Baghdad to KRG: No Delegation Welcome Without Revenue Transfer

 Baghdad has sent a clear message to the Kurdistan Regional Government (KRG), stating that no delegation from the region will be welcomed in the capital until the handover of oil and non-oil revenues is completed.

According to reports by Iraqi media on Sunday, the federal government will not engage in any negotiations regarding the payment of May salaries to employees, pensioners, and those on social welfare in the Kurdistan Region. This marks a continuation of a hardline stance by the federal authorities in Baghdad over revenue disputes.

The decision comes in response to the KRG’s alleged failure to comply with a ruling by the Federal Court. The court had previously mandated that all oil and non-oil revenues generated in the Kurdistan Region must be handed over to the federal treasury, a requirement the KRG has so far not fulfilled.

Officials in Baghdad say the current position will not change unless the Kurdistan Region meets its financial obligations. The dispute continues to impact public sector salary disbursements in the region, exacerbating existing economic tensions.  link

TIDBIT FROM KAPERONI

 Kaperoni 

 Article: "The era of the digital republic has begun. Iraq is cashless, and the Central Bank imposes its authority as the 'ruler of the country.' "

Article:   "Al-Atwani: Iraq's integration into the international financial system is no longer an option, but rather a necessity to enhance confidence in the national economy."

---

Article:  "Ali Al-Alaq: We are working on creating a digital currency for the Central Bank to gradually replace paper currency" Question: "Assuming this happens, will we need to turn in our currency and allow it to be converted to digital? 

 If so, where will it be held ?" 

 No, the physical paper will always remain outside the country.  That was part of their agreement to sell it to build their own reserves. 

 We talked about this several years ago. Saleh stated the physical dinar currency would go into central banks around the world. 

The digital transformation in Iraq is only for them. The reduction of physical dinar could take several years in Iraq.

 Keep in mind that notes that we hold such as 25,000 notes will always be their printed value. The exchange rate to US dollars should gradually increase based on Iraq's economic growth (economic renaissance) and success over time and the development of their banking system.

SANDY INGRAM: Here's the 3 ways the Development Road Project will increase the IQD's value #iqd

 

With the participation of more than 300 international entities, the Investment Commission announces details of the first investment forum in Iraq.

 The National Investment Commission announced details of Iraq's first investment forum on Tuesday, noting that the forum has strategic objectives to accelerate economic development .

The head of the commission, Haider Makiya, told the Iraqi News Agency (INA): "The upcoming investment forum, which the commission is organizing in coordination with the Iraqi Economic Council and under the direct supervision of the Prime Minister's Office, is the first of its kind since its establishment, and carries strategic goals to accelerate the wheel of economic development in the country ."

He added, "The forum seeks to introduce the 141 available investment opportunities that have received official approvals and are ready to be presented to local, Arab, and foreign companies," noting that "the opportunities cover diverse sectors , including industry, housing, renewable energy, communications, pharmaceuticals, agriculture, and others ."

He added, "The forum aims to attract the largest possible number of foreign and Arab companies to participate in infrastructure projects in Iraq, in addition to introducing international expertise to quality projects, in line with the investment law that requires the employment of skilled and unskilled Iraqi workers in projects ."

Makiya pointed out that "the event will be attended by more than 300 international entities, including countries and companies, representing a historic opportunity to showcase Iraq's investment potential ."  link

TIDBITS FROM MNT GOAT

  Mnt Goat 

 ...Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”.

  Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area.

---

where...are...we...with the RV saga... The choo-choo train is still moving down the tracks quickly.

 It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc. 

 ...Many of these plans are already accomplished, some now in motion and some still in the planning stages. ..

They do not have to implement all of these plans to get there...Later this wealth will sustain the value of the dinar once reinstated...all trains eventually make it to the end of track. This end is coming.

--

hoo-choo train is still moving down the tracks quickly.

 It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc. 

 ...Many of these plans are already accomplished, some now in motion and some still in the planning stages...

They do not have to implement all of these plans to get there...Later this wealth will sustain the value of the dinar once reinstated...all trains eventually make it to the end of track. This end is coming.

LINK

Exciting Updates from Markz!! #iraqidinar #iraqidinarinvestor #iraq

 

EU Maintains Flight Ban on Iraqi Carriers

 The European Union (EU) has confirmed it will maintain operational restrictions on Iraqi air carriers following a technical review that found insufficient progress in the country's aviation safety oversight capabilities.

Iraqi Airways and Fly Baghdad remain on the EU's banned carrier list, with both airlines subject to operating restrictions imposed in December 2015 and November 2023 respectively under Commission regulations.

The decision follows a technical meeting held on 23 April 2025 between the European Commission, the European Union Aviation Safety Agency, member states and the Iraqi Civil Aviation Authority (ICAA). During discussions, Iraqi officials presented updates on legislative and regulatory framework improvements alongside oversight performance enhancements.

The ICAA outlined ongoing efforts including personnel recruitment, training initiatives and drafting of updated national aviation regulations. However, European officials noted these measures remain in early implementation stages with significant concerns persisting over timing, consistency and alignment with international safety standards.

Critical reforms including adoption of revised primary aviation law and strengthening of safety oversight systems remain incomplete without verifiable outcomes, according to the assessment .

The planned Union on-site assessment visit scheduled for September 2025 has been deemed premature given the need for further demonstrable progress across core aviation safety oversight areas.

Under current arrangements, EU member states must continue prioritising ramp inspections of all Iraqi-certified carriers to verify compliance with international safety standards. The Commission stated it would take further action if safety information reveals imminent risks from non-compliance with international standards.

The restrictions affect commercial operations within European airspace, maintaining safety protocols established under EU aviation safety regulations.

Full statement from European Union.

(Source: EU)