Within hours... the region's oil will be re-exported through SOMO, 28 FEB

  Within hours... the region's oil will be re-exported through SOMO

The Ministry of Oil announced today, Friday, that the coming hours will witness the re-export of Kurdistan Region oil through the State Oil Marketing Company (SOMO).

"Deputy Prime Minister for Energy Affairs and Minister of Oil, Eng. Hayan Abdul-Ghani Al-Sawad, is visiting Khor Al-Zubair port to see the gas pipeline connection operations," she said in a statement.

The minister confirmed, according to the statement, that “Iraq will announce in the coming hours the commencement of the region’s oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185,000 barrels, gradually increasing to reach the capacity specified in the general federal budget.” link

FIREFLY : We are seriously linked to the world!!, 28 FEB

 Frank26  

[Iraq boots-on-the-ground report]  

FIREFLY:We are seriously linked to the world.  We knew that already but I never heard it come from Alaq.  He's saying it on TV now.  FRANK:  You are right.  Brother I have never seen Alaq tell you you are international.

  And look at the timing.  He's been put away for about 10 days and now Sudani sends him out he tells you you are intentional? 

 Not at 1310...To hear it from the source of where the funds will be coming IMO is rather crucial.  It's crucial to hear this from the CBI directly...

AJ : 🔥This EXPLAINS why BUDGET TABLES DELAYS!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

CBI: Digital Payments to replace Physical Currency, 28 FEB

 CBI: Digital Payments to replace Physical Currency

By John Lee.

In his speech to a conference in Baghdad, Ali Mohsen Al-Allaq, Governor of the Central Bank of Iraq (CBI), highlighted significant progress in digital payments, citing an increase in ATMs and e-wallets, which helped boost financial inclusion to 40% from 20% in just two years, supported by CBI initiatives.

He noted that Iraqi banks are undergoing major transformations, adopting internationally accredited financial systems to enhance cross-currency transactions and banking operations. Looking ahead, he envisioned banks shifting from traditional entities to smart digital platforms, issuing digital financial identities to facilitate seamless transactions.

Al-Allaq also stated that cash transactions will gradually decline, with digital payments issued by central banks replacing physical currency. CBI is actively working on launching its own digital currency, mirroring global trends. Additionally, Iraq is planning to establish a national data center, critical for digital economy growth, AI applications, and big data analysis.

He called for a comprehensive national strategy to accelerate Iraq’s digital transformation.

MIKE BARA UPDATE, 28 FEB

 MIKE BARA

Thursday Morning Update: Bond holders continue cashing out in Zurich and Reno. Confirmed. I believe these are Tier 4a whales. Gold assets have been paid.

 Bond assets are BEING PAID. Appointments have been set for currency exchanges for Tier 4a. NO CURRENCY HAS BEEN REDEEMED YET. 

Further updates tomorrow at 1PM eastern on Rumble. We will be joined by special guest Matt from the CBD Gurus!

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