Wednesday, December 17, 2025

FRANK26….12-17-25……AGAINST THE LAW

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WHAT AWAITS IRAQIS IS “WORSE THAN OCCUPATION”… A SUMMARY OF WASHINGTON’S MESSAGES AND ACTIONS TOWARDS BAGHDAD – URGENT

Deadly weapon….

WHAT AWAITS IRAQIS IS “WORSE THAN OCCUPATION”… A SUMMARY OF WASHINGTON’S MESSAGES AND ACTIONS TOWARDS BAGHDAD – URGENT 

While political forces in Baghdad are preoccupied with negotiations to form a new government and address post-election obligations, an Iraqi voice from Washington, privy to the inner workings of American decision-making, paints a harsher picture. Intifadh Qanbar , a resident of the US capital and privy to the behind-the-scenes workings of the Iraqi situation, succinctly summarizes these fears with a shocking statement: what awaits Iraq could be “worse than occupation,”

 because the next battle may not be fought with tanks on the ground, but rather with a financial weapon: cutting off the dollar supply to Baghdad if the political class fails to meet the conditions presented by US President Donald Trump’s envoy, Mark Savaya. This assessment raises a weighty question: what does it mean for the flow of dollars from the US Federal Reserve to become a central bargaining chip in Washington’s relationship with Baghdad under the current Trump administration, and how might such a battle impact a fragile economy that is almost entirely dependent on the US currency?

From America to Baghdad… a warning about a “deadly weapon”

In numerous media appearances and commentaries, Intifadh Qanbar emphasized that Iraq faces not so much the threat of a new military invasion as it does a financial one that could paralyze the state from within. His warning is not about a theoretical possibility, but rather an escalating trajectory whose signs began to appear years ago when the US Treasury and the Federal Reserve tightened restrictions on the currency auction and excluded several Iraqi banks from dollar transactions under the pretext of their involvement in currency smuggling and financing networks linked to Iran.

 From this perspective, Qanbar’s talk of “something worse than occupation” becomes an attempt to describe a scenario that requires no soldiers on the ground: it would suffice for Washington to gradually or suddenly tighten the flow of dollars, and for employee salaries, food and medicine imports, the value of the dinar, and the daily lives of citizens to become hostage to a political-financial decision made in New York and Washington.

The Iraqi dollar dilemma… when oil revenues pass through the Federal Reserve gate

Since 2003, a special mechanism has been in place for managing Iraqi oil revenues. The funds are deposited in accounts at the Federal Reserve Bank of New York before being used to finance Iraq’s imports and meet the budget’s dollar needs. This arrangement has made the United States an involuntary partner in Iraq’s financial cycle, and the Fed accounts a mandatory gateway for every dollar entering Baghdad.

Simultaneously, the Central Bank of Iraq continued to operate a currency auction to cover imports and private sector transfers, which opened the door to smuggling, corruption, and exploitation of the gap between the official and parallel exchange rates. With mounting suspicions that billions of dollars were leaving Iraq for neighboring countries through money laundering and the financing of sanctioned networks, Washington began to view this as a vulnerability that could be used as both a tool for punishment and control.

In recent years, the US Treasury has translated this vision into concrete steps:

Tightening controls on the electronic platform for foreign transfers, barring several banks from accessing dollars, imposing rigorous scrutiny on every transfer transaction, and even rejecting requests suspected of being linked to sanctioned entities or smuggling networks. This experience has shown Iraqis, in practice, what it means for the life of the economy to hang by a single thread called “Federal Authority approval,”

 and it has given Qanbar’s words today added weight, because Iraqis have seen firsthand how a series of US measures can drive up the dollar on the parallel market, disrupt markets, and put pressure on the government within weeks.

