Saturday, April 19, 2025
IRAQ NEWS HEADLINES: A company will be designated to assess oil production costs in the Kurdistan Region, 20 APRIL
IRAQ NEWS HEADLINES
A company will be designated to assess oil production costs in the Kurdistan Region during a meeting on Saturday between Iraq’s Oil Ministry,
the KRG Ministry of Natural Resources, and APIKUR, Narmin Marouf, member of the Iraqi Parliament’s Finance Committee, told Zoom News.
FIREFLY & FRANK26 UPDATE, 20 APRIL
Frank26 (KTFA)
[Iraq boots-on-the-ground report]FRANK: ATMs are now in position. They’re bringing them forth. Not all are out I know but just curious, do you think they have the lower notes in them right now?
FIREFLY: Mr Sammy wants you to know IHO no lower notes in them yet. But soon.
FRANK: Smile!!!
I am concerned about the budget which I believe has the origin, which I believe has the new exchange rate and I am concerned about the gazette which I believe is hiding the new exchange rate. Everything else waits for the new exchange rate.
The dong? Oh my goodness. I have a feeling next month in May we’re going to be talking about the dong. I hope we’re done talking about the Iraqi dinar pretty soon…But the dong? Oh my word…
The most prominent of which are "thorium and uranium"... Iraq: Our natural resources are estimated at (16) trillion dollars, 20 APRIL
The most prominent of which are "thorium and uranium"... Iraq: Our natural resources are estimated at (16) trillion dollars.
The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Friday that Iraq ranks ninth globally among countries rich in natural resources, while pointing to a move to invest in strategic minerals whose revenues rival those of oil .
According to the official agency, the Prime Minister's financial advisor, Mazhar Mohammed Salih, "Iraq ranks ninth among the world's ten richest countries in terms of natural resources, with its wealth in precious metals, minerals, and other resources estimated at at least $16 trillion, according to preliminary global estimates ."
He pointed out that "Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer of its vast and diverse geography, particularly in the Mesopotamia Basin region, which is rich in underground resources ."
He explained that "investing in strategic minerals such as thorium and uranium could generate returns comparable to those of oil, as thorium is a cleaner and more important alternative for energy generation compared to uranium." He noted that "linking the value of the national currency to investment in these minerals depends on Iraq's ability to enter value-added chains, which contributes to raising the gross domestic product ."
He added that "the discovery of large quantities of thorium and uranium in southern Iraq represents 'strategic news' that will have a significant impact on diversifying the national economy if exploited optimally, especially if linked to the investment policies associated with the Development Road Project ."
Saleh emphasized that "advancing the exploration and manufacturing processes for these two resources will pave the way for the development of non-oil resources, enhancing Iraq's global geo-economic position. Furthermore, this development will chart the outlines of a new industrial map linked to the path of development, establish a sustainable future, attract major global mining companies with advanced technological capabilities, and provide quality job opportunities within the Iraqi market ."
He pointed out that "this boom in mineral investment will have a positive impact on fiscal and monetary policy, by enhancing monetary stability and increasing national income, which will contribute to improving citizens' well-being ."
He continued, "The importance of thorium and uranium minerals in the global energy market, and the presence of major economic partners such as India, China, and the United States, make Iraq a pivotal player in the field of unconventional fuel resources and an influential center in facilitating international security and energy paths link
GOLDILOCKS: Iraq and Vietnam are already set up and making new modifications on their already "in place" digital platforms., 20 APRIL
GOLDILOCKS
As you can see, Iraq and Vietnam are already set up and making new modifications on their already "in place" digital platforms.
An open banking system makes this all possible and these two countries have come along way since their conception.
We are witnessing some of their final digital transformation processes.
© Goldilocks
Al-Karawi: Failure to send budget tables is a constitutional violation. 19 APRIL
Al-Karawi: Failure to send budget tables is a constitutional violation.
Member of the Parliamentary Finance Committee, MP Mustafa Al-Karawi, confirmed on Friday that the government's delay in sending the budget tables constitutes a clear violation of the provisions of Article (77/Second) of the Budget Law, calling on the House of Representatives to take its role in holding the government accountable for this legal violation.
Al-Karawi told Al-Maalouma, “The government was legally obligated to submit budget schedules before the end of the previous fiscal year, but four months have passed without it complying with this, which constitutes a clear violation of the law and a failure to fulfill its constitutional duties.”
