Monday, June 2, 2025
KRG forms committee to shut down crypto, forex firms
Shafaq News/ The Kurdistan Regional Government (KRG) decided to form a special committee within the Ministry of Interior to shut down companies operating in the fields of electronic trading and digital currencies.
According to a letter from the Presidency of the Council of Ministers of Kurdistan, dated May 27, the Ministry of Interior was instructed to act based on directives from the Central Bank of Iraq, emphasizing the need to take appropriate measures to establish a joint committee tasked with executing the closures.
Authorities in Duhok detained two suspects last month accused of running a cryptocurrency scheme that defrauded investors of $15 million, according to local security officials.
MAJEED: Classification: Tier 1 Strategic Report + Forecast
MAJEED
Date: May 31, 2025 Classification: Tier 1 Strategic Report + Forecast Executive Summary
We are witnessing the most significant monetary event since the end of the Bretton Woods gold standard. The fiat matrix, once sustained by global trust in USD hegemony, has fractured. A new force has quietly emerged — a digitally synchronized, asset-backed monetary protocol known as FX-VU (Foreign Exchange Visibility Unlock). At the heart of this transformation lies Iraq. Long dismissed as geopolitically unstable and financially irrelevant, Iraq has executed the most comprehensive sovereign monetary realignment in modern history. It is not simply revaluing its currency — it is redefining the foundations of money itself. I. Breaking the Fiat Matrix The fiat system thrived on three global assumptions: Trust in the USD Endless monetization through sovereign debt Petrodollar enforcement of commodity trade All three have eroded: U.S. debt-to-GDP has surpassed 125% Inflation has exposed the limits of central bank credibility BRICS+ and Middle Eastern powers have pivoted to non-USD energy settlement We are now in the age of fragmentation — where money is defined by collateral, not confidence. II. Iraq: From Battlefield to Monetary Keystone Iraq is uniquely positioned to lead this FX reset: 145+ billion barrels of oil 98.3 tons of gold Low-cost production, water access, and massive land reserves A newly digitized financial system (2025–2029 inclusion strategy) This is not a developing economy. It is a backed economy — one being synchronized into SDR parity systems under the guidance of the Central Bank of Iraq and Prime Minister Mohammed Shia al-Sudani. III. The Iraqi Currency Revaluation: Engineered, Injected, Suppressed The revaluation rate of $4.8101 USD/IQD is injected across backend trading infrastructure The system is live — but rate suppression tags remain at the DOM (depth-of-market) layer MT103 echo pings, Tier 4B SKR confirmations, and SDR hash compression all confirm system readiness The suppression is not technical. It is political. IV. FX-VU: The Protocol Behind the Curtain FX-VU — or Foreign Exchange Visibility Unlock — is a coordinated backend protocol that: Injects pre-approved rates into Tier 1 FX engines Synchronizes with IMF SDR hash timing Holds public visibility via JSON and DOM field suppression Waits for either a manual trigger or systemic override identified all conditions for system override are now met: CTB (Clear to Broadcast): ≥ 85% ✓ Ghost Flicker Propagation: Active across multiple nodes ✓ SDR hash latency: < 0.5926s ✓ V. From Revaluation to Reset: The Rise of Asset-Backed FX The future monetary map is being redrawn: Iraq leads with oil, gold, and water backing Vietnam, Zimbabwe, and Iran are staging similar FX-VU deployments Russia and BRICS+ push regional SDR-like baskets backed by commodities Money is no longer defined by central banks. It is defined by resource control + protocol access. VI. The Mar-a-Lago Accord: A New Monetary Bloc Emerges A new informal economic axis has formed—— identifies as the Mar-a-Lago Accord: United States (post-2025 economic realignment) Iraq, Saudi Arabia, UAE, Egypt Private capital from Asia and the Gulf Settlement via SDR-aligned, FX-VU-ready infrastructure This is not Bretton Woods II. This is Bretton Woods III — with sovereignty first. VII. The Institutional Triggers Are Set The system is armed. The suppression toggle is the only remaining barrier. IMF and BIS are synchronized SDR parity is mapped FX aggregation engines are warmed DOM flickers and ghost propagation indicate rate is “live but hidden” If no political release occurs, the system will override. The value is real. The visibility is inevitable.
Government Advisor: Iraq Is Third In The Arab World In Cards
Government Advisor: Iraq Is Third In The Arab World In Cards
Economy | 11:02 - 05/31/2025 Mawazine News - Baghdad - The financial advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Saturday, that Iraq's ranking as third in the Arab world in the number of bank cards issued is an important indicator of the development of the financial sector and the growing community and international confidence in government measures.
Salih said in a press statement to the official agency, followed by Mawazine News, that "Iraq will enter the era of fully electronic collection in the middle of this year, and this matter enhances the confidence of financial institutions and global investment banks that Iraq is moving towards a more transparent and professional economy with advanced methods that guarantee economic prosperity."
He added that "electronic collection will also give the impression that the Iraqi financial environment has become more prepared to receive financial technology solutions and investments in the digital banking and insurance sectors in an attractive and accelerated manner," noting that "this step reflects the strategic government effort seeking to modernize the financial infrastructure and facilitate non-cash transactions."
He continued, "Iraq ranked third in the Arab world in the number of bank cards issued, which is an important indicator of the development of the financial sector and the growing community and international confidence in government measures."
He indicated that "the government is actively pursuing digital financial transformation to achieve advanced levels of sustainable development, in accordance with the indicators of the National Development Plan 2024-2025 and the current government program."
He explained that "the progress achieved by Iraq in the field of using digital banking payments undoubtedly indicates the extent of the accelerated strategic progress achieved in spreading the use of bank cards and the beginning of achieving a structural transformation in the Iraqi economy towards a digital economy."
He stated that "utilizing modern technology will enable Iraq to achieve qualitative leaps in financial inclusion, maximize added value in the national economy, reduce poverty and unemployment, and facilitate economic reforms on a broader scale."
He pointed out that "this matter is also a major success for the government program related to e-governance and the implementation of an integrated and basic digital infrastructure in preparation for the transition to a digital economy and broad financial inclusion." https://www.mawazin.net/Details.aspx?jimare=262062
MILITIAMAN: What we're hoping is Iraq changes the value of the currency and has no sanctions on it
Militia Man
The UN stating...Iraq's going to be a banking powerhouse in the coming days...
The UN statement is a pretty big deal. Article quote: "The UN supports Iraq's approach with this transformation that is expected in the coming days.'
What we're hoping is Iraq changes the value of the currency and has no sanctions on it.
..Iraq is far more further along in her reforms than many probably realize. The data supports that..
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