Wednesday, July 23, 2025
Transforming Iraq into a regional hub: Establishing a "Global Gold City" in Baghdad
Transforming Iraq into a regional hub: Establishing a "Global Gold City" in Baghdad
The Iraqi Ministry of Trade has announced the establishment of a dedicated city for the gold and jewelry industry in the Iraqi capital, Baghdad.
The aim is to localize the precious metal industry and boost local production within the country, "which will contribute to transforming Baghdad into a regional center for the gold industry and trade."
The ministry announced in a statement on Wednesday, July 23, 2025, that the Ministerial Council for the Economy had approved the proposal submitted by the Ministry of Trade to establish a "Global Gold City" in Baghdad. The ministry described the move as "strategic, aiming to localize the gold and jewelry industry within Iraq and boost local production."
Minister of Commerce, Athir Dawood Al-Ghurairi, emphasized in this regard that "the project represents a qualitative leap in the development of national industries," noting that "the city will include an integrated system that includes specialized industrial units, advanced training centers for goldsmithing according to international standards, as well as advanced markets and an exchange for gold and jewelry. "
For his part, Director General of the Department of Foreign Economic Relations, Riyadh Fakher Al-Hashemi, explained that "the project aims to support the private sector and expand its contribution to the national economy," noting that "the city will be established within the integrated economic city in Baghdad, contributing to transforming the capital into a regional center for the gold industry and trade."
According to Al-Hashemi, the ministry has begun coordinating with the National Investment Commission to complete the requirements for land allocation and issue investment licenses in preparation for the project's implementation. link
MNT GOAT: "CBI Sets Stage for Reinstatement as Dinar Nears Official Exchange Rate"
EXCERPTS FROM MNT GOAT
"There is going to be a situation soon that will allow the CBI to conduct the Project to Delete the Zeros and then move on to the reinstatement.
We already read in the article titled 'THE DINAR IS RECOVERING AND THE EXCHANGE RATE IS DECLINING TOWARDS THE OFFICIAL RATE' that the CBI predicts the parallel market rate to equal the 'official' CBI rate this year."
Article: "THE US HAS STOPPED SENDING CASH DOLLARS TO IRAQ. IS THIS THE BEGINNING OF A BLOCKADE? " Quote: "... the United States has decided to completely halt cash dollar shipments to Iraq..."
The operative word is “completely” not just to some banks. This will force getting off the sole peg to the US dollar...They desperately need to get off this peg and to a “basket” of currencies the IMF already has lined up to use. 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.
Source: New Digital Bank In Iraq Threatened With International Sanctions Over Money Laundering
Source: New Digital Bank In Iraq Threatened With International Sanctions Over Money Laundering
July 21, 2025 Al-Mustaqilla/- An informed source said that a new digital bank in Iraq, linked to a prominent political figure, faces international scrutiny and potential sanctions in the coming period due to serious financial cases related to money laundering and smuggling funds abroad.
The source, who spoke on condition of anonymity, confirmed to Al-Mustaqilla's correspondent that
investigations conducted by international and security agencies revealed the bank's involvement in suspicious financial transactions, most notably the issuance of fake bank cards used to transfer illegal funds outside Iraq.
This has sparked widespread concern within the local and international banking community.
These developments come amid mounting criticism of the Iraqi financial system, which suffers from weak oversight and is being exploited by some political parties to pursue personal interests at the expense of the national economy.
The source confirmed that sanctions will be imposed on the bank in the coming period, which could open the door to broader investigations to uncover more suspicious financial networks inside and outside Iraq.
This news raises serious questions about the transparency of the Iraqi financial sector and the possibility of achieving real reforms that put an end to the exploitation of political money among modern digital banks. https://mustaqila.com/مصدر-مصرف-رقمي-جديد-في-العراق-مهدد-بعقو/
Wednesday Coffee with MarkZ. joined by Bob Lock. 07/23/2025
Wednesday Coffee with MarkZ. joined by Bob Lock. 07/23/2025
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 fellow coffee drinkers and MarkZ friends and family
Member: So what is new and exciting today Mark??? Are we almost at the end?
MZ: I do think we are almost at the end. Although no one knows the exact timing….events point as this being veery close.
Member: What are we looking for next regarding the GCR? is there any event that must occur, or are we waiting for a date to come like August 1st when tarrifs begin?
Member: Bruce thinks this is our week for sure
Member: Praying and praying some more than Bruce is right.
MZ: Nothing fresh since yesterday on groups or bonds. Yesterday the groups side was very encouraging.
MZ: “ Al Sudani’s office publishes new details on phone call with US Secretary of State” They discussed a lot of things but Erbil was high on their list. Most of the call was about getting oil pumping from the Kurdish region.
Member: Baghdad will be paying Kurd salaries in “the next few hours” and Kurd COM came out and said they’ve agreed to resume oil so maybe today
Member: Trump has just recently made trade deals with Japan, Indonesia and the Phillipines.
Member: With a deal with Vietnam last month….Things are getting interesting
MZ: This is a huge one: “Trump announces Trade deal with Japan” He also talks about the deal with Indonesia. There has been a massive change in trade relations …..we are watching all the countries we are interested in get trade deals…I think this is a tell tale sign.
Member: Sounds like Nesara/Gesara to me…..I believe currency rates are also built into those trade deals.
Member: I have always wondered if Nesara and RV would go at the same time .. I know it doesn’t have to. But it makes sense.
MZ: “Trump considering eliminating Capital gains tax on houses” It makes sense as we have a housing shortage and many people are not selling their houses because they don’t want to take the tax hit. Now we need action…not just talk
Member: That goes for the RV as well…..lots of talk and chatter….but we need some action.
Member: We don't have a Capital Gain tax on houses in Quebec. Only secondary houses, not the main one.
Member: How about stopping All Unconstitutional Taxes??? What a concept!
Member: Will we have to pay Capital Gains tax on our currency exchange?
Member: Hope for the best but prepare for the worst…..noone really know until we exchange.
Member: If we could audit the Federal Reserve we would find that they have enough money to pay off our 33 trillion National Debt.
We also need to audit the Treasury and Ft. Knox…….Is DOGE gone now or are they still working?
Member: Maybe they are working behind the scenes????
Member: I wonder if Congress being gone on vacation make a difference or does it matter for the RV?
Member: we need to gather in prayer and plead to God for the RV to please happen soon.
Member: What does your gut say Mark?
MZ: My gut says we are almost done….so many of my sources are now looking at the week of the 28th. I am hopeful and trying not to get to excited.
Member: I’m hopeful RV for before the 28th
Member: Thanks Mark and Mods…..I hope we all have a wonderful Wednesday today.
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