Friday, July 18, 2025
Iraq Agrees Oil Plan With Kurdistan as Export Deal Nears
Iraq Agrees Oil Plan With Kurdistan as Export Deal Nears
Iraq approved a plan for its semi-autonomous Kurdish region to transfer oil to Baghdad, a key step toward resuming exports that have been halted for more than two years.
The Kurdistan Regional Government will supply Iraq’s state oil marketer SOMO at least 230,000 barrels a day for export, the federal government said after a meeting of the cabinet. On receiving the crude at Turkey’s Mediterranean port of Ceyhan, the export point of Kurdish oil, Baghdad will release funds for salaries of Kurdistan government employees.
The move is the strongest signal yet that a resumption of shipments from Kurdistan to global markets through a pipeline that was halted in March 2023 is near. A final deal would still need contracts with companies in the Kurdish region, which have said exports can only kick off when there’s clarity on compensation, including future payments and past dues.
Also read: Oil Firms in Kurdistan Await Deals as Iraq Nears Export Restart
The Iraq-Kurdistan agreement is “an important milestone toward the resumption of oil exports through the Iraq-Turkey pipeline,” said Myles B. Caggins III, spokesman for the Association of the Petroleum Industry of Kurdistan. The group’s members anticipate additional discussions with the governments “to establish written agreements, prior to resuming exports,” he said.
The companies would also have to bring online fields that were shut this week following a barrage of drone attacks. About 200,000 barrels a day of output has been halted, according to an official in the Kurdistan Regional Government.
The latest steps come just as the Organization of the Petroleum Exporting Countries and its allies have started boosting production quotas, giving some members the room to raise exports. Additional shipments would likely add to a supply surplus forecast for later this year.
Pipeline Closure Halted About 500,000 Barrels a Day of Iraqi Oil Flows
btc-pipeline
Iraq-Ceyhan pipeline
The amount of oil that will be handed over to SOMO is based on output of 280,000 barrels a day. Kurdistan will keep 50,000 barrels a day for its own requirements. Any increase in output will result in a higher share going to the federal government, Iraq said in the statement.
As part of the deal, the KRG will also pay 120 billion Iraqi dinar ($92 million) as an initial payment to the federal government as its share of non-oil revenues for May. A panel will be formed to determine the state’s future share.
Lost Revenue
Iraq is OPEC’s second-biggest oil producer, pumping the vast majority of its crude from the south. The country has been keen to increase output in the long-term and boost revenue after years of war and internal strife. The halted Kurdistan exports have resulted in about $25 billion in lost revenue, Kurdistan Regional Government Prime Minister Masrour Barzani said last month.
The pipeline saga started in early 2023 after Turkey halted the link that carried about half a million barrels of oil daily following an arbitration court’s order to pay Iraq $1.5 billion. Ankara had claimed the pipeline was shut because it needed repairs after two massive earthquakes in February that year, but later put the onus on Baghdad to restart operations. But financial and legal disagreements held back the resumption.
In February this year, Iraq’s parliament passed a plan to allow Baghdad to pay oil companies in Kurdistan an initial fee of $16 a barrel for production and transportation, which is higher than what it had proposed paying earlier.
Oil companies including DNO ASA, Genel Energy Plc and Gulf Keystone Petroleum Ltd. operate in the Kurdistan region. link
MARKZ: "👀 All Eyes on Iraq: New Oil Agreement Could Launch $5 Dinar Rate!"
MarkZ
[via PDK] My contacts in Iraq believe they will have an agreement next Tuesday or Wednesday on the cost of producing a barrel of oil of about $16 and they think we will get a new rate for the budget tables…that is hopeful.
We will see… They have had these expectations before…but those expectations are high again.
We are seeing some craziness on aggregating professional sites with fluctuating rates and pairings. It’s the pairings and pairing rates that are really unique.
If they are accurate we may be looking at a rate of $5 or so…IF they are accurate.
