Back on July 18, 2015, Kim Clement delivered a prophecy concerning Iraq, Iran, and the Middle East that continues to capture the attention of many IQD holders today.
🔥 Key Prophetic Highlights:
✅ "The Spirit of God is speaking now over the region of Iraq, over the region of Iran, over the regions of the Middle East and southern Asia."
✅ "I am speaking that I may release resources."
✅ "There will be a grave surrender that will take place in the months to come."
✅ "There shall be a break in the financial system in the Middle East, the Dinar."
✅ "When things seem at their worst, I shall bring it forth and I shall free them up."
✅ "There shall be a prosperity in a place where you least expect it."
✅ "I will hear their prayers and I will do something marvelous."
Many believe these prophetic words are increasingly relevant as major geopolitical and economic developments continue to unfold throughout the Middle East.
🌎 Current Events Raising Interest:
🇺🇸 U.S. and Iran tensions continue to evolve.
🇮🇶 Iraq is accelerating electronic payment systems and financial modernization.
💳 Iraq is moving toward a more digital economy while strengthening banking reforms.
🏦 Discussions surrounding the future global financial architecture continue to gain momentum.
Some observers believe the phrase "grave surrender" could correspond with significant geopolitical shifts, while the reference to a "break in the financial system" points toward major monetary changes yet to come.
⚠️ While no official RV announcement has been made, many continue to watch Iraq's reforms, banking modernization, and regional developments closely.
🙏 "For the promises of God are Yes and Amen...
Yes and Amen."
📜, international financial oversight 🏦
, sanctions history ⚠️, and external dependencies 🌐. By progressively addressing these issues, Iraq would theoretically gain more flexibility to design and implement truly sovereign financial policies 🏛️💰.
🏦📊 Strengthening the financial system
One of the most notable trends in Iraq’s recent economic evolution is the continued effort to strengthen its banking and financial infrastructure:
Modernization of the banking sector 💳
Expansion of digital and electronic payment systems 📲
Greater integration with international financial standards 🌍 Improved management of oil revenues 🛢️📈
Increased focus on transparency and compliance 🔐
From a structural perspective, these reforms are essential for any country seeking long-term economic stability. A
stronger banking system increases trust, improves capital flow, and supports broader economic diversification.
🛢️
💵 The “Petro-Dinar” concept in perspective
From a theoretical standpoint, the idea of a “Petro-Dinar” 🛢️💵—a currency strengthened by Iraq’s vast energy resources—has gained attention in some discussions.
The logic behind this perspective is based on three main ideas:
Iraq holds one of the largest oil reserves in the world 🌍🛢️ Oil revenues remain the backbone of the national budget 💰 Strong energy exports can enhance national financial power 📊 In this narrative, a stronger alignment between Iraq’s real resource wealth and its monetary system could, in theory,
reduce reliance on the U.S. dollar-based settlement system 🇺🇸
💲 and increase domestic control over financial flows. However, it is important to note that this remains a conceptual interpretation rather than an official policy direction.
🌐📉 Why Iraq’s financial decisions matter
A key question that arises from Iraq’s ongoing economic behavior is:
Why does the country continue to prioritize debt resolution, financial stabilization, and asset protection if not for a broader long-term transformation? From an analytical perspective, the consistent focus on: Settling historical obligations 📜 Protecting sovereign funds 🔐 Expanding financial partnerships 🤝 Diversifying revenue sources 📈 Strengthening institutional frameworks 🏛️
suggests a coordinated effort to reduce vulnerability and increase economic independence over time.
To some observers 👀, these actions are not isolated reforms—they are interconnected steps within a broader strategy of economic repositioning.
🤔 The central question
This leads to a broader and more important reflection: Is Iraq simply resolving the financial burdens of its past 📚, or is it actively building the foundation for a more independent and sovereign financial future 🏗️💰?
There is no definitive answer at this stage. What is clear, however, is that Iraq is actively reshaping its economic architecture in ways that prioritize stability, sovereignty, and long-term resilience 📊🇮🇶.
⏳ Final perspective
While interpretations vary, the current trajectory suggests that economic sovereignty remains a strategic objective for Iraq. Whether through banking reform, fiscal discipline, or resource management, the country appears to be gradually positioning itself for a more autonomous financial future. Time will ultimately determine how these reforms evolve and what outcomes they produce ⏳📈.
But for now, the direction is clear: Iraq is rebuilding not just its economy—but its financial identity.
