Monday, July 7, 2025
THE FINANCIAL INCLUSION RATE IN IRAQ EXCEEDED 46%.
THE FINANCIAL INCLUSION RATE IN IRAQ EXCEEDED 46%.
The Iraqi Private Banks Association noted the success of the basic requirements for implementing advanced standards in combating money laundering, based on the principle of knowing the customer and the sources of their funds.
In a press interview, Wadih Al-Handhal, head of the association, said, “The Central Bank of Iraq is moving forward in implementing compliance standards and enhancing financial inclusion in the banking sector. The Association of Banks also supports ongoing awareness-raising efforts on financial inclusion.”
He added, “The Middle East and North Africa Financial Action Task Force (MENAFATF) has transformed Iraq from a grey zone to a monitoring zone, which is true evidence that Iraq has made significant progress in enhancing financial inclusion and combating money laundering and terrorist financing.”
He explained, “The need for legal legislation still exists, and we must move forward in the field of human cadres training to keep pace with the rapid digital and technological transformation in the world.”
Regarding the financial inclusion rates achieved by Iraq, Al-Handhal pointed out that, “according to international standards, the current financial inclusion rate in Iraq has exceeded 46% compared to previous years, which is a very significant progress with which we seek to achieve a rate of 90-95% in cooperation with the Central Bank in the near future. The Arab Monetary Fund is also very satisfied with this rate and is monitoring the growth of the banking sector. It considers that Iraq is implementing financial inclusion through a sound mechanism that has contributed to Iraq’s progress in ranking ahead of other countries.”
JUDY NOTES
Global Currency Reset:
- Sat. 5 July 2025 MarkZ: “Two bond people had exchange appointments on Tues. Some Historical Bonds have been paying out, but not nearly in the numbers we wanted to see.”
- Sat. 5 July 2025 Wolverine: “Looks like everythingis ready to go for the Republic on Mon. 7 July. The Pentacostal Group has come out and their back date is Tues. 8 July.”
- Thurs. 3 July 2025 Bruce: Sovereign multi-billion $ Bonds called Super Pachelli have been paying out. The Iraqi Dinar has revalued again and the new rate was on the back screen of the Forex trading. 17 currencies were shown on the front screen of Redemption Centers, rates fluctuating in value. Redemption Center Leaders had a meeting on the timing for Tier4b notification from 4-7pm Thurs. night 3 July. Two Sources over eight Redemption Centers each said that everything was poised to start by Mon. 7 July. Another source said the timeline was a Mon, Tues, Wed start for Tier4b. Tier4b (Us, the Internet Group) could be notified to set appointments by the weekend, but it may not be until next week Tues. or Wed. 9 July.
THE US TREASURY IS PURSUING CORRUPTION FUNDS… AND THE BAGHDAD GOVERNMENT REMAINS SILENT
THE US TREASURY IS PURSUING CORRUPTION FUNDS… AND THE BAGHDAD GOVERNMENT REMAINS SILENT.
An Imminent Crisis in the Iraqi Financial Sector: Has the Phase of Comprehensive Sanctions Begun?
Iraq’s financial system is facing new signs of turmoil after the disruption of salary payments through some electronic payment companies affiliated with government institutions. While the reasons for the disruption appear technical, informed sources confirm that the matter is linked to US investigations targeting Iraqi banks and companies suspected of involvement in money laundering operations abroad, to countries including Turkey, Iran, and the UAE.
The same sources explained that the US Treasury had granted a grace period to a number of private banks and electronic payment companies to rectify their status and comply with international standards for combating money laundering and terrorist financing, including the Financial Action Task Force (FATF) and Know Your Customer (KYC) requirements. However, many of these entities have not demonstrated sufficient seriousness in resolving their cases, opening the door to the inclusion of new names on US sanctions lists in the near future.
This situation threatens to directly disrupt the financial market’s performance, especially if the sanctions affect active institutions relied upon to pay salaries and finance daily commercial activities. Experts expect liquidity within the market to be significantly affected, amid growing concerns about declining public confidence in local banks. This is particularly true with the increased demand for dollars for external transfers or for storage in anticipation of any unexpected developments. This pressure could lead to a decline in the value of the Iraqi dinar and a rise in the dollar on the parallel market, which would impact the prices of goods and services in an already tense economic environment.
Meanwhile, regulatory authorities within Iraq , led by the Central Bank, are preparing to impose stricter oversight on the activities of banks and money transfer companies in an attempt to avoid further escalation. This is particularly true since some technical reports have revealed clear violations in the performance of some banking institutions, including massive financial transfers abroad without legal documentation, the issuance of credit cards to fictitious accounts, and suspicions of financing prohibited activities or smuggling hard currency.
