Iraq Dinar News-Iraq Ready for Revaluation-Digital Currency (Uncut) 03-06-2025

MM&C-Iraq Dinar News-Ready for Revaluation-Digital Currency-Oil-Salaries-All on the table-Reasoning

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 militia Man and crew patreon community by clicking the link in the caption Hey, good evening everybody militia man and crew here once again, it is the 5th of March and The year 2025 and so look let’s get started on some Some articles, but first hey everybody that’s kept us going at Patreon.com. Thank you very much. We appreciate the support Everything that you guys do in your donations and everything. I’ll really keep this place going.

So, thank you We appreciate it. And by the end of the day, I hope you guys Like and subscribe to my channel Because you know, that’s important and of course Yes, once again, we did get over that 50k mark and now we have a new a new goal. Let’s go silver What is it silver and gold people say? Yeah, I like that fact real money But anyway, look today’s articles are talking about the government consultant electronic payment enhances the stability of the dinar and Reduces the parallel market.

So we all know what the parallel market is. They call it the informal market They call it the black market, but that’s what that’s about electronic payment enhances the stability of the dinar and Reduces the parallel market and they’re gonna feel the pinch and I think they’ve been warned numerous times and we’ve talked about it So the financial advisor to the Prime Minister We all know him as Mohammed Salih He’s confirmed that the growing public’s conviction of using electronic payment cards for travel purposes or paying dues to small Companies has achieved great success in reducing the size of the parallel market It says that as annual inflation rates have fallen to levels not exceeding about 3% they’re basically telling you right there is that their inflation rates really low and you’re going to find out tonight that that Back in 2023, excuse me 2003 inflation was Significantly higher like ten times that but anyway They go on and say the cooperation with the central bank have directly contributed to to directing cash liquidity towards official channels Which strengthened public confidence in the dinar and led to a reduction in the informal there it is transactions in dollars And this goes on to say that Salih stresses that to enhance the use of electronic means and financial Transactions as this plays a pivotal role in supporting the national economy combating illegal practices associated with that parallel or informal market and he goes basically he’s stressing that these achievements come within a framework of A comprehensive strategy Which is aimed at achieving sustainable financial stability? Enhancing the confidence of those citizens and investors in the future of Iraqi of the Iraqi economy So they’re calling on all segments of society to engage more in the use of the electronic payment tools in the interest of their national economy There’s a lot more to this if you guys come in and you can get my snippets In patreon, which I think most everybody is aware of you’re gonna find that I give my opinions on those and analysis Our great dear Samson brings in the news quite early in the morning for me So, you know give me time to get to it you guys but the bottom line is our our free discord chat room comes with patreon membership and If you guys are early birds Come on in have that cup of coffee that cup of tea Whatever you decide but come on in check it out But she’s got that stuff early and then I’m later in the day I give my analysis on the key ones that I think are really important. So but you get all the news.

All right financial advisor to the Prime Minister Just keep in mind what he had said. He says there’s a growing conviction to electronic payments digital cards etc Here’s one it’s about the Parliamentary Oil Committee hopes to resume the exports via the Cyan soon So we’ve been beating this one around the block for for God knows how long but I’m pretty sure he does But anyway, they go on to say that the meeting in Baghdad which was Tuesday. So that was yesterday They were there to do what to discuss issues related to Concluding contracts And to reach understandings that serve the development of oil fields While an invitation was extended to foreign companies contracting with Christian region to government to develop these fields Of course, that’s what they’re working on And I think that’s going to be a work in progress for a long time because they have a lot of oil it says these Talks what they talked about would address issues related to the conclusion of those contracts and to reach Understandings that will contribute to developing those oil fields under international practices And what is it for? It’s all for the citizens He goes on and says that the Turkish Well the This gentleman by the name of Corb more Field he’s basically inside the Christian region of the Turkish Territory noting that all procedures to resuming oil exports through the cyan pipeline Have been completed But Iraq is awaiting an answer from Turkey regarding the eligibility of those pipelines to begin resuming oils exports through them in the coming few days and After about two years of its interruption, so we all know that that’s been an ongoing process with the Kurdistan region But they’ve been back and forth on you know All kinds of different things but as far as I’m concerned of the data that we have in patreon Supports that that pipelines been ready and tested for a long time.

