FRANK26: "FROM DIGITALIZATION TO AI FOR THE MONETARY REFORM"......F26
Al-Alaq: We will witness a comprehensive digital transformation in the financial sector
3/8/2025
Baghdad
The Governor of the Central Bank, Ali Al-Alaq, announced on Saturday that banks are close to being converted into smart platforms using artificial intelligence, noting that Iraq will witness a comprehensive digital transformation in the financial sector
.
Al-Alaq said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "despite the great strides that have been made to activate electronic payment methods, which are a fundamental step in the digital transformation, we will soon put this stage behind us, because even the current electronic payment methods and tools are being changed and developed very quickly."
He pointed out that "soon we will notice a big difference in the tasks and functions of banks, and we will see many banks changing the nature of their work, and there will be a digital financial identity for every citizen through which he can conduct many operations in his accounts or check his balances or even invest inside and outside Iraq," stressing that "banks will soon turn into smart platforms that organize financial operations and benefit from technologies and artificial intelligence."
He added that "this great work is accompanied by the work of the Central Bank, like other central banks, in thinking about having a digital currency under the supervision of the Central Bank. We are not talking about encrypted currencies that are outside the framework of central banks, but rather about a digital currency issued by the Central Bank, and this is a major work being done in the Central Bank in coordination with international and Arab organizations and specialized bodies, and directly with the Arab Monetary Fund."
He continued: "We believe that this trend will be the one that will be imposed in the near future, and this represents solutions to major economic, financial and social problems, and will also establish a strict framework for monitoring funds and limiting corruption, money laundering and financing terrorism, because all financial movements will be within a strict and transparent system that can monitor all financial operations, and at the same time facilitates its holders to conduct extensive operations even in other countries of the world."
He added: "We expect that young people will benefit, through the tools and human resources that we have, from these tools. Indeed, we are following that many young people are investing through these portfolios and tools in various fields outside Iraq, but some need to be careful and cautious because there is a lot of fraud that occurs, and we are working to prevent citizens from falling victim to any fraud."
GOLDILOCKS : PROOF CONTRACT RATES Offered For Currency Exchange + PROOF How the RV STARTS!
Highlights
📜 The redesign of U.S. banknotes was discussed as part of a broader effort to nationalize the Federal Reserve and prepare for digital asset integration.
🔄 Impact of Tariffs: The implications of Trump’s reciprocal tariffs on global exchange rates were outlined, demonstrating their potential effects on currency strength and market equilibrium.
Key Insights
📊 The Importance of Digital Assets: The establishment of a Digital Strategic Reserve by the U.S. government signifies a pivotal shift towards integrating digital currency into mainstream finance. This initiative is expected to influence future currency values and provide a framework for the revaluation of various global currencies. The incorporation of digital assets like XRP into the financial system will be fundamental to the upcoming currency exchanges.
🏦 Building Professional Relationships: Community members shared their successful encounters with wealth managers. These interactions highlighted that approaching financial discussions with professionalism and an understanding of the financial landscape yields significantly better outcomes compared to
unprofessional approaches. Members were advised to avoid discussing speculative topics like RV or dinar, as it could jeopardize their chances of receiving assistance.
📈 Educational Growth and Preparedness: The discussions surrounding trust structures and wealth management strategies underscored the necessity of financial education. The members who actively engaged with their wealth managers were able to leverage their newfound knowledge to secure favorable terms for their future exchanges.
🔄 Economic Impacts of Tariffs: The introduction of reciprocal tariffs by the U.S. is expected to reshape the global economic landscape, influencing the value of various currencies. As countries respond to these tariffs, the anticipated devaluation of certain currencies will push them towards reevaluating their worth, likely leading to a natural increase in their currency values to maintain economic stability.
📜 Nationalization of the Federal Reserve: The redesign of U.S. banknotes is indicative of a significant shift towards nationalizing the Federal Reserve. This move is seen as a preparatory step for integrating digital assets into the banking system, providing a more stable
infrastructure for future economic transactions.
🌍 Global Financial Overhaul: The ongoing changes within the global financial system, including the transition to digital assets and the implementation of new banking regulations, suggest a comprehensive overhaul. This transition is expected to affect all participating countries, necessitating adaptability and informed decision-making for individuals and businesses alike.
⏳ Timeframe for Changes: While the discussions hinted at near-term changes due to tariffs and digital asset regulations, it was clear that these shifts would require time to fully materialize. Individuals are encouraged to remain patient and informed as the financial landscape continues to evolve.
The episode encapsulated a wealth of information pertinent to the future of global finance, providing listeners with insights and strategies to navigate the changing landscape effectively. It reinforced the importance of education, professionalism, and community engagement in achieving financial success.
FRANK26: "SECURITY & STABILITY IN IRAQ BECAUSE THE HEAD OF THE SNAKE HAS BEEN CUT OFF.".....F26
Communication “cut off” between Al-Sudani and Al-Maliki, and Trump will not bring down Baghdad. Saudi report
- Urgent
3/9/2025
An extensive analytical report by the Saudi newspaper Asharq Al-Awsat, published in London, quoted 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.
A report by the London-based Asharq Al-Awsat newspaper, followed by 964 Network :
Two US diplomats said that "comprehensive, in batches" sanctions will be imposed on entities and individuals in Iraqi government and political bodies and factions, while sources confirmed that "communication has become almost non-existent" between Prime Minister Mohammed Shia al-Sudani and two prominent leaders in the ruling coalition, in light of the state of uncertainty that prevails in the country.
There has been endless speculation in Baghdad about the new American policy, since President Donald Trump arrived in the White House and promised Iran a strong campaign against its influence in the region.
