MARKZ: Rates would fluctuate between $4.05 to $5 on the dinar!! @DINARREVALUATION #iraqidinar

 

The Iraqi Oil Ministry completes the project to connect 28,000 tankers to the GPRS system, 7 APRIL

 The Iraqi Oil Ministry completes the project to connect 28,000 tankers to the GPRS system. 

4/6/2025

The Oil Products Distribution Company, a subsidiary of the Iraqi Ministry of Oil, announced on Sunday the completion of a project to connect tankers to the GPRS (tank tracking system), after including more than 28,000 government and private tankers in the project.

The company's general manager, Hussein Talib Abboud, said in a statement received by Shafaq News Agency that the project was completed with continuous follow-up from Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani, noting that it represents part of a larger project to automate the distribution sector across the country. He explained that the system contributes to electronic and security monitoring of the movement of petroleum products, and significantly reduces smuggling and trafficking operations.

Aboud added that the system is linked to a unified data center that monitors tanker traffic around the clock. This data can be accessed when needed to track the vehicle's route and stops. He noted that the project was implemented in cooperation with the Ministry of Communications/Al Salam General Company.

For his part, the Director of the Inspection Authority, Alaa Adnan, explained that the Authority is continuing to adopt modern technology and applications in its inspection work, noting that the company has begun to reap the benefits of the GPRS system in reducing smuggling and tampering, and ensuring that petroleum products reach their intended beneficiaries.   LINK

IRAQ JUST DROPPED TWO BOMBSHELLS — AND NOBODY’S PAYING ATTENTION, 7 APRIL

 IRAQ JUST DROPPED TWO BOMBSHELLS — AND NOBODY’S PAYING ATTENTION 🇮🇶🔥

1. Iraq CONFIRMS Oil Hedging — Welcome to the Big Leagues

PM Adviser Salih just revealed Iraq has hedged its oil revenues — shielding its entire economy from price drops.

This isn’t just smart. This is what sovereign, globally integrated economies do.

Iraq just joined that club.

Hedge against market downturns and profit during volatility.

Iraq just did it—at a national level—with oil as the asset. That’s their #1 export.

Translation: They’re ready to enter the big game.

—

2. Budget Tables (2025) Are DONE — Sent to Al-Sudani’s Cabinet for Approval

Minister of Planning Tamim confirmed the tables are now in the hands of the Council of Ministers.

This is the exact process:

•Cabinet votes

•Parliament reviews and votes

•Budget goes public

That means the exchange rate is likely finalized or about to be locked in.

And guess what? No new projects were added.

Why? Because this is a budget for activation, not experimentation.

They’re ready to execute. Not guess.

—

3. Salaries Paid Early — Internal Stability Locked In

Salaries — including for retirees — were paid before Eid al-Fitr.

That’s strategic. It sends a message:

“We’re stable, liquid, and ready.”

They want the public calm before a massive shift.

—

Bonus: The Budget is 200 Trillion IQD With a 64 Trillion Deficit

Sounds huge, right? But here’s the kicker:

At a new rate that budget shrinks massively in USD terms.

This is the setup phase.

The budget was designed with a different exchange rate in mind.

It’s all lining up.

—

Final Take:

Iraq just:

•Hedged oil like a global player

•Finalized budget tables

•Secured internal stability

•Sent all signals quietly — no hype, just precision

Watch the Council of Ministers like a hawk.

That’s the next step before the floodgates open.

MARKZ: Rates would fluctuate between $4.05 to $5 on the dinar!! @DINARREVALUATION #iraqidinar

 

Resuming Oil Exports From Kurdistan: A Step Toward Additional Resources For The Federal Government, 7 APRIL

 Resuming Oil Exports From Kurdistan: A Step Toward Additional Resources For The Federal Government

Time: 2025/04/05 Read: 1,770 times   {Economic: Al Furat News} Jamal Kocher, a member of the Parliamentary Finance Committee, confirmed today, Saturday, that the invitation of the Federal Ministry of Oil to the Kurdistan Region to meet regarding the resumption of the region’s oil exports represents an important and positive step.

"There is a significant financial resource that has not been fully utilized by the federal government," Kocher told Al Furat News Agency. "Resuming oil exports will boost the country's economic resources."

He added, "The federal government continues to pay the Kurdistan Region's dues, including salaries, noting that oil exports represent an additional source that can be leveraged to support the general budget and strengthen the country's financial situation."

He explained that "this cooperation between the federal government and the Kurdistan Region may contribute to achieving greater economic stability in the future."  LINK

NEWS ROOM WITH CHELLA : Iraq's Financial Revolution: Banking Changes, Oil Disputes Explained!, 7 APRIL

 NEWS ROOM WITH CHELLA : Iraq's Financial Revolution: Banking Changes, Oil Disputes Explained!

