✅ It’s a confirmed fact: ➤ Short-lived banking pause will happen before the new rate is released. ➤ Pause will occur after banking hours, ending when normal operations resume with a new currency. ➤ Includes stock market, transfers, Western Union, and all financial services — temporary freeze.
Iraq faces mounting pressure from: ➤ AMF, IMF, EMF, and other global financial entities. ➤ Threats include ;sanctions and pulling U.S. investors. ➤ Tied to Iraq’s continued use of the U.S. dollar and economic dependency.
🇺🇸📣
Trump’s Demands
Donald Trump is pushing Iraq to: ➤ Use their own currency globally 🪙 ➤ Eliminate USD dependency 💵 ➤ Stop all currency smuggling to Iran 🛑🇮🇷 ➤ Lift all restrictions and assert financial sovereignty 🌐
SOURCE : The Ministry of Commerce discusses with the ITC the latest developments regarding Iraq's accession to the World Trade Organization and enhancing technical support.
The Ministry of Trade announced today, Tuesday, that the Department of Foreign Economic Relations held a meeting with representatives of the International Trade Centre (ITC) to discuss the latest developments related to Iraq's accession to the World Trade Organization (WTO) and ways to enhance technical cooperation to support this process.
A statement issued by the ministry's media office, quoting the department's director general, Riyadh Fakher Al-Hashemi, stated that the meeting discussed prospects for joint cooperation in reviewing the technical files prepared by the accession team in coordination with the technical committees emanating from the relevant national committee.
The statement emphasized the importance of the technical and technological support provided by the International Trade Centre, particularly during this critical phase, given its significant role in enhancing the efficiency of national teams and strengthening institutional readiness for accession requirements.
The meeting also addressed efforts to update the Nationally Determined Contributions (NDC) document, in coordination with sectoral bodies, in line with government policies aimed at integrating environmental and sustainability concepts into economic and trade policies.
At the conclusion of the meeting, Al-Hashemi stressed that the meeting was part of the department's ongoing efforts to develop Iraq's trade policy and enhance institutional and technical capabilities,
supporting Iraq's accession to the World Trade Organization and strengthening its presence in the multilateral trading system.
For their part, representatives of the International Trade Centre praised the progress made in the accession file and the level of coordination with the Department of Foreign Economic Relations, stressing their readiness to continue providing the necessary technical support to complete the accession requirements link
Coffee with MarkZ, joined by Andy Schectman. 07/30/2025
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- Someone make a phone call, I’m ready for this to pop!
Member: RV there yet???????
MZ: Starting with Iraqi news: “Al-Harki: the oil agreement between Baghdad and Erbil is a step towards the approval of the Oil and Gas Law” We have been told over and over again that the oil and gas law is the key. We have a clear steady step in that direction.
MZ: Many are thinking that this agreement should give us the Oil and Gas Law very quickly.
MZ: “Central Bank of Iraq: Decline in public expenditure and stability of domestic debt” Think of this as their version of “DOGE” They have started electronic payments so salaries go out digitally. No more stealing. They have managed to cut 10% by cleaning things up and getting rid of the grift.
Member: no more 3 payments to the same person with different names
MZ: “Minister of Planning announces a reduction in the poverty rate to 10.8 during 2024” They have come a long way over the last few years. They are better than the US who has 11.1% poverty.
Member: Mark, who would have ever dreamed that Iraq would be our example??
Member: Yes, Iraq out performs the US and many other countries with regard to inflation, poverty, debt, and all markets per capital, and yet we have no control over them, revaluing their currency?
MZ: This is interesting. “The clash between fiscal and economic policy” Video …..They are talking about Trump , Powel and the Federal Reserve and the US Treasury. The suspicions that they are domesticating the Federal Reserve and they are openly discussing putting the oversight directly under the US Treasury. This means they could audit it and take a look at it. This is what the Trump Administration is pushing for the Federal Reserve. It is time to audit the Fed.
MZ: This economist is talking about the “Quiet Takeover” of the Federal Reserve by the Trump Adminsitration and the US Treasury. Moving power back to the US Treasury where it constitutionally belongs.
Member: I listened to the clip It was exciting hinting at more control to Treasury
Member: What will they do with the FED bldg after the FED is gone ?
Member: Federal Reserve Act was passed on Christmas break after most of Congress had left DC .. It would have never become law otherwise .. more political shenanigans ...
Member: The Tsunami is here, the "financial tsunami"....the comms are off the charts right down to Aug 1st
Member: IMO Gold backed and commodity asset backed is the only way really to get us out of this mess
Member: I just want a large enough announcement to unstuck us
MZ: Unfortunately I do not have a bond update for you….but there is still huge expectations …just no news. Maybe I will have more news by tonight. I did get an update from a group contact that he was told to travel. He just landed out west yesterday evening.
Member: Maybe no news is good news?
Member: Trump just slapped a 25% tariff on India, hopefully that'll put us up to 750 billion to get rid of taxes
Member: I'd be happy if just the IRS went away if the rv still has a long way to go
Member: Anyone ready to go on an RV trip??
Member: Thanks Mark, Mods and Andy…..Hope everyone has a great day.
Andy Schectman from Miles Franklin joins the stream….Please listen to the replay for his information and opinions.
