Saturday, March 15, 2025
A politician warns of the repercussions of Al-Kadhimi's return... he carries an American agenda., 16 MARCH
A politician warns of the repercussions of Al-Kadhimi's return... he carries an American agenda.
Abdul Hamid al-Dulaimi, a member of the United Anbar Alliance, warned on Friday of the repercussions of the return of former Prime Minister Mustafa al-Kadhimi, describing him as carrying an American agenda that does not serve the people's interests.
In a statement to Al-Maalouma Agency, Al-Dulaimi said, "Former Prime Minister Mustafa Al-Kadhimi represents the last American card for Iraq, as he has clear plans to create widespread chaos in Iraq by fueling demonstrations to destabilize the country's security and stability for reasons that have become known to everyone, in addition to spreading political differences between the poles of the political process and planting a spirit of division among its components by strengthening the regional government over the center."
He added, "Al-Kadhimi's return to Baghdad carries within it American agendas, the outlines of which will become clear in the coming period, amid warnings from political and security sources of the repercussions of his return and its negative impact on the political process." He indicated that "Al-Kadhimi is working to attract the Sadrist movement by all means to strengthen his front and the illusions of those affiliated with the movement that his plan is in the interest of Iraq."
Finally, Al-Dulaimi stressed that “America follows a policy of planting its spies inside countries to implement its agenda as it deems appropriate for the interests of its country.” link
MILITIAMAN CC HIGHLIGHTS NOTES The Future of Iraq: Economic Reforms and the Dinar, 16 MARCH
MILITIAMAN CC HIGHLIGHTS NOTES
Chapter 1: The Future of Iraq: Economic Reforms and the Dinar
Introduction
In an era of rapid globalization and economic interdependence, understanding the complexities of a nation’s financial system is paramount.
This chapter focuses on the current state and future prospects of Iraq’s economy, with a specific emphasis on the Iraqi dinar and its transformation through various governmental reforms and international partnerships.
Key concepts addressed throughout this discussion include smuggling, corruption, e-governance, and the role of international organizations such as the IMF (International Monetary Fund). As Iraq seeks to bolster its economy and attract foreign investment, recognizing these dynamics becomes essential for understanding the country’s path forward.
The Drive Towards E-Governance
1.1 Electronic Control and Monitoring of Goods
The Iraqi government has recently implemented advanced e-governance systems aimed at curbing rampant smuggling and corruption at its borders. With an estimated two decades of over $20 billion loss attributed to smuggling, the urgency for reform cannot be overstated. Essential components of this initiative include:
- Hotlines for reporting corruption: Designed for citizens to report indicators of corruption and extortion.
- Electronic border controls: Adoption of electronic programs to monitor goods entering the country, emphasizing a shift toward a cashless society.
The move to electronic monitoring not only enhances transparency in trade but poses challenges for smugglers attempting to introduce high-value goods, including luxury items and construction materials.
1.2 Infrastructure and Economic Impact
The adoption of electronic systems is paired with the government’s directive for infrastructure improvements at border crossings, which will expedite customs processes. By implementing comprehensive auditing systems for import licenses and good certificates, the government aims to enhance trade efficiency and revenue collection.
International Relations and Economic Opportunities
2.1 Abolishing Visa Requirements
The Iraqi authorities have abolished visa requirements for citizens from 37 countries, including the United States and European Union, by instituting an electronic visasystem. This is indicative of Iraq’s strategy to broaden its international reach and attract investment. Key aspects include:
- Facilitated border crossing procedures, inviting more foreign business activities.
- Targeting investments over $250 million to gain access to special financial incentives.
This aligns with Iraq’s attempt to ease the entry of foreign investors, fostering growth and economic rejuvenation.
2.2 Engaging with the IMF
Ongoing collaborations with the IMF to enhance the national economy signify changes within Iraq’s economic paradigm. In March 2025, a reported 5% GDP growth for 2024 showcases Iraq’s efforts to diversify its economy beyond oil dependency. The significance of these developments is underscored by:
- Strategies promoting non-oil revenue: Efforts to diversify agriculture and industrial sectors are pivotal for sustainable growth.
- Effective public debt management: As the Ministry of Finance engages with the IMF for guidance on tax systems and foreign capital attraction, the importance of strengthening economic sustainability comes into focus.
Evidence indicates that Iraq is progressing towards realizing an improved financial stability driven by these reforms.
The Role of The Central Bank and Currency Stabilization
3.1 Supporting the Dinar
Central to Iraq’s economic reform efforts is the necessity to stabilize the Iraqi dinarand bolster its usage in major transactions. Reports from the Central Bank affirm:
- Growth in non-oil sectors has contributed to increasing fiscal stability.
