Bruce
[via WiserNow]
you know, the redemption centers have a higher rate...way higher on dinar with a contract rate that the banks don't even think about having...
Now the dong I've understood just this last week will have a rate that will be the same at the redemption center as it is at the bank...
KTFA
FRANK26: "THE IQD EXCHANGE RATE... FREED FROM IRANIAN SHACKLES!!!".......F26
- Basra
Prime Minister Mohammed Shia al-Sudani will arrive in Basra Governorate tomorrow, Sunday (March 16, 2025), to follow up on the work of the floating gas pipeline project, in a crucial step to secure the country’s energy needs after the expiration of the US waiver for importing Iranian gas.
Ali Al-Mashkoor, a member of the Oil, Gas and Natural Resources Committee and representative of Basra Governorate, revealed in a statement to Baghdad Today on Saturday (March 15, 2025), that “the Ministry of Oil began working on the project 30 days ago, and is proceeding at an accelerated pace to complete it within 120 days, with the completion rate so far reaching more than 33%.”
He added, "Iraq is moving towards contracting with Qatar and the Sultanate of Oman to import 200 cubic meters of dry gas," noting that "the Ministry of Oil has begun constructing a pipeline extending from the Khor al-Zubair docks to the Shatt al-Basra Regulator, 40 km long and 42 inches in diameter, in accordance with international standards. "
He stressed that "the project is being implemented by purely Iraqi hands, including national effort cadres from the Oil Projects Company, which enhances Iraq's ability to implement strategic projects on its own."
He stressed that "the directives of Oil Minister Hayan Abdul Ghani call for expediting implementation to ensure the pipeline's readiness before the summer season, which witnesses a sharp increase in demand for electricity."
Iraq has long relied heavily on Iranian gas to power its power plants, importing approximately 40% of its energy needs.
However, this reliance has made Iraq vulnerable to political pressures and fluctuations resulting from US sanctions on Iran, which require periodic waivers from Washington to allow continued gas flow.
On March 8, the US waiver expired, meaning Iraq is no longer officially able to import gas from Iran without facing legal and economic consequences.
With the arrival of summer, when electricity demand peaks, urgent action was needed to find alternatives that would stable energy supplies.
According to experts, this project falls within the Iraqi government's vision to enhance energy security and reduce waste in the oil and gas sector. It also aims to create local job opportunities through Iraqi-led project implementation, thereby enhancing the country's energy independence.
DINAR EXCHANGE
Kurdistan oil exports are BACK! Iraq’s parliament just cleared the way, with SOMO managing sales.
Producers like #GKP could see HUGE gains in cash flow! 
This could be the investment opportunity of 2025! Don’t miss out! #OilStocks #Investing #EnergyBoom #iraqidinar
Iraq’s parliament has approved a budget amendment facilitating the resumption of oil exports from the Kurdistan region. This legislative change mandates that the Kurdistan Regional Government (KRG) transfer its oil output to the State Oil Marketing Organization (SOMO), Iraq’s state-run oil firm, effectively ending a nearly two-year halt in exports.
The budget amendment sets the transport and production cost rate for oil in Kurdistan at $16 per barrel. However, Turkey has not yet received formal confirmation from Iraq regarding the resumption of oil flows through the Iraq-Turkey pipeline.
For companies like Gulf Keystone Petroleum (GKP), which operate in the Kurdistan region, this development is significant. GKP’s shares recently crossed above their 200-day moving average, indicating positive market sentiment. Analysts have set a “speculative buy” rating for GKP, with a price target of GBX 190.
In summary, the Iraqi parliament’s approval of the budget amendment is a crucial step toward resuming Kurdistan’s oil exports under SOMO’s management. This development is expected to enhance the financial prospects of producers like GKP, potentially increasing their free cash flow. However, the actual impact will depend on the successful implementation of the export arrangements and the resolution of logistical challenges, including the finalization of agreements with Turkey for pipeline use.
KTFA
FRANK26: "DIGITAL = CASHLESS SOCIETY & IT BRINGS SECURITY & STABILITY"....F26
The Central Bank unveils a comprehensive plan to eliminate paper transactions.
3/15/2025
Central Bank Governor Ali Al-Alaq announced on Saturday that the government is working on a roadmap for a comprehensive digital transformation.
MarkZ
[via PDK]
“Iraq forces kill “Deputy Caliph” one of the world’s most dangerous terrorists”
This is big. I was told by intelligence from US sources that this is an enormous blow to Isis. This is a big win to help build stability – especially in the northern region of Iraq.