SANDY INGRAM : Good news from Iraq: Historic deal with BP #iqd Indonesian Rupiah, 29 MARCH

 SANDY INGRAM : Good news from Iraq: Historic deal with BP #iqd Indonesian Rupiah

Highlights

Summary

The video discusses BP’s recent agreement with the Iraqi government to rejuvenate the historic Kirkuk oil fields, aiming to extract over 3 billion barrels of oil equivalent. This landmark deal, concluded on March 26th, 2025, signifies a crucial advancement for Iraq’s energy sector.

 The redevelopment plan concentrates on the Baba and Avana domes of the Kirkuk field and three adjacent fields: Bassan, Jambur, and Kabaz, which are currently managed by Iraq’s North Oil Company.

 The project is expected to create numerous job opportunities and stimulate the local economy through economic diversification and increased energy production. Furthermore, this collaboration with BP, a prominent global energy player, is anticipated to elevate Iraq’s international investment appeal. In the context of global energy, Iraq aims to raise its oil production capacity beyond 6 million barrels per day by 2029. The video shifts focus to Indonesia, detailing the pressure on its currency, the rupiah, and the actions taken by its central bank to stabilize it amid concerns regarding political climate and foreign investment.

• 🌍 Landmark Partnership: BP secures approval from Iraq to revitalize Kirkuk oil fields for over 3 billion barrels of oil.
• 💼 Job Creation: The project is expected to generate significant employment both directly and via ancillary services.
• 📈 Economic Growth: Increased oil output will enhance Iraq’s export revenue, providing funds for public services and infrastructure.
• 🌐 Attracting Investments: Collaboration with BP may improve Iraq’s reputation in the international investment climate.
• ⛽ Energy Market Ambitions: Iraq targets an oil production capacity of over 6 million barrels per day by 2029.
• 🇮🇩 Indonesia’s Economic Turmoil: Concern over the weakening rupiah leads the central bank to intervene for stabilization.
• 🧐 Investment Insights: Evaluating opportunities in BP stock and the rupiah amid economic changes.

Key Insights

• 🚀 Strategic Energy Development: BP’s investment in the Kirkuk oil fields reflects a strategic shift towards revitalizing Iraq’s energy sector. This partnership not only provides a financial influx but also enhances technological and managerial expertise, which could lead to improved operational efficiencies and overall energy output in the region.

• 🛠️ Local Economic Boost: The employment generated through this project will likely have positive ripple effects throughout local economies. With job opportunities both directly tied to oil production and in supporting industries, local communities could gain increased economic vitality, leading to improved living standards and reduced poverty.

• 📊 Government Revenue and Infrastructure Funding: Enhanced oil production is expected to significantly increase government revenues through exports. Such revenues can provide supplementary funds for essential public services, healthcare, education, and infrastructure development, addressing long-standing needs in the region.

• 🌟 Enhancing Global Investment Appeal: BP’s collaboration may attract further foreign investments into Iraq, signaling a stable environment for international partners. This could pave the way for additional investments in infrastructure, technology, and hospitality, further diversifying the country’s economy and reducing its historical dependency on oil.

• 📈  Oil Market Dynamics: Iraq’s ambition to raise its production capacity is crucial in the context of global energy demands. This aligns with worldwide trends toward energy dependence and could increase Iraq’s bargaining power in OPEC and other international forums.

• 📉 Indonesian Economic Challenges: The pressures facing the Indonesian rupiah reflect broader economic concerns, including a faltering political climate and rising government spending. This could deter investment, prompting the central bank’s intervention to stabilize the currency and restore investor confidence.

• 🌐 Forex Investment Opportunities: With the rupiah trading under pressure, potential investors are encouraged to consider both short-term and long-term strategies to capitalize on possible currency recovery. Understanding the macroeconomic environment and conducting thorough research is essential for navigating these complex investment landscapes.

The video presents a multifaceted view of two significant energy economies—Iraq and Indonesia—highlighting the interplay between energy production, economic stability, and investment opportunities in the current global landscape. By addressing local employment, government revenues, and foreign investment potential, it provides a comprehensive framework for understanding Iraq’s future economic trajectory, while also casting light on the challenges and opportunities facing Indonesia’s currency and economy.

Investors and stakeholders in both regions should closely monitor these developments as they unfold, considering their potential implications for market dynamics and personal portfolios. 

The cooperation between BP and Iraq represents a hopeful stride toward energy sector revitalization, while the situation in Indonesia serves as a cautionary tale for investors navigating emerging market uncertainties. Overall, these narratives underscore the importance of informed decision-making in an ever-evolving economic ecosystem.

ZIM Holders' Secret Exchange Protocol Revealed!!! @DINARREVALUATION #iraqidinarinvestor

 

Iraq: Ongoing partnership with the World Bank is important, 29 MARCH

 Iraq: Ongoing partnership with the World Bank is important

INA - BAGHDAD

Minister of Finance, Taif Sami, stressed on Tuesday the importance of ongoing partnership with the World Bank.

