GEM FINCH UPDATE

Gem Finch, [25/04/2025 12:16 PM]

Beyond that we talked about the contract rate on the Dinar in the low 80’s with a project.

  Now remember that’s only at the RC’s some of the highest rates are there and moving up on Dong and Dinar and really excellent and the Dong was super on Monday and more now. 

  Beyond that he’s now talking about Sue and all those programmes she has.   So was that a short intel segment or what?   Probably not quite what anyone was hoping for???   

So this obviously wasn’t a celebration call and sounding like we’re in for another long Ground Hog Weekend – so am sure Bruce as always will thank his whole team Sue and Bob and GCK and Pastor Scott and Jeannie and Larry and all the faithful listeners from all around the world.  

Then of course he’ll be praying out the call – please join in that call with him, and then keep praying those heartfelt prayers being said until and we have to be close  - that those notifications are finally seen in our emails.   This of course comes as always with all my love for each and every single one of you. 

Love Gem

Let’s see if we can find anything in the psalms that speak now to where we are and how far we have now come? 

JOHN :1 1 – 14 

In the beginning was the Word, and the Word was with God, and the Word was God.

He was in the beginning with God.

All things were made through Him, and without Him was not any thing made that was made.

In Him was life, and the life was the light of men.

The light shines in the darkness, and the darkness has not overcome it.

There was a man sent from God, whose name was John.

He came as a witness, to bear witness about the light, that all might believe through him.

He was not the light, but came to bear witness about the light.

The true light, which enlightens everyone, was coming into the world.

He was in the world, and the world was made through Him, yet the world did not know Him.

He came to His own, and His own people did not receive Him.

But to all who did receive Him, who believed in His name, He gave the right to become children of God, who were born, not of blood nor of the will of the flesh nor of the will of man, but of God.

And the Word became flesh and dwelt among us, and we have seen His glory, glory as of the only Son from the Father, full of grace and truth.

And just one verse from one of the dear wise souls that walks among us on this earth realm.

THOMAS FUSARI 

“What we have NOT Become.”

“Some people are harder to leave than others.

It depends on what they give us, 

or simply how they make us feel  

without lifting a finger, 

simply by being themselves.

This is why some people become unforgettable,

in spite of themselves.”

This X post is from a friend...

DINARLAND UPDATE :WHAT BAGHDAD TV ARE SHOWING TO THE CITIZENS BY FIREFLY...

FRANK26: "NO NEED... WE HAVE ASSETS UP TO THE ASSETS LOL !!!"

 KTFA

FRANK26: "NO NEED...  WE HAVE ASSETS UP TO THE ASSETS LOL !!!".....F26

Will the price of oil be adjusted in Iraq's 2025 budget?

4/24/2025

 

- Baghdad
 

The Parliamentary Finance Committee ruled out any amendment to the price of a barrel of oil approved in the general budget.

This comes one day after Prime Minister Mohammed Shia al-Sudani confirmed that the government had arranged the spending mechanism according to the principle of priority, with positive results achieved in many sectors.

Committee member Jamal Koujar said, "The price of a barrel of oil approved in the budget will not change, because any change requires a comprehensive revision to the budget structure, which means an increase in the deficit, which is already suffering from significant inflation."

Kocher explained that "reducing the price of a barrel would mean one of two things: either increasing the deficit, which is not possible under the current financial situation, or resorting to deleting many important items from the investment budget, which would harm development plans."

He added, "If the government adopts a price of $70 per barrel, it will justify Iraq's sale below the global price, which gives it flexibility in managing its approved expenditures."

Kocher pointed out that "the oil market remains unstable, and no one knows whether the negotiations being conducted by the administration of US President Donald Trump with Iran will lead to a revival of the oil market and a rise in its prices." 

Meanwhile, Member of Parliament Rebwar Orahman confirmed that "the decline in global oil prices will not significantly impact the general budget at the present time," noting that "the government remains in control of the financial situation, particularly with regard to securing employee salaries."

"The government has not yet sent the budget tables to the House of Representatives, (AND WE KNOW WHY... TO PROTECT THE EXCHANGE RATE -F26) and we are awaiting this step to determine the exact figures," Orahman said, noting that "the current decline in oil prices has not yet reached the stage of having a significant impact, unless the price of a barrel falls to $50, in which case the budget could be affected."

He explained that "the situation is currently under control by the government, which is closely monitoring developments in the global market and awaiting external economic changes before taking any steps." He noted that "legally, the government can reduce the budgeted oil price to $60, but this will lead to an increase in the deficit, especially since the deficit is already present and planned for. If oil revenues decline, the deficit will be real."

The MP stressed that "the government is focusing heavily on ensuring salaries and has so far succeeded in securing them in full, which is an indication that the financial situation remains under control."

He pointed out the need to "monitor developments in global markets and take appropriate measures accordingly, to maintain the stability of the country's economic situation."

In a previous interview, the Prime Minister's Financial Advisor, Mazhar Mohammed Saleh, said, "There is a precise technical hedge to confront the oil asset cycle, which the legislator assumed when approving the three-year federal general budget (Law No. 13 of 2023, as amended). The hedge was to adopt a conservative oil price of $70 per barrel for exported oil, based on exporting 3.4 million barrels of oil per day." He explained, "This hedge includes spending within a comfortable budget, but at the minimum possible limit of 160 trillion dinars annually, instead of 200 trillion dinars annually."

