Kurdistan Finance Ministry To Send 120 Billion Dinars To Baghdad Tomorrow
Money and Business Economy News – Baghdad The Ministry of Finance and Economy of the Kurdistan Region announced that it will send 120 billion dinars to Baghdad on Monday.
The ministry stated: "We will deposit 120 billion dinars of non-oil financial revenues for last October into the account of the Federal Ministry of Finance tomorrow, Monday." https://economy-news.net/content.php?id=63649
Industry: Signs New Contracts To Support The Oil Sector And Enhance The Capabilities Of Northern Refineries
Sunday, December 21, 2025 | Economy Number of views: 399 Baghdad / NINA / Al-Faris General Company, one of the companies of the Ministry of Industry and Minerals, announced the signing of several contracts with the North Refineries Company.
According to a ministry statement, the company's Director General, Saif Al-Din Ali Ahmed, stated that "the signing of these contracts comes within the framework of joint cooperation between government companies and is the result of Al-Faris General Company's efforts to support the oil sector."
He pointed out that the signed contracts included supplying pumps and their accessories as spare parts, supplying maintenance materials for the Qayyarah refinery furnace, in addition to establishing a cooling tower system for the Kirkuk refinery and supplying emergency pumps for the refining unit at the Salah Al-Din refinery.
He added that "the contracts also included the construction of a steam line for the North pumping and storage area/North Depot, the establishment of an electrical control valve system for all tanks along with the construction of the control system in the Sinniyah refinery section, and the design, supply, and installation of smart loading arms for petroleum products, in addition to other contracts."
This article reflects unverified intel, opinions, and commentary attributed to TNT Tony and notes by Ginger Doucet. It is not financial advice. No dates or rates are confirmed. Always consult qualified professionals before making financial decisions.
Banks Reportedly Preparing for Holiday Operations
According to TNT Tony, banks have allegedly been informed that they will be working on Christmas Day, with staff receiving triple-time pay. This detail has drawn attention because:
Banks rarely operate on major holidays
Special pay suggests anticipated high activity
Holiday staffing often aligns with non-routine financial events
While unconfirmed, this claim has fueled speculation across the RV community.
A meeting was held Friday where a holiday release was allegedly chosen instead
This sequence, if accurate, would explain the unusual holiday preparation.
Holiday Timing: Why December 23 Is Being Watched
The December 23 Narrative
According to Tony:
Christmas Day was originally considered
The date allegedly shifted back to December 23
The release is said to be “supposed to start tomorrow”
No official confirmation exists, but December 23 is now being heavily discussed as a potential activation window.
“A Christmas Present” Narrative
Tony claims:
“TRUMP wanted to give out a CHRISTMAS PRESENT!”
This framing fits a long-standing narrative within RV circles that major financial moves could be aligned with symbolic or holiday timing. However, readers should note this is speculative commentary, not an official statement.
800 Number Watch
Tony states:
If the 800 number is released this evening
He will host another call later today
Participants would need to be at the bank by 7:00 a.m.
As always, the appearance of an 800 number would be considered a significant development, though none has been publicly verified at the time of writing.
Global Liquidity Needs Highlighted
Tony emphasizes that:
Many global players “need the money”
He specifically mentions:
European Union
China
Iraq
This argument suggests a broader global liquidity motivation, rather than a single-country event.
Managing Expectations: Not Everyone Gets Millions
One of the most grounded points in this update is Tony’s caution:
“Not everyone will get millions or billions.”
He stresses:
Outcomes will vary widely
Those receiving smaller amounts must be
extremely careful
Poor financial management could result in losses within six months
This reminder highlights the importance of:
Financial planning
Professional advice
Long-term discipline
Community Sentiment: Hope Meets Caution
According to Tony:
Bank personnel are optimistic
The phrase “This is finally it!” is circulating again
Excitement is high—but so are expectations
History has shown that emotional balance is critical during moments like this.
Featured Snippets
What is TNT Tony saying about the RV release date?
TNT Tony suggests a possible holiday release window, with December 23 mentioned as a potential start date, though nothing is officially confirmed.
Are banks really working on Christmas Day?
According to Tony, banks were told to prepare for holiday work with special pay, but this remains unverified.
Will everyone receive large payouts?
No. Tony cautions that outcomes will vary and stresses careful financial management.
Q&A Section
Q: Is December 23 confirmed as the RV date?
