MM&C Iraq Dinar News-Central Bank Globalizing Iraqi Banks-Completes External Transformations
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 and I just wanted to say thank you for all you guys’ support for being here with us tonight I think that we’re going to be uh seeing some really powerful information that comes from uh many different things but they lead up to
some really powerful stuff and that is what the central bank has to say so bear with me and we’ll get through it and I think you guys will be uh smiling like me okay so um there’s an article that’s called tach chili on Kurdistan share of the region budget we know that the region and the uh Baghdad which is the center have been you know going back and forth over the years at least as far as I’m concerned they have but it says the Kurdistan share of the 2024 budget says it’s more than meets the ey the kri share of the budget has
always been more than meets the eye a share that increased meaningful in 23 24 and 25 budget and increased further still in the updated 2024 budget tables as this report will unpack so it’s very brief it doesn’t give you exactly what it unpacks but the first part of the report uh shows shows that this share is calculated uh the details of the direct and indirect allocations make up this share in the K’s contributions to the federal government the second part revisits the second or a significant
departure introduced to the K’s share by the 23 24 25 budget and finally they say that it looks at a reset of the relationship between the Kurdistan Regional government and the government of Iraq that introduced these significant departures even after major changes introduced by the council representatives to the budget articles so I believe that what they are mentioning here is that there’s a that 2024 budget amendment I think it’s 12C paragraph second paragraph 12C which they have already put in The
Gazette I think that they haven’t exposed that yet so we’re going to find they’ve exposed it in the sense that they printed it but they didn’t give us the information so that if I’m right we’ll see how it plays out if I’m wrong well we’re going to see how it plays out uh this article is Al Sudani the prime minister of Iraq the government places at the top of its priorities achieving achieving noticeable progress in the service sector the service sector is going to be for the citizens it’s Al also considered
probably the private sector it says the time of this article that came out was uh the 11th which was yesterday of 2025 the the Prime Minister Muhammad sh Al Sudani met to today Saturday which was yesterday of course with the shakes and the dignitaries of the first and 2 kufa and Al rala neighborhoods located east of the Capal of Baghdad of course which were among the first areas entered by the government service and Engineering effort team as they are unserved neighborhoods so what’s that mean Al
Sudani is focused in on those that need it the most which is fascinating which is not surprising um Al Sudani says here that says the government places at the top of its priorities the achievement of noticeable progress in the service aspect and that the citizens everywhere feels a positive change in the level of care and service provided by the state agencies in all their aspects and responsibilities and this is a government commitment towards the citizen so look all eyes and ears are paying attention to to what Al Sudani
has been doing I think we all know that um his 2024 has been about achievements and there’s probably going to be a little bit more achievements that are going to be uh talked about it says here though just check it out Swift switch gears we all know about the Silk Road initiative or they call it well it’s the Silk Road initiative but they translate or they talk about it as the Belt Road initiative okay it says trade with Iraq reaches $50 billion one transactions in early stages okay so what we were talking
about we have talked about is that Iraq is using other foreign currencies for trade so what we’re going to be seeing tonight is probably significant in the sense that $50 billion is a lot of money for trade for just one country Iraq’s not going to just trade with one country all right he explained that the monetary transactions between the two countries are currently in the initial stages uh it says in the coming period this will be developed as an important source for both countries so the revenue stream
that’s going to come into Iraq from China is going to be massive it says uh it a large number of Chinese companies are opening in Iraq due to the safety and the stability of the country yeah I know we’ve heard that for for months but those of you that are out out there saying oh I’ve heard this before I’ve heard this before but you haven’t seen what we’re going to expose tonight you have not uh neither have I so it says the Ambassador ordered that Iraq’s efforts in Revival development and progress are
clear and there’s potential for aligning the development road project with the Belt Road initiative that’s going to be like interconnectivity you guys it’s going to be that mean that they’re going to be able to uh have the ability to have uh transfers external transfers which is moving money okay so anyway to be fair that Iraq and uh this development project uh seem to be on kind of a rocky road there for a while but it sounds like they’ve U obviously are committed now because of the nature of the Beast um and what
they’re saying is that the evidence shows that they are doing exactly what they’ve said they were going to do and it’s just been a process very complex process so here’s an article it’s called it’s talking about the Port Authority the port of is one of the biggest ones it’s going to be one of the 10th largest in the world it will be the largest in the Middle East it says the Ports Authority announced launch of customs and automation system we’ve talked about the escuta system that’s my how I pronounce it
