1310 is no longer top secret. The new exchange rate is top secret. The fact that there's a new rate is not secret and it's not a top secret...
Why Digital currency?
Because the whole world now knows that it's not a secret that Iraq has a new exchange rate...The world know the truth about the CBI...
The next step for you when the value goes up is for you to go to a bank/exchange center to have this currency converted into American dollars...and deposit in an American bank...
Some of you have told me, as an example, I have 2 million dinars. I'm going to cash out a million...I'm going to hold on to the other million because I'm going to watch it float and grow. Then I'll exchange it then
...Do you like that scenario to take just a portion of what you have at the beginning and then go ahead and do the rest later? .
..Can I tell you what I'm going to do?
..I'm giving serious thought to exchanging all of it right away...because if I was to wait a year or more to see a range of $2, $3, $4...well that would be good but I could just take all my capital gains right away and invest them properly...By the time I'm waiting for the dinars...
to mature to that $3/$4 level, well shoot, what I invested my dollars in will have already been what I'm waiting for. My rate of return on the dinar a year or two later I can make it on my own with proper investing...Also you know how sick and tired I am of holding on to the dinar LOL!
FRANK26: "EVERYONE KNOWS THE REASON FOR THE DELAY"..........F26
US Congressman Calls for Immediate Sanctions on Iraq’s Rafidain Bank, Accuses Baghdad of Starving Kurds
3/11/2025
ERBIL-
U.S. Representative Joe Wilson has called on the U.S. Treasury Department to impose sanctions on Iraq’s state-owned Rafidain Bank, accusing it of laundering billions of dollars for Iraqi militias while the Iraqi government withholds salaries from Kurdish public sector employees.
In a post on X (formerly Twitter), Wilson, a Republican congressman from South Carolina, denounced the delays in sanctioning the bank and blamed Iraq’s Finance Minister, Taif Sami, for financial discrimination against the Kurdistan Region. “No more delay by the US Treasury Department to sanction Iraq’s Rafidain Bank – laundering billions for Iraqi militias while Iraq’s Minister of Finance Taif Sami is starving Iraqi Kurds and not paying their salaries. This must end. Trump will fix it,” Wilson wrote.
A Longstanding Dispute Over Kurdish Salaries
Wilson’s remarks come amid an ongoing financial dispute between the Kurdistan Regional Government (KRG) and Baghdad. The Iraqi federal government has repeatedly delayed payments to the Kurdistan Region, affecting thousands of Kurdish public servants. Kurdish leaders have accused Baghdad of using financial pressure as a political weapon, while the federal government claims administrative and legal hurdles have contributed to the delays.
The issue of Kurdish salaries has been a recurring point of contention, particularly after Baghdad and Erbil struck a revenue-sharing agreement that has frequently been challenged by shifting political dynamics in Iraq. The KRG has repeatedly urged Iraq to uphold its constitutional obligations, but financial disputes persist.
Accusations Against Rafidain Bank
The allegations against Rafidain Bank align with broader concerns in Washington about illicit financial activities benefiting Iran-backed militias in Iraq. The U.S. has sanctioned multiple Iraqi financial institutions over their roles in money laundering schemes that funnel funds to militia groups designated as terrorist organizations by the U.S. government. Notably, in February 2025, Iraq's central bank, in coordination with U.S. Treasury officials, banned five local banks from engaging in U.S. dollar transactions. These banks are Al-Mashreq Al-Arabi Islamic Bank, United Bank for Investment, Al Sanam Islamic Bank, Misk Islamic Bank, and Amin Iraq for Islamic Investment and Finance.
Wilson’s statement signals a growing push among U.S. lawmakers for a tougher stance on Iraq’s financial sector, particularly amid rising tensions between Washington and Iran-aligned actors in the region.
Political Ramifications and Trump’s Role
Wilson’s mention of President Donald Trump underscores the Republican Party’s broader narrative on foreign policy, particularly regarding Iran’s influence in Iraq. Many Republicans view Trump’s administration as having taken a stronger approach to countering Tehran’s regional activities, including the 2020 assassination of Iranian General Qasem Soleimani.
Now, in his second term as president, Trump has signaled a return to his hardline stance on Iran and Iraq, with a renewed focus on curbing militia financing and holding Iraqi institutions accountable. His administration is expected to intensify pressure on Baghdad to sever financial channels linked to U.S.-designated terrorist groups.
