Monday, June 30, 2025
Kurdistan employees' salaries will be paid within the next two days
Kurdistan employees' salaries will be paid within the next two days.
An informed government source revealed, today, Sunday (June 29, 2025), that the federal government will pay May salaries to Kurdistan employees within the next two days.
The source told Baghdad Today, "The federal government will pay the salaries of the region's employees within the next two days, even before the oil agreement is finalized, for humanitarian purposes."
He added, "If an oil agreement is reached between Baghdad and Erbil, the audit and accounting department of the federal Ministry of Finance will review the lists sent by the regional Ministry of Finance, and within days, will release the June salaries."
He pointed out that "the federal government delegation pledged that the region's salaries would be paid monthly, along with those of employees in other Iraqi governorates, without a single day's delay, subject to the oil agreement and the delivery of 50% of domestic revenues, provided they are digitally deposited into the Ministry of Finance's bank account daily." link
TIDBIT FROM MNT GOAT: “IRAQ IS DEVELOPING PLANS TO DEVELOP ITS TRADE POLICY LOCALLY AND GLOBALLY.”
Mnt Goat
Article: “IRAQ IS DEVELOPING PLANS TO DEVELOP ITS TRADE POLICY LOCALLY AND GLOBALLY.”
Quote: "The Ministry of Trade announced plans on Saturday to develop infrastructure by digitizing services to accelerate trade and reduce costs.
While indicating that the next phase requires political will and economic stability to prepare Iraq for an effective partnership in the global economy,
the Ministry emphasized the need to strike a balance between protecting the national economy and global openness, as well as preparing for accession to the World Trade Organization."
A significant decline in the volume of foreign loans, and Iraq is in the green side in international credit standards
A significant decline in the volume of foreign loans, and Iraq is in the green side in international credit standards.
Iraq's external financial policy has improved its global credit rating, with external debt declining to approximately $10 billion. Despite the rise in domestic debt, economists assert that it poses no risk, thanks to the government's ability to set interest rates and schedule repayments.
The Iraqi government's foreign financial policy appears to be improving, as evidenced by a decline in foreign borrowing rates. This decline raises Iraq's global credit rating, which is based on the size of the debt and the country's ability to repay interest.
Economist Abdul Rahman Al-Mashhadani says, "The decline in external debt is a positive indicator, and it is not measured in this year, but rather over the past three years, when it fell to less than $30 billion, putting Iraq in the green."
Meanwhile, figures show an increase in the value of domestic debt, which the government has borrowed from financial institutions to finance projects and cover the financial deficit in the annual budgets. However, economic readings confirm that domestic loans do not pose a risk, given that the government determines the interest rate and carefully sets the repayment schedule. However, they remain within the framework of debt that must be repaid. Based on this, the Parliamentary Finance Committee emphasizes the need to deal with the available financial liquidity.
Finance Committee member Moein Al-Kadhimi said, "Based on what the government has at its disposal, it must act within its limits. This way, there is no budget deficit, there is ongoing funding for projects, and no new projects are initiated, while simultaneously funding the operating budget."
The size of foreign loans amounts to approximately $10 billion, which currently places Iraq at a (B-) rating, given that the size of foreign loans for 2023 exceeded $20 billion. This means that this decline is attributed to the government's good handling of foreign loan repayments, placing Iraq at a better credit rating than before. link
DINAR REVALUATION UPDATE: POTENTIAL FUTURE RV : RV,July first basket Dinar 4.50 THEN ANOTHER Reset sept-Nov 1:1
DINAR REVALUATION UPDATE:
POTENTIAL FUTURE RV
RV,July first basket Dinar 4.50 Reset sept-Nov 1:1 2 times
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[via PDK] Article: "Within two days, departments will no longer accept cash. As the Iraqi government transitions to a cashless..--
In Iraq, inflation is significantly lower than 3%. That's excellent. It serves as a revaluation indication
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Iraq Seeks To Reduce Gas Flaring To Zero.