Savaya’s conditions… from factions to the dollar

At this critical juncture, Trump’s envoy to Iraq, Mark Savaya, arrived with a list of demands that reportedly represent the new administration’s core thinking toward Baghdad: a unified state and a single armed force; a halt to the funding of armed factions with public funds; control over the smuggling of dollars to Iran, Syria, and Lebanon; and a clearer definition of Iraq’s role in the equation of the conflict between Washington and Tehran. While these conditions have not been officially announced in full, they are being circulated behind the scenes as the “ceiling” of the American position in the coming phase, with the Federal Reserve’s leverage and the dollar’s influence being the most effective tools to push Baghdad toward this ceiling.

From this perspective, Qanbar interprets the situation as a shift from a phase of “advising and warning” to one of “dictating through financial instruments.” If the dominant forces in Baghdad—politically and militarily—accept the American conditions, the dollar can continue to flow with some restrictions and controls. However, if they decide to persist in their duplicitous stance, Qanbar believes that the American response this time will not take the form of statements and protest notes, but rather a gradual tightening of dollar channels, which could, at its most extreme, lead to a severe restriction or near-freezing of the use of Iraqi dollar reserves.

What does “cutting the dollar” mean in practice?

When Qanbar warns against “cutting off dollars to Iraq,” he is not necessarily referring to a complete and immediate halt to all transfers, as this would be a costly scenario for everyone and would unleash global financial chaos, something Washington does not want. What he is talking about is closer to a gradual punitive approach, which could include:

A wider crackdown on Iraqi banks and the denial of more of their ability to deal in dollars, which turns them into local institutions unable to finance foreign trade; tightening the ceilings on transfers allowed through the platform, which pushes traders to the black market, raises the exchange rate and weakens the dinar; and perhaps at an advanced stage, using the reserves card itself, by imposing certain formulas for their use or threatening to freeze part of them if it is considered that the Iraqi government is proceeding with policies that contradict American demands.

In such a scenario, the difference between military occupation and financial pressure becomes clear: the former destroys infrastructure and leads to direct armed clashes, while the latter gradually strangles the state from within, turning every issue—from salaries to electricity to food—into a bargaining chip on the political table. It is precisely here that Qanbar’s talk of “something worse than occupation” seems more like a warning of a silent collapse, one where tanks aren’t visible in the streets, but citizens witness it daily in a soaring exchange rate, stalled projects, and a government unable to fulfill its obligations without federal approval.

Does Iraq have any real options for escaping the grip of the federal government?

Faced with this scenario, there is much talk in Baghdad about “diversifying partners” and turning towards China and Russia, settling transactions in currencies other than the dollar, or even building reserves in other currencies. However, these ideas clash with a number of hard realities: Iraqi oil is still priced in dollars, global markets still use the dollar as the benchmark currency, and the Iraqi banking system is structurally weak and, in its current state, incapable of managing the shock of a sudden transition to a new settlement system. Furthermore, any significant shift away from the dollar requires a different international political framework and a considerable amount of time to build the confidence of markets and financial institutions—a luxury that seems unattainable given the fragile economic and social situation and mounting internal pressures.

In this sense, talk of “escaping the grip of the Federal Reserve” may be a long-term strategic goal, but it is not a realistic shield against the rapid pressure scenarios that Qanbar warns of. In the short term, Iraq remains largely exposed to American leverage, making the real arena for maneuver not only economic but also political: Where does Iraq stand in the struggle between the axes, how does it distribute the cost of its relations with Washington and Tehran, and what discourse does it use to manage the issues of factions, weapons, and the state?

The question of the moment: Will Baghdad learn before it’s too late?

Qanbar’s warning is based on the conviction that Washington, in its new iteration, does not intend to maintain the status quo; and that Savaya’s visit to Baghdad is not a courtesy call but rather the beginning of a serious pressure campaign whose objective is “either a genuine change in the behavior of the Iraqi state, or facing a system of harsh pressure, foremost among which is the weapon of the dollar.” In contrast, Savaya presents himself, in his statement, as a “partner ready to support,” affirming that the United States, “under the leadership of President Trump, stands fully prepared to support Iraq during this critical phase,” and that he and his team are “committed to working closely with Iraqi leaders to establish a strong state, a stable future, and a sovereign Iraq capable of shaping its own destiny in the new Middle East.”

