Article: “THE PRESIDENT OF THE REPUBLIC APPROVES THE AMENDMENT TO THE BUDGET LAW”This
was the main issues from the Kurdistan region in the monthly salary payments they were receiving for their share of the oil revenues...They wanted more in the budget and so now they have it...I want everyone to know that the passing of this bill is NOT the Oil and Gas Law and is NOT going to trigger the RV.
you can now CLEARLY see that there has been massive corruption in Iraq and with the US keeping the Iraq dinar artificially suppressed..
. The new president Trump has a new policy towards Iraq and it is beginning to take form. This recent move of stopping the physical dollar CASH flow to Iraq is apparent...This was a huge move...
I was told many times already by my CBI contact that this crisis is at the heart of why the CBI can not set the in-country revaluation rate to what they need to conduct the Project to Delete the Zeros...
FRANK26: "THIS IS THE REASON & THE RESULTS OF A SUCCESSFUL MONETARY REFORM PLAN.".....F26
The role and strength of the Central Bank through partnerships and commitment to international standards
2/17/2025
Researcher Shaza Khalil*
The Central Bank of Iraq plays an important role in shaping the country’s economic landscape by managing monetary policy, supervising the financial system, controlling inflation, and ensuring the stability of the national currency. It operates with a responsibility that goes beyond economic governance alone, but also actively seeks to integrate the Iraqi financial sector into global financial systems, promote sustainable growth, and combat illegal activities such as smuggling.
The primary tasks of central banks, including the Central Bank of Iraq, are several vital functions in the structure of the national economy:
Controlling monetary policy: One of the primary functions of a central bank is to regulate the money supply and interest rates. Through tools such as open market operations, reserve requirements, and discount rates, the central bank ensures price stability, limits inflation, and supports economic growth.
Financial System Stability: The central bank oversees the health of the financial system and prevents systemic risks that could threaten the stability of the economy. It imposes regulations to prevent financial crises and supports the banking sector by ensuring adequate liquidity.
Currency Management: The central bank is responsible for issuing and managing the national currency. It also maintains the stability of the exchange rate to avoid excessive fluctuations that could harm trade and investment.
Lender of last resort: In economic emergencies or liquidity shortages, the central bank steps in to provide emergency funding to commercial banks to prevent bank collapse and ensure the continuity of the financial system.
International cooperation: As the global economy becomes increasingly interconnected, the role of central banks extends beyond national borders. Adherence to international standards such as those set by the Basel Committee on Banking Supervision or the Financial Action Task Force (FATF) is crucial to maintaining credibility and promoting confidence in a country’s financial system.
The first quarterly meetings held by the Central Bank of Iraq with the US Treasury and the US Federal Reserve are of great importance, as they are an important step towards reforming the banking sector in Iraq, as well as enhancing the efforts made by the Central Bank of Iraq to integrate the financial sector into the global financial system. During these meetings, the steps taken by the Central Bank of Iraq and the Iraqi government to address the challenges facing its banking sector were discussed.
Collaboration with international financial institutions such as the U.S. Treasury and the U.S. Federal Reserve is invaluable to Iraq’s banking reforms. By engaging in these dialogues, Iraq is adopting best practices from some of the world’s strongest financial institutions and aligning its systems with global standards. This partnership also plays a critical role in supporting Iraq’s efforts to reform its banking sector, facilitate foreign investment, and ensure the smooth running of financial transactions.
Impact on the Iraqi economy The reforms brought about by this cooperation are expected to have broad positive effects on the Iraqi economy:
Increased confidence in investment: By aligning Iraq’s banking systems with international standards, foreign investors will have greater confidence in the stability of the country’s financial system. This could lead to capital inflows, which are essential for the diversification and development of the Iraqi economy.
Enhancing economic transparency: A key goal of these reforms is to reduce corruption, enhance transparency, and ensure that financial activities take place in a more regulated environment. This not only enhances confidence among investors, but also improves overall economic governance in Iraq.
Supporting sustainable growth: By implementing a stable and supervised financial system, reforms help promote a sustainable and diversified economy that is less vulnerable to global financial shocks.