May salaries will be paid, and June salaries will be paid in the coming days. The Council of Ministers approves the memorandum of understanding with Kurdistan
May salaries will be paid, and June salaries will be paid in the coming days. The Council of Ministers approves the memorandum of understanding with Kurdistan.
The Iraqi Council of Ministers approved the memorandum of understanding signed between Erbil and Baghdad regarding the salaries of employees in the Kurdistan Region.
Al-Jabal's correspondent in Baghdad reported on Thursday that the Iraqi Council of Ministers approved the memorandum of understanding signed with the Kurdistan Regional Government regarding employee salaries, directing the release of employee salaries for one month.
The Iraqi Council of Ministers held an extraordinary session, chaired by Council Speaker Mohammed Shia al-Sudani, to discuss the agreement with Kurdistan on salaries.
According to information obtained by this correspondent, approval has been given to disburse salaries to Kurdistan Region employees for May as an initial phase, with June salaries to be disbursed in the coming days.
He said the extraordinary session was dedicated to discussing this issue. The Kut mall fire was included in the meeting's agenda, and a three-day mourning period was declared in Iraq for the victims. link
FIREFLY: "Parallel Market Nears Official Rate — Iraq Edges Closer to 1:1 Dinar-Dollar"
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Two days in a row the parallel market is at 1397. That's great news. The market...is so close to 1310. We're headed in the right directio n...Saleh is back on TV talking about the great job the CBI has done and says our parallel market would have already been equal to the official exchange rate of the CBI if not for tensions in the region...
FRANK: Slowly but surely the black market is disappearing...As it disappears we approach the 1 to 1 relationship with the American dollar which will lead you into a float.
Iraq announces resumption of Kurdistan oil exports after more than two years of halt
Iraq announces resumption of Kurdistan oil exports after more than two years of halt
The Iraqi government announced on Thursday an agreement to resume crude oil exports from the Kurdistan Region after a halt of more than two years.
The agreement stipulates that the regional government will immediately begin handing over all oil produced from the region's oil fields to the State Oil Marketing Organization (SOMO) for export, with the quantity delivered not being less than 230,000 barrels per day.
The federal Ministry of Finance will pay the regional government $16 per barrel, according to Agence France-Presse.
The Ministry of Oil announced last February the completion of all procedures for exporting oil produced in the Kurdistan Region via the Turkish port of Ceyhan, following a two-year halt due to disputes between Baghdad and Erbil. At the time, the ministry said in a statement that oil exports would be conducted "in accordance with the mechanisms outlined in the budget law and its amendments, and within Iraq's production ceiling set by OPEC."
Türkiye halted the pipeline in March 2023 after the International Chamber of Commerce ordered Ankara to pay $1.5 billion to Baghdad in compensation for unauthorized exports between 2014 and 2018. link
:EXCERPTS FROM MARKZ : "Dinar to Leave USD Peg? Intel Points to Upcoming Rate Reveal"
EXCERPTS FROM MARKZ
Member: Mark, Frank26 said last night that Dinar no longer pegged to USD.. Have you similarly ??
MZ: No- But I have heard they are getting ready to put it in its basket and then the dinar is no longer associated with the dollar. That is what they did with the Kuwaiti Dinar.
MZ:I do have some very excited folks on the ground in Iraq who feel they will know all their budget numbers next Tuesday. They havn’t said that they are going to have a new dinar rate then….but they are hopeful they are about to get one.
AFTER AN AIRSTRIKE, DNO TEMPORARILY SUSPENDS PRODUCTION IN KURDISTAN’S OIL FIELDS
AFTER AN AIRSTRIKE, DNO TEMPORARILY SUSPENDS PRODUCTION IN KURDISTAN’S OIL FIELDS.
Norwegian oil company DNO announced on Wednesday that it had temporarily halted oil production at the Tawke and Pishkhabur fields in the Zakho Autonomous Region of Iraq, after they were targeted by explosive drones.
The company said in a statement today that it will resume oil production from the two oil fields after assessing the extent of the damage caused by the drone attacks, confirming that the attacks did not result in any casualties.
