REINALDO JC
Iraq
Iraq Gov’t CANNOT send the budget schedules/tables to Parliament to view, to touch, to peek, to vote on, pass on, NOR the Kurdistan Region Gov’t can begin exporting oil internationally until the DINAR RATE CHANGES 1st!!! (imo)
On top of..The Trump Administration is putting pressure on Iraq to release the oil.
Let’s see what excuse they can come up with next but the PRESSURE is on
Oil: We Will Receive 185 Thousand Barrels Per Day From The Kurdistan Region As A First Stage
Iraqi oil refinery Energy Economy News – Baghdad The Undersecretary of the Ministry of Oil for Extraction Affairs, Basem Mohammed Khudair, confirmed today, Sunday, that the ministry will receive about 185 thousand barrels per day from the Kurdistan Region as a first stage after resuming oil exports through the Turkish port of Ceyhan, while he indicated that the quantity will gradually increase to 400 thousand barrels per day.
"The suspension of exports from the Kurdistan Region during the past period caused a problem for the oil fields in the region, and a period of rehabilitation is needed to restore their production capacity, with the aim of reaching the export of 400,000 barrels per day, which is the minimum quantities stipulated in the budget," Khadir said in a televised statement followed by "Al-Eqtisad News."
He added that "the quantity currently available for export in the region is 300,000 barrels per day, part of which is allocated for internal use, while the remaining 185,000 barrels will be allocated for export."
He pointed out that "the past period witnessed a visit by a delegation from the Ministry of Oil to the region, and it was agreed to form joint committees to follow up on the mechanisms for resuming oil exports," explaining,
"We were informed by the region of its readiness to start the export process."
He continued, saying, "The technical teams of the North Oil Company and representatives of the Kurdistan Region are working to inspect the oil export pipelines and ensure their suitability and readiness to resume pumping oil through them."
Khadir confirmed that "the Ministry of Oil has contacted the Turkish side to inquire about the readiness of the pipeline designated for export via the port of Ceyhan, and we are awaiting an answer within the next 24 hours."
He also stated that "the ministry is keen on the continuity of export operations via the port of Ceyhan as part of a strategic vision for the relationship between Iraq and Turkey, and there is continuous communication with the region and the Turkish side to ensure the continuation of cooperation and export." https://economy-news.net/content.php?id=52947
Frank26
Everything that we read every day has nothing to do with 1310. Does this International global system have anything to do with 1310? No.
Does the complete overhaul, change, blood transfusion of the banking system, the monetary performance system of Iraq, completely changed, do you think they didn't change the 1310?
Iraq...is international without a doubt.
The problem is they have not release the REASON why you are international yet. That will be a new exchange rate with a new denomination of currencies called the lower notes.
Foreign Remittances Constitute More Than 93% Of The Central Bank’s Sales.
Time: 2025/02/23 Reading: 960 times {Economic: Al Furat News} Foreign remittances, today, Sunday, in the sales of the Central Bank of Iraq, reached more than 93% in the hard currency auction.
The bank sold in its auction today 293 million, 340 thousand and 631 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.
Most of the dollar sales went to strengthen the balances abroad in the form of transfers and credits, which amounted to 275 million, 440 thousand and 631 dollars, at a rate of 93.82%, compared to cash withdrawals amounting to 17 million, 900 thousand dollars.
The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 5 banks, and the total number of exchange companies participating in the auction was 23 companies. LINK
Walkingstick
When the new currency comes out both Baghdad and the Kurds will use the same IQD but only Sudani will control the currency.
Only Sudani will control the country with the CBI... Sudani control the new exchange rate, not Barzani, not parliament, not even Trump.
Ramadan between spirituality and the blaze of prices.. Warnings as the holy month approaches
Economic expert Ahmed Al-Tamimi warned, today, Sunday (February 23, 2025), of the rise in food prices with the approach of the month of Ramadan.
Al-Tamimi told Baghdad Today, "There is a fear among the Iraqi street of rising food prices with the approach of the holy month of Ramadan, especially with the presence of some greedy merchants, and this is why we find a rush to the markets these days for shopping, fearing a rise in prices in the coming few days."
He added, "The competent supervisory authorities in the Ministry of Interior and the Ministry of Commerce must monitor prices in the markets on a daily basis to prevent any manipulation of prices and raise the prices of some food items that are in high demand during the month of Ramadan. This sends messages of reassurance to citizens."
Ramadan is a special time for Muslims, when people come together in a special spiritual and social atmosphere. However, many face increasing economic challenges during this month, most notably the rise in prices of food and basic products, which burdens low-income families.
There are many reasons for this increase in prices, including increased demand for food, some traders taking advantage of this opportunity to raise prices, in addition to problems related to supply chains and economic inflation. In some countries, governments are seeking to take control measures to limit these increases, such as imposing fixed prices or providing support for some basic commodities. link
Mnt Goat
Article: "EXCLUSIVE: FIVE IRAQI BANKS TO BE BANNED FROM US DOLLAR TRANSACTIONS"
so it’s
not 15 banks, only 5 from engaging in US dollars. These are the CBI restrictions and NOT US sanctions imposed on the banks in Iraq. I repeat NOT US sanctions!Iraq's 2025 Budget Schedules "You're Going Where You Are" and the Reason: Amendments to Article 12
Parliamentary Finance: No signs of sending the tables due to the amendments to Article 12 that changed the equation.