#Iraq #Dinar #EconomicReform #CBI #FinancialSovereignty #PetroDinar #IraqEconomy #OilEconomy #MiddleEast #InvestmentInsights #EconomicTransformation #FinancialFuture #sovereignwealthfund ------ The file of Iraqi funds in the US Federal Reserve: From occupation to temporary immunity
The issue of Iraqi funds deposited in accounts at the US Federal Reserve is one of the most complex financial files in Iraq's modern financial history. These funds are linked to a series of UN resolutions and international sanctions that have shaped the Iraqi economy since the former regime's invasion of Kuwait on August 2, 1990, to the present day.
Resolution (1483) Legal and Economic Framework UN Security Council Resolution 1483, adopted unanimously on May 22, 2003, established the legal and economic framework for managing Iraqi oil revenues following the US-led invasion of Iraq on April 9, 2003.
The resolution was adopted under Chapter VII of the UN Charter, giving it international legal force. Its key features include:
- Recognition of the occupying power: The resolution explicitly recognized the United States and its allies as occupying powers under a unified command called the “Coalition Provisional Authority,” and obliged them to act in accordance with the United Nations Charter and international law, particularly the 1949 Geneva Conventions, to guarantee the rights of the Iraqi people.
Lifting the sanctions: The resolution ended the international isolation imposed on Iraq since 1990 under Resolution 661 and subsequent resolutions, as the Security Council lifted all financial and trade sanctions except for the ban on the sale of weapons and military equipment.
New financial resource management mechanisms For managing financial resources, the decision stipulated the following:
1. Establishment of the Development Fund for Iraq (DFI): The fund was established and placed under the custody of the Central Bank of Iraq. It was allocated to collect oil export revenues, frozen assets of the former regime that the resolution mandated member states to transfer to it, and the surplus from the Oil-for-Food Program. The stated objective was to use these funds to meet humanitarian needs and for reconstruction. The disbursement mechanism was directed by the Coalition Provisional Authority in consultation with the Iraqi Interim Administration.
To ensure transparency, the International Advisory and Monitoring Board (IAMB) was established, comprising representatives of the UN Secretary-General, the International Monetary Fund, the World Bank, and the Arab Fund for Economic and Social Development. This board approved independent auditors to ensure that oil sales and disbursements were conducted in accordance with international best practices. 2. Management of oil revenues: The resolution mandated that all oil sales revenues be deposited into this fund, with 5% of them being deducted for the benefit of the compensation fund established under Resolution 687 to compensate those affected by the invasion of Kuwait.
3. Spending of funds: The resolution specified the need to use the Fund’s money transparently to meet humanitarian needs, rebuild the economy, repair infrastructure, cover the costs of civil administration, and disarmament.
4. Termination of the “Oil-for-Food” program: The decision stipulated the gradual termination of the program within six months, and the immediate transfer of $1 billion of unrelated funds to the Development Fund for Iraq.
Resolution 1483 provided the legal cover under which the Coalition Provisional Authority exercised its influence and charted a course for channeling financial assets and oil revenues into reconstruction efforts. While it lifted sanctions, it placed Iraqi financial resources under international oversight and granted the Coalition Provisional Authority broad powers. Executive Order 13303 and American protection In conjunction with Resolution 1483, US President George Bush issued Executive Order 13303 on May 22, 2003, to provide broad legal protection for the Fund’s money and oil revenues from any international prosecution or seizure, to ensure the continuation of reconstruction.
Practical implementation: Regulation No. 2 of 2003 The practical implementation of the requirements of Resolution 1483 was carried out by the regulations issued by the Coalition Provisional Authority, in particular Regulation No. 2 of 2003. Part Three of it stipulated that the funds of the Development Fund for Iraq be kept in an account opened with the Federal Reserve Bank of the United States in New York in the name of “Central Bank of Iraq / Development Fund for Iraq Account”.
Although the regulations granted the Coalition Provisional Authority (CPA) administrator, Paul Bremer, the authority to direct the opening of accounts at other financial institutions, the primary and sole account was opened at the U.S. Federal Reserve Bank.
