This 💯 confirms that Iraqi dinar is on Forex! This is now considered a managed float.
Here we go!!!!!!!!! Buckle up! It’s official. There’s no turning back now. Iraq has kicked it off.
And yes, this is legit. Straight from Forex analysts.
❤️ A2Z
Wednesday, May 28, 2025
$90 billion in the shadows: Iraq searches for a map of its forgotten treasure
$90 billion in the shadows: Iraq searches for a map of its forgotten treasure
5/27/2025
From Mogadishu to Madrid, from tea plantations in Vietnam to Mediterranean palaces in Cannes, France, the specter of lost Iraqi property, estimated to be worth at least $90 billion, lingers. But this wealth, once a tool of influence and investment, is now a forgotten treasure tucked away in unarchived files, undocumented contracts, and unnamed properties.
In a rare moment of astonishment and diplomacy, Somali President Hassan Sheikh Mohamud surprised the Arab League summit hosted by Baghdad in May 2025 when he revealed that a major Iraqi oil refinery still exists on the outskirts of the capital, Mogadishu.
The refinery, established in 1978 as part of an official agreement between the Iraqi and Somali governments, had disappeared from official Iraqi memory since the fall of Saddam Hussein's regime. But this incident was only the tip of the iceberg of a broader, more complex issue: the issue of Iraqi assets scattered around the world, lost to the state over two decades in silence that paralleled their economic importance.
More than fifty origins on three continents
Information obtained by Shafaq News Agency from senior diplomatic sources indicates that Iraq has at least 50 real estate and investment projects spread across Europe, Asia, and Africa, including luxurious palaces, farms, banks, commercial offices, and strategic factories.
In Europe alone, Baghdad owns real estate assets in Spain, France, the UK, and Italy, some of which are located in luxury locations such as Cannes. In Asia, assets include tea, rice, rubber, and tobacco plantations in Malaysia, Sri Lanka, and Vietnam. In Africa, assets in Somalia, Nigeria, and Mozambique include tourist islands and agricultural factories.
These assets were part of Iraq's expansionist economic policy during the 1970s and 1980s, when it used oil revenues to purchase strategic assets around the world to bolster its economic and diplomatic standing.
However, after the fall of the regime in 2003, this issue entered a cycle of neglect and loss. The Parliamentary Integrity Committee revealed to Shafaq News that essential ownership documents had been stolen or destroyed, and that some properties had been transferred to the names of individuals or fictitious companies affiliated with the former regime or networks linked to it, while others remained without any significant follow-up.
Mozambique incident: The state clashes with weapons
In 2012, the Iraqi Ministry of Foreign Affairs sent a delegation to Mozambique to inspect a state-owned asset there, believed to be a palace on a tourist island once owned by Iraq. However, the trip was never completed.
According to a diplomatic source who spoke to Shafaq News Agency, the delegation members received direct threats from an armed group controlling the site, forcing them to immediately withdraw from the country.
This was one of the first serious attempts to recover Iraqi property abroad, but it ended in failure, leaving the property under the control of parties that do not recognize Baghdad's ownership.
Mogadishu Refinery: A Moment of Awakening
But the surprise announcement of the Mogadishu refinery has reshuffled the cards. According to what the Somali presidency conveyed to Iraqi Prime Minister Mohammed Shia al-Sudani, the refinery is still standing and only requires technical rehabilitation to return it to operation, at a time when Somalia is beginning to discover offshore oil reserves.
Baghdad's shock at this revelation prompted the government to form specialized legal and technical committees to pursue this forgotten issue, not only in Somalia but in all countries that may contain lost property. The Ministries of Oil, Foreign Affairs, and Justice were tasked with coordinating efforts, including re-registering properties, settling their tax status, and verifying the validity of remaining documents.
International law experts surveyed by Shafaq News Agency suggested resorting to the International Court of Justice or concluding bilateral agreements with the concerned countries to establish Iraq's legal rights to these properties.
They also stressed the need to pursue individuals and entities proven to be involved in the transfer or concealment of such assets, whether inside or outside Iraq, by issuing international arrest warrants and working with Interpol if sufficient evidence is available.
In a country facing mounting economic challenges and declining foreign exchange resources, many experts consider this a major financial opportunity that has been neglected for years.
Initial estimates place the value of these assets at between $80 and $90 billion. Economists believe that recovering even a small portion of them or investing them properly could generate sustainable revenues for a country whose budget relies almost exclusively on crude oil exports.
However, despite recent positive indicators, challenges remain. According to legal experts, some assets may be subject to statutes of limitations in host countries or have been subject to legal actions that have legalized ownership by third parties after Iraq's absence from the scene for two decades.
In addition, there is a fear that internal political interference could hinder recovery efforts, especially if current properties are tied to powerful interests or are linked to old contracts that are difficult to cancel without engaging in complex legal disputes.LINK
TIDBIT FROM MNT GOAT
Mnt Goat
Remember for your thought process that a rise in the rate of the dinar is less dinars to the US dollar not more.
I know it is backwards to what some believe as we call a rise usually means more not less.
So, actually it is a downward trend in the number of dinars to make up one US dollar. This strengthens the dinar.
So, if the official rate is 1320 we want the dollars in the parallel market to reflect the same or less rate of 1320.
THE CENTRAL BANK OF IRAQ LAUNCHES THE FIRST NATIONAL STRATEGY FOR FINANCIAL INCLUSION.
THE CENTRAL BANK OF IRAQ LAUNCHES THE FIRST NATIONAL STRATEGY FOR FINANCIAL INCLUSION.
The Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy for the period 2025-2029.
The strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and businesses to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development.
In his speech, His Excellency the Governor of the CBI, Mr. Ali Mohsen Al-Alaq, emphasized that the CBI attaches great importance to promoting financial inclusion in Iraq, as well as cooperation at the regional, Arab, and international levels. The CBI has worked with international partners to develop a financial inclusion strategy in accordance with international best practices,
in partnership with the World Bank Group, the Arab Monetary Fund, the Global Financial Inclusion Alliance, and the German Development Cooperation Agency (GIZ), in addition to local partners from public and private bodies and agencies.
The CBI is working to achieve a number of goals, including increasing the percentage of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to enhance financial inclusion.
Central Bank of Iraq
Media Office
May 25, 2025
TIDBIT FROM FRANK26
Frank26
IMO maybe just maybe the CBI is now going to give the Iraqi citizens a specific amount of time to return all the 3-zero notes back into 'My Account'.
If not, then at a certain point those 3-zero notes will no longer be usable by the Iraqi citizens. They will lose out.
They will still be used outside of Iraq Internationally but...treated like a disease in Iraq.
Nobody will be able to touch the 3-zero notes along with any foreign currency. I believe a threat is a 'time frame'
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