😊Then in today’s news article titled “GOVERNMENT ADVISOR: WE HAVE A LARGE FINANCIAL SURPLUS ENOUGH FOR IRAQ TO COVER TWO YEARS OF IMPORTS” we read that Mohammed Al-Najjar, the Prime Minister’s Advisor for Investment Affairs, confirmed that the Central Bank has a large financial surplus sufficient for Iraq to cover two years of imports.
This does not even cover the 162 tons of gold. Tell me what small developed economies like the country of Iraq, have this much financial security, like Iraq does?
😊Then if everything I have told you today is not amazing enough, lets look at what they told us in the article titled “THE BLACK FILE”… REVENUES PARALLEL TO OIL LOST OUTSIDE THE STATE TREASURY: 3 PROPOSED SOLUTIONS (DETAILS)“. Just yesterday Wednesday (March 12, 2025), the representative of the Patriotic Union of Kurdistan, Bryar Rashid, raised decisive questions about what he described as the “black file” in Iraq
,
noting that non-oil revenues, which are equivalent in size to oil sales revenues, do not enter the state treasury in full. WOW! WOW! WOW! Didn’t I tell my readers that the non-oil revenues can rival the oil revenues, if only the GOI could control them? So here we read it from them now again.
Rashid confirmed, in a statement to “Baghdad Today”, that “all countries in the world depend on internal revenues such as taxes and service fees, which are used to finance salaries and expenses, but the situation in Iraq is different, as non-oil revenues reach the Ministry of Finance in very small amounts compared to their actual size.”
FRANK26: THIS MAY BE TRUE BECAUSE IT COMES FROM SALEH"...........F26
Important details about the 2025 budget schedules and the date for submitting them to Parliament were revealed.
3/12/2025
The Prime Minister's financial advisor, Mazhar Mohammed Salih, revealed important details about the 2025 budget schedule.
Saleh said in a press statement: "The budget is based on two main wings: the first is the operational wing, which constitutes between 68 and 70% of total public spending, and covers the salaries of employees, retirees, and social care, while the second wing is allocated to investment in development and service projects. Saleh pointed out that the budget will operate according to spending ceilings estimated at about (200) trillion dinars, with a hypothetical deficit of (64) trillion dinars. This deficit will be financed from internal sources in the event that the average price of a barrel of oil falls below (70) dollars or oil exports fall below (3.4) million barrels per day.
He stressed that the government is committed to guaranteeing the salaries of employees and retirees, pointing out that approximately (8) million citizens receive government income, which contributes to the indirect support of approximately (40) million people. He added that implementing service projects, such as water, electricity, schools, and hospitals, will be a parallel priority to securing salaries.
For its part, the Parliamentary Finance Committee confirmed that the discussion of the 2025 budget will be resolved after it reaches Parliament.
Committee member Jamal Koujar explained that the committee will hold a session to discuss the budget once the schedules are received by the parliament, and will submit a report on the matter to the parliament's presidency.
(TRILLIONS CAN BECOME BILLIONS AT THE FLIP OF A SWITCH -F26)
“When Irish Eyes Are Smiling“…bla..bla..bla… Heck, you know the song…lol..lol.. As Joe Biden used to say… Thank God he is gone….
But we all should be smiling today and every day. We don’t have to wait until March 17th St Patrick’s Day to put that twinkle back in our eyes. If you are holding Iraqi dinar and you have enough, you are already a millionaire only you can’t go to the bank yet. Get it? Why so gloomy then?
Folks the longer we wait the closer we get. Get it? The glass is not half empty! I keep telling everyone you can look at the world through rose colored glasses and pretend, or you can be a realist and still celebrate, but celebrate knowing the FACTS not some fake news. It's the FAKE news that causes stress and apprehension.
Yes, the glass is always half full and the pot of gold is still sitting at the end of the rainbow. It has not moved. It is still there waiting for us. Just be patient.
I have tried to explain to you about the Obama/Biden foreign policy towards Iraq and how it effects the economy and how these policies are reflected in the currency reform process. I also tried to connect the pieces of what is going on in the U.S. and what the prophets tell us is going to happen. God is never wrong.
Man and his wicked ways can try to stall the process but inevitably God will win. It may be an uphill battle for the Iraqi people, but God will win. He will free the Iraqi people.
😊One article really stands out this period of news is titled “MF DISCUSSES STRENGTHENING IRAQI DINAR“. Iraq’s delegation concluded its meetings with the International Monetary Fund (IMF) in Amman with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI). These discussions with the IMF focuse on Iraq’s economic performance and the IMF acknowledging the progress made. But I have to keep going back to 2012-2013. Why did the IMF sign off and give the CBI the green light to reinstate back then? Iraq didn’t have nearly as much economic growth,
gold or reserves in the DFI fund? Since the many more oil wells have been drilled and almost 2/3 more oil is pumped and sold. Does this seem strange to you?
