🚨IQD RV: 💥SUDANI FIRES GOVERNOR OF CBI AND TRADE BANK OF IRAQ AS IQD DEPRECIATES AGAINST USD, 13 APRIL

 IQD RV

SUDANI FIRES GOVERNOR OF CBI AND TRADE BANK OF IRAQ AS IQD DEPRECIATES AGAINST USD ERBIL (Kurdistan 24) – Iraqi Prime Minister Mohammad Shia’ Al-Sudani on Monday sacked the country’ Governor of the Central Bank and head of Trade Bank of Iraq (TBI) amid ongoing depreciation of the Iraqi dinar, state media reported. Al-Sudani replaced Mustafa Ghalib, the current CBI chief with Ali Mohsen Al-Alaq, who presided over the key institution for seven years. Salem Chalabi of the TBI, chairing the bank since 2020, was “retired”, the state media reported.  Bilal Hamdani has been tasked to manage the bank, it added. The decision comes as the Iraqi currency has been depreciating since November against the U.S. dollar, as measures have been tightened on international dollar transfers. Although the official exchange rate has been fixed at 1,470 dinars against the US dollar, the local currency was trading up to 1,600 to the greenback on local markets. The instability in the value of the exchange rate has caused a public outcry, fearing the volatility will drive prices of commodities up,  in an economy heavily dependent on imports. However, economists argue the currency depreciation is due to the tightening measures on international transfers, some accuse Washington, particularly those backed by Iran, to have played a role in the roller coaster.

MNT GOAT: THE FINISH LINE IS NEAR!! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

FRANK26: "EDDIE'S REPORT", 13 APRIL

 KTFA

FRANK26: "EDDIE'S REPORT"......F26

Al-Zuhairi: More than 21 new economic items will soon see the light of day.

4/10/2025

 

- Baghdad
 

Abdul Razzaq Al-Zuhairi, head of the Federation of Iraqi Chambers of Commerce, confirmed on Thursday that Iraq is making steady progress toward a promising investment environment. He noted that the government is serious about enacting a package of laws to strengthen the national economy, and noted that 21 new economic provisions will soon be enacted.

Al-Zuhairi said in a statement reported by the official news agency, and reviewed by Al-Eqtisad News, that "the union's work is broad and diverse, and it has become clear over the past three or four years that Iraq is living in a changing economic world that requires legislation and regulations that keep pace with global developments." He pointed out that "the current government is serious about enacting a package of new laws that contribute to strengthening the national economy."

He explained that "these laws, particularly those related to customs, taxes, and joining global platforms, in addition to granting sovereign guarantees, have greatly contributed to attracting the world's attention to the Iraqi market." He pointed out that "Iraq signed a memorandum of understanding with the International Chamber of Commerce in Paris regarding international arbitration, along with cooperation agreements with most European countries, which reflects Iraq's seriousness in opening up to the international community."

He added that "there are more than 21 new economic provisions scheduled to see the light of day soon, coinciding with field visits and extensive meetings with Prime Minister Mohammed Shia al-Sudani and active participation in international and Arab forums, which sent a clear message that Iraq has become an attractive environment for investment and is actually on the path to development."

Al-Zuhairi pointed to "the involvement of countries such as the UAE, Qatar, and Turkey in development projects within Iraq," considering this "clear evidence of the international community's confidence in Iraq's new reality."

He noted that "the current government differs from its predecessors in its approach to the private sector, providing it with unprecedented support and beginning to recognize the importance of its pivotal role in developing the national economy." 

LINK

SANDY INGRAM : Basis for political changes in Iraq, 13 APRIL

 SANDY INGRAM : Basis for political changes in Iraq

Highlights

Summary

In a significant political development, former Iraqi Prime Minister Mustafa Al-Chadmi has re-emerged, potentially marking a pivotal moment in Iraq’s complex political landscape.

 Despite his ousting in October 2022, just after having helped avert economic collapse amidst the global health crisis, Al-Chadmi’s return indicates a desire for Iraq to stabilize itself amid rising regional instability.

 In a recent interview, he articulated his reflections during his period away from politics, emphasizing the importance of rational discourse as a fundamental component for Iraq’s future. 

Al-Chadmi underscored two main conditions for his re-entry into the political arena: a credible electoral process free from manipulation, and a collective sense of national responsibility among political factions to prioritize Iraq’s stability over partisan interests. 

His position on foreign policy advocates for maintaining a relationship with the U.S. while opting for a neutral role between the escalating tensions between the U.S. and Iran, seeking to present Iraq as a mediator rather than a battleground. 

Furthermore, Al-Chadmi’s re-entry could disrupt the current political dynamics, given that he may attract moderate voters and has the potential to bridge Iraq’s deeply fractured political landscape. However, it also risks escalating tensions with factions aligned with Iran that may perceive him as too Western-friendly. The next few months will be crucial in determining whether his return will lead to political reform or further polarization within Iraq’s already fragile political system.

• 🌍 Mustafa Al-Chadmi’s return suggests a new chapter for Iraqi politics amid increasing regional instability.
• 💬 Al-Chadmi emphasizes the importance of rational discourse for Iraq’s future stability.
• 🗳️ Two main conditions for political participation: credible elections and prioritizing national responsibility.
• 🇺🇸 Al-Chadmi defends Iraq’s partnership with the U.S. as essential for institutional progress.
• 🤝 He advocates for Iraq’s role as a mediator between the U.S. and Iran, instead of a battleground.
• ✊ His potential political comeback may resonate with moderate voters disillusioned by years of dysfunction.
• ⚠️ His return differs from current factions, possibly provoking stronger opposition from Iran-aligned groups.