Between Qanbar’s warning of “something worse than occupation” if the federal system is used as a punitive weapon, and Savaya’s talk of a “unified and rational option” that opens the door to American support, a new framework of pressure on Baghdad is taking shape: the stick of the dollar on one hand, and the carrot of “support and partnership” on the other. In this narrow space, the Iraqi state faces a new test: Does it possess the ability to formulate a unified and balanced position that spares the country a scenario of financial strangulation and prevents its reserves and oil revenues from becoming a tool for reshaping its political decision-making? Or will continued hesitation and internal conflict give Washington the pretext to use its harshest tools, leaving Iraqis suddenly at the heart of a suffocating financial crisis, unlike occupation in its outward appearance, but potentially surpassing it in its profound impact and its ability to shatter what remains of the state’s capacity to control its economic and political destiny?

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📰 Jeff Report: Sanctions, Sovereignty & the Next Phase

 ⚠️ Disclaimer

This article is for informational purposes only and is not financial advice. Readers should verify updates independently and consult a financial advisor before making investment decisions.

📰 Jeff Report: Sanctions, Sovereignty & the Next Phase

According to Jeff:

  • UN sanctions: Fully lifted. Iraq is no longer restricted by UN sanctions.

  • US sanctions: A few minor restrictions remain, but these will automatically lift once Iraq revalues its currency.

  • International stage 2026: Iraq is preparing to launch a new era of sovereignty and international economic activity.

  • “Next phase” terminology: Media and officials are using the phrase “next phase” to describe Iraq’s entry into international financial markets in 2026.

💡 Key Takeaways

  1. Sanctions cleared: UN sanctions lifted; US sanctions will lift automatically with the RV.

  • International readiness: Iraq is preparing for full participation in global markets in 2026.

  • Timing of the RV: The rate change may not happen immediately in January 2026, but the groundwork is fully in place.

  • Sovereignty regained: Both US and foreign entities will step back, allowing Iraq to manage its economy independently.

    • 📌 Quick Snippet (Summary)

    Iraq is entering its “next phase” in 2026, lifting UN sanctions and preparing for international economic reforms. US sanctions will automatically lift upon the currency revaluation, setting the stage for a sovereign and tradable Iraqi dinar.

    🚀 Viral Hashtags

    #IraqDinarRV #CurrencyRevaluation #SanctionsLifted #NextPhaseIraq #ForexNormalization #Sovereignty2026 #IraqEconomy #RVUpdate #IraqDinarNews


    Jeff 

    Tradable foreign currency...requires them to be out from underneath the US and UN sanctions. They're out from the UN sanctions. They still have a few minor ones on the US side. That's not a concern because when Iraq revalues their currency, the US sanctions will automatically lift and remove. Iraq is going international in 2026.

     That's why the US and UN are ending their interactions with Iraq in the year of 2025 so that both parties or foreign entities will be out of Iraq so they can have their sovereignty in their new next stage in 2026 which is their new international beginning... 

    That gives them a clear pathway to jump in and launch the reforms in the beginning of 2026. That doesn't mean the rate is changing in January or 2026. Iraq is revealing they're going to enter into their 'next phase'. That is a key little phrase they're using right now in articles. They're entering into their next phase in the year 2026. We are extremely close to the timing of the rate change. 
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    💥 The Zero Game Decoded: Could Your Iraqi Dinar Skyrocket?

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    HANTOUSH: INTERNATIONAL FINANCING DIFFICULTIES AND EXCHANGE RATE CHALLENGES THREATEN THE STABILITY OF THE IRAQI ECONOMY

     HANTOUSH: INTERNATIONAL FINANCING DIFFICULTIES AND EXCHANGE RATE CHALLENGES THREATEN THE STABILITY OF THE IRAQI ECONOMY

    Economic and banking expert Mustafa Hantoush confirmed on Thursday that Iraqi companies and the private sector are facing significant difficulties in obtaining international loans to finance major projects due to Iraq’s low credit rating and the high costs of guarantees and interest rates on foreign loans.