MNT GOAT: "Beyond the Hype: The Real Road to Iraq’s Currency Reinstatement", PART . 4
😊 There is also a very good article that relates to the Oil and Gas situation in Iraq. It is titled “THE PARLIAMENTARY OIL COMMITTEE REVEALS THE REGION’S APPROVAL TO HAND OVER ITS OIL AND REVENUES, AND AN IMPORTANT MEETING WILL BE HELD WITHIN TWO DAYS.”
We know that this meeting has already occurred and await the results of it. If you noticed today, I did not talk about the oil flows or the issues related with Kurdistan. Please do the article and catch up for yourself on this issue.
My take on this Kurdistan Oil issues is this: If we DID NOT see an RV the with current oil flows (which are three times the volume and thus revenues than in 2003) that this is not going to make much difference in speculating of the RV period, is it? 😊
Remember “rentier economy”. I am mostly concerned about this saga when it boils down to whether we will see the passing of the Oil and Gas Law from parliament. I listened to Frank26 intel guru conference call from Tuesday, as I listen to most of these gurus. This is part of my job of the blog to create more clarity in this investment.
Well… anyhow, Frank told his listeners that the HCL was all done. Really?
Why did he say this? The HCL referendum still sits in the cabinet.
It is required by the new Iraq constitution and it has not even gotten to the point of being passed on to parliament for review, discussion and passing. Does Frank even know how the legislative process works in Iraq? There are still many details to work out for this law, but it is looking hopeful.
Maybe however, these recent talks between Baghdad and Kurdistan will solidify these issues and make solid solutions put into the law to prevent such issues arising again in the future. These issues only hurt both parties and there are no winners. Remember that the constitution of 2005 says they have just months to create the pass the referendum. It has been 20 years already.
Could the US be a bit upset about this? Yes, could this also be a point of contention as to why they have not yet seen their reinstatement? Just asking….. Come ‘on folks lets stop listening and believing all these stupid, fools who are ignorant of what is really going on in Iraq. I see the YouTube and conference calls. They are fools all trying to scam you and make big bucks off of clickity-clicks.
Please keep your prayers coming. They are working and God is going to fulfill his prophecies for the middle east beginning with Iraq and branching out.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/APIKUR SPOKESPERSON CALLS FOR SWIFT ACCOUNTABILITY & CLEAR PAYMENT STRUCTURE
APIKUR SPOKESPERSON CALLS FOR SWIFT ACCOUNTABILITY & CLEAR PAYMENT STRUCTURE
(Even under such harassment these contractors want in to Iraq so bad and are willing to put up with it. They know the money to be made…..)
APIKUR demands security guarantees & transparent payments to resume Kurdistan’s oil exports, stressing $1B/month losses. While welcoming Baghdad-Erbil talks, firms await written deals to unlock stalled $400M investments and boost Iraq’s energy sector recovery.
Amid ongoing disruptions in oil exports from the Kurdistan Region and a recent attack on a private oil facility, Col. Myles B. Caggins III, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR), reaffirmed the consortium’s commitment to Iraq but stressed the need for protection, transparency, and swift action by the Iraqi and Kurdish authorities.
Speaking in an exclusive interview with Kurdistan 24, Col. Caggins denounced the recent assault on a private oil production facility, calling for immediate accountability. “We want the perpetrators to be caught. And as the government of Iraq has said, we want them to be punished swiftly and severely,” he stated. He emphasized that APIKUR member companies operate as private entities, and it is the responsibility of the Iraqi federal and Kurdistan Regional Governments (KRG) to ensure their safety.
Trust in Iraqi Investigative Process, but Security Concerns Persist
Referring to statements made by Iraqi Prime Minister Mohammed Shia’ al-Sudani, Caggins noted, “We trust that he will have his team do a quick and detailed investigation.” He added that the unique nature of Iraq’s security environment often results in contradictions: “On one day, you can have an attack in the morning and a deal signed in the afternoon.”
