Tuesday, July 1, 2025
Erbil-Baghdad Salary Deal Nearing Finalization; Oil Export Mechanism Key to Agreement
Erbil-Baghdad Salary Deal Nearing Finalization; Oil Export Mechanism Key to Agreement
KRG and Baghdad near deal to resume oil exports and release delayed salaries. A KRG delegation met with top Iraqi officials, including Oil Minister Abdul-Ghani. Baghdad may release May salaries this week; debt to oil firms and export terms remain key issues.
The Kurdistan Regional Government (KRG) and the federal government in Baghdad are reportedly on the verge of reaching a pivotal agreement that could pave the way for the disbursement of delayed salaries to public sector employees in the Kurdistan Region as early as this week.
According to a well-informed source familiar with the high-level negotiations, a senior KRG delegation has been in Baghdad for three consecutive days holding crucial meetings with Iraqi government officials.
The source, speaking to Kurdistan24’s Dilan Barzan, stated: "A high-level KRG delegation has been in Baghdad for three days and has held a series of top-level meetings with Iraqi government officials. As of 1:00 PM today, Monday, June 30, 2025, the KRG delegation is scheduled to meet with Iraq’s Oil Minister, Hayan Abdul-Ghani, at the Council of Ministers."
One of the central issues under discussion is the mechanism for resuming oil exports from the Kurdistan Region, which were halted following a 2023 ruling by the Paris-based International Court of Arbitration.
The same source told Kurdistan24 that while "Erbil and Baghdad have reached a mechanism for exporting Kurdistan’s oil," several outstanding points of disagreement remain. Nonetheless, expectations are high that a comprehensive agreement will be reached during Monday’s meetings.
Under Iraq’s general budget law, the KRG is required to deliver 400,000 barrels of oil per day to Iraq’s state marketing company, SOMO. However, the current negotiations appear to have adjusted these terms.
The Kurdistan24 source noted: "About 280,000 barrels are to be delivered to SOMO daily, and the remaining 120,000 barrels are to be allocated for internal consumption by both Iraq and the Kurdistan Region."
A major hurdle yet to be resolved is the significant debt owed to oil-producing companies operating in the Kurdistan Region. This debt—estimated to be close to $1 billion—has become a critical issue following the aforementioned court ruling.
"This debt became a sticking point after a 2023 ruling by the Paris International Court. It is hoped that today’s meeting will also resolve this issue, as the companies are unwilling to resume oil exports without first being repaid," the source said.
Meanwhile, optimism remains high that the progress achieved thus far will translate into immediate economic relief for civil servants in the Kurdistan Region.
Sabah Sobhi, a member of the Iraqi Parliament’s Oil and Gas Committee, confirmed to Kurdistan24: "Tomorrow, Tuesday, July 1, 2025, the Iraqi Council of Ministers is scheduled to convene. It is expected that a decision will be made during the meeting to release the salaries of Kurdistan Region employees, with payment for the month of May to be issued by the end of this week."
The potential breakthrough comes after months of tension and repeated negotiations over oil revenue sharing, salary payments, and administrative control, which have strained relations between Erbil and Baghdad. If finalized, the agreement could mark a significant step forward in stabilizing financial relations between the two governments and alleviating public discontent in the Kurdistan Region. link
SUMMARY: Dinar: Dr. Shabibi answering revaluation and redenomination questions
SUMMARY: Dinar: Dr. Shabibi answering revaluation and redenomination questions
Date: Abril 19, 2011
Location: US Chamber of Commerce Washington, DC
🌍 Iraq’s Economic Outlook
The Central Bank of Iraq is carefully evaluating the future of the Iraqi dinar. While there are questions about a potential revaluation, the top priority remains controlling inflation and maintaining economic stability.
📈 Inflation and Stability
Inflation has slightly increased from 2–3% to around 5%. Although still manageable, the central bank is closely monitoring it to protect purchasing power and public confidence.
🔄 Revaluation?
Whether to revalue the currency depends on multiple factors: inflation, trade balance, and overall macroeconomic stability. It's not a decision taken lightly.
