Tuesday, March 25, 2025
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."
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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“Frustration over the lack of #IQD evaluation is real, and we understand how disheartening it feels for all Of us waiting for clarity. The uncertainty can be tough,. Hang in there—we’re in this together. #IQDRevaluation #InvestorSupport”
Monday Coffee with MarkZ. 03/24/2025, 25 MARCH
Monday Coffee with MarkZ. 03/24/2025
Mar 24
Monday Coffee with MarkZ. 03/24/2025
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: Good morning Mark and mods and everyone!
Member: Dear God let this be the week we are waiting for!!!!!
Member: GM everyone! is it time to break out some laxative to give the powers that control RV so things will get " moving" along?
Member: The anniversary of Kuwait revaluation was today.
MZ: I am hearing interesting things on the bond side but they have not fully pulled the trigger yet. No individual bond holders running around with lots of money…..yet.
MZ: There are a couple of bond “flippers” who are offering exponentially more than they have ever offered before. They are offering roughly half of what the bonds are actually thought to be worth. Flippers would not do this if they thought they would be out that money for a long time. I find that encouraging that we are close .
MZ: The folks working with the treasuries and Central banks….they have gone silent…Zip. The only people willing to talk are the flippers.
MZ: Group leaders continue to work on the travel arrangements . These group leaders will process the groups as they go through. It doesn’t tell us when…just that we are getting closer.
MZ: Many are already in transit and others are leaving soon. Remember not all bonds have to be paid for us to get notifications to go.
MZ: Remember I was told that 90% of Americans will have an exchange center less than 50 miles from their house.
Member: Is anyone getting paid at all?
MZ: How do I answer that without getting into trouble? I think that is all I need to say.
Member: What is your gut telling you Mark about timing?
MZ: My gut feeling is telling me in the next few days to weeks we should have already been to the banks. But I have not been told a firm date from anyone.
Member: Do you think that when the RV phone number comes out there will be a lot of people getting a busy signal the first time they call the number?
Member: It would make sense to have a large call center for us….for at least the first month.
Member: Mark, WHAT are we actually waiting for? What other processes need to be completed by Iraq?
Member: MM dropped a good one last night. Looks like Sudani is pushing to wrap things up.
MZ: ”After a break of more than a month- the Parliamentary confirmation of the convening parliamentary session is today” They are back at it in Iraq and seem to be pushing forward on key pieces. .
MZ: “All indications indicate that today’s session will be held and the Polpular Mobilization law will be read” This is one of the big sticking points of the US and World Bank to give the “GO” and it may be squared away today.
MZ: “Officially voter registration to begin tomorrow” There are upcoming elections in Iraq. They are updating all of their voter registration logs. And they are using new biometric ID’s.
Member: Sure as heck hope Sudani and Alaq get the RV done before their elections……or we may never get the RV
MmZ: “The Ministry of oil announces the establishment of a fixed platform for the important export of gas to Basra” They are adding another floating dock to move away from Iranian gas imports.
Member: So are we still signing an NDA at our exchange?
MZ: We have no idea what it’s going to look like or even if it’s going to exist. Most of my banking contacts are telling me there will only be an NDA on our projects funds on the Zim.
Member: I’m prepared in case. Loose lips sink ships.
Member: On Telegram, there is a rumor of tier 4B being paid out this week.
Member: Still praying the RV happens before Tax day on April 15th.
Member: There is always the rumor of the St Germaine trust opening at Easter time….but hope things don’t take that long.
Member: Another rumor of March 31 is deadline for RV start
Member: March 31st is end of 1st Qtr; does that mean anything?
Member: We are locked and loaded…Come on RV let’s go!!!!
Member: Everyone have a great day today.
Mod: Remember no podcasts on Monday and Friday Nights now. See everyone in the morning
TIDBIT FROM MILITIAMAN, 25 MARCH
Militia Man
Article: "Minister of Reconstruction: A liquidity crisis in Iraq due to the storage of more than 80% of the currency at home."
