Friday, July 11, 2025
SENIOR IRANIAN OFFICIALS ARE REITERATING RED LINES FOR IRAN’S NUCLEAR PROGRAM AHEAD OF PLANNED NUCLEAR NEGOTIATIONS WITH THE UNITED STATES
SENIOR IRANIAN OFFICIALS ARE REITERATING RED LINES FOR IRAN’S NUCLEAR PROGRAM AHEAD OF PLANNED NUCLEAR NEGOTIATIONS WITH THE UNITED STATES.
Iranian Deputy Foreign Affairs Minister Majid Takht Ravanchi told NBC News on July 3 that Iran is open to resuming nuclear negotiations but “has no plans to stop uranium enrichment.” Ravanchi noted that the United States will have to “convince” Iran that it will not use force before Iran agrees to engage in talks. White House Envoy Steve Witkoff is expected to meet with Iranian Foreign Affairs Minister Abbas Araghchi in Oslo, Norway, next week, according to two unspecified sources familiar with the discussion cited by Axios. A Tehran-based Western news correspondent reported that preparations are underway for “indirect” negotiations between Witkoff and Araghchi’s meeting, but noted that the meeting has not been finalized.
Israeli Defense Minister Israel Katz stated on July 3 that Israel must maintain its air superiority in Iranian airspace to prevent Iran from rebuilding its nuclear and ballistic missile programs. This statement does not appear to suggest imminent Israeli strikes because Iran would need to acquire new air defense systems to replace those lost to be able to deny Israel control of the air. It is improbable Iran could have acquired or built new systems since the ceasefire on June 24, though it is possible Iran could conduct some redeployments if there are surviving air defenses in the northeast. Katz announced on June 27 that he would pursue a policy of “enforcement” to prevent Iran from rebuilding its nuclear or ballistic missile programs. Araghchi warned on June 26 that Iran would respond to any Israeli violation of the ceasefire and noted that “Iran is not Lebanon.” Israel has conducted airstrikes on Hezbollah across Lebanon since November 2025 as part of a stated effort to prevent Hezbollah from reconstituting and threatening Israel under the Israel-Lebanon ceasefire agreement. Araghchi is suggesting that he believes Israel will attempt to conduct similar strikes in Iran to prevent Iran from reconstructing its nuclear and ballistic missile programs.
Key Takeaways:
- Senior Iranian leaders have continued to underscore that they will not stop uranium enrichment and that the United States will need to “convince” Iran that the United States will not resort to force with Iran again. It is unclear what will be required to “convince” Iran.
- Israel struck an Iranian facility on June 16 that is tied to Iran’s nuclear and chemical weapons programs. The Israeli strikes probably destroyed areas used for plastic explosives production.
- Likely Iranian-backed Iraqi militias launched one drone, probably targeting US forces at Erbil International Airport in Iraq. No militia has claimed the attack.
🎯 Iraq’s Article IV Complete! U.S. Pushes for Final moves!!!
🎯 Iraq’s Article IV Complete! U.S. Pushes for Final moves - Fed Schock Revealed.
✅ Iraq's Article IV is done! There is now huge pressure from the U.S. on Iraq to wrap things up!
✅ This is a very good sign for Bond and Dinar Currency Holders.
✅ What Jerome Powell just said about The Fed is jaw-dropping!
✅ But the strategic move in 2020 for the end goal of The Fed is even more shocking...
CENTRAL BANK: THE USE OF INTERNATIONAL CARDS CONTINUES INSIDE AND OUTSIDE IRAQ WITHOUT CHANGE
CENTRAL BANK: THE USE OF INTERNATIONAL CARDS CONTINUES INSIDE AND OUTSIDE IRAQ WITHOUT CHANGE.
The Central Bank of Iraq issued a clarification today, Friday (July 4, 2025), regarding the use of international cards, confirming their continued use inside and outside Iraq without change.
The bank stated in a statement received by Baghdad Today that “the National Electronic Payment Card Project is an additional local option used exclusively within Iraq and in Iraqi dinars. It does not cancel or restrict existing international cards such as Visa and Mastercard.”
The statement added, “There are no plans to cancel these cards or ban dollar transactions outside Iraq. Holders can still use them inside and outside the country as is currently the case.”
According to the statement, the bank indicated that “this project aims to reduce payment costs, enhance financial inclusion, diversify options for the public, and provide national cards for all institutions and segments within Iraq,” indicating that “international cards remain the primary means of spending in dollars or other currencies outside Iraq and for purchases via global websites.”
EXCERPTS FROM MARKZ : Many are waiting on this new rate!!
EXCERPTS FROM MARKZ : Many are waiting on this new rate!!
Member: Anyone ever get the feeling Iraq doesn’t want to revalue their currency?
