Al-Sudani: We are a cornerstone in the stability of energy markets.. This is how we are viewed, 30 JAN

 Al-Sudani: We are a cornerstone in the stability of energy markets.. This is how we are viewed

Prime Minister Mohammed Shia al-Sudani said on Tuesday that Iraq has become a cornerstone in the stability of global energy markets, and is on the path to becoming a regional center for energy industries, indicating that countries have begun to view it in this way, and its position has begun to acquire a brighter image, during his speech at the Iraq Energy Conference.

Al-Sudani's office said in a statement:

Prime Minister Mohammed Shia Al-Sudani inaugurated today, Tuesday, the Iraq Energy 2025 Conference, which was held by the Iraq Development Platform in the capital, Baghdad, under the slogan (Together for a Promising Energy Future).

His Excellency stressed, in his speech, that the conference is an opportunity to learn about the state’s policies and programs in the energy sector, which occupies a pivotal position in all the government’s development plans and its commitment to modernizing and developing it, in parallel with the goal of diversifying the economy, in a way that positively reflects on other sectors.

The Prime Minister explained that a tangible digital achievement has been made since the government assumed its responsibility, through a set of commitments, most notably stopping gas flaring by 70%, benefiting from oil wealth, investing in natural gas, and expanding the production of petroleum derivatives, stressing the approach to full self-sufficiency in fuels and moving towards exporting gas oil, within a vision that aims to convert 40% of oil production into transformation industries by 2030.

Mr. Al-Sudani added that the government has proposed integrated energy projects to expand the benefit from oil production in one location, the most important of which is the Artawi field in Basra Governorate, and the accompanying project to desalinate seawater, generate solar energy, in addition to investing in gas, indicating that maximizing the non-oil economy is accompanied by maximizing returns from oil wealth, through expanding refining operations and petrochemical industries.

The following are the highlights of the Prime Minister’s speech during the conference:

The government has moved towards diversifying sources of income horizontally to solve the problems of unemployment and the single economy, towards creating real job opportunities.

Partnership with the private sector was the first window for development, and one opportunity to work with it leads to the creation of many other opportunities.

The government has relied on strategic projects that support all sectors of development and the economy, the most important of which is the “Development Road.”

We have included in the design of the development road lines lines for transporting oil and gas, in addition to communications to achieve the connection between Asia and Europe, and to provide investment opportunities.

We have developed a plan to invest in human capital and develop capabilities and skills to keep pace with technology and techniques, especially with the expansion of artificial intelligence applications.

The electricity sector has become an important developmental and economic nerve, and it can be transformed into a basic gateway to development in Iraq.

Developing the energy transmission and distribution network, and adopting modern and smart technologies, will reduce waste, lower harmful emissions, and enhance sustainable development.

The Ministry of Electricity announced the new economic model for thermal power plants that aims to produce an additional 15,000 megawatts.

The large and important package of energy production projects for gas stations will be announced according to the new model.

Partnership with the private sector is important to save time and effort in confronting climate change and addressing water scarcity in Iraq.

We sought to introduce renewable, clean and alternative energy elements, and we started actual implementation in the field of solar energy.

We have renewable and clean energy projects that will have a production capacity of 4,875 megawatts upon completion.

Purchase of home solar energy systems as part of the Central Bank’s support for the (1 trillion dinars) initiative of loans.

We are proceeding with the electrical connection with the Gulf countries and Turkey, reaching the European Union electricity grid, to achieve diversity and integration in the energy field.

Iraq's global standing is gaining a brighter image in economic growth, reforms and increased levels of cooperation in all energy forums.

Iraq has become a cornerstone of global oil market stability and is on its way to becoming a regional energy hub.

Iraq contributes to the stability of the global oil market by relying on a strong and solid economy.  link

TIDBIT FROM MARKZ, 30 JAN

 MarkZ   

[via PDK]  

“The region demands more dollars-and the center and the south rise up and refuse to pass the budget” 

  We had seen articles like this in Kuwait just before they released their RV. The same back and forth in articles….and Kuwait said they were not going to increase the rate for 6 months the same exact day they released it…. 

China and Germany did the same thing...

 I was told that there is so much pressure and Iraq has agreed to settle in the next 3 days…

also they have a team already in Baghdad from the Kurdish region with great hope to settle this debate on the budget tables...

WALKINGSTICK: I'll take a new exchange rate for the IQD that I have in my reserves and deaL!!#iqd

 

Central Bank Governor announces imminent launch of major initiative to finance industrial projects, 30 JAN

  Central Bank Governor announces imminent launch of major initiative to finance industrial projects

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, the imminent launch of an initiative to finance industrial projects, while pointing out that financial stability is no less important than political and security stability.

