Al-Sudani and the Islamic Union Parliamentary Committee stress the importance of approving the oil and gas law.

 Al-Sudani and the Islamic Union Parliamentary Committee stress the importance of approving the oil and gas law.

Iraqi Prime Minister Mohammed Shia al-Sudani received a delegation from the Kurdistan Islamic Union Party's parliamentary bloc on Tuesday. The meeting discussed vital issues related to the relationship between the federal government and the Kurdistan Region.

During the meeting, the two parties emphasized the "need to find radical solutions, within the framework of the constitution and the law, regarding the Kurdistan Regional Government's financial obligations, based on the provisions of the budget law and the Federal Court's decision."

The importance of passing the oil and gas law was also emphasized, according to a statement from the Prime Minister's Office, referring to one of the most contentious issues between Baghdad and Erbil in years.

Al-Sudani explained that the government "is keen to meet citizens' aspirations and monitor their affairs throughout Iraq, based on its legal and constitutional responsibilities and the priorities and needs of citizens. "

During the meeting, "a number of national issues and topics were discussed, as well as the government's implementation of its service and economic program."

For their part, members of the Kurdistan Islamic Union parliamentary bloc pointed to "the importance of the strengthening of security and social stability, coupled with a comprehensive economic and urban renaissance," praising "the government's efforts in service-related issues and tangible reforms, and their positive impact on the lives of citizens across the country."

This comes as the Coordination Framework also affirmed the federal government's commitment to guaranteeing the rights of all citizens, noting at the same time that the enactment of the oil and gas law represents the core of the solution between Baghdad and Erbil.

The Iraqi constitution devotes two articles to the issue of oil and gas, Articles 111 and 112, without addressing how the country's oil policy will be formulated. This was left to the issuance of the Oil and Gas Law, which, after two decades and the current Iraqi government's pledge to issue it within six months, remains unclear when it will be issued. link

Tuesday Coffee with MarkZ. 06/03/2025

 Tuesday Coffee with MarkZ. 06/03/2025

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: GM Markz, Mods, Everyone & friends

Member: RV there yet?

Member: Did Jerome Powell step down from the Fed?

MZ: I have not been able to confirm that. There are many rumors everywhere. 

Member: Will the RV be delayed by Iraq elections coming up this year.?

MZ: Sudani said he would increase the purchasing power of the dinar during his term. That is going to end this fall…so we know he is on a short fuse to get things done before the election. 

MZ: “The coordination framework calls for resolving disputes between the centre and the region through the legislation of the Oil and Gas Law” this is a dominate theme in the news this morning.  15 years ago – I was told that when this was done- we go…..and quickly. I love seeing this enormous amount of political pressure. This law should be before parliament before the middle of June. 

Member: The oil and gas law needs the rate. We are not waiting on it to RV. Rate exposed and then the Oil and Gas law is approved. We won’t care at that point. IMO

MZ: “Sudani confirms financial obligations to the Kurdistan Regional government and the approval of the Oil and Gas Law” 

Member: MarkZ: Bara said his bond contact said payment today…. What about your bond contacts???

MZ: I have more bond folks with expectations for this coming weekend. There seems to be some sort of push from many sources to between the 7th and the 9th. 

MZ: Nothing new on CMKX ect…….

​​Member: It sure would be nice if they'd just flip the switch on this, Seriously what's the hold up?

Member: Maybe we are waiting on new asset backed currency….or maybe they are waiting for audits of the Fed and UST to get done??????

Millionaires:  Jamie Diamond said yesterday that Chase Bank will be offering services that will WOO millionaires

Member: Many European Banks are closed next Monday

Member: Remember as of July 1, in 30 days, Basel III compliance becomes LAW

Member: I feel as though this weekend has a very good chance to be the one we await...

Member: Thank you, Mark for what you do you’re definitely my inspiration in this whole process. Keep it going, brother.

Member: See everyone tonight……have a great day. 

MILITIAMAN: Is Iraq Ready for Dinar Revaluation? @DINARREVALUATION #iraqidinar #iraq

 

Central Bank: Liquidity is available, and our reserves exceed $100 billion

 Central Bank: Liquidity is available, and our reserves exceed $100 billion

The Central Bank confirmed on Monday that liquidity is fully available, while indicating that reserves have exceeded $100 billion.

Mohammed Younis, Director General of the Bank's Investment Department, told the Iraqi News Agency (INA): "Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard." He pointed out that "the Central Bank's reserves have exceeded $100 billion, in addition to Iraq's large gold reserves, exceeding 163 tons."

Younis added that "the Central Bank is not an investment entity, but rather is concerned with managing Iraq's foreign exchange reserves," explaining that "the goal of these reserves is not to make profits, but rather to ensure reasonable returns."

He continued, "The reserves are managed according to well-thought-out policies based on high safety standards, and are invested in safe financial instruments that generate acceptable returns." He emphasized that "Iraq is on a good economic path."  link 

Markz: After the initial payment we should get a revaluation

 MarkZ   

[via PDK] 

 I am starting to hear some good stuff from the Historic bond side…about late this week through the upcoming weekend...

It’s kinda surprising I heard from the bond holders this morning…usually we don’t hear anything from them on Mondays. This comes from a couple bond folks I have not heard from in a while. 

 This is a different group then the contacts that had gone quiet.  They feel very upbeat for June.  They are hearing they are to go before the first and second week of June.

 Question:  Mark, do you believe currencies will go shortly after the bonds?  

 I think they will go between the initial bond payments and bonds being fully paid. 

 After the initial payment we should get a revaluation…then a reset…then bond folks get paid their balances while we are going to the banks.  If I understand the process  properly

MNT GOAT:what has been preventing this revaluation to the TRUE rate of t...

FRANK26: "CBI CONTROLS ALL FOREIGN CURRENCIES !!!"

 KTFA

FRANK26: "CBI CONTROLS ALL FOREIGN CURRENCIES !!!"..........F26

Central Bank: Iraq's dollar cash distribution system is the best among countries in the world.

5/28/2025

 

On Wednesday, the Governor of the Central Bank, Ali Al-Alaq, described the cash distribution system for the dollar in Iraq as "the best among countries in the world."

In a speech at a conference held in Baghdad on combating money laundering and terrorist financing, Al-Alaq said, "We have many important achievements to protect the financial and banking system, which is a fundamental pillar of the anti-money laundering and anti-terrorist financing system, protecting it from misuse in suspicious and illegal financial transactions."

He added, "Among the measures we have taken in this area is strengthening financial oversight of foreign remittances. We have made significant efforts to promote this practice by opening multiple channels, and we have succeeded in reducing money laundering."

Al-Alaq continued, saying, "Our international partners have deemed the dollar cash distribution system in Iraq the most optimal among countries in the world," noting the "establishment of a central registry at the international level that includes real bank data, allowing relevant authorities to access this registry and identify its data on a regular basis to enhance transparency and prevent the misuse of fictitious data."

He stressed that "we have continued to work diligently to combat money laundering and terrorist financing," praising the Kurdistan Region's role in cooperation in this area.

LINK