SANDY INGRAM : Why the Iraqi Dinar Still Isn’t on Forex: Key Reasons Behind the Delay #iraq #iqd

 

The Parliamentary Finance Committee expects the budget tables to reach Parliament soon and an extraordinary session to be held.

 The Parliamentary Finance Committee expects the budget tables to reach Parliament soon and an extraordinary session to be held. 

Member of the Parliamentary Finance Committee, Representative Jamal Kojer, expects that the tables of the General Budget Law for the year (2025) will reach the House of Representatives soon.

In a press statement, Kocher indicated that "the arrival of the budget schedules is linked to the government's completion of the official preparation process," stressing "the parliament's readiness to hold an extraordinary session as soon as the schedules are officially received, with the aim of discussing and approving them quickly." 

He explained that "the Finance Committee does not expect the session to witness a lengthy or in-depth discussion regarding the new budget schedules, given that they will not witness any fundamental changes compared to last year's budget, which was approved over three years without any significant amendments. 

He pointed out that this reflects a clear trend in Parliament towards facilitating the procedures for approving the schedules with the aim of ensuring the rapid activation of financial spending and the continued implementation of projects and services during the remaining period of the year."

Kocher also noted that even if there are some minor amendments to the draft budget, the prevailing trend is to pass the law as it was presented by the government, in order to preserve the stability of the financial and economic process and avoid any delays that could negatively impact government performance and citizens' needs.   LINK

Bruce’s Big Call Dinar Intel Tuesday Night 6-10-25

 Bruce’s Big Call Dinar Intel Tuesday Night 6-10-25  

Transcribed by WiserNow

Welcome everybody to the big call tonight. It is Tuesday, June the 10th, and you’re listening to the big call. Thanks for tuning in again, everybody. We’re excited to have another call tonight, even though we didn’t think we would necessarily be here tonight, we are, and we’ve got a lot of good information to impart to everybody tonight, so fast in your seat belt, some drink water. Little unsweet tea. And let’s go ahead and pray the call in

I tell how old I am, they go, you don’t, you don’t look like 71. And you sure don’t act like, Well, that’s true. I don’t act like that. But what’s really good is that we’re going to be taking advantage of this.

And I think what Jeannie said in her prayer and praise message tonight that it should be soon.  We have been so close to getting started –  that we were like and all of a sudden “boop”  something else. Something else happened.

Well, I think they’re running out of things to throw at us. So let’s, let’s believe that we are going coming into this very soon.

I want to tackle one question that Bob brought up to me from a big call listener in Oklahoma, Oklahoma with, you know, now I live in Oklahoma, and to be fair to those from Oklahoma, really an Okie. I don’t really sound like an Okie, but I love the people here. I love the churches here. I get along well with everybody, but this gentleman was asking about Wells Fargo, because they ain’t no Wells Fargo banks in Oklahoma !!

There aren’t any banks  – Wells Fargo Banks here –

How are we going to do that? Well, guess what? They do have  wealth management offices for Wells Fargo, Oklahoma. Now I don’t know about oak city, but I know Tulsa, and I know where it is in Tulsa. Now it’s not like there’s a bunch of them or anything, but they have a presence here.

Now this is the point of me making this message to you, even though the big five banks – Well, Fargo Chase –  Bank of America – Citi – and truist bank, or our Big Top, top tier banks, or tier one banks With Bucha Santander Bank also kind of in that group, but that’s more based on Mexico and Latin America. Okay, we have some here, and there’ll be more in the US, but right now we have other banking institutions that are connected to or adjacent to or close to redemption centers.

So in some cases, there might be a Chase Bank that is connected to a redemption center, but next to it, or even connected to it, could be a redemption center – guess who’s running the redemption center?   

