Sunday, April 27, 2025
A New Decline In The Dollar Exchange Rate Against The Dinar
A New Decline In The Dollar Exchange Rate Against The Dinar
Saturday, April 26, 2025 11:23 | Economic Number of readings: 120 Baghdad / NINA / The exchange rate of the dollar against the dinar decreased, Saturday morning in Baghdad and Erbil.
The exchange rate in the Al-Kifah and Al-Harithiya stock exchanges in Baghdad reached 144,400 dinars for every $100.
In the local markets in Baghdad, the selling price reached 145,500 dinars, and the purchase price was 143,500 dinars, for every $100.
In Erbil, the dollar price also decreased, with the selling price reaching 145,600 dinars for every $100, and the purchase price reaching 144,500 dinars for every $100. /End https://ninanews.com/Website/News/Details?key=1210170
TIDBIT FROM MARKZ: Iraq are saying they have completed everything for the ascension into the WTO
MarkZ
Articles in Iraq are saying they have completed everything for the ascension into the WTO…and they are in the final stages right now. From the press in Saudi Arabia we have been told Iraq has definitely finished everything necessary for their World Trade organization ascension.
They have done all the work shops etc…and now many believe they are doing the final steps right now.
Its kind of wild that we have not heard anything for awhile...and now they seem to be in a “mad dash” to get it done.
Central Bank: Visa And Mastercard Card Issue Abroad To Be Resolved Next Month
Central Bank: Visa And Mastercard Card Issue Abroad To Be Resolved Next Month
Central Bank Governor Ali Mohsen Al-Alaq Banks Economy News – Baghdad Central Bank Governor Ali Mohsen Al-Alaq announced on Saturday that the issue of Visa and MasterCard cards abroad will be resolved within the next month.
Al-Alaq said in press statements, followed by "Al-Eqtisad News," that "the Central Bank has completed the two tasks related to cash sales and foreign transfers, but the card crisis witnessed a state of "misunderstanding."
He explained, "When we headed to organize this process, it required a set of procedures that must be worked on, so that we put it in its correct direction and according to acceptable standards, and therefore there were some stops and some changes in the paths."
Al-Alaq said, "An agreement was reached with all concerned parties - which include "Visa" and "MasterCard" in coordination with the Treasury, the Federal Reserve, and the auditing company - on "the formulas and paths for settling these cards," stressing that "the Central Bank has taken rapid steps in this regard, expecting to complete this task within the next month, i.e. before the scheduled date for this process, which is June 1."
Al-Alaq revealed that "work has begun on developing a plan to issue cards to small merchants, after completing consultations with companies," "to accommodate the requests of merchants—a large segment of Iraqis—to cover their foreign trade without passing through long routes, so that transfers can be made directly, which will create a major shift in accommodating merchants who do not use formal transfer methods."
Al-Alaq indicated that "the Central Bank, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash sales of dollars, and is now 'in an ideal position, by their own testimony.'" He described foreign commercial transfers as "progressing very smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere.
An agreement has also been reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations." https://economy-news.net/content.php?id=54852
FIREFLY: We know their rate is around $3.30!!
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Kuwait is now here in Iraq. We know their rate is around $3.30 so why would we be doing deals with Kuwait at a program rate of 1310? Mr Sammy says... there has to be at least bottom numbers or a range of what the rate will be for all these companies and countries here signing deals.
FRANK: IMO all these companies coming into Iraq have a memo of understanding but not signed contracts, which is a big indication that we're still waiting for the new exchange rate...Kuwait...is another indication that the world knows the truth about the monetary reform of the Iraqi dinar...Everyone is preparing for it IMO
An Economist Reveals Three Hidden Reasons Behind The Market Recession.
An Economist Reveals Three Hidden Reasons Behind The Market Recession.
Time: 2025/04/26 16:57:17 Read: 2,040 times {Economic: Al Furat News} Economic expert Salah Nouri revealed today, Saturday, three reasons behind the current stagnation in Iraqi markets.
