News, Rumors and Opinions Sunday 8-17-2025
KTFA:
Frank26: "BY THE 31ST OF AUGUST".......F26
Washington is pressuring and monitoring... 20 days remain before the liquidation of Iraq's banks, and the options are "bitter."
8/10/2025
Iraqi banks have only 20 days left to implement the banking reform paper prepared by the American firm Oliver Wyman.
The paper obligates all private banks to increase their capital to 400 billion dinars and pay an annual fee of $2.4 million for four years, or opt for a merger and define ownership and management structures with several controls, including reducing the percentage of “relatives” in the new structures to just 10% and paying $1.3 million annually.
These controls may not be implemented by bank owners during the short remaining period, which ends on August 31, according to economic expert Mustafa Hantoush. Hantoush believes that the banking reform paper will be subject to “flexibility” in terms of time, so that it can be implemented within months or a year, according to the Central Bank’s estimate. Hantoush, however, rules out the possibility of liquidating banks subject to US restrictions and sanctions, with the exception of some banks that have already declared bankruptcy.
Mustafa Hantoush, in an interview with journalist Qais Al-Murshid, followed by the 964 network:
The banking system was easy and not built on risk tolerance, as it did not delve deeply into banking operations. Instead, it relied on massive trade requiring dollar transfers, which generated large and rapid profits for many banks.
Oliver Wyman, an American consulting firm, was contracted by the Central Bank to conduct a study on the reality of the Iraqi banking sector, along with consultations and reform plans.
The firm completed its study and submitted proposals last April, which were translated into actual decisions two weeks ago.
Banks will be required to sign a pledge or contract requiring one of two options by the end of this month at the latest.
The first is to increase the banks' capital to 400 billion dinars, with an annual payment of $2.4 million for a period of four years. The second option is to merge with other banks, setting the ownership structure at 10% for relatives and the remaining percentage for other partners, with an annual payment of $1.3 million for a period of four years.
The hope is to implement one of the two previous options, with certain required criteria, and exit the US sanctions list. Otherwise, the third option is liquidation.
I believe the reform plan proposed by Oliver Wyman and adopted by the Central Bank will see some flexibility in implementation.
The timeframe for capital increases or the merger option may be extended, and these banks may be given a grace period until the end of the year or for a year. I don't believe banks will be forced to resort to the liquidation option, except for some banks that are already bankrupt. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The currency of Iraq is different. It is not fiat. This currency is backed by gold, assets and by the planet earth. Basically, everything that the planet needs is in Iraq and they are becoming digital.
Mnt Goat ...my CBI contact said... they need to do the project (the Project To Delete the Zeros) very soon to get all this hoarded cash into the banking system...Think about this – Who the hell is going to turn in their three zeros notes if the dinar is not worth more than the dollar? They know what is coming and they are waiting for it just like us...over the years, the CBI has tried every trick in the book to get these dinar hoards in the banks, unsuccessfully. This new rate will be the second of the two rate changes we were promised by the CBI years ago…finally! The CBI told us it must be just over a dollar. [Post 1 of 2....stay tuned]
Mnt Goat Remember folks this will be in Iraq in country ONLY! We can not yet go the banks when this happens. It will not yet be international...the CBI can not let the dinar sit there for too long without migrating to the out of country global currency exchanges. To wait would also be disastrous too. This is why when this does happen we must watch the dinar VERY closely since it could then pop out on FOREX at about anytime afterwards. Then we go to the bank...as investors if you want a timing...watch the process. [Post 2 of 2]
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9000 Ton Silver Delivery Trap Meets 76,617 Record Short—Wall Street Paper Game Dies | Andy Schectman
Two Dollars Investing: 8-16-2025
Wall Street’s silver suppression game is running out of road. A record-breaking 9,000 tons of physical silver is now standing for delivery — directly against 76,617 short contracts that can’t possibly be covered without triggering chaos.
This is the largest showdown between the paper market and real metal in modern history, and if the shorts can’t deliver, the entire bullion banking system could unravel overnight.