It’s not Chase, it’s Wells Fargo. So even if you don’t have a Wells Fargo Bank where you live, you have Wells Fargo over the redemption center where you live, centers across the United States, I know that’s our primary audience right now. Is the US –  All of them have Wells Fargo representatives in there that will do our exchanges

Now, let’s say you’re in Oklahoma, and you’re you do your exchange at a redemption center. You redeem your zim if you have it, and you’re put, you know, and you’ve got a Wells Fargo accounts. Most of what you’ll do in the future does not require retail banking. You’re in a different level after this goes you’re the level where you would have a premier banker. Should you want one –

A premier that’s what they that they’ve renamed the wealth management to premier banking. You’ll have that premier banking, and you can bank with that individual if you want, or just do your banking online if you want to.

And that’s what the new Q phones, those satellite phone that work on the Starlink satellite system will operate on and they will be able to safely transact even using a phone like this Q phone, the satellite phone that we’re going to get if you’re a zim holder you get one at the redemption center. If they run out or you they don’t have the phone for you, they’ll give you a certificate to get a free phone somewhere in T Mobile that has been working with these phones since  Elon Musk saved President Trump’s desire for western North Carolina after Helene came through and A bunch of people were stranded. They didn’t have cell service, they didn’t have anything. They didn’t have electricity.

Well,Elon, hook them up. I think it was about 18,000 of those Q phones, essentially same thing we’re going to get the Q phone with for those people to operate free for 90 days with T Mobile. Now they have that offer out. Now T Mobile, does you get a 90 day deal? And I think after that, it’s like only $10 a month, which doesn’t make sense, but that’s what it is. That’s what it is

If we get our deal and it’s a 90 day free, and then 10 bucks a month after that, so be it fantastic. That is the current offer that’s out now, and it’s the same phone that we’re going to be offered at the redemption center, if you’re a zim holderl, okay, just saying,

Now that really helped, the fact that Elon, Elon put that together through the Starlink satellite system, which is what it operates on. And, you know, through T Mobile, it just worked out great. I’m so glad he did that. It’s tremendous.

All right, so let’s go back. Don’t worry if you don’t have a Wells Fargo Bank, and if you love your other tier one bank or tier two bank, even for that matter, you can get this connected to your quantum accounts through your quantum access card.

You supposedly have three banks that you can attach to that card. Wells, say number one – Chase, you might add Bank of America, you might and Truist to it  you know, like I said, it’s comfortable for us, you know, after you master trust and my master account with Wells and four sub accounts under LLCs with Wells, blah, blah, blah, sell that up, and then I’ll be able to move funds around and move into those accounts and use those accounts accordingly – with a credit debit card for each for each of those four or five accounts.

So separate one designated for each one. Keep up with that. That’s just the way my attorney and I have set up. So don’t worry about it. If you only have Wells, if you’re in Oklahoma, if you have a lot of listeners in Oklahoma, and overall, and you know, it’s going to be fine. And if you want to use another bank, if you feel comfortable with another bank of size Wells, by all means, add it to your quantum card.

Throw some money in there. Possess yourself a little bit. You know, in what you’re doing, remember, you’re going to have R and R money coming in. You’re going to have your DOGE  payment coming. You’re going to have your increase in Social Security still to be this month, even though it’s the 10th of June. Tomorrow’s the 11th, which is a Wednesday, a Social Security busy. But let’s see whether you need to get paid tomorrow on social whether they get their increase or not.

My understanding our social security contact is that we’ll have an increase of 85 or 90% above now in Social Security at age 62 over. Okay, if you’re getting it at age 62 or three. If you’re getting at a 65 or 70, great, whatever it is, whatever you’re getting now, figure out an 85 to a 90% increase, depending on eight or your year of birth. And I can’t tell you exactly what it is. I don’t want to be wrong.

This is fresh from Social Security Department yesterday that we have a contact that we talked to. So look forward. My point is, there will be funds coming to you outside of your actual currency exchange, and zim redemption – you could see some other banks or some other accounts with some of that money system is d**d to the quantum financial system, and all of our accounts are now in USN, no longer designated as USD, so no longer fiat currency, but rather United States Treasury notes or United States Notes designation. That’s good, but we’re getting it. That’s part of NESARA

The other thing that’s gone, IMF, IRS is gone, but we’ll see what how it comes out to us on this whole taxation issue. What Nasara said about a consumption tax of about 14 to 15% on new items that we buy? Oh, no, really, you spend a million dollars a year in new items.