Increased availability of credit: Restructuring the banking system and implementing best practices can help increase the availability of credit to both the public and private sectors. This can boost local economic growth, create jobs, and encourage infrastructure development.
Combating smuggling and strengthening currency control Cooperation between the Central Bank of Iraq and international financial institutions is also an important factor in addressing one of Iraq’s most pressing issues: the smuggling of US dollars. Smuggling and unregulated foreign currency transactions have long been a problem in Iraq, leading to lost revenue and destabilizing the local currency.
Attendees at the quarterly meetings praised the significant development in Iraq’s US dollar cash distribution system, which is now recognized as one of the most closely monitored and controlled in the world. This transformation is a direct step towards combating smuggling by making illicit financial transactions more difficult. With this tighter control, the Central Bank has been able to limit the scope for manipulation, which will have broad benefits for the Iraqi economy.
A well-monitored financial system ensures that foreign currency is distributed in a transparent manner, reducing opportunities for illegal activities, including money laundering or illicit transfers of funds to illegitimate entities. It also facilitates the stability of the Iraqi dinar by reducing external financial pressures resulting from unauthorized dollar transactions.
The Role of Dubai and International Auditing and Consulting Firms In the context of reforming the Iraqi banking sector, Dubai has played a key role as a hub for international auditing and consulting firms. These firms provide valuable expertise in improving Iraq’s financial systems and ensuring they are aligned with global best practices. Their role in monitoring Iraq’s progress and providing strategic advice is crucial to ensuring that reforms are implemented effectively.
As a global financial hub, Dubai is a vital platform for international cooperation. The presence of international audit and consulting firms there has allowed Iraq to benefit from a wealth of global expertise, helping the country modernize its banking systems and prepare for integration into the global financial network. This cooperation has been crucial in ensuring that reforms are carried out effectively and in line with international standards.
Conclusion: A bright future for the Iraqi banking sector The positive feedback from international financial institutions and the cooperation between the Central Bank of Iraq, the US Treasury, and the US Federal Reserve reflect the significant progress the country has made in implementing comprehensive reforms in the banking sector.These reforms are expected to enhance Iraq’s economic stability, improve transparency, and increase the attractiveness of foreign investment.
As Iraq continues to strengthen its banking system and combat illicit financial operations, it appears to be on the cusp of a new era of financial stability and economic growth. The controlled distribution of the US dollar, the restructuring of financial operations, and the alignment of the Iraqi banking sector with international standards signal a new era for the future of the Iraqi economy. With sustained reforms and international partnerships, Iraq is on the path to enhancing financial stability and economic prosperity. (THE RELATIONSHIP BETWEEN TRUMP & SUDANI = A STRONG USD & A POWERFUL IQD FOR THE IRAQI CITIZENS -F26)
Economic Studies Unit / North America Office Links Center for Research and Strategic Studies
GOLDILOCKS : BREAKING: CBI Announcement Confirmation Dinar is Live with INTERNATIONAL BANKS
Highlights
Summary
In this episode of Goldilocks Global Banking News, host Freedom Fighter provides an update on the current state of Iraq’s financial system and its efforts to integrate into the global banking framework.
The discussion focuses on Iraq’s connection to international correspondent banks, ongoing audits in the U.S. designed to verify asset values, and the implications of these changes for the Iraqi dinar.
The episode highlights a member’s experience with a wealth manager discussing currency exchanges, emphasizing the growing interest in currency exchange and investment opportunities.
As Iraq takes steps towards international financial integration, it is also preparing for its potential membership in the World Trade Organization (WTO). The episode underscores the importance of these developments for enhancing Iraq’s economic stability and the potential for a revaluation of the dinar.
🌍 Global Movement: The Iraqi dinar is experiencing international transitions through the connection with correspondent banks, marking a significant step in its global integration.
💼 Wealth Management Insight: A member shares a positive experience with a wealth manager discussing lawful currency exchanges, indicating growing interest in currency investments.
