There is still a lot of article content talking about foolishness like parallel markets, hoarded Dinar, and corruption.
This is a smoke screen as Iraq stalls for time to put together their Digital Dinar protocol...Installation is the very best, a three week job, in Iraq, that translates into a 12 week job...Hoarded dinar is a ridiculous claim.
They have already claimed in writing that they have 70% of the three zero notes in house...It doesn't pass the smell test.
So parallel markets and hoarding are thin excuses at best and deceptions at the worst.
Corruption is a permanent fixture ...and that's true for every Nation. There will always be criminals.
There are agreements and meetings about reinforcing laws to stop corruption with many nations so we take that completely out of the excuse category.
The truth is, the training is going slowly and is incomplete at this time and the hoarding is a weak minded excuse for those with weak intellect. Get the electronic cross-border payments under control and we will see the RI.
Data Confirms Iraq's Pivotal Role In The Global Oil Market
Buratha News Agency1412025-03-26 SOMO today explained the importance of Iraqi oil and its vital role in global markets, while indicating that Iraq has the fourth largest proven oil reserves in the world, at approximately 145 billion barrels. SOMO emphasized the advantages of Iraqi oil, explaining,
“Global crude oils are classified and their quality is determined based on their API (specific gravity) and sulfur content. Iraqi crude oil produced on this basis is classified into (medium and heavy crude oil) based on its specific gravity.
It has a high sulfur content for both types, according to the sulfur content standard. It is considered a crude oil with specifications (required globally), and is compatible with the operational plans of refineries that wish to produce specific products according to their needs.”
She explained that "among the advantages that help attract buyers are the significant and growing demand for medium and heavy crude oils, stable production, and the availability of large, stable quantities that ensure long-term supply contracts for these refineries.
The geographic location and low shipping costs make Iraqi oil a favorite in the Asian market, in addition to the fair, competitive price based on market fundamentals."
The company continued, "Iraq ranks fifth in the world in terms of oil production, with an output of approximately 4.27 million barrels per day, making it the second-largest producer in OPEC after Saudi Arabia. Iraq also has the fourth-largest proven oil reserves in the world, at approximately 145 billion barrels."
She pointed out that "this ranking reflects Iraq's vital role in global oil markets, as it contributes significantly to meeting global energy demand. Marketing-wise, Iraqi crude oil is considered an important oil with a good market reputation, as it is relied upon by many global refineries in their refining operations and there is relatively high demand for it."
She added, "Iraqi crude oil is in global demand for refineries in several countries, as Iraqi crude oil is exported exclusively to companies that own refineries, but most of the companies to which Iraqi crude oil is exported are Asian companies, the most important of which are China and India, at a rate of approximately 70%, and approximately 30% for the other two markets, European and American combined."
She also pointed out that "OPEC and OPEC+ policies determine production levels, which are reflected in global prices, impacting the buying and selling of Iraqi crude oil. The greater the production restrictions, the higher the prices and the lower the quantities sold, and vice versa. These policies also impact the market share and financial returns." https://burathanews.com/arabic/economic/458057
IRAQ
Now that the Council of Minister (COM) has the schedules {which will quickly get approved}. Thereafter….
Iraq Parliament will receive the 2025 budget tables/schedules AFTER the RATE CHANGES or
SIMULTANEOUSLY (imo).
MAJEED
The Minister of Planning announces the completion of the 2025 budget tables and their submission to the Council of Ministers. Minister of Planning: The budget tables do not include any new projects, but they do include funding for ongoing projects.
Iraq establishes “special company” to manage Development Road Project
Shafaq News/ Iraq has established a “special company” to manage the Development Road Project, Prime Minister Mohammed Shia Al-Sudani’s media office stated on Thursday.
According to the statement, the PM presided over the Higher Committee for Monitoring the Implementation of the project's second meeting in a week to review progress and assess directives from the previous session.
During the meeting, the committee approved the Iraq Development Fund’s initiative to establish the company. Plans are also underway to form a dedicated regulatory body for the initiative.
Additionally, the committee finalized interim governance regulations governing cooperation between Iraq and Turkiye on the project. Al-Sudani instructed consulting firm Oliver Wyman to hold a joint meeting with Iraqi and Turkish officials to finalize these regulations.
FIREFLY:They're talking about oil revenues to the citizens.
They have not talked to us about our oil in quite a while. In fact, what they're talking about has not been brought to us since 2018 when they said we have a special card just for this. Now all of a sudden we are now hearing this again today.
FRANK:
Those cards are basically HCL cards. If they're talking to them about it? There's so many things pointing in one direction.
FIREFlY: This is obviously the HCL coming to us because of a new exchange rate soon. FRANK: IMO this is the preparation for the HCL that is about to be given to you because of that new exchange rate.