Yes, it is strange on how a foreign policy towards Iraq can change so much since 2012-2013. But what was really going on back then? Obama was already president and this period was under his first term of office. So why did the U.S. also sign off on this plan to reinstate the dinar back then?
We only have to put our THINKING CAPS on and THINK! THINK! THINK! So, what else took place in the fall of 2012 and continued through early 2013? What happened was the Obama and Bush administration politicians decided they were going to exchange and cash-in on this opportunity to get rich from the Iraqi war. So, Obama authorized the U.S. Treasury to fund these early exchanges even though the IQD was not yet on FOREX. Was thi this even legal?
Then the Obama administration did something that was even more sinister and horrific, as if this corruption was not bad enough. Obama and his Vice President Biden and Secretary of State decided to do a 180 degree turn on the foreign policy towards Iraq, which is what we are stuck with today. This change occurred right after these early, illegal exchanges occurred. Go figure! Talk about corruption.
So, today we can have all the GDP growth figures, economic indicators, bla, bla, bla we want all in favor of Iraqi’s vast progress, however it is still subjective as to when they decide to give them the green light again. Who makes this decision and what is the final criteria? Folks it is all subjective. It is all politics. When they simply cannot hold back the progress in the public eye any longer and the wealth is so massive, they will have no choice.
Define SUBJECTIVE: based on or influenced by personal feelings, tastes, or opinions.
So, you see this is what I mean when I say there is really no set defined criteria. it is all subjective. Just look at the past history of the RV. Am I telling you the truth or lying to you? This is what my CBI contact has told me many times. Many of my blog followers still want to pursue the same old intel guru speculative thinking basing the RV on a single event has to happen and we will see it. It simply does not work that way. Yes, I am told that
there are still many issues that must be resolved prior to the RV, but this does not mean it will occur once these events are resolved either, i.e. Oil and Gas Law.
On the other hand, the United Nations have also come out and spoke openly the the DFI funds in NYC should be released back to Iraq as soon as possible, since Chapter VII sanctions are released. What has this not yet happened?
I also want to point out that we read in the recent past that the IMF has stated that Iraq qualified for a global transformation of their currency and it should be reinstated. Why has this not yet happened?
FRANK26: "ALAQ ADDRESSES DEVELOPMENTS IN THE BANKING SECTOR"......F26
The Association of Private Banks organizes a dialogue session to discuss the latest developments in the banking sector in Iraq.
3/13/2025
- Baghdad
The Iraqi Private Banks Association organized a dialogue session to discuss the latest developments in the banking sector in Iraq, including deprived banks and fines imposed by the Central Bank. The session was attended by the Governor of the Central Bank of Iraq, Ali Al-Alaq, and representatives of banks and electronic payment companies.
At the beginning of the session, the Chairman of the Iraqi Private Banks Association, Wadih Al-Handhal, welcomed the Governor and the participants, stressing the importance of joint cooperation between the Central Bank, banks, and electronic payment companies to enhance financial stability and develop the banking system in accordance with the latest international standards.
Al-Handhal stated that the Special Committee for Assisting Deprived Banks, formed within the Ministerial Economic Council, called for the need to assist deprived banks and suspend fines imposed on them, as they are going through difficult circumstances, as everyone knows. He explained that deprived banks work daily to implement global financial requirements and are subject to daily fines, calling for these fines to be suspended and reviewed by the Central Bank of Iraq.
For his part, the Governor of the Central Bank, Ali Al-Alaq, addressed the Central Bank's measures related to banks barred from using the dollar, noting signs of optimism in discussions with the US side on this issue.
He stressed that the Central Bank supports the establishment of digital banks, with 75 banks having applied for them, contributing to accelerating the digital transformation of the banking sector in Iraq. He noted that the first phase will involve granting only one or two licenses for the purpose of experimentation and studying the problems and challenges facing these digital banks.
Al-Alaq indicated that banks are required to work to increase the rate of financial inclusion by providing modern banking services that target broader segments of society, emphasizing that the transition to a digital economy is a fundamental step towards enhancing financial stability and economic development.
“DIGITAL CURRENCY IN IRAQ: CRISIS OF CONFIDENCE.. THE BIGGEST OBSTACLE”
Will we have to wait for this digital currency to RV?
All I can tell you is what my CBI contact has told me. She has said already that the Project to Delete the Zeros will occur and is planned to occur.
This is not digital currency! That will come later once reinstated. We all know that this project will not happen until the rate revalues in-country.
“When Irish Eyes Are Smiling“...
we all should be smiling today and every day. We don’t have to wait until March 17th St Patrick’s Day to put that twinkle back in our eyes.
If you are holding Iraqi dinar and you have enough, you are already a millionaire only you can’t go to the bank yet...
Folks the longer we wait the closer we get. Get it?...Yes, the glass is always half full and the pot of gold is still sitting at the end of the rainbow. It has not moved. It is still there waiting for us. Just be patient.
