🌍 “Iraq First: New National Security Strategy Strengthens Global Relations” 🤝✨
Highlight Summary with Emojis + Your Social Media Links
🇮🇶 Iraq Reinforces Balanced Global Relations
National Security Advisor Qasim Al-Araji affirmed that Iraq remains committed to building balanced, respectful relations with all countries, based on mutual respect and non-interference.
🏛️ Foreign Ministry Hosts Key Session on Iraq’s 2025–2030 Strategy
The Ministry of Foreign Affairs held a special session to present the Iraqi National Security Strategy (Iraq First), attended by:
National Security Advisor Qasim Al-Araji
Undersecretary for Multilateral & Legal Affairs, Amb. Shorsh Khalid Saeed
Undersecretary Shorsh Khalid Saeed explained that the strategy aims to address security, environmental, economic, and social challenges between 2025–2030. Diplomatic missions offered questions and proposals, which were addressed during the session.
🌐 Iraq’s Regional Role Praised
The Ministry emphasized Iraq’s proactive role in regional stability in recent years and recognized the strong teamwork behind developing the strategy — especially the integration of foreign policy and international cooperation.
🛡️ Al-Araji’s Key Points
Al-Araji expressed gratitude to the Ministry and reviewed:
Major challenges Iraq has overcome
Strengthening of state institutions
Broad participation in the strategy: government, NGOs, and international organizations
Iraq’s commitment to balanced global relations
The Ministry’s important role in global diplomacy
🔑 Five Strategic Pillars Presented
1️⃣ Security & Intelligence 2️⃣ Economic Development 3️⃣ State Relations & International Partnerships 4️⃣ Community Security 5️⃣ Public Services
Al-Araji also stressed the importance of institutional evaluation, volunteer work, and highlighted the successful, stable parliamentary elections as a model of peaceful democratic transition.
He noted Iraq’s significant progress in closing the Al-Hol camp file through national efforts.
📝 Further Explanation Provided
Ali Abdul Aziz Al-Yassiri, Chairman of the Standing Committee for National Security Strategy, delivered a detailed breakdown of the strategy’s components and expected outcomes.
⭐ “Iraq Steps Into the Spotlight: WTO Momentum & Exchange Questions Answered!” 🌍🔥
Highlight Summary with Emojis + Your Social Media Links
🎤 FIREFLY REPORT — Iraq on TV Again
Saleh appeared on TV discussing the first amendment’s passage, explaining how it will help secure Iraq’s entry into the World Trade Organization (WTO). ✨ Benefits mentioned:
Lower prices
Higher-quality goods
Improved market efficiency
🌐 WTO representatives are in Iraq, praising the country’s economic progress and highlighting Iraq’s growing influence in the Middle East.
⏳ How long will we have to exchange the three-zero notes?
There’s a rumor of a 90-day exchange window, coming from trusted boots-on-the-ground contact Omar — BUT 👉 Frank emphasizes it is not confirmed.
🇨🇦 “Who will be the go-to bank in Canada?”
Frank says: Don’t worry!
There will be hundreds of private banks competing for your business.
Canadian banks are strong and will want to exchange currencies once the “blessing” happens.
Canadians can simply search online: “Canadian banks that exchange foreign currency.”
💵 Banks want your business — currency exchange is part of what they do.
🎁 “I was gifted my dinar — can I exchange them?”
Yes, you can. ⚠️ BUT: You may face issues when paying taxes if you don’t have a receipt for the gifted currency. Keep that in mind.
🌟 Bottom Line:
Iraq continues working toward WTO integration, international praise is rising, and currency-exchange questions are gaining clarity as people prepare for potential changes.
FIREFLY:Saleh back on TV. He's talking to us about the passage of the first amendment...that will help us secure Iraq into joining the WTO...He said it improves the market efficiencies by reducing prices and raising the quality of goods...There's a lot of people from the WTO here today.
They're all saying very nice things about us in our economy and how we're going to be making a difference in the Middle East.
Question: "How long do you think we will have to exchange our three zero notes?"
Frank26: There is the rumor, the scuttlebutt, is 90-day window. But I don't know that to be a fact. But it comes from [boots on the ground bank contact] Omar, which I have great respect for.
Question: "Who will be the go-to bank in Canada?"
Don't you worry...There's going to be hundreds of private banks and they're going to be competing against the banks we have in America. And you up in Canada, you got some powerful banks.
Trust me. All you got to do right now, Canadians, just Google, what Canadian Banks exchange foreign currency...And you don't have to worry, when the blessing occurs, all of a sudden all these deniers, they're going to pop up and they're going to be ready to do business with you. They want your business. That's what they do for a living, they exchange currency.
Question: "I was given my dinar. Will I be able to exchange them?" Yeah you can exchange them. But you may have a problem when it comes to paying your taxes. You need your receipt.
