Tuesday, April 1, 2025
Iraq's domestic debt is expected to rise to 81 trillion dinars in 2024., 1 APRIL
Iraq's domestic debt is expected to rise to 81 trillion dinars in 2024.
The Central Bank of Iraq announced on Monday an increase in domestic debt, while also noting a decline in foreign reserves for 2024.
The bank stated in its report on monetary and financial indicators in Iraq, which was reviewed by the Iraq Observer, that "the Central Bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a decrease of 10.18% compared to the same period in 2023, when they amounted to 145.64 trillion dinars."
He added, "The reason for the decline in foreign reserves is the rise in domestic public debt, which is needed to cover the real deficit in the state's general budget."
The report indicated that "Iraq's domestic public debt increased by 17.70% to reach 83.05 trillion dinars in 2024, compared to 70.56 trillion dinars in 2023." link
Monday Coffee with MarkZ. 03/31/2025, 1 APRIL
Monday Coffee with MarkZ. 03/31/2025
Mar 31
Monday Coffee with MarkZ. 03/31/2025
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 Monday and last day of March. A new month is upon us and brings a new hope.
Member: Happy Monday…..new start to a new week of waiting.
Member: Anyone think this is our week?
Member: I’m hoping this is going to be a great week!!
Member: Hope springs eternal…but boy am I tired.
Member: Did any of your bond contacts receive their money yet Mark? Starting to lose hope.
MZ: How do I say this without getting anybody into trouble? I will have to think about this…..but I have great hope.
Member: what does your gut say Mark?
MZ: My gut has been notoriously wrong….but based on overwhelming news from bond contacts that they expect full payments this week…..I am looking somewhere around April 8th. So early next week makes sense to me….But remember I have been wrong in the past.
Member: What does everyone think will happen April 2?
Member: Reciprocal tariffs start…..and lots of msm will lose their minds.
Member; I do not think Nesara will start like many of the rumors over the weekend say it will…. .but maybe after the audits of the Fed, The Treasury and Ft. Knox…we will see something happen for us.
Member: Time to pull the switch on all of this change!
Member: haha, I'm prepared for "liberation day" to be a big nothing burger so getting some libations stocked up!
Member: Why would Trump call April 2nd as "Liberation Day" ? Would that begin the external revenue service where we see DOGE dividend checks? RV happen simultaneously? ?
Member: Anyone know why Trump said Treasury Secretary Bessent is excited about April 2nd??
Member: the trade war is much bigger than anyone thinks. It’s going to cause the worlds markets to go down.
MZ: I think it’s brilliant. We know we need a correction- it is correcting…... We know the stock market is overpriced on stocks versus earnings. This is based on data from the last 94 years. (since 1929)
MZ: At the same time-what else is happening? Stocks are coming down to a more sane level and a historic rise in metals. For them to reset this……we need a stock market that is valued appropriately. We also need metals to go up to revalue the rate of gold held by the US (It is currently at about $42.00 an ounce) .......
MZ: So gold needs to go up and the market needs to go down. Prices need to deflate back to where they were in the 60’s and 70’s. Those things are happening right now. Gold this morning was $3,127…..we are watching happen what needs to happen. We are watching a reset….but instead of it happening all at one time …We are watching it in slow motion.
Member: Gold Surged up over 3150 this weekend. Rumor is that there was a very important meeting last week with the Chinese Elders and every Treasury department globally. After that meeting, Gold and Silver Surged up.
Member: Would it be possible that the President is going to announce we are back on the Gold Standard on 4/2?
MZ: “ US sets sights on $1.5 Trillion lithium find in McDermott Caldera’s record deposit” This is on the Oregan/ Nevada border and one of the largest lithium deposits found in the US…..……Suddenly many natural resources are being discovered all over the world. ….. Its like they are about to base our wealth on commodities….and go asset backed….everytime in history that fiat has crashed…commodities have always gotten a heck of a boost.
Member: I think we wont see the RV until the budget is balanced…The RV will remove all the foreign debt once the budget is balanced
MZ: That might makes sense. Doge is necessary. They need to fix what is wrong in our government.
Member: The bible says “Don’t put new wine in an old wineskin.”
Member: Maybe things are already being fixed behind the scenes???
Member: Hearing that Sudani will release the financial reform immediately after Eid. Eid al Fitr will be ending on Liberation Day. Is it possible we see the finish line late on the 2nd?
MZ: it is very possible we see it then. There was a lot of expectation for the weekend. It could be the second but no one knows the timing. Continue to make good decisions and be responsible.
MZ: We absolutely know the system will reset. History shows up that resets are cyclical. They do break and they do reset. We are way past due for a reset.
Member: TNT Posted that 1 and 5 and 10 lower Denomination were released
Member: Tomorrow marks the first day of a new quarter. Shabibi mentioned it starting on a quarter somewhere.
MZ: It would be easiest for them to start then.
Member: I heard a rumor all contracts in Iraq expire today!!!
MZ: I have not heard that from any of my sources. No one I know agrees with that.
Member: Florida governor this morning talking about eliminating property tax.....
Member: A person named Mel has said a 100T Zim note will be worth about $11 million.
MZ: The lowest I have heard is $11 Million per 1 100T note. I usually hear $30-$50 million. Noone will know for sure until we reach the finish line.
Member: "Luck favors the prepared, dahling" - Edna Mode, The Incredibles
Member: Thank you Mark, for doing your utmost best to keep us sane and hopeful thru all this craziness. you are Greatly Appreciated!
Member: Thank Mark and Mods….Everyone have a wonderful day and see you for coffee tomorrow morning.