The fate of the 2025 budget tables remains uncertain, despite the approval of the amendments. She pointed out thatFinance Committee There is no intention to send the latter, citing the continued amendments to Article 12 that will affect revenue and expenditure figures. There are also warnings that this delay may negatively affect many entitlements. link
MAJEED
Member: Every week, I feel like it’s ground hogs day with the RV…..
MZ: Stay hopeful…..we will get to the end of this ….we don’t know the exact timing…but so much is lining up. Today is far better than a normal Monday morning.
Member: What happened to the spendable money bond facilitators had gotten last week? Any movement since then?
MZ: This is very unusual for a Monday Morning…but I am already hearing from Historic bond contacts. A number of them have bond contracts for later in the day tomorrow. They are expecting spendable money. So my fingers are crossed for the next 24 hours. Hoping we can cross to the other side of that bridge to track solid movement of bond holders themselves. Not just paymasters and facilitators.
Frank26
Iraq...is international without a doubt. The problem is they have not release the REASON why you are international yet. That will be a new exchange rate with a new denomination of currencies called the lower notes.
I love the fact that Saleh is constantly coming out every day to talk to you Iraqi citizens about the success of their banking and monetary reform education. This time he tells the Iraqi citizens that your banking reform is going through a major change.
I call it a paradigm shift. It is tremendous what is going on...You're not just a financial hub...There are so many ways he can tell you Iraqi citizens that there is a new exchange rate coming but the evidence is all around you. IMO every day there's an announcement on your television in order to soften the shock of what is soon to be announced, a new exchange rate.
“Coffee With MarkZ” Monday Morning Chat 2-24-2025
Thank you MarkZ for all your time, and encouragement daily….. PDK
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 Monday morning…..welcome to a new week
Member: We will probably won’t have much news since it’s Monday. Probably everything is dried up from the weekend
Member: Ok Everyone who's ready to turn this page???
Member: Every week, I feel like it’s ground hogs day with the RV…..
MZ: Stay hopeful…..we will get to the end of this ….we don’t know the exact timing…but so much is lining up. Today is far better than a normal Monday morning.
Member: What happened to the spendable money bond facilitators had gotten last week? Any movement since then?
MZ: This is very unusual for a Monday Morning…but I am already hearing from Historic bond contacts. A number of them have bond contracts for later in the day tomorrow. They are expecting spendable money. So my fingers are crossed for the next 24 hours. Hoping we can cross to the other side of that bridge to track solid movement of bond holders themselves. Not just paymasters and facilitators.
MZ: It is very unusual to get information this early on a Monday Morning.
Member: I think we are possibly waiting for the audits of the UST, the Fed and Ft. Knox for us currency holders to exchange. ……..I don’t think they can do a reset without fixing our big financial system issues.
Member: Then let’s hope they move quickly and get it done.
Member: Mark do you think the RV will happen in April?
MZ: I am not ruling out February yet.
Member: Census data released today in Iraq. There was a power outage during the press conference. Shows the need for improvements on electrical power grid generation
Member: MM site posted this morning the Iraq would start pumping oil by the end of the week, do you think they are waiting for the first of the month
Member: Ramadan starts in a couple days…..we might as well relax for month….nothing will happen at that time.
Member: Mark has said several times that revaluations have happened during Ramadan
MZ: No part of me thinks that it matters that it is Ramadan soon. Historically many countries in that region have changed rates during Ramadan. But it is still possible to see this before Ramadan…It may be a very “lucky” time to do this RV during Ramadan.
Member: I think Ramadan starts in 4 days….sunset on Thursday .
MZ: In Iraq: “ Al Sadr responds to Maliki –We will not participate in any government that has a framework” Why is this important? They are removing bad influences….they want things cleaned up.
MZ: “Kurdish administration resumes oil deliveries to Syrian government for first time since Assad was toppled” This should halp Syria become more stable again….they are still working on infrastructure, power plants and pipelines.
MZ: “Baghdad and Erbil form a joint technical team to inspect the readiness of the Kurdistan oil Export Pipeline” this pipeline had been mothballed for a couple years and is now roaring to life. They are planning to test it in the next 18 hours or so to start again moving oil through Turkey for sales.
MZ: “Iraq is redrawing its economic map : precious metals in the façade” The government moves to diversify its non- oil sectors. They are sitting on tremendous reserves and now they are developing them. There is much more in Iraq’s income then just oil. They have many gold, silver, and phosphate and precious metals……They have far more resources now then what they did under Saadam Hussein when the Iraqi dinar was worth over $3.
Member: These are things the US also need……hope they get working on that soon over here as well.
Member: March 4 was the day set by our Confederation Congress in 1788 for our new government under our Constitution to begin operations. Our 1st Congress met March 4, 1789.
Member: Skye Prince announced Sunday morning that they have rolled out for tier 1 and tier 2!!! Medbeds are suppose to rollout simultaneously with the RV!!
Member: Does anyone else's family or friends think your nuts to invest in dinar?
Member: You are not alone …really looking forward to saying “I told you so” to people who mock me.
Member: When this is done, I say we outlaw the word “close”
Member: Things are feeling so positive lately. I'm feeling so up for this week. Something seems like it's finally a go!!
Member: Thanks Mark and mods….everyone have a wonderful day.
