Saturday, June 28, 2025
FRANK26: "BARZANI WAITS FOR THE NEW EXCHANGE RATE."
KTFA
FRANK26: "BARZANI WAITS FOR THE NEW EXCHANGE RATE.".......F26
Two months of financial silence: Kurdistan freezes spending amid a storm of crises
6/24/2025
- Kurdistan
The Ministry of Finance and Economy in the Kurdistan Region directed all banks, today, Tuesday (June 24, 2025), to suspend all types of exchange for a period of two months, starting today.
An informed source told Baghdad Today that "the ministry issued an official directive to all banks to suspend all forms of exchange for two months, without providing any explanation for the decision."
The decision by the Kurdistan Region's Ministry of Finance and Economy comes amid complex financial and economic conditions facing the region. The region is suffering from an ongoing crisis in securing salaries and financial dues, as well as ongoing disputes between the regional government and the federal government regarding oil and the budget.
TIDBIT FROM SANDY INGRAM
Sandy Ingram
[Our] opinion Iraq is being pushed into qualifying for Forex participation status due to the slow pace at which Iraq can access its dollars at the Federal Reserve Bank.
Largely because certain banking restrictions are not in place...
FRANK26: "1310 IS NOT FINANCIAL INTEGRITY... REALIZE THAT!!!".
KTFA
FRANK26: "1310 IS NOT FINANCIAL INTEGRITY... REALIZE THAT!!!"...........F26
Qi and K2 Integrity to Elevate Iraq's Financial Standards
Qi (International Smart Card), Iraq's largest electronic payment platform, has announced that it has entered into a landmark partnership with K2 Integrity (K2i), a US-based global financial integrity and compliance advisory firm.
The multi-year collaboration aims to align Iraq's financial infrastructure with international standards in anti-money laundering (AML) and countering the financing of terrorism (CFT).
The partnership spans operations in the UAE, Jordan, and Iraq. A major compliance back office will be established in Jordan, fully integrated into Qi's ecosystem, while the UAE office will serve as an innovation hub.
Flour factory
ISC Chairman Bahaa Abdul Hadi described the initiative as part of a broader national mission:
"This is not just about one business group. This is about Iraq and its economic future ... we are investing heavily to ensure our systems, people, and partners meet the highest global standards of financial integrity."
The partnership spans a 36-month roadmap split into three phases, where K2 Integrity will perform the following strategic tasks.
- Evaluate and transform Qi's current financial crime compliance (FCC) framework.
- Train Qi's personnel across all levels-from frontline staff to executive leadership.
- Take operational responsibility for implementing globally benchmarked compliance practices.
- Transition the program into a sustainable, best-in-class model eventually managed by Qi.
According to a press release, this initiative marks a pivotal milestone in Iraq's compliance evolution, strengthening national capabilities and building a foundation for secure, scalable financial growth; it positions Iraq to regain credibility with international partners, attract investment, and enable more secure, scalable cross-border transactions, particularly vital for trade, remittances, and financial inclusion.
(Source: Qi)
MAJEED: Iraq is talking about changing the exchange rate publicly
MAJEED
exchange rate
Iraq is talking about changing the exchange rate publicly
Each $1 would equal 1.32 Iraqi dinar
We know damn well it will be higher than that
But they’re talking now about deleting the 000
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