ARIEL: "People who hold IQD should be ready to get things moving in whatever manner suits you best"

 

Sherwan Dobardani: Erbil and Baghdad have reached an agreement and it must be adhered to.

 Sherwan Dobardani: Erbil and Baghdad have reached an agreement and it must be adhered to.

 A delegation from the federal government arrived in Erbil on Thursday, June 26, 2025, and began its meetings with a delegation from the Kurdistan Regional Government at 5:00 PM, MP Sherwan Dubardani said. 

The two sides reached good results and an agreement on resuming Kurdistan oil exports, he added.

"Erbil and Baghdad have reached an agreement to resume the export of Kurdistan Region's oil, and the agreement must be adhered to," Sherwan Dubardani, a member of the Iraqi parliament representing the Kurdistan Democratic Party, told Kurdistan 24 on Friday, June 27, 2025. He added, "A delegation from the Kurdistan Regional Government will meet with oil companies next week."

Dubardani added, "The Kurdistan Regional Government must abide by the law we voted on in the House of Representatives, and Baghdad must abide by the same law. Companies that signed contracts with the regional government have legal contracts according to the same law."

He pointed out that "there is no excuse for the federal government not to abide by the agreements because the Kurdistan Regional Government is prepared to implement the law enacted by the Council of Representatives, which is to pay 50% of the financial revenues to the federal government."

He explained that Iraqi political parties accuse the Kurdistan Regional Government of non-compliance and use slogans against the KRG because they have not delivered anything for their constituents in their provinces. Especially since parliamentary elections are due to be held soon in Iraq, they are using these slogans as political leverage.   link

🇮🇶IQD🇮🇶 rumored at $3-7 🇻🇳VND🇻🇳 rumored at $.47 ‪@DINARREVALUATION‬ #iraqidinar #iraq

 

An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent

 An imminent agreement between Erbil and Baghdad to resume the region's oil exports and settle employee salaries - Urgent

Member of Parliament, Shwan Muhammad, said on Friday (June 27, 2025) that a comprehensive agreement between Baghdad and Erbil is likely to be reached soon, re-exporting Kurdistan's oil through SOMO and providing a solution to the months-long employee salary crisis.

Mohammed said in a press statement followed by "Baghdad Today" that "the agreement includes exporting the region's oil through the National Marketing Organization (SOMO), with the federal Ministry of Finance responsible for paying the dues of the operating oil companies, while providing guarantees that no obstacles will be placed in the way of the process."

The Kurdish MP explained that "the success of this agreement will have a direct impact on the salaries issue and pave the way for resolving the outstanding financial disputes between the two parties."

As the elections approach, Iraqi parties are preparing for internal and external challenges that require resolving disputes and strengthening the economic front. This is particularly true in light of declining oil exports and increasing international pressure on the federal government to ensure transparency in resource management. Meanwhile, Kurdish demands are escalating to end what has been described as the "collective punishment" policy of the region's employees through salary delays.  link

TONY UPDATE: They have been told that the RV will happen

Fri. 27 June 2025 TNT Tony

TNT Tony says that it was announced on Iraqi TV that their purchasing power would increase. 

They have been told that the RV will happen tomorrow Sat. 28 June.

 Tony thinks they may be waiting for the 5:00 Pacific time close of Forex. He hopes they aren’t waiting for 5:00 Hawaii time. It could happen overnight. 

Tony also said the salaries have been paid. Nothing remains to be done. 

The bank screens were blank this morning, then flickering later in the day. 

They (banks) thought that was a good sign. A bond holder was paid 100 million dollars.

 We should be going very soon.

🚨🌟 IQD RV IS COMING, PATRIOTS! THE TIME IS NOW! 🌟🚨 #iraq #iraqidinar @DI...

Gold Heads For Second Weekly Loss.. What About Other Metals?

 Gold Heads For Second Weekly Loss.. What About Other Metals?

Stock Exchange   Gold prices fell on Friday, heading for a second weekly loss, as safe-haven demand was impacted by the ceasefire between Israel and Iran and progress on the US-China trade deal, while investors awaited US inflation data.

Spot gold fell 1.2% to $3,288.55 per ounce by 06:43 GMT. The yellow metal's price has fallen 2.3% so far this week.   US gold futures fell 1.4% to $3,300.40, according to Reuters.

"The market seems very bullish on risk assets, so that is impacting gold prices," said Soni Kumari, a commodities economist at ANZ.

Kumari added that the de-escalation in the Middle East following the ceasefire and progress in US-China trade talks reduces market uncertainty, leading to further price declines.

Iranians and Israelis welcomed the return of normal life after 12 days of the most violent confrontation ever between the two sides, which ended with a ceasefire that took effect on Tuesday.

A White House official said Thursday that the United States has reached an agreement with China on how to expedite shipments of rare earth minerals to the United States amid efforts to end the trade war between the world's two largest economies.

Investors are awaiting US core personal consumption expenditures data, due at 12:30 GMT, for further clarity on the Federal Reserve's monetary policy outlook. Analysts polled by Reuters expect a 0.1% monthly increase and a 2.6% annual increase.

Markets currently expect interest rates to be cut by 63 basis points this year, starting in September.

US President Donald Trump says slowing inflation means the Federal Reserve should cut interest rates, but only two US central bank policymakers have so far indicated they are considering a rate cut at the central bank's July meeting.

Among other precious metals, spot silver fell 0.5% to $36.44 per ounce, platinum fell 2.8% to $1,378.18 after hitting its highest level in nearly 11 years, and palladium rose 0.3% to $1,135.36, its highest level since October 2024.   https://economy-news.net/content.php?id=56697