DINAR REVALUATION

Monday, February 24, 2025

MAJEED: THEY HAVE ALREADY ADJUSTED THE PAYROLL ON THE NEW RATE!! ‪@DINARREVALUATION‬

Oil: We Will Receive 185 Thousand Barrels Per Day From The Kurdistan Region As A First Stage, 25 FEB

Oil: We Will Receive 185 Thousand Barrels Per Day From The Kurdistan Region As A First Stage

Iraqi oil refinery Energy Economy News – Baghdad The Undersecretary of the Ministry of Oil for Extraction Affairs, Basem Mohammed Khudair, confirmed today, Sunday, that the ministry will receive about 185 thousand barrels per day from the Kurdistan Region as a first stage after resuming oil exports through the Turkish port of Ceyhan, while he indicated that the quantity will gradually increase to 400 thousand barrels per day.

"The suspension of exports from the Kurdistan Region during the past period caused a problem for the oil fields in the region, and a period of rehabilitation is needed to restore their production capacity, with the aim of reaching the export of 400,000 barrels per day, which is the minimum quantities stipulated in the budget," Khadir said in a televised statement followed by "Al-Eqtisad News."

He added that "the quantity currently available for export in the region is 300,000 barrels per day, part of which is allocated for internal use, while the remaining 185,000 barrels will be allocated for export."

He pointed out that "the past period witnessed a visit by a delegation from the Ministry of Oil to the region, and it was agreed to form joint committees to follow up on the mechanisms for resuming oil exports," explaining, "We were informed by the region of its readiness to start the export process."

He continued, saying, "The technical teams of the North Oil Company and representatives of the Kurdistan Region are working to inspect the oil export pipelines and ensure their suitability and readiness to resume pumping oil through them."

Khadir confirmed that "the Ministry of Oil has contacted the Turkish side to inquire about the readiness of the pipeline designated for export via the port of Ceyhan, and we are awaiting an answer within the next 24 hours."

He also stated that "the ministry is keen on the continuity of export operations via the port of Ceyhan as part of a strategic vision for the relationship between Iraq and Turkey, and there is continuous communication with the region and the Turkish side to ensure the continuation of cooperation and export." https://economy-news.net/content.php?id=52947

TIDBIT FROM FRANK26, 25 FEB

Frank26

Everything that we read every day has nothing to do with 1310. Does this International global system have anything to do with 1310? No.

Does the complete overhaul, change, blood transfusion of the banking system, the monetary performance system of Iraq, completely changed, do you think they didn't change the 1310?

Iraq...is international without a doubt.

The problem is they have not release the REASON why you are international yet. That will be a new exchange rate with a new denomination of currencies called the lower notes.

FIREFLY: New Money Exchange Centers! WE WILL MUST RETURN THE 3 ZEROS NOTES! #iqd #iraqidinar

Foreign Remittances Constitute More Than 93% Of The Central Bank’s Sales, 25 FEB

Foreign Remittances Constitute More Than 93% Of The Central Bank’s Sales.

Time: 2025/02/23 Reading: 960 times {Economic: Al Furat News} Foreign remittances, today, Sunday, in the sales of the Central Bank of Iraq, reached more than 93% in the hard currency auction.

The bank sold in its auction today 293 million, 340 thousand and 631 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to strengthen the balances abroad in the form of transfers and credits, which amounted to 275 million, 440 thousand and 631 dollars, at a rate of 93.82%, compared to cash withdrawals amounting to 17 million, 900 thousand dollars.

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 5 banks, and the total number of exchange companies participating in the auction was 23 companies. LINK

TIDBIT FROM WALKINGSTICK , 24 FEB

Walkingstick

When the new currency comes out both Baghdad and the Kurds will use the same IQD but only Sudani will control the currency.

Only Sudani will control the country with the CBI... Sudani control the new exchange rate, not Barzani, not parliament, not even Trump.