Iraq Dinar News Praised by the EU Central Bank (Uncut) 02-16-2025

MM&C-Iraq Dinar News-Praised by the EU-Central Bank-UST-US Fed-UST Sanctions-Correspondent Banks

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 afternoon everybody. It’s Sunday evening afternoon ish depending on where you are, but hey militia man and crew are here Sorry, I missed you guys for a video on Friday Valentine’s Day So I hope everybody all you lovebirds had a great day But anyway, I was able to put a special exclusive audio into patreon patreon.com forward slash Mm and crew so if you missed it, you guys can still pick it up a ton on Valentine’s Day It’s easy to find but I’m gonna I’m gonna be doing that in the future. So if you haven’t joined patreon yet So now is a good time or a great time to join because I’m going to be dropping exclusive Patreon content for members only, you know, I I do provide, you know free videos and I’ll keep doing so I provide free content For free members in our patreon and but if you really want the exclusive data With the powerful information my analysis in patreon as a member But that’s awesome because we have the free discord chat room that goes with it and Samson Brings in an amazing amount of information as I think you all know she’s been around for many many years She’s one of our team members and then the discord chat room is run by Gigi She’s an admin and by the way, she does it really calmly smoothly and helps up everybody so much So keep that in mind, but I will still see you here.

Of course in YouTube and again free content, etc For those members that just like to visit Even if you want to just try it more than happy to have you guys come in and that means global So for today’s video for for you all is going to be the government spokesman It says here the European praise for Iraq’s foreign policy There’s going to be a few articles that are pretty powerful but in this one is talking about foreign policy it says that the Alawadi a statement for our News outlets followed by Some other many outlets of news in Iraq as we all know that says Germany represents an economic pillar for the European Union after Britain’s exit and Germany provided about 3.5 billion to Iraq in it to Their training their security forces. It says the German International Development Agency created job opportunities for over 37,000 Iraqis and the more majority of them. This is fascinating our women In a Muslim country.

That’s a lot you guys. That’s good. I’m glad to see it It says that Alawadi indicated that two-thirds of the power generation Stations in Iraq are under the supervision of the German Siemens in terms of modernization Development and repair realize that electricity is going to be really really important for Iraq’s international integration and The development road project so it goes on it says the security and intelligence corporate cooperation and exchange between Iraq and Germany indicating that Iraq’s government is diplomatically productive and Praises go out for Iraq’s foreign policy in addition to development and stability so basically it says that You know to me anybody that’s trying to discredit al-sudani Is misguided so there’s been a lot of negative news out today.

People are noticing it. I’m aware of it and Things that are being said on social media etc. So be careful what you read be careful about that because it’s important to know What you own and we at patreon.com? In our discord chat room have all the data and we have a couple years of it and you can look and find that We’re fully aware of fake news because it’s difficult to analyze what we get and taking in a good and throwing out the bad as Pompey Peter says weep from the chaff and The good thing about Samson.

She’s she’s got experience. She’s been around for a long time she’s probably been invested as long as I have I’ve been in here been in it for about 15 years and We have the ability to find quality We find that the stuff that’s been consistently accurate Because of the nature of experience. So if you haven’t been experienced, it’s really difficult to get Who’s telling you what and so it gets to it gets to be a little bit tough a little bit intense a little bit confusing And that goes for even us that we’ve been around.

So we’ve been I Would say seasoned okay, but we try to bring the best, you know, we get it wrong once in a while But anyway just be careful of that fake news that’s out there because it’s plenty and There’s still a lot of people in the world that don’t want this to happen but there’s There’s probably no stopping it as you probably are very aware. Well aware of now The productive diplomacy that was talking a little bit about diplomacy with Germany But this article says what does al-sudani bring with him on his visit to Munich? It’s a little bit of a lengthy read but again their key focus is productive Diplomacy is this gentleman by the name of Mustafa. He goes on to say that al-sudani has Developed an integrated plan and is implementing it through his visits to many countries around the world where agreements and memorandum Memoranda of understanding have been signed some of which have entered into force So there’s been a lot of people that seem to think quite a few That all memorandum of understanding or are no big deal But and like we said and we stuck to our guns and sure enough here.

