Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja, 18 APRIL

  Nechirvan Barzani calls on Al-Sudani to activate the Article 140 Committee and thanks him for his efforts regarding Halabja

Kurdistan Region President Nechirvan Barzani called on Prime Minister Mohammed Shia al-Sudani on Wednesday to activate Article 140 of the Constitution regarding the disputed areas between Erbil and Baghdad, while praising his role in establishing Halabja Governorate.

In a speech delivered at the ninth Sulaymaniyah Forum, Nechirvan Barzani said, "In the Kurdistan Region, regarding our relations with the federal government in Baghdad, we affirm our unwavering commitment to the Iraqi constitution as a framework for regulating this relationship. We believe that the constitution, with its principles of federalism, pluralism, and partnership, is the true guarantor of the rights of all components of Iraq without discrimination."

He added, "The recent period has witnessed remarkable progress in resolving the issues between Erbil and Baghdad, thanks to the commendable efforts of Prime Minister Mohammed Shia al-Sudani, which deserve our appreciation." He added, "Al-Sudani's vision of strengthening commonalities and reducing differences is the correct vision for a solution, and I emphasize here the urgent implementation of the property restitution law and the activation of the committee to implement Article 140 of the Iraqi Constitution."

Nechirvan Barzani stressed that "we will continue constructive dialogue with the federal government to reach permanent solutions to all problems in a way that serves the interests of Iraq, with all its components , and guarantees and secures the constitutional rights and entitlements of all."

He stressed that "the Kurdistan Parliament must be activated in light of the current circumstances and challenges in the region. Therefore, the primary task of the Kurdistan Democratic Party, the Patriotic Union of Kurdistan, and the winning parties in the Kurdistan Parliament elections is to expedite the formation of the new government cabinet for the Kurdistan Region, and for it to be a government that responds to the aspirations of the citizens and is capable of dealing appropriately with developments and challenges."  link

🚨IQD RV🚨: IRAQ FINANCE COMMITTEE: BUDGET AT RISK WITHOUT OIL PRICE REVISION !!, 18 APRIL

IQD RV

IRAQ FINANCE COMMITTEE: BUDGET

AT RISK WITHOUT OIL PRICE REVISION 

Iraq may face revenue shortfalls if budget assumptions are not adjusted

potential financial instability if the government fails to revise the projected oil price in the federal budget

“It is still unclear whether the government has adjusted the oil price assumption in the budget.” Shafaq News/ On Wednesday, Iraq’s parliamentary finance committee warned of potential financial instability if the government fails to revise the projected oil price in the federal budget amid falling global crude prices. Committee member Jamal Kocher told Shafaq News that the 2023–2025 budget law set the oil price at $70 per barrel, while global prices at the time exceeded that figure, noting, “It is still unclear whether the government has adjusted the oil price assumption in the budget.” “Iraq’s operational budget amounts to 90 trillion dinars (around $68.7 billion) and if oil prices drop below $60 per barrel without corrective action, the country could face a financial crisis,” he pointed out. Regarding the status of the 2025 budget tables, Kocher said they are still pending in the Council of Ministers and no date has been set for submitting them to parliament. Earlier, Prime Minister Mohammed Shia al-Sudani’s economic adviser, Mudhhir Mohammed Salih, told Shafaq News that the delay stems from revisions involving extraction and transportation costs for oil from the Kurdistan Region. Iraq’s economy is heavily dependent on oil exports, with petroleum revenues accounting for over 90% of the federal budget. In 2023, Iraq passed an unprecedented three-year budget (2023–2025) based on an average oil price of $70 per barrel and a daily export target of 3.5 million barrels. However, global oil prices have dropped significantly in early 2025, raising concerns that Iraq may face revenue shortfalls if budget assumptions are not adjusted.

1:55 PM · Apr 16, 2025

💥 BANK SCREENS LIGHT UP WITH FINAL RATES! 💥💰 IQD: $8.73 , 💰 VND: $5.12 ‪@DINARREVALUATION‬

 

Reconstruction: World Bank financing of projects will create jobs and support the private sector, 18 APRIL

 Reconstruction: World Bank financing of projects will create jobs and support the private sector

The Ministry of Construction and Housing confirmed on Thursday that the World Bank's facilities will contribute to improving public services in remote and deprived areas, while explaining that the World Bank's financing of projects will create job opportunities and support the private sector.

“The World Bank’s provision of project financing facilities will contribute to expanding the scope of reconstruction with infrastructure services, such as the construction and rehabilitation of water purification plants and sewage treatment plants, as well as road projects, especially in areas that have not been previously implemented and that need these services,” said ministry spokesman Nabil Al-Saffar in an interview followed by “Al-Eqtisad News.” He pointed out that “they contribute to improving public services, especially in remote and deprived areas or those affected by wars and terrorist operations.”

He added, "These projects contribute to creating job opportunities and supporting the private sector by providing financing and supporting economic reforms in the country." He noted that "an agreement was previously concluded between the Iraqi government and the World Bank for Reconstruction and Development in 2015 to reconstruct areas affected by terrorist operations."

He explained that, "according to this agreement, 20 projects were completed, distributed among 20 districts and sub-districts within three governorates (Salah al-Din, Diyala, and Anbar), including the rehabilitation of water and sewage stations, with the number of beneficiaries reaching approximately 3 million people, in addition to a number of projects to equip specialized equipment for the municipal, water, and sewage sectors."  link

STATUS OF TIER 4B GROUP RV APPOINTMENTS, 18 APRIL

 Tier4b didn’t go today because three states Maryland, California, Mass and some Asian countries had banks that didn’t want to comply and get into the QFS system.

 If the banks don’t comply by tomorrow they will be sold.

Today President Trump had a closed meeting with Tier 1 Banks at Mar a Largo. 

He told them the Iraqi Dinar has revalued in Iraq at an international rate at a little over $6. It will trade up, plus have a Contract Rate. The banks are ready for us.

 The Dinar went live today and will be exchanged within 48 hours.

There are 5 crypto coins that are gold backed.

Tier4b (us, the Internet Group) could get notified tomorrow or Thursday.

DOGE payments will also start this week.

The R&R will be in accounts at the Redemption Centers.

MIKE BARA: "WE'VE GOT THE GREEN LIGHT" @DINARREVALUATION

Iraqi government banks suspend loans and advances

 Iraqi government banks suspend loans and advances

An informed source stated on Thursday that some government banks, including Rafidain Bank, have suspended granting loans and financial advances to citizens.

The source told Shafaq News Agency, "Some government banks, particularly Rafidain Bank, have stopped granting loans and advances so far, despite the passage of five months of the current fiscal year. Others have issued loans and advances, but on a very limited basis."

He added, "The main reason behind banks' failure to perform their credit role, including granting loans and advances, is the lack of financial allocations."

The source also pointed out that "many citizens have called on Parliament, the Finance Committee, and the government to intervene to release loans, advances, construction loans, and home purchase loans. "

Both Rafidain and Rashid Banks provided loans and advances to employees and citizens for various purposes, such as construction, land purchases, car purchases, and other purposes, at a specific interest rate and for a predetermined period.  link