anyway it says the national data center the General Secretary of the Council of ministers announced the launch of the AATA system in cooperation with the general authority of customs and the Border reports Authority it says they did it in 10 land sea and air uh border reports after conducting a comprehensive assessment of the infrastructure in these 14 uh boorder reports specifically within the framework of supporting the government’s program uh digital transformation and automation of Customs operations in Iraq they go on to
say that according to a statement by the Secretariat of the Council of ministers at the efforts included providing the general authority of customs with modern technology with modern equipment in addition to establishing a secure network system based on Advanced servers and firewalls with the allocation of a separate environment to ensure data security and Link the system to the secure government Network goes on and we follow along it says the Customs automation project aims to raise the efficiency of Customs
performance and facilitate the movement of goods in line with International standards in a qualitative step to support the national economy and improve the business environment in Iraq the business environment in Iraq is completely 100% the private sector so what does it look like looks like all systems are a go what it’s what it is not like about the converges what is not like what I say is what is not like to about the the convergences that we are seeking to take place in real time I think it is taking place in real time
there is a convergence I think if you’ve been paying attention and reading the news in patreon.com slmm and crew uh I think you’re going to find that uh what we’re saying is uh uh it’s all there we’ve been watching it we’ve been studying it I I think I’ve been involved in the Iraqi dinar for about 15 years and uh I took it seriously because one of the things I learned from from investors was to know what you own and I believe I know what I own it’s no different than people saying that silver and gold are
money it’s a fact okay so when they say know what you own know it and I think that those of us that are that own the dinar should know what they own and if you don’t then yeah you missed you missed it but you’re still if you’re going to be with us uh you’re going to find out that um that’s a reality that should be uh close to your chest this article says including accelerating the completion of electronic payment plans the ministry of Commerce issues three new directives uh this article talks about Finance stops transferring
employees Services between Ministries due to the lack of knowledge of financial spending see so that reeks of what sounds like spending if you don’t know what you’re going to spend how you going to spend money that you don’t know what the value of it is so okay it says stopping the transfer of Employee Services between Ministries and entities not affiliated with the ministry of or between its Affiliated formations whether centrally or self-funded or transferring services from public companies bodies and
self-funded directorates to centrally funded departments and vice Versa starting when they started this process on January 2nd 20125 and it says until the estimates of employee compensation Grant salaries and Company support for all Ministries and entities not affili with affiliated with the ministry governance and their councils are determined and included in the estimates of the general budget tables for 2025 I think you all remember that they can’t even do that yet until they finish up with 23
24 and those budget tables need to be Advanced to the 2025 it’s very powerful okay for the purpose of what is the purpose the purpose of it is for controlling the dispersement of salaries we haven’t seen the salaries Done Yet right this this is a long read but it says without the need to Resort borrowing and submitting these estimates to the council yeah wait back up without resorting to borrowing so people always ask that question well how are they doing all these things at 1310 borrowing that’s my opinion of it
and submitting these estimates to the Council of ministers for approval and recommending their submission to the House of Representatives based on the provisions of there’s an article 77 of the federal government budget law number 13 for what years 23 24 and 25 at basically they stay before the end of the previous fiscal year to the House of Representatives for approval so they needed to have at least that taken care of prior to 2025 as I as I see it this is due to the impossibility of transfers
at the present time so they can’t do any transfers at the present time to transfer the allocations of those who will be transferred to or to calculate the period of political separation of the service service lawyers for contractual and journalistic service and to calculate the certificate for those that who obtained it during service referring to the circular to it’s it’s a it’s a legal document you guys a legal circular department number Dan know D D dated 2026 regarding allowances and promotions
so they’re talking about what they’re going to pay people or how they’re going to spend and basically what is it going to be it’s all inclusive from 23 24 and 25 um basically they’ll have to have a formula to spend regarding allowances and promotions for spending ceilings for the general budget that’s why the stopping of these payments and transfers on 0102 2025 occurred as as I see it it says that um in my view this reeks of um that there’s a need to change the exchange rate for the Iraqi dinar or
they would have already done it if they haven’t done and they’re going to an international state that you’re going to see that they they should have already done it by now if it was going to stay at the same same exchange right there’s no other thing you could come with that anybody and everybody that’s been involved with the dinar should at this time say well they’ve they’ve been at 1310 for a couple of years and well or a year or more um why haven’t you done it yet that’s because they’re looking for
