Al-Sudani: Restrictions are useful, and I asked the Americans about their silence on the dollar chaos before me!, 30 MARCH

Al-Sudani: Restrictions are useful, and I asked the Americans about their silence on the dollar chaos before me!

Answered about selling 300 million daily

Prime Minister Mohammed Shia al-Sudani asserted that US sanctions were the best way to eliminate “rogue shops” and that the punitive measures imposed on Iraqi banks were a result of the previous government’s failure to fulfill its commitments to the US.

 He also said that the Treasury described the progress in reforming the banking system as “the revolution we dreamed of.” During a lengthy interview, al-Sudani justified the increase in the Central Bank’s dollar sales by the acceleration of construction activity and the import of building materials.

 He also promised to launch a reform plan to correct the banking sector, which is “the most important in Iraq’s history.”

 Mohammed Shia Al-Sudani, during an interview with journalist Samer Jawad:

There is an exaggeration of the problems facing Iraq, even though countries face many similar challenges, even on the security level. During the ISIS crisis, they said that Iraq was finished, and on the economic level, they said that the economy was finished, but things later proceeded normally.

After assuming the premiership, I faced the issue of the agreements between the previous government, the Treasury, and the US Federal Reserve, which were two years old at the time, regarding a roadmap for Iraq to enter the global financial compliance circle. However, the previous government did not implement any of them, and the deadline expired at the beginning of my government.

My government was able to transform the challenge and commitment to the U.S. Treasury and the Federal Reserve into an opportunity to reform the Iraqi financial and banking system. This came at a social and political cost, which our opponents exploited. However, we leveraged the issue to end the anomalous situation of dollar-selling shops, which we all complained about, and we were able to implement the imposed obligations.

The sanctioned banks were sanctioned for violations committed during the previous government's term. The sanctions imposed by international institutions were related to that period, but there are no violations in this regard now.

We have been able to implement the standards, and now the Iraqi banking system operates transparently, in accordance with international compliance standards and certified by international institutions. During my last visit to New York, the US Treasury representative informed us that Iraq has achieved a revolution we had dreamed of in previous periods. International compliance standards have been applied to all Iraqi financial transfers, via correspondent banks and the US audit firm. Not a single dollar is spent without passing through these bodies.

The only cash dollars exchanged are for travelers, and are spent at the plane door. Therefore, not a single dollar is exchanged outside of improper transactions and procedures. The Central Bank's increased dollar sales have a different interpretation related to construction and development in the country, unlike what used to happen in the days when the process was conducted through receipts and chaos. Thirty percent of the value of our annual imports goes to construction materials, and this reflects the scale of construction and development.

The Iraqi banking system has reached such a level of reliability that international banks have begun opening credit lines here. We have contracted with Oliver Wyman to reform the private banking system, and we will launch the reform plan after Eid. It will be the most important plan since the founding of the Iraqi state. The government banking sector will be reformed under the supervision of Ernst & Young.  link

 

AWAKE IN 3D: Knowledge vs. Wisdom in the RV/GCR Landscape, 30 MARCH

 AWAKE IN 3D

Knowledge vs. Wisdom in the RV/GCR Landscape

There’s an old saying: “Knowledge is knowing that a tomato is a fruit.Wisdom is knowing not to put it in a fruit salad.”

The same applies to understanding global financial systems—knowing the facts is one thing, but applying them wisely is another.

Take SWIFT, for example. Many believe it’s a payment system, but in reality, it’s just a messaging network that allows banks to communicate about transactions—it doesn’t move money. 

Yet, some still claim SWIFT controls global payments, missing the bigger picture.

Here’s an example to clarify: if a friend wanted to borrow money from me, we would first agree on the amount and how I would send it. He’d tell me where to send the money, and I’d tell him where I’m sending it from—so we’re both clear on how the transfer would happen. 

But I would still have to log into my bank and execute the transfer. SWIFT does the part where my friend and I exchange details about the transfer—but it does NOT move the money itself. The actual transfer is a completely separate activity.

Founded in 1973, SWIFT was never designed for modern finance. Over time, patchwork fixes created a slow, expensive system full of intermediaries, where cross-border payments can take days and cost up to 6.3% in fees.

But here’s where wisdom comes in: understanding why this outdated system persists and what could replace it. 

The ISO 20022 messaging protocol upgrade is a key part of modernizing financial fund transfer systems. It standardizes communication across global financial institutions, making messaging more structured, data-rich, and efficient. 

This upgrade will improve transparency, reduce errors, and speed up transaction settlement—but it still doesn’t move the money itself.

Beyond that, blockchain-based solutions like stablecoins have the potential to eliminate the friction entirely, making cross-border transactions as seamless as sending an email.

My purpose here on Telegram is to inform, educate, and clarify RV/GCR information—separating fact from fiction and illuminating the distinction between knowledge and wisdom. 

Because knowing the facts isn’t enough… it’s about seeing what they really mean for the future.

MIKE BARA: QUICK UPDATE : I have been told Zurich and Reno are paying out @DINARREVALUATION

 

PM’S ADVISOR: IRAQ’S OIL EXPORTS TO THE US INCREASED BY 110% IN TWO YEARS, 30 MARCH

 PM’S ADVISOR: IRAQ’S OIL EXPORTS TO THE US INCREASED BY 110% IN TWO YEARS

The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, confirmed that Iraq’s oil exports to the United States have increased by more than 110% in two years.

Salih told the Iraqi News Agency (INA): “Economic cooperation between Iraq and the United States extends to many diverse investment, trade, and economic fields. Economic cooperation between Iraq and the United States has witnessed remarkable developments in recent years.”