Fact, there was video out from Iraq that showed they were destroying currency, perfectly good currency. Was around 2018-2019. You can't find that video, at least haven't...
They were bragging about the fact that they were destroying money, 25K notes etc...I'm not sure they've disclosed specifically how much they destroyed. I've never seen that. I've always looked for it, never see it, never have seen it. It's hard to state 80 trillion is truly in mattresses...80 trillion laying around the country hiding? I don't think so.
Iraq's Oil Exports To The US Last Week Exceeded 200,000 Barrels Per Day, 25 MARCH
Iraq's Oil Exports To The US Last Week Exceeded 200,000 Barrels Per Day
Sunday, March 23, 2025 11:07 | Economic Number of reads: 255 Baghdad / NINA / The US Energy Information Administration announced, on Sunday, an increase in Iraqi oil exports to the United States during the past week.
The administration said in a table, "The average US imports of crude oil during the past week from 8 major countries amounted to 4.673 million barrels per day, a decrease of 904 thousand barrels per day compared to the previous week, which averaged 5.577 million barrels per day."
It added that the average "Iraqi oil exports to America increased significantly, reaching 202 thousand barrels per day, an increase of 32 thousand barrels per day compared to the previous week, which averaged 170 thousand barrels per day."
The administration indicated that "the largest oil revenues to America during the past week came from Canada, followed by Colombia, Venezuela and Saudi Arabia."
According to the table, "the amount of US imports of crude oil continued from Mexico, Nigeria and Brazil at lower rates." / End https://ninanews.com/Website/News/Details?key=1193490
Vietnam: Southeast Asia's Hidden Economic Powerhouse on the Verge of Revaluation, 25 MARCH
Vietnam: Southeast Asia's Hidden Economic Powerhouse on the Verge of Revaluation
Vietnam continues to amaze global investors and economic experts, solidifying its position as an emerging powerhouse in Southeast Asia despite the current undervalued status of its currency (VND currently stands at 0.000039 USD, considered a junk rate).
Recent strategic moves highlight Vietnam's growing appeal, with Prime Minister Pham Minh Chinh meeting senior executives from 64 leading US companies—including Apple, Boeing, Meta, Coca-Cola, Nike, and Amazon—to strengthen international economic ties.
This extensive engagement signals robust investor confidence and underscores Vietnam’s ambition to be the "Luxembourg of Southeast Asia," positioning itself as a critical manufacturing and financial hub.
The US business delegation, marking the largest-ever trade mission to Vietnam, reinforced America’s keen interest in green technology, sustainable development, digital economy, and artificial intelligence, areas poised for exponential growth.
Celebrating three decades of US-Vietnam ties, bilateral trade reached nearly $150 billion in 2024, surging over 20% year-on-year. Vietnam's commitment to regulatory reform, streamlining administrative procedures, and offering attractive investment incentives further solidifies its economic outlook, potentially leading to a significant revaluation of the Vietnamese Dong (VND).
Vietnam is not only deepening relations with the US but also actively engaging economic giants like China and the United Kingdom to learn best practices and boost innovation.
The government's ambitious growth targets, including achieving an 8% GDP growth rate this year and double-digit growth in coming years, suggest a revaluation of the VND may soon align with Vietnam's impressive economic trajectory. With rapid developments across sectors and heightened global interest, investors worldwide eagerly anticipate Vietnam's next financial milestone.
Read more here ➡️ VNS
Iraq Denies Any Connection To Oil Tankers Seized With Forged Documents., 25 MARCH
Iraq Denies Any Connection To Oil Tankers Seized With Forged Documents.
Iraqi Oil Minister Hayan Abdul Ghani revealed that Baghdad received verbal messages from Washington regarding the US Navy's seizure of tankers carrying Iranian oil in the Gulf using Iraqi documents, stressing that Iraq informed the United States that these documents were forged.
