Tuesday, March 4, 2025
MP: Washington directly supervises the financial system in Iraq, 4 MARCH
MP: Washington directly supervises the financial system in Iraq
Representative Mukhtar al-Moussawi confirmed today, Monday, that the United States directly supervises the financial system in Iraq, and is aware of the entire movement of money.
Al-Moussawi explained to Al-Maalouma that "the United States directly supervises the financial system in Iraq, and is fully aware of the movement of funds and exiting the country, which gives it broad economic influence that affects the financial decisions of the Iraqi government.
Regarding the security official, Al-Moussawi said that "Iraq has recovered in terms of security and has become able to protect its lands from terrorist attacks, thanks to the development of the capabilities of the armed forces and the Popular
Mobilization Forces," ruling out "the possibility that Washington will use the ISIS terrorist organization card again, given the expected failure of such attempts in the face of the high security readiness enjoyed by the Iraqi military apparatuses.
" Al-Moussawi criticized "some parties that promote the possibility of the return of the threat of the terrorist organization, and an attempt to repeat the 2014 scenario," stressing that "the security forces and the Popular Mobilization Forces are ready to thwart any terrorist activity that may target the country."
According to observers, the United States is playing its suspicious role in Iraq, whether through economic intervention or waving the security card, which calls for a firm national position to end its guardianship and restore full autonomy link
TIDBIT FROM PIMPY, 4 MARCH
Pimpy
What does [a digital Iraqi dinar] mean for those of us who have the paper IQD?
The truth of the matter is they hadn't said one way or another.
If they go 100% digital what you have to pay attention to is, does the digital only work for the people within Iraq?
So it makes it okay for people outside of Iraq to hold paper currency because if they go 100% digital then that means we're going to have to give up our IQD.
We're going to have to turn it in. Either we have to sell it back or we're going to have to figure out how to get a digital version of it at the current exchange rate. I don't know if that's going to be possible. The odds are they're going to force people to sell the dinar...
What does that mean for speculators? ...We're going to have to wait and see...
Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading , 4 MARCH
Mazhar Saleh: Geopolitical controls push towards shifting to official channels for currency trading
3/3/2025
Mazhar Muhammad Salih, the financial advisor to the Prime Minister, confirmed that the geopolitical controls imposed on informal trade contribute to expanding dealings with official outlets for foreign currency, which contributes to financing foreign trade through the sound international financial system.
He pointed out in his statement to {Euphrates News} that "this shift aims to move away from informal financing from the parallel dollar market intensively, especially with the change in the behavior of small traders in avoiding the parallel market linked to the countries' regional and geopolitical problems."
Saleh added that "this shift comes in the context of the importance of increasing Iraq's foreign reserves and confronting money smuggling operations, in addition to facilitating external transfer operations through Iraqi banks that deal with international banking correspondents, at an official exchange rate of 1,320 dinars per dollar."
He also stressed that the end of the compliance platform phase adopted by the Central Bank of Iraq in the past two years and the country's entry into a new phase has contributed to providing great flexibility in financial transfers through official channels. LINK
CRYPTO TRADER UPDATE, 4 MARCH
CRYPTO TRADER
#IQD
The repercussions of printing 10 trillion Iraqi dinars: between addressing the deficit and economic risks?!
They have severe dinar liquidity issues. Iraqi citizens hoarding cash to the tune of 15 trillion is causing a liquidity squeeze . Iraq is between a rock and a hard place.sonerhungs gotta give.
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