Monday, March 3, 2025

MNT: WHAT WILL ALLOW THE IRAQ DINAR TO RI? ‪@DINARREVALUATION‬ #iraqidinarinvestor

, The Federal Finance will begin funding February salaries for the region’s employees within two days 3 MARCH

The Federal Finance will begin funding February salaries for the region’s employees within two days

An informed source revealed, today, Sunday (March 2, 2025), that the Federal Ministry of Finance will begin financing the salaries of Kurdistan Region employees within the next two days.

The source told Baghdad Today, "The lists sent by the regional government have been audited, and the financing of employees' salaries in Kurdistan will begin within the next two days, after all the problems."

He added, "The Federal Ministry of Finance will send 950 billion dinars to finance February salaries, after which the regional government will announce a schedule for disbursing salaries."

Yesterday, Saturday (March 1, 2025), a responsible Kurdish source stated that the Ministry of Finance will send February salaries to the region’s employees in the middle of next week, confirming that there is a problem with the agreement between the region and the center.

It seems that the source expressed his fear to "Baghdad Today", saying, "The regional government did not abide by the terms of the agreement with Baghdad, and this may cause problems with salaries."

Meanwhile, the member of the Kurdistan Justice Party, Ribwar Muhammad Amin, confirmed earlier that the federal banks had expressed their readiness to localize the salaries of Kurdistan employees, presenting the argument to the regional government. link

TIDBIT FROM CLARE, 3 MARCH

Clare

Article: "Oil Price: Washington pressured Baghdad over Kurdistan oil to curb Iran's exports"

Quote: "The American website 'Oil Press', which specializes in energy affairs, published a report on Friday regarding the resumption of oil pumping from the Kurdistan Region, confirming that Washington pressured Baghdad to do so, in order to reduce Iranian oil

exports."

Article: "Iraqi opposition lobbies in America: Joe Wilson and the Mega campaign as an example - Urgent" ;

Quote: "In recent years, Iraqi lobby groups have become active in the United States...These lobbies are divided between supporters of the current Iraqi government and opponents who seek to change the political system in Baghdad.. .

Senator Joe Wilson stands out, who recently launched a political campaign called MEGA, targeting what he called 'liberating Iraq from Iran', which sparked widespread controversy in American and Iraqi circles...making Iraq a strongly present issue in American politics, despite the passage of more than two decades since the American invasion."

MARKZ: UPDATE ABOUT THE PAYMENTS OF THE HISTORIC BONDS! ‪@DINARREVALUATION‬ #iraqidinarinvestor

Sudanese Advisor: Digital currency is a qualitative leap that improves oversight and supports combating money laundering, 3 MARCH

Sudanese Advisor: Digital currency is a qualitative leap that improves oversight and supports combating money laundering

The financial advisor to the Prime Minister, Mazhar Mohammed Salih, praised, on Saturday, the Central Bank of Iraq’s move towards issuing a digital currency, considering it a qualitative leap that enhances transparency and control over financial flows, improves oversight of capital and foreign transfers, and supports efforts to combat money laundering.

Saleh said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "the Central Bank is moving towards issuing a digital currency as a gradual alternative to paper currency," indicating that "this trend represents a qualitative leap in the national digital payments system."

He added, "This step will achieve many benefits, including reducing cash leakage, lowering printing costs, and limiting the circulation of paper currency outside the banking system, in addition to reducing the need to print money repeatedly, which reduces the costs associated with its production and distribution, in addition to enhancing transparency and control over financial flows and the ability to track digital liquidity and spending trends, whether consumption, savings or investment, in addition to improving control over capital and foreign transfers, and supporting efforts to combat money laundering."

He pointed out that "digital currencies contribute to achieving financial inclusion, especially for groups less integrated into the banking system, which contributes to enhancing economic and social integration."

He stressed that "the transition to digital currency requires a strong technical infrastructure that includes reliable and advanced internet networks and advanced cybersecurity systems to protect data and transactions, in addition to promoting a culture of societal acceptance of digital currencies, starting with government agencies, through their use in collection operations and official transactions."

