Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Mr Sammy pointed out...how can the projects be complete?
They say the projects are almost complete in completion phase...How can the project be completion phase at 1310?
FRANK: Because of the second set of books!
FIREFLY: We need to see them as soon as possible!
Economy News – Baghdad
The Prime Minister, Mohammed Shia Al-Sudani, discussed on Tuesday, with the delegation of JPMorgan, headed by the bank’s deputy director Daniel Zeleko, strengthening cooperation in the financial and banking fields.
The Prime Minister’s Media Office said in a statement received by “Economy News” that “the Sudanese met with a delegation of JPMorgan Bank headed by Deputy Director Daniel Zeleko on the sidelines of the Iraqi banking sector reform conference held in Baghdad.”
During the meeting, “there was a discussion of enhancing cooperation in the financial and banking fields, and the bank’s participation in the financing of various investment projects, in addition to discussing the mechanisms of securing credits and financial transfers and their access to their beneficiaries in Europe and the United States, which will contribute to improving the services provided to Iraqi traders and importers.”
Al-Sudani stressed the importance of expanding the areas of partnership between Iraqi banks and JPMorgan Bank, pointing out the government’s readiness to provide all forms of support to strengthen this relationship.
For its part, the delegation of JPMorgan Bank expressed “the readiness to increase cooperation with Iraq, by expanding the number of correspondent accounts open to Iraqi banks, and their readiness to finance a number of investment projects directly or through partner financial institutions.”
Intel from Jaby and T: Worldwide Payments on Wednesday
Received via email
Jaby, [Apr 7, 2025 at 2:31 PM]
Dear Asset-Holders, friends and partners.
Just received.
Be careful what you say on the phone starting today.
All Paymasters in the world will be funded today and tomorrow.
Payments on Wednesdays worldwide. Starting tomorrow, there are new communication rules regarding sellers, consultants, and intermediaries:
Ø All calls will be recorded
Ø All phone call logs are logged
Ø All calls and WhatsApp messages are logged
Ø Twitter is monitored
Ø Facebook is monitored
Ø All social media and forums are monitored
Ø Log in for those who don’t know.
Ø All devices are connected to federal government departmental systems.
Ø Be careful not to send unnecessary messages or information that goes against the law and morals.
Avoid sharing confidential information with your friends and family.
It is very important to pass this message on today because starting tomorrow, there will be another form of surveillance in the country, surprising but correct.
Pass it on to all your loved ones and friends today.
In this case, it’s good not to doubt because this month 40 Starlinks satellites were launched.
Do you know with absolute certainty their functions?
So… keep your mouth shut on this matter. No mosquito.
Respectfully yours, Global Buyer Team
———————
From T on Telegram
Private Banker::
The Iraqi RV will be on Forex on Monday.
D-1 and I assume D-2, will start Tuesday-Wednesday.
The Global Announcement should take place right after D-1 starts.
Then the Global Redemption Program starts along with the Redemption Program Buyers being given the Green Light to become Liquid and start calling the Redemption Program Sellers!
“This next week should be the Big One.
God bless you
The Parliamentary Finance Committee stressed the need to reach an understanding with the World Bank and the US Treasury regarding the evaluation of Iraqi banks’ performance, to avoid any “sudden” decisions that could negatively impact the country’s banking sector.
This came in a speech delivered by Finance Committee Chairman Atwan Al-Atwani on Monday during his participation in the Iraq Banking Sector Development Conference, attended by Prime Minister Mohammed Shia Al-Sudani and in cooperation with Oliver Wyman, in Baghdad.
Al-Atwani congratulated the Central Bank of Iraq’s management on the launch of the “Banking Sector Development Project,” noting that it “represents a starting point for a comprehensive reform of the financial and monetary systems, based on solid scientific foundations, and paves the way for achieving sustainable development and economic reform.”
The Chairman of the Finance Committee noted the committee’s commitment to supporting the Central Bank’s efforts to promote sustainable financing concepts, encourage public and private banks to finance economic activities and development projects, and diversify sources of income, thus contributing to reducing the financial deficit in public budgets. He added that “the banking sector is the cornerstone for driving the national economy and combating corruption.”
Al-Atwani emphasized that developing this sector “is a cornerstone of the economic reform project and a pivotal step in the transition to a diversified economy, away from excessive reliance on oil revenues.” Discussing maximizing non-oil revenues, he explained that “the introduction of modern banking systems into the Tax and Customs Administration contributes to improving financial transaction tracking mechanisms, enhances revenue collection efficiency, and reduces tax evasion, in addition to closing informal outlets that drain the state’s resources and weaken its ability to invest and provide services.”
