Wednesday, May 14, 2025
A NEW DIGITAL GATEWAY: IRAQ LAUNCHES FIRST UNIFIED TELECOM TRANSIT ROUTE
A NEW DIGITAL GATEWAY: IRAQ LAUNCHES FIRST UNIFIED TELECOM TRANSIT ROUTE
Iraq has signed a strategic transit agreement with DIL Technology, a Kurdish-licensed firm, to enable seamless data flow across its territory.
The deal, finalized on Thursday by the Ministry of Communications, marks the first time Iraq presents a unified telecom front to international companies. It streamlines the process of transmitting data through the country, eliminating the need for companies to negotiate separately with federal and Kurdish entities.
Hayam Al-Yasiri, the Minister of Communications, said the agreement boosts Iraq’s potential as a secure and efficient alternative to unstable maritime routes, especially amid rising concerns from global telecom providers over regional disruptions.
The newly integrated corridor stretches from the southern port of Al-Faw to the northern border at Ibrahim Khalil border crossing, forming a continuous fiber-optic network under centralized oversight.
The agreement, according to Al-Yasiri, not only enhances Iraq’s appeal to international partners but also supports long-term revenue generation and digital sovereignty.
DIL Technology, which maintains infrastructure across Iraq’s border crossings, will serve as the technical facilitator under the federal ministry’s authority.
MarkZ: There is quite a bit of news mentioning parity , zeros dropping and possibly 1 to 1 rates
MarkZ
[via PDK]
Comment: Rumor is - Iraq is exchanging dollar-for-dollar on the Dinar in country.
MarkZ: There is quite a bit of news mentioning parity , zeros dropping and possibly 1 to 1 rates. I still believe it's going to be higher – but I love hearing these conversations. But if all I got was a buck rate…I would be happy and gone.
[via PDK] Article: “Swift and the Federal Reserve put Iraq at the mercy of the global economy” this points out that Iraq is now “International”
Comment: International requires an RV.
MarkZ: We are waiting for that announcement
OIL DOESN’T FEED THE POOR: WHERE DOES IRAQ’S WEALTH GO?!
OIL DOESN’T FEED THE POOR: WHERE DOES IRAQ’S WEALTH GO?!
In a country with one of the world’s largest oil reserves, scenes of destitution and poverty are still strongly present in the streets and working-class neighborhoods. Iraq, with its vast wealth, is powerless to address the dilemma of poverty, which now affects the lives of millions of citizens. Official statistics indicate that more than a quarter of the population lives below the poverty line. As economic and political crises worsen, the roots of this phenomenon deepen, transforming from a social problem into a real threat to societal stability.
According to a 2024 report by the Iraqi Ministry of Planning, the poverty rate reached approximately 25% nationwide, with higher rates recorded in the southern governorates and conflict-affected areas. In Muthanna Governorate, for example, the rate exceeded 50%, reflecting the magnitude of the economic gap between Iraq’s various regions.
The spread of poverty is attributed to several factors, most notably: high unemployment among young people, a lack of development projects, deteriorating infrastructure, and financial and administrative corruption that has depleted public budgets without affecting the lives of ordinary citizens. The absence of a clear strategy for wealth distribution has deprived large segments of their basic rights to education, healthcare, and adequate housing.
Babylon of Civilization… At the forefront of poverty
in Babylon Governorate, the cradle of civilization and home to the world’s first law stele, Minister of Labor and Social Affairs Ahmed Al-Asadi announced during a joint press conference with Babylon Governor Adnan Fayhan that the governorate has the second-highest poverty rate in Iraq.
This statement sparked a wave of anger against the government and Prime Minister Mohammed Shia al-Sudani’s development plans, especially with Babylon’s inclusion on the World Heritage List, raising questions about development priorities and wealth management.
The Voice of the Poor… A Cry in the Face of Silence
“Umm Ali,” a widow living in a slum in Baghdad, told Video News Agency:
“We live on whatever God provides. My children left school to help me collect empty cans from the street. No one asks about us, and the government doesn’t see us.”
Despite government initiatives such as the social safety net and food basket distribution, experts believe these solutions are temporary and insufficient unless accompanied by real economic reforms that create job opportunities and boost local production.
Umm Hussein, a widow and mother of four, described her suffering to the Video News Agency, saying:
“After my husband’s death, I have no one left to support me. I rely on the social welfare salary, but it is sometimes delayed and sometimes not fully disbursed. I am forced to work cleaning houses to cover school expenses and food.”
