FIREFLY: Saleh back on TV today...talked about how a fixed rate is better than a floating rate #iqd

 

FRANK26: "IMO EXPORTS EQUALS A FLOAT"

 KTFA

FRANK26: "IMO EXPORTS EQUALS A FLOAT"........F26

Al-Sudani: Iraq will stop importing gasoline this year and will instead focus on exports.

7/7/2025

Prime Minister Mohammed Shia al-Sudani announced on Monday that Iraq will stop importing gasoline this year, stressing that the country is on the verge of self-sufficiency in petroleum products, with a future plan for exports.

During his teleconference launch of the Diwaniyah refinery expansion project , Al-Sudani said, "Iraq has transformed from a country importing petroleum products to one that meets its domestic needs, with the exception of limited quantities of gasoline, which will be eliminated before the end of this year."

He pointed out that "the Diwaniyah refinery will contribute to processing liquefied natural gas with a capacity of 180 tons per day and improving gasoline production to a capacity of up to 10,000 barrels per day," adding that "the new project will be implemented with a total capacity of 90,000 barrels per day, at a cost of $800 million."

Al-Sudani explained that "the completion of refinery projects in the governorates of Maysan, Diwaniyah, and Najaf will pave the way for the export of petroleum products, rather than their import, which represents a strategic shift in the energy sector."

LINK

TIDBIT FROM FNU LNU

 Fnu Lnu 

 Article: "UAE-based venture capital fund EQIQ has announced a $3-million anchor investment in a new digital banking startup led by Iraqi-American finance veteran Hussain Qaragholi" 

 Quote:  "Qaragholi, founder of Phoenix Finance Partners, has held senior roles at Merrill Lynch, Citigroup, and Deutsche Bank. He played a major role in Iraq's $22-billion debt restructuring and sovereign bond offerings, and currently serves on RAND Corporation's Global and Emerging Risks Board."  

 Sometimes you only get potatoes but other times you get meat with them. This is as meaty as it gets. 

However, stay grounded, Operative Words are NEW, START-UP, & FOUNDATION.  When they say things like; scalable, customer-focused, digital services, this is a direct relationship with the new digital Dinar...This only applies to foreign imports and debts and not the domestic economy which will continue to use physical paper currency and payment cards like Qi, Mastercard, and Visa. 

IRAQ & DINAR STATUS EXPLAINED! @DINARREVALUATION #iraqidinar #iqd #iraq #iraqidinarnewstoday2025

 

FRANK26: "22 MILLION CARDS & MORE"

 KTFA

FRANK26: "22 MILLION CARDS & MORE".....F26

Localization of private sector salaries, rapid payment, and collection... Al-Sudani issues banking decisions.

7/7/2025

 

 - Baghdad

 

An Iraqi government source revealed on Monday that the number of bank accounts has reached approximately 20 million, compared to 8 million in 2022, a growth of more than 150%.

The source confirmed, in a press statement received by Shafaq News Agency, that "the digital transformation rate of Iraqi ministries and institutions has increased to approximately 32%, after it was less than 18% in 2022, with a growth rate of 78%."

He pointed out that "the number of bank cards increased to 21-22 million cards (of all types, including credit, debit, and prepaid), up from 16 million cards in 2022, representing a growth rate of 38%." He also noted that the number of point-of-sale devices reached approximately 62,000 devices, up from less than 10,000 devices in 2022, representing a growth rate of up to 520%.

According to a government source, data indicates that the financial inclusion rate in Iraq has reached approximately 40%, up from less than 10% in 2019.

The source noted that the Prime Minister had recently issued a number of future decisions related to a number of important projects in the field of electronic payment, and stressed the need to complete them as soon as possible. These projects include:

- Activation of the local card, which is expected to be completed by the end of 2025.

- Activate the fast payment project.

 - Activating the unified electronic collection application.

- Localizing private sector salaries in line with the government sector.

 - Establishing a unified center for complaints related to electronic payment transactions, headquartered at the National Data Center.

The source expected these projects to be completed in less than a year, stressing that their implementation would contribute to Iraq's advancement to a new level among advanced countries in this field.

LINK

 

WALKINGSTICK: There are a handful of devices protecting the new exchange rate!!

 Walkingstick 

There are a handful of devices protecting the new exchange rate...

two printings in the gazette...12-2C... Council of Ministers...Sudani...Salaries that are being guaranteed to be paid to oil companies past and future...

there's a budget protecting the new exchange rate. 

Chase Bank’s is showing fixed exchange rates of $40 per IQD and $2.51 per VND #iqd #iraq