After Meeting With The US Federal Reserve, The Central Bank Denies That Iraqi Banks Are Subject To Sanctions , 18 FEB

 After Meeting With The US Federal Reserve, The Central Bank Denies That Iraqi Banks Are Subject To Sanctions 

Economy |- 02/16/2025  Baghdad - Mawazine:  The Central Bank of Iraq denied the existence of international sanctions on some Iraqi banks, after media outlets circulated news about sanctions that included dozens of banks in the country.

The Central Bank stated in a statement received by "Mawazine", a copy of it, that "it announced the end of the first quarterly meetings for the year 2025 with the US Treasury and the US Federal Reserve Bank, 

which were held in Dubai / United Arab Emirates with the participation of international auditing and consulting firms (EY, K2 Integrity, Oliver Wyman), and the meetings culminated in praise for the steps taken by the Central Bank of Iraq and the Iraqi government in reforming the banking sector,

 the most important of which were: the development of the cash distribution system for the US dollar in Iraq, which they considered the most controlled and controlled system in the world, which limits manipulation and smuggling of the US dollar,

 in addition to the qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address the risks resulting from these operations, which have now risen to the levels of transfer operations carried out by international banks.

The statement confirmed that the consulting firms (EY and Oliver Wyman) reviewed the plans to reform the government and private banking sector and upgrade them in line with international standards and to facilitate the involvement of Iraqi banks in the network of financial relations internationally."

The statement added: "Since the operations carried out by banks operating in Iraq depend largely on the confidence of international correspondent banks in the Iraqi banking sector, we stress the need to ensure that the official channels of this bank are adopted to know the latest news and not to transmit incorrect news such as some Iraqi banks being subject to international sanctions and others." https://www.mawazin.net/Details.aspx?jimare=259609

JUDY NOTES, 18 FEB

 JUDY NOTES

Possible Timing:

• On Thurs. 30 Jan. 2025 the privately owned Fed and IRS officially dropped d**d – when the US Treasury withdrew from the C***l’s Bankrupt Central Banks across the World. President Trump has said he will replace the IRS with the ERS (External Revenue Service) where taxation on goods will replace taxation on The People and their income.

• Since Friday 3 Feb. 2023 all Basel 4 Compliant banks have gone public with the new Gold / Commodity-backed currency International Rates as required by the GESARA Law. This is the Re-evaluation of all the global currencies (meaning the global currency reset).

• Tues. 11 Feb. 2025 Official Notification: Leaders in the Global Currency Reset received signal payments authorized by the Quantum Network

• This week the Quantum Financial System was said to be fully operational for completion of that Global Currency Reset.

• The use of the FIAT US Dollar will be used for up to 90 days Feb. / March / April parallel with the new United States Note (USN), they may cut it off of by April 30th or soon thereafter. …Bruce

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