DINAR REVALUATION

Sunday, June 8, 2025

TEXAS SNAKE: " The bond releases is directly related to our RV" ‪@DINARREVALUATION‬ #iraqidinar

Asiacell and China Mobile partner on Digital Transformation

Asiacell and China Mobile International (CMI) have signed a Memorandum of Understanding (MoU) to jointly deliver comprehensive digital and telecom solutions in Iraq, with a strong focus on B2B and enterprise services.

The agreement aims to support Iraq's broader digital transformation by leveraging CMI's global technical expertise and real-world use cases to empower Iraqi enterprises through innovative, scalable, and efficient digital infrastructure.

Alex Lee, CMI's General Manager for the Middle East, expressed enthusiasm about the partnership:

"We are excited to work with Asiacell to unlock new opportunities in Iraq. Our shared vision for a digitally connected world aligns with the tremendous growth potential of this market. "

Asiacell CEO Amer Sunaa added:

"This marks a milestone in Iraq's digital journey. Partnering with CMI reinforces our commitment to delivering world-class telecom and IT solutions that meet the evolving needs of businesses across the region."

The partnership will focus on international connectivity, enterprise services, and emerging technologies to boost innovation and sustainable growth across key sectors in Iraq.

(Source: Asiacell)

MARKZ: Where does the money come from to pay the Zim bonds?

MARKZ

Member: Where does the money come from to pay the Zim bonds?

MZ: I’m told it comes from the Humanitarian side and not from the actual gold reset side.

So part of it may come from the St. Germaine Trust funds or perhaps Dubai 1 and 2 funds ?

I do not know exactly what group of funds they will pull it from.

MNT GOAT: BOOTS ON THE GROUND OF MY CBI CONTACT ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

Iraq announces Major Banking Sector Overhaul

Iraq is embarking on a comprehensive restructuring of its banking sector with the assistance of leading international consultancy firms, according to Dr Salih Salman, Advisor to the Iraqi Prime Minister, speaking at the Iraq Britain Business Council (IBBC) Spring Conference in London on Tuesday.

The Iraqi government has appointed Ernst & Young to restructure six of the country's seven state-owned banks, including the Industrial Bank, Real Estate Bank, Rafidain Bank, and Rasheed Bank.

The Trade Bank of Iraq (TBI) has separately engaged K2i and KPMG to help restructure its internal and external operations to meet international standards.

Dr Salman revealed that Rafidain Bank, Iraq's largest state-owned institution, will be reincarnated as the First Rafidain Bank with government participation reduced to less than 24 per cent. The remaining shares will be offered to private banks and international investors. The restructuring plan is expected to be finalised and approved by the Iraqi government by the end of the year.

The private banking sector is also undergoing reform following a contract signed between the Central Bank of Iraq (CBI) and Oliver Wyman. This two-to-three-year project will result in recommendations for private banks to either exit the sector, comply with international standards, or merge with other institutions.

Iraq has made significant progress in electronic payment systems adoption, with financial inclusion rising from less than 10 percent in 2018-2019 to approximately 40 percent currently. The number of debit and credit cards has reached 60,000-70,000, whilst bank accounts have grown to 22-23 million.

From June 2025, all government payments will be made electronically, with cash payments prohibited across government institutions. The Iraqi government has launched awareness campaigns to encourage public adoption of electronic payment systems, moving away from the traditional cash-based culture.

The government has also introduced the Riyada programme, operated in partnership with the Central Bank of Iraq, to provide financing and training for small and medium enterprises. The initiative offers a registration platform where participants can access training and potential financing opportunities.

Dr Salman emphasised that Iraq remains open to foreign investment and international consultancy services across all sectors, including legal, financial, accounting, auditing, and compliance services. The reforms aim to integrate Iraqi banks into the global financial system after decades of isolation due to sanctions and frozen assets.

Since November 2022, all bank transfers in Iraq have been processed through a Central Bank platform in cooperation with the Federal Reserve of the United States, marking Iraq's re-entry into global financial systems. The country now works with approximately 30 overseas banks, though challenges remain in opening international banking relationships.

The comprehensive banking reforms represent a significant shift towards international standards and greater private sector participation in Iraq's financial sector.

(Picture credit: IBBC)

TIDBIT FROM MNT GOAT

Mnt Goat

where...are...we...with the RV saga... The choo-choo train is still moving down the tracks quickly.

It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc.

. ..Many of these plans are already accomplished, some now in motion and some still in the planning stages...

They do not have to implement all of these plans to get there...Later this wealth will sustain the value of the dinar once reinstated...all trains eventually make it to the end of track. This end is coming.