FRANK26: "EVEN THE BIG-WIGS WAIT FOR THE NEW EXCHANGE RATE"

KTFA

FRANK26: "EVEN THE BIG-WIGS WAIT FOR THE NEW EXCHANGE RATE"........F26

Ministerial Council discusses budget schedules and the local, global oil market

3/10/2025

BAGHDAD

The Ministerial Council for the Economy discussed on Monday completing the budget schedules in addition to the reality of the local and global oil market, setting the end of this year as the final date for implementing the Iraqi specifications for vehicles and organizing the process of issuing car import licenses.

Deputy PM and Minister of Foreign Affairs Fuad Hussein chaired the eighth session of the Ministerial Council for the Economy, held in the Council building in the presence of the Deputy PM and Minister of Planning, as well as the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, in addition to the Secretary-General of the Council of Ministers, the Governor of the Central Bank, the Undersecretary of the Ministry of Oil, the Deputy Chairman of the National Investment Commission, and the PM's advisors for economic and legal affairs, according to the Council's statement received by the Iraqi News Agency - INA.

The Council hosted the Minister of Interior to discuss the project to rehabilitate vehicle registration sites and issue market licenses throughout Iraq, in addition to the smart signals project and the radar system in the capital, Baghdad.

The minister explained that "these projects will contribute to improving the services provided to citizens, enhancing traffic flow, and reducing congestion."

The Council supported the measures taken by the ministry in this regard and recommended submitting them to the Cabinet.

During the meeting, the Council discussed with the Deputy PM and Minister of Oil the completion of the budget schedules, where the minister provided a detailed explanation of the reality of the local and global oil market, in terms of prices and expected production quantities, expenses necessary to manage extraction and marketing operations, and purchase of petroleum derivatives, in addition to the expected revenues from the oil sector.

The council hosted the Undersecretary of the Ministry of Electricity and officials in the ministry, in addition to the Director General of the Iraqi Trade Bank and several heads of investment companies specialized in the energy sector, to review investment contracts and discuss the best ways to ensure the continuity of electricity supplies, especially with the approach of summer.

The Council hosted the head of the Central Organization for Standardization and Quality Control, to discuss the Ministry of Planning's request to postpone the implementation of the Iraqi specification for vehicles and organize the process of issuing car import licenses until the end of this year."

The head of the Central Organization for Standardization and Quality Control explained that "the postponement will enable the relevant authorities to complete the required technical procedures, in line with the Consumer Protection Law and the Competition and Anti-Monopoly Law."

The Council approved the request, setting December 31st, 2025, as the final date for implementation.

LINK

EXCERPTS FROM MARKZ : I HAD MORE CONFIRMATIONS TODAY, 14 MARCH

 EXCERPTS FROM MARKZ

Member: I’m more than ready for the RV…I even washed my currency so it’s clean when I exchange!

MZ: What you are saying is you are laundering money…lol

MZ: More confirmations today. I had another historic bond contact tell me the facilitators asked for their “wire” or ACH information so they could send them travel dollars. They are prepared to send funds immediately. 

Member: ACH stands for Automated clearing house electronic transfers

MZ: I had another bond contact who has not heard anything for awhile -but suddenly was told late yesterday to expect their payments to start by the end of this week…or throughout the weekend. They are excited that its finally going to be their turn and they have a place in the que.

FIREFLY:If citizens would just bring in their dinars we will enhance our country and do so much more

 

FRANK26: "KTFA FAMILY... THIS BACK & FORTH IS IMPORTANT FOR THE SECURITY & STABILITY OF THE NEW EXCHANGE RATE", 14 MARCH

 KTFA

FRANK26: "KTFA FAMILY... THIS BACK & FORTH IS IMPORTANT FOR THE SECURITY & STABILITY OF THE NEW EXCHANGE RATE"........F26

Rashid to an American newspaper: Iraq is ready to mediate between Washington and Tehran

3/11/2025

 

Iraqi President Abdul Latif Rashid confirmed on Tuesday that Baghdad wants to play a mediation role between Washington and Tehran, while calling on US President Donald Trump to implement his promises regarding ending conflicts in the Middle East.

“Iraq has changed a lot from what it was under Saddam Hussein, and the time of entering into conflicts and challenging the rights of other countries is over,” Rashid said in an interview with the Washington Times, translated by Shafaq News Agency. “Some major companies, in the energy sector and others, are active here in petrochemicals and oil, and I don’t think we are facing a conflict with the United States. On the contrary, we welcome all the help we can get from the United States, and we want to have a really good and friendly relationship with the United States.”

He pointed out that "Iraq can play an important role in mediation because it is in constant contact with Iranian policy," indicating that "Iraq has no reservations about meeting senior Iranian officials, and has played a role in making Iran and Saudi Arabia understand each other, and re-establishing the diplomatic service, which has benefited everyone, and has also made some suggestions to Jordan and other countries."

Regarding Iraq's possible role in Syria, the president continued, saying, "It is clear that Syria is an independent state and has a new administration or new rulers, and we want the Syrian government to reflect the will of the Syrian people, either through elections or through the democratic steps that must be taken," stressing that "the Syrian administration must try to accommodate all segments of society, so that no one feels that he has been excluded or not treated as an ordinary citizen."

He stressed that "there is one very important point for Iraq, which is the presence of large numbers of terrorists or families of terrorists on the Syrian border, and there is concern about that, and some arrangements must be made so that the border does not get out of control."

Asked if the Iraqi president would receive an invitation to visit the United States, Rashid said, “I honestly don’t know. I sent President Trump a congratulatory message and encouraged him to implement what he promised to maintain peace in the world, to end conflicts,” noting that “life will not be easy, especially in our region, where we have conflicts in Syria, in Palestine, and we have problems in Lebanon, in Yemen, in Sudan, and in Somalia.”

LINK

 

FRANK26 : The new exchange rate is top secret, 14 MARCH

 Frank26 

 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: I don't think we're going to see a ridiculous rate at the onset! @DINARREVALUATION #iqd

 

FRANK26: "EVERYONE KNOWS THE REASON FOR THE DELAY", 14 MARCH

 KTFA

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.

LINK