Wednesday, July 9, 2025
Demonstrations in Sulaymaniyah protesting the deteriorating living conditions and delayed salaries.
Demonstrations in Sulaymaniyah protesting the deteriorating living conditions and delayed salaries
Baghdad Today correspondent reported, on Tuesday evening (July 8, 2025), that popular demonstrations broke out in the cities of Ranya and Qala Diza, affiliated with Sulaymaniyah Governorate, in protest against the deteriorating living conditions and the ongoing salary crisis in the region.
Our correspondent said that dozens of young people from both cities took to the streets in angry demonstrations demanding improvements to their living conditions and the payment of overdue salaries. They asserted that "their patience has run out as the crisis continues without any real solutions."
Our correspondent noted that security forces in the area had begun moving toward the demonstration site to contain the situation, with no clashes reported at the time of writing. link
🚨IQD RV: IRAQ ISSUES BIOMETRIC CARDS!!!
🚨IQD RV: IRAQ ISSUES BIOMETRIC CARDS
The biometric card is electronically protected and is used exclusively by its owner.
💥This biometric technology, developed with Innovatrics and International Smart Card (ISC), integrates fingerprint and facial recognition, mirroring U.S. Department of Homeland Security’s IDENT system handling 400,000 transactions daily, suggesting Iraq's adoption reflects a global trend toward secure, electronic identity verification backed by peer-reviewed studies on biometric accuracy (e.g., Journal of Forensic Sciences, 2023).
Shorter Route Linking Turkey To Kuwait Through Iraq Now Operational
Shorter Route Linking Turkey To Kuwait Through Iraq Now Operational
Iraq Amr Salem July 8, 2025 303 2 min Container trucks on a road. Photo: IRU
Baghdad (IraqiNews.com) – In a remarkable development, a new roadway corridor connecting Turkey to Kuwait across Iraq is now operating, significantly lowering transit times and increasing commercial effectiveness.
Major Turkish logistics company Hasbayrak International Transport successfully completed the first cargo across this route using the International Road Transport (TIR) transit system, according to the International Road Transport Union (IRU).
Three trucks carrying fresh fruit and vegetables left Turkey and arrived in Kuwait in just four days,
a substantial improvement over the customary 45-day sea route.
TIR-registered trucks crossed into Iraq at the Al Abdali border crossing and completed customs processes at the Sulaybia Dry Port, demonstrating the country’s operational preparedness.
The step also signified the formal resurrection of TIR in Kuwait, in collaboration with Kuwaiti authorities.
Iraq’s Border Ports Commission started applying the
International Road Transport (TIR) transit system in the country in the beginning of April.
As the only worldwide transit system, TIR permits the shipment of commodities in sealed load compartments under customs supervision from a country of origin to a country of destination d through a multilateral and mutually recognized system.
https://www.iraqinews.com/iraq/shorter-route-linking-turkey-to-kuwait-through-iraq-now-operational/
WALKINGSTICK : Iraqi bank manager friend Aki update
Walkingstick
[Iraqi bank manager friend Aki update]
The bank [in Dearborn] is open.
Question "What is the main thing they are doing?"
Transferring. They're getting ready because they know the Iraqi citizens are going to be transferring a lot.
They can now, he's with Western Union.
Question: "He's still waiting for the new exchange rate, huh?"
That's all he's waiting for.
All Iraqi Government Institutions Now Using E-Payment Systems, Says Official
All Iraqi Government Institutions Now Using E-Payment Systems, Says Official
Iraq Jawad Al-Samarraie July 8, 2025 A person in Iraq using a POS machine to make an electronic payment. Photo by: INA Baghdad (IraqiNews.com) – All official government institutions in Iraq are now using electronic systems for payments and revenue collection,
marking a major milestone in the country’s digital transformation strategy, Government Media spokesperson Haider Majeed announced on Tuesday (July 8, 2025). Majeed stated
this nationwide shift, a key priority of the government program, aims to enhance transparency,
simplify procedures for citizens,
and combat corruption by reducing reliance on cash transactions.
“This reflects the government’s strategic effort to modernize the financial infrastructure,” he said.
The directive has also been extended to all private sector entities with direct public interaction, including clinics, pharmacies, stores, and fuel stations.
Majeed noted there has been “wide acceptance” of e-payments from citizens, which has encouraged businesses to adopt the new systems.
