MAJEED: IMF told Iraq Major transaction has to be in DINAR! @DINARREVALUATION #iraqidinarinvestor

 

US urges Iraq to utilize Kurdistan Region’s gas after waiver expiry, 11 MARCH

 US urges Iraq to utilize Kurdistan Region’s gas after waiver expiry

ERBIL, Kurdistan Region – The US State Department said Sunday it is hoping that the Iraqi government will start benefiting from the natural gas capabilities of the Kurdistan Region after a waiver allowing Iraq to import gas from Iran was rescinded.

“We hope to see all of Iraq benefit from the natural gas resources and electricity generation capabilities in the Iraqi Kurdistan Region (IKR). This is an opportunity to enhance intra-Iraq relations,” a US State Department spokesperson told Rudaw. 

On Sunday, the US rescinded a waiver that permitted Iraq to purchase electricity from Iran as part of President Donald Trump’s maximum pressure campaign against Iran, which also aims to drive Tehran’s oil exports down to zero. 

“U.S. companies are ready and interested in helping the [Iraqi] government expand natural gas production in the IKR,” the State Department added. It further called on Baghdad to “eliminate its dependence on Iranian sources of energy as soon as possible.” 

“Iran is an unreliable energy supplier. It is unable to meet its own domestic demand, let alone export,” the spokesperson stressed, adding that Tehran’s electricity exports to Baghdad “do not contribute substantially” to power availability in Iraq as they make up “only four percent of electricity consumption in Iraq.”  

Iraq is heavily dependent on gas imports from Iran to prop up its production of electricity, with Washington’s waivers having helped Baghdad bypass existing US sanctions on Tehran as a short-term stopgap until Iraq is able to wean itself off of Iran for its energy needs. 

Last month, Trump signed an executive order to restore the maximum pressure campaign on Iran and tasked the US Secretary of State “to modify or rescind existing sanctions waivers” that provide Tehran economic or financial relief, including the waiver for Iraq to import natural energy from Iran. 

“The President’s maximum pressure campaign is designed to end Iran’s nuclear threat, curtail its ballistic missile program, and stop it from supporting terrorist groups,” the State Department explained. 

On Saturday, Iraqi government spokesperson Bassem al-Awadi told Rudaw that Baghdad had all necessary preparations in place in case Washington did not renew the waiver. 

https://t.co/3KM6X9II0F

TIDBIT FROM MARKZ, 11 MARCH

 MarkZ   

[via PDK] Articles: “Washington calls on Iraq to dispense with Iran’s energy as soon as possible”; “Major gas projects-fixed or floating platforms to boost energy in Iraq”

  this is so they no longer need Iranian gas …and no longer flare or burn off gas to save money and help the environment. 

They hope to be independent from Iranian energy within 4 months. There is a huge push to stop Iranian influence so Iraq can move forward.

Frank26 : Don't ever let go of your dinars.!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

FRANK26: "FROM DIGITALIZATION TO AI FOR THE MONETARY REFORM", 11 MARCH

 KTFA

FRANK26: "FROM DIGITALIZATION TO AI FOR THE MONETARY REFORM"......F26 

Al-Alaq: We will witness a comprehensive digital transformation in the financial sector

3/8/2025

 

Baghdad
 

The Governor of the Central Bank, Ali Al-Alaq, announced on Saturday that banks are close to being converted into smart platforms using artificial intelligence, noting that Iraq will witness a comprehensive digital transformation in the financial sector .

Al-Alaq said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "despite the great strides that have been made to activate electronic payment methods, which are a fundamental step in the digital transformation, we will soon put this stage behind us, because even the current electronic payment methods and tools are being changed and developed very quickly."

He pointed out that "soon we will notice a big difference in the tasks and functions of banks, and we will see many banks changing the nature of their work, and there will be a digital financial identity for every citizen through which he can conduct many operations in his accounts or check his balances or even invest inside and outside Iraq," stressing that "banks will soon turn into smart platforms that organize financial operations and benefit from technologies and artificial intelligence."

