JON DOWLING: We are finally in the climax point folks!!! @DINARREVALUATION #iraqidinarinvestor

 

Iraq Is Under The Danger Of Sanctions: The Smuggling Of The Dollar Threatens The National Economy, 31 JAN

 Iraq Is Under The Danger Of Sanctions: The Smuggling Of The Dollar Threatens The National Economy

 
Jan 26, 2025 Last update: Jan 26, 2025  Independent/- With the approaching end of 2024, economic reports showed an unprecedented rise in smuggling the dollar from Iraq, which raised great concern in international economic and financial circles.
 
The flow of hard currency is accelerated outside the country, with increasing complaints from the involvement of many governmental and private banks in these smuggling operations, 
which threatens to impose economic sanctions on Iraq by international financial institutions.

The escalation of the phenomenon of smuggling of the dollar out of Iraq has led to the pushing of economists and international observers to talk about serious consequences for the Iraqi economy.

Where reports indicate that Iraqi banks, whether governmental or private, played a prominent role in smuggling the dollar abroad through informal channels.
 
This smuggling is not limited to the deterioration of the local economy, but rather threatens dangerous consequences that may lead to financial sanctions by the major countries, especially the United States of America, especially in light of the increasing suspicions of money laundering and the support of suspicious activities.
 
The dollar sale rate witnessed a noticeable increase over the past year, to exceed 81 billion dollars, which is an unprecedented number in the history of Iraq.
 
Despite the Iraqi government's attempts to take measures to reduce this phenomenon, the financial conditions do not seem to be under control.
 
On the other hand, the Central Bank of Iraq justifies this increase in selling the dollar as to cover the needs of Iraq from goods and services,
 
but there are warnings that this is a cover for wide smuggling operations aimed at financing countries subject to international sanctions such as Iran and Syria.
 
Fears of US sanctions
 
Under the pressure of international financial institutions, especially the United States, the
 
Central Bank of Iraq
 
     acknowledged the existence of a dollar smuggling crisis and
     announced the suspension of work on the electronic platform that banks were adopting to sell the dollar.

But is this step enough to prevent illegal practices?
 
Experts believe that this decision may be just a formal attempt to dispel international concerns,
especially since
 
many obstacles still hinder the effectiveness of the declared procedures.
 
Economist Dr. Nabil Al -Marsoumi says in press statements that
 
what is happening now is to transfer sales and purchases through correspondence (intermediate) banks, which are banks subject to less control, which facilitates money smuggling and money laundering operations.
 
This transformation of the sale mechanism may increase the complexity of monitoring and increase international anxiety over illegal purposes of these financial transfers.
 
Political complicity and corruption
 
There are also analyzes that indicate that political corruption and collusion between some parties in the Iraqi government and its associated banks may have a major role in this crisis.
 
While the government has pledged to take deterrent measures, the actual implementation on the ground seems to be shy.
 
There are political and financial interests for some parties that run commercial banks, and benefit from these informal networks to smuggle the dollar.
 
In statements to him, Iraqi MP Mustafa Sanad stressed that
 
a large part of this smuggled money goes to Iran,
 
which opens a wide door to talk about Iranian domination of the Iraqi economy and its negative effects on the stability of the country.
 
These facts reflect the size of the challenges facing Iraq in its attempts to combat the smuggling of the dollar and achieve real economic stability.  

Insufficient procedures
 
Despite the efforts made by the government of Iraq, whether through the Central Bank or the Ministry of Finance, the gap between the official exchange rate of the dollar and the black market price is still large.
 
This gap reflects the weak measures taken to combat currency smuggling, and enhances the chances of speculators in the currency market.
 
In highly cruel statements, some experts indicated that the government does not have the true political will to confront this crisis seriously, as the influential forces on the ground, including the major political parties, benefit from the continuation of this corrupt system.
 
Therefore, the process of solving this crisis remains very complicated and needs radical interventions that start from reforming the Iraqi financial system completely.
 
Summary
 
What Iraq is facing today from the crisis of smuggling the dollar is not just a passing economic problem,
 
but rather an alarm bell that may afflict the Iraqi economy and expose it to international financial sanctions.
 
Despite the government's pledges to achieve reforms, the current situation reflects the lack of seriousness in addressing the true roots of the crisis.
 
If things continue this way, Iraq may witness an escalation in international economic pressures,
which will increase the suffering of the Iraqi people and push the country to more financial isolation on the international scene.    https://mustaqila.com/العراق-تحت-خطر-العقوبات-تهريب-الدولار/  

TIDBIT FROM JON DOWLING, 31 JAN

 Jon Dowling

 Let the games begin!

 President Trump is signaling not only the removal of income tax, but also property tax, the estate tax, excise and capital gains taxes as well! All illegal and not constitutional. 

Meanwhile, he plans to go to several countries next week, to include Saudi Arabia, Iraq, China and Russia. All regarding the reset and peace talks which they did years ago. All for optics at this point.

 The Fed to pause rates today with no meeting in February.

 This traps Powell as he'll have to own the economy crash of the old system, while President Trump ushers in the new Nesara reset Gold based system.

 We are finally in the climax point folks after all this time. God's timing is always perfect!👀🙏

MZ: my bank contacts were told to be prepared to work for the next few weekends!! @DINARREVALUATION

 

EXCERPTS FROM MARKZ, 30 JAN

 EXCERPTS FROM MARKZ

Member: Some are saying nothing until Chinese new year ends and HSBC is open on Monday next week

Member: Another Intel person says IQD rate being 4.75 and contract rate at 5.19. And possible announcement on Saturday.

​​Member: Majeed is indicating Iraq Forex this Weekend!

Member: That would be amazing. 

MZ: I am hearing they have sped things up massively in the last 10 days. 

Member: With Kuwait having the highest currency in the world, it makes no sense for Iraq to revalue at a rate too much higher than Kuwait.

Member: Mark why hasn't 4b got notifications for the rv? what are your thoughts on when it would happen?

MZ: I have zero bond updates today. This may have been one of the longest stretches I have seen in weeks with nothing on that front. Same with PP’s CMKX ect…..contacts are not sharing information. They have really tightened up the lips. Zipped the lips

ARIEL: Only One Way out, Rate Change or Sink, 30 JAN

 Ariel

Things are lining up nicely. Donald Trump is putting pressure on them in many ways and it’s choking their economy. He has basically gotten rid of the double-speak and narrowed everything down to one tunnel entrance. No getting over or under this time. Only one way out. Rate change. Or sink.

Game Time

And guess what was published today? The RLUSD audit. Do you know what is next? Regulation. And what is supposed to happen on January 31st? Isn’t something supposed to be delisted? Oh’ that’s right Tether. Which of course will devalue Bitcoin. Which I do not think will be in any reserve. Things are moving rapidly people. This tells me how close we are now that a vote on the amendment to the Iraqi 2025 budget has been agreed upon.

Money, money, money.

You want an apparatus of where we are simplified? Because this list is a prime indicator towards definitive outcomes that are scheduled to take place for an historical time ahead. I told you all this will be an action packed week.

gb(34, 34, 34); color: #222222; margin-bottom: 26px; margin-top: 0px; overflow-wrap: break-word;">And we will not be disappointed. Because you will have a lot of people upset and dancing at the same time. Nor all news is good news for everyone.

Those who cling to the old will have a hard time adjusting. You see a glimpse of this from the cabinet hearings taking place. And it will be the same for those in the crypto world. So tighten up folks. The New Republic is about to take off.

And we up.

ARIEL: Things are lining up nicely!!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar