Iraq is no longer hinting!! @DINARREVALUATION #iraqidinar #iraq

 

SWIFT AND THE US FEDERAL RESERVE PUT IRAQ AT THE MERCY OF THE GLOBAL ECONOMY

SWIFT AND THE US FEDERAL RESERVE PUT IRAQ AT THE MERCY OF THE GLOBAL ECONOMY

Economic expert Hassan Al-Sheikh warned on Tuesday that Iraq has become more vulnerable to global economic shocks due to its increasing connection to the international financial system, especially after joining the global SWIFT system and its direct dealings with the US Federal Reserve.

Al-Sheikh told Al-Maalouma News Agency that “Iraq, over the past two years, has strongly entered the global economy by activating international bank transfers, subjecting banks to strict oversight, and opening channels with international banks, which has made it vulnerable to any external economic change, whether in oil prices or financial and monetary policies.”

He pointed out that Iraq, which before 2020 was almost isolated from the global financial system, is now severely restricted, which negatively impacts its general budget, which is already suffering from a worsening financial deficit.

Al-Sheikh added that this connection not only threatens the stability of oil prices, but also makes any global economic or customs decision directly impact state finances, warning of the exacerbation of crises if steps are not taken to strengthen the independence of the Iraqi economy.

He pointed out that any breakthrough in the US-Iranian negotiations could open the door for Iraq to overcome some obstacles, especially those related to the sanctions imposed on the Central Bank. This could allow Baghdad to withdraw its funds freely, provide better access to dollars, and perhaps even restore the exchange rate to 120,000 dinars for $100.   

He indicated that this would allow Iraq to import Iranian gas more smoothly, which would contribute to improving the performance of the electricity sector.

Thursday Evening News with MarkZ. 05/15/2025

 Thursday Evening News with MarkZ. 05/15/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good evening Mark Mods and everyone

Member: Mark- anything new and exciting today?

MZ: I did hear lots of reports from groups and bankers that rates were “populating” today….and all throughout the day. Very encouraging, but does it mean anything more than a test……that is the question.

Member: I heard a rumor our rate will be around $3.22

MZ: We have seen everything from $.1.70 or so for much of the day…then we saw around $3.22 …but rates have been all over the board. $3.22 would make sense for a RI (Re-instatement) and one of the easiest things for them to do. imo

Member: did you hear from your bond contacts today?

MZ: No, but one of the contacts who will not comment on what has occurred yesterday evening at their appointment…has let me know that they are seeing rates populating.  Others have said the same and they all used that same terminology. So could it be a test? Or does it mean “now?” I don’t know. 

Member: Isaac just posted and said “Hello appt was today and I should get the confirmation Tuesday Wednesday, blessings.”

MZ: Sounds like his meeting with closing documents went well and he hopes to have dollars Tuesday or Wednesday of next week. 

MZ: I was told on the bond deals it would take 3-5 business days to move and complete transactions. 

Member: A bank reached out to a few currency holders I know and sent them information documenting what they need to exchange…are you hearing the same ?

MZ: Does no good to go bothering banks before its time….but I have heard others say close to the same things. 

MZ: “Trade Bank of Iraq wins JP Morgan Chase’s STP award”  for doing a brilliant job on updating and modernizing systems for monetary transfers. 

Member: Mark, my Chase Bank wealth manager here locally told me that JP Morgan won the contract for Iraq and that was back in February of 2024!

MZ: “ Sudani: Baghdad will host US-Iran nuclear talks amid regional tensions”  Iraq has become very important and will host the next round of talks. 

Member: Mnt Goat  ( From Dinar Guru) They have told us over and over again that they needed time for the reforms to work and so...we see them working now...the stops along the way are the steps to get the reinstatement…Yes, it is all happening NOW not years from NOW. It is right in our faces now...

MZ: I agree- it’s right in our faces. The question is “when”

Member: Bagdad is hosting The Arab Summit. That says enough in itself….we have to be close. 

Member: I wonder if Trump will show up there?

Member: I think Saturday is too important for Trump NOT to be there.

MZ: I was told by someone in the DC beltway that Trump may make a physical visit….and if not- he will make a digital visit …I am hearing this from many sources in the beltway. Some folks that work for congressman and senators. 

 Member: I decided earlier today that if Trump came back to the United States without an RV. Happening I was going to be severely depressed..

Member: It would be nice to be outta this holding pattern.

Member: With things lining up in the ME (including Iran), I can’t imagine why we would see June without an RV

Member: Dear Lord...please let us be ready...please let this go...been a long had time for so many,,,,so many who will make a change for many now and in future,,,Your will Lord not mine,,please and thank you.

Aki will give us a list of the private banks that will collect the 3-zero notes for the CBI !!! #iqd

 

“ONE TRILLION DOLLARS”… BIN SALMAN PREPARES FOR THE SECOND PHASE OF AGREEMENTS WITH THE US

“ONE TRILLION DOLLARS”… BIN SALMAN PREPARES FOR THE SECOND PHASE OF AGREEMENTS WITH THE US

Saudi Crown Prince Mohammed bin Salman announced that the Kingdom is currently working on partnership opportunities worth $600 billion, including agreements exceeding $300 billion that were announced during the Saudi-US Investment Forum. He added that in the coming months, the Kingdom will work on the second phase to complete the remaining agreements, bringing them to $1 trillion.

During his speech at the forum, bin Salman explained that economic relations between Saudi Arabia and the United States span more than 92 years, beginning with the signing of an oil exploration concession agreement in 1933 with Standard Oil of California.

He added that the Kingdom is working today to deepen this strategic partnership and transition from an economy based on natural resources to a diversified economy based on knowledge and innovation.

He explained that this partnership includes multiple fields, such as military, security, economic, and technological, and contributes to localizing industry, developing local content, and supporting the gross domestic product.

He pointed out that the United States is a major destination for the Public Investment Fund, as it accounts for approximately 40% of its global investments, reflecting confidence in the American economy and its ability to innovate, especially in the fields of technology and artificial intelligence.

He continued, noting that the number of American companies operating and investing in the Kingdom has reached 1,300, representing nearly a quarter of the total foreign investment, including 200 companies that have established their regional headquarters in the Kingdom.

The Crown Prince emphasized that Vision 2030 has achieved most of its goals and contributed to diversifying the economy and empowering the private sector, as non-oil exports rose to $82 billion in 2024, more than 2.2 million citizens were employed, the unemployment rate fell to its lowest level in history, and the presence of women in the labor market doubled.

Bin Salman stated that cooperation between the two countries is not limited to the economy, but also includes joint efforts to achieve security and peace in the region and the world.

TIDBIT FROM MARKZ

  MarkZ  

 [via PDK]  It does look like things are lining up.  

Question:  When is Iraq’s big summit start?  

MarkZ:   Saturday May 17th...some people on the ground think there may be a surprise guest coming. Things are getting interesting. 

 Article:  “Saudi crown prince to join the Arab summit in Baghdad”  He is expected to attend the summit on Saturday,

according to recent reports. There are also rumors that Trump may attend as well. To at least make an appearance. I can only think of one thing that would get him there. I hope I am accurate.  

 Question:  an RV?  MarkZ:  Exactly...

DINAR EXCHANGE: What Is an RV (Revaluation)? @DINARREVALUATION #iraqidinar #iraq