FRANK26: "1 TO 1 HERE WE COME!!!"

 KTFA

FRANK26: "1 TO 1 HERE WE COME!!!"......F26

Government advisor: Three factors have stripped the parallel exchange market of its price influence and diversified our financial reserves.

 

  
7/7/2025
 

The Prime Minister's economic advisor, Mazhar Mohammed Salih, confirmed that the stability of the price structure and the decline in annual inflation rates in Iraq are the result of the success of three integrated economic policies that worked in a coordinated manner within the framework of the state's general economic policy.

 

Saleh told Al Furat News that "the fiscal policy has contributed significantly to supporting prices through the general budget, whose expenditures constitute more than 13% of the gross domestic product," noting that "this support has been reflected in expanding social safety nets through food baskets, fuel price subsidies, and support for farmers, in addition to providing wide-ranging government services."
He added, "Monetary policy, in turn, has achieved tangible success in maintaining the external value of the dinar by controlling domestic liquidity levels through the introduction of electronic payment systems and increasing demand for foreign currency at local banks via their correspondents abroad. This has contributed to reducing financial transfer times and implementing compliance rules related to money movement risks."
Saleh pointed out that "the third of these policies was price defense through the establishment of a hybrid market network, which provided a wide supply of goods at stable prices and directly impacted the local market by creating price competition that reduced opportunities for speculation. As a result of these three factors, the effects of the parallel exchange market (the black market) were neutralized, especially with regard to generating inflationary expectations, the effects of which gradually faded," he said.
He explained that "there are commodity stocks available to the state and the private sector, some of which have a shelf life of three to five years, particularly with regard to spare parts and durable goods, which enhances market stability in the medium term."

Regarding the increase in gold reserves, Saleh explained that "this is a successful monetary policy tool for diversifying Iraq's foreign reserves portfolio," noting that "gold represents a safe haven against fluctuations in global exchange rates and interest rates." He added that "this diversification, which includes various foreign currencies and monetary gold, is based on precise international standards to protect the country's assets from value fluctuations between currencies."

Regarding the impact of OPEC+ decisions, Saleh emphasized that "Iraq is part of the international consensus within the organization regarding oil production levels, and that the national oil policy enjoys significant flexibility that enables it to maintain export levels within Iraq's quota, thus mitigating the impact of lower oil prices on public revenues."

In this context, he noted that "Triennial Budget Law No. 13 of 2023 includes flexible financial tools to address any emergency gaps through the possibility of resorting to bridge borrowing from the local financial market, supported by a monetary policy that provides sustainable liquidity through open market instruments, in accordance with the provisions of the Central Bank of Iraq Law No. 56 of 2004."

The advisor concluded his remarks by emphasizing that "the economic stability Iraq is witnessing today is the result