DINAR REVALUATION

Thursday, February 27, 2025

FIREFLY: Our national resources will rise in value...That's basically talking about the dinar.!!

AFTER A “DIFFICULT LABOR”, THE 2025 BUDGET TABLES FINALLY FIND THEIR WAY TO THE COUNCIL OF MINISTERS, 27 FEB

AFTER A “DIFFICULT LABOR”, THE 2025 BUDGET TABLES FINALLY FIND THEIR WAY TO THE COUNCIL OF MINISTERS

A responsible source in the Iraqi Ministry of Finance stated on Monday that the delay in sending the federal budget tables to the Council of Ministers is related to amendments to Article 12 of the Budget Law.

The Iraqi parliament recently approved an amendment to the general budget related to Article 12, which settles a dispute between the Kurdistan Region and the federal government over receiving the region’s oil.

In summary, the Iraqi Parliament voted in June 2023 on the draft general budget law for the fiscal years (2023, 2024, 2025), to approve special budget tables for those years, which will be sent by the Iraqi government to Parliament for voting.

The government source told Shafaq News Agency, “The Ministry of Finance has been working for some time on preparing the general budget tables for the year 2025, in order to send them to the Council of Ministers for approval .”

He pointed out that “the Ministry of Finance will finish preparing the tables and send them to the Council of Ministers for voting on them in the middle of next month,” noting that “the Council of Ministers will vote on the tables without delay and then send them to the House of Representatives for voting on them.”

The Federal Ministry of Oil announced yesterday, Sunday, the completion of the necessary procedures to complete the export of oil produced in the Kurdistan Region via the Turkish port of Ceyhan, stressing that this step comes in accordance with the mechanisms specified in the budget law and its amendment, and within the production ceiling set for Iraq in the OPEC organization.

The Kurdistan Regional Government’s negotiating delegation responded to the Ministry of Oil’s announcement by calling on the federal government to implement its obligations before proceeding with the oil export process.

The delegation explained that despite the regional government’s confirmation of its commitment to implementing the first amendment law to the federal general budget law, which relates to re-exporting oil produced from the region’s fields to the Turkish port of Ceyhan via SOMO, implementing the law requires agreement on several basic points, including determining the quantities allocated for local consumption in the region, in line with actual needs, similar to the rest of Iraq, and establishing a clear and specific mechanism for paying the dues of production and transportation companies to the regional government, in accordance with what is stated in the law.

FIREFLY: Our national resources will rise in value...That's basically talking about the dinar.!!, 27 FEB

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: Mr Sammy said Sudani in his speech to the Iraqi citizens said very clearly, our national resources will rise in value...That's basically talking about the dinar...If it rises in value it's because the exchange rate gave it that rise in value. And remember they talked about returning to former rate of $3.22 back in the day and that was based off just the oil revenue.

FRANK: They can come out at 1 to 1 but that would be rather cowardly. Why would you want to be 1 to 1 with the American dollar and be dragged down? This is a reinstatement of your currency. Put it back at $3.22 ad let it float. When it gets to $4 something, cap it. This is a reinstatement...

MZ: When the bond holders get their money …we are very close!! @DINARREVALUATION #iraqidinarinvestor

NECHIRVAN BARZANI TALKS ABOUT A HISTORIC STEP: IRAQ WILL BE MORE PROSPEROUS , 27 FEB

NECHIRVAN BARZANI TALKS ABOUT A HISTORIC STEP: IRAQ WILL BE MORE PROSPEROUS

Kurdistan Region President Nechirvan Barzani stressed today, Saturday, that the path of development is a historic step towards building a more prosperous Iraq.

Barzani said in his speech during the Baghdad Dialogue Conference, “We support the development path project to strengthen Iraq as an effective state in the Middle East. We in the Kurdistan Region always believe that political and economic stability for all of Iraq is a national interest, and that true development cannot be achieved without integration between Baghdad and Erbil, as well as between Iraq and its surrounding countries in the region and the world.”