He dismissed any suggestion that the Iraqi government was behind the attack but warned of destabilizing actors: “Some group is doing evil while there are arrangements for new oil deals that are happening between HKN and the central federal government of Iraq.”
Risk Assessment and Continued Investment Amid Political Volatility
APIKUR, comprising eight member companies including HKN, has collectively invested over $10 billion in the Kurdistan Region since February 2005—at the height of Iraq’s civil war. “Our companies have remained committed…through the threats of ISIS,” Caggins said, while acknowledging that each company must independently assess risks daily.
He cautioned that attacks like the recent one are “dangerous and disruptive,” which may prompt companies to temporarily halt operations while reassessing their security posture. Still, he stressed: “There’s risk and then there’s also reward.”
Stalled Exports and Financial Transparency: APIKUR’s Demands
The prolonged closure of the Iraq–Turkey pipeline, now over two years, has cost all stakeholders an estimated $1 billion per month. Caggins revealed that on July 12, APIKUR met with KRG and federal officials to present conditions for resuming exports. Chief among them is a transparent payment mechanism that addresses outstanding dues.
“We need to have transparency for how we will receive payments,” he said, advocating for either direct cash or in-kind payments via barrels of oil, facilitated by SOMO. “We want paper. We want signatures. We want stamps,” Caggins asserted, underlining the need for contractual guarantees.
APIKUR has also proposed an escrow system through an international bank independent of Iraq’s financial institutions to secure payments.
International Price Advantage and Revenue Potential
Caggins emphasized the economic urgency of restoring international sales: “The oil that is sold on the international market is around $70 per barrel, and the oil that is sold locally is only about $30.” He underscored that resumed exports would generate more state revenue, enabling Baghdad to address salary arrears and invest in infrastructure.
“We believe that our business of producing and selling oil should not be caught into the budget disputes between Erbil and Baghdad,” he added.
Pipeline Reopening: A Test of Political Will
Caggins highlighted recent Iraqi and Kurdish statements as signs of progress. Prime Minister Sudani, in a recent meeting with the US embassy and HKN representatives, expressed renewed intent to reopen the Iraq–Turkey pipeline. “We have seen many, many statements. Now we want to see proposals for written agreements,” said Caggins.
He urged all parties to “remain at the table” and finalize a solution that benefits all Iraqis. APIKUR, he added, is optimistic that a resolution may come “in the coming weeks.”
Cooperation With International Stakeholders and Consultant Oversight
APIKUR member companies have engaged with the US and British governments, pressing for a pipeline reopening. “We want to attract more foreign investors,” said Caggins, who affirmed that once agreements are signed, exports can resume within days.
APIKUR supports the involvement of an independent consultant to audit production and costs. “Our companies will fully cooperate… we insist that the calculations are made with the sanctity of our contracts,” he said, noting that Iraq’s federal courts and Ministry of Oil have affirmed the legitimacy of these contracts.
Accepting Article 12: The Path to Implementation
According to Caggins, APIKUR member companies accept Article 12 of Iraq’s federal budget law and have submitted oil export principles accordingly. The group awaits written contracts to activate implementation. “Production is different at each field… What’s important is that our companies agree and accept the budget law,” he explained.
Investment Freeze and Future Outlook
Since the pipeline’s shutdown, companies have had to pause $400 million in planned investments. Once operational, each company will reevaluate new ventures, including drilling and increasing capacity. Caggins stressed that APIKUR supports Iraq’s goal of increasing exports from 4 million to 6 million barrels per day within three years.
“We want to increase the amount of oil that our companies are able to produce… and export that oil to international markets,” he said.
Resolve, Cooperation, and Economic Recovery
Caggins concluded with a call for unity and urgency: “The government’s actions in the past week… have shown a new level of seriousness.” He said elected officials now recognize the need to resume exports to fund salaries and public services. “And if you have money to pay, you need to make more money, and a good way to do that is sell oil internationally.”
