A "Time Bomb"... The Iraqi Economy Is At Risk Due To Jordanian Banks.

 A "Time Bomb"... The Iraqi Economy Is At Risk Due To Jordanian Banks.

 
Economy     2025-06-10 |   4,697 views  Alsumaria News – Economic  Financial and banking expert Mustafa Hantoush described Jordanian banks' control over remittances as a "time bomb" on Tuesday. 

Hantoush told Sumaria News , "The issue of Jordanian and Gulf banks controlling the current currency auction is like a time bomb," noting that
 
"the dollar's valuation has been directed to 50 private Iraqi banks in order to resolve it."  He added,
 
"These foreign banks have joint accounts, controlling more than $50 billion annually, which is a significant amount,"
 
warning of the danger of "these banks monopolizing remittances, even though they are affiliated with foreign investment."  

He stressed the "need to take action,  either dismantling the banks, which is unacceptable, or implementing real instructions that are    consistent with international models, not a model tailored to Iraq and never implemented at all."  
  
https://www.alsumaria.tv/news/economy/529225/قنبلة-موقوتة-الاقتصاد-العراقي-في-خطر-بسبب-مصارف-اردنية

FIREFLY:Television says the Iraqi stock exchange is adding a lot of new firms to their list

 Frank26  

 [Iraq boots-on-the-ground report]  

FIREFLY:Television says the Iraqi stock exchange is adding a lot of new firms to their list to draw more international attention. 

 FRANK:  The Iraqi Stock Exchange along with the Erbil Stock Exchange and ISX and the ESX IMO are doing the very same thing that Forex did with the Iraqi dinar a few weeks ago.  Put it in position...It's exciting to see all these advancements during the Asraflak period.

MNT GOAT: The next stage is full sovereignty promised to the Iraqi peopl...

Economist Warns: The Dollar Will Explode If Iraq Enters The War With Israel And Iran - Urgent

 Economist Warns: The Dollar Will Explode If Iraq Enters The War With Israel And Iran - Urgent

 
Economy Yesterday, | 1157  economic hell  Baghdad Today – Baghdad   As regional tensions between Israel and Iran escalate, Iraq stands at a dangerous juncture,
 
the repercussions of which could extend beyond politics and security to the heart of the fragile economy, burdening ordinary citizens who still yearn for a lost stability.

Whenever the drums of war beat in the region, Iraqi markets are the first to tremble, as fear turns into a frenzied race for the dollar, and the dinar becomes a burden rather than a security.
 
In a scene that is repeated with every crisis, anxiety levels rise among traders and citizens, and the dollar begins to rise, as if reflecting the pulse of fear in the streets.
 
As news of the potential for the conflict to expand continues, economists warn of an impending catastrophe,

warning that any Iraqi involvement in the conflict will 
     mercilessly ignite the foreign exchange market and 
     push the prices of basic commodities to levels beyond the reach of ordinary citizens.
 
From this standpoint, the warning issued by economic expert Othman Karim,
on Sunday (June 15, 2025),
reflects a worrying reality,
speaking clearly about the scenarios that could destabilize the dinar and threaten food security,
if Iraq becomes embroiled in a war that is not its own, but one that will cost it dearly.  Karim told Baghdad Today,
 
"The rise in the dollar exchange rate immediately after the Israeli strikes is a normal occurrence in the market,
due to the fears of traders and those who own dinars and who resorted to quickly converting their currency into dollars."  He added,
 
"The exchange rate will remain below 150,000 dinars for the time being,
 
but if Iraq enters a state of war, prices ill reach more than 160,000 dinars, and may rise further, significantly impacting food prices,  especially if the seaports on which Iraq relies are completely closed."
 
The Middle East is witnessing an unprecedented escalation in tensions between Israel and Iran,
amid an exchange of threats and military strikes that threaten to expand the conflict to neighboring countries.
 
Iraq, due to its geographical location and its intertwined relationships with the parties to the conflict, faces the possibility of slipping into a war, either directly or indirectly, raising widespread popular and economic concerns.

Iraq is a country that relies heavily on imports, particularly food, which arrive via seaports.
 
This makes it vulnerable to fluctuations in regional and international markets.
 
The Iraqi economy also suffers from structural fragility, 
making it highly susceptible to political or security unrest.
 
This was evident in previous crises that led to sharp fluctuations in the dinar's exchange rate against the dollar, directly impacting the prices of goods and services.
 
With recurring geopolitical tensions, Iraqi markets are in a state of constant suspense, 
with the dollar exchange rate being more influenced by sentiment and anxiety than economic data.
 
This makes any military escalation in the region a direct cause of significant fluctuations that could impact citizens' daily lives.     https://baghdadtoday.news/276440-.html  

TNT Conference Call Summary – June 16, 2025

 TNT Conference Call Summary – June 16, 2025

1. We were told that in the end, it would be chaos.

2. Everything is done; the banks don’t want to engage until Forex is implemented.

3. The banks have met and are ready to move.

4. Forex did not launch. It’s unclear what prevented it.

5. Other countries decided on Friday night that they didn’t want to take the risk.

6. The system was locked, but it was not accepted.

7. They wanted more discussions; there was distrust about what was happening.

8. A lot is happening behind the scenes.

9. What was done was the opposite of what was said in the meeting.

10. Tony felt it was beneficial for the people; it benefits the entire Middle East from whatever may come.

11. That’s where the confusion lies. Globally, a lot is happening behind closed doors.

12. In Iran, 34 generals were reportedly killed. The plan was to eliminate all the leaders.

13. Khamenei is apparently dead; he died during the conflict.

14. They are destroying power plants in Iran, military facilities, etc.

15. People are celebrating in the streets, holding signs thanking Trump.

16. The U.S. has a designated survivor; this person would become the next president and would not come from within.

17. Three weeks ago, when the IMF was going to take control, they tried to push the RV through the system to see if it would bring everyone back in line.

18. At the G7, if something goes wrong or something is said, who knows what could happen.

19. Tony was told not to expect anything until Tuesday morning. Some said today, but it would not be Monday morning.

20. Trump is trying to appear as a peacemaker with the cooperation of the Middle East.

21. It’s complicated. Once you hear all the details, it will make sense.

22. We will be given a chance to move to the next level.

23. The next windows are from 1 to 6 p.m., or midnight, and again at 8 a.m., when they are watching for a change.

24. Exchange rates have not changed.

25. There were limits on all currencies except Zimbabwe. Now they say there are no limits. Any rate you negotiate will apply to all your currencies.

26. Even those with SKRs were notified that the exchange rates were going to change.

27. We might not have to wait until tomorrow.

IRAQ & DINAR STATUS EXPLAINED! @DINARREVALUATION #iraqidinar #iqd #iraq #iraqidinarnewstoday2025