The move is expected to improve the efficiency of government revenue and tax collection,
reduce financial leakage, and boost financial inclusion by encouraging more citizens to use modern banking services.
The General Secretariat of the Council of Ministers is overseeing the nationwide implementation.
https://www.iraqinews.com/iraq/all-government-institutions-adopt-e-payment-systems-2025/
🚨BREAKING NEWS: APPROVED -What's NEEDED to Exchange the IRAQ DINAR and ALL Currencies
🚨BREAKING NEWS: APPROVED -What's NEEDED to Exchange the IRAQ DINAR and ALL Currencies
Summary
The video from Goldilocks Global Banking News, presented by Freedom Fighter, provides an insightful update on the ongoing developments surrounding the RV (Revaluation) and the evolving financial system transitioning into a new digital asset-based banking framework.
Central to this transformation is XRP, a digital asset owned and managed by Ripple, which functions as a bridge currency to enable efficient, instant foreign currency exchanges. The video highlights Ripple’s recent strategic partnership with Hidden Road,
a prime brokerage firm with significant infrastructure capable of handling nearly $12 trillion in daily transactions, including US Treasury clearings. This collaboration integrates Ripple’s stablecoin RLUSD and XRP ledger into institutional finance, addressing liquidity and efficiency challenges. The new system promises faster, cheaper, and more reliable currency exchanges compared to the traditional banking system. Additionally, the video invites viewers to join the Goldilocks QFS dialogues room, where members receive guidance through an eight-step preparation process for the RV and new banking system exchanges, fostering community support and direct communication with bankers. Overall, the update emphasizes the readiness and structural support emerging for the RV and the transition to the new digital financial infrastructure.
- 🔗 Ripple’s XRP acts as the bridge currency enabling instant, efficient foreign currency exchanges.
- 💰 Ripple’s stablecoin RLUSD, backed by the US dollar, is fully regulated and integrated into global finance.
- 🤝 Ripple’s partnership with Hidden Road facilitates nearly $12 trillion in daily transactions, enhancing liquidity.
- 🏦 Hidden Road’s infrastructure includes membership in the Fixed Income Clearing Corporation, clearing massive US Treasury volumes.
- ⚡ XRP ledger integration allows instant clearing and settlement of transactions in the new digital banking system.
- 🛡️ RLUSD stablecoin serves as collateral, ensuring transaction guarantees across digital and traditional assets.
- 👥 Goldilocks QFS dialogues room offers a supportive community and an eight-step process to prepare for the RV exchange.
Key Insights
🔄 XRP as a Bridge Currency: Revolutionizing Currency Exchange
XRP’s role as a bridge currency is transformative for the global financial system. Traditional banking systems are often slow and costly due to multiple intermediaries and manual clearing processes. XRP’s blockchain technology enables near-instantaneous settlement of foreign currency exchanges, reducing friction, operational risk, and transactional costs. This efficiency is crucial as the world transitions to a digital asset-based system, facilitating smoother and more reliable currency revaluations and exchanges.💡 Strategic Partnership with Hidden Road: Institutional Scale and Trust
The partnership between Ripple and Hidden Road is pivotal in scaling the new digital banking system. Hidden Road’s existing infrastructure processes nearly $12 trillion daily and is embedded in the US Treasury clearing network. This collaboration bridges innovative blockchain technology with traditional financial clearinghouses, ensuring regulatory compliance, liquidity, and trust from institutional players. It signals Ripple’s commitment to real-world utility beyond speculative cryptocurrencies, embedding XRP and RLUSD into the backbone of global finance.🏛️ Regulated Stablecoins as Financial Collateral: RLUSD’s Role
RLUSD, Ripple’s US-dollar-backed stablecoin, is already regulated and accepted globally, making it a reliable collateral asset within this new system. By acting as collateral in cross-margining between digital and traditional assets, RLUSD mitigates counterparty risk and enhances transactional security. This regulatory clarity and secure backing position RLUSD as a cornerstone for integrating legacy banking with digital asset finance, providing stability in an otherwise volatile crypto environment.⚙️ Clearing and Settlement Innovations: Instantaneous Digital Clearing
The integration of XRP ledger technology into Hidden Road’s post-trade infrastructure allows for instantaneous clearing of transactions, including US Treasury trades and foreign currency exchanges. This development addresses longstanding inefficiencies in clearing processes, which traditionally could take days or even weeks. Instant clearing enhances liquidity, reduces settlement risk, and accelerates capital flow, which is vital for the anticipated RV exchanges and broader financial market modernization.🌐 Transition from Old to New Banking System: A Paradigm Shift