MZ: Many countries are positioning for Iraq being on the international stage. Including India and Kuwait. Many are waiting on this new rate. Of course it is happening
MZ: “American Magazine: Iraq quietly restores its role in International trade” Lots happening behind the scenes like the development road project.
MZ: “The KRG (Kurdistan) has notified the US that they will only allow Baghdad 48 hours to make a decision regarding the issue of funding the Kurdistan regions cival servant employees salaries” This is 48 hours from yesterday afternoon. This should force a conclusion for the oil and gas law…hopefully this week. We should get a decision within 48 hours.
MZ: Lots of thigs appear to be aligning. We need to get off “stuck”
MZ: This one is showing up in my inbox from some panicked individuals. “ IMF comments on Iraq dinar exchange rate” It projects the average exchange rate of the dinar against the US dollar as 1300….the same as 2024. Just a reminder- A similar statement came out the week before and the day of the Kuwait revaluation.
THE END OF DOLLAR DEPENDENCE OR THE BEGINNING OF CENSORSHIP? THE NATIONAL PAYMENTS PROJECT RAISES THE QUESTION OF “FINANCIAL SOVEREIGNTY”
THE END OF DOLLAR DEPENDENCE OR THE BEGINNING OF CENSORSHIP? THE NATIONAL PAYMENTS PROJECT RAISES THE QUESTION OF “FINANCIAL SOVEREIGNTY”
In a pivotal step toward internal monetary independence, the Central Bank of Iraq (CBI) issued an official circular to all banks and electronic payment service providers announcing the commencement of the implementation of the National Card Scheme project.
This is a local payment system managed through the national switchboard, completely separate from international platforms such as MasterCard and Visa.
The decision comes at a particularly sensitive time, following the Popular Mobilization Forces (PMF) salary crisis and sanctions imposed on several banks, amid indications that Iraq is shifting to a relatively closed monetary environment in the face of external pressures.
A national system excludes international companies.
According to a circular obtained by Baghdad Today , the Central Bank has ordered the launch of a local system for settling bank card payments within Iraq, without going through any international entity. The circular clarified the need to adopt national codes such as (BIN) and (AID) to identify payment cards and link them to the national switchboard, which implicitly means eliminating any reliance on global payment networks such as Visa and MasterCard in local transactions. The circular emphasized that this project is “exclusively local” and that it will be completed by the end of this year, in preparation for its official adoption starting early next year.
Motives behind the decision: From sanctions to mobilization.
Banking expert and former Central Bank official Mahmoud Dagher told Baghdad Today that “the decision is partly linked to international sanctions and some pressure on Iraqi banks, so an alternative internal system is being considered.”
He added, “Iraq faces no legal or technical obstacles to establishing this type of system, and many countries have preceded us in this,” but he explained that “local systems remain limited and cannot be used outside the country’s borders.”
It’s worth noting that the decision came after the Popular Mobilization Forces’ salaries were frozen at some banks linked to international payment systems, opening a new door for the Central Bank to restructure its payments infrastructure away from international political influence.
Monetary shift or financial isolation?
The new approach coincides with escalating tensions between Baghdad and Washington, and with the mounting pressure on major Iraqi banks accused of financing entities sanctioned by the US. In this context, the Central Bank appears to have decided to proceed with a project that protects the domestic market from any “potential political freeze.” However, this option, despite its importance in terms of sovereignty, raises questions:
Is it possible to actually dispense with global payment systems?
Is Iraq structurally prepared to operate a closed system capable of meeting domestic demand?
Most importantly, does this project pave the way for a gradual financial decoupling from the dollar?
The National Card Scheme project is not merely a technical decision regarding banking infrastructure; it is a step with political, economic, and security dimensions. If completed by the end of the year as planned, Iraq will have taken its first steps toward “internal monetary independence.” However, this remains conditional on the state’s ability to ensure efficiency, prevent collapse, and build confidence in a system that has yet to be tested in a fragile economic reality.
FIREFLY: Trump is imposing 30% traffics on us here in Iraq!!
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Television says Trump is imposing 30% traffics on us here in Iraq.
FRANK: All you have to do is just raise the value of your currency you knuckleheads...
Did you notice the tariffs he did put on you when he hit everybody else with tariffs was minuscule?
But he's sending out a bunch of letters now and you're on that list.
Why? Because you haven't raised the value of your currency...As soon as you're ready to come out and float and be part of the international world with some reality...and [Trump] will remove the 30%.
US ANGER AT IRAQ IF IT USES RUSSIA’S PAYMENT SYSTEM
US ANGER AT IRAQ IF IT USES RUSSIA’S PAYMENT SYSTEM
Details from Ziad Al-Hashemi
Economic researcher Ziad Al-Hashemi said on Friday that the Central Bank of Iraq’s launch of the “National Card Scheme” system is a step towards strengthening financial sovereignty and reducing reliance on international payment networks. However, the similarity of this system to the Russian “Mir” system, which is subject to sanctions,
may expose Iraq to international accountability and raise American reservations. He pointed out that the lack of full commitment to security and compliance standards, and the lack of clarification of the nature of technical links with external systems,
represents a potential loophole that could be exploited for suspicious financial activities. He called for enhancing transparency and raising the level of caution to avoid any external escalation or suspicions related to the use of this system.