Wilson’s remarks suggest that Iraq’s handling of Kurdish finances and money laundering activities could gain greater prominence in U.S. political discourse. Moreover, the likelihood of the U.S. Treasury Department taking swift action has increased, potentially leading to additional sanctions on other Iraqi institutions accused of facilitating illicit financial flows.
Article: "US Congressman Calls for Immediate Sanctions on Iraq’s Rafidain Bank, Accuses Baghdad of Starving Kurds" Quote: "U.S. Representative Joe Wilson has called on the U.S. Treasury Department to impose sanctions on Iraq’s state-owned Rafidain Bank,
accusing it of laundering billions of dollars for Iraqi militias while the Iraqi government withholds salaries from Kurdish public sector employees...
Wilson’s statement signals a growing push among U.S. lawmakers for a tougher stance on Iraq’s financial sector, particularly amid rising tensions between Washington and Iran-aligned actors in the region."
FRANK26: "SUDANI STICKS HIS TONGUE AT PARLIAMENT AND TELLS THEM WE GOT 30 DAYS WITH THE GAS/ELECTRICITY"......F26
Al-Sudani's advisor denies any sanctions on Rafidain Bank and confirms continued gas supplies from Iran.
3/12/2025
- Baghdad
The Prime Minister's advisor for foreign relations, Farhad Alaa al-Din, denied the existence of US sanctions on Rafidain Bank, while noting that the US exemption for gas imports from Iran remains in place.
"Iraq is a country well-versed in managing foreign affairs and has a legacy in this regard," Alaa Al-Din said in a televised interview followed by Al-Eqtisad News. He noted that "Prime Minister Mohammed Shia Al-Sudani's philosophy regarding foreign relations is to put Iraq's interests first, and from this, the country's foreign policy is built."
He added, "The path of the state and government, through the Ministry of Foreign Affairs, is based on the principle of putting Iraq's interests first."
Regarding Iraq's relationship with the United States, Alaa Al-Din noted, "We had excellent and distinguished relations with the previous US administration," noting that "the new US administration came with a set of promises to American voters, some of which were related to US foreign policy, including ending the so-called endless wars."
He explained that "the American letter we received does not contain the information circulating in the media," noting that "US Representative Joe Wilson tweeted more than 200 tweets in 15 months and did not mention Iraq even once."
He explained that "Joe Wilson attended a meeting with Al-Sudani and had not spoken about Iraq before January 13, but after that date, he began tweeting about Iraq daily," stressing that "the US authorities denied any connection to what Joe Wilson was saying about Iraq."
He pointed out that "the US Treasury Department denied any intention to sanction Rafidain Bank, and that American companies are working to restructure Rafidain Bank and there is no intention to sanction it," noting that "the Prime Minister is busy and does not care about Joe Wilson's tweets."
He stressed that "Iraq has not been a priority for America since 2011," stating, "We are working to change the American view that Iraq is not part of the Iranian file."
Regarding the US waiver on energy imports from Iran, he noted that "the waiver targeted electricity imports, but the gas waiver remains in place," noting that "Türkiye began importing gas from Turkmenistan via Iran after the implementation of US sanctions."
Regarding Iraq's relationship with China, he explained that "25% of Iraqi oil is purchased by China, and we have a significant stake in that country," noting that "Iraq's relationship with China and Russia is commercial, not political."
Regarding Iraq's relationship with Saudi Arabia, he noted, "Our relations with Saudi Arabia are at their best, and Saudi Arabia is not concerned about the development of Iraq's relationship with Qatar."
He stressed that "Iraq is returning to the Arab fold today more than ever before," noting that "Iraq has transformed from an arena of conflict into an arena for the convergence of nations."
He pointed out that "the path of development has transformed Iraq into a region where the interests of the countries of the region converge," stressing that "Iraq has played a calming role between Iran and America, particularly in Syria."
Member: Are there still 23 currencies in the first basket?
MZ: I am still hearing there are at least that many currencies in the first basket.
Member: Hoping for news on your redemption folks working this weekend?
MZ: No update on if they are working yet this weekend or not.
Member: Will we have to travel far to exchange?
MZ: I was told that here in the US –most folks will be traveling 50 miles or less. If you live in the middle of nowhere like in Montana Wyoming or the Dakotas…..maybe a bit longer drive.
