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ABOUT THE NEWSLETTER:

May 27 2025 Mnt Goat News Brief

Guten Tag everyone:

I have some good news for you today. No lies or speculation, just the FACTS. Many WOWs!

GIVE A GIFT TO MNT GOAT

I decided to allow everyone to give a Free-will GIFT to Mnt Goat on PayPal if you so desire. Here is the link below.

Since 2013, I have taken my own time from my gasthaus business to research and document findings about the revaluation and reinstatement of the Iraqi dinar. At this time more than ever I do not need to spend my time doing all this. My time is hard to find, as I have to hold down two formal jobs already due to COVID just to keep the business going. So, I do it out of charity and love for YOU with the understanding that all of us do NOT have the time to go do our own research. We are busy with our jobs, our daily lives and raising our children. I am saying this takes time and is like a third job.

I recommend $10-$15 dollars a month or whatever you can afford. Do you realize I write eight (8) Newsletters every month. I have to investigate the news and try to pull out the FACTS, then pull off the articles from Iraqi news channels, translate them, talk to my contact in Iraq and then write and publish the Newsletter. Do you think perhaps a little gift might show some appreciation for all this hard work? Just asking…. Still only a hand full of readers help out each month. Enough said….. The future of the Newsletter depends upon you.

 Let’s all try to chip in!

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Psalm 37:4

“Delight yourself in the Lord; And He will give you the desires of your heart.”

I highly recommend most of you to watch this video today about how to bring wealth to you. Wealth is not something to beg for, it is already yours. All you have to do is reach out and believe it is yours. No more intel guru talk, just have faith. Psalm 23.

More news….

FIFTH ROUND OF US-IRAN TALKS SET FOR FRIDAY

 On Wednesday, Oman’s Foreign Minister Badr Albusaidi announced that the fifth round of indirect talks between the United States and Iran will be held in Rome on May 23.

Albusaidi confirmed the date in a post on X, marking the first official detail after weeks of quiet engagement in Muscat and Rome.

His statement followed remarks by Iranian Deputy Foreign Minister Abbas Araghchi, who said Tehran had yet to finalize plans for the upcoming meeting.

Despite continued indirect contact, both sides have shown little indication of tangible progress. Earlier, Iran’s Supreme Leader Ali Khamenei dismissed the possibility of a breakthrough with Washington on either the nuclear or missile tracks.

Analysts view Khamenei’s stance as a sign of entrenched resistance within Iran’s leadership, while Western diplomats caution that without flexibility, the window for renewed engagement may soon close.

Just in: UPDATE from the Friday negotiations talks.

TEHRAN TO WASHINGTON: IF THE TRIGGER MECHANISM IS ACTIVATED, THE RESPONSE WILL BE HARSH.

Iran has issued an explicit warning regarding the activation of the nuclear agreement’s “snapback mechanism,” stressing that any such move will be met with a firm response.

This came in remarks made by Iranian Foreign Minister Abbas Araqchi during a meeting with the Iranian Parliament’s National Security and Foreign Policy Committee.

Araghchi pointed out that uranium enrichment inside Iran is an irreversible “red line,” emphasizing that Tehran will not negotiate under threat or pressure, and that Iranian diplomacy operates based on an independent vision that is not subject to political blackmail or temptations. He expressed his country’s willingness to cooperate in establishing a regional enrichment center, but stressed that enrichment within Iranian territory is “non-negotiable.”

Araghchi also held Israel partly responsible for the escalation, warning that any war that might break out in the region would not only harm one party, but would have repercussions that would extend to all countries in the region. For their part, several members of the parliamentary committee expressed their categorical rejection of any negotiations with the United States, noting that it continues to impose sanctions even while the talks are ongoing, which they described as a “dishonest approach.”

More news….

ERBIL INTERNATIONAL FAIR: A VITAL PLATFORM FOR ATTRACTING INVESTORS

The 15th Erbil International Construction, Electricity, and Energy Exhibition is a key meeting point for investors and owners of industrial and commercial companies from inside and outside Iraq, reflecting the vitality of the industrial and commercial sector in the region and the country as a whole. The exhibition, which will run for several days, features more than 250 local, Arab, and foreign companies specializing in construction, equipment, and building materials, providing a great opportunity to exchange expertise and establish new partnerships that enhance investment opportunities and economic development.

(What yet another investors fair?)

More news….

AL-SUDANI LAUNCHES THE “IRAQ FIRST” STRATEGY

Amidst regional challenges and accelerating international transformations, Prime Minister Mohammed Shia al-Sudani raised the slogan “Iraq First” by announcing the launch of the National Security Strategy (2025-2030), marking a turning point in Iraq’s journey toward strengthening its position as a strong, stable, and sovereign state.

During the official launch ceremony on Thursday, Al-Sudani noted that it represents the fundamental document that will guide the management of the state’s supreme national interests and define mechanisms for strengthening Iraq’s regional and international relations.

More news….

OIL AND GAS LAW: THE MEMORANDUM OF UNDERSTANDING BETWEEN BAGHDAD AND ERBIL IS POSTPONED TO A NEW PARLIAMENTARY SESSION.

Despite more than a decade and a half of repeated calls for the enactment of an oil and gas law, this pending issue remains one of the most controversial issues in Iraq, particularly in the relationship between Baghdad and Erbil.

The current government, headed by Mohammed Shia al-Sudani, has repeatedly emphasized the importance of enacting the law as a key to resolving oil disputes and distributing wealth fairly.

(The entire article is in the Articles Section)

STATUS OF THE RV

I first want to hope that everyone in the USA had a nice memorial holiday. There are sacred and loving elements when we pray over those we loved that are now gone from this earth. This holiday is set aside for much more than just BBQs, picnics and the beginning of the summer season drunkenness on the beach. In Germany where I now live, it is called Volkstrauertag and is a commemoration day in Germany two Sundays before the first day of Advent. It commemorates members of the armed forces of all nations and civilians who died in armed conflicts, to include victims of violent oppression. This  national day of mourning is not a public holiday, it is categorized as a silent day (stiller Tag) in most of Germany, especially in the Bavaria region.

Let’s get on with today’s news. ….

The news is just pouring out of Iraq. There is so much news it will be a challenge for me to cover all of it and give it the justice it deserves. You know I do try to make the Newsletter short and concise. I know this  may be hard to believe. But how can anyone really give this revaluation and reset events justice unless you inform the readers the FACTS. In doing this there is news that must be heard for you to understand just where Iraq is at this time.

With respect to the “reset” I will use the analogy of a house burning. Why would you order brand new furniture to put into a burning house. Yes, the furniture is nice, but it won’t last long and so what good is it going to do. Do you see the point I am trying to make as to why Iraq and other countries must first prepare for this event by leveling out the playing field for these currencies. There has been too much manipulation and corruption already and we see what it is doing to the global economy. The leveling of trade deals and tariffs, then solving the immigration issue that we see from the U.S. and other countries is only part of the process and we must pay more attention to it. It holds the key. We also just witnessed summit after summit in Iraq. What does this all say to us? What is the meaning of all this work?  

So, let me begin by saying we are inching closer and closer to the initiation of the Project to Delete the Zeros. Remember that I explained there is a step-by-step process to get to the reinstatement. The parallel market had to be broken first and now we await the Central Bank of Iraq (CBI) to make the second round of revaluing the dinar. Will they have to hold this new rate for 90 days and thus we will probably not see the reinstatement until January 2026 (the best time the CBI told us to do any significant rate change) or will the IMF bypass all these guidelines and move ahead. They have given indications we will not have to wait until 2026.

What will the new rate of the dinar most likey be like when it does come out?

To answer this question just listen to what the CBI has been telling us. They are trying to bring back the Iraqi dinar to a rate of something like in the 1980’s. So what was the rate back then?

😊I strongly believe that the CBI has broken the proverbial back of the camel, yes, the back of the parallel market. I can say this because it is evidenced in an article titled “THE DOLLAR’S DECLINE IS IN THE INTEREST OF CITIZENS AND STRENGTHENS THE PURCHASING POWER OF THE DINAR.”

In the section of the article called “STABILIZATION OF THE SITUATION” Hamid Abu Firas, owner of a money exchange company, explained to Al-Masry that “this fluctuation in the exchange rate cannot be called a fall in the dollar price, but rather an increase in the value of the Iraqi dinar against other currencies. Folks this statement by Firas is a “WOW!” statement. We are hearing this from a money exchanger. These are the people who want the dollar to rise not decline and so this is a very important truth he had to now admit.

😊In the Articles Section I also am showing you once again an article from 2024. It is titled “AL-ALAQ: WE ARE CONSTANTLY REVIEWING THE DELETION OF ZEROS FROM THE DINAR, AND THERE ARE NO RESTRICTIONS ON OUR BALANCES IN AMERICA”. Now why would the CBI tell us this if they were not still planning the project and thus are telling us they could do it anytime such as using the words “constantly reviewing”. Again I keep asking my self just how far must the reforms go in order to move ahead with this project? Remember that back in 2012, when under Dr Shabibi they did not have all these reforms in place, yet he was given the green light to go ahead. Now Iraq is in a much, much better banking and financial position than in 2012. So, using our common sense we can see how close we are to this event.

I encourage everyone to take the time go re-read this article from 2024. To know where we are going we must remember what they say in the past. The full article is in the Articles Section.

In the article it talks about Iraq’s repayment of all its debts to the International Monetary Fund, accumulated over the years. WOW! WOW! WOW! Why do I say this? This repayment will a positive impact in the long term by enhancing credit and improving financial sustainability, in addition to its repercussions on the country’s economic situation. I guess the IMF economic hitman is not having his way with Iraq…lol..lol..