Nouri told Al Furat News, "The first reason is the rise in the prices of basic imported goods globally, which has had a direct impact on their prices in local markets when calculated in Iraqi dinars, making them beyond the reach of a wide segment of citizens."
He added, "The second reason relates to the fluctuations in the local dollar exchange rate, which has weakened the dinar's purchasing power and made low-income earners among the most affected groups due to their inability to keep up with rising prices."
Nouri pointed out that "the third reason is the decline in demand for basic commodities due to the decline in citizens' purchasing power, which has led to a general state of stagnation in markets, especially in areas with low incomes." LINK
Bruce The Big Call UPDATE
Bruce The Big Call
Likely Tier4b (us the internet group) will be sent notification to set exchange appointments over the weekend and start appointments on Monday 28 April because that’s when Redemption Center staff has been asked to come in and work.
The Contract Rate on the Dinar was in the low 80s, but you must have a humanitarian project to qualify and the contract rate on the Dinar is only available at a Redemption Center.
Secretary Rubio’s Meeting with Iraqi Deputy Prime Minister and Foreign Minister Hussein
Secretary Rubio’s Meeting with Iraqi Deputy Prime Minister and Foreign Minister Hussein
APRIL 25, 2025
The below is attributable to Spokesperson Tammy Bruce:
Secretary of State Marco Rubio met with Iraqi Deputy Prime Minister and Foreign Minister (DPM/FM) Dr. Fuad Hussein in Washington, D.C. on April 25. Secretary Rubio and DPM/FM Hussein discussed the importance of Iraqi sovereignty for regional security and stability. The Secretary praised Iraq’s efforts to promote regional de-escalation and constructive dialogue.
Secretary Rubio and DPM/FM Hussein discussed opportunities to expand economic cooperation and increase trade and investment between the Unites States and Iraq. The Secretary commended Iraq for hosting the first-ever U.S. Department of Commerce-designated trade mission in Baghdad earlier this month, resulting in billions of dollars in agreements with U.S. companies
Global Currency Reset Underway: IQD: $9.35 – now activated on internal banking platforms!
Global Currency Reset Underway
- Sun. 20 April 2025: Final e*******n in progress. The wait is over. Confirmed: Tier4b activations have begun!
- The global financial system is in the midst of a transition. Major banking institutions in Zurich, the Rhineland and Hong Kong have entered the final liquidity phase. Important sources confirm that notifications are already being sent. This is not speculation. It’s happening now.
- Historic moves underway! Multiple sources report that the QFS is clearing high-value transactions, ensuring large-scale liquidity deployment across multiple levels. Private banking sources confirm that funds are being transferred to designated accounts. This is the final stage before the public launch!
- Urgent: Bank screens now displaying live trading rates!
IQD: $9.35 – now activated on internal banking platforms!
VND: US $5.89 – Surpassing projected levels!
ZIM: Processing – Elite groups now receiving!
- Private Jet landing: high level transactions confirmed! Military and government agents have arrived in Reno and Hong Kong. Elite bank employees are being escorted under security protocols; something historic is happening.
Iraq yet to pay IOCs despite millions of barrels sent: KRG minister
Iraq yet to pay IOCs despite millions of barrels sent: KRG minister
ERBIL, Kurdistan Region – The Iraqi government has yet to pay oil companies based in the Kurdistan Region for the over 12 million barrels of oil they have been sending for more than two years, the Region’s acting natural resources minister said on Sunday, calling on Baghdad to provide guarantees to the companies.
Oil exports from the Kurdistan Region through the Iraq-Turkey pipeline have been suspended since March 2023 after a Paris-based arbitration court ruled in favor of Baghdad against Ankara, saying the latter had violated a 1973 pipeline agreement by allowing Erbil to begin exporting oil independently in 2014.
“According to the oil ministry’s request, since June 25, 2023, we have been delivering our oil to the oil ministry. Over 12 million barrels have been sent, and the oil ministry has not paid a single dinar or dollar to the [oil] companies,” Kamal Mohammed, the Kurdistan Regional Government’s (KRG) acting natural resources minister, told reporters in Sulaimani.