MNT GOAT: "Beyond the Hype: The Real Road to Iraq’s Currency Reinstatement", PART . 3
😊And there is yet another good article that brings home our theme of discussion for today too and it is titled “AL-SUDANI’S ADVISOR REVEALS THE MOST IMPORTANT PILLARS OF REVIVING IRAQ’S “TREASURE.”
Saleh, economic advisor to Prime Minister Al-Sudani, said on Tuesday that legislation and industrial policy are the most important pillars of reviving industry in Iraq, stressing that foreign investment is a priority in revitalizing the local market.
Saleh told Shafaq News Agency: “To revive the Iraqi national industry, there are a number of pillars, foremost among which is the strength of pursuing a policy of protecting the national product from dumping policies, through the applicable legislation, especially customs legislation.” So, over the past couple years we witnessed the White Paper reforms being implemented. Remember these “financial” reforms?
Now we are witnessing yet another set of pillars of reform called legislation and industrial policy are the most important pillars of reviving industry in Iraq. Of course in the past they called the Financial Reforms the most important but we must consider that they are talking present tense and so now they have moved on. These are the most important and this alone tells us they have moved on from the Financial Reforms.
This is now their new concentration. Do you see any new articles about the Banking, Insurance or Stock Market reforms? The answer is not many, if any, as these reforms are mostly all completed and so why would they be in the news.
I have to add a note here. The intel gurus keep harping on their nonsense that the articles don’t matter. Really? Did you just witness above how we can see the direction of Iraq by reading and paying attention to the articles, which is the news from Iraq? So why would you not want to know what is happening in Iraq and tell your listeners the TRUTH. Oh… but these sly intel gurus always want an “inside” “secret” person who knows more that what is in the articles. This makes them important. They think this makes them stand out from the rest. Really?
But eventually the lies do catch up to them. Folks there are no such inside people. Even my CBI contact may pass on some news, not yet in the news, but it does eventually make it there, as I have shown you over and over again. By this contact I just get the news a bit early that is all. She is not going to give out any secret info to me. Get it?
So, Al-Sudani’s “pet project” is the Development Road Project. Through this new set of pillars of reviving industry in Iraq is what we should now concentrate on. This fits right into what Saleh is now telling us. This is the path to full sovereignty in many ways. I have already discussed this project with you. There was a very good article describing it in a past Newsletter dated July 1st. If you want to refresh your memory you can go to my Archives and read it while it is still posted there. Remember only about 2 months’ worth of Newsletter are retained there.
So, what is one of the pillars of legislation they tell us about today? They tell us that these industrial cities on the Development Road “are regulated by the Investment Law, into the local industrial system. This is what the current government program is working towards.” Can it get any clearer?
As speculators in the IQD, the reason for following these new set of pillars called for of reviving industry in Iraq is that we are NOT going to see the RV until this Development Road Project is in full swing. Client companies must now come into these industrial cities and set up shop manufacturing something to use in Iraq and to export either in the middle east or around the world. President Trump, once he analyzed this Development Road Project see the potential for great wealth to American companies.
This is not going to be outsourcing of companies but rather setting up “satellite companies” that will bring their profits back to the US. Can you see now too why he just slapped a 30% tariff on all imported goods to the US? He is also hoping there will be many American jobs in Iraq. This situation is much, much different than the cheap Asian labor and massive unbalance of trade now going on with China and Asia where entire American companies moved there to conduct business.
I don’t care what intel guru idiot tells you otherwise. How many times do you have to be fooled before by them until you realize they are scamming you?
TAIF SAMI: THE GOVERNMENT IS COMMITTED TO SUBMITTING BUDGET SCHEDULES
TAIF SAMI: THE GOVERNMENT IS COMMITTED TO SUBMITTING BUDGET SCHEDULES.
Finance Minister Taif Sami stated on Wednesday that the government is committed to submitting the budget tables.
