Wednesday, February 26, 2025
It Includes Several Priorities.. Al-Najjar Explains The Strategy Of The Iraq Development Fund, 26 FEB
It Includes Several Priorities.. Al-Najjar Explains The Strategy Of The Iraq Development Fund
Economy 02-22-2025, 15:54 Baghdad - WAA - Mohammed Al-Talibi The Executive Director of the Iraq Development Fund, Mohammed Al-Najjar, explained today, Saturday, the most prominent strategic priorities that the fund is working on to support economic growth in the country, while stressing the work to create new guarantees that allow citizens to obtain loans.
Al-Najjar said in a statement to the Iraqi News Agency (INA):
"The priorities of the strategy that the Iraq Development Fund is working on to
support economic growth in the country are to find and create projects capable of accomplishing several things, including
withdrawing the cash mass available to citizens,
finding investment outlets for it,
and also rebuilding projects that
rebuild human capital in Iraq, in addition to projects that work to
improve the environment in all its aspects, whether the actual environment, the economic environment, or the community."
He added that"the fund is also working to revive small and medium enterprises after
they were the basis of the economy, but today their role is very weak, and we are working to rebuild them, and we are also working seriously to restore the spirit of initiative and leadership among young citizens," noting that
"working to create new types of guarantees that allow citizens to obtain loans other than the current guarantees." He continued:
"We are also working on three types of projects, including
projects with a societal return, and
projects with a return on capital
or what is called a catalyst, and our role is a catalyst, and we are working on so-called
growth projects, which are projects that generate money," noting that "the nature of the
fund's work is not only profit, but
our goal is development in all its forms,
human development,
wealth development,
water development, and
attracting the private sector to invest."
Regarding the monitoring and evaluation mechanisms adopted by the Fund to ensure the efficient and transparent implementation of projects and the achievement of their desired objectives, Al-Najjar pointed out that
“there is an international company that does this work, and
it submits its reports to the Fund’s Board of Directors.
We also adopt international standards for financial accounting for this purpose, as
we have internal and external auditing, as well as an audit from the Audit Bureau.” https://www.ina.iq/228587--.html
Judy Note on the Global Currency Reset, 26 feb
Judy Note on the Global Currency Reset
There has been no new information on the GCR for several days. In order to understand what’s going on, let’s connect the dots:
- The name of this update has always been Restored Republic via a GCR.
- An important part of that restoring of the Republic concerned a Global Currency Reset of 209 nations and replacement of the fiat Federal Dollar with the gold-backed US Note, a movement that has been seriously going on since 2008 when the Fed was officially bankrupted.
- Ever since Trump came into office in 2016 he has been collecting stolen US owned gold, the most dramatic was when he flew 650 plane loads of gold from the Vatican, which was holding it illegally.
- All banks and nations involved in the GCR including the Kingpin of the GCR Iraq, have completed what they needed to do in order to have the reset happen.
- JFK Jr. has said that the GCR would take place during the month of Feb. 2025 – which ends this Friday.
- In order to switch over from bankrupt US Inc. to the Republic for the United States of America, the GCR has to be complete.
- On Tues. 4 March Trump will address a mandatory joint session of Congress to make an important announcement.
Developing {Electronic Payment} In Iraq , 26 FEB
Developing {Electronic Payment} In Iraq
First 2025/02/26 Baghdad: Hoda Al –Azzawi The country has recently witnessed a remarkable expansion in the use of electronic payment systems, whether in the private sectors such as companies, shops, markets, or in government institutions and departments.
This trend is part of the digital transformation strategy, which the
government seeks to achieve extensive financial and administrative reforms. In an interview with "Al -Sabah", a government advisor, a member of a specialized team, explained that
electronic payment carries many advantages, most notably the
limit of corruption,
reduce financial waste, and
narrowing the gap in the lost tax amounts. The system also contributes to
accelerating the completion of transactions for individuals,
replacing the long queues in government departments with
smooth and rapid payment operations.
Dr. Mohamed Esmat Al -Bayati, a member of the advisory team for digital transformation in the General Secretariat of the Council of Ministers
, stressed that
electronic payment is the cornerstone of the financial renaissance of Iraq. He added that
this system provides wider financial comprehensiveness,
which contributes to integrating large segments of society within the official banking system, and
thus reducing the size of the parallel economy and enhancing the stability of national criticism.
https://alsabaah.iq/110806-.html
Awake-in-3D: $42 Iraqi Dinar Revaluation, the Biggest Currency Shift in History Driven by Gold and Oil,, 26 feb
Awake-in-3D: $42 Iraqi Dinar Revaluation, the Biggest Currency Shift in History Driven by Gold and Oil
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A $42 Iraqi Dinar Revaluation: The Biggest Currency Shift in History Driven by Gold and Oil
Awake-In-3D
February 25, 2025
Iraq’s currency stands at the edge of a historic transformation. Could gold and oil propel the Iraqi dinar to $42?
