purity nearly 95%, suitable for glass and colored glass production 🏭
Market Value: $100–$150 per ton, potentially generating billions for Iraq’s budget 💰
Employment Impact: Could provide 10,000+ job opportunities 👷♂️👷♀️
⚡ Uses of Silica Sand:
Glass manufacturing 🥛
Silicone products & building materials 🏗️
Electronics, solar cells, and filtration processes ☀️🔬
🌐 Global Context:
In 2024, worldwide silica sand consumption reached ~479 million tons
Market value: $14–$72 billion, depending on quality and pricing 💵
🛠️ Challenges & Opportunities:
Current investment procedures are weak
Need to amend Mineral Investment Law No. 91 (1988) to better exploit Iraq’s natural resources ⚖️
Iraq has local expertise capable of managing and investing in these resources efficiently ✅
⚡ Bottom Line: Iraq’s silica sand reserves represent a major economic opportunity, potentially rivaling oil in generating revenue and jobs while supporting industrial growth and innovation.
After zero deletion, the IQD will be pegged to a basket of currencies, not just the USD.
This allows the dinar to increase significantly in value, leading to the real RV rate everyone anticipates.
Once implemented, the exchange rate will be the same internationally, no separate “contract” rates.
Cash Outside the Banks 🏠💰
Financial expert Mahmoud Daghir estimates 90 trillion dinars are held by the public out of 98 trillion total.
A large portion of this may be outside Iraq, including the US, Canada, and Europe.
Retrieving these dinars requires the currency change and rate adjustment—the only practical way to get cash back into banks.
⚡ Bottom Line: The zero deletion is just the first preparatory step. The major rate everyone wants ($3.81–$4.00 or similar) comes after the dinar is reinstated on FOREX and allowed to float against a basket of currencies. The upcoming changes are global, not just domestic, and aim to recover liquidity and restore trust in the currency.
Question: When does our real RV nominal rate come out, the big rate we all want such as $3.81 or $4.00 as we are told might be the rate? Mnt Goat: ...the Project to Delete the Zeros is ONLY the first step of the process to get to FOREX and the dinar is still solely pegged to the dollar. It is to collect all the larger notes and issue the lower denominations.
This is the purpose of this step. The CBI will be VERY concerned about inflation afterwards and so they told us there will be a period of time before they move to the next step.
The next step is the REINSTATEMENT on to FOREX. The peg will change and the IQD will be repegged to a “basket” of currencies that will allow it to change drastically higher...This is how we get the rate we want. This is when we go exchange.
Article: “FINANCIAL EXPERT: PEOPLE DO NOT TRUST BANKS AND ARE STORING THEIR MONEY AT HOME.”
Article Quote: “Financial expert Mahmoud Daghir revealed on Sunday that the amount of cash held by the public is estimated at around 90 trillion dinars, out of a total money supply of 98 trillion dinars in Iraq”.
Folks, I believe they do not want to talk much about the dinar we have outside of Iraq. It could very well amount to very close to a trillion dinars alone. How are they going to retrieve our dinars?
This of course is a rhetorical question, as we all know the answer.
Nader From The Mid East
There's no in country and outside country. When you say international, when you put something international... they're going to put it to float and all that, the rate will be same thing everywhere over the world...I never heard of contract rate or nothing like that before.
I saw this article, this is the 3rd time I see it in one year. They keep talking about about and talking about. It's about how much money there is in the street...
They say 92 trillion dinars on the street and they don't know how to get them to the banks. A lot of these trillions are outside the country, we have them. They're everywhere, United States, Canada, Europe, everywhere.
The only way to get this trillions out of the streets, it's by changing the currency and changing their rate. That's the only way they can get this 92 trillion dinars out of the streets...That's exactly what's going to happen soon.
📌 Fiscal Policy as Sovereignty 💰 Fiscal policy is a core tool of national sovereignty, enabling governments to manage finances in line with national interests. For Iraq, this includes effectively controlling the Iraqi dinar.
🏦 Currency Management Essentials:
Issuing national currency 🏛️
Controlling the volume in circulation 🔄
Linking the dinar to international currencies 🌍
Managing currency inflows & outflows 💸
Assigning authorities to manage & invest funds efficiently 🧩
The government balances dinars in circulation against currency backing (foreign currencies & precious metals) to preserve its value.
Maintaining liquidity is essential to prevent economic instability.
⚠️ Liquidity Crisis Indicators:
Fiscal deficit in revenue vs expenditure 📉
Challenges in managing dinars supply & liquidity
Difficulty meeting government obligations (salaries, operations)
💡 Economic Equilibrium Risks:
Mismanagement can lead to economic collapse or severe deficits.
Current fiscal challenges indicate potential broader economic impacts.
🔎 Key Terms:
Fiscal Deficit: Expenses exceed revenues or poor currency management
Currency Backing: Assets supporting the currency (foreign reserves, metals)
Dinar Liquidity: Availability & flow of dinars in the economy
⚡ Bottom Line: Iraq is facing a liquidity crisis that threatens economic stability. Effective fiscal management and currency controlare vital to prevent collapse and maintain government operations.
💥 Bank of Baghdad Forms New Board of Directors – Part of Iraq’s Banking Reform Program
📅 Tuesday, November 4, 2025 | 🏦 Economic News
The Bank of Baghdad, one of Iraq’s leading financial institutions, announced the formation of a new Board of Directors during its 9th Extraordinary General Assembly — a key move within the national banking reform program. 🇮🇶
🧩 New Members Elected: ✅ Original Members: Tamara Hussein Al-Shadidi, Khaled Sharif Al-Hazza, Nidal Faiq Al-Qabaj, Ahmed Tahseen Al-Ma’la (Authorized Manager) ✅ Reserve Members: Yazan Bader Kurdi, Salah Muhammad Salim, Baidaa Salem Suleiman, Inas Abdul Rahman Al-Qaisi, Fadi Muhammad Ayad, Zuhdi Bahjat Al-Jayousi, Taha Jaafar, Ghassan Ahmed Salim, Niran Sabri Ishaq
💬 Managing Director Ahmed Tahseen Al-Ma’la stated:
“This marks a strategic step to strengthen corporate governance and
separate ownership from executive management. We are proud to be the first Iraqi bank implementing the Central Bank’s new framework, reflecting our commitment to international standards.” 🌍