The video underscores that the traditional banking system has “given up the ghost,” highlighting the urgency and inevitability of transitioning to a digital asset-based banking framework. This shift is not only technological but also systemic, requiring regulatory adaptations, new infrastructure, and user education. Ripple’s developments and partnerships exemplify this transition, offering a blueprint for how digital assets can coexist and integrate with institutional finance to create a more robust, transparent, and efficient global financial system.🧩 Community Support and Preparation: The Goldilocks QFS Dialogues
Beyond technical updates, the video stresses the importance of community and education in navigating the RV process. The Goldilocks QFS dialogues room provides members with an eight-step preparation process, peer support, and direct communication channels with bankers. This holistic approach addresses the emotional and informational challenges many face during such complex financial transitions, reducing anxiety and empowering individuals to participate confidently in the new system.🚀 Future Outlook: Readiness for Massive Financial Exchanges
The capacity to handle trillions in daily transactions and the robust integration of XRP ledger technology indicate that the financial ecosystem is preparing for large-scale currency exchanges, including the RV. This readiness is crucial for accommodating holders of revalued currencies and ensuring smooth liquidity flows. It also suggests broader adoption of digital assets by traditional financial institutions, signaling a future where digital asset-based banking is the norm rather than the exception.
Conclusion
This Goldilocks Global Banking News update delivers a comprehensive overview of the shifting landscape in global finance, centered around Ripple’s XRP and RLUSD stablecoin.
The strategic partnership with Hidden Road, combined with regulatory progress and community engagement initiatives, lays a strong foundation for the RV and the adoption of a new digital asset-based banking system. As the old system phases out,
these developments promise a faster, more efficient, and secure way to handle massive currency exchanges and institutional finance, heralding a new era in global banking.
International Financing To Liberalize The Railway Sector
International Financing To Liberalize The Railway Sector
Economic 07/09/2025 Dr. Maytham Adham Al-Zubaidi In a remarkable move aimed at modernizing the transportation sector and boosting economic growth in Iraq, the World Bank has approved $930 million in financing for an ambitious project to expand and modernize Iraq's railway network.
This project falls within the "Development Road," which seeks to transform Iraq into a regional logistics hub linking the Gulf region to Europe via Turkey.
However, the importance of this project goes beyond simply improving infrastructure;
it represents a qualitative leap in
liberating the railway sector from monopoly,
enhancing competitiveness, and
opening the door to vital private sector participation.
The project encourages the establishment of dry ports and logistics centers in cooperation with the private sector, creating a new competitive environment and giving national and foreign companies the opportunity to enter the modern transportation system.
This transformation not only reduces costs, but also improves efficiency and creates competition in terms of quality and service.
Improving rail transport means
opening up markets to producers and consumers,
reducing shipping time and costs, and
enhancing competitiveness as a lever for economic development domestically and regionally.
Shifting a significant portion of road freight to rail will also
break the dominance of certain groups of companies that control the land transport sector,
creating a more equitable and competitive market balance.
The renewed railway line is expected to transport about (6.3) million tons of goods and more than (2.85) million passengers by 2037, which will enhance the connection between the governorates and drive economic activity across the country.
In addition, the project does not neglect the social aspect of job creation and sustainable development.
It is expected to provide more than 3,000 direct jobs during the construction phase,
in addition to approximately 22,000 job opportunities annually by 2040 in the field of operations and support services.
The project also includes specialized training programs for railway sector workers, with special attention paid to the participation of women.
The World Bank's railway modernization project in Iraq, if implemented properly and thoughtfully,
will not merely be a technical financing exercise,
but rather a genuine structural reform aimed at building a more open and diversified economy based on partnership, competition, and transparency.
As Iraq enters a new phase of development after years of challenges, this initiative represents a turning point in building a competitive, sustainable, and equitable infrastructure. https://alsabaah.iq/117161-.html
TIDBIT FROM MNT GOAT
Mnt Goat
The CBI has jumped through hoops to implement the much-needed banking reforms and even made the switch over to digital electronic payments in record time, something they have been trying to do since Dr Shabibi’s days more than a decade ago.
