Monday, June 9, 2025
Iraq Expands Gas Projects to Curb Flaring
As part of Iraq's government-backed gas development programme, the Ministry of Oil has reported significant progress in reducing gas flaring and increasing gas utilisation.
It says the Ministry has raised associated gas capture from 53% to 70%, and dry gas production from 1,300 to 1,800 million standard cubic feet per day (mmscfd).
Key projects already completed or underway include:
The government aims to end routine flaring by 2028 and increase gas output to 3,000 mmscfd by 2030, aligning with Iraq's environmental commitments under the 2016 Paris Agreement.
In liquefied petroleum gas (LPG), production rose from 2 million tonnes in 2024 to 3 million tonnes in 2025. Exports also surged from 250,000 tonnes in 2023 to 1 million tonnes in 2025. LPG systems were installed in over 41,000 homes and more than 38,000 vehicles.
To expand storage capacity, the Ministry completed 8 of 16 spherical LPG tanks, each with a 3,000-cubic-metre capacity, adding 24,000 cubic metres overall.
The Ministry reiterated its commitment to maximise national resource utilisation, enhance electricity supply, and boost petrochemical production. Gas field contracts under the 5th and 6th licensing rounds have been awarded to international companies, alongside dozens of investment agreements to develop both associated and free gas resources.
(Source: Ministry of Oil)
TIDBIT FROM FRANK26
Frank26
Question: "Are we going to pay taxes on our dinar?" Of course you are.
In what world do you not pay taxes?
Seriously, stop.
You're dreaming if you think you're not going to pay taxes on something like this.
You're the backbone of the United States of America. You're the tax payer...How else do you think America pays its bills?
Etihad Law publishes New Guide to Sovereign Guarantees in Iraq
Etihad Law is proud to announce the publication of our new Guide to Sovereign Guarantees in Iraq.
This guide is a comprehensive introduction that highlights the key aspects related to obtaining sovereign guarantees and their role in promoting investment and encouraging major projects in Iraq's dynamic and evolving market. The guide has been prepared by the Etihad team in collaboration with legal advisors.
Iraq is experiencing a significant transition period, with a growing economy, diverse public and private sector projects, and reforms aimed at enhancing the investment environment and attracting international capital. As a strategic trade and investment hub in the region, Iraq offers significant potential in various fields, making sovereign guarantees an important tool for enhancing confidence and encouraging impactful investments.
We hope this guide will serve as a valuable resource, offering clear insights into the mechanisms of sovereign guarantees in Iraq and supporting investors in building and growing their businesses in this promising and opportunistic market.
Click here to download our comprehensive 44-page guide.
IRAQ STATUS: A BAN ON CASH PAYMENTS
IRAQ STATUS: A BAN ON CASH PAYMENTS
A ban on cash payments at government institutions will take effect early next month as part of Iraq’s push toward digital transformation.
Advisor to the Prime Minister, Salih Salman, told the Iraqi News Agency that the country has made significant progress in electronic payment systems, with bank accounts increasing to 22–23 million.
He added that Iraq is cooperating with around 30 foreign banks, reflecting deeper integration with the global financial system.
: Financial Times/ file
Iraq Prepares 97 Industrial and Agricultural Projects
As part of preparations for the Iraq Investment Forum, scheduled for 14-15 June in Baghdad, the Operations Room of the National Investment Commission (NIC) held an extensive meeting to review investment opportunities submitted by the Ministries of Industry and Minerals and of Agriculture.
97 Strategic Opportunities
The review covered 97 industrial investment opportunities worth an estimated 4 trillion Iraqi dinars. These include:
In the agricultural sector, promising investment opportunities include:
The NIC emphasised the importance of aligning the national investment map with state priorities in productive sectors and food and industrial security. The Commission called for streamlined investor procedures in coordination with relevant ministries to ensure the readiness of projects before their presentation at the forum.
The meeting was attended by members of the NIC Operations Room, representatives from the Iraqi Economic Council, and officials from the sectoral ministries.
(Source: NIC)
DINAR IRAQ RV STATUS: : PM Sudani Makes Historic Live Announcement - Dinar RV Just Got Real (Iraqi Dinar News Today 2025)
DINAR IRAQ RV STATUS : PM Sudani Makes Historic Live Announcement - Dinar RV Just Got Real (Iraqi Dinar News Today 2025)
Highlights
- 💰 The revaluation of the Iraqi dinar is officially confirmed and live, ending years of speculation.
- 🏗️ Strategic reforms—combating corruption, rebuilding infrastructure, and strengthening financial institutions—paved the way for this milestone.
- 🌍 The revaluation is a geopolitical statement, signaling Iraq’s rise as a global economic player, not just a developing nation.
- 📈 Increased purchasing power and investor confidence are reshaping Iraq’s domestic economy and banking sector.
- 💡 The shift inspires economic optimism in Iraqi citizens and the diaspora, encouraging reinvestment and long-term planning.
- 🔄 Other post-conflict nations are observing Iraq’s approach as a potential model for economic recovery and transformation.