The Governor of the Central Bank, Ali Al-Alaq, said in a dialogue session during the Iraq Energy Conference, which was followed by "Al-Eqtisad News", that "the initiatives undertaken by the Central Bank represent tools to move the wheel of development and enhance economic stimulus, and they are unconventional policies aimed at supporting the overall economy.

" He added that "the Central Bank is one of the global banking institutions that adopt unconventional monetary policies," noting that "the size of the accumulations in the aspects of backwardness in the infrastructure is a major challenge."
He explained that "the Central Bank is concerned with achieving economic stability, especially since energy factors are directly linked to the economic situation by supporting factories, companies, and others."

He pointed out that "the Central Bank intervenes in supporting and financing various projects, including renewable energy projects, whether through direct or indirect support."
He pointed to "the importance of monetary and financial stability," indicating that "it is no less important than political and security stability."

He continued that "the Central Bank has launched multiple initiatives to finance real estate and small and medium-sized projects, as projects worth 13 trillion dinars have been financed since 2016 until now, which has contributed to the sustainability of the economy, in addition to allocating 1 trillion dinars to encourage citizens and companies to purchase solar energy units."

He added that "there are ongoing arrangements to finance industrial projects in coordination with the Trade Bank of Iraq and the Industrial Bank," indicating that "the liquidity available at the Trade Bank of Iraq will be used to support these projects, in addition to the funds of the Industrial Bank, with the aim of launching a major initiative to finance industrial projects, which is expected to see the light soon."

He stressed that "the Council of Ministers has agreed to enhance cooperation between government banks with a financial surplus to finance industrial projects through the Industrial Bank, as it is the competent authority in this field," stressing "the imminent launch of this major initiative  link

TIDBIT FROM MNT GOAT, 30 JAN

 Mnt Goat  

Article:  “IRAQ BOOSTS FINANCIAL STABILITY WITH HUGE DOLLAR AND GOLD RESERVES IN US, EUROPE”.  

 ...Boy, oh boy they are teasing us dinar investors once again. They are flaunting their wealth once again but the IQD is still at 1/6 of a penny and NOT traded on FOREX? 

 Meanwhile Iraq has 43% more oil reserves than Kuwait...and just founded two more major wells besides....

Kuwait is at 1 KWD = 3.25 USD on FOREX...

If we pay attention we can see the writing is on the wall and their economists see it now too.

MNT GOAT: Making the value of one dinar equal to one dollar ...!! @DINARREVALUATION #iraqidinar.

 

The Finance Committee: Our priorities are to chart a new course for managing the financial situation, 30 JAN

  The Finance Committee: Our priorities are to chart a new course for managing the financial situation

The head of the Finance Committee, Atwan Al-Atwani, confirmed today, Wednesday, that the committee has placed at the top of its priorities the development of a new path for managing the financial situation.

A statement by the Finance Committee received by the Iraqi News Agency (INA) stated that "the head of the Finance Committee, Atwan Al-Atwani, met with the delegation currently visiting the United Kingdom, Lord Baroness de Sousa and the Director of the Oversight Unit in the British House of Commons, Alex Knight, each separately, in the presence of specialists from the International Partners Foundation."

He explained that "the discussions were held on the prospects of joint bilateral cooperation between the Finance Committee in the Iraqi Council of Representatives and the specialized committees in the British House of Commons in terms of legislative and oversight work and the exchange of expertise in all fields, in a manner that serves the interests of the two friendly peoples."

The statement continued, "After reviewing the structure of the British House of Commons and the House of Lords and the role of each of them, Al-Atwani stressed the need for the Iraqi Council of Representatives to establish permanent specialized formations of experts and specialists whose mission is to chart the course of legislative work and complete the requirements for enacting laws and consolidating legislation in a manner that achieves the country's supreme interests and is consistent with development plans and service programs."

He pointed out that "strengthening the work of the legislative authority with these specialized formations would mature the laws and assess the government's actual need for the legislation to be enacted, away from personal interpretations."

During his discussions, Al-Atwani reviewed "a number of files and topics of common interest," noting that "his committee has prioritized charting a new path for managing the financial situation in the country through a gradual transition to relying on non-oil revenues, especially since Iraq has financial revenue outlets that can be pillars of building the budget, including customs, taxes, investment of state assets, communications, and other government services."  link

EXCERPTS FROM MARKZ, 29 JAN

 EXCERPTS FROM MARKZ

Member: Bank truth: Went to my local PNC Bank yesterday. Asked the teller for the new USTN, she said it's in the vault but can't use it quite yet but very soon. !!!!

Member: Woo-hoo! yesterday I received a notice from BOA that my debt was "discharged"...i have to report it to irs, but, that's ok.

Member: Is it true all banks got emails stating that to get ready for the foreign currency exchange??

