Militia Man – Iraq-Rashid & Rafidain Bank Merger-Investment Fund-Gateway to Development (Uncut) 04-07-2025

Militia Man – Iraq-Rashid & Rafidain Bank Merger-Investment Fund-Gateway to Development-USA Senior Delegation-IQD

Hey everyone, before I get started I just want to remind you that if you like my content hit that like button, subscribe to my channel, and then join the Militiaman and Crew Patreon community by clicking the link in the caption. Good evening everybody, it’s Sunday evening. I just want to say hello from the Militiaman and Crew and we’re just going to jump into some news tonight and just see how it goes.

It looks like everything’s rolling out pretty nice. This article is, as you’ve seen in the news, is that the United States has made some what a lot of people think is aggressive moves in leveling the playing field with the tariffs, etc. But this article states that the effects of new U.S. policies on the national economy.

It’s kind of a long read. I’ll let you guys come into Patreon and check it out, but the effects of new U.S. policies on the national economy. A couple of key points.

They talk about, I’m going to start off with the second point that they mention is the new world economic system, which we expect to appear in the coming years, will inevitably be formed with a clear and economic financial leadership from America, China, and other poles. It will work with the Silk Road to include the countries that were planned to pass through to revive their economies. It will actually achieve it.

I like that part. It is also expected to accomplish the path of development, and there will be an important role for Iraq and the countries participating in the project, and that has a positive repercussions on the economy. And al-Nasiri is a very well-known advisor, and he’s the one that’s speaking to this.

So it’s expected to accomplish the path of development, which is an important role for Iraq and those countries that are participating in the project, which we all know is the neighboring countries, of course. And we’ve seen some recent stuff that’s out about Turkey and water, and al-Sudani’s visit coming up, possibly in days, is going to have the development road as a major point and water, okay, and probably oil. Interestingly enough, they don’t mention it, but we know that the Cyan port hasn’t started oil.

They primed the pumps effectively. We know that much, but they haven’t gone any further. He goes on and says, I see with an insightful analytical view of the current economic reality that we urgently need radical and comprehensive economic change and reform.

I’m wondering what he’s saying. Is he approving of Al-Alaq’s initiative to finish the Delete the Zeroes project or something similar? It sounds like it. The second thing that he says, well, basically, sorry, you guys.

First, it says, re-changing the map of national income resources by reducing dependence on oil. So reducing the dependence on oil is a big thing because they’re going to go to that private sector. And now that we see that there’s some concern in the oil markets because oil has dropped significantly since this new initiative from the United States, that they’re going to have to be ready for that.

And we all know that for many years now, since Al-Sudani has been in office, they have been doing that. And when they have that special time, if you will, they’re going to create that private sector partnership with the world. And that’s what they’re talking about.

Anyway, he says, radically. And he says, the second thing is radically and comprehensively change agricultural, industrial, commercial, oil, energy, and water policies by adopting local resources and securing food and water, encouraging, protecting, and supporting the total and the locals, their production, and developing programs and strategies and consumer protections. It just talks about capital investments, building the national economy, economics decisions, and managing the economy.

So in the fourth thing, it says, clear strategies for coordinating monetary and financial policies, drawing clear financial policies, reestablishing the preparation and presentation of annual general budgets on the basis of programs, and just not clauses, reducing the deficit and budgets to legally determined ratios to GDP, and as well as reducing domestic borrowing to a minimum as possible, and even not borrowing from abroad at all. So it looks like they think that they can have enough income to where they won’t have to borrow. That’s really big.

The last thing I want to touch base is on in this article, it says, it’s the fifth item. It says, completing the new methodology adopted by the central bank and reform banking development and digital transformation in all digital fields, with a focus on implementing the central bank’s strategy and the development of that strategy and its financial position, and using artificial intelligence in the analysis, transparency and accuracy of data for the purposes of proper planning for the economy, and to overcome the challenges of instability in the financial system and the monetary system. So look, Al Nasseri’s tone got my attention today.

Basically, he speaks of radical reform changes to come. It should grab everybody’s attention when this man and others talk with purpose like that. So like it or not, radical change is coming to Iraq.

The development road project is probably going to be a really big deal, and it’s not going away. It’s obvious. It’s in front and center, and that should have everybody as excited as I am, because it’s welcoming to see the amount of things that we are watching and being accomplished that we have never seen before.

This article is called Government Consultant, 95 trillion dinars kept outside the banking system. First thing I want to say is that you realize that there’s a lot of people in Iraq that still have money, but remember that 20 years ago or less, right, whatever, a lot of people had to leave the country. A lot of wealthy people left the country during the war.

