Tuesday, March 18, 2025

SANDY INGRAM: Zimbabwe has pulled a fast one on the global stage @DINARREVALUATION #iraqidinar

Erbil hands Baghdad 48 billion dinars in non-oil revenues , 18 MARCH

Erbil hands Baghdad 48 billion dinars in non-oil revenues

3/17/2025

The Ministry of Finance and Economy in the Kurdistan Regional Government announced on Monday that the federal treasury's share of non-oil revenues for February had been transferred to Baghdad.

According to a statement from the ministry, received by Shafaq News Agency, the transferred amount amounted to 48 billion and 722 million Iraqi dinars, which were deposited in the Erbil branch of the Central Bank of Iraq.

Last month, the Kurdistan Regional Government's Ministry of Finance and Economy announced the transfer of approximately 52 billion dinars in non-oil revenues to the federal treasury in Baghdad. LINK

MILITIAMAN CC HIGHLIGHTS NOTES, 18 MARCH

MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this video, the host, affiliated with the Militia Man and Crew, discusses recent developments regarding monetary policy in Iraq and the ongoing transition towards a cashless economy. The Central Bank of Iraq is making strides to eliminate paper transactions, emphasizing the adoption of a digital currency.

The bank reassures citizens about its cash liquidity, essential for local transactions, predominantly backed by oil revenue. There are substantial discussions around the resumption of oil exports, particularly through the Turkish Port of Ceyhan, which have faced delays due to regional financial disputes.

The video also touches on the Iraqi government’s approach to stabilizing its economy through enhanced foreign exchange processes and banking transparency while targeting larger financial transactions. The host reflects on the interconnectedness of these developments and the potential implications for the Iraqi dinar, hinting at an impending currency reassessment.

🌐 Transition to Digital Currency: The Central Bank of Iraq plans to fully transition to digital currency, significantly reducing paper transactions.
💰 Cash Liquidity Assurance: The bank reassures the public of its ample cash liquidity, sufficient to cover all local transactions.
🛢️ Oil Export Resumption: Ongoing negotiations and readiness to resume oil exports through Turkey could resolve financial disputes and stabilize revenues.
🔒 Monetary Strategy Implementation: New strategies are being implemented to attract foreign currency transactions into the regulated banking system.
⚖️ Regional Financial Disputes: Delays in oil exports are primarily due to outstanding debts owed to oil companies, affecting Kurdistan and Baghdad.
📊 Future Exchange Rate Discussions: There are anticipations of a revised exchange rate that aligns with the new digital financial system.
🏦 Parallel Market Concerns: Enhanced banking regulations aim to eliminate cash transactions that currently feed into a parallel, unregulated market.

Key Insights

📉 Digitalization of the Economy: The Central Bank’s roadmap towards eliminating paper transactions is indicative of a broader trend towards digital economies worldwide. This transition could present opportunities for increased efficiency in transactions and financial management while also aligning Iraq with international standards in monetary governance.
💼 Importance of Cash Liquidity: The Central Bank’s reassurances about cash liquidity highlight the bank’s commitment to stabilizing the currency and supporting economic activities. Given that the Iraqi economy relies heavily on oil revenues, this liquidity is essential in maintaining trust in the dinar, especially during periods of transition to a new financial framework.
🤝 Crucial Oil Export Negotiations: Discussions regarding oil exports through Turkey are pivotal for Iraq’s financial recovery. The negotiations reflect the intricate relationship between regional governance and central authority, which must be resolved to bolster the country’s oil-dependent economy. Oil exports are a significant revenue source, and their resumption could enhance budgetary stability.
📈 Shift in Banking Strategies: The implementation of a new monetary strategy focusing on attracting foreign exchange into regulated banking systems indicates a maturation of Iraq’s financial landscape. This could reduce speculative transactions and foster a more stable economic environment, thus reinforcing the dinar’s strength.
👥 Challenges with Regional Governance: The financial disputes between the Kurdistan Regional Government and the federal authorities underline the complexity of Iraq’s internal governance. As salaries hinge on these negotiations, resolving the tension is of utmost importance for financial stability and social order—demonstrating the necessity for cohesive governance in resource-rich regions.
⏰ Anticipation of Exchange Rate Reevaluation: The potential for a new exchange rate, discussed in relation to the digital transformation and oil valuation, suggests that significant adjustments in Iraq’s financial policy may be imminent. This reevaluation appears necessary to align with international economic practices while enhancing national liquidity.
💵 Impact on the Parallel Market: The Iraqi government’s strategic emphasis on enhancing banking transparency and reducing the dependency on cash transactions indicates a potential crackdown on the parallel market. This shift could diminish the influence of unregulated practices on the national economy, thus strengthening legal financial transactions.

Conclusion

The video encapsulates essential aspects of Iraq’s evolving financial environment, characterized by a transition towards digital currency, enhanced foreign exchange capabilities, and ongoing negotiations aimed at stabilizing oil exports. With inherent challenges stemming from regional governance disputes,

the Central Bank and the Iraqi government must navigate these complexities to foster a sustainable economic future. The host’s insights reflect a cautious optimism regarding the potential for stability and growth within Iraq’s unique financial landscape, underscoring the importance of collaboration among stakeholders moving forward.

The developments discussed may set the stage for a significant transformation in how the Iraqi economy operates, emphasizing the need for flexibility and adaptation in face of changing monetary policies.

ARIEL: We Should See Iraq Make their Moves Now @DINARREVALUATION #iraqidinarinvestor #iraqidinar

Iraq: Top 5 Arab economy in 2024, 18 MARCH

Iraq: Top 5 Arab economy in 2024

Five Arab countries, including Iraq, accounted for 72% of the region’s GDP, which surpassed $3.6 trillion in 2024, according to a new report from the Arab Investment & Export Credit Guarantee Corporation ("Dhaman") released on Sunday.

The UAE, Saudi Arabia, Egypt, Iraq, and Algeria emerged as the leading contributors to the Arab economy, the report showed.

The forecast for 2025 suggests a 4.1% growth in the Arab economy, driven by strong performances in 14 countries, including nine oil producers, which together make up around 78% of the total GDP.

Despite economic challenges, the analysis highlights a boost in oil and gas export revenues, though crude oil production dropped by 4%, with uneven growth across the region.

Iraq continues to play a central role in the Arab economy, with its reliance on oil exports alongside government efforts to diversify income sources and increase investments in other sectors.

Per capita income in the Arab world reached $7,557 in 2024, with a modest increase expected to $7,602 in 2025. The population surpassed 467 million, growing by 2%.

Inflation in the region climbed to 12% last year, but is expected to ease to 8.5% in 2025. Unemployment rose to 9.7%.

Arab foreign trade saw a 3.6% increase, reaching $3.3 trillion, thanks to a 1% rise in exports and a 7% jump in imports.

Foreign exchange reserves across Arab countries grew by 3.7%, reaching $1.2 trillion, enough to cover imports for more than eight months.

The region's government debt decreased to 48.3% of GDP, with further reductions expected, dropping to 47.6% in the coming year. link

TIDBIT FROM MARKZ, 18 MARCH

MarkZ

[via PDK]

From Iraq: “Will the Coordination Framework collapse in the face of a potential Sadr/Sudanese alliance?”

This is actually a good thing for us. These were two blocs that did not work together before…but now they are working together.

What are they working towards?

...they want to make the political system in Iraq work much better. And they are removing the influence of Iran and Maliki. We are seeing things they have been talking about for 20 years happening now.

DINAR REVALUATION

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