Friday, February 14, 2025

MARKZ: THEY ARE TESTING THE DINAR ON FOREX! @DINARREVALUATION #iraqidin...

FRANK26: "NO DUTCH DISEASE IN IRAQ", 14 FEB

KTFA

FRANK26: "NO DUTCH DISEASE IN IRAQ".....F26

Kurdistan Finance transfers about 52 billion dinars of non-oil revenues to the federal treasury

2/12/2025

The Ministry of Finance and Economy in the Kurdistan Regional Government announced, on Wednesday evening, the transfer of about 52 billion dinars of non-oil revenues to the federal treasury in Baghdad.

The ministry said in a statement received by Shafaq News Agency that the federal treasury's share of non-oil revenues for the Kurdistan Region for the current month of February, amounting to 51 billion, 895 million, 457 thousand, and 877 dinars, has been transferred.

She added that this amount was deposited in cash into the bank account of the Ministry of Finance in the federal government, through the Erbil branch of the Central Bank of Iraq.

LINK

MILITIAMAN CC HIGHLIGHTS NOTES, 14 FEB

MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this video, the speaker discusses significant developments regarding Iraq’s economy, specifically the implications of the United States halting cash dollar shipments to Iraq and its potential effects on the Iraqi dinar.

The speaker emphasizes that this decision, influenced by economic and diplomatic pressures, could lead to fluctuations in currency values and higher prices within Iraq, exacerbating inflationary pressures.

Additionally, the video touches upon the suspension of the National ID card system for updates, the adoption of smart technologies for monitoring truck traffic at borders, and the Iraqi government’s efforts to strengthen its financial systems and diversify its economy away from reliance on the dollar. The discussion also highlights the importance of Iraq’s development projects and the resumption of oil exports from the Kurdistan region. Overall, the content presents a multifaceted perspective on the challenges and changes facing Iraq’s financial landscape.

💰 US Halts Dollar Shipments: The United States has stopped sending cash dollars to Iraq, impacting the economy and currency stability.
📈 Rising Dinar Concerns: The halt in dollar shipments may cause the Iraqi dinar to lose value against the dollar, potentially increasing inflation.
🚫 Suspension of National ID Transactions : A temporary suspension of National ID card transactions is announced for system updates, coinciding with dollar shipment cessation.
🚚 Smart Monitoring for Trade: Iraq is implementing smart tracking systems for truck traffic to enhance efficiency and security in border crossings.
🌎 Diversification of Economy: The Iraqi government is focusing on strengthening the dinar and reducing dependence on foreign currencies.
🛢️ Resumption of Oil Exports: Oil exports from the Kurdistan region are set to resume, providing a vital boost to Iraq’s economy.
⚖️ Federal Court’s Authority: The coordination framework respects the federal court’s decisions, emphasizing the rule of law in Iraq.

Key Insights

📊 Impact of Cash Flow Suspension: The suspension of dollar cash flow from the U.S. to Iraq is not merely an economic adjustment; it signifies a strategic shift aimed at reducing reliance on foreign currency. This move may destabilize the local economy and lead to inflation, as the dollar is a primary currency for imports. The Iraqi government must respond with effective monetary policies to stabilize the dinar and mitigate negative consequences.
🔄 Inflationary Pressures: The potential rise in the dollar’s value against the dinar could exacerbate inflation in Iraq, increasing the cost of goods and services. The Central Bank of Iraq has historically maintained low inflation rates; however, the current situation poses a significant challenge. Failure to address these inflationary pressures may lead to public dissatisfaction and economic instability.
💻 Digital Transformation: The suspension of the National ID card system for updates reflects Iraq’s broader efforts to modernize its administrative frameworks. This digital transformation is crucial for improving efficiency, transparency, and security in government services. The synchronization of monetary systems with digital technologies can enhance Iraq’s standing in the international financial community.
👷 Developmental Road Project: The emphasis on the development road project indicates Iraq’s commitment to improving its infrastructure and economic prospects. By focusing on regional development that does not compete with neighboring nations, Iraq is positioning itself as a cooperative player in the Middle East, potentially attracting foreign investment and partnerships.
📈 Smart Trade Monitoring: Implementing smart technologies for monitoring truck traffic at borders is a significant step towards reducing corruption and enhancing logistics efficiency. This technological advancement not only improves security but also aligns Iraq with international standards, which is essential for participating in global trade.
🌍 International Relations and Compliance: The U.S. decision to halt dollar shipments is part of a broader strategy to align Iraq’s economic policies with international standards. Iraq’s government must navigate these diplomatic waters carefully to ensure that it can maintain favorable relations with international partners while pursuing economic reforms.
🔑 Legal Framework and Governance: The respect shown by the coordination framework for the federal court’s decisions is a positive sign for Iraq’s governance. Establishing a rule of law and upholding constitutional authority are essential for political stability and public trust. The implementation of the three law package, which includes significant legal reforms, indicates progress toward a more structured and accountable governance framework.

