Tuesday, December 30, 2025
The Sudanese government directs the release of a new batch of payments owed to contractors
The Sudanese government directs the release of a new batch of payments owed to contractors
Prime Minister Mohammed Shia al-Sudani directed on Sunday the release of a new batch of payments for completed work as part of a series of payments to Iraqi contractors.
The office of Prime Minister Mohammed Shia al-Sudani said in a statement received by Al-Ghad Press that he chaired a meeting on Sunday regarding the contractual obligations of contractors, in the presence of the Undersecretary of the Ministry of Planning and the head of the Contractors Union.
According to the statement, the meeting included a review of the details of contractual obligations, their amounts, and the sums due to contractors implementing projects for all ministries and governorates, in order to guarantee the rights of contracting companies and support the stability of the construction sector, which is one of the most important drivers of the national economy.
Al-Sudani directed the release of a new batch of payments for completed work as part of a series of payments to Iraqi contractors, stressing the government's commitment to monitoring projects and their implementation phases and ensuring the payment of financial dues to contractors, in order to move forward with infrastructure and service projects link
CLARE & FNU LNU: Syria’s Currency Exchange Begins January 2026 While Iraq’s Digital Banking Still Lags Behind
Introduction: Two Countries, Two Very Different Stages of Reform
Recent articles highlighted by Clare and Fnu Lnu reveal a sharp contrast in the region’s monetary and banking readiness.
Syria is preparing for a formal currency exchange process starting January 1, 2026
Iraq, meanwhile, is only taking initial steps toward regulating digital and virtual assets
Together, these updates offer a grounded look at where the Middle East stands today in currency reform versus financial modernization.
Syria’s Central Bank Announces Currency Exchange Procedures
Article: “The Central Bank of Syria Requires Citizens to Follow New Procedures When Exchanging Currency”
The Central Bank of Syria has officially outlined the rules citizens must follow to exchange old Syrian pound banknotes for new ones.
This announcement confirms that Syria’s redenomination process is no longer speculative—it is operationally planned.
Key Details from the Central Bank of Syria
According to Governor Abdul Qader al-Hasriya:
Two zeros will be removed from the nominal value
100 old Syrian pounds = 1 new Syrian pound
Start date: January 1, 2026
Duration: 90 days (extendable)
Cost: Free of charge, no fees or taxes
“The replacement process will be carried out free of charge without imposing any fees or taxes.”
This clarity reflects a structured and citizen-focused rollout, designed to ease transactions and stabilize the economy.
Why Syria’s Move Matters Regionally
Clare highlights that:
Sanctions relief made this reform possible
The timing aligns with broader regional monetary changes
A 90-day window signals confidence in execution
Syria’s approach demonstrates how political clearance + central bank readiness enables decisive action.
Iraq and Digital Assets: A Reality Check from Fnu Lnu
Article: “Iraq Has Taken Initial Steps Towards Establishing a Regulatory Framework for Virtual and Digital Assets”
While Syria prepares to exchange physical currency, Iraq is still at the starting line of financial modernization.
Fnu Lnu emphasizes the wording:
“Initial steps” means they haven’t even begun the real work yet.
Iraq’s Banking System: Behind the Curve
According to Fnu Lnu:
Iraq’s banking structure is at least two steps behind
The global financial system is moving toward:
FinTech
Tokenization
Digital assets
Iraq is still working on basic regulatory foundations
“There is no point in fixing the wagon while the rest of the world is driving Ferraris.”
Why This Matters for Currency Reform Expectations
Fnu Lnu’s position is clear:
A modern currency requires a modern banking system
Digital frameworks cannot be rushed
Preparation takes time, infrastructure, and expertise
This suggests that while Iraq may progress economically, full financial integration is a longer-term process.
Featured Snippets
When does Syria begin its currency exchange?
Syria will begin exchanging old banknotes for new currency on January 1, 2026, with a 90-day window that can be extended.
How much will Syria charge for the exchange?
The exchange process will be free of charge with no fees or taxes imposed.
Is Iraq ready for digital banking and tokenization?
According to Fnu Lnu, Iraq is still in the early stages and remains behind global FinTech standards.
Q&A Section
Q: Is Syria redenominating or revaluing its currency?
A: Syria is redenominating by removing two zeros to simplify transactions.
Q: Does Iraq have a full digital asset framework?
A: No. Iraq has only taken initial regulatory steps.
Q: Can Iraq modernize quickly?
A: Not instantly—banking and FinTech reforms require time and structural upgrades.
Key Takeaway: Progress Is Not Uniform
This update highlights a critical truth:
Syria is operationally ready for a physical currency exchange
Iraq is still laying foundational rules for digital finance
Both are moving forward—but at very different speeds and stages.
Understanding this distinction helps manage expectations and focus on realistic timelines instead of hype.
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Clare
Article: "The Central Bank of Syria requires citizens to follow new procedures when exchanging currency"
Quote: "The Central Bank of Syria announced the regulations that must be followed by citizens and customers when submitting old Syrian pound banknotes to authorized entities for exchange for new banknotes, as part of the ongoing preparations for the upcoming exchange process...
The Governor of the Central Bank of Syria, Abdul Qader al-Hasriya...explained that the standard for the replacement process is to remove two zeros from the nominal value, so that every hundred old Syrian pounds will be equivalent to one new Syrian pound, noting that the replacement process will begin on January 1, 2026 and will continue for 90 days, which is extendable, and will be carried out free of charge without imposing any fees or taxes."
Fnu Lnu
Article: "Iraq has taken initial steps towards establishing a comprehensive regulatory framework for virtual and digital assets, aligned with international best practices."