Despite the bleak outlook, observers believe the crisis could mark a turning point in Iraq’s financial reform process. It has become imperative to restructure the private banking sector and impose strict regulatory classifications, along with a comprehensive review of electronic payment companies to ensure their compliance with international standards, and to open the door to broader partnerships with globally licensed financial service providers.
In this context, the crisis may turn into an opportunity to reshape the financial market in Iraq, starting with cleansing the banking environment of unregulated entities and bolstering international institutions’ confidence in the Iraqi transfer and oversight system. The shift toward a more transparent and governed environment is not a luxury, but rather a necessity imposed by both domestic realities and international pressures.
Iraq today stands at a critical crossroads: either integrate into the global financial system on its terms and ensure gradual stability in its banking sector, or continue sliding toward financial isolation, which will have direct repercussions for the lives of citizens and the country’s economy as a whole.
SANDY INGRAM: Iraq’s CBI has Major Announcements and Changes
Iraq’s economic landscape is undergoing significant transformation, spearheaded by proactive measures from the Central Bank of Iraq (CBI).
Recent announcements highlight a series of positive developments aimed at strengthening the national currency, enhancing purchasing power, and bolstering the country’s financial resilience.
One of the foundational steps in improving banking practices across the nation is evident in a recent training workshop held in Erbil. This intensive session focused on “Core Standards for Detecting Counterfeit Currency,” an essential initiative designed to fortify the integrity of Iraq’s financial system and ensure greater security for transactions.
This commitment to meticulous standards underscores the CBI’s dedication to a more robust and trustworthy banking environment.
Beyond operational enhancements, the CBI’s efforts are yielding tangible results in macroeconomic stability. Notably, Iraq has seen inflation rates fall significantly to a commendable 2.2% in the first quarter of 2025. This substantial drop is a strong indicator of improved economic management and directly translates into enhanced purchasing power for Iraqi citizens, making everyday goods and services more affordable.
Further bolstering the stability of the Iraqi Dinar (IQD), the CBI has successfully implemented a 0.6% reduction in currency circulation. This strategic move is designed to control liquidity, manage inflationary pressures, and, critically, support the overarching goal of stabilizing and strengthening the IQD’s value in the market.
Perhaps one of the most compelling signs of Iraq’s growing financial strength is the remarkable surge in its gold reserves. The nation’s gold reserves have climbed by an impressive 19%, now standing at a robust IQD 21.2 trillion. This significant increase not only fortifies Iraq’s foreign reserves but also acts as a crucial hedge against economic volatility, boosting investor confidence and providing a solid foundation for future growth.
These comprehensive measures from the Central Bank of Iraq paint a promising picture for the country’s economic future. From meticulous banking standards to robust national reserves and controlled inflation, Iraq appears poised for increased stability and prosperity.
PRESIDENT OF THE REPUBLIC: I WISH TRUMP SUCCESS IN ACHIEVING PEACE THROUGHOUT THE WORLD
PRESIDENT OF THE REPUBLIC: I WISH TRUMP SUCCESS IN ACHIEVING PEACE THROUGHOUT THE WORLD.
President Abdel Latif Jamal Rashid expressed his wishes for US President Donald Trump’s success in his efforts to achieve peace throughout the world on Wednesday.
The President of the Republic told Spanish National Radio that everyone in the Middle East is concerned about the ongoing Israeli attacks, whether against the Palestinians, Iran, Lebanon, Yemen, or many other places, adding that these crimes against the peoples of the region must stop.
He continued, “Iraq hopes that the ceasefire between the Islamic Republic of Iran and Israel will continue to become a permanent ceasefire and that no further attacks will occur there.” He noted that “Israeli bombing of Gaza continues daily, resulting in dozens or even hundreds of casualties among civilians and innocent children every day.”
He added that the Arab countries had set their own conditions for ending the conflict, stating that “the first priority must be to stop this aggressive war, grant the Palestinian people their right to self-determination, enable them to establish their own state and enjoy their legitimate rights, and stop these massacres.”
He explained that “Iraq’s relations with Iran are good,” noting that “Iran is a neighboring country with which we share a border of more than 1,400 kilometers.” He added that these relations are not new; they have existed for a long time, and that we have extensive contacts with the Iranian side.
He continued, “There is an urgent need to find a comprehensive solution to address the problems facing Iran, as it continues to suffer from sanctions and the isolation imposed by some countries.” He emphasized that “the best course of action is to pursue dialogue and reach understandings with Iran so that it can become part of the international community.”
He continued, “I wish President Trump success in his efforts to achieve peace around the world, noting that without peace, we all suffer—economically, socially, and diplomatically.”
He emphasized that “ISIS was a terrorist organization, and we fought a long war against it because it controlled vast swaths of Iraqi territory. We succeeded in defeating it militarily, and the security situation in Iraq is much better today.