They needed to ditch the dollar and that too we have been waiting so impatiently to see. It’s done!
We are now also going to shortly see the Oil and Gas Law in parliament. This too is just about all done. Next the budget tables for 2025 will be passed on to parliament. We will see all of this happen suddenly and seemingly all in a short time period.
Government Advisor: 3 Factors That Have Stripped The Parallel Exchange Market Of Its Price Influence And Diversified Our Financial Reserves
Government Advisor: 3 Factors That Have Stripped The Parallel Exchange Market Of Its Price Influence And Diversified Our Financial Reserves
2025/07/07 Reads: 840 Times {Economic: Al Furat News} The Prime Minister's Economic Advisor, Mazhar Mohammed Salih,confirmed that the stability of the price structure and the decline in annual inflation rates in Iraq are the result of the success of three integrated economic policies that operated in a coordinated manner within the framework of the state's general economic policy. Saleh said in a statement to {Al Furat News} that:
"Fiscal policy has contributed significantly to supporting prices through the general budget,
whose expenditures constitute more than 13% of the gross domestic product," noting that
"this support has been reflected in the expansion of social safety nets through
food baskets, fuel price subsidies, and support for farmers, in addition to the provision of wide-ranging government services."
He added, "Monetary policy, in turn, has achieved tangible success in maintaining the external value of the dinar by controlling domestic liquidity levels through the introduction of electronic payment systems and increasing demand for foreign currency at local banks through their correspondents abroad.
This has contributed to reducing financial transfer times and implementing compliance rules related to money movement risks."
Saleh pointed out that "the third of these policies was price defense through the establishment of a hybrid market network, which provided a wide supply of
goods at stable prices and directly impacted the local market by creating price competition that reduced opportunities for speculation.
As a result of these three factors, the effects of the parallel exchange market (the black market) were neutralized, especially with regard to generating inflationary expectations, whose effects have gradually faded."
He stated that "there are commodity stocks available to the state and the private sector, some of which have a shelf life of three to five years, especially with regard to spare parts and durable goods, which enhances market stability in the medium term."
Regarding the increase in gold reserves, Saleh explained that
"this is a successful monetary policy tool for diversifying Iraq's foreign reserves portfolio," noting that
"gold represents a safe haven against fluctuations in global exchange rates and interest rates." ‘
He added that "this diversification, which includes various foreign currencies and monetary gold,
is based on precise international standards to protect the country's assets from value fluctuations between currencies."
Regarding the impact of OPEC+ decisions, Saleh emphasized that
"Iraq is part of the international consensus within the organization regarding oil production levels, and
that the national oil policy enjoys great flexibility that enables it to maintain export levels within Iraq's quota, thus mitigating the impact of the decline in oil prices on public revenues."
He noted in this context that "Triennial Budget Law No. 13 of 2023 includes flexible financial tools to address any emergency gaps through the possibility of resorting to bridge borrowing from the local financial market,
supported by monetary policy that provides sustainable liquidity through open market instruments, in accordance with the provisions of Central Bank of Iraq Law No. 56 of 2004."
The advisor concluded his remarks by emphasizing that "the economic stability Iraq is witnessing today is the result of the integration of fiscal, monetary, and pricing policies into a unified framework
that promotes sustainable development and supports the implementation of the government's program and comprehensive economic reforms." https://alforatnews.iq/news/مستشار-حكومي-3-عوامل-جردت-سوق-الصرف-الموازي-من-تأثيراته-السعرية-وتنوع-احتياطاتنا-المالية
EXCERPTS FROM MARKZ: I believe things are much further advanced than the press is reporting
EXCERPTS FROM MARKZ
Member: Are we there yet????
MZ: In Iraq: “The coming hours may witness the signing” This is about the Erbil/Baghdad oil agreements . There is a lot of back and forth right now. But articles are saying they have worked through the issues and signing is imminent.
MZ: We saw this same kind of back and forth in Kuwait.
Member: Never thought we all still be waiting and waiting and waiting all this time for the RV to go but then again, they don't care
MZ: Our regular article from Saleh: “ Advisor to the Prime Minister: Monetary Policy has succeeded in stabilizing prices and curbing inflation” He says “We are in great shape.”
Member: I bet Saleh had black hair when I bought my dinar
MZ: “Banning 18 Islamic banks from dealing in dollars-liquidation is looming”These are the same banks associated with financing terrorist groups. So is it Islamic banks being singled out – or support of terrorism being singled out? I think its part of a world wide cleanup effort.