📊 U.S. Audits: Ongoing audits in the United States aim to determine the accurate values of assets, crucial for the upcoming financial transitions like the RV (revaluation).
🏦 International Correspondent Banks
: Iraq’s connection to international banks will facilitate the necessary currency conversions as it prepares for global transactions.
⚖️ WTO Membership Preparation: Iraq is making strides towards joining the WTO, which requires practicing international transactions to ensure smooth integration.
🔄 Multi-layer Banking System: The dual approach of using digital platforms and correspondent banks is essential for the dinar’s movement in international markets.
💰 Gold Hoarding: Iraq and other nations are accumulating gold in anticipation of significant economic events, signaling preparations for future financial stability.
Key Insights
🌐 International Banking Integration: Iraq’s recent connection to international correspondent banks is a pivotal move in its strategy to enhance the value of the dinar. These banks serve as intermediaries that will facilitate currency exchanges, allowing the dinar to become more accessible globally. This connection not only improves liquidity for the dinar but also positions Iraq favorably for international trade, increasing its financial credibility and stability.
💡
Wealth Manager’s Role in Currency Exchange: The interaction between a Goldilocks member and a wealth manager emphasizes the increasing recognition of currency exchanges in personal finance. The fact that the wealth manager initiated the discussion about currency exchange shows a broader acceptance and understanding of the potential for currency revaluation, which is critical for investors looking to make informed decisions about their assets.
📈 Impact of U.S. Audits on Global Assets: The audits being conducted in the United States are fundamental for establishing the real values of various assets, including currencies. By ensuring that asset values are accurately assessed, these audits will form a solid foundation for the expected revaluation of currencies like the dinar. This process is essential in preventing financial discrepancies that could hinder investment opportunities and economic growth.
🔗 Digital Transformation and Currency Conversion: The integration of digital banking solutions, such as the use of XRP for currency conversion, is crucial for facilitating international transactions. This technological advancement allows for real-time currency conversion and enhances the overall efficiency of the banking system. As Iraq embraces these innovations, it stands to benefit from increased trade opportunities and a stronger economy.
🏛️ Steps Towards WTO Membership: Iraq’s efforts to practice international transactions are not merely procedural; they are a prerequisite for joining the WTO. The alignment with global banking standards will ensure that Iraq can engage in trade with member countries effectively. This membership would open up significant economic opportunities, enhancing Iraq’s presence in the international market.
🌟 Diversification of Currency Options: By expanding its currency options to include currencies like the Jordanian real, Saudi riyal, and euros, Iraq is diversifying its trade avenues. This strategy not only strengthens its economic ties with neighboring countries but also stabilizes the dinar by providing more avenues for currency exchange and international trade.
🏆 Gold Reserves as Economic Strategy: Iraq’s accumulation of gold reflects a strategic approach to bolstering its economic resilience. Gold has traditionally been a safe-haven asset, and its increased reserves indicate preparations for potential economic shifts. This strategy could play a vital role in stabilizing the dinar and boosting investor confidence in Iraq’s financial system.
In conclusion, the updates from Goldilocks Global Banking News highlight significant advancements in Iraq’s financial landscape as it moves towards greater integration into the global economy. The emphasis on international banking connections, currency management, and preparation for WTO membership signifies a period of transformation for Iraq, with implications for investors and the broader economic environment. By staying informed and engaged with these developments, individuals can better navigate the evolving financial landscape and make strategic decisions regarding their investments in currencies like the Iraqi dinar.
FRANK26: "LOL... AND YOU GOT YOUR BUTTS CHEWED OUT!!!"..........F26
Parliamentary meeting with the Governor of the Central Bank and officials from the Ministry of Finance
2/18/2025
Baghdad /
The Parliamentary Finance Committee held a closed meeting today, Tuesday, with the Governor of the Central Bank, Ali Al-Alaq, the directors of Rafidain Bank and the Trade Bank of Iraq (TBI), the Director of the Anti-Money Laundering Department at the Ministry of Finance, and other officials, to discuss the file of financial sanctions on some banks.
