Saturday, April 12, 2025
FRANK26: "1310 IS NOT COMPREHENSIVE... IT'S A CRIME", 12 APRIL
KTFA
FRANK26: "1310 IS NOT COMPREHENSIVE... IT'S A CRIME"......F26
Rafidain: Activating the comprehensive banking system in 57 branches
4/10/2025
Baghdad /
Rafidain Bank announced the implementation of the comprehensive banking system in its Bab Al-Muadham and Oil Products Distribution Authority branches in Baghdad, as part of its digital transformation plan.
Rafidain Bank announced the implementation of the comprehensive banking system in its Bab Al-Muadham and Oil Products Distribution Authority branches in Baghdad, as part of its digital transformation plan.
The bank explained that: "Thanks to this achievement, 57 branches are now connected to the electronic system."
He added: "This step aims to provide smooth and fast banking services, ensuring a distinctive and modern banking experience in line with the latest international standards."
MAJEED: Gazette release!!!, 12 APRIL
MAJEED
Ladies and gentlemen
The show about to begin
Gazette release!!
SUPREME COURT MANDATES SALARIES:
ALLOWS BUDGET TO BE RELEASED WITHOUT BARRIERS
RATIFICATION COMPLETE
ACTIVATION IMMINENT!!!
---
IQD RV
GAZETTE PUBLICATION
SUPREME COURT MANDATES SALARIES:
ALLOWS BUDGET TO BE RELEASED WITHOUT BARRIERS
RATIFICATION COMPLETE
ACTIVATION IMMINENT
The ruling ensures that salary payments to KRI employees are now mandated to continue without interruption, which removes a significant barrier to finalizing the 2025 budget.
Given the urgency of the ruling and the progress on salary payments noted in late March, it’s highly probable that the 2025 budget was ratified by late March or early April 2025—potentially around March 25 to April 5, 2025.
Given that we’re already at April 10, 2025, and assuming ratification occurred around late March (e.g., March 25–31), the RV/RI activation is likely imminent—potentially between mid-April 2025 (e.g., April 15–30) and late May 2025 (e.g., May 15–31). If ratification occurred in early April (e.g., April 1–5), the window might extend slightly into early June 2025, but the earlier end of the spectrum (April to May) seems more probable given the momentum from the court’s decision and other reforms.
Ruling Decision
Upon scrutiny and deliberation by the Federal Supreme Court, it was found that the plaintiff, the President of the Republic, in addition to his duties, requested the following from this court:
First: To issue an urgent judicial order obligating the Federal Ministry of Finance to pay the salaries of all categories of employees of the Kurdistan Region for all previous and subsequent months.
Second: To oblige the Federal Ministry of Finance to pay the salaries of employees of the Kurdistan Region continuously, without interruption or delay, under any pretext related to the settlement of salaries or technical and administrative issues such as the trial balance or other technical and supervisory procedures.
Third: To implement the salary settlement process in accordance with the settlement instructions issued by the Central Bank of Iraq which include dealing with government and private banks in line with the procedures followed in the federal government, and that this process be implemented in coordination with the Federal Ministry of Finance and the Ministry of Finance and Economy in the Kurdistan Regional Government, and to grant employees the freedom to choose the bank they prefer to settle their salaries, in accordance with the regulations in force in the region.
Fourth: Obligating the Council of Representatives to amend Article 12, Paragraph (c) of the Federal General Budget Law for the year 2023, so that the regional government can implement its pledges stipulated in the aforementioned clause to ensure the region’s participation in financing the state’s general treasury with its oil revenues, in a way that achieves justice and transparency in implementing the items of the federal general budget.
FRANK26: "THE 2 ARE STILL MISSING 2 MONTHS LATER", 12 APRIL
KTFA
FRANK26: "THE 2 ARE STILL MISSING 2 MONTHS LATER"....F26
Issue No. (4821) of the Iraqi Gazette was published on 4/7/2025
- 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,
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.
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