MZ: I think this one is important. “A security source revealed Tuesday the determination of the International coalition withdrawal from Ain-A-Assad base from Anbar province” Trump has said all along that we will leave when we are paid. Now they are leaving????
MZ: I believe things are much further advanced than the press is reporting
MZ: This one makes me feel good about where we are at: “ TIR system: Iraq is a highway from Turkey to the Gulf” this is part of the development road project connecting the east to the west.
FRANK26: "IMO EXPORTS EQUALS A FLOAT"
KTFA
FRANK26: "IMO EXPORTS EQUALS A FLOAT"........F26
Al-Sudani: Iraq will stop importing gasoline this year and will instead focus on exports.
7/7/2025
Prime Minister Mohammed Shia al-Sudani announced on Monday that Iraq will stop importing gasoline this year, stressing that the country is on the verge of self-sufficiency in petroleum products, with a future plan for exports.
During his teleconference launch of the Diwaniyah refinery expansion project , Al-Sudani said, "Iraq has transformed from a country importing petroleum products to one that meets its domestic needs, with the exception of limited quantities of gasoline, which will be eliminated before the end of this year."
He pointed out that "the Diwaniyah refinery will contribute to processing liquefied natural gas with a capacity of 180 tons per day and improving gasoline production to a capacity of up to 10,000 barrels per day," adding that "the new project will be implemented with a total capacity of 90,000 barrels per day, at a cost of $800 million."
Al-Sudani explained that "the completion of refinery projects in the governorates of Maysan, Diwaniyah, and Najaf will pave the way for the export of petroleum products, rather than their import, which represents a strategic shift in the energy sector."
LINK
TIDBIT FROM FNU LNU
Fnu Lnu
Article: "UAE-based venture capital fund EQIQ has announced a $3-million anchor investment in a new digital banking startup led by Iraqi-American finance veteran Hussain Qaragholi"
Quote: "Qaragholi, founder of Phoenix Finance Partners, has held senior roles at Merrill Lynch, Citigroup, and Deutsche Bank. He played a major role in Iraq's $22-billion debt restructuring and sovereign bond offerings, and currently serves on RAND Corporation's Global and Emerging Risks Board."
Sometimes you only get potatoes but other times you get meat with them. This is as meaty as it gets.
However, stay grounded, Operative Words are NEW, START-UP, & FOUNDATION. When they say things like; scalable, customer-focused, digital services, this is a direct relationship with the new digital Dinar...This only applies to foreign imports and debts and not the domestic economy which will continue to use physical paper currency and payment cards like Qi, Mastercard, and Visa.
FRANK26: "22 MILLION CARDS & MORE"
KTFA
FRANK26: "22 MILLION CARDS & MORE".....F26
Localization of private sector salaries, rapid payment, and collection... Al-Sudani issues banking decisions.
7/7/2025
- Baghdad
An Iraqi government source revealed on Monday that the number of bank accounts has reached approximately 20 million, compared to 8 million in 2022, a growth of more than 150%.
The source confirmed, in a press statement received by Shafaq News Agency, that "the digital transformation rate of Iraqi ministries and institutions has increased to approximately 32%, after it was less than 18% in 2022, with a growth rate of 78%."
He pointed out that "the number of bank cards increased to 21-22 million cards (of all types, including credit, debit, and prepaid), up from 16 million cards in 2022, representing a growth rate of 38%." He also noted that the number of point-of-sale devices reached approximately 62,000 devices, up from less than 10,000 devices in 2022, representing a growth rate of up to 520%.
According to a government source, data indicates that the financial inclusion rate in Iraq has reached approximately 40%, up from less than 10% in 2019.
The source noted that the Prime Minister had recently issued a number of future decisions related to a number of important projects in the field of electronic payment, and stressed the need to complete them as soon as possible. These projects include:
- Activation of the local card, which is expected to be completed by the end of 2025.
- Activate the fast payment project.
- Activating the unified electronic collection application.
- Localizing private sector salaries in line with the government sector.
- Establishing a unified center for complaints related to electronic payment transactions, headquartered at the National Data Center.
The source expected these projects to be completed in less than a year, stressing that their implementation would contribute to Iraq's advancement to a new level among advanced countries in this field.
LINK
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