Friday, July 25, 2025
The Central Bank Announces Banking Facilities And Amendments To Cash Withdrawal Fees (Document)
The Central Bank Announces Banking Facilities And Amendments To Cash Withdrawal Fees (Document)
Economy 2025-07-24 | 07:54 Source: Alsumaria News 1,528 views Alsumaria News – Economy announced The Central Bank of Iraq a series of banking updates and facilities on Thursday. According to a document issued on July 24, 2025, and addressed to all banks and electronic payment service providers , the Central Bank decided the following:
-Adjusting cash withdrawal fees through point-of-sale (POS) devices and automated teller machines (ATMs). The withdrawal fee is deducted electronically, and the citizen does not pay any fees directly to the bank outlets. Banks and companies compete to provide their services to the public to achieve the public interest and improve service.
https://www.alsumaria.tv/uploadImages/ExtImages/Images1/209df88b-af4a-4af0-8edb-670a183c6c78-638889549515588061.jpeg
FRANK26: "Iraqi Dinar on the Brink: Banks Quietly Preparing for 1-to-1 Rate, Says Frank26"
🧠 Frank26 Intel Summary:
Bank attitudes have changed: At first, banks dismissed the Iraqi Dinar as a scam. Now, they are respectful and acknowledge that they're preparing, even if they don’t know the exact timing.
Readiness: Frank believes the banks and Iraq are fully prepared and just under 2% away from full compliance, as required by their budget.
Political shift: The process is no longer controlled by Iranian-influenced politicians. Frank thinks Trump is done playing games and is pushing things forward.
Exchange rate excitement: Daily reports show the U.S. dollar weakening in Iraq, a sign that the market is aligning with the official exchange rate.
Expected rate: Frank’s opinion is that the true rate isn’t 1310 IQD, but actually 1 to 1 (1 Dinar = 1 Dollar).
Worth $100 billion: Iraq's "mysterious wealth" on three continents revealed
Worth $100 billion: Iraq's "mysterious wealth" on three continents revealed
The British website " Amwaj " reported on Thursday that Iraq is facing major challenges and complications in recovering "lost properties" in Asian, African and European countries, estimated at a value of approximately $100 billion. It confirmed that these properties include palaces and villas located in France, Italy, Spain and Britain, "tea, rubber and tobacco" plantations in Malaysia, Sri Lanka and Vietnam, an oil refinery in Somalia, in addition to agricultural lands in Nigeria and Yemen .
The website indicated in a report translated by Shafaq News Agency that "the Iraqi parliament's Foreign Relations Committee launched an initiative in June to recover billions of dollars in state assets believed to be scattered across Africa, Asia, and Europe. This move came just weeks after Somali President Hassan Sheikh Mohamud informed his Iraqi hosts during the recent Arab Summit that an oil refinery built by the Iraqis outside Mogadishu in 1974 was still intact, but had long been neglected ."
According to the report, "The news of the neglected oil facility prompted Iraq to deeply reevaluate its efforts to access the country's long-neglected foreign assets. During the global oil boom, and after Baghdad nationalized its oil industry in 1972, Iraq made a wide range of acquisitions and investments, including luxury real estate in Europe, farms in Asia, refineries in Africa, and other projects aimed at expanding Iraq's economic influence, diversifying its resources, and strengthening diplomatic relations under the rule of former President Saddam Hussein ."
The report continued, "After the imposition of international sanctions in the 1990s, many of these assets were suddenly frozen, and the situation became more opaque after a large portion of these assets disappeared from Iraqi records following the 2003 invasion. Stolen archives, destroyed documents, and fraudulent transfers to private entities created a legal ambiguity surrounding these assets ."
He pointed out that "efforts to recover these properties and assets began in the mid-2000s, with more than $2.5 billion in frozen funds likely recovered, but physical assets have been largely ignored." He explained that "there is speculation that many properties have been sold illegally, while others appear to have been neglected or fallen under the control of other individuals or entities, sometimes even armed groups ."
The report noted that "in many cases, the Iraqi state is no longer aware of these assets, leading to what lawmakers and local media have dubbed 'forgotten wealth.'" In 2021, the Parliamentary Integrity Committee estimated that up to $240 billion in public funds, including foreign assets, had been smuggled abroad or even embezzled .
He noted that "Iraqi lawmakers now estimate that at least 50 major assets abroad remain unaccounted for, believed to be worth between $80 and $90 billion, although some estimates put the value at as high as $100 billion." He added that "the news of the Iraqi oil refinery near Mogadishu has raised concerns among Iraqi lawmakers about the need to do more to address the state's neglected assets abroad. The House of Representatives has also called on the Ministry of Foreign Affairs to take urgent steps to identify and recover foreign assets and investments ."