The bank, acting on CPA directives, transferred 95% of oil revenues to the fund's account and 5% to a compensation account. End of the Development Fund for Iraq (DFI) Pursuant to Security Council Resolution 1956 of December 15, 2010, adopted at the request of the Iraqi government, the arrangement for depositing oil export revenues into the Development Fund for Iraq was terminated effective June 30, 2011. This ended the mandate of the International Advisory and Monitoring Board (IAMB). Consequently, the management of the funds was transferred entirely to the Iraqi government, but without comprehensive international protection. Iraq became dependent on an annual executive order issued by the US president (such as Executive Order 13303) to provide legal immunity for its funds held abroad against creditor claims. Current money management: IRAQ2 account With the original Development Fund for Iraq (IRAQ1) coming to an end in 2010, the management of oil funds moved to a new mechanism: 1. Existing Bank Accounts (IRAQ2): The Iraqi government has opened an alternative account at the Federal Reserve Bank of New York known as (IRAQ2). All revenues from Iraqi oil sales are deposited into this account and then transferred within 24 hours to the Central Bank of Iraq's account (IRAQ1) to avoid international claims or seizures, as the funds deposited therein are classified as sovereign funds belonging to a central bank. 2. Mandatory Deposit: Since Iraq prices its oil in dollars, it is obligated to deposit its revenues in the Federal Reserve Bank of New York. Furthermore, the outstanding external debt (approximately $40 billion) prevents Iraq from easily closing these accounts or transferring the funds, as they would be subject to immediate seizure by creditors once removed from the US protection umbrella. 3. Memorandum of Understanding: To ensure the continued flow and protection of oil funds, a memorandum of understanding was signed on June 2, 2014, between the Federal Reserve Bank and the Iraqi Ministry of Finance to regulate the operation of the IRAQ2 account, an agreement that still represents the legal basis for depositing Iraqi funds in the United States. Temporary sovereign immunity With the expiration of the international protection provided by the United Nations under Chapter VII, Iraq now relies on sovereign immunity, renewed annually by the US president, for funds deposited in the Federal Reserve, provided these are sovereign funds and not derived from commercial activities. This annual immunity aims to protect Iraq's funds from previous creditors, as there are still outstanding debts estimated at around $40 billion owed to countries both within and outside the Paris Club. There are also concerns that unknown creditors may file lawsuits once the sovereign immunity expires. The position of the Central Bank of Iraq The Central Bank of Iraq, represented by its Investment and Foreign Transfers Department, issued an official document addressed to the General Secretariat of the Council of Representatives, explaining the legal and logistical mechanisms adopted for managing Iraqi funds abroad. This document was a response to parliamentary inquiries submitted by MP Adnan al-Jabri. The bank explained in its letter No. (5/3/1464) dated March 14, 2024, that the legal basis for depositing crude oil revenues into account (IRAQ2) dates back to after the expiration of the extension of the executive order issued by the US President in 2003, as well as after the end of the protection that the United Nations provided to Iraqi funds in 2010.
The central bank also warned that closing accounts at the Federal Reserve would have serious consequences, including:
A- Exposing Iraq to the risks of international and judicial claims.
b) Loss of the ability to conduct financial settlements in US dollars due to the lack of sufficient alternative channels. The path towards permanent sovereign immunity
To secure Iraqi funds, a transition from temporary protection to permanent sovereign immunity is required. This can be achieved by completing the settlement of the remaining Paris Club debt and strengthening relations with major powers (the United States, China, the European Union, Japan, and Russia) to secure their support in protecting Iraqi funds. link
🚀🌍 Iraq and the Path Toward a Major Economic Transformation
📊 In my view, Iraq is continuing to move forward with what appears to be a broad and strategic economic transformation aimed at strengthening the country and reducing long-term dependence on oil revenues.
🛢️ There are ongoing discussions about increasing non-oil revenues significantly, with some reports suggesting targets as high as 45%, which would represent a major shift in economic thinking and structure.
🏗️ At the same time, Iraq is advancing several large-scale national projects, including major infrastructure developments, trade routes, and port expansion initiatives such as the Port of Faw. These projects are part of a broader vision to modernize the country’s economic foundation.
🏦 Financial and banking reforms are also being mentioned as part of this transition, suggesting continued efforts to improve efficiency, transparency, and integration into global financial systems.
💡 From my perspective, what stands out is the direction: Iraq appears to be building multiple pillars for a more diversified economy, combining energy, trade, infrastructure, and financial modernization.
🌍 While the process is complex and gradual, the overall trajectory seems focused on long-term structural change and economic strengthening.
There is much progress being made in the planning for this radical economic transformation to bring Iraq in the direction we all need it to go.
My CBI contact has informed me that meetings are being held to discuss these plans now with the new prime minister, his finance committee and the US Treasury.
Article: “GOVERNMENT ADVISOR: NEW FINANCIAL STRATEGY TO RAISE NON-OIL REVENUES TO 45%”.
This is a huge amount. I especially like it because it gives us a benchmark to go by. We know already that Iraq has lowered already the dependence on oil but only by about 5-10% over the last couple decades. That’s not a lot of progress. So, this is going to be a drastic change, a huge change in thinking for Iraq.
Remember that they are moving ahead with the Development Road project, the port of Faw is already open and the ASCUNDA system it implemented and just needs to finalize districts in Kurdistan for full implementation.So lot’s of the ground work is already laid.We also previously learned about these Financial and Banking reforms and so my opinion is...it too is already mostly done... I will tell you...this can be done quickly if they get serious about it, which it sounds like they are...All we can do is sit back and see what they do.
📊🧭 Where Iraq Stands Economically Today: The “Intermediate Transition Stage”
After analyzing key real-world economic indicators, Iraq is best classified as being in an intermediate stage of economic transformation — not early-stage, but not yet a fully advanced diversified economy.
🟡 🛢️ 1. Still Oil-Dependent (But Stabilizing)
Oil remains the main source of government revenue
Budget planning is still heavily linked to oil prices
📌 This prevents Iraq from being considered an advanced diversified economy.
🏦 2. Financial System in Modernization
Banking reforms and digitalization are ongoing
Regulatory improvements are being introduced
However, financial inclusion is still limited compared to advanced economies
📌 Clear sign of transition, not maturity.
🏗️ 3. Private Sector Growing, But Not Dominant
Construction, trade, and import sectors are expanding
The government remains the largest economic driver and employer
📌 The economy is not yet fully market-driven.
🌍 4. Foreign Investment Is Increasing
Growing international interest in energy and infrastructure
Ongoing projects and partnerships are developing
Still limited by bureaucracy and regulatory risk
📌 Positive momentum, but not full-scale maturity.
⚖️ 5. Political Stability Improving
Better coordination between Baghdad and Erbil 🤝
Progress on budget and energy agreements
Some structural issues remain unresolved
📌 Stability is improving but not fully consolidated.
📈 6. Economic Diversification in Progress
Non-oil revenue initiatives are expanding
Reform efforts are ongoing
Oil still dominates the economic structure
📌 Diversification is underway, not completed.
🧠🧭 FINAL CONCLUSION
👉 Iraq is currently in an INTERMEDIATE ECONOMIC TRANSITION STAGE
It is:
✔️ More stable than an emerging fragile economy ✔️ Actively reforming its financial and political systems ✔️ Expanding investment and non-oil sectors
But still:
❌ Heavily dependent on oil ❌ Structurally incomplete in financial diversification ❌ Not yet a fully advanced market economy
🚀📊 SIMPLE SUMMARY
✔️ Functional and active economy ✔️ Ongoing reforms and modernization ✔️ Improving political stability ✔️ Gradual diversification ❌ Still oil-dependent ❌ Financial system not fully mature
NEW UNDERSTANDINGS BETWEEN BAGHDAD AND ERBIL… AL-ZAIDI “IMPLEMENTS LONG-AWAITED KURDISH DEMANDS”
Wafa Muhammad Karim, a member of the Kurdistan Democratic Party, said on Monday (May 25, 2026) that the visit of the Prime Minister of the Kurdistan Region, Masrour Barzani, to Baghdad was very important, especially in light of the positive understandings with the government of Prime Minister Ali al-Zubaidi.
Karim told Baghdad Today that “there are many outstanding contentious issues between the governments of Baghdad and Erbil that have persisted for more than a decade and a half, but the current phase has witnessed practical steps to implement a number of demands, especially those related to the oil file and moving towards enacting the oil and gas law.”
He added that “the current moves also include fixing the region’s share of the budget and keeping the issue of salaries away from political wrangling, which the Prime Minister emphasized during his recent statements.”
He explained that there is “full support for the government of Ali al-Zaidi as long as it continues to implement the constitutional demands that he had previously emphasized during his visit to Erbil,” indicating that the agreements related to the oil file, the “Sycoda” customs system, and the state’s revenue shares, in addition to the return of oil companies to work in the Kurdistan Region, all need broad political and parliamentary support.
Karim pointed out that implementing Article 140 and guaranteeing the region’s share of the budget are an essential part of the ongoing understandings between the two sides.
He explained that Masrour Barzani held meetings with a number of political leaders from the Sunni and Shiite components, with the aim of rallying political and parliamentary support for the agreement concluded between the governments of Baghdad and Erbil.
He added that the regional government also submitted a proposal to Baghdad regarding the lighting project and support for electricity in Baghdad and other governorates, in addition to the governorates of the Kurdistan Region, noting that the Minister of Electricity was present during these moves.
He stressed that “the current indicators are very good,” noting that Masrour Barzani expressed his optimism about the new government, and considered that “the positive points in the relationship between Baghdad and Erbil have become more than the points of contention.”
Relations between the federal government in Baghdad and the Kurdistan Region have been marked for years by multiple contentious issues related to oil, gas, the budget, the salaries of the region’s employees, as well as the management of border crossings and the implementation of Article 140 concerning the disputed territories.
During the last phase, political calls intensified for finding lasting understandings between the two sides, given the need to strengthen political and economic stability, especially with the continued financial, energy and services challenges in Iraq.
