Prime Minister’s Foreign Affairs Advisor Farhad Aladdin denied, on Saturday, reports of US sanctions if oil exports from the region did not resume.
Aladdin said in statements followed by {Euphrates News}: “Iraq denies reports that said that the country may face US sanctions if oil exports from the Kurdistan region do not resume.
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He added that “there is no truth to media reports claiming threats to impose sanctions on Iraq if oil exports from the Kurdistan region do not resume.”
He pointed out that “in all recent contacts with the US administration, there was no threat of sanctions or any form of pressure on Iraq.”
Judy Note on EXCHANGING CURRENCY AND REDEEMING ZIM BONDS
I am not an authority on currency exchanges or ZIM Bond redemption, but I am frequently approached for guidance. The below reflects my personal opinion only and is intended to provide general understanding of the process.
Based on my understandingand personal opinion, here is an outline of the possible process:
WHITE HAT MILITARY OVERSIGHT: The White Hat Military oversees all exchanges and redemptions. Their advanced Quantum Computer system has complete access to personal data, including changes in addresses, contact details, and the purchase history of currencies and ZIM Bonds.
PERSONAL INVOLVEMENT REQUIRED – Only you can exchange your currency or redeem your ZIM Bonds. – The Quantum Financial System links transactions to your unique DNA and body rhythms, ensuring secure identification.
RATES AND HUMANITARIAN PROJECTS – Currency rates are uniform for everyone, though you may request the Dinar Contract Rate. – The redemption rate for ZIM Bonds is contingent upon your personal Humanitarian Project. – If you don’t have a personal Humanitarian Project, you will receive a set default rate on your ZIM.
NO THIRD-PARTY EXCHANGES – No one can negotiate or exchange on your behalf. – If you’ve entrusted your currency or ZIM Bonds to someone else, retrieve them immediately. Failure to do so will result in the loss of your ability to exchange or redeem.
DOCUMENTATION FOR GIFTS
– If you were gifted currency or ZIM Bonds, you must present a notarized and dated statement from the gifter, including names, addresses.
LEGAL CONSEQUENCES FOR MISUSE – Anyone refusing to return your assets or attempting to exchange on your behalf could face legal repercussions. – The only exception to involving another person is if they accompany you to your appointment and co-sign the Non-Disclosure Agreement (NDA).
NON-DISCLOSURE AGREEMENT RISKS – Bringing others to your exchange is risky. If they breach your NDA, you will forfeit all funds.
IF YOU LACK PHYSICAL POSSESSION – If you cannot retrieve your currency or ZIM Bonds, schedule a redemption appointment and explain your situation to the representative for further instructions.
US administration may introduce new political and economic measures related to Iraq, Iraqi Deputy Speaker of Parliament, Shakhawan Abdullah, said on Saturday.
At a press conference, Abdullah revealed that he held discussions with the US assistant secretary of state and the head of the US religious affairs commission, pointing out that talks focused on Kirkuk and other disputed areas, which Washington views as a matter of significant concern.
The deputy speaker added that the new US administration may introduce several political and economic measures related to Iraq,
a topic that has been repeatedly discussed with the federal government.
Abdullah highlighted Kirkuk’s historical significance as a center of geopolitical struggle due to its rich intellectual, mineral, and natural resources, noting that the city “has long faced Arabization policies and demographic changes due to its strategic location.”
He stressed the need for all parties to restore the rights of Kirkuk’s original inhabitants and “erase the impact of successive Iraqi regimes.” Abdullah also confirmed that the Iraqi Parliament has reactivated the Article 140 Committee, aiming to reverse the demographic changes imposed under the former Baath regime.
Al-Rafidain Bank has made a historic move, unveiling the first issuance of national bonds worth a staggering IQD 2 trillion or $1.5 billion.
This groundbreaking initiative launched under the directives of the Ministry of Finance and the Central Bank of Iraq signals a bold step towards economic stability
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These bonds come in two distinct categories... The first category valued at IQD 500,000 offers a 6% annual interest rate payable every 6 months with a maturity period of 2 years. The second, IQD 1 million delivers...7% annually...maturity of 4 years...These bonds are available not only to banks but also to the general public...This initiative marks a new chapter in Iraq's economic landscape.
Prime Minister Muhammad Shia Al-Sudani, to the President of the Kurdistan Region, Negervan Barzani, stressed on Saturday the need to resume oil production in the region and re-export it through the Turkish port of Ceyhan.
The Prime Minister’s Media Office said in a statement received by “Mail”, that “Prime Minister Mohammed Shia Al-Sudani, received the President of the Kurdistan Region, Negerfan Barzani, where they discussed the most important files and topics at the national level, and follow-up on the implementation of the government program in various sectors and fields.
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The Prime Minister pointed to “the importance of proceeding with the implementation of joint agreements, especially in light of the passage of the Council of Representatives of the recent amendment to the Federal Budget Law, in a way that serves the national interest, enhances the Iraqi economy and meets the requirements of our people,” stressing “the need to speed up the start of oil companies in the Kurdistan Region of Iraq to resume oil production and re-export it through the Turkish port of Ceyhan.”
For his part, Barzani stressed “the continuation of communication and cooperation with the federal government for high coordination in all service and economic aspects, within the framework of development, service provision and consolidation of stability.”