Iraq Dinar News-Central Bank-Impact of Changes Global Economy-Digital Dinar (Uncut) 03-14-2025

MM&C Iraq Dinar News-Central Bank-Impact of Changes Global Economy-Digital Dinar-Global Implications

MM&C Iraq Dinar News-Central Bank-Impact of Changes Global Economy-Digital Dinar-Global Implications

Hey everyone before I get started I just want to remind you that if you like my content hit that like button subscribe to my channel and then join the Militiaman and Crew Patreon community by clicking the link in the caption Hey, good evening everybody look who showed up Wally just showed up and Since we’ve made a change he’s been He’s been coming around and he’s really happy. My grandson was here today. It’s what it was wonderful Militiaman and crew just wants to say Thank you, but he is gonna be a tyrant but a good thing is is that when he’s in here with me and We’re just gonna get started on some news.

Okay. So look we’re gonna jump right into some some news this evening I just wanted to say thanks for being with me. Well, it’s your man and crew appreciate everybody being with us It’s been all it’s been a long road everybody.

I understand this You know waiting for what we’re looking for and everybody really should be exciting because This I’ll call it a subset of data. That is preceding something. I’m going to get into This evening as well, but I’m gonna first get through is that look All the little bits and pieces if you tie them in together, you’re gonna find that Iraq is truly ready to go international Her international is Internationalism is being put out in the news The last few days just collectively one after another one after another I think I put in it just myself alone was only able to get to probably about 16 or 17 articles specifically out of about Put it this way Hundreds because Samson brings us, you know, like I told you guys she she gives me a lot of data to go through and that takes a lot of time and Takes a lot of brainpower.

So I It’s not I’m not lifting weights. I do but it was not with this but Mentally, it’s it’s a lot. It’s a lot of challenge.

And so to try to Paint this picture or bring this picture together is is a task So I’m glad you guys appreciate that and that’s why I think you’re here. So Anyway, the government advisor says no u.s sanctions on al-rafidine bank waiver on importing Iranian gas is still in effect and I bring this up because You have to be careful on who you read and who you pay attention to Just because an article comes out and says one thing, you know, if you don’t know who it is and what their agenda is you might get Sidetracked but there’s some key people out there. We know that al-sudan is at the top tape Sammy’s at the top Allah locks at the top Soleil the advisor is at the top.

I’ll know Suri. He’s at the top and there’s a few others But there’s there’s quite a few others, but but we do focus in on the quality of the news. We focus in on the content of that news and Taking in the good and throwing out the bad Right, and that’s when you need to be able to decipher on who who’s who what’s what and that takes research to do that you’d have to find out which political party they’re with you got to find out what their Sectarial background is it’s a lot of things and what their agendas have been and what they are and Opinion pieces are tough because Some of them are quality and some of them are well written and so you have to you know Take in a good draw at the back.

But anyway, this particular thing talking about the raffidane bank being sanctioned and To be fair. It says here that the US Treasury Department denies the existence of a trend to penalize the al-raffidane Bank and It says and American companies are working on the structure. So the restructuring the raffidane bank and we all know that and So there is no trend to penalize raffidane Bank, so If you’re reading some of the articles and they’re talking about those sanctions, etc Well, I guess the United States Treasury might trump those guys and that wasn’t a political statement.

That’s just Freedom an expression, okay Here’s one. It says Iraq aims to launch mega projects to attract 1 million tourists within the five years but Iraq already has millions of tourism of tourists coming into Iraq each and every year for specific religious beliefs and They do it every single year by the millions of people and that’s a revenue stream And now that they have electronic taxation, they have electronic borders effectively all of those things when you come on across the border if you’re bringing in goods you’re gonna have to pay some fees or They’re gonna collect taxes And all the revenue from taxes when you buy products there in Iraq and those people are gonna need needs they have needs and those needs are gonna be In some degree if they charge a tax for it, the government’s gonna tap into that whereas before a lot of that money Being that it was a more cash society Was graft and that money didn’t get to to the people through the proper channels through which is going to be or it is Already in place. I believe the unified Treasury account so non oil revenues, right and that’s one of the backbones of the of the system, so It says the mega projects.