Sami received the World Bank Representative to Iraq, Jean-Christophe Carret, and his accompanying delegation, said the Ministry of Finance in a statement - received by the Iraqi News Agency - INA.

They discussed ways to enhance economic and financial cooperation between Iraq and the World Bank.  Several key topics related to enhancing financial stability in Iraq were reviewed, in addition to "discussing the development projects that the two parties seek to implement with the aim of achieving sustainable development."

The Minister of Finance stressed "the importance of ongoing partnership with the World Bank, and Iraq's aspiration to benefit from the technical and financial support provided by the bank in implementing strategic projects to stimulate economic growth and provide job opportunities, especially in areas that include infrastructure and human development."

In turn, the World Bank representative expressed the bank's commitment to "continue supporting Iraq in achieving its development goals." 

Carret noted that "the World Bank pays great attention to enhancing Iraq's ability to confront economic and development challenges, with a focus on sustainable development and achieving inclusiveness in the benefits achieved."

STATUS OF THE RV , PART. 2 BY MNT GOAT, 29 MARCH

 STATUS OF THE RV , PART. 2

Breakthrough with the IQD:

😊I need everyone to go to my Articles Section today and read the entire article titled “AL-NUSAIRI: 2025 INDICATORS: A STRONG ECONOMY, A RECOVERING DINAR, AND DEVELOPING BANKS.”

 Economic and banking advisor Samir Al-Nusairi confirmed that his predictions, made in previous articles and statements, that our economic indicators in 2025 herald a strong and robust economy based on the availability of foreign currency reserves exceeding $108 billion and 163 tons of gold,

 sufficient to cover imports for 18 months. Al-Nusairi also said in an interview with Al-Eqtisad News that the local currency issued amounted to approximately 100 trillion dinars, and our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards the equilibrium price targeted by the Central Bank.

So, let’s hold our proverbial horses and not go off with a half-cocked reaction to Al-Nusairo’s statements in the article of today. Lets’ pay close attention to the words he said. He said “gradual” which is exactly what

 I keep emphasizing on my blog. He did not say tomorrow or next week. He merely said “gradual” and so when it happens, it happens.

Then he talks about an “equilibrium”  ;price that is being targeted by the CBI. 

Operative words are “equilibrium” and “targeted”. Oh boy, oh boy, oh boy is this not what my CBI contact has been telling us all along? 

She said that the parallel market must be cracked to drive down the informal price of the dollar to the “official” CBI rate. 

Appears to me they are cracking the parallel market. I told everyone this will not happen overnight and will take weeks to materialize once the U.S. ends sending paper cash to Iraq.

 This means that the dinar, as it is still pegged to the dollar, will also “gradually” go up in rate. 

So, what is this “equilibrium” price exactly they are targeting?

The CBI is not going to divulge this target rate to us but we do know they told us it is at the “official” rate or very close to it. Then we were told when this happens this will trigger the Project to Delete the Zeros and so on and so forth. Again, the word “trigger”.

Remember that I was worried when I heard all this recent news about the decision by the CBI to go forward with their digital dinar. 

Would they still conduct the Project to Delete the Zeros? 

Would Iraq still have a paper currency? 

What would happen to our dinar that we hold? Should we have been worried? 

I then listened to the news going forward from that week and we then learned the answers to these important questions. 

But what happened was I took my time, relaxed and kept listening to the news.

 I did not go off half-cocked. No knee-Jerk reaction. The FACTS will always eventually surface. There is no need to lie about the future. They will tell us.

Yes, much of the news is delayed as many times it already happened by the time when we get it. 

What is wrong with this method of distributing the news?

 Even though it is untimely, we can still put the picture of the puzzle together to see where they are going and how they plan to get there.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

FIREFLY: HCL Cards and New Exchange Rate!!! @DINARREVALUATION #iraqidinarinvestor #iraq

 

Prime Minister: Iraq Has Become an Encouraging and Attractive Environment for Investment, 29 MARCH

 Prime Minister: Iraq Has Become an Encouraging and Attractive Environment for Investment

Baghdad - INA

Prime Minister Mohammed Shia al-Sudani affirmed on Thursday that Iraq has become an encouraging and attractive environment for investment, noting that women's entry into the investment sector enhances their role in development.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received the Chairwoman of the Board of Directors of the Emirati Sawaed Al Khair Association, Sheikha Fatima bint Hashr Al Maktoum, and her accompanying delegation."

He added that "Al-Sudani welcomed this visit, which aims to enhance understanding and develop cooperation and bilateral relations between Iraq and the UAE, stressing the government's keenness to provide everything that would contribute to advancing relations in various fields."