Would you rather pay 15% in the price of an item that you spent a million dollars on this new versus spending 4050, 60% of your income in taxes. Hello, if you’re going to be making real money, which you will even in interest from the bank that’s earned interest income, Schedule B, are better off for the consumptions a year on new things, whatever if you do, you do, if you don’t use new homes, use homes or previously owned homes, no tax previously owned cars, there’d be no tax, so we’ll see when that kicks in.

Now, let’s round this thing up. I’m going to come in from the back of this. June 14 is 50 year anniversary of the of the army. It’s Flag Day and President Trump’s birthday. That’s this Saturday 14.

You guys know about the parade  that’s going to take place Saturday in Washington, DC. We’ve got equipment and soldiers military coming from nine different military bases throughout the country. Yeah, there’s tanks loaded up on trains from Texas coming all the way up to DC, and they got those special hard plastic things that they put on the tank threads so that they can drive them on the streets without tearing the street apart. So they’ll have those, and it’s going to be great.

Now, I don’t know what time the parade starts. It might be at nine or 10. Well, we’ll catch it, but it should be on Fox. It should be on on Newsmax. I think it’ll be covered on one American news. It’ll be, it should be a lot of channels. I toggle between Newsmax and one America news. That’s what I’ve toggled between now. So you’ve got  that on the 14th now.

What else could happen, as we believe we’re hearing on the is the beginning of the rollout of NESARA, and it should roll out between June 14 and July 4, or people are made aware of it, where people are able to respond accordingly to what’s included in the Sara let’s just see it actually is the release date, meaning we should get an announcement about the USN, our new currency, the ustn, United States Treasury note, which is already in the bank and has been in there for two years. Same thing as redemption centers. It’s been there centers, so let’s see it comes together.

Now let’s go back and see where we where we are since last Thursday on Thursdays call that information, telling us that we would be getting notified either Tuesday or Wednesday, today or tomorrow for our 800 numbers, and set our appointment in, oh, quite possibly, would have been Wednesday, Thursday.

Now, what has happened since Thursday? Well, if you’ve seen what’s happening on insurrections or r***s in LA, that is, I think that has slowed us down a few days. It wasn’t supposed to, but we’ve got to put an end to that, that insurrection, and that’s why you’ve got 7000 Marines really coming from. Think it’s PS twenty nine in the Palm Springs, California area training 30\40, miles south of LA right now.

And, yeah, look, if the Marines come in, they’re gonna they use rubber bullets, let me put it that way, so we hope they don’t have to really be used in that capacity, because it’s Still a little reality.

But what’s happened is these protesters are actually doing more than protesting. They’re v*****t, in a lot of cases, throwing cinder block, pieces rocks, bottles of ice water that are frozen, bottles of water and everything at ICE agents and military. Well, not even military, but the reserve troops, they’re there. And so happening with that is they were to be paid, or have been paid through some agency Fund that, of course, they know where the source of the money is, and they shut that down.

But that area, guys, we’re gonna have the Olympics there three years. Come on, going on. We got to do construction to do you’ve got fire and fire President Trump could do the governor picture, doing those guys don’t and you guys live in California. And so what I’m going to say is, I think we are moving forward, but  we got ot put an end to the insurrection

Now, there are other cities, keeping an eye on hot spots we’ve got people there. What’s going on? I think some of those areas before that, they’ll be shut down before they even get started.

So we’ll have to see how that goes. Now, let’s our timing. We heard this afternoon also our Iraqi spoke with contact in Iraq who spoke with and has been speaking with ALAK of the Central Bank of Iraq, and they theoretically renamed the CBI, SBI of Iraq – Sovereign Bank of Iraq – . But nobody calls it that. Yet it’s still CBI to them. That’s fine.

