Back in the beginning days of the Dinar phenom...I had a website...that debunked scams with hard research. I actually helped the FBI bust a few of the scammers. Among those scams was...
Humanitarian Projects. It was a straight up scam where they took your Dinar, put them in a trust at an alleged "much higher" rate...They were quickly shut down yet somehow, the mythology is still swirling around. You can't just type up some sort of project then get more for your Dinar.
There are NO humanitarian projects and once again, we suffer the foolishness of myths from days gone by...Your Humanitarian Project should be you and your family and use a Charitable Remainder Unitrust to reduce your tax obligation to 10% and not a dime more
Qubad Talabani: Our doors are open to all foreign companies for investment
joint contract signing ceremony took place in Sulaymaniyah between local and American companies to develop the Bazian power plant.
During the ceremony, Deputy Prime Minister of the Kurdistan Region, Qubad Talabani, delivered a speech welcoming the attendees, company representatives, businessmen, and guests. He emphasized the importance of signing this contract, which will contribute to the development of the electricity sector.
He added, "This contract will strengthen the Kurdistan Region's infrastructure and send an important message to the world that the Kurdistan Region's doors are open to all foreign companies working towards a more developed Kurdistan."
He explained, "We in the Kurdistan Regional Government have open doors to all foreign companies to invest in the Kurdistan Region. It is important to make clear to all investors that our priority is to work on diversifying resources in the Kurdistan Region. I thank all the companies that have been operating in Sulaymaniyah for a long time and have implemented many important and necessary projects, making Sulaymaniyah a model of development and prosperity."
Talabani said, "Through this contract and the cooperation between the companies, we can provide a significant portion of the electricity supply to the Kurdistan Region and work to develop the electricity sector in general. Under this contract, many cadres and engineers will be trained according to international standards."
He continued, "This contract will provide opportunities for young people, as well as job and training opportunities for a large number of citizens, and will build a sophisticated electricity sector. We in the Kurdistan Regional Government provide all necessary facilities to foreign companies, and we must rely on clean energy and develop the gas sector as well." link
My [Iraqi] employees all say that they watch the dollar rate every day, when it goes down their purchasing power goes up.
They say the GOI keeps telling them to bring in their 3 zero notes but they don’t trust the banks.
They will do this when the new value and smaller notes come out.
They also say that all of these projects won’t start until this happens.
The GOI does not have the cash (dinars) to fund these projects at the current rate because it’s all in the hands of the citizens and us…Sudani has got to make this decision.
General Electric: We Have Implemented Strategic Agreements On The Ground In Iraq
Energy Economy News – Baghdad General Electric's Iraq Country Manager, Rashid Al-Janabi, confirmed on Sunday that unprecedented government support has strengthened the partnership with the Ministry of Electricity. He also pointed to strategic agreements implemented on the ground that have contributed to improving the efficiency of the electricity grid.
Al-Janabi said, "The unprecedented government support the company has received is a key factor in strengthening the partnership between GE Vernova, the Ministry of Electricity, and the Iraqi government in general."
He added, "This partnership, which has spanned several decades, has been significantly deepened recently, positively impacting the development of the energy sector, both in terms of adding new production capacities and improving the efficiency of the transportation and production systems."
He pointed out that "these efforts have resulted in strategic agreements that have been implemented on the ground through major projects over the past two years, contributing to raising the efficiency of the electricity grid and meeting a significant portion of Iraq's energy needs, supporting future development plans and contributing to improving the environmental situation."
FIREFLY:Another person is on the news saying the oil issues with prices will have no effect on the budget at this time and would have to drop to $50 to even consider any issues.
This is good news.
Apparently they must have a new exchange rate.We in the streets are asking where's article 12-2C relating to the oil not being published yet because the moment they show that to us they're going to release the new rate.
It's like they're still holding it back on purpose.
Al-Sudani Stresses The Importance Of Simplifying Administrative Procedures That Hinder Investment Projects
Money and Business Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani stressed on Sunday the importance of simplifying administrative procedures that hinder investment projects.
