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Thursday, July 24, 2025
THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE?
THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE?
Private sources confirmed that the United States has decided to completely halt cash dollar shipments to Iraq, a move described as potentially the beginning of a “financial blockade” on some Iraqi banks involved in currency smuggling and money laundering.
(The operative word is “completely” not just to some banks. This will force getting off the sole peg to the US dollar. Do you see the strategy Iraq is playing out here? They desperately need to get off this peg and to a “basket” of currencies the IMF already has lined up to use.)
According to a source who spoke to Al-Mustaqilla on condition of anonymity, Washington’s decision does not pertain to Iraq as a country, but rather targets specific banks suspected of involvement in suspicious dollar transfers to countries subject to international sanctions. This has angered the US Treasury, prompting it to tighten controls on dollar movement within the Iraqi market.
Sudden drop in exchange rate after the decision
Remarkably, the US decision coincided with a significant decline in the dollar exchange rate in the Iraqi market. Experts interpreted this as a natural consequence of the restrictions on the circulation of cash and the prevention of its smuggling abroad. This led to an increase in supply in the local market and a temporary decline in its price.
The source indicated that this step represents a major shift in cash liquidity management in Iraq , making it difficult for suspicious entities to continue smuggling or manipulating the currency market.
(The US has blocked dollars before but this time to EVERY bank in Iraq and Iraq as a whole. I look at this as the final nail in the coffin for the parallel market. We should see the Iraq dinar rise to very close to 1100 very soon. We would like to see a target of 1000. Do you know why? )
FRANK26: Iraq Enters 'Conversion Phase' as Rate Gap Shrinks Below 4% — Massive Move Incoming! 🔥🇮🇶💱"
Frank26
The financial advisor Saleh have told the Iraqi citizens the difference between the official rate of our currency and the parallel rate is now approaching less than 4% and that indicates you've entered the 'conversion phase'
. ..Do you realize how close we are to what they want to accomplish? This is monstrous...This is phenomenal what we are witnessing.
This month is crucial in the exposure phase IMO.
They will not let parliament see it for the next whole month while they are working to present it to the citizens. This is a brilliant tactful move to continue protecting the new exchange rate. If it was still at 1310 there would be no secrecy.
PARLIAMENTARY OIL COMMITTEE: OIL AND GAS LAW SUSPENDED FOR POLITICAL REASONS RELATED TO KURDISH TERMINOLOGY
PARLIAMENTARY OIL COMMITTEE: OIL AND GAS LAW SUSPENDED FOR POLITICAL REASONS RELATED TO KURDISH TERMINOLOGY
Member of the Parliamentary Oil and Energy Committee, MP Ali Mashkoor, confirmed on Sunday that the oil and gas law is suspended for purely political reasons related to Kurdish terms that are to be included in its provisions.
Mashkoor said in a televised interview followed by (IQ): “Even the oil and gas law is suspended, not for technical reasons, but for purely political reasons related to Kurdish terms that are to be included in the law.”
(Later on you will read an article that lines up with the beginning of what should be included in the Oil and Gas Law and so hope to get this law passed soon is not really off the table. Why should Kurdistan keep pumping oil when their share of the oil revenues are not being paid to them. The GOI is already 3 months behind in payments, including July’s. They also see that the CBI brags about $110 billion dollars in reserves and so what are they to think?)
MARKZ: "INSIDE SCOOP: MarkZ Drops Huge RV Clues — Is the Big Week of July 28 Finally Here?!"
EXCERPTS FROM MARKZ
"I do think we are almost at the end. Although no one knows the exact timing… events point to this being very close." – MarkZ
No new updates on groups or bonds since yesterday, but the situation remains encouraging.
Al-Sudani’s office reported a phone call with the US Secretary of State, focusing on restarting oil production in the Kurdish region.
Significant trade deals announced by Trump with Japan, Indonesia, the Philippines, and Vietnam, seen as important economic signals.
Discussion on NESARA/GESARA and the possibility of the RV happening soon.
MarkZ’s gut feeling points to the week of July 28 as a likely timeframe.
Mixed feelings of hope and caution: “Hope for the best, but prepare for the worst.”