🇺🇸🤝🇮🇶 US PRESIDENT REAFFIRMS STRATEGIC PARTNERSHIP WITH IRAQ
On Iraq’s 93rd National Day, President Abdul Latif Jamal Rashid received warm congratulations from former US President Donald Trump. In his message, Trump highlighted:
✨ Iraq’s remarkable achievements this year, including hosting the Arab League Summit in Baghdad 🌍 Strengthened regional dialogue and cooperation 💼 The growing economic partnership between the US and Iraq, confirmed by the US-Iraq Business Council visit
Trump reaffirmed the US’s steadfast commitment to Iraq’s strategic partnership, focusing on: 🔹 Promoting regional stability 🔹 Enhancing energy security 🔹 Preventing the return of ISIS
exchange rate, meaning the dinar won’t move freely against the dollar but will find value through the basket system 🛑💱.
Bottom line? The dinar reset might come without a float, settling at a solid new rate reflecting true economic strength — not just a dollar peg. Big moves ahead! 🌍💥
⏳💸 HAWRAMI: AUGUST SALARY DELAYS DUE TO LIQUIDITY ISSUES IN BAGHDAD — BUT SOLUTION IS COMING SOON! 🇮🇶✨
Peshwa Hawrami, spokesperson for the Kurdistan Regional Government (KRG), explained that the delay in paying August salaries to Kurdistan employees is caused by a lack of financial liquidity at the federal Ministry of Finance in Baghdad 🏛️💰.
➡️ The good news: the problem isn’t difficult and will be resolved soon. ➡️ KRG is working hard to secure 120 billion dinars in non-oil revenues to send to Baghdad and ensure salaries are paid without delays 💪💵. ➡️ The KRG Council of Ministers approved steps to guarantee salary security and essential services for citizens 👥⚙️.
Hawrami confirmed the October payroll is ready and as soon as August funds arrive, they will prepare the money for upcoming payments 📅✔️.
The KRG calls on the federal government to prioritize transferring non-oil revenues,
reminding that the tripartite oil export agreement is being fully implemented and revenues are already deposited with the federal Ministry of Finance 🛢️🌍.
We stay hopeful and watchful for the employees and people of Iraq. 🙏🇮🇶
💥 March 2012 Flashback: Iraq’s Zero Removal & Gold Boost 💰✨
Back in 2012, the Iraqi Central Bank (CBI) was gearing up to remove zeros from the dinar — but only with government approval and a parliamentary referendum ✅🏛️.
Here’s the scoop:
🔢 Zero removal = technical step to simplify money, not an instant value change. Real rate adjustment expected later.
🪙 Gold reserves doubled from 90 to 170 tons as a safety net to back the currency and fight inflation 📈🛡️.
🤔 Citizens were holding onto old notes, waiting for the new rate — the CBI needed incentives (likely a rate bump) to bring cash back into banks 💵➡️🏦.
📉 Inflation was key — the CBI planned careful monitoring before adjusting foreign exchange rates.
🏦 Banking reforms included a new National Bank to protect incoming funds, while weaker banks faced closure or consolidation 🔄.
🔄 All signs pointed to a major currency & economic reset, a long-term plan inching closer to reality.
This 2012 blueprint mirrors the moves we’re seeing now in 2025 — proving the groundwork has been laid for years! ⏳🚀
🚨 Liquidity Alert: August Salary Delays & The Zero Removal Puzzle 🏦💸
Recent news reveals a critical liquidity crunch in Baghdad impacting August salary payments to Kurdistan Region employees ⏳💰. Peshwa Hawrami of the KRG says the problem “will be resolved soon” — but how? 🤔
Here’s the connection:
The federal Ministry of Finance is low on cash — could this be why the Central Bank of Iraq is pushing to retrieve hoarded notes through the Zero Removal project? 🏦🔢
A new National Bank opening before year-end is ready to handle the incoming liquidity 💳🏦.
These pieces suggest the long-awaited zero removal and currency reform may finally be moving forward 🚀.
Are you seeing the big picture? The clock is ticking, and the financial gears are turning! ⏰✨
Let’s keep praying for Iraq’s prosperity and bright future 🙏🇮🇶.
💥 REMOVING ZEROS & GOLD RESERVES: Will the Iraqi Dinar Survive? 💰🇮🇶
The Central Bank of Iraq is at a critical crossroads — planning to remove zeros from the dinar 💸, while doubling gold reserves from 90 to 170 tons 🪙✨! This move aims to ease the burden on banks by reducing storage & transport costs and improve cash flow efficiency 🚛🏦.
Deputy Governor Ammar Khalaf confirms:
No plan to float the dinar exchange rate 🚫💱.
Removing zeros is a technical reform to simplify money handling, not a magic fix for inflation or economic crises ⚙️📉.
Zero removal doesn’t increase purchasing power, but helps reduce errors and ease transactions ✅🧾.
Success hinges on comprehensive economic reforms and inflation control to avoid “silent inflation” traps 🔍🔥.
Other countries like Turkey 🇹🇷 and Ghana 🇬🇭 succeeded with good planning; Zimbabwe 🇿🇼 and Venezuela 🇻🇪 failed without it.
This step could be a game changer if combined with strong financial discipline, or just a cosmetic move masking deeper issues 🤔⚠️. Strengthened gold reserves provide moral support but can’t replace strict fiscal control and public trust 🛡️💼.
Iraq stands at a monetary crossroads — will this reform boost confidence or just delay tougher choices? Time will tell... ⏳🌍