MP Raed Al-Maliki said in a post on Facebook: “Finance Minister Taif Sami informed us today during her meeting at the ministry headquarters that a committee in the Council of Ministers is working to complete the budget tables.”
He pointed out that “the Minister of Finance explained that the reason for the delay is due to efforts to maximize non-oil revenues and find financial sources to cover the budget deficit from fees, taxes, service fees, etc., and that the government is committed to submitting the budget tables.”
MNT GOAT: "Beyond the Hype: The Real Road to Iraq’s Currency Reinstatement", PART . 2
😊There are a few articles that struck me as VERY important in today’s news discussion. The first one is titled “IRAQ IS QUIETLY DISTANCING ITSELF FROM IRAN. HOW IS BAGHDAD BUILDING A BALANCED FOREIGN POLICY?” For more than two decades, Iraq has been trapped between foreign occupation and Iranian hegemony, navigating foreign policy without a clear identity and exploited as a tool rather than a state.
However, in recent months since the Trump administration took power in the US, and particularly since the events in Syria and the transformations taking place there, have opened a rare strategic window for Baghdad to quietly redraw its regional positioning from Iran with measured steps.
Baghdad today is not turning against anyone, but it also no longer accepts its decisions being dictated by those outside its borders. We already witnessed the move to redevelop Iraqi bombed out refineries which are now producing their own petrol and actually announced for the first time since 2003 they are exporting it.
So this move gets Iraq independent of Iranian petrol sales. We are also witnessing the rebuilding of the electric grid that they say will be completed in 2026 using the LNG for fuel, getting Iraq fully off of the Iranian grid. While temporarily tied to the Saudi and Turkey grids for power they can not yet produce.
I will say the largest sticky point today with Iraq is these Iranian backed militia. They call themselves the
😊Another article titled “BETWEEN IMF RECOMMENDATIONS AND BAGHDAD’S AMBITIONS… IRAQ PLANS A NEW ECONOMY”. Prime Minister’s advisor, Mazhar Mohammed Saleh, confirmed on Monday that the government’s reform policy has not deviated from the recommendations of the International Monetary Fund.
While explaining that the government seeks to transform the rentier economy into a diversified, productive economy. “Despite the significant financial exposure to oil revenues, which has made the financing of public spending, especially investment, dependent on oil price fluctuations and the oil asset cycle.
However, it can be said that Iraq possesses promising economic components if they are employed within a realistic and gradual development vision,” Saleh said in a statement to the official media, followed by “Al-Mutalaa”.
He added, “Strengthening the non-oil sector requires a real shift from a rentier economy to a diversified productive economy, something the current government is seeking to achieve within the framework of its government program. This transformation is no longer just rhetoric or intentions, but has taken on concrete manifestations on the ground.
Yes, we have known for a long time that it as been the US as the driving force behind Iraq to get off the sole oil revenues (rentier economy) and on to a “diversified productive economy”.
This has been its foreign policy towards Iraq. I will also say that it has been the US and its push in Iraq to get this done, that is the agent of change to move them ahead. We must also remember that Iraq needs investment money and much of this money would not flow into Iraq until these UN resolutions were completed.
They were completed in 2022. This also coincided with Al-Sudani being elected as the new prime minister. His visions evolved into the “New Development Road Project” and it is this project that is his “pet project” that he wants to see to the end before the end of his second term, should be he be reelected next year. The point I want to make here is that there is a evolution going on here in Iraq. Can you see it? This drastic change had to happen, according to the new foreign policy for Iraq.
Yes, the foreign policy changed since G.W. Bush’s administration and Dr Shabibi’s time. Do you really think they were going to reinstatement the currency without these changes occurring?
For the IMF and the US Treasury these changes are essential to bring the IQD rate high, high enough to be included in the basket of currencies they plan to shortly move out when they reinstate the dinar.
