Why Iraqis Are Lining Up for Dollars: Is a New Economic Crisis Coming? #IQD #dinarrevaluation

 

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Iraqi factions: Europe’s forces legitimate targets if they back US-Israel strikes on Iran

 Iraqi factions: Europe’s forces legitimate targets if they back US-Israel strikes on Iran

 Shafaq News- Baghdad  The Islamic Resistance in Iraq, an umbrella for Iran-aligned armed factions, has warned that European countries supporting US and Israeli military operations against Iran could see their forces and interests in Iraq and across the region targeted. 

In a statement on Thursday, the group described the United States and Israel as “mobilizing allies” against “the free people of the Islamic Republic and the region.” It warned that any European country participating in the military campaign “will be considered an enemy of our peoples and sanctities.” 

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The warning comes as fighting between the United States and Israel on one side and Iran on the other has intensified since Feb. 28, when joint strikes targeted sites inside Iran, prompting Tehran to launch retaliatory missile and drone strikes on Israel and US military bases in Bahrain, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. 

In Iraq, factions aligned with Tehran have stepped up activity under the banner of the Islamic Resistance in Iraq, claiming rocket and drone attacks against what they describe as “enemy bases” in Iraq and neighboring areas. 

Several European countries have also taken steps tied to the conflict. The United Kingdom allowed the United States to use its military bases for what Prime Minister Keir Starmer described as “defensive strikes,” and deployed helicopters with anti-drone systems and a warship toward Cyprus after a drone struck a British base there earlier this week. 

France reinforced its presence on the island with a frigate and additional air defense assets, according to President Emmanuel Macron. Spain, however, rejected the US strikes, prompting US President Donald Trump to threaten a full American embargo on Madrid in response to the socialist government’s position. 

Read more: Post-Khamenei Iraq: Factional pressure Vs. state sovereignty 

https://www.shafaq.com/en/Iraq/Iraqi-factions-Europe-s-forces-legitimate-targets-if-they-back-US-Israel-strikes-on-Iran

MILITIAMAN: Sudani Emerges as Likely Prime Minister as Maliki Steps Aside

 New commentary circulating within geopolitical and economic analysis communities suggests a major political shift in Iraq could soon take place.

According to insights shared by Militia Man, reports indicate that the nomination of Nouri al‑Maliki may be officially withdrawn, potentially clearing the path for Mohammed Shia' Al‑Sudani to become Iraq’s next Prime Minister.

If confirmed, this development could mark a significant step toward a more stable government and deeper economic integration for Iraq.

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Withdrawal of Maliki’s Nomination: A Major Political Development

Recent reports suggest that political blocs inside Iraq are preparing to formally remove Maliki from the prime ministerial race.

If this occurs:

• A public statement is expected soon.

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• Political blocs may unify behind a new candidate.

• The focus would shift toward forming a stable governing coalition.

Many observers believe this move could reduce political deadlock and accelerate government formation.

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Why Sudani Is Seen as the Leading Candidate

According to analysts following the situation, Mohammed Shia' Al‑Sudani is widely viewed as the strongest candidate for Prime Minister for several reasons:

1. Largest Political Bloc

Sudani reportedly has the backing of one of the largest blocs in parliament.

2. Administrative Experience

He has previously held key government positions and is viewed as experienced in governance.

3. International Support

Many analysts believe he has broader regional and international acceptance, which is crucial for economic cooperation and investment.

These factors position him as a consensus candidate capable of stabilizing Iraq’s political landscape.

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Iraq Preparing for Global Financial Integration

Beyond politics, another major development discussed by observers is the economic preparation happening within Iraq’s financial system.

The Central Bank of Iraq has been implementing several reforms aimed at modernizing the country’s banking infrastructure.

Key developments reportedly include:

• Strengthening capital reserves

• Improving trade finance capabilities

• Expanding digital banking infrastructure

These reforms are viewed as essential steps for integrating Iraq into global financial systems.

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Digital Banking Upgrades and SWIFT Integration

One of the most significant technological steps involves improvements in international payment systems.

Iraq’s banking sector is reportedly aligning with:

• SWIFT messaging standards

• ISO 20022

• Future digital currency corridors

These upgrades could allow Iraqi banks to communicate more efficiently with global financial institutions and facilitate cross-border transactions.

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Compliance With Global Financial Gatekeepers

Another critical step toward financial integration involves compliance with international regulatory bodies.

Iraq’s reforms aim to meet standards set by organizations such as:

• International Monetary Fund (IMF)

• Bank for International Settlements (BIS)

• Financial Action Task Force (FATF)

Meeting these standards helps ensure:

• Anti-money laundering compliance

• financial transparency

• reduced systemic risk in banking

These requirements are often necessary before countries can fully participate in global capital markets.

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What This Means for Iraq’s Economic Future

If Iraq successfully forms a stable government and completes its financial reforms, several major developments could follow:

WTO Integration

Iraq could move closer toward full participation in global trade systems.

Capital Market Expansion

International investors may gain greater confidence in Iraq’s financial environment.

Exchange Rate Readiness

Analysts often reference the Real Effective Exchange Rate (REER) as a key measure used when evaluating currency stability and competitiveness.

Progress in these areas would signal that Iraq is preparing for larger international capital flows.

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Featured Snippet

Why is Sudani considered likely to become Iraq’s next Prime Minister?

Mohammed Shia’ Al-Sudani is considered a leading candidate because he reportedly has strong parliamentary support, extensive government experience, and broader international backing. These factors make him a consensus choice capable of stabilizing Iraq’s political system.

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Q&A Section

Q1: Who is Mohammed Shia’ Al-Sudani?

He is an Iraqi politician and former minister who has held several senior government positions and is widely viewed as a potential prime ministerial candidate.

Q2: Why would Maliki’s withdrawal matter?

Removing a contested candidate could break political deadlock and allow Iraq’s parliament to move forward with forming a stable government.

Q3: What role does the Central Bank of Iraq play?

The Central Bank oversees monetary policy and financial system modernization, including banking reforms and global payment integration.

Q4: Why are IMF and FATF standards important?

These organizations set international financial rules that help ensure transparency, stability, and anti-money-laundering compliance.

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Key Takeaways

• Reports suggest Maliki’s nomination may be withdrawn.

• Sudani appears likely to become Prime Minister if this occurs.

• Iraq’s banking sector is undergoing major modernization reforms.

• Integration with SWIFT, ISO 20022, and international compliance standards is underway.

• These developments could position Iraq for greater participation in global financial markets.

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#IraqPolitics #Sudani #Maliki #CentralBankOfIraq #IraqEconomy #DinarRV #GlobalFinance #ISO20022 #SWIFT #IMF #FATF #EconomicReform #MiddleEastPolitics

Militia Man 

 Here is what was to be expected. They are making a move to withdraw Maliki's nomination officially.  An official statement will likely be forthcoming very soon. If they do Al-Sudani is highly likely to get the nod for PM. He is the most qualified, has the largest bloc and global support.  To me at this stage Maliki's nomination is effectively over. The outcome is looking to be a cleaner and more stable government, as the outcome.

  Iraq is ready now for integration.  The CBI's actions show the sectors being prepared for the next level.  They have a stronger capital base, better ability to finance trade projects.  It had digital upgrades...seamless integration with Swift MX, ISO-2022 and future CBDC corridors. 

 Compliance enforcement meets the gatekeepers (IMF, BIS, FATF -Financial Action Task Force) standards.  This positions Iraq to handle large-scale capital flows...without systemic risks, meaning integration for the WTO, capital markets and their REER (real effective exchange rate) readiness.  It all can proceed when prudent.