Mnt Goat
...It took a business man like Donald Trump to see the potential in Iraq for American companies but also, which is most important, to take advantage of it.
But Trump knows that before he can convince American companies to come to Iraq, he must erase the stigma of Iranian influence in Iraq...today we get a really good clear look at where the Trump foreign policy towards Iraq is going and its all VERY GOOD!
The Central Bank renews its warning against trading in withdrawn banknotes.
In recent years, this bank has observed the circulation of foreign banknotes from various countries, some of which are genuine and in circulation, others withdrawn from circulation, and some counterfeit.
Such banknotes are used by unscrupulous outlaws to defraud citizens by luring them into exchanging them for Iraqi dinars at prices far exceeding their actual value.
They claim that exchanging them offers them significant profits and rare investment opportunities.
Therefore, the Central Bank of Iraq calls upon the public and the specialized security and regulatory agencies to monitor these matters and refrain from handling these banknotes.
They should focus on Iraqi banknotes and those handled by the Central Bank of Iraq and the banking system, to avoid falling prey to outlaws.
Fnu Lnu
Conducting domestic commerce is and will continue to work with the Dinar as it is.
There is no impetus for a RI/RV...Iraq has far to go and they are making progress on may fronts but the necessity for a change in the currency/economic policy is not a pressing issue and is not being discussed...
the RI/RV is likely going to take more time and a more pressing use case must be presented. Such a necessity is not now present and it is doubtful that we will see it this year.
KTFA
FRANK26: "KURDISTAN & BAGHDAD SUPPORT THE OIL FLOW... BECAUSE THEY SUPPORT THE NEW EXCHNAGE RATE".......F26
4/20/2025
Prime Minister Mohammed Shia al-Sudani directed, on Sunday, the need to re-evaluate the licensing rounds experience 15 years after their launch, stressing the need to work to remove obstacles facing investors in the oil and gas sector.
This came after he chaired a meeting with representatives of major foreign oil companies operating in Iraq, attended by the Minister of Oil, relevant authorities within the ministry, the Board of Supreme Audit, the General Tax Authority, and the Employment Department at the Ministry of Labor and Social Affairs, according to a statement issued by the Iraqi government.
The statement noted that the meeting, the second of its kind, discussed several issues, most notably the mechanism for stopping gas flaring and its investment, the water injection strategy, and the growth of investment in the oil sector, in addition to work permits and social security.
Al-Sudani directed the need to address the obstacles impeding project implementation, stressing that the partnership with companies in this regard is strategic and represents a government priority in maintaining and increasing production rates.
The Prime Minister emphasized the goal of developing production and raising the efficiency of oil reservoir management by introducing modern technology, improving facility performance, and ending the flaring of associated gas. He also emphasized the importance of achieving optimal utilization of this gas, whether in operating power plants or supporting vital industries such as petrochemicals, fertilizers, iron, and steel.
Al-Sudani also noted that the government is working to improve the operating environment for oil companies, enhance security at various sites and facilities, and develop infrastructure. He explained that the government is looking to enter into a long-term partnership with oil companies to ensure optimal use of oil and gas resources in a way that benefits the people and achieves development goals.
Militia Man
'Investing in strategic minerals such as thorium could generate returns comparable to oil as thorium is cleaner and more important alternative than uranium.
Linking the value of the national currency to invest in the minerals depends on Iraq’s ability to enter valued added chains which contribute to raising the gross domestic product…
This boom in mineral investment will positively impact fiscal and monetary policy by enhancing monetary stability. ' That’s what they want, monetary stability…
It’s kind of a long article but it’s fascinating. Linking the value of the national currency to investment based off their natural resources I think is quite simple to understand …
The expectation is Iraq will have a real effective exchange rate and open up and integrate into the International financial system.
Read also: Bank appointment for Currency EXCHANGE Instructions/Checklist