APIKUR Refutes Claims of Blaming Erbil for Oil Export Delays, 1 APRIL
APIKUR Refutes Claims of Blaming Erbil for Oil Export Delays
ERBIL (Kurdistan24) – The Association of the Petroleum Industry of Kurdistan (APIKUR) has dismissed recent claims suggesting that it holds Erbil responsible for the prolonged suspension of oil exports through the Iraq-Türkiye pipeline. In a statement released on social media, APIKUR rebuffed a commentary and tweet from Asharq Al-Awsat’s English-language platform (@aawsat_eng), calling the assertion inaccurate.
“APIKUR member companies appreciate Prime Minister Barzani and other KRG leaders’ vigorous public and private efforts to restore oil exports through the Iraq-Türkiye pipeline that will boost prosperity for all Iraqis,” APIKUR stated. The industry group also urged the public to follow its official handle (@apikur_oil) for accurate updates on the issue.
The dispute over oil exports stems from the March 2023 arbitration ruling by the International Chamber of Commerce (ICC), which led Türkiye to halt the transportation of Kurdish crude through its Ceyhan port. Since then, the Kurdistan Regional Government (KRG), has been negotiating with Baghdad to resume oil exports, which are vital for the Kurdistan Region’s economy and Iraq as well.
Despite these efforts, political and technical hurdles have hindered the process, causing frustration among energy companies operating in the Kurdistan Region. APIKUR has consistently advocated for a swift resolution, emphasizing that a restart of oil exports would benefit all parties involved, including the federal government in Baghdad.
With ongoing diplomatic engagements between the KRG, the Iraqi government, and Türkiye, stakeholders remain hopeful that a breakthrough will soon be reached, enabling the resumption of exports and stabilizing the region’s energy sector.
Kurdistan24.net
MILITIAMAN : Central Bank of Iraq - Negotiations in March - Digital Dinar - Important initiative to finance, 1 APRIL
MILITIAMAN : Central Bank of Iraq - Negotiations in March - Digital Dinar - Important initiative to finance.
Highlights
Summary
In this video, the speaker addresses the audience on a Sunday afternoon, emphasizing the importance of the recent developments regarding the Iraqi economy, particularly the introduction of the digital dinar and financing for industrial projects. The speaker reflects on earlier discussions from mid-March about Iraq’s digital currency initiative,
which aims to support major industrial initiatives and attract large investors with a minimum investment of $250 million. The launch of Iraq’s digital dinar is anticipated to facilitate instant transactions, reduce reliance on physical currency, and improve financial accessibility for various segments of the population.
Furthermore, the central bank of Iraq is set to launch a major initiative to finance industrial projects, collaborating with the Trade Bank of Iraq and the Industrial Bank of Iraq. The speaker emphasizes the significance of this initiative as it represents a departure from the traditional tripartite budget, hinting at the need for an international currency to support new industrial endeavors. The discussion extends to the development road project, which will encompass agricultural and service projects along major transportation routes. The speaker expresses optimism about these developments and believes they are positioning Iraq for significant economic advancements, including increased trade partnerships with neighboring countries such as Syria and Iran.
- 🌐 Introduction of the digital dinar to enhance financial transactions in Iraq.
- 💰 Major initiative for financing industrial projects announced by Iraq’s central bank.
- 🔍 Focus on attracting large investors ($250 million or more) through improved financial support.
- 🚀 Development road project to promote agriculture and services alongside industrial cities.
- 🛣️ Potential trade benefits with neighboring countries as Iraq enhances its economic infrastructure.
- 🔄 Transition from physical currency to a sophisticated digital currency system.
- 🔒 Enhanced financial accessibility for various segments of society with digital services.
Key Insights
📈 Digital Dinar’s Role in Economic Recovery: The introduction of Iraq’s digital dinar is a crucial step in modernizing the financial system of the country. By allowing instant money transfers, it aims to streamline commerce and reduce the logistical burdens associated with traditional currency. This transition may also help stabilize the economy, as digital currencies can be less susceptible to physical disruptions and may enhance efficiency in transactions.
💼 Attracting Foreign Investment: The initiative to create a ‘single window’ for large investors signals Iraq’s commitment to drawing substantial foreign investment, particularly in industrial projects. The targeted amount of $250 million or more highlights the focus on significant projects that can drive economic transformation and job creation.
🏗️ Transformation Beyond Traditional Budgets: The launch of industrial projects will utilize funds beyond the traditional tripartite budget structure, indicating a more flexible approach to financing and economic development. This evolution is essential for Iraq to undertake large-scale initiatives that can lead to sustainable economic growth.
🌍 Regional Trade Expansion: The speaker mentions potential trade negotiations with Syria and Iran, which, if successful, could open new avenues for economic collaboration. Strengthening trade relations may provide Iraq with additional resources and markets for its industrial outputs, further boosting its economy.
📊 Comprehensive Development Strategy: The development road project encapsulates a broader vision for economic growth that includes agriculture and services. This all-encompassing approach not only aims at building physical infrastructure but also targets social development, creating employment opportunities and improving the standard of living for citizens.
⚡ Central Bank’s Forward-Thinking Strategies: The initiatives proposed by the central bank governor reflect a forward-thinking approach to Iraq’s economic challenges. By leveraging existing liquidity in cooperation with major banks, this strategy emphasizes efficient fund utilization to finance new industrial visions effectively.
🖥️ Integration of Technology in Financial Services: The transition to a digital currency system not only modernizes payments but also enhances transparency and accuracy in transactions. This technological shift can enable better data tracking and financial management, making it harder for corruption to persist in financial dealings.
Overall, the video discusses pivotal changes taking place in Iraq’s economy, driven by digital currency, industrial initiatives, and the cultivation of international relations. This multifaceted approach lays the groundwork for a potentially transformative period for Iraq, promoting financial stability and economic growth. The speaker encourages viewers to engage with the content and supports the community’s development through various platforms.
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