Toyvp: Iraqi Drilling Company Completes 13 New Wells

 Toyvp:  Iraqi Drilling Company Completes 13 New Wells

26th April 2025 in By John Lee.

The Iraqi Drilling Company (IDC) has announced the successful drilling of 13 new oil wells and the rehabilitation of 53 others across various oilfields, covering the period from January to 21st April 2025.

According to IDC's Director General, Engineer Hassan Mohammed Hassan, the achievement reflects the technical and engineering capabilities of the company's workforce, which continues to deliver projects to the highest specifications and within scheduled timelines. The work was conducted in coordination with national extraction companies and international oil firms operating in Iraq.

He further noted that IDC remains Iraq's primary national arm in the field of oil well drilling and maintenance, supported by its accumulated expertise, a modern fleet of drilling rigs, and highly skilled personnel.

https://www.iraq-businessnews......new-wells/

The Central Bank of Iraq just confirmed it: There’s 100 trillion dinar in circulation

 The Central Bank of Iraq just confirmed it:

There’s 100 trillion dinar in circulation, not the 180 trillion number everyone throws around.

And it’s not random.

They’ve spent the last three years consolidating the money supply into larger notes — 50,000 dinar bills are now everywhere.

Smaller bills are being phased out — not expanded.

You don’t do that unless you’re about to change the value of the currency.

If Iraq was staying locked at 1,300 to 1, they’d be flooding the market with smaller notes.

Instead, they’re pulling them back.

Because after the rate shift, you don’t need piles of small bills anymore —

you need big notes to temporarily bridge the old system into the new one.

The new currency series — 1s, 5s, 10s, 20s — is already printed.

It’s sitting in storage, waiting.

It doesn’t come out until after the revaluation is public.

This isn’t conspiracy.

This is central banking 101.

It’s a controlled transition.

RV first.

Redenomination after.

No sudden wipeout.

You’ll exchange the large notes you hold based on the new rate.

They need the old notes to bridge into the new system — then they’ll phase them out cleanly over time.

The signs aren’t subtle anymore.

They’re screaming if you know what you’re looking at.

The window is closing.

And when it flips, it’s not going to be gradual.

Stay ready.

Iraq Confirms Full FX Readiness: Preparing its Nation and Allies for a revaluation shockwave!!#iqd

 

Iraq, IFC discuss significant investment barriers

 Iraq, IFC discuss significant investment barriers

Baghdad (IraqiNews.com) – The Iraqi Minister of Finance, Taif Sami, and the International Finance Corporation’s (IFC) regional Vice President for the Middle East, Central Asia, Turkey, Afghanistan, and Pakistan, Hela Cheikhrouhou, discussed recently strategies to address the major challenges to investment in Iraq.

The two sides met on the sidelines of their participation in the 2025 Spring Meetings of the World Bank and the International Monetary Fund (IMF) taking place from April 21 to 26, according to a statement released by the Iraqi Finance Ministry.

Sami and Cheikhrouhou discussed the most significant initiatives in the energy and transportation sectors, as well as international trade finance that the IFC is overseeing in Iraq.

Additionally, Sami explained that the IFC can finance projects of the Iraq Development Fund, which aims to build sustainable economic and social development, develop Iraq’s non-oil economic resources, and address economic, social, and environmental crises.

Cheikhrouhou placed a strong emphasis on assisting Iraq’s industrial and agricultural sectors as well as its private sector and its initiatives.

https://www.iraqinews.com/iraq/iraq-ifc-discuss-significant-investment-barriers/

EXCERPTS FROM MARKZ

EXCERPTS FROM MARKZ

Member; Soo many rumored to be flying to exchange this weekend….crazy amount of rumors flying round. 100s of Private Jets in the skies for the last several days ... hmm

Member: All Saturday evening and yesterday, lots of podcasts are saying it’s happening…..

MZ:  We are waiting for bond payout confirmations. 

MZ: Things are moving- we just don’t know how quickly though……I was always told once we hit 30-40% of those historic bonds we are roughly 3-5 days of us going. 

Member: I wonder- What % of Bonds have been remunerated at this time?

MZ: We do not know what percentage has been paid out yet. We are very hopeful that all the payments that have been initiated happened this weekend . If they (bank wires) have started to arrive we may get an idea of where we could be. 

MZ: We are waiting to find out if bond holders have fully spendable money today. We are watching this today and tomorrow. 

The Iraqi dinar is now fully backed by the country’s foreign currency reserves!! #iraqidinar #iraq

 

Iraq’s judiciary acquits Al-Halbousi of forgery

Iraq’s judiciary acquits Al-Halbousi of forgery

The Iraqi Prime Minister, Mohammed Shia Al-Sudani, and with the leader of the Progress Party, Mohammed Al-Halbousi. Photo: PMO

Baghdad – Iraq’s judiciary has acquitted the influential former parliament speaker, Mohammed Al-Halbousi, after dismissing him in 2023 over accusations of forging a document, his office announced Sunday.

Al-Halbousi had been the highest-ranking Sunni official since he first became speaker of parliament in 2018 with the support of Iraq’s powerful pro-Iran parties, and then in 2022 following early elections.

But in November 2023, Iraq’s Federal Supreme Court dismissed Al-Halbousi after a lawmaker accused him of forging a resignation letter and said the former speaker had changed the date on an older document to force him out of parliament.

Al-Halbousi’s media office said on Sunday that “the Iraqi judiciary acquitted” the former head of parliament “of the charges previously brought against him.”

It added that the courts “dismissed the complaints” and closed the investigation.

Al-Halbousi, who heads the Taqadom party, is known for his rapid ascent in Iraqi politics and as a key interlocutor for many Western and Arab dignitaries.

Iraq’s 329-member parliament is dominated by a coalition of pro-Iran Shiite parties.

Under a power-sharing system adopted in Iraq in the aftermath of the 2003 US-led invasion, political positions are divided between Iraq’s ethnic and confessional communities.

In the top positions, the role of prime minister, currently held by Mohammed Shia Al-Sudani, always goes to a Shiite Muslim, that of speaker of parliament to a Sunni Muslim and the presidency to a Kurd.

https://www.iraqinews.com/iraq/iraqs-judiciary-acquits-al-halbousi-of-forgery/