Conclusion

The video presents a comprehensive overview of the current economic situation in Iraq, underscoring the challenges and opportunities that lie ahead. The suspension of U.S. dollar shipments, the potential rise in inflation, and the ongoing digital transformation of administrative processes all highlight the complexity of Iraq’s financial landscape.

As the country grapples with these changes, the focus on infrastructure development, modernization, and adherence to international standards will be crucial for fostering a stable and prosperous economy.

The insights shared in this video serve as a valuable resource for understanding the multifaceted nature of Iraq’s economic reforms and the broader implications for its future.

GOLDILOCKS: Banks Preparing For New Currency Exchanges - ALL Test Completed @DINARREVALUATION #iraq

Protecting The Financial System Is A Priority For The Central Bank, 14 FEB

Protecting The Financial System Is A Priority For The Central Bank

Samir Al-Nusairi Some media outlets, social media networks and non-specialist analysts have begun to return to their analyses and statements to frighten citizens about US decisions to tighten economic sanctions on Iran.

We must make it clear here that Iraq's top priority is to protect its national economy, financial system and monetary system from international or American economic sanctions imposed on some countries. And its priority, according to its financial and monetary policies, is to avoid being a party to that.

This is well known to the US Treasury, international organizations, and international auditing and regulatory bodies, that "the Iraqi economy faced many crises and challenges, extending to the years before 2023, but the government, the Central Bank of Iraq, and the banking sector faced them wisely, harmoniously, and with high coordination, in order to know and determine the causes of these crises, and what are the solutions and treatments for the purpose of overcoming them quickly,"

as the Central Bank began at the beginning of 2023, using many procedures, such as using the electronic platform application, for foreign transfers in compliance with international standards and controls, which were represented by organizing the financing of foreign trade in directions that make the Iraqi banking sector regulated by international banking standards.

And that "these measures were fruitful during 2023 and 2024, and his policy of opening accounts in solid foreign correspondent banks for banks that lacked these banks succeeded.

The Financial Action Task Force (FATF), the US Treasury, the International Monetary Fund and the World Bank have commended the Central Bank’s measures in overcoming most of the comments, confirming the transparency of foreign transfers, and moving to cancel the platform and direct dealings between our banks and correspondent banks under the direct supervision of the supervisory bodies for foreign transfers and ensuring their arrival to the final beneficiary.

At a rate exceeding 97%, in addition to the government and the Central Bank contracting with international auditing and consulting companies with the aim of developing banks and ensuring their compliance with international standards.

These companies are Ernst & Young, K2, Oliver and Eman, and they are currently operating according to the roadmap and plans drawn up for that.

The Iraqi government, in cooperation with the Central Bank, has taken several steps in this direction, the most important of which is automating the tax system and the customs system. In view of this strict commitment to protecting our financial system, we reassure everyone that there is no possibility of imposing new sanctions on the banking sector. These are just rumors and have absolutely no basis in truth. https://economy-news.net/content.php?id=52720

REINALDO JC : 💥For The Blind!!, 14 FEB

REINALDO JC

For The Blind Both Republican + Democrats Establishment (are/was) robbing the American Tax payers blindly. The whole entire system is a FRAUD!!! Do the U.S. treasury/Americans really owe $36T? Fvck NO!!! Is a Mismanagement/robbing by all unconstitutional agencies. The same ppl are the same doing all the robbing, are affiliated or are in the know (ain’t say shit). Treason=

Again, What’s the point of the federal government? How long do we the people have to wait for accountability??? ~asking for a friend

*FYI: federal income tax is unconstitutional (it’s voluntary you scary cats). STOP PAYING.

DINAR REVALUATION

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