Central Bank of Iraq Purchasing Treasury Bonds

Did you hear what the Central Bank of Iraq (CBI) announced today? They will be supporting the down economy by injecting money into it. The CBI has announced that they will give 5 trillion dinars to specialized banks. The specialized Iraq banks will provide loans to commercial projects to ramp up the economy. The loans will also be for other sectors like agriculture, real estate loans and providing … [Read more...]

Central Bank of Iraq seeks to change the rules for private banks to interact with the government

There is an article published in local Baghdad media that the headline of the article headline read: The Central Bank to take “Measures to boost liquidity” and to facilitate the sale of foreign currency. The Central Bank of Iraq (CBI) has no intention to shutting down the currency auctions. The sales are used to increase the CBI reserves by selling U.S. currency in exchange for Iraqi dinar. The … [Read more...]

Iran Kicks the U.S. Dollar to the Curb

Iran bans the use of the U.S. dollar in all trade in exports and imports.  The governor of the Central Bank of Iran (CBI) has made a decision to replace the U.S. currency with other foreign currencies. The Central Bank of Iran, deputy Gholamali Kamyab said to Tasnim State News Agency while being interviewed. “In trade exchanges with foreign countries, Iran uses other currencies, including Chinese … [Read more...]

Peshmerga Fighters Receiving Weapons Training From Coalition Forces in Northern Iraq

The Peshmerga that have been fighting in northern Iraq has been receiving newly upgraded weapons. The German government deployed their army to help train the Peshmerga fighters in northern Iraq. The pictures are from the social media site Twitter showing the anti-armor weapon Panzerfaust 3 a modern recoilless weapon. The Panzerfaust was designed to go up against Russian armor. The weapons are … [Read more...]

Iraq Gov Looking for IMF Loan to soften Deficit

The Iraqi government has a problem it has a 25 trillion dollar deficit for 2015 federal budget. The government is now going to be buying weapons with oil in a barter system. The Iraq government is short on cash.  There will be a loan coming from the International Monetary Fund (IMF) to help Iraq in the 25 trillion dollar deficit. Source: http://bit.ly/1sWPrzt … [Read more...]

Kurdish Forces Killed in Ambush by ISIL in Northern Iraq

The Islamic State of Iraq and the Levant (ISIL) militia fighters have ambushed the Peshmerga soldiers near the city Nineveh in northern Iraq. The Peshmerga soldiers were targeted near the town of Gwer about 60 km from Erbil.  Just when you think the ISIL are pulling back and not gaining any more ground they pull off an ambush and kill 23 Kurdish soldiers and injure 20. Via Al Jazeera   … [Read more...]

Iraq Budget 2015 Heading Back to CoM for More Cuts Taxes Start for Iraqi People

Iraqi government 2015 Budget

    Iraqi dinar currency and the Federal Budget of 2015 There is much anticipation for the upcoming Iraq government budget meetings. There are several different committees reviewing the budget to see if it will work for the year 2015. There is a budget deficit of 23 Trillion dinars and to cover the shortfall the Iraqi government is adding a tax to the Iraqi people. In my last post, I … [Read more...]

Iraq Intel Report 01-02-2015

  The most important thing above anything else is the removal of the Islamic State militia fighters from the country of Iraq. It is more important than any law needing to be passed. The Central Bank of Iraq as I have proven to you all has postponed the delete the zero's project until all provinces are back under Iraqi government control. Last year, the Iraqi government authorized the three … [Read more...]

Iraqi Dinar Currency Revaluation Structure

Iraqi Dinar Revaluation currency

  I've written several articles on the Central Bank of Iraq (CBI) delete the zero's project in the last couple of weeks and kept you all updated with the most accurate information.  In a previous article, I said that the delete the zero's project would not start until the first quarter of 2016.  Sources within the Basra Economic Committee stated that the CBI and the Iraqi government will not … [Read more...]