But anyway, that’s how the news rolls Taking the good throughout the bad wheat with the chaff if you will The next article now it says the Parliamentary Oil Committee hopes to resume these exports via the cyan pipeline soon It says again that they have concluded those contracts and they are going to do exactly what I just said So they’re basically on the same page But they have a little bit more to it. It comes in and says that The Turkish government must comply with the instructions of the Iraqi side regarding the movement of crude oil exported from Iraq to all storage facilities and the Disposal centers and the final station. I don’t know if you guys realize this but this pipeline is a long pipeline So for them to get started, they’re gonna have to have as far as I’m concerned They’re gonna have to have an international exchange rate to have a valuation proceed to proceed that and we all know that article 12 23 24 budget Was that was amended it was published in the Gazette It was all those little bits and pieces have been done And so it is a key component of what’s happening because they haven’t exposed that Amendment to us publicly yet.

So I think that we’re gonna be right in the sense that what does it mean? It means to me that they have to have that valuation done properly And I think that requires a real effective exchange rate. So let’s see how that turns out if I’m right or wrong. Okay It says noting that this also requires the legislation and oil and gas law to To eliminate the problems radically whether for the region or for the producing provinces such as Basra Kirkuk and my son Well, if you think about it for a minute because of Kirkuk’s capacity of what they have and all the things that are happening I think that all needs to be taken care of at the same time and Realize that all of these things that they’re talking about legislation and all that has been on the books for a long time I mean, it’s been a long time so I would assume that they have all that taken care of to a degree that They can’t really do anything until our good buddy at the Central Bank Gives us what we’re looking for And hence you haven’t seen all the salaries paid you haven’t seen The oil flow just yet and the contractors the companies want their money they want their guarantees all those things come into play and they’re probably gonna get them I think so, but We’re gonna watch it says this delay was lasted for nearly two years Costing Iraq huge economic loss.

So the pressure as you can see if they’ve had I think somewhere around 19 to 20 billion And I think that’s really light to be honest with you, but that’s what they say It’s not only a result of the halt in exports but also the absence of decisive strategy to resolve the issues of debts owed by the Turkey and dues of Companies operating the region. So all of what I just said That’s a little bit of a verification that I’m getting all this information from the news that I where I derive my opinions and analysis from This person is her name or his name I’m not really sure but al-shamari called for talk taking called for taking decisive decisions that guarantee the re-export of oil as soon as possible whether by ensuring the technical readiness of the pipelines or Through agreements that guarantee the collections of the financial dues. So they’re giving out two things the Export of the oil as soon as possible.

That’s that’s not necessarily what I was getting at but ensuring the technical readiness of those pipelines And we already know that they’re already ready. I think we can we can support that in our room It says and then also guaranteed to the collection of Iraq’s financial dues so they’re gonna want their money That’s that’s basically what they want to guarantee and I don’t doubt it. I mean when you’re dealing in billions and billions of dollars They need to know Show me the money.

I think that’s what we’ve been all waiting for is show me the money But hey, look, it’s been a complex Complex study and it’s been ongoing in my case 15 years many of the crew members or 20 years cetera And then we have a lot of new folks that just get here. So Everybody that’s relatively new. We have a lot of information to get caught up.

So You know study up for a while and get get get up to the speed as best you can But I’m obviously come on in and we’ll happy to help as best we can Okay, so when I started talking about amending the article So al-muhammad says in this one Forgive me Firstly in the coming days, okay, this is a different article, but they do say that parliamentary Expectations are to what resume the export of Kurdistan oil via the science so they go on to it again But here they’re talking about specifically Al-muhammad states in a statement the agency that amending article 12 constitutes a roadmap for resuming oil exports noting that the oil exports will be via cyan turkey through a SOMO company through the SOMO company He adds that article 12 When I mentioned of the budget law was previously amended and so why bring it up if it’s not important If it hasn’t something to do that It’s a key component of it all and I think it’s all gonna tie together and remember They’re doing everything in a digital manner in the future and their new exchange rate will be done in a digital manner Just as their taxes and tariffs at the borders and their border crossings. All of that is going to be Anti-corruption, it’s gonna be transparent and that’s why you see a lot of negative news a lot of news that the central bank governor has warned us about Ultimately, what do I think this is? I think article 12 is part of that green light that they mentioned that it’s time that they can Light the green light. That’s what I hope that that’s what they’re saying in that one.