Al-Hashemi stated in a post on the X platform:
🔴 The Central Bank of Iraq has decided to assert its sovereignty over electronic financial transactions within the country by launching the “National Card Scheme.” This is a positive step, but it is not without loopholes that raise more than one question mark.
🔴 According to the bank’s statement, the new system will not be linked to the Visa and MasterCard systems, but will use the same technologies as the Europay-MasterCard-Visa systems to ensure compliance with international standards and enhance security and efficiency.
🔴 The new system is somewhat similar to the Russian MIR system, which enhances national monetary sovereignty and significantly reduces reliance on global payment networks such as Visa and Mastercard, but at the same time, it is linked to some external domestic systems.
🔴 However, the Central Bank did not clarify whether the new electronic card system will adhere to security and compliance regulations such as PCI-DSS, or whether these regulations will be imposed on card users.
🔴 The lack of clear and full compliance with these standards may create future loopholes that could be exploited for innovative fraudulent operations, as has happened in the past.
🔴 The Central Bank of Iraq is also called upon to enhance the transparency of this system and raise the level of prudence to ensure there is no intention to bypass the global financial system. These measures are essential to enhancing the reliability, safety, and security of the new domestic system.
🔴 In the absence of these measures, the new local system will be subject to international scrutiny and accountability, especially if suspicious local transactions or direct or indirect ties to sanctioned payment systems such as Russia’s Mir and Iran’s Shtab emerge.
Jeff: IRAQ already has tremendous security and stability!!
Jeff
They already have tremendous security and stability which is the Central Banks's minimum requirements to be eligible to revalue their currency...
Israel and Iran have recently finished their war.. .
Now that the war is done and they've reached a ceasefire agreement on that war, we're no longer waiting on that step for the rate change. That's now behind us...
EXCLUSIVELY IN DINARS: A STATEMENT FROM THE CENTRAL BANK OF IRAQ REGARDING THE “NATIONAL CARD” FOR ELECTRONIC PAYMENT
EXCLUSIVELY IN DINARS: A STATEMENT FROM THE CENTRAL BANK OF IRAQ REGARDING THE “NATIONAL CARD” FOR ELECTRONIC PAYMENT
Do not cancel Visa and MasterCard
On Friday, July 4, 2025, the Central Bank of Iraq issued a clarification regarding the National Electronic Payment Card Project, noting that the project does not cancel or restrict existing international cards.
In context: The suspension of Iraqi payment cards internationally comes into effect
The bank said in a statement received by Al-Jabal, “The National Electronic Payment Card Project is an additional local option used exclusively within Iraq and in Iraqi dinars. It does not cancel or restrict existing international cards such as Visa and Mastercard . There are also no plans to cancel these cards or prohibit transactions in dollars outside Iraq, as their holders can still use them inside and outside the country as is currently the case.”
He added, “The project aims to reduce payment costs, enhance financial inclusion, diversify options for the public, and provide national cards to all institutions and segments within Iraq, while international cards remain the primary means of spending in dollars or other currencies outside Iraq and for purchases via global websites.”
Thursday Coffee with MarkZ. 07/10/2025
Thursday Coffee with MarkZ. 07/10/2025
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning one and all……hoping today is a great day
Member: I think I may be more confused now than in 2020! I know they said it be chaotic, but Damn
Member: Are paymasters those that will pay us- Will Zurich kick off the RV?????
MZ: Paymasters are for private, pre-arranged exchanges. More for bond holders than currencies. It’s the banks that will pay us.
Member: Mark, who is exactly in charge of the RV? Military, Treasury, Foreign actions, etc.? Hard to know sometimes.
Member: I am also wondering- who exactly is pulling the cord for the RV? Hard to know sometimes…Trump, Iraq, BRICS, Military, Treasury…. Who’s on first?
Member: Everything is on the pulse of July 14th deadline for ISO20022 Basel III compliance for all US banks...14th...15th???
Member: My wife bank is scrambling for ISO 20022
Member: one of my banks sent message they were closing ATMs and mobile banking 11th/13th....now my other bank sent similar message
Member: I think that the iso needs to come in to bring in blockchain, and I think it is necessary for the qfs. and then after that I think this is necessary for r. revaluation
Member: I believe it won’t go until ISO20020 is achieved
Member: Are we going to see a rate this week?
MZ: I don’t know. A very large segment of my bond groups think we will get a rate over the weekend.. But nothing concrete. It’s very clear they are trying to cloud the timing.
