MARKZ: BANKS ACCEPTING IQD, VND, IDR : To me this is a great sign we are very close!! #iraq #iqd

 

Where Did It Go? .. Iraq's Internal Public Debt Is Rising.

 Where Did It Go? .. Iraq's Internal Public Debt Is Rising.

Posted on2025-06-07 by sotaliraq   June 7, 2025  The Central Bank of Iraq announced today, Saturday, that Iraq's domestic public debt rose at the end of March of this year, revealing the entities to which the debts were allocated.

The bank stated in an official statistic that Iraq's domestic debt rose to 85.536 trillion dinars at the end of March 2025, compared to 82.608 trillion dinars in February.

She added that this debt also increased by 2.91% compared to the end of 2024, which amounted to 83 trillion and 50 billion dinars, and increased by 17.53% compared to the end of 2023, which amounted to 70 trillion and 585 billion dinars.

The bank explained in its statistics that these debts, amounting to 85.536 billion dinars, come in the form of bonds amounting to 12,567,939 trillion dinars, in the form of government bank loans amounting to 5,800,000 trillion dinars, and in the form of loans to financial institutions amounting to 13,352,406 trillion dinars.

He added that the debt also comes from treasury transfers for the Ministry of Finance amounting to 2,030,000 trillion dinars, treasury transfers amounting to 51,030,130 trillion dinars, and debts on the Ministry of Finance amounting to 755 billion and 519 million dinars.  LINK

JON DOWLING UPDATE

 JON DOWLING 

 This coming week is huge! A new Fed chair, coupled with a China trade agreement will drop the interest rates,

 as well as expand QE money printing, which on the surface sounds bad, but what it ultimately achieves is sending the old Federal Reserve system off the proverbial cliff side! 

Which is why Ft. Knox will be audited, followed by the Fed and then the Gold standard reintroduced. All falling into place this summer, which is just about here by the way. 

Let’s not overlook silvers resurgence as well. Back to bratty all time highs and climbing. Nothing will stop precious metals and soon cryptos from accelerating as all these aforementioned items link into high gear. Better be prepared folks!

FIREFLY: They say soon the parallel market price will come to match the official CBI rate #iqd

 

Iraq Moves Towards Its "Forgotten Treasure"

 Iraq Moves Towards Its "Forgotten Treasure"

Posted on2025-06-07 by sotaliraq  On Friday, the Parliamentary Foreign Relations Committee called on the Iraqi Ministry of Foreign Affairs to demand that ambassadors and chargés d'affaires at embassies and consulates abroad take serious action to inventory Iraqi property and officially return it to state ownership.

$90 billion in the shadows... Iraq searches for a map of its forgotten treasure.
Committee member Mukhtar al-Moussawi said, "Iraq has numerous assets and real estate properties in various countries around the world, and all their original and documentary evidence is available. 

However, it requires intensive efforts to inventory them and take the necessary measures to recover them from those entrusted with them or those in whose names they were registered during the former regime."

Al-Moussawi called on the Iraqi Ministry of Foreign Affairs to "demand that Iraqi consuls and ambassadors take the necessary action and make genuine efforts to recover these numerous Iraqi assets, valued at millions of dollars, including a large mosque in Australia, large tea plantations in Sri Lanka, and farms in Yemen."

Regarding the lifting of the seizure of some properties belonging to the former regime within the Green Zone, Al-Moussawi confirmed that "some properties will be sold to their occupants at a price estimated at four million Iraqi dinars per square meter, a price that is not commensurate with the importance and location of these properties."

Shafaq News Agency revealed in an investigation, citing senior diplomatic sources, that Iraq has at least 50 real estate and investment projects spread across Europe, Asia, and Africa, including luxurious palaces, farms, banks, commercial offices, and strategic factories.

These assets were part of Iraq's expansionist economic policy during the 1970s and 1980s, when it used oil revenues to purchase strategic assets around the world to bolster its economic and diplomatic standing.

However, after the fall of the regime in 2003, this issue entered a cycle of neglect and loss. The Parliamentary Integrity Committee revealed that essential property documents had been stolen or destroyed, that some properties had been transferred to individuals or front companies affiliated with the former regime or networks linked to it, while others remained without any significant follow-up.

Initial estimates put the value of these assets at between $80 and $90 billion. Economists believe that recovering even a small portion of them or investing them properly could generate sustainable revenues for a country whose budgets depend almost exclusively on crude oil exports.

However, according to legal experts, some of these assets may have been subject to statutes of limitations in host countries, or were subject to legal actions that legalized ownership by third parties after Iraq's absence from the scene for two decades.

In addition, there is a fear that internal political interference could hinder recovery efforts, especially if current properties are tied to powerful interests or old contracts that are difficult to cancel without engaging in complex legal disputes.  LINK

TIDBIT FROM MILITIAMAN

 Militia Man  

Iraq is under sanctions and is not actively traded globally at any significant means. 

 But when they are, when they do have a real effective exchange rate, there's going to be an impact to all [their] trading partners...When Iraq hits the Forex they're going to be monitoring all those [trading] countries to play by the rules with a level playing field...They're going to have to play fair with real fundamentals...

They're not going to want anybody taking advantage of when Iraq has a real effective exchange rate.  They want a stable exchange rate.

WALKINGSTICK :This [Forex] memo confirms the IIQD is fully armed for public rate visibility at $4.81