It’s in print that they can become enforceable they can become turn into a contract and We’re right because here it says that I’ll read it again Al-sudani has developed an integrated plan is implementing it through his visits to many countries around the world where Agreements and memoranda of understanding have been signed some of which entered into force while others are still understanding whether at the legislative level or Within political forces. So there’s they’ve already got some enforced and some that may or may not be but that’s just the way it goes And so at this stage when they say entered into force, that means they’ve got a contract and it’s it’s it’s enforceable What is a contract it’s enforceable So that’s pretty cool. So this Munich conference is an important station for discussing issues of security industry and investments as Influential world leaders in various fields meet their annual they meet their annually Okay during this participation al-sudani held comprehensive meetings with Representatives of foreign countries and companies all of which aim to enhance the economic and investment cooperation in Iraq So his his meetings over there in Munich were very Fruitful if you will so Mustafa the same guy points out that Iraq aims to present its vision at various levels especially in light of the international transformations For the arrival of a new u.s. Administration Which has a different vision towards the region in the world as Iraq is considered a major part of this environment So our new administration feels that Iraq is considered to be a major part of the environment And it seeks to invest in this international climate to create new opportunities in the fields of investment Development science and development So it says clear Clearly that Iraq’s vision in investment in economic cooperation has a positive impact There are no fundamental challenges facing the concluded agreements So these agreements that they have some of them are enforceable and there are no fundamental challenges facing These concluded agreements.

I think that’s big. There’s more to the article. You can find it patreon.com forward slash militiaman accrued discord oh By the way militia discords militiaman’s chat room So if you’re new you just got to come in read the instructions and then go into militiaman’s chat room It’s it’s look for militiaman’s chat room when you get into discord.

Okay, and you’ll find us in the hashtag general room That’s where the main body is. So keep that in mind and that’s where you’re gonna meet Gigi and Samson and Militiaman, you know, Pompey Peter Petra And many others a lot of them in the crew are in the in the shadows But they do pop in quite frequently like one of the one of our members sunkissed. She’s so busy She hasn’t been able to be get be around much but man just when she brings things in it’s brilliant Then we have Brian gives us a spiritual reading every day And that I put that out to the public every day or not every day But I do the best that I can because it gets hectic.

It’s a lot of work a lot of hard work that goes into Making videos doing content finding the articles analyzing them. It’s a lot of work It really truly is it takes a team effort to be able to put it together and having a quality team Like we have with militiaman and crew is really important because it gives you continuity. It gives you that Consistency and it also gives you and shows you the integrity that we have That’s that’s really important.

And I think that it resonates around the world that that’s what that’s what we do There’s no fluff. It’s it’s quality and it’s good. You should enjoy it.

So look the productive Diplomacy that al-sudani has made has been fruitful We see that these memorandums of understanding just like we’ve indicated like I mentioned they can be and get Enforceable. Okay, there’s going to be likely more to come and Iraq is fully When she becomes fully integrated into the financial system, you’re gonna see evidence of that. So look there’s no no fundamental challenges left with these with these Memorandums of understanding that they that are enforceable But now that they’re getting ready to have full integration to the international financial system I think there’s going to be a lot more Our next article is is titled the central bank’s decision to restrict real estate sales through the banking system economic implications This is a very long article, but I’m just gonna get to the key points and there’s one two, three Four five six, and let me see if there’s seven Yeah, I think there’s eight, but I’m only gonna get to a couple of them for you I don’t lose you guys, but here’s this one.

It says it it’s an important mechanism. This is number one important mechanism that works to reduce the size of the Iraqi dinar hoarding Which amounts to about 80% of the currency issued outside the central bank as it increases the ability of banks to re-inject part of? the cash mass into the circulation Within the banking activity by employing This sector to attract more deposits from money resulting from the sale of real estate in banks accounts and Curbing the phenomenon of dealing in paper dinars, which is cash. They’re gonna go digital now realize There’s a lot of economic factors that are going on and they’re talking about Effectively international standards and when you take a common economy, that’s a public economy And you move it into a market economy there’s certain expectations that are just part of the process and Iraq is doing all of that and that’s part of what they’re talking about here is because All that money that people have under their mattresses and they’ve been hoarding it They’ve been trying for a long time not just today and tomorrow and into the future But they’re just having a read they reiterate it they have been reiterating it for at least a couple years under al-saddani is that they’re trying to get the people into the banks and into Having accounts with their national cards and all that stuff all of that stuff that they’re trying to get ready to By the way, I woke up to three to four inches of snow for the last couple days It’s it’s incredible.

