Clare: Al-Shibli: The Central Bank Governor has failed to control the currency market.
11/6/2025 – Baghdad
Member of the Finance Committee, Nazim al-Shibli, asserted that the performance of the Central Bank Governor raises many questions, indicating his failure to manage the country’s monetary policy. This, he stated, has allowed currency smuggling rings to operate freely.
Al-Shibli said, “The current monetary policy has not achieved the required stability; rather, it has contributed to deepening the economic crisis plaguing Iraq.”
He added, “The absence of strict oversight of Iraq’s financial affairs has opened the door for currency smuggling rings to operate abroad, which has negatively impacted the local market and the value of the dinar.”
He explained that “the continuation of this situation threatens the country’s economic security and exacerbates the suffering of citizens, necessitating urgent and decisive measures to stop the drain on hard currency and regulate the markets.”LINK
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Clare: The Center for Banking Studies is organizing a workshop on digital transformation in banking.
November 06, 2025
The Banking Studies Center organized a training workshop entitled “Digital Transformation in Electronic Banking and Financial Services”, with the participation of a number of employees of banks and financial institutions.
The workshop aims to raise the efficiency of participants in the areas of digital transformation, and to introduce the latest applications and technologies adopted in electronic financial services, in order to contribute to the development of banking performance and the expansion of the use of modern digital solutions.
It is worth noting that organizing this workshop comes within the framework of the annual training program aimed at supporting digital transformation in the Iraqi banking sector, in line with the strategic directions towards enhancing financial inclusion and improving the quality of services provided to citizens.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The budget of ’26 was voted on in ’25. We will see the new exchange rate in the ’26 budget and in the ’25 budget. You haven’t seen the ’25 budget because they don’t want you to see it. It’s that simple. Why? Because it has a new rate.
Frank26 All Middle East currencies in the basket with Iraq are counting on the Iraqi dinar to elevate them to the next level. As the dinar grows to the real effective exchange rate it will affect them as well. It is a win-win situation. It is no longer parasitical. Both currencies, the dinar and Kuwait [dinar] have a common goal and that is to profit together.
Fnu Lnu I have been told that we will see a rate ranging from a possible $3.80 +- . On the upscale, they could sustain a $4.80 with ease but should test the waters first. At any rate, they would likely come out as the premier currency of the world and higher than Kuwait. Iraq will be in need of monstrous amounts of infrastructure supplies which they will import…These supplies are very expensive so they will want the Dinar as strong as reasonably possible. They have paid off almost all of their foreign debt so the need for a cheap Dinar is gone and they are not an export country except for oil and OPEC requires that oil be sold and bought in USD.
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