The report added, "While a special parliamentary investigation committee was formed to follow up on the issue and coordinate with relevant ministries, the Iraqi government launched a global search campaign and tasked a group of government agencies with verifying ownership, addressing legal obstacles, and facilitating its recovery. Meanwhile, the authorities launched a project to map historical assets to rebuild Iraq's foreign portfolio, drawing on embassy records and the expertise of retired diplomats. The ultimate goal of these steps is to prepare a comprehensive master list of state assets and direct diplomatic and legal efforts to recover them ."
He pointed to "major obstacles, including property disputes, as legal ownership documents may become ambiguous over time, or the occurrence of illegal sales, which will force Iraqi authorities to provide conclusive evidence for their cases before foreign courts," adding that "the situation has become more complicated with the loss or theft of original documents after the collapse of the regime in 2003. "
The report stated that "nullifying some unauthorized transactions may require lengthy legal battles. Iraq does not guarantee diplomatic cooperation from host countries, as some governments are believed to have shown reluctance or slowness in providing assistance. There are also complications related to the fact that some armed groups or informal settlers have occupied properties in the area," calling on Iraqi authorities to "press hard to regain control of foreign assets ."
“With federal government revenues estimated at 147.8 trillion Iraqi dinars ($123.2 billion) in 2024, more than 90% of which are oil revenues, recovering 10% of this lost wealth abroad could help bolster Iraq’s public budgets,” she explained. “This issue will test the seriousness of ongoing efforts in the coming months. If successful, Iraq will have succeeded in diversifying the economy and strengthening public confidence in governance. It will also signal a broader shift in how Iraq confronts its long and ongoing legacy of corruption and mismanagement link
BRUCE HIGHLIGHTS: "BREAKING: Massive Global Financial Shift Could Start THIS WEEK – Are You Ready?"
⭐️BRIEFEST BIG CALL NOTES FOR TUESDAY JULY 22ND, 2025":
🧠 Intel Summary:
Canada: Intel suggests HSBC is no longer in Canada and has been absorbed by a larger bank. There may be communication via Wells Fargo emails, so keep an eye out and try the provided phone number if available. Bruce expresses support for Canada — even joking about it becoming the 51st U.S. state.
Timing: Two possible intel windows are being discussed:
Wednesday/Thursday (July 23–24)
Thursday/Friday (July 24–25)
Latest possible date (back wall): Monday, July 28
Bruce believes Thursday the 24th is the likely start. Expect a potential email tomorrow (Wednesday)with instructions to call, give your ZIP code, and be connected with someone at your exchange center. Bruce values this personal contact.
Rates and Forex:
No exchange rates appeared on screens today, and staff left early.
However, an email is expected tomorrow, and people will return to the centers.
The Iraqi Dinar rate is still not live on Forex (which usually updates Wednesdays and Sundays), but Bruce believes it could show up tomorrow.
The Dinar contract rate is expected to increase to the desired range. If it's not offered, Bruce advises to politely ask for it. DJT (Trump) wants people to get the full rate.
DOGE & Social Security (SS):
DOGE disbursements may begin August 1–3, based on name order and via direct deposit. Bruce says this will be substantial.
Social Security increases are also expected in August, hitting on your regular payment day — benefiting those without currency as well.
QFS Accounts & RV (Revaluation):
Restitution and Reclamation (R&R) funds might already be in QFS accounts.
Bruce believes the RV will occur Thursday/Friday, possibly earlier.
Final Notes:
Bruce briefly mentions Sue and a program she still offers.
He expresses gratitude and love to his team and listeners, emphasizing everything is aligning well and that this could finally be the week for the long-awaited event.
Al-Ziyadi: The government is either unable or deliberately obstructing the submission of the 2025 budget schedules
Al-Ziyadi: The government is either unable or deliberately obstructing the submission of the 2025 budget schedules.
MP Mohammed Al-Ziyadi accused the government on Thursday of being unable or deliberately delaying the sending of the 2025 budget tables to the House of Representatives, which led to a paralysis in the provision of services to citizens.
Al-Ziyadi said in a statement to Al-Maalouma Agency, "The government is either unable or is creating obstruction by not sending the approved budget tables to the House of Representatives," adding that "all local governments today are unable to provide services to their people due to the absence of a budget and the failure to approve its tables.
" He called on "the Prime Minister to assume responsibility and send the budget tables to Parliament as soon as possible, stressing that "the ball is now in the Prime Minister's court, and his government must act quickly so that citizens can see the services they deserve."
It is noteworthy that the House of Representatives had previously hosted the Minister of Finance to discuss the budget tables and the reasons for the delay in sending them. link
Tishwash: Parliamentary Finance: Current revenues are sufficient to cover the salaries of central and regional employees and retirees.