💵 Removing Zeros?
A redenomination is being planned to remove three zeros from the dinar. This does not mean devaluing the currency—it’s meant to simplify daily transactions and accounting.
🕰 Why So Many Zeros?
In the 1980s, high inflation forced Iraq to add zeros to its currency. Now, with a more stable economy, it’s possible to modernize the currency system by removing them.
🤝 A Complex Process
This change requires coordination among the government, security forces, and a strong public education campaign. Everything must be clearly communicated to avoid confusion or mistrust.
📢 Clear Communication
Public awareness is critical. People need to understand this is a technical change, not a sign of economic weakness. It’s a move toward a more efficient and modern system.
⏳ No Fixed Date
While the decision has been made, no exact timeline has been set. The government is waiting for the right economic and political conditions to implement the change properly.
✅ Conclusion
Iraq is preparing for an important monetary update. With inflation under control and a more stable economy, removing zeros aims to make daily financial activities easier without affecting the currency’s real value. It’s a technical step forward—but it must be done with care, planning, and transparency.
https://dinarevaluation.blogspot.com/2025/04/dr-shabibi-answering-iraq-revaluation.html
After being withdrawn for security reasons, a portion of the US embassy staff in Baghdad has returned.
After being withdrawn for security reasons, a portion of the US embassy staff in Baghdad has returned.
A portion of the US embassy staff in Baghdad has returned to work after being temporarily evacuated due to security concerns surrounding the war between Israel and Iran.
A video recording on Saturday showed two helicopters landing at the US embassy compound in the Green Zone in central Baghdad, with a number of employees disembarking from them.
On June 12, the day before the outbreak of the 12-day war between Israel and Iran, the US State Department ordered the withdrawal of non-essential staff from its embassy in Baghdad and its consulate in Erbil.
A US official confirmed that additional personnel were withdrawn later on June 21 and 22.
On June 21, the US Embassy in Baghdad warned its citizens against traveling to Iraq for any reason.
She explained that both the embassy in Baghdad and the consulate in Erbil have temporarily suspended routine visa services, but remain open for consular services to US citizens.
Some news websites close to armed factions in Iraq had previously reported that all US embassy staff had left the embassy compound last Friday. link
TIDBIT FROM FRANK26: The fear of Iran is gone!!!!
Frank26
Trump quickly removed Iran and you quickly had security and stability [In Iraq] for one reason only...a new exchange rate IMO.
You should see who has dinars. The fear of Iran is gone.
This bombardment we thought was going to create spillage into your country and maybe mess up the monetary remove, never under the command of Donald Trump. Donald Trump wants America to get repaid.
“Development Road"... The First Direct Freight Transport Through Iraq
“Development Road"... The First Direct Freight Transport Through Iraq
Economy 2025-06-28 | Source: Russia Today 8,755 views Istanbul, Turkey, hosted a ceremony to launch truck transport operations between Turkey, Iraq, Kuwait, Germany, and Jordan.
The ceremony was held on the sidelines of the Global Transport Corridors Forum,
held at the Istanbul Congress Center. Agency reported Anadolu that the transit route through Iraq had been closed to transportation since 2003,preventing transit through Iraq.
She added that with Baghdad implementing the truck system, the transit route was opened,
with three vehicles departing on June 25 to transport goods to Kuwait via Iraq,
marking the first direct shipment to Kuwait in 22 years.
Since the transit route through Syria has been closed since 2011,
direct land transport to Jordan has not been possible.
The agency noted that on June 27, 2025, a vehicle carrying goods from Germany was transported to Jordan via the Turkey-Iraq route, marking the first direct land transport to Jordan in 14 years.
Speaking at the ceremony,
Turkish Minister of Transport and Infrastructure Abdulkadir Oraloğlu said
they want trucks to travel by land from Turkey to Iraq, then Kuwait and Jordan
r-unique-id="83" style="max-width: 100%;" />as the first stage of the "development road."
He added, "We have made a preliminary start.
This is a rehearsal for the development path.