Iraq is positioned to transform its economy and propel an Iraqi Dinar Revaluation into one of the most significant financial events of the century. Let’s explore how this historic shift could unfold.
Consider a scenario where Iraq successfully revalues its currency, with the new Iraqi dinar (IQD) surging to an exchange rate of 1 IQD = $42 USD. For years, currency watchers have speculated about Iraq’s potential to restore the strength of its dinar.
Now, through a strategic combination of gold-backed stability, rising oil prices, and a planned redenomination, this scenario is on the verge of becoming reality.
The Foundation of an Iraqi Dinar Revaluation: Iraq’s Powerful Resources
Iraq holds a significant position among oil-producing nations, sitting atop
145 billion barrels of proven oil reserves, making it the fifth-largest oil holder in the world. Oil prices are set to rise to $100 per barrel by early 2026, and Iraq is increasing production to 5 million barrels per day (bpd), strengthening its ability to leverage its vast energy wealth.
Meanwhile, Iraq has been steadily building its gold reserves, reaching 162.7 metric tons as of February 2025. With gold prices on track to reach $3,000 per ounce by the end of 2025, Iraq’s gold holdings would be valued at approximately $15.7 billion USD.
These two critical assets—oil and gold—drive a currency transformation that is reshaping Iraq’s economic future.
Strategic Shift: Iraq’s Plan to Back the Dinar with Tangible Assets
To stabilize and strengthen its currency, Iraq is considering a dual-asset backing strategy, leveraging both gold reserves and oil wealth to support the Iraqi Dinar Revaluation. Here’s how this system would work:
- Gold-Backed Reserves: Iraq’s 162.7 metric tons of gold would provide $15.7 billion USD in monetary support for the dinar.
- Oil-Backed Financial System: Iraq pledges 5% of its 145 billion barrels in oil reserves to currency backing, equating to $725 billion USD in value.
By combining these two forces, Iraq secures $740.7 billion USD in backing assets, dramatically strengthening confidence in the dinar.
Policy Initiative: Redenomination of the Iraqi Dinar
One of the most effective strategies for Iraqi Dinar Revaluation would be a redenomination, removing three zeros from the old dinar. This approach would include:
- 1,000 old IQD converted into 1 new IQD.
- Money supply (M2) shifting from the current 173,686 trillion old IQD to 173.686 billion new IQD—without altering the overall economy’s value.
- Simplified transactions and elimination of psychological barriers associated with high-denomination currency.
The Exchange Rate Transformation
As a result of this redenomination, Iraq could back 10% of its new currency supply—17.3686 billion new IQD—with its $740.7 billion USD in reserves.
The Calculations: A Historic Shift
This means:
- 1 new IQD = 42.64 USD
- 1 USD = 0.023 new IQD
This shift catapults the Iraqi Dinar Revaluation into one of the most significant currency transformations in history, potentially surpassing the Kuwaiti dinar and Swiss franc in value.
Key Steps for Iraq’s Implementation Plan
For this massive revaluation to succeed, Iraq must take several key steps:
1. Strengthen Foreign Currency Reserves
Iraq must continue accumulating foreign reserves, particularly
US dollars, euros, and Chinese yuan, to ensure global liquidity and protect against exchange rate fluctuations.
2. Expand Oil Production Beyond 5 Million Bpd
Increasing oil exports further—toward 6 million bpd or higher—would generate even greater revenue streams, allowing Iraq to sustain its financial commitments and economic growth.
3. Introduce Oil-Backed Bonds and a Digital Dinar
Issuing oil-backed bonds could attract foreign investors, while a central bank digital currency (CBDC) could streamline financial transactions and reduce reliance on physical cash.
4. Reduce Dependency on the US Dollar
By strengthening trade agreements with China, Russia, and other BRICS nations, Iraq could gradually shift away from dollar dependency and build a more independent financial system.
What This Means for Iraq and the Global Economy
The Iraqi Dinar Revaluation is not just an internal financial shift—it has the potential to cause global ripple effects:
- Iraqi citizens would experience a dramatic rise in purchasing power, enhancing domestic wealth and economic stability.
- Foreign investors would be drawn to Iraq, recognizing its potential as a rising economic powerhouse.
- The global monetary system could shift, with Iraq emerging as a major player in oil-backed financial markets.
- Speculators and currency traders who have followed the dinar for years could finally witness the long-anticipated revaluation, triggering major shifts in currency markets.
The Bottom Line: Could an Iraqi Dinar Revaluation Really Happen?
This transformation demands precise economic planning, bold financial policies, and political stability to succeed. However, with rising gold and oil prices, strategic asset-backed monetary policies, and a redenomination to streamline the dinar, Iraq is well-positioned for one of the greatest currency shifts in modern history.
The question is not whether the Iraqi Dinar Revaluation will happen—but when.
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