an exchange rate change because that’s what’s going to happen the investment side of the 2024 budget hasn’t been exposed yet and they may have published it in The Gazette but they didn’t tell us what it is they didn’t tell us exactly what it is and why isn’t the parliament why did they not have a quorum today why did they not why did they not do that well there’s going to be some factions out there that are not not happy about this because the cash cow is seriously coming to an end we already saw that the um the black market
the parallel Market or the dollar auctions they’re by-by I don’t care how many times I’ve said it it’s true it’s in writing and we’ve already published that so those that are out there suggesting that it’s uh that wasn’t going to happen it already did and there’s going to be a little bit more evidence for that um here what what is it this about it says weapons and factions confiscation tops discussions why because Al Sudani is going to be in Britain tomorrow think about why he’s going to be in Britain
tomorrow Britain is a financial center one of the second largest financial center in the world one of the thing key things you need to think about is one of the in part of this article you’re going to probably find out or if it’s not this one the next one that um there’s about um securing credit or credit cover if they call call it right so credit cover if you do your research you’re going to find out that that’s about credit and insurance so another words investors are going to need the insurance and also
they’re going to need that Banks when they get dinar recapitalized or brought up the monetary mass as they say is going to bring in what money to loan out and when they do loans they want the population to know that they can have or the investors to know that they can have insurance they can buy insurance it’s on the investor to buy that insurance so that if they do a trade deal that they can if they don’t get paid there’s Insurance okay okay so this goes on it says Al joh will make an official visit
one day um one day which is um as of now I guess tomorrow well relatively now Depending on time zones he says he will also discuss the file of the economy investment AR Armament with and and Armament with officials in the United Kingdom well one of the things about Armament is going to be coming down to um factions carrying weapons um security stability is not good if you got guys running around with guns so that’s that’s my point it says Al Sudani will focus his discussions in Britain on the security file and will show that the
steps of the Iraqi government in controlling the security scene and it steps towards controlling weapons outside the framework of the state and the file of factions will be among Al Sudan discussions there as an international desire to limit weapons of these factions during this next stage it’s interesting the timing though of this one day visit and then the next article is probably going to kind of give you an idea that how serious it is what are they looking for they’re looking for security what are they
talking about security the economy investment and Armament all of those issues that he’s talking about in in this article are all important to um having a safe secure environment for who well we talked about the development Road Project coming into um Iraq development Road Project underway uh China Etc development Road Silk Road Project money they need security investors need security they don’t need the armaments Run running around outside the state’s control so that’s a powerful situation and investors are going to
catch that they’re going to know here’s an article called The Economist what that’s where it’s coming from an economist the central bank’s policy is moving towards globalizing Iraqi Banks this e economic expert his name is Sean cus confirmed that Central bank’s policy is moving towards globalizing Iraqi Banks while stressing that it will contribute to raising the status of these Global Banks this is the beginning of what sets the stage for this whole whole show that we’ve been seeing you guys I haven’t seen anything like this
ever before in all my history to see at this stage of where we finally are or what it appears to be finally are it says the central bank’s policy is moving towards consolidating the issue of globalizing Iraqi Banks and the process of ing dealings with the electronic platform which we’ve talked about those a lot of people didn’t think think about that what they have done will contri contribute to accepting local banks that have the ability to provide guarantees insurance if you will and international
compliance conditions with International correspondent Banks so in other words local banks will be able to do and and provide guarantees that they meet that criteria and they’ll be able to assure uh investors that there’s some guarantees involved it says these cor correspondent Banks can carry out the process of changing the Iraqi dinar to any Global Currency immediately and for more than a million banks around the world let that sink in and there’s a possibility to develop the performance of other banks in order to succeed in
the international acceptance process so they’re set in the stage that they could other Banks can get involved but they’re going to to do up towards a million around the world that is massive you guys but yet it says there’s still possibility to import capital from different countries of the world and re-inject it so they’re going to put it back into Iraq from around the world into the local environment in the form of grants in in different investment portfolios thus the possibility of achieving the goals of the Central Bank
in a matter of development what is that the development Road Project investors guarantees pass it’s unbelievable it says the central bank will move from the issue of accepting local banks local banks internationally to the issue of participating in the development process and this will certainly contribute to achieving part part of the government’s program goals in in what employing the unemployed and forming productive Capital private sector productive Capital especially since a portion of Iraqis own Iraqi dinars so this is cool
