependence on oil, which will achieve economic stability in the long term.
WOLVERINE UPDATE, 14 MARCH
Tues. 11 March 2025 Wolverine
“Big Bond Holders are flying to the US right now. We have big news that this is the week we have been waiting for.
There is good news from Iraq that it’s going to get released. We’re hearing good news from lots of platforms.”
IRAQ, WORLD BANK DISCUSS ENHANCING FINANCIAL COOPERATION, 14 MARCH
IRAQ, WORLD BANK DISCUSS ENHANCING FINANCIAL COOPERATION
Finance Minister Taif Sami stressed the importance of the ongoing partnership with the World Bank, and Iraq’s aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas including infrastructure and human development. This came during her reception of the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation.
The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank. It reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development.
For his part, the World Bank representative expressed the bank’s commitment to continue supporting Iraq in achieving its development goals, noting that the World Bank pays great attention to enhancing Iraq’s ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved.
Awake-in-3D: Banking Crisis Warning, What Global Banks aren’t Telling you, 14 MARCH
Awake-in-3D: Banking Crisis Warning, What Global Banks aren’t Telling you
Banking Crisis Warning: What Global Banks Aren’t Telling You
Awake-In-3D
March 12, 2025
Global banks are pulling back, signaling trouble ahead—here’s what they don’t want you to know.
The global financial system is sending a quiet but urgent warning—one that most people are overlooking. Banks are supposed to fuel economic growth by lending, but right now, they’re doing the opposite. Instead of putting money into businesses and households, they’re stockpiling government bonds at an alarming rate. This shift isn’t random—it’s a calculated move that signals caution, not confidence. In times of financial uncertainty, banks act as early warning indicators. Their recent actions suggest a brewing banking crisis, one that could have far-reaching consequences for investors and policymakers alike.
A Sudden Shift in Strategy
European banks recently embarked on an extraordinary bond-buying spree—the third largest on record. The last time we saw such a move was in April 2020, at the height of global economic panic during the pandemic. This sudden shift raises serious questions, particularly given one alarming detail: despite their enthusiasm for purchasing government bonds, these banks show remarkable reluctance to lend money to businesses and households.
Central Banks Are Losing Control
Central
banks globally are aggressively cutting interest rates, publicly framing these measures as economic stimulus to spur borrowing, investment, and growth. Yet banks—the very institutions responsible for channeling money into the economy—are not responding as expected. Instead, they’re retreating, opting for safety over opportunity.
Why Banks Are Tightening Credit
Why are banks tightening credit instead of lending? Historically, when banks increase their holdings of government bonds, it’s a clear signal of caution. They perceive greater risk ahead and choose safety over profit. This behavior isn’t isolated to Europe:
- China recently had to intervene with a bank bailout.
- U.S. banks are tightening their credit standards.
- Financial institutions worldwide are adopting defensive postures rather than aggressive lending strategies.
The Banking Crisis and Economic Warning Signs
The critical takeaway here is that low interest rates, often touted as a sign of a strengthening economy, often signal deeper underlying issues. Banks, well-positioned to detect early signs of economic trouble, indicate apprehension rather than optimism
.
This trend warrants serious consideration. When banks collectively adopt defensive strategies, it often foreshadows broader economic challenges on the horizon. Investors and policymakers would do well to heed this signal and prepare accordingly.
How Investors Can Protect Themselves
So, what do savvy investors do in times like these? They shift their focus from volatile fiat currencies and unstable economic policies toward more reliable stores of value—most notably, hard assets like gold. History repeatedly demonstrates that during uncertain times, tangible assets offer a crucial hedge against financial turbulence.
The Bottom Line: Banking Crisis Signals Caution
In short, the current behavior of global banks is a quiet yet powerful indicator that caution, preparedness, and prudent investing strategies are more important now than ever.
RAMADAN REVIVES THE IRAQI DINAR AND OFFICIAL EXPECTATIONS OF A CONTINUED DECLINE IN THE DOLLAR, 14 MARCH
RAMADAN REVIVES THE IRAQI DINAR AND OFFICIAL EXPECTATIONS OF A CONTINUED DECLINE IN THE DOLLAR
The exchange rate of the US dollar in the parallel market in Iraq declined significantly during the first and second weeks of Ramadan, recording 1,480 dinars per dollar, or less than that, from 1,520 dinars before the beginning of the month.
The decline is due to several factors, most notably the strict measures taken by the Central Bank of Iraq to control imports and electronic money transfers, in addition to the decline in economic activities of the Iraqi citizen during the month of Ramadan.
“strict measures”
Government advisor Alaa Al-Fahd says the decline in the dollar price in the parallel market is due to the Central Bank’s implementation of strict measures aimed at controlling imports and electronic money transfers.
He added that this measure reflects the success of the Central Bank’s monetarypolicy, as Iraqi banks have begun to implement correspondence operations with international banks with which they have commercial relations. He added that diversifying the currency basket contributed significantly to easing pressure on the dollar, and that most imports of consumer and food goods are financed through the official platform of the Central Bank and at the official price, stressing that any trading outside this framework is considered unofficial dealing.
