DINAR REVALUATION

Monday, February 17, 2025

MNT GOAT : We have a VER Y good chance of moving to the Project to Delete the Zeros" #iqd

Rashid Bank launches the sale of national bonds and calls on citizens to invest, 17 FEB

Rashid Bank launches the sale of national bonds and calls on citizens to invest

2/16/2025

Rashid Bank announced that it has directed its branches across the country to begin selling national bonds (first issue), which comes within the plans to enhance local investment.

The bonds include two different categories, according to a statement by the bank, a copy of which was received by {Al Furat News}, two categories: “The first, a bond worth 500 thousand dinars with an annual interest of 6% paid every six months for two years, at a rate of 3% every six months, and the other category, a bond worth one million dinars with an annual interest of 7.5% paid every six months for four years, at a rate of 3.75% every six months.

The bank called on all those wishing to purchase to visit its branches in various governorates. LINK

MAJEED UPDATE, 18 FEB

MAJEED

Correspondent banks and local banks plus exchange companies with three electronic payment services are banned from using the dollar for their international transfers 

From today on , use the DINAR for international trades and transfers

Only possible by going on Forex

2:49 PM · Feb 16, 2025

FIREFLY: it will come out $3.50 to $3.80 and probably be a managed float!! @DINARREVALUATION #iqd

Central Bank announces details of its meetings with US Treasury and Federal Reserve, 17 FEB

Central Bank announces details of its meetings with US Treasury and Federal Reserve

2/16/2025

The Central Bank announced, today, Sunday, the details of its meetings with the US Treasury 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 stated in an official statement received by {Al Furat News} that “the meetings praised the development of the US dollar cash distribution system in Iraq, describing it as “the most controlled and monitored system in the world”, due to its role in reducing manipulation and dollar smuggling operations.”

The statement explained that “the reforms also included a qualitative shift in foreign transfer operations, as the Central Bank took measures to address the risks associated with these operations, to reach levels comparable to transfers carried out by global banks.”

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

TIDBIT FROM CLARE, 17 FEB

Clare

Article: "Iraq Mall: Baghdad’s upcoming mega shopping and entertainment hub"

Quote: "Baghdad is set to welcome a game-changing retail and entertainment hub with the opening of Iraq Mall, a sprawling 550,000-square-meter development in the Al-Dora area, near the two-story bridge overlooking the Tigris River.

This mega mall will house top global brands, including Zara, Pull & Bear, Massimo Dutti, PUMA, Under Armour, Lacoste, Levi’s, HUGO BOSS, and Bershka, among many others.

With a diverse mix of high-end fashion, sportswear, and lifestyle stores, Iraq Mall is poised to become the ultimate shopping destination in the country...Set to open in late 2025, Iraq Mall will transform Baghdad’s retail landscape and provide an unparalleled shopping and leisure experience."