So there’s a lot of people, a lot of Iraqi citizens here in the United States that have a lot of money. They really do. There’s big communities, hundreds of thousands to millions of Iraqis in the United States, and those are some of the wealthiest people that were in Iraq a long time ago, because a lot of them weren’t welcome at the time Saddam Hussein was around.

So look, keep that in mind when they talk about 95 trillion dinars, okay. It’s a lot of money, of course, but it’s not all of the money. Remember one thing too.

The currency is going to change in some shape or form in value, and so for them to have, to be able to absorb this amount of money over time, they’re not just dealing with oil and the shocks of oil. They’re dealing with a lot of things, a lot of things over. They’re non-oil, their taxes and tariffs at the borders are taking care of all of that stuff, and then again, change the value of the currency.

It will reflect very powerfully on a lot of people, especially everybody, because there’s only a finite amount of money that Iraq issued, and I think everybody should know this, that money that we’re all holding is, as far as I understand, is printed in the United States, and so they know how much money is out. The central bank knows that, and so whether they’re disclosing it in the accurate terms for us or not is to be determined, but the bottom line is that their whole goal is to get that money back into the economy. The aspect is that even if there’s a small portion of that 95 trillion dinars, for instance, which is, let’s call it 95 billion out there, is collectively going to come back into the country to help finance the development road project.

A lot of people are going to want to go home, and they’re going to want to invest in Iraq. The ISX, for instance, it’s already doing well for the last two years. They’re going to have stocks.

Look at the banking stocks. If you go back in time, you’re going to realize that those banking stocks 20 years ago had a lot of value. They lost a lot, so those people that held onto those shares of those companies are probably going to make a nice pretty penny.

Well, in their case, a pretty dinar coin. All right, okay, so it says the 95 trillion dinars kept outside the Iraqi banking system. It says here that the Prime Minister Saleh, another very important advisor, it says the positive steps in activating e-commerce come in one of its objectives in line with the government and the central bank’s quest to integrate the funds in houses in the banking system.

Well, the cash leaks, they call it, which contributes to strengthening the strength of the national economy and achieving financial stability, bringing that money home or out of the housing, out of the people’s houses. He says that the monetary authority, the main body that’s the monetary authority, already prepared controls and registration procedures to obtain license to practice this trade and in a coordinated manner that contributes to regulating the market and enhancing consumer confidence. So their focus is on confidence, and I think we’re going to see today, maybe at the end of this, we’ll talk a little bit about that.

He adds that the steps of the government and the central bank to enhance confidence and activate e-commerce were consistent and with the launch of a digital transformation projects, since the central bank announced the launch of strategic projects to support digital transformation, including instant payments for projects, local cards, and unified payment gateways, all of which aim to promote financial inclusion and facilitate digital banking operations. Interesting, new system, digital, okay. He points out that all procedures for dealing with information technology and integrating into the digital payment systems are consistent with the development of the country’s digital renaissance.

The financial culture of the society and also the development of the behavior of the monetary society towards inherited customs, traditions, and cultures, where this issue of hoarding money in homes instead of depositing it in banks remains a prominent economic challenge for Iraq. Well, the challenge is, technically, is that if everybody believes, and since they’ve been telling them that they were going to make the dinars stronger, why in the world, if you can afford to not bring your money in, why would you get rid of it? You wouldn’t. That’s the point.

The people in the United States, people around the world that are wealthy, that fled the country, and they know the process and the project, the wealthy know what’s going on. They’re not going to just relinquish that money until it’s time. And I think that’s what they’re talking about is because it is a challenge for them.

And so by doing radical change, like what we just talked about, is going to be a key component. Radical change is if you change the value of your currency, it’s going to be radical. It will be.

It’ll be an impact around the world. That’s for sure. It says the more uses digital payment systems, including e-commerce, the more effective the banking activity and the less leaks outside banks, which gives officials and authorized banking units a greater opportunity to grant more credit and lending to citizens at lower cost and higher efficiency through component of the mostly low interest rates that they’re talking about.

The parallel market for traders who deal with money traded or load outside the banking system is very dangerous. So they’re telling them you got to stop. Illegal and high cost market for the citizen in the national economy and the use of credit operations or lending with a very high usury interest or what is called the Marabi market.

So they’re basically pointing a finger at the black market. And they’re telling you about it. So what are they doing? They’re educating the citizens.

They’re talking about monetary policy. They’re talking about building confidence. And they’re trying to maintain that confidence because they’ve been there.

The I think it was today they talked about that. So they’re getting praises from it. So ultimately, that’s part of the central bank’s job is to put out information for reassuring the citizens and telling them, where do you get your information? Be careful of fake news.