Saleh continued: “If oil prices fall to an annual average of $60 – the maximum possible scenario in the 2025 budget – there are two options: either spending around 130 trillion dinars and maintaining the same deficit-to-GDP ratio as in 2024, or spending up to a ceiling of 156 trillion dinars and accepting actual borrowing in bonds that rises to 9 percent of GDP in order to secure salaries, wages, pensions, social care, support, and spending on service projects without interruption, taking into account the drop in oil prices and the double contraction in GDP growth.”

He stressed that "these are the expected possible options unless the oil asset cycle improves, which in any case depends on the upcoming OPEC+ policies regarding the future of production limits and the review of member quotas, as well as the development of the geopolitical situation in the world, especially in the Ukrainian-Russian war and the development of the situation in the Mediterranean Basin region, as the Gulf region is responsible for exporting approximately less than 40 percent of global crude oil exports, and the impact of this on energy price fluctuations in global markets, including crude oil markets."

LINK

TIDBIT FROM FNU LNU

  Fnu Lnu 

 Iraq is not frozen or at a stand-still. Quite the contrary, business in Iraq is BOOMING! Here are 17 projects announced this week.  There are equivalent numbers each week: 

   Iraq discusses buying Korean Defence Helicopters;  PM launches Suq Al-Shoyokh Infrastructure Project;

  Al-Bilal Group signs Investment Licenses for 525 MW Solar Projects;  UK Consultancy Wins Pensions Contract in Iraq; 

 Iraq Develops Remote Air Pollution Monitoring System;  Wood selected by TotalEnergies to advance Ratawi Field Redevelopment; 

 Chinese-built $374m Iraqi Medical City Breaks Ground; Begins Work on 921MW Nassiriyah Power Plant; Central Bank of Iraq Launches First Virtual Bank Project Iraq to produce Solar Panels; 

 Oman Airports signs Partnership with Karbala Int'l Airport Investor;  First Batch of Aluminum Castings following Iraq Plant Upgrade; First Sulphur Shipment from Halfaya Field;  

 AAA Holding Completes Acquisition of Phosphate Fertiliser Project;   Chinese Firm signs MoUs for Iraq Petrochemical Projects;  China Group Wins Lubricants Deal for Kurdistan Region;  Rixos Hotels discusses Development in Iraq. 

 Does Iraq sound or look like they are at a stand-still or frozen to you?

The Iraqi dinar is now fully backed by the country’s foreign currency re...

Iraqi Deputy PM and FM Fuad Hussein in Washington Today

  Iraqi Deputy PM and FM Fuad Hussein in Washington Today

4/25/2025

WASHINGTON DC, United States 

Iraq’s Foreign Minister and Deputy Prime Minister Fuad Hussein is in Washington, and he will meet later today with U.S. Secretary of State Marco Rubio.

Hussein became Iraqi Foreign Minister in 2020, after two years as Finance Minister. A Kurd, Hussein was the long-time Chief of Staff to Masoud Barzani, President of the Kurdistan Region, until his retirement from that position in 2017.

Hussein was most recently in Washington in March 2024, in the last year of the Biden administration, to prepare for the first visit to Washington of Iraq’s then newly-elected prime minister, Mohammed Shi’a al-Sudani.

The purpose of Hussein’s current visit is less clear, but it comes as the Trump administration has held a series of high-level meetings and discussions with its Middle Eastern allies.

Indeed, one of those first exchanges was a phone call between Rubio and Sudani in late February. Their discussion appeared to have been quite friendly, while they agreed on the need to resume Kurdish oil exports through the Iraq-Turkish pipeline, even as that has yet to happen.

Other meetings and phone calls between Washington and its allies in the Middle East followed.

They include an April 11 telephone conversation between Rubio and Masrour Barzani, Prime Minister of Iraq’s Kurdistan Region.

The next day, Sudani paid a rare visit to Erbil. In the meeting between the Kurdish and Iraqi prime ministers, almost certainly, Barzani’s exchange with Rubio was among the issues they discussed.

Issues on the Agenda between the U.S. and Iraq

Asked at a press briefing yesterday about Hussein’s visit to Washington, State Department Spokesperson Tammy Bruce confirmed that he “will be here at the State Department tomorrow for various meetings,” and “I will be in one of those meetings.”

But “as far as to the specifics of what will happen, I have nothing to preview for you at this time,” she added.

However, in a post to X, Hussein provided a bit more information.

“We will hold a series of bilateral meetings to strengthen Iraqi-American relations and coordinate efforts on regional and international issues,” Hussein wrote. “We will also discuss ways to enhance mutual security and cooperation in various fields.”

Presumably, that will include Syria and Iran, as well as the status of the campaign against ISIS. In addition, it will be quite interesting to see if there is any significant progress in resuming Kurdish oil exports.  LINK

Walkingstick: Iraqi bank friend Aki update

 Walkingstick  

[Iraqi bank friend Aki update]

 Aki cannot own any of the currency of Iraq.  He cannot possess any of the lower notes in order to profit.  

Aki and his boss care about the exchange rate to come out not the lower notes. 

 Aki cannot profiteer from turning in lower notes or 3 zero notes to the CBI...

He is interested in the new exchange rate for their investors inside of Iraq and outside where he is at with that bank in Michigan...

Aki is angry the lower notes are still waiting for the same thing that you and I are waiting for, the new exchange rate.