An American diplomat, who preferred to remain anonymous because he was not authorized to speak publicly, said, “Economic sanctions are expected to be imposed successively on Iraqi groups, based on the National Security Presidential Memorandum NSPM2.”
Trump signed the memorandum on February 4, 2025, to impose “maximum pressure on Iran and counter its malign influence.”
The US diplomat explained to Asharq Al-Awsat that “the sanctions will target individuals and entities that provided facilities or illegal commercial activities and resources to Iran,” and he pointed out that “the categories that will be included in the sanctions may be government institutions or political or armed entities.”
American institutions concerned with implementing Trump's memorandum are monitoring a wide network of Iraqi activities linked to Iran, including even small commercial interests. The diplomat said: "The classification may extend to checkpoints used by Iranian agents to collect money."
The sanctions will not take into account the “referent entities” of those included, whether they are government cover, the “Popular Mobilization Forces,” or armed factions, due to the adoption of criteria included in President Trump’s memorandum, according to the diplomat.
Trump's memorandum calls for "a robust and sustained campaign to enforce sanctions that deny Iran's proxies access to revenue" to ensure that Iran does not use the Iraqi financial system to evade or circumvent sanctions.
The diplomat said: “Among the foreseeable possibilities is that the United States will review the reduction of the vital cash payments to the Central Bank of Iraq on a monthly basis from its account in the US Federal Reserve, and make them appropriate to the national need, to ensure that the surplus is not transferred to parties and entities in Iran.”
However, the diplomat stressed that "this option is subject to various considerations, including Baghdad's commitment to a non-circuitous method of financial reform."
A second American diplomat, who had recently returned from the capital, Baghdad, said that “the sanctions under consideration are not aimed at undermining the political system in Iraq, but rather at eradicating the network of Iranian interests in the country.”
The diplomat expressed his hope that “the sanctions will help the Iraqis demonstrate their ability to manage the country more independently,” but he did not rule out “the risks of competition from those involved in Iranian interests after the resources dry up.”
In an interview with Asharq Al-Awsat, the American diplomat likened the sanctions to “successive, intensive doses of chemotherapy for a body afflicted with cancerous tumors.” He said, “The treatment may take time, and we hope that the infection is not at a late stage.”
The diplomat explained that “the security and financial institutions in the US administration are facing a comprehensive list whose beginning can be known, but where it will end is not clear.” He said: “We must ensure that batches of sanctions will ultimately lead to cutting off the arms that are deep in the country’s financial system.”
The two American officials refused to disclose the date of the sanctions, and Iraqi officials in the Prime Minister’s Office did not respond to Asharq Al-Awsat’s request for comment.
The threat of sanctions may be a “maneuver led by the Trump administration to force Iran to negotiate,” or “to force Iraqi leaders to make radical changes,” as international relations experts suggest.
Aqeel Abbas, an expert on American affairs, said, “The sanctions against dozens of entities and individuals in Iraq are a serious matter, and what might prevent them is Iran’s acceptance of a peaceful deal through which it gives up nuclear weapons and its influence in the region.”
Abbas added: "At most, the Trump administration wants Iran to abandon its project in the region by mutual consent."
Coordination Framework Ship
Over the past week, Iraqi politicians have been making public statements about US sanctions, suggesting they will likely come “after Ramadan,” while leaders in the Coordination Framework have refused to make concessions to Washington “at the expense of Iraqi interests,” as they put it.
There is uncertainty within the “Coordination Framework,” the ruling coalition that includes influential Shiite forces, due to the lack of political consensus on how to deal with the changes in the Middle East and adapt to American policy against Iran.
Reliable sources said, "Many indicators show the disintegration of the ruling equation that brought together the forces of the (Coordination Framework) in the government of Mohammed Shia al-Sudani."
The sources revealed that communication between al-Sudani and two prominent leaders in the ruling coalition “has become almost non-existent.” They said: “For weeks, the usual channels of communication between al-Sudani, Nouri al-Maliki and Qais Khazali, two prominent leaders in the “Coordination Framework,” have largely disappeared.”
It is customary for the Prime Minister to exchange views and messages with the ruling coalition parties on political issues and files through accredited representatives, but this channel is almost non-functional between these parties.
It is not clear if the lack of communication is related to the climate of anxiety over US sanctions, but the sources indicated that “the Coordination Framework is no longer working as it used to, collectively.”
The sources suggested that "Al-Sudani is trying to create a distance between himself and others who have complex calculations" regarding staying or breaking away from Iranian influence, and that he "presents himself as a party with an official capacity that protects the country's interests."
A Shiite leader told Asharq Al-Awsat, “The Coordination Framework is now a ship that no one wants to captain, and it will be difficult to jump off it… Every decision has a different price.”
"Shiites to secession"
The sources said that Shiite forces are “evaluating at this stage the feasibility of continuing their commitment to loyalty to Iran, within the framework of rare discussions that they are experiencing for the first time in years,” but the state of uncertainty also includes assessing “Tehran’s reaction to its possible retreat in Iraq similar to what happened in Lebanon and Syria.”
Suddenly, Shiite leaders threatened to secede, and Nouri al-Maliki stated, in early March 2025, that “the Shiites will monopolize the oil if they are forced to divide,” and Hussein Mu’nis, a representative of the Iraqi “Hezbollah Brigades,” threatened “the independence of 9 provinces if the blackmail of the Shiites continues.” Later, activists close to the “Coordination Framework” began to educate about the “Shiite secession” project.
The sources said that this wave is part of “a pressure card from groups linked to Iran on the United States and influential countries in the region to avoid the maximum pressure imposed by Trump, but it is difficult to guess what a party might do that will resist so as not to lose everything.”