Parliamentary Committee Chairman MP Atwan Al-Atwani stated, "There is still no real ceiling for the budget deficit. This is because expenditures and revenues have yet to be studied to determine the overall budget deficit ceiling."
Al-Atwani explained in a statement (published by Al-Masry today, Thursday 7/24/2025), that “the Ministry of Finance, along with other ministries, is currently working on solutions after adding stalled projects and projects to relieve bottlenecks, to indicate the new obligations included in the 2025 budget.”
He explained that "Iraqi oil sales on the global market are currently sufficient to cover the salaries of employees and retirees, but the irregular flow of cash may cause delays in paying those salaries," noting that "current revenues are sufficient to cover the salaries of all employees and retirees in the central government and the Kurdistan Region."
The head of the Parliamentary Finance Committee reiterated that "employee rights are fully protected and secured, and that once the budget schedules are approved, bonuses and promotions will be issued and will take effect from the date of issuance of the relevant orders."
The Parliamentary Finance Committee settled the controversy surrounding the budget deficit ceiling reaching approximately 83 trillion dinars, while reassuring employees and Parliamentary Committee Chairman MP Atwan Al-Atwani stated, "There is still no real ceiling for the budget deficit. This is because expenditures and revenues have yet to be studied to determine the overall budget deficit ceiling."
Al-Atwani explained in a statement (published by Al-Masry today, Thursday 7/24/2025), that “the Ministry of Finance, along with other ministries, is currently working on solutions after adding stalled projects and projects to relieve bottlenecks, to indicate the new obligations included in the 2025 budget. link
WALKINGSTICK : IRAQI BANK AKI UPDATE: "Iraqi Bank Insider Hints at New Dinar Rate Between $2–$3, Awaiting Official Release"
Walkingstick reports that Iraq is no longer under any international sanctions, including financial restrictions.
The IMF has officially given Iraq full freedom to manage its exchange rate, confirming developments inside the Central Bank of Iraq (CBI).
The restrictions or "handcuffs" on Iraq’s currency have been removed, allowing the country to move forward.
Although Iraq is still in a legal transition phase, there are no active limitations on the CBI or its currency operations .
An update from Walkingstick’s Iraqi banking contact "Aki" indicates that while Aki himself hasn't seen the new exchange rate yet, his boss in Iraq has it and will share it when appropriate.
Both confirm there's frequent discussion about the new rate, with expectations that it could be between $2.00 and $3.00 USD per dinar, in their opinion.
Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It
Revealing The Cause Of The Economic Recession In Iraq And The Dollar's Connection To It
Time: 2025/07/23 20:29:01 Reading: 930 Times
{Economic: Al-Furat News} Economic researcher Ahmed Abd Rabbo revealed that the decline in the dollar exchange rate in local markets, although an indicator of economic and Iraqi dinar recovery, comes amid an economic recession primarily due to the failure to approve the budget and the decline in oil prices. Abd Rabbo warned, in a statement to {Al-Furat News}, that:
"The current recession is mainly caused by the failure to approve the budget and the decline in oil prices, which could significantly increase the fiscal deficit," warning that "the fiscal deficit could rise to
85 trillion Iraqi dinars, according to current indicators."
Abdul Rabbo pointed out that "there are significant efforts by monetary policy that are not limited to the dollar exchange rate alone, but also include supporting borrowing and stimulating the market,
including the "Baghdad Pulse" initiative and others, all of which aim to support the civilized image of the capital and the economy."
He explained that "those who control the price of oil are external factors subject to wars and demand, and therefore price fluctuations negatively impact Iraq."
The economic researcher stressed that "maximizing non-oil revenues is something that must be achieved," expressing his "regret for the lack of a genuine will to support the country's agricultural and industrial sectors."
https://alforatnews.iq/news/كشف-سبب-الركود-الاقتصادي-في-العراق-وصلة-الدولار-به
MARKZ: "Optimism Builds as Bond Holders Travel and Key Financial Milestones Are Met"
EXCERPTS FROM MARKZ
Note: All opinions shared are personal and not financial advice.
MarkZ discussed ongoing optimism in the currency and bond investment community. While he couldn't share specific details, he confirmed that some bond holders have traveled for meetings, including some happening today in Europe.
These individuals are reportedly positive and under confidentiality.
There was speculation from listeners about the 30% threshold being met, and whether the historic bonds being processed include Zim bonds.
MarkZ clarified these are historic bonds, and Zim is expected to be redeemed when the currency revaluation (RV) happens.
Rumors suggest a potential dinar rate of $4.40, but MarkZ emphasized the official rate remains around 1300 IQD to 1 USD. His sources expect a revalued rate closer to $3.80–$4.00.