In the high-level futuristic thinking for Iraq it is to be the financial hinge pin for the middle east. How much longer will it take to complete the Development Road Project enough to see major revenue streams I can not tell you, but we see it won’t be long.
https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/BUDGET TABLES: A LEGISLATIVE PRIORITY BEFORE THE END OF THE SESSION
BUDGET TABLES: A LEGISLATIVE PRIORITY BEFORE THE END OF THE SESSION
(I will tell you it will be hilarious when these budget tables do finally become public, especially for 2025 and there is no new RV rate to be had. What will all these intel gurus tell you then when this does not happen their way as they have preached now for months. I will have a very good long laugh….lol..lol..lol.. Idiocy strikes again….. )
As the legislative recess approaches its end, parliamentary demands are mounting for the approval of the general budget schedules before the conclusion of the current parliamentary session. This demand is a pivotal tool for ensuring the provision of services and the implementation of government programs, given the economic challenges facing the country.
Member of Parliament Taama Al-Lahibi told Al-Sabah that “the budget schedules represent a top priority at the present time and cannot be postponed to the next legislative session, as they constitute the backbone of the work of ministries and institutions.” He warned that “delaying them will lead to the disruption of service projects and the exacerbation of financial crises in the governorates.”
MNT GOAT: "Beyond the Hype: The Real Road to Iraq’s Currency Reinstatement", PART . 1
STATUS OF THE RV
WOW! We are passing mid-July already. Where has the summer gone. Folks according to what is happening now in Iraq and all the good news from the IMF I hardly can believe the news could be so good. NO! The RV has not yet happened but if you read my Newsletter today and next Tuesday you will find some amazing news coming our way. I plan to call my CBI contact over this weekend to follow-up on an IMF article, and I want to confirm this news and to get more details before coming forward with it on the blog. So, stay tuned. I do believe we are now getting VERY, VERY close to what we all wanted for so long.
As the headlines tell us for today’s Newsletter, we have witnessed this action by the US as it holds Iraq ransom since 2003 until it bows to conditions that it sets. Why is the US doing this? Isn’t Iraq supposed to be a sovereign nation post 2003 war?
I am learning that this notion of “full sovereignty” for Iraq only goes as far as the US wants it to go. The US is going to act as a “Big Brother” to Iraq and they have no choice in the matter. Even under the Trump administration this attitude towards Iraq will continue but Trump intends to make Iraq a partner not an outsourcing asset.
My take on this this attitude is that the US will at some point finally let go but only after the great wealth (non-oil revenues) start to pour in and they lose control, which will be what they want. I can hardly even imagine the wealth that will come from all these efforts in Iraq. The Federal Reserve will eventually also have to transfer the DFI funds held in NYC banks back to Iraq, they will have no choice. Iraq will then be in more control.
Having said this, I also have to say that much of what the US has asked of Iraq, is actually good for Iraq and should have been done by Iraq themselves years ago. So, the key to making them do it is at all, is using as leverage, the money transfers from the funds in NYC banks by the Federal Reserve.
As investors in the dinar, we have to fully understand here what is going on and stop wishing on a rainbow for the RV. Get it? it is coming and sooner than you think, I assure you! However, there are no secret four letter agencies speaking to anyone about an RV tomorrow or next week or any other time period. It is all nonsense by idiots. When the time is ready for the reinstatement it will kick off with the Project to Delete the Zeros, then monitor for inflation and then if all goes well they will move to reinstate the dinar back to FOREX. There will NEVER, NEVER, NEVER, EVER be two different IQD rates. Did I say NEVER? Read my lips NEVER!
This is a lie from any intel guru that tells you this. To conduct the Project to Delete the Zeros the CBI will make a very significant rate change close to a dollar either way. Then later when the dinar does reinstate whatever rate that is on the global currency exchanges will apply both inside and outside Iraq. For the life of this investment, I don’t know how it can be any clearer.
It does not even make any sense to even think there can ever be two different rates. Get it? It is not even common sense.
So maybe these conditions/requests by the US are not all that bad for Iraq and in the long-term will only help them? However, if you are interested in knowing what is holding back the RV, then listen carefully to the rest of this status of the RV today.