Iraq Seeks To Reduce Gas Flaring To Zero.
Energy The Ministry of Oil announced on Wednesday the government's efforts to
increase associated gas investment rates and
reduce flaring rates,
achieving zero flaring, while also
increasing liquefied natural gas production and exports to
generate additional revenue for the state treasury.
“The government and the ministry are keen to
increase the investment rates of associated gas from oil fields and work to
reduce gas flaring to low levels, leading to
zero flaring in the next few years,
in addition to
increasing the production and export rates of liquefied gas to
generate additional revenues for the state treasury,” said Ezzat Saber Ismail, Undersecretary of the Ministry of Gas Affairs, during a leadership meeting for the gas sector, attended by heads of relevant companies and departments at the ministry’s headquarters.
He added, "The gas investment sector has achieved advanced levels of production, as national companies have been able to raise gas investment quantities to 71%, through the implementation of a number of projects that aim to achieve the Ministry's plans in this regard."
He pointed to "the interest the gas sector receives from Prime Minister Mohammed Shia al-Sudani and Oil Minister Hayan Abdul-Ghani al-Sawad,
" expressing his hope that
"the ministry will achieve its goals through projects implemented by national companies in cooperation with specialized international companies, particularly in the Maysan, Buzurgan, Gharraf, and Nasiriyah fields in Dhi Qar, Artawi, Nahr Bin Omar, and the integrated gas project with Total in Basra, in addition to the projects of the fifth licensing rounds."
The Undersecretary of the Ministry stressed the
"need to enhance liquefied natural gas storage capacity by
accelerating the implementation of ongoing and planned projects in a number of governorates,
in order to strengthen the integrated infrastructure of this sector,
which has witnessed significant achievements in projects to
increase production, storage, export capacities, and distribution outlets." He explained that
"the Ministry has recently succeeded in implementing a number of gas pipeline projects to power plants, which aim to achieve high flow rates in the transport and pumping of gas."
The statement added, "The meeting included a review of the
projects being implemented within the ministry's programs and plans, the
percentages of completion achieved, dry and liquid gas production rates,
storage energy projects, the pipeline network, and
gas transportation to power plants, in addition to the topics included on the agenda."
views 143 Added 06/25/2025 - https://economy-news.net/content.php?id=56606
FIREFLY: Television is reminding us Iraqi citizens that starting July 1st all government agencies will not accept any cash payments!!!
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Television is reminding us Iraqi citizens that starting July 1st all government agencies will not accept any cash payments...The government will not be dealing in any form of cash. We're going digital.
FRANK: July 1st is interning. The CBI already does not allow you to use American dollars anymore.
Now they're not even going to allow you to use your 3-zero notes. They want you to go digital...
You can't use physical cash?
If that's true then that means the security and stability of your lower notes has been established...1310 electronically makes no sense to me.
The Central Bank Concludes A Course On Basic Standards For Detecting Counterfeit Currency.
The Central Bank Concludes A Course On Basic Standards For Detecting Counterfeit Currency.
June 29, 2025 The Central Bank of Iraq's Basra branch concluded the "Basic Standards for Detecting Counterfeit Currency" course. The course, organized by the Central Bank's Banking Studies Center, lasted three days, from June 23-25, 2025.
The course was attended by 13 government and private banks from the southern governorates.
It also covered key aspects related to recent developments in detecting counterfeit currency and its basic standards.
For their part, the participants praised the training courses organized by the Central Bank of Iraq for their significant impact on developing their job performance. Central Bank of Iraq Media Office June 29, 2025 https://cbi.iq/news/view/2921
DINAR REVALUATION UPDATE: The Kurdistan oil export deal & salary payments resumption could strengthen the Iraqi Dinar (IQD)
DINAR REVALUATION UPDATE:
The Kurdistan oil export deal & salary payments resumption could strengthen the Iraqi Dinar (IQD) by boosting government revenues & fiscal stability.