The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani chaired the regular meeting of the Higher Committee for Reconstruction and Investment, during which the files and projects on the agenda were discussed and decisions made."
He stressed "the need for the committee to work on reducing administrative steps and strengthening the country's investment environment," emphasizing "the importance of ministries focusing on investment projects that maximize the country's revenues, which is part of the government's approach to financial and economic reform."
The meeting witnessed the approval of several housing projects, as well as the establishment of the largest olive farm in Wasit Governorate by an Iraqi-Spanish investment company. This project is one of the outcomes of the Prime Minister's visit to Spain at the end of last year, during which he met with the President of the World Olive Council.
The meeting discussed "a number of health projects, including the establishment of an early cancer screening center. The Ministry of Health directed that the project be studied and submitted to the Investment Committee." https://economy-news.net/content.php?id=54869
In the Middle East...they're talking about a new exchange rate and the heavy talk they were dealing with was that maybe...a new rate was coming out at around $1.32.
I don't now. I have no idea what the rate will be but I do know the IMF and the World Bank is working with the CBI and the US Treasury to bring purchasing power to their currency.
When? I don't know. All the evidence is in the articles.
Action: Launching an electronic platform for paying social security contributions.
Local | 05:23 - 04/27/2025 Mawazine News – Baghdad The Ministry of Labor and Social Affairs clarified, on Sunday, the conditions for granting a retirement pension to workers and the required years of work, while confirming the launch of an electronic platform for paying social security contributions.
Ministry spokesman Hassan Khawam said: "The retirement and social security law for workers, which was enacted during the current parliamentary session, is one of the most important laws. Among the conditions for inclusion are that the worker be of Iraqi nationality, residing in Iraq, and of legal age (63 years or older), and have guaranteed service with paid contributions for a period of no less than 15 years."
He added, "The law stipulates that the social security retirement pension may not be combined with any other retirement pension."
Khawam explained that "there is also an optional guarantee for every person working in liberal professions such as a barber, taxi driver, or street vendor. They can participate in social security voluntarily by paying monthly contributions within 15 different categories, starting from 17,500 dinars up to 87,500 dinars, in exchange for retirement salaries ranging between 500,000 and 1,750,000 Iraqi dinars. All workers are covered by the retirement salary without exception.
"
He pointed out that "other benefits provided by the law include paid sick leave, free medical care, in addition to a full or partial disability pension and maternity leave for pregnant women with the provision of health care."
He stressed that "the Ministry of Labor has inspection teams that visit investment projects to ensure workers are registered with social security and verify their numbers. In the event of a violation, the employer is subject to a fine that may reach five times the unpaid contributions."
Khawam pointed out that "the subscription deduction system has become electronic through the "Daman" platform, with a deduction rate of 5% of the worker's income, while the government bears 8%, and the employer 12%."
He explained that "the disbursement of retirement salaries is contingent upon reaching the legal age (63 years) with subscriptions of no less than 15 years, or early retirement according to the specified age and service conditions."
He explained that "the ministry is working with its social partners and local and international labor organizations to develop labor and social security laws, with the launch of awareness campaigns that have led to a large turnout of workers, especially in the field of optional insurance."
Regarding health insurance, he indicated that "covered workers pay only 10% of the cost of medical services, whether under optional insurance or in the organized sector." https://www.mawazin.net/Details.aspx?jimare=260935
Iraqi Dinar Breaking News: Major IQD Change Expected at 8 AM Today
Dinar investors, the moment you’ve been waiting for may finally be here! A wave of anticipation is sweeping through the Iraqi Dinar (IQD) investment community following reports of a potentially significant change expected to occur at 8:00 AM on Monday morning. Credible sources are suggesting backend system activations and new operational directives stemming from the Central Bank of Iraq (CBI), igniting fervent speculation about a possible revaluation of the IQD.
This development, if confirmed, could represent a pivotal moment for those holding Iraqi Dinar, potentially triggering a long-awaited return on investment.