We will have implemented the initial project to maintain the vitality of the corridors.
We will track the trucks departing from Türkiye."
For his part, Nasser Al-Asadi, advisor the Iraqi Prime Minister's on transportation,
said his country seeks to connect the East and West through its territory. He added,
"We fully support the development path and congratulate Türkiye.]
This is the first step, and we await the next steps."
The "Development Road" is a land and railway route extending from Iraq to Turkey and its ports.
It is 1,200 km long inside Iraq and
aims to transport goods between Europe and the Arab Gulf states.
https://www.alsumaria.tv/news/economy/531639/طريق-التنمية-أول-نقل-مباشر-للبضائع-عبر-العراق
Popular Satisfaction
Economic 06/30/2025 Yasser Al-Mutawali It seems that the agricultural policy in Iraq has achieved good results in the field of providing agricultural crops, especially vegetables, in good abundance and at prices suitable for all segments.
This is what I have witnessed with my own eyes and touch as I observe and look on my way to the fruit and vegetable markets, and I see satisfaction on the faces of shoppers regarding the products and prices in the conversations of men and women during the current season, despite some variation in prices between one seller and another.
However, overall, the prices are acceptable to the consumer on average.
It is noteworthy that the
limited-income segments are happy with this achievement when shopping and
they see an increase in the level of shopping on their part.
Instead of buying half a kilo of tomatoes, cucumbers, or eggplant,
the purchase has increased to more than a kilo,
which indicates the possibility of purchasing power in the family budget.
To get more items.
It confirms the truth of what I have gone to, that there is relief
Drawn on faces
My focus here is on low-income groups, as they are the true indicator of the level of satisfaction with prices.
This is because the demands of well-off families remain in acquiring a surplus of what they need,
according to their purchasing power, and this is the reality.
This phenomenon indicates the Sudanese people's support and interest in the agricultural sector, as
they are from this class decline first, and
then their specialization as agricultural engineers and their reliance on expert advice.
Veteran Farming.
On the other hand, the government's wise policy in dealing with the water issue with neighboring Türkiye has achieved a somewhat acceptable water level to cover the farmers' water quotas.
In addition to the unlimited support for the agricultural sector, both agricultural and irrigation,
it has had a positive impact on the country's agricultural policy in achieving a balance between imports and local production.
We expect agriculture to have a bright future if it continues to achieve this balance,
achieving reasonable prices for consumers, producers, and intermediary sellers.
Perhaps one of the results of the development in agricultural policies,
which is a reflection of the unlimited support from the government,
is the increase in the rate of production of strategic crops (wheat, barley, corn, and other crops).
Fodder and barley.
It must be noted that this support has also been reflected in
encouraging farmers and agriculturalists to adopt modern irrigation techniques, as well as
agricultural mechanization,
which the government has supported the provision and importation of,
along with ongoing guidance programs on their uses.
We hope to maintain this happy model that achieves food security and brings joy to low-income groups in obtaining it. On her daily sustenance easily. https://alsabaah.iq/116712-.html
WHAT'S THE " 16 AGREEMENT”?: The Kurdistan oil export deal & salary payments resumption could strengthen the Iraqi Dinar (IQD) !!!!
What’s the “$16 Agreement”?
Baghdad to compensate producers $16 per barrel for costs.
Foreign and Iraqi gold prices stabilized in the wholesale markets of Al-Rasheed Street in the capital, Baghdad. The selling price for one mithqal (approximately 4.25 grams) of 21-karat Iraqi gold reached 622,000 dinars, while the buying price stood at 618,000 dinars.
This clears path for #GKP to resume exports & receive payments — potentially unlocking millions in revenue.
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.-----
=---
Oil Negotiations Between Baghdad And Erbil Are Nearing A Final Settlement: Resumption Of Exports Is Imminent – Urgent
Oil Negotiations Between Baghdad And Erbil Are Nearing A Final Settlement: Resumption Of Exports Is Imminent – Urgent
Economy Yesterday, | 549 Baghdad Today – Baghdad The energy advisor at the Patriotic Union of Kurdistan's media office, Bahjat Ahmed, revealed on Monday (June 30, 2025) significant progress in the ongoing negotiations between the Baghdad and Erbil governments regarding the Kurdistan Region's oil exports, indicating that an agreement is very close.
