Tuesday, March 11, 2025

HENING: Trump ...may issue 'unusual' sanctions on Iraq, but in 'doses similar to chemotherapy! #iqd

FRANK26: "MONETARY REFORM EDUCATION TEACHES CITIZENS ABOUT FOREIGN CURRENCY", 11 MARCH

KTFA

FRANK26: "MONETARY REFORM EDUCATION TEACHES CITIZENS ABOUT FOREIGN CURRENCY"......F26

Mechanism for publishing data on buying and selling foreign currencies

3/9/2025

The Central Bank of Iraq explains the mechanism for publishing data on the sale and purchase of foreign currencies from the daily bulletin to the monthly report, which will include:

- Total enhancement of bank balances abroad.
- Settlements of electronic payments abroad.
- Cash sales.

The bank confirms that this decision came in conjunction with the transition from the electronic platform mechanisms to the mechanisms for enhancing the balances of authorized Iraqi banks with correspondent banks, and that the process of enhancing banks does not reflect the daily sales of bank customers until the operations are actually realized.
It draws attention to the Central Bank of Iraq's possession of sufficient foreign reserves to meet all official requests for foreign currency, which enhances confidence in the national currency.
Noting that the report scheduled to be published next month will include details of external transfer operations
in terms of (amounts, the most prominent imported goods and materials, the most prominent countries from which they were imported.

Central Bank of Iraq
March 5, 2025

https://cbi.iq/page/164

TIDBIT FROM FRANK26, 11 MARCH

Frank26

We wait patiently in line with everybody and everything else. We all patiently wait for the new effective exchange rate. That's called the REER. In reality we won't see that for quite a while.

It'll come through the float.

What I care to see right now is at least 1 to 1 or maybe go back to the 'glory days' with an RI of $3.22. We all wait for the new rate to come out...

MNT GOAT: "SHRINKING THE PARALLEL MARKET", MY CBI CONTACT TOLD US THAT THIS HAD TO HAPPEN #iqd

FRANK26: "SECURITY & STABILITY DEMANDS YOU DEPART FROM IRAN BUT YOU GOT 30 DAYS", 11 MARCH

KTFA

FRANK26: "SECURITY & STABILITY DEMANDS YOU DEPART FROM IRAN BUT YOU GOT 30 DAYS".........F26

Iraq tells US: Stopping Iranian gas imports will cause electricity system to collapse

3/9/2025

On Sunday, the head of the Finance Committee in the Iraqi Parliament, Atwan Al-Atwani, sent a letter to the US government stating that stopping the import of gas from Iran will cause the collapse of the electricity grid system during the coming summer in Iraq, indicating the need to extend the exemptions granted to Iraq in this regard after they were officially stopped by the administration of US President Donald Trump.

This came during Al-Atwani's meeting with the US Ambassador to Iraq, Daniel Rubinstein, and the accompanying delegation, according to the MP's media office.

The head of the Parliamentary Finance Committee stressed the importance of this visit at this sensitive time, and stressed the need for continuous communication to correct the course of Iraqi-American relations.

The statement added that the meeting focused on discussing the US sanctions file and their impact on the electricity sector, especially in light of talk about the expiration of the deadline for Iraq to be exempted from importing Iranian gas.

The statement also indicated that Al-Atwani conveyed an important message to the US ambassador to his country's government, stating that stopping gas imports would have disastrous consequences for the Iraqi people, especially in the summer, as it would cause the collapse of the national electricity system, due to the lack of any alternatives at the present time.

Al-Atwani said during the meeting that the Iraqi government is serious about achieving energy independence through several promising projects related to investing in associated gas, for the purpose of using it in generating electricity and achieving self-sufficiency, but these projects will enter service in the coming years.

Al-Atwani also called on the US administration to review the policy of pressure exerted by the US Treasury on the financial and banking sector in Iraq by imposing continuous sanctions on local banks.

He pointed out that Iraq has achieved a qualitative shift in the policy of compliance and financial transfers, and despite that, we are surprised by collective sanctions targeting Iraqi banks without prior warning and without any declared justification or even notifying the Central Bank of Iraq about that, and this has created a major problem for us and affected the work and activity of the banking sector.

In turn, the US Ambassador expressed his understanding of what Al-Atwani had raised during the meeting regarding the energy and banking sanctions files, and promised to convey these messages to his country's government in the hope of finding permanent treatments and solutions that would achieve the interests of the two friendly peoples, noting that the import of natural gas is, until now, outside the sanctions system, according to the statement.

LINK

TIDBIT FROM HENING, 11 MARCH

Henig

Article: "Communication 'cut off' between Al-Sudani and Al-Maliki, and Trump will not bring down Baghdad. Saudi report - Urgent"

Quote: "American diplomats who had just returned from Baghdad, stating that the Donald Trump administration is reviewing the situation and may issue 'unusual' sanctions on Iraq, but in 'doses similar to chemotherapy.' ;

It also quoted political sources in the Coordination Framework, saying that discussions and disagreements have reached the point of 'cutting off communication' in recent days between Prime Minister Mohammed al-Sudani, the leader of the State of Law Coalition,

Nouri al-Maliki, and others from the Shiite alliance, reflecting a difference in opinion on how to deal with 'maximum' American pressure and the almost unstoppable transformations across the region."

DINAR REVALUATION

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