MAJEED UPDATE, 13 MARCH

MAJEED

Oil price is going down Will push Iraq to reduce the exchange rate Meaning pay less in dinar to get one dollar change the exchange rate

8:08 PM · Mar 11, 2025

FIREFLY: Iraq will have a digital transformation in the financial sector. On a program rate?

 

TRUMP HINTS AT IMMINENT EVENT IN IRAN: I HOPE TO MAKE A PEACE DEAL WITH THEM, 13 MARCH

 TRUMP HINTS AT IMMINENT EVENT IN IRAN: I HOPE TO MAKE A PEACE DEAL WITH THEM

 US President Donald Trump expressed his hope on Friday evening to conclude a peace agreement with Iran that would prevent them from possessing a nuclear weapon, stressing that “something will happen with them very soon.” 

Trump added in statements he made at the White House that “the United States is in the final moments of negotiations with Iran, and that he hopes that military intervention will not be necessary.”

“We have a situation with Iran, something is going to happen very, very soon,” Trump continued. “You’ll be talking about it soon, I think.”

He expressed his hope for reaching a peace agreement, saying: “I am not speaking from a position of strength or weakness, I am just saying that I would rather see a peace agreement than the other option, but the other option will solve the problem,” without further clarifying what he meant by the other option.

Trump had said earlier in an interview with Fox Business that aired on Friday that he wanted to negotiate a nuclear deal with Iran and that he had sent a letter to the Iranian leadership last Wednesday proposing talks with Tehran, which the West fears is rapidly approaching the ability to make nuclear weapons.

“I think they want to get that message across. The other alternative is that we do something, because we cannot allow another nuclear weapon,” he continued.

Asked whether he had sent the message to Iranian Supreme Leader Ayatollah Ali Khamenei, Trump replied, “Yes.”

“There are two ways to deal with Iran: militarily or make a deal, and I prefer making a deal because I’m not looking to hurt Iran. They’re a great people,” Trump said.

Last month, Trump reimposed a policy of “maximum pressure” on Iran, including efforts to cut off its oil exports to zero. But he also said in February that he wanted to strike a deal with Iran that would prevent it from developing a nuclear weapon.

TIDBIT FROM MARKZ, 13 MARCH

 MarkZ  

 Article:  “Iraq and UNAMI discuss mechanisms for implementing security council resolution 2732” What does this mean?

 The end of the UN involvement in Iraq…We were always told when we left in this capacity…We would be paid…

Well we are getting ready to leave in this capacity…so we should be paid...in order to pay us they need a value change.  

MNT GOAT: "SHRINKING THE PARALLEL MARKET", MY CBI CONTACT TOLD US THAT THIS HAD TO HAPPEN #iqd

 

ECONOMIST: LOWER OIL PRICES MAY PUSH IRAQ TO REDUCE EXCHANGE RATE AND CUT EXPENSES WITH COMMENTS OF MNT GOAT, 13 MARCH

 ECONOMIST: LOWER OIL PRICES MAY PUSH IRAQ TO REDUCE EXCHANGE RATE AND CUT EXPENSES

Economic expert Nabil Al Marsomi warned today, Monday, that the continued decline in oil prices will put the Iraqi government before difficult choices, including those that may include reducing the exchange rate to confront financial challenges.

(Mnt Goat- by reducing the exchange rate they mean to devalue the currency. Get it? It does not mean a revaluation. Again they do not mean taking 1310 and making for instance 1200, which would be a literal reduction.

 But they do not mean literal reduction instead they mean a reduction in the value of the dinar, meaning it would take more dollars to buy a dinar and thus the dinar would be worth less in Iraq than it is today. Think, Think and Think! Gosh…. 

Stop listening to these idiot intel gurus. Why else would Iraq tell us it would be a “difficult decision”. If it was a revaluation, it would not be difficult, it would be easy. The difficulty comes in a devaluation.)

Al-Marsoumi told Al-Furat News Agency that “the government may be forced to take austerity measures that include reducing public expenditures and increasing non-oil revenues,” noting that “the oil market is currently suffering from significant weakness, with a decline in oil policy that may include imposing fees on some countries such as China, Canada and Mexico, in addition to the possibility of canceling the OPEC Plus agreement, which stipulates reducing production by two million barrels per day.”

He added, “These expectations indicate further declines in oil prices in the coming weeks, which will negatively affect the Iraqi economy.”

NEWS ROOM WITH CHELLA CC HIGHLIGHTS : "Iraq’s Energy Crisis & Dinar Exchange Rate Shift! 🔥🇮🇶💰" Bonus Highlights, 13 MARCH

 NEWS ROOM WITH CHELLA CC HIGHLIGHTS : 

"Iraq’s Energy Crisis & Dinar Exchange Rate Shift! 🔥🇮🇶💰" Bonus

Highlights

Summary

In this insightful discussion, the complexities of Iraq’s energy dependency on Iranian imports are explored. The conversation highlights the significant reliance of Iraq on Iranian electricity and natural gas, which is crucial for its power generation. The potential consequences of losing this energy lifeline are dire, including widespread power outages, economic turmoil, and social unrest.