- Commitment to modernizing the banking sector facilitates improved foreign investments.
The cooperation with international financial bodies aims to realize the dinar’s potential, reinforcing its value through significant investments and financial infrastructure advancements.
3.2 Digital Transformation Initiatives
There is an ongoing digital transformation in Iraq’s financial sector, involving:
- Partnerships with global financial institutions such as JP Morgan, City Bank, and HSBC.
- Exploration of cryptocurrencies and the use of digital currency for international transactions.
Such initiatives exemplify Iraq’s commitment to integrating modern financial practices, further enhancing its appeal to international investors.
Conclusion: Significance and Future Implications
As Iraq navigates its path towards economic revitalization, the collaborative efforts with international organizations like the IMF highlight the global connectivity of financial systems. The drive towards e-governance, electronic monitoring of goods, and the strategic overhaul of visa regulations exemplify Iraq’s ambition to modernize and diversify its economy.
The implications of these reforms are not only limited to domestic stability but extend to positioning Iraq as a competitive player on the global stage. The enhanced usage of the Iraqi dinar in major transactions, supported by rigorous financial policies and transparency measures, lays a foundation for potential growth opportunities.
In summary, Iraq stands on the cusp of significant economic transformation driven by technology, reforms, and international cooperation. The ongoing changes within the financial landscape invoke a sense of optimism regarding Iraq’s economic prospects, emphasizing the need for continued vigilance and adaptation as it progresses into the global economic framework.
Key Takeaways:
- Adopting e-governance is crucial for combating corruption and facilitating trade.
- Abolishing visa requirements aids in the attraction of foreign investments.
- Collaboration with the IMF signifies a commitment to economic reform and stability.
- The Iraqi dinar’s value strength hinges on international partnerships and modernization initiatives.
Iraqi forces kill "deputy caliph," one of the world's most dangerous terrorists 3, 16 MARCH
Iraqi forces kill "deputy caliph," one of the world's most dangerous terrorists
3/14/2025
Prime Minister and Commander-in-Chief of the Armed Forces, Mohammed Shia al-Sudani, announced on Friday the killing of the so-called "deputy background operative" of ISIS and one of the most dangerous terrorists in Iraq and the world.
Al-Sudani said in a statement received by Shafaq News Agency: "The Iraqis continue their dazzling victories over the forces of darkness and terrorism, as the heroes of the Iraqi National Intelligence Service.
With the support and coordination of the Joint Operations Command and the International Coalition Forces, were able to kill the terrorist Abdullah Maki Musleh Al-Rifai, nicknamed (Abu Khadija), who holds the position of the so-called (deputy caliph, who holds the position of the so-called governor of Iraq and Syria, the head of the authorized committee, and the head of the foreign operations offices.
He added, "He is considered one of the most dangerous terrorists in Iraq and the world." LINK
CRYPTO TRADER: If you are worrying about parking your money securely for Short term before you decide on investments., 16 MARCH
CRYPTO TRADER
#IQD If you are worrying about parking your money securely for Short term before you decide on investments.
Open an account at treasurydirect and park your money with full guarantee from US govt unlike FDIC accounts which are only insured upto 250 K.
You can buy US treasuries directly from them to sell you need to have a account from broker like Schwab. Again this is what I would do. Just my thoughts.
Iraq begins project to extend gas pipeline in Basra to feed power plants, 15 MARCH
Iraq begins project to extend gas pipeline in Basra to feed power plants
3/14/2025
The Iraqi Ministry of Oil began, on Friday, a project to extend a gas pipeline in Basra Governorate, which supplies power plants.
The ministry said in a statement today that Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani Al-Sawad visited Khor Al-Zubair port today and supervised the project.
She stated that "the visit comes to follow up on the ongoing work inside Khor Al Zubair Port on the Adhraa platform, which is receiving the dry gas pipeline project supporting the power generation stations."
The statement continued, "The Oil Projects Company's staff is making great efforts to bring the project to advanced stages and implement it within the specified timeframe and according to the approved engineering and technical specifications, given its importance in supplying power plants with gas."
It is noteworthy that the project extends from the Khor Al-Zubair docks to the Shatt Al-Arab Regulator, with a length of 40 km and a diameter of 42 knots. Work is proceeding at a rapid pace on the project, within the approved standards, and is being implemented by the national effort cadres of the Company for Oil Projects (SCOP).
On Sunday, March 9, the Iraqi Parliament's Oil and Gas Committee revealed the Iraqi government's intention to import Gulf gas instead of Iranian gas following the recent US sanctions. The committee announced a project being rapidly implemented in Basra, in the far south of the country.