By repayment of these loans it will improve Iraq’s economic confidence and credit rating and obtain financing on better terms in the future. It will also achieve greater independence for Iraqi economic sovereignty, making the country less vulnerable to external pressures and interference in its economic policies.

In an article titled “THREE REASONS BEHIND IT… AL-SUDANI’S ADVISOR TO RUDAW: ABOUT 90% OF IRAQ’S MONETARY MASS IS HOARDED OUTSIDE BANKS.“. You can go read the article for your self but I will add my commentary, which is not that far off from the TRUTH. Iraq even witnessed special banking centers set up specifically to collect these hoards of cash. it was NOT successful. Good try but no cigar…lol..lol..lol..

So why is there still so much of the monetary mass outside the banking system? It is really just a matter of trusting the banks. I think not. What I firmly believe is that the average Iraqi citizen is not stupid. That because they lost so much value in their dinar, when they introduced the large three zero notes in 2003. Many millionaires became poor overnight. They lost a fortune. They are holding back and are now waiting for a new rate to regain or even perhaps increase their wealth they had before the 2003 war and embargo years of (1990-2003). I am convinced that the only way they are going to retrieve all this hoarded money is to bring out the second revalued rate to the CBI and then make the dinar equal to the dollar if not just over it. This will bring in a good percentage of the cash but some will still hold out for the later reinstatement. So, if I believe this, don’t you also think that Ali Al-Alaq also knows this? is there something else he is going to try?

Mazhar Mohammed Saleh, economic advisor to Iraqi Prime Minister Mohammed Shia al-Sudani, believes that approximately 90% of Iraq’s monetary mass is outside the banking sector and hoarded in homes.

RECONSTRUCTION AND DEVELOPMENT:

😊Next we read of yet more economic growth and development progress being made in Iraq in the article titled “IRAQ SIGNS A MEMORANDUM OF UNDERSTANDING TO DEVELOP PART OF THE AL-RUFAYL ECONOMIC CITY IN BAGHDAD. Prime Minister Mohammed Shia al-Sudani sponsored the signing of a memorandum of understanding today, Sunday, regarding the development of a portion of the Al-Rufayl Economic City in Baghdad. Why is this important? It is telling us that Iraq is moving ahead and these cities are becoming a reality and not just talk. These integrated cities will bring the much needed services, schools, hotels, and other service facilities to Iraq. But I bring you this article today, however this is just one of many articles in the recent telling us of such projects throughout Iraq. Iraq is not the Iraq is was 20 years ago and 10 years from now will be even nicer and greater.

There is yet more on this theme of development:

😊In the article titled “THE GOVERNOR OF THE CENTRAL BANK RECEIVES A DELEGATION FROM THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD)” His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the European Bank for Reconstruction and Development (EBRD) in Baghdad. The meeting discussed the measures required to commence their work in Iraq next September, following the completion of Iraq’s accession procedures to the European Union bank. For its part, the European Bank delegation expressed its readiness to provide technical support and financing for the restoration and modernization of infrastructure, the transition to a green economy, and supporting the private sector to play its role in the growth of the Iraqi economy. WOW!

😊You might want to watch the short video in the Articles Section titled “Returning to BAGHDAD after 15 years!! IRAQ is not what you think?” It is an eye opener but remember this video is also a year old.

😊😊You might also want to read a recent article titled “BAGHDAD PULSE BRINGS LIFE BACK TO THE CAPITAL’S STREETS… A NEW PROMISE OF LIFE. ” It is found towards the end of the Articles Section in today’s news.

Baghdad and Kurdistan Partnership:

😊Next in the article titled “MASROUR BARZANI PRAISES AL-SUDANI: WE HOPE YOU CONTINUE AS PRIME MINISTER” This article is very significant because Al Sudani’s first term in office is coming to an end soon. There will be elections and we all know that these elections can drag on and on. During them not much is accomplished. So what happened is very good new since it shows us the cooperation between these two elements of Iraq. There must be a strong cooperation for Iraq to be successful and united. So outgoing Kurdistan Regional Government Prime Minister Masrour Barzani expressed his hope on Thursday that Prime Minister Mohammed Shia al-Sudani would continue in his position. It was expressed that hie views the Kurdistan Region and all other regions of Iraq equally. So, I want to make a point here. Just recently Nori Al-Maliki raised his ugly peanut head and made some really stupid comments in the news, claiming only he can save Iraq and continue the prosperity. Really? I mean this is just as crazy as much of what the democrats are claiming to be so patriotic, democratic and constitutionally minded, yet look at their past performance and how they have dragged the U.S. down. Al-Maliki’s audience is a silent elite that only comes out during election time, Actually, I am amazed that Maliki is not yet in prison and this only shows he has come friends in high level places outside of Iraq backing him. Go figure!

Incidentally, the Kurdistan Region Prime Minister Masrour Barzani also just met with U.S. Deputy Secretary of the Treasury Bradley Smith in Washington on Thursday to discuss ongoing financial reforms and digital modernization efforts by the Kurdistan Regional Government (KRG).

😊Also on this same note of Kurdistan we read in the article titled “US SECRETARY OF STATE: KURDISH AUTONOMY AND PROSPERITY ARE CENTRAL TO OUR POLICY TOWARD IRAQ. WE ARE CONCERNED ABOUT THE INFLUENCE OF IRAN AND “MILITIAS.” In a hearing on this subject matter, theUS Secretary of State Marco Rubio responded to US Representative Joe Wilson’s concerns about Iranian interference in energy agreements concluded by the Kurdistan Regional Government with US companies, while noting that US policy toward Iraq is “Kurdish autonomy and economic prosperity.”

UPDATE: OIL AND GAS LAW:

In the article titled “OIL AND GAS LAW: THE MEMORANDUM OF UNDERSTANDING BETWEEN BAGHDAD AND ERBIL IS POSTPONED TO A NEW PARLIAMENTARY SESSION.” We learn of the status of the Oil and Gas Law. Al-Sudani’s cabinet has passed the updated law to parliament in the hope they will take it up soon. In the news they tell us that despite more than a decade and a half of repeated calls for the enactment of an oil and gas law, this pending issue remains one of the most controversial issues in Iraq, particularly in the relationship between Baghdad and Erbil.

Then in another recent article titled “PARLIAMENT PRESIDENCY CALLS FOR EXTRAORDINARY SESSIONS”. We learn that the House of Representatives’ presidency called on “members of the House of Representatives to prepare to hold extraordinary sessions during the second month of the current legislative recess, with the aim of completing these important legislative tasks and meeting the requirements of the current phase.”. Will they include the Oil and Gas Law and the long awaited updates to the budget tables?

Update: Banking and Financial Reforms:

😊In the next article titled “THE MINISTER OF FINANCE CHAIRS A MEETING TO FOLLOW UP ON THE RESTRUCTURING OF RAFIDAIN AND RASHID BANKS. We learn that the “Finance Minister Taif Sami met Wednesday evening with representatives from Rafidain and Rashid Banks, as well as representatives from Ernst & Young, to follow up on the implementation phases of the government-owned banks’ restructuring project. So, we know this project is not yet completed. Also we learn that Minister Sami emphasized the need to accelerate the pace of work and implement requirements according to the specified timetables, noting that the restructuring of government banks represents a pivotal step toward developing the banking sector and enhancing its efficiency.” My point in bringing this article to you is not so much to tell of the restructuring of these two banks, as we already learned about this project, but to show you that all these key projects have specified “time tables” and completion targets. You may ask why? It is just for organizational purposes or are they driving to a specific future date for an overall event and this project is just one of many to be completed to facilitate this event? Just asking…..

😊In the article titles “THE CENTRAL BANK OF IRAQ LAUNCHES THE FIRST NATIONAL STRATEGY FOR FINANCIAL INCLUSION.” We are told that the Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy for the period 2025-2029. How many times have we read about this inclusion. I guess we all assumed it was already launched and now we learn it was not. Now the CBI is making the effort more formal and outward. We have read many past articles already on this idea of financial inclusion. But what really is it?

I like this article because it actually defines more clearly what “financial inclusion” is.

It is:  “the strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and businesses to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development.” “Also including increasing the percentage of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to enhance financial inclusion.”

The article talks more about the Governor of the CBI, Al-Alaq, and his speech on this subject matter. I recommend you go read the full article if you want more info on his speech.

😊Next, we read in the article titled “FINANCE: ERNST & YOUNG CONTRACTED TO EVALUATE IRAQI INSURANCE COMPANIES.”

We know that Insurance is one of the main driving Pillars of Financial Reform. Remember there were three pillrs and in the White Paper they told us that these reforms were going to get the dinar back to FOREX. So we pay attention. Don’t you think this is a very good approach to learn about the choo-choo ride to the RV?

We don’t hear too much about this pillars. So in the recent news my ears perked up when I read this article. The Minister of Finance announced Sami’s SpectreToday, Monday, contracted Iraq with the company “Ernest”Young” Global to evaluate the performance of government insurance companies and make recommendations to determine their fate. Let’s see what comes out of this audit but I will add it is all good since the professionals are now in Iraq ensuring any necessary reforms are in place. I am sure there may be recommendations and so let’s see what shakes out.  

So, in conclusion this period of news I will add that there is also come very nasty negative articles, which I am not bringing you today. I am neglecting this news because it does not tell the entire story of what is happening only the challenges. There are always challenges. Even after the RV Iraq will not be perfect. We only watch in anticipation that Ali Al-Alaq can pull off his strategy based still on the Dr Shabibi plan to get us the RV and the dinar back on FOREX. This is the only time we will be exchanging at any rates we desire in our quest for this investment to finally pay off after more than 20 years of waiting. So, if you read today’s news categories you can get a pretty good idea of the areas of concern they are still working on.