More oil income = less deficit pressure = potential IQD stabilization.--
If you hold Iraqi Dinar right now you are Blessed by God but the time is getting close it seems for a revaluation.
Remember “As the Lord giveth so shall HE TAKETH away” !
10% of everything belongs to HIM including all the cattle 
on the hills”so don’t forget to set HIS share for Him aside first.
on the hills”so don’t forget to set HIS share for Him aside first. Only do this if you value what He gave you!
Be blessed!
Seriously give Him His first! Don’t test Him.
From The Central Bank: Initial Indications Of An Impending Economic Recession In Iraq
From The Central Bank: Initial Indications Of An Impending Economic Recession In Iraq
Baghdad Today – Baghdad Economic expert Manar Al-Obaidi revealed on Thursday (June 26, 2025) that the Central Bank of Iraq recorded a 4% decline in total US dollar sales during the first five months of 2025, compared to the same period in 2024. He warned that this decline could be an early indicator that the Iraqi market is entering a recession.
Al-Obaidi said, in a clarification followed by "Baghdad Today," that "the Central Bank's total dollar sales amounted to $31.5 billion during the first five months of 2025, a decrease of approximately $1.3 billion compared to sales during the same period in 2024, which amounted to $32.9 billion."
He pointed out that "the decline was primarily concentrated in cash dollar sales, which fell by 17%,
reaching only $1.3 billion compared to $1.55 billion last year,
while dollar sales via the "Currency Balances Enhancement" mechanism saw a 38% increase, reaching $30.2 billion, compared to $21.9 billion in the corresponding period."
Al-Abidi added, "The direct foreign transfer mechanism, previously used under what is incorrectly known as the 'auction,' has completely halted this year, after recording $9.4 billion in the same period in 2024."
He explained that "dollar sales used to settle international payments via electronic cards declined from $1 billion in January to just $261 million in May, due to restrictions imposed by the Central Bank and the inability of some banks to complete settlements."
Al-Obaidi emphasized that "this decline in sales, despite the decline in the exchange rate on the parallel market, reflects a decline in commercial demand and economic activity, which increases the likelihood of an economic recession, especially with inflation rates falling to 1.1% in April 2025, the lowest level in years." https://baghdadtoday.news/277366-.html
FIREFLY: They're saying right now on TV the deal they were working on [with Kurdistan] is imminent and it will settle all disputes on oil and salaries
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:They're saying right now on TV the deal they were working on [with Kurdistan] is imminent and it will settle all disputes on oil and salaries. If that is true we have a new rate because that's the only reason why there was a dispute.
FRANK: The only thing that can settle all of these disputes in your country is the removal of Iran's politicians which has been accomplished. The only way to settle it now is by making money.
IRAQ HEADLINES NEWS: The Iraqi Federal Government will release May salaries for the Kurdistan Region’s civil servants this week
IRAQ HEADLINES NEWS
#BREAKING: The Iraqi Federal Government will release May salaries for the Kurdistan Region’s civil servants this week, while the KRG is required to transfer its domestic revenues to Baghdad, a high-level source from the Kurdistan Region’s Council of Ministers told Zoom News.
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A high-level Kurdistan Regional Government (KRG) delegation, led by the Minister of Natural Resources Kamal Mohammed, is in Baghdad to meet with Iraqi Oil Minister Hayyan Abdul Ghani and discuss efforts to resume the Kurdistan Region’s oil exports, Zoom News has learned, with talks centered on a recent federal report following an Iraqi visit to KRG oil fields that could pave the way for a new agreement.
: Zoom News/ file
DINAR GURUS UPDATE: GREAT DEAL! Does the CBI pay up to $6 per dinar? Shocking New Rate Revealed!
DINAR GURUS UPDATE: GREAT DEAL! Does the CBI pay up to $6 per dinar? Shocking New Rate Revealed!
Summary
This video provides an in-depth analysis of the Iraqi dinar’s value, emphasizing that currency valuation is fundamentally linked to a country’s economic health and growth rather than mere speculation.
