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

 

APIKUR Calls for Swift Action to Resume Kurdistan Region Oil Exports Through Turkey, 8 APRIL

 APIKUR Calls for Swift Action to Resume Kurdistan Region Oil Exports Through Turkey

ERBIL (Kurdistan 24) – Col. Myles B. Caggins III, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR), emphasized on Monday the urgent need for agreement to resume oil exports from the Kurdistan Region via the Iraq-Turkey pipeline, which has been shut down since March 2023.

Speaking to Kurdistan 24, Caggins noted, “We are reporting our annual production numbers through quarterly shareholders’ meetings and earnings reports.”

However, he warned that current market conditions are unsustainable. “Oil produced in Iraqi Kurdistan is currently sold locally at around $30 per barrel—less than half the $65 to $70 per barrel it could earn on the international market,” Caggins explained. “Selling oil locally does not maximize revenue for our companies or contribute to Iraq’s overall economic prosperity.”

Before the halt in exports, the Kurdistan Region was sending over 400,000 barrels of oil daily through the Turkish port of Ceyhan. With the pipeline idle, local refineries are the only buyers, converting crude into domestic fuels like gasoline, diesel, and kerosene. While necessary, Caggins emphasized that local demand cannot replace the benefits of global sales.

Caggins said APIKUR member companies remain open to dialogue and are eager to restart exports. “We are ready to meet with both the Kurdistan Regional Government (KRG) and the federal government of Iraq,” he stated. “Several meetings have already taken place, and we welcome the Ministry of Oil’s call for another.”

He stressed that future exports must be backed by clear, enforceable agreements. “We need clarity on how we will be paid. These are complex financial transactions, but not new to the federal government, which has long managed similar arrangements in federal Iraq.”

One ongoing challenge is the appointment of an international consultant to assess production and transportation costs, as stipulated in Article 12 of Iraq’s budget amendment. “APIKUR member companies must be involved in reviewing and approving the consultant’s scope of work,” Caggins noted. “This is a basic expectation for any business subject to an external financial evaluation.”

He also reiterated the need for equal treatment of companies operating in the Kurdistan Region. “Our contracts with the KRG are legal, recognized by London courts of arbitration, and have been upheld by Iraqi courts,” Caggins said. “These agreements must be respected, and production-sharing terms clearly defined.”

Caggins praised efforts by both Kurdistan Region Prime Minister Masrour Barzani and Iraqi Prime Minister Mohammed Shia’ al-Sudani to resolve the issue. “Prime Minister Barzani has actively engaged leaders in Baghdad, Ankara, and Washington. It’s clear that reopening the pipeline is a top economic priority,” he said.

Despite official Iraqi statements indicating that exports would resume imminently, no oil has yet flowed through the pipeline. “For us, written agreements must come first. We cannot risk sending oil without knowing when and how we’ll be paid,” Caggins said.

APIKUR continues to push for constructive dialogue and meaningful outcomes. “We’ve made our position clear: Our companies are ready. It’s time for action,” he concluded.

MILITIAMAN : Merger between Iraq and Rashid and Rafidain Bank, Investment Fund, Gateway to Development, 8 APRIL

 MILITIAMAN : Merger between Iraq and Rashid and Rafidain Bank, Investment Fund, Gateway to Development

Highlights

Summary

In this video, the speaker provides an insightful analysis of recent developments in Iraq’s economy, particularly in light of new U.S. policies affecting international trade. The focus shifts towards Iraq’s strategic initiatives for economic reform and the eventual shift towards a more diverse economic structure away from oil dependency.

 The speaker emphasizes the importance of radical reforms proposed by influential economic advisers, highlighting a new world economic order that sees Iraq seeking to strengthen its partnerships with U.S. commerce while promoting digital transformation within its banking system. 

The agenda includes efforts to bring vast amounts of currency held outside the formal banking system back into Iraq’s economy, enhance financial literacy among its citizens, and execute public-private partnerships. 

The intertwined focus on agriculture, technology, and banking reforms indicates a substantial shift towards a diverse and sustainable economic model that the speaker believes is crucial for Iraq’s growth.

• 📉 U.S. Trade Policies: The United States has enacted measures that are expected to profoundly impact international trade and the global economy, leading to increased tariffs that influence Iraq.
• 🌐 New Economic System: Emphasis on a developing new world economic order, with America, China, and other players enhancing cooperative ties along the Silk Road for shared economic growth.
• 🇮🇶 Radical Economic Reforms: Advisers in Iraq propose comprehensive reforms aimed at reducing oil dependency, improving agricultural and industrial sectors, and enhancing consumer protections.
• 🔄 Digital Transformation: The Central Bank of Iraq is prioritizing digital banking innovations, including e-commerce and payment systems, to integrate wealth into the banking sector and improve financial stability.
• 💰 Investment Encouragement: Discussions around introducing investment funds to attract wealth held outside formal banking systems are anticipated to strengthen Iraq’s economy and support development projects.
• 🤝 U.S.-Iraq Relations: A high-level trade delegation from the U.S. is expected to discuss economic cooperation, showcasing increased American interest and confidence in Iraq’s investment landscape.
• 👥 Public-Private Partnerships: Plans to merge state banks and enhance collaboration between government and private sectors indicate an ongoing shift to a more modern, competitive economy.

Key Insights

• 📊 Radical Reform Necessity: The call for comprehensive economic reform by advisers underscores the urgency to shift away from oil dependency. Emphasizing the importance of local resources and fostering private-sector growth suggests an acknowledgment that a singular reliance on oil is unsustainable. This pivot could lead Iraq to adopt strategies fostering industrial diversity, thus enabling a more stable economic infrastructure.

