We need to ask ourselves has Iraq been lying to us about previous banking improvements? The answer is yes and no.
They were doing what they said they were doing but not what the Department of Treasury required.
We were led to believe Iraq would be able to integrate without error with international banks. That belief was incorrect.
Here's what Iraq is doing as per the Treasury department's and the Iraqi Prime Minister's demand - Article "Iraq announces Major Banking Sector Overhaul"
The plan involves major restricting of both public and private banks with top global consultants enlisted to guide the transformation. Ernst and Young will oversee reforms of state-owned banks...
The US Treasury Department announced on Friday the issuance of new sanctions against entities and individuals linked to Iran.
The sanctions included certain vessels, entities, and companies that supply equipment to the Iranian Revolutionary Guard.
The sanctions come amid an ongoing conflict between Israel and Iran, with an exchange of fire since dawn last Friday, resulting in significant human and material losses for both sides.
On Friday, Israeli media reported that Iran used heavy missiles to strike targets in Israel, including the Channel 14 field broadcast headquarters, confirming 27 injuries.
Israel's Channel 7 reported that "the recent Iranian bombardment of Israel included approximately 20 missiles, and the Iranian Revolutionary Guard targeted Channel 14's field broadcast headquarters in Haifa with Sejil-3 missiles after prior warning."
She confirmed that "there are fears of the leakage of hazardous materials following the recent Iranian missile attack, with the number of injuries rising to 27, including 3 serious injuries."
Israeli media reported on Friday that approximately 30 Iranian missiles were launched from Iran, targeting Haifa and Tel Aviv, and falling in various locations.
Media outlets reported that "the Iranian missile fell near Haifa Port and government facilities, while alerts were activated throughout Israel."
She added, "The launch of 30 missiles from Iran was monitored, and loud explosions were heard in Tel Aviv, Jerusalem, and Beersheba."
Israel Hayom also reported that "a plane coming from Thailand was forced to change course at the last minute following the Iranian missile attack."
Mon. 2 June 2025: The QFS silently activated across all sovereign nodes. Traditional banking systems began their final restructuring phase as SWIFT, IMF, and BIS operations were cut from global liquidity lines.
Fri. 13 June 2025: The 48-hour Global Currency Reset (GCR) blackout initiated across targeted markets. Select financial systems were frozen for transition into the asset-backed framework.
Blackout after midnight Sun. 22 June 2025 when new travel restrictions go into effect. Stay off all airlines – all flights cancelled. Internet shut off. Stock Market Crash.
On Wed. 25 June 2025, the first wave of wealth redistribution will go live. Redemption Centers will begin processing live appointments under full GESARA protocol. According to sources inside two U.S. Treasury branches, the schedule was already being populated with approved Tier 4B participants and millions will receive their initial funds, empowering communities and triggering local economic recovery projects worldwide.
Secure drop of Vatican black ledger files (public release via QFS channel)
Sat. 28 June 2025: Redemption Center networks activated across 70 countries. Civilian verification teams deployed, focusing on biometric onboarding and USTN access for verified citizens.
Between Sun. 29 June and Fri. 4 July 2025 expect a Blackout Period for the banks (as announced over the EBS) while systems adjusted to the new currency rates and Global Financial System.
Tues. 1 – Thurs. 3 July: Mass activation of gold certificates in North America.
Fri. 4 July 2025 Global Activation Day: Trump hosts Independence Day celebration — 250 years since 1776. On this symbolic day, the full public activation of the QFS, NESARA/GESARA economic reset and release of suppressed healing technologies begins. The world will enter the most transformative 24 hours of modern history. Public announcement of this new American Republic under concepts of the original Constitution in a coordinated global signal via QFS. Declaration of Planetary Jubilee and full EBS broadcast release begins.
Sat. 5 July to Mon. 14 July: QFS mass biometric sync rollout. US Treasury-backed Rainbow Notes become primary medium of international trade, fiat currencies enter terminal phase.
Three reasons identified...the Parliamentary Finance Committee rules out sending budget tables to Parliament
Hussein Mounes, a member of the Iraqi Parliament's Finance Committee, ruled out on Saturday the government's submission of the federal budget schedules, while reviewing the main reasons for this move.
"There are several reasons for the government's exclusion from sending the federal budget schedules to parliament, most notably the financial deficit, unstable financial revenues, the lack of a real economic vision, and the approaching date of the legislative elections," Mounes told Shafaq News Agency.
He added, "The large deficit in the budget law amounts to 80 trillion dinars, which puts the government in a difficult position due to the lack of a real economic vision for completing the budget tables and submitting them to Parliament."
Parliamentary Finance Committee member Moeen Al-Kadhimi previously indicated that the budget schedules would likely reach parliament in early July.
Al-Kadhimi told Shafaq News Agency at the time that the Ministry of Finance had completed its observations on the budget law's schedules and submitted them to the Council of Ministers to express the government's opinion on the nature of the budget and the total amount compared to last year,
in light of the decline in revenues achieved during the current year .
Al-Kadhimi explained that the Ministry of Finance is preparing the final schedules for the budget law after receiving the government's response to the submitted comments. He noted that the draft 2025 budget law is expected to be referred to the House of Representatives early next month after its approval by the Council of Ministers .
The delay in approving the 2025 federal budget in Iraq threatens financial stability, service and development projects, the disbursement of salaries and benefits, and other repercussions that directly impact the daily lives of Iraqi families, according to observers .
Observers believe the budget has become a "political tool" during election seasons, used as a means of pressure and bargaining between blocs, without regard for the impact of these procrastinations, which have continued for more than half a year .
Legal experts also believe that delaying the disbursement of financial allocations stipulated in the budget law constitutes a form of administrative corruption and opens the way for lawsuits to be filed against entities obstructing the implementation of the law . link
AKI: The 1310 is dropping dramatically. The "water cooler talk" is this whole thing will come out as a whole number at the onset, like 1 to 1 because it will be on par in a basket.
Not right away but it will eventually be paired to the American dollar.