So this morning I thought that I would try some something different and something powerful because I think this coffee is wonderful and it’s the Sumatra Dark roast and man, did it taste good? So don’t forget when we give it a try Militiaman five below for a discount check it out It says it increases the value of the money multiplier of the economy in general as the increase in the money supply ratio in banks will increase the possibility of Redirecting it towards the investment multiplier and new investment activities which increases growth opportunities again It’s part of a market economy Number two was about auditing and verifying the legitimacy of financial amounts But that wasn’t the most important one or it’s just not I wanted to move towards number four now Three and four and this is number four supporting the monetary system and restoring the ability to control part of the money supply resulting from hoarding on the one hand and controlling a Significant portion of suspicious money laundering on the other hand and then I’ll move on to six it says improving international compliance standards and focusing on continuous cooperation to modernize the banking sector and Enhance its international standing. I like that part. They’re doing things for the international compliance They’re focusing on continuous cooperation to modernize the banking sector and enhance its international standing All of that sounds to me like these guys are ready to go They’re going to enter go in International and they’re going to do it with Compliance and you’re going to find out there’s other things they’ve been doing But look the bottom line is they’re more efficient at auditing.

They have better mechanisms. They have Provisions to provide the facilities for a process of opening special accounts banking transactions smooth fast safe They’ll prepare a suitable ground for expanding the scope of banking work Etc. Developing the banking culture and they’ll keep doing that.

They’ve already done it, but they’re going to keep doing it even after the fact Of a full integration because it’s still going to be a learning experience for a lot of people. Okay, so they’re just going to grow Okay, so basically the central bank is doing exactly what would be expected in a market economy Getting the cash into the banks to support their economy with proper and responsible lending commercial industrial and agricultural purposes Basically, this is a fresh reminder for the people Because they’ve talked about it many times. It’s it’s an educational process and they’re just sure they’re just sharing with the people how it works Our next article tonight is going to be about the central bank Okay, it says the central bank announces details of its meetings with the Treasury and the Federal Reserve United State Treasury and the Federal Reserve So the central bank is me has been meeting It says that the central bank announced at the end of the first quarterly meetings for the 2025 For the year 2025 the US Treasury and the Federal Reserve Which were held in Dubai at the United Arab Emirates with participation of international auditing and consulting firms Ernst & Young K2 integrity Oliver Wyman.

Those are big companies my friends These meetings culminated in appraise for the steps taken by the Central Bank of Iraq and on the Iraqi government so the central bank and The government in reforming the banking sector and the most important of which are there’s about three items Yeah, it says a development of the US dollar cash distribution system in Iraq, which they consider the most controlled and monitored system in the world Which limits manipulation and US dollar smuggling operations? Number two, it’s a qualitative shift. So they’re talking about its quality Okay the qualitative shift in foreign transfer operations and the steps taken by the Central Bank of Iraq to address risks arising from these operations and Which have now risen to the levels of transfer up transfer operations. So they’ve risen to a level of transfer operations carried out by International banks The consulting firms Ernst & Young K2 Oliver Wyman K2 integrity they reviewed these plans to reform the end upgrade the public and private banking sectors in line with international standards to facilitate the involvement of Iraqi banks in the international financial relations network So it says since the operations carried out by the banks operating in Iraq depend largely on the trust of international Correspondent banks in the Iraqi banking sector We stress the need to ensure that the official channels of this bank are adopted to know the latest News and not to transmit incorrect news such as some Iraqi banks being subject to International sanctions and others so they basically just told us to watch out for fake news Okay, that’s what was going around today on social media there were some outlandish things out there so But they’re telling you that straight from these guys This is the Central Bank and it’s talking to who the Treasury and the Federal Reserve So the three of them are saying what I was telling you, so I’ll I think I’ll stick with those guys Okay, it says some of them my views I guess some of the world’s major accounting firms have been working on with Iraq Already for many years and have finished up the first quarter of the 2025 So the contract with Ernst & Young if I’m not mistaken started in January of 2024 a new new contract And they’re still at it, so they’ve been they’ve been doing a really good job The good news is is that there’s there has been amazing results off the huge implications for Iraq’s banking and financial systems the companies involved have worked with Iraq and international correspondent banks on the dollar cash distribution and That system is the most controlled and monitored system in the world so they say it limits Manipulation and dollar smuggling operations and basically to me this isn’t surprising coming from the likes of these world-known firms mentioned the qualitative shift in Transfer operations that have risen to levels carried by these international banks the two main consulting firms Ernst & Young and Oliver Wyman have been working over the last year apparently to get Iraq ready to jump into the international world of banking Financial systems and currency transfer operations and to facilitate the involvement of Iraqi banks in the international financial relations Trust is going to be a key and Iraq has worked for years to get to this final stage So in other words that they needed to have correspondent banks Did they not they did and we’re gonna find out tonight that not only does Baghdad have Correspondent banks, but so does the region and that was something that it was a little bit in dispute But I looked up some information and find that there are Correspondent banks that are working with the Kurdistan region.

