No, the RV has not yet happened and the newer lower denominations are no yet out regardless of what some jerks are putting out to the dinar community. If this is all you want from my blog you can leave it now. Thanks for watching….lol….
Lots of good topics to review today from recent Iraqi news such as a WTO and the Oil and Gas Law. Then also again Iraq is beating its chest on the resources it has and its tremendous value.
But I keep asking “when”? Yes, when will all these assets be reflected in the a true nominal rate of the currency of Iraq? Didn’t Basel I, II and III requirements go into effect?
We also heard in recent past articles the praising of Iraq in its efforts in combating money laundering and its efforts to reform the “Pillars of Finance Reform”. So, I ask -What is taking them so long? But we know what is coming as we read the news from Iraq. The pressure is building to revalue and reinstate the dinar.
I also have a report to give from my contact in the CBI. Let’s get started.
😊So, we read in articles more than a year ago that Iraq had met all WTO requirements. Did it really?
However today in the article titled “AL-GHARIRI: IRAQ IS GETTING CLOSER TO MEMBERSHIP IN THE WORLD TRADE ORGANIZATION
” we read the article as if there seems to be more that Iraq needs to accomplish or has just accomplished in this regard.
Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad’s serious commitment and transparency in meeting the requirements of this important international process.
Al-Ghurairi explained a team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization’s members. Oh….I thought Iraq was all done?
The minister added: “The national team is fully prepared for the next round of meetings with the organization’s General Secretariat and members of the working groups,” Oh….I thought Iraq was all done?
The good part of this article is that Al-Ghariri pointed out: “Joining the World Trade Organization represents a strategic step to support the business environment, stimulate investment, and develop productive sectors, especially industrial and agricultural, which will enhance Iraq’s economic position regionally and internationally.”
I want to keep pointing out these updates on the WTO because they are NOT all done with Iraq and this is the holdup in getting the announcement of their full accession to the organization. ☹
AL-SUDANI AND THE ISLAMIC UNION PARLIAMENTARY COMMITTEE STRESS THE IMPORTANCE OF APPROVING THE OIL AND GAS LAW
Iraqi Prime Minister Mohammed Shia al-Sudani received a delegation from the Kurdistan Islamic Union Party’s parliamentary bloc on Tuesday. The meeting discussed vital issues related to the relationship between the federal government and the Kurdistan Region.
During the meeting, the two parties emphasized the “need to find radical solutions, within the framework of the constitution and the law, regarding the Kurdistan Regional Government’s financial obligations, based on the provisions of the budget law and the Federal Court’s decision.”
The importance of passing the oil and gas law was also emphasized, according to a statement from the Prime Minister’s Office, referring to one of the most contentious issues between Baghdad and Erbil in years.
Al-Sudani explained that the government “is keen to meet citizens’ aspirations and monitor their affairs throughout Iraq, based on its legal and constitutional responsibilities and the priorities and needs of citizens.”
During the meeting, “a number of national issues and topics were discussed, as well as the government’s implementation of its service and economic program.”
For their part, members of the Kurdistan Islamic Union parliamentary bloc pointed to “the importance of the strengthening of security and social stability, coupled with a comprehensive economic and urban renaissance,” praising “the government’s efforts in service-related issues and tangible reforms, and their positive impact on the lives of citizens across the country.”
This comes as the Coordination Framework also affirmed the federal government’s commitment to guaranteeing the rights of all citizens, noting at the same time that the enactment of the oil and gas law represents the core of the solution between Baghdad and Erbil.
The Iraqi constitution devotes two articles to the issue of oil and gas, Articles 111 and 112, without addressing how the country’s oil policy will be formulated. This was left to the issuance of the Oil and Gas Law, which, after two decades and the current Iraqi government’s pledge to issue it within six months, remains unclear when it will be issued.
At 11 am EST Mon. 2 June all aspects of NESARA were implemented and the big banks were put online with the QFS as of 6 pm Mon. night 2 June 2025.
