DINAR REVALUATION

Friday, July 11, 2025

IQD UPDATE: FNU LNU: This is the first real news in months now!!‪@DINARREVALUATION‬ #iqd

PROS, CONS, AND CONDITIONS… WHAT IS THE POSSIBILITY OF ESTABLISHING AN INTERNAL PAYMENTS SYSTEM IN IRAQ?

PROS, CONS, AND CONDITIONS… WHAT IS THE POSSIBILITY OF ESTABLISHING AN INTERNAL PAYMENTS SYSTEM IN IRAQ?

On Thursday, July 3, 2025, international economics professor Nawar Al-Saadi spoke about the possibility of establishing an internal payments system in Iraq, noting that the project’s “success” requires several conditions.

Amid the Popular Mobilization Forces’ salary crisis and the imposition of sanctions on several Iraqi banks, specialists have proposed “establishing an independent Iraqi national payments company,” aiming to “transcend reliance on foreign financial systems such as Visa and MasterCard, which often slow or restrict payment transactions due to factors beyond the state’s control.”

Proponents of the proposal believe that establishing such a platform could “constitute a step toward building an independent digital economy that strengthens the state’s control over its financial institutions, expands the horizons of national financial inclusion, and gradually paves the way for decoupling from foreign exchange instruments that impose their guardianship over our sovereign decisions.”

In this regard, Nawar Al-Saadi told Al-Jabal platform, “The step of establishing an internal payments system in Iraq will bring it closer to international standards in financial system management and enhance the credibility of the banking system with correspondent banks and international financial institutions. The existence of a reliable internal payments system means that Iraq is capable of managing its funds and transactions in a civilized and organized manner, which supports its position in international financial and trade relations. ”

He added, “On the other hand, there are challenges and negatives if the project is not managed with a realistic vision, which are as follows:

First, Iraq’s technological and banking infrastructure remains weak in many areas, and there is a significant digital divide between major cities and rural areas. If this system is imposed without a ready environment, it could create social resistance or disrupt daily transactions.

Second, a large percentage of citizens are still unfamiliar with electronic payments or banking transactions. Therefore, imposing the system without awareness and gradual integration may strengthen the informal market and increase friction between the state and citizens.

Third, the system requires advanced cybersecurity protection, otherwise it will be vulnerable to breaches, especially in a fragile security and economic environment like Iraq’s. Any flaw in cybersecurity could erode citizens’ confidence in the new system and force them back to cash transactions.

The professor of international economics concluded by saying, “Establishing an internal payments system is a step in the right direction, serving the interests of the Iraqi banking system in terms of regulation, trust, and financial inclusion. It also strengthens Iraq’s image globally. However, its success depends on two fundamental factors:

– Technical and banking infrastructure.
– The degree of community acceptance of him.
Both require time, effort and a clear strategy, not just administrative decisions or imported technologies.”

MNT GOAT: STATUS OF THE RV . PART.4 BY MNT GOAT

STATUS OF THE RV . PART.4

😊Please go the articles section and read the article titled “PROS, CONS, AND CONDITIONS… WHAT IS THE POSSIBILITY OF ESTABLISHING AN INTERNAL PAYMENTS SYSTEM IN IRAQ?” to get the full article and all the details.

On Thursday, July 3, 2025, international economics professor Nawar Al-Saadi spoke about the possibility of establishing an internal payments system in Iraq, (which is the National Card Scheme Project I just talked about above) noting that the project’s “success” requires several conditions.

I encourage everyone to go read all these article concerning this next move by the Central Bank concerning this National Card Scheme project. All of these articles are interconnected and are chock full of information, if you take the time to read them all and understand what is about to happen.

It is all going to have a huge impact on the Iraqi financial system. Even though this system deals in the internal and not external monetary system directly, it may be a driving force for external monetary independence or at the minimum raise many questions about what the U.S. has been doing to prevent Iraqi sovereignty not help it.

But wait…there is more to this situation…..

☹If you read the news in the article titled “WASHINGTON IS “LURING” BAGHDAD INTO SANCTIONS. WHY IS THERE THIS SILENCE ON THE CENTRAL BANK CARDS”. So we find that it is not all as simple as it seems. Economic expert, Ziad Al-Hashemi, warned the Central Bank of Iraq against falling into the trap of US Treasury sanctions.

Now as investors we have to buckle down and ride the wave with the situation with Iran. We have no choice. We can write to our congress and senate reps asking they specific statements about the lack of Iraq sovereignty and why we fought the war to begin with, but please don’t make statements about the RV or reinstatement of the dinar. These events will just happen, almost automatically once full monetary independence is regained again. I believe that the National Card Scheme project is a major step in the right direction.

