DINARLAND UPDATE, 9 DEC

DINARLAND UPDATE

Summary

Iraq’s political turmoil affects economic reforms and currency rates, with significant changes expected in banking and financial systems.

Highlights

• 💰 New exchange rates for IQD and VND may be released soon.
• 🏦 Over 6,000 redemption centers in the U.S. will facilitate currency exchanges.
• 📈 Contract rates for the Dinar may offer better returns than standard bank rates.
• 🔍 Political infighting in Iraq threatens economic stability and reform efforts.
• ⚖️ Sudani’s reforms aim for accountability amid pervasive corruption.
• 🌍 Improved banking systems could enhance international trade and investment.
• ⏳ Anticipation grows for significant market changes this weekend.

Key Insights

• 💵 Redemption Centers: The existence of over 6,000 redemption centers indicates a structured approach to currency exchange, significantly impacting investors and currency holders. This infrastructure aims to provide better rates and services, enhancing user experience.

• 📊 Contract Rates: The availability of contract rates for the Dinar suggests potential wealth creation opportunities for holders, as these rates are designed to incentivize investment and participation in the currency market.

• ⚠️ Political Landscape: The ongoing political struggles in Iraq, characterized by accusations and corruption, may hinder economic reform, underscoring the need for stable governance to support financial growth.

• 🔄 Economic Reforms: Sudani’s push for economic reforms signifies a critical turning point for Iraq, with potential benefits for the Kurdish economy and the citizens, provided these reforms can withstand internal resistance.

• 🤝 International Relations: Strengthening banking systems can facilitate better financial transactions between Iraq and international partners, promoting trade, investment, and economic cooperation.

• 📈 Market Anticipation: The phrase “white knuckling” highlights the anxiety and excitement surrounding potential market shifts, indicating that stakeholders should stay vigilant for upcoming announcements that could reshape financial landscapes.

• 🌐 Citizen Engagement: Increased citizen engagement in political and economic discussions is vital for fostering accountability and transparency, which are necessary for a healthy democracy and robust economy.

FIREFLY: THEY WON'T BE COMPLETED UNTIL THE EARLY PART OF 2025!! @DINARREVALUATION #iraqidinar

 

FRANK26: "NOISE.", 9 DEC

 KTFA

FRANK26: "NOISE."..........F26

Article 12 of the budget ignites a dispute in the Iraqi parliament.. What does it include?

 

12/5/2025

 

Once again, the Iraqi parliament is in a dispute over the general budget articles. Until now, neither the Finance Committee nor the political blocs have agreed on Article 12, which includes compensating the Kurdistan Regional Government for the costs of production and transportation for extracting oil in the region.

Regarding the details of the article to be amended, the representative of the Kurdistan Democratic Party bloc, Jiay Timur, says, “A specialized international company will visit the oil fields in the Kurdistan Region to find out the cost of extracting oil from those fields, according to the amendment to the budget law and the political agreement.”

Timur explained in an interview with Shafaq News Agency, "The Iraqi government previously calculated in the budget law the cost of extraction at $6, and this is a very small number, and foreign companies working on extracting oil say that the cost reaches $26 per barrel."

He added that "most of the oil fields in the region are in the mountains and rocks, and drilling oil wells reaches thousands of meters, which is very expensive."

The representative of the Kurdistan Democratic Party bloc continued, "The Iraqi government included in the amendment to the budget law $16 for the cost of extracting a barrel of oil in the Kurdistan Region."

For his part, member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, told Shafaq News Agency, "The Parliamentary Finance Committee held a meeting this afternoon to discuss amending the General Budget Law, and that the amendment includes Article 12 of the law only."

He pointed out that "the Finance Committee held a meeting with officials in the Ministry of Oil, considering that it is a technical body concerned with that, and also requested a meeting with the Minister of Finance, but unfortunately the Minister did not attend."

Al-Kadhimi also indicated that "the Parliamentary Finance Committee submitted a request to the Presidency of the Council of Representatives to withdraw the amendment to the budget law from the agenda of today's session, considering that the committee has not completed the observations and discussion on the budget law."