Highlights

Summary

In this week’s installment of Newsroom, host Charles Smith navigates the complex economic landscape of Iraq, highlighting significant growth indicators, international relations, and ongoing initiatives aimed at stabilizing and expanding the economy. 

The report reveals that Iraq’s total income has surged to 452 billion dinars, showcasing a remarkable 31.7% increase. Despite the challenges posed by U.S. tariffs under President Donald Trump’s administration, 

Iraq has managed to mitigate direct economic impacts through diverse trade partnerships with countries like Turkey, China, and the UAE.

Key meetings are taking place, including discussions between Iraq’s first deputy speaker and the U.S. ambassador focusing on political cooperation and economic stability. There’s also an emphasis on the strategic use of emergency reserves to address urgent expenses, with calls for regional cooperation to enhance oil export processes.

 Additionally, Iraq’s banking sector is evolving, highlighting trends such as increased private deposits and growth in small business loans. However, challenges remain in maintaining liquidity and managing inflation, which recently showed a promising drop.

In light of national development efforts, the Iraqi government is bolstering initiatives in vital sectors like energy, healthcare, and education, with plans for improved banking services and infrastructure investments. As the country emerges from challenging economic times, prospects for growth hinge on both domestic reforms and international partnerships.

• 📈 Total income in Iraq reaches 452 billion dinars, marking a 31.7% growth.
• 🌍 Iraq successfully mitigates the impact of U.S. tariffs through diverse import sources.
• 🤝 Bilateral discussions between Iraq and the U.S. focus on political stability and economic projects.
• 💰 Strategic use of emergency reserves in the 2023 budget aims to cover urgent expenditures.
• 🛢️ Oil export processes are under review, with a call for cooperation among regions.
• 📊 Banking sector shows mixed trends with rising private deposits and increased small business loans.
• 🏦 National Bank of Iraq expands with significant profit growth, focusing on modernization and digital services.

Key Insights

• 📉 Growth Amidst Challenges: Despite facing external pressures like U.S. tariffs, Iraq’s economic resilience is evident through its strategic trade relationships. 90% of its imports now come from partners who are not directly affected by these tariffs, showcasing a diversifying economy that can withstand geopolitical shifts. This suggests a forward-looking approach in trade negotiations and economic planning, which could serve as a blueprint for other nations facing similar challenges.

• 🔄 Bilateral Relations with the U.S.: The meeting between Iraqi and U.S. officials underscores the importance of international partnerships. By emphasizing political and economic cooperation, Iraq is positioning itself to strengthen ties and attract foreign investments. This focus on bilateral relations is critical in navigating the complexities of Middle Eastern geopolitics and fostering a secure investment climate.

• 📋 Emergency Reserves Utilization: The introduction of emergency reserves in the budget indicates a proactive measure to manage fiscal challenges. This financial strategy allows Iraq to address unforeseen expenses without jeopardizing ongoing projects. The legal framework surrounding these reserves ensures accountability and transparency, vital for investor confidence and economic stability.

• 🔍 The Need for Oil Export Negotiations: Oil remains a cornerstone of Iraq’s economy, and the ongoing discussions surrounding export mechanisms highlight a critical area for improvement. There is an acknowledgment of the necessity for mediation and international support, which indicates a willingness to collaborate for better fiscal governance and operational efficiency in the oil sector.

• 💡 Banking Sector Growth: The metrics reflecting growth in private deposits and small business loans signal an increasing accessibility of financial services. The improvement in lending practices is essential for driving economic growth and entrepreneurship in Iraq. The diverse trends within the banking sector also point to a need for strategic adaptation to market dynamics, which could improve overall economic health.

• 📉 Inflationary Pressures Easing: The recent drop in inflation (35.56%) signals improved price stability, which is crucial for consumer confidence and spending. An effective management of liquidity and currency control has likely contributed to this stabilization, showcasing the central bank’s role in overseeing economic health.

• 💼 Sectoral Development Initiatives: The commitment to advancing development in energy, healthcare, and education reflects the government’s strategic priorities aimed at future growth. Such initiatives not only focus on immediate economic needs but also point towards a sustainable development model that considers long-term benefits for society and investment communities.

Through these insights, it’s clear that Iraq is undergoing a challenging yet transformative period in its economic landscape. The interplay of internal measures, international partnerships, and sectoral reforms will play significant roles in shaping its economic future as it strives toward enhanced stability and growth. The progress seen in various economic indicators, despite existing challenges, offers a cautious optimism for Iraq’s trajectory in the coming years.

REPORT FROM MR SALVAGE The pentecostal group leader Betzabe report they are liquid !#iqd