What are they going to do? They’re gonna bring in new hotels for tourism They’re gonna bring in I think somewhere around 1,300 hotels, I mean just think about the amount of people it’s gonna take to build them and the infrastructure That’s necessary for that and you’re gonna need water right remember those deals with Turkey and all that stuff is still in the background Realize that Turkey is going to have an impact with or without the Development Road project and I think they’re going to be with the development road project Here it says economic cities will create jobs and develop energy supporting industries He goes on to this person says noting that this will make them centers of attraction for international and local companies for international local companies operating support services for the energy sector The Ministry of Oil It says given their distinguished integrated infrastructure of specialized industrial economic zones in addition to advanced resource centers It says these cities will contribute to Creating new job opportunities developing energy supporting industries without the need to purchase them from abroad and localizing technology as the as these cities Will attract foreign and local capital so all of those things right there are just a beginning and there’s more It says the government to establish industrial zones and large companies in the Grand Fah port And they go on here. It says there’s a large package of projects Including a naval base project It will be contracted within a month And a half so about a month and a half. It may be maybe finished.

They’ve already been talked already working on it and We’ve never heard about it, but here it is And that is followed by liquefied natural gas station a liquefied natural gas station They’re even talking about doing floating ones, and I think we’re gonna find more data about that I think a member of our group in Patreon and our discord room has found some stuff and sent it to me today But I just didn’t have time to get to it But if it’s what I think it is, it’s it supports what I’m talking about And I want to thank I’m very grateful for that. So that’s all I’m very grateful for that information. Thank you it goes on and it says that In addition to that Major project which is a refinery Within the port complex and a petrochemical plant Which is contracted by the Ministry of oil and we’re following up on this file, which will be operational soon So obviously they didn’t they’re not spending all this money or the investors aren’t spending the money To do all these things If Iraq wasn’t getting ready to go international and everybody in the world that’s involved in this and we’re talking about international companies If they didn’t realize what they were going to do, they wouldn’t be doing this It’s just the way it works as far as I can tell Here what another thing that they’re gonna need they’re gonna need food to feed all these millions of people Because that’s what it effectively comes down to is because you’ve already got millions of people coming in on a yearly basis But when you add millions more or a million more for instance They’re gonna need the food and here it is a plan to offer major investment opportunities including integrated projects.

What do they include? Well the agricultural investments It says the Ministry of Agriculture will present ready made investment opportunities that investors can apply tooth can apply to Through the National Investment Authority After which the local investment authority will be issuing licenses. So when we’re talking about gas we’re talking about Tourism now we’re talking about Agriculture you see where I’m going with this and we’re talking about internationalism And here there’s another article talking about oil resumption But it’s this the article reads the Kurdistan Regional Government affirms its commitment to exporting selling the region’s oil through SOMO So basically, it’s the Kurdistan Regional Government’s Council of Ministers. They say that the president of the council Muster of Rosani held a meeting attended by his deputies and he goes on the talks about The amount of monies that they’ve been getting for the first specific months I realize everybody that because of a lot of there’s a lot of Investment that’s in there and there’s a lot of things that Iraq does They’re allowed to do that and allowed to pay set salary, you know at it specifically In in dinars because they have already allocated Monies for 23 24 and 25 in the tripartite budget and I think they call it the 112th program So they’ve already got that so just assuming that they’re already doing this that they’re gonna that they’re not going to do something different and they’re always going to be at the same exchange rate is wrong and The evidence is out there and they explicitly tell you that is that that’s how they do it And if you do your study, it’s which is lengthy to find it all, you know on your own It but it’s true.