Poverty is not just numbers… but a daily pain
. Poverty in Iraq is not just numbers in official reports; it is a daily story experienced by millions in silence and pain. As the challenges mount, there remains an urgent need for a serious stance from the state and society to rescue those drowning in the quagmire of poverty and pave the way for a more just and equitable future.
🇮🇶 OIL PORTS, DOLLARS & DINARS: IRAQ QUIETLY MOVES ON THE GLOBAL CHESSBOARD 🌍💰
🇮🇶 OIL PORTS, DOLLARS & DINARS: IRAQ QUIETLY MOVES ON THE GLOBAL CHESSBOARD 🌍💰
Iraq's seaports just clocked $215.3M in Q1 2025 revenue
Khor Al-Zubair alone pushed out 207 tankers—the crude is flowing
But here’s the kicker: Revenues are dual reported in USD & IQD
Why? Because currency leverage matters in a petrodollar world unraveling
IQD now at 1,320 per USD, inching under pressure—watch the demand side
Grand Faw port set to open in 2026 = Iraq’s next major play in regional trade
Geopolitical risk? Always. But Iraq’s looking beyond war—it’s looking at trade routes
♟️ DECODE: When you report in both currencies, you’re not just showing balance sheets—
you’re telegraphing monetary posture. Iraq’s oil is still king, but its ports are becoming the crown.
⚠️ Watch the Dinar. When shipping lanes stabilize, currencies often follow.
Iraq’s seaports generate +$215M in revenue in 2025 Q1
Shafaq News/ Iraq’s seaports generated over 314 billion Iraqi dinars in revenue during the first quarter of 2025, the General Company for Ports of Iraq announced on Monday.
Director General Farhan Al-Fartousi stated that total earnings from January through March reached 314.33B IQD (about $215.3M), with monthly revenues of 109.26B IQD in January ($74.6M), 98.73B IQD in February ($67.4M), and 106.33B IQD in March ($73M), crediting the gains to robust activity at major ports, including North and South Umm Qasr, Khor Al-Zubair, Abu Flous, and various oil export terminals.
“These figures reflect the impact of our ongoing development strategy to modernize maritime trade infrastructure,” Al-Fartousi remarked, highlighting enhanced cargo handling capacity, upgraded logistics systems, and expanded port facilities as key contributors.
He added that the company remains committed to its broader expansion agenda, which includes modernizing berths, enlarging cargo storage areas, and implementing digital platforms to streamline customs and clearance procedures. “Our broader goal is to strengthen Iraq’s position on the regional and global maritime transport map.”
AL-NUSAIRI: OUR DINAR CONTINUES TO RECOVER UNTIL IT REACHES THE OFFICIAL PRICE.
AL-NUSAIRI: OUR DINAR CONTINUES TO RECOVER UNTIL IT REACHES THE OFFICIAL PRICE.
Economic and banking advisor Samir Al-Nusairi confirmed on Sunday that the Iraqi dinar has been gradually recovering for several weeks due to internal and external reasons that have directly impacted controlling fluctuations in the US dollar exchange rate, regardless of the many reasons that led to its decline and its reaching 10 cents, after the difference between the official and parallel rates had been 20 cents for a long period.
Al-Nusairi pointed out that the main reason for the recovery is the reform policies of the Central Bank and the government in reforming the processes of regulating foreign trade financing, compliance with international standards, and regularity in the global financial system, as well as the new mechanisms for foreign transfers to secure imports and cover them in US dollars and other currencies by dealing directly with correspondent banks through more than 20 Iraqi banks that have opened accounts and banking relationships with these banks.
(Yes, getting off the sanctioned mode of the currency auctions process into regular banking practices like the rest of the world conducts. They are normalizing their financial system)
The Central Bank also succeeded in securing and providing 95% of the demand for the dollar at the official price and covering the needs of citizens for cash dollars and distributing it with transparency, fairness, and strict monitoring, which contributed to reducing the practices of speculators in the informal market.
(The other 5% is going to be completed by June and is not underway as we read about the success and results of doing this in other articles today.)
He added to the important role of the government in implementing its strategy in financial and banking reform, especially the implementation of paragraphs (1-7) included in the government program, in addition to removing opportunities for speculators to manipulate the exchange rate according to administrative, supervisory, and economic policies.
Al-Nusairi bet on the Iraqi dinar’s continued recovery through 2025, following the completion of the banking reform project’s objectives and the Central Bank of Iraq’s third strategy. He also noted that the government will continue implementing its reform and investment programs, attracting more foreign and Arab investments to the country, which have exceeded $88 billion, completing the development path, investing in gas, developing oil projects, and supporting the private industrial sector.
