Solar Power Initiative for Iraqi Health Centres

 In a coordinated effort with the Ministry of Health, Iraq's National Investment Commission (NIC) has launched a pioneering initiative to equip health centres with solar power systems, marking a step toward expanding investment in critical public service sectors and accelerating the country's shift to renewable energy.

The initiative was announced on Wednesday, 18th June, during a high-level coordination meeting held at the Ministry of Health. The session was attended by Minister of Health Dr. Saleh Mahdi Al-Hasnawi, NIC Chairman Dr. Haider Mohammed Makkia [Makiyya], and senior officials from the Ministry of Higher Education and Scientific Research.

Dr. Makkia said the programme reflects government directives to open new investment pathways in key sectors affecting citizens' daily lives. He stressed the importance of creating innovative public-private investment models in healthcare, particularly those that enhance sustainability by incorporating clean energy and supporting Iraq's sustainable development goals.

Minister Al-Hasnawi welcomed the initiative as a "qualitative leap" in adopting clean energy in health institutions, adding that it would improve service reliability. The Ministry pledged full support for this type of transformative project.

The NIC presented a comprehensive technical briefing outlining the project's scope, which begins with the installation of solar systems in select health centres in Baghdad. The pilot phase aims to evaluate technical, financial, and operational aspects before rolling out nationwide.

The initiative targets improved healthcare service efficiency and reduced dependence on unreliable grid electricity and diesel generators, especially in areas with unstable power supply. It forms part of a broader national plan to promote investment in renewable energy, public services, and smart infrastructure.

(Source: NIC)

SMALL BANKS DOING EXCHANGES TOO?

 CHECK THIS OUT... SMALL BANKS DOING EXCHANGES TOO?

Iraqi Dinar Updates — Confirms the Dinar Is Fully Backed! “Iraq’s foreign currency reserves are sufficient to FULLY BACK the national currency in circulation.” Huntington Bank now accepts the Iraqi dinar, Indonesia Rupiah, and Vietnam Dong. They didn’t accept Iraqi Dinar back in October 2024. drue Foreign Currency https://huntington.com/Personal/foreign-currency/

MEI: Iraq "tries to Assert State Authority during Crisis"

 The Iraqi government has long navigated a path between maintaining political ties with its Iranian neighbor and Tehran's allies inside Iraq on the one hand, and preserving its security relationship with the United States on the other.

Unsurprisingly, it quickly welcomed US President Donald Trump's June 23 Israel-Iran cease-fire agreement.

Click here to read the full article.

TIDBIT FROM SANDY INGRAM

  Sandy Ingram 

 For Iraq, achieving Article VIII status would require deep reforms including closing the gap between the official and parallel exchange rates, cleaning up its banking sector, digitizing transactions, enforcing anti-money laundering and counter-terrorist financing standards and ending informal restrictions on capital movement. 

 Once benchmarks are met and sustained Iraq can formally request the IMF executive board to approve its transition from Article XIV...

to Article VIII signaling full integration into the global financial system.  This step would boost investor confidence, attract foreign capital and support long-term economic growth.

WALKINGSTICK: this will be all done by the end of the 2nd quarter!! #iraqidinar #iqd

 

An economist warns of the continued dominance of the dollar in Iraqi-Chinese trade

  An economist warns of the continued dominance of the dollar in Iraqi-Chinese trade

Data from the Chinese Customs Authority showed a significant increase in the value of Chinese exports to Iraq during the first five months of 2025, increasing by 9.5% compared to the same period in 2024. The value of these exports reached $7.4 billion, compared to $6.77 billion during the same period last year, according to a report by economic expert Manar Al-Obaidi.

Al-Abidi explained that this growth is driven by increased exports from a number of sectors, most notably:

Electrical and mechanical appliances : accounted for 24% of total exports and achieved a growth rate of 11.46%.

Electronics : represented 15% of exports and increased by 29.3%.

Clothing : accounted for 7.6% of total exports and increased by 21%.

Cars and spare parts : Its share reached 7.2% and recorded the highest growth rate of 35%.

In contrast, Iraq i exports to China declined by 5.77% during the same period, reaching $15.2 billion compared to $16.14 billion in 2024, and are almost entirely limited to petroleum products.

Despite the decline, the trade balance between the two countries remains in Iraq's favor, with a trade surplus of $7.7 billion during the first five months of 2025, down from $9.37 billion during the same period the previous year.

Al-Obaidi pointed out that "this surplus remains fragile, as it is almost entirely tied to Iraq's oil exports to China in terms of quantity and price. Any decline in the value or volume of these exports could lead to a shrinkage of the surplus or its transformation into a deficit, which necessitates diversifying Iraq's export base by boosting exports of raw materials and local goods."

Although annual trade between Iraq and China exceeds $54 billion, financial transactions between the two sides continue to be conducted in the US dollar, whether for oil sales or imports.

Al-Obaidi called for "the establishment of a direct financial and trade exchange platform between Iraq and China, similar to what other countries have done, such as the recent agreement between China and Turkey to adopt local currencies in trade exchanges."

He promised that "reducing dependence on the dollar represents a strategic step towards enhancing financial independence and increasing the effectiveness of bilateral trade."

It should be noted that this data represents direct Chinese exports to Iraq and does not include goods exported to other countries, particularly the UAE, and then re-exported to the Iraqi market.  link

MAYHEM: Your Exchange/ Redemption will last about 10-12 minutes

 🔹🔸Mayhem Mel News🔸🔹

         Freedom Friday

               06-27-25

🔸Mel ‘s quick pop on to say hello and bank updates from Australia , however, effecting world GCR RV🔸

▪️A redirection of funds to farmers, is the Nesara in play▪️

🔸Your Exchange/ Redemption will last about 10-12 minutes, thereafter, you will be redirected to do a Project discussion, if you have one, it will last around 40-45 minutes, these integrations occurred in a meeting last Tuesday..🔸

▪️Major National Bank was named Urbanized Platform, a market leading software ▪️

🔸This Platform connected across the Middle Eastern areas, Asia,Europe,S. Africa, a Global Integration with leading software 🔸 Check out your Countries Banks, for Applications..(App)🔸

▪️Australia has 30 currencies, one being Q80 Dinar, Mel’s opinion that the Dinar to peg with the Q80 Dinar in Australia, Also, APP has been added to Qatar, UAE, others have been added to that APP▪️

🔸As Mel has always said, each Country has different levels of Currency, KNOW what you Hold🔸Last Tuesday, the CWB completed all migration for Amazon web services, that updates completed in Australia and NZ…They are now on the CLOUD upgrade, check out the App, as always, in your Country 🔸An in Branch Transfer has a minimum of 5K, ARE WE ABOUT TO HAVE SEE A WEALTH TRANSFER? Using the APP, all fees are waved🔸

▪️An upgrade of 6K new medical clinics, now called premier healthcare in Australia, which will eliminate 50 healthcare providers▪️

🔸Mel says gm, ga, gnight, and stay SAFE and Savvy, see you on the flip side…..bye for now🔸

▪️▪️Freedom Friday w/ Mel by

td in America ▪️▪️