Al-Sudani's advisor to Rudaw: US tariffs do not include oil and gas, and their impact will be zero., 3 APRIL

 Al-Sudani's advisor to Rudaw: US tariffs do not include oil and gas, and their impact will be zero.

Mazhar Mohammed Salih, financial and economic advisor to the Iraqi Prime Minister, downplayed the impact of the US decision to impose a 39% tariff on Iraqi products, noting that Iraq has no significant exports to the US market.

Mazhar Mohammed Saleh told Rudaw Media Network on Thursday (April 3, 2025): "The US customs tariffs do not include oil and gas, which means that the impact of this move on Iraq will be zero, because Iraq does not have any other noteworthy goods exported to America that could be subject to customs duties."

Saleh explained that "Iraqi crude oil exports to the United States do not exceed $5 billion annually, and the US market is considered a secondary market for Iraq compared to those of China and India, where approximately 70% of Iraqi oil is exported."

Regarding the import of American goods to Iraq, he noted that "Iraq imports 90% of its goods and civilian needs from Turkey, India, China, the UAE, and some European countries," describing the American market as a "secondary market" compared to Asian and European markets. 

Al-Sudani's advisor said, "The Strategic Framework Agreement signed between Iraq and the United States in 2008 has protected Iraq from shifts in the US's highly protectionist policy, particularly with regard to the imposition of customs duties." 

US President Donald Trump announced on Wednesday the imposition of 39% tariffs on imports from US trading partners, including Iraq. link

TIDBIT FROM WALKINGSTICK, 3 APRIL

Walkingstick  

You have to understand the Asraflak is a campaign that is going to come out for the next two months.  

Inside this campaign there's also a software...entitled 'spend it'.   This is a program that transfers money at an instant speed of time.

  It is done through a digital program that delivers instantly a receipt.  'Spend It' is not at 1310 IMO.  

Spend It is an American term.  It is not an Arabic term used in banks...

It is also a financial literacy program..

🚨 APRIL 1: Iraq’s Global Trade Switch Goes Live !! @DINARREVALUATION #iraqidinarinvestor #iraq

 

Mazhar Muhammad Salih: The urban renaissance continues thanks to the three-year budget. , 3 APRIL

 Mazhar Muhammad Salih: The urban renaissance continues thanks to the three-year budget. 

4/2/2025

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed that the financial and legal flexibility provided by the budget law (the three-year budget), in accordance with the amended Financial Management Law No. 6 of 2019, has enabled the executive authority to implement its government service program without interruption, which has contributed to achieving a continuous urban renaissance in all governorates of the country.

 Saleh explained to Al Furat News Agency that "the 2025 financial tables, which will soon be submitted to the House of Representatives in accordance with Article 77/Second of the Triennial Budget Law, will include some important adjustments in spending, revenue sources, and deficit management, especially after the House of Representatives approved, in early February, the amendment to Article 12 of the law, related to the mechanisms for calculating the extraction of Kurdistan Region oil in the areas of production and transportation." 

He pointed out that "the financial track is proceeding smoothly and with a high level of governance, transparency, and financial integrity, through coordination between the legislative and executive authorities."

From.. Raghad   LINK

REPORT FROM MR SALVAGE , 3 APRIL

REPORT FROM MR SALVAGE 

 The pentecostal group leader  Betzabe report  they are liquid , 

due of a leak she no longer going to do group invitations , 

she will deliver under strict conditions but great news they are liquid ..

ITS about the leader BETZABE CEBALLOS she is the only one has the green light ,from  THE FMI  approve from Switzerland, 

all projects will be funded by the pentescostal group in other words she will trigger THE GCR expecting a big surprise will shock the world this week .... 

pray this info is official.

GOLDILOCKS: Banks Preparing For New Currency Exchanges - ALL Test Completed @DINARREVALUATION #iraq

 

RAFIDAIN BANK GENERAL MANAGER: FINANCIAL TECHNOLOGY IS THE FUTURE OF THE BANKING SECTOR IN IRAQ, 3 April

 RAFIDAIN BANK GENERAL MANAGER: FINANCIAL TECHNOLOGY IS THE FUTURE OF THE BANKING SECTOR IN IRAQ

Rafidain Bank’s General Manager, Ali Al-Fatlawi, confirmed that the bank has witnessed a qualitative transformation in recent years, becoming a pillar of the modern Iraqi banking sector through adopting financial technology, enhancing banking inclusion, and adhering to international standards of integrity and compliance.

Al-Fatlawi said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News,” that the success was not merely the result of administrative decisions, but rather an integrated vision based on investing in human capital, building strategic partnerships, and upgrading banking services in accordance with the latest international standards.

Al-Fatlawi believes that no financial institution can achieve success and sustainability without qualified personnel possessing modern skills. Therefore, investing in the development of the bank’s employees was one of our main priorities. We allocated large budgets for training, sent our staff to educational programs inside and outside Iraq, and contracted with the American University in Baghdad to implement advanced programs in banking management, financial risks, and compliance.

The General Manager of Rafidain Bank added that enhancing financial integrity was a priority, and we adopted advanced systems to combat money laundering and terrorist financing, including the UN-supported GoAML system, and cooperated with the global company K2 to develop compliance systems. He indicated that these steps strengthened the confidence of international regulatory and banking authorities in the bank and contributed to improving our position in the financial market.

He pointed out that financial inclusion is not an option, but an economic necessity. Therefore, we launched a team specialized in developing banking initiatives and contributed to the settlement of electronic payment revenues for most government departments, which reduced reliance on cash. We also launched electronic payment services that facilitated the easy collection of dues for employees and retirees.

He announced the launch of the ATM service for the first time, and the introduction of a savings card as a new service to enable customers to invest their money intelligently. We are also in the process of issuing a credit card, which will facilitate financial transactions inside and outside Iraq, placing us among the ranks of digitally advanced banks.

The General Manager of Rafidain Bank pointed to the establishment of partnerships with global institutions such as Ernst & Young (EY) to develop banking governance, and with K2 Global to enhance financial compliance, noting that these partnerships have increased the efficiency of our operations and made us more compliant with international banking standards.

He explained that Rafidain Bank is at the beginning of a new, more advanced and influential phase in the Iraqi financial landscape, as we continue to launch digital services, enhance financial inclusion, and expand our international partnerships. He indicated that we aspire to make Rafidain Bank a model of banking leadership in Iraq and the region.