He added, “This conference emulates Iraq’s vision for regional opening and integration, and the sustainability of Iraq requires cooperation and partnership, not conflict and restriction. From this standpoint, the Development Road Project comes as an initiative and a historic step to build a more stable and prosperous Iraq on diverse economic foundations, regional openness, and integration with neighboring countries.

STATUS OF THE RV. PART. 5 BY MNT GOAT, 27 FEB

STATUS OF THE RV. PART. 5

☹ Also in the news this period is an article titled “LEADER IN THE FRAMEWORK: AMERICA IS EXPLOITING IRAQ’S MONEY IN THE FEDERAL BANK TO UNDERMINE ITS AUTONOMY”.

The leader of the Coordination Framework, Salam al-Zubaidi, confirmed today, Saturday, that the United States is exerting security and political pressure on Iraq in a number of files, including oil, and undermining its autonomy through the money it deposits in the US Federal Bank.

Al-Zubaidi said in an interview with /Al-Maalouma/ agency, that “America is exerting pressure on Iraq politically and security-wise, while Iraq has autonomy and decisions that must be respected by everyone,” indicating that “exporting oil is an internal matter that does not concern the United States, even if the money from Iraqi exports goes to the US Federal Reserve, which undermines Iraq’s autonomy in this matter.”

This article is referring to blackmail by the U.S. holding Iraq oil revenues in the DFI fund in NYC banks. The U.S. uses this money as leverage to get what they want even though Iraq has been fully out of Chapter VII sanctions since Dec 2022.

Since this time this money in the DFI should have been released to Iraq and put into their sovereign fund that Saleh has talked about creating in many articles. Of course, Iraq should also be able to get off the petro-dollar for oil sales too. This was part of the sanctions, which are now released. Why won’t the US let them?

☹Then in another article we see proof of what the leader Salam al-Zubaidi, told us on Saturday, that the United States is exerting security and political pressure on Iraq in a number of files, including oil. Take a peek at another article titled “REUTERS: TRUMP ADMINISTRATION GIVES IRAQ A CHOICE BETWEEN QUICKLY RESUMING KURDISH OIL EXPORTS OR FACING SANCTIONS”. The United States of America threatened, today, Friday, February 21, 2025, the federal government in Iraq with sanctions if the Kurdistan Region’s oil exports are not resumed quickly. Reuters quoted sources as saying: “The administration of President Donald Trump asked Iraq to resume (Kurdish) oil exports quickly or face sanctions alongside Iran.” Do you now see the situation in Iraq when I say its “an uphill battle” to get back their national sovereignty? When will Iraq truly be a free nation again? I though we fought a war to free Iraq from tyranny. Did we free them from the mouth of one tiger into the mouth of another? Folks it been 20 years since the end of the war!

Can you see how many of these article are interconnected. The news is not stand alone but gives us a picture of the situation going on in Iraq. We don’t need some idiot secret contact lying to us.

😊 Yes, there is a bit of good news too today. In the article titled “THE DOLLAR DECLINES IN IRAQ.. STABILITY OR TEMPORARY CALM?” Today, Tuesday, the local Iraqi black markets witnessed a noticeable decline in the exchange rate of the dollar against the dinar. The dollar breaking the 150,000 dinar barrier for the first time in months is a positive development, but it does not necessarily mean that the crisis is over.

The matter remains subject to the ability of the government and the Central Bank to maintain this stability and prevent speculation that may return the dollar to its upward path again. Is this decline the beginning of an economic breakthrough, or just a temporary break before a new wave of increases? All I can add to this is I hope this trend continues but I have to also say that unless they get of the sole peg to the US dollar they will continue to suffer. Will the US support this effort now that Trump is president? Will the Trump administration have a new change in foreign policy for Iraq for the better or worse for Iraq? So, far it is leaning to the worse side….. just saying…

I encourage everyone to continue our prayers. These are the prayers that God wants to hear. He needs to know your concerns and wants to help.

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