    Hantoush added, in a statement to Al-Maalouma, that “the Iraqi banking system is going through a difficult period, with the possibility of several banks exiting the market, which limits the ability of domestic financing to cover major projects.” He pointed out that “international financing depends heavily on sovereign guarantees provided by the state, which remain limited in Iraq.”

    He noted that “the cost of external financing has risen significantly, with interest rates increasing from 5% to approximately 8-9% due to the risks associated with Iraq’s credit rating, placing additional burdens on Iraqi investors.”

    Regarding the dollar exchange rate, which has reached 2,000 dinars, Hantoush affirmed that “Iraq is experiencing relative monetary stability, and the Central Bank has no intention of changing the exchange rate at present, despite speculation about the incoming government’s intentions in this regard.”
    He warned that any “exchange rate adjustment without addressing the root causes of the country’s financial problems would be a half-measure, potentially leading to widespread negative consequences, including increased poverty rates and a decline in the value of salaries, thus exacerbating the suffering of large segments of the popula

    tion.”

    He explained that “Iraq possesses substantial resources in the form of government assets estimated at hundreds of billions of dollars, in addition to vast tracts of land and real estate, but the weakness in combating corruption and activating tax collection hinders the effective utilization of these resources.”
    He pointed out that “seriously confronting corruption and activating domestic revenues could reduce the need to adjust the exchange rate or resort to temporary solutions that could harm the economy and society.”

    He also noted the existence of “huge amounts of cash held in homes, estimated at 70 to 80 trillion dinars, which have contributed to speculation in the real estate market and an unjustified rise in prices, necessitating a sound monetary policy to control the markets.” He concluded by emphasizing that “the continuation of the current situation without genuine reforms will lead to a deterioration of economic and social conditions, with increased poverty rates and greater pressure on salaries and market liquidity.”


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    FIREFLY & FRANK26: 💹 Iraq Dinar RV Update: JPMorgan Support & CBI Monetary Reforms in Motion

    ⚠️ Disclaimer

    This article provides analysis and reporting based on publicly shared information. It is not financial advice. Readers should verify details and consult professional advisors before making investment decisions.

    📰 Frank26 Boots-On-The-Ground Update

    Timeframe: 15–17 days of continuous developments

    Frank26 reports an intense period of activity at the Central Bank of Iraq (CBI), with multiple key actors participating in what is being described as historic banking reform.

    Highlights:

    • Jamie Dimon, CEO of JPMorgan Chase, publicly acknowledges supporting Iraq’s monetary reform.

    • Meetings with Iraq’s Prime Minister show JPMorgan’s willingness to provide expertise in banking modernization.

    • CBI oversight includes international organizations: US Treasury, BIS, WTO, IMF, all observing reform execution.

    💡 Jamie Dimon Steps into the Spotlight

    Previously, JPMorgan’s role in Iraqi banking reform was largely behind the scenes. Frank26 emphasizes:

    “Jamie Dimon decided to come out of his spider hole and admit to the world what he's been doing with Iraq is helping them with their monetary reform.”

    Key takeaways:

    • JPMorgan expertise is being used to strengthen Iraq’s banking system

    • Transparency is increasing, with public acknowledgment of international collaboration

  • Signals that monetary reform is moving from planning to execution

    • 🏦 Central Bank of Iraq: Devalued Dinar Phase Ending

    FIREFLY shares details from the CBI:

    • The 2020 dinar devaluation was a temporary economic fix for inflation control.

    • The devalued dinar phase is coming to a close.

    • New economic opportunities beyond oil are being deployed to strengthen the Iraqi dinar.

    • The CBI will pull the devalued dinar out of circulation in the near future.

    • This action is expected to increase the stability and value of the Iraqi dinar ahead of potential FOREX normalization.