- 🌱 The revaluation unlocks opportunities for diversification beyond oil, promoting growth in technology, education, and healthcare sectors.
Key Insights
💹 End of Speculation: The transition from myth to reality
The revaluation of the Iraqi dinar demonstrates the power of persistent long-term economic planning overcoming decades of skepticism. What many considered a “one day away” theoretical event evolved into a live and publicized shift, illustrating how patient structural reform combined with political will can yield decisive financial outcomes. This transition also marks a critical moment for Iraq to reframe its narrative from a country mired in instability to one poised for sustainable economic viability.⚙️ Economic Reforms as the Foundation of Revaluation
The video highlights the extensive behind-the-scenes reforms necessary before a currency revaluation could be credible. These included rooting out corruption, investing oil revenues judiciously, strengthening gold reserves, and reducing debt. Quietly but decisively, Iraq stabilized its banking sector by auditing reserves and aligning with international standards, laying groundwork that made a successful revaluation possible. It affirms the idea that currency strength must be backed by real economic reform and institutional discipline rather than mere market speculation.🌐 Geopolitical Impact and Regional Repositioning
The revaluation signals Iraq’s intention to depart from the role of a peripheral developing economy and assert itself as a strategic player in global markets. A stronger dinar translates to enhanced leverage in trade negotiations, oil contracts, and bilateral agreements, reshaping regional economic dynamics. Iraq’s currency now embodies not just monetary value but also national sovereignty and geopolitical agency—a meaningful repositioning with the potential to influence regional economic plans and partnerships.👪 Domestic Socioeconomic Effects: Empowering Citizens
For everyday Iraqis, the revaluation has immediate and tangible benefits—improvements in purchasing power, increased confidence in the financial sector, and a shift toward greater banking participation. The psychological uplift from owning a valued currency fosters a culture of savings, investment, and entrepreneurship, breaking cycles of economic uncertainty. The narrative spotlights how currency value can shape societal attitudes and aspirations, motivating individuals to pursue education, innovation, and long-term economic engagement.🌏 Diaspora Engagement and Economic Revival
The global Iraqi diaspora plays a crucial role in this transformation. Historically sending remittances and investing from afar, they now face greater incentives to return or reinvest with improved currency stability. The revaluation transforms remittance flows and international investment into more potent forces for rebuilding Iraq, bridging emotional ties with practical economic benefits. This underscores how currency policy can influence not only economics but also social cohesion and national regeneration.📉 Financial Markets and Investor Perception
The shift in perception from risk to opportunity has profound implications. As analysts revise models and ratings agencies improve Iraq’s outlook, foreign direct investment is expected to increase—not from sympathy but genuine interest in Iraq’s growth potential. This demonstrates how perceptions built on credible reforms and currency stabilization can catalyze inflows of capital, which are crucial for diversifying an oil-dependent economy and stimulating innovation and infrastructure development.🚀 Currency as a National Identity and Strategic Asset
The revaluation is portrayed not just as a monetary reform but as a bold statement of identity and national pride. It reflects Iraq’s belief in its own stability and growth potential, signaling a break from past dependency and external narratives. With a stronger currency, Iraq gains strategic freedom to negotiate globally from a position of strength, resist economic coercion, and protect sovereignty. This demonstrates the intrinsic link between currency value, national morale, and geopolitical autonomy, reinforcing that economic independence is central to political and cultural self-determination.
In conclusion, the Iraqi dinar’s revaluation marks a historic economic and cultural turning point for Iraq. It is a testament to the power of determined reform, national resilience, and strategic vision. This transformative moment goes well beyond currency valuation—serving as a beacon of hope and proof that even nations emerging from prolonged instability can reclaim their financial destiny and rewrite their future prospects with sustained effort and unity.
Iraq Drops To 29th Place Among Countries With The Highest Gold Holdings In The World
Iraq Drops To 29th Place Among Countries With The Highest Gold Holdings In The World
Sunday, June 8, 2025 | Economic Number of readings: 34 Baghdad / NINA / Iraq dropped one place in the ranking of countries with the largest gold reserves in the world.
The World Gold Council stated, in a table, that "Iraq ranked 29th out of 100 countries listed in the table, after it was ranked 28th globally, and ranked fourth in the Arab world after Saudi Arabia, Lebanon and Algeria."
It added, "Iraq's gold holdings amounted to 162.7 tons, representing 12.9% of its total other reserves."
The table indicated that "the United States of America tops the list of the largest gold holders in the world, followed by Germany, then Italy, while Iceland and Tobago came at the bottom of the list." / End
https://ninanews.com/Website/News/Details?key=1232246
TIDBIT FROM FNU LNU
Fnu Lnu
Article quote: "Iraq's financial sector has faced challenges in expanding its customer base and has experienced limited banking penetration, leaving a large portion of the population unbanked and dependent on informal financial systems."
When we hear glowing reports about the Digital Dinar, as hopeful as they may sound, one must contrast the reports with reality.
