DINAR REVALUATION

Thursday, April 17, 2025

REDEMPTION CENTERS ARE ACTIVE!! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar #iraq

WITH THE PARTICIPATION OF 1,200 LOCAL AND FOREIGN COMPANIES, THE BABYLON BUSINESS AND INVESTMENT FORUM KICKS OFF., 17 APRIL

WITH THE PARTICIPATION OF 1,200 LOCAL AND FOREIGN COMPANIES, THE BABYLON BUSINESS AND INVESTMENT FORUM KICKS OFF.

The Business and Investment Forum kicked off in Babil Governorate today, Saturday, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in various sectors.

An Iraqi News Agency (INA) correspondent said, “The Business and Investment Forum kicked off in Babil Governorate, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in the electricity, industry, tourism and antiquities, agriculture, and transportation sectors.”

He added, “The forum was held in the presence of the Chairman of the Military Industrialization Authority, the Governor of Babil, the Chairman of the Provincial Council, three governors from the Islamic Republic of Iran, in addition to representatives of American, German, and international companies, and a number of members of the Iraqi Council of Representatives.”

STATUS OF THE RV , PART 3 BY MNT GOAT, 17 APRIL

STATUS OF THE RV , PART 3

😊Take a peak at the news in article titled “MP: JUNE WILL MARK THE END OF DOLLAR SMUGGLING IN IRAQ”. A member of Parliament Majid Shingal confirmed on Sunday that June will witness an end to dollar smuggling operations, noting that strict oversight will be imposed on the funds of companies, politicians, and influential people.”

“Our transfers are currently considered dollar smuggling, but the situation is now better. I believe that in June, regular correspondence will be adopted, which will significantly reduce smuggling, and may even lead to its near disappearance.”

If you remember last December 2024, the correspondent bank transfer process was put into effect. This eliminated 95% of fraudulent payments. Ali Al-Alaq told us this was an acceptable level, however the U.S. did not agree. They are now talking about a way to get rid of the other remaining 5%. Back in December Iraq was only working with 4 major correspondent banks. Now they have agreements with dozens. This is how they are able to make this claim. However, this is not the entire story to RV but a piece that needed to be resolved. I just don’t want to lose sight of what is really happening. Please do not bench mark June for an RV! I am not saying this is a target.

😊In the article titled “WITH THE PARTICIPATION OF 1,200 LOCAL AND FOREIGN COMPANIES, THE BABYLON BUSINESS AND INVESTMENT FORUM KICKS OFF” we see yet another investment forum occurring. Will this one be successful? The Business and Investment Forum kicked off in Babil Governorate last Saturday, with the participation of 1,200 local, Arab, and foreign companies, showcasing 450 investment opportunities in various sectors. I believe it is different this time and Iraq will attract investors.

More of the same….

😊So, here is yet another article titled “AL-MASHHADANI TO THE AMERICAN DELEGATION: THE UNITED STATES IS ONE OF IRAQ’S MOST IMPORTANT STRATEGIC PARTNERS”.

Just last week, an economic delegation from the American Chamber of Commerce met at the Presidential Palace in Baghdad, Speaker of the Iraqi Parliament, Mahmoud al-Mashhadani, received the Chargé d’Affaires of the US Embassy in Iraq, Daniel Rubenstein. Rubenstein was accompanied by a large economic delegation from the US Chamber of Commerce, including representatives of 57 American companies, headed by Lotus Steve, and a number of company presidents and investors. The meeting was held as part of the US Chamber of Commerce’s economic conference in Iraq.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

MAJEED: Disappearing Rates on the CBI Website ,These are often seen as pre-cursors to rate changes!

TO BOOST THE ECONOMY, THE INTERNATIONAL DEVELOPMENT BANK IS THE OFFICIAL SPONSOR OF THE IRAQI BUSINESS SUMMIT, 17 APRIL

TO BOOST THE ECONOMY, THE INTERNATIONAL DEVELOPMENT BANK IS THE OFFICIAL SPONSOR OF THE IRAQI BUSINESS SUMMIT.

The International Development Bank announced its official sponsorship of the Iraqi Business Summit (IBS).

The summit will be held on Saturday, April 12, 2025, in Celebration Square-stage Al-Mansour Downtown Baghdad. The summit will be held with broad participation from local and international economic institutions and investment companies.

STATUS OF THE RV , PART 2 BY MNT GOAT, 17 APRIL

STATUS OF THE RV , PART 2

So, let looks and yet more evidence of this coming economic boom.

😊In the article titled “RAFIDAIN BANK LAUNCHES OBDX SERVICE AFTER ACTIVATING ANTI-MONEY LAUNDERING SYSTEMS” we find that Rafidain Bank announced last Friday, the launch of its online banking service, OBDX (Online Banking Digital Experience),

following the activation of anti-money laundering and counter-terrorism financing regulations. This step aims to enhance digital transformation and comply with international standards.

“The OBDX service provides an integrated digital banking experience, enabling government agencies to conduct their financial transactions electronically and with the highest levels of security, which contributes to accelerating procedures and reducing reliance on paper transactions.”

This goes hand in hand with what the CBI has been telling us all along. That they are digitizing the banking system in Iraq. You would think they already had a similar system in place? I guess not…. Welcome to the 21st century…lol..lol… 😊 Finally !

😊In the article titled “AL-NUSAIRI CONFIRMS THAT THE COMPREHENSIVE BANKING REFORM PROJECT ANNOUNCED BY THE CENTRAL BANK WILL YIELD PROMISING RESULTS”, we find that economic and banking advisor Samir Al-Nusairi confirmed that the banking reform project is successful consistent with the methodology included and adopted in the government program and the Central Bank’s third strategy for the years 2023 and 2024.

It will yield promising results in cooperation with global consulting firms Ernst & Young, K2, and Oliver Wyman to build a transparent information base for comprehensive reform, starting with the banking sector as the first essential link in the economy. Without a sound, solid, and modern banking sector, a strong and robust national economy cannot be built.

Al-Nusairi pointed out that among the important initial results achieved is the commencement of the completion of the actual implementation of the plans drawn up during 2025 and 2026 for comprehensive reform, which are summarized in enhancing financial inclusion and achieving stimulating and sustainable returns for shareholders and investors.

If you can remember a decade ago how Iraq tried to get the influx of investors to Iraq and couldn’t. Why was this? We read so many articles about all their investment forums, but nothing really happened afterwards of any real significance. To answer this question we have to go back to the Chapter VII sanctions.

Once these sanctions were “fully” lifted in December 2022, it allowed Iraq then to move at a rapid pace to put the final touches on the needed banking reforms. Once the banks are stable, and investors have a real good assure that they money is not going to be stolen (or just disappear) only now does Iraq have that stable environment to attract investors, thus we begin to see them pour in.