Lots of this we have heard before and will hear again. Today’s articles once again only confirm what I have been hearing from my CBI contact and what other past articles have told us. As we near these events what we read in the articles makes more and more sense to us as we begin to piece it all together and picture becomes clearer.
We then understand the path Iraq is taking. Since 2011 there was a vision developed for Iraq and it took years to push Iraq in the direction needed, if they ever wanted to get their currency back. But this is the time and we are watching this vision play out.
Let’s not confuse the short-term and long-term visions for the Iraqi economy with the process that is needed to reinstate. Two different ideas we are talking about. Even though the vision for Iraq has changed since the Dr. Shabibi time, the process to move the currency back to FOREX has not. This will only happen when the vision at some point meets expectations of those that developed the vision. Get it?
Coffee with MarkZ, joined by Mr. Cottrell. 07/18/2025
Coffee with MarkZ, joined by Mr. Cottrell. 07/18/2025
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 Friday morning….This week sure flew by fast
Member: Yesterday the Genius bill passed and the 9Billion in doge cuts….maybe that is significant for the RV??? Trump signs both bills today
Member: Trump to sign genius act around 2:30 EST time
Member: Anything new and exciting today Mark?
MZ: Unfortunately there is no historic bond news. It has been very quiet
Member: God bless those bondholders....will they ever make it to the end after ALL these years?
Member: Have ANY bond people ever been paid? Serious question. Or Are they all being placed on NDA’s ?
Member: Lots of rumors that the US is going gold backed soon
Member: Wouldn’t make sense to have billions coming in from tariffs in fiat, especially with laws passing
Member: I watch a video and Trump said money is coming on August 1st did you hear anything on that Mark.
MZ: Could be about tariffs, or DOGE cuts……some think its about Nesara/Gesara…..guess we have to wait and see.
Member: I'm looking forward to whatever happens on aug 1...no matter what happens
Member: Frank 26 had some great bank stories last night….and thinks Iraq depegged from the USD yesterday…….it was a really good one
Member: Mark, Frank26 said last night that Dinar no longer pegged to USD.. Have you similarly ??
MZ: No- But I have heard they are getting ready to put it in its basket and then the dinar is no longer associated with the dollar. That is what they did with the Kuwaiti Dinar.
MZ:I do have some very excited folks on the ground in Iraq who feel they will know all their budget numbers next Tuesday. They havn’t said that they are going to have a new dinar rate then….but they are hopeful they are about to get one.
Member: I heard Trump signed a EO banning CBDC
MZ: There are several bills and probably 3 laws already passed outlawing cbdc’s…..
Member: That is a huge relief…..Pray CBDC’s stay dead and buried
Member: FYI I woke up this morning to zero credit card debt….from a credit union
MZ: That is awesome….others have reported similar things.
Member: Mine was wiped off of my credit report. All of it.
Member: Debt is part of the old system with imaginary $$$.
Member: Why is this happening to some and not others?
MZ: For now it appears random. There must be a method to the madness…..we just don’t know. I have a friend that had 170,000 wiped…..but not official until Sept 25th…..but he doesn’t have to pay on it anymore… …very interesting.
Member: 350 Million People in USA will take a while to get through all the debt clearing.
Member: I heard Arizona wrote off $350,009 of medical bills
Member: Some platforms said the triggers were pushed again to Monday
Member: Has HCL been passed in Iraq?
MZ: They have started delivery of oil…..they are making progress
Member: "The Iraq Stock Exchange has decided to launch trading on 120 billion shares of the National Bank of Iraq, Thursday."
Member: "PM Mohammed Shia al-Sudani chaired an emergency cabinet session on Thursday, during which he discussed the issue of oil and non-oil revenues and the agreement with the Kurdistan Regional Government."
MZ: There are a lot of articles about that one….many have gotten repetitive.
Member: I have always had a feeling of Christmas in July!!
Member: Hope all are ready for a great weekend!!! Keep the faith
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions
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