I think that we have another article That’s probably going to talk about a green light, but we’ll see how it goes And Then now here’s another one. It says the Ministry of oil Turkey Informs us that cyan port is ready. So the Turkish side is ready to resume and resume oil exports and We’re out of of course the port of cyan It says the Ministry of oil has fulfilled all its obligations and we are waiting for the green light From the regents who set a date for exporting oil at a rate of about a hundred eighty five thousand barrels I think they’re gonna keep going up until They’ve had an agreement in the past at 550, but I think it’s around four hundred thousand barrels a day That’s a lot of money everybody.

It’s a lot But it also basically that amendment does what the amendment obliges Kurdistan in other words They have to that’s what they’re talking about So he says we’ve completed the final version of the contract to develop in for Kirkuk fields with the British company British Petroleum and It was presented to consulting company Kelvin line. So that’s obviously a consulting company That’s going to be doing auditing the monitoring would be my presumption on that to review the model and contractual conditions Expecting a final agreement to be signed in the coming days So obviously this is on the table and that was from yesterday. So in the coming days could start at any time Waiting on the green light, I don’t know you guys Like the sounds of it.

So, let’s see what they do And then now we’d hear from the Central Bank of Iraq It says the Central Bank of Iraq announces an Increase in the ratio of cash credit to total deposits for banks operating in Iraq it says that on Tuesday the Central Bank announces an increase in the ratio of that total cash credit to total deposits for Banks operating in Iraq has been has begun effectively It says the credit deposit ratio is one of the most important indicators. So it’s one of the most important indicators to measure Liquidity in banks Right that tells you how much? Cash effectively they have on hand as the ratio compares the volume of credit granted by banks compared to their total deposits So they need to have so much on the books in cash compared to their or vice versa credit granted to their total deposit as a ratio recorded in an increase in the fourth quarter of 2024 and That read reached about 59 percent as it was in the past It wasn’t much more but it was about 50 with much less. It was 52 in the fourth quarter of 2023, so Basically, this is telling us they’re doing what they Like which is a global action all central’s bank all central banks do so having that liquidity having the cash Deposits that’s all part of it.

And again, it’s not the same as it was 20 years ago What we’re seeing today is nowhere even close to what we’ve seen over the last 15 let alone the last two years So keep that in mind I’ve kind of hammered that home because what we are truly seeing is completely different the whole new electronic digital system in the future is Going to be completely vastly different 100% and Iraq is going to a less cash society So in this particular article the expert stopping the currency auction at the Central Bank of Iraq is behind the return of the dollars rise and Realize that the reason why that the dollar is going to rise on that black market or the parallel market If you don’t if you don’t understand it is because that they’ve reduced the availability of dinar So those folks that haven’t been hooked up to this new system that don’t have dinar don’t have access. Excuse me the dollar They don’t have access to the dollar by their usual Tactics right? They’re just not going to be able to do business and we’ve already talked about that in our last video was that Al Saleh was basically warning the small traders get on board effectively and do business that way or I guess you’re just basically gonna suffer the consequences and That’s probably not going to be very good. I’ll be painful for a lot of a lot of those small traders It says Based off some of this gentleman by the name of Hassani It says the bank did not publish the currency auction on its website during the past two days I beg to say that that’s probably been like four days now, and so we’ll see how that turns out.