The presenter highlights Iraq’s ongoing efforts to stabilize and strengthen its economy by reintegrating its banking system into the global financial landscape, diversifying its economy beyond oil, and rebuilding crucial infrastructure.
These steps aim to improve Iraq’s GDP and create a more attractive environment for foreign investment, which is essential for the dinar’s potential rise in value.
A significant focus is placed on the Central Bank of Iraq’s (CBI) role in managing the money supply and controlling the amount of Iraqi dinars circulating outside the official banking system. The video warns against the risks of hyperinflation if too many dinars remain outside banks, especially those held by investors abroad. The CBI plans to retrieve dinars within Iraq first, stabilize the economy, and then proceed with revaluation, which may include introducing lower denominations to facilitate everyday transactions. The success of this strategy is crucial for the dinar’s future stability and value.
The video encourages investors holding dinars outside Iraq to stay informed, monitor official announcements, and participate in community discussions to navigate the currency’s future effectively. Ultimately, the video underscores that the dinar’s value is dependent on Iraq’s economic fundamentals, government policies, and the effective management of currency circulation.
Highlights
- 💵 The Iraqi dinar’s value is tied to the country’s economic strength, not speculation.
- 🌍 Iraq is working to reintegrate its banking system with global financial standards to attract foreign investment.
- 🛢️ Economic diversification beyond oil into agriculture, tourism, and technology is a key focus.
- 🏗️ Infrastructure rebuilding is critical for economic growth and business operations.
- 🏦 The Central Bank of Iraq prioritizes retrieving dinars inside the country to prevent hyperinflation.
- 📉 Revaluation and introduction of lower denominations aim to stabilize and make the currency practical.
- 📢 Investors abroad must stay informed and aware of CBI actions to protect their investments.
Key Insights
- 💡 Currency Value Reflects Economic Fundamentals: The video clarifies that currency appreciation cannot be based on hopes or rumors but depends on measurable economic indicators like GDP growth, infrastructure development, and financial stability. This insight discourages speculative behavior and encourages a long-term perspective.
- 🌐 Global Banking Integration Is Crucial: Iraq’s efforts to align its banking system with international standards are fundamental for attracting foreign capital and expertise. Integration increases transparency, trust, and facilitates smoother cross-border transactions, which are vital for economic growth and currency stability.
- 🔄 Diversification Reduces Economic Risk: Heavy reliance on oil revenues exposes Iraq to volatile global oil markets. By investing in sectors like agriculture, tourism, and technology, Iraq aims to create multiple income streams, which can stabilize government revenues and reduce currency volatility.
- 🏗️ Infrastructure Investment Spurs Economic Activity: Improved infrastructure enhances productivity, lowers business costs, and creates jobs, all of which contribute to a stronger economy and a healthier currency. This long-term investment lays the foundation for sustained economic growth.
- ⚖️ Managing Money Supply Prevents Hyperinflation: The CBI’s focus on retrieving dinars circulating outside the banking system highlights the dangers of uncontrolled money supply, which can lead to hyperinflation. Controlling currency circulation is essential for maintaining price stability and protecting the economy’s health.
- 🔄 Currency Revaluation Requires Careful Planning: The process of revaluing the dinar is complex and must be preceded by stabilizing the domestic currency supply. Introducing lower denominations post-revaluation will facilitate daily transactions and help integrate the currency into everyday use, supporting economic normalization.
- 🧠 Investor Awareness and Education Are Vital: For investors holding dinars outside Iraq, staying informed about economic developments and CBI policies is critical. Active engagement with reliable sources and communities helps navigate uncertainties and make better-informed financial decisions.
This comprehensive overview underlines that the Iraqi dinar’s potential rise in value is a gradual process anchored in real economic reforms and prudent monetary policies rather than quick fixes or speculative hopes.
