Saturday, April 12, 2025
FRANK26: "THE 2 ARE STILL MISSING 2 MONTHS LATER", 12 APRIL
Issue No. (4821) of the Iraqi Gazette was published on 4/7/2025
- 2025-04-10 11:11:00
- Republican Decree No. (14) of 2025 “Mr. Ayman Salah Hamoud Muhammad Al-Jaghfi is appointed as a member of the House of Representatives for the fifth electoral term.”
- Decisions issued by the Federal Supreme Court:
- (12/Federal/2025) on 2/18/2025.
- (34/Federal/2025) on 3/4/2025.
- Decisions to cancel the establishment:
- Iraqi Oil Services Company/one of the formations of the Ministry of Oil.
- Crude Oil Pipelines Company/one of the formations of the Ministry of Oil.
Gas Pipelines Company/one of the formations of the Ministry of Oil.
To download the issue, click here.
Highlights: THE CURRENT STATE OF THE IRAQ DINAR, THE OIL MARKET AND CRYPTOCURRENCY INVESTMENT OPPORTUNITIES, 12 APRIL
Highlights: THE CURRENT STATE OF THE IRAQ DINAR, THE OIL MARKET AND CRYPTOCURRENCY INVESTMENT OPPORTUNITIES
Summary
The discussion begins with the lack of progress in opening the Kurdish Turkish pipeline, which the U.S. is pressing the Iraqi government to resume. Tensions arise as the Iraqi government reportedly fails to uphold contract agreements with American companies, particularly concerning oil.
Despite these challenges, the speaker notes that U.S. officials continue to advocate for investment in Iraq. Additionally, attention is drawn to the introduction of Iraq’s digital currency which, along with global oil prices, reflects the nation’s economic potential.
The central bank is planning to amend renewable energy regulations, highlighting a shift towards investing in sustainable energy. The black market exchange rate for the Iraqi Dinar is also discussed, illustrating ongoing economic challenges.
- 🚨 The Kurdish Turkish pipeline remains closed amid U.S. pressure on Iraq to resume operations.
- 📉 The Iraqi government is reportedly not honoring contracts with U.S. companies, leading to tensions in business relations.
- 💡 U.S. officials emphasize Iraq’s “virgin land” potential for various sector investments.
- 🔍 Iraq is set to launch its digital currency with widespread interest from the crypto community.
- 💰 Current black market rate for the Iraqi Dinar highlights ongoing economic volatility.
- 📈 A new decentralized exchange is set to launch soon, presenting a lucrative investment opportunity in crypto.
Key Insights
🌍 Iraq’s Economic Landscape: The current economic conditions in Iraq reflect a complex intersection of opportunities and challenges. The U.S. is actively encouraging business investments, yet the Iraqi government’s reluctance to honor contracts may deter foreign investment. As this relationship evolves, the emphasis on Iraq as an untapped market could either solidify or deteriorate, depending on the government’s adherence to international agreements and business practices.
📊 Oil Market Dynamics: The speaker notes Brent crude oil pricing around $63 and WTI at $60, indicating a stable yet challenging oil market. The price levels suggest that while there’s a demand for oil, geopolitical influences and domestic policies significantly impact Iraq’s ability to capitalize on oil revenue. This landscape warrants close scrutiny for investors looking to understand the broader economic implications.
💱 Digital Currency Developments: As Iraq prepares to launch its digital currency, the implications for economic modernization and integration into the global economy could be profound. Digital currencies often attract investor attention, creating potential for significant returns; yet, this brings its own set of risks and regulatory hurdles that Iraqi authorities will need to navigate effectively.
🌱 Renewable Energy Initiatives: The amendment of regulations by the Central Bank of Iraq regarding renewable energy signifies a critical step toward sustainable development. As energy needs evolve globally, Iraq’s commitment to renewable sources may attract international partnerships and funding, presenting long-term benefits for the nation’s economic prospects.
💹 Cryptocurrency Investment Strategy: The outlined returns paint a picture of viable and lucrative opportunities in the crypto space. Investors should approach this arena with careful consideration of risk factors but remain open to its possibilities, particularly as market dynamics shift.
🔍 Black Market Exchange Rates: The mention of the black market exchange rate sheds light on Iraq’s ongoing economic challenges, including inflation and currency stabilization efforts. Understanding these factors is crucial for investors; fluctuations in the Dinar can indicate broader economic health and influence investment strategies significantly.
FRANK26: "WE WANT TO DROP LEAFLETS OF PEACE NOT BOMBS", 12 April
KTFA
FRANK26: "WE WANT TO DROP LEAFLETS OF PEACE NOT BOMBS"..........F26
US Defense Secretary threatens Iran with B-2 bomber message
4/10/2025
US Defense Secretary Pete Hegseth said on Thursday that Iran is the one who decides whether the recent US move to deploy B-2 bombers to Diego Garcia in the Indian Ocean is a message to Tehran, expressing his hope that US-Iranian negotiations over Tehran's nuclear program will lead to a peaceful solution.
US officials told Reuters that Washington had moved up to six B-2 bombers in March to a US-British military base on Diego Garcia, amid a US bombing campaign in Yemen and escalating tensions with Iran.
The B-2 is a rare military asset, with only 20 of these aircraft in the US Air Force. It is distinguished by its ability to evade radar and carry heavy bombs and nuclear weapons.
When Hegseth was asked whether the deployment of the bombers was intended to send a message to Iran, he said: "We'll let them decide. It's a great asset. It sends a message to everyone."
During his visit to Panama, he added, "President Trump has been clear: Iran must not have a nuclear bomb. We very much hope that the president will focus on achieving this peacefully."
US President Donald Trump unexpectedly announced on Monday that the United States and Iran would hold direct talks on Iran's nuclear program next Saturday, warning that Iran would be in "great danger" if the talks failed.
LINK
Dr. Shabibi answering IRAQ revaluation and redenomination questions, 12 APRIL
Dr. Shabibi answering IRAQ revaluation and redenomination questions
Date: Abril 19, 2011
Location: US Chamber of Commerce Washington, DC
Former Central Bank of Iraq Governor Sinan Al-Shabibi addresses two key topics related to the Iraqi currency. First, he explains that any decision to revalue the Iraqi dinar depends largely on maintaining price stability and controlling inflation.
While other factors—such as trade, the balance of payments, and overall economic development—also play a role, stabilizing inflation remains the Bank’s top priority before considering an exchange rate adjustment.
Second, Shabibi discusses plans to remove three zeros from the currency (often called “redenomination”).
He emphasizes that this move is not intended to devalue or weaken the currency, but rather to simplify financial transactions, calculations, and record-keeping.
This step, he notes, must be accompanied by public education, careful planning, and coordination with various government agencies, including security forces.
Ultimately, the goal is to streamline the currency system in a more stable economic environment.
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