Al-Atwani also emphasized that rebuilding confidence in the banking system and expanding the scope of digital transactions, both domestically and internationally, requires developing the banking sector’s infrastructure and enhancing its cybersecurity. Furthermore, the reform process requires establishing genuine partnerships with international banks and institutions and regulating foreign remittances to ensure compliance with international standards.
The head of the Finance Committee called for “the necessity of formulating a clear understanding with the World Bank and the US Treasury, establishing the principle that the Central Bank of Iraq is the body authorized to evaluate banks’ performance, ensure their compliance, and punish violators, to avoid any sudden decisions that would negatively impact the banking sector.”
Al-Atwani concluded his remarks by emphasizing the need for a comprehensive “reform revolution” beginning with the banking sector, emphasizing that “this requires genuine political will, institutional cooperation, and a strategic vision that goes beyond temporary solutions.” He also called for collective responsibility for reforming the banking sector, “considering it a national priority that touches on national security and financial stability, directly impacts citizens’ livelihoods, achieves social justice, and ensures the future of future generations.”
The United States announced sanctions on a group of Iraqi banks, including Rafidain Bank, for allegedly smuggling US dollars to sanctioned countries, most notably Iran. The US called on the Iraqi government to implement reforms at these banks as soon as possible.
MELANIA HINDS: IRAQI DINAR BREAKING NEWS MUST WATCH
In this video, Melanie Hines shares her insights on the current economic situation in Iraq and updates on the development of new financial systems.
She expresses relief at the decision to keep her house off the market, highlighting the significant support she receives from her community. The video outlines Iraq’s recent completion of a GPS tracking system for over 28,000 fuel tankers, which aims to reduce smuggling and improve transparency in fuel distribution.
Hines discusses the role of various auditing companies in enhancing Iraq’s financial integrity, asserting the importance of a comprehensive auditing system for the Central Bank of Iraq (CBI) and government agencies.
She believes that Iraq is on the brink of a currency revaluation and highlights other key economic developments, such as a new economic city contract and tariffs related to U.S.-Iraq trade. Throughout the video, Melanie provides her analysis of various reports and comments on their implications for Iraq’s economic future.
🔍 Technology Integration in Governance: The establishment of a GPS-based tracking system for fuel distribution not only addresses issues of smuggling but also functions as a crucial step towards digitizing and modernizing Iraq’s governance framework. These advancements promote accountability and allow for better oversight of resources, addressing long-standing inefficiencies.
💼 Diverse Auditing Strategies: The involvement of auditors like Ernst & Young and K2 Integrity reflects an unprecedented commitment to financial oversight. By having different firms audit various sectors, Iraq demonstrates transparency and establishes trust with domestic and international stakeholders, essential for attracting investment.
💰 Anticipation of Currency Reform: According to Hines, the completion of audits and technological systems suggests Iraq is preparing for a currency reform. She notes the potential timing, correlating it with the expiration of specific contracts with the U.S., indicating that economic policies and currency values may soon align with fiscal realities on the ground.
🚀 Strategic Urban Development Plans: The recent contract for a ‘new economic city’ highlights Iraq’s aspirations for urbanization and economic diversification. Such urban projects can stimulate job creation and contribute to broader economic stability, moving the country away from heavy reliance on oil and integrating various sectors into the economy.
📉 Impact of International Trade Dynamics: Hines mentions that U.S. tariffs will not significantly affect Iraq’s oil exports, suggesting resilience in Iraq’s economic structure. This insight is critical for understanding how geopolitical factors influence economic policies, particularly in countries like Iraq that are trying to secure a firm footing in global markets.
📈 Improvements in Oil and Gas Output: The mention of Iraq launching a national plan for achieving energy independence showcases a proactive approach to enhancing domestic resource management. This strategy not only aims for self-sufficiency but could also position Iraq as a more influential player in the regional energy market.
👥 Community Engagement and Support: Melanie emphasizes the importance of her community and the support she receives through her channel. This highlights a trend wherein social media and online platforms can foster strong community ties, allowing individuals to share insights and bolster collective understanding of complex issues like economic reform.
In summary, Hines’ video presents a multifaceted view of Iraq’s ongoing economic restructuring, with an emphasis on transparency, modern governance, and strategic planning that could lead to transformative changes in the country’s financial landscape. Her enthusiasm and optimism reflect a larger hope for stability and growth in the region as systems are put in place to revitalize the economy. The insights provided provide viewers with a clearer understanding of not just Iraq’s current condition but also the trajectories of change that may define its future.
Read also: Bank appointment for Currency EXCHANGE Instructions/Checklist