No, the RV has not yet happened and there are no newer lower denominations out in Iraq. Iraq is still plugging along. How long before they do pull the trigger is a matter of time and that time is coming VERY SOON!

I firmly believe that this “reset” of God’s that is coming is based on the reforms necessary throughout the globe in the developed countries, especially in the US, Canada and the UK. Remember that the prophets have told us that the reforming process will first begin in the US and move out to other countries. We can see this now to be true as other countries now realize reform is possible and necessary. All this corruption and stealing of the wealth of our countries by the politicians in positions of influence and control must end. This is the time of shaking…..

Telling you the TRUTH, you do want to know the TRUTH?

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What can we as investors do right now?

• Pray and pray that nothing will mess this up….
• Be very patient….
• Do not sell your dinar….  
• No more intel guru talk….
• No more NESARA / GESARA crazy talk
• Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
• Don’t over speculate and set unjustified expectations

Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

                                             Just the FACTS!

These prophecies are more important now more than ever. They give us the strength, perseverance and hope that a better time is coming and that God’s Hand is at work behind the scenes. If you just take a second even to look around you at these past three election cycles, how can you deny that God is at work? Are you sleeping or what?

It is amazing and there is no other way that these events could have happened the way they turned out. But there is more to come, much, much more, I assure you! Now that God has his biblical David re-elected, we need to pay attention to what He does next.

God told us it will be an “hypnotic November” and turbulent until June 2025 and so, isn’t it? Was He lying to us? Remember that these globalists satanic cult have had it too good for too long and are not just going to lay down and let themselves be destroyed. They are going to fight until the very end to maintain control over you. If all else fails, they will get more and more desperate to overcome the good trying to rebuild and free our nation.

NOTE: These prophecies just keep getting better and better, giving us HOPE of a bright future. But the real reason why I listen to them is that we can actually see what God says He will do is taking place right in front of our noses. It is a confirmation to me that God is real and is still with us forever just as in biblical times.

From God to the PROPHET:  Julie Green

The prophetic words seem to be getting more powerful which usually means we are coming to a climatic period and intensity as to when events begin to happen.

“ Epstein and Pete Diddy Cases Will Be Fully Exposed and Will Crush the Establishment”

Prophecy can be found at the 20:10 mark. From May 16^th.

How do these people know these things? Is it God speaking to them of the future?

How is all these prophecies related to the IQD revaluation?

First I need to add that God has given multiple prophecies already about the IQD revaluation and His form of the global reset. In each He specifically talks about Iran, Iraq and Southern Asia (Vietnam).

With the prophecies, unlike the RV saga, we hardly ever get a firm timeline, but we must stay faithful and know that God will be faithful to us and provide what he promises to his prophets and promises to us. Like the clean out of SCOTUS now coming about so will the RV.

Remember that, like us listening to these prophecies, the dark side also listens to them and constructs obstacles in an attempt to overcome them and stop them. This is intentional and we will soon learn of the truths behind why the RV was halted in 2012, besides what we already know. There were some very dark elements involved.

We know the RV of the IQD is unstoppable but it can be delayed and was delayed by these dark elements in 2012. I firmly believe this is what happened in 2012 when the CBI has an “unprecedented opportunity”, according to Dr Shabibi in his 2015 interview before his passing, to get the Iraqi dinar back online in the foreign currency exchanges.

I have been trying to explain to everyone many time already that this is when the criteria all changed under the Obama administration, thus we sit for another 13 years waiting for Iraq to meet this new stringent criterion. They did this in a well-orchestrated, corrupt plan to hold it up, but only after these corrupt U.S. politicians exchanged their dinar and no longer cared about Iraq.

Folks it has been 13 years since! Are we now also approaching the other 2 prophecies by Kim Clement telling of the wealth transfer, the reset and the coming PEACE in the middle east. I have presented these prophecies to you also many times in the past. These are all connected together. All the signs show that this may very well be the time now for Iraq.  

But today the prophecy we are looking at is about SCOTUS and the judges stepping down will also have huge implications on many things. Also, the impact on Federal and district court judges. Let’s just sit back and watch it all play out, knowing that God’s Hand is at work.

 Kim Clement piece from 2014 prophecy

2 Supreme Court Justices will step down. This is going to happen shortly.

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PROPHECIES FULFILLED: How do we engage the prophecies? Are they really a voice from God? So, as we listen and time passes, we step back and analyze what happened and compare to the prophetic words spoken.

New

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HOW DO WE KILL THE GIANTS OF DEBT, SOCIALISM AND SECULARISM?

Please, please listen VERY carefully to this prophecy. I cannot emphasize enough to spend the time to watch this one – “The Big E”. I am not saying its going to take 6-7 years to get the RV, but that the RV is part of the process along the way and will happen in the process of the prophecy fulfillment.

Do you remember these prophecies from 2007? This is our time now to fulfill these prophecies. So, let’s take a step back and rewind to review them. Then watch to see if Trump does orchestrate their fulfillment. I also believe this wiping out the debt is related to the new energy sources that are coming. In the meantime, the US will work at bringing down the cost of energy. But I believe this will only be a temporary measure until these new sources come.

Folks, I know you may be having a hard time seeing this, but all of this goes hand-in-hand with what we are looking for… the RV of the Iraqi dinar.

This prophecy is especially important and coincides with the more recent Feb 9^th prophecy from Julie Green. Did you listen to it? WOW!

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Pray, Pray, Pray & Pray some more!

Please try to remember to pray each and every day. In Hebrews 11:6, it underscores this principle of why we pray: “But without faith it is impossible to please Him, for he who comes to God must believe that He is, and that He is a rewarder of those who diligently seek Him.”

You don’t have to be Catholic to pray….lol..lol.. As a Christian, praying the rosaries for me is my way to pray and has had a significant impact on my life and focus during this Easter season and throughout the year. I find it is good to remember the Stations of the Cross during lent and what our savior did for us. In know many of you may not be Catholics or even Christians but try to take a different approach this Easter. Try to see what all the fuss is about Christ. Put yourself in Christ shoes (or should I say sandals) as an ordinary person in today’s world. You can quickly see that the nature of man has not changed very much and if Christ were born today, many would probably try to crucify him. Have we not learned anything?

We all know something has gone terribly wrong with our nation. A supernatural battle is taking place to determine the fate of America. In just twelve minutes a day you help bring forth a divine intervention to save our country using this book. Let us not forget to fast, meditate and pray for the salvation of America. There is an organization that is taking on this endeavor through helpful prayer guidance. This is what I plan to do. How about you?

Anyone can join the hundreds of thousands already involved in this rapidly-growing prayer

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HERE WE GO AGAIN….DOGE DISCOVERS $93 BILLION LAUNDERED IN DEO, TRUMP’S 50% EU TARIFFS

THE BIDEN HEALTH COVERUP

They thought they would be in power forever by winning the 2020 election. They thought this was the election to win all elections. They planned to use two things to gain power and then to secure their power:

1.Fraudulent elections and 2. Immigration. Both are backfiring on them just as God told the prophets that it would. Are you paying attention to all this? It is all being EXPOSED. Now we are beginning to see the JUSTICE part.

POTENTIAL STAFFERS WHO OPERATED JOE BIDEN’S AUTOPEN HAVE BEEN IDENTIFIED, WILL BE SUBPOENAED

‘MAJOR SCANDAL’: CONGRESSMAN SAYS BIDEN AUTOPEN CONTROVERSY BIGGER THAN WATERGATE

PROOF OF MARXIST ENEMY WITHIN.

Yes, it has come to America. Welcome to the middle east in America. The democrats still want open borders. They still don’t get it. If they do get it then it must be intentional. Why would any politician want open borders and to continue to support these terrorists organizations covertly through foreign aid.

‘TREASON’: TRUMP ZEROES IN ON BIDEN’S INNER CIRCLE

JUDGE JEANINE TO PROSECUTE CUOMO FOR DEADLY NURSING HOME COVER-UP!

MORE PROOF CONFIRMS SUSPICIONS THE BIDEN ADMINISTRATION SURVEILLED ITS POLITICAL RIVALS

Former senator Tulsi Gabbard under surveillance by air marshals.  The TSA episode with Tusi Gabbard is going to eventually lead to the Federal Govt turning security of our Airports back to the states. It is already on the radar of DOGE. Remember these words. This is going to save the U.S. billions and not making the airlines any more or any less safer. Get it? Are you brainwashed already just to accept the control?

How many airline hijacks have we had? Wait for the truth to come out about what really happened on 911 and why. Really now remember the TSA employees not only get a paycheck, they also get a govt pension and healthcare,, etc…  It is very costly to run but no one pays attention as we all just went along with it out of FEAR. Remember what I said about doing anything out of FEAR?  

Yes, the Federal govt will give them some $$ to help the process of securing the airlines. But you can already see the abuse of the system. If you can abuse it, the corrupt will find a way! ☹  Tusi Gabbard is not the only political opponent or news media correspondent/critic that had been detained illegally and without due-cause at the airports. There are many, many more stories and someday it might be YOU!

TOM HOMAN CALLS HAKEEM JEFFRIES BLUFF ON CROSSING RED LINE WITH LAMONICA MCIVER

WHAT IS TRUMP’S ‘ONE, BIG BEAUTIFUL BILL’?

It is already passed Congress and the Senate. It is on its way to the executive for signature. to go into law. These are all campaign promises to the American people to which they voted on and elected the president on.

