MARKZ: "Yes, we are trained and ready to go!" @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

FRANK26: "WE WILL BRING YOU OUR 3 ZERO NOTES... WHEN YOU BRING US THE NEW EXCHANGE RATE!!!", 8 FEB

 KTFA

FRANK26: "WE WILL BRING YOU OUR 3 ZERO NOTES... WHEN YOU BRING US THE NEW EXCHANGE RATE!!!"........F26

 

Al-Sudani's advisor rebukes citizens for storing money at home and calls for investing it

2/6/2025

 

Baghdad -

 

Mohammed Sahib Al-Daraji, the technical advisor to the Prime Minister, confirmed today, Thursday, that the volume of investments in Iraq amounts to about 60 billion dollars, while he pointed out that there is a large cash mass among citizens outside the banking system, which makes it economically useless if it remains stored in homes, calling for it to be converted into investment projects that contribute to transforming it into assets that support the national economy.

 

Al-Daraji said in a statement to the official agency, followed by the 964 network , that “Iraq’s gross domestic product exceeded $260 billion, which makes the ratio of external debt compared to the domestic product at a very low level, which opens the door to a new phase of external financing, but with studied conditions,” noting that “Iraq’s external public debt witnessed a significant decrease, as it fell from $20.9 billion to $9.8 billion.”

He stressed, “The importance of funding being directed towards productive projects capable of paying off their debts on their own, rather than focusing on consumer or ill-considered projects.”

Regarding current investments, Al-Daraji pointed out that “the volume of local and foreign investments in Iraq amounts to about 60 billion dollars, most of which are in the real estate and housing sector, which is a good thing,” stressing “the necessity of strengthening the role of the Iraqi investor and supporting him to diversify investments.”

He pointed out that “there is a large cash mass held by citizens outside the banking system, which makes it economically useless if it remains stored in homes,” calling for “transferring this money to investment projects that contribute to transforming it into assets that support the national economy and enhance sustainable development.”

LINK

TIDBIT FROM MNT GOAT, 8 FEB

 Mnt Goat 

  ...the corruption in the U.S. was and is still affecting Iraq and getting the RV we are looking for. 

Our hope as investors is that the Trump administration can help to finally free Iraq from this tyranny of the Feds and the Obama/Biden policies. But remember there are also Iranian skeletons in the closet too for Iraq that they will have to clean out prior to Trump trusting them and helping them to the extent needed. 

  Article:  “TRUMP CANCELS EXEMPTION GRANTED TO IRAQ TO IMPORT ELECTRICITY AND GAS FROM
IRAN” 

US President Donald Trump canceled, ...Wednesday...the exemption granted to Iraq to import electricity and gas from Iran. ..This is evidence that Trump is not going to be relaxed with Iraq and has expectations that they agreed to in his first term and have not yet fulfilled.

 Folks...almost 7 years have gone by...this is one of those skeletons they must clean up. But there is more to this issue...  Iraq has already developed its own electric grid...and is now self-sufficient and no longer needs Iranian electricity or gas. So...

Why is Iraq still purchasing these utilities from Iran? This is Trump’s point.  Get it?

 ...the overall long-term plan is to get Iraqi to the reinstatement. It may seem a long way off, however, I assure you it is not. Just look at how quickly things are moving along

Fnu Lnu: This training will give Iraqi banks the necessary tools ! @DINARREVALUATION #iraqidinar

 

Lost Fortunes: Iraqi youth risk all in the world of Crypto and Forex, 7 FEB

  Lost Fortunes: Iraqi youth risk all in the world of Crypto and Forex

Despite government warnings, digital trading in both cryptocurrency and foreign exchange (forex) continues in Iraq, mostly among young people eager for a quick buck. Many, however, do not consider the consequences and risks associated with these transactions.

The rise in crypto and forex trading comes after Iraq’s recent economic crises, including the government’s limitations on US dollar trading to stabilize the exchange rate.

