From secure internet to smart systems.” Iraq enters the era of the digital revolution with steady steps, 1 MARCH

 From secure internet to smart systems.” Iraq enters the era of the digital revolution with steady steps

The Financial Advisor to Prime Minister Mazhar Mohammed Saleh stressed that Iraq is moving at a steady pace towards achieving a great digital renaissance, based on a set of foundations that support this trend.

Saleh explained to {Euphrates News}, that “one of the most prominent of these foundations is the progress in two categories of infrastructure.”

He pointed out that “the first category is the advanced technological infrastructure, whether through secure and powerful Internet networks or digital payment systems that work effectively and efficiently in parallel with each other. ”

Saleh continued, “The other category is the advanced legal infrastructure that provides protection for the rights of users and operators and the public right against cyber and financial crimes arising from digital transformation.”

He pointed to “the importance of the availability of the ability to keep pace with the course of digital technological progress in the virtual world on an ongoing basis,” noting that “the consultative team in the General Secretariat and the general joints of the Iraqi state are keen to achieve this to ensure that Iraq enters the new digital age.”

Ragheed

https://alforatnews.iq/news/من-الإنترنت-الآمن-إلى-الأنظمة-الذكية-العراق-يدخل-عصر-الثورة-الرقمية-بخطوات-ثابتة

MIKE BARA UPDATE, 1 MARCH

 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. 

AJ: The Rv , It’s a deliberate decision made by the CBI!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

 

Iraqi-Swiss Agreement To Prevent Double Taxation And Enhance Economic Cooperation, 1 MARCH

 Iraqi-Swiss Agreement To Prevent Double Taxation And Enhance Economic Cooperation

The Ministry of Finance announced today, Thursday, the signing of an agreement with Switzerland aimed at preventing double taxation and evasion of income and capital taxes, in order to enhance economic cooperation between the two countries.

The ministry stated in a statement that Iraq and the Swiss Confederation initialed the agreement on Wednesday, February 26, where the Iraqi side in the negotiations was headed by Mohammed Hamza Mustafa, Director General of the Legal Department and Acting Director General of the General Tax Authority, with the participation of a number of officials, financial and legal experts, and a representative of the Iraqi Fund for External Development.

The ministry stressed that the agreement aims to create an attractive investment environment by reducing the tax burdens on Swiss companies and investors, which contributes to strengthening trade and economic relations between the two countries. It also indicated that the Swiss Confederation is one of the advanced countries in the field of tax collection, and cooperation with it would attract Swiss capital, which represents one of the most important investments in the Middle East region, to support the development process in Iraq.   https://www.radionawa.com/all-detail.aspx?jimare=41277

Crude Oil Prices Stabilize  

Time: 2025/02/27 08:12:42 Read: 1,665 times   {Economic: Al Furat News} Oil prices stabilized near their lowest closing level this year, amid US President Donald Trump’s threats to impose tariffs and a range of supply-related issues.

WTI crude traded below $69 a barrel after losing nearly 3% in the previous two sessions, while Brent crude held above $72.

Trump said the planned tariffs on Mexico and Canada “are not going to stop,” but did not specify when they would be implemented. He also indicated that imposing tariffs on the European Union was still under consideration.

Record monthly losses

Oil looks set for its biggest monthly loss since September as rising trade tensions between the United States and its trading partners weigh on the economic outlook.

That concern has overshadowed the potential impact of tightening sanctions on Iran, which Trafigura Group identified as the biggest upside risk to prices, as well as the possibility that the OPEC+ alliance will delay restoring shut-in production again.

Supply issues: From Venezuela to Iraq

On the supply front, Trump said he plans to revoke Chevron Corp.’s license to operate in Venezuela, threatening the country’s economic recovery.

In the Middle East, Iraq announced that it had reached an agreement with the Kurdistan Region to resume crude oil exports, but did not specify a time frame for implementation. LINK

Gold Prices Decline Slightly As The Dollar And US Bond Yields Rise

Thursday 27 February 2025 11:45 | Economic Number of readings: 196  Baghdad / NINA / Gold prices fell on Thursday, under pressure from the rise in the dollar and US Treasury yields, while investors are awaiting an important report on inflation to assess the path of the Federal Reserve's monetary policy.

Spot gold prices fell by 0.1 percent to $2912.94 per ounce, while US gold futures fell by 0.1 percent to $2927.20.

In contrast, the dollar index rose by 0.2 percent, moving away from its lowest levels in 11 weeks, and US 10-year Treasury yields recovered from their previous losses.

As for other metals, silver stabilized at $31.84 per ounce, while platinum fell by 0.1 percent to $964.95, and palladium fell by 0.1 percent to $926.03 https://ninanews.com/Website/News/Details?key=1189078

TIDBIT FROM BRUCE, 29 FEB

  Bruce    

...we had at least two very strong sources that were telling us that don’t worry, this is going to be the week that we receive our notifications.

 And even though we only have two days left, Friday and Saturday this week, I think it’s quite possible that we still will get notified and set an appointment this week.. . 

I know...that one of our Redemption Center staff members is working tomorrow morning [Friday] at Wells Fargo Bank and then goes after lunch into the Redemption Center...Friday... it looks good for us to get notified and set our appointments for exchanges that would start on Saturday, the 1st of March...that is quite possible.

MARKZ : They are positioned!, ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

Within hours... the region's oil will be re-exported through SOMO, 1 MARCH

  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