WHAT’S IN TRUMP’S ‘ONE, BIG BEAUTIFUL BILL’?

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LONG-STANDING PLAN: U.S. TROOPS TO BEGIN LEAVING EUROPE AFTER NATO SUMMIT

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WHY HASN’T TRUMP MADE SUCH DEALS WITH THE EU AS HE HAD IN THE MIDDLE EAST?

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ALBERTHA JUST OFFICIALLY ANNOUNCED ITS INTENT FOR SEPARATION FROM CANADA

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IN ROME BILATERAL MEETING: MELONI STEPS IN, ‘SEPARATES’ VANCE & EU CHIEF 

THE DOLLAR’S DECLINE IS IN THE INTEREST OF CITIZENS AND STRENGTHENS THE PURCHASING POWER OF THE DINAR.

The US dollar exchange rate against the Iraqi dinar continues to fluctuate and experience instability in the local market. Money exchange business owners and shop owners see this as a natural development, given the stability the country is experiencing across the board and the fruits of the government’s reform measures to eliminate smuggling and currency speculation in the markets.

STABILIZATION OF THE SITUATION

Hamid Abu Firas, owner of a money exchange company, explained to Al-Masry that “this fluctuation in the exchange rate cannot be called a fall in the dollar price, but rather an increase in the value of the Iraqi dinar against other currencies.

Perhaps this decline in the dollar price is a result of the stability of the political, security and social situations in the country, and without a doubt all of this has a positive impact on the exchange rate.” He indicated that “the prices of treasury are now stable and the fluctuation is slight, and this in itself is considered a commendable advantage for the stability of the exchange rate, and in turn is reflected in the prices of goods and commodities in the markets and trade, so we see it as a positive phenomenon in Iraq.”

I AM AFRAID OF FLUCTUATIONS

“Today we see a decline in the demand for the dollar in the exchange markets and commercial activity, which has created a state of fear among citizens, as the price of the dollar is declining and, on the other hand, gold prices are constantly rising, which has led to a state of confusion among citizens,” said legal affairs specialist Amer Mahdi to Al-Masry. He expressed his hope for a stable exchange rate in which the national currency, the dinar, is at its highest exchange rate compared to other foreign currencies.

A GOOD STEP

In contrast, citizen Mahdi Al-Maliki told Al-Masry that “any stability in the country, whether political, security, social or economic, is important for the country and eliminates speculation and manipulation in all its forms. This rise in the price of the dinar against the dollar is a great service and benefit to the country and the citizen.” He pointed out that “the government’s reform steps in this area have cut off the path of smugglers and corrupt people in smuggling currencies out of the country, and as a result, all these reforms have had their effects reflected on the ordinary citizen with limited income.” He called on those concerned from the Ministry of Finance and the Central Bank of Iraq to continue their steps to achieve more stability in the market movement and exchange rates.

GOVERNMENT PLANS

Government agencies previously indicated that the sustained improvement in the dinar’s exchange rate against the dollar depended on two key factors:

1.the Central Bank’s ability to utilize its foreign reserves as part of its defensive tools, and

2.the Central Bank’s success in narrowing the gap between the official and parallel rates.

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AL-ALAQ: WE ARE CONSTANTLY REVIEWING THE DELETION OF ZEROS FROM THE DINAR, AND THERE ARE NO RESTRICTIONS ON OUR BALANCES IN AMERICA

(A blast from the past: from Sept 23, 2024)

The Central Bank of Iraq has reduced reliance on the US dollar in commercial transactions, according to the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, adding that the project to remove zeros in Iraq is under continuous review and study at the bank.

Countries remove zeros from their currency to revalue their national currency and simplify financial transactions. This is done by removing a specific number of zeros from the nominal value of the currency, making it appear less inflationary and more stable.

Al-Alaq confirmed, in an extensive interview with Al Jazeera Net, which was reviewed by “Al-Eqtisad News”, that the Central Bank responded to global economic challenges, such as rising energy and raw material prices, by amending some monetary policies in line with the international situation and to enhance confidence in the Iraqi dinar and prevent a sharp decline in its value.

He also stressed that the Central Bank of Iraq increased its holdings of foreign exchange and gold reserves to strengthen the country’s financial position and financial stability in order to enhance its ability to confront potential economic crises. These are the details of the dialogue:

What steps have you taken to address the crisis of the dollar’s ​​rise against the Iraqi dinar and reduce the gap between the official price and the black market price?

The Central Bank of Iraq has created new mechanisms to cover the accounts of local banks with their senders in other currencies (Chinese yuan, Indian rupee, euro and UAE dirham) in addition to the dollar, which has reduced reliance on the US currency in commercial transactions for the clients of these banks, as the Central Bank seeks to withdraw excess liquidity in the economy that puts pressure on the exchange rate and to prevent the exported currency from growing in an undesirable manner.

What is the status of the country’s foreign reserves?

Foreign exchange reserves are the tool used by all central banks to maintain the stability of the local currency exchange rate against foreign currencies, as well as to reduce exposure to external crises by maintaining liquidity in foreign currency to absorb shocks in times of crisis.

The Central Bank of Iraq has a level of reserves that enables it to achieve this stability and provides it with sufficient flexibility to meet the demand for foreign currencies to meet the requirements of the balance of payments and other obligations.

According to the latest data on the level of foreign reserves adequacy, the foreign reserves of the Central Bank of Iraq cover 83.62% of the broad money supply, i.e. covering the cost of importing 15 months, while the global standard rate is 20%, covering 6 months of importing.

However, foreign reserves management faces global and local challenges according to the economic nature of each country and the economic and geopolitical conditions it is going through.

What are the most prominent contributions of the Central Bank of Iraq in supporting the Iraqi economy?

The Central Bank responded to global economic challenges, such as rising energy and raw material prices, by adjusting some monetary policies in line with the international situation and to enhance confidence in the Iraqi dinar and prevent a sharp decline in its value. The Central Bank raised interest rates to counter inflationary pressures resulting from changes in global prices and domestic demand, and issued new instructions to Iraqi banks to control cash liquidity.

The Central Bank of Iraq has increased its holdings of foreign exchange reserves and gold to strengthen the country’s financial position and financial stability.

The bank also launched programs and initiatives aimed at increasing financial inclusion, including enhancing the spread of digital banks and online financial services, in addition to the Central Bank of Iraq’s contribution to sustainable development.

It also played an important role in financing economic and development projects by providing soft loans and special financing programs aimed at supporting productive sectors while continuing to finance small and medium enterprises.

Has the banking sector in Iraq been affected by US sanctions imposed on some banks?

The sanctions imposed on banks are related to the decision to ban dealing in dollars, as the banks were not included in the sanctions list issued by the Office of Foreign Assets Control, and therefore the banks’ activities continue, according to the applicable procedures and in all currencies except the dollar.

As for the situation of the Iraqi banking sector, it is experiencing a state of stability, as government banks still control approximately 79% of the total assets of the banking sector, compared to 21% for private banks.

Are there any restrictions on the bank’s use of its funds in the United States?

There are no restrictions on our US accounts, taking into account the application of international standards to combat money laundering and terrorist financing in foreign transfers.

What are the reasons for the low rate of bank card usage in Iraq compared to neighboring countries? What are your steps to overcome this situation?

There are major reasons behind the low use of bank cards in Iraq, most notably the preference of many Iraqis to use cash in their daily transactions due to prevailing customs and traditions, in addition to the limited spread of banking services, as a large percentage of the population, especially in rural areas, remains unconnected to banks.

Finally, lack of financial awareness plays a major role in the reluctance to use bank cards.

To address these challenges, we are working to improve and expand our digital infrastructure. In this context, the Central Bank of Iraq has initiated the establishment of a national electronic payment company to encourage the banking and non-banking sectors and public institutions to develop this infrastructure.

The Central Bank, in cooperation with public and private institutions, is organizing awareness campaigns aimed at increasing public knowledge of the benefits of using bank cards and electronic payment methods to enhance confidence in the banking system.

The number of bank cards in 2023 will rise to 19.75 million cards and the number of bank accounts will rise to 13.3 million accounts.

The bank focuses on improving security and increasing transparency, and has created a platform to manage public complaints related to the financial sector, which helps in developing strategies to address any issues facing financial institutions. It works to encourage financial innovation by supporting the development of services such as electronic wallets, banking applications, and opening digital banks. It is also currently working to launch a national financial inclusion strategy that includes solutions to most of these challenges, in addition to financial awareness programs targeting various segments of Iraqi society.

All of this resulted in both the number of bank cards in 2023 rising to 19.75 million cards and the number of bank accounts rising to 13.3 million accounts. Where has the digital banking project come from?

The Central Bank of Iraq issued licensing controls for digital banks in Iraq during May of this year, and is in the process of studying the submitted applications in light of the requirements for digital banks, taking into account the risks and limitations related to digital banks, especially with regard to cybersecurity risks.

The main objective of licensing digital banks is to keep pace with developments in the banking environment, as well as to provide diversity in the provision of banking services in light of technological progress that contributes to enhancing financial inclusion by facilitating customers’ access to banking services.

In light of the International Monetary Fund’s statement that Iraq’s internal imbalances have worsened due to the large financial expansion and the decline in oil… How do you view its demands to correct the financial situation?

Naturally, the country’s dependence on rentier resources leads to bearing the costs of external shocks that are beyond its control, such as negative oil price shocks, and because the country needs more spending than any stable country due to the conditions it has gone through during decades of wars and destruction, which requires increasing spending on infrastructure, which is the basic pillar of the shift towards economic diversification.