Details of the expected agreement
Ahmed told Baghdad Today that the federal government's technical delegation had returned to Baghdad, while another delegation from the Kurdistan Regional Government, including the chief of staff of the regional government and the Minister of Natural Resources, headed to the capital for an expanded meeting with Oil Minister Hayan Abdul Ghani.
Ahmed explained that "the results of the negotiations are very positive, and an agreement is imminent.
The issue of resuming Kurdistan's oil exports may be resolved within the current week."
He added, "The agreement includes Baghdad assuming the debts of foreign oil companies from October 2022 until the date oil exports cease, amounting to $1.2 billion, in exchange for the regional government delivering 300,000 barrels of oil per day to Baghdad." Ahmed continued,
OPEC meeting and increasing Iraq's share
"The OPEC meeting scheduled for next month will discuss increasing oil quotas,
including Iraq's, which will allow the region to benefit from its 300,000 barrels per day share."
It's worth noting that the Kurdistan Region's oil exports via the Turkish-Ceyhan pipeline were halted in March 2023, following a ruling by the International Court of Arbitration of the International Chamber of Commerce in Paris, which upheld the Iraqi federal government's position as the sole authority uthorized to manage oil exports.
Since then, Baghdad and Erbil have engaged in a series of negotiations aimed at reaching a new agreement that would guarantee the resumption of exports in a legal and orderly manner,
amidst the significant financial losses the region has incurred as a result of the suspension of oil revenues.
Political parties hope to capitalize on this opportunity to reach a comprehensive solution,
especially with anticipation of the next OPEC meeting,
which may approve an increase in production quotas,
opening a window to reap the benefits of the region's export capacity. https://baghdadtoday.news/277481-.html
TIDBIT FROM BABYSMOM: THE RATES THAT ARE BEING SHOWN ON FOREX ARE ONLY SEEN BY TRADERS
Babysmom
REMEMBER FOREX IS NOT SHOWING A RATE ON THEIR FRONT SCREENS WHICH IS THE SCREENS THAT ARE USED FOR EXCHANGES.
THE RATES THAT ARE BEING SHOWN ON FOREX ARE ONLY SEEN BY TRADERS WHO WORK WITH IMPORTS AND EXPORTS. SEEING IT ON BLOOMBERG...
WAS A BIG COUP. WHEN IT SHOWS ON THE FRONT SCREENS OF FOREX WE WILL HAVE LIFTOFF.
Iraq ranks among top importers of Turkish goods in May
Shafaq News – Baghdad/Ankara
Iraq ranked as the fifth-largest importer of Turkish goods in May 2025, with imports exceeding $1.1 billion, according to data released by the Turkish Statistical Institute (TURKSTAT).
The institute reported that Turkiye’s total exports for May reached $24.82 billion, marking a 2.6% increase compared to the same month in 2024. Imports stood at $31.46 billion, reflecting a 2.7% year-on-year rise.
Germany remained Turkiye’s top export destination with $2.1 billion in trade, followed by the United Kingdom ($1.52 billion), the United States ($1.51 billion), and Italy ($1.22 billion). Iraq followed in fifth place with $1.12 billion in imports.
The top five countries accounted for 30.1% of the total exports in May.
Iraq also emerged as the fifth-largest importer of Turkish products in the first third of 2025.
Monday Coffee with MarkZ. 06/30/2025
Monday Coffee with MarkZ. 06/30/2025
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 Monday Mark, Mods and Rv’ers
Member: It’s the last day of June. Tomorrow is the first day of the third quarter and the day Basel 3 banking laws are supposed to start worldwide.
Member: Is today our day????
MZ: that’s a heck of a question. I will tell you what I am hearing. I did get a bond update this morning which is unusual for a Monday morning.
