DINAR REVALUATION

Monday, July 21, 2025

Iraq's Accession To International Financial Institutions Enhances Economic Development Opportunities

Iraq's Accession To International Financial Institutions Enhances Economic Development Opportunities.

Economic 07/20/2025 Baghdad: Economic Morning As part of its efforts to strengthen its financial presence on the international stage and diversify funding sources for its service and construction projects, Iraq has taken a significant step by joining two of the most prominent multilateral financial institutions: the European Bank for Reconstruction and Development and the Asian Infrastructure Investment Bank.

Although the direct repercussions of this step are still in the developmental stage,economists see it as a prelude to attracting long-term financing, bolstering development efforts in vital sectors such as energy,
infrastructure, and transportation, and opening the doors to international partnerships for Iraq in the post-crisis phase.

Projects And Bridges

Economic expert Dr. Majid Al-Baydani explained to Al-Sabah regarding Iraq’s accession to the Asian Development Bank:

“The projects currently underway in Baghdad, such as bridges and others, have no connection to the Asian Development Bank’s projects, as their funds are allocated by the state in the project budget according to the investment portion of the budget.

The Asian Development Bank has no role in implementing or establishing the aforementioned projects,
as the contractor may be Chinese, the implementing company may be Chinese, or another international nationality.”

He added, "The implementation of projects by the Asian Development Bank is subject to certain conditions, including that the bank selects the implementing companies,   along with their own mechanisms and engineering efforts, unlike what some might imagine.

Furthermore, the bank's projects are implemented through loans from the bank and on its own terms."

Long Term

Economic expert Ahmed Makalaf believes that “there has not yet been any direct benefit from Iraq’s joining the Asian Infrastructure Investment Bank.

Rather, the benefit is long-term, not immediate.

The real benefit is in giving Iraq an  international standing and a  good reputation from an economic perspective.”

“The development road will be a gateway for the Asian Development Bank to enter Iraq with projects,”
the official added in an interview with Al-Sabah.

“It is likely that the country will borrow from the bank to implement projects related to the road, and will likely build cooperation through this bank in financing parts of the activity for major projects related to the development road, contributing to strengthening the economy within the international environment and building strong international relations in the future.”

Membership Shares

For his part, Dr. Mazhar Mohammed Saleh, Advisor to the Prime Minister, stated that as far as the distribution of capital among the participating countries in the Asian Infrastructure Investment Bank is concerned,     the bank's total capital amounts to $100 billion, with 20% allocated as paid-in capital and the remainder as callable capital.

Each country is obligated to contribute its share of the paid-in capital upon joining. He added:

Sustainable Development

"The Asian Infrastructure Investment Bank (AIIB) is an international institution that aims to support infrastructure projects and  sustainable development in Asia and beyond.

The bank, headquartered in Beijing, provides concessional loans to finance infrastructure projects for member countries. This accession is a strategic step for Iraq to advance its development projects in areas such as transportation, energy, and water."

European Bank

Regarding the benefits of Iraq joining the European Bank, Saleh said:

“There is a positive correlation between building a development strategy, which is embodied today by the government’s philosophy of launching a development initiative with comprehensive sectoral economic links, called the “Development Road” project, which is the corridor and  strategic project that  links the European Union countries with Asia via Iraq and the Gulf maritime corridors and vice versa, on the one hand,

and the requirements for implementing the various stages of the development road through the role that Iraq’s membership in the European Bank for Reconstruction and Development occupies, on the other hand, especially in terms of the  advantages of obtaining European technology and  ensuring the role of companies from European Union countries in implementing the development road in all its aspects, whether in   infrastructure, industrial production projects, or  various logistical services.”
https://alsabaah.iq/117657-.html

SANDY INGRAM: How One System Controls Global Money Including the IQD

There are ongoing financial tensions between Iraq and the U.S. Treasury Department, particularly involving the Iraqi Dinar (IQD). Recent developments shed light on why Iraq has implemented certain financial and regulatory measures in response to increasing scrutiny and restrictions from the United States.

These actions carry significant implications—not only for Iraq’s national economy but also for individuals who hold or invest in the IQD.

One growing concern is the heightened surveillance and recording of personal financial transactions, raising questions about privacy and the future of personal finance management on a global scale.

Understanding the geopolitical and economic dynamics behind Iraq’s financial strategies is essential.

These policies are shaped by external pressure, internal goals for economic reform, and efforts to stabilize the currency.

This situation highlights the importance of evaluating political, economic, and privacy-related factors when considering investments in foreign currencies and navigating global financial systems.

MILITIAMAN: “Global Stage Ready? Iraq’s Financial System Goes Digital – #IQD Moves Next! 🚀”

IMF: Iraq Has Maintained Stability And Inflation Is Low

IMF: Iraq Has Maintained Stability And Inflation Is Low

July 19, 2025 Baghdad/Iraq Observer The International Monetary Fund confirmed on Saturday that
Iraq has succeeded in maintaining its internal stability despite regional tensions, while noting that the
inflation rate in Iraq has remained low.

The IMF stated in a report reviewed by Iraq Observer that “Iraq has succeeded in maintaining its internal stability despite regional tensions and unstable global conditions,” noting that “the inflation rate has remained low in Iraq,” stressing “the need to implement fundamental reforms to increase non-oil revenues and control the public wage bill,” indicating that “current and investment spending plans for 2025 should be reviewed.” He stressed that

"it is necessary and urgent to reform the public pension system by raising the retirement age and reducing the accumulation and replacement rates," praising "the

Central Bank of Iraq's success in fully transitioning to the new trade finance system and its contribution to narrowing the gap between the official and parallel exchange rates."

