TIDBIT FROM FNU LNU, 26 MARCH

 Fnu Lnu 

 Article: "Iraq's Council of Ministers has endorsed the Joint Management Committee's decision on Artawi [Ratawi] oil field, awarding the contract for crude gas pipelines to China Petroleum Pipeline Engineering (CPP), with part of the work assigned to the State Company for Oil Projects (SCOP)." 

  Article 2:   "Iraq's Council of Ministers has approved the awarding of the Third Offshore Pipeline Completion Project tender to an Italian-Turkish consortium."  

 Iraq is wasting no time getting the country hitting on all cylinders. There are so many projects opening it is hard to imagine them using a three zero note. The RI must be right around the corner.

AJ : The first step toward a unified rate!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Finance Ministry bonds drive Iraq's budget deficit, 26 MARCH

 Finance Ministry bonds drive Iraq's budget deficit

Shafaq News/ Iraq’s budget deficit is driven by the Finance Ministry’s issuance of large-scale bonds, financial expert said on Tuesday.

Former Central Bank official Mahmoud Dagher told Shafaq News that the ministry seeks to issue bonds to secure liquidity for covering government expenditures.

 “Given the difficulty of marketing bonds to the public, interest rates have been raised, and banks are being used as intermediaries this time, as they have liquidity and prefer risk-free, high-yield government securities,” he explained.

He predicted that this strategy would attract banks, as the offered interest rates align closely with returns from other financial activities.

According to a letter from the Central Bank to financial institutions, Iraq’s Finance Ministry is seeking to issue national bonds worth 3 trillion dinars (approximately $2.3 billion), designated exclusively for local banks.

The bonds will be issued in two tranches: the first, valued at 500,000 dinars per bond, will have a two-year maturity with an annual interest rate of 8%; the second, valued at 1 million dinars per bond, will have a four-year maturity with a 10% annual interest rate.

The sale is scheduled to take place from March 20 to March 29.

AJ: Iraq's economic development has attracted major American investments, 26 MARCH

 AJ

Iraq PM Advisor for Foreign Affairs Farhad Alaa Al-Din, affirmed on Tuesday that Iraq's economic development has attracted major American investments. 

He also indicated that a high-level American delegation is expected to visit Iraq to study investment opportunities. He also indicated that there is an Iraqi-American partnership in combating terrorism and regional coordination. "The relationship between Iraq and the United States is a strategic one based on shared interests and mutual respect, and is based on the Strategic Framework Agreement signed between the two countries." He explained that "the two sides are currently working on developing a roadmap aimed at expanding and deepening this relationship, including enhancing cooperation in several areas such as investment, infrastructure development in the energy, technology, and agriculture sectors, as well as continuing the partnership in combating terrorism and coordination on regional and international issues of common interest." He pointed out that "Iraq is currently witnessing remarkable economic development, which provides promising opportunities in various vital sectors. The United States is also showing increasing interest in these opportunities, as there is ongoing communication with a number of major American companies that have expressed a desire to enter the Iraqi market, especially in light of the government directives of the Prime Minister and the efforts made to facilitate the business environment and provide guarantees and incentives to foreign investors." Alaa Al-Din added that "Iraq will soon receive a high-level delegation including representatives of major American companies to discuss investment opportunities and learn about the new and stable reality in Iraq, in addition to holding meetings with government officials and local companies." Regarding the Prime Minister's official visits to friendly and partner countries, Alaa El-Din emphasized that "each visit is organized according to an agenda and program that serves the common interests of the two countries." He also announced "an upcoming visit to a regional country, followed by ongoing preparations for the Arab Summit, which will be held at a sensitive time in light of the security and political challenges and turmoil currently facing the region."

4:38 AM · Mar 25, 2025

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BEARDED PATRIOTUSA☀️RV TIME HAS TO BE NOW ☀️ @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

IRAQ NEWS: Iraq’s Minister of Finance, Taif Sami, has approved the disbursement of nearly one trillion dinars for the salaries of Kurdistan Region’s, 26 MARCH

 IRAQ NEWS

#BREAKING: Iraq’s Minister of Finance, Taif Sami, has approved the disbursement of nearly one trillion dinars for the salaries of 

Kurdistan Region’s civil servants for March, a source from the Kurdistan Regional Government’s Ministry of Finance .

DINAR EXCHANGE : The IMF acknowledged the progress made, 26 MARCH

 DINAR EXCHANGE 

In February 2025, Iraq’s delegation concluded meetings with the International Monetary Fund (IMF) in Amman, where participants, including Minister of Finance Taif Sami and the Governor of the CBI, discussed Iraq’s economic performance and sustainable growth. 

The IMF acknowledged the progress made. Additionally, the CBI has been promoting digital payments to enhance financial inclusion, with initiatives increasing the use of ATMs and e-wallets, raising financial inclusion from 20% to 40% in just two years.

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