MZ: There are more expectations they will get spendable, usable dollars …some say they signed final contracts and should get funds this weekend. Other contacts are quiet and have gone MIA.
Member: This weekend works for me!!!!
MZ: Cross your fingers and hope.
Member: with all the banks updating this weekend….for Fednow and Iso202200….its possible.
Member: When is Iraq going to announce that the oil is flowing. Are the waiting on a rate first?
Member: July14th, top court to hear key cases on delayed Kurdistan salaries. Erbil, Kurdistan Region - Iraq’s Federal Supreme Court is set to review two critical lawsuits on Mon concerning the delayed payout
Member: How is Iraq able to put in so much infrastructure with low currency valuation?
Member: Iraq could keep a suppressed rate when using dollars but they are no longer using the dollars. They have to increase their rate or they’ll go down.IMO
Member: Anyone ever get the feeling Iraq doesn’t want to revalue their currency?
MZ: Many countries are positioning for Iraq being on the international stage. Including India and Kuwait. Many are waiting on this new rate. Of course it is happening
MZ: “American Magazine: Iraq quietly restores its role in International trade” Lots happening behind the scenes like the development road project.
MZ: “The KRG (Kurdistan) has notified the US that they will only allow Baghdad 48 hours to make a decision regarding the issue of funding the Kurdistan regions cival servant employees salaries” This is 48 hours from yesterday afternoon. This should force a conclusion for the oil and gas law…hopefully this week. We should get a decision within 48 hours.
MZ: Lots of thigs appear to be aligning. We need to get off “stuck”
MZ: This one is showing up in my inbox from some panicked individuals. “ IMF comments on Iraq dinar exchange rate” It projects the average exchange rate of the dinar against the US dollar as 1300….the same as 2024. Just a reminder- A similar statement came out the week before and the day of the Kuwait revaluation.
Member: Heard someone say that the RV could occur after the XRP/Ripple case is likely resolved next week. It just goes to show what don't know when or what the trigger will be.
Member: thanks for the encouraging news today Mark. Everyone enjoy your day.
Member: Stay positive and never quit!!!
StacieZ joins the stream today. Please listen to the replay for her information and opinions.
AMERICA IS TIGHTENING IRAQ’S FINANCIAL GRIP WITH THE SWIFT SYSTEM
AMERICA IS TIGHTENING IRAQ’S FINANCIAL GRIP WITH THE SWIFT SYSTEM.
Economic expert, Faleh Al-Zubaidi, confirmed today, Thursday, that the United States of America is using the global financial transfer system “SWIFT” as a tool for political and economic blackmail, exploiting its dominance over the international financial system to impose pressure on countries that do not align with its interests, most notably Iraq.
Al-Zubaidi said in a statement to /Al-Maalouma/ Agency, that “the SWIFT system is used for global bank transfers, but it is actually subject to American control, which makes it an effective tool for punishing countries that deviate from the American line.”
He pointed out that “Iraq is now on the list of countries targeted by the policy of hidden financial sanctions, in order to impose American dictates on its government.”
He added that “the severe restrictions Baghdad is suffering from in international financial transactions fall within the policy of economic pressure, and it is a repetition of what happened with Russia, Iran and China.
” Al-Zubaidi warned that “the continued American control over SWIFT poses a direct threat to Iraq’s financial security and economic autonomy.”
TIDBIT FROM MNT GOAT : IQD UPDATE
MNT GOAT
We can clearly see that Iraq is ready to reinstate their currency and go global with it. It could not be any clearer now.
But first there is work to be done with Iran.. .
my CBI contact has been relaying to me from my conference calls to Iraq and she was spot on!
She said many times that, right now “it’s all about Iran”.
WASHINGTON IS “LURING” BAGHDAD INTO SANCTIONS. WHY IS THERE THIS SILENCE ON THE CENTRAL BANK CARDS?
WASHINGTON IS “LURING” BAGHDAD INTO SANCTIONS. WHY IS THERE THIS SILENCE ON THE CENTRAL BANK CARDS?
Ziad Al-Hashemi warns of a “trap”
Economic expert, Ziad Al-Hashemi, warned the Central Bank of Iraq against falling into the trap of US Treasury sanctions.
He expressed his belief that Washington’s silence and failure to express any position on the recently announced “National Card Scheme” project may be part of the “monitor and punish” policy that Washington has followed for years in dealing with the Iraqi financial system, which has led to the issuance of sanctions against many Iraqi entities and individuals. Al-Hashemi reviewed this in detail, while calling for “learning the lesson” and exercising caution, while raising the levels of compliance and internal control to the highest levels to fortify the new financial system, so that the Central Bank itself does not fall into trouble!
(Monitor and then punish) This is the tactic followed by the US Treasury when dealing with official and unofficial Iraqi parties involved in fraudulent and illegal operations taking place inside and outside Iraq, which tarnish the name of Iraq!