Member: Frank26 had a great bank story yesterday. Banks received a notice about currency revaluation.

Member: This weekend sounds very hopeful for a "go", Mark!!

FRANK26….1-28-25….BANK STORIES

Our relationship with America will become stronger with an initiative that Al-Sudani will announce soon.. Expectations of his advisor, 29 JAN

  Our relationship with America will become stronger with an initiative that Al-Sudani will announce soon.. Expectations of his advisor

"The business landscape in the country has changed"

Farhad Alaa Al-Din, the Prime Minister’s advisor for foreign affairs, confirmed in an article published in the English-language Emirati newspaper “The National” that Iraq offers great opportunities for American companies in the energy sector, confirming that there are discussions with several companies, including Exxon Mobil and Chevron.

 He also said that the projects allocated to American companies in the coming years are estimated at tens of billions of dollars, while he expected Prime Minister Mohammed Shia Al-Sudani to announce a pioneering financial initiative that he said could change the business landscape in Iraq and strengthen its relationship with the United States.

The advisor stated that according to the Trading Economics Company, US exports to Iraq in 2023 amounted to $2.26 billion, recording an increase of 230% over 2022, and 280% over 2021, while total agricultural exports alone reached $357 million, which is more than double the figures for 2022 and three times the figures for 2021.

With the change of administration in Washington, many observers expected uncertainty regarding US policy in the Middle East, especially towards Iraq. US President Donald Trump’s priorities clearly focused on domestic issues such as immigration, economic reform, and corporate repatriation. However, his appointment of strong leaders to key foreign policy positions indicated a continued focus on maintaining US influence abroad in general, and in the Middle East in particular.

Mr. Trump and his team have demonstrated their commitment to de-escalation, and their role in helping to broker a ceasefire in Gaza was essential even before the president took office. Mr. Trump has long been engaged in the fight against ISIS, and one of his main campaign promises was the total defeat of the terrorist group.

In a March 2024 interview, he proudly noted his leadership role in the fall of ISIS, saying he “got rid of it.” While the group has been largely physically eliminated in Iraq, where it once held vast territory, it remains a threat in remote areas and now poses a risk of resurgence in Syria, particularly after the collapse of the Assad regime. Clearly, a complete and lasting defeat of ISIS, beyond any chance of recovery, will require, and indeed will be essential, strong cooperation between Iraq and the United States.

Iraq and the United States can share many security, political, and economic issues for mutual benefit. Regionally, Iraq stands out as an anchor of stability and an important player in diplomacy. Under Prime Minister Mohammed Shia al-Sudani’s “Iraq First” policy, the country has adopted a moderate and inclusive approach that prioritizes shared interests. This position enhances the country’s influence in the region and underscores its importance as a partner for the United States in maintaining stability.

The strong and thriving U.S.-Iraq relationship promotes stability and prosperity in the region, but the U.S.-Iraq relationship extends beyond military and security cooperation, encompassing sectors as diverse as energy, agriculture, education, and economic development. Al-Sudani is currently leading Iraq through an ambitious reconstruction effort, with funding exceeding any allocation in the past two decades.

Iraq offers significant opportunities for U.S. companies in the energy sector, with discussions underway with major companies such as ExxonMobil and Chevron, along with initiatives involving General Electric, Baker Hughes, KBR, and Halliburton. Overall, projects for U.S. companies could be worth tens of billions of dollars over the next few years. Financial institutions, including the Export-Import Bank and the International Monetary Fund, have expressed interest in supporting these efforts. Notably, the prime minister is expected to announce a major financial initiative that could change the business landscape in Iraq and further strengthen its relationship with the United States.

American companies are increasingly drawn to Iraq, as evidenced by the growing activities of the US-Iraq Business Council, while the events of the American Chamber of Commerce in Iraq now attract more American companies than ever before.

According to Trading Economics, a data and forecasting firm, U.S. exports to Iraq reached $2.26 billion in 2023—a significant 230 percent increase from 2022 and 280 percent higher than 2021. Agricultural exports alone totaled $357 million, more than double the 2022 figures and three times the 2021 figures. These figures are expected to rise significantly in 2024 and 2025, and U.S. farmers, in particular, will benefit from this burgeoning trade relationship.

In addition, the Iraqi government has approved a program to send 5,000 students abroad for master’s and doctoral studies, with approximately 3,000 students to study in the United States. American universities will benefit greatly from this initiative, along with collaboration with institutions such as the American universities in Baghdad, Duhok, and Sulaymaniyah.