It’s it’s it’s a situation where That they haven’t exposed the 23 24 budget tables yet and we know that they’re not going to do that until It passes the comm and so they’re gonna have to give that information to the Council of Ministers prior to it ever getting to Parliament, that’s just the way it works It’s not their business until after the fact that it’s exposed and the comms Allows them to read it and see it by that time Allah lock has probably has made his move so Anyway, what it says here is that the council affirmed the regional government’s firm Position to implement the amendments to the budget law Okay, probably that article 12 if you guys to see remember that Okay region in government firm a position implement the amendment to the budget law so that the region’s oil is exported through the SOMO and its Revenues are returned to the federal ministry of finance not their ministry, but the federal government’s Okay, that’s the unified. That’s where all the non oil money is going to go That’s where all the borders taxes fees tariffs monies Tourism monies all those things are going to non oil revenues are going to go through there Which is going to benefit what they’re going to benefit the citizens, what are they going to do? They’re going to get their purchasing power Why because if they change the value of their exchange rate and they go on to the international forex They’re not going to do it at 1310 if they were going to do it 13 cent as it is today They would have already done it, but they haven’t it’s that simple. So in my view anyway, okay Here’s here’s another one that says financial paralysis threatens Iraq’s economy.

When will the budget crisis be resolved? Well, we’re talking about the budget tables and here it is the committee member a Moeen Akademi he says this the Ministry of Finance is sending up of the 2025 budget tables to the minister Means that its mission has Concluded but be careful says we await the Council of Ministers on these tables and their submission to the House of Representatives So they they say that that will when they do that though, it will be a conclusion it will be concluded Then after they conclude it Then they await the minister’s vote and the tables their submission once they’ve done that they will submit it to the House of Representatives, so there’s a pecking order and the pecking order is Far beyond and above the Parliament and so we’re not waiting for the Parliament to do anything What we’re waiting for is is those 23 24 24? budget tables to be reconciled and given to the calm and Once they do that if they haven’t already or they’re doing it now I don’t know but the bottom line is it’s not going to go to the Parliament and we’re not waiting on Parliament they can give time tables all they want but that doesn’t mean Doesn’t mean anything to me to be fair, okay Parliamentary Finance Committee, so here we are the Parliamentary Finance Committee It says the privatization is the optimal solution to fully collect taxes It says they’re established a comprehensive government program to ensure full tax collections and the revenues to explore new Alternatives that depart from the old mechanism. So something’s changed something’s new and they’re going to do something different It says to the third thing there’s the first the second but the third is which is finally privatization Represents the optimal solution to collect taxes in full Privatization will help the government in two key areas first reducing burdens associated with appointments and second reducing operating expenses So it’s going to be cheaper form. They’re going to privatize the taxation system makes sense because it’s more efficient and More auditing properly and we’re going to see the real results of that and the more revenue streams that come in that are outside of oil will also Support the value of their for future real effective exchange rate with is our EER.

Okay It says that this Jamal Cougar right coacher Cougar They call them all kinds of names the way they spell it but it depends on the mechanism the government will adopt and If it moves forward to privatization This means that the ministry’s budgets will be separated from the government Which will boost the state’s revenues and reduce its financial burdens So basically saving money on taxes the private sector handles it It’s it’s just going to be a benefit for all of the above for the well The main goal is for what the citizen we all know that and also Donnie’s on that Even now solder who’s been very quiet this last year which is I think a very positive thing because that means that he’s not upset and Because he hasn’t had people in the streets and he’s able to get million people in the streets Probably within days if he wants to but he hasn’t done that which is a good thing. So To the meat and potatoes for instance, okay It says the Center for Banking Studies concludes the accounting and budget auditing So the central bank, okay, they’re banking studies Concludes the accounting and budget auditing. This is just a brief statement by the central bank But what does it tell us it tells us that they’re internationally ready to do auditing at the central bank in regard to International standards So it says the banking studies at Central Bank of Iraq concluded its course on a mechanism of auditing accounts and budgets for 65 people Working in the financial accounting and auditing departments in the Iraqi banking sector The course program included training participants on how to prepare and analyze budgets submit financial reports in accordance with international accounting standards and Improve their ability to examine financial records and ensure their compliance with legal and regulatory standards But the bottom line is what do they say in accordance with international accounting standards? Investors are gonna be Happy about that because they have qualified people so they say To do the things that that bank is all and banking system They said it wasn’t just the central bank, but banks to write key ones probably if there’s 65 people Obviously they needed to spread them around the country And so that’s a very powerful thing to have happened all along with these extras little pieces that we mentioned About the different sectors that are coming in and how far along they are now Here’s here’s one.

