Tuesday, April 8, 2025
CBI launches major private banking reforms, 8 APRIL
CBI launches major private banking reforms
Shafaq News/ On Monday, the Central Bank of Iraq (CBI) announced a comprehensive set of reforms to overhaul the country’s private banking during the Iraqi Banking Sector Reform Conference in Baghdad.
According to CBI’s statement, the initiative, developed in coordination with private banks, the Iraqi government, and consultancy firm Oliver Wyman, targets three core objectives: expanding access to financial services, improving operational efficiency, and bolstering risk management. The plan outlines measures to broaden ATM and branch networks, modernize payment infrastructure, promote financial literacy, and enhance anti-money laundering and counter-terrorism efforts using digital identity tools.
The plan also enforces a unified regulatory framework across all licensed banks, structured around four pillars: governance, business model sustainability, financial performance, and regulatory compliance, CBI noted, adding, “Ownership limits, board independence, leadership suitability, and greater transparency in audits and related-party transactions will be mandatory.”
Additionally, the bank stated that private banks will be required to align their business models with national economic objectives and comply with international capital and liquidity standards, affirming, “Detailed business plans must be submitted as part of this alignment.”
Implementation will begin with an initial evaluation phase in early 2026, CBI clarified, pointing out that it will publish a full timeline in the coming months and host workshops to support institutions through the transition.
CBI stressed that “the success of this plan depends on the active involvement of all stakeholders,” adding that both the CBI and the government will lead the implementation phase.
Shafaq.com
TIDBITS FROM SANDY INGRAM, 8 APRIL
Sandy Ingram
Iraq operates a dual exchange rate system comprising an official fixed rate and a parallel market rate...The Central Bank of Iraq (CBI) pegs the Iraqi dinar (IQD) to the U.S. dollar at a set rate.
As of 2-7-2023 this official rate was established at 1310 dinars per US dollar. This fixed rate aims to provide stability for government transactions and official financial activities...
A parallel market rate...often diverging from the official rate...This disparity has let to challenges such as economic distortions and opportunities for arbitrage.
Efforts have been made to unity these rates...We think Iraq wants to merge these two separate exchange rate systems into one...When this happens you will know the IQD is on its way to being in a position to increase in value...
PM Al-Sudani vows support for financial reforms, 8 APRIL
PM Al-Sudani vows support for financial reforms
Shafaq News/ On Monday, Iraqi Prime Minister Mohammed Shia Al-Sudani pledged his government’s support for local and international efforts to reform and develop the country’s banking sector.
According to a statement by the PM’s media office, Al-Sudani highlighted progress in tax reforms, customs automation, and the restructuring of state-owned banks “as positive steps toward establishing solid foundations for development and capitalizing on prevailing stability,” while “helping reduce dependence on oil exports.”
“Customs revenues increased by approximately 128%, while tax revenues rose by about 22%—both higher than previous years,” the PM revealed, adding that Iraq’s financial inclusion rate had risen to over 40%—up from just 10% two years ago—and praised the Central Bank of Iraq (CBI), fintech partners, and advisory firms for their role in advancing digital payments and financial services.
Earlier, the CBI announced reform plans aimed at modernizing the country’s private banking sector and building a solid, modern, and flexible banking system to drive economic growth and promote financial inclusion.
Shafaq.com
STATUS OF THE RV PART 4 BY MNT GOAT, 8 APRIL
STATUS OF THE RV PART 4
😊 😊The article is titled “ONE OF THEM IS IN IRAQ…AMERICAN “BLACKROCK” ACQUIRES PORTS IN THE MIDDLE EAST.”
US asset management firm BlackRock and Italian shipping company MSC have acquired 43 ports owned by Hong Kong-based multinational CK Hucheng Holdings in a deal that will give the US asset manager control of 12 ports in the Middle East, located on strategic coasts stretching from the UAE and Oman to Iraq and Egypt.
😊😊There is one more important article in line with what we are emphasizing today and it is titled “MONEY MOVES INTERVIEWS MOHAMMED KHUDAIRI”.