Al-Nusairi concluded his remarks by praising the programs and measures adopted by the Central Bank, which contributed to reducing inflation to 2.8% and maintaining the general price level, which is one of the objectives of monetary policy.
TIDBIT FROM MILITIAMAN
Militia Man
Article quote: "Iran...Removing 4 zeros from the national currency is one of the key measures included in the action plan." Now watch, you're going to have numbers different people on the internet saying, 'it's a LOP.'
If you believe the United States Treasury and the World Bank and the Bank of International Settlements have worked for 21 years to erase the value of the currency? You have to be kidding me..
.Lopping a currency isn't part of a current reform program. It's destroying value.That's not what we're talking about here. We have two really rich countries ...The toman/rial is far less valued than the Iraq dinar...I think this is good.
IRAQI PRESIDENT AND CBI GOVERNOR DISCUSS ECONOMIC REFORMS
IRAQI PRESIDENT AND CBI GOVERNOR DISCUSS ECONOMIC REFORMS
President Abdul Latif Jamal Rashid and Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, met at Baghdad Palace to discuss economic reforms aimed at strengthening Iraq’s financial sector and fostering sustainable growth.
They emphasized the importance of modernizing the banking system, stabilizing the market, and creating a robust financial framework to attract investment and support development.
Full statement from the Office of the Iraqi President:
President Abdul Latif Jamal Rashid met with Central Bank Governor Ali Al-Alaq at Baghdad Palace for a discussion on comprehensive economic reforms designed to strengthen Iraq’s financial sector and promote sustainable economic growth. The meeting focused on the Central Bank’s ongoing efforts to modernize the banking system, address current economic challenges and stabilize the local market. They agreed on the need for a robust financial framework to drive sustainable development and long-term growth.
“As we move forward, a strong financial policy framework will be key to unlocking Iraq’s economic potential,” President Rashid stated. “By fostering a supportive environment for the private sector and leveraging our stability, we can attract investment, generate employment and build a more prosperous future for all Iraqis.”
Governor Al-Alaq expressed his appreciation for the President’s leadership and reaffirmed the Central Bank’s commitment to enhancing financial stability, reforming fiscal policy and supporting national development goals.
The meeting highlighted the importance of continued cooperation between the government and the Central Bank in driving Iraq’s economic transformation and ensuring prosperity for its people.
FIREFLY: Exciting meetings that lead to only one conclusion : RV THE IRAQI DINAR!!
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Mr. Sammy says, think about the importance of this weekend, all the meeting that are being held between Alaq and our President of Iraq.
It is at the palace...Alaq is the trigger man for the rate and he ain't just talking to him about a program rate of 1310...We know the majority of the meeting was held on the monetary reform success.
FRANK: This meeting was very significant...The fact that Alaq and Sudani are also at this meeting with the IMF...
The IMF gives central banks permission to lift the value or change the value for their currency. These are exciting meetings that lead to only one conclusion..
COOPERATION BETWEEN IRAQ AND THE INTERNATIONAL MONETARY FUND
COOPERATION BETWEEN IRAQ AND THE INTERNATIONAL MONETARY FUND
Contracting with consulting firms to support the Public Debt Department
The International Monetary Fund has expressed its readiness to provide technical and advisory support to Iraq in the following areas:
Appointing new staff with higher education degrees to activate the public debt management and financial analysis system.
Determining the most appropriate tax systems for the Iraqi social situation
Iraq and the International Monetary Fund agreed to strengthen relations with foreign correspondent banks in the field of foreign trade financing
An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.
DINAR REVALUATION : BLACK MARKET IN IRAQ IN TROUBLE!!
DINAR REVALUATION : BLACK MARKET IN IRAQ IN TROUBLE!!
Dollar-dinar exchange rate expected to hold steady in Iraq
Shafaq News/ The exchange rate of the US dollar against the Iraqi dinar is expected to stabilize between 140,000 and 143,000 IQD per $100, according to Iraqi economic expert Mohammed al-Hassani.
Speaking to Shafaq News, al-Hassani said the relative stabilization in Iraq’s parallel market is driven by monetary policies implemented by the Central Bank of Iraq (CBI) and ongoing domestic market contraction, which has increased dollar supply amid weakened demand.
“The current range is likely to hold for a while due to these combined factors,” he noted.
However, Al-Hassani pointed out that a return to the official exchange rate set by CBI remains unlikely in the near term, citing continued instability in Iraq’s market conditions.
The US dollar has seen a gradual decline in recent weeks. As of Monday, it traded at 142,500 IQD per $100 on local currency exchanges.
