FRANK26: "WHY IS THERE A NEED TO REMIND THE CITIZENS THAT THE VALUE WAS $3.00 ???...ASRAFLAK!!!, 7 APRIL

 KTFA

FRANK26: "WHY IS THERE A NEED TO REMIND THE CITIZENS THAT THE VALUE WAS $3.00 ???...ASRAFLAK!!!.........F26 

Erbil celebrates the 94th anniversary of the issuance of the first Iraqi currency (photos)

 

4/5/2025

 

The Education Museum in Erbil, the capital of the Kurdistan Region, held a special event on Saturday to mark the 94th anniversary of the issuance of the first Iraqi currency, with a large educational and cultural presence.

The ceremony included a display of a wide range of ancient Iraqi coins, documenting the political and economic transformations the country has undergone from the royal era to the present day.

The event featured a rare display of various types of banknotes and coins, including first editions bearing the image of King Faisal I, through decades of changes that accompanied the monarchy and republican systems, and up to the most recent editions.

In an interview with Shafaq News Agency, the director of the educational museum, Omid Al-Barzanji, said, "Today's event is a display of Iraqi currency from the time of King Faisal until the present day."

He added, "This date is very important to us, because professors in the past were very interested in collecting coins and their types to display to students as historical evidence. Why? Because every coin, whether paper or metal, has a special stamp or markings that indicate the historical period in which it was issued and reflect the period in which people lived."

"For this reason, professors have paid attention to it, and today we attach special importance to it on the occasion of the 94th anniversary of the issuance of the first Iraqi currency," Al-Barzanji added.

He continued, "We are displaying these coins so that the new generation can learn that the Iraqi dinar was worth three dollars, or even more, in the past. Compared to the current currency situation, we notice a decline in its value.This display also shows the new generation that Iraq has gone through many circumstances and challenges, and has lived through multiple phases, from the era of the monarchy to the republic, all the way to the present day."

The museum director concluded his remarks by saying, "Every period has a story, and every era has a history, and we showcase this history through Iraqi currency."

 

 

 

 

 

 

 

 

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How To Win in One of the World’s Toughest Markets | Mohammed Khudairi

 Fnu Lnu 

 VIDEO: The [below] video shows us quite a few things about reality in Iraq...

Business is booming and challenges abound. 

The one thing glaringly missing is the subject of economic and monetary reform...Bureaucracy is still a major challenge...

The big takeaway is that patience is paramount and persistence wins the race...Watching this video will give you an extremely clear overview of what is going on in our favorite country. I urge you to watch...

FIREFLY: WHEN THE COM IS FINISHED, ALAQ WILL GIVE US THE RATE!! @DINARREVALUATION #iraqidinar

 

FRANK26: "THERE IT IS, WHAT WE SAID ON TUESDAY's UB2B... PRESSURE FOR PURCHASING POWER!!!", 7 APRIL

 KTFA

FRANK26: "THERE IT IS, WHAT WE SAID ON TUESDAY's UB2B... PRESSURE FOR PURCHASING POWER!!!".....F26 

Iraq faces economic pressures... US tariffs could be the beginning of upcoming challenges.

 

4/5/2025

 

Economic expert Salah Nouri confirmed on Saturday that the government may be forced to revise its general budget estimates in light of emerging economic challenges, particularly with shifts in oil revenues and remittances from the US.

 

Nouri told Al Furat News Agency that "Iraq will not be directly affected by the new US customs duties on oil exports, as Iraqi oil exports to the United States are not included in these duties."
He explained that "although Iraq imposes customs duties on luxury cars imported from the United States, Baghdad may face future pressure to reduce these duties." 
He added, "It is likely that Washington will take certain measures to pressure Iraq in this regard, but these scenarios remain mere expectations at the present time." 
 

From.. Raghad

LINK

MARKZ: rates would fluctuate between $4.05 to $5 on the dinar, 7 APRIL

 MarkZ  

 In the banks – they are starting to see rates populate again...rates would fluctuate between $4.05 to $5 on the dinar.

 Don’t know if that is the real value or a placeholder…but many think that is where the dinar value should be.

  I do have some Wealth management/redemption contacts working tomorrow. 

I know a couple will be landing in a redemption area on Tuesday and they hope it’s to work and start 4b exchanges. They are trained to help with tier 4b...

There is a lot of hopeful movement out there. Let’s see if they actually get to do something. There is a also a very large US delegation will soon be arriving in Iraq. Roughly around Tuesday...

MARKZ: THEY ARE TESTING THE DINAR ON FOREX! @DINARREVALUATION #iraqidin...

FRANK26: "ASRAFLAK!!!... GETTING LOUDER!!!., 7 APRIL

 KTFA

FRANK26: "ASRAFLAK!!!... GETTING LOUDER!!!.......F26

95 trillion dinars are held outside the banking system. What is their impact on the economy?

4/5/2025

- Baghdad
 

Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Saturday that the widespread use of digital payment systems allows citizens to borrow at lower costs, noting that 95 percent of the country's 109 trillion dinars are held outside the banking system.

"The positive steps towards activating e-commerce are aligned with the government's and the Central Bank's efforts to integrate hoarded funds (cash leakage) into the banking system, which will contribute to strengthening the national economy and achieving financial stability," (CBI WANTS ALL 3 ZERO NOTES!!! -F26) said Mazhar Mohammed Saleh, an advisor to the Prime Minister.

 

He pointed out that "the Monetary Authority had previously prepared regulations and registration procedures to obtain a license to practice this trade, in a coordinated manner that contributes to regulating the market and enhancing consumer confidence."

 

He added, "The government and Central Bank's steps to enhance confidence and activate e-commerce are in line with the launch of digital transformation projects. This has been the case since the Central Bank announced the launch of strategic projects to support digital transformation, including the instant payments project, local cards, and unified payment gateways, all of which aim to enhance financial inclusion and facilitate digital banking operations."

 

He pointed out that "all measures to address information technology and integrate it into digital payment systems are in line with the country's digital renaissance, the community's financial culture, and the development of monetary behavior in relation to inherited customs, traditions, and cultures. Hoarding money at home instead of depositing it in banks remains a prominent economic challenge in Iraq."

 

He explained: "Estimates indicate that approximately 87% of the money supply, or approximately 95 trillion dinars out of a total of 109 trillion dinars, is held outside the banking system, preventing a significant portion of the nation's wealth from effectively participating in the economy."

 

He explained that "the more digital payment systems are used, including e-commerce, the more efficient banking activity becomes and the fewer leakages outside banks. This gives official and licensed banking units the greatest opportunity to extend more credit or lend to citizens at a lower cost and with greater efficiency, thanks to the often lower interest rate." 

 

He noted that "the parallel market for usurers, which deals with funds circulating or hoarded outside the banking system, is a very dangerous, illegal, and costly market for citizens and the national economy in terms of engaging in credit operations or lending at very high usurious interest rates, or what is known as the usurers' market, due to the ambiguity of its operations. In addition, some of its activities conflict with the Anti-Money Laundering Law due to the lack of transparency in financing and the absence of governance elements, accompanied by trading and recovery risks."

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