The waiver granted by the United States to Iraq from sanctions imposed on Iran expired on Saturday, March 8, 2025. Consequently, the Baghdad government will not be able to import the Iranian gas needed to operate power plants across the country.
Committee spokesman Ali Shaddad told Shafaq News Agency, "The Ministry of Electricity's problem is that it has established stations in Iraqi governorates that rely solely on gas, while the stations in Basra are combined and operate on gas, crude oil, and black oil, which has contributed to the stability of the electrical system in the governorate."
He explained that "the Prime Minister is personally following up on the progress of the gas pipeline project from the floating platform in Basra on a daily basis," noting that "the Ministry of Oil began work on it about 30 days ago and it will be completed at high speed within 120 days."
He added that "the completion rate has exceeded 30% so far," stressing that "the project will contribute to transporting Gulf gas in quantities of up to 200 cubic meters."
The US State Department recently confirmed the end of exemptions that had allowed Iraq to purchase electricity from Iran, as part of the Trump administration's "maximum pressure" policy against Tehran.
Washington emphasized its refusal to provide any economic relief to Iran, stating that the goal is to end the Iranian nuclear threat, limit its missile program, and prevent its support for armed groups.
For his part, Farhad Alaaldin, the Prime Minister's advisor for foreign affairs, confirmed to Reuters that "the expiration of the waiver poses temporary operational challenges for Iraq."
Alaa El-Din added that "the government is actively working to find alternatives to sustain electricity supplies and mitigate any potential outages," noting that "enhancing energy security remains a national priority, and efforts to boost domestic production, improve grid efficiency, and invest in new technologies will continue at full capacity."
For many years, Iraq has relied on importing electricity and gas from Iran, especially during the peak summer months. This relies on ongoing US waivers, which are issued multiple times each year.
In October 2024, Iraq signed an agreement with Turkmenistan to import gas in quantities of up to 20 million cubic meters per day via the Iranian pipeline network, using a swap mechanism to facilitate transportation. However, the agreement has not yet begun due to technical issues, the Ministry of Electricity recently announced. LINK
TIDBIT FROM FRANK26, 15 MARCH
Frank26
You think it's been difficult? Wait till this thing happens, oh my dear God. You're going to have to make decisions you've never made before.
How are you going to move a million dollars? How are you going to protect it? Where are you going to move it? Who's going to move it for you? Who are you going to trust? Did you calculate the taxes?
[Security and stability] is not just because of the Iraq dinar/the Iraqi monetary reform of their currency.
It's not just because of that. That's part of it yes, everybody knows what the Iraq currency is about to do. No it's not a secret. But there are other things that have brought security and stability.
FRANK26: "ALAQ ADDRESSES DEVELOPMENTS IN THE BANKING SECTOR"., 16 MARCH
KTFA
FRANK26: "ALAQ ADDRESSES DEVELOPMENTS IN THE BANKING SECTOR"......F26
The Association of Private Banks organizes a dialogue session to discuss the latest developments in the banking sector in Iraq.
3/13/2025
The Iraqi Private Banks Association organized a dialogue session to discuss the latest developments in the banking sector in Iraq, including deprived banks and fines imposed by the Central Bank. The session was attended by the Governor of the Central Bank of Iraq, Ali Al-Alaq, and representatives of banks and electronic payment companies.
At the beginning of the session, the Chairman of the Iraqi Private Banks Association, Wadih Al-Handhal, welcomed the Governor and the participants, stressing the importance of joint cooperation between the Central Bank, banks, and electronic payment companies to enhance financial stability and develop the banking system in accordance with the latest international standards.
Al-Handhal stated that the Special Committee for Assisting Deprived Banks, formed within the Ministerial Economic Council, called for the need to assist deprived banks and suspend fines imposed on them, as they are going through difficult circumstances, as everyone knows. He explained that deprived banks work daily to implement global financial requirements and are subject to daily fines, calling for these fines to be suspended and reviewed by the Central Bank of Iraq.
For his part, the Governor of the Central Bank, Ali Al-Alaq, addressed the Central Bank's measures related to banks barred from using the dollar, noting signs of optimism in discussions with the US side on this issue.
He stressed that the Central Bank supports the establishment of digital banks, with 75 banks having applied for them, contributing to accelerating the digital transformation of the banking sector in Iraq. He noted that the first phase will involve granting only one or two licenses for the purpose of experimentation and studying the problems and challenges facing these digital banks.
Al-Alaq indicated that banks are required to work to increase the rate of financial inclusion by providing modern banking services that target broader segments of society, emphasizing that the transition to a digital economy is a fundamental step towards enhancing financial stability and economic development.
