MILITIAMAN: Iraq Dinar News-Reformed Banks to International Standards-Integration-Global Financial Markets, 25 MARCH

MILITIAMAN: Iraq Dinar News-Reformed Banks to International Standards-Integration-Global Financial Markets

Summary

In this video, the speaker outlines key developments regarding the banking sector in Iraq, particularly focusing on the ongoing reforms in the Rafidain and Rashid banks. The Prime Minister of Iraq, 

Shia El Sudani, is emphasizing the urgency of adopting international banking standards to accelerate the reform of these state-owned banks. 

The speaker notes that privatization of these banks is a critical component of Iraq’s broader monetary reforms, with the expectation that these changes will lead into the reevaluation of the Iraqi dinar.

The discussion also touches on the importance of digital transformation in the banking system, highlighting the establishment of a new bank named Rapidan First Bank as part of these reforms.

 The speaker notes the significance of engaging global financial practices to enhance confidence in Iraq’s banking industry. Additionally, a consultant from the government speaks on the need for an efficient company registration process, introducing a new electronic system that drastically reduces the time it takes to register a company, thereby fostering investment and boosting the economic climate.

The speaker expresses optimism about Iraq’s shift towards diversifying its economy by reducing reliance on oil revenue, proposing measures like activating tax collection systems and promoting private sector engagement.

 The discussion also covers the modernization and digitalization of Iraq’s financial systems, hinting at a strategic connection to international systems, including potential use of digital currencies.

Highlights

• 🌞 Community Engagement: The speaker invites viewers to participate in a vibrant Patreon community and join discussions on platforms like Discord.
• 🏦 Banking Reforms : Prime Minister Shia El Sudani is focused on reforming Rafidain and Rashid banks to meet international standards.
• 💻 Digital Banking Transformation: Introduction of advanced banking systems and digital transactions to enhance operational efficiency and security.
• 🌍 Global Integration: Iraq aims to integrate into global financial markets, boosting investor confidence and opportunities.
• 📊 Private Sector Growth: Emphasis on shifting citizens’ focus from public employment to thriving private sector opportunities.
• ⏳ Streamlined Company Registration: New electronic systems reduce company registration time from weeks to minutes, enhancing business efficiency.
• 📈 Economic Diversification: Strategies are put forth to lessen Iraq’s dependence on oil by fostering development in various sectors and sources of revenue.

Key Insights

• 🌐 Urgency of Banking Reforms: The current push for reform in state-owned banks indicates a strategic shift towards private banking that could bolster Iraq’s economic stability. The prime minister’s engagement signifies awareness of international banking standards’ criticality to attract foreign investments.

• 📉 Privatization as a Path to Success: The privatization of banks is not just an overhaul of the banking system but is indicative of a broader economic strategy to improve financial health and credibility on a global stage, essential for the anticipated revaluation of the Iraqi dinar.

• 🔍 Importance of Digital Transformation: The shift towards digital infrastructure within Iraq’s banking sector suggests a significant alignment with modern financial technologies, improving transaction processing, transparency, and anti-corruption measures, and is likely to position Iraq favorably among international banking standards.

• 💰 Investor Attraction via Modern Banking: By enhancing the banking sector with advanced monitoring systems and compliance regulations, Iraq is working to create an inviting environment for investors, thereby expanding its economic landscape beyond oil dependency.

• 🏢 Digital Systems for Business Efficiency: The establishment of a unified electronic system for company registration reduces bureaucratic delays and demonstrates a commitment to improving the business climate and encouraging entrepreneurship, particularly for larger investments, possibly leading to increased economic activity.

• 🌱 Broad Economic Strategy: Iraq’s focus on diversifying its economy by reducing oil dependency highlights an initiative to create sustainable revenue sources through sectors like agriculture, industry, and services, showcasing a long-term vision for national economic resilience.

• 🔗 Global Economic Relationships: Discussions surrounding the Silk Road and potential partnerships in regional development indicate a strategic positioning of Iraq within larger economic frameworks that may bolster its trade relationships and position as a central player in Middle Eastern economic networks.