A: No. December 23 is speculative and based on intel reports, not official announcements.
Q: Has the 800 number been released?
A: No confirmed public release at this time.
Q: Should people prepare to exchange immediately?
A: Preparation is wise, but no action should be taken without verified instructions.
Final Thoughts
This update represents another surge of holiday-based optimism within the RV community. While the details are compelling—holiday staffing, alleged rate visibility, and global liquidity pressure—confirmation remains the missing piece.
Hope is understandable. Caution is essential. Preparation should be practical, not emotional.
Tony says banks have been told they’re working Christmas Day.
They get triple-time for this.
The rates were released to the banks on Friday and they expected us to go on Saturday. They had a meeting on Friday and decided to do a holiday release. TRUMP wanted to give out a CHRISTMAS PRESENT! The release date is supposed to be Dec 23!
They were going to do it on Christmas Day but it fell back to the 23rd.
Tony says it’s supposed to start tomorrow.
If the 800 number is released this evening, Tony will have another call this evening.
They have to be in the bank at 7:00 a.m. Everyone is saying, “This is finally it!”
Everyone needs the money: The European Union, China, Iraq! Tony: “This is going to be great, again!”
Not everyone will get millions, or billions.
Those who get less have to be EXTREMELY careful with their money or they will be broke in 6 months.
How Do Wars And International Trade Affect The Iraqi Economy? An Expert Explains
Time: 2025/12/21 Reading: 60 times {Economic: Al-Furat News} Economic expert, Rashid Al-Saadi, confirmed that wars and global trade have a significant negative impact on the Iraqi economy.
Al-Saadi explained to Al-Furat News Agency that: “The economic war between America and China leads to customs duties and restrictions on Chinese goods, and that Iraq has trade with China estimated at about $57 billion annually, and that any negative factors on the Chinese economy also affect Iraq.”
He added that "the strained relations between Venezuela and America also have an impact on the Iraqi economy," noting that all geopolitical factors affect Iraq due to the fragility of its economy and its dependence on external economic relations without alternatives or added value for goods.
Al-Saadi also pointed to "what happened in the Russian-Ukrainian crisis," explaining that "the two countries are considered the breadbasket of Iraq, which reflects the impact of global conflicts on the stability of the Iraqi economy." LINK
This article reflects opinions, analysis, and reports shared by Frank26 and on-the-ground sources. It is not financial advice. Always consult qualified professionals before making financial decisions.
CBI Reduces Dinar Circulation: A Major Monetary Signal
According to a boots-on-the-ground report from Iraq, significant monetary action is now being publicly acknowledged.
OMAR (Iraq On-the-Ground Report)
The Central Bank of Iraq (CBI) has officially reduced the total circulation of Iraqi dinars by approximately 5.5% during the third quarter of 2025.
This reduction brings:
Total money supply: ~99.68 trillion dinars
Approximate USD value: ~$76 billion
The stated goal is clear:
To keep inflation in check and support the value of the Iraqi dinar.
Reducing currency in circulation is a classic and powerful monetary policy tool. It is commonly used to:
Control inflation
Strengthen purchasing power
Prepare a currency for structural change
This action is not theoretical—it is measurable and reported.
Frank26 Analysis: “They Collected the Three Zeros”
Frank26’s interpretation is direct and significant:
“They are telling you they have collected a lot of three zeros.”
In monetary reform terminology, this implies:
Large-denomination notes are being removed
Liquidity is being consolidated
The groundwork is being laid for redenomination
This aligns with long-standing reform plans involving lifting three zeros from the dinar.
Inflation Control Supports Currency Value
A reduced money supply typically:
Limits excess liquidity
Stabilizes prices
Increases confidence in the currency
For Iraq, inflation control is essential before:
Introducing a new exchange rate
Reintegrating into international markets
Expanding foreign trade and investment
IMF and U.S. Treasury Oversight
Frank26 emphasizes that Iraq is not acting alone.
Key Oversight Players
International Monetary Fund (IMF)
United States Treasury
Frank describes them as:
“A proud mother and father of the monetary reform of Iraq.”
These institutions:
Monitor CBI actions
Approve reform sequencing
Ensure compliance with global financial standards
Role of U.S. Influence and Advisors
Frank26 also points to:
Direct U.S. involvement
Strategic oversight tied to the Trump-era framework
Consulting support from Oliver Wyman, a global financial advisory firm
This suggests:
Every major CBI move is being observed
Policy is being guided, not improvised
Mistakes are less likely to be tolerated
January 1st: A Logical Target?