LINK

BROTHERS TECHNOLOGY: " THE SMOKE SCREEN HAS BEEN ACTIVATED" , 8 DEC

 BROTHERS TECHNOLOGY

🚨🇮🇶 I Believe the smoke screen has 🇮🇶🚨

Been Activated. Pay attention to detail, who is the speaker of the house? what I thought 🤣

DINAR REVALUATION REPORT: " WE MAY BE GOING TO THE BANKS AS OF THIS WEEK!!!!" , 8 DEC

 DINAR REVALUATION REPORT

This might just be the thing we've all been waiting on! They also announced a 4 day celebratory event starting as of the 8th of December to the 12th! What does that mean? We may be going to the banks as of this week!!!

FRANK26……12-6-24……SUDANI CONTROLS

Is Iraq Affected Economically By The Current Events In Syria? Al-Sudani’s Advisor Explains, 8 DEC

 Is Iraq Affected Economically By The Current Events In Syria? Al-Sudani’s Advisor Explains

Money and business  Economy News – Baghdad  The Prime Minister's Advisor for Economic Affairs, Mazhar Mohammed Salih, confirmed the strength of the Iraqi economy, its financial flows and its trade relations, noting that this economy was not affected by the tensions taking place in the Syrian arena.

The Syrian economy is a sanctioned economy by countries such as the United States and some other European countries, and therefore all banking relations (for Iraq) with Syria are basically unavailable," Saleh said.

He explained that "trade with Syria is mostly border trade and consists of simple, natural civilian goods such as agricultural crops or something like that."

Limited" impact on border trade

Regarding the impact of the events in Syria on the exchange rate of the dollar in Iraq, Mazhar Muhammad Salih said that “the current events are in Syria and not in Iraq,” adding that “the problems in Syria may affect some of the simple border trade known, or which is civil or related to the tourism sector, and some simple problems and disturbances may occur, but they are not major disturbances.”

Coinciding with the advance of the Syrian armed opposition forces and their control over Syrian cities, the currency exchange markets in Baghdad witnessed, last Friday evening, a rise in the dollar exchange rate from 1495 dinars to 1510 dinars per dollar.

The Iraqi Prime Minister's advisor for economic affairs pointed out that "the Iraqi economy, by nature, has high cash flows from its oil trade and global trade with large trade sources, while the minor fluctuations that are taking place are nothing but colorful noise."

He explained that "the parallel markets usually benefit from any political event in neighboring countries, for example, to raise the price, and for speculators to benefit, so this is a temporary speculation that leads to very simple price disturbances, and has no relation to the Iraqi economy, and is called information markets, so what is happening in Syria at the present time will not affect the Iraqi economy, and our economy is completely isolated from the Syrian issue."

It is noteworthy that the volume of trade exchange between Iraq and Syria has exceeded the one billion dollar barrier, according to the head of the Iraqi-Syrian Business Council, Hassan Sheikh Zeini.

There are joint committees between the two countries looking for a mechanism for trade exchange away from the dollar, as Syria currently exchanges with the European currency, the euro, and the two countries may use the Russian ruble, the Japanese yen, the Chinese yuan, the Emirati dirham, or other currencies to sustain trade exchange between them, according to Sheikh Zini.

"Iraq is economically fortified"

Saleh stressed that "the country is immune and there is no fear for our trade because it is governed by the central policies of the state," noting that "Iraq obtains its budget from major oil revenues, which strengthen the banks' finances and finance Iraq's foreign trade, not the domestic market," adding that "the parallel market is a completely superficial market and does not indicate anything in reality about the Iraqi economy at the present time."

The Prime Minister's advisor for economic affairs stated that "the parallel market benefits from the neighboring unrest and does not pose any threat to the Iraqi economy and does not represent anything, and we are immune to what is happening in Syria," explaining that "the problems in Syria are not new to it and have existed since 2011, so there is no fear for the Iraqi economy, which is immune and neutral from the problems of others."

Saleh stressed that "our policies are disciplined, so what is happening in Syria does not affect the overall economic situation, and an increase in the exchange rate by one or two dollars could quickly return to its previous state, perhaps through a single statement."

He believed that "Iraq's economic situation is secure, its oil policies are calm, its trade relations with the outside world are going well, and its cash flows from cash revenues are good and beyond reproach, and thus the economic situation is stable."

https://economy-news.net/content.php?id=50611