But ALAK is saying that the Iraqi didn’t they want to become an 80% digital currency. 80% digital today – ALAK said there’s 78% it’s only two more percent to go.  He indicated more days, 48 hours to get to get to 80% digital in Iraq. Okay, let’s say that’s v Wednesday /Thursday. By sometime Thursday, we could be there. He said we  could and would  start with the RV with notifications Friday or Saturday.

Obviously Friday, but I’ll also tell you, will the parade in DC for Flag Day and Trump’s birthday be a distraction for either numbers coming out or of possible exchanges that we do  and they do not want someone  going willy nilly it all over the country if there’s insurrection going on.

So this was a move by the d********e not only to try to get ice to cut down or slowvdown or not do what they would pick up i*****l alien criminals, but it was also a way to slow down and prevent the RV from taking place.

Now they’re not going to win at that, but they did slow down, possibly for a day or two, if you want to look at it that way, I think that even told, everything is on a sort of an automatic timer, that I wonder if, if that timer could be stopped or restarted from time to time, all based on algorithms and everything like that. But I think their intention is to release the numbers to us either Friday or Saturday

As for rigth now –  that’swhat we got for today we’ve got Fri Sat  with possible exchanges Saturday –  or very early next week, which would be, what 16th and 17th? Right? Monday, Tuesday.

So let’s hope we get notified Friday with the toll free numbers, I’ll get the numbers out as we can to get your own emails, and then we’ll also have it on the website  big call universe.com We’ll put the 800 number on that as well, so you’ll see there. All right, let’s see, is there anything else? That is the gist of what we’re talking about tonight?

Keep an eye out  for anything that you’ve seen that looks strange? I don’t expect anything – I think it would get squashed if there was any more rioting – or insurrections and so on. They’re not going to win it – the QFS –  inter connectivity of the Satellite StarLink system – everything is in place  to begin for us –

It’s all coming together – all of these  currencies around the globe are actually going to be digital as well, not just just the Dinar – USN – every body is going to have a digital currency. It’s hard for me to tell exactly what role the cryptocurrencies are going to play yet, but they are part of this. Crypto is what we’re going to experience with our new USN and our USTN currency and so on. So we’ll see how that goes.

Oh, watch out Edmonton. I’m not watching it, but I’m hearing about it. They’re doing really well. So let’s see how they do tomorrow night in Florida, everything gets evened up in the hockey world.

Otherwise, guys, let’s pray to call out. We’re  ready for that, aren’t we? Yes, let me see if I got a phone here.  Everybody. Have a great time tonight. Let’s keep praying for peace, not only here, but the peace of Jerusalem. All right. God bless you all. Let’s turn off the recording.

Bruce’s Big Call Dinar Intel Tuesday Night 6-10-25
REPLAY LINK Intel Begins 1:17:07

DINAR REVALUATION REPORT: 🇮🇶 The 3 Phases of the Iraqi Dinar Exchange Rate Reform EXPLAINED #iqd

 

The Central Bank of Iraq announces the latest statistics on its foreign exchange reserves.

 The Central Bank of Iraq announces the latest statistics on its foreign exchange reserves. 

The Central Bank of Iraq announced, on Wednesday, an increase in its foreign currency reserves during May 2025.

The bank stated in official statistics, reviewed by Shafaq News Agency, that "the Central Bank's foreign reserves as of May 22 of this year amounted to $98.83 billion, equivalent to 128.479 trillion Iraqi dinars, an increase from May 1, when reserves amounted to $97.943 billion, or the equivalent of 127.326 trillion dinars."

He added, "These reserves also increased from April, when they reached $98.089 billion, equivalent to 127.516 trillion dinars."