After what appears to have been years of monitoring, the US Treasury has sanctioned, through three executive orders, Iraqi and other shadow businessmen active in the black economy and in the smuggling of Iranian oil and petrochemical products, which are under US sanctions, using official Iraqi documents and in collaboration with parties in Iran, Malaysia, Syria, and Yemen.
This measure is not the first of its kind, and it will not be the last. Previously, Iraqi banks, companies, and individuals have been sanctioned for operating within vast and complex networks of fraudulent black market operations that generate billions for their owners and damage the reputation of Iraq and its economy.
Despite all the manipulation, camouflage, fraud, and concealment methods employed by fraudulent, smuggling, and money laundering networks inside Iraq, and despite all the quasi-political support provided behind the scenes and in complete secrecy, it becomes clearer day after day that most or all of these fraudulent activities are being monitored, tracked, and monitored by the Treasury through sensors that appear to be deeply embedded within these fraudulent systems!
The delay in the US Treasury’s sanctions on these businesses is clearly to allow sufficient time and opportunity to uncover the entire network, its full activities, the extent of its involvement, those dealing with it, the amount of its funds, and other details that would make the case complete and ready for the implementation of sanctions!
The problem with Iraqi fraud, smuggling, and money laundering networks is that they fail to learn lessons or take heed from the experiences of those who came before them and were subject to sanctions. This allows them to continue to become more involved, expand their operations, and inflate their wealth, without caring that everything is being monitored and hacked, and that sanctions are coming at any moment!
Iraq, as a country, has been suffering from numerous sanctions imposed on parties and funds affiliated with the country. These sanctions have increased in a scandalous manner, to the point that there is no Iraqi economic component that has not been subjected to direct or indirect American sanctions, placing Iraq on the list of countries with a bad reputation and lacking legal, financial, and economic discipline.
The National Electronic Payment Card System announced by the Central Bank of Iraq has not been rejected or opposed by the Treasury, as if the Treasury wants to open the door to monitoring how the new system will be used and who will attempt to exploit it to circumvent controls and subsequently fall into the trap of US sanctions.
Therefore, the Central Bank of Iraq must be more cautious this time, learn from what happened previously, fully fortify the new system, and raise the level of compliance and internal oversight to the highest levels, so that it does not fall into the trap of American (monitoring and punishment) as a result of the incorrect implementation or fraudulent exploitation of its new system!
MNT GOAT: STATUS OF RV , PART. 5
STATUS OF RV , PART. 5
More nonsense RV guru intel needs clarity
Again, all you TNT followers of these idiots Tony and Rayren, have to consider the news from Iraq and the situation between Iran and the US concerning the nuclear issue.
Do you really believe, even for a second, that today or even next week can be our day for the RV? Please get off you fat butts and read the news. Stop being so brainwashed by these scammers and look at reality.
I know it’s a wakeup call for many of you, but come ‘on after over 10 years of this nonsense bullshit and you still jump after each intel call? Here is their latest update to their puppet fans:
I quote: “SOME INTEL SOURCES “CLAIM” TODAY IS OUR DAY 😊. WE’LL KNOW FOR SURE IN A FEW HOURS. STAY ALERT STAY READY! “
“THEY “SAY” THE RATE IS, YET AGAIN, PROPAGATING AND SHOULD FULLY APPEAR IN A FEW HOURS. TIME WILL TELL!”
Look at his words. Did you ever read anything so foolish? How many more of these foolish updates must they give? How many more times will they tell you the same old bullshit without anything of substance to back it up. This is not FACTUAL this is fairy-tale land. How much more of this before you wake up and take control of your own mind and reality? I truly feel sorry for all you brain dead TNT puppet followers.
I bring this hypocrisy to you not to be rude or a downer. I bring it because this is why I established my blog in the first place. Given the FACTS then you can decide. You don’t need to be led like a puppet on a string. There are no “secret” sources trying to RV everyday / any day. Get it? Its’ all just fiction and made up new!
Their words not mine…..No Rumors, No Hype, No Opinions
IN OSLO, WITKOFF PLANS TO MEET ARAGHCHI TO RESUME NUCLEAR NEGOTIATIONS
IN OSLO, WITKOFF PLANS TO MEET ARAGHCHI TO RESUME NUCLEAR NEGOTIATIONS.
Axios reported that White House envoy Steve Witkoff plans to meet with Iranian Foreign Minister Abbas Araghchi in Oslo next week to resume nuclear talks.
Sources told the website, in a report published and translated by Shafaq News Agency, that no final date has yet been set, and neither country has publicly confirmed the meeting. However, if it takes place, it would be the first direct talks since US President Donald Trump ordered an unprecedented military strike on Iranian nuclear facilities last month .
A White House official told Axios, “We have no travel announcements at this time.” The Iranian mission to the United Nations declined to comment.