Key Insights

• 🌐 Regional Dynamics and Political Landscape: Al-Chadmi’s return comes at a time of heightened uncertainty in the Middle East. His acknowledgment of the regional instability reflects an understanding of the complex interplay between Iraq and its neighbors, particularly Iran and U.S. interests. Iraq’s ability to position itself as a stabilizer could alter the political equilibrium across the region, fostering either cooperative initiatives or further division.

• 🔄 Reflection and Preparation: During his time away from politics, Al-Chadmi dedicated himself to deep reflection and strategy formulation. This preparation could give him a tactical advantage in navigating the political landscape, as he likely possesses updated and refined insights into Iraq’s socio-political challenges. Such an approach indicates a shift from reactive to proactive governance.

• 🗳️ The Call for Credible Elections: Al-Chadmi’s insistence on transparency in the electoral process underscores a critical challenge facing Iraq since 2003. Historically, electoral manipulations have diminished public trust and exacerbated political violence. Addressing this issue may provide a pathway for more legitimate governance, essential for Iraq’s long-term recovery.

• 🤝 Bipartisan National Responsibility: His emphasis on national unity over partisanship raises questions about Iraq’s longstanding sectarian divides. Promoting a collective sense of responsibility could potentially mobilize a broader base of support, establishing him as a centrist figure capable of extending peace and cooperation among divided segments of society.

• ✈️ U.S.-Iraq Relations and Regional Role: Al-Chadmi’s defense of relations with the U.S. reflects a pragmatic approach to foreign policy. His commitment to leverage U.S. partnerships suggests a desire to strengthen Iraq’s institutional framework while navigating regional pressures. Balancing U.S. relations with neutrality towards Iran positions Iraq optimally to serve as an intermediary in regional conflicts.

• ✨ Potential for Political Reform: If successful in re-establishing himself as a political player, Al-Chadmi could trigger significant reforms in governance. His propositions aimed at fostering dialogue and bridging divides may resonate with voters yearning for change. A focused reform agenda led by someone with prior experience could initiate a transformative movement within Iraqi politics.

• 🔥 Risks of Polarization and Opposition: Al-Chadmi’s return carries risks, particularly regarding potential backlash from Iran-aligned factions dissatisfied with his policies. Political polarization might intensify as these factions consolidate against a perceived Western influence in Iraq’s governance. The challenge will be navigating these tensions while promoting a message of reconciliation and reform crucial for Iraq’s political stability.

The upcoming months will be critical as Iraq’s political players respond to Al-Chadmi’s actions and the evolving geopolitical landscape. His capacity to unify factions, foster a constructive political environment, and advocate for significant reforms could either reshape Iraq’s trajectory or exacerbate existing tensions within its fractured political system. Ultimately, the determination lies within the response of Iraq’s diverse political actors and the will of its citizens to demand a stable, equitable governance framework.

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

 

FRANK26: "TALK TO THE HAND... AND DON'T TALK TO ME ABOUT OIL UNTIL YOU TALK TO ME ABOUT A NEW EXCHANGE RATE", 13 APRIL

KTFA

FRANK26: "TALK TO THE HAND... AND DON'T TALK TO ME ABOUT OIL UNTIL YOU TALK TO ME ABOUT A NEW EXCHANGE RATE"......F26

 

Erbil and Washington agree on the need to resume the region's oil exports.

4/11/2025

 

Kurdistan Regional Government Prime Minister Masrour Barzani discussed the latest developments in the region in a phone call with US Secretary of State Marco Rubio, stressing the importance of strengthening bilateral relations.

 

During the phone call, the two sides agreed, according to a statement from the Kurdistan Regional Government, on the importance of strengthening and consolidating the bonds of friendship and alliance between the Kurdistan Region and the United States.
In another part of the phone call, the Prime Minister and the US Secretary of State agreed on the necessity and importance of resuming the export of Kurdistan Region oil through the Iraq-Turkey pipeline, according to the statement.
For his part, the US Secretary of State expressed the United States' deep appreciation for the role played by the Kurdistan Region as a safe haven for all ethnic and religious components, praising its essential contribution to maintaining the stability and security of the region.

The two sides also agreed on the importance of maintaining consultation and coordination between them, to preserve common interests.

LINK

 

TIDBIT FROM CLARE, 13 APRIL

 Clare 

 Article: "Al-Sudani announces a 128% increase in customs revenues and a 22% increase in tax revenues." 

 Quote: "Iraqi Prime Minister Mohammed Shia al-Sudani announced on Monday that customs revenues increased by about 128% and tax revenues by about 22%, higher than previous years."

Article:  " Tump may 'destroy' the Iraqi budget by seeking to 'crash' oil prices" 

 Quote:  "US President Donald Trump is seeking to lower oil prices to the lowest possible level in order to support his country's industrial establishment.

 He is doing so by imposing tariffs on oil-producing countries and then having them negotiate with him to rebalance the trade balance in his country's favor...Iraq's budget relies on oil for approximately 90% of its revenue. If oil prices decline, the Iraqi government will be in a difficult position..."