Prime Minister Mohammed Shia Al-Sudani reaffirmed on Sunday Iraq’s commitment to pressing ahead with major economic and financial reform plans. 🇮🇶✨
🛠️ Key Points from the Meeting:
🧭 Sudani chaired a high-level session focused on financial dues related to electricity and oil projects, attended by the Ministers of Finance, Oil, Electricity, and top advisors.
💰 Discussions centered on boosting public treasury revenues by increasing Iraq’s export capacity of petroleum products such as diesel, naphtha, black oil, and condensates — made possible after achieving self-sufficiency.
🔄 The team also reviewed mechanisms for revenue flow and emphasized restricting oil product exports exclusively through SOMO to tighten control and maximize benefit.
⚡ Sudani directed the Ministry of Electricity to evaluate new economic models for investment projects as part of broader sectoral development.
🛢️ He stressed the importance of reforms that maximize the value of Iraq’s oil wealth, including increasing the nation’s crude oil refining capacity to produce higher-quality, higher-value derivatives.
🔥 Bottom Line: Iraq is intensifying efforts to modernize its economic framework, optimize oil revenues, and push forward long-awaited structural reforms.
The Prime Minister emphasizes the need to proceed with economic and financial reform plans.
Prime Minister Mohammed Shia al-Sudani stressed on Sunday the need to proceed with economic and financial reform plans, directing the Ministry of Electricity to study economic models for investment projects.
The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA) that “Prime Minister Mohammed Shia Al-Sudani chaired a meeting today, Sunday, dedicated to following up on the financial dues for energy projects (electricity and oil), in the presence of the Minister of Finance, the Ministers of Oil and Electricity, and a number of advisors and executive officials in the ministries.”
The statement added, "During the meeting, ways to maximize public treasury revenues were discussed by increasing export capacity of petroleum products (diesel, naphtha, black oil, condensates) and other products after achieving self-sufficiency."
He continued, "The meeting witnessed a discussion on setting a mechanism for the flow of revenues, and restricting the export of oil products through the State Oil Marketing Company (SOMO)," adding that "with regard to the electricity sector, Al-Sudani directed the Ministry of Electricity to study the economic models for investment projects."
The Prime Minister stressed – according to the statement – the need to proceed with economic and financial reform plans, especially with regard to benefiting from oil wealth, and raising the percentage of crude oil refining in accordance with the targeted plans to produce more high-quality and valuable oil derivatives. link
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 Mark, mods and rv friends!
Member: Any news Mark or are we still in limbo???
MZ: I don’t think we are in limbo- I think we may be in the doldrums for news while they finish it up….
Member: Some used to say there would be lots of confusion ..then quiet before the RV. Hope we are in the quiet part and RV is next.
MZ: Remember we do not know the timing.
MZ: There is zero, zilch news from bond contacts. That is not unusual as I don’t usually get updates until Tuesday or so.
Member: CBI ENFORCES FULL CAPITAL ADEQUACY COMPLIANCE ACROSS ALL BANKS
MZ: I wonder what they are preparing for? Is it a full integration into the global banking system? Is it for ascension into the World Trade Organization? Is it for new and improved values for their currency? Or is it for all 3? (and even some extra things)
MZ: It is interesting timing for things to come together at one time. Coincidence or a plan?
Member: mark z what’s most important HCL law or bonds get REER out. We are getting close to thanksgiving
Member: Some gurus say no RV until after Jan. 1….Iraq Parliament reconvenes on Jan 8. That’s why I think we may be waiting that long.
MZ: “ Government Advisor: Amendment to the Trade Agency Law supports Iraq’s ascension to the World Trade Organization” and “ Al Sudani supports Iraq’s ascension to the World Trade Organization with a new law”
MZ: They are trying to wrap up everything so they can ascend to the WTO. Sudani is in Erbil right now working on the HCL issues.
Member: I wonder if Iraq needs to be in the WTO before they an RV?
Member: I think the WTO is waiting for them to RV and then they let them in the WTO!!!
MZ: We know they have completed all the requirements. We have read multiple documents and articles on that. I think its all optics and timing…and they are holding it to go at the same time as the value changes.
Member: Frank26 thinks the float is already finished in Iraq
MZ: I very much think that float is ready to rip!
Member: I pray we see the rv before the end of the month so all of us have a extra wonderful Holiday season!
Member: Thanksgiving may be the best time to rv. 4 day weekend and congress out of town
Member: They may make us wait till ISO20022, which goes into affect Nov. 22.
Member: Sudani will be on the cover of NewsWeek on Nov. 21.
Member: nothing, nothing, nothing…then Suddenly. Praying for “SUDDENLY” and SOON”
Member: I have a champagne bottle in my frig.....just sitting.....just waiting LOL
Member: Have a nice day to everyone….stay positive and stay safe.
THE IRAQI DINAR WITHOUT ZEROS: THE CENTRAL BANK OF IRAQ LAUNCHES A HISTORIC REFORM.
Research and writing by: Dr. Subhi Jabara
The Central Bank of Iraq has officially confirmed that it is moving forward with its long-awaited “zero-zero” project, a massive financial reform that will fundamentally reshape the country’s economy and its standing on the global stage.