Frank26 raises a key question:
“Maybe it’s all for January 1st.”
Why January 1st matters:
New fiscal year
Clean accounting transition
Expiration of the current exchange framework
Global norm for monetary adjustments
While not a confirmed date, it remains a logical benchmark.
What This Means for Monetary Reform
Taken together, these developments suggest:
Active tightening of the money supply
Collection of large-denomination notes
Inflation control measures in effect
International oversight fully engaged
This is process, not hype.
Featured Snippets
Did the Central Bank of Iraq reduce the dinar supply?
Yes. The CBI reduced dinar circulation by about 5.5% in Q3 2025 to control inflation and support currency value.
Why is reducing money supply important for Iraq?
Lowering the money supply helps stabilize prices, strengthen the dinar, and prepare for monetary reform.
Are the IMF and U.S. Treasury involved?
According to Frank26, both institutions closely monitor and guide Iraq’s monetary reform process.
Q&A Section
Q: Does this confirm a revaluation is happening now?
A: No. It confirms preparation and reform activity, not a public rate change.
Q: What does “collecting the three zeros” mean?
A: It refers to removing large-denomination notes as part of a redenomination strategy.
Q: Is January 1st guaranteed?
A: No. It is a logical timeframe, not an official announcement.
Final Perspective
This boots-on-the-ground report provides verifiable policy action, not speculation. A measurable reduction in money supply—combined with IMF and U.S. Treasury oversight—indicates that Iraq’s monetary reform is active, supervised, and progressing deliberately.
Quiet steps like these often matter more than loud headlines.
OMAR: On the news now today, the Central Bank of Iraq has reduced the total circulation of Iraqi dinar by about 5.5% in the 3rd quarter of 2025.
That brings the money supply down to roughly 99.68 trillion dinars or about $76 billion US. The main goal is to...keep inflation in check which should support the dinar's value...
FRANK: They are telling you they have collected a lot of three zeros.
Frank26 The IMF and United States Treasury are like a proud mother and father of the monetary reform of Iraq. They see everything the CBI is now doing with Trump and Oliver Wyman because we are watching and pushing them. Maybe it's all for January 1st.
Financial reform in Iraq: A plan on paper or the beginning of economic change?
Amid the end of the current government's term, the latest decisions came under the title of financial reform in Iraq to reduce expenditures and maximize resources, but they face implementation challenges due to the government's limited powers, which raises questions about its ability to address deep financial imbalances and secure real economic stability before the next government takes over.
After the Iraqi government reached the end of its constitutional term, it launched a package of financial decisions under the title of “reducing spending and maximizing revenues,” without having political or time cover to ensure that they would be turned into effective policies.
These decisions, issued by a government with limited powers, are not binding on the next government, nor are they part of its program, making them closer to reforms on paper, put forward at the last minute to manage financial pressure rather than to address the roots of the crisis, amid widespread doubts about their ability to be implemented or to continue after the formation of the new government.
Decisions of the Ministerial Council for the Economy
The Ministerial Council for the Economy, during a meeting dedicated to discussing the issue of reducing spending and maximizing revenues, approved a package of decisions aimed at controlling public expenditures and strengthening the state’s financial resources.
The decisions included reviewing the allowances and salaries of the three presidencies and working to equalize them with the salaries of the Prime Minister's office staff, in addition to updating the salary scale for all state employees, based on the recommendations of the Ministry of Planning. The Council also decided to reduce the allowances for official travel for state employees by 90%, limiting such travel to cases of extreme necessity and requiring the approval of the relevant minister, as well as reducing the supervision and monitoring percentages for new projects.
Maximizing non-oil revenues
For his part, the Prime Minister’s advisor, Dr. Mazhar Muhammad Saleh, confirmed that the recent drop in oil prices to below $60 a barrel constitutes a manageable financial pressure and does not amount to a financial crisis, noting that Iraq still possesses important safety margins, foremost among them comfortable foreign reserves and public debt levels within safe limits, in addition to the continued ability to meet basic obligations, primarily salaries and service spending.
Saleh said that the continuation of global oil prices at these levels may be reflected in the 2026 budget with a manageable deficit, the size of which depends on price developments, production levels, and the extent of control over public spending.