Abdul Ghani explained, in a television interview, that some Iranian traders use fake documents, but that Iraq has nothing to do with these operations. He confirmed that the State Oil Marketing Organization (SOMO) monitors all its shipments via satellite, emphasizing that export operations through the company are transparent, as sales are only made to companies that own refineries, which distinguishes Iraq from others.
The minister indicated that some traders attempted to change the destination of shipments to take advantage of price differences between Asian and European markets, but SOMO took strict measures against them, including blacklisting some of them. He stressed that the company did not commit any violations in the export operations. https://www.radionawa.com/all-detail.aspx?jimare=41459
TIDBIT FROM MNT GOAT 25 MARCH
Mnt Goat
How will this...the digital dinar... impact the dinar paper we, as investors hold outside of Iraq?
Any country’s government or individual citizens owning the dinar paper outside of Iraq will NOT have to turn it into the banking system. There will be NO given window timeframe when it is best to do so.
There will be no urgency. The banks will still use the paper when needed since not all countries will be digitized...There is NOT going to be a HARD window and a definite time period. I wanted to make this very clear...
Baghdad Informs Washington: Iran Used Iraqi Documents To Sell Its Oil, 25 MARCH
Baghdad Informs Washington: Iran Used Iraqi Documents To Sell Its Oil
Energy Economy News – Baghdad Following accusations against Iraq regarding SOMO's involvement in selling Iranian oil as Iraqi oil to help Tehran circumvent sanctions, Oil Minister Hayan Abdul Ghani revealed US-Iraqi talks on the matter.
Abdul Ghani said, "US naval forces seized Iranian tankers carrying oil and found documents indicating that it was Iraqi oil, even though it was Iranian."
Forged Documents
He added in statements to state television yesterday that "it later became clear that these documents were forged, as these Iranian tankers had forged them to sell oil to international companies as Iraqi oil."
He also confirmed that the Iraqi authorities "spoke with the American side to clarify the details of this case, and that Iraq has nothing to do with it." He explained that the American side understood the matter.
Oil Refinery In Iraq
These statements came after information emerged in recent months about SOMO's involvement in exporting and smuggling Iranian oil, amid threats of US sanctions against the company. SOMO had previously denied these accusations.
On the 19th of this month, the Iraqi Navy announced the seizure of an unidentified vessel in Iraqi territorial waters in the Gulf, suspected of smuggling fuel.
It's worth noting that since the US unilaterally withdrew from the 2015 nuclear agreement, Washington has tightened its sanctions on Tehran and reimposed stifling restrictions on certain sectors, particularly oil. https://economy-news.net/content.php?id=53726
ARIEL: The Gold Standard, a Return to Real Wealth, 25 MARCH
ARIEL: The Gold Standard, a Return to Real Wealth
The Gold Standard: A Return to Real Wealth
America re-adopting the gold standard means every dollar is backed by tangible gold, not just government promises. Historically, the U.S. abandoned the gold standard in 1971 under Nixon, leading to decades of inflation $1 in 1971 is worth about $7.50 today.
Now, with gold backing the dollar, your money holds real value. Imagine walking into a store knowing the $100 in your pocket won’t lose purchasing power overnight. For families, this means savings grow, not shrink.
Businesses can plan long-term without fearing currency devaluation. Globally, the dollar regains trust nations like China and Russia, who’ve hoarded gold (China with 2,200 tons, Russia with 2,300 tons as of 2024), will trade with the U.S. on equal footing, stabilizing markets and reducing economic warfare.
Picture this people. Our dollar buys more, gas is cheap, and jobs are plentiful. A family of four in Ohio, earning $75,000 a year, now has an extra $5,000 annually from lower costs and tax breaks tied to Trump’s policies. You’re driving to work in a new American-made car tariffs incentivized Ford to build locally, dropping prices 10%.
Your kids’ school has new tech, funded by transparent blockchain taxes. You’re planning a vacation to Europe, paying with XRP at a fraction of the cost, while the dollar’s gold-backed strength makes everything cheaper abroad. Small businesses thrive Joe’s Diner in your town doubles its staff because people have more to spend.