At 3:03 EST on Tues. 3 June 2025 Operation Odin (QFS) was fully activated, EBS deployed through Starlink, banks closed, currencies cancelled, Sovereignty restored, codes active, accounts open, their system will freeze, yours will open. …Trump Family Channel, The 17th Letter (JFK Jr.), Julian Assange, Ben Fulford, WH Grampa on Telegram
On Thurs. 6 June 2025 the first QFS Card test batches began moving under military escort in key zones. Public distribution expands from June 7–10. By July 4 the general public.
Tier4b notifications were expected to go out on Tues. 10 June. Internal banking advisories indicated public redemption will begin regionally, based on QFS load-balancing and readiness reports.
On Fri. 13 June 2025 all Tier4b appointment notifications were to be completed.
Wed. 11 June Iraq set to make public announcement of the Dinar Revaluation (the end of a 5 day holiday), with international rate set at $4.81 Iraqi Dinar to $1.00 USN.
Sun. 15 June 2025 EBS Goes Live: “Each citizen will receive a one-time secure code, instructions for wallet activation, confirmation of debt wipe status and access to the sovereign fund dashboard.”
…F*I Director Kash Patel
Around Sun. 15 June 15 and Mon. 16 June 2025 expect minor banking downtimes, signaling the final switchover to full QFS integration.
As of Mon. June 23, 2025, Redemption Centers will begin processing live appointments for the general public under full GESARA protocol. According to sources inside two U.S. Treasury branches, the schedule is already being populated with approved Tier 4B participants. This is the moment we’ve all prepared for. …Emergency Broadcast System on Telegram
Between Sun. 29 June and Fri. 4 July 2025 expect an EBS Bank Blackout Period while systems adjusted to the new currency rates and Global Financial System.
Fri. 4 July 2025: Public rollout of Global Currency Reset.
Wed. 9 July 2025 was the Back Wall for the Global Currency Reset to occur optically. …Jon Dowling, Iraq
What happens at a Redemption Center? • You’ll confirm your identity through biometric authentication. • Your ZIM, Dinar, and Dong holdings will be verified and exchanged at asset-backed rates. • You’ll receive a digital quantum card tied directly to your sovereign QFS wallet. • You’ll be briefed on post-exchange asset management, debt clearance, and project support funds.
Locations are tightly controlled. No drop-ins. You’ll receive your time slot via direct encrypted alert — be ready.
Security Protocols: • These facilities are protected by military-grade encryption and surveillance. • All activity is recorded through the quantum ledger and cannot be erased.
A “BLACK” TRICK AND BANKING LOOPHOLE GENERATE MILLIONS OF DOLLARS FOR IRAQI FACTIONS
A US report revealed that Iranian-backed Iraqi militias have been exploiting a loophole in the Iraqi banking system, namely Visa and MasterCard, to withdraw dollars from Iraq. Transactions have rapidly increased to $1.5 billion per month.
A report by the American newspaper “The Wall Street Journal,” translated by Shafaq News Agency, explained that loopholes and weak oversight have allowed the militias to benefit from manipulating the credit card system.
It added that the small market that appeared for Visa and Mastercard in early 2023 has suddenly transformed into a financial transfer operation worth $1.5 billion per month.
American and Iraqi officials say that behind it stand Iranian-backed militias exploiting American payment systems to circumvent sanctions and reap huge profits.
Noting that “a new loophole has replaced the old one,” the report explained that after the US Treasury and the Federal Reserve Bank of New York halted fraudulent international bank transfers conducted by Iraqi banks in late 2022, Iraqi militias quickly shifted to using another mechanism, namely Visa and Mastercard credit and prepaid cards.
The report noted that the card system emerged with the dismantling of the previous system of bank transfers, which lacked anti-money laundering controls.
This flawed system was introduced by the United States after the Iraq War and allowed militias and Iran access to billions of dollars. It added that the sudden shift to bank cards occurred almost immediately after the shutdown of that tap.
The report stated that by mid-2023, cross-border transactions using Iraqi cards had increased by nearly 3,000%, indicating that a significant portion of this volume was related to the exploitation of the gap between the official exchange rate and its high black market rate.
