AJ : Update: Iraq operates a parallel market for dollar exchange rates within the country!! #iqd

 

FRANK26: "COMPLETE THE AGREEMENTS MEANS A NEW EXCHANGE RATE", 12 MARCH

 KTFA

FRANK26: "COMPLETE THE AGREEMENTS MEANS A NEW EXCHANGE RATE"........F26

"Apicor" welcomes the statements of Al-Sudani and Waltz and confirms its readiness to resume exports after completing the agreements

 

3/10/2025

 

Kurdistan Oil Industry Association (APIKUR) expressed its appreciation for the statements of Prime Minister Mohammed Shia al-Sudani and US National Security Advisor Mike Waltz, which stressed the importance of resuming oil exports through the Iraq-Turkey pipeline.

The association confirmed in a statement to Rudaw Media Network on Monday (March 10, 2025) that its companies are ready to resume exports "as soon as new agreements are reached on sales and loading mechanisms," noting its readiness to meet with all concerned parties to discuss the next steps.

Iraqi Prime Minister Mohammed Shia al-Sudani received a phone call from US National Security Advisor Michael Waltz, which touched on the contracts of oil companies operating in the Kurdistan Region.

During the call, Waltz urged the Iraqi government to cooperate with the Kurdistan Regional Government to "resolve contract disputes and pay arrears owed to US energy companies," according to a post on his account on the "X" platform.

He welcomed al-Sudani's efforts to "achieve Iraq's energy independence," calling on the Iraqi government to "encourage the entry of more Western and American companies into the oil and gas sectors in Iraq."

He also called on the Iraqi government to "appoint an investment coordinator to work with American companies wishing to invest and operate in Iraq."

For his part, Al-Sudani's media office stated in a statement that the US National Security Advisor "encouraged" the prime minister to "rely more on American companies, and work to solve problems and overcome obstacles facing those companies operating in Iraq, including the Kurdistan Region of Iraq, to ​​encourage them to work and invest in Iraq.

" Al-Sudani stressed "Iraq's commitment to expanding economic relations with the United States," encouraging "American companies to invest in the growing Iraqi market."

On March 8, Iraqi government spokesman Bassem Al-Awadi told Rudaw Media Network that they were in the final stages of resolving differences related to the resumption of Kurdistan Region oil exports, noting that exports could begin this month.

In a statement to Rudaw Media Network, APICORP spokesman Miles Caggins stressed the importance of dealing with oil companies operating in the Kurdistan Region in the same way as companies operating in Iraq, attributing this to the fact that companies in Iraq “know when and how to receive oil money, and they do not have financial problems.”

LINK

MAJEED UPDATE, 12 MARCH

 MAJEED

The war is approaching… Trump will issue an order to use force against a notorious militia because of its threat to American interests in the Middle East, similar to the decision to designate Al-Qaeda in 2001 Hell will reign on those militias

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I figured I should post it before some of the maniacs. Try to play it to bring you down. Because that’s what they feed on…. Like Satan…. And like Satan, they can show up in many different form Look at the type of bullshit written in here acting like they did not vote on anything They did the same bullshit a month ago when the parliament approved the compensation for Kurdistan Then, after that by two days, they admitted that the parliament has passed the compensation of Kurdistan They’re doing the same bullshit again because they know people are waiting for it Trump has forced them and they cannot play around Specially, when one of the laws that is supposed to be approved today is the investment law And the Prime Minister literally signed in the gazette real estate for this investment law And yesterday the minister finance released the full document for compensating Kurdistan after midnight…. Which means they were working hard to produce everything needed for today session. They have to play the last game since they know everybody is waiting for it Rest assure it’s already passed

MNT GOAT: The solution is to get off the sole peg to dollar"!! @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "BECAUSE THIS IS SALEH... THIS IS VERY GOOD!!!", 12 MARCH

 KTFA

FRANK26: "BECAUSE THIS IS SALEH... THIS IS VERY GOOD!!!".......F26

Government Advisor: 2025 Budget Will Reach Parliament Before End of Ramadan

 

3/10/2025

 

The Iraqi Prime Minister's advisor for economic affairs confirmed on Monday that there is a government-parliamentary understanding regarding the 2025 budget, expecting it to reach parliament before the end of Ramadan. 