And even going so far as to talking about prosecuting people for putting out fake news. So in this next article is Al Sidani chairs a meeting to discuss the economic and trade implications of the United States decision to increase customs tariffs. And so who’s talking about it? It’s Prime Minister Shial Sidani.

He chaired a meeting on Saturday that was yesterday. And what were they doing? They were discussing economic and commercial impacts of the US government’s decision to increase tariffs on their imports of goods from countries around the world and the repercussions of this step on the global economy as a whole, which includes crude oil prices to the extent of the impact on the Iraqi economy in this regard. So it goes to the statement from the Ministry of Trade that reveals a percentage of raising the US customs tariff on Iraqi goods was based on the difference in the trade balance between the two countries, not because of the customs duties imposed by Iraq on US goods.

And he says, in light of this data, what they’re trying to do is to ensure the best path for developing the Iraqi economy. Sidani comes out and directs that necessary measures be taken in accordance with the supreme interest of the Iraqi economy. Number one, he says, working to develop mutual trade relations by opening outlets for distributors and American commercial agencies, activating Iraqi commercial agencies and direct trade dealings between sectors opposite the United States of America.

He says, two, this is working to develop banking services between the banking and financial sectors in Iraq and the United States of America in a way that ensures the achievement of mutual economic interests. And it says here, directing the negotiating team with the American side to review the foundations of the trade relationship with the United States with the aim of improving it, ensuring building of balanced economic trade relations that guarantee mutual interests between the two parties and develop a positive partnership. And lastly, it says that the Ministry of Foreign Affairs is talking about this.

They’re talking about finance, trade, concerned parties. Okay. So these concerned parties shall take or undertake to open a dialogue with the opposite American side in a way that ensures the strengthening of Iraq’s trade relations, monitoring financial markets, economic expertise, and submitting weekly reports to the prime minister’s office.

So they’re talking about expertise. Well, they already have some major international players in Iraq with expertise in their financial matters. Well, we all know the Rafid Dain and Rashid Bank may be merging.

We’ve known that for years, but we also know that they’re talking about it again today. So the next one here is, is Iraq is waiting for a trade delegation from America. So Iraq is going to have a meeting with America and with who? It says that Fahad Al-Adin, he says he’s an advisor for the prime minister.

He says, indicated that a senior trade delegation from the United States of America will visit Iraq this week to strengthen economic and trade relations between the two countries. That could have gotten started today. Their week started today, but not saying it did, but it could have.

He goes on and says a visit aims to discuss investment and cooperation opportunities in strategic priority projects in Iraq, strengthen the partnership between the two private sectors in the two countries. So private sectors connecting, that’s big because that’s what they’re going to get these additional revenue streams. That’s what the whole plan’s been about.

It’s been talked about since 2003. Okay. It says that they’re expanding fields of trade, transferring technical and technological expertise.

I like this part because we’re talking about technical and technological expertise to serve the economic development goals of Iraq. The digital transformation is about new technologies. I can’t stress that enough.

New technologies are the wave of the future. This blockchain environment is going to change the world the way we have seen it in the past to something completely new. That is really important to understand that.

Okay. He goes on and says the prime minister’s advisor suggests that the delegation consists of representatives of the U.S. Department of Commerce and a number of major U.S. companies operating in the energy infrastructure, technology, and financial services, and many more like industry, health, public trade, etc. Okay.

Then they’re talking about American Chamber of Commerce. So obviously there’s some powerful entities involved now. Al-Aden’s visit to the United States trade delegation is a clear indication of the confidence of American companies in the investment environment in Iraq.

And so they’re talking about all this now. What are they talking about? They’re talking about renewable energy. They’re talking about developing it.

They’re talking about the digital transformation. They’re talking about banking. So anyway, he points out that Iraq’s government is working to protect its economic interests and ensuring the stability of the business environment in order to maintain the smoothness of cooperation with all international partners, foremost, which is America.

And so obviously they talk about the strategic framework. I’ll let you guys Google that. It’s a long read.

But the strategic framework is about economic issues. It’s about political issues. It’s diplomatic issues.

But the main thing, it’s economic and cultural. So take a look at that. And you just got to look up the United States Strategic Framework Agreement, Iraq.

You’ll find it simply. And just know that if they’re talking about this now, and they’re talking about maintaining a smoothness of cooperation with all international partners. So right there, you guys, it’s not just about Iraq.

It’s about Iraq and international partners. And when we’re talking about the digital world, Iraq’s got a lot more than just the United States as trading partners. So they have to be taking that into consideration.

So realize that when a big change comes, that shock, everybody’s going to be on the same page. And they have to be on the same page at the same time. So that’s something to think about.

