FIREFLY:Television says Trump is imposing 30% traffics on us here in Iraq.
FRANK: All you have to do is just raise the value of your currency you knuckleheads...
Did you notice the tariffs he did put on you when he hit everybody else with tariffs was minuscule?
But he's sending out a bunch of letters now and you're on that list.
Why? Because you haven't raised the value of your currency...As soon as you're ready to come out and float and be part of the international world with some reality...and [Trump] will remove the 30%.
US ANGER AT IRAQ IF IT USES RUSSIA’S PAYMENT SYSTEM
Details from Ziad Al-Hashemi
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. He called for enhancing transparency and raising the level of caution to avoid any external escalation or suspicions related to the use of this system.
Al-Hashemi stated in a post on the X platform:
🔴 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.
🔴 The new system is somewhat similar to the Russian MIR system, which enhances national monetary sovereignty and significantly reduces reliance on global payment networks such as Visa and Mastercard, but at the same time, it is linked to some external domestic systems.
🔴 However, the Central Bank did not clarify whether the new electronic card system will adhere to security and compliance regulations such as PCI-DSS, or whether these regulations will be imposed on card users.
🔴 The lack of clear and full compliance with these standards may create future loopholes that could be exploited for innovative fraudulent operations, as has happened in the past.
🔴 The Central Bank of Iraq is also called upon to enhance the transparency of this system and raise the level of prudence to ensure there is no intention to bypass the global financial system. These measures are essential to enhancing the reliability, safety, and security of the new domestic system.
🔴 In the absence of these measures, the new local system will be subject to international scrutiny and accountability, especially if suspicious local transactions or direct or indirect ties to sanctioned payment systems such as Russia’s Mir and Iran’s Shtab emerge.
They already have tremendous security and stability which is the Central Banks's minimum requirements to be eligible to revalue their currency...
Israel and Iran have recently finished their war..
.
Now that the war is done and they've reached a ceasefire agreement on that war, we're no longer waiting on that step for the rate change. That's now behind us...
EXCLUSIVELY IN DINARS: A STATEMENT FROM THE CENTRAL BANK OF IRAQ REGARDING THE “NATIONAL CARD” FOR ELECTRONIC PAYMENT
Do not cancel Visa and MasterCard
On Friday, July 4, 2025, the Central Bank of Iraq issued a clarification regarding the National Electronic Payment Card Project, noting that the project does not cancel or restrict existing international cards.
In context: The suspension of Iraqi payment cards internationally comes into effect
The bank said in a statement received by Al-Jabal, “The National Electronic Payment Card Project is an additional local option used exclusively within Iraq and in Iraqi dinars. It does not cancel or restrict existing international cards such as Visa and Mastercard . There are also no plans to cancel these cards or prohibit transactions in dollars outside Iraq, as their holders can still use them inside and outside the country as is currently the case.”
He added, “The project aims to reduce payment costs, enhance financial inclusion, diversify options for the public, and provide national cards to all institutions and segments within Iraq, while international cards remain the primary means of spending in dollars or other currencies outside Iraq and for purchases via global websites.”
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning one and all……hoping today is a great day
Member: I think I may be more confused now than in 2020! I know they said it be chaotic, but Damn
Member: Are paymasters those that will pay us- Will Zurich kick off the RV?????
MZ: Paymasters are for private, pre-arranged exchanges. More for bond holders than currencies. It’s the banks that will pay us.
Member: Mark, who is exactly in charge of the RV? Military, Treasury, Foreign actions, etc.? Hard to know sometimes.
Member: I am also wondering- who exactly is pulling the cord for the RV? Hard to know sometimes…Trump, Iraq, BRICS, Military, Treasury…. Who’s on first?
Member: Everything is on the pulse of July 14th deadline for ISO20022 Basel III compliance for all US banks...14th...15th???
Member: My wife bank is scrambling for ISO 20022
Member: one of my banks sent message they were closing ATMs and mobile banking 11th/13th....now my other bank sent similar message
Member: I think that the iso needs to come in to bring in blockchain, and I think it is necessary for the qfs. and then after that I think this is necessary for r. revaluation
Member: I believe it won’t go until ISO20020 is achieved
Member: Are we going to see a rate this week?
MZ: I don’t know. A very large segment of my bond groups think we will get a rate over the weekend.. But nothing concrete. It’s very clear they are trying to cloud the timing.
MZ: There are more expectations they will get spendable, usable dollars …some say they signed final contracts and should get funds this weekend. Other contacts are quiet and have gone MIA.
Member: This weekend works for me!!!!
MZ: Cross your fingers and hope.
Member: with all the banks updating this weekend….for Fednow and Iso202200….its possible.
Member: When is Iraq going to announce that the oil is flowing. Are the waiting on a rate first?
Member: July14th, top court to hear key cases on delayed Kurdistan salaries. Erbil, Kurdistan Region - Iraq’s Federal Supreme Court is set to review two critical lawsuits on Mon concerning the delayed payout
Member: How is Iraq able to put in so much infrastructure with low currency valuation?
Member: Iraq could keep a suppressed rate when using dollars but they are no longer using the dollars. They have to increase their rate or they’ll go down.IMO
Member: Anyone ever get the feeling Iraq doesn’t want to revalue their currency?
MZ: Many countries are positioning for Iraq being on the international stage. Including India and Kuwait. Many are waiting on this new rate. Of course it is happening
MZ: “American Magazine: Iraq quietly restores its role in International trade” Lots happening behind the scenes like the development road project.
MZ: “The KRG (Kurdistan) has notified the US that they will only allow Baghdad 48 hours to make a decision regarding the issue of funding the Kurdistan regions cival servant employees salaries” This is 48 hours from yesterday afternoon. This should force a conclusion for the oil and gas law…hopefully this week. We should get a decision within 48 hours.
MZ: Lots of thigs appear to be aligning. We need to get off “stuck”
MZ: This one is showing up in my inbox from some panicked individuals. “ IMF comments on Iraq dinar exchange rate” It projects the average exchange rate of the dinar against the US dollar as 1300….the same as 2024. Just a reminder- A similar statement came out the week before and the day of the Kuwait revaluation.
Member: Heard someone say that the RV could occur after the XRP/Ripple case is likely resolved next week. It just goes to show what don't know when or what the trigger will be.
Member: thanks for the encouraging news today Mark. Everyone enjoy your day.
Member: Stay positive and never quit!!!
StacieZ joins the stream today. Please listen to the replay for her information and opinions.