All of this has led to pressure on the capabilities of public finance, especially the revenue side, and thus resorting to borrowing. Therefore, we agree with the International Monetary Fund regarding reforming the public finance situation, and the positive effects this has on supporting the independence of monetary policy in achieving its primary goal, which is the stability of the general price level through controlling liquidity levels.

We agree with the International Monetary Fund regarding the reform of public finances, and the positive effects this has on supporting the independence of monetary policy.

Will removing zeros from the dinar destabilize the financial situation in Iraq?

The process of removing zeros from a currency means replacing the old currency with a new one in order to simplify the accounting process between consumers. It is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very low value.

Many believe that the process of deleting zeros is an economic and monetary reform process and is resorted to in cases of high inflation and currency collapse, which reduces the feeling of economic collapse (a monetary illusion process). However, if this process is not supported by real economic factors and accompanied by radical reforms, it becomes negative.

The project to remove zeros in Iraq is under continuous review and study at the Central Bank of Iraq, taking into consideration the existence of a volume of issued currency that exceeded 100 trillion dinars after it was 6 trillion in 2004, the year following the exchange of the currency that was undesirable and of poor quality.

In addition to a wide cash supply approaching 179 trillion dinars, which requires specialized cadres, especially in the bookkeeping process, which government banks are still suffering from due to the circumstances the country has gone through.

How will Iraq’s repayment of all its debts to the International Monetary Fund affect the country’s economic situation as a whole?

Iraq’s repayment of all its debts to the International Monetary Fund, accumulated over the years as a result of the Fund’s loan programs to address the economic challenges that Iraq faced in previous years, could have a positive impact in the long term by enhancing credit and improving financial sustainability, in addition to its repercussions on the country’s economic situation through:

Improve Iraq’s economic confidence and credit rating and obtain financing on better terms in the future. Enhancing the confidence of foreign and local investors in the Iraqi government’s ability to meet its financial obligations. Achieving greater independence for Iraqi economic sovereignty, making the country less vulnerable to external pressures and interference in its economic policies.

Alleviating financial pressures and reducing financial burdens, which reduces pressure on the general budget.

Directing financial resources towards infrastructure and economic development projects and improving the ability to finance development projects.

Reducing pressure on foreign reserves, which has a positive impact on the stability of the currency and the country’s ability to cover its imports and maintain financial and economic stability.

Where have the Central Bank of Iraq’s procedures for localizing salaries of employees in the Kurdistan Region of Iraq reached?

We would like to point out that this bank has taken the necessary measures to complete the process of localizing salaries of employees of the Kurdistan Region of Iraq in terms of providing the Federal Court with a list of banks licensed by this bank and operating in the region, and providing the infrastructure and electronic payment systems that support the processes of localizing salaries in the region, which clarifies the controls for opening a bank account and adopting an electronic signature for the same purpose.

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THE CENTRAL BANK OF IRAQ LAUNCHES THE FIRST NATIONAL STRATEGY FOR FINANCIAL INCLUSION.

The Central Bank of Iraq (CBI) launched its first National Financial Inclusion Strategy for the period 2025-2029.

The strategy includes an integrated framework for financial inclusion aimed at enabling all individuals and businesses to access the financial sector and use appropriate and safe financial services while protecting their rights, thus contributing to economic and social development.

In his speech, His Excellency the Governor of the CBI, Mr. Ali Mohsen Al-Alaq, emphasized that the CBI attaches great importance to promoting financial inclusion in Iraq, as well as cooperation at the regional, Arab, and international levels. The CBI has worked with international partners to develop a financial inclusion strategy in accordance with international best practices, in partnership with the World Bank Group, the Arab Monetary Fund, the Global Financial Inclusion Alliance, and the German Development Cooperation Agency (GIZ), in addition to local partners from public and private bodies and agencies.

The CBI is working to achieve a number of goals, including increasing the percentage of bank accounts, enhancing consumer protection for those dealing with the financial sector, using the latest electronic payment methods, and developing infrastructure and regulations to enhance financial inclusion.

Central Bank of Iraq
Media Office
May 25, 2025

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JOINT STATEMENT OF THE CENTRAL BANK OF IRAQ AND THE CENTRAL BANK OF TUNISIA

Within the framework of strengthening bilateral relations and consolidating cooperation between the Republic of Iraq and the Republic of Tunisia, His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, met in the Iraqi capital, Baghdad, with His Excellency the Governor of the Central Bank of Tunisia, Mr. Fathi Zuhair Al-Nouri. The meeting took place on the sidelines of the conference:

“The Iraqi National Strategy for Financial Inclusion 2025-2029: Vision and Diagnosis,” organized by the Central Bank of Iraq.

During the meeting, a memorandum of cooperation and coordination was signed between the Central Bank of Iraq and the Central Bank of Tunisia, expressing the two sides’ commitment to developing joint frameworks and consolidating the principles of banking integration, in light of the development of economic relations between the two brotherly countries.

The memorandum stipulates enhancing cooperation in several areas, most notably:
    • Banking supervision and risk management in line with international standards.
    • Promoting and expanding the use of electronic payment systems to support financial inclusion.
    • Overseeing payment systems and exchanging expertise on developing their technical infrastructure.
   • Exchanging information and expertise in the fields of financial innovation, cybersecurity, and combating money laundering and terrorist financing.

This visit provided an opportunity for both sides to discuss financial issues of mutual interest and explore opportunities for joint cooperation in developing the banking sector’s infrastructure, particularly with regard to modernizing and developing electronic payment systems and financial services. This reflects both sides’ commitment to strengthening channels of dialogue and technical and regulatory cooperation with their counterparts regionally, Arab countries, and internationally.

Through this partnership, both sides affirmed their constant endeavor to keep pace with developments in international banking and build strategic cooperative relations that contribute to achieving financial stability and supporting economic growth between the two brotherly countries.

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CONTINUATION OF THE NATIONAL EMERGENCY WITH RESPECT TO THE STABILIZATION OF IRAQ

On May 22, 2003, by Executive Order 13303, the President declared a national emergency pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) to deal with the unusual and extraordinary threat to the national security and foreign policy of the United States posed by obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq.

The obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States. For this reason, the national emergency declared in Executive Order 13303, as modified in scope and relied upon for additional steps taken in Executive Order 13290 of March 20, 2003, Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, Executive Order 13438 of July 17, 2007, and Executive Order 13668 of May 27, 2014, must continue in effect beyond May 22, 2025.

Therefore, in accordance with section 202(d) of the National Emergencies Act (50 U.S.C. 1622(d)), I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303.

This notice shall be published in the Federal Register and transmitted to the Congress.

  THE WHITE HOUSE, May 9, 2025. Filed 5-13-25; 2:00 pm]

[FR Doc. 2025-08786

Billing code 3395-F4-P

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THREE REASONS BEHIND IT… AL-SUDANI’S ADVISOR TO RUDAW: ABOUT 90% OF IRAQ’S MONETARY MASS IS HOARDED OUTSIDE BANKS.

Mazhar Mohammed Saleh, economic advisor to Iraqi Prime Minister Mohammed Shia al-Sudani, believes that approximately 90% of Iraq’s monetary mass is outside the banking sector and hoarded in homes.

Mazhar Mohammed Saleh told Rudaw Media Network on Wednesday (May 21, 2025) that “in the calculations of the monetary equation in Iraq, the currency issued outside the central bank and circulated outside banks is called external leakage,” indicating that “this is a historical issue and not a recent one, and this leakage rate sometimes reaches about 90%.”

He pointed out that “when it improves, it is 87% and rises to 90%. For example, if we have approximately 100 trillion dinars today, the current leakage is around 91-92 trillion dinars, and these indicators fluctuate from one month to the next.”

high cash leakages 

He also noted that “Iraq is one of the countries with the highest levels of cash leakage from the banking system due to currency issuance,” noting that “there are reasons behind this.”

Mazhar Mohammed Saleh explained that “among these reasons, the first is the lack of trust in the banking system. The second is religious and social factors, particularly the fear of usury and interest, given that our society is religious and sensitive to this issue. The third factor is the culture of dealing with banks, benefiting from banking services, and the role of banks in financial inclusion issues, all of which are missing.”

The Iraqi Prime Minister’s economic advisor noted that “the economy’s liquidity is high, but bank liquidity is weak, and the government is also struggling with liquidity issues at a time when public liquidity is concentrated in huge surpluses.”

Withdrawal of hoarding from homes

As for how to withdraw this liquidity from hoarding in homes, he explained that “it is done for many reasons and by many means, including, for example, encouraging the Deposit Insurance Company, which is a start-up company and I consider it a good one, but it needs greater support and wider advertising, and it needs to clarify to the public that there is a company called the Deposit Insurance Company, and that there is no fear for your deposits from any problems in the event of bank failures, which means that they are completely secure.”

Among other measures that could be taken in this regard, Mazhar Mohammed Saleh pointed to “the need to deal with government bonds with high and clear guarantees, which are considered guaranteed sovereign bonds with high interest rates, in addition to the use of digital payments that force people to maintain bank accounts using electronic cards, which is part of digital financial inclusion.”

He emphasized that “the leap towards digital financial inclusion must rid us of some of this bad social habit, the problem of which is that it disrupts the income cycle. This means that the income cycle is not completed, with savings being converted into investments, stimulating the economy, achieving the economy’s goals, and aligning economic balances with them.”

He also pointed out that “there is a state of uncertainty about this issue, represented by people depositing their money in banks and then immediately withdrawing it, and the banks are hedging their money without lending it, meaning there is a gap, so the banks should provide more facilities.”

