Tuesday, March 18, 2025
FRANK26: "AND IF YOU THINK THAT MUCH IS FOR 1310... THINK AGAIN"., 19 MARCH
KTFA
FRANK26: "AND IF YOU THINK THAT MUCH IS FOR 1310... THINK AGAIN".....F26
Al-Sudani's advisor: Iraq's foreign reserves reach $110 billion
3/16/2025
- Baghdad
The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Sunday that Iraq's foreign exchange reserves are a safety net against economic fluctuations, noting that they are estimated at approximately $110 billion.
"Iraq's foreign exchange reserves are one of the most important indicators supporting investment, both domestic and foreign, as the country has a stable foreign exchange portfolio estimated at approximately $110 billion, distributed between gold, dollars, and foreign currencies," Saleh said in a statement to the official agency, followed by "Al-Eqtisad News."
He explained that "these reserves contribute to strengthening macroeconomic stability, both domestically and externally, making them a protective factor against global economic fluctuations and shocks. They also provide strong coverage for the monetary base and financial indicators related to trade and international debt maturing soon. "
He added, "The current account of the balance of payments is recording positive rates that enhance the stability of the value of the Iraqi dinar,thus reducing the impact of fluctuations in global oil markets, given the nature of Iraq's rentier economy." He noted that "Iraq, as the fifth largest oil producer in the world, enjoys sustainable foreign financial flows, enabling it to quickly and efficiently support its cash reserves."
He stressed that "these strong reserves provide a stable investment environment, which contributes to accelerating the pace of investment and supporting the country's promising economic growth."
TIDBIT FROM WOLVERINE, 19 MARCH
Wolverine
[via Judy Byingston]
“A high, high source ...told me we will be celebrating this week.
I can’t tell you the date, but it will all be happening this week.”
FRANK26: "THERE YOU GO PRESIDENT TRUMP."., 19 MARCH
KTFA
FRANK26: "THERE YOU GO PRESIDENT TRUMP."..........F26
Iraq and Turkey agree to double electricity supply via the interconnection line to 600 megawatts.
3/16/2025
Iraqi Minister of Electricity, Ziyad Ali Fadhil, received Turkish Minister of Energy, Alparslan Bayraktar, in Baghdad on Sunday, in the presence of Turkish Ambassador Anil Bora Inan, to discuss prospects for cooperation in the energy sector and strengthening the electrical interconnection between the two countries.
The Iraqi minister confirmed, according to a statement received by Shafaq News Agency, that the Ministry of Electricity has completed all preparations to increase the supply capacity via the Iraqi-Turkish interconnection line to 600 megawatts, proposing the formation of a joint higher technical committee to follow up on the implementation of the agreements.
For his part, the Turkish minister announced that supplies via the joint pipeline will double in the coming months, emphasizing Ankara's keenness to enhance cooperation with Baghdad in the energy sector.
It is noteworthy that the joint electricity interconnection line (Kask-Jazra 400 kV) began operating last July and currently supplies Iraq with 300 megawatts.
Turkish Minister of Energy and Natural Resources Alp Arslan arrived in Baghdad on Sunday, where he was received by Iraqi Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani.
TIDBIT FROM SANDY INGRAM, 19 MARCH
Sandy Ingram
5 reasons why the IQD will increase in value. This assessment is based on Iraq only accepting payments for shipping services in its own currency.
1. Higher demand for IQD - when international companies pay for shipping, railway usage and port service in Iraq dinar, the demand for the currency increases.
2. Scarcity formula - As more businesses buy IQD...the supply of available dinar decreased making each unit more valuable.
3. Less dependent on the US dollar - if Iraq shifts...to the IQD instead of USD it strengthens the local currency while reducing inflationary pressures.
4. Stronger economy equals stronger currency. The development road will create jobs, increase exports and boost government revenue leading to economic growth and a more stable IQD.