Al-Fahd praised the Central Bank’s announcement of implementing digital transactions and encouraging tourism, stressing that these steps contributed to easing pressure on the parallel market for exchange rates.
Al-Fahd expected the market to remain stable, especially with most of the needs of Ramadan and the Eid season being covered through the official platform and at the official price, noting that expectations indicate a continued decline in the dollar price in the coming period.
The exchange rate of the dollar against the dinar increased significantly in the last week before Ramadan, recording 1,520 dinars per dollar for sale and 1,510 dinars for purchase in the main stock exchanges, but in the first week of Ramadan, the exchange rate recorded a significant decrease, reaching 1,465 dinars per dollar for sale and 1,475 dinars per dollar for purchase in the main stock exchanges in Baghdad, Erbil and Basra.
In the second week of Ramadan, the exchange rate rose slightly, recording 1,485 dinars per dollar for sale and 1,480 dinars per dollar for purchase, with a variation up or down not exceeding two and a half dollars.
The exchange rate of the Iraqi dinar against the dollar is affected by several main factors, including:
-Daily sales volume in currency auction
-Central Bank procedures related to external transfers
-The need of traders to import goods, especially from countries subject to US sanctions, which increases the demand for the dollar in the parallel market.
-Smuggling the Iraqi dinar to other countries to benefit from price differences.
“Ramadan is a game changer”
For his part, economic expert Ahmed Al-Ansari believes that the decline in demand for the dollar during the month of Ramadan is mainly due to the decline in economic activities of the Iraqi citizen, which is evident in the decline in the movement of real estate, cars and basic services.
Al-Ansari explained that the weak purchasing power of citizens also contributed to reducing the volume of imports, which led to a reduction in demand for the dollar in the parallel market.
He added that the Central Bank’s measures aimed at reducing imports through the black market and encouraging traders and importers to import through approved banks and convert the dollar at the official price were an additional reason for this temporary decline.
Al-Ansari expected a strong recovery in the markets after Ramadan and by Eid al-Fitr, which could lead to a slight increase in the dollar price or a return to its previous level, stressing that the dollar price is greatly affected by the strength of supply and demand in the market, as it rises whenever demand for it increases in the parallel market.
He pointed out that the continuation of the facilities provided by the Central Bank, such as providing travelers’ dollars, will encourage citizens to deal at the official price and avoid exchange offices and banks that sell dollars at higher prices.
On February 7, 2023, the Council of Ministers approved the decision of the Board of Directors of the Central Bank of Iraq to amend the exchange rate of the dollar against the dinar, equivalent to 1,300 dinars per dollar, obligating banks to sell at a rate of 1,310 dinars per dollar and at a rate of 1,320 dinars per dollar for currency transfer operations when using electronic cards while traveling or online, with a ceiling of 3,000 dollars at the official rate granted to each traveler who presents a visa and a travel ticket with his official passport.
WOLVERINE UPDATE, 14 MARCH
Wolverine
Big Bond Holders are flying to the US right now. We have big news that this is the week we have been waiting for.
There is good news from Iraq that it’s going to get released. We’re hearing good news from lots of platforms.
Kurdistan Region Confirms Oil Sales Through SOMO: We Will Give Our Money To Baghdad, 14 march
Kurdistan Region Confirms Oil Sales Through SOMO: We Will Give Our Money To Baghdad
Iraqi oil refinery energy Economy News – Baghdad The Kurdistan Regional Government (KRG) on Wednesday affirmed the region's firm position to implement an amendment to the budget law, allowing the region's oil to be exported and sold through SOMO, with the proceeds returned to the federal Ministry of Finance.
A statement issued by the Kurdistan Regional Government's Council of Ministers, seen by Al-Eqtisad News, said, "The President of the Council, Masrour Barzani, held a meeting attended by his deputy, Qubad Talabani, during which the Prime Minister instructed the Ministry of Finance and Economy to prepare a schedule for distributing salaries to Kurdistan Region employees for the month of February, after the deposit of 958 billion dinars into the ministry's account for that month.
"
The Council decided to begin distributing salaries starting tomorrow. All ministries and institutions were also tasked with preparing March payrolls as soon as possible and sending them to the Federal Ministry of Finance, with the goal of disbursing them before the Eid al-Fitr holiday.
The statement confirmed that "in the first part of the meeting, Kamal Mohamed Saleh, Acting Minister of Natural Resources, reviewed the latest developments in the joint meetings between the Ministry of Natural Resources and the Federal Ministry of Oil, in the presence of representatives of oil companies."
The minister explained the efforts being made to resume the region's oil exports within the framework of the federal budget law. The Council of Ministers commended the Ministry of Natural Resources' efforts to accelerate the process of resuming oil exports and its joint work with the Iraqi Ministry of Oil to resolve the obstacles related to the process.
The Council also affirmed the "regional government's firm position to implement the amendment to the budget law so that the region's oil is exported and sold through SOMO and its revenues are returned to the federal Ministry of Finance." https://economy-news.net/content.php?id=53348
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