MARKZ: Bankers on Weekend Duty What's Up? @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Will Iraq succeed in transforming into a digital economy?, 8 FEB

  Will Iraq succeed in transforming into a digital economy?

 In a move that could change the features of the Iraqi economic landscape, the Central Bank of Iraq announced that the government is working to develop regulatory frameworks to support the transition to a digital economy, with a special focus on electronic payment.

However, questions are being raised about the readiness of the infrastructure for this transformation, especially in light of the challenges related to financial corruption, weak electronic services, and the reliance of most sectors on cash transactions.

While official bodies stress the importance of moving to the digital economy to stimulate growth, citizens and merchants fear the imposition of ill-considered payment mechanisms that may hinder their interests, especially in light of the lack of trust in local banking systems.

Will the government succeed in convincing Iraqis to abandon cash in favor of electronic payment? Or will this initiative face failure as happened with previous projects?  link

TIDBIT FROM CLARE, 8 FEB

 Clare 

  Article:  "The first in the Trump era.. Sanctions targeting Iran's economic lung" 

Quote: "The US Treasury Department announced on Thursday the imposition of the first sanctions during the Donald Trump era on individuals and oil tankers that help ship millions of barrels of Iranian crude annually to China...

The US Treasury is targeting an oil network that brings hundreds of millions of dollars to the Iranian military, as Tehran brings in billions of dollars every year through oil sales to finance its activities and support Hamas, the Houthis and Hezbollah"

FRANK26…..2-7-25……BANKS PREPARED

FRANK26: "SUDANI ASKS PERMISSION FROM TRUMP... NOTICE THAT", 8 FEB

 KTFA

FRANK26: "SUDANI ASKS PERMISSION FROM TRUMP... NOTICE THAT".....F26

Al-Sudani asks the Trump administration to continue granting Iraq an exemption from importing Iranian gas

2/7/2025

 

Prime Minister Mohammed Shia al-Sudani called on Friday on the administration of US President Donald Trump to continue exempting Iraq from importing Iranian gas after the decision to cancel it.

US President Donald Trump recently cancelled the exemption granted to Iraq to import electricity and gas from Iran, as part of the new package of sanctions on Iran.

Al-Sudani said in an interview with Asharq Al-Awsat, "The previous (US) administration gave us an exemption from these sanctions," adding that "our government did not just request an exemption, but we also took the initiative to invest in the associated gas."

He added, "Iraq has a clear vision. In 2028, gas imports will end, and there will be clear energy independence,"  stressing that "in the end, we need this exception to continue throughout this period."

Al-Sudani also pointed out that Iraq has begun "the process of linking energy with neighboring countries in order to cover our needs, and this is part of the concept of integration that we seek with our brothers."

He continued by saying, "The connection with Jordan has been implemented and currently western Iraq is being supplied with energy. It is hoped that during this year the connection with Kuwait and the Gulf group will be completed. We have also started contracting for the connection between Iraq and Saudi Arabia. The connection with Turkey has also been implemented and we have started receiving energy and as a result from the European Union."

The Prime Minister continued, "The Iraqi government has found solutions, and we certainly expect our friends in the United States to understand the government's plans so that they will allow us to continue to use Iranian gas until our projects are completed, in which any imported gas will be dispensed with."

For many years, Iraq has relied on importing electricity and gas from Iran, especially during the peak of summer, and thus relies on the ongoing American exemptions, which are issued more than once each year.

Recently, Iraq has moved to import gas from Turkmenistan, and it will also pass through Iranian pipelines, but it has not yet been implemented due to logistical and financial problems.

LINK

TIDBITS FROM BRUCE, 8 FEB

 Thurs. 6 Feb. 2025 Bruce:

• On Wed. 5 Feb. Trump told the US Treasury not to let the RV go because they were not yet ready and that they were going to wait until the weekend.

• Two contacts said that Trump wanted us to have money by Sat. 8 Feb. 2025.

• The World Bank and the IMF has held the RV up and both were about 95% ready to be dismantled.

• Iraq has yet to put their new Dinar Rate in the Gazette.

Fnu Lnu :The Dinar is now getting International attention! @DINARREVALUATION #iraqidinarinvestor