5. An alternative to the Suez Canal saving billions for companies exporting to Europe.
Direct implementation of the ASYCUDA system at Abu Fluos Customs in Basra, 18 MARCH
Direct implementation of the ASYCUDA system at Abu Fluos Customs in Basra
Director General of the Customs Authority, Thamer Qasim Daoud, announced today, Tuesday, the commencement of work on the ASYCUDA system at the Abu Flus Customs in Basra.
In a statement received by Al-Eqtisad News, Daoud said, "The electronic automation system (ASYCUDA) has been implemented at the Abu Flus Customs in Basra Governorate link
Tishwash: Despite the budget amendments being completed a month and a half ago, there's a "possible" reason behind the delay in the schedules.
More than a month and a half has passed since the 2025 budget amendment was passed, but the 2025 schedules have yet to reach Parliament, raising questions about the reasons behind them.
The initial obstacle to submitting the schedules was the delay in the budget amendment, but it appears the delay stems from the same reason related to Article 12 of the budget, which was amended but did not bear fruit.
Member saysFinance CommitteeParliamentarian, Mustafa Al-Karaawi, told Sumaria News that "the 2025 budget schedules were supposed to arrive before the end of the fiscal year, according to the text of Article 77, secondly, of thelawFinancial managementBut the schedules have not arrived yet, which is considered a violation of this text.
He explained that "there is information that the tables will reachHouse of Representatives"At the end of this month," he said, noting that "the delay in the schedules has disrupted many of the country's economic activities, the launch of operating budgets, and the halting of projects."
He stressed that "there are no appointments or confirmations for specific categories in the current year's budget," noting that "the allocations will be within the previous sections, but with different numbers, so the 2025 budget will be free of appointments."
The delay in sending the schedules for approval was due to the awaited amendment to the budget law, particularly Article 12 related to the Kurdistan Region's oil.
After the amendment passed in early February, it was followed by significant tension and disagreements.
Despite about a month and a half having passed since the budget amendment was passed, the schedules have not yet been sent. It appears that the delay in sending the schedules is linked to the delay in resolving the issue of resuming Kurdistan's oil exports due to the ongoing disputes between Baghdad and foreign companies in Kurdistan. The Ministry of Finance and the government are unable to confirm the final expected revenue figures due to the lack of a decision on whether or not oil will be exported from Kurdistan. link'
FIREFLY: 12-2c will give us the new value,, 18 MARCH
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:TV says within hours oil can flow [into Turkey]. Why you asking me?
FRANK: I didn't know it was already flowing or tested flowing or is about to flow in a few hours or can flow in a few hours. Dear God because if the oil flows, the exchange rate flows IMO.
FIREFLY: My opinion is all related to the mechanism in this Article 12-2c. 12-2c will give us the new value...They are saying within hours oil can start...The budget table are coming. All is pointing to a Real Effective Exchange Rate IMO.
FRANK: I agree Article 12-c holds the key, which is the new exchange rate.
To the Ministerial Council for the Economy, 18 MARCH
To the Ministerial Council for the Economy
Samir Al-Nusairi
Finally, forecasts indicate that the Russian-Ukrainian war is nearing a halt with US intervention. We recall that when the war broke out three years ago, oil prices soared to over $110 a barrel, resulting in a surge in oil revenues for both rentier and oil-producing countries. This included Iraq, given its rentier economy.
Unfortunately, the achieved abundance was not utilized to activate the real economy. Rather, operational allocations in the general budgets increased, and the deficit exceeded 60 trillion dinars. Now, with the inevitable expectation that the war will soon end, oil prices will fall, and it is expected that its average price will reach less than 60 dollars per barrel.
And we are still without other significant sources of national income. The Iraqi economy, God forbid, will enter a new economic and financial crisis. We expect the deficit to rise, the inflation rate to rise, and the government will be forced to borrow domestically and abroad.
Borrowing from the central bank will be required, foreign exchange reserves will decline, and external and domestic debts will rise. Since these expectations could soon be realized, they require swift action.
