There's a lot of blow-back from these different tribal factions..but the cash cow which was the parallel markets is going to go away and a lot of that money grift is going to go away.
It's going to be a painful situation for a lot of people. It's going to be a big blessing to the citizens...
Article quote "...as crypto currencies gain traction, the IMF's updated guidelines will play a crucial roll in shaping the future of the global economic statistics and financial regulation."
What are they telling us? Iraq is introducing a digital dinar.
ERBIL (Kurdistan24) – Iraqi Prime Minister Mohammed Shia al-Sudani has announced his candidacy for the upcoming Iraqi parliamentary elections, signaling his intention to remain an influential figure in the country’s political future. According to Sky News, the announcement was made as part of his strategy to form political alliances that will shape Iraq’s path forward in the coming years.
Political observers, however, have expressed skepticism about al-Sudani’s chances of securing another term as Prime Minister. Many suggest that the political landscape may not be as favorable as the Prime Minister anticipates, raising questions about his prospects for another leadership term.
In a related development, on Tuesday, Prime Minister al-Sudani met with Judge Omar Ahmed Mohammed, the Chief Commissioner of the Independent High Electoral Commission (IHEC), to review preparations for Iraq’s October 2025 parliamentary elections. The discussions centered on logistical planning, resource allocation, and ensuring an orderly and efficient voting process. Voter register updates and efforts to enroll new voters were also discussed, with the aim of encouraging broad participation, according to a statement from the Prime Minister’s media office.
On the same day, the IHEC launched a nationwide voter registration update for the October 2025 parliamentary elections, which will run through April 25. This process includes new registrations, biometric updates, as well as corrections and deletions, particularly for displaced persons and security personnel.
In Basra, initial reports from the provincial elections’ office indicated moderate turnout, with 32% of voters yet to update their records. Officials are urging citizens born in 2007, now eligible to vote, to obtain their biometric voter cards in time for the election.
Nabrad Omar, head of the Elections Commission in the Kurdistan Region, also called on residents of Erbil, Duhok, and Sulaymani to visit one of the 173 registration centers to either obtain or renew their electronic voter cards. He noted that voter transfers in areas covered by Article 140 remain restricted, though exceptions exist for married women and children of eligible voters.
A Shift in Iraq’s Political Landscape
As Iraq’s political landscape continues to shift, particularly with the expected decrease in the influence of Iran-backed militia groups, the October 2025 elections will be a critical moment in determining the country’s direction. These militia groups have long held significant influence over Iraq’s government and political decisions, but US pressures on Iraq to dismantle these groups and reduce their ties with Iran are driving a notable shift. The push to sever Iraq’s strong links with Iran could positively alter the political landscape in ways that will benefit the future of the country.
The voter registration update marks a significant step toward ensuring broader participation and accuracy in the election process. With political alliances evolving and new candidates emerging, the election will serve as a key turning point in Iraq’s democracy. The success of these elections will depend not only on voter turnout but on the ability to conduct a transparent and organized voting process. The upcoming elections will be pivotal in shaping Iraq’s political future and ensuring the legitimacy of its government in the years to come.
GOLDILOCKS :BREAKING NEWS: April 1st Iraq Dinar goes LIVE in 66 New Countries
Highlights
Summary
In this episode of Goldilocks Global Banking News, host Freedom Fighter discusses significant developments in international trade and currency exchange, particularly focusing on Vietnam and Iraq.
The episode emphasizes the importance of reciprocal tariff reductions and their potential impact on foreign currencies, including the Vietnamese dong and the Iraqi dinar.
Vietnam has announced plans to cut tariffs on several U.S. products, aiming to boost trade and potentially increase the demand for its currency. This decision aligns with broader geopolitical strategies, reflecting past U.S. tariff cuts.
The implications of reduced tariffs on both trade relationships and currency valuations are explored. Similarly, Iraq is preparing for the implementation of the TIRIR (Trans International Route for International Trade), which is expected to transform it into a central hub for regional trade,
significantly increasing the demand for the Iraqi dinar as it connects with 66 countries. This podcast sets the stage for deeper discussions in the upcoming Saturday call, where more detailed insights and receipts will be shared.
🌍 Global Updates: The show provides critical global banking news with a focus on the RVGCR (Revaluation of Currency and Global Currency Reset) developments.