MZ: There are some folks wi th some “historical assets” that are very set with appointments and timing. . Including really big transfers. I am waiting for another update today. These appointments will happen this week. I do not know times for security…..it’s big money. One of these deals is a trillion dollars that is expected to close this week.
MZ: buckle up folks. When it goes…..we will also go pretty soon……. I am upbeat but trying to stay calm.
Member: It is interesting to me that Trump mentioned a deadline of July 9th and the Iraqi Parliament is supposed to go back into session on July 9th
Member: My bank sent me an email last Friday stating that as of 07-14-2025 all financial institutions will adopt ISO 20022.
Member: There is a big BRICS meeting July 6-7
Member: Mark, has your bankers talked about the USN notes?
Member: New Message from credit union, "coming soon'--view all your accounts in one login, streamlined, secure, personalized digital accounts to handle all your banking needs.
Member: Bank story. Neighbor laid off along with others ...Bank said moving to Financial assistance instead of banking service
Member: Is the belief that the RV happens after an economic crash because it’s the final blow to the cabal bankers or does the RV happen just at any moment?
Member: Wish we knew
Member: Mark! Now that the oil is supposedly flowing in the middle east for the Kurdistan region, did they not have to approve the rate prior to the flow?
MZ: “Iraq is witnessing security, stability and economic progress today” these are some of the sound bites we were told to look for- just before they changed their value.
MZ: ” The Budget is behind the walls of the government and awaiting release. Parliament is awaiting” They are now saying it is complete and Sudani is to release it.
MZ: I have told you my theory that Sudani has been holding up the budget waiting for the rate change. To me this makes the most sense.
Member: Dear Sudani please make that soon
Member: Iraq goes digital tomorrow, hopefully new rate tomorrow
Member: (From Dinar Guru) Walkingstick [Iraqi Bank friend Aki update] AKI: Three meetings. The last meeting lasted two hours. My boss tells me, 'I need you back at the bank [In Dearborn Michigan] this Monday because we are waiting on the new exchange rate.' I have to go back because we're waiting for the new rate. WALKINGSTICK: That's the only thing they're waiting for. They already got all the banking software in place, ATM machines, the bank structures, all the bank regulations are set...
MZ: I am hearing similar things from my contacts…I am just trying to stay calm right now.
MZ: Some IRS news. Their deferred resignation day is today. This is where employees can take advantage of “early retirement” some are reporting that up to 50% of collection staff are leaving and taking that early resignation. So a mass exodus is expected at the IRS today.
Member: I live in a small town…closest big town is 3 hours away…..wondering how far I will have to go to exchange?
MZ: I was told 90% of the population of the US would have redeeming banks/redemption centers within 50 miles
Member: IMO its worth a long drive…..my car is gassed up and ready to go.
Member: when the rate changes-will it be on the CBI or forex first?
MZ: If they do it like they did in Kuwait-neither. Kuwait quietly went- but did not publicly release rates for 10 days. I do not think they can do that in today’s internet world. My guess is it will show on the CBI site just moments before its on forex. This is just a guess.
Member: Im hoping we get our big day on July 4th…..the fireworks would be epic to celebrate our RV!!!
Member: Thanks all Mods for being here for all of us
Member: Have a great day. Everyone stay safe and cool.
Member: JUST SO YOU KNOW> > >THERE IS NO PODCAST TONIGHT> > SO SWEET DREAMS TO YOU!!!
Ron the inventor joins the stream after the news. Listen to the replay for his information
IRAQ HEADLINES NEWS: The meetings between the Iraqi government and the Kurdistan Regional Government (KRG) will conclude with draft agreements set to be presented to the Iraqi Council of Ministers
IRAQ HEADLINES NEWS
Delays in salary payments for May and June have severely disrupted markets across the Kurdistan Region, as ongoing disputes between the Iraqi federal government and the Kurdistan Regional Government (KRG) deepen the financial strain on civil servants and the wider population.
