DINAR REVALUATION

Saturday, April 5, 2025

RV UPDATE: Back screen rate for dinars showed up as approximately $5 this morning at JPMorgan Chase

FRANK26: "THIS IS PART OF ASRAFLAK", 5 APRIL

KTFA

FRANK26: "THIS IS PART OF ASRAFLAK"........F26

ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings.

4/2/2025

ASYCUDA's representative in Iraq, Nizar Al-Ammari, confirmed that the customs automation system is currently implemented at 18 of the 21 ports, with difficulties in implementing it on the Syrian border despite the port's readiness. He noted that two additional ports (one sea and one land) will be operational by the 15th of this month, thus completing the automation of all Iraqi ports.

Al-Amari told Rudaw Media Network on Wednesday (April 2, 2025) that the ASYCUDA system focuses on the three basic customs operations: import, export, and transit, and includes all customs procedures from the moment goods are registered until they leave the customs port. All of these operations have become fully electronic, including payment.

He added that the system has entered its second phase, which includes automating the remaining ports and adding new applications to improve monitoring and maximize trade revenues. The third phase will include the implementation of a single window for foreign trade, which will make all foreign trade operations in Iraq fully automated, eliminating any paper transactions or cash payments.

Al-Amari emphasized that the new system will improve the accuracy of trade statistics in Iraq, helping to develop clear economic and strategic plans, a matter of utmost importance to the international community. He explained that the automation of customs will enhance trade fairness for all traders, as customs laws will be applied uniformly to all.

He pointed out that the system automatically calculates customs duties and regulates import and export permits, reducing the possibility of tampering with customs data. He emphasized that work is also underway to link the Iraqi system with those of neighboring countries, which will enable the identification of incoming goods before they arrive in Iraq, thereby limiting any attempts at manipulation or smuggling.

He stressed that the United Nations respects the sovereignty of states and regions, and that its role in Iraq is limited to providing technical and economic advice without political interference. He noted that the ASYCUDA system was agreed upon between the Iraqi federal government and the Kurdistan Regional Government.

Regarding the implementation of ASYCUDA in Kurdistan, Al-Amari pointed to three options: first, the Kurdistan Region would continue to use its current system or a different system with the possibility of linking it to ASYCUDA, provided it complies with international standards. Second, the Kurdistan Region would adopt the ASYCUDA system in full in the region through the Iraqi government, but this would be a complex option due to the linguistic and technical differences between the two systems.

The third option is to develop the ASYCUDA system in Kurdistan independently, linking it to the Iraqi system, as is the case in many countries that adopt unified systems with integration between local and international systems, he said.

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LINK

EXCERPTS FROM MARKZ, 5 APRIL

EXCERPTS FROM MARKZ

Member: I wonder where we are with the bondholders ?

MZ: Here is a big one for you. “ASYCUDA representative to Rudaw: Iraq has completed the automation of 18 border crossings” We were told they would secure their financial borders right before we went. They now have secure borders and I think this is an important piece.

MZ: “ APIKUR urges swift resumption of Kurdistan Region oil exports” they desperately want that il to start flowing and are waiting on the rest of the arrangements to be made.

Member: It’s always something over there….sigh

MZ: I am hearing they are (once again) very close. I am hearing they hope to sign everything on Sunday for oil to start flowing Monday morning.

Mayhem with Mel, Shakalaka BOOM Call: Australia Rates on the Dinar is $31.42, Dong is $22.33 #iqd

Government calls for an urgent meeting with relevant parties to resume negotiations on Kurdistan Region oil exports., 5 APRIL

Government calls for an urgent meeting with relevant parties to resume negotiations on Kurdistan Region oil exports.

4/4/2025 Baghdad /

The Ministry of Oil called for an urgent meeting with the concerned parties to resume negotiations on the export of oil from the Kurdistan Region.

The ministry said in an official statement on Friday, "We are working to ensure the proper implementation of the amendment to the budget law approved on February 2, 2025, so that exports can begin via the Iraq-Turkey pipeline as soon as possible."

It added, "The Iraqi government has taken concrete and serious steps to demonstrate its good faith in the negotiations and ensure the resumption of oil exports via the Iraq-Turkey pipeline." It noted Prime Minister Mohammed Shia al-Sudani's confirmation that selling oil through illegal frameworks outside the responsibility of SOMO and its sales mechanisms is an infringement on the rights of the Iraqi people. LINK

CLARE: "Iraq is the least affected. Trump's tariffs ignite global markets, and a price war is imminent., 5 APRIL

Clare

Article: "Iraq is the least affected. Trump's tariffs ignite global markets, and a price war is imminent."

Quote: "...Iraqi energy exports, including crude oil, are not included in these duties. Iraq currently exports between 7 and 8 million barrels of crude oil and its derivatives per month to the United States.

These exports constitute the backbone of Iraqi exports and have not been affected by the recent customs measures ...

economic expert Mustafa Hantoush believes that Iraq will be the least affected by the tariffs imposed by US President Donald Trump on the world."