I’ll get to it Washington punishes banks this article says Washington punishes punishes Iraqi banks and bans the use of electronic cards abroad But you gotta be careful how you read this but the bottom line is it’s not talking about all banks It’s not talking about all cards and all electronic transfers. It’s talking about specific Entities, okay Iraq’s government agencies have officially received a fiduciary notice from the United States Treasury imposing sanctions on five Iraqi banks this is going to be a little bit of a Gross stage of how many banks but at the beginning they start off with five Iraqi banks as a first stage in addition to exchange companies due to their involvement in illegal transfer operations their involvement in smuggling dollars to band and US sanctioned entities most notably the Islamic Republic of Iran It says it’ll go back into history a little bit back in July 19th 2023 the US Treasury imposed sanctions on here We are now at 14 Iraqi banks in a campaign against Iran’s dollars transactions So the news outlets come out and say that the SEC the sanctions affected the banks Islamic advisor for investment and finance Al Qurtas Islamic Bank. These are the banks that they sanctioned Islamic spectrum Ilaf Bank herbal bank for investment and finance International Islamic Bank Abra Iraq Bank Mosul for development investment al-raji Bank Sumer Commercial Bank International Islamic Trust Bank or Islamic Bank World Islamic Bank for investment in finance Zain Iraq is on bank for investment in finance.

So they were all doing things that they weren’t supposed to be doing That’s what that’s what they are saying And they’re not playing by the rules. So they cause them you’re gonna cause them some problems if they don’t play by the rules They’re not they’re not going to be allowed to do business in the way that they were The US Treasury Department blocked four more Iraqi banks from assessing dollars in November 2023 in cooperation with the Central Bank of Iraq. It also imposed stricter controls on financial transfers in the country in general They did this to whom? Those that are accused of currency smuggling and what are they citing? They’re citing mainly money laundering and currency smuggling reasons It says banks are required require those wishing to buy dollars to submit documents proving their actual need for the currency and then submit these documents to The Central Bank to allow them to continue participating in the auction so banks do not play the Those banks that do not play by the rules that are sanctioned those that play by the rules are or not Well, if they do they’ll be likely allowed to facilitate dollar and dinar transactor transactions under strict monitoring and my view is that you know bad banks had to be shut down and electronic cards that are associated with the bad banks and Entities that are not up to par.

Well, they were shut down or will be shut out this is my into me this article is not a concern and It’s what we should expect to take place they’re gonna weed it out and they’re gonna go with those people that are all hooked up and ready to go and I believe they Got about 85 or 95 percent of the of the banks already fully operable, so It’s it’s actually not it’s just telling you like it is It’s not saying it’s a bad thing for the all of Iraq by any stretch of the means. So I hope everybody understands that Here’s there’s an article it’s it’s a lengthy one, but I’m gonna get through it It’s a US Treasury sanctions Iraqi banks and companies after meeting with the Central Bank kind of on the same lines it says that the News outlets puts out that the American non-military operations were launched towards Iraq and the first campaign targeted punishing Iraqi banks and shops on charges of facilitating fraudulent transfers and financing groups and countries that are sanctioned and support terrorism He goes on and continues that sanctioned Iraqi banks are small and medium-sized banks that appear to have been operating Behind the scenes and activities that harm the Iraqi economy and violate the US and international sanction system Leaking and evading the Iraqi dollar allocated for foreign trade the names of banks can be referred to by the symbols M point a a Point a s point M and M. I guess they’re just going through the names by acronyms In addition to the electronic payment companies that will be prevented from operating their cards outside Iraq Noting that the direct American move through the strongest and most dangerous American Financial Intelligence Office Confirms the seriousness of the American Treasury in quickly implementing and applying the executive orders of the new American administration without delay so our new administration is basically putting their foot down about these problematic banks and entities Not playing by the rules The central bank announced today on Sunday the details of its meetings with the US Treasury and the US Federal Reserve It says the central banks stated in a statement received by the By the news outlets that the first quarterly meetings for 2025 of the US Treasury and the US Federal Reserve which was held in Dubai like we already talked about so they’re kind of reiterating it and they were praised for their steps Taken by the Central Bank of Iraq and Iraqi government in reforming the banking sector. They once again the Reference the international auditing and consulting firms Ernst & Young, K2 Integrity, Oliver Wyman He goes on and says the most important steps that were taken were the development of the US dollar cash Distribution system in Iraq which they considered the most controlled and monitored system in the world which limits Manipulations from the US dollar they have again the qualitative shift in foreign transfer operations And they go on to state that these operations which now have risen to the levels of transfer operations carried out by international banks, so All right, so it goes because these operations carried out by banks operating in Iraq depend largely on the confidence of international Correspondent banks and banks in the Iraqi banking sector.