While official confirmation remains elusive, the current buzz centers around leaked information regarding the timing and potential impact of the rumored changes. While specific details about projected rates are circulating, it’s crucial to approach these with caution until verifiable information is released by official channels.
However, the reports highlight potential changes that could impact the global financial landscape, particularly for holders of Iraqi Dinar.
Adding fuel to the fire, there are whispers of activity within major financial institutions. According to unconfirmed reports, banks like Chase, Wells Fargo, and HSBC are reportedly activating their foreign currency desks and preparing for appointments related to currency exchanges. While these activities haven’t been officially confirmed by the institutions themselves, they are being interpreted by many as a sign that something significant is on the horizon.
While the reports are generating significant excitement, it’s essential to remember that these developments are still unfolding, and official confirmation is pending. It’s crucial to approach this news with a healthy dose of skepticism and avoid making impulsive decisions based solely on speculation.
The coming days promise to be critical for Iraqi Dinar investors. Staying informed, seeking professional advice, and exercising caution will be paramount in navigating this potentially transformative period.
Iraq Agrees To Open Another Bank In The US To Establish Relations With Its Banks In Transfer Operations.
economy | 10:43 - 04/26/2025 Mawazine News – Baghdad The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed an agreement to establish another bank in the United States to establish relationships with Iraqi banks in money transfer operations.
The Governor of the Central Bank of Iraq said in an interview followed by (Mawazine News) that he "has begun working on developing a plan to issue cards for small merchants, after completing consultations with companies, so as to accommodate the requests of merchants - a large class in Iraq - to cover their foreign trade without passing through long paths, so that transfers are carried out directly, which will create a major shift in accommodating merchants who do not use the official methods of transfers."
He noted that the Central Bank of Iraq, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash dollar sales operations, and that they are now "in an ideal position, by their own testimony."
He described foreign commercial transfers as "progressing smoothly, as we have expanded the network of correspondent banks abroad in the US and elsewhere. An agreement was also reached to open another bank in the US to establish relationships with Iraqi banks in transfer operations."
Regarding Iraqi banks barred from dealing in dollars, Al-Alaq said, "They will have to meet requirements related to ownership, compliance, money laundering, governance, and banking services in order to resume their normal operations."
He explained that these banks "were not subject to sanctions and are not included on the sanctions list, but due to observations about foreign transfers, they were stopped from using the dollar in transactions only."
He pointed out that a comprehensive plan was launched, which includes the criteria and conditions required to correct the situation of these banks to avoid such problems, after a full year of work on it. https://www.mawazin.net/Details.aspx?jimare=260919
FIREFLY:Sudani...is not trying to hide a rate, he's just not doing it. He's not doing his job!
FRANK: I'm not losing faith is Sudani, I'm just disappointed in him to a degree. You see, he is not in control of your currency reform. The CBI is.
We the United States of America have a lot of influence through the United States Treasury on your monetary reform because of our relationship with the IMF. Your new exchange rate is definitely coming IMO. Unfortunately it's coming to you Middle Eastern style by kicking, screaming, fighting, pulling hair for every inch of it. That is sad because that is the Middle East way. But Donald Trump will speed this up.
Prime Minister's Advisor: Government Bonds Are A Better Investment Option Than Gold
Buratha News Agency1862025-04-25 The Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Friday that sovereign government bonds are available for investment through banking institutions, calling for diversifying investment portfolios by investing in government bonds instead of gold, as "local gold is one of the wealth havens most affected by external or international factors and their shocks, as it is a commodity imported from gold vaults outside the country,
as the global price of gold exceeded the $3,200 per ounce barrier in April 2025, affected by geopolitical tensions, especially between the United States and China, or the so-called trade war issue represented by the escalation of the mutual tariff war between various countries of the world and its direct and indirect effects on inflation trends and expectations in the global economy."
He added, "This coincided with indicators of the oil asset cycle, the downward trend in global oil prices, and the increasing demand for the yellow metal by central banks and investors seeking a safe haven for wealth around the world, as gold is undoubtedly the best store of value."