Al-Sudani described relations with the United States as “strategic” and “institutional,” emphasizing the depth of this partnership in his recent media appearances, and in particular, in an interview with Elaph in London, hours before Mr. Trump’s inauguration on January 20, the prime minister said that Iraq “is ready to cooperate with the new administration.” He stressed that this relationship is based on the joint strategic framework agreement between the two countries, “as well as our partnership in the international coalition to fight ISIS.”

A strong and prosperous relationship between the United States and Iraq promotes stability and prosperity in the region, benefiting the interests of both countries and their people. Through strategic cooperation in security, economics, and diplomacy, this partnership has the potential to shape a more stable and prosperous Middle East.  link

Coffee with MarkZ and Andy Schectman. 01/29/2025

 Coffee with MarkZ and Andy Schectman. 01/29/2025

29Jan 29

Coffee with MarkZ and Andy Schectman. 01/29/2025

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Wednesday….and Good Morning to all

Member: Happy Chinese New Year…..It starts today for the next 2 weeks.  ;

Member: Anybody hear anything worthwhile yesterday??

Member: Nader had a new video out and he was smiling really big

MZ: He dropped the news before I could this morning…..lol I should have known better. But well done and thanks Nader

MZ: Think about everything on the plate of the new US secretary right now …. The US has a freeze on money and they are scrambling because the last administration spent 30% of our budget in just 19 days!    But for some reason …..just 9 days into the new administration….in his first few days as Treasury secretary …..Mr.Bessent’s US Treasury team is off to the middle east into Iraq…a country with an almost worthless currency according to world views………We know better and the middle east knows better…....

MZ: But for some reason – it’s a priority to have the US Treasury over there…….I’ll let you guys figure out why. But it will tell you how close we are right now. IMO

​​Member: heard they sent a team last Friday- treas sec was not part of that group?

Nader. I searched and cannot find that Nader video anywhere??? Some say it was an old video?

MZ: I was sent a clip that was shared with me….Looked new to me….but guess it could be an old one. 

Member: There was a post on X –Scott Bessent – our new Treasury Secretary stating he is committed to eliminating income tax, replacing them with a fair consumption tax and adopting a gold backed currency. We will erase debt, restore financial privacy and unlock new technologies for a prosperous future….the Golden age starts now……I hope that was really him and now some scammer posting this. 

MZ: There is a question as to if that account is actually Scott’s. But it was blue checked and someone would get into lots of trouble if it wasn’t accurate. 

Member: Any bond news?

MZ: Nothing new on bonds . Its been 36 hours without meaningful updates. 

Member: (From Dinar Guru)  Mnt Goat  The below message recently comes up on this site [xe] when you inquire about the IQD. It says “Notice IQD may be redenominated”. This redenomination is the newer lower denominations we have been waiting for. Yes, they will have to execute the Project to Delete the Zeros. We know that the CBI must also raise the rate of the dinar at par or just over a dollar within country to get this project started and create incentives to turn in the dollars. This is really the final push to de-dollarize Iraq. The CBI still needs to break this parallel market. As long as the dinar is much lower than the dollar this issue will linger.

MZ: The US is already getting dollars out of there so the dinar is supported 

MZ: “ Two Federal banks express their readiness to pay the salaries of Kurdistan employees”

Member: A security source in Anbar province reported on Sunday that a convoy carrying American vehicles and equipment arrived at Ain al-Assad base, coming from Erbil province."

Member: Frank26 had some amazing banking stories yesterday

Member: what about the smaller notes in the ATM's in Iraq? What's the status? Not sure if they're out yet in the local markets there in Iraq yet. Are people using them yet?

Member: I think if it already happened – we would all know…..so probably not yet. 

Member: Have you heard we are waiting for the rainbow currency to be released for the rv to start????

Member: Bank truth: Went to my local PNC Bank yesterday. Asked the teller for the new USTN, she said it's in the vault but can't use it quite yet but very soon. !!!!

Member: Woo-hoo! yesterday I received a notice from BOA that my debt was "discharged"...i have to report it to irs, but, that's ok.

Member: Is it true all banks got emails stating that to get ready for the foreign currency exchange??

Member: Frank26 had a great bank story yesterday. Banks received a notice about currency revaluation.

Member: This weekend sounds very hopeful for a "go", Mark!!

Member: Thanks Mark and Andy……Hope everyone enjoys your day. 

MARKZ: "They are “positioned “ for this week to be finished…funding is prepared!"#iraqidinarinvestor

 

Central Bank Governor Announces Imminent Launch Of Major Initiative To Finance Industrial Projects, 29 JAN

 Central Bank Governor Announces Imminent Launch Of Major Initiative To Finance Industrial Projects

Local | 03:43 - 01/28/2025   Mawazine News – Baghdad   The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, the imminent launch of an initiative to finance industrial projects, while indicating that financial stability is no less important than political and security stability.