    🌊 Riding the Wave: Recent Momentum

    Frank26 notes an extraordinary period over the past 2–3 weeks:

    • Al-Sudani openly bragged about reform progress

    • Ali Al-Alaq (CBI) confirmed ongoing execution of White Paper and banking reforms

    • President Saleh publicly acknowledged steps forward

    • International observers on-site at CBI’s 8th floor monitoring every stage

    “15, 16, 17 days we've been riding a wave… Surfs up… We've been riding a wonderful experience.”

    This suggests real-time operational progress, not just planning.

    🔑 Key Takeaways

    1. International Oversight: U.S. Treasury, IMF, WTO, and BIS actively monitoring Iraq’s reforms.

    2. JPMorgan Support: Provides technical guidance and credibility.

    3. Monetary Reform in Action: Devalued dinar will soon be withdrawn, and the Iraqi dinar will be strengthened.

    4. Sustained Momentum: Government officials publicly acknowledging progress.

    This combination of domestic execution and global oversight indicates serious steps toward RV readiness.

    📌 Featured Snippet (Quick Summary)

    Iraq’s Central Bank is executing monetary reforms with international oversight, JPMorgan support, and the planned withdrawal of the devalued dinar. Public acknowledgment by government officials indicates a historic wave of banking reform is underway.

    ❓ FAQ

    Q1: Has JPMorgan officially joined Iraq’s monetary reform?
    A1: Yes. CEO Jamie Dimon publicly confirmed JPMorgan’s advisory role.

    Q2: Is the devalued dinar still in use?
    A2: It is being phased out. The CBI plans to replace it to strengthen currency stability.

    Q3: Are international organizations involved?
    A3: Yes. IMF, BIS, WTO, and US Treasury are monitoring reforms on-site at the CBI.

    🔗 References & Sources

    • Boots-on-the-ground report: Frank26

    • FIREFLY report on CBI monetary reform

    • Public statements from Jamie Dimon, Al-Sudani, Ali Al-Alaq, President Saleh

    🚀  Hashtags

    #IraqDinarRV #CBIReforms #JPMorgan #JamieDimon #DinarUpdate #MonetaryReform #ForexNormalization #WhitePaperIraq #IraqEconomy #RV2026 

    Frank26 

      [Iraq boots-on-the-ground report]  

    FIREFLY:On TV they are showing Jamie Dimon the CEO of JPMorgan Chase.  Recently he had a meeting with Iraq's prime minister...He is supportive of Iraq's banking reform and is open to providing some help and expertise from JP Morgan's side. 

     FRANK: Jamie Dimon decided to come out of his spider hole and admit to the world what he's been doing with Iraq is helping them with their monetary reform? ...We already knew you have been helping the central bank of Iraq with the monetary reform for a very long time buddy...We knew you were lying to us... Now Jamie Dimon tell you employees to stop lying to us American citizens...


    Frank26  :  15, 16, 17 days we've been riding a wave... Surfs up...We've been riding a wonderful experience...It has been unbelievable the stuff we share with you...You have Sudani yesterday bragging all day.  You got Alaq two, three days in a row.  Saleh came out bragged.  You got the United States Treasury, BIS, WTO and IMF all sitting there in the 8th floor of the CBI bank watching everything they're about to do... monitoring everything.

    FIREFLY:
    The CBI explained today how they devalued the dinar in 2020 as a quick fix to the economy and inflation...Economic opportunities other than oil to strengthen the dinar have been put in position...They said the stoppage of using the 'devalued dinar' they'll look towards their monetary reform and that action will strengthen the Iraqi dinar.  The CBI is pulling out in the near future using the devalued dinar.
     
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    💸 Dinar Debate Heats Up: $6.08 vs. $4.81 Explained by MarkZ

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    BRUCE:Iran Peace Deal 2026: Economic Impact, Oil Prices & Global Currency Reset Explained

    🚨  RV Intel Update: What’s Happening Right Now? In the latest Big Call update from Bruce (March 26, 2026), several  high-impact development...