In this episode of Money Moves, Muhammed Mekki sits down with Mohammed Khudairi, an Iraqi-American entrepreneur and investor who’s helping rebuild Iraq, one business at a time. Mohammed’s family company, Khudairi Group, has grown into a multinational spanning oil and gas, construction, and retail. But what sets him apart is his passion for Iraqi startups. From backing the country’s first major tech exit to advising early founders, Mohammed is proving that doing business in Iraq isn’t just possible, it can be incredibly profitable.
In the interview they talk about:
- What it takes to succeed in frontier markets like Iraq
- How the Iraqi diaspora is returning to build the country
- Why the future of tech in Iraq is brighter than you think
- Real estate, startup exits, and investing in one of the most misunderstood economies on earth
Please watch the video I presented above.
In summary we can see the potential in Iraq and we must dispel these negative attitudes that the RV will never happen or it will take years more.
If you just take the time to get serious about your investment in the Iraqi dinar and LEARN and EDUCATE yourself maybe you might stop complaining?
So we have to wait a bit longer. Can you think of any investment out there now that you can make multi-millions off a simple thousand dollar investment? How long you have to wait all depends on when you invested but I will add that many of these intel gurus have compared this Iraqi dinar to the Kuwaiti dinar event and this is so unfair of a comparison to make. This is what got many so excited and went off half-cocked.
This Iraqi dinar is not a get rich quick scheme, although if you decide to stick out the ride, you may be rich beyond your wildest dreams.
God through his prophets even tells us of this coming abundance and prosperity and the bible says we will be given back seven fold what has been taken from us.
Proverbs 6:31
The phrase “sevenfold” is often associated with the biblical principle of accountability and justice. In Proverbs 6:31, it states that if someone is caught stealing, they must repay seven times what they stole, even if it costs them all their wealth.
Have you been watching these prophetic videos I have been presenting to you about all the exposure of corruption in the US government? I believe that when we begin to see the inditements and convictions we will begin to hear more about the Project to Delete the Zeros. In fact we are due for an update any day now from this CBI on this topic.
We are witnessing a new age for America and Iraq unfolding in front of our eyes. If you have also been reading my blog on the Iraqi dinar investment you can see the same parallel happening there too. There is a huge change underway, not coming, but here already begun. It is happening NOW! We can all feel it but many of you don’t want to believe that God is orchestrating it. Okay so you don’t believe in God. But can you deny the sudden changes and the pace to which they are now happening? Yes, I firmly believe God is using certain politicians to do the work, remember this is a physical world too and God needs His prophets and boots on the ground to facilitate the work. It is not easy work as tthere is a great paradigm shift that must occur in Iraq and in Washington. In fact, I will go so far as to assure you this shift will also happen throughout the entire middle east. Like what is not happening in Iraq will soon spread throughout the middle east, as countries will realize PEACE is much more profitable than TERRORISM. The changes in the U.S. too will be contagious with other developed countries and God’s movement of exposure and justice will come to many nations, like what is taking place in the U.S.
I encourage everyone to go listen to the Julie Green prophetic words in her five (5) hearings from last weekend. They are powerful. I presented the first one in my 4/1 Newsletter and today I present the combined 2nd and 3rd ones together. I hope to have the last two on Tuesday. I actually recorded just the prophecies for you this time, as they were so powerful you needed to hear them this way back-to-back. We all need to absorb these prophecies and understand what God is telling us now.
So, I have to emphasize again there are tools that we can use at our disposal to analyze and study what is going on in the world today and tie this all together with our investment in the Iraq dinar. What tools you might ask? I will list them – educating ourselves, news from Iraq, factual information, gift of prophecy. Them watch it all play out. It is our choice to use these available tools.
Prime Minister: Iraq Needs Bold Reforms To Ensure Regional Stability, 18 APRIL
Prime Minister: Iraq Needs Bold Reforms To Ensure Regional Stability Buratha News Agency1052025-04-16 Prime Minister Mohammed Shia al-Su...
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