The Governor of the Central Bank, Ali Al-Alaq, said in a dialogue session during the Iraq Energy Conference: "The initiatives undertaken by the Central Bank represent tools to move the wheel of development and enhance economic stimulus, and they are unconventional policies aimed at supporting the overall economy."

He added that "the Central Bank is one of the global banking institutions that adopt unconventional monetary policies," noting that "the size of the accumulations in the aspects of backwardness in the infrastructure is a major challenge."

He explained that "the Central Bank is concerned with achieving economic stability, especially since energy factors are directly linked to the economic situation through supporting factories, companies, and others."

He pointed out that "the Central Bank intervenes in supporting and financing various projects, including renewable energy projects, whether through direct or indirect support."

He pointed to "the importance of monetary and financial stability," indicating that "it is no less important than political and security stability."

He added that "the Central Bank has launched multiple initiatives to finance real estate and small and medium enterprises, where projects worth 13 trillion dinars have been financed since 2016 until now, which has contributed to the sustainability of the economy, in addition to allocating 1 trillion dinars to encourage citizens and companies to purchase solar energy units."

He added that "there are ongoing arrangements to finance industrial projects in coordination with the Trade Bank of Iraq and the Industrial Bank," indicating that "the liquidity available at the Trade Bank of Iraq will be used to support these projects, in addition to the funds of the Industrial Bank, with the aim of launching a major initiative to finance industrial projects, which is expected to see the light soon."

He stressed that "the Council of Ministers has approved enhancing cooperation between government banks with a financial surplus to finance industrial projects through the Industrial Bank, as it is the competent authority in this field," stressing "the imminent launch of this major initiative."  https://www.mawazin.net/Details.aspx?jimare=259115

STATUS OF THE RV, PART. 4 BY MNT GOAT, 29 JAN

 STATUS OF THE RV, PART. 4

😊All these full articles can be found in the Articles Section of today’s Newsletter. The first article titled “GOVERNOR OF THE CENTRAL BANK OF IRAQ MEETS AN OFFICIAL DELEGATION FROM THE UNITED STATES”. His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council,

 and his accompanying delegation in Baghdad. During the meeting, they discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the US Chamber of Commerce and American companies next April.

😊The next article is titled “AL-SUDANI IN A TELEGRAM TO TRUMP: WE ARE COMMITTED TO STRATEGIC RELATIONS UNDER THE UMBRELLA OF RESPECT FOR SOVEREIGNTY AND NON-INTERFERENCE”. Prime Minister Mohammed Shia Al-Sudani sent a congratulatory telegram today, Tuesday, to US President Donald Trump, on the occasion of his assumption of office as President of the United States of America.

Al-Sudani indicated in the telegram, according to a statement from his office, a copy of which was received by {Euphrates News}, that Iraq aspires to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries, stressing the importance of working to support the foundations of stability, security and development regionally and internationally.

😊The next article is titled “AL-JAWAHIRI: TRUMP WILL LOSE THE “OIL PRICES” BATTLE AND IRAQ’S BUDGET IS A TOOL TO STEAL MONEY”  Oil expert Hamza Al-Jawahiri bet on Saturday on US President Donald Trump’s loss regarding reducing global oil prices, noting that inflating the numbers in the Iraqi budget represents a means of stealing public money . Al-Jawahiri said, in an interview with Shafaq News Agency, “Trump will fail in his attempt to reduce oil prices, as the United States aims through this to achieve major political changes in the world, such as stopping the war in Ukraine as it stopped the war in Gaza and Lebanon, and changing the regime in Syria.” (and much more).

We can read from these three articles and other news this period, that the goals and foreign policies of the US towards Iraq are going to be of three levels:

1.Defense – Strategic Agreement. The US will have to negotiate leaving troops inside Iraq. Can Iraq defend itself? Does the US still need a presence in the middle east for stability in the middle east?

2.Energy – Bring the price of oil down, drill baby drill, pump baby pump applies to Iraq also.

3. US Companies investing in Iraq – that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

Anyone who tells you that this investment in the Iraqi dinar is just a pipe dream, then refer them to my blog for advice. Maybe they were just listening to the wrong people…..

We must continue to pray. This is what will really get us the prosperity and abundance that God promised us through His prophets. Remember that God works with the physical world we live in and so He initiates worldly events to move His agenda forward.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

JEFF: THE 'development renaissance' in Iraq" MUST COME FIRST BEFORE THE CHANGE OF RATE!! #iraqidinar

 

Oil: Iraq's Production Will Reach 7 Million Barrels Per Day And These Are Our New Projects To Enhance Self-Sufficiency, 29 JAN

 Oil: Iraq's Production Will Reach 7 Million Barrels Per Day And These Are Our New Projects To Enhance Self-Sufficiency

Tuesday 28 January 2025 17:48 | EconomicNumber of readings: 152   Baghdad / NINA / The Ministry of Oil revealed that Iraq's oil production will touch 7 million barrels per day during the next five years, while confirming the completion of new refining projects in the Basra and North refineries, with a total capacity of 220 thousand barrels per day to enhance self-sufficiency in oil derivatives.