But Here the article says two days I do believe this it’s about four and so it says the increase in demand with the decrease in supply Okay increase in demand which would be a parallel market would be for the dollar and the decrease in supply led to a turn of The results of which is the dollar’s rise and he says this is not without a speculation by those currency traders, so They they’ve got some pressure on the thing. That’s Not going to go away is change and The inform informal market are basically going to be and they are now feeling the pinch because they’re having a harder time to get them to get the dollar and Unfortunately to the citizens that require it they’re gonna have to pay a lot more for us, but the ultimate thing is You can go to the central bank and get it for 1320 Instead of 1460 1500 1600 if that’s where it goes, but it’s it’s probably going to climb Are we concerned about it? No, because the parallel market is insignificant in comparison to the total market I think that the last published thing I saw was probably it’s about 5% So 95% of the people that are doing business are doing it properly Which is huge. Okay.

The next one is the Evaluation of the central bank’s policy journey for 22 years. I highly recommend everybody read this article and then understand What what they’re saying? This is like six pages long I’m just gonna get to hopefully as quick as I can just to some bullet points but one of the things the first thing they want to do in this whole thing if they want to they wanted to do back from 2003 they wanted to Because of inflation was so high. It was that exceeded 35% And I already talked about this at the beginning.

It was right around 3% or less Or just above but the bottom line that’s huge difference now and the stability that Iraq is proven with their gold reserves their their foreign reserves Their non oil income all of that stuff is above and beyond their taxes and tariffs at the borders the electronic systems All of that’s going to go to to what support the value of their new currency because everything was based off just oil It’s not going to be that way anymore So just keep that in mind when it comes to a real effective exchange rate It’s going to be based off real analysis in real time international standards rules Just like Iraq is has did has done in the past long long time ago But the bottom line is on the central bank has made some moves to where that they moved from a window the window Which was a dollar option to electronic platform which preceded the fact that they jumped to now these Correspondent banks. So ultimately what that comes down to is the Central Bank of Iraq in 2020 2003 right 2003 they Were working before that happened as a regular central bank would with normal protocols But they changed that and so they’ve been in an atypical System for so long that they had to wean themselves off it in the last two years That’s what they’ve been working on. They have now they use correspondent banks like they have in the past So the central bank isn’t going to be selling the average guy on the street any any dinar or no Dollars.

Sorry you guys it’s confusing but the bottom line is is that’s what I mean is that they’re not going to be selling your average Joe and if you don’t Go through the proper bank or the or connect that proper bank that’s connected to a correspondent bank You’re not going to be able to get involved in the new system To get what you need and so that’s where this comes into play So they’ve reduced from 35% and they’ve come down to where they are today in a stable range for the last two years Right around 3% But it says here. There’s a few other few items Basically, they’ve overcome security shocks. They’ve addressed financial crisis during the 2019-2020 era They’ve been controlling the exchange rate controlling the exchange rate regulating foreign trade Financing they’ve been achieving digital transformation Enhancing financial inclusion, which we know digital transformation is going electronic enhancing financial inclusion that’s bringing all the people in Iraq to get into the banking system and complying at the end of the day with international standards And they did it did this majorly in 2324 under al-sudani’s watch Are they talk about a situation in the reform efforts during that time frame in 2023-2024 Have made us Specialists in what we do.

So in other words, the central bank is is saying we’re we’re good at what we do. So it says Specialists we look with hope and optimism at what has been achieved and what is planned To be achieved in the next two years So this is going to be an ongoing process and what is stated in the third strategy of the central bank with its aim Its aim to establish their main goals or accomplish their main goals and sub goals so ultimately this article is telling you from 2003 to 2004 or 2024 It says the bank was able to use its foreign reserves its exchange reserves and the method of Rediscounting Treasury transfers to support the government an amount of about 16 trillion dinars, etc And they were able to overcome it. So they’re just getting in for 2015 They’re just collectively going on But the bottom line is is that you read the whole I the whole article on your own you’re gonna get some of that more In-depth impact that you should get Okay, so basically at the end of the day, what are they doing? They have a strategy at the end of the day is one is supporting enhancing monetary stability Enhancing digital transformation.

I think some of all of this stuff is they’ve done that check one check to activating electronic payments supporting cybersecurity to check three Enhancing financial inclusion check. Yep maintaining a sound financial system check Developing the organizational structure and human resources capabilities. That’s an internal situation.