IRAQ HEADLINES NEWS:
IRAQ HEADLINES NEWS
#BREAKING: Iraq’s Counter-Terrorism Service says its forces killed three suspected ISIS militants in the Palkana Mountains in Saladin province, including the commander of the Sulaiman Bek sector and a military official from the so-called Abu Musa Al-Ash’ari sector in Kirkuk province - statement
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The United States cut its crude oil imports from Iraq to 183,000 barrels per day last week, down 30,000 bpd from the previous week, even as total US imports from major suppliers rose, according to data released Sunday by the US Energy Information Administration.
: AFP
MILITIAMAN: Iraqi Dinar Update: Road Development Project, Salaries and Budget
MILITIAMAN: Iraqi Dinar Update: Road Development Project, Salaries and Budget
Summary
The video provides a comprehensive update on Iraq’s current economic and political landscape, highlighting significant progress toward stability, infrastructure development, and integration into the international financial system.
The speaker focuses on multiple interconnected developments: the government’s sustained support for the energy sector, efforts to ensure continuous electricity supply, and the ongoing resolution of salary disputes in the Kurdistan region. These efforts underpin Iraq’s broader strategy to stabilize its economy and attract big business investments, which have historically been deterred by security risks and instability.
A major highlight is the collaboration with a Texas-based company, Accelerate Energy, to establish Iraq’s first floating gas storage and regasification unit at the Basra port. This initiative is part of Iraq’s attempt to reduce reliance on Iranian gas and secure a reliable energy supply for power generation, which is critical for economic growth and industrial development.
The video also details the Kurdistan region’s judicial engagement with international legal experts in London, underscoring efforts to resolve internal disputes and salary crises through cooperation with the federal government. This judicial cooperation signals political maturity and a commitment to sustainable governance.
Further, the video discusses the imminent reopening of the Iraq-Turkey oil pipeline, which would significantly boost oil exports by adding over 300,000 barrels per day to the global market. The pipeline’s reopening hinges on payment guarantees from Baghdad, emphasizing the financial and political negotiations still underway to secure Iraq’s revenue streams.
Customs and border authorities in Iraq are also modernizing, with 80% completion of a central monitoring system intended to streamline customs operations, reduce smuggling, and increase government revenues. The enforcement of unified pricing and strict taxation measures targets companies evading tax responsibilities, potentially recovering substantial funds for the state treasury.
Taken together, these developments suggest that Iraq is on the cusp of substantial economic reform and integration with global markets. Stability, infrastructure upgrades, and financial system modernization are converging to create an environment conducive to investment and growth, signaling optimistic prospects for the country’s future.
Highlights
- 🔥 Iraq experiences relative economic stability due to government support for fuel and energy sectors.
- ⚓ Texas-based Accelerate Energy to build Iraq’s first floating LNG storage unit in Basra port.
- ⚖️ Kurdistan’s chief justice engages with international legal experts, promoting judicial cooperation and salary dispute resolution.
- 🛢️ Iraq-Turkey oil pipeline poised to resume exports, potentially adding 300,000 barrels per day to global markets.
- 📊 Customs modernization reaches 80%, aiming to reduce smuggling and boost government revenue.
- 💰 189 companies identified for tax evasion, with unified pricing and strict monitoring measures enforced.
- ⚙️ Integration of customs, salaries, and oil exports points to imminent economic reform and international financial inclusion.
Key Insights
🔋 Energy Sector as a Pillar of Stability: The government’s subsidies on gasoline, diesel, and free fuel for private generators highlight a strategic focus on maintaining uninterrupted electricity for citizens and businesses. Reliable energy is crucial for economic activity and investor confidence, especially as Iraq seeks to transition from dependency on Iranian gas to diversified sources like LNG imports. This energy stability acts as a foundation for broader economic recovery.
🇺🇸 Strategic International Partnerships: The agreement with Accelerate Energy, a Texas-based company, signals Iraq’s pivot towards the U.S. in its energy infrastructure development. This move is geopolitically significant as Iraq aims to reduce Iranian influence while aligning with Western energy technology and investment. The presence of a floating storage and regasification unit also modernizes Iraq’s import capabilities, enhancing energy security and supply flexibility.
