US Bill to Sanction Iraq for Importing Iranian Gas
By John Lee.
A group of Republicans in the US Congress have introduced a bill to provide for the imposition of sanctions with respect to the importation of natural gas from Iran by the Government of Iraq.
Bill H.R. 2574 -- the "No Iranian Energy Act" -- has been referred to a number of committees, including the Committee on Foreign Affairs.
The full text of the bill can be read here.
(Source: US Congress)
💢💢💢IQD RV💢💢💢
The Role of filscoin and its interaction with Iraqi dinar notes
🪙 What is the FilsCoin?
It is a digital currency backed by the Iraqi dinar, launched at the initiative of the Central Bank of Iraq. It is not a speculative cryptocurrency like Bitcoin, but rather a stable digital asset (stablecoin), pegged 1:1 to the value of the physical dinar. It runs on a blockchain-based infrastructure, allowing for more transparency, traceability and security.
💵 How do they interact with the physical dinar?
Users can convert physical dinar bills to FilsCoin through authorized banks, digital ATMs or banking apps.
That conversion can go both ways: you can convert your FilsCoins back to physical bills if you need to.
2. Complementary circulation
FilsCoin facilitates digital payments, especially in urban areas, stores, transport apps, invoices, etc.
Meanwhile, the physical dinar remains dominant in rural areas or where digital infrastructure is limited.
3. Reduction of the informal economy
By promoting digital transactions with FilsCoin, the use of unregistered cash is reduced. This limits tax evasion and increases economic transparency.
4. Support for monetary policies
IRAQ NEWS HEADLINES
Iraqi Prime Minister Mohammed Shia al-Sudani met with the Commander of the US-led international coalition forces to combat ISIS in Iraq and Syria, Gen. Kevin Leahy on Thursday, discussing security developments and ISIS movements in the region - statement
: PM office
--
The meeting also covered strengthening cooperation as Iraq and coalition states transition to bilateral security ties, enhancing training, intelligence-sharing, and reaffirming the Iraq-US strategic partnership — with a shared commitment to combating terrorism and promoting peace, security, and regional stability.
💢💢💢IQD RV 💢💢💢
Main news from the Central Bank of Iraq (CBI) until April 2025:
🏦 Restructuring of the banking sector
CBI Governor Ali Mohsen Al-Alaq announced the start of the second phase of the banking sector restructuring plan. This stage focuses on the modernization of state banks, the creation of digital banks and the strengthening of financial inclusion. In addition, the creation of the "Green Bank" was highlighted, aimed at financing renewable energy and sustainability projects.
iraqnewsgazette.com
💵 Issuance of bonds and currency reserves
In April 2024, the CBI launched "Enjaz" bonds worth 1.5 trillion dinars with interest rates of up to 8.5%. These bonds seek to finance the national budget and encourage public investment. Additionally, in January 2025, foreign exchange reserves were reported to have reached an all-time high of over $99 billion.
ina.iq
🌐 International collaborations
The CBI has strengthened its relations with international institutions. In February 2025, meetings were held with the US Treasury Department and Federal Reserve in Dubai, where Iraq's progress in banking sector reform was praised. The improvement in the distribution of the US dollar and the alignment of foreign transfers with international standards was highlighted.
ina.iq
🏢 Progress in the new headquarters
The new CBI headquarters, designed by Zaha Hadid, is under construction in Baghdad. With a height of 172 meters and 37 floors, it is expected to be inaugurated in 2025. This skyscraper will become the tallest building in the capital and symbolizes Iraq's commitment to architectural and financial modernization.
💱 Dedollarization policy
Since January 1, 2024, Iraq has implemented a policy prohibiting the cash withdrawal of US dollars. Dollar deposits can only be withdrawn in Iraqi dinars at the official exchange rate. This measure seeks to reduce dependence on the dollar and strengthen the national currency.
KTFA
FRANK26: "THE 3 ZERO NOTES ARE BEING WITHDRAWN IN COUNTRY !!!".......F26
April 22, 2025
