The central bank announces the details of its meetings with the Treasury and the US Federal Reserve, 7 FEB

 The central bank announces the details of its meetings with the Treasury and the US Federal Reserve

The Central Bank announced on Sunday the details of its meetings with the US Treasury Department and the Federal Reserve, which witnessed praise for the reform measures taken by the Central Bank and the Iraqi government in the banking sector.

The bank said in an official statement received by {Al-Furat News} that “the meetings praised the development of the US dollar cash distribution system in Iraq, and described it as “the most controlled and controlling system in the world,” because of its role in reducing manipulation and dollar smuggling operations.”

The statement explained that “the reforms also included a paradigm shift in external remittances, as the central bank took measures to address the risks associated with these operations, to reach levels comparable to transfers implemented by international banks.”

The bank pointed out that “the international consulting companies (EY and Oliver Wyman) presented during the meetings plans to reform the public and private banking sector, in line with international standards, and support the involvement of Iraqi banks in the global financial network.”

https://alforatnews.iq/news/البنك-المركزي-يعلن-تفاصيل-اجتماعاته-مع-الخزانة-والفيدرالي-الأمريكيين

MIKE BARA: WEEKEND UPDATE, 17 FEB

 Sunday Morning Update

MarkZ is reporting that at least one of his Bond contacts has funding and is spending money. I can 100% confirm this.

The person I call "The Bondholder," who was seeing his funds in his bank account with a "pending" hold since October, is reportedly paid and spending money. 

I have not received independent confirmation of this, although I suspect it to be true.

Unconfirmed rumor is that Iraqi citizens were told of the new rate on Friday night in the mosques.

 If this is true, we could see a new rate tonight on the FOREX and receive notifications as early as tomorrow morning. If not, it is probable that we will begin exchanges sometime before the SOTU address on 3/4.

Rumor is Trump will soon announce the revaluation of America's gold reserves to market prices. This would likely escalate a collapse of stock and bond prices and force a shift to a gold-backed currency.

 It would also collapse most major and minor banks. The banks supposedly already have the new treasury notes in their vaults. This is also the reason DOGE is now looking to audit America's gold reserves.

Revaluing our gold would lower the national debt to under $500 billion, which could be paid off in about 3 months. I will be talking with Andy Schectman about this on Tuesday.

That's your weekend update.

Bara

FIREFLY: We are linked to the world! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

Al-Sudani returns to Baghdad after participating in the Munich Security Conference, 17 FEB

 Al-Sudani returns to Baghdad after participating in the Munich Security Conference

 Prime Minister Mohammed Shia Al-Sudani returned on Saturday evening to the capital Baghdad after participating in the 61st session of the Munich Security Conference.

The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram. To subscribe, click here

A statement from his office that received a copy of {Euphrates News} said: “The visit included the following:

– Reception of the Chairman of the Yemeni Presidential Leadership Council, Rashad Al-Ulaimi.

– Reception of the commander of the NATO Joint Operations Command, Admiral Stuart Munch.

– Received by British National Security Advisor Jonathan P.

– Reception of the Executive Director of the United Nations Office on Drugs and Crime (UNDOC).

– Reception of UNRWA Commissioner-General Philippe Lazzarini.

– Reception of the EU Commissioner for the Mediterranean, Dubravka Schwice.

– Reception of the CEO of the International Crisis Group (ICG) Comfort Aero.

– Reception of the Prosecutor of the International Criminal Court, Karim Khan.

– Receive U.S. Senator from the Democratic Party Senator Elisa Slotkin.

– Receiving the delegation of Klas Company specialized in agricultural equipment.

– Reception of the CEO of the German company (Veridos) Mark Severt.

– Received by the president of the Spanish group (Indra) Angel Escribano.

– Reception of Airbus Executive Vice President Stefan Tommy.

– Reception of the CEO of (planet) Will Marshall.
 

https://alforatnews.iq/news/السوداني-يعود-إلى-بغداد-بعد-مشاركته-في-مؤتمر-ميونخ-للأمن

TIDBIT FROM FNU LNU, 17 FEB

Fnu Lnu 

 I can hardly believe all the things Iraq is doing simultaneously.

 It boggles the mind. Iraq has launched a 15,000 acre housing project - They approved Phosphate and Sponge Iron projects - Standard Chartered is putting $95m up for Iraq Power Plant Financing - 

Iraq is expanding the Maysan Refinery to include a new 70,000 bpd facility - Iraq launched its third phase of "Baghdad Pulse" initiative which is rehabilitating Al Rasheed Street which was reduced to a pile of rubble on top of a pile of rubble - BP is putting 25B on the table and betting big on Iraq again

 - It just goes on and on with all manner of progress like new economic agreements with Kuwait and 3 new oil wells in Zubir and it would take a page to list all the alliances and agreements and projects.

 This hardly sounds like a country operating on 1320 IQD to the 1 USD to me. Something has got to give. Singapore has no news on the completion of the cross-border payment training. I think when they are through, we will see movement.

FRANK26….2-15-25……BE CAREFUL WHO YOU STUDY WITH

US sanctions Iraqi Banks, plans to ban foreign electronic payments, 17 FEB

 US sanctions Iraqi Banks, plans to ban foreign electronic payments

Shafaq News/ The United States imposed sanctions on several Iraqi banks and plans to prohibit the use of electronic payment cards abroad, an Iraqi government source revealed on Sunday.

The source, who requested anonymity, told Shafaq News that Iraqi authorities received an official notice from the US Treasury Department detailing the sanctions, which target banks and exchange companies accused of facilitating illegal transfers and funneling US dollars to sanctioned entities, particularly in Iran.

“As a first phase, sanctions have been placed on five Iraqi banks, with more under review,” he noted. “The US also informed Iraq of a decision to ban the use of all electronic payment cards outside the country within two months after uncovering suspicious transactions.”

The move follows investigations by a US monitoring team tracking financial activity in Iraq. The source remarked that “additional sanctions could follow as other banks and firms remain under scrutiny.”

The latest action extends a series of US restrictions on Iraqi financial institutions. In July 2023, the Treasury barred 14 banks from accessing dollars, including Al Mustashar Islamic Bank, Al Qurtas Islamic Bank, Erbil Bank, and International Islamic Bank. Four more were added in November, while others were removed from Iraq’s daily currency auctions over similar concerns.