When I read all these articles dealing with the Iraq monetary sovereignty, I can’t help to vision that the U.S. is trying desperately to keep Iraq on the petro- dollar. Right now the petro-dollar backs up the U.S. dollar with these vast oil reserves of Iraq.

is this why the Federal Reserve still maintains a stronghold on the Iraqi wealth by controlling the funds from the oil revenues by still mandating the petro-dollar even though the UN sanctions are relieved. Yes, the sale of oil should also be included in these changes resulting from the relieve from these UN Chapter VII sanctions. Why hasn’t this yet happened?

If you have been a faithful followers of the Mnt Goat Newsletter, you know about the articles we read the past articles about the Iraqi desire and a plan to get off the petro-dollar. So, it is in the mind of the CBI to do so and I believe eventually they will do it. This would truly be monetary independence for Iraq and it would force the reinstatement if it had not yet already occurred.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

MILITIAMAN UPDATE: We only expect to see a strong and regional and global status for the country of Iraq!!

COUNTERFEIT IRAQI DINARS: CENTRAL BANK HOSTS WORKSHOP

COUNTERFEIT IRAQI DINARS: CENTRAL BANK HOSTS WORKSHOP

The Central Bank of Iraq (CBI) has held a three-day training workshop in Erbil on the “Core Standards for Detecting Counterfeit Currency,” in collaboration with its branch office in the Kurdistan Region.

Organised by the CBI’s Banking Studies Center, the workshop runs from 1st to 3rd July 2025 and includes participation from both public and private banks.

Key topics include procedures for handling and replacing banknotes, as well as counting and sorting mechanisms, in accordance with the amended Central Bank Law No. 56 of 2004.

STATUS OF THE RV . PART. 3 BY MNT GOAT

STATUS OF THE RV . PART. 3

THE NATIONAL CARD SCHEME PROJECT

The Central Bank of Iraq has decided to assert its sovereignty over electronic financial transactions within the country by launching the “National Card Scheme.” This is a positive step, but it is not without loopholes that raise more than one question mark.

According to the bank’s statement, the new system will not be linked to the Visa and MasterCard systems, but will use the same technologies as the Europay-MasterCard-Visa systems to ensure compliance with international standards and enhance security and efficiency. WOW! WOW! WOW! This is a breakaway for the U.S. led banking system. But can you blame Iraq for doing it? Just look at what the U.S. has been doing to Iraq.

😊We read in many articles that Iraq has gained it full sovereignty, but has it really? In the article today titled “THE END OF DOLLAR DEPENDENCE OR THE BEGINNING OF CENSORSHIP? THE NATIONAL PAYMENTS PROJECT RAISES THE QUESTION OF “FINANCIAL SOVEREIGNTY” we find contradictions to any of these statements as a country can not be free if its currency is also not liberated. So, what just happened to piss off the U.S. in this regard with Iraq?

In a pivotal step toward internal monetary independence, the Central Bank of Iraq (CBI) issued an official circular to all banks and electronic payment service providers announcing the commencement of the implementation of the National Card Scheme project. This is a local payment system managed through the national switchboard, completely separate from international platforms such as MasterCard and Visa. WOW! WOW! WOW! Did you read this? Let’s go on….

According to a circular obtained by Baghdad Today , the Central Bank has ordered the launch of a local system for settling bank card payments within Iraq, without going through any international entity. The circular clarified the need to adopt national codes such as (BIN) and (AID) to identify payment cards and link them to the national switchboard, which implicitly means eliminating any reliance on global payment networks such as Visa and MasterCard in local transactions. The circular emphasized that this project is “exclusively local” and that it will be completed by the end of this year, in preparation for its official adoption starting early next year. “Iraq faces no legal or technical obstacles to establishing this type of system, and many countries have preceded us in this,” but he explained that “local systems remain limited and cannot be used outside the country’s borders.”

Economic researcher Ziad Al-Hashemi said on Friday that the Central Bank of Iraq’s launch of the “National Card Scheme” system is a step towards strengthening financial sovereignty and reducing reliance on international payment networks. However, the similarity of this system to the Russian “Mir” system, which is subject to sanctions, may expose Iraq to international accountability and raise American reservations. He pointed out that the lack of full commitment to security and compliance standards, and the lack of clarification of the nature of technical links with external systems, represents a potential loophole that could be exploited for suspicious financial activities.

So, is this just a monetary shift or financial isolation?
The new approach coincides with escalating tensions between Baghdad and Washington, and with the mounting pressure on major Iraqi banks accused of financing entities sanctioned by the US. In this context, the Central Bank appears to have decided to proceed with a project that protects the domestic market from any “potential political freeze.” However, this option, despite its importance in terms of sovereignty, raises questions:

Is it possible to actually dispense with global payment systems?
Is Iraq structurally prepared to operate a closed system capable of meeting domestic demand?
Most importantly, does this project pave the way for a gradual financial decoupling from the dollar even the petro-dollar?

The National Card Scheme project is not merely a technical decision regarding banking infrastructure; it is a step with political, economic, and security dimensions. If completed by the end of the year as planned, Iraq will have taken its first steps toward “internal monetary independence.” WOW! WOW! WOW!