The economic advisor to the Iraqi Prime Minister also said, “The more money is inside the banking system, the better off it is than if it is outside the banking system.”

“Lending outside the banking system is expensive.”

Regarding lending outside the banking system, Mazhar Mohammed Saleh said it is “very expensive, reaching approximately 70% per year, which means it is exorbitant usury. Therefore, citizens seek loans from banks regardless of the interest rate, given that a bank loan is cheaper than a loan outside of banks.”

Regarding currency issuance in Iraq, Mazhar Mohammed Saleh stated, “Today, it’s estimated at around 100 trillion dinars, and this isn’t fixed and fluctuates.” He added, “Cash flow is around 90 trillion dinars.”

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THE IRAQI ECONOMY IS FACING A STORM, AND THE IMF IS RINGING THE FINAL BELL.

Economic experts have called on the Iraqi government to take a very serious approach to the International Monetary Fund’s (IMF) report, after the latest Article IV consultations highlighted the fragility of Iraq’s economic structure and warned of a rapidly escalating financial crisis that could plunge the country into an irreversible crisis.

The report, issued on May 20, 2025, confirmed that the Iraqi economy is on an extremely dangerous path, due to the inflation of operating expenses, which exceed 60% of the total general budget, and the absence of any effective structural reform in revenue policy. Meanwhile, the government continues to rely on oil revenues for approximately 92% of its revenues, despite the continued decline in oil prices and the volatility of the global market.

The IMF recommended controlling the bloated wage bill, which alone consumes more than half of annual revenues. The IMF believes that the policy of haphazard hiring and the approach of appeasing political blocs with job grades are pushing Iraq’s finances to the brink of collapse, according to economic analyst Ziyad al-Hashemi.

Al-Hashemi said that the IMF’s report forecasts a drop in the average price of Iraqi oil to $65 per barrel by 2025, which will widen the deficit gap, which could exceed 7.5 trillion dinars if spending policies continue without review. Meanwhile, the actual deficit in the 2024 budget exceeds 4.2% of GDP, according to official data included in the report.

The government has so far ignored a direct response to the IMF’s recommendations, while some voices close to it have been content to downplay the report’s impact, describing its contents as a “conservative and unrealistic interpretation.” This recalls similar reactions to similar reports issued in 2016 and 2019, which were met with similar denials from previous governments.

These warnings preceded a wave of financial collapses in Iraq in the middle of the last decade, when the country experienced a stifling liquidity crisis that prompted the Ministry of Finance to delay the disbursement of employee salaries in 2015. This coincided with the price of oil falling below $40 per barrel, a scenario that could recur if current policies remain unchanged.

This situation coincided with internal warnings issued by Iraqi economic experts, including former government financial advisor Mazhar Mohammed Salih, who repeatedly pointed to the “lack of political will to change the rules of the financial game.” He argued that the structural deficit cannot be resolved with painkillers, but rather through tax reform and increased national non-oil production.

This wave of warnings coincides with worrying social indicators, most notably the rise in the unemployment rate to 17%, according to the Central Bureau of Statistics, and the expansion of poverty to more than 25% in some southern governorates. This reflects the direct relationship between economic deterioration and administrative inefficiency, which Baghdad continues to be unable to seriously address.

This complex landscape has resulted in a sharp decline in foreign investor confidence. Data from the Ministry of Planning revealed a 38% decline in the number of investment projects registered in the first quarter of 2025 compared to the same period last year, a rate that portends a gradual withdrawal of capital from the Iraqi market.

Al-Hashemi said that the current government’s leadership has also entered an election campaign and is not expected to take action to address the major economic imbalances. However, it may issue urgent statements downplaying the IMF statement and reassuring the public that financial matters are comfortable and under control, with nothing to worry about. This means that these problems will be deferred, as they are, to the next government rather than being resolved.

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THE FLUCTUATIONS IN THE DOLLAR EXCHANGE RATE IN IRAQ HAVE A DIRECT IMPACT ON CITIZENS’ LIVES.

The Iraqi market has been experiencing instability in the dollar-dinar exchange rate for months, casting a heavy shadow over citizens’ daily lives and exacerbating the country’s economic crises.

Despite the efforts of the Central Bank of Iraq and relevant authorities to control the market and the exchange rate through regulatory measures and the injection of hard currency, price fluctuations have become an almost daily reality. Iraqi citizens find themselves in a cycle of continuous increases in the prices of food and basic commodities, which are directly linked to the dollar exchange rate.

Ahmed al-Zubaidi, a grocery store owner in Baghdad, says, “Wholesale prices fluctuate with the value of the dollar, forcing us to constantly raise prices. Customers don’t always understand, but they also feel frustrated because their salary isn’t enough to meet their daily needs.”

The repercussions of the fluctuations are not limited to consumer goods, but extend to medicines, building materials, and even transportation services, which have been affected by the rise in the price of fuel, which is partially imported in dollars, exacerbating the suffering of low-income citizens.

In a country where the majority of employees rely on government salaries paid in Iraqi dinars, the fluctuating dollar exchange rate poses a real dilemma. Stable salaries are coupled with persistently rising prices, eroding citizens’ purchasing power and forcing many to cut back on spending or resort to loans to cover their basic needs.

Economists believe that the absence of a clear and stable monetary policy, coupled with weak market oversight, could exacerbate the crisis. Dr. Fadhel Alwan, a professor of economics at the University of Baghdad, notes that “the Iraqi market is fragile and is quickly affected by any fluctuations, whether internal or external. Unless there are genuine reforms to the financial system and enhanced transparency in banking transactions, the problem will continue to recur.”

In an attempt to mitigate the effects of the volatility, the Iraqi government recently took a series of measures, including increasing the flow of dollars into the market, restricting informal transactions, and supporting some affected groups through social welfare programs. However, observers say these solutions will remain temporary unless the root causes of economic instability are addressed.

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INVESTMENT AUTHORITY: LARGE COMPANIES ARE KEEN TO ENTER IRAQ.

The National Investment Commission confirmed on Tuesday that there is significant interest from major companies in entering Iraq. Chairman of the National Investment Commission, Haider Makiya, said in a statement reported by the official news agency and seen by Al-Eqtisad News, that “Iraq has witnessed a significant influx of foreign investments over the past two years, exceeding $64 billion.”

He explained that “this figure reflects the success of the investment planning that was completed in 2023, and we began to reap its fruits in 2024 and 2025,” noting that “most of these investments belong to major companies that operate directly within Iraq.”

He added that “the Prime Minister clearly indicated in the House of Representatives the size of these investments, which exceeds $60 to $63 billion.”

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MP: THE BAGHDAD SUMMIT REFLECTED A POSITIVE IMAGE OF IRAQ AND WILL OPEN THE DOORS TO INVESTMENT.

Amer Al-Fayez, a member of the Parliamentary Foreign Relations Committee, praised the Iraqi government’s success in organizing the recent Arab Summit in Baghdad. He said the summit reflected a positive image of Iraq and will have tangible repercussions in the near future, particularly in attracting foreign investment.

Al-Fayez said in a press statement that “despite the limited attendance of heads of state at the Arab Summit, the meetings and outcomes of the summit were positive,” noting that “the event reflected the current political and security stability in Iraq.” He added, “Iraq today plays a pivotal role in the region and has hosted major world leaders on numerous occasions, which confirms the effectiveness of its foreign policy.” He denied that the absence of a number of leaders was evidence of weak diplomatic relations.

Al-Fayez stressed that “the heads of Arab states informed the Iraqi government of their inability to attend for personal reasons, but that does not mean they are unwilling to visit Baghdad or support its regional position.”

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FINANCE: ERNST & YOUNG CONTRACTED TO EVALUATE IRAQI INSURANCE COMPANIES.

The Minister of Finance announced Sami’s SpectreToday, Monday, contracted Iraq with the company “Ernest”Young” Global to evaluate the performance of government insurance companies and make recommendations to determine their fate.

Sami told the official agency, which followed it:Alsumaria NewsHer ministry, “based on the directives of cabinet I contracted with the international company Ernst & Young to evaluate the work of government insurance companies.

 
She added , “The company’s role will focus on submitting technical recommendations to the ministry regarding merging, restructuring, or improving the current performance of these companies, in line with international best practices and standards. “Ministry of Finance in 2023, it announced its selection of the international audit firm “Ernest”Young” and its headquartersA merica…to “review its financial statements, as a first step in efforts to correct and reform financial policy, consistent with the principles of the Iraqi government’s reform program,” according to an official statement issued at the time.

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THE MINISTER OF FINANCE CHAIRS A MEETING TO FOLLOW UP ON THE RESTRUCTURING OF RAFIDAIN AND RASHID BANKS.

Finance Minister Taif Sami met Wednesday evening with representatives from Rafidain and Rashid Banks, as well as representatives from Ernst & Young, to follow up on the implementation phases of the government-owned banks’ restructuring project.

Finance Minister Taif Sami chaired a joint meeting on Wednesday with the management of Rafidain and Rashid Banks and representatives from Ernst & Young, a consulting firm, to follow up on the implementation phases of the government-owned banks’ restructuring project.

The meeting discussed progress made in reviewing and updating the two banks’ internal regulations to align them with governance requirements, as well as assessing the status of the two banks’ foreign branches and ways to develop and link them to the central management.

The meeting addressed updating data on credit, deposits, and clean assets, as well as implementing a comprehensive banking system across an increasing number of branches. It also reviewed the banks’ capital increase plans, studied the status of investments, and evaluated their financial feasibility.