He noted that ISIS remains an ideological threat, and it is the duty of the entire international community to counter these ideas. He emphasized that ISIS must not be allowed to exist or operate in any way, adding that we are cooperating closely with the Syrian government to address this problem.
EXCERPTS FROM MNT GOAT: They are planning to do a major revaluation in the VERY, VERY NEAR future!!
EXCERPTS FROM MNT GOAT
Why would they need to have the citizens and merchants on the digital transactions with the banks? Less cash is better! This is what “financial Inclusion” means.
I am being told by my CBI contact that the CBI is looking for at least 50% of the citizens with bank accounts and in the digital payment system.
I don’t know how they gauge this percentage but that is what I am told. If nothing else from today’s news remember that in order to conduct a revaluation of the dinar, thus in order to make the rate of each dinar to the U.S. dollar higher (as much as we want), they would have to reduce the monetary mass in circulation substantially to do it.
If you are going with a $4+ RV rate then my contact told me they would have to reduce or shrink the monetary mass by nearly a quarter of the paper. To do this the paper (the three zero notes) must be brought back to the banks, thus the CBI to burn. Oh…. you are confused?
I am talking of course ONLY about the paper notes in the hands of the citizens and us investors. The rest the banks can convert digitally.
Could this also be one of the reasons why they keep telling us they need to get these paper notes out of the homes and stashes and into the banks? They told us nearly 90% of all the paper is not in stashes not in the banks. Folks, it all adds up.
They are planning to do a major revaluation in the VERY, VERY NEAR future. Are you ready?
AN EXPERT WARNS OF THE US FEDERAL RESERVE’S RESTRICTIONS ON IRAQ’S FINANCIAL AUTONOMY
AN EXPERT WARNS OF THE US FEDERAL RESERVE’S RESTRICTIONS ON IRAQ’S FINANCIAL AUTONOMY
Economic expert, Diaa Mohsen, confirmed on Wednesday that Iraq still lacks independent economic decision-making due to the restrictions imposed by the US Federal Reserve on its funds, warning of the repercussions of the continuation of this situation on the country’s financial autonomy.
Mohsen said in a statement to Al-Maalouma Agency, “After Iraq was released from Chapter VII in 2011, the United States deposited its funds in the US Federal Reserve under the pretext of protecting them,” noting that “the returns resulting from these deposits are much less than what could have been achieved if these funds were invested by the Iraqi government directly or through partnerships with various countries.
”
He explained that “Iraq’s continued exposure to these restrictions is unacceptable and deprives it of significant economic opportunities,” stressing that “Iraq’s liberation from the authority of the US Federal Reserve would revive the national economy and open broader horizons for financial development.”
He added that “Iraq remaining hostage to US decisions makes it vulnerable to financial sanctions in the event of any political dispute with Washington, as the latter can simply seize Iraq’s funds or prevent their disposal.”
(The pressure is building for “full” independence. Will Trump give it to them? All I can say now is “I told you so”.)
STATUS OF THE RV, PART. 2 BY MNT GOAT
STATUS OF THE RV, PART. 2
😊😊 Okay so now we see yet another indication of where Iraq is going. They want total independence as a nation. They want their freedom back. Oh…is this coincidence it is also our 4th of July when the USA gained its independence from Great Britian. They are talking openly about this as this time.
Folks, it has been over 20 years already since the end of the war and more than two years (2022) since they repaid Kuwait for war reparations in full. So, what the hell is the U.S. doing to Iraq?
Can you see the corruption by the U.S. When the deep state bastardsget a hold of you by the neck, they don’t want to let go. These economic hitmen choke you until you are unrecognizable.
You might want to take a look at article titled “THE US TREASURY IS PURSUING CORRUPTION FUNDS… AND THE BAGHDAD GOVERNMENT REMAINS SILENT.” But there are ways to revive the situation and these are political pressures that are now being exerted. I believe the UN is going to step in and help.
Even better yet take a look at article titled “AN EXPERT WARNS OF THE US FEDERAL RESERVE’S RESTRICTIONS ON IRAQ’S FINANCIAL AUTONOMY”. Economic expert, Diaa Mohsen, confirmed on Wednesday that Iraq still lacks independent economic decision-making due to the restrictions imposed by the US Federal Reserve on its funds, warning of the repercussions of the continuation of this situation on the country’s financial autonomy. Yes, we all should know about Exec Order 13303 by now. This should no longer be renewed and gone. Is there really a necessity to renew this? Does Iraq still need the guardianship of the US?
I want to emphasis that this is going to be an uphill battle for Iraq for “full sovereignty” as the U.S., like a baby suckling on a mother’s tit, is reluctant to let a good thing end. I do not mean to be too sarcastic but is this not a very good analogy? When will the U.S. finally let go?
Oh… could this be what is holding up our RV? Does the pope say mass at the Vatican on Sundays? Let’s not also dismiss the Oil and Gas Law as I did not say this is also needed to be done.