Here, we propose that the Ministerial Council for the Economy hold extraordinary sessions to discuss the expected new crisis and prepare for confrontation in a manner that preserves the path of economic, financial and banking reform and finds solutions and remedies to protect our national economy link
AJ: The CBI hasn’t explained or given guidance on what happens to paper currency outside Iraq when they go digital. , 18 MARCH
AJ
Good morning, everyone! 
My inbox has been flooded with questions about the latest CBDC article y’all are fired up! We’ve known the CBI was gearing up to go digital, but here’s the twist that might give you chills: this could be the last thing you want for this investment.
No cash, replaced with a CBDC—digital wallets tied straight to the CBI, no banks needed, and they’re planning to phase out cash—meaning no more lower denomination notes. Reading this gave me a pit in my stomach, like a total nightmare scenario for us holding physical dinars!
Let’s start with the good news. You know I’ve been hammering this point for months—heck, all of last year—to my followers: Iraq has to end that parallel market (1,500 IQD/USD vs. the official 1,320) and unify the rate before any revaluation (RV) can happen.
And guess what? Mustafa Mohammed, financial and banking affairs adviser to the prime minister, backs me up, saying the official exchange rate will be the only game in town as the digital rate—official rate 1,320 IQD/USD. That’s a huge step toward RV.
The digital dinar will be an electronic currency issued by the CBI as an official part of the country's monetary system CBDC.
My inbox has been flooded with questions about the latest CBDC article y’all are fired up! We’ve known the CBI was gearing up to go digital, but here’s the twist that might give you chills: this could be the last thing you want for this investment.
No cash, replaced with a CBDC—digital wallets tied straight to the CBI, no banks needed, and they’re planning to phase out cash—meaning no more lower denomination notes. Reading this gave me a pit in my stomach, like a total nightmare scenario for us holding physical dinars!
Let’s start with the good news. You know I’ve been hammering this point for months—heck, all of last year—to my followers: Iraq has to end that parallel market (1,500 IQD/USD vs. the official 1,320) and unify the rate before any revaluation (RV) can happen.
And guess what? Mustafa Mohammed, financial and banking affairs adviser to the prime minister, backs me up, saying the official exchange rate will be the only game in town as the digital rate—official rate 1,320 IQD/USD. That’s a huge step toward RV.
The digital dinar will be an electronic currency issued by the CBI as an official part of the country's monetary system CBDC. It will hold the same value as traditional currency but will be traded electronically through CBDC digital wallets or authorised financial applications and would see the country move away from US control of the Central Bank of Iraq, which it has held a controlling stake in since the US invasion of 2003
But here’s the gut punch: the CBI hasn’t explained or given guidance on what happens to paper currency outside Iraq when they go digital.
That’s a massive question mark for us dinar holders abroad.
The lack of clarity on legal residency for CBDC wallets is a big deal—global trends suggest you will need a local ID (like Nigeria’s BVN), but China’s Olympic exception shows flexibility is possible.
During the 2022 Beijing Winter Olympics, China let foreigners use e-CNY CBDC wallet without residency or a local bank account—it was temporary.
Iraq could do the same for a post-RV window, but without confirmation, we’re in the dark.
With 11 countries already using CBDC, let’s look at five playbooks. Interestingly, they all still use paper currency alongside their CBDC digital versions. Here are the top five:
The Bahamas (Sand Dollar)
Launch: October 2020
Timeline: Over 4 years (since 2020), with 50%+ adult adoption by 2023. Pilots started in 2019.
Notes: Focused on financial inclusion for remote islands, but cash (BSD) remains legal—only 30–40% of transactions are digital. Slow adoption reflects tech and trust challenges.
Jamaica (Jam-Dex)
Launch: March 2022
Timeline: About 3 years (pilots from 2019, full rollout 2022), with 100,000 users (2.5% of 4 million) by 2023.
