DINAR REVALUATION UPDATE:
POTENTIAL FUTURE RV
RV,July first basket Dinar 4.50 Reset sept-Nov 1:1 2 times
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[via PDK] Article: "Within two days, departments will no longer accept cash. As the Iraqi government transitions to a cashless..Iraq Seeks To Reduce Gas Flaring To Zero.
Energy The Ministry of Oil announced on Wednesday the government's efforts to
increase associated gas investment rates and
reduce flaring rates,
achieving zero flaring, while also
increasing liquefied natural gas production and exports to
generate additional revenue for the state treasury.
“The government and the ministry are keen to
increase the investment rates of associated gas from oil fields and work to
reduce gas flaring to low levels, leading to
zero flaring in the next few years,
in addition to
increasing the production and export rates of liquefied gas to
generate additional revenues for the state treasury,” said Ezzat Saber Ismail, Undersecretary of the Ministry of Gas Affairs, during a leadership meeting for the gas sector, attended by heads of relevant companies and departments at the ministry’s headquarters.
He added, "The gas investment sector has achieved advanced levels of production, as national companies have been able to raise gas investment quantities to 71%, through the implementation of a number of projects that aim to achieve the Ministry's plans in this regard."
He pointed to "the interest the gas sector receives from Prime Minister Mohammed Shia al-Sudani and Oil Minister Hayan Abdul-Ghani al-Sawad,
" expressing his hope that
"the ministry will achieve its goals through projects implemented by national companies in cooperation with specialized international companies, particularly in the Maysan, Buzurgan, Gharraf, and Nasiriyah fields in Dhi Qar, Artawi, Nahr Bin Omar, and the integrated gas project with Total in Basra, in addition to the projects of the fifth licensing rounds."
The Undersecretary of the Ministry stressed the
"need to enhance liquefied natural gas storage capacity by
accelerating the implementation of ongoing and planned projects in a number of governorates,
in order to strengthen the integrated infrastructure of this sector,
which has witnessed significant achievements in projects to
increase production, storage, export capacities, and distribution outlets." He explained that
"the Ministry has recently succeeded in implementing a number of gas pipeline projects to power plants, which aim to achieve high flow rates in the transport and pumping of gas."
The statement added, "The meeting included a review of the
projects being implemented within the ministry's programs and plans, the
percentages of completion achieved, dry and liquid gas production rates,
storage energy projects, the pipeline network, and
gas transportation to power plants, in addition to the topics included on the agenda."
views 143 Added 06/25/2025 - https://economy-news.net/content.php?id=56606
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Television is reminding us Iraqi citizens that starting July 1st all government agencies will not accept any cash payments...The government will not be dealing in any form of cash. We're going digital.
FRANK: July 1st is interning. The CBI already does not allow you to use American dollars anymore.
Now they're not even going to allow you to use your 3-zero notes. They want you to go digital...
You can't use physical cash?
If that's true then that means the security and stability of your lower notes has been established...1310 electronically makes no sense to me.
The Central Bank Concludes A Course On Basic Standards For Detecting Counterfeit Currency.
June 29, 2025 The Central Bank of Iraq's Basra branch concluded the "Basic Standards for Detecting Counterfeit Currency" course. The course, organized by the Central Bank's Banking Studies Center, lasted three days, from June 23-25, 2025.
The course was attended by 13 government and private banks from the southern governorates.
It also covered key aspects related to recent developments in detecting counterfeit currency and its basic standards.
For their part, the participants praised the training courses organized by the Central Bank of Iraq for their significant impact on developing their job performance. Central Bank of Iraq Media Office June 29, 2025 https://cbi.iq/news/view/2921
DINAR REVALUATION UPDATE:
The Kurdistan oil export deal & salary payments resumption could strengthen the Iraqi Dinar (IQD) by boosting government revenues & fiscal stability.
More oil income = less deficit pressure = potential IQD stabilization.
on the hills”so don’t forget to set HIS share for Him aside first.