• 🌍  Silk Road and Global Integration: The anticipated role of Iraq in the broader Silk Road initiative reveals its strategic geographic location, implying that its participation is not just about regional benefits but global economic interconnectivity. This perspective shifts Iraq from being a passive player to an active contributor to the international trade ecosystem.

• 📈 Investment Fund Potential: With vast amounts of money stored outside the banking system, the proposal to create investment funds is a strategic approach to mobilize these resources. Efficiently channeling these funds into developmental sectors—such as infrastructure and technology—would amplify economic growth and address issues of wealth concentration and stagnation.

• 💡 Digital Banking Evolution: The focus on implementing advanced technological solutions within the banking system highlights Iraq’s commitment to integrating modernization in financial practices. Digital currencies and payment systems not only aim to enhance operational efficiency but also strive to establish transparency and trust within the monetary framework, combating historical tendencies of currency hoarding.

• 📉 Tariff Implications on Iraq: Sudani’s response to the U.S. customs tariff increase indicates an acute awareness of interdependence in trade relationships. This situation underscores the necessity for Iraq to refine its policies and negotiation tactics to foster balanced trade exchanges that protect its economic interests against sudden shifts in U.S. policy.

• 🔑 Public-Private Cooperation Framework: The contemplated merger of major banks aligns with global banking trends aimed at increasing efficiencies, improving credit ratings, and fostering investment attractiveness. The government’s ongoing collaboration with international consulting firms assures that strategic reforms are being operated within globally accepted standards.

• 👩‍🎓 Financial Literacy Initiatives: Iraq’s initiatives to better educate its citizens about financial systems, including currency value and banking practices, represent an ideological commitment to enhancing economic participation. Educating younger populations, who have minimal experience with currencies, is vital for creating a financially savvy citizenry that can navigate the evolving economic landscape effectively.

Conclusion

The video presents a multi-faceted overview of Iraq’s current economic landscape, highlighting ongoing reforms and external influences that shape its trajectory. The insights and highlights extracted from the discussion reveal a nation poised for significant transformation. By implementing radical reforms, enhancing digital infrastructure, and actively engaging international partners, Iraq stands at the crossroads of potentially remarkable economic development. The government’s focus on integrating currency held outside of the banking system and targeting investment opportunities indicates a strategic path toward stability, growth, and sustainability. As the landscape evolves, continued discourse and careful execution of these strategies will be crucial to Iraq’s integration into the global economy.

REPORT FROM MR SALVAGE The pentecostal group leader Betzabe report they are liquid !#iqd

 

Al-Sudani opens the conference to reform the Iraqi banking sector, 8 APRIL

 Al-Sudani opens the conference to reform the Iraqi banking sector

Baghdad – Mil

The Prime Minister, Mohammed Shia Al-Sudani, opened on Monday the conference to reform the Iraqi banking sector.

The Prime Minister’s Information Office said in a brief statement to Mel that “Prime Minister, Mohammed Shia Al-Sudani, opened the Iraqi banking sector reform conference.”

https://miliq.news/political/44566–.html

TNT UPDATE ( ENGLISH & SPANISH), 8 APRIL

TNT UPDATE

A person, as I told you on Wednesday, will not receive money until Monday or Tuesday. His bank already told him because they already knew and told me that they will pay him all the money in full.

Alright guys, the window just opened a lot more. They are telling me that. (Tony received a message while he was speaking on the show)

Now he's like, "Hey, we're going to try to do it tonight. In fact, we're going to try to do it this afternoon." From one day to the next, now they can, but they had a window for tomorrow. That window has been moved to this afternoon. 

We know that all countries already have the money. The money has already been given to everyone. We know the banks have it because we got that information from the three-letter agencies and the money is in the banks. 

Trump announced these tariffs and wanted to see what it did to the global economy or the banking system, but today it's the reaction. 

Now we have to wait for the reaction....

--_--

We will wait to see if "the window" opens this afternoon as you were informed or tomorrow or Monday.

I'll be watching...

There are many people waiting for the liquidity ok of their private transactions at this very moment. Many expectations 😉😊👍😍

Have a good afternoon - night

Blessings 🙏 

TRANSLATION IN SPANISH

TNT UPDATE

Una persona como les conté el Miércoles, no recibirá dinero hasta el Lunes o el Martes. Su banco ya se lo dijo porque ya lo sabían y me dijo que le pagarán todo el dinero completo.

Muy bien, chicos, la ventana se acaba de abrir mucho más. Me están diciendo eso. (Tony recibió un mensaje mientras estaba hablando en el programa)

Ahora dice, "oye, vamos a intentar hacerlo esta noche. De hecho, vamos a intentar hacerlo esta tarde". De un día para otro, ahora si pueden, pero tenían una ventana para mañana. Esa ventana se ha movido a esta tarde. 

Sabemos que todos los países ya tienen el dinero. Ya se les ha entregado el dinero a todos. Sabemos que los bancos lo tienen porque obtuvimos esa información de las agencias de tres letras y el dinero está en los bancos. 

Trump anunció estos aranceles y quería ver qué le hacía a la economía global o al sistema bancario, pero hoy es la reacción. 

Ahora tenemos que esperar la reacción....

--_--

Vamos a esperar para ver si "la ventana" se abre esta tarde como le informaron o mañana o el Lunes.

Estaré pendiente...

Hay muchas personas esperando el ok de  liquidez de sus transacciones privadas en este mismo momento. Muchas expectativas 😉😊👍😍

Que pasen buenas tardes - noches

Bendiciones 🙏

FIREFLY: WHEN THE COM IS FINISHED, ALAQ WILL GIVE US THE RATE!! @DINARREVALUATION #iraqidinar