FIREFLY: Sammy says we are soon to expect to hear that the official rate has matched that of the official CBI rate

 Frank26  

 [Iraq boots-on-the-ground report]  

 FIREFLY:TV is showing...that the President of the United States gave Iran two weeks to remove all of its armed factions from Iraq.

  FRANK:   In those two weeks we'll gain security and stability...I like the timing.

  FIREFLY:Sammy says we are soon to expect to hear that the official rate has matched that of the official CBI rate.  That will be our first key, that will be our first clue...Soon after watch for those new lower notes they were threatening you with...  

FRANK:  Things are moving exactly as they should.  This is very exciting.  I can't believe they told you that [that they'll come out with new currency if the citizens don't bring in their 3 zero notes to the bank]

MARKZ: When those two came together- we would see a change in value of the dinar!! #iqd #iraqidinar

 

A Government Advisor Reveals A "Dangerous Paradox" In The Private Banking Sector.

 A Government Advisor Reveals A "Dangerous Paradox" In The Private Banking Sector.

Time: 2025/05/24 Read: 3,240 times  {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Salih, affirmed that restructuring the banking sector is a fundamental and important step toward enhancing the stability of the financial system and supporting economic development in Iraq.

Saleh explained in a press statement that this restructuring aims to better organize cash flow management and improve the efficiency of the state's financial liquidity, which will contribute to alleviating financial pressures on the public treasury. 

He pointed out that there is a clear division in the banking market, as private banks own more than 78% of capital, but contribute a limited percentage not exceeding 20% ​​of financing and deposit operations.

Saleh stressed that the banking restructuring is a comprehensive process that includes modernizing the infrastructure of government banks, enhancing the efficiency of asset and liability management, and developing governance systems in line with international standards.

He added that these measures will increase the banking sector's ability to effectively contribute to the gross domestic product, expand the scope of financing and lending for development projects, which supports economic growth and reduces dependence on oil revenues.

He emphasized that the current financial and monetary challenges, particularly oil price fluctuations and liquidity pressures, require accelerating the implementation of reforms, including increasing bank capital and modernizing operating mechanisms, to enhance the stability of the banking sector and improve the management of public financial resources.

At the beginning of this year, the Iraqi government announced plans to restructure state-owned banks, most notably Rafidain and Rashid Banks, with the aim of transforming them into more modern and efficient financial institutions capable of meeting the needs of the growing Iraqi economy.

In its session held on January 13, 2025, it also decided to establish a completely new bank based on the latest digital banking technologies, aiming to provide integrated banking services to individuals and companies, both inside and outside Iraq.

This new bank has been named "Rafidain First Bank" and will start with an initial capital of 500 billion Iraqi dinars (approximately $381.8 million), with the goal of reaching a final capital of one trillion Iraqi dinars (approximately $763.7 million). The state's contribution to this capital will be 28%.  LINK

MARKZ: When those two came together- we would see a change in value of the dinar!!

 EXCERPTS FROM MARKZ

Member: Bank story: Called credit union 5/23 2 ask when credit cards wld be relinked on app (every1 rec’d new tap cc’s in May). I said “this new QFS sys” is gonna b gr8!” She agreed & said it’s coming soon!

MZ: “US State Department SPOX (spokesperson?) hails Kurdistan regions  $100 billion energy deals with American firms”   This is coming at a key time.

MZ: We also have “US Department of State Secretary Rubio and Barzani at Friday 1:30 pm est and 8:30 pm Erbil”  they met in the US and they had two different meetings I was told. It was hailed as a “breakthrough” for oil to start flowing from that region and for them to settle all disputes between Baghdad and the Kurdish region. 

Member: MarkZ, please enlighten us regarding what must still happen before we RV.

MZ: I was told over a decade ago that when those two came together- we would see a change in value of the dinar. That is why I watch this. 

MARKZ: Iraq contact heard $3.48 for sat night to sun morning kick off! #iraqidinar #iqd

 

FRANK26: "FORE !!!"

 KTFA

FRANK26: "FORE !!!"..........F26

Vietnam's PM and Eric Trump break ground on $1.5B luxury golf resort amid US tariff talks

5/21/2025

Vietnam's prime minister and U.S. President Donald Trump's son Eric held a groundbreaking ceremony on Wednesday for a $1.5 billion luxury residential development with three 18-hole golf courses outside Hanoi.

The U.S. president's Trump Organization family business and its local partners received approval for the project last week from the Communist authorities in Vietnam, which is separately negotiating over tariffs with Washington.

Prime Minister Pham Minh Chinh said Eric Trump’s visit "motivated us to expedite this project", and urged local authorities to provide maximum support and facilitate the completion of the 2,446-acre resort within the planned timeframe by the end of 2027.
Eric Trump is also set to meet Ho Chi Minh City officials on Thursday to explore plans for a skyscraper in Vietnam's southern business hub, according to an internal schedule seen by Reuters.
Projects to be developed in Vietnam will be "the envy of all of Asia and of the entire world," said Eric Trump, who is a senior vice president of the Trump Organization. He praised its Vietnamese partner, real estate firm Kinhbac City, and promised to visit the country "very often."

The collaboration, whose terms are not public, "will focus on developing 5-star hotels, championship-style golf courses, and luxurious residential estates and unparalleled amenities in Vietnam," the consortium said in a statement in October.

Vietnam was meant to be hit with some of the highest U.S. tariff rates of any country at 46% when President Trump announced his "Liberation Day" plan for global tariffs on April 2. Trump has since postponed the tariffs for 90 days.

Vietnamese trade negotiators are in Washington to discuss compromises. Offers made include lowering tariffs and non-tariff barriers, intensifying the fight against trade frauds and counterfeiting, and providing favorable conditions to Starlink, owned by Trump's close ally Elon Musk, to roll out satellite internet services in Vietnam.

Organizers said the golf project in Hung Yen, a few kilometers south of Hanoi along the Red River, swiftly obtained approvals from local authorities.

Local people interviewed by Reuters outside the venue showed support for the project, but some expressed concern over financial compensation.  "Hopefully, we will get a reasonable compensation when they take the land for the project," said Ha Nho Son, a 61-year-old farmer.

Chinh repeatedly said local people would be fairly compensated.

The Trump Organization has luxury golf projects, completed or under development, in countries from Indonesia to the Middle East.

LINK

EXCERPTS FROM MARKZ: Iraq contact heard $3.48 for sat night to sun morning kick off

 EXCERPTS FROM MARKZ

Member” Bank Screen at SouthState Bank says: Due to system maintenance as we welcome Independent Financial customers services may be temporarily unavailable Saturday and Sunday...!!!!

MZ: Memorial Weekend is a crazy time to make it unavailable.

Member: Not slow according to Bruce it’s going down today since it didn’t yesterday. He also stated this is for real it’s this weekend.

Member: A friend that got me into this has their Iraq contact that they heard 3.48 for a sat night to sun morning kick off