DINAR EXCHANGE: 🇮🇶Iraq’s 2025 Budget: Delayed Amid Political Uncertainty 💼🇮🇶, 15 MARCH
DINAR EXCHANGE
Iraq’s 2025 Budget: Delayed Amid Political Uncertainty
Iraq’s 2025 national budget is facing significant delays due to political disagreements and the upcoming elections. Despite the Finance Ministry’s initial plan to submit the budget in October 2024, it hasn’t yet reached parliament, and it could take another two months.
Here’s what’s happening:
Parliament passed an amendment to the 2023-2025 budget in February, but over 50 lawmakers boycotted, raising legal disputes over the session’s legitimacy.
The budget delays are tied to political maneuvering ahead of elections, as different factions struggle to reach consensus.
Iraq’s heavy reliance on oil revenues complicates budget planning—falling oil prices are squeezing the country’s fiscal resources.
With these financial pressures, the need for stricter financial discipline is clear, but political tensions are making the process slow and difficult.
The question remains: will the elections clear the path for a stable budget, or will Iraq’s financial future remain in limbo?
FRANK26: "DEAR PRESIDENT TRUMP... IS THIS OK?, 15 MARCH
KTFA
FRANK26: "DEAR PRESIDENT TRUMP... IS THIS OK?".......F26
Iraq begins project to extend gas pipeline in Basra to feed power plants
3/14/2025
The Iraqi Ministry of Oil began, on Friday, a project to extend a gas pipeline in Basra Governorate, which supplies power plants.
The ministry said in a statement today that Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani Al-Sawad visited Khor Al-Zubair port today and supervised the project.
She stated that "the visit comes to follow up on the ongoing work inside Khor Al Zubair Port on the Adhraa platform, which is receiving the dry gas pipeline project supporting the power generation stations. "
The statement continued, "The Oil Projects Company's staff is making great efforts to bring the project to advanced stages and implement it within the specified timeframe and according to the approved engineering and technical specifications, given its importance in supplying power plants with gas."
It is noteworthy that the project extends from the Khor Al-Zubair docks to the Shatt Al-Arab Regulator, with a length of 40 km and a diameter of 42 knots. Work is proceeding at a rapid pace on the project, within the approved standards, and is being implemented by the national effort cadres of the Company for Oil Projects (SCOP).
On Sunday, March 9, the Iraqi Parliament's Oil and Gas Committee revealed the Iraqi government's intention to import Gulf gas instead of Iranian gas following the recent US sanctions. The committee announced a project being rapidly implemented in Basra, in the far south of the country.
The waiver granted by the United States to Iraq from sanctions imposed on Iran expired on Saturday, March 8, 2025. Consequently, the Baghdad government will not be able to import the Iranian gas needed to operate power plants across the country.
Committee spokesman Ali Shaddad told Shafaq News Agency, "The Ministry of Electricity's problem is that it has established stations in Iraqi governorates that rely solely on gas, while the stations in Basra are combined and operate on gas, crude oil, and black oil, which has contributed to the stability of the electrical system in the governorate."
He explained that "the Prime Minister is personally following up on the progress of the gas pipeline project from the floating platform in Basra on a daily basis," noting that "the Ministry of Oil began work on it about 30 days ago and it will be completed at high speed within 120 days."
He added that "the completion rate has exceeded 30% so far," stressing that "the project will contribute to transporting Gulf gas in quantities of up to 200 cubic meters."
The US State Department recently confirmed the end of exemptions that had allowed Iraq to purchase electricity from Iran, as part of the Trump administration's "maximum pressure" policy against Tehran.
Washington emphasized its refusal to provide any economic relief to Iran, stating that the goal is to end the Iranian nuclear threat, limit its missile program, and prevent its support for armed groups.
For his part, Farhad Alaaldin, the Prime Minister's advisor for foreign affairs, confirmed to Reuters that "the expiration of the waiver poses temporary operational challenges for Iraq."
Alaa El-Din added that "the government is actively working to find alternatives to sustain electricity supplies and mitigate any potential outages," noting that "enhancing energy security remains a national priority, and efforts to boost domestic production, improve grid efficiency, and invest in new technologies will continue at full capacity."
For many years, Iraq has relied on importing electricity and gas from Iran, especially during the peak summer months. This relies on ongoing US waivers, which are issued multiple times each year.
In October 2024, Iraq signed an agreement with Turkmenistan to import gas in quantities of up to 20 million cubic meters per day via the Iranian pipeline network, using a swap mechanism to facilitate transportation. However, the agreement has not yet begun due to technical issues, the Ministry of Electricity recently announced.
LINK
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