He expressed concern and lamented that Baghdad has not provided the guarantees requested by the oil companies.
Despite ongoing talks between Erbil, Baghdad, Ankara, and oil producers – with added pressure from the United States – the exports remain stalled, with their suspension costing Iraq billions of dollars in revenue.
The minister explained that the oil companies do not want their contracts to be altered.
“The companies now say that since our contracts are valid according to the federal government and international law, they must be implemented accordingly,” Mohammed said. “One of their demands is that their contracts must not be altered.”
On Sunday, oil producers in the Kurdistan Region called for increased efforts to resume Kurdish oil exports, regretting that “engagements thus far have been limited and unproductive” with the Iraqi government, despite Baghdad publicly stating that it is in favor of the resumption.
“We regret the lack of progress, nevertheless we will continue to push for a resumption [of] oil exports,” said Myles Caggins, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR).
In early April, APIKUR said that their investments have been “fundamentally harmed” by the closure of the pipeline and that they are in a “hurry” to resume the oil exports, for which they have been “at forefront to push negotiations with Baghdad.”
In early February, the Iraqi parliament approved amendments to the federal budget law, authorizing a $16-per-barrel fee for production and transport costs in the Kurdistan Region – a move seen as a crucial step toward restarting exports.
The amendments also require both the federal government and the KRG to establish an international technical consultancy within 60 days to assess production and transportation costs for oil fields in the Kurdistan Region. If an agreement cannot be reached, the federal council of ministers will appoint the consultancy.
EXCERPTS FROM MARKZ
EXCERPTS FROM MARKZ
MZ: There is a high level delegation meeting with our Administration from Iraq right now in DC. They are holding talks with the Bank of International Settlements (BIS) and the international Monetary Fund (IMF).
MZ: “Iraqi delegations holds talks with the bank and the international Monetary Fund in Washington” and they have cleared the last hurdle for ascension in the World Trade organization as a full blown member
MZ: Many have stated for years now that we should have a new rate on the dinar before they ascend. So all these talks are very encouraging to me
High-Level Iraqi Delegation Holds Talks with the World Bank and IMF in Washington
High-Level Iraqi Delegation Holds Talks with the World Bank and IMF in Washington
In Washington’s spring air, Iraq’s fiscal vanguard—Finance Minister Taif Sami Muhammad and Central Bank Governor Ali Al-Alaq—entered the World Bank–IMF Spring Meetings with a single, unspoken mandate: convince the guardians of global liquidity that Baghdad’s reform project is both credible and investable.
Their opening salvo, a strategy session with World Bank Executive Director Abdulaziz Al-Mulla, aligned Iraq’s revenue-diversification agenda with the Bank’s readiness to bankroll digital-era infrastructure, from customs automation to smart-grid power.
Parallel talks with IFC Regional VP Hela Cheikhrouhou produced a pledge to expand private-sector financing under the nascent Iraq Development Fund—essential if Basra’s ports and Baghdad’s metros are to wield catalytic, rather than cannibalistic, debt.
The delegation’s rendezvous with World Bank MENA Vice President Ousmane Dione elevated the conversation from spreadsheets to steel rails: Iraq’s flagship railway corridor now sits atop a portfolio review designed to purge bottlenecks and accelerate disbursement.
Crucially, Minister Sami pressed for human-capital allocations—education, health, and social protection—signaling that the cabinet views demographic stability as a pre-condition for any future exchange-rate liberalization.
At IMF plenaries chaired by Managing Director Kristalina Georgieva, Baghdad echoed Fund orthodoxy on buffer-building and debt discipline, yet quietly recast it through a dinar-centric lens. Discussions with Executive Director Dr. Mohamed Maait and Mission Chief Jean Guillaume homed in on Treasury Single Account completion, tax-and-customs automation, and a broader digitization drive—technocratic steps that, in IMF parlance, constitute the “pre-revaluation hygiene” required before a confidence-sensitive currency can be set free. The Fund’s technical teams agreed to fast-track capacity-building for Iraq’s revenue authorities and to draft pension-system reforms, acknowledging that fiscal leakages, not oil price volatility, are now the chief threat to macro-stability.
