News, Rumors and Opinions Thursday 9-18-2025
KTFA:
Clare: The Iraqi judiciary has recovered two billion dinars from two violating companies for financial fraud involving the exchange rate.
9/18/2025
The Iraqi judiciary announced on Thursday that it had recovered two billion dinars for financial fraud involving exchange rates.
The Judicial Media Department said in a statement that the Second Karkh Investigation Court recovered two billion Iraqi dinars on September 17, 2025, for a financial fraud crime.
He pointed out that the amount was recovered from two companies that violated the law by fraudulently obtaining the dollar exchange rate difference through money transfers outside the country.
The statement indicated that the "Second Karkh Investigation Court," through extensive efforts and under the supervision of the court's first judge, recovered this amount. These efforts are ongoing to take legal action against the remaining companies that employ illegal methods to obtain large profits, thereby harming public funds. LINK
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Clare: Iraq signs an agreement and seven trade memoranda of understanding with Lebanon.
9/18/2025
The Iraqi Ministry of Trade and the Lebanese Ministry of Economy and Trade signed an agreement and seven memoranda of understanding today, Thursday, to enhance trade and investment between the two countries.
This came during the second session of the Iraqi-Lebanese Joint Committee held in the capital, Baghdad, headed by Minister of Trade Athir Dawood Al-Ghariri on the Iraqi side, and Minister of Economy and Trade Amer Al-Bassat on the Lebanese side, in the presence of heads and representatives of the Iraqi private sector and their counterparts from the Lebanese side.
The committee's work witnessed the signing of an agreement and seven memoranda of understanding between the two sides, covering areas such as developing trade exchanges and export promotion, cooperation in organizing international and specialized exhibitions, land transport of passengers and goods, investment, and mutual recognition of maritime qualification certificates for seafarers working at sea. This will contribute to supporting economic integration, facilitating the flow of trade, and exchanging technical and scientific expertise.
In this regard, the Iraqi Minister of Trade, in a speech delivered on the sidelines of the session, affirmed Iraq's keenness to enhance cooperation with Lebanon and expand the horizons of partnership in various economic, trade, and investment sectors, noting that this session represents an important shift in the path of bilateral relations.
He explained that the signing of the minutes and memoranda during the conference reflects the seriousness of both sides in moving directly to the implementation phase, stressing the Iraqi government's full support for all initiatives that would strengthen the partnership with Lebanon and develop relations in a manner that serves common interests.
Al-Ghariri added that "seven memoranda of understanding were signed, in addition to a cooperation agreement between the Iraqi and Lebanese Ministries of Justice, to enhance legal and institutional cooperation between our two countries." He added, "The government will be a true supporter of the private sector, and we are working to launch an investment forum soon that will open broader horizons for trade and investment cooperation."
He pointed out that "these agreements represent a new beginning for the resumption of private sector activity and business owners, in line with the deep economic and trade relations between Iraq and Lebanon."
He continued, "The memoranda of understanding cover various sectors, such as trade, investment, transportation, and exhibitions, and represent an important step to expand trade exchange and enhance joint economic activity." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat I want to first cover something today that is VERY important to everyone and the timing of the RV we all have been looking for.... this reinstatement and revaluation of the Iraqi dinar was part of a much larger plan. The pieces to the plan are all but in place now. This is not decades from now. It is happening now. It is part of a financial “reset” of the US financial system and it will also eventually move downstream to other countries by the nature of it. But remember its “America First”. The US Treasury is not going to let this opportunity pass by with Iraq...no one knows the entirety of the plan, as they are not sharing it... [Post 1 of 2....stay tuned]
Mnt Goat This much we do know and we know something is moving fast to shift the Iraqi dinar into the global arena for a purpose and to reinstate its currency back to the currency trading. The dinar will be repegged to a basket along with other currencies, each supporting the other. We can already see the new Trump foreign policy with Iraq and to bring huge investment opportunities to Iraq. Remember, however, there must be money enough for both nations or the US will not get involved ...Just know there is a plan and it is in motion... [Post 2 of 2]
Mnt Goat Just remember that the dinar now already trades on the ISX which is the Iraqi Securities Exchange. A link was placed even on FOREX back to the ISX years ago. This made it easier for future investors in the dinar to follow IQD trends. However, it is not on the global exchanges and certainly not at the rate we are waiting to see. The official CBI rate of 1320 is simply not going to help in the Trump reset of the national US debt, get it?
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This Crisis won’t be like 2008, it will be a US Sovereign Debt Crisis
Kitco News: 9-16-2025
The financial world is abuzz with talk of a looming crisis, and prominent economist and investor Peter Schiff is at the forefront of these warnings.
In a recent, exclusive interview with Kitco News Anchor Jeremy Szafron, Schiff laid out a grim picture of a “great repricing” underway, driven by a U.S. sovereign debt crisis and what he calls the Federal Reserve’s “biggest error yet.”
If Schiff’s predictions hold true, the implications for the U.S. dollar, the price of gold, and your personal savings could be profound and far-reaching. This isn’t a rerun of 2008; Schiff argues we’re heading into uncharted and considerably more perilous territory.