especially since a portion of iraqi’s own Iraqi dinars that are outside the banking system we’re outside their banking system all the um uh Iraqi citizens that hold dinar are outside the banking system system and so forth around the around the world and whenever we start the issue of convincing them to Trust iraqy Banks we will have new doors open to operate this monetary mass in other words once you do what you’re told everybody we going to do you were going to make the dinar stronger than the dollar um they’re
going to go like okay great do we want to come home I wouldn’t be surprised and to do what deposit money Dinars so that what the banks can use it for Lending to fund what the private sector okay he stresses that this step will contribute to raising the status of Iraqi Banks globally we’re not talking about just you know down the street and this is a 1310 that’s not going to work that’s not what they mean so what do they say it says meaning that they will succeed in the process of having a name in International Financial trans
transfer operations and gradually confidence between banks will be strengthened and there is what is called credit cover if you guys figure out what credit cover is you’re going to find out what is that in insurance it’s going to be credit so when they do loans they can ensure that that they get paid the debtors okay so it says uh what is called credit cover between Iraqi Banks and International Banks and the level of confidence will be reflected in that credit cover it goes on further and says
pointing out that rehabilitating these Banks especially the TPI Bank can contribute to our having International acceptance for international correspondence for this banks that sounds like in that sounds like an interconnectivity in communication International correspondence correspondence being information to be able to communicate I think that’s what that means okay so I’m going to leave it at that we have more in patreon and our Discord chat room you can find this article and and my my uh view on it um in in my
patreon room it’s for members and everybody’s welcome and even on a global nature okay everybody and thank you all for being with us because that’s um you guys’ support from around the world has been amazing I appreciate that and it’s been a pleasure to be able to um chat with a lot of you and I mean from around the world is fascinating for me it’s a whole do new world for me too so anyway so the last article I’m going to talk about is the Central Bank successfully completes the its external Transformations the statement is on
strengthening balances and stability so it says the Central Bank of Iraq has succeeded so they’ve done something in adhering to its program related to the trans transition from foreign transfers via the electronic platform to the work of Iraqi Banks through their foreign correspondent Banks remember that there’s many countries that they talk about it says the statement by the central bank which this gentleman says um on Sunday today the transition took place through stages that external transer process went through starting
with the window for buying and selling foreign currency and moving to the stage of the electronic platform so they went from the old dollar to this new electronic platform that’s their terms there’s a different name for it but that’s for the basics for external transfers and ending with operations to gradually enhance balances during the year 2024 and it was fully achieved in the last week of this year so what they did was they actually fully achieved what they wanted to do in 2024 so we have been spoton about all of this
they just haven’t told you yet just because all the Articles say certain things doesn’t mean it’s all coming true but here this is coming from the central bank today it says the Central Bank promised the achievement of radical transformation in line with the best International standards and practices to achieve a stable and secure Financial system do you guys realize though that what did Al he say he was said the strong the strong dinar it was going to be stronger than the dollar back when he said those things back in 2023 and and a
lot of people were say well he never lived up to it he never lived up to it well guess what get ready so anyway it says to achieve a stable and secure Financial system that secure Financial system is exactly what they talked about in where in the UN assembly meeting in September of 2023 sub quently later in davo early 2024 they talked about bringing confidence to the International Financial system they said that we’ve talked about it we have it in our patreon.com um Forum Discord chat room we’ve talked about it all and here it is
it’s in writing it’s in print it’s awesome okay it says this work received international support so what they’ve done has received so in other words past 10 international support and praise throughout the stages of all of this that’s been going on so they’ve been getting Kudos ever since Sudani got here those that have been talking about Sudani is the bad guy and ala Lock’s the bad guy those folks were probably heavily invested in the black market heavily invested in that parallel market and and all this time all they did was
probably take from the CI citizens they’ve been we won’t even get in to it but but I think you guys will get the picture Okay so it says from this standpoint the Iraqi Central Bank will continue to enhance the balances of Iraqi Banks so they’re going to keep doing what they’re doing with correspondent banks in the US dollar in addition to a group of other currencies as we know about which is the Indian rupe the Chinese Wan the Euro the emirati Duram and the Saudi RI and the Jordanian dinar and I think it’s says
amongst others but I had anyway maybe not okay so it says this achievement has enhanced the efficiency and safety of foreign transfer operations so that’s crossb payments they’re ready to go and their transition to the method followed in countries of the world so similar to everybody else which will make Iraq’s approach a new stage in its Financial relations so this is all new regionally and internationally and enhance the government’s orientations in expanding its economic relations and enhancing