It is noteworthy that Witkoff and Araghchi were in direct contact during and after the 12-day war between Israel and Iran, which ended with a US-brokered ceasefire, according to the sources .
According to the website’s report, “The main issue in any future talks will be Iran’s stockpile of highly enriched uranium, which includes 400 kilograms of 60% enriched uranium.”
Israeli and US officials say the materials are “currently sealed off from the outside world” inside the three nuclear sites attacked during the joint strikes, and that Iran is currently unable to access the stockpile due to damage from the strikes, but that it could be recovered once the rubble is cleared .
Iran announced earlier this week that it had begun implementing a new law passed by parliament suspending all cooperation with the International Atomic Energy Agency .
Araghchi wrote on Thursday that Iran remains committed to the Nuclear Non-Proliferation Treaty and its safeguards agreement .
FIREFLY: They keep talking about what a great job we have done to narrow the gap between the parallel market and the official rate!!
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: They keep talking about what a great job we have done to narrow the gap between the parallel market and the official rate.
----
FIREFLY:The Untied States Federal Reserve still holds our oil reserves, our money, and this affects our economy and our exchange rate. FRANK: Yes, America is still holding on to your oil because we are protecting it...Executive Order 13303 has something to do with it.
It's a good thing. It's not a bad thing...Evil pigs tell you it's going to affect your exchange rate of the dinar. Well, of course it is...but in a positive way. It's going to improve it.
WHERE DO IRAQ’S NON-OIL FUNDS GO? PORTS, TAXES, AND REAL ESTATE ARE EXAMPLES
WHERE DO IRAQ’S NON-OIL FUNDS GO? PORTS, TAXES, AND REAL ESTATE ARE EXAMPLES.
In a country known for its oil before any other resource, Iraq’s non-oil revenues stand on the margins, seemingly a mere figure that no one questions. However, they represent a significant portion of the public treasury, raising the question: Where does that money go?
With mounting warnings about the fragility of the oil-based economy, there is a need to examine the government’s seriousness in collecting and utilizing non-oil resources, amid indications of weak transparency and multiple beneficiaries.
91% Oil… and the rest has no clear impact.
Economic expert Haider Al-Sheikh confirmed to Baghdad Today that “total oil and non-oil revenues for 2024 amounted to 140 trillion and 774 billion dinars, of which 127 trillion and 536 billion dinars are from oil exports, representing 91% of the state’s general budget. “
Non-oil revenues, meanwhile, amounted to only 13 trillion and 237 billion dinars, representing 9% of the budget, reflecting the fragility of financial diversification and deepening the state’s dependence on crude oil revenues.
From the Federal Reserve to Iraq’s payments,
Sheikh points out that “oil export revenues are deposited into Iraq’s account at the US Federal Reserve and then transferred domestically in successive installments,” meaning that oil revenues pass through external channels subject to international oversight.
Non-oil revenues—such as port revenues and taxes—enter directly into the public treasury, giving local authorities greater discretion and raising questions about oversight and accountability mechanisms.
Taxes, levies, fees… and then what?
Non-oil revenues include taxes levied on companies, factories, merchants, and citizens, in addition to border crossing levies and fees imposed on services.
Despite this diversity, these funds remain without a real impact on the balance of services or development, raising serious doubts about their fate. These sums have not made a tangible difference in infrastructure or improved public services, reinforcing the hypothesis that they are being diverted into the political or administrative spending system without real transparency.
2025… The increase in revenues does not guarantee transparency
. According to Al-Sheikh, non-oil revenues for 2025 are expected to exceed 15 trillion dinars, as a result of:
Increasing taxes on goods and services.
Activating the electronic collection system for paying fees and fines.
Expanding the scope of collection from new sectors.
However, this expansion in collection is not matched by increased transparency, as the government has not yet announced precise mechanisms for tracking the amounts collected or the beneficiaries. This makes the potential increase a double-edged sword: an additional resource on the one hand, and an open door to corruption on the other.
A country without resources. Despite its resources,
the question remains open: If the Iraqi state imposes taxes, levies, and fees on virtually every sector, where do its non-oil funds go?
Do they end up in undisclosed spending items? Or are they used to plug chronic corruption loopholes?
If oil is subject to international oversight through the Federal Reserve, domestic funds seem more vulnerable to being lost within the state’s own mechanisms, especially given the multiplicity of actors and overlapping interests.
MNT GOAT: STATUS OF THE RV. PART.5
STATUS OF THE RV. PART.5
😊In this regard we look at article titled “AL-HASSAN FROM KARBALA: IRAQ IS NOT A POOR COUNTRY AND IS OPEN TO FOREIGN INVESTMENT.” Remember that this is the UN speaking here. In the news it states that: Iraq is not a poor country and is open to foreign investment.