Undersecretary of the Ministry of Oil Ali Maaraj said, during his participation in a dialogue session within the activities of the Iraq Energy Conference, which kicked off today, Tuesday, in the capital, Baghdad, that "the ministry seeks to increase production capacity, which will touch 7 million barrels of oil per day during the next five years, as well as address the burning of associated gas and reach zero filler during the same period, and stop importing oil derivatives soon."

He added, "For the first time, Iraq is witnessing the implementation of integrated projects in the oil sector, including oil extraction, refining, and petrochemical industries, as well as electricity generation and transformation industries such as fertilizers. These projects include the "Basra Integrated Project, the Total Project, and other projects in Nasiriyah and Qayyarah."

He explained that "the Ministry of Oil referred" the fifth licensing round, which had been suspended for more than four years, followed by the sixth licensing round and the fifth round supplement, "as well as referring the development of the Artawi oil field, which includes integrated projects including oil extraction, gas processing, seawater desalination, and energy generation through solar stations."

Regarding gas flaring cessation projects, the Undersecretary of the Ministry confirmed that significant progress has been made in the field of treating associated gas, after launching new processing units with a total capacity of 600 million standard cubic feet in the governorates of Basra, Maysan, and Dhi Qar, "noting the suspension of the import of white oil derivatives and gas oil, while working to stop the import of gasoline soon.

The Undersecretary of the Ministry of Oil reiterated the ministry's commitment to preserving the environment and reducing carbon emissions through clean and renewable energy projects, including modernizing refineries and establishing modern facilities according to "Euro 5" and "Euro 4" standards, which contributes to improving the quality of products and reducing pollution.

He continued by saying that "the Ministry of Oil supplies the Ministry of Electricity with all types of derivatives, at a rate of 10,000 liters of gas oil per day," noting that "Iraqi refineries produce 30,000 cubic meters of gas oil, and some products are exported to support the state budget."

He added that "the Ministry of Oil has self-sufficiency in white oil and factories to improve gasoline," indicating that "the production of national refineries currently covers the local need for white oil, black oil and gas oil." / End 5  https://ninanews.com/Website/News/Details?key=1182519

STATUS OF THE RV, PART. 3 BY MNT GOAT, 29 JAN

 STATUS OF THE RV, PART. 3

What else is in the news?

There is so much news this period coming out of Iraq but for the length of this Newsletter I will concentrate on just a few more of the most important articles. These articles deal with the new US Trump administration and what is holding up this next stage that Al-Abidi told us should happen. So, this news today is all interconnected. 

This information is also supported by what my contact in the CBI has told me a couple times is the hold up. But we all should get out of this idea of a “holdup” and just realize that it is a process.

 The CBI sets goals and plans. But the plans don’t always pan out on time and obstacles are realized along the way. I have to day that getting off the currency platform was a huge undertaking for the CBI and was done on time and effective. I know this seemed unusual for Iraq to be on time….lol…lol..lol..

😊All these full articles can be found in the Articles Section of today’s Newsletter. The first article titled “GOVERNOR OF THE CENTRAL BANK OF IRAQ MEETS AN OFFICIAL DELEGATION FROM THE UNITED STATES”. His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council, and his accompanying delegation in Baghdad. During the meeting, they discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the US Chamber of Commerce and American companies next April.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

WALKINGSTICK: Trump has declared a mandate to Iraq - Stop using my dollar!! ‪@DINARREVALUATION‬

 

Government Advisor Reveals Iraq's Gold Reserves And Hedging Against "Ill-Considered Races" To Buy It, 29 jJAN

 Government Advisor Reveals Iraq's Gold Reserves And Hedging Against "Ill-Considered Races" To Buy It

Time: 2025/01/27 19:17:28 Read: 1,410 times   {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s gold reserves, which are estimated at about 152 tons.

Saleh told {Euphrates News} that: "The gold reserve is undoubtedly an important part of Iraq's foreign exchange reserves, as it contributes to enhancing financial stability and confidence in the national currency. According to the announced data, gold reserves have reached about 152 tons."

e added, "The approximate value of it in the country's foreign investment portfolio is about $14 billion, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions among other foreign currencies."

Saleh promised that gold is "a safe haven for the balance of the aforementioned investment portfolio, especially when the exchange rates of some currencies or the fluctuation of interest on investing in those currencies are exposed to uncalculated risks in the short term as a result of decline or fluctuation."

