DINAR REVALUATION

Thursday, April 24, 2025

FIREFLY: They are telling us to go and deposit our 3 zero notes at these ATM machines!!#iraq #iqd

Will The Government Resort To Mandatory Deposits For Citizens? These Obstacles

Will The Government Resort To Mandatory Deposits For Citizens? These Obstacles

Time: 2025/04/21 22:48:02 Reading: 4,920 times {Economic: Al Furat News} The head of the Iraqi Economic Alliance, Adi Al-Alawi,

warned of the major challenges facing monetary and fiscal policy in Iraq,
emphasizing that financial reform requires real tools for transformation,
most notably the independence of the central bank.

During his appearance on the "Free Talk" program on Al Furat satellite channel this evening, Al-Alawi pointed out that:

"The most prominent problem lies in the lack of effective oversight of banks," stressing that

"the Central Bank is in one valley, and the banks are in another, as the latter

     do not adhere to official instructions and
     operate according to special policies,

which has caused the banking system to lose real control over it." He added that

"strict oversight represents the Central Bank's best weapon in controlling banking activity,"

calling for "a move toward a cashless economy despite a deep-rooted crisis of confidence among citizens in the banking system due to past experiences, including the seizure of funds in the 1990s and the subsequent bankruptcy or failure of some banks." Al-Alawi stressed that

"citizens cannot be forced to deposit their money in banks, even within the legal framework, because that would have negative repercussions." He pointed out that

"persuasion must be achieved through incentives," revealing that

"the number of shops and commercial companies registered with the Iraqi Chambers of Commerce is 1.2 million,

while the number of unregistered ones is 2.8 million,

bringing the total to approximately 4 million outlets." He explained that

"the mentality governing the Iraqi economy remains socialist,
despite the official transition to a market economy following the 2005 constitutional vote," suggesting that

"Iraq's budget is close to $100 billion or more, and was supposed to generate $12 billion from non-oil revenues."

Al-Alawi called for "a five-year tax freeze to

     regulate corporate operations and
     alleviate concerns about joining the financial system,

which could bolster the state treasury by $17 billion currently missing due to dollar-selling mechanisms."

In the same context, Al-Alawi revealed that

"the Central Bank has agreed with two international companies,

    one specializing in bank mergers and the
    other in private sector restructuring,

to submit a comprehensive study next July on the struggling banks."
https://alforatnews.iq/news/هل-ستلجأ-الحكومة-إلى-الإيداع-الإجباري-للمواطنين؟-هذه-العقبات

MARKZ: “Huntington Bank in Michigan now accepts the Iraqi dinar, the Indonisian Rupiah and the Vietnamese dong"

MarkZ

[via PDK]

Many of you sent this to me today and it is very interesting. “Huntington Bank in Michigan now accepts the Iraqi dinar, the Indonisian Rupiah and the Vietnamese dong.”

I am hearing from many banks that even if banks are accepting them…They are not accepting them at an increased value yet.

The question is Why would they set up the mechanisms to deal with these currencies ?

This means they can go ahead and train employees, the system is plugged in and they can verify it. The only difference is once the value changes – you will get a lot more for it. To me this is a great sign we are very close. I am hearing from many banks that this is the system preparing.

Starting Sunday or so …bankers lit up and are saying in the next 1-2 weeks we will be complete.

GINGER & JON DOWLING: Could he be signaling a change in May and Vietnam right after them?#iraqidinar

Al-Sudani's Advisor: Annual Returns From Investing Reserves Are No Less Than $2 Billion

Al-Sudani's Advisor: Annual Returns From Investing Reserves Are No Less Than $2 Billion

Money and Business Economy News – Baghdad The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Tuesday that the "annual returns" from investing foreign reserves are no less than $2 billion, according to his estimates. Saleh said,

"These investments are often short-term and directed toward US, European, or British treasury bonds,
with the goal of achieving appropriate returns."

He added, "These investments are characterized by low risk and generate appropriate returns, and the invested assets can be quickly converted into cash without incurring losses."

Saleh pointed out that "profits generated from reserves are divided into two types: the first is realized, represented by direct interest, and the second is unrealized, resulting from diversifying the investment portfolio, in addition to realizing potential profits from exchange rate differences between currencies and gold."

The Central Bank of Iraq previously revealed a decline in foreign reserves for 2024, reaching 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when these reserves reached 145.64 trillion dinars. https://economy-news.net/content.php?id=54462

GINGER: "We could be just hours away"

GINGER

Passengers Flying Freedom Flight GLL117 ✈️ - We have an announcement from a Special Friend.

· A redemption center contact I know said that several uncommon currencies are populating on their screens now.

· He tends to think we could be just hours away.

· He didn't elaborate on the names of the currencies or their rates but he did say this rare anomaly had never happened before; and his staff is freaking out. ✨👀✨ 4.22.25