⚖️ Judicial Cooperation Enhances Political Stability: The chief justice’s discussions in London and the Kurdish regional government’s commitment to unconditional cooperation with Baghdad reflect a positive political dynamic. Resolving salary disputes and legal challenges through dialogue promotes trust and stability, which are essential for economic reforms and attracting foreign investment. This judicial engagement also signals Iraq’s desire to align with international legal norms and strengthen governance frameworks.
🛢️ Reopening of the Iraq-Turkey Pipeline as a Revenue Catalyst: The pipeline’s reopening is critical, as it would inject over 300,000 barrels per day into the global market, boosting Iraq’s oil revenues significantly. However, the prerequisite of payment guarantees from Baghdad shows ongoing budgetary and political complexities. The pipeline’s status is a barometer of Iraq’s ability to manage internal disputes and secure financial commitments vital for sustained economic growth.
📈 Customs Modernization and Anti-Corruption Measures: The near-completion of the central customs monitoring system represents a major leap in Iraq’s institutional capacity. By improving oversight, reducing smuggling, and implementing unified pricing, Iraq aims to maximize revenue collection and enhance the efficiency of its border controls. Identifying 189 companies for tax evasion and enforcing accountability underscores a crackdown on corruption that has historically drained billions from the treasury.
💵 Link Between Oil Revenues, Salaries, and Exchange Rate Stability:The video highlights the interconnectedness of oil production costs, salary payments, and exchange rate management. Iraq’s budgetary decisions, including amendments related to oil costs, directly impact salary settlements in the Kurdistan region and the broader economic environment. Stabilizing these financial flows is essential for maintaining public sector morale and ensuring macroeconomic stability.
🌐 Convergence Towards International Financial Integration: The simultaneous progress in customs, border control, salary resolution, judicial cooperation, and energy infrastructure signals Iraq’s readiness to integrate more fully into the global financial system. The establishment of electronic payment systems, e-government platforms, and financial inclusion initiatives illustrates Iraq’s modernization drive. This convergence reduces risks perceived by international investors and lays the groundwork for sustainable economic development.
In conclusion, the video paints an optimistic picture of Iraq’s evolving economic and political environment. While challenges remain, particularly in securing financial guarantees and navigating political complexities, the strides in energy infrastructure, judicial cooperation, customs modernization, and oil export readiness collectively indicate meaningful progress. Iraq appears positioned to enhance its economic stability and attract significant investment, signaling a hopeful trajectory for the country’s future.
IRAQ HEADLINES NEWS: Iranian Foreign Minister Abbas Araqchi has urged the United Nations Security Council to hold Israel and the United States accountable for what he described as a war of aggression against Iran,
IRAQ HEADLINES NEWS
Iranian Foreign Minister Abbas Araqchi has urged the United Nations Security Council to hold Israel and the United States accountable for what he described as a war of aggression against Iran, calling for urgent action to prevent further violations of international law and to safeguard global peace and security.
: IRNA
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In identical letters sent to UN Secretary-General Antonio Guterres and Security Council President Carolyn Rodrigues-Birkett,
Araqchi condemned the recent unprovoked attacks on Iranian civilian areas and peaceful nuclear facilities, stressing that the actions violated Iran’s sovereignty and breached fundamental principles of the UN Charter,
the Non-Proliferation Treaty (NPT), and multiple resolutions of the International Atomic Energy Agency (IAEA). He warned that failure to respond would undermine the Council’s credibility and embolden further aggression.
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MAJEED: 💥 From Zeros to Value: How Iraq’s Currency Reform Could Transform the IQD 💥
💥 💥 From Zeros to Value: How Iraq’s Currency Reform Could Transform the IQD 💥 ⭐ Introduction The term “Zero Game” is buzzing among Ir...