So here again I want to just make a little bit of a reiteration that Banks in Kurdistan region of Iraq have correspondent banks around the world including the United States and in Europe and the Middle East So here’s evidence that they have them Banks that are already in Kurdistan region of Iraq are the RT Bank And the National Bank of Iraq and then the correspondent banks for the Iraqi banks are the Trade Bank of Iraq the Turkey Bank Ossie is is Bank Ossie Okay And then the again the Iraqi Central Bank who what supports Iraq’s Iraqi banks by increasing their balance in correspondent banks and in a variety of currencies and Then look my view on it is the main focus of This whole thing is that Iraq has done what she needed to do regarding financial banking reforms in a qualitative manner We can get that from tonight. The correspondent banks will make sure that there is compliance Both the center in the region have these correspondent banks in place. So the whole country is ready to go with correspondent banks So so it says those banks and entities that are not playing by the rules are having Problems that may not go away unless they get in compliance and the new rules the Central Bank and the US Treasury have put in Place like it or not.

There’s no choice in the matter as far as I’m concerned Those that do not play by the rules are gonna lose big-time and I think Al Sudhani knows that I think tape Sammy knows that I think the Minister of Council of Economics know that and I Think that we all know ourselves that They be in business and they want to do business which is a development road project Look we talked about On Friday, so if I just to recap for what we talked about with The news that was out and the audio that we have in patient exclusively for you guys It says waiting on the move for the central banks We’re so basically to us there’s going to be a move on the central bank. I would assume because of The 2024 budget investment part of that 12 C or 12 to C and we haven’t seen that exposed in the Gazette But we’re expecting it to be because we know that that law has been ratified that amendments been ratified by our Rashid I think I think that was done on the 13th of the 14th as well and so what we’ve been watching for is the Gazette, but actually it may not be published in the Gazette until after the fact that All the locked central bank governor shows us an exchange rate or at the same time they do it at the same time I’m not really sure but Look, it’s supposed to be published. It could be published in any one of the three days of the week And one of them is coming up could be tomorrow, but they subsequently have three during the week Tomorrow’s could be a big day.

But then again the following Wednesday or even Saturday We don’t know but bottom line is they told us that it was going to be taken care of So we’ll see how that goes Look the oil to flow into Turkey hasn’t been done yet. There’s been Information that suggests it could be as early as tomorrow That’s fine, but again it hasn’t happened So we’ll see how that goes and the salaries to the citizens they haven’t been quite paid So you can see how what we’ve been talking about is exchange rate oriented all of these things need value What rate are you going to be able to pay those salaries at? Okay, what Value are you going to apply to the to the exchange rate with oil crossing international borders again because they shut it down over what last Forgive me, but I think it’s been almost two years or not quite. I don’t worry about it, but It is what it is.

But look the bottom line is the current that from Turkey. I think it was March of 2024 I think it was so anyway, we’re here with 2025. So Just know that they’re losing a lot of money.

So I actually know that I come back to it you guys I think it was in March of 2023 So that’s been that long and I think the estimates what in print are about 19 billion dollars lost So they’re losing a lot of money But they if in fact at that budget and all those things those three main laws that we talked about the real estate law Which is I think the HCL effectively or the 12 C 12 to C article is It is in there. So we’re gonna see how that turns out and we’re gonna see if the citizens get paid So, let’s see what happens you guys. This is what I have for you tonight on Sunday Enjoy, and thank you for being with us.

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