Friday, March 14, 2025
IRAQ NEWS : The Iraqi government is seeking alternatives to Iranian gas imports, 14 MARCH
IRAQ NEWS
The Iraqi government is seeking alternatives to Iranian gas imports, including options in the Gulf, a government official told AFP on Thursday
"Previously, we only had imports from Iran, but there are government directives and a political will to rely on multiple sources of imports"
SANDY INGRAM CC HIGHLIGHTS NOTES : Chapter Summary: The Future of the Iraqi Dinar and Economic Developments, 14 MARCH
SANDY INGRAM CC HIGHLIGHTS NOTES
Chapter Summary: The Future of the Iraqi Dinar and Economic Developments
Introduction
In this chapter, we delve into significant developments concerning the Iraqi dinar, exploring recent breakthroughs in Iraq’s economy, governance, and digital transformation.
The speaker emphasizes the implications of these changes for investors and the wider community, detailing how Iraq is positioning itself as a pivotal player on the global stage.
Key concepts such as biometric voting, blockchain, and Central Bank Digital Currency (CBDC) are highlighted, along with Iraq’s increasing gold reserves and its strategic partnerships with countries like the United States and the UAE. The essence of this chapter lies in understanding how these factors contribute to Iraq’s stability and potential economic growth.
I. Economic Stability and Breakthrough Developments
- Key Announcement: A breakthrough deal with Damascus aims for a unified future, signaling improved regional relations.
- Economic Stability: The speaker cites a February 26 article from the Central Bank of Iraq (CBI) indicating imminent developments, which follows a statement from the Speaker of the House declaring Iraq’s economy as stable for the first time in over a decade.
- Security Measures: Iraq’s strategic use of biometric voting, drones, and military patrols enhances its security, positioning the nation as a gold standardfor safety amidst regional tensions.
II. Audits and Financial Oversight
- Audit Initiatives: The Iraqi government is undergoing audits by multiple entities, including the CBI being audited by Oliver Wyman, indicating a commitment to transparency and accountability.
- Correspondent Banking: Only banks and companies that pass audits are allowed to participate in the new global financial system, ensuring tighter control over financial transactions.
- Historical Financial Accountability: The use of AI in tracking financial flows aims to prevent future infractions by analyzing past behaviors, showcasing a sophisticated approach to governance.
III. Gold Reserves and Currency Valuation
- Gold Reserves: Iraq’s gold reserves have reached 162 tons, a strategic asset that supports the potential for a gold-backed currency.
- Economic Articles: The speaker notes articles discussing Iraq’s economic potential, including a recent $1 billion lawsuit victory against a UAE company, bolstering Iraq’s financial standing on the international stage.
IV. Strategic Partnerships and Global Integration
- US Involvement: The UAE’s role as a mediator between the US and Iran highlights Iraq’s diplomatic significance amid regional tensions.
- Contracts and Economic Activity: Iraq’s movement towards signing contracts suggests a transition from a nominal exchange rate to a more stable and reliable financial environment.
V. Digital Transformation and Future Prospects
- CBDC Development: The CBI is working on launching a Central Bank Digital Currency, reflecting a broader trend towards digitalization in global finance.
- Investment Potential: The speaker conveys optimism regarding investments in Iraq, emphasizing the potential for significant returns as the country transitions to a digital economy.
VI. The Path Forward for Iraq
- Future Value of the Dinar: The speaker urges investors to recognize the potential increase in the dinar’s value as Iraq stabilizes economically and politically.
Kurdistan Region confirms sale of oil via Sumo: Our money will be given to Baghdad, 14 MARCH
Kurdistan Region confirms sale of oil via Sumo: Our money will be given to Baghdad
Economy News – Baghdad
The Kurdistan government confirmed on Wednesday the region’s firm position to implement the amendment of the budget law so that the region’s oil is exported and sold through Sumo and its proceeds are returned to the Federal Ministry of Finance.
A statement from the Presidency of the Council of Ministers of the Kurdistan Region, seen by “Economy News”, said that “the President of the Council, Masroor Barzani, held a meeting in the presence of his deputy Qubad Talabani, where the Prime Minister instructed the Ministry of Finance and Economy to prepare a salary distribution schedule for the employees of the Kurdistan Region for February, after depositing 958 billion dinars in the ministry’s account for this month.
The Council decided to start distributing salaries from tomorrow. All ministries and institutions have also been tasked with preparing salary lists for March urgently, to send them to the Federal Ministry of Finance, with the aim of disbursing them before the blessed Eid al-Fitr holiday.
The statement stressed that “in the first paragraph of the meeting, Kamal Mohammed Saleh, Acting Minister of Natural Resources, reviewed the latest developments in the joint meetings between the Ministry of Natural Resources and the Federal Ministry of Oil in the presence of representatives of oil companies.”
The minister explained, “The efforts made to resume the export of the region’s oil within the framework of the Federal Budget Law, and the Council of Ministers praised the efforts of the Ministry of Natural Resources to accelerate the process of resuming oil exports and working jointly with the Iraqi Ministry of Oil to resolve obstacles related to the process.”
The Council also stressed “the firm position of the regional government to implement the amendment of the budget law so that the region’s oil is exported and sold through Sumo and its proceeds are returned to the Federal Ministry of Finance.”
BEARDED PATRIOTUSA : ☀️RV TIME HAS TO BE NOW ☀️, 14 MARCH
BEARDED PATRIOTUSA
☀️RV TIME HAS TO BE NOW ☀️
The Final PUSH is brewing. We can all feel it!
✅Equity Markets DOWN (close to 10%)
✅USD DOWN (close to 6%)
✅Crude Oil DOWN (17%)
✅Tariff battle going on (DISTRACTION)
✅Possible ceasefire to be signed soon (PEACE)
✅A lot of attention on XRP and crypto regulations (NEW SYSTEM)
Meanwhile Iraq has
🟨Confirmed its Article 12 ammendement (HCL)
🟨Confirmed paying delayed salaries (Money flow)
🟨Negotiating restarting oil flow (More money flow)
🟨Removing Iran from the equation (Required)
🟨Implementing electronic cards (for HCL)
🟨Updating ration cards (for HCL)
🟨Census updated (for HCL)
There is a trigger upcoming that will be the final PUSH for the RV to happen. What is the trigger? We don't know. Will it be Gold to RV? Will it be peace treaty?
It will come out of the blue and the FOREX family will have a different flow of money that we've not seen before. We will have exotic currencies and certain cryptos becoming MAJOR PLAYERS in the market
No looking back! LFG NOW!
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4/18 Latest Iraq Dinar Update and Govt Formation News
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