It says a central bank prudential policies to counter the impact of Changes in the global economy. Who is this? It’s one of the people I mentioned. His name is Samer al-nasseri Right.

So when I said in the beginning to pay attention to specific people, there’s a name that you should reflect on This is a lot. It’s kind of a lengthy article, but I’m just going to get to his main point which is a little bit lengthy in and of itself, but It says given that the economic stability is achieved through stability in the financial monetary systems of central banks Precautionary measures in 2023 and 2024 and its objectives outlined in its third strategy I guess it’s going to go out to until 2026 in light of expected developments in future Crises require a fundamental reliance on building foreign reserves at a level that covers the local currency in circulation imports external debt repayments and other international Obligations it also seeks to diversify reserves to include a basket of currencies Okay, it talks about gold bonds and securities it also adopts policies and mechanisms to regulate foreign trade financing and comply with again international standards Okay, this is exactly what this is what it states It says this is exactly what the central bank did during this period as its foreign exchange reserves reached over Or more than a hundred and seven billion and fair to be fair. I think it’s more than a hundred and ten I think it’s even higher.

But Anyway, they use this 107 and they have six 162.7 tons of gold that’s about 20 tons or 10 tons within the last time they told us But I think they’ve increased 20 tons to get to this 162.7 within this year It says the World Gold Council announced that Iraq’s ranks fourth in the Arab world and 28th globally this confirms that the central bank is proceeding steadily to achieve the objectives of monetary policy in reducing inflation and Controlling the general price level. So they’ve already tell it told us that there are somewhere around 2.8 to 2.5 percent inflation, which is historically low in all of the Middle East Okay, and one of the key components is I’ve already read to you guys and shown to you time back Is that having the dollar reserves having the gold reserves and having low inflation are key components to a revaluation? It’s in writing you guys can look it up. I have it on in the forum I went over it you might remember it in one of our previous YouTubes So it goes on and says that the annual inflation rate reached 2.8 percent and the basic rate equals 2.5 percent as well as controlling the money supply Maintaining the exchange rate of the dinar within the balanced price in the trading market Despite the fluctuations from time to time in the exchange rate of the dollar in cash on the black market You guys remember what Soleil said another one of those people like al-nusri so they said hey The black market is actually insignificant It’s not a barometer for the central bank But it is something that the citizens pay attention to but that doesn’t make any difference What it does is I believe gives somewhat of a deflection because they talk about it and that deflection is is that well? They’ve already told us many times That it’s insignificant in the sense that everybody’s going to the proper platform and the electronic system to do trade for import and export and They say it’s at 95 percent And that’s been months and months ago and realized they recently the United States has cut all dollars going into Iraq in cash, they’ve done that we already know that so that’s huge So the black market is just getting flat-out pinched and whether they want to do business or not They’re going to have to play by the rules So it says continuous monitoring on the analysis of the interest rates set by the central bank This requires fiscal policy key economic sectors and the ministry is responsible for them to work together in a clear and specific coordination With the central banks management to achieve economic stability Hedge against the global economic crisis and mitigate its expected future repercussions over the next three years So they’re basically going to work on this they’re going to be monitoring it as they go and once they make their move They’re going to have what they’re going to have the cover for their currency for their local currency And that’s what it is what they’ve done.

