Mazhar Mohammed Saleh, the Prime Minister’s Economic Advisor, confirmed on Monday that the government is working seriously to reduce dependence on the US dollar in internal trade and promote the use of the Iraqi dinar in financial transactions
In his interview with {Euphrates News}, Saleh pointed to “the importance of continuous cooperation with the international financial community to alleviate the burdens and external restrictions on foreign exchange transfers.
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He pointed out that “this trend reflects Iraq’s strategy to combat the smuggling of foreign currency, by strengthening cooperation with international financial institutions to monitor illicit money flows, which contributes to the stability of the national economy and supports Iraq’s ability to overcome global financial challenges.”
MZ: Here is a bank story….that’s not a bank story.
“My son is in Blue Ridge, GA hiking and fishing this weekend. They got a hotel because of the horrible weather coming through last weekend. While they were packing up to leave they got to talking with a couple. The man is a banker in Atlanta.
My son said my dad follows the Iraqi dinar…do you think it will ever be worth something or is my dad crazy?
..and to make a long story short….the banker said “Your dad is not crazy. He is very smart and it is definitely a good investment. I didn’t think much about it until 5 months ago….but your dad is very smart. “
The Ministry of Finance and Economy in the Kurdistan Regional Government announced on Monday the transfer of the “Federal Treasury” share of non-oil revenues to Baghdad last February.
According to a statement from the ministry, which was reported to Shafaq News Agency, the value of the transferred amount amounted to 48 billion and 722 million Iraqi dinars, as it was deposited in the Erbil branch of the Central Bank of Iraq.
The Ministry of Finance and Economy in the Kurdistan Regional Government announced last month the transfer of about 52 billion dinars of non-oil revenues to the Federal Treasury in Baghdad.
GOLDILOCKS: FUNDING for the RV Approved on 3/12/2025 - Banks Stockpiling CASH & Gold
Highlights
Summary
In this insightful episode of Goldilocks Global Banking News, host Freedom Fighter underscores the excitement surrounding the year’s most pivotal developments in the global currency exchange known as the RV (Revaluation) and GCR (Global Currency Reset).
With enthusiasm, Freedom Fighter shares updates from members in the Goldilocks community who have successfully connected with their wealth managers and tier-one banks, solidifying their strategies for currency exchange and wealth growth.
The focus of the episode shifts towards the recent approval for funding within the new digital asset banking system. This approval is critical to facilitating foreign currency exchanges while ensuring long-term stability through compliance with Basel 3 regulations. The host emphasizes the importance of the Net Stable Funding Ratio, which mandates banks maintain sufficient liquidity to support currency exchanges
for a minimum of one year. This significant regulatory change is expected to bolster confidence and security within the banking system, ultimately benefiting currency holders globally. Freedom Fighter encourages listeners to engage in the Goldilocks community for further support, stressing the urgency of establishing banking relationships to avoid being left behind in these rapid developments.
🌍 Goldilocks Community Engagement: Members are actively engaging with wealth managers and banks to secure their financial futures.
💰 Funding Approval Announcement: Approval has been granted for liquidity within the new digital asset banking system, affirming readiness for currency exchanges.
🏦 Basel 3 Compliance: Banks globally, including those in Iraq and Vietnam, are compliant with Basel 3 standards, enhancing the security of banking processes.
📈 Net Stable Funding Ratio Defined: This regulation mandates banks hold sufficient funds for at least a year to support currency exchanges, reducing risks in the banking sector.
🔒 Risk Mitigation for Banks: The new regulations serve to protect the banking system from potential funding shortfalls, ensuring stable operations.
📅 Upcoming Reports: A detailed report on the net stable funding ratio implementation is expected to be published in April, offering more insights into the banking structure.
🔗 Call to Action: Freedom Fighter encourages viewers to join the Goldilocks dialog room for support in navigating the RV GCR space and building essential banking relationships.
Key Insights
🌟 Community Collaboration: The strength of the Goldilocks community lies in its network of members who provide support and guidance to one another as they navigate the complexities of the RV GCR landscape. This collaborative effort enhances individual preparedness and collective expertise. The sharing of experiences fosters a nurturing environment that promotes confidence in financial decisions. By encouraging community members to actively participate, the Goldilocks community positions itself as a vital resource in the currency exchange space.