One significant development: Kurdistan has officially received salary funds for May, marking a key financial milestone in Iraq, seen as a positive sign for progress.
Listeners expressed hope for RV-related activity over the coming weekend, referencing a visit by former President Trump to the new Federal Reserve headquarters.
StacieZ joined the stream, and listeners are encouraged to replay the video for her full update.
Through 5 Factors, Iraq Aims To Bring The Dollar Exchange Rate To "Conformity"
Through 5 Factors, Iraq Aims To Bring The Dollar Exchange Rate To "Conformity"
Energy and Business breaking 2025-07-22 Shafaq News – Baghdad Financial and economic advisor to the Prime Minister, Mohammed Shia al-Sudani, revealed on Tuesday five factors that could help narrow the gap between the official dollar exchange rate and its parallel market price, potentially leading to "convergence" between the two rates.
The official exchange rate of the dollar, approved by the Central Bank of Iraq, is 132,000 dinars per $100. Meanwhile, the parallel market exchange rate has approached 139,000 dinars over the past two days in Baghdad and the Kurdistan Region, representing a gap the government is seeking to bridge.
Mazhar Mohammed Saleh told Shafaq News Agency, "The decline in the value of the dollar on the parallel market, in favor of the Iraqi dinar, and its approach to the official rate, is due to several reasons and factors, the first of which is the ban on dealing in dollars domestically, especially in the real estate sector, which constituted a major deterrent to the phenomenon of dollarization." He added,
"The second factor is the shift to a policy of foreign exchange bolstering through international correspondent banks, which handled foreign transfers after the
Central Bank's window ended at the beginning of this year, reducing the risk of resorting to high-cost informal financing." Saleh continued,
"The entry of small importers into the formal financing system and their reliance on a fixed exchange rate for external transfers, which constitutes approximately 60% of total foreign trade, is the third factor in narrowing the gap."
He pointed out that "the fourth factor is the expanding culture of using electronic payment cards in foreign currency among travelers, which has eased the pressure on demand for cash dollars, in addition to facilitating travelers' access to their dollar share through airports, subject to clear controls."
The fifth factor, according to Saleh, is "the price defense policy through the expansion of cooperatives for consumer goods and building materials, financed by imports calculated at the official exchange rate of 1,320 dinars per dollar, reflecting the integration of monetary, fiscal, and trade policies within the government program."
The financial advisor concluded his statement by saying, "The fact that the difference between the official and parallel rates is approaching less than 4% indicates that we have entered the convergence phase, as this difference represents only the cost of transactions." https://shafaq.com/ar/اقتصـاد/عبر-5-عوامل-العراق-يستهدف-الوصول-بسعر-الدولار-لى-مرحلة-التطابق
Thursday Coffee with MarkZ. 07/24/2025
Thursday Coffee with MarkZ. 07/24/2025
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…. Maybe we will get lucky and our notifications will come out this coming weekend
Member: I quit watching Soap Opera's decades ago and now I am living in one.... shm
Member: We could sure use some good news today
Member: Mark, what happened to all the bond people who were given money to travel?
MZ: That’s part of what I cannot talk about. Lets just say a number of them traveled. They are now extremely positive and won’t talk about what happened. Some traveled this week and have meetings today. One meeting starts very soon in Europe. I hope I am able to share this update.
Member: I hope those that traveled put us at the 30% requirement.
Member: The Bonds are going soon then the currency? Does these bonds mean the Zims?
Member: These are historic bonds…..Zim is supposed to go when currencies go……imo
Member: There are rumors the dinar rate is $4.40
MZ: The rate has not changed yet. The official rate is still around 1300 to $1 USD. Most of my sources still believe the rate will be around $3.80 to $4.00 We will see.
Member: Guess no Christmas in July this year.
MZ: I still think Christmas in July is very reasonable.
MZ: “ Kurdistan finances announces the receipt of the salaries of the regions employees for the month of May” We now know it has officially happened and the money is where it needs to be. This is a major breakthrough.
Member: Pres. Trump tours the new Federal Reserve headquarters today……Maybe something happens after that?
Member: Is it to early to know if redemption folks are working this weekend??
Member: when a kid gets in the car to go to Disneyland on family vacation cross country they soon begin to say "are we there yet?" .. We're in the car headed to RV & we'll be there soon kids . . lol
Member: We are almost there folks! Hang on …it is a crazy ride!
Member: Thanks Mark and mods… ..I do appreciate you very much for all you do. Thank you.
StacieZ joins the stream today. Please listen to the replay for her information.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 )https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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🌟 FIREFLY UPDATE: Iraq’s Currency Shake-Up Could Reshape the Economy 💰 #frank26 #dinarrevaluation
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