DINAR REVALUATION

Friday, April 18, 2025

FRANCIS: "Iraq-KRG unity is a prerequisite for rate reform U.S. involvement= global alignment check"

Parliament's Finance Committee Expects The 2025 Budget To Be Unavailable At This Time: Its Deficit Will Reach 60 Trillion Dinars, 18 APRIL

Parliament's Finance Committee Expects The 2025 Budget To Be Unavailable At This Time: Its Deficit Will Reach 60 Trillion Dinars.

Local | 10:09 - 04/17/2025 Mawazine News – Baghdad Parliament's Finance Committee said on Thursday that it is unlikely that the 2025 budget will be submitted at the present time, while it expected its deficit to be 60 trillion dinars.

Committee member Jamal Koujar said, according to the official newspaper: "We expect that the current year's general budget tables will not reach parliament at the present time, due to the decline in oil prices, as it was based on a price of $70 per barrel."

He stressed that "if the old price is adopted, the deficit will be around 60 trillion dinars, in addition to an actual deficit accumulated from the past two years." https://www.mawazin.net/Details.aspx?jimare=260794

EXCERPTS FROM MARKZ, 18 APRIL

EXCERPTS FROM MARKZ

MZ: I think this one will get us off “stuck”. Very interesting timing

MZ: “ This one just dropped. “Zimbabwe lifts exchange rate controls” in Iraq they have a fixed rate. But in Zimbabwe the rate floats and they let the market decide it and backed it with gold…but this had created a black market. By lifting the exchange rate controls…. doing this ends the black market . I’m pointing this out because it is exactly what Kuwait did when they revalued. And Iraq is talking about doing the same thing.

MZ: Tied to a basket of currencies and tied to assets and let the markets decide. To me this shows that Zimbabwe is preparing for a rest.

Member: They found a ton of lithium in the ground yesterday in Zimbawai !! I believe they finally feel good about their position with their money !??

Is the New IQD Rate Already in the Budget? @DINARREVALUATION #iraqidinar #IQD #iraq

A budget hanging on an oil thread.. The cost per barrel reveals the depth of the rift between Baghdad and Erbil., 19 APRIL

A budget hanging on an oil thread.. The cost per barrel reveals the depth of the rift between Baghdad and Erbil.

Member of the Oil and Gas Committee, MP Ali Shaddad, confirmed today, Friday (April 18, 2025), that Article (12) of the Triennial Budget Law represents one of the most prominent reasons for the delay in sending the 2025 budget tables to the House of Representatives, explaining that it sparked a sharp dispute between the federal government and the Kurdistan Regional Government.

Shaddad's media office said in a statement received by "Baghdad Today", that "the budget schedules for the year 2025, which the government is supposed to send to the House of Representatives for approval, may be delayed due to the lack of agreement on Article (12) of the Triennial Budget Law, in addition to the decline in oil prices."

He added that "the decline in oil prices will contribute to the exacerbation of the financial deficit in the budget," indicating that "the latter was built on the basis of an estimated price per barrel of (70) dollars, which is no longer realistic in light of the decline in prices, in addition to the accumulated deficit from the past two years."

Shaddad continued, "The government is concerned about the financial obligations that may be imposed by the budget schedules," noting that "the latter has announced on more than one occasion that it is suffering from a severe shortage of financial liquidity."

He stressed that "this shortage will not affect the salaries of employees and retirees, but it may lead to delays in the disbursement of certain financial dues, such as bonuses and promotions, as well as delays in the release of governorate budgets." link

Evening News with MarkZ, joined by Dr. Scott Young. 04/17/2025, 18 APRIL

Evening News with MarkZ, joined by Dr. Scott Young. 04/17/2025

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good Evening Mark Z, Dr. Scott & Everyone !

MZ: I am back up and running with power, A.C. ect……and internet issues on the island are all squared away.

Member: Mark, is this month is still in play ?

MZ: April is still very much in play according to the bond side and the banking side.

MZ: “ Spending priorities in the 2025 budget : Maintained salaries and projects following in the footsteps of the government curriculum” Saleh is Sudani’s economic advisor. He is the one to listen to about Iraq’s economy. He says they have the mechanism and rate will not be an issue. The mechanism is in the budget to change the rate if necessary….and they are already calling for that.

MZ: We know they have a big meeting on Saturday…the Erbil delegation is already arriving in Baghdad. “ Iraq officially reassures energy companies in the Kurdistan region and pledges to pay their dues” . This is a big one and they want the oil companies to start pumping oil and exporting again. Guaranteeing to send salary payments to Erbil. This has been a sticking point in agreements.