🎉 Positive Market Sentiment: The enthusiasm expressed by community members regarding their advancements with banks signals a strong market sentiment. As more individuals secure appointments and initiate wealth strategies, it reflects a broader anticipation of the RV and GCR processes. This collective positivity is essential for the growing confidence not only among currency holders but also in the banking system as regulatory changes take effect, providing fertile ground for market growth.
📊 Regulatory Framework and Stability: The recent approval of funding for the new digital asset banking system established by Basel 3 is significant. This change represents a shift toward a more resilient banking structure that integrates asset-backed liquidity, essentially providing greater stability and security for currency holders. The implementation of standards such as the Net Stable Funding Ratio ensures that banks can meet their obligations over a sustained period while contributing to the overall systemic stability of the financial environment.
💡 Importance of Education and Information Access: Freedom Fighter’s invitation to join the Goldilocks dialog room highlights the importance of being informed and educated about the changes in the banking system related to currency exchange. As these developments continue to evolve, having access to timely information and guidance is crucial. Empowering members with knowledge enables them to make informed decisions about their financial futures and allows them to adapt to changes in real-time.
🚀 Long-Term Investment Understanding: By emphasizing the liquidity required for currency exchanges, Freedom Fighter draws attention to the long-term dimensions of the banking strategies that currency holders must consider. The Net Stable Funding Ratio not only sets the groundwork for operational longevity but also encourages currency holders to think beyond immediate gains and focus on sustainable wealth management practices.
🔄 Crisis Prevention and Wealth Preservation: By adhering to Basel 3 regulations and maintaining a focus on liquidity, banks significantly reduce their vulnerability to financial crises. This proactive approach enhances the security of currency holders’ investments by providing a safety net that protects against potential market pitfalls. The regulatory framework serves as a bulwark against economic instability, ultimately reinforcing the confidence of consumers in their banking institutions.
⚠️ Urgency of Action: The host’s urging for listeners to establish relationships with banks and wealth managers emphasizes the need for proactive engagement in today’s rapidly changing financial landscape. As time is of the essence, those who delay action risk missing out on crucial opportunities for wealth growth and currency exchange. The call to immediate action reflects the important dynamics in the marketplace that could substantially impact individual financial well-being.
In conclusion, this episode of Goldilocks Global Banking News provides a detailed exploration of the current state of the RV GCR landscape, emphasizing community support, regulatory changes, and the implications for currency holders. With a perspective focused on education and proactive engagement, the host encourages listeners to grasp the opportunities available while remaining mindful of upcoming developments and securing financial futures in an evolving environment. The detailed updates and insights shared here not only strengthen the community but also reinforce the importance of being informed participants in the global financial discourse.
The Minister of Electricity, Ziad Ali Fadel, announced on Sunday his agreement with his Turkish counterpart, Alp Arslan Birkdar, to increase the processing capacity through the Iraqi-Turkish connection line to 600 MW. A statement from the media office of the Minister of Electricity – received by Mawazine News said: “The Minister of Electricity received – at the ministry’s headquarters in Baghdad – Turkish Energy Minister Alep Arslan Birqdar and his accompanying delegation in the presence of Turkish Ambassador to Iraq Anil Bora Inan.”
He added that “the Minister of Electricity reviewed – with his Turkish counterpart – the prospects for cooperation and partnership between the two countries in the field of energy, specifically in the sectors of transmission and distribution and the development of shared electric networks, and renewed his invitation to Turkish companies specialized in the field of renewable energies to work in Iraq.”
The Minister of Electricity confirmed, according to the statement, that “the Ministry of Electricity has completed all logistical procedures and infrastructure necessary to increase the processing capacity through the Iraqi-Turkish connection line to 600 MW, proposing the formation of a joint higher technical committee to follow up the implementation of the meeting’s decisions.” He pointed out that “the Iraqi government headed by Prime Minister Mohammed Shia Al-Sudani and within the government curriculum is working to implement an integrated strategy to diversify energy sources through a package of projects that include electrical interconnection with neighboring countries, composite cycle projects and solar energy that are being implemented on a large scale in various governorates of the country.” For his part, the Turkish minister pointed out that “the coming months will witness a doubling of electricity supplies through the common line to 600 MW,” noting that “his country is keen to strengthen cooperation with Iraq in various fields, especially the energy sector.” It should be noted that the Iraqi and Turkish governments succeeded last July in operating the joint electrical connection line (KSK – Carrot 400 K. (p) which currently supplies Iraq with 300 megawatts.