He pointed out that "central banks often follow standard guidelines, including our country, in diversifying their investment portfolios in foreign currency, which adopts many criteria, including the density of commercial areas with which they deal in global trade and investment."

Saleh added, "Our country is monitoring this diversification with great precision and with accurate advisory coverage, and it is not necessary to enter into ill-considered races in the yellow metal markets," indicating that "gold often carries its management costs, whether insurance or storage fees in global gold vaults, according to highly accurate mechanisms."

He stressed that "its importance lies in the possibility of issuing bonds when needed, called gold bonds guaranteed by gold," noting that "there are currently buying sprees in the world due to the change in the US administration and the rise in its prices."

According to the statement of Al-Sudani's advisor, "the state of uncertainty surrounding the new US administration has led to a rise in gold prices globally, as gold is a safe haven for investors in times of instability," noting that "despite this, strengthening gold reserves depends on the decisions of the monetary authority and its strategies in maintaining economic stability, and taking the necessary measures at the appropriate time."   LINK

STATUS OF THE RV, PART. 2 BY MNT GOAT, 29 JAN

 STATUS OF THE RV, PART. 2

Next, I need to cover what many might see as a negative article. But I assure you it is just gossip and a devaluation of the IQD is NOT going to happen. Please see article titled “BETWEEN ECONOMIC EXPERTS’ WARNINGS AND GOVERNMENT DENIAL, THE VALUE OF THE IRAQI DINAR IS AT STAKE” 

I believe the point the author is trying to make in this article is that if the CBI does not move soon on the next stage, what Al-Abidi talks about in his article there may be repercussions in the economy. 

In that just because Iraq is now out of the currency auction platform everything is still not completed. There is more to do to get the dinar to the place that they desire it. This last step alone will not do it.

So rumors begin and an informed government source denied, on Tuesday (January 28, 2025), that the Iraqi government has any intention to reduce the value of the dinar against the dollar, despite rumors indicating upcoming measures to confront economic pressures and challenges in the international market.  Do you see what I mean now once you read this paragraph? The CBI must make this move to the next stage and do it soon, very soon, not years in the future.Now that they have moved closer to the international way of banking for their imports (through foreign correspondent banks), they must eventually move to FOREX and to get to FOREX trading they will need to conduct the Project to Delete the Zeros. The final goal in all these steps is to get of course to reinstate the dinar on FOREX but also to have the IQD usable for trade. What I mean is to create a desire for acceptance of the dinar as a means to pay for imports to Iraq. Why would anyone want the dinar now at 1/6 of a penny? Get it?  

So, when I listen to intel from many of these intel gurus out their namely this jackass  TNT Tony, I can see through the lies either someone is feeding him or he is just making it all up himself. I know the steps necessary to get to FOREX and believe me we are not exchanging our dinar as investors unless the IQD is back on FOREX. No one is exchanging the IQD for anything other than the “official” CBI rate 1310 or maybe a black-market rate. But certainly not at $3 or $4 dollars for example. How stupid to even believe this crap.  How long has this nonsense been going on?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

GOLDILOCK:WTO Accession talks are expected the first quarter of this year between Iraq and WTO. Why?

 

GOVERNOR OF THE CENTRAL BANK OF IRAQ MEETS AN OFFICIAL DELEGATION FROM THE UNITED STATES, 29 JAN

 GOVERNOR OF THE CENTRAL BANK OF IRAQ MEETS AN OFFICIAL DELEGATION FROM THE UNITED STATES

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council, and his accompanying delegation in Baghdad.

During the meeting, they discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the US Chamber of Commerce and American companies next April.

The meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq.

His Excellency the Governor stressed during the meeting that the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks, noting the importance of diversification in investment sectors.

The two parties also discussed the mechanisms of international trade and the process of Iraq’s transition to fully operating in foreign transfers through correspondent banks. The Director General of the Investment Department and the Director General of the Banking Control Department attended from the Central Bank, in addition to His Excellency the Governor.

Central Bank of Iraq 
Media Office 
January 26, 2025

STATUS OF THE RV , PART. 1 BY MNT GOAT. , 29 JAN

 STATUS OF THE RV 

😊I want to start off today’s news with Iraq bragging once again about its resources and wealth in an article titled “IRAQ BOOSTS FINANCIAL STABILITY WITH HUGE DOLLAR AND GOLD RESERVES IN US, EUROPE”.

 Boy, oh boy they are teasing us dinar investors once again. They are flaunting their wealth once again but the IQD is still at 1/6 of a penny and NOT traded on FOREX? Meanwhile Iraq has 43% more oil reserves than Kuwait and just founded two more major wells besides. There is something inherently wrong here. Do you see it too? 

