Friday, March 21, 2025
Minister of Finance Stresses Importance of Modernizing Debt Management and Financial Analysis from Geneva, 21 MARCH
Minister of Finance Stresses Importance of Modernizing Debt Management and Financial Analysis from Geneva
Minister of Finance Taif Sami stressed the importance of modernizing debt management and committing to developing financial management mechanisms and enhancing transparency to support economic sustainability.
The Ministry of Finance stated in a statement received by the Iraqi News Agency (INA), "Minister of Finance Taif Sami participated today, Thursday, in the opening session of the United Nations Trade and Development Advisory Group meeting taking place in Geneva. The meeting aims to enhance the efficiency of debt management and develop financial analysis mechanisms in line with national and international strategies."
She added, "The session addressed the follow-up on the implementation of the Data Management Financial Services (DAMFAD) program for the period from 2020 to 2024, in addition to discussing the strategic plan for the next period (2025-2028), with a focus on ways to continuously develop and update the approved mechanisms.
The meeting also included a discussion session bringing together current and potential users of DAMFAD, providing an opportunity to exchange experiences and opinions to enhance the quality of services provided."
She continued, "As part of enhancing international cooperation, a donor consultation meeting was held to expand the financial support network. This reflects the Ministry of Finance's commitment to working together with all relevant stakeholders to achieve national financial goals.
The conference also witnessed the release of the seventh generation of the DAMFAD system, with the United Nations Conference on Trade and Development (UNCTAD) affirming its continued support for the Ministry of Finance and the Public Debt Department. UNCTAD representatives expressed their willingness to provide the necessary training for public debt cadres on the new system, which will contribute to enhancing debt management efficiency and achieving greater financial transparency."
During the conference, the Minister emphasized the importance of modernizing debt management and the commitment to developing financial management mechanisms and enhancing transparency to support economic sustainability.
This event is an important step within the Ministry's strategy to achieve higher financial efficiency, enhance economic stability, and build greater confidence in the national financial system. link
EXCERPTS FROM MARKZ, 21 MARCH
EXCERPTS FROM MARKZ
Member: is Iraq hiding a rate in the missing gazette document?
MZ: yes. I am hoping we see it over the weekend based on what I am hearing…. I could be wrong. But then so have all the other gurus.. But with groups gearing up over the weekend…..oil exports to resume this weekend…budget tables possible this weekend. There is a whole lot happening right now that points to “done”
A source told Baghdad Today the reason for the stalled oil negotiations between Baghdad and Erbil. , 21 M ARCH
A source told Baghdad Today the reason for the stalled oil negotiations between Baghdad and Erbil.
An informed source reported on Thursday (March 20, 2025) that the meeting between the delegations of the federal government and the Kurdistan Region increased tensions between the two parties, instead of reaching solutions.
The source added to Baghdad Today that "the reason for this is the federal delegation's insistence on handing over management of the central oil fields, which are managed by the regional government."
He pointed out that "the federal authorities insist on handing it over to them, so that the British company BP can invest in it."
He concluded by saying, "During the meeting, it was decided to send specialized technical teams to monitor the progress of work in the fields, audit production volumes, and monitor the quantities being exported by truck."
In turn, the regional government spokesman, Peshwa Hawrami, said, "We have declared since the beginning of the dispute with the federal government that we have nothing to hide regarding financial matters, oil, and other issues."
Kurdistan Regional Government Prime Minister Masrour Barzani had previously stated that the contract between the British company and the Iraqi government concerned "disputed areas."
It's worth noting that the Kurdistan Region of Iraq lost approximately $20 billion in oil revenues as a result of the Iraqi government's victory in a case at the International Court of Justice, which barred Turkey from exporting resources from the Kurdistan Region without first obtaining the approval of the Baghdad government. The ban on exporting resources from the region remains in place to this day. link
Coffee with MarkZ. 03/20/2025
Coffee with MarkZ. 03/20/2025
MarkZ Update – Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Happy First Day of Spring
Member: Good Morning. Is anyone sad we still are waiting? I am.
MZ: We are supposed to get youtube back tomorrow.
Member: Getting youtube back for the big day?
MZ: That’s the plan.
Member: Mark do you think there’s a chance this could go into April?
MZ: No – I do not. IMO, There is a possibility that exchanges could go into April …just because exchanges could take awhile.
MZ: I do have 3 different groups that have expressed to me their expectations to be processed over the weekend. If this happens it is highly possible to see 4a moving over the weekend . I am hoping for more updates on that one.
Member: Then we in 4b would be in line right behind them
MZ: I already have some wealth managers/redemption folks tell me they are scheduled to work this weekend. They will find out tomorrow morning if they are scheduled to work both days.
MZ: I am chasing updates on CMKX to see if they recently updated the fines and penalties.
Member: Will the Dinar show on FOREX after the revalue?
Member: I wonder- Is the I-DINAR on the Ripple network?
Member: (From Dinar Guru) Mnt Goat Article: “IRAQ CONFRONTS ECONOMIC CRISES WITH THE “DIGITAL DINAR.” THE PARALLEL MARKET IS THREATENED WITH “EXTINCTION.” The Central Bank of Iraq is preparing to launch the digital dinar, marking the transition to digital currency management. I want to add that this is no longer a long-term objective but something they are to do now. I mean now!
MZ: This was huge news a few years ago….When they talk about the digital dinar , it is backed by a physical measure of gold mixed with a basket of currencies from the region and oil or petrochemicals. So Iraq . this is a gold and asset backed digital currency. They will still have cash…physical dinar notes but it will be represented by the digital.
MZ: There were many articles about it at the time…..and they told us exactly what they are doing. I will look for these old articles to share with you.
MZ: In Iraq: “Parliamentary committee: Kurdistan region’s oil exports to start next week.” This is big. We have been waiting for this and the budget tables. Things appear to be coming to fruition this weekend.
Member: if oil is flowing and Iraqs contracts in country are importing material we should be there
MZ: This one is very interesting. “ 146 thousand dinars per $1,000 dollars. Dollar falls significantly in Iraq”
MZ: On the very same day there was another article: “The rise in the price of the dollar against the Iraqi dinar-new economic repercussions”
MZ: There were two conflicting articles running back to back…the rise of the dollar and the fall of the dollar……this is identical to what we saw in Kuwait and China prior to their value changes. More misdirection to cloud the timing. We saw the same thing in the last few currency revaluations.
Member: is Iraq hiding a rate in the missing gazette document?
MZ: yes. I am hoping we see it over the weekend based on what I am hearing…. I could be wrong. But then so have all the other gurus.. But with groups gearing up over the weekend…..oil exports to resume this weekend…budget tables possible this weekend. There is a whole lot happening right now that points to “done”
StacieZ joins the stream today. Please listen to the replay for her information
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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