Tuesday, August 5, 2025
Breaking News: Iraq’s State-Owned Bank Settles 87% of External Debt — A Game-Changer for National Financial Stability! 🚀🇮🇶
A STATE-OWNED BANK ANNOUNCES THE SETTLEMENT OF 87% OF IRAQ’S EXTERNAL DEBT.
Rafidain Bank announced on Wednesday that it had achieved “substantial” progress on its foreign debt portfolio, settling approximately 87% of total international obligations through high-level financial and legal negotiations, resulting in a significant reduction in the volume of foreign debt.
The bank said in a statement today, “In the context of Iraq’s commitment to the Paris Club Agreement, and with the direct approval of the Council of Ministers, the bank concluded major negotiated settlements with Dutch and French creditor companies, the most prominent of which was: Cabinet Resolution No. (403) of 2025: Settlement of three lawsuits filed by Dutch companies with a concession rate in favor of the bank exceeding 90% of the value of those claims.
The statement explained that “the bank has achieved significant legal successes abroad, most notably winning lawsuits in Turkey and Lebanon, enabling it to recover more than $2.8 million, reflecting the competence of its legal apparatus and its ability to defend the state’s rights before international courts.”
The bank affirmed in its statement that it “continues its efforts to close the remaining issues through final settlements, which will strengthen Iraq’s sovereign rating and consolidate international confidence in its financial stability and commitment to sound financial governance.”
“Bruce: Dinar Contract Rate Could Be 9x Higher Than Banks! Here’s Why You Wait…” 💸📞
✅ Bruce (via WiserNow) – Highlights (Aug 2025):
🔹 Bruce confirms there IS a live rate on the dinar at banks — he’s seen it at just over $9 USD per IQD.
🔹 However, redemption centers (not banks) hold the contract rate, created under a Trump-era agreement.
🔹 This contract rate is approx. 9x higher than the current bank rate. 🚨
🔹 Banks will NEVER offer that contract rate — it’s exclusively available through redemption centers.
🔹 To access it, you must call the toll-free number (800#) once it’s released and schedule your appointment.
🔹 Rate updates are expected when Forex reopens Sunday at 5 PM ET.
🔹 New dinar rates should reflect at banks and redemption centers by Monday.
🔹 Bruce advises: Wait for the official 800#, call to book your appointment — don’t settle for bank screen rates.
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Bruce
[via WiserNow]
We understood that there was, and may still be, a rate on the dinar at banks. And I've heard what it is. I haven't seen 10, but I've seen a little over nine at the bank.
Now we also heard that we know that there is a contract rate at the redemption centers that is not available at the banks and never will be - the redemption centers had the deal that President Trump put in place so that Dinar holders could get a very high value.
And I mentioned that it was approximately 9 times higher than the bank rate that was out there as of Tuesday, that was around 10 and I said this rate that we know, and it was a little bit over nine times that rate at the redemption center.
I wanted to clarify the reason to use the toll free number when we get it and call to set up your appointment for the redemption center... you're going to be so much better off with the rates. We're hearing it's supposed to adjust...when the Forex reopens again... Sunday at 5pm Eastern...
we are understanding from our...sources, that we're going to have a new rate on the dinar after the Forex reopens...We probably won't know about it until Monday, and would be reflected at Banks – they would have a rate and redemption centers would have a rate, just a normal front screen rate...I'm told that we should...call the call center to set up our appointment starting Monday afternoon...
Monday, August 4, 2025
“Iraq’s Ministry of Finance & National Bank Join Forces to Unlock Massive Investment with New Sovereign Guarantees Program!” 💼🇮🇶
✅ Key Points:
Strategic agreement signed between Iraq’s Ministry of Finance and the National Bank of Iraq to activate the Sovereign Guarantees Program — a game-changer for funding national projects.
Program will enable Iraqi banks to offer long-term credit backed by government guarantees, reducing risks for international lenders and attracting more foreign and local investors.
Focus on boosting critical sectors: industry, energy, housing, and other government-prioritized areas.
Strengthens public-private partnerships and empowers the local banking sector to play a bigger role in economic growth.
Aligns with Iraq’s broader financial reforms aimed at diversifying income sources and increasing non-oil revenue streams for sustainable development.
This initiative is a major step towards building confidence in Iraq’s economy and accelerating the nation’s vision for progress.
“Pimpy Predicts $3 Dinar? Why He’s NOT Cashing In Just Yet…” 💸⏳
✅ Highlights – Pimpy’s Take on the Iraqi Dinar (Aug 2025):
🔹 Pimpy believes the RV may happen once Iraq’s Central Bank Digital Currency (CBDC) is fully implemented.
🔹 He clarifies: YOU don’t need a CBDC to exchange — that’s Iraq’s system, not yours.
🔹 Warns against jumping on the first exchange offer if they delete the zeros.
🔹 Even at a starting rate of
$0.76 per dinar, he’s waiting it out.
🔹 Pimpy expects the rate could climb — possibly back to $3.00 per IQD.
🔹 Says if that happens, you’ll see him sprinting to the bank. 🏦🏃♂️💰
🔹 His strategy: Be patient. Watch the rate. Don’t rush.
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