Initial steps means they haven't even begun the task at hand. I told you they are not ready and the banking structure is at least two steps behind the world of FinTec and Tokenization. There is no point in fixing the wagon while the rest of the world are driving Ferraris. They are not prepared to play the game yet and it is going to take time to prepare.
Sudani: Our relationship with countries in the region and the world is based on economic partnerships
Sudani: Our relationship with countries in the region and the world is based on economic partnerships
Prime Minister Mohammed Shia Al-Sudani affirmed that Iraq’s relations with the countries of the region and the world are based on economic partnerships.
He added that Iraq's relations with countries in the region and the world are based on economic partnerships, given Iraq's geostrategic location and its vast natural and human resources. He emphasized the importance of the relationship with the United States within the economic framework, given its companies and technology, from which Iraq can benefit from its experience.
He explained that Iraq and Syria have great opportunities to improve the economic situation, including the Kirkuk-Banias oil export pipeline. link
Jeff: Why Iraq Must Change the Dinar Rate as It Goes International in 2026
Introduction: Following the Logic, Not the Hype
In his latest commentary, Jeff walks viewers through what he calls the “common sense road”—connecting Iraq’s stated goals of going international with the practical requirements needed to make that transition possible.
His conclusion is direct and data-driven:
If Iraq is truly going international, the Iraqi dinar must become a convertible, tradable currency—and that requires a rate change.
Going International: What It Actually Requires
Jeff stresses that “going international” is not just a headline—it is a technical and legal process that demands specific financial conditions.
1. International Trade Requires a Convertible Currency
For Iraq to conduct world trade at 100% capacity
, it must have:A tradable currency
A recognized exchange rate
Compatibility with international settlement systems
A restricted or artificially maintained rate cannot support global trade.
2. Banking Reforms Cannot Be Completed Without a Rate Change
Jeff highlights that:
Iraq’s banking reforms are not optional
They are designed to integrate Iraq into the global financial system
“In order for them to implement the banking reforms 100%, they need the rate to change.”
Without a realistic exchange rate:
Correspondent banking fails
International clearing becomes impossible
Investor confidence remains limited
3. Parliament’s 150+ Laws Are Rate-Dependent
Jeff reminds viewers that Iraq has over 150 laws pending or partially implemented.
Many of these laws are tied to:
Trade
Customs
Banking
Investment
International agreements
“World Trade—they need that convertible currency.”
Without a functional exchange rate, these laws cannot be fully activated.
The Timing Argument: “They’re Going International Next Month”
Jeff emphasizes that the timeline is tightening.
Iraq has repeatedly stated intentions to expand global trade
Infrastructure, banking platforms, and customs systems are being aligned
International partnerships are already forming
From Jeff’s perspective, the logic is unavoidable:
International status without a convertible currency does not work.
Syria as a Regional Signal: January 2026 Matters
Jeff points to an important regional development that supports the timing.
Article: “Syria to Launch New Currency from January 2026”
Key details:
Launch date: January 1, 2026
Action: Removal of two zeros (redenomination)
Purpose: Ease transactions and stabilize the economy
“Notice how as sanctions are getting lifted, those are what allowed Syria to do this step in January.”
Why Syria Matters to Iraq
Jeff argues this is not coincidence.
Sanctions lifted → currency reform enabled
Regional synchronization → coordinated economic reset
January 2026 → a strategic monetary window
Iraq and Syria operate within the same regional and geopolitical environment, making parallel reforms highly relevant.
Common Sense Economics: Jeff’s Core Message
Jeff is not predicting dates—he is outlining requirements.
International trade → needs a tradable currency
Banking reform → needs a realistic rate
Legislative progress → needs currency functionality
“I’m just taking you down common sense road.”
From this viewpoint, the rate change is not speculation—it is a prerequisite.
Featured Snippets
Why must Iraq change the dinar rate to go international?
A country cannot conduct full international trade or banking reforms without a convertible, tradable currency recognized by global markets.
What does Syria’s January 2026 currency launch signal?
It shows how lifting sanctions enables monetary reform and suggests a broader regional reset aligned with early 2026.
How are Iraq’s laws connected to the exchange rate?
Over 150 Iraqi laws related to trade, banking, and investment depend on a functional exchange rate to be fully implemented.
Q&A Section
Q: Is Iraq officially international already?
A: Iraq is in transition, but full international status requires currency convertibility.
Q: Can banking reforms finish without a rate change?
A: According to Jeff, no—banking reforms require a tradable currency.
Q: Why is January 2026 important?
A: Regional currency reforms, including Syria’s, align with that timeframe.
Key Takeaway from Jeff
Jeff’s analysis is rooted in logic, not emotion:
You cannot trade globally without a tradable currency
You cannot finish banking reforms without a rate change
You cannot activate international laws without exchange rate functionality
If Iraq is truly moving international, the dinar must follow.
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Jeff
I've been bringing a lot of critical data and information forward showing you they're going international next year. So if they're going to go international next year, for them to implement trade 100%, they need a convertible tradable currency. In order for them to implement the banking reforms 100%, they need the rate to change...In order for parliament to get the 150+ laws done...World Trade, they need that convertible currency....
I'm just taking you down common sense road. They're going international next month...
Article: "Syria to launch new currency from January 2026 in bid to revive economy" Consider the timing when things are happening and why.
Article quote: "Syria will launch and redenominated currency January 1, 2026, removing 2 zeros to ease transactions and stabilize the economy following the lifting of US sanctions..." Notice how as sanctions are getting lifted, those are what allowed Syria to do this step in January.
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