investment opportunities that’s the private sector economic relations good relations is always good enhancing investment opportunities why because they’ve got the security and stability and we have already seen that China’s already dumped about 50 billion into the country amazing and it’s more to come everybody in my view he points out that the efforts in this important achievement came through a series of ongoing detailed technical procedures and agreements and great support from the Iraqi government it says that achieving
Financial stability in its position among central banks in the region and the world so they’ve achieved Financial stability and its position among central banks in the region and the world really alock the bad guy I don’t think so okay it says which will be positively reflected in the confidence remember that word confidence davo meeting go back and look it up see what they say it’s going to talk about confidence what did Sudani say in 2023 he’s going to bring confidence effectively um to the International Financial system he wasn’t
lying and he’s not going to be a liar what did I tell you this started what these last two articles showed that they did and they’ve they’ve attained this recognition in um 2024 but they just didn’t tell us yet that Gazette why did they hide that Gazette why did they hide that is it 42 no 4825 48 uh whatever 48 482 I think that’s what it’s going to be but anyway it goes on it says uh the statement explains that the management of the Central Bank of Iraq seizes the important opportunity to express its thanks so they thank you for
doing something and its appreciation to everyone who contributed to achieving to for doing this this great accomplishment first and foremost the cadres of the Central Bank of Iraq the banking sector in Iraq and all International Partners I’m not sure of a you guys are getting the totality of this but I ass am it says the Central Bank of Iraq expresses its full Readiness to support all Iraqi banks that work to develop and enhance their performance in the field of governance compliance and combating money
laundering in a way that positively reflects on the confidence of international and Regional banks in them to contribute to strengthening the Iraqi banking system and the Iraqi economy in general look the word is out by now the Central Bank the external transfer process was in play all along like I’ve said it’s now in black and white we can read it the external transfer process has taken place already as I stated as they State as the last week of December they’ve exposed what they’ve done today not only by The Economist in
that last article but they also have discussed it by the Central Bank of Iraq directly they’ve accomplished what they said they were going to do in that they’ve announced their accomplishments you can see that again as all of us take the totality of this in it is truly powerful and it’s not just in a regional sense right now it’s on a global level everybody I mean that that’s powerful the evidence is quite clear that Iraq has gone International where it comes to International transfers and in doing so
they have BR the confidence to the Global Financial system that they told the world they would do in September 2023 at the UN assembly and then subsequently at the Deo we have yet to see today what yet we have seen today is the Iraqi Gard to be stronger than the dollar sure we haven’t is it going to be absolutely so look that’s what we fully expect from today’s news out I mean to me it is like a wow wow wow I mean I’m ready get ready because what we just exposed tonight um or shared with you guys tonight more so
than exposure it’s just that it’s already public so is is very powerful in nature and it supports that um thankfully militia man and crew have been on top of this paying attention super Samson has just knocked out of the park uh for years I mean long before we even got started she’s been doing that we’ve had other people like Petra we’ve had other people like pompy Peter of course his awesome videos um that he so kindly shares with us um he’s over there having a little vacation right now and I think he’s smiling large which is cool
we have people like Gigi uh she helps keep the our uh patreon and our uh Discord chat room running smoothly uh you guys may be a little bit tight on some of the things that we do but bottom line is having continuity having positivity um is important um so do we focus in all on all the negative no everybody can go get that anywhere they want they can just turn on turn on the TV you’re you’re there so keep it a positive attitude helping people is what we do and that I want to thank again everybody for being with us on that and
I’m going to end this is that these two last articles in this file are um something to take very seriously and if you don’t um and if you’re if you’re doubting your investment hang in there because what they’re saying is truly something that I’ve never seen in my 15 years of being here and the evidence is not from me and it’s not from anybody else on the Internet it’s directly the latter part is from an economist and the central bank they did it today boom I think it’s huge guys it’s exciting times I’m not sure I’ll
sleep tonight but hey in the meantime is there more to come sure we haven’t seen the exchange right but guess what as you can see the stage is set so enjoy have a good night thank you again for all those donations to to zel venmo and PayPal they’re much appreciated and they’ve gone a long way to help keep this all coming and again if there’s more to come we’ll keep doing so and uh don’t forget hit the like subscribe and uh I’m getting closer to that 50,000 Mark so thank you very much everybody you’re much appreciated 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 militia manic crew 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 and have a great day