The bank indicated that "reserves decreased from last year's 2024 figure of $100.276 billion, or the equivalent of 130.347 trillion dinars, and are also lower than the 2023 figure of $111.736 billion, or the equivalent of 145.257 trillion dinars."   LINK

ARIEL: The World is about to Change

 Breaking News: The World Is About To Change

Impact on Stablecoin Bill and SEC Ripple Case

The U.S.-China deal’s inclusion of rare earths and magnets, critical for technological infrastructure, strengthens the economic leverage needed to push the Stablecoin Bill through Congress.

 This legislation, aimed at regulating stablecoins to create a decentralized digital currency framework, benefits from the deal’s tariff structure (55% on China, 10% on the U.S.), which pressures China to align with U.S. financial standards, reducing its control over global crypto markets. Simultaneously, the SEC Ripple case, centered on classifying XRP as a security, gains resolution momentum as the deal’s economic stability signals a shift toward regulatory clarity.

 A 2025 internal Treasury memo (leaked) suggests that the deal’s upfront resource commitments force the SEC to expedite a settlement, favoring Ripple’s decentralized model over centralized banking interests. This undermines the R*********s’ influence, which relies on centralized fiat systems to maintain their global financial dominance.

Advancement of the GENIUS Act

The GENIUS Act, designed to foster innovation through tax incentives for STEM education, directly benefits from the deal’s provision allowing Chinese students into U.S. colleges and universities.

 This influx of talent, coupled with the economic boost from tariffs and resource exchanges, accelerates technological breakthroughs, particularly in blockchain and AI, which align with the Act’s goals. A 2024 Department of Education analysis (suppressed) indicates that Chinese student programs have historically driven U.S. innovation, and Trump’s endorsement of this arrangement ensures funding and political support for GENIUS.

 The deal’s stability reduces reliance on foreign tech monopolies, empowering domestic innovation to challenge the R*********s’ financial chokehold, which thrives on controlling technological dependency through debt-based economies.

Defeating the R*********s Banking Cartel with a Gold Standard

The U.S.-China deal lays the groundwork for returning to a gold standard, a move that threatens the R*********s’ banking cartel, which has profited for centuries from fiat currency m**********n. The deal’s rare earth supply and tariff revenue provide the economic backbone to back a new currency with tangible assets, diminishing the cartel’s ability to print money and inflate debt.

 A 2025 economic forecast (obtained from a retired Federal Reserve analyst) predicts that a gold-backed dollar, supported by China’s resources, could reduce global debt by 30% within five years, severing the R*********s’ control over central banks like the Federal Reserve. 

This shift, combined with stablecoin regulation and Ripple’s success, decentralizes finance, s*******g the cartel of its intermediary power. Long-term, this alliance with China could isolate the R*********s’ European financial hubs, forcing a reconfiguration of global power toward asset-based economies, a prospect they cannot counter without their fiat leverage.

Critical Analysis of Mainstream Narratives

M**************a portrays the U.S.-China deal as a trade victory, ignoring its potential to reshape financial systems and challenge entrenched banking elites like the R*********s. The focus on tariffs and student exchanges obscures the strategic intent to undermine fiat currency dominance, with outlets dismissing gold standard talks as impractical. This narrative serves to protect the cartel’s interests, delaying public awareness of the deal’s deeper implications.

Iraq is getting closer to membership in the World Trade Organization!! #iqd # #iraqidinar #iraq

 

Mazhar Saleh: Stabilizing inflation is one of the most notable successes of Iraq's economic policy.

 Mazhar Saleh: Stabilizing inflation is one of the most notable successes of Iraq's economic policy. 

6/11/2025

 The Prime Minister's economic advisor, Mazhar Mohammed Salih, confirmed that one of the most significant successes of Iraq's economic policy this year has been the stability of the general price level, or inflation, growth rate. He noted that the annual inflation rate is approaching, for the first time in many years, the natural break in price growth, which amounts to about 3% or less, according to statistical inflation indicators.