The meeting also addressed the legal aspects of the restructuring process and the proposed amendments to the internal regulations to ensure their consistency with applicable banking laws and regulations.

Minister Sami emphasized the need to accelerate the pace of work and implement requirements according to the specified timetables, noting that the restructuring of government banks represents a pivotal step toward developing the banking sector and enhancing its efficiency. She called for continued coordination between the two banks and the consulting body to ensure the completion of the institutional and administrative transformation requirements.

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US SECRETARY OF STATE: KURDISH AUTONOMY AND PROSPERITY ARE CENTRAL TO OUR POLICY TOWARD IRAQ. WE ARE CONCERNED ABOUT THE INFLUENCE OF IRAN AND “MILITIAS.”

US Secretary of State Marco Rubio responded to US Representative Joe Wilson’s concerns about Iranian interference in energy agreements concluded by the Kurdistan Regional Government with US companies, while noting that US policy toward Iraq is “Kurdish autonomy and economic prosperity.”

Wilson expressed his “concern” in response to the Kurdistan Regional Government’s signing of two agreements with American companies, saying, “Baghdad is exercising its control, and in this context, Iran is interfering and trying to prevent these agreements, which aim to strengthen Kurdistan’s freedom and enable the regional government to support its people.”

In a hearing held today in the US Senate, the US Secretary of State commented on these “concerns,” emphasizing “the United States’ support for the region’s autonomy and the need to respect economic agreements.”

The US Secretary of State explained, “The core of his country’s approach to Iraq is ensuring the autonomy enjoyed by the Kurds in that part of the country, and a key part of that is allowing them to secure an economic lifeline that will enable them to prosper.”

Rubio added that “Iraqi officials in Baghdad have expressed interest in establishing a closer and better relationship with the United States,” stressing that “the US administration has made clear to these officials the importance of respecting American companies operating in Iraq, as well as respecting Kurdish independence.”

Regarding Iranian influence, the US Secretary of State expressed his country’s “concern,” saying, “Unfortunately, Iranian influence continues to grow in some sectors of the elected Iraqi government. This poses a serious threat from the United States’ perspective, including through pro-Iranian Shiite militias that have carried out attacks against US interests in the past and have indicated their intention to do so again in the future. This is unacceptable and must be addressed.”

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THE GOVERNOR OF THE CENTRAL BANK RECEIVES A DELEGATION FROM THE EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT (EBRD)

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the European Bank for Reconstruction and Development (EBRD) in Baghdad.

The meeting discussed the measures required to commence their work in Iraq next September, following the completion of Iraq’s accession procedures to the European Union bank.

During the meeting, His Excellency the Governor reviewed the progress of the ongoing financial and banking reform plans and the role of the Central Bank in achieving monetary stability, maintaining the stability of the general price level, and controlling inflation. He also reviewed the procedures for transitioning to digital banking and employing modern financial technologies to provide financial and banking services.

The meeting discussed the role of the Central Bank of Iraq in supporting economic growth through its financing initiatives for economic sectors.

For its part, the European Bank delegation expressed its readiness to provide technical support and financing for the restoration and modernization of infrastructure, the transition to a green economy, and supporting the private sector to play its role in the growth of the Iraqi economy.

Central Bank of Iraq
Media Office
May 22, 2025

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OIL AND GAS LAW: THE MEMORANDUM OF UNDERSTANDING BETWEEN BAGHDAD AND ERBIL IS POSTPONED TO A NEW PARLIAMENTARY SESSION.

Despite more than a decade and a half of repeated calls for the enactment of an oil and gas law, this pending issue remains one of the most controversial issues in Iraq, particularly in the relationship between Baghdad and Erbil.

The current government, headed by Mohammed Shia al-Sudani, has repeatedly emphasized the importance of enacting the law as a key to resolving oil disputes and distributing wealth fairly. However, political pressures and deep divergences in viewpoints among various forces have prevented this goal from being achieved.

Recently, Kurdistan Regional Prime Minister Masrour Barzani signed two contracts worth $110 billion over the course of their implementation with American companies HKN Energy and Western Gas. The agreements relate to the development of the Miran and Topkhana-Kurdimir gas fields in Sulaymaniyah, sparking anger within the federal government.

The Federal Ministry of Oil declared two agreements between two American energy companies and the Kurdistan Regional Government invalid due to their failure to obtain federal approval. The Ministry emphasized that any investment agreements must be concluded through the federal government.

In a 2022 ruling, the Iraqi Federal Court deemed an oil and gas law regulating the oil sector in Iraqi Kurdistan unconstitutional and ordered the region’s authorities to hand over their crude oil supplies.

Controversy is constantly raging between the federal government and the Kurdistan Region over oil and gas issues, underscoring the need to move forward with resolving the relationship by approving oil and gas. However, several factors consistently push the issue toward deferral.

During the last government meeting, Prime Minister Mohammed Shia al-Sudani stressed “Iraq’s need to enact an oil and gas law to benefit from this natural resource.”     

In addition, the Parliamentary Oil and Gas Committee revealed the latest developments in the agreement on the draft oil and gas law.

Committee member Bassem Naghmish said that the government had previously formed a committee headed by the Deputy Prime Minister for Energy Affairs, the Deputy Prime Minister for Economic Affairs, and the Iraqi State Organization for Mobilization and Statistics (SOMO) to negotiate with the regional government regarding amending the disputed articles and preparing a final draft of the oil and gas law.

Speaking to Al-Eqtisad News, he added that the Parliamentary Oil Committee hosted a number of officials from the Ministry of Oil during the previous legislative session, and discussed the formulations and provisions that required amendments to the Oil and Gas Law.

Naghmish stressed that agreeing on the draft oil and gas law, approving it by the Council of Ministers, and then sending it to Parliament will contribute to resolving many of the outstanding issues between the federal and regional governments.

The President of the Republic recently confirmed that relations between the federal government and the Kurdistan Region are good, and that there are ongoing negotiations and meetings between the two parties to resolve outstanding issues.

During a televised interview followed by Al-Eqtisad News, he stressed that the absence of an oil and gas law is causing numerous problems between the federal government, the Kurdistan Region, and the provinces, and that its adoption will resolve these issues.

For his part, MP Briar Rashid ruled out proceeding with the discussion and approval of the oil and gas law within the House of Representatives during the current session.

Rashid said, “The oil and gas law is one of the important laws that has been postponed for several parliamentary sessions without a final decision due to the lack of political consensus.” He explained that, “If passed, this law will contribute to addressing many outstanding issues.”

He added that “currently available indicators confirm there is no intention to discuss the law further, which effectively defers it to the next parliamentary session.” He emphasized “the need to resolve complex and postponed laws, given their role in addressing numerous problems and supporting the development of state institutions through a clear legal framework.”

Rashid pointed out that “controversial laws require political consensus, and if a positive climate exists, these laws will be implemented. They will constitute a turning point in ensuring fairness to all parties and clearly defining duties and rights.”

Meanwhile, Kurdistan Democratic Party (KDP) leader Wafa Mohammed stressed that the oil and gas law was one of the most prominent conditions the party set for joining the State Administration Coalition and participating in forming the current government. However, political pressure from some parties complicated the situation and delayed the passage of the law.

In an exclusive interview with Al-Eqtisad News, Mohammed said that the oil and gas law is one of our most important demands, but that there are political parties exerting strong pressure and complicating matters, especially recently.

He explained that the Kurdistan Democratic Party does not hold the current government headed by Mohammed Shia al-Sudani responsible for the delay, but rather places the blame on the political parties exerting such pressure.

Mohammed indicated that postponing the law until the next parliamentary session is likely given the current political situation, emphasizing that the law will be one of the party’s key conditions for entering into any political alliances or forming the next Iraqi government.

The Kurdish leader added that the party is preparing to contest the upcoming elections with new alliances, which may be built on the prior agreement to pass this vital law, which is pivotal in regulating the relationship between the federal government and the Kurdistan Regional Government regarding the management of natural resources and the distribution of oil revenues.

The current Iraqi government was formed in late 2022 under a political agreement signed with forces in the Kurdistan Region. The agreement included a clause pledging to submit a consensus oil and gas law to parliament within six months “at most.”

The current government made clear efforts in this regard, including preparing an initial draft and submitting it to parliament. These efforts almost completely halted after the Kurdistan Region’s oil exports were halted in March 2023.

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PM BARZANI, US TREASURY OFFICIAL DISCUSS FINANCIAL REFORMS IN WASHINGTON

The meeting centered on recent initiatives to strengthen the region’s financial and banking systems, including the progress of the MyAccount project, a flagship program aimed at promoting financial transparency and efficiency through digital public services.

Kurdistan Region Prime Minister Masrour Barzani met with U.S. Deputy Secretary of the Treasury Bradley Smith in Washington on Thursday to discuss ongoing financial reforms and digital modernization efforts by the Kurdistan Regional Government (KRG).

According to a statement from the KRG, the meeting centered on recent initiatives to strengthen the region’s financial and banking systems, including the progress of the MyAccount project, a flagship program aimed at promoting financial transparency and efficiency through digital public services.  

Deputy Secretary Smith praised the KRG’s reform efforts and expressed the U.S. Treasury Department’s full support for both the MyAccount initiative and broader financial reforms.

Prime Minister Barzani thanked the U.S. for its continued support, reiterating his government’s commitment to modernizing financial infrastructure and expanding digital services to enhance governance and public accountability. The visit is part of a broader effort by the KRG to strengthen international partnerships and attract investment by advancing transparency and economic reform.