They have well over what is required by the IMF on They’ve got I think three to five times the reserves necessary to support the value of their currency So it says here Iraq’s readiness to launch the digital dinar It’s a step towards an economy without paper cash. That’s the article you’ll find it in patreon.com forward slash mm and crew and Don’t forget the free discord that comes with that and you guys should come in because I’ll tell you what if you want to read All the articles on your own without any influence you can read them raw and you can do your own analysis But I give my best opinions if you’d like so check that out here It says the governor of the Central Bank of Iraq al-alak revealed that the financial banking system in the country is about a fundamental Transformations most notably the gradual decline in the use of fiat currencies in favor of digital payments During his speech of the 9th finance and banking services conference and exhibition Al-alak stressed that the central bank is working on establishing its own digital currency Which will be gradually be offered to? Offer to be an alternative to paper currency similar to the experiences of a number of international central banks Remember the or gore of the gora project. Does that ring a bell to you guys? It should And you got to remember what technologies are talking about, okay, they talked about New technologies they talked about artificial intelligence In recent times now, they’re talking about here with Iraq digital currencies new technologies Right new systems.

Okay, so some of the folks out there to think that I’m jumping into crypto But guess what? They’re invoking New technology and they’re talking about crypto currencies, but they’re talking about something far different which is central bank digital currencies Excuse me Okay, so as this initiative is to launch the digital dinar according to an economic research researcher Zayed Hashimi comes as an attempt to get rid of the chronic problems suffered by the monetary system But its success is still in doubt. Of course. Well, some people are going to be Excuse me somewhat skeptical because It’s new.

Well, of course, no problem. But the fact is are they in the process of doing it? Yes, they are so with Hashimi goes on and explains there is a fundamental difference between digital currency and crypto currencies Ditto digital currencies are issued and regulated by the central banks such as the digital dollar or the digital Durham Or and are managed without a formal regulatory framework while crypto currencies such as Bitcoin Remember that one, okay Operate in a decentralized system that is not subject to any regulatory authority and are characterized by a large fluctuation in their value Due to their dependence on supply and demand. Well, I think everybody knows that Bitcoin doesn’t have a whole lot of supply and I think that everybody knows by now in the world that the United States Treasury has used or is going to use Bitcoin as a National reserve currency.

All right, and guess what? That means they’re gonna buy it, but they’re not gonna sell it And guess what else they’re gonna do. They’re gonna buy it a basket of so-called new technology cryptos and for why because that technology is going to be the backbone of how fast they can do Trading on an international scale 365 days a year Seven days a week 24-7 without any blackouts. They’ll be able to do payments in large dinar Okay, major Transactions remember that? Okay, they’re going to use the new system you guys and the dinar is going to be part of that At least that’s what this Arctic these articles have been Showing us and when they start invoking this in articles like this You can tell even when a lack says we’re have well we have as far as the central banks concerned the the goal to do a digital dinar and that’s Yeah, everybody should be smoking smiling about it.