 Saleh explained in an interview with Al Furat News Agency that "this significant price stability is due to the combination of economic policy objectives to maintain the purchasing power of citizens' cash income and overall macroeconomic indicators, which represents an addition to real income for citizens and a good indicator of the investment and business climate. "  

He pointed out that "among the factors that contributed to achieving these successes is the general budget's allocation of price support within fiscal policy, which constitutes more than 13% of GDP. This is a high and significant percentage, and goes towards subsidizing the prices of government services, in addition to fuel and food basket subsidies, farmer support, and other types of support."   LINK

JUDY NOTES

 Possible Timing Global Currency Reset

• Sat. 14 June is Flag Day, the 250th year anniversary of the Military and Trump’s birthday. Also on the 14th was the beginning of the rollout of NESARA that would go to July 4. The day could also include announcement of the new gold-backed USN.

• Sun. 15 June 2025 EBS Goes Live according to F*I Director Kash Patel: “Each citizen will receive a one-time secure code, instructions for wallet activation, confirmation of debt wipe status and access to the sovereign fund dashboard.” Mid June 2025 Under Trump’s Patriot Wealth Directive, Restitution & Reparation (R&R) payouts begin mid-June — gold-backed compensation for every theft you endured: IRS fraud, banking a***e, v*****e injury.

• Around Sun. 15 and Mon. 16 June 2025 expect minor banking downtimes, signaling the final switchover to full QFS integration.

• It’s official: As of Mon. June 23, 2025, Redemption Centers will begin processing live appointments under full GESARA protocol. According to sources inside two U.S. Treasury branches, the schedule is already being populated with approved Tier 4B participants. This is the moment we’ve all prepared for. …Emergency Broadcast System, White Hats on Telegram

• Between Sun. 29 June and Fri. 4 July 2025 expect an EBS Bank Blackout Period while systems adjusted to the new currency rates and Global Financial System.

• Fri. 4 July 2025: Public rollout of Global Currency Reset.

Chase Bank’s is showing fixed exchange rates of $40 per IQD and $2.51 per VND #iqd #iraq

 

Al-Karawi: We filed a lawsuit against the government due to the delay in the budget schedules

 Al-Karawi: We filed a lawsuit against the government due to the delay in the budget schedules

Member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, revealed today, Tuesday, that the committee has filed a lawsuit against the government due to its delay in sending the budget schedules.

Al-Karaawi said in a statement to / Al-Maalouma / agency, that “the suspension of new employment and appointments is based on Article (14) of the Budget Law, which stipulates the suspension of contracting and appointment, with the exception of 150 job grades regulated within the budget text, in addition to some excluded categories in institutions affiliated with the Ministry of Education.”

He explained that "these exceptions have already been implemented or government institutions have begun implementing them. As for new contracts or daily wages, there is no explicit text in the budget that allows them to proceed with them, which makes them a subject of continuous discussion in Parliament sessions, especially with regard to the confirmation of contracts."

He added that "the first half of the year is about to end, and the budget has not yet been included on Parliament's agenda," stressing that "this matter constitutes a clear violation of the Budget Law, especially Article 77/Second Paragraph."

He pointed out that he "filed a lawsuit with the Public Prosecution Office more than two weeks ago, due to the delay in sending the budget and the existence of financial violations related to the Kurdistan Regional Government's allocations, as more than 4 trillion dinars spent were above the approved allocations."
Al-Karawi confirmed that "the Public Prosecution Office has begun investigation procedures to find a solution to the crisis," suggesting that the reason for the government's delay in sending the budget is the lack of financial liquidity and the absence of real solutions to the financing and cash crises, in addition to ignoring fluctuations in oil prices.

It is noteworthy that the budget for the years (2023-2025) was legislated in a three-part formula for the first time in Iraq's history, but the government has not sent its annual schedules yet, which has sparked angry parliamentary and popular reactions.  link

MR. POOL UPDATE

 Tues. 10 June 2025

 In the last 24 hours, nine major global trading platforms experienced simultaneous “maintenance outages.”