He noted that "the price of gold, which has witnessed a significant and continuous rise, despite its fluctuations towards the decline, has maintained its high price. For example, the price of one ounce on April 17, 2025, reached approximately $3,321.89, after previously reaching a new record high of $3,357.40 per ounce."
Saleh explained that "the opening of the local gold market to the global market and the impact of the global price of gold on our country's supply has become an immediate reflexive issue. Until the local gold market stabilizes again, it may take a real period of time to adapt again."
He pointed out that "the short-term jumps in gold prices cast a shadow over the tendencies of individuals in our country and the behavior of some to hedge by investing in the yellow metal."
He continued: "Demand for gold in Iraq is a traditional means of preserving value, which leads to its purchase as a normal hedge, especially for those with cash surpluses, with the aim of profiting from the external price factors affecting the fluctuations in the international economy, and the impact of this on the level of global prices, and the repercussions of this on thinking about re-diversifying the wealth portfolios of some of them, or according to their beliefs and traditions in investing, preserving the value of their personal financial wealth, or speculating."
Saleh pointed out that "if the goal of importing is a safe investment, it is preferable to monitor global and local markets to make informed decisions, and to proceed with the proper diversification of their investment portfolios and not rely entirely on a single investment vehicle to preserve value, since gold is also subject to decline.
It is also preferable to consider other national investment options to diversify their investment portfolios, especially investing in interest-bearing sovereign government bonds currently offered to investors through the Iraqi banking system." https://burathanews.com/arabic/economic/459247
...there's been a question about...the contract rate on the dinar. ...the contract rate would be available for those who had projects. ...
what is that? What do you mean?
...It's humanitarian projects...that we are creating to uplift humanity, whether it's in your city, in your region in the United States, like rebuild America, or whether it's something International, like rebuild internationally and.
..
I said there was a rate that's called a contract rate. It's pretty much tied to the per barrel price of oil that Iraq is selling their oil...
Now this rate has fluctuated... Now it's hanging in the low 80s.
There's a little trading range in the low 80s, which is a fantastic rate.
And yes, you do have to have projects...if you have dinar and you're doing projects that you can type up, print out...an outline of what your ideas are... and bring a copy to...the redemption center...
just a simple review qualifies you to be able to receive the contract rate on your dinar...
Fitch Ratings: Iraqi banks will not be harmed by the decline in oil prices.
Fitch Ratings confirmed on Saturday that the Iraqi banking sector is not affected by the decline in oil prices due to its lower credit rating.
The agency said in a report seen by Shafaq News Agency that "the indirect effects resulting from the decline in oil prices and weak global growth may lead to a decline in government spending, severely impacting banking operating conditions in most Gulf and Middle Eastern countries."
She added, "The banking sector in Iraq has low credit ratings, with most banks classified as CCC. These ratings are unlikely to be affected by the negative impact of lower oil prices, especially given the central bank's strong ability to support government spending."
The agency noted that "credit conditions in Gulf banks could also deteriorate if profitability and cash flows decline for companies operating in affected sectors. However, they are well-positioned to absorb any deterioration in the operating environment, thanks to the strengthening of their financial reserves in recent years."
Fitch Ratings is one of the largest global rating agencies. Founded in 1914 and headquartered in New York and London, its mission is to assess the creditworthiness of countries and companies and provide reports that help investors determine the risks of loans and investments.
Fitch is one of the world's top three rating agencies, along with Standard & Poor's and Moody' link
Article: "Al-Sudani's advisor: Iraq's foreign exchange reserves are fine"
Quote: "Saleh said, Iraq's foreign currency reserves still have the capacity to cover 100% of the national currency issued, and that commercial efficiency has been achieved...
On March 31, 2025, the Central Bank of Iraq revealed that the central bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023,"
Al-Sudani succeeded in transforming trade relations with Türkiye into investment opportunities.. His advisor
"A transition that is happening for the first time"
The Prime Minister's Advisor for Investment Affairs, Mohammed al-Najjar, affirmed on Saturday that Iraq has become an attractive environment for Turkish investments, noting that Prime Minister Mohammed Shia al-Sudani has succeeded in transforming trade relations with Türkiye into investment opportunities.
