"ADVISOR TO THE PRIME MINISTER: THE VALUE OF IRAQ'S NATURAL RESOURCES EXCEEDS $16 TRILLION".
"The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector. He noted that the value of Iraq's natural resources exceeds $16 trillion. " -
"The government has signed memoranda of understanding with reputable international companies in the fields of mineral exploration and investment, particularly in phosphate, sulfur, lithium, and copper fields".
- "The mining sector represents a promising opportunity for Iraq, not only to increase public financial revenues, but also to restore the structural balance of the Iraqi economy.
Al-Sudani: Industry Is The Cornerstone Of Economic Recovery
Thursday, June 5, 2025 Economic Number of readings: 55 Baghdad / NINA / Prime Minister Mohammed Shia Al-Sudani stressed: "Industry is the main pillar of economic recovery, which contributes to achieving sustainable development."
Al-Sudani said in a speech at the National Industry Day celebration at the headquarters of the Iraqi Federation of Industries: "Iraqi industrialists have proven their ability to innovate and face challenges."
The Prime Minister added: "After 2003, our country witnessed an ill-considered openness that reached the point of dumping and halted industry."
He continued: "Our industry today has entered the area of self-sufficiency, and for the first time, the government has imposed sovereign guarantees for private sector projects, and we did not hesitate to issue any decision to protect the national product."
He stressed: "The private sector is a partner in facing challenges, and the Council of Ministers is ready to take decisions that go beyond product protection decisions, including preventing the import of competing materials. "
He said that the private sector is a partner in facing challenges, indicating that more than 34,000 industrial projects are covered by the guarantee.
He added that Iraq is an oil, industrial and agricultural country, pointing out that there is a challenge in the lack of control over ports, which has contributed to the entry of cheap goods that have affected local products.
The Prime Minister continued: We aim to transform our oil exports into high-value derivatives by creating an important and in-demand petrochemical oil industry for export. /End https://ninanews.com/Website/News/Details?key=1231926
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 morning everyone, happy to see you all on this great Thursday morning!
Member: A long time ago….we were told that just before the RV/reset there would be lots of confusion, misinformation and chaos. Then quiet…….I really hope we are in the quiet part right now
MZ: It is eerily quiet everywhere. I am salty that this is taking so long.
Member: I am salty too.,…but, I still believe!
Member: Mark I got me a hat says “salty crew” maybe we all need one? Haha
Member: Can’t be salty…you get accused of whining. Just sayin ….so I don’t speak anymore.
Member: We ARE moving forward...just havent hit Warp Drive yet...JUST IN: President Trump holds telephone conversation with Chinese President Xi Jinping to discuss trade.
Member: MTWGA= Make The World Great Again!!!!!!
MZ: I continue to hear from bond folks there is great expectations for the weekend.
MZ: Some historical asset sources believe the Russian/Ukraine flare up could slow things down…but bankers disagree. They believe things are moving forward as we speak.
Member: Isaac (bond holder) posted, he had his appointment today and should get his confirmation Tuesday or Wednesday.
MZ: “Economist: Expanding bank transfers contributed to the decline of the price of the dollar” they want us to know their banking reforms have been affective. Things are starting to operate through the international banking system.
MZ: “Oil Minister from London: Iraq will achieve self sufficiency in white products by the end of the year” In other words they say they are ahead of schedule.
Member: Could a less-corrupt nation have been selected as the trigger to get this all started?
Member: I think Sudani is trying…..But, They move at a snails pace in the Middle east….and many in the past were very corrupt…
Member: Most countries are corrupt anymore…..Nesara and Gesara are supposed to fix that -if it would ever happen.
Member: There is a banking holiday in Iraq from the 6-10! Cover for the RV?
MZ: Yes we are coming up on an extended banking holiday in Iraq. My sources are seeing older lower denominations from the Saadam Hussein era in circulation.
MZ: I was also told by one Iraqi whose spouse works in the banking industry that they are circulating a “cut-sheet” showing what the new lower denominations are going to look like in Iraq. That is a very good sign.
Member: Our banker was so excited to hear about it being close....she makes our wire transfers for silver
Member: This is like the last 10 min of a Hallmark movie…misunderstanding and then everything is fixed.
MZ: LOL- That is eerily accurate.
Member: Please God let this month be the month.
Member: I think we should all have a day of fasting and prayer to bring this to pass if we have faith the size of a mustard seed nothing shall be impossible to us -Matthew 17
Member: Let's do this thing. this weekend sounds good to me. been here 15 years and this is the closest we've ever been.
Member: Happy Birthday Blessings and Wishes for anyone celebrating today!
StacieZ joins the stream today. Please listen to the replay for her information
Sudani's financial advisor: Cooperative hypermarkets reduced demand for the parallel dollar and prevented a rise in inflation.
5/29/2025
Baghdad/Iraq
The Prime Minister's financial advisor, Mazhar Saleh, confirmed that the hypermarket policy has effectively contributed to reducing demand for dollars on the parallel market, which has had a positive impact on price stability.
He explained in a press statement that this policy helped prevent inflation rates from rising, keeping them within the 3% range, noting that the measures implemented have boosted market confidence.
He added that the proliferation of hypermarkets has encouraged merchants to shift toward importing through official dollars instead of parallel currencies, which has contributed to regulating market activity and financing foreign trade in a legal and stable manner.
Article: "Economist: The dollar's decline improves citizens' living standards and monetary policy."
Quote: "Economic expert Salah Nouri confirmed that the continued decline in the dollar exchange rate carries with it multiple positives that are directly reflected in the lives of Iraqi citizens...
The decline in the dollar exchange rate leads to a significant decline in import costs, which positively impacts commodity prices in local markets... Citizens will be able to purchase larger quantities of goods, especially basic food items and medicines,
which will help alleviate their living pressures...
The economic expert emphasized that this decline reflects a clear improvement in the monetary policy pursued by the Central Bank of Iraq, noting that it contributes to reducing dollar acquisitions and speculation, thereby enhancing overall economic stability in the country."