The Special Representative of the Secretary-General for Iraq, Mohammed Al-Hassan, praised Iraq’s policy of disassociation from recent conflicts in the region, stressing that the country is now open to foreign investment to improve the economic situation.
In a joint press conference with the Governor of Karbala, Nassif Jassim Al-Khattabi, Al-Hassan said, “What I witnessed in Karbala today is a vivid image of a united Iraq. What we witnessed embodies the meaning of national belonging, and that this belonging is above all considerations.” He added, “The stability achieved in Iraq did not come by chance, but is the result of collective will and precious sacrifices.”
He stressed that “Iraq is not a poor country, but rather a country of goodness, with trained, educated and cultured human resources, not only at home but also abroad. Iraq has distinguished male and female scientists, even at NASA.”
He added, “Iraq has distanced itself from the surrounding political problems, and in light of this, we expect to see nothing but a strong Iraq with a regional and global standing.”
😊Then we read about yet another revenue source in the very near future in article titled “IRAQ TO HALT GASOLINE IMPORTS IN 2025”. But there is much more to this effort by Iraq. Refinery upgrades in Maysan and Najaf are also underway, with officials projecting that completion of these projects will position Iraq to begin exporting refined fuels for the first time in decades.
Although Iraq is a leading oil producer, years of underinvestment in refining infrastructure have forced reliance on fuel imports. However, al-Sudani pledged that the current strategy aims to convert 40% of crude production into domestic downstream products, reducing dependency and increasing revenue. Yes, Iraq is back with the right leadership.
______________________________
Can we end the terrorism threat once and for all?
The Islamic Republic of Iran is NOT going to be allowed to develop a nuclear bomb(s) to destroy Israel or any other nation. This would be like letting Nazi Germany WW2 have “the bomb”. It is that simple in principle, but a strategy of prevention is much harder without starting a war with Iran.
Trumps policy towards Iran thus filters down to Iraq since they are such strong trading partners and next-door neighbors. Trump also says it is time to end this war on terrorism, and I totally agree. Aren’t you sick and tired already of this terrorism too? But you don’t end it with pacification. You end it with strength and power.
Define to Pacify:
The term “pacify” means to ease anger or agitation, calm someone down, or restore peace in a situation. It involves actions that reduce conflict or disorder. Synonyms include appease, soothe, and tranquilize.
If you read the definition, you can see that peace under a dictatorship is never accomplished through pacification. After over 20 years of this terrorist bullshit and what has it brought to the world? It is nothing but suffering and loss, not abundance and prosperity. So why would we want it to continue?
At what point do we say – enough is enough! You must meet the threat head-on and deal with it. This is what has to be done. But today it is very political, and Trump certainly has shown he does not want another full-scale war with American involvement. So how do you do accomplish this goal without a war?
To accomplish this task against terrorism, we needed a very strong leader to lead the U.S. in the effort to deal with this threat of Iran. This leader could not be compromised by the global elitist that are manipulating the world to their liking. They have been using terrorism as their weapon against society to break it down. So, any leader with strong ties to them would not be able to the dirty work that needs to be done.
Trump is dealing with it and has a plan. Sure, we can have peace, and all Trump has to do is look the other way (like other presidents have through their passivity) while Israel gets blown off the map. So, who would be next? We already know the Iranian dictatorship hates the west and has said so. And so go figure who would be next. The weird part about all this is they actually rant and rave about killing innocent people and destroying our nations. So why wouldn’t we take them seriously?
Everyone needs to know and if you remember that it was through the past CIA efforts to train these terrorists that are now instigated these terrorist tactics on the world and even trained many of these terrorist leaders in a “School for Terrorism” in the U.S.
Yes, they were taking foreign radicals from the middle east and training them right in your own backyard in the state of Vermont. Hello Burnie Sanders? What? Yes, is this a surprise to you to learn? So, you think I am lying?
Check out this article in the link below. I know its recent but these same camps were converted then to civilian camps. Oh… but it goes much deeper than this. The CIA was actually running a terrorist training camp in southern Vermont in the 1990’s until enough outcry from the public shut it down. What was going on in this camp? As you drove interstate 91 through southern Vermont they even posted a sign on the side of the highway guiding attendees to the highway exit for the camp. Go figure the latitude and boldness of this effort back then.
PROS, CONS, AND CONDITIONS… WHAT IS THE POSSIBILITY OF ESTABLISHING AN INTERNAL PAYMENTS SYSTEM IN IRAQ?
PROS, CONS, AND CONDITIONS… WHAT IS THE POSSIBILITY OF ESTABLISHING AN INTERNAL PAYMENTS SYSTEM IN IRAQ?
On Thursday, July 3, 2025, international economics professor Nawar Al-Saadi spoke about the possibility of establishing an internal payments system in Iraq, noting that the project’s “success” requires several conditions.