Iraq is the first country in which Turkey will invest,” Al-Najjar said in a statement to the official agency, followed by 964 Network. “It is well known that Turkey is the one looking for investment opportunities and requesting investments, but we have succeeded, through government measures, in attracting investment environments in Iraq.” He pointed out that “the opportunities created by the Prime Minister have made Iraq an attractive country for Turkish companies, which constitutes an important platform for a large number of countries to enter and invest in the opportunities available in Iraq.”
He added that "the entry of Turkish investments into Iraq represents a turning point in relations between the two countries. This is the first time that relations have shifted from a commercial aspect to an investment aspect." He pointed out that "there are multiple areas for Turkey to invest in Iraq, including infrastructure, roads, energy, and communications, all of which represent significant opportunities for Turkish companies that have begun to invest, not just in contracting or commercial operations."
Al-Najjar explained that "Iraq has worked to transform its relationship with Türkiye into an investment relationship, including a path to development, which will constitute a fundamental pillar for Turkey as a starting point for investment." link
Al-Alaq: We are working to solve the problem of Visa and MasterCard cards abroad.
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: “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 moved to organize this process, it required a set of measures that must be worked on, so that we put it on the right path and according to acceptable standards. Therefore, there were some pauses 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 a plan to issue cards to small merchants, after completing consultations with companies,” “to accommodate the requests of merchants—a large segment of Iraqi society—to cover their foreign trade without going 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 noted that “the Central Bank, in agreement and consultation with the Treasury and the Federal Reserve, has completed the organization of cash dollar sales operations, 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.” link
Washington Affirms Its Support For Iraq's Sovereignty During The Meeting Between Rubio And Fuad Hussein
US Secretary of State Marco Rubio reiterated his country's support for Iraq's sovereignty on Saturday, which promotes stability in the Middle East.
In a post on Twitter following his meeting with Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein, Rubio said, "A strong, stable, and sovereign Iraq, free from malign influence, is vital to regional stability and the preservation of US interests and opportunities."
He added that he had a "valuable conversation with Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein," praising Iraq's efforts to de-escalate tensions and promote constructive dialogue in the region. https://www.radionawa.com/all-detail.aspx?jimare=41703
We are all waiting for a payday from our IQD investment regardless of how long it takes. I personally have been so disappointed and upset over the time it is taking Iraq to revalue, float or whatever they are going to do with their currency...
The more research I do the more I understand why it is taking so long...Hidden behind the curtains, the US is
embedded right in the middle of the delay. Hopefully the rumors are true that the current administration is trying to help Iraq change things..
US Secretary Of State: A Strong And Stable Iraq Is Vital To The Stability Of The Region.
Saturday, April 26, 2025 | Politics Number of reads: 183 Baghdad / NINA / US Secretary of State Marco Rubio stressed: "A strong, stable, and sovereign Iraq, free from malign influence, is vital to the stability of the region and the preservation of US interests and opportunities therein.
" Rubio said in a post on the "X" website: "I had a valuable dialogue with Iraqi Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein. I commend his efforts to calm tensions and promote constructive dialogue in the region." / End https://ninanews.com/Website/News/Details?Key=1210180
Article: “SPEAKER OF THE ARAB PARLIAMENT TO AL-SUDANI: BAGHDAD IN REALITY IS COMPLETELY DIFFERENT FROM THE MISLEADING MEDIA IMAGE.” Quote: "
...Arab Parliament Speaker Mohammed al-Yamahi on Sunday.
The speaker emphasized that the reality of Baghdad differs sharply from the “misleading and negative images” I have been telling everyone your perception of Iraq today may be stuck on one from thirty years ago. As investors we have to rise to the occasion and see reality.
Iraq has changed so much in just the last couple years. If this progress continues all the prophecies about Iraq are going to come to fruition.