Conclusion

The speaker’s insights shed light on the critical reformative actions being taken by Iraq’s government, particularly in the banking sector, as well as the comprehensive strategies aimed at revitalizing its economy through modernization and digital transformation. The intended outcomes not only encompass improvements in internal banking practices but also align with a global financial perspective that Iraq aspires to achieve, making significant strides towards a robust economic future. As the nation embraces these changes, the potential positive repercussions on investment, economic stability, and international partnerships become increasingly clear, setting the stage for substantial economic growth alongside a diversification away from traditional oil dependency.

 

MARKZ: How long will have to exchange? @DINARREVALUATION #iraqidinar #iraq #iraqidinarinvestor

 

FRANK26: "ECONOMIC REPORT FROM THE GOI THAT POINTS TO A NEW EXCHANGE RATE!!!", 25 MARCH

 KTFA

FRANK26: "ECONOMIC REPORT FROM THE GOI THAT POINTS TO A NEW EXCHANGE RATE!!!"....F26

 

Forecasts of global economic variables and their impact on the Iraqi economy (2025-2030)

 

Samir Al-Nusairi

   

 

In light of analyzing the current situation of international economic, political and security variables and the extent of their expected
impact on the Iraqi economy. And with a close eye to the challenges and crises that the national economy has gone through, influenced by the economic crises that the major economic countries have suffered from, and the strategic conflicts between America and China, and the bias of some countries towards the American strategy to lead the world economically, and other countries moving towards the strategy of China and some emerging countries to establish a new international economic pole to confront American hegemony.

One of the most prominent consequences of this conflict is the global energy and food crisis, which has lasted for more than a decade and continues to plague countries with weak, poor, and rentier economies, preventing them from making a structural and comprehensive transition to emerging economies capable of withstanding the impacts of global economic conflicts. Since mid-June 2014 and until the first quarter of 2020, the Iraqi economy has faced complex and cumulative challenges due to shifts in the global economy, the slowdown in global economic growth due to the US-China conflict, the COVID-19 pandemic, the fight against terrorism, the decline in global oil prices, which reached rates exceeding 70%, and the economic recession. Most countries around the world have been affected by these repercussions, which have had a profound impact on the Iraqi economy. What concerns us is the outcome of these repercussions and the expectations, impacts, and implications for the current economic reality in Iraq in the coming years and until 2030.

In light of the study and analysis, the following can be expected at the level of the global economic system and its repercussions on Iraq:

Firstly, it is expected that the growth rates of the global economy will decline significantly in the American economy and the economies of the European Union countries, China and Russia, but at varying rates. The economic recession will prevail in most countries of the world and this will be reflected in a slowdown in the growth of the gross domestic product by rates ranging between (4-10%) in the Arab oil-producing and non-oil-producing countries, especially after the countries of the geographical region entered new challenges due to the Zionist aggression on Gaza, the West Bank, Lebanon, Syria and Yemen. This has created a new complex situation that will have negative effects on the national economy.

Secondly, the new global economic order that we expect to emerge in the coming years will inevitably take shape and will be under the clear economic and financial leadership of America and China. The Silk Road will be activated to include the countries through which it was planned to pass to revive their economies and will actually be completed. It is also expected that the development path will be completed and that there will be an important role for Iraq and the countries participating in the project and that this will have positive repercussions on the economy.

Thirdly, the philosophy of economic management will most likely shift from the capitalist market economy to the social market economy currently adopted as a disciplinary ideology, as in China and some other countries around the world. These are just early predictions, and the Arab economy will most likely be subservient to the new, larger and more economically powerful pole.

So what is required of economic decision-makers in Iraq in the face of these developments and changes expected to sweep the world? I see, with a penetrating analytical eye to the current economic reality, that we urgently need radical and comprehensive economic change and reform based on the following key axes:

First: Re-changing the map of national income resources by reducing dependence on oil as the main resource and activating other resources in the coming years to bring them to 30% of the total resources of the general budget.

Second: Radically and comprehensively changing agricultural, industrial, commercial, oil, energy and water policies by relying on local resources to ensure food and water security, encouraging, protecting and supporting local production, and developing programmes and strategies to protect consumers.

Third: Supporting, developing and stimulating the private sector and utilizing its capabilities, potential, capital and investments in building the national economy and involving it in economic decision-making and economic management.

Fourth: Developing clear strategies for coordination between monetary and fiscal policies, formulating clear financial policies, and restoring the foundations for preparing and presenting annual general budgets based on programs rather than items. Reducing the budget deficit to the legally specified percentage of the gross domestic product, as well as reducing domestic borrowing to the lowest possible level and avoiding borrowing from abroad at all.