Although there have been no official statistics on the number of Iraqis scammed through digital trading, economic experts believe the figures are substantial. However, since Iraq bans both crypto and forex trading, victims have no way to legally reclaim their losses.

Since crypto and forex transactions occur outside the banking system, the traders are more susceptible to fraud. Last year alone, dozens of young Iraqis lost their life savings due to digital trading.

20-year-old Saja Al-Saadi is one such victim. She told Shafaq News that she had saved five million Iraqi dinars (around $3,800) from work but was lured by digital trading platforms promising high returns, who instead stole her money in the blink of an eye. “I was devastated,” she said. “Since these platforms are illegal in Iraq, I couldn’t even file a complaint with the police to recover my money.”

Another victim, 45-year-old trader Abdul Amir Khalil, faced a much larger loss of over $250,000. Khalil turned to digital trading platforms to avoid banking procedures and streamline transactions. “After transferring $250,000 to a digital trading company, the platform disappeared overnight, and I was unable to recover the money due to blockchain encryption despite enlisting the help of IT specialists.” He told Shafaq News.

Many of these scams are operated by individuals who use untraceable crypto transactions to steal funds. Some are run by local networks that pose as investment firms, promising “huge returns,” using fake social media profiles and instant messaging apps like Telegram and WhatsApp to reach potential victims.

while the list of victims continued to grow, the Central Bank of Iraq (CBI) declared in 2022 that it does not license forex, stock, or crypto trading platforms.

The bank warned that fraudulent online companies falsely claimed to be licensed, using misleading advertisements to promote investments in stocks, crypto, gold, and oil.

According to Iraq’s Anti-Money Laundering and Terrorism Financing Law No. 39 (2015), digital trading is prohibited due to risks associated with fraud, illicit transactions, and economic instability. The use of electronic wallets and cards for crypto trading is also prohibited, due to “concerns over money laundering and financial crimes.”

Despite this prohibition, many traders bypass restrictions anyway using VPNs and international bank accounts or rely on middlemen in neighboring countries like Turkiye, Jordan, and the UAE to deposit and withdraw funds.

Economic expert Ali Dadoosh explained to Shafaq News that forex companies targeting Iraqi investors operate without oversight from the CBI or any regulatory body.

“Iraq lacks a legal framework for forex trading; there is no official regulatory body overseeing digital currency transactions,” he noted.

Dadoosh emphasized that while digital currency trading can be profitable for experienced investors, it carries significant risks for untrained traders.

According to Dadoosh, while non-crypto digital currencies are traceable and regulated by banks (if fraud is suspected, banks can freeze transactions or reverse transfers), crypto is encrypted, unregulated, and often used for illegal activities, including money laundering and drug trafficking, and recovering stolen crypto funds is nearly impossible.

While digital currencies offer advantages, such as lower transaction costs and faster transfers, Dadoosh warned that most Iraqis lack the expertise needed to avoid falling victim to fraud.

He advised young Iraqis to learn trading before investing and to only use well-established, legal companies and wait for new government regulations.

There have been voices inside Iraq calling on the government to regulate crypto and forex trade instead of prohibiting it, countries such as Egypt and Turkiye have already begun talks on legalizing crypto and forex trade regulations. The UAE has permitted it under strict regulations that ensure investor protection. link

EXCERPTS FROM MARKZ, 7 FEB

 EXCERPTS FROM MARKZ

Member: Good morning, based off of what you said last night from the phone call you received yesterday. Have you been able to confirm that we have started?

MZ: From the bond side…the best news came a few days ago when a contact went out west ……leads me to believe things are well underway. The majority of my historic bond contacts are still looking for the 10th through the 12th . 

MZ: I have a large contact that will be in Europe on Sunday the 9th and is expecting all their dollars. Not sure how that will work on a Sunday …but if we have a new system it should be no problem.

CRYPTO TRADER: it would be prudent for such a huge investment deal to be signed post the revaluation