Okay, because it’s it’s very powerful Anyway goes on and says with regard to the upcoming digital dinar I Love that. He points out that the Central Bank of Iraq will be responsible for issuing and trading it which allows you to control and supervise Financial operations that contributes to reducing financial crimes and money laundering Unlike cryptocurrencies this currency will be fully supported by the central bank Which gives it a degree of stability and makes it similar to the fiat currency in terms of sovereign value With the difference that it’s trading with the difference that it’s trading will only be electronic through bank accounts and digital wallet He says that he believes the main objective of this step is to reduce dependence on the paper dinar that is Hawking outside the banking system to promote Financial inclusion as well as to try to reduce the widespread use of the dollar in local transactions by enhancing confidence using the dinar as an official alternative in daily operations so anyway It goes on and says the success of this project depends on providing a suitable environment and tight Application and if if this is achieved the digital dinar can actually contribute to the withdrawal of stagnant money mass all that hoarded money Activating the banking movement and stimulating credit which may reflect positively on the overall economic performance and here select talks that The economic visor to the Prime Minister believes that the central banks around the world including the Central Bank of Iraq are still in the gradual preparation of the transition to the world of digital payments as a Modern alternative to fiat currencies. He can’t tell you when he can’t tell you Exactly what’s going on because that’s not his job, but he but he’s he’s planting the seed He explains that It does not change the essence of money and its basic functions But only seeks to improve the efficiency of dealing with it and reduce the costs Associated with it in addition to strengthening the financial controls and reducing financial crimes and money laundering That’s new technology guys first off if you realize that what’s going to happen how much money it cost to move large amounts of money How much time it takes now they can do it for pennies effectively and they can do it in seconds as opposed to Large volumes of cash to pay for that process and at a very slow rate, which could be days weeks or more It says sleigh goes on and says this digital transformation in the monetary system does not mean the loss of money for its function as a store of value or a means of payment receipt or as a tool for you in Uniting calculation and measuring rights, but these functions will be fully maintained but in a more transparent governance and compliance environment new technology Which enhances the ability of the monetary authority to manage stability using the same monetary policies? Soleil goes on explains this as digital money is able to expand the range of banking services To include the poorest and most vulnerable segments of society serve by facilitating the opening of digital bank accounts And it goes says he says digital money will be available to all citizens from the smallest to the largest cash units Allowing transactions to be settled immediately without delay or waste of rights or time That is massive you guys because of what they’re talking about It’s going to be available for all the citizens to the smallest and the largest cash unit that they’re going to use There you go It’s not going to be It’s going to be settled effectively immediately without delay And it’s not going to waste of people’s rights nor their time He points out that the provision of the digital liquidity widely within the banking system and with the least amount of liquidity Will enable low-income groups to obtain instant and affordable capital through digital loans at a lower cost The funds will remain within the banking system, and we will not require large reserves or financial hedges So in this way the digital credit multiplier will be optimally activated which boosts financing and stimulates economy activity Without compromising economic stability or causing monetary inflation as long as monetary policy instruments remain Effective so he’s basically describing exactly what they’re going to do and how it’s going to work And of course he gives a caveat if they don’t if they do it right it should work it should work just fine Okay, so the economic advisor goes on and says the implementation of this project requires accurate and extensive investments and in information Technology, what was I’ve been saying? new technology Such as smartphones and communication networks with the need for advanced digital infrastructure Most notably a reliable internet network as the backbone of the success of digital payments It also stresses that the importance of a solid legal structure that protects the rights of users and consumers He ensures the security of networks for intrusions within a comprehensive framework of cyber security in line with rapid development of digital services Globally, so basically what what is this? Here’s another article that just supports Iraq is fully engaged with having a digital dinar that will be used in all dinar units from small to large Like it or not pessimist or not.

It doesn’t matter what Opinions abound Iraq is going digital and there’s nothing to me It’s going to stop that that I can see as I’ve already said it’s going to be a 24 7 365 no blackouts There’s about a hundred and eighty central banks that are probably going to be involved in all of this the liquidity if they do it all at the same time is going to be a fractions of seconds and they’ll be able to Not necessarily have to pair direct two by two Currencies or one by one currencies, they’ll be able to tap into liquidity from all over the world all day long they’re going to be looking for whoever has the amount of currency that they need it and they’ll have equivalency and value is the way I see it and they’ll be able to Probably blow the people’s minds of the world because the fact is that this new technology is going to be fast furious It’s going to be transparent and it’s going to be hopefully as I would say for everybody’s sake Good, and it’s going to be all about the truth Truth can be good and it could be bad. So but it’s going to be about the truth and that’s the focus So I hope you guys enjoyed tonight. I think there’s some really powerful information in there I think you should take it very seriously I think you really should be excited about they’re talking about a digital dinar in small and large units and they’re talking about major dinar Transactions.

So if you if you don’t see it now if you haven’t seen all this collectively for the last few years on without Sudhani behind it and then you see all the new technology that’s being woven into this the system and you can’t see how Complex it is. It isn’t it hasn’t really been about just come on Iraq. Come on, Iraq It’s it’s like I’ve said before it’s about Iraq, but it’s not all about Iraq.

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