Fifth: Completing the new methodology adopted by the Central Bank for banking reform and development and digital transformation in all digital fields, with a focus on implementing the Central Bank’s strategy, establishing the financial center, and using artificial intelligence in analyzing, ensuring transparency and accuracy of data for sound economic planning purposes and overcoming the challenges of instability in the financial and monetary systems. This means developing coordinated and balanced plans to overcome the challenges of monetary policy, the challenges of the deficit in non-oil revenue, the deficit in the balance of payments and the trade balance, and the percentage of contribution of the productive sectors (the real economy) to the gross domestic product.

 

LINK

 

MARKZ: More reports of groups now bringing in and staffing up for early April, 25 MARCH

 EXCERPTS FROM MARKZ

MZ: On the domestic side I am getting more and more reports of groups now bringing in and staffing up for early April. They are for taking in new dollars…not just groups who have already aggregated dollars. This tells me we have to go sometime between now and then…this makes the most logical sense. . 

Member: One week until early April…..let’s go!!!!

MZ: At least it gives us a clue on possible timing. 

Member: Rumor: bonds being paid in Zurich and a few other European countries??  Hope its true. 

MZ: I am hearing they are setting up and they are being told they will pay them out all at one time. There has been some movement from “resellers” and some facilitators with dollars. Now groups are making travel arrangements with currency holders who still physically have them to turn in. Things are getting awfully close. 

FIREFLY: All of this points to a new exchange rate coming!! @DINARREVALUATION #IQD #iraq

 

FRANK26: "YES IT IS... THAT'S WHY THE HCL IS NOW COMING"., 25 MARCH

 KTFA

FRANK26: "YES IT IS... THAT'S WHY THE HCL IS NOW COMING".........F26

Distributing oil revenues to citizens...an economist rages: "Isn't this enough nonsense?"

3/23/2025

 

- Baghdad
 

Controversy is escalating in Iraq over lawsuits filed by citizens demanding their share of oil revenues. An expert has warned of the disastrous economic consequences of such demands, asserting that direct distribution of oil revenues would lead to the collapse of the Iraqi economy within just one year.

Oil expert Nabil Al-Marsoumi said that oil revenues for 2024 amounted to $90 billion, while non-oil revenues are estimated at only $13 billion, barely enough to cover the government's purchases of electricity, gas, and food ration card items.

He emphasized that demands to distribute oil revenues to citizens ignore economic realities. Allocating all oil revenues would deplete the central bank's cash reserves, forcing the government to resort to deficit financing, or "printing money," to pay employee and pensioner salaries and social security, which total $70 billion annually, in addition to operating and investment expenses, which total no less than $30 billion annually.

Al-Marsoumi added that this approach would lead to rampant inflation and a collapse in the exchange rate of the Iraqi dinar after its flotation, thus plunging the country into a stifling economic crisis within just one year.

However, if half of the oil revenues were distributed, the collapse would occur within two years, according to Al-Marsoumi, who concluded with a sarcastic question: "Isn't this enough fooling around?"

This statement comes amid lawsuits filed by dozens of Iraqis before the courts of appeal, citing Article 111 of the constitution, which states that "oil and gas are the property of all the Iraqi people in all regions and governorates."

Legal experts believe these lawsuits involve complex details, noting that national wealth is managed for the benefit of citizens through public services rather than direct cash distribution, a fact confirmed by previous economic experiences in other countries.

On the other hand, some citizens believe that these demands reflect a general dissatisfaction with the performance of successive Iraqi governments in managing wealth, and some have threatened to join these lawsuits if they achieve any positive results.

LINK

FREEDOM FIGHTER: Receipts of the RV #dinar #iraqidinar #youtubeshorts #xrp , 25 MARCH

FREEDOM FIGHTER: Receipts of the RV #dinar #iraqidinar #youtubeshorts #xrp 

Highlights

Summary

The video discusses the frustrations around predictions made by various financial analysts regarding the revaluation (RV) of currencies, particularly focusing on the Intel providers within the currency exchange community. 

The speaker expresses skepticism towards the reliability of the information being shared and shares personal experiences of following these predictions over many weekends without any tangible results. 