He pointed out that fiscal policy is working to manage this deficit by rearranging priorities, maximizing non-oil revenues, and making limited use of domestic financing tools when necessary, without compromising economic stability.
Saleh added that the government adopted clear standards for reducing unnecessary spending, including reviewing the salaries and allowances of the three presidencies, and reducing foreign delegations by up to 90%, while maintaining only delegations of a sovereign and necessary nature, in accordance with the principle of justice and accountability starting from the highest level of the state.
He stressed that these measures will not affect vital investment projects or basic services for citizens, as spending related to the water, electricity, health and education sectors has been neutralized, with priority given to projects with advanced completion rates, in addition to protecting the salaries of the middle and lower segments.
He concluded by saying that the current fiscal policy is based on smart management of public spending, which maintains economic and social stability, and deals with fluctuations in oil prices as periodic challenges that require adaptation and reform, without imposing additional burdens on the citizen.
In extra time
Economic expert Ziad al-Hashemi believes that the Iraqi government is now playing for time, after the damage has been done, as he put it, and is trying to score last points in its favor by proposing a financial reform plan aimed at reducing spending and increasing revenues.
Al-Hashemi points out that “governments in various countries around the world usually present their financial programs at the beginning of their formation, to address previous imbalances, improve the quality of spending, maximize returns, and draw up a systematic and disciplined financial policy. However, what happened in Iraq was the complete opposite of that.”
Over the past four years, Al-Hashemi explains that “the government program was based primarily on expanding spending, through highly politicized financial budgets, which contributed to inflating salaries and subsidies, and piling up government employees in numbers that exceed the needs and capacity of state institutions, in addition to maximizing the financial deficit and accumulating debts, and allowing corruption to operate freely.”
He adds that all of this “happened at a time when Iraq’s financial revenues, especially oil revenues and others, were witnessing a significant decline, yet the government ignored internal warnings and international reports that repeatedly sounded the alarm, warning of the risks of inflated spending in light of deteriorating revenues, without receiving any response.”
Lost opportunities for reform
After the opportunities for reform were lost and the financial crisis worsened dangerously during the past years, Al-Hashemi points out that “the government is now emerging, at the end of its lifespan, with a financial reform plan, after the financial pressure has reached its peak, and the possible solutions are now only harsh and painful, and their impact will most likely be felt by the citizen before anyone else.”
Al-Hashemi raises questions about the mechanisms for implementing this plan, asking about “how it can be implemented by a caretaker government with limited powers, which does not have enough time to implement broad reform measures, in addition to the ambiguity of the implementing bodies, the commitment mechanisms, and the timetables, in light of the imminent formation of a new government.”
It is likely that “this move is an attempt by the government to polish its image in its final days, by announcing a financial reform plan, perhaps with the aim of encouraging political parties to reappoint the current Prime Minister and give him a chance to implement this plan.”
He concluded by saying: “In any case, the next government, whether the current Prime Minister is reappointed or another figure is chosen, will face an extremely difficult financial test, which will force it to take more harsh and painful measures, and financial austerity may be the most prominent theme for the next four years.”
Crisis management, not economic reform
For his part, academic and economic researcher Nawar Al-Saadi believes that “the real goal of these measures is not to launch a comprehensive economic reform in the strict sense, as the caretaker government lacks the political cover and sufficient time to proceed with reforms of this kind.”
Al-Saadi says that “the goal is limited to reducing the financial bleeding and containing the risks until the responsibility is transferred to the next government,” adding that these steps “carry a dual message; the first is directed to the markets and regulatory bodies, indicating that the financial situation is still under control for the time being. The second is to the next government, indicating that the margin for maneuver has become narrower than it was previously.”
Al-Saadi explains that “the problem lies in the structure of the economic decision itself. Iraq does not suffer from a lack of plans or diagnosis, but rather from a weakness of executive will and the prioritization of short-term political calculations at the expense of painful reforms.”
Al-Saadi notes that “what is happening today is more of a crisis management effort than a genuine economic reform. The recent decisions may help alleviate the immediate pressure on the treasury, but they do not address the root causes of the problem, which are the bloated public sector, the fragility of non-oil revenues, and the weakness of financial governance.”
He concluded by warning that “unless the next government moves from the logic of ‘temporary austerity’ to comprehensive structural reform, Iraq will remain stuck in the same cycle, between high spending in years of plenty and belated austerity decisions with the first tremor in oil prices.” link