Of course, probably check Announcing their position in the central bank locally and internationally Enhancing its position. I think that’s a check check on both of those and then enhancing compliance of the banking sector non banking sector in line with international standards and ultimately with what is what are they working to is to implement which will Restructure banking Financing in Iraq in it in addition to a few other things But again, I must get into the bullet points, but in addition to what? Leaving the electronic platform Okay, that’s where the correspondent here they say and adopting correspondent banks and foreign transfers protecting the financial system enhancing financial inclusion managing the monetary and financial stability developing oversight and supervision Developing regulation in the banking sector completing the development of the infrastructure for digital transformation So I like that infrastructure for the digital transformation So that’s gonna entail that new technology that we’re all listening to and hearing about so licensing digital banks Implementing regulatory policies in the central bank in accordance with the frameworks and technologies New technologies right adopted in global central banks raising the capabilities of human resources and developing the banking operations long-winded but strengthening the banks internal and external relations and representing it locally and Internationally, I give my opinions and patreon. I think you guys could come in and read it You’ll get a little brief for us synopsis, but that’s a key thing But I want to say this is like look from the years 2023 2024 have been stellar to watch to take place under this new government in the central bank at the end of the day Since about 2024 or 2004 you guys they did go from about 35% to blow or right around 3% They’ve increased the international investors in just about every sector has to offer.

They’ve started having self-sufficiency and many items are Part of that is exporting so exports inputs and outputs The port of fog has opened up what five new births I believe it is so and they have a goal to get to about eight 85 more to go and they’re already just booming. That’s all right so the development road project basically has the global support and that is clear as day to me and What we see today Iraq is ready for their revaluation of their currency. Why is that? Well again, here’s a here’s a key snippet Key factors influencing a country’s currency revaluation include Inflation levels.

Okay. We talked about that low interest rates high globally, which is good key economic performance of their GDP Which they’re going to grow which is huge foreign investment government policies there So they’ve got government policies in place for investors trade balance Inputs outputs right an overall market sentiment So essentially a country’s currency is revalued when its economic strength is perceived, right? So what did we just talk about all about economic strength from the country? So again, it says revival a currency can be revalued with its economic strength in the country is perceived to be Increasing leading to higher demand for its currency in the global market. I think that’s what we’re seeing So ultimately again, we had the inflation interest rates economic GDP foreign investment trade balance government policies And things to remember what is a revaluation as far as versus a devaluation a revaluation means the currency is appreciating in value relative to other currencies While a devaluation means the currency is depreciating We’ve seen that in the past, but we’re not going to see it anymore And that’s the meat of that particular article So I would suggest everybody if you want to get into it and know what you own I would do so so the completion of sonar networking operations to border crossings Why do I bring this up is because they’re going digital They’re going to have the ability to be able to track all the trucking that’s coming across the borders It’s going to be an international thing the TIR.

We’ve had that before Basically, what’s it for? It’s for the procedures to be followed for the field of auditing monitoring stressing the importance of being accurate tightening control preventing attempts at manipulation and smuggling This is where you guys when we’re talking about smuggling the borders have been like a sieve They’ve been the graph that’s been going out of out of that country through smuggling is Astronomical so all that’s going to end Or it is in the process of it. It says it it’s indicated that the transition towards e-governance is an irreversible strategic option Expressing the importance of facilitating the movement of trade through the border crossings in a manner that trend consistent with Requirements of the country’s economic security, so they’ve they’ve got it all in place It says no shipment leaves without sonar images Being reviewed and analyzed by specialized teams in the network connection operations It says that there’s a need to electronically review transactions at the authorities headquarters after sending them from the crossings in order to ensure the integrity of the procedures and proper collection of taxes and fees etc, which will enhance national revenues and Reduce opportunities for that corruption and I believe lastly it says they have the aim of achieving integration in electronic procedures and enhancing the Efficiency of that combating a corruption manipulation and smuggling so ultimately the graph of the borders is going to go Goodbye, I think it’s powerful. I think everybody should catch that and You got to see all these things coming together at the same time is is really amazing So here we’re talking about again once again, we’re talking about digital currency and advanced financial future it says the Central Bank of Iraq is keen and keeping pace with developments in moving towards launching a Digital currency as an alternative to paper Says this step which is not just a shift in the way financial transactions are conducted represents a Fundamental but represents a fundamental shift in the vision of the Iraqi financial system So it this is not just a shift in the way of financial transactions are conducted, but it represents a fundamental shift All right, that’s big It says digital currencies are recent innovation in the world reflecting the rapid shift towards the digital age Digital currencies allow for faster and more secure transactions compared to paper money Through the use of this currency in addition to reducing transactions and costs which contributes to Enhancing so this economic efficiency basically is going to help speed up all transactions.