 He noted that “the volume of trade between the two countries has more than doubled over the past two years, with Iraq’s oil exports to the United States increasing by more than 110%, and Iraq’s imports from the United States increasing significantly over the past two years, with the value of this trade ranging between $9 and $10 billion.”

He explained that “Iraq’s imports were primarily in automobiles, transportation equipment, and engineering and electrical equipment. However, the trade balance remained in Iraq’s favor, with a difference of $5.7 billion, reflecting the continued superiority of Iraqi exports to the United States, 

particularly in the crude oil sector.” He noted that “economic cooperation between Iraq and the United States is developing, with a focus on enhancing trade exchange and supporting joint investment activities, serving the economic interests of both countries.”

Salih stated that “financial and economic cooperation is part of a positive joint dialogue between the two countries. Since the beginning of this year, many mutual understandings have been reached in the field of economic cooperation, which are consistent with supporting stability and economic reforms outlined in the government’s program, particularly the development of an attractive investment cooperation environment for investors between the two friendly countries, within the country’s general economic policy to achieve sustainable development goals.”

Goldilocks Global Banking News: A Comprehensive Overview of Currency Modernization and the Revaluation Journey, 30 MARCH

 Goldilocks Global Banking News: A Comprehensive Overview of Currency Modernization and the Revaluation Journey

Introduction

In the ever-evolving landscape of global finance, the significance of currency modernization and revaluation has become increasingly pertinent. This chapter focuses on the latest developments from Goldilocks Global Banking News, hosted by Freedom Fighter. With an emphasis on currency reforms, particularly, 

the revitalization of the Vietnamese Dong and its strategic alignment with global economic frameworks, this summary delineates critical insights, relevant economic strategies, and relationships, which are pivotal for stakeholders involved in currency exchange and economic stability.

 As economies around the world grapple with inflation, Vietnam stands out as a nation making considerable strides both to modernize its monetary policies and strengthen its currency.

Section 1: Global Reach and Language Accessibility

• The Goldilocks Global Banking News podcast has reached an impressive milestone, now offering translations in multiple languages, including French, German, Hindi, Indonesian, Italian, Japanese, Portuguese, and ;Spanish.
• This initiative aims to enhance accessibility and make vital information available to a broader audience, showcasing a commitment to informative and inclusive discourse on global banking news.

Section 2: Vietnam’s Economic Modernization

• Vietnam has initiated substantial reforms aimed at modernizing its monetary policy framework, a critical facet for developing economies looking to boost their currency’s value.
• Key strategies mentioned include the integration of the Vietnamese Dong into a wider array of global economic goals and pursuing initiatives like sustainable bonds .
• A proactive approach towards controlling inflation is highlighted as essential, paralleling similar efforts undertaken by other nations, particularly Iraq and the United States.
• The Central Bank of Vietnam, known as the State Bank, is refocusing its framework to prioritize macroeconomic stability and inflation control.

Section 3: De-dollarization Efforts

• Vietnam has shifted from a heavy reliance on the U.S. dollar, a transition dating back to 2010, often termed dedollarization.
• This strategic move allows for greater flexibility in exchange rate management and enhances the stability of the Vietnamese Dong in domestic and international trade.
• Research indicates that exchange rate flexibility is integral in mitigating market vulnerabilities, consequently leading to a potential appreciation of the Dong’s value.

Section 4: Currency Stability and Economic Fundamentals

• The stabilization of a currency is predicated upon reducing volatility and restoring confidence in economic management. This is evident as Vietnam prepares the Dong for set improvements.
• The measures undertaken include pegging the currency to other stable currencies—a practice similar to efforts underlined by Iraq’s recent initiatives.
• A focus on building foreign currency reserves post-stabilization is essential for economic growth, positioning Vietnam strategically within the competitive landscape of neighboring countries.

Section 5: Automation and the Digital Economy

• A pivotal theme highlighted by Goldilocks is the increasing automation of foreign currency exchange, which is critical in the transition towards a digital economy.
• The implementation of digital assets in banking is heralded as a transformative force, enhancing operational efficiency in the Forex market.
• Technologies such as algorithmic trading systems hold the potential to either buoy currency values or exacerbate risks, dependent on their market execution and economic alignment.

Section 6: Vietnam’s Role in BRICS and Bilateral Trade

• Vietnam’s increased engagement with entities such as China and Russia marks its emergence as a partner in the BRICS nations, indicating a deeper integration within global economic matrices.
• The pursuit of direct trading in national currencies fortifies its position amongst key global players, fundamentally enhancing trade relationships and economic leverage.

Conclusion

The trajectory of Vietnam’s currency modernization serves as a testament to the intricate interdependencies in global economics. The strategic moves towards modernization, inflation control, de-dollarization, and automation position Vietnam favorably in an increasingly complex environment.

 Observing these developments is crucial for economists, investors, and policymakers alike, not only for understanding Vietnam’s stance but also for recognizing broader trends influencing currency valuation and economic stability worldwide. 

As the digital economy evolves, the implications for the Revaluation of Currencies (RV) and Global Currency Reset (GCR) remain significant, paving the way for new financial paradigms and opportunities across the globe.

In summary, holding onto the Dong, as advised by Goldilocks, signals an optimistic outlook for those navigating the evolving landscape of currency and banking, accentuating the fundamental belief that economic stability and modernization are intertwined in the journey toward a robust global economy.

MNT GOAT: THE DINAR will “gradually” go up in rate!! @DINARREVALUATION #iraqidinarinvestor