AJ 🥳US dollar exchange rate continues to drop in Iraq!!, 24 FEB

AJ 

US dollar exchange rate continues to drop in Iraq This is what we want to see: 1st time I've seen it below 1500 IQDIraq has a parallel market for dinars exchange for dollars. THIS IS HUGE.

Todays rate unofficial 1480 IQD vs. official CBI 1310. The US dollar exchange rate dropped in Baghdad’s Al-Kifah and Al-Harithiya stock exchanges, reaching 1,492.5 dinars compared to 1,499 Iraqi dinars on Sunday morning. The exchange rate in currency exchange shops in Baghdad ranged between 1,500 dinars and 1,480 dinars, Shafaq News reported. In Erbil, the US dollar exchange rate also declined, fluctuating between 1,491.5 and 1,490.5 Iraqi dinars. The Central Bank of Iraq (CBI) said in February 2023 that it has begun using the new US dollar exchange rate of 1,300 dinars to every US dollar. The previous official exchange rate was 1,450 dinars to one US dollar, which was being exchanged in the parallel market at a rate of 1,550 dinars. While the official exchange rate was 1,450 dinars per dollar in January 2023, the US currency was being exchanged at 1,610 dinars during the same month in the parallel market in Iraq. This variation represented a more than 10 percent difference in exchange rates.

Last edited6:52 PM · Feb 23, 2025

MNT GOAT: The solution is to get off the sole peg to dollar"!!

 

The Kurdistan Government announces the agreement with Baghdad to resume the export of oil to the region, 24 FEB

 The Kurdistan Government announces the agreement with Baghdad to resume the export of oil to the region

The Kurdistan Regional Government announced on Sunday that it agreed with the federal government in Baghdad to disclaim the region’s oil exports.

A statement by the regional government, a copy of which was received by {Euphrates News}, said that “on Sunday, after communication and coordination between the Federal Ministry of Oil and the Ministry of Natural Resources of the Kurdistan Region, an agreement and confirmation was made to resume the export of the region’s oil according to the available quantities.”

“Today, a joint technical team has been formed to inspect the export pipe and indicate its readiness,” the statement added.

The regional government stressed the commitment to implement the provisions of the Federal Budget Law.

The Iraqi Ministry of Oil announced on Saturday the completion of all procedures for the export of oil produced in the Kurdistan Region through the Turkish port of Ceyhan, after a two-year pause due to differences between Baghdad and Erbil.

The oil minister unexpectedly announced on Monday the resumption of exports from Kurdistan next week in a move that would end a nearly two-year dispute that led to the interruption of supplies of more than 300,000 barrels per day entering world markets through Turkey.

Turkey suspended 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.

Share if you want

https://alforatnews.iq/news/حكومة-كردستان-تعلن-الاتفاق-مع-بغداد-على-استئناف-تصدير-نفط-الاقليم

TIDBIT FROM CLARE, 23 FEB

  Clare 

 Article: "Baghdad comments on Washington's threats not to resume Kurdistan oil exports" Quote: "The Iraqi government denied, 

on Saturday, all media reports that claimed that the United States threatened to impose sanctions on Iraq if oil exports from the Kurdistan Region were not resumed. ..

Reuters quoted eight sources in Baghdad, Washington and Erbil, who have direct knowledge of the issue, as saying that “increasing pressure from the new US administration 

was a major driver behind the Iraqi oil minister’s announcement last Monday that exports from the region would resume next week"

MNT GOAT: The solution is to get off the sole peg to dollar"!!@DINARREVA...

UN: Iraq Is Going Through A Critical Phase And Al-Sudani Has A Clear Vision For Reform, 23 feb

 UN: Iraq Is Going Through A Critical Phase And Al-Sudani Has A Clear Vision For Reform

The Special Representative of the Secretary-General of the United Nations, Mohammed Al-Hassan, stressed that Iraq and the Middle East region are going through a critical phase that requires unified efforts to ensure security and stability.

Al-Hassan said, during his speech at the seventh edition of the Baghdad International Dialogue Conference, that Iraq, with its long history, needs a constructive dialogue based on the country's interest, stressing the importance of cooperation to face challenges.

He pointed out that Prime Minister Mohammed Shia Al-Sudani has a clear vision for developing services and enhancing security and stability, stressing that the United Nations will continue to support Iraq in its efforts to achieve development and enhance stability.https://www.radionawa.com/all-detail.aspx?jimare=41240

FIREFLY UPDATE, 23 FEB

 Frank26  

[Iraq boots-on-the-ground report] 

FIREFLY: Mr Sammy said [opinion] there is a rate and they have, they just not ready to show it yet but it's getting close with the budget  tables and oil coming.  

FRANK:  We're also looking for a printing of the budget...