Amid the Popular Mobilization Forces’ salary crisis and the imposition of sanctions on several Iraqi banks, specialists have proposed “establishing an independent Iraqi national payments company,” aiming to “transcend reliance on foreign financial systems such as Visa and MasterCard, which often slow or restrict payment transactions due to factors beyond the state’s control.”
Proponents of the proposal believe that establishing such a platform could “constitute a step toward building an independent digital economy that strengthens the state’s control over its financial institutions, expands the horizons of national financial inclusion, and gradually paves the way for decoupling from foreign exchange instruments that impose their guardianship over our sovereign decisions.”
In this regard, Nawar Al-Saadi told Al-Jabal platform, “The step of establishing an internal payments system in Iraq will bring it closer to international standards in financial system management and enhance the credibility of the banking system with correspondent banks and international financial institutions. The existence of a reliable internal payments system means that Iraq is capable of managing its funds and transactions in a civilized and organized manner, which supports its position in international financial and trade relations. ”
He added, “On the other hand, there are challenges and negatives if the project is not managed with a realistic vision, which are as follows:
First, Iraq’s technological and banking infrastructure remains weak in many areas, and there is a significant digital divide between major cities and rural areas. If this system is imposed without a ready environment, it could create social resistance or disrupt daily transactions.
Second, a large percentage of citizens are still unfamiliar with electronic payments or banking transactions. Therefore, imposing the system without awareness and gradual integration may strengthen the informal market and increase friction between the state and citizens.
Third, the system requires advanced cybersecurity protection, otherwise it will be vulnerable to breaches, especially in a fragile security and economic environment like Iraq’s. Any flaw in cybersecurity could erode citizens’ confidence in the new system and force them back to cash transactions.
The professor of international economics concluded by saying, “Establishing an internal payments system is a step in the right direction, serving the interests of the Iraqi banking system in terms of regulation, trust, and financial inclusion. It also strengthens Iraq’s image globally. However, its success depends on two fundamental factors:
- – Technical and banking infrastructure.
- – The degree of community acceptance of him.
- Both require time, effort and a clear strategy, not just administrative decisions or imported technologies.”
MNT GOAT: STATUS OF THE RV . PART.4 BY MNT GOAT
STATUS OF THE RV . PART.4
😊Please go the articles section and read the article titled “PROS, CONS, AND CONDITIONS… WHAT IS THE POSSIBILITY OF ESTABLISHING AN INTERNAL PAYMENTS SYSTEM IN IRAQ?” to get the full article and all the details.
On Thursday, July 3, 2025, international economics professor Nawar Al-Saadi spoke about the possibility of establishing an internal payments system in Iraq, (which is the National Card Scheme Project I just talked about above) noting that the project’s “success” requires several conditions.
I encourage everyone to go read all these article concerning this next move by the Central Bank concerning this National Card Scheme project. All of these articles are interconnected and are chock full of information, if you take the time to read them all and understand what is about to happen.
It is all going to have a huge impact on the Iraqi financial system. Even though this system deals in the internal and not external monetary system directly, it may be a driving force for external monetary independence or at the minimum raise many questions about what the U.S. has been doing to prevent Iraqi sovereignty not help it.
But wait…there is more to this situation…..
☹If you read the news in the article titled “WASHINGTON IS “LURING” BAGHDAD INTO SANCTIONS. WHY IS THERE THIS SILENCE ON THE CENTRAL BANK CARDS”. So we find that it is not all as simple as it seems. Economic expert, Ziad Al-Hashemi, warned the Central Bank of Iraq against falling into the trap of US Treasury sanctions.
Now as investors we have to buckle down and ride the wave with the situation with Iran. We have no choice. We can write to our congress and senate reps asking they specific statements about the lack of Iraq sovereignty and why we fought the war to begin with, but please don’t make statements about the RV or reinstatement of the dinar. These events will just happen, almost automatically once full monetary independence is regained again. I believe that the National Card Scheme project is a major step in the right direction.
When I read all these articles dealing with the Iraq monetary sovereignty, I can’t help to vision that the U.S. is trying desperately to keep Iraq on the petro- dollar. Right now the petro-dollar backs up the U.S. dollar with these vast oil reserves of Iraq.
is this why the Federal Reserve still maintains a stronghold on the Iraqi wealth by controlling the funds from the oil revenues by still mandating the petro-dollar even though the UN sanctions are relieved. Yes, the sale of oil should also be included in these changes resulting from the relieve from these UN Chapter VII sanctions. Why hasn’t this yet happened?
If you have been a faithful followers of the Mnt Goat Newsletter, you know about the articles we read the past articles about the Iraqi desire and a plan to get off the petro-dollar. So, it is in the mind of the CBI to do so and I believe eventually they will do it. This would truly be monetary independence for Iraq and it would force the reinstatement if it had not yet already occurred.
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