In a series of statements, the Central Bank Governor emphasized that the project is not mere speculation but a concrete initiative that has generated considerable enthusiasm and interest in international financial circles. This ambitious project aims to rename the Iraqi dinar by removing three zeros from its nominal value to better reflect the country’s growing economic strength. This move, which has been the subject of rumors for years, is currently under active development, with comprehensive studies and simulations having been completed. According to the Governor, the process will be gradual and meticulously planned to ensure financial stability while unlocking the currency’s true potential.
For years, the Iraqi dinar has suffered from a decline in its nominal value as a result of decades of conflict and economic instability. The current exchange rate, hovering around an unofficial rate of 1,415 dinars to the US dollar, forces citizens to carry large amounts of cash for their daily transactions and complicates international trade and investment. The “zero-zero” project was designed to address this problem by simplifying the currency and aligning it with the country’s strong economic fundamentals, including robust oil revenues, expanding gold reserves, and deepening trade partnerships with global powers such as China, the United States, and the European Union. While the Central Bank has been careful not to commit to a specific timeline, the confirmation that the project has begun marks a pivotal moment for Iraq. This represents a transition from post-war recovery to a new era of economic independence.
Signs of Reform: How Will “Removing Zeros” Work?
The phrase “removing zeros” may sound alarming, but it is a standard monetary policy tool known as currency revaluation. It is not a confiscation of wealth, but rather a recalibration of the currency’s nominal value. In essence, 1,000 old Iraqi dinars will become 1 new dinar. Crucially, all prices, wages, and savings will be adjusted proportionally, ensuring that individuals’ purchasing power remains stable at the moment of the shift. The real shift occurs in the subsequent adjustment of the exchange rate.
The Central Bank has developed several scenarios, with internal studies predicting that the floating dinar could stabilize automatically at a value in the distant future between 3.22 and 4.25 dinars to the dollar. The governor clarified that these figures are not a declared rate but rather an indicator of the currency’s potential if it is allowed to float freely based on market demand and Iraq’s economic fundamentals. Two main paths are being considered for the next phase.
Economists close to the central bank indicate that both options remain on the table. The choice will depend on the government’s strategic priorities, whether it favors a gradual, market-driven adjustment or a swift and decisive reset.
Either path would trigger one of the most significant currency transformations in the modern Middle East. The economic driver: Why is now the right time for a stronger dinar? The timing of this reform is not coincidental. The Iraqi economy is at an evolutionary turning point. The country’s fiscal position has steadily improved, driven by several key factors: Strong oil revenues: As a leading producer in OPEC, Iraq’s steady oil revenues provide a stable foundation for its economy and strong support for its currency. Growing gold reserves: The central bank is actively expanding its gold reserves, a traditional safe asset that enhances monetary stability and international credibility. Deepening trade partnerships: Iraq has developed strong trade relations with major global economies, including China, the United States, and the European Union, diversifying its economic interactions and reducing its dependence on any single partner. Despite this strength, the nominal value of the dinar has been lagged, widening the gap between the official exchange rate and its true value. Each time Iraq’s GDP grows or its foreign reserves increase, this discrepancy becomes more pronounced.
The “zero-zero” project is the mechanism to close this gap, allowing the currency to finally reflect the country’s true wealth and economic progress. This reform is expected to have profound global implications. Revaluing the Iraqi dinar would:
• Boost regional investment: A stable and strong currency would make Iraq a more attractive destination for foreign investment, thereby fostering economic growth throughout the region.
• Reduces dependence on the dollar: By re-pegging its currency into a diversified basket of currencies or commodities, Iraq can reduce its reliance on the US dollar for oil settlements, a move with significant geopolitical implications.
• Inspires monetary reform: It could inspire neighboring economies to reassess their monetary structures, potentially triggering a wave of fiscal modernization across the Middle East. For Iraq itself, this is more than just an economic adjustment; It is a step toward a historic fiscal renaissance, signaling Iraq’s transition from post-war recovery to a future of economic independence and self-determination. A new chapter for Iraq: The way forward.
The central bank governor has emphasized that this reform is not a rash or hasty move; Every step is carefully measured, documented, and designed to maintain stability and public confidence. While the precise implementation timeline remains confidential, the confirmation that the project has begun and the preliminary studies are complete indicates that implementation is closer than ever. When the reform takes place, whether through a gradual float or a sudden restructuring, it will permanently alter Iraq’s fiscal identity.
The phrase “removing zeros,” as simple as it sounds, represents one of the most ambitious and complex financial engineering projects in the country’s modern history. The central bank is not just changing numbers; It is redefining how Iraq interacts with the global economy. The world is watching closely. The potential shift in the dinar’s value, with projections ranging between 3.22 and 4.25 to the dollar, has captured the attention of investors, economists, and governments worldwide. This is not just an economic story; it is history in motion. As Iraq stands on the precipice of this financial transformation, the message is clear: the nation is ready to transcend its past and write a new chapter of prosperity and strength.
