Article quote: "The US now appears to have activated its threat to cut Iraq from its financial lifeline."
And how are they going to do that?
Quote "
The US Federal Reserve account where nearly all of Iraqi oil export revenues flow and which finances Iraq's entire budget..."
That $35 billion Pimpy told you guys so many times, this is the account I'm talking about. No, we're [the U.S. Government] are not invested in the currency.
No, we're not magically holding on to Iraqi dinar...This is why I keep warning you guys...
The financial inclusion rate in Iraq exceeded 46%.
The Iraqi Private Banks Association noted the success of the basic requirements for implementing advanced standards in combating money laundering, based on the principle of knowing the customer and the sources of their funds.
In a press interview, Wadih Al-Handhal, head of the association, said, "The Central Bank of Iraq is moving forward in implementing compliance standards and enhancing financial inclusion in the banking sector. The Association of Banks also supports ongoing awareness-raising efforts on financial inclusion."
He added, "The Middle East and North Africa Financial Action Task Force (MENAFATF) has transformed Iraq from a grey zone to a monitoring zone, which is true evidence that Iraq has made significant progress in enhancing financial inclusion and combating money laundering and terrorist financing.
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He explained, "The need for legal legislation still exists, and we must move forward in the field of human cadres training to keep pace with the rapid digital and technological transformation in the world."
Regarding the financial inclusion rates achieved by Iraq, Al-Handhal pointed out that, “according to international standards, the current financial inclusion rate in Iraq has exceeded 46% compared to previous years, which is a very significant progress with which we seek to achieve a rate of 90-95% in cooperation with the Central Bank in the near future.
The Arab Monetary Fund is also very satisfied with this rate and is monitoring the growth of the banking sector. It considers that Iraq is implementing financial inclusion through a sound mechanism that has contributed to Iraq’s progress in ranking ahead of other countries.” link
Salaries and...the 2025 budget tables...They're hammering it out...They need to have this resolved before they integrate into the global financial system...
They're going to integrate into the global financial system.
I think they're going to need an exchange rate to do so which they haven't done at 1310 for three years. Obviously they're going to have a real effective exchange rate...
The Central Bank of Iraq announces a decrease in domestic debt
The Central Bank of Iraq announced today, Thursday, a slight decrease in domestic public debt by the end of April 2025.
The bank stated in an official statistic that "Iraq's domestic public debt fell at the end of April of this year to 85 trillion and 503 billion Iraqi dinars, down from 85 trillion and 536 billion dinars in March."
The bank added that "the decline was a result of repayments of loans to financial institutions, which reached $19 trillion and 119 billion, down from $19 trillion and 152 billion."
He pointed out that "the remaining debts are owed by the Ministry of Finance, amounting to 756 billion dinars, and treasury transfer debts at the Central Bank and commercial banks, amounting to 51 trillion and 30 billion dinars, in addition to treasury transfers on behalf of the Ministry of Finance amounting to 2 trillion and 30 billion dinars, and national term debts due to farmers amounting to 12 trillion and 568 billion dollars." link
We're officially in the Window for Iraq to drop the New Rate on there Government Website
Then it will pop on to the Forex
Emails should be Right Behind it.
We are in Exciting Time Guys So get Ready....
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It doesn’t seem stable in Iraq yet !!
How can you RV when Iranian factions & militias are still in control ?
If an RV happens , seems like it will be down the road.
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The parallel market hit 1315 today…it’s very close.
