FIREFLY: IRAQ BUDGET IS GOING FORWARD @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

FRANK26: "THERE YOU GO PRESIDENT TRUMP."., 19 MARCH

 KTFA

FRANK26: "THERE YOU GO PRESIDENT TRUMP."..........F26

Iraq and Turkey agree to double electricity supply via the interconnection line to 600 megawatts.

3/16/2025

 

Iraqi Minister of Electricity, Ziyad Ali Fadhil, received Turkish Minister of Energy, Alparslan Bayraktar, in Baghdad on Sunday, in the presence of Turkish Ambassador Anil Bora Inan, to discuss prospects for cooperation in the energy sector and strengthening the electrical interconnection between the two countries.

The Iraqi minister confirmed, according to a statement received by Shafaq News Agency, that the Ministry of Electricity has completed all preparations to increase the supply capacity via the Iraqi-Turkish interconnection line to 600 megawatts, proposing the formation of a joint higher technical committee to follow up on the implementation of the agreements.

For his part, the Turkish minister announced that supplies via the joint pipeline will double in the coming months, emphasizing Ankara's keenness to enhance cooperation with Baghdad in the energy sector.

It is noteworthy that the joint electricity interconnection line (Kask-Jazra 400 kV) began operating last July and currently supplies Iraq with 300 megawatts.

Turkish Minister of Energy and Natural Resources Alp Arslan arrived in Baghdad on Sunday, where he was received by Iraqi Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani.

LINK

TIDBIT FROM SANDY INGRAM, 19 MARCH

 Sandy Ingram  

5 reasons why the IQD will increase in value.  This assessment is based on Iraq only accepting payments for shipping services in its own currency.

 1.  Higher demand for IQD - when international companies pay for shipping, railway usage and port service in Iraq dinar, the demand for the currency increases. 

 2. Scarcity formula - As more businesses buy IQD...the supply of available dinar decreased making each unit more valuable. 

 3. Less dependent on the US dollar - if Iraq shifts...to the IQD instead of USD it strengthens the local currency while reducing inflationary pressures. 

 4.  Stronger economy equals stronger currency.  The development road will create jobs, increase exports and boost government revenue leading to economic growth and a more stable IQD. 

 5.  An alternative to the Suez Canal saving billions for companies exporting to Europe.

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

 

Direct implementation of the ASYCUDA system at Abu Fluos Customs in Basra, 18 MARCH

 Direct implementation of the ASYCUDA system at Abu Fluos Customs in Basra

Director General of the Customs Authority, Thamer Qasim Daoud, announced today, Tuesday, the commencement of work on the ASYCUDA system at the Abu Flus Customs in Basra.

In a statement received by Al-Eqtisad News, Daoud said, "The electronic automation system (ASYCUDA) has been implemented at the Abu Flus Customs in Basra Governorate  link

Tishwash:  Despite the budget amendments being completed a month and a half ago, there's a "possible" reason behind the delay in the schedules.

More than a month and a half has passed since the 2025 budget amendment was passed, but the 2025 schedules have yet to reach Parliament, raising questions about the reasons behind them. 

The initial obstacle to submitting the schedules was the delay in the budget amendment, but it appears the delay stems from the same reason related to Article 12 of the budget, which was amended but did not bear fruit.

Member saysFinance CommitteeParliamentarian, Mustafa Al-Karaawi, told Sumaria News that "the 2025 budget schedules were supposed to arrive before the end of the fiscal year, according to the text of Article 77, secondly, of thelawFinancial managementBut the schedules have not arrived yet, which is considered a violation of this text.

He explained that "there is information that the tables will reachHouse of Representatives"At the end of this month," he said, noting that "the delay in the schedules has disrupted many of the country's economic activities, the launch of operating budgets, and the halting of projects."

He stressed that "there are no appointments or confirmations for specific categories in the current year's budget," noting that "the allocations will be within the previous sections, but with different numbers, so the 2025 budget will be free of appointments."

The delay in sending the schedules for approval was due to the awaited amendment to the budget law, particularly Article 12 related to the Kurdistan Region's oil. After the amendment passed in early February, it was followed by significant tension and disagreements.

Despite about a month and a half having passed since the budget amendment was passed, the schedules have not yet been sent. It appears that the delay in sending the schedules is linked to the delay in resolving the issue of resuming Kurdistan's oil exports due to the ongoing disputes between Baghdad and foreign companies in Kurdistan. The Ministry of Finance and the government are unable to confirm the final expected revenue figures due to the lack of a decision on whether or not oil will be exported from Kurdistan. link'

FIREFLY: 12-2c will give us the new value,, 18 MARCH

 Frank26  

[Iraq boots-on-the-ground report]  

FIREFLY:TV says within hours oil can flow [into Turkey].  Why you asking me? 

 FRANK:  I didn't know it was already flowing or tested flowing or is about to flow in a few hours or can flow in a few hours.  Dear God because if the oil flows, the exchange rate flows IMO. 

 FIREFLY:  My opinion is all related to the mechanism in this Article 12-2c.  12-2c will give us the new value...They are saying within hours oil can start...The budget table are coming.  All is pointing to a Real Effective Exchange Rate IMO. 

 FRANK:  I agree Article 12-c holds the key, which is the new exchange rate. 

BANK STORY FROM MARKZ: THE DINAR IS A GOOD INVESTMENT!! @DINARREVALUATION #iraqidinarinvestor