According to the statement, Al-Sudani indicated that "Iraq has become an encouraging and attractive environment for investment, based on its real assets and opportunities," indicating that "women's entry into the investment and business sectors enhances their role and participation in construction and achieving development."

For her part, Sheikha Fatima Al Maktoum expressed her "welcome to the Iraqi government's measures to support women and prepare them for entry into the workforce," affirming her "efforts to establish a charitable center in Baghdad to rehabilitate people of determination, as a pioneer in humanitarian work and activities." Al-Sudani expressed his support for this step and directed that obstacles be removed to complete the project.

NADER FROM MID EAST: Iqd Iraq dinar for friends only the heaters get the F of the way, 29 MARCH

 NADER FROM MID EAST: Iqd Iraq dinar for friends only the heaters get the F of the way

Highlights

Summary

In a recent press statement, Minister Muhammad Xia Al Sudini announced significant developments regarding Iraq’s financial reforms and industrial progress. He highlighted that the U.S. Treasury has acknowledged Iraq’s advancements related to the dollar issue, referring to them as a “revolution” in economic management.

 Al Sudini stated that Iraq’s account with the U.S. Federal Reserve is now fully under the government’s control, which marks a shift away from prior U.S. oversight. He addressed the historical context of U.S. silence over two decades, attributing it to America’s desire to track the final destinations of its dollar, which he noted is a valid concern. 

The government plans to create one million job positions through a three-year budget, reflecting its commitment to resolving long-standing structural and social challenges. 

Al Sudini also presented data showing that 54 Iraqi factories are now exporting products, which signifies enhanced national production capacities. Furthermore, he announced a substantial increase in electricity generation from 19,000 to 27,000 megawatts, emphasizing that these initiatives are integral to improving public services and meeting citizen demands.

• 🚀 Revolutionary Financial Progress: U.S. Treasury recognizes Iraq’s advancements as a revolutionary step in managing the dollar issue.
• 🏦 Financial Independence: Iraq’s Federal Reserve account is now controlled by the government, marking a significant independence from U.S. oversight.
• 🎯 Job Creation Commitment: The government plans to create one million jobs over three years as part of its budgetary commitments.
• 🏭 Exporting Products: 54 Iraqi factories are exporting goods, indicating growth in national production capabilities.
• ⚡ Electricity Generation Boost: Increase in electricity production from 19,000 to 27,000 megawatts aimed at improving public services.
• 📈 Strategic Goals: The initiatives reflect the government’s strategy to address accumulated structural and social problems.
• 🌍 Strengthening National Economy: The focus on industrial and energy sectors is aimed at building a robust national economy.

Key Insights

• 💡 Transformative Economic Governance: The acknowledgment by the U.S. Treasury signifies a pivotal moment for Iraq, transitioning towards autonomous economic governance. Minister Al Sudini’s statements indicate that Iraq’s leadership aims to establish a dynamic financial system that operates independently from U.S. influence, which could be transformative for the nation’s economy and international standing.

• 📊 Sustainable Job Creation: The commitment to create one million jobs signals a proactive approach to combating unemployment and nurturing economic growth. Through strategic budgeting over a three-year period, the Iraqi government aims to tackle systemic social challenges, which could promote stability and reduce dependency on oil revenues in the long run.

• 🌱 Revitalization of the Industrial Sector: The fact that 54 factories are now exporting goods is a notable achievement that demonstrates tangible progress in revitalizing Iraq’s industrial capabilities. This shift not only fosters competitiveness in global markets but also encourages local job creation and enhances self-sufficiency.

• ⚖️ Addressing Historical Economic Challenges: Minister Al Sudini’s remarks about the U.S.'s historical silence on Iraq’s financial matters provide context to understand the complexities of international economic relationships. The government’s move to reassess its financial strategies reflects a desire to mitigate past economic vulnerabilities and reinstate stability.

• ⚒️ Growth in Energy Capacity: The substantial increase in electricity generation capacity could potentially lead to improved living conditions for citizens. By increasing electrical output, the government is aligning its energy policy with the needs of its population, indicating a strong commitment to infrastructure development.

• 📈 Long-term Economic Strategy: The dual focus on job creation and energy capacity enhancement suggests that Iraq’s economic plan is not merely reactive but instead aims for long-term sustainability. This suggests an intelligent approach to balancing immediate socio-economic challenges with broader developmental goals.

• 🌍 Focus on International Trade: The emphasis on exports not only reflects the government’s intent to boost domestic manufacturing but also points to a broader strategy of returning Iraq to the global trade arena. This global re-engagement could potentially lead to increased foreign investment and economic collaborations, fostering an environment for sustained growth.

Through these insights, it is evident that Iraq is at a critical juncture in its economic history, with both opportunities and challenges on the horizon. The government’s initiatives represent a roadmap towards modernization and self-reliance, aiming not only to stabilize the current economic climate but also to elevate Iraq’s status in the global economy.