Anyway, on this one, I think that Iraq is going to be a bridge with other international currencies. And I think they’re all going to need to have a bridge for the trade. And we know that the blockchain system is working.

And we all know that the ice cutter system is electronic system is taxation across borders. And we all know that the World Customs Organization deals with facilitating trade partners, deals with trade partners. We know that the neighboring countries have dealt with the World Customs Organization.

And World Customs Organization works directly with the World Trade Organization. So those are some of the things that caught my attention today. And this gentleman comes out and says, investment funds are a gateway to achieving sustainable development.

This gentleman by the name of Karim Farawi, forgive me, you guys, but describes this investment funds as a gateway to achieving sustainable development for the Iraqi economy, as there are means of achieving social solidarity, through a mechanism for transferring funds among segments of society, facilitating the transfer of savings between individuals. They’re talking about investment funds, they’re talking about savings, they’re talking about getting that money into the investment fund, this is a place to do it. Okay, he says it’s worth noting that the investment funds are one of the most important ways to mobilize savings at the present time, as is evident in the transfer of huge sums of capital for investment purposes between global markets.

They talked about a lot of money outside the banking system, this investment fund is going to be an attraction for that money. That’s my view on it. Having investment funds are a global thing.

It shows that pooling money is good for achieving sustainable development, which is part of Iraq’s development plans. Hey, this article tonight is about the prime minister’s advisor, reveals a plan to here, like I started off with, I mentioned, to merge Rafid Dain and Rashid Banks. I believe 100% that from what I’ve read over the years, and that’s been a lot of years, I think, well, I think I got started in this right around 2010, so that’s about 15 years.

But one of the things that I knew toward the end of taking the country into the private sector, if you have state-run banks, they will take those state-run banks private. And that’s what they’re talking about, I believe. The prime minister’s advisor, executive director of the reform department, he reveals a direction to integrate the Rafid Dain and Rashid Banks.

Well, we all know that they’ve been privatized in Rafid Dain and the Rashid, but they haven’t really talked about the Rashid Bank lately. But today they do. And I’ve been wondering, I haven’t heard much about it.

But today they talk about merging these two banks. Now, keep in mind that Ernst & Young, Oliver Wyman, K2, all these different international institutions have been working in Iraq for years. And this is one of the goals, the World Bank has been involved.

I mean, getting praises from the World Bank for what they said was implementation of their reforms. They were giving praises for it. So everything’s pointing for that Iraq is truly finishing up what her reforms are.

That’s how I see this. It says that we touch on the achievements of the government, so they’ve achieved it, they’re getting kudos, in the field of economic reforms. He explains the contents of this Isla House project and its importance, indicating the contents of the draft public-private sector partnership.

That’s what going to an international monetary system is going to be about. It’s going to have a public and a private partnerships in Iraq. What does it do? It aims to enhance the investment environment in Iraq.

He says, speaking about this project, the project is not just a government program, but a comprehensive roadmap aimed at achieving sustainable development through interrelated goals, one of which is the activation of human capital and strengthening national competencies. So they’re going to educate the citizens and they’re going to put them to work. That’s basically what they’re telling you.

That’s exactly what will work. It says here that, regarding cooperation with the World Bank, here we are, it says the World Bank praised the reforms implemented by the Iraqi government, including the policies of the Isla House that support sustainable development. Cooperation focuses on supporting financial reforms, providing technical advice and financial assistance to enhance the stability of the Iraqi economy, and improving financial governance systems.

It’s a little bit of a long read, but we’re going to get through it. He goes on and says, the government has come a long way in preparing the draft public-private partnership law, which is an essential part of the government curriculum. This partnership aims to enhance cooperation between the government and the private sector, especially in infrastructure, transport, and energy projects, in order to contribute to the stimuli of the national economy and achieving sustainable development.

The Belt and Road Project is all about everything they just talked about. He goes on and says, a restructuring of the banking sector revealed a plan to merge Rafid Dain and Rashid Banks into one entity with the aim of improving Iraq’s credit rating and increasing international confidence in the banking sector, pointing out that the international consulting company, or the companies, was assigned to supervise this merger process, which includes improving financial and administrative performance and developing the digital infrastructure. Again, they keep focusing in on the digital transformation of this country.

The government has achieved a significant increase in non-oil revenues, exactly what they’ve been talking about all this time. They need to go from oil, a rentier country, to non-oil revenues, and that’s where the kudos come from the World Bank. It’s because they’ve been doing that, and they’ve been implementing those things, okay, which is an important achievement within the framework of the strategy, forgive me, which is an important achievement within the framework of the strategy of diversifying sources of income.