He added that "this great work is accompanied by the work of the Central Bank, like other central banks, in thinking about having a digital currency under the supervision of the Central Bank. We are not talking about encrypted currencies that are outside the framework of central banks, but rather about a digital currency issued by the Central Bank, and this is a major work being done in the Central Bank in coordination with international and Arab organizations and specialized bodies, and directly with the Arab Monetary Fund."

He continued: "We believe that this trend will be the one that will be imposed in the near future, and this represents solutions to major economic, financial and social problems, and will also establish a strict framework for monitoring funds and limiting corruption, money laundering and financing terrorism, because all financial movements will be within a strict and transparent system that can monitor all financial operations, and at the same time facilitates its holders to conduct extensive operations even in other countries of the world."

He added: "We expect that young people will benefit, through the tools and human resources that we have, from these tools. Indeed, we are following that many young people are investing through these portfolios and tools in various fields outside Iraq, but some need to be careful and cautious because there is a lot of fraud that occurs, and we are working to prevent citizens from falling victim to any fraud."

LINK

GOLDILOCKS : PROOF CONTRACT RATES Offered For Currency Exchange + PROOF How the RV STARTS!, 11 MARCH

 GOLDILOCKS : PROOF CONTRACT RATES Offered For Currency Exchange + PROOF How the RV STARTS!

Highlights

• 📜 The redesign of U.S. banknotes was discussed as part of a broader effort to nationalize the Federal Reserve and prepare for digital asset integration.
• 🔄 Impact of Tariffs: The implications of Trump’s reciprocal tariffs on global exchange rates were outlined, demonstrating their potential effects on currency strength and market equilibrium.

Key Insights

• 📊 The Importance of Digital Assets: The establishment of a Digital Strategic Reserve by the U.S. government signifies a pivotal shift towards integrating digital currency into mainstream finance. This initiative is expected to influence future currency values and provide a framework for the revaluation of various global currencies. The incorporation of digital assets like XRP into the financial system will be fundamental to the upcoming currency exchanges.

• 🏦 Building Professional Relationships: Community members shared their successful encounters with wealth managers. These interactions highlighted that approaching financial discussions with professionalism and an understanding of the financial landscape yields significantly better outcomes compared to unprofessional approaches. Members were advised to avoid discussing speculative topics like RV or dinar, as it could jeopardize their chances of receiving assistance.

• 📈 Educational Growth and Preparedness: The discussions surrounding trust structures and wealth management strategies underscored the necessity of financial education. The members who actively engaged with their wealth managers were able to leverage their newfound knowledge to secure favorable terms for their future exchanges.

• 🔄 Economic Impacts of Tariffs: The introduction of reciprocal tariffs by the U.S. is expected to reshape the global economic landscape, influencing the value of various currencies. As countries respond to these tariffs, the anticipated devaluation of certain currencies will push them towards reevaluating their worth, likely leading to a natural increase in their currency values to maintain economic stability.

• 📜 Nationalization of the Federal Reserve: The redesign of U.S. banknotes is indicative of a significant shift towards nationalizing the Federal Reserve. This move is seen as a preparatory step for integrating digital assets into the banking system, providing a more stable infrastructure for future economic transactions.

• 🌍 Global Financial Overhaul: The ongoing changes within the global financial system, including the transition to digital assets and the implementation of new banking regulations, suggest a comprehensive overhaul. This transition is expected to affect all participating countries, necessitating adaptability and informed decision-making for individuals and businesses alike.

• ⏳ Timeframe for Changes: While the discussions hinted at near-term changes due to tariffs and digital asset regulations, it was clear that these shifts would require time to fully materialize. Individuals are encouraged to remain patient and informed as the financial landscape continues to evolve.

The episode encapsulated a wealth of information pertinent to the future of global finance, providing listeners with insights and strategies to navigate the changing landscape effectively. It reinforced the importance of education, professionalism, and community engagement in achieving financial success.

WALKINGSTICK: He got a rumor that there's a rate and a date!! @DINARREVALUATION #iraqidinarinvestor