Statistics: A Slight Decrease In Iraq's Domestic Public Debt.

 Statistics: A Slight Decrease In Iraq's Domestic Public Debt.

Economy | 03/07/2025  Mawazine News - Baghdad -  The Central Bank of Iraq announced, on Thursday, a slight decrease in the domestic public debt at the end of April 2025.

The bank said in an official statistic reviewed by Mawazine News that "Iraq's domestic public debt decreased at the end of April of this year to reach 85 trillion and 503 billion Iraqi dinars, down from 85 trillion and 536 billion dinars in March."

The bank added that "the decrease was a result of the repayment of loans from financial institutions, which amounted to 19 trillion and 119 billion dollars, after it was 19 trillion and 152 billion dollars. "

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 the account 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."   https://www.mawazin.net/Details.aspx?jimare=263396

MAJEED: "And the rate will be $4 per 1 IQD " ‪@DINARREVALUATION‬

 

The Dollar Continues To Fall Against The Dinar In Baghdad.

 The Dollar Continues To Fall Against The Dinar In Baghdad.

Economy | 10:40 - 03/07/2025  Mawazine News – Baghdad  The US dollar exchange rate fell on Thursday morning in the markets of Baghdad and Erbil, the capital of the Kurdistan Region.

The dollar price fell on the Al-Kifah and Al-Harithiya stock exchanges to 141,100 Iraqi dinars for every $100, while yesterday, Wednesday, it recorded 141,350 dinars for every $100.

Selling prices fell in exchange shops in the local markets in Baghdad, where the selling price reached 142,000 Iraqi dinars for every $100, and the buying price reached 140,000 dinars for every $100. https://www.mawazin.net/Details.aspx?jimare=263394

MARKZ: They said they would be accepting that currency – they have the new rate - just waiting!!!

 MarkZ  

 [via PDK] 

 Bank Story: A mate called Bendigo bank here in AUS and asked if they were exchanging international currency, they grabbed the manager and said “not yet”. Then asked if he was referring to VND, and he said yes. They said they would be accepting that currency – they have the new rate - just waiting. This is exciting stuff. 

 MarkZ:  That is awesome. This is the second bank story I have heard on this in the last 2 days. 

MIKE BARA: "WE'VE GOT THE GREEN LIGHT" @DINARREVALUATION

The US Treasury is pursuing corruption funds... and the Baghdad government remains silent.

 The US Treasury is pursuing corruption funds... and the Baghdad government remains silent.

An Imminent Crisis in the Iraqi Financial Sector: Has the Phase of Comprehensive Sanctions Begun?

Iraq's financial system is facing new signs of turmoil after the disruption of salary payments through some electronic payment companies affiliated with government institutions. While the reasons for the disruption appear technical, informed sources confirm that the matter is linked to US investigations targeting Iraqi banks and companies suspected of involvement in money laundering operations abroad, to countries including Turkey, Iran, and the UAE.

The same sources explained that the US Treasury had granted a grace period to a number of private banks and electronic payment companies to rectify their status and comply with international standards for combating money laundering and terrorist financing, including the Financial Action Task Force (FATF) and Know Your Customer (KYC) requirements. However, many of these entities have not demonstrated sufficient seriousness in resolving their cases, opening the door to the inclusion of new names on US sanctions lists in the near future.

 This situation threatens to directly disrupt the financial market's performance, especially if the sanctions affect active institutions relied upon to pay salaries and finance daily commercial activities. Experts expect liquidity within the market to be significantly affected, amid growing concerns about declining public confidence in local banks.

 This is particularly true with the increased demand for dollars for external transfers or for storage in anticipation of any unexpected developments. This pressure could lead to a decline in the value of the Iraqi dinar and a rise in the dollar on the parallel market, which would impact the prices of goods and services in an already tense economic environment.

Meanwhile, regulatory authorities within Iraq , led by the Central Bank, are preparing to impose stricter oversight on the activities of banks and money transfer companies in an attempt to avoid further escalation. This is particularly true since some technical reports have revealed clear violations in the performance of some banking institutions, including massive financial transfers abroad without legal documentation, the issuance of credit cards to fictitious accounts, and suspicions of financing prohibited activities or smuggling hard currency.

Despite the bleak outlook, observers believe the crisis could mark a turning point in Iraq's financial reform process. It has become imperative to restructure the private banking sector and impose strict regulatory classifications, along with a comprehensive review of electronic payment companies to ensure their compliance with international standards, and to open the door to broader partnerships with globally licensed financial service providers.

In this context, the crisis may turn into an opportunity to reshape the financial market in Iraq, starting with cleansing the banking environment of unregulated entities and bolstering international institutions' confidence in the Iraqi transfer and oversight system. The shift toward a more transparent and governed environment is not a luxury, but rather a necessity imposed by both domestic realities and international pressures.

Iraq today stands at a critical crossroads: either integrate into the global financial system on its terms and ensure gradual stability in its banking sector, or continue sliding toward financial isolation, which will have direct repercussions for the lives of citizens and the country's economy as a whole. link

TEXAS SNAKE UPDATE

Texas Snake

July 3

Well folks Banker is under the belief he and all his counter parts will be notified at some point tomorrow on the 4th that they will receive a heads up as to when the notifications and 800 numbers will be released so he can have all his centers manned and ready to begin appointment scheduling for next week.

 Will advise ASAP after I hear more.

7 9:19 PM