Mazhar Mohammed Saleh told Shafaq News Agency that there is an understanding between the Parliamentary Finance Committee, the Council of Ministers, and the Ministry of Finance regarding the budget schedules, stressing that there is an agreement on the date of sending it and voting on it.

Saleh explained that Article 77/Second of the Federal General Budget Law for the year 2023 stipulates that the Ministry of Finance shall submit the budget tables annually, with the amendments that occur to operating and investment expenditures.

He added that the Ministry of Finance will send the 2025 budget tables to the Council of Ministers for discussion and voting, after which these tables will be sent to the House of Representatives.

Saleh indicated that the budget schedules are expected to reach Parliament before the end of Ramadan, which falls at the end of March.

Earlier, a responsible source in the Iraqi Ministry of Finance told Shafaq News Agency 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 June 2023, the Iraqi Parliament voted on the draft general budget law for the fiscal years (2023, 2024, 2025), to approve special budget tables for those years, and they are sent by the Iraqi government to Parliament for voting.

Last February, the Iraqi Parliament voted to amend Article 12 of the budget law related to the costs of extracting oil from the Kurdistan Region.

LINK

DINAR GURUS UPDATE: UNDERSTANDING THE REDENOMINATION , 12 MARCH

DINAR GURUS UPDATE: UNDERSTANDING THE REDENOMINATION  

Highlights

• 💸 Understanding Redenomination: Redenomination simplifies transactions by replacing old currency with new, often by removing zeros.
• 📈 Hyperinflation Impact: Countries experiencing hyperinflation face drastic price increases, making everyday purchases challenging.
• 🇮🇶 Iraq’s Economic History: Iraq has faced severe economic challenges, leading to discussions on redenomination to stabilize the dinar.
• 🔄 Process of Redenomination: Involves government announcement, public education, and a controlled exchange rate for smooth transition.
• 🌍 Global Examples: Successful redenomination cases from Turkey and Kuwait contrast with Zimbabwe’s struggles, highlighting the importance of stable economic conditions.
• 📊 Future Prospects for Iraq: A well-planned redenomination could attract foreign investment, create jobs, and enhance economic recovery.
• 🔍 Public Engagement: Engaging citizens in discussions about redenomination is crucial for fostering trust and understanding of the potential impacts.

Key Insights

• 🏦 Redenomination as Economic Strategy: Redenomination serves as a strategic move for countries dealing with hyperinflation, aiming to restore trust in their currency. For Iraq, the removal of zeros from the dinar could simplify monetary transactions and alleviate the burden of carrying large amounts of cash, thus improving daily economic activities.

• 📉 Consequences of Hyperinflation: High inflation rates lead to a significant decrease in purchasing power, making it necessary for consumers to carry excessive cash for basic purchases. This situation has been evident in Iraq, where citizens have faced economic instability, prompting the need for redenomination.

• 🔍 Successful Case Studies: The video references Turkey’s successful redenomination in 2005, where six zeros were removed from the currency, and the new Turkish lira gained stability. This example serves as a benchmark for Iraq, showcasing that with a well-structured plan, redenomination can lead to a revitalized economy.

• 💬 Public Education is Key: A critical aspect of the redenomination process is public education. The government must ensure that citizens understand the implications of the currency change, including how it will affect their purchasing power and everyday transactions. Financial literacy programs could be instrumental in helping the public navigate these changes.

• 🏗️ Broader Economic Reforms Required: Redenomination should not be viewed in isolation; it must be part of a broader strategy to reform the economy. This includes addressing inflation, improving foreign investment, creating jobs, and enhancing public services, which collectively foster a more stable economic environment.

• 📊 Political Stability as a Catalyst: Political stability plays a crucial role in the successful implementation of redenomination. The government must be able to enact changes without facing significant opposition or unrest. A stable political landscape can facilitate smoother transitions in economic policy.

FRANK26….3-7-25……THE RUMOR IS MY OPINION