That’s a tough, a tongue twister for me, so I’ll read it again. The government has achieved significant increase in non-oil revenues, which is an important achievement within the framework of the strategy of diversifying sources of income. So, there you have it.

All right, so pointing out the government focuses on improving tax administration, developing customs duties, and stimulating investment in non-oil sectors, such as industry, agriculture, tourism, technology, to ensure, again, the sustainability of those revenues. And then they go on and says, basically, the economic reforms implemented by the government contribute to enhancing investment environment and achieving sustainable economic growth to ensure a stronger and more diverse financial future for the country. So, basically, look, the merger of the two state banks is likely awaiting new exchange rate change.

That’s how I see it. You don’t see the oil flowing from the Siam port. You still see them talking about, you know, the retroactive budget, the salaries not being paid, not exposing Article 12, Section 2, and then Paragraph C of their 2024 budget exposed publicly yet.

And so, you got to go, well, what are they talking about? They’re going to talk about enhancing confidence. They’re talking about people not bringing in their money. Well, everybody’s waiting for Iraq to make a move.

And I think that if you haven’t seen it already, hopefully, a light bulb comes on. Because I think the amount of data they’re sharing with us, they talked about launching the digital dinar. They talked about Al-Alaq digital dinar, Al-Alaq financing major projects, right? Okay.

It becomes a lot cheaper from 1310 to finance projects at whatever their new real effective exchange rate is. It’s going to be a lot cheaper. And they all know that.

And the world knows that. Okay. Central Bank of Iraq denies stopping supplying travelers with dollars in the official price.

And why do I bring this up is because it’s basically, you have an article out earlier of which I didn’t bring in, is talking about that they stopped selling dollars to citizens today. Well, the central bank comes out and denies stopping supplying travelers with dollars, stopping the supply of travelers with dollars in the official price, stressing the decision is valid and there is no validity to suspend it. So in other words, they’re just basically saying it’s fake news.

I’m pretty sure everybody in America has been aware of what fake news is. It’s just not true. Or A, it’s a deflection.

All right. Well, I don’t have a crystal ball, but the bottom line is that central bank comes out and says the decision is valid and there’s no validity to stop it. Their decision basically states that they’re not going to stop selling dollars.

It says the Central Bank of Iraq reserves its legal right to prosecute rumor promoters aimed at destabilizing monetary stability and creating opportunities for speculation. So there you have it. They don’t want speculation in the Iraqi dinar and they don’t want it in the dollar.

They just want it true and accurate. And that’s what a central bank is supposed to do. So basically when they, the central bank, as far as I can tell you, is putting, you know, those that are putting out false and misleading news are going to be accountable.

So anyway, that’s what I have for you this Sunday afternoon. I hope you guys enjoyed it. I hope everybody realizes that some of these things that we’ve collectively done for the last couple of weeks in all the videos kind of paint a picture, a strong picture, that Iraq’s digital transformation is real.

The focus in on digital technology, digital transformation, new technologies, all of those things. If you guys realize they talked about Iraq, talking about digital currency, the digital dinar. So take it seriously.

Understand that what we own, we’re a part of history, I think. And a lot of people think that way. And it’s obvious that they brought out an article which I, for some reason, I don’t know why I didn’t have it, but they were talking about Iraq teaching the kids education about their currencies.

They’re talking about that the dinar used to be worth around three dollars. It talked about the fact that they had coins in the past. They had smaller denominations.

They had value. And that’s why they bring that stuff out. So the educational aspect, just like Saleh is coming up, and al-Nasiri is hammering home what’s going on.

So keep it and look into our room. It’s a good article about the currency, digital currency. No, no, sorry.

They’re previous era currencies with value. And so they’re basically reassuring the citizens that what they’re doing is working, getting praises from the World Bank. All of these things are working in favor of Iraq.

And to teach the youth, remember that 60 percent of the population of Iraq never probably used coins. They just haven’t. But they’re going to have a medium of exchange, probably to a lesser extent, smaller category notes and coins.

But again, all of us in the world have a medium of exchange on the street for small items and such like that. Okay. But they’re going to be more focused in on keeping people, even here in America, most everybody just swipes their cards.

They’re going to do the same in Iraq. You can see all their new gas stations with their ATM style payments for fuel. Okay.

They’re getting that. It’s just like we are. It’s just going to have less cash in society.

It’s not going to be no cash. It’s going to be less cash. Okay.

Anyway, well, thank you for being with us. And by the way, if you like my content, because there’s going to be more, hit that like button, subscribe. And again, I thank you guys so much for taking advantage of helping us out with PayPal, Venmo and Zelle.

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