Meanwhile I keep telling you that the CBI is still moving forward at a fast pace to complete the monetary reform and follow Dr Shabibi’s plan of 2011. But the U.S. will have to let go and let it happen. This will end their control over Iraq…. finally! The U.S. has said already they intend to sign-off with caveats.
What else is in the news….?
😊As Ali Al-Alaq in the CBI is working towards the monetary reform, we have the prime minister Al-Sudani working his magic in the direction of economic reform and his “pet” project of industrial cities. So, today in the article titled “IRAQ PLANS TO RECEIVE 4 MILLION CONTAINERS ANNUALLY AT UMM QASR PORT.” Umm Qasr Port in Basra is undergoing rapid development as part of a plan to modernize its infrastructure and enhance its operational capabilities, aiming to increase its annual capacity to 4 million containers. Did they just say 4 million containers annually? WOW! Like Clinton secretary of state told us a while back that Iraq is going to be a “clearing house” for the middle east. This means shipment from all over the world will land in Iraq and they be distributed to other countries. This means massive tariff and customs fees for Iraq. Also don’t forget about these industrial cities and the goods they will also produce to add to the warehouses. Remember the slogan “Make In Iraq”? What are the planning…..? 😊
😊I also want to point out that the best advice the U.S. could have ever given Iraq is to work towards independence in the field of energy, meaning gas and electricity independence from their dependence on Iran. With this war with Israel we can clearly see the problem this dependence could mean. Folks, I just want to say – its time! 😊
Take a look at article titled “IRAQ LAUNCHES THE FIRST PHASE OF A STRATEGIC PROJECT TO EXPLOIT GAS AND PREVENT ITS FLARING.” Basra Gas Company announced the launch of the first phase of a strategic project in the southern Rumaila field to exploit gas and prevent its flaring. This project will exploit gas from the Al-Quraynat Mishrif and Al-Shamiya Mishrif sites,” noting that “the company has completed the installation of an integrated unit at the first site to process sour gas, and it has now entered into operation after it was supposed to enter operation at the end of next July. However, there is an urgent need to expedite the project in cooperation with the field operator and the contractors working there. Gee Whiz!!!! … can we see the urgency?
Please, please keep all the prayers rolling in. God has not forsaken us. He is only working on his schedule, and he has a plan that he is caring out. If you have been listening to my prophet word section of the Newsletter, than you too can see it. It is all matching up.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/EXPERT WARNS: IRAQ’S FINANCES ARE UNDER “AMERICAN PRESSURE”… AND THE GUARDIANSHIP ENDED IN 2022
EXPERT WARNS: IRAQ’S FINANCES ARE UNDER “AMERICAN PRESSURE”… AND THE GUARDIANSHIP ENDED IN 2022
Economic expert Ahmed Abdel Rabbo called on the Iraqi government to review the international legal framework for depositing Iraq’s funds in the US Federal Reserve, stressing that continuing to work under Security Council Resolution No. 1483 issued in 2003 is no longer justified after the reasons for which the “Development Fund for Iraq” was established have ended.
In a statement to “Jarida Platform,” Abdul Rabbo said , “In 2021, Iraq paid the full $52.4 billion in compensation for the invasion of Kuwait, and in 2022, the Security Council approved Resolution 2621, which officially ended the international claims file and closed the United Nations Compensation Commission, which removes the main legal cover for keeping Iraq’s funds under direct American supervision.”
He added, “Despite this development, the United States continues to exert economic pressure by restricting dollar transfers from Iraq’s account in New York , causing disruptions in the foreign exchange market and unstable increases in the dollar’s exchange rate against the dinar.”
Abdul Rabbo stressed the need for the Iraqi government to “take the initiative to request a review of Security Council Resolution 1483 and work to diversify foreign reserves, as countries that rely on a currency basket are less vulnerable to the risks of dollar fluctuations.” He called for “the formation of a currency basket comprising no less than 20% of the total reserves, which exceed $100 billion.”
He pointed to the importance of “establishing a sovereign wealth fund to invest oil surpluses under independent and transparent management, similar to Norway’s experience, to achieve sustainability for future generations and reduce the need to hold cash abroad.” He explained that “developing the local financial system, accelerating digital transformation, strengthening the role of private banks, and activating financial hedging tools are urgent priorities.”
At the end of his remarks, Abdul Rabbo emphasized that “achieving Iraq’s economic sovereignty requires unity in political and diplomatic decision-making, and clear parliamentary support for the government in any international financial negotiations, particularly with the Security Council and the International Monetary Fund,” noting that “Iraq is not a poor country, but a rich one.”
🌟 FIREFLY UPDATE: Iraq’s Currency Shake-Up Could Reshape the Economy 💰 #frank26 #dinarrevaluation
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