MONETARY POLICY RAISES THE VALUE OF THE DINAR AND REDUCES RELIANCE ON THE PARALLEL MARKET
MONETARY POLICY RAISES THE VALUE OF THE DINAR AND REDUCES RELIANCE ON THE PARALLEL MARKET
The Iraqi dinar has recently recorded strong performance against the dollar, driven by a series of monetary measures adopted by the Central Bank, which have contributed to reducing demand for hard currency in the parallel market and enhancing the confidence of traders in official channels. This improvement comes amid ongoing government efforts to consolidate financial stability and stimulate business activity through effective monetary instruments and transparent and direct financing mechanisms.
Deputy Governor of the Central Bank of Kuwait, Dr. Ammar Hamad, confirmed to Al-Sabah that this increase reflects the success of the monetary policy pursued by the bank in reducing reliance on the parallel market and providing safe and transparent sources of financing for foreign trade. He explained that this policy has enabled the commercial family to obtain dollars through official channels that adhere to international standards, without having to resort to the unregulated market.
Hamad noted that the Central Bank continues to work toward consolidating the local banking system and raising its operational efficiency to levels consistent with international banking standards, making it a fundamental pillar in driving economic development in Iraq. He added that the bank is adopting advanced mechanisms that enable banks to offer diverse banking products that support various economic sectors and facilitate financing and cash flow operations.
For his part, the Prime Minister’s Advisor for Financial Affairs, Dr. Mazhar Mohammed Salih, explained that a number of factors contributed to strengthening the value of the dinar, most notably the weak demand for the dollar in the parallel market, as a result of the Central Bank’s policies regarding financing foreign trade for the private sector. He explained that the bank strengthens Iraqi banks’ dollar balances through their correspondents abroad, especially banks with a high credit rating (AAA), which speeds up the execution of international transfers and reduces the need for dollars in the local market. He also indicated that the move towards using alternative currencies such as the euro, yuan, dirham, and lira in banking transactions has helped reduce excessive reliance on the dollar.
(Getting ready to change the peg from the sole peg to the US dollar to a basket of currencies. Get ready! 😊)
Saleh also noted that enabling small businesses to access financing sources directly through Iraqi banks, without costly intermediaries, has helped reduce operating costs and improved commercial efficiency, as this segment represents approximately 60% of private sector trade. He added that travelers can now easily obtain their foreign currency dues via payment cards at a subsidized exchange rate of 1,320 dinars to the dollar, in addition to the ability to receive dollars in cash at Iraqi airports, which has eased pressure on the parallel market.
In the same context, economic expert Nazir Al-Saadi emphasized that the money transfer services provided by the Central Bank have become safer and more effective, which has prompted business families to move away from the parallel market, which is characterized by significant risks and high costs. He explained that relying on official transfers not only ensures the safety of transactions, but also reduces the final cost of imports, which is positively reflected in the prices offered to consumers. He added that random transfers from the parallel market often caused losses to importers due to failure to implement them or due to price fluctuations, while the Central Bank mechanism provides a stable financial system that preserves the value of the currency and reduces Opportunities for manipulation.
Global Currency Reset
Global Currency Reset
- Reliable sources confirm that money has already begun to circulate discreetly through the global network.
- On Mon, 5 May, bondholders received liquidity under strict non-disclosure agreements (NDAs). Meanwhile, the dinar and the dong are being traded on Middle Eastern corridors, in an undisclosed but very real manner.
- Mon. 12 May marked the ignition point. From this moment on, the Quantum Financial System begins synchronization. Layer Tier 4B notifications (we, the Internet Group) are ready. Everything is set. The channels are secure. The next step is delivery.
- The following events are expected between Mon, 12 May 12 & Wed, 14 May:
– Activation of the Emergency Broadcast System on phones
– Direct access via email or portal with instructions to schedule an exchange
– Confirmation discreetly posted to select VR Intelligence Centers
- After notification, you will have 10 days to schedule your appointment and until May 31 to complete it.
• Only Redemption Centers can process ZIM bonds
• Redemption Centers offer enhanced sovereign rates
• Regular bank exchanges will be limited and will yield lower market rates.
- All ZIM redemptions end on Saturday, May 31. After this period, ZIM will no longer be eligible and redeemable; only basic currency exchanges will be possible.
- This is not speculation. This is the schedule. This is the protocol. The system is live. The movement has begun. The silence is intentional. Prepare calmly. Observe carefully.
- From here everything accelerates. Your time is approaching. Instructions will come to you.
🌟 FIREFLY UPDATE: Iraq’s Currency Shake-Up Could Reshape the Economy 💰 #frank26 #dinarrevaluation
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