 But internal intercepts confirm the cause was not maintenance — it was forced shutdown by Alliance cyber divisions targeting AI-managed liquidity loops used for laundering stolen humanitarian funds. …Mr. Pool on Telegram

• The names tied to those loops are no longer anonymous. Interpol, Space Force, and Russian GRU have initiated synchronized takedown sequences across four continents.

• Former IMF directors, NGO founders, and private equity operatives are being extracted. Some with diplomatic passports. None with escape routes left.

• Meanwhile, QFS validators in Kazakhstan, Serbia, and Argentina have gone live — part of Phase IV regional stabilization.

• These nodes are absorbing capital outflows from collapsing fiat systems, redirecting real-value assets into secure quantum reserves.

• This isn’t redistribution. It’s reclamation.

• Further east, the Bank of Japan has gone quiet. Not a single press release. Not a single update. Their gold-backed CBDC was rejected by the QFS firewall 36 hours after launch. Why? Because the collateral was counterfeit — a synthetic derivative shielded by trilateral commission networks.

• It’s over. And still, the media clings to theater. The only thing holding the illusion in place now is public perception. But even that is cracking.

• Massive wealth transfers are happening through pre-cleared QFS channels — directly to sovereign accounts. None of it passes through traditional banks. None of it can be stopped.

• The Rainbow Economy is expanding faster than predicted. Rainbow Tokens, now backed by vaulted assets in twelve underground alliance-controlled facilities, are surpassing fiat in regional trade blocks across Africa and Central Asia.

• The petrodollar is being bypassed. The SWIFT system is ghost traffic. Every move they make is tracked. Every loophole is closing. The more they scramble, the faster they sink.

• The Great Reset they planned has been hijacked by the Great Restoration already in motion.

• There will be no broadcast warning. Just a final shift. Be ready when the silence breaks.

GINGER: I've been told that the last 58 of these trigger platforms are currently in "finishing mode"

 

Parliamentary Legal Committee: No serious steps have been taken to pass the Oil and Gas Law yet.

 Parliamentary Legal Committee: No serious steps have been taken to pass the Oil and Gas Law yet.

Parliamentary Legal Committee member Dara Sekanyani confirmed on Wednesday that no serious steps have been taken to pass the oil and gas law. He noted that passing the law requires consensus and understanding between the parties, something that has not yet been achieved.

“All parties are talking about the importance of approving and passing the oil and gas law, which was included in the government’s work program and was scheduled to be passed, but no serious steps have been taken to pass it yet,” Sekanyani said in a press statement. He explained that “passing the oil and gas law concerns all of Iraq and requires understanding between all parties. It requires some kind of agreement and consensus, but so far this consensus and understanding has not been achieved between the political parties in Iraq and the region.”

He added, "If the oil and gas law is passed, the oil and gas issue between the Kurdistan Regional Government and the federal government will be resolved, and some of the issues between them will be resolved, provided that all parties commit to implementing the law after its passage."  link

TIDBIT FROM WALKINGSTICK

 Walkingstick 

 Remember, the value of their currency is items [assets] tapped and items untapped.  Therefore, it is far more than what they are registering.. .

All resources in Iraq as whole whether they are mined or unmanned, tapped or untapped, oil and gas resources, all of this counts towards their reserves and towards the value of their currency.

SANDY INGRAM : Why the Iraqi Dinar Still Isn’t on Forex: Key Reasons Behind the Delay #iraq #iqd

 

FRANK26: "THIS IS PART OF THE MONETARY REFORM AND TO LEAVE THE BORDERS"

 KTFA

FRANK26: "THIS IS PART OF THE MONETARY REFORM AND TO LEAVE THE BORDERS".....F26

Iraq joins the club of advanced countries in electronic payments with 22 million bank cards

 

6/9/2025

 

Nabil Al Najjar, head of the electronic payments team, announced that Iraq has become one of the most advanced countries in this field, thanks to decisive government decisions and support from the Central Bank and the financial sector. He noted that the number of bank cards has exceeded 22 million, and that their usage is constantly increasing, with intensive efforts to deploy electronic payment devices throughout the country.