---
The meetings between the Iraqi government and the Kurdistan Regional Government (KRG) will conclude with draft agreements set to be presented to the Iraqi Council of Ministers on Tuesday, paving the way for the resumption of oil exports and the disbursement of civil servant salaries in the Kurdistan Region, sources familiar with the matter told Zoom News.
: PM office/ file
---
TIDBIT FROM FNU LNU: The RV is coming but not this week, next week or even this year!!
Fnu Lnu
The U.N. assessment in August will reveal more detail as to the effects the Israeli / Iranian conflict with Iran threatening all USA military bases in the middle east.
This is hardly the "PEACE" needed for a stable and safe outcome...The RV is coming but not this week, next week or even this year.
IRAQ HEADLINES NEWS: Sulaimani security forces have intensified their crackdown to block all forms of protest in the city
IRAQ HEADLINES NEWS
Sulaimani security forces have intensified their crackdown to block all forms of protest in the city, with footage showing security forces arresting and beating individuals opposing a government decision that bars them from building homes on their land, Zoom News' Shadost Farhad reported from the scene after being stopped by security from covering the demonstration. Video credit: Shar Press
----
Kurdistan Region Prime Minister Masrour Barzani on Monday called for full respect of the Region’s constitutional status and entitlements during a meeting with French Ambassador Patrick Durel. They also discussed resolving outstanding issues between Baghdad and Erbil, strengthening French-Kurdish ties, and preserving regional peace and stability - statement
: KRG
A2Z RV UPDATE: Reports indicate that U.S. private wealth managers (not Redemption Center staff) are preparing for client exchange!!!
A2Z RV Update 6/29/25
The current theory is that Iraq will publicly announce its new exchange rate on Monday, June 30th, marking a key step in the long-anticipated RV timeline.
Reports indicate that U.S. private wealth managers (not Redemption Center staff) are preparing for client exchanges, with appointments possibly starting Tuesday.
Basel III is set to activate Monday night, requiring all banks to be gold- and asset-backed. This aligns with Bruce’s statement that entities were already asset-backed by Thursday night, ahead of the global implementation on July 1st.
Some are still expecting a formal asset-backed currency announcement from President Trump, but Jerome Powell publicly confirmed the shift during a Senate hearing on June 25th. The question remains: is a Trump statement still needed, or have Powell’s remarks and details within the Big Beautiful Bill (BBB) already covered it?
The June 21st parade seemed to symbolize the end of the U.S. Corporation, with Trump receiving a folded flag and reaffirming his oath as Commander in Chief—a sign the military could now be in charge. Then on June 27th, Trump declared during his presser, “I brought back the Constitution,” which many view as the official return of the Republic.
The Big Beautiful Bill is key. Over 16 hours were spent reading it in the Senate, including definitions like the scientific definition of a woman, and sections related to foreign currency exchanges and gold-backed assets—both of which align with Basel III, taking effect in the U.S. at midnight EST Monday.
Stay grounded. Stay alert. There is plenty of Public ACTION happening for us to move forward….it’s coming! Our DREAMZ are coming true!!
❤️ A2Z DREAMZ ♠️
IRAQ HEADLINES NEWS: Talabani described recent negotiations between the Kurdistan Regional Government (KRG) and the Iraqi government as “positive”!!
IRAQ HEADLINES NEWS
KRG Deputy Prime Minister Qubad Talabani described recent negotiations between the Kurdistan Regional Government (KRG) and the Iraqi government as “positive” during a meeting with French Ambassador Patrick Durel. Talabani expressed optimism that the issue of civil servant salaries in the Kurdistan Region will soon be resolved and reaffirmed the KRG’s readiness to reach an agreement with Baghdad.
: Talabani’s office
---
Several members of the Kurdistan Workers’ Party (PKK) are set to disarm in Sulaimani province within the next two weeks, as part of the peace process with Ankara, two well-informed sources told Zoom News. The fighters will reportedly descend from the mountains to lay down and burn their weapons as a gesture of goodwill, with imprisoned PKK leader Abdullah Ocalan expected to deliver a message ahead of the disarmament.
: Reuters/ file
---
Subscribe to:
Comments (Atom)
🌟 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