The report explained that the militias and their partners load the cards in Iraq, then use them to withdraw dollars from neighboring countries. They then return the cash to Iraq and exchange it for dinars at a profit that has sometimes reached 21%.
The report quoted officials as saying that the profits were substantial, with cardholders linked to the militias generating an estimated $450 million in profits in 2023 alone from this fraud. They added that Visa and Mastercard, which charge fees on international transactions, together generated approximately $120 million from these practices.
According to the report, despite repeated warnings from the US Treasury Department since mid-2023,
Visa and Mastercard delayed taking action for several months. It added that after Treasury officials revealed that individuals linked to militias were flooding ATMs in Dubai with their Iraqi bank cards, the two companies postponed major action until March 2024.
In addition, the report noted that the militias have expanded their operations by using fictitious transactions with foreign merchants, point-of-sale devices that operate via VPNs, and smuggling networks to transfer money.
According to the report, some merchants accepted fake purchases in exchange for cash, a portion of which was returned to the seller, while others helped launder these transactions through jewelry stores and shops in free trade zones in the UAE and Turkey.
Additionally, the report stated that Iraqi government-backed cards were also used, as Qi cards, designated for paying the salaries of government employees and militia members, were a key part of the fraud scheme. Militias seized the cards of ordinary fighters, and the names of fictitious employees were inserted onto payrolls to obtain more cards, which were then used in this transaction cycle.
Under mounting pressure, Mastercard and Visa finally implemented sweeping measures in early 2024, according to the Wall Street Journal. Mastercard cancelled more than 100,000 cards and removed 4,000 UAE merchants from its network. Visa followed suit, identifying 70,000 suspected fraudulent cards and temporarily banning thousands of foreign sellers.
The US report indicated that Iraqi regulatory authorities imposed a monthly maximum of $300 million on cross-border transactions, and a maximum limit of $5,000 per cardholder.
In addition, the report noted that the Central Bank of Iraq hired a New York-based financial crimes firm to monitor the system and required all card issuers to operate through banks with correspondent relationships with the United States, while many Iraqi card issuers were excluded from the Visa and Mastercard networks.
The US report noted that the Treasury Department blacklisted three card companies suspected of having ties to militias, including a company affiliated with the Imam Abbas Shrine in Karbala, a major destination for Iranian pilgrims.
He considered this case to reveal significant weaknesses in global payment systems, particularly in fragile or poorly regulated markets. He noted that Iraq’s economy remains heavily reliant on cash transactions, while oversight is weak. The transition to digital payments occurred without adequate safeguards, allowing armed groups subject to US sanctions to exploit Western infrastructure to circumvent restrictions.
He concluded that despite Visa and Mastercard’s assertions of their rapid response and strong cooperation with authorities, US and Iraqi officials believe the companies’ delay allowed the fraud to expand and reach billions of dollars.
The Wall Street Journal report concluded by noting that while the United States seeks to preserve the global integrity of the dollar and strengthen the implementation of sanctions, the Iraqi payment system and the companies operating within it have become a stark warning of what can happen when financial innovations bypass oversight.
There were additional banks that have yet to integrate into the Quantum Financial System, Starlink System, Blockchain Technology and Syntax System. That should complete by Sun evening.
24 currencies were going up in value. Korean Won and Taiwan Dollar have been added.
According to Iraqi sources the Iraqi Dinar will be revalued over the weekend in a four day holiday ending Mon. 9 June – and expected to come out on Tues. 10 June.
Some sources said the IRS was gone, the IMF was gone, the SWIFT System was gone.
T
he new Quantum Financial System was in place and allows you to do an immediate transfer of funds.
By Sun. night 8 June our Federal Reserve USD accounts will be transferred to a USTN account.
USTN will be out by Tues. 10 June.
Tier4b notifications should come out on Tues. 10 June, so we could start exchanging on Tues. 10 June or Wed. 11 June.
The Q phone that hooks up with the Quantum System or a certificate for it should be available at the Redemption Center.
