Article: "The Central Bank of Iraq lists the reasons for the decline in foreign exchange reserves"
Quote "...Central banks resort to withdrawing cash liquidity from the market through enhanced cash sterilization operations as part of its efforts to maintain monetary stability.
The central bank emphasized that despite the decline it still possesses large net foreign reserves relative to the money supply which is relatively secure according to international financial standards."
They're saying they've got it covered and what they're doing is using what they call 'sterilization'.
Iraq's Council of Ministers has endorsed the Joint Management Committee's decision on Artawi [Ratawi] oil field, awarding the contract for crude gas pipelines to China Petroleum Pipeline Engineering (CPP), with part of the work assigned to the State Company for Oil Projects (SCOP).
The pipelines will run from the Majnoon,
West Qurna-2, and Artawi fields to the Gas Processing Plant (GPP).
The contract also includes pipelines for dry gas transmission to the national network and condensate and LPG pipelines,
1. Back screen rate for dinars showed up as approximately $5 this morning at JPMorgan Chase. Dongs were slightly less.
2. Isaac, a very big whale bond holder from seeds of wisdom has let "salty toes" know that he has advanced and is getting ready to announce by text "Victory." This means he has liquidity. When he goes we go next. He is already in process.
3. Reno airport is extraordinarily busy with private jets.
4. Someone I know knows someone who has liquidity in tier 3 and is complete.
5. 30% of tier 3 needs to go through and be processed before tier 4 can begin. Tier three is a very small group compared to our group and probably less than 10,000 people. They have been processing now for a while.
6. We may get notifications soon. 10-days or less. We will likely have been processed by Easter 4/20.
7. Skye Prince has announced she thinks we're here and is signing off. Seeds of wisdom has announced they will shut down the room and it'll be read only. Ginger did not sleep last night as she is trying to vet all of the latest Intel. Mike Barra got identical information from two people, one of which told him he could share the other told him not to share. He is going to share on Wolverine show regardless and may have already.
8. A military contact shared to a friend that someone he knows running a redemption center was told that we should "bring our Bolivars just in case." (Bring everything and get SKRs. This way you will get contract rates.)
9. A Cherokee Elder I know has gone through and is liquid.
FRANK26: "TRUMP, PANAMA CANAL - SUDANI, AL FAW GRAND PORT."......F26
Al-Faw Grand Port’s first phase to be completed by end of 2025
A container ship moored to a berth at the Al-Faw Grand Port, Photo: PMO
3/17/2025
Baghdad –
The Iraqi Minister of Transport, Razzaq Al-Saadawi, revealed that the first phase of the Al-Faw Grand Port will be completed by the end of 2025. Expected to be the biggest seaport in the Middle East, Iraq’s Al-Faw Grand Port stands out due to its open-sea setting, which spans 54 square kilometers, according to Al-Saadawi.
The first phase of the project consists of five piers, which have been completely finished; a 62-kilometer road that connects the Al-Faw Grand Port to Umm Qasr port city; a 2,400-meter-long submerged tunnel; a ship canal; and a container yard,
the Iraqi News Agency (INA) reported.
As part of a field tour conducted last November to review the progress made in major projects of the southern Iraqi port, the Iraqi Prime Minister, Mohammed Shia Al-Sudani, inaugurated the port’s first five container berths.
Al-Sudani reviewed the port’s major projects, including the container yard and the underwater tunnel, which is one of the important parts of Iraq’s Development Road.
The underwater tunnel being built under the Khor Al-Zubair Channel forms part of the new highway being built to link the Al-Faw Grand Port to Umm Qasr Port and the existing transport network, including Iraq’s Development Road.
The Al-Faw Grand Port is located on the Khor Abdallah Channel, near the mouth of Shatt Al-Arab.
According to Maritime Gateway News, the five container shipping berths, which have been constructed by Daewoo E&C, a company located in South Korea, can each hold ships up to 23,000 twenty-foot equivalent units (TEU).
With 100 berths and the capacity to handle 7.5 million TEU annually, the Al-Faw Grand Port is expected to surpass Dubai’s 67-berth Jebel Ali as the largest container port in the Middle East when finished in 2038.
Four million TEU of containers may be handled annually by the port’s first phase, which is anticipated to be finished in 2028.
By connecting the port city of Basra to Turkey via an overland route, the $7 billion logistics project will compete with Egypt’s Suez Canal and establish Basra as a gateway to Europe.
The lofty project, which aims to connect Asia and Europe through gas and oil pipelines, rail networks, and road networks, includes the 2.4-kilometer underwater tunnel as a key component.
Sisi: Suez Canal revenue losses amounted to $800 million due to the situation in the region.
3/18/2025
Egyptian President Abdel Fattah el-Sisi said that the Suez Canal revenue losses amounted to $800 million due to the situation in the region.
El-Sisi pointed to the difficult circumstances facing the world and the Middle East, explaining that Egypt has managed to move forward with steady, measured steps despite the challenges it has faced over the past fifteen years, including the economic crises that have also affected the world. The country is incurring monthly losses estimated at approximately $800 million in Suez Canal revenue due to the situation in the region.
In contrast, Sisi affirmed that the Egyptian economy is witnessing positive indicators, pointing to the International Monetary Fund's recent approval of a new tranche of aid to Egypt. He also praised the role and cohesion of the Egyptian people and the strength of state institutions, particularly the armed forces and the civil police, as they represent the country's cornerstone in these exceptional times.
MZ: Good evening ….Oddly quiet day today on the bond side. It makes me scratch my head…..I want somebody to return a call…or actually answer the phone. If they actually had their phone on it would be a bonus. I am getting a lot of quiet or straight to voicemail.
MZ: I continue to hear from folks that are part of bond groups that are getting notified for travel. It has me excited
MZ: Have not heard anything on CMKX or Prosperity Packages.
MZ: “Sudani launches projects to rehabilitate electricity networks and expand stations for summer 2025” They are working hard to get rid of Iranian influence and do a better job for the Iraqi people. .
MZ: “Parliamentary Finance committee: Budget tables will no include job grades” I am told to expect the budget table to arrive in parliament most likely on Sunday.
MZ: There are many rumors that the rates will be in the budget tables.