 

Al-Najjar said in a press statement, "The electronic payment project was not a spur-of-the-moment project. Rather, it was the result of prior preparations that paved the way for Iraq's advancement in this field, despite its late entry, like the rest of the world. However, today we are among the advanced countries that use electronic payment tools."
He explained that the success of this project depended on two key factors: desire and decision-making, adding, "The government's desire came in 2023, specifically on January 18, with a decision to transform Iraq's economic front from a paper-based cash system to an electronic payments system. Thus, we began gradually."
He pointed out that the first experiment to impose the use of electronic payment was at gas stations, saying, "The first experiment was on a single day in June 2023, regarding the issue of forcing gas stations to use electronic payment tools. We certainly encountered problems at first. The project is new and faces many challenges."

He pointed out that "the will was vested in the Central Bank of Iraq and the financial sector as a whole—banks and electronic payment companies, which have contributed significantly to shifting the economy from cash to cashless."

He continued: "The number of cards, according to the statistics available to us, has exceeded 22 million, and thus this number is constantly increasing. The coming days will witness a higher rate of increase, given that on July 1, cash will no longer be accepted at all state institutions. While cash is currently available, it will be available in its entirety, including at gas stations."

Regarding card usage, Al-Najjar explained that "the number of cards in use exceeds 17 to 18 million, and the situation is on the rise. We're talking about more than 40% of citizens using electronic payment tools, and the coming days will witness further change."

He added, "Most citizens own more than one card from more than one company and more than one bank. Their use is limited, and some only use them at government institutions. We need to educate more about the use of these cards in commercial markets and shops. This issue falls on us to raise awareness about the culture of electronic payment."

In this context, Al-Najjar announced a new campaign to spread the culture of electronic payment, saying, "I announce that the "We Will Reach You" campaign, which was launched on January 11, 2025, will be available in the coming days, at the beginning of next month or the end of this month. We will be present in the Kurdistan Region to spread the culture of electronic payment widely."

He explained that Iraq is striving to achieve global standards in this field, saying, "The global system speaks of one POS device for every 37 citizens. Today, in Iraq, we are striving to reach this point by deploying POS devices in shops, large and small markets, and even among kiosk owners."

He pointed out that "electronic payment companies are trying to make these devices available and encourage their use by citizens through loyalty programs launched by companies and banking institutions."

Regarding the situation in the Kurdistan Region, Al-Najjar said: "Today, the Kurdistan Region has entered the localization phase, so the POS deployment phases will be faster and more acceptable to the public, given that they have already gone through this experience in previous phases, but today it is becoming widespread."

He explained that the devices are often distributed free of charge, and that sometimes a small insurance fee of no more than 200,000 to 300,000 dinars is imposed, which is refunded when the device is returned without defects.

Al-Najjar considered Halabja Governorate to represent a strategic launch for the "We Reach You" campaign, explaining: "Today, Halabja Governorate is a new Iraqi governorate. We used to have 18 governorates, now we have 19. Therefore, our people in the Kurdistan Region have a significant share of the electronic payment culture."

He continued: "Choosing Halabja Governorate to launch the "We Will Reach You" campaign from this governorate is a move towards the Kurdistan Region, and also the northern regions of Iraq. I mean here the areas bordering the Kurdistan Region: Mosul, Kirkuk, Salah al-Din, and also the other governorates."

Al-Najjar confirmed that this campaign is being directly sponsored by the Central Bank of Iraq and supported by several financial institutions, including the Bank of Baghdad, the Development Bank, Arab Bank, K-Card, Rafidain Bank, Al-Saqi Bank, Bank of the South, Amwal Bank, Al-Ahli Bank, and others.

He concluded his remarks by pointing out that "banking financial institutions and electronic payment companies are sparing no effort to motivate citizens through loyalty programs, under the direct supervision of the Central Bank of Iraq, the Payments Department, the Financial Inclusion Division, and other relevant departments, with the goal of delivering financial services directly to citizens."

 

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