He explained that "digital cash will maintain its traditional functions as a unit of account, payments and savings, with the possibility of using it online and on smartphones, which will contribute to developing a more stable and efficient financial environment." link

SANDY INGRAM CC HIGHLIGHTS NOTES : Chapter Summary: The Return of Mustafa Al-Kadhimi and Current Iraqi Affairs, 3 MARCH

SANDY INGRAM CC HIGHLIGHTS NOTES

Chapter Summary: The Return of Mustafa Al-Kadhimi and Current Iraqi Affairs

Introduction

In recent developments within Iraq, former Prime Minister Mustafa Al-Kadhimihas returned to Baghdad for the first time in over two years. His homecoming is significant, reflecting the changing political landscape in Iraq amid ongoing security threats and a looming economic crisis.

Al-Kadhimi, who served as Prime Minister from 2020 until 2022, has been recognized for his advocacy of the rule of law and has maintained crucial relationships with the United States and Saudi Arabia.

His return raises questions about the current administration’s ability to navigate the country’s challenges and hints at a potential political comeback as Iraq approaches parliamentary elections. This chapter will delve into the implications of his return, the state of Iraq’s economy, and the geopolitical dynamics influencing the region.

The Context of Al-Kadhimi’s Return

Security Concerns: Al-Kadhimi survived an assassination attempt in 2021, marking the heightened risks associated with his political position. His return is underpinned by an invitation from current Iraqi leaders, indicating a desire for his influence to help resolve pressing issues.
Political Landscape: Al-Kadhimi’s departure in 2022 followed significant unrest, including mass anti-government protests. His tenure saw attempts to stabilize Iraq amidst challenges, including the refusal of Iran-backed militias to accept the results of parliamentary elections.
Diplomatic Relations: His time as Prime Minister included facilitating talks between Iran and Saudi Arabia, which culminated in the restoration of diplomatic ties in 2023 after a seven-year rift. This aspect of his leadership is critical as Iraq seeks to strengthen its relations with both nations during turbulent regional circumstances.

Economic Crisis and Financial Tensions

Financial Crisis Acknowledgment: Reports indicate that Iraq is grappling with a financial crisis, exacerbated by the Iran-US dollar issue. Uncertainty in the financial sector has prompted fears of economic instability, which poses significant risks to the country’s future.
Sanctions and Control: The acknowledgment that Iraq remains under certain sanctions, and the potential for extremist groups like ISIS to exploit this situation, complicates national governance. The sentiment among the Iraqi populace suggests a yearning for autonomy over their future.
Currency Stability: Analysts express cautious optimism that developments, such as the Road Project, could lead to an increase in the value of the Iraqi currency. This revitalization could provide a much-needed boost to the economy.

Political Dynamics and Future Implications

Kurdistan Oil Exports: Iraq has announced the resumption of oil exports from the Kurdistan region, a contentious issue as neighboring Arab nations express apprehension over Kurdish aspirations for independence. This situation highlights the delicate balance of power and the potential for regional instability should the Kurdish region achieve greater autonomy.
Elections and Political Comeback: With parliamentary elections on the horizon, Al-Kadhimi’s return may signal an opportunity for him to reclaim political influence. His connections and previous leadership experience could be pivotal in navigating the current crises.

Public Sentiment and Media Representation

Media Coverage: Various Iraqi news platforms reported Al-Kadhimi’s return consistently, reflecting a collective acknowledgment of the significance of his role in the ongoing political narrative. The hope for economic improvement resonates through these reports, suggesting a desire for stability among the Iraqi people.
Public Discussion: The prospect of lower taxes and investment opportunities in the Iraqi stock market has sparked interest, showcasing a growing awareness and engagement among citizens regarding economic reform and financial education.

Conclusion

The return of Mustafa Al-Kadhimi to Iraq is a pivotal moment that encapsulates the complexities of the nation’s political and economic landscape.

As Iraq faces a financial crisis and navigates regional tensions, Al-Kadhimi’s established relationships and experience may prove beneficial in fostering stability.

The upcoming parliamentary elections could further reshape Iraq’s political dynamics, potentially allowing for a resurgence of leadership aimed at reform and crisis management. Ultimately, the implications of these developments extend beyond immediate governance, reflecting broader aspirations for autonomy, economic growth, and stability among the Iraqi people.

In summary, this chapter outlines the critical dimensions of Al-Kadhimi’s return, emphasizing the intertwined nature of security, economics, and politics in Iraq. The evolving situation requires careful monitoring as the country prepares for a potentially transformative electoral period.

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