IRAQ NEWS
: PM officeWalkingstick
[Iraqi bank friend Aki update]
AKI: Busy, very busy. We are finishing up a training on a new software that we have applied to all of our banks.
Here, my private bank is also now being part of it.
This software is called multi-currency sync software.
The purpose of this software is to update the world, the banks, Forex, everybody that will need to know this, to update them on the new currency that we will be putting out...It is going to include the pictures of the lower denominations...
WALKINGSTICK: Hasn't this software been around for a while?
AKI: Yeah, but this is a new updated software...We're pretty much done with this. We've been at it for a long time.
---
Aki says...due to what the GOI and CBI are instructing us, I am moving my family to the city where the bank is where me and my boss work.
The reason why is due to the fact that my boss told me you're going to be very busy very soon.
[Aki] is bringing his family from the state that he lives in, he's bringing them down south [of that state] to be closer to this bank that he's in charge of...
Aki must have a very good idea of this true time frame because he's moving his family to the bank's location.
This target date has to be IMO within arms reach...
IRAQ NEWS
: PM officeFnu Lnu
There is no such thing as a "Redemption Center" and everyone will get exactly the same rate unless you have a pre-2011, October, private contract.
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Article: "The Central Bank of Iraq (CBI) has concluded its first quarterly meetings of 2025 with the US Treasury Department and the Federal Reserve Bank, held in Dubai, UAE, with participation from international auditing and consulting firms EY (Ernst & Young), K2 Integrity (K2i), and Oliver Wyman."
Here we see the meetings I reported some days ago are bearing fruit. We should all realize that Iraq has spent many billions of dollars to update their banking system with state of the art features.
Understand, A suppressed currency is not tradable internationally due to lack of faith and trust.
Such massive ongoing improvements are aimed at a superior currency that will soon debut on the world stage. Unfortunately, we cannot have a definitive timing. It's coming so just sit tight.
https://dinarevaluation.blogspot.com/2025/03/tidbit-from-fnu-lnu-11-march.html
Turkish Energy Minister Arrives in Baghdad for Oil and Gas Talks
3/16/2025
Turkish Minister of Energy and Natural Resources Alp Arslan arrived in Baghdad on Sunday, according to a statement issued by the Iraqi Ministry of Oil.
The ministry said in a statement that Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul-Ghani Al-Sawad received Arslan and his accompanying delegation.
According to the statement, the meeting discussed bilateral relations between the two countries in the fields of oil, gas and energy.
The meeting was attended by the Undersecretary for Extraction Affairs and the General Managers of the Oil Marketing Company, the North Oil Company, the Economic Department, and the Legal Department, according to the statement.
Turkey halted flows on the pipeline, which transports oil from the Kurdistan Region of Iraq to the Turkish port of Ceyhan, in March 2023 after an arbitration court ordered it to pay approximately $1.5 billion in compensation to Iraq for transporting oil without Baghdad's approval. Ankara refused to pay the fine at the time and demanded that Erbil pay it.
The pipeline closure halted Iraqi oil exports by approximately 500,000 barrels per day. The resumption of oil flows from Kurdistan may mitigate some of the impact on markets caused by reduced shipments from Iraq, the main source of crude.
Iraq had been exporting between 400,000 and 500,000 barrels per day from northern fields, including the Kurdistan Region, via the now-defunct pipeline. Oil Minister Hayan Abdul Ghani said earlier this month that Iraq plans to transport at least 300,000 barrels per day of crude oil once operations resume. He added that the Iraqi government has also begun a formal process to persuade the regional government to transfer the oil to the Federal Oil Marketing Organization (SOMO).
Türkiye has repeatedly said that the pipeline is operational and that it is up to Iraq to resume flows, and the United States has also expressed a strong desire to see oil flow through the Iraq-Turkey pipeline.
Resuming pipeline shipments could pose a dilemma for Baghdad, which is committed to reducing crude production as part of the OPEC+ agreement but is struggling to comply with the promised cuts.
OPEC's production and exports are under increased scrutiny after US President Donald Trump called on the group in early 2025 to "bring down the price of oil." LINK