Let’s explore this concept in greater detail in today’s Newsletter by referencing other articles and what they are telling us. Remember these are their words, not mine. This comes directly from Iraqi news. We may not agree with all of what the articles have to say this news period, but I will say it is not lies or misinformation. No fake banker stories or memos. No every weekend RV bullshit. Instead they give us a trend of where Iraq is right now and how they are thinking for their next strategy of reforms. If we pay attention we can see the writing is on the wall and their economists see it now too.

Kuwait is at 1 KWD = 3.25 USD on FOREX.

The below message recently comes up on this site when you inquire about the IQD.

 It says “Notice IQD may be redenominated”. This redenomination is the newer lower denominations we have been waiting for. 

Yes, they will have to execute the Project to Delete the Zeros. 

We know that the CBI must also raise the rate of the dinar at par or just over a dollar within country to get this project started and create incentives to turn in the dollars.

 This is really the final push to de-dollarize Iraq. The CBI still needs to break this parallel market. As long as the dinar is much lower than the dollar this issue will linger.  

You can link to the site yourself https://www.xe.com/currency/iqd-iraqi-dinar/

Next, as usual I want to point out one article that stands out among all others in the set of articles in the Iraqi news for this period.

In doing so,  I want to bring to your attention a very interesting, but sober analysis of the solution to the problem of the parallel market and dollar within Iraq by a noted economists. His name is Khalil Ibrahim Al-Abidi. The article is titled  “AUCTION DOES NOT BUILD THE ECONOMY”.

What I find interesting about the article is heexplainsabout the dinarwhat all of us should already know if you have been following my blog. But it is nice to hear it again from their mouths not just mine.

 Al-Abidi essentially is telling us once again that the currency auctions were not meant to be implemented so long. (Oh…gee whiz what a revelation…lol..lol..lol..) He says the auctions were a temporary measure to prevent hyperinflation and because they had run so long, they had become a way of life or as he puts it in the article and I quote – “and we have become accustomed to the mistake and it has become a lifeline.” 

 He admits that the auctions were not such a good thing when the CBI let them go on for twenty years. He says the CBI did a very good thing in getting off the currency auction platform. I quote from the article … “the Central Bank did well recently and left the auction platform, and returned to respect its currency, which is the dinar.”. But he says there is also the next step that needs to happen.  

Economist Al-Abidi then goes on to say in the article what the next stage or step should be for the dinar. Yes, we all know what the next step should be and now, once again, we are hearing it from yet another Iraqi economist not just our own thoughts as  investors. So, what does he feel is the next step? I quote from the article and I broke it down into three distinctive parts :

1.“Working to follow up on what is imported under the import license and ridding the country of the decline of its currency and the danger of imports”, (avoid fake receipts and shipping papers) and;

2. “the most important step is to zero out the dinar, and buy the 1,250 old dinars for one dinar of the new currency during the exchange after printing the one dinar denomination”, (he is saying to exchange 1,250 of the older three zero notes for a newer lower denomination note of one dinar worth $1.25 USD) and;

3. “the value of one dinar will be one dollar through the documentary import cycle, and we have sufficient revenues in addition to the sovereign reserves.” (here he backs up what I just said in #2 above)

Note that Al-Abidi does not mention the FOREX trading of the dinar and limits his commentary to in-country and managing the payment of imports into Iraq. We know this has to be the next step in the process to increase the rate of the dinar in-country to at par or just over a dollar. Then go to FOREX.

Again he is talking about the next stage and is limiting it to in-country. This will enable the CBI to issue the newer lower denominations.

 We know these denominations are already printed as Dr Shabibi told us they were way back in 2012 and so don’t doubt this point in your mind. 

We must remember what we learned in the past and go forward to the present to use our brains in determining where we stand in this investment. Over speculating with nonsense from many of these intel guru idiots does not help.

Okay, so what else does Al-Abibi tell us. He says and I quote “Making the value of one dinar equal to one dollar will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of safety.”  WOW! WOW! WOW! Do you know how powerful this last statement is? He gives a solution the parallel market but in order to dissolve the parallel market you must get rid of the reason for the demand in the dollar. Get it? He gets it! 😊 I can’t imagine that the CBI also does not get it.

Then even more powerful Al-Abidi goes on to say and I quote “It issues a currency whose value is evaluated in gold, not in the currency of others, upon request.” WOW! WOW! WOW! again another powerful statement. So, what is he talking about in this statement of his? He is saying the IQD will be backed by gold not some basket of other foreign reserve currencies and the dinar can them be converted to gold upon demand to the CBI. Folks this is “gold-backed” currency of the dinar we have already talked about and read in many articles about but now we hear it from Iraq themselves that this is the plan.  

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/