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MASROUR BARZANI PRAISES AL-SUDANI: WE HOPE YOU CONTINUE AS PRIME MINISTER

Outgoing Kurdistan Regional Government Prime Minister Masrour Barzani expressed his hope on Thursday that Prime Minister Mohammed Shia al-Sudani would continue in his position.

During a panel discussion he participated in as part of an energy conference in Washington, which was monitored by the Mail, Barzani stated, “The Kurdistan Region has great respect for Mr. Mohammed Shia al-Sudani, the Prime Minister of Iraq, and we hope that he will continue to serve as Prime Minister of all of Iraq and that he views the Kurdistan Region and all other regions of Iraq equally.”

Barzani added that “the agreements with American companies will benefit citizens,” explaining that “the contracts are legal because the two companies operate in the Kurdistan Region. Their contracts have been brought to court, and the court in Baghdad has ruled three times in favor of the contracts signed by the Kurdistan Regional Government with foreign companies, so their work in Kurdistan is completely legal .”

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ECONOMY – IRAN WILL RECEIVE 23% OF ITS NON-OIL REVENUES FROM IRAQ.

Iranian Ambassador to Baghdad, Mohammad Kazem Al-Sadig, revealed his country’s goal of exporting thousands of goods to Iraq, noting that a quarter of Tehran’s non-oil revenues will come from Iraq.

Al-Kadhim said at the conclusion of the Regional Economic Diplomacy Conference in Shiraz that his country exports more than 3,000 types of goods to Iraq, with revenues reaching thirteen billion dollars. He pointed out that the ceiling set by Iran for its revenues from the Iraqi side is twenty billion dollars, which constitutes twenty-three percent of the country’s non-oil revenues. He called for facilitations for registering Iranian companies and the residence, entry and exit of investors, in addition to tax exemptions for ten years, and special facilities for joint production.

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IRAQ SIGNS A MEMORANDUM OF UNDERSTANDING TO DEVELOP PART OF THE AL-RUFAYL ECONOMIC CITY IN BAGHDAD.

Prime Minister Mohammed Shia al-Sudani sponsored the signing of a memorandum of understanding today, Sunday, regarding the development of a portion of the Al-Rufayl Economic City in Baghdad.

A statement from his media office received by Al-Eqtisad News stated that “Al-Sudani sponsored the signing ceremony of a memorandum of understanding between the National Investment Authority and Talaat Moustafa Holding Company for Real Estate Development, regarding an Iraqi-Egyptian-Saudi investment project to develop part of the economic city of Al-Rifai, west of the capital, Baghdad, and to invest in promising opportunities in its various sectors, in the presence of the Chairman of the National Investment Authority and the Chairman of the Saudi Al-Muhaidib Group, Mr. Suleiman bin Abdul Qader.”

According to the statement, the ceremony included a “review of the integrated city designs implemented by the group, and a detailed explanation of the economic city, its spaces and planning, services, schools, hotels, and other service facilities.”

The Prime Minister welcomed the group and all fruitful partnerships, stressing the state’s support for investment projects and providing all necessary facilities to expand the investment environment in Iraq. He also pointed to the acceleration of development plans and the vital development projects they include.

For his part, Hisham Talaat Moustafa expressed the group’s readiness to cooperate and begin implementation procedures for the projects contracted for.

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BAGHDAD PULSE BRINGS LIFE BACK TO THE CAPITAL’S STREETS… A NEW PROMISE OF LIFE. 

Ona quiet night in Baghdad, the sidewalks were asleep under dim lights, and the ancient Rashid Street silently told the tales of a thousand years of history… Suddenly, it was as if a “pulse” had been poured into the city’s arteries!

Baghdad’s Pulse… a name unlike any other, a new promise of life, an initiative emanating from the heart of Iraq’s private banks, revitalizing the heart of the capital and its oldest streets. From Mutanabbi Street, where ink meets paper, to the Government Palace, where decisions were housed in historic palaces, it now reaches Rashid Street, a street that has witnessed the transformations of time from the Ottoman era to the present day.

Young people are returning, shops are open until the early hours of the morning, and light streams from the modern columns to embrace the spirits of visitors. It’s not just a reconstruction, but a restoration of identity and a revival of the spirit of tourism and culture at a time when we are in dire need of light.

All this is thanks to a joint collaboration between the Iraqi Private Banks Association, the Baghdad Municipality, and the Ministry of Culture, under the supervision of the Prime Minister’s Office. The goal? To keep Baghdad alive in our memories, vibrant in our hearts, and poised to proudly become the Arab Tourism Capital in 2025!

In this regard, Ali Tariq, Executive Director of the Iraqi Private Banks Association, explained that the Baghdad Pulse initiative represents support from the Iraqi banking sector for the city of Baghdad.

Tariq said that the Nabd initiative, which is funded by the Tamkeen Fund and supervised by the Association of Private Banks and the Baghdad Municipality, aims to highlight the heritage of the capital, Baghdad. He noted that the first phase, once completed, has kept Mutanabbi Street open until morning and has contributed to the creation of numerous jobs for people. He noted that the importance of this area lies in making Baghdad a destination for heritage tourism.

Last February, the Prime Minister’s Office announced the launch of the third phase of the “Baghdad Pulse” initiative to rehabilitate Rashid Street, as part of ongoing efforts to revive Baghdad’s architectural heritage and promote economic development.

The Prime Minister’s Media Office stated in a statement received by Al-Eqtisad News that this initiative comes in cooperation with the Iraqi Private Banks Association, the Baghdad Municipality, and the Ministry of Culture. 

He added that the third phase aims to revive Rashid Street’s unique architectural character, improve its infrastructure, and revitalize its role as a vibrant economic and cultural center, contributing to the revitalization of heritage tourism in light of Baghdad’s selection as the Arab Tourism Capital for 2025.

The statement indicated that this initiative contributes to attracting investment and providing an urban environment that reflects Baghdad’s historical identity. It also falls within the government’s vision to strengthen partnerships between the public and private sectors, with Iraqi private banks playing a pivotal role in supporting the project by financing rehabilitation and reconstruction operations.

The statement emphasized that the continued implementation of “Baghdad Pulse” reflects the government’s commitment to developing the city’s infrastructure in accordance with the latest international standards, ensuring Baghdad’s role as a thriving economic and cultural center is enhanced and its status as one of the region’s most important historical capitals is restored.

Rashid Street is a well-established Baghdad landmark, established in 1916 during the Ottoman rule by order of Khalil Pasha. Its purpose was to facilitate the movement of the army. Initially known by the name of its founder, its name changed several times during the British occupation before finally settling on Rashid Street, in honor of the Abbasid Caliph Harun al-Rashid, upon the recommendation of historian Mustafa Jawad.

Minister of Culture, Tourism and Antiquities, Ahmed Fakak Al-Badrani, spoke about the three phases of the rehabilitation of Rashid Street.

Al-Badrani noted that every city in the world has what is called its commercial heart, or “downtown,” a term used to describe the authentic or old city center. In Baghdad, Rashid Street represents this vibrant heart, combining the city’s authenticity with its commercial center.

He added: “The rehabilitation phases have begun on Mutanabbi Street, one of Baghdad’s most famous streets and a major cultural center, renowned for being an ideal place for book lovers and reading.”

The second phase included the rehabilitation of Government Palace Street, a group of heritage palaces that once ruled Baghdad, including the Ottoman governor’s palace, the king’s palace, and other interconnected palaces.

The third phase of the “Baghdad Pulse” initiative aims to rehabilitate Rashid Street, revive its unique architectural character, improve its infrastructure, and revitalize its role as a vibrant economic and cultural center.

He emphasized that these efforts aim to stimulate heritage tourism, especially after Baghdad was named the Arab Tourism Capital for 2025, attract investments, and provide an urban environment that reflects Baghdad’s historical identity.

Al-Badrani explained that Iraqi private banks played a pivotal role in supporting this project, actively contributing to financing the rehabilitation and reconstruction operations. He noted that the participating entities include the Prime Minister’s Office, the Iraqi Private Banks Association, the Baghdad Municipality, and the Ministry of Culture. These entities represent a partnership between the public and private sectors, with Iraqi private banks contributing to the financing, while government agencies undertake implementation and supervision.

In addition, economic expert Mustafa Hantoush stated that social standards have become one of the most important elements of governance in the modern banking system.

Speaking to Al-Eqtisad News, Hantoush emphasized that social standards are no longer merely a secondary element, but have become a core component of the Basel III Committee’s standards, which govern banking performance globally.

He explained that one of the most prominent manifestations of these standards is banks’ engagement with the local community, through implementing social and service activities targeting specific groups, such as people with special needs, or by highlighting banks’ capabilities in providing services that go beyond traditional financial frameworks, thus enhancing public confidence and improving the quality of the relationship between the bank and the community.

Hantoush pointed out that Iraq has a successful experience in this field, citing the “Baghdad Pulse” initiative, which contributed to the development of Mutanabbi Street, transforming it into an economic and cultural icon for the country.

He added that the street, which previously employed around 1,000 people, now accommodates a larger number thanks to the shift system and the expansion of activities, which has had a positive impact on employment and the revitalization of the local market.

Concluding his remarks, Hantoush called on profitable sectors such as housing and oil to adopt the same societal approach by investing in development and service programs that benefit various segments of society. He emphasized that this approach enhances the institution’s image, raises confidence in it, and is one of the most successful long-term strategic marketing tools.

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Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,

                                             Just the FACTS!

Disclaimer: All information in this newsletter is not intended for investment decisions / purposes. Mnt Goat is not a financial analyst, planner, banker, attorney or associated in any role with giving out professional investment advice.

Auf Wiedersehen

Much love to ya all,

Mnt Goat