Governor Al-Alaq’s side-bar with Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, underscored the point. Azour blessed Baghdad’s phased banking overhaul—from Basel III capital templates to an imminent upgrade of anti-money-laundering protocols—while hinting that the Fund stands ready to endorse “further monetary modernisation” once supervisory milestones are met. In market parlance, the door to an eventual dinar adjustment is ajar; the hinge is structural reform.
Beyond the photo-ops, the Iraqi team’s performance signaled a maturing policy mix: fiscal consolidation without growth asphyxiation, monetary prudence without dinar paralysis, and, above all, a pivot from petrodollar dependency to diversified value creation. Should Baghdad translate these Washington pledges into measurable KPIs by year-end, the prospect of a recalibrated—some would say revalued—Iraqi dinar will migrate from chat-room rumor to policy-backed possibility.
Read more here: INA
Weekend Coffee with MarkZ. 04/26/2025
Weekend Coffee with MarkZ. 04/26/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: We spend the first 45 minutes hanging out with Matt and Lucas at CBD guru’s, then dive into the news of the day.
MZ: There is a high level delegation meeting with our Administration from Iraq right now in DC. They are holding talks with the Bank of International Settlements (BIS) and the international Monetary Fund (IMF).
MZ: “Iraqi delegations holds talks with the bank and the international Monetary Fund in Washington” and they have cleared the last hurdle for ascension in the World Trade organization as a full blown member
MZ: Many have stated for years now that we should have a new rate on the dinar before they ascend. So all these talks are very encouraging to me.
MZ: “Marco Rubio : An Iraq free of “malign influence” is vital to the stability of the region” they keep pushing Iraq is sovereign. This is from today. There are a lot of meetings happening today in Washington DC with Iraq.
Member: Newsmax reported DJT has made 200 tariff deals so far
MZ: “Chinese delegation spotted entering Treasury Department” Its been kept quiet but they are busy making deals. We do know for a fact (regardless of the press is saying) that there are high level meetings going on about the tariff subject.
MZ: We continue to hear good chatter out of the bond side. We are waiting to see if money flows into accounts….to see if funds have actually been initiated with bond folks……things are certainly getting interesting.
MZ: I am not expecting to hear from the bond side until the first of the week. I know a lot of people who have finished the paperwork and are waiting for funds to be fully spendable. We are sitting on the edge of our seats waiting for news on that front.
Member: Mark, so none of the bond contacts have spendable money, but waiting on wires to hit accounts for actual spendable money?
MZ: I know of a small percentage that have spendable dollars….but no enough yet for currencies to move forward….is what I was told. We know they have started the process….just how quickly will it progress and what is the timing for us …are still unknown.
MZ: I spoke with a CMKX contact and they just updated Fines and Penalties….again. they say they are just waiting on permission to release.
MZ: “ A copper deposit of over 20 million tons has just been discovered in an unlikely and unexpected location” this was found in China on the Tibetian Plateau. This is one of the biggest copper reserves ever located.
MZ: The whole world is moving to a metals and commodity based system. And magically all these countries are finding big deposits of metals all over the world.
Member: I saw a short video saying gold could get as high as $27,000.00 an ounce?
MZ: That would sure fix a lot of the world’s problems as they move to sound money.
Member: My friend from Jamaica said the PSA told them their currency has to be turned in by July 1 or it won't be any good
Member: My local bank is down tonight 11pm to 5:30 am for Maintenance Updates! Timing is interesting!!
MZ: There are a lot of banks that between now and the end of May that said they could be down for days as they upgrade every part of their banking system. Many are upgrading in the month of May. many members have shared their internal memos from banks about upgrades in the month of May
Member: Remember : Saturdays nights when all banks worldwide are closed is a good time for revaluations. Fingers crossed tonight is that night.
Member: Have a great weekend all! Many blessings to you. See you Monday.
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🌟 FIREFLY UPDATE: Iraq’s Currency Shake-Up Could Reshape the Economy 💰 #frank26 #dinarrevaluation
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