That reality is that only 20% of the population is actually banked. The Dinar is NOT digitized...YET. The system is not designed YET nor is any of it implemented...YET.
The snip above is from a much larger article which outlines all the difficulties involved. It does not include any talk about an RV as is the case with all the financial information I digest every week.
What Are The Reasons For The Decline In The Value Of The Issued Currency Printed In Iraq?
What Are The Reasons For The Decline In The Value Of The Issued Currency Printed In Iraq?
Economy | 08/06/2025 Mawazine News – Baghdad Data from the Central Bank of Iraq (CBI) shows that the value of Iraq's issued currency (printed) is currently at its lowest level in a year.
According to the latest statistical data on the currency issued in Iraq in April 2025, the value of the issued currency (printed) amounted to 98.4 trillion Iraqi dinars, down from 99.8 trillion Iraqi dinars in March 2025.
This value of money issued in Iraq is the lowest in two years, specifically since March 2024, when the issued currency reached 98.3 trillion Iraqi dinars. https://www.mawazin.net/Details.aspx?jimare=262289
TIDBIT FROM BRUCE
Bruce
[via WiserNow]
...we had a rate at the banks the other day on the dinar that was good. We had a really good rate. It's not where we're going to be on the redemption center screens or on the contract rate at the redemption center, but it was still quite handsome of a rate.. .
Dong is supposed to be very good...The dong will be traded at the bank...
But I don't think it's going to be as high of a rate as it would be at the redemption center, but...It'll be a very good rate...I've been told we will be pleased with those rates.
PM Al-Sudani: Iraq ready to export 80 local products
Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani announced that about 80 locally manufactured products are now ready for export, highlighting Iraq’s expanding role as a regional economic hub.
Speaking to tribal leaders during Eid al-Adha celebrations, Al-Sudani emphasized a renewed focus on improving management across various sectors, stressing that ongoing economic reforms aim to reduce Iraq’s dependence on oil and accelerate efforts toward diversification.
IRAQ UPDATE
IRAQ UPDATE
Iraq approaches WTO membership after completing comprehensive technical responses
Iraqi private banking advisor to Rudaw: There are 2,000 exchange companies that must be merged or transformed into Banks.
This is interesting…. -
Sherwan Anwar Mustafa, advisor to the Iraqi Private Banks
FRANK26: "BIG MISTAKE !!!"
KTFA
FRANK26: "BIG MISTAKE !!!"........F26
Khamenei rejects US nuclear proposal, White House warns of dire consequences
Tehran (AFP) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday that the US proposal to reach an agreement with Tehran on its nuclear program contradicts Iran's national interests.
Khamenei said, "The proposal (regarding Iran's nuclear program) put forward by the Americans is 100% inconsistent with our slogan 'We can,'" stressing that Iran is not waiting for the American "green light" to make its decisions.
The White House warned Iran on Tuesday of "serious consequences" if it rejects a proposal by US Middle East envoy Steve Witkoff aimed at reaching an agreement on its nuclear program.
The White House said that "Wittkoff sent a comprehensive proposal to Iran, and it should accept it."
Meanwhile, White House spokeswoman Caroline Leavitt said Tuesday that US President Donald Trump intends to attend the NATO summit, scheduled for later this month.
Regarding the Iranian nuclear issue, 10 sources familiar with Iran's nuclear activities, including officials, diplomats, and analysts, believe that the success of any agreement depends on addressing these ambiguities for the International Atomic Energy Agency.
The IAEA's quarterly reports reveal that the main ambiguities are the lack of knowledge about the number of centrifuges Iran possesses, or the location of their production and storage. The agency has also been unable to conduct surprise inspections at sites Iran has not declared.
TIDBIT FROM KAPERONI
Kaperoni
Article: "Al-Atwani: Iraq's integration into the international financial system is no longer an option, but rather a necessity to enhance confidence in the national economy."
----
Article: "Ali Al-Alaq: We are working on creating a digital currency for the Central Bank to gradually replace paper currency" Question: "Assuming this happens, will we need to turn in our currency and allow it to be converted to digital?
If so, where will it be held?"
No, the physical paper will always remain outside the country. That was part of their agreement to sell it to build their own reserves.
We talked about this several years ago. Saleh stated the physical dinar currency would go into central banks around the world.
The digital transformation in Iraq is only for them. The reduction of physical dinar could take several years in Iraq.
Keep in mind that notes that we hold such as 25,000 notes will always be their printed value. The exchange rate to US dollars should gradually increase based on Iraq's economic growth (economic renaissance) and success over time and the development of their banking system.
https://dinarevaluation.blogspot.com/2025/03/tidbit-from-kaperoni-22-march.html
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🌟 FIREFLY UPDATE: Iraq’s Currency Shake-Up Could Reshape the Economy 💰 #frank26 #dinarrevaluation
Read also: Q & A WITH GINGER ABOUT HOW PEOPLE WILL RECEIVE NOTIFICATIONS AND THE PROCESS IN THE REDEMPTION CENTERS