It’s going to reduce time. That’s required It also reflects positively on the movement of internal and external trade So it’s going to have a give-and-take on both sides. It’s going to have a positive outlook for both for both sides of the equation Excuse me.

It’s also an effective means of enhancing that transparency. And again, they keep focusing in on corruption Okay in its use and when he means digital currencies may contribute to reducing the informal cash transactions again The informal market, of course, it’s going to reduce it Okay, which which which he says which reduces the chances of financial corruption as well as job evasion So therefore what I just said was the graph and they’re talking about reducing it going away saying bye-bye That article pretty much says it all Here this gentleman by the name of Al Ziadi budget tables they talk about will reach Parliament next week Okay. Well, there’s going to be some things that have to be done before those budget tables get viewed by anybody And I think that’s what we’re expecting that means the 23 24 part of the tripartite budget That’s we talked about the Gazette before it will need to be exposed And I think that’s they’re not going to get those 2025 budget schedules until they do it until they turn the pipeline on they have to have everybody’s you see where it’s coming from Everything’s associated with why haven’t they done it yet? Well, we all know what’s one thing I think it is the real effect of exchange rate We’ll find out if I’m right.

So he adds that the budget tables on the popular mobilization law arrive at the House of Representatives They will be submitted to two relevant committees, which are the Security and Defense Committee and the Finance Committee Okay, and the expectation is that the tables in the popular mobilization law will be presented for a vote next week Okay, so basically like I said 23 24 budget tables to be viewed legally in my view They have to be done before they can even see it They’re gonna have to have them completed be so that they can look at that what they are going to apply to 2025 budget tables and so lastly but not least is that we have an MP which is accusing of obstruction obstructing the approval of the oil and gas law Well, the reason why I bring this one up is because the approval of the oil and gas law will contribute to preserving the oil Wealth and who is that for that’s for the citizens and they’re noting that article 112 not 12, but 112 as they state Constitution of the Constitution Stipulates the federal government is responsible for drawing up oil policies and coordination with the producing regions and governance So in that there’s a dispute with you know Herbal and Baghdad, but it says this dispute behind or between herbal and Baghdad is behind the failure to approve the law So far and this is what the region is working on to delay its approval within the Council of Representatives So there’s some people that are blowing back at this. They’re not wanting it But are they gonna get it not at this stage I doubt it not what not at all but old but ultimately the oil and gas law represents the spirit of the political process and motive to resolve differences and control oil revenues Basically preserving the oil wealth is gonna Dominate I think that’s where it’s basically is because it’s all for the people and it’s gonna be outside of Corruption’s hands and now it’s down to what I call the digital wire So that’s where we are everybody. So that’s the that’s my Intel for the day and I hope you guys enjoy it And again, if you guys hit that like button and subscribe, I appreciate it and don’t forget thank you for all the stuff you guys can go into the details and find where to Give us some give us some help with that Keeping the cogs of the wheel Rolling.

So thank you very much, and I’ll see you soon Once again guys, don’t forget to hit that like button If you like this content subscribe to the channel or join us at the militiamen include patreon community for even more exclusive content You can also donate to this channel by hitting the links in the banner to help keep this page up and running Your generous support is greatly appreciated as always much much appreciated. Thank you so much. You have a great day