📉 Tariff Reductions: Vietnam announces a cut in tariffs on U.S. goods, which may influence currency exchange rates positively.
💵 Currency Demand: Lower tariffs are expected to increase the demand for Vietnamese dong,
affecting its exchange rate with the U.S. dollar.
🚢 Iraqi Trade Hub: Iraq is poised to become a pivotal trade link due to new transportation agreements, potentially increasing demand for the Iraqi dinar.
⚖️ Trade Dynamics: The reciprocal nature of tariffs may level the playing field between countries, fostering stronger trade relationships.
🛬 Faster Transactions: The implementation of the TIRIR system is predicted to reduce transportation times considerably, making Iraq a central hub for trade in the Middle East.
📅 In-Depth Analysis: More details will be shared in the upcoming Saturday evening call, promising deeper exploration into these developments.
Key Insights
📊 Impact of Tariff Reductions: Vietnam’s commitment to cut tariffs on American exports is expected to stimulate bilateral trade. By lowering taxes on imports, Vietnam is not only aiming to enhance trade relations but is also strategically positioning itself in response to U.S. tariffs imposed on various countries. This reciprocal approach may create a more favorable trade atmosphere, which will likely boost the Vietnamese economy further.
💹 Demand for Vietnamese Dong: The reduction in tariffs can potentially result in higher demand for the Vietnamese dong. As trade increases due to lower costs of imported goods, it may create a ripple effect, enhancing the value of the dong compared to other currencies, particularly the U.S. dollar. This anticipated demand shift could lead to fluctuations in exchange rates in the near future.
🌏 Iraq as a Central Trading Hub: Iraq’s initiative to join the TIRIR for international transportation is a significant move. By connecting with 66 countries, Iraq stands to increase its international trade capabilities massively. The key takeaway is that Iraq can facilitate faster and more cost-effective transactions, reshaping its role in the Middle East as a logistics and trade center, which will elevate the status of the Iraqi dinar.
⏳ Efficiency in Trade Logistics: The TIRIR’s implementation is a game-changer for Iraq, significantly reducing the time taken for goods to transit compared to previous estimates of three to four weeks. The projected one-week transit time represents a 80% reduction in logistical delays, thus encouraging businesses to utilize Iraq for their trade routes.
🤝 Strengthened International Relations: By cutting tariffs and entering transport agreements, both Vietnam and Iraq are demonstrating their commitment to enhancing international relations. These steps are vital in fostering bilateral and multilateral trade agreements that can lead to a more interconnected global market.
🔄 Influence of Political Dynamics: The episode underlines the broader political and economic environments impacting currency exchanges. Factors such as interest rate differences and political stability remain critical. As both countries navigate these waters with trade agreements, their economic performance will continue to be closely monitored by investors and analysts alike.
📈 Future Prospects: Freedom Fighter notes that these developments in Vietnam and Iraq are just the beginning, suggesting that the global economic landscape is poised for significant changes. The upcoming information from the Saturday call promises to offer deeper insights into the long-term implications of these tariff cuts and transport agreements, emphasizing the need for investors to stay informed and adaptable to changes in the market.
In conclusion, this podcast outlines substantial shifts in international trade dynamics, particularly regarding the upcoming tariff cuts by Vietnam and the strategic advantages for Iraq as it positions itself as a central trade hub. Such changes have far-reaching implications for currency values and international relations, making the upcoming discussions essential for understanding future trends in global economics.
The Minister of Planning, Mohamed Tamim, announced on Wednesday the completion of the preparation of the 2025 budget tables and sending them to the Council of Ministers.
“The budget tables do not include the inclusion of any new projects, but they include funding for ongoing projects,” Tamim said in a press statement.
For his part, the head of the Parliamentary Finance Committee, Atwan Al-Atwani, said, “We are determined to activate the General Authority for Monitoring the Allocation of Federal Imports.”
Will they still exchange out the three zero notes to the new lower denominations?
I firmly believe this project will still take place.
When they tell us that the digital dinar will eliminate expenses of printing currency they are talking mainly about the large sums of paper dinars that would have to be transported outside of Iraq to pay their bills for imports.
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also the CBI told us that our large three zero notes will remain in circulation but only used at the banks for “inter-banking” transactions between countries and banks.