FIREFLY:Saleh is on TV and he says, 'We are stable and strong and we have price discipline and we have three reasons for it.'
FRANK: 1310 is not price discipline because it fluctuates and it's bouncing all over the place...The new exchange rate is the #1 reason. That's what he's talking about...A new exchange rate requires this conversion.
Iraq chairs the Asia-Pacific group and receives international endorsement
Iraq assumed the presidency of the Asia-Pacific Group for the month of July, and received the group's support for its candidacy for membership in the Human Rights Council (2026–2028). The Ministry of Foreign Affairs stated that “the monthly meeting of the Asia-Pacific Group was held for the month of June at the United Nations headquarters in New York, during which the group’s countries announced their support and endorsement of the Republic of Iraq’s candidacy for membership in the Human Rights Council for the period 2026–2028.”
He added that “this endorsement is the result of the intensive diplomatic efforts made by the Iraqi Ministry of Foreign Affairs, through its permanent missions and embassies around the world, as part of the nomination campaign that reflects Iraq’s firm commitment to the values and principles of human rights.”
The Permanent Representative of the Republic of Iraq to the United Nations, Abbas Kazim Obaid, expressed his “deep thanks and gratitude to the member states of the regional group for their support,” noting that “this endorsement represents an important milestone in the nomination process and adds a double responsibility to the Iraqi delegation ahead of the elections scheduled for the United Nations General Assembly in October 2025.”
In his address to the group, Obaid stressed that “Iraq’s candidacy for membership in the Human Rights Council is based on the national achievements and measures taken by the Iraqi government in the field of promoting human rights, as well as Iraq's constructive cooperation with relevant UN mechanisms." During the meeting, the Permanent Representative of the Islamic Republic of Iran, in his capacity as Chair of the Group for the month of June, announced that "Iraq will assume the chairmanship of the Asia-Pacific Group for July 2025, a step that reflects the growing confidence in Iraq's active role within the UN system.
The handover ceremony took place, and all missions of Member States and regional groups were officially informed." At the conclusion of the meeting, the Member States of the Group expressed their congratulations to Iraq on assuming the chairmanship of the Group, expressing their confidence in its ability to effectively represent the Group's interests and priorities. linl
Forex Activity: Rate suppression appears to be lifted. New rates have been briefly visible on multiple platforms. The system has passed the point of no return.
Funding Underway:
• Mr. Salvage: Pentecostal group is actively dispersing funds.
• MarkZ: Bond holders are being paid today.
• Zester: Travel funds are being dispersed.
• Military confirmation: Bondholders are fully liquid; whales and 4A SKRs are next.
Al-Mashhadani hopes that Iraqis will achieve their aspirations for a dignified and prosperous life.
During his congratulations on the Hijri New Year
Parliament Speaker Mahmoud al-Mashhadani congratulated Iraqis on Thursday on the occasion of the new Hijri year, wishing them the fulfillment of their aspirations for a dignified and prosperous life.
Al-Mashhadani's office said:
The Speaker of the Iraqi Council of Representatives, Dr. Mahmoud Al-Mashhadani, extends his sincere congratulations and best wishes to our honorable people and to the entire Islamic nation on the occasion of the new Hijri year.
He asks God Almighty to make it a year of goodness, peace, and stability, in which the aspirations of our people for a dignified and prosperous life are fulfilled, and to bring this occasion back to our beloved Iraq while it enjoys glory and progress, and to bring security, peace, and unity to our Islamic nation. link
FIREFLY:Mr Sammy told me the CBI is lifting payment restrictions.
FRANK: YES!!
FIREFLY: No more payment limits. This was in place to help against money laundering against Iran.
It helped to keep everything safe.
The transactions were being protected but now the transactions will be easier to facilitate. This is great news for monetary reform. That means companies and investors can now invest easier with Iraq and our citizens can send and receive money easier outside of Iraq.
This give us green light for international transactions. Mr Sammy says movements like this would be right before a change in our rate...
FRANK: There's no limit now. That means there's no limit for the float.