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

 

An Economist Points To A Decline In Liquidity And The Loss Of Thousands Of Jobs In Iraq.

 An Economist Points To A Decline In Liquidity And The Loss Of Thousands Of Jobs In Iraq. 

  
Economy     2025-06-25 |Source: Alsumaria News     3,726 views   Alsumaria News - Economist Ahmed Abdul Rabbah revealed on Wednesday the reasons behind the ban on a number of local Iraqi banks from receiving foreign transfers. He emphasized that the continued ban on 32 Iraqi banks from dealing in dollars not only   leads to a decline in liquidity but also  threatens the loss of thousands of jobs at these banks.
 
Ahmed Abdul Rabbo told Sumaria News that the  banks operating in the country that handle remittances are Iraqi in terms of registration and establishment, but some of these banks hold majority ownership stakes in foreign investors,  which gives them advantages over local banks.
 
The economic expert attributes the deprivation of a number of local banks from foreign transfers to
     their lack of banking relationships with global correspondent banks such as JP Morgan and Citibank,
     unlike banks owned by foreign investors, which maintain extensive correspondent banking networks.  

He pointed out that those banks in which foreigners hold significant stakes continue to dominate the remittance sector,  benefiting from their global network of relationships.  He explained,
 
"I find it essential for the Central Bank of Iraq to diversify the basket of currencies used in emittances by adopting alternative currencies such as the  Emirati dirham, the Chinese yuan , and the  euro.
 
I also call on the Central Bank to   guarantee a number of Iraqi banks that adhere to international standards, in order to   facilitate the opening of accounts for them with international banks    such as Citibank and JPMorgan."  

He added that the  US sanctions imposed on 32 Iraqi banks remain, in his view, unjust and illogical, as they      disrupt the structure of the banking system,     negatively impact opportunities for competition and growth,     limit the liquidity of these banks, and     leave them vulnerable to bankruptcy. 

The continued ban on dollar transactions for 32 Iraqi banks not only  leads to a decline in liquidity, according to the expert, but also  threatens the loss of thousands of jobs at these banks, whether they have been closed or restricted in their operations. It also   deepens the crisis of confidence in these banks as intermediary institutions.
 
This situation has forced many companies and individuals to deal only with "dominant" banks, reducing the opportunities for local banks in the market.
 
The economic expert noted that  if
     reform efforts continue and   international standards are fairly applied,we may witness a real   decline in the role of the black market and a  gradual return of committed local banks to competition on a more equitable basis.    
  
https://www.alsumaria.tv/news/economy/531261/اقتصادي-يؤشر-أمرًا-يؤدي-إلى-انخفاض-السيولة-وفقدان-آلاف-الوظائف-في-العر  

TIDBIT FROM MILITIAMAN

  Militia Man 

 A lot of turmoil and it's been going on for...a couple years...The Middle East is very volatile...but...

even during the turmoil you're seeing Iraq has been stable and staying out of the conflict which is really good...

Even though this tension has been going for weeks Iraq has still maintained that she's opening for business...stable... has all the components for her economy to keep moving forward.  That still holds true today...

Mike Bara Update: Jen told us on Friday that papers were being signed and things were happening #iqd

 

The Central Bank Sponsors The Launch Of The Al-Fursan Entrepreneurship Program

 The Central Bank Sponsors The Launch Of The Al-Fursan Entrepreneurship Program

 
June 25, 2025  The Central Bank of Iraq hosted a celebration announcing the launch of the "Fursan" program, an Iraqi-inspired initiative under the direct sponsorship of His Excellency the Governor of the Central Bank of Iraq.
 
The program serves as a realistic investment program for entrepreneurs, aiming to   create real opportunities for youth and  enhance the role of the private sector in developing the national economy.

In his speech at the ceremony, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, emphasized that the Central Bank of Iraq has prioritized supporting projects related to the youth segment, which contributes to the local economy with products and services that contribute to raising the gross domestic product, ensuring an effective role in this regard.
 
In light of the recent reforms, the Iraqi banking sector can also focus on supporting income-generating small and medium-sized enterprises that directly support the private sector.
 
The "Fursan" program helps participants  access investment opportunities and     obtain soft loans for those who qualify.  The program also provides a safety net that ensures the  continuity of promising projects and   prevents their failure.
 
These projects serve as incentives for innovative youth and   create new job opportunities
that contribute to sustainable economic and social development in Iraq.
 
A group of young people presented their projects,  highlighting the products they offer and their assessment of market demand and available potential, with the hope that other entrepreneurs will join them in the future. Central Bank of Iraq  Media Office  June 25, 2025  https://cbi.iq/news/view/2917  

FIREFLY: Skies are full of fire here in the northern Iraq where those bases were

 Frank26  

 [Iraq boots-on-the-ground report]   

FIREFLY:Television says Iran says they have no intentions of closing the Straits of Hormuz.

  FIREFLY:We have bases here right now inside of Iraq.  We took cover.  We are being hit hard tonight from Iranian militants.  We heard they blew up a big radar installation and drones are hitting bases here.  All hell has broke out inside Iraq...  

FRANK:  Don't worry about it.   Take cover for now.  Protect your family... 

FIREFLY:  We see in our skies here, bases are blown up.  We can see it from the distance...Skies are full of fire here in the northern Iraq where those bases were.  

FRANK:  It was no big deal.  They didn't do much of any damage.

 FIREFLY:  Television is saying some of the rockets missed their mark...It was the Iranian backed militants here that did it with Iran's help.

FIREFLY: There was a reason why the rate was protected in the Gazette for so long!! #iqd