He added, “The delay in the 2024 and 2025 budget schedules is a serious indicator of administrative and oversight shortcomings within the relevant projects government institutions, which negatively impacts and implementation plans.”
Al-Karawi pointed out that “90% of the budget depends on oil revenues, at a time when the global market is experiencing sharp fluctuations, which makes basing a three-year budget on an unstable resource an ill-considered move.”
He pointed out that "the 2024 budget arrived late, was sealed by prior political agreement, and was not subject to a genuine review within Parliament. Despite containing fundamental problems, the results of which have begun to become apparent through the suspension of projects and the delay in referral and implementation."
Al-Karawi stressed that “Parliament is required to exercise its oversight role and hold the government accountable for this negligence, which could cause significant harm to the national economy and development plans.” link
IRAQ AND BLACK MARKET STATUS, 19 APRIL
IRAQ AND BLACK MARKET STATUS
Iraq was given until June to kill the black market.
Dollar smuggling. Sanction evasion. Parallel FX rates.
It all ends by summer—or Iraq gets cut out of the new system.
And guess what?
They’re not waiting till June.
They’re moving now:
•The budget law was amended this week—quietly unlocking backlogged payments.
•The KRG oil meeting is set for April 19—and it’s only happening because payment terms are being honored.
•OPEC cuts just hit—meaning Iraq can’t afford any more time lost to internal disputes.
•And the U.S. is watching every transaction—forcing Iraq into full compliance, fast.
So here’s the real play:
They can’t reveal a new IQD rate until the black market dies.
But they also can’t wait until June.
The cleanup window is already closing.
The rate needs to be live and locked before they hit the final review.
We’re in the pre-reveal window right now.
Everything happening in April and May is a setup.
The only question left is when the signal drops.
Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization. , 19 APRIL
Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization.
4/19/2025 - Baghdad
During his participation in the specialized workshop held by the Ministry of Trade to discuss Iraq's accession to the World Trade Organization, Samir Al-Nusairi, Economic and Banking Advisor, emphasized the role of the banking sector in contributing to accelerating Iraq's accession to the organization and the important role of the financial and banking sector in it.
He pointed to the measures achieved in 2023 and 2024 by the Central Bank in cooperation with the government, mainly regarding the regulation of foreign trade financing, the electronic platform, and direct work between banks and international correspondent banks, based on the approved reform and development methodology, official data, and monetary policy indicators for 2024 and the plan for 2025 and 2026, in cooperation with international consulting companies specialized in this field, and compliance with financial globalization and international standards adopted by WTO member states.
Al-Nusairi explained the main points of the banking reform project launched by the Central Bank this month in the presence and participation of the Prime Minister.
He pointed out the customs war launched by the US administration and its effects in the medium and long term on the principles of unifying customs duties.
Customs duties of the member states of the organization, and what are the means of confrontation that will be adopted by the World Trade Organization and the CAT organization concerned with regulating customs duties at the international level.
The workshop was attended by members of the National Governmental Committee for Joining the Organization, in which Iraq currently holds observer status along with 21 other countries, out of 166 countries with full membership. Representatives of relevant ministries, the private sector, and unions were also present. LINK
TEXAS SNAKE: " The bond releases is directly related to our RV" , 19 APRIL
April 18
Texas Snake
Banker is indicating that he may have some evidence regarding
the long awaited bond releases this weekend, he will advise on Sunday, but the bond releases is directly related to our RV of currency so I will relay what I hear ASAP upon my notification.
Will open for a very short for any comments regarding if anyone as supporting intel.
9:01 PM
The Security and Defense Exhibition kicks off in Baghdad with the participation of 150 Arab and foreign companies , 19 APRIL
The Security and Defense Exhibition kicks off in Baghdad with the participation of 150 Arab and foreign companies
4/19/2025
The 13th edition of the Security, Defense, Military Industries, and Cybersecurity Exhibition kicked off on Saturday at the Baghdad International Fairgrounds, with broad international participation, led by the United States, China, and Iran.
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Sabah al-Numan, told Shafaq News Agency that this year's exhibition will host 150 companies representing 20 Arab and foreign countries, in addition to 65 Iraqi companies.
He explained that the government is clearly moving towards encouraging local military production, while attracting international expertise to support the country's military manufacturing process .
Al-Naaman pointed out that the Military Industrialization Authority has witnessed a "qualitative leap" over the past few years, as it now equips most security agencies with weapons and ammunition of various calibers, in addition to other military equipment.
