...we had a rate at the banks the other day on the dinar that was good. We had a really good rate. It's not where we're going to be on the redemption center screens or on the contract rate at the redemption center, but it was still quite handsome of a rate..
.
Dong is supposed to be very good...The dong will be traded at the bank...
But I don't think it's going to be as high of a rate as it would be at the redemption center, but...It'll be a very good rate...I've been told we will be pleased with those rates.
Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani announced that about 80 locally manufactured products are now ready for export, highlighting Iraq’s expanding role as a regional economic hub.
Speaking to tribal leaders during Eid al-Adha celebrations, Al-Sudani emphasized a renewed focus on improving management across various sectors, stressing that ongoing economic reforms aim to reduce Iraq’s dependence on oil and accelerate efforts toward diversification.
Khamenei rejects US nuclear proposal, White House warns of dire consequences
June 4, 2025
Tehran (AFP) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that the US proposal to reach an agreement with Tehran on its nuclear program contradicts Iran's national interests.
Khamenei said, "The proposal (regarding Iran's nuclear program) put forward by the Americans is 100% inconsistent with our slogan 'We can,'" stressing that Iran is not waiting for the American "green light" to make its decisions.
The White House warned Iran on Tuesday of "serious consequences" if it rejects a proposal by US Middle East envoy Steve Witkoff aimed at reaching an agreement on its nuclear program.
The White House said that "Wittkoff sent a comprehensive proposal to Iran, and it should accept it."
Meanwhile, White House spokeswoman Caroline Leavitt said Tuesday that US President Donald Trump intends to attend the NATO summit, scheduled for later this month.
Regarding the Iranian nuclear issue, 10 sources familiar with Iran's nuclear activities, including officials, diplomats, and analysts, believe that the success of any agreement depends on addressing these ambiguities for the International Atomic Energy Agency.
The IAEA's quarterly reports reveal that the main ambiguities are the lack of knowledge about the number of centrifuges Iran possesses, or the location of their production and storage. The agency has also been unable to conduct surprise inspections at sites Iran has not declared.
Article: "Al-Atwani: Iraq's integration into the international financial system is no longer an option, but rather a necessity to enhance confidence in the national economy."
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Article: "Ali Al-Alaq: We are working on creating a digital currency for the Central Bank to gradually replace paper currency" Question: "Assuming this happens, will we need to turn in our currency and allow it to be converted to digital?
If so, where will it be held?"
No, the physical paper will always remain outside the country. That was part of their agreement to sell it to build their own reserves.
We talked about this several years ago. Saleh stated the physical dinar currency would go into central banks around the world.
The digital transformation in Iraq is only for them. The reduction of physical dinar could take several years in Iraq.
Keep in mind that notes that we hold such as 25,000 notes will always be their printed value. The exchange rate to US dollars should gradually increase based on Iraq's economic growth (economic renaissance) and success over time and the development of their banking system.