The Fund stated that "the Central Bank of Iraq has begun studying reform options to strengthen the private banking sector," stressing, "We encourage Iraq to accelerate its efforts to improve the issuance and collection of electricity bills."

He explained that "progress has been made in implementing the National Anti-Corruption strategy and improving the Corruption Perceptions Index," adding that "it is essential to focus on bridging the most pressing statistical gaps and integrating pilot initiatives." https://observeriraq.net/صندوق-النقد-العراق-حافظ-على-استقراره-و/

MIKE BARA: “10 Days to Financial Shockwave: Dinar, Dong, Gold & GESARA Incoming 💥💰”

Mike Bara – News Update:

…Another contact (I won’t say who) had a long conversation with their boss. This boss is directly connected to the U.S. Treasury. He’s not a Treasury employee, but he has been in meetings where very important people were present. I’ll let you imagine who that might be.

Here’s what he said — and I’m going to relay it pretty much word for word:

In the next 10 days, we will see the following (in no specific order, so we don’t know what happens first — though we all suspect Iraq will go first):

What you can expect in the next 10 days:

The U.S. dollar will be gold-backed,
The Iraqi dinar will go,
The Vietnamese dong will go,
Bonds will go,
The QFS (Quantum Financial System) will launch,
GESARA will come into effect,
Med Beds will begin operation,

And you can also include:

The Venezuelan Bolívar,
Zim Agro,
Zim.

I went back to confirm, and he reaffirmed: everything will go, everything will happen at once.
When it happens — it all happens together.

🙏🙏🙏💵💵

DINAR REVALUATION REPORT: “Dinar Ready to Explode? XRP Lined Up to Catch the Surge! 🚀💵”

Hard Currency Is Being Drained With The Blessing Of The National Bank. Experts Warn Of A Catastrophe That Will Cripple The Iraqi Economy

Hard Currency Is Being Drained With The Blessing Of The National Bank. Experts Warn Of A Catastrophe That Will Cripple The Iraqi Economy.

Economy 2025-07-19 | 06:10 1,903 views Alsumaria News – Economic Bank's monopoly
The National on dollar transfers has sparked widespread controversy in Iraqi economic and commercial circles, amid accusations that it dominates foreign currency sales and transfers, threatening the principle of fair competition and increasing pressure on the local market.

Observers believe this monopoly has contributed to rising exchange rates and limited options for traders and citizens.

Meanwhile, financial experts assert that the lack of effective oversight and the overlapping interests of influential parties have given the bank near-absolute control over the dollar's movement.

Observers noted that almost complete monopoly "the National Bank, with the support of influential parties, was able to obtain near-exclusive control over foreign remittances from Iraq, while a number of Iraqi banks were restricted and barred from accessing the electronic remittance platform."

He added, "This monopoly is not merely technical in nature, but is also due to pressure from political backgrounds and influential figures with ties to the bank's senior management, raising concerns about administrative and financial corruption."

The Impact Of Monopoly On The Market And Iraqis

This, according to experts, confirms the weak competitiveness of Iraqi banks.

Reducing the profit margin and development opportunities for local banks, due to their being barred from participating,weakens their ability to provide local services or improve their infrastructure.

It also leads to a deterioration in services for beneficiaries, as transfer and deposit transactions have been subject to repeated delays and postponements, substandard customer service, and complaints of electronic system outages and erratic transfers.

They continued, "The manipulation of remittances also leads to a drain on hard currency, as the National Bank is estimated to be transferring huge sums of dollars abroad, taking advantage of exchange rate differences and dollar auctions without adequate oversight."

They noted that "there are huge economic losses estimated at billions of dinars annually
—such as 7.5 billion dinars stolen from Iraqi profits and sent directly to Amman
—that are draining the Jordanian economy."

Dividend Distribution – Who Benefits?

The National Bank of Iraq (NBI) achieved huge profits following the acquisition; its net profit after tax for 2023 reached approximately 190 billion dinars, compared to 27.5 billion dinars in 2022.

Revenues from the currency window also increased 26-fold to approximately 93 billion dinars, 67% of which is transferred to non-Iraqi entities.

External destination: A large percentage of these profits go to Jordan, according to representatives and experts, and are added to the budgets of the parent companies, representing a clear drain on liquidity and foreign currency in excess of the local markets' needs.

The Size Of The Monopoly And The Impact Of The Law

waived Article 107 of the Banking Law any limits on foreign investor ownership (up to 100%),
enabling foreign-owned banks to dominate, while such licenses are practically prohibited for Iraqi banks.

granted The Central Bank licenses and controlled currency auctions in a non-transparent manner, and
amended laws to support the interests of certain parties at the expense of national financial sovereignty.

Supervisory Calls

Observers called for "an urgent parliamentary investigation into the procedures that led to the
National Bank's leadership, documenting financial transactions, identifying the parties involved, reviewing the banking law and amending Article 107 to end foreign control and enable Iraqi banks to compete, as well as abolishing the monopoly currency window and replacing remittance distribution with a transparent system managed by the government or a unified platform without the control of a private bank."

They stressed the "need to refer the National Bank to direct oversight by the Central Bank, strengthen monitoring of transfers and the exchange rate, and impose penalties on violators."

The National Bank of Iraq's ongoing monopoly over foreign remittances negatively impacts the national economy and leads to the transfer of huge profits abroad.

This has prompted calls for parliamentary action to investigate the matter through judicial and legislative means, as well as for fundamental reforms to regulatory institutions and the banking system. Experts stated that "Iraqi depositors are the losers in this financial game, while dinars and hard currencies are being siphoned off under the guise of legal transfers."
https://www.alsumaria.tv/news/economy/534072/العملة-الصعبة-تُستنزف-بمباركة-المصرف-الأهلي-خبراء-يحذرون-من-كارثة-تشل