He considered the exhibition to be "an opportunity to exchange expertise and learn about the latest technologies from foreign companies" in the fields of weapons, ammunition, and surveillance and control systems.
The military spokesman noted that the Iraqi security apparatus "has begun to capitalize on developments in cybersecurity technologies," emphasizing that attention is no longer limited to conventional armament, but rather includes the technological dimension, which is taking "an ever-increasing place" in the national defense structure. LINK
TIDBIT FROM BRUCE, 19 APRIL
Bruce (The Big Call)
On redemption center screens – 17 currencies – that are going up substantially in value…the Dinar – Obviously one of them…the Dong – another great one…The other ones are going up and be somewhere in the vicinity of 4 or $7… Dinar will be much higher…Dong is going to be higher…
Weekend Coffee with MarkZ. 04/19/2025, 19 APRIL
Weekend Coffee with MarkZ. 04/19/2025
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! Happy Saturday and Happy Easter Weekend!
Member: Good morning Mark, Mods and everyone
MZ: We spend the first hour cutting up with Matt and Lucas and CBD Guru’s today...then the news.
MZ: Not a lot of news this morning….possibly because its Easter weekend. The bond side was very quiet overnight.
MZ: There are some very happy bond holders….and we are seeing movement. It is all positive.
MZ: I do have a group facilitator….one who is helping with the process, who is traveling this weekend (very unusual over Easter) to the Midwest. I am hoping this is indicative of timing.
Mark, do you think they’ve reached the 30% threshold on the bond movement? thanks
MZ: I do not think they have reached 30% yet….but we are really close to it.
Member: If the bond holders are very close to the 30% threshold, April still may be our month.
MZ: I think it still looks good for this month.
MZ: We do have some interesting articles coming out of Iraq.
MZ: “Al-Nusairi confirms that the Central Bank's approach to banking reform and development contributes to accelerating Iraq's accession to the World Trade Organization. “ It was kinda stalled. We were told they were ready….and now they are openly talking about it again. Curious timing……they are talking about monetary reforms everywhere…..and bringing the dinar back to its former glory.
Member: Why do they keep coming up with new banking reforms that need to be implemented just when we think they are done?
Member: Iraq is #10 in the world in Natural Resources/ Sq KM...
MZ: “Trade: Launching farmer’s dues with an electronic payment system” they are modernizing their agricultural system… this is a big thing. Its one of the major legs to support the value of their currency and stablility of the country. .
MZ: This is another one we were told is big news: “Parliamentary Security: Restructuring of controls has hit its final stage” they are removing some checkpoints at borders…and adding others. They have to control their borders. Especially their financial borders. Controlling the borders is important before releasing the RV.
Member: r they ever going to let us see the revalue (RV) ????‽????????
Member: I think the plan has changed several times, they did not expect this many people to be aware of the exchange and they are adjusting as they go.
Member: Per Mike Bara, saying the bonds don’t have to go first. Everything goes at once now!
Member: Remember the commercial where the guy is holding a fishing pole with a dollar on the end & ya just can’t reach it? Feel like that sometimes but the pole has a dollar, humanitarian project, & MedBed
Member: we do need to rip the bandaid off yes it will hurt but feels better after it's off
Member: My Wells Fargo wealth manager is ready for me, he knows what's about to happen. My team is standing by my lawyer, my pastor, my tax advisor, and a friend who's cop. Let's go!!!!!
Mod: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com SERIOUSLY, MARK NEEDS A LITTLE TIME FOR HIMSELF FOR REST AND REC. THANK YOU!!
Member: Hope everyone has a wonderful Easter weekend. Enjoy family and friends and the great outdoors…..God bless.
Member: I hope all experience the blessings of Easter this weekend!
AJ UPDATE, 19 APRIL
AJ
Iraq must introduce a replacement for its paper currency before revaluing the dinar.
A revaluation with only the current paper currency would disrupt the economy, as the 1,000 IQD note, comparable to a $1 bill, would jump to $1,000 in value at a 1:1 exchange rate with the USD making change for everyday transactions would be impossible, rendering the economy dysfunctional.
Remember the CBI announced
Al-Alaq revealed in late February that the CBI is planning to create a digital currency to replace paper notes in transactions with central banks.
The Iraqi official added that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.
Al-Alaq revealed in late February that the CBI is planning to create a digital currency to replace paper notes in transactions with central banks.
The Iraqi official added that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.
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