 However, the discussion also sheds light on Iraq’s proactive measures to diversify its energy sources and reduce reliance on Iran, including strategic international partnerships, solar energy projects, and the development of domestic natural gas resources. 

Despite these efforts, the urgency for immediate solutions is emphasized, reflecting the intricate balance Iraq must maintain between addressing current energy needs and planning for a more independent future.

• ⚡ Iraq’s Energy Dependency: Iraq relies heavily on Iran for approximately 1,500 megawatts of electricity and natural gas, creating a precarious energy situation.
• 🏥 Impact on Essential Services: Prolonged power outages could critically affect hospitals, businesses, and essential services, leading to chaos and public unrest.
• 📉 Economic Consequences: A loss of reliable energy supply could cripple businesses, resulting in job losses and economic downturn.
• 🌞 Renewable Energy Initiatives: Iraq is pursuing solar energy projects, such as the 1.225 GW solar farm partnership with Qatar, to reduce its dependency on Iranian imports.
• 🔗 Regional Energy Cooperation: Plans to connect with Gulf neighbors for a more diversified energy supply are underway, though they face delays and challenges.
• 🌍 Domestic Gas Production: Iraq is focusing on developing its natural gas reserves to lessen reliance on imports, particularly through projects like the Mansuria gas field.
• ⚖️ Balancing Acts: Iraq faces the challenge of managing immediate energy needs while working towards a more independent energy future, amidst ongoing geopolitical complexities.

Key Insights

• ⚡ Vulnerability of Energy Dependency: Iraq’s dependence on Iranian energy imports poses significant risks. If these imports were to cease, the immediate aftermath would likely include rolling blackouts and a humanitarian crisis, particularly in summer when demand peaks. The potential for widespread social unrest is heightened, as citizens have previously protested against inadequate electricity services, indicating a historical precedent for civil unrest tied to energy shortages.

• 🏥 Critical Infrastructure at Risk: The ramifications of energy shortages extend beyond mere inconvenience; they threaten the stability of essential services such as healthcare. Hospitals, which rely on consistent power for life-saving equipment, could face severe operational challenges. This highlights the urgent need for Iraq to develop a more resilient energy infrastructure to safeguard public health and safety.

• 📉 Economic Ripple Effects: The loss of a reliable energy supply would not only disrupt individual livelihoods but could also lead to a broader economic crisis. Businesses would struggle to operate, leading to increased unemployment and potential long-term economic stagnation. The discussion underscores the interconnectedness of energy supply and economic stability, emphasizing the need for a robust energy strategy to protect Iraq’s economic future.

• 🌞 Innovation in Renewable Energy: Iraq’s commitment to renewable energy, particularly through solar power, marks a significant shift towards sustainable practices. The partnership with Qatar to develop a large solar farm is a promising step in reducing dependency on fossil fuels and diversifying energy sources. This shift is not only environmentally beneficial but also positions Iraq to take advantage of its abundant sunlight and reduce its carbon footprint.

• 🔗 Regional Energy Alliances: Collaborations with neighboring countries to create a more interconnected energy grid could help mitigate risks associated with dependency on a single source. However, political tensions and logistical challenges complicate these initiatives. The potential for energy cooperation in the Gulf region represents both an opportunity and a challenge for Iraq as it seeks to balance its energy needs with geopolitical realities.

• 🌍 Unlocking Domestic Resources: The development of Iraq’s natural gas reserves, particularly through projects like the Mansuria gas field, offers a pathway to energy independence. By capturing and utilizing gas that is currently being flared off, Iraq could substantially enhance its energy production capabilities. This approach not only addresses energy needs but also aligns with global trends towards cleaner energy production.

• ⚖️ Navigating Geopolitical Complexities: Iraq’s energy strategy must contend with the broader geopolitical landscape of the Middle East. The intricate relationships with neighboring countries can impact energy cooperation significantly. As Iraq works to navigate these complexities, it must remain vigilant of the potential for sudden changes that could affect its energy security, illustrating the delicate balance of energy independence in a politically volatile region.

In conclusion, Iraq’s energy situation is a multifaceted issue that encapsulates the challenges of dependency, economic stability, and the pursuit of sustainable energy solutions. The interplay of regional politics, domestic resource management, and the urgency of immediate energy needs creates a complex landscape that Iraq must navigate to secure a stable and independent energy future.

 As the nation strives to reduce its reliance on Iranian imports and invest in renewable energy and domestic resources, the path forward will require strategic planning, international cooperation, and a commitment to addressing both current and future energy challenges.