Notes: Cash (JMD) still dominates—digital’s a supplement, not a replacement, suggesting a gradual shift rather than a cash kill.
Nigeria (eNaira)
Launch: October 2021
Timeline: Over 3.5 years (pilots from late 2020), but adoption’s under 1%.
Notes: Naira cash is 80%+ of transactions—eNaira struggles due to tech issues and low trust, hinting at overoptimistic rollout claims. Requires a local BVN ID for wallets.
China (e-CNY)
Launch: Pilot in 2019, no full nationwide launch yet (as of 2025).
Timeline: 6+ years in development, with 261 million users (18% of 1.4 billion) by 2023, 7 trillion yuan ($986 billion) in transactions by June 2024.
Notes: Yuan cash persists—e-CNY’s a layer, not a cash killer, due to rural gaps and privacy pushback. Olympics trial showed flexibility for foreigners, but domestic use needs a local ID.
Eastern Caribbean Currency Union (ECDU - DCash)
Launch: March 2021 (8 islands: Antigua, Grenada, etc.)
Timeline: Over 4 years (pilots from 2019), with limited adoption—offline issues hit in 2022.
Notes: Cash (XCD) still widely used—DCash’s 2-month outage in 2022 shows tech fragility, questioning reliability.
Thank God Trump stopped the CBDC in the U.S.! 
They are 100% globalist control over humanity.
If you’re doing the happy dance over this, you are dumb as fu@k.
FOOTNOTE; This is not a crypto wallet --
Economic expert Ziyad Al-Hashimi pointed out significant differences between digital currencies and cryptocurrencies:
The Bahamas (Sand Dollar)
Launch: October 2020
Timeline: Over 4 years (since 2020), with 50%+ adult adoption by 2023. Pilots started in 2019.
Notes: Focused on financial inclusion for remote islands, but cash (BSD) remains legal—only 30–40% of transactions are digital. Slow adoption reflects tech and trust challenges.
Jamaica (Jam-Dex)
Launch: March 2022
Timeline: About 3 years (pilots from 2019, full rollout 2022), with 100,000 users (2.5% of 4 million) by 2023.
Notes: Cash (JMD) still dominates—digital’s a supplement, not a replacement, suggesting a gradual shift rather than a cash kill.
Nigeria (eNaira)
Launch: October 2021
Timeline: Over 3.5 years (pilots from late 2020), but adoption’s under 1%.
Notes: Naira cash is 80%+ of transactions—eNaira struggles due to tech issues and low trust, hinting at overoptimistic rollout claims. Requires a local BVN ID for wallets.
China (e-CNY)
Launch: Pilot in 2019, no full nationwide launch yet (as of 2025).
Timeline: 6+ years in development, with 261 million users (18% of 1.4 billion) by 2023, 7 trillion yuan ($986 billion) in transactions by June 2024.
Notes: Yuan cash persists—e-CNY’s a layer, not a cash killer, due to rural gaps and privacy pushback. Olympics trial showed flexibility for foreigners, but domestic use needs a local ID.
Eastern Caribbean Currency Union (ECDU - DCash)
Launch: March 2021 (8 islands: Antigua, Grenada, etc.)
Timeline: Over 4 years (pilots from 2019), with limited adoption—offline issues hit in 2022.
Notes: Cash (XCD) still widely used—DCash’s 2-month outage in 2022 shows tech fragility, questioning reliability.
Thank God Trump stopped the CBDC in the U.S.!
They are 100% globalist control over humanity.
If you’re doing the happy dance over this, you are dumb as fu@k.
FOOTNOTE; This is not a crypto wallet --
Economic expert Ziyad Al-Hashimi pointed out significant differences between digital currencies and cryptocurrencies: 'The former are issued and regulated by central banks like the digital dollar and digital dirham, while cryptocurrencies such as Bitcoin are not subject to any official authority and their value depends on supply and demand, making them highly volatile.'
BTW: the CBI banned all crypto's in 2017 in Irraq.
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