Through this commentary, the speaker emphasizes the importance of critical thinking and the necessity of examining the evidence behind financial claims. By digging deeper into the information provided, the speaker has concluded that many Intel providers have not been accurate in their forecasts and suggests a need for a more fact-based understanding of the situation.

• 🧐 Skepticism on Predictions: The video highlights the speaker’s doubts about the accuracy of financial predictions made by Intel providers.
• 📅 Repeated Missed Opportunities: Reflecting on 52 weekends of anticipated revaluations, the speaker questions the credibility of ongoing promises.
• 🔍 Critical Thinking Stressed: The speaker emphasizes the need for viewers to critically assess the information being presented in the financial community.
• 🤔 Looking for Real Evidence: There is a strong focus on finding factual knowledge and receipts that can substantiate claims made by these Intel providers.
• ⚠️ Caution Against Blind Belief: The speaker encourages viewers to avoid hastily believing in predictions without proper evidence.
• 📉 The Reality Check: The notion that no revaluations have happened serves as a wake-up call for those following these predictions.
• 🤝 Community Knowledge: Highlighting groups that provide reliable information, the video suggests collaborating with trusted resources.

Key Insights

• 📊 Disappointment with Intel Providers: In-depth analysis: The speaker’s critique of Intel providers points to a wide-ranging disillusionment within the currency exchange community. Many individuals have invested hope and time into the promises of these providers who continuously announce imminent revaluations. The repeated failure of these predictions undermines trust and highlights the volatility and unpredictability in currency markets. By analyzing collective experiences, it becomes evident that a cautious approach is essential when navigating financial advice from unreliable sources.

• 🔎 Importance of Reliable Information: In-depth analysis: The emphasis on finding “the receipts” is crucial in today’s information age. The availability of data enables individuals to verify claims independently rather than relying solely on what is presented by self-proclaimed experts. The speaker’s insistence on digging deeper signifies a call for due diligence and suggests that the truth often requires effort to uncover. Reliable information can lead to more informed decisions and foster a sound understanding of complex financial situations.

• ⏳ Time Pressure in Financial Predictions: In-depth analysis: The psychological impact of waiting for a financial boon that never materializes can lead to significant emotional and financial stress for investors. The notion that “it’s going to happen this weekend” fosters a false sense of urgency that can cloud judgment and result in poor financial decisions. The speaker’s experiences serve as cautionary tales about patience and the importance of waiting for substantiated indicators of market movements.

• ⚖️ Need for Balance Between Hope and Reality: In-depth analysis: Throughout the commentary, there is a palpable struggle between maintaining hope for lucrative currency exchanges and confronting the hard reality of missed expectations. This balance is essential, as untempered optimism can lead to reckless decisions while complete skepticism may deter individuals from legitimate opportunities. The speaker’s journey represents the need for a balanced perspective where optimism is coupled with sufficient scrutiny.

• 💼 Community as a Resource: In-depth analysis: The mention of finding groups that provide substantial knowledge points to the power of community in navigating financial complexities. Engaging with other knowledgeable individuals not only enhances understanding but also creates a support network for sharing insights and resources. The collaborative aspect of financial literacy suggests that seeking advice from a community of trusted peers can be far more valuable than singular narratives from self-appointed experts.

• 🧩 Connecting the Dots: In-depth analysis: The speaker’s journey of “digging” to connect various pieces of information mirrors a critical method of research that can be applied across different fields. This meticulous approach serves as a reminder that understanding financial systems often requires piecing together multiple sources of information. The ability to synthesize data and create a coherent narrative is imperative for making well-informed financial choices.

• 📉 Navigating Uncertainty with Awareness: In-depth analysis: Finally, the remark that there has been “no RV” reflects a broader context of uncertainty in global finance, particularly in currency markets. Awareness of market variability and the recognition of attempting to predict movements—often fruitless—can lead investors to cultivate a more strategic and less reactive mindset. Staying informed and knowledgeable equips them to better navigate these uncertainties when they arise.

In conclusion, the video provides a thoughtful critique of the Intel providers’ predictions regarding currency investments. It conveys a powerful message about the importance of skepticism, critical engagement with financial information, and the need for a discerning approach to predictions made by so-called experts in the financial community. Ultimately, viewers are encouraged to participate actively in their financial education and rely on evidence-based information when making investment choices, forming a more pragmatic perspective on the potential for currency revaluation.