The world follows America’s lead. Nations like Brazil and India, inspired by the U.S. gold standard, start backing their currencies with assets, stabilizing their economies. Oil-rich countries like Iraq and Venezuela, forced to compete with U.S. production, lower prices and invest in their people Iraq’s revalued dinar could lift millions out of poverty,
with citizens buying American goods in a booming trade loop. Blockchain adoption spreads: the EU launches a digital euro on Ripple’s tech by 2026, cutting remittance costs for 450 million people. Global wealth gaps narrow as c********n becomes harder to hide, and trade becomes fairer America’s Liberation Day sparks a global renaissance.
April 2nd, 2025, isn’t just a date it’s the start of a golden age. Americans live with financial security, energy abundance, and technological empowerment. Our dollar is king again, your job is secure, and your family thrives in a world where wealth flows to the people, not the elites. Globally, nations align with this new system, creating a web of prosperity that lifts billions. This is the real wealth Trump spoke of not just money, but a life of dignity, opportunity, and freedom, reclaimed from decades of mismanagement. The future is bright, bold, and ours to seize. Expect big things in the future.
FRANK26: "ERNST & YOUNG IS EXCITED ABOUT 1310... LOL!!!", 25 MARCH
KTFA
FRANK26: "ERNST & YOUNG IS EXCITED ABOUT 1310... LOL!!!"......F26
The Iraqi government is listening to proposals to establish a new bank called "Rafidain First."
3/23/2025
The Iraqi government received financial and technical offers on Sunday to begin work on establishing a new bank called "Al-Rafidain First."
This came during a meeting chaired by Al-Sudani to follow up on reform measures at the Rafidain and Rashid banks, attended by representatives from Ernst & Young, according to a statement issued by Al-Sudani's media office.
The statement added that the meeting reviewed the progress made in the banking reform process, which the government has adopted to restructure and develop Rafidain and Rashid banks. It also discussed revising their internal regulations to ensure they are in line with international standards and the objectives of banking reform. It also discussed the issue of private debts in the two banks, their repayment mechanisms, and the measures taken to train their staff.
In this regard, the Prime Minister directed the two banks to continue their reform process, and for their managements to develop strategies that contribute to accelerating the reform process.
The meeting also followed up on the procedures for establishing a new bank called Rafidain First Bank.
The Council of Ministers, in a session held on January 13, approved the establishment of this bank, with a different vision that embraces modern technologies and international standards to help implement the government's financial and banking reform objectives, which will have a positive impact on the country's economic trajectory and development.
The statement indicated that Ernst & Young submitted a report in which it reviewed the financial and technical offers for the project to establish the First Rafidain Bank.
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"IRAQ MONETARY REFORM... IMPRESSIVE!!!".........F26
Outcomes of the Sudanese meeting on reforming the Rafidain and Rashid banks
3/23/2025
Baghdad
Prime Minister Mohammed Shia al-Sudani chaired a meeting on Sunday to follow up on reform measures for the Rafidain and Rashid banks, with representatives from Ernst & Young in attendance.
The meeting reviewed the progress of the banking reform process adopted by the government to restructure and develop Rafidain and Rashid banks, and discussed revising their internal regulations to be in line with international standards and the objectives of banking reforms. It also discussed the debts of the two banks and their repayment mechanisms, as well as the measures taken to train their staff. In this regard, the Prime Minister directed the continuation of the reform process for the two banks, and for their administrations to develop strategies that contribute to accelerating the reform process.
The meeting also followed up on the procedures for establishing a new bank, Rafidain First Bank, which was approved during the Cabinet session held on January 13. The bank's vision is to adopt modern technologies and international standards that will help implement the government's financial and banking reform objectives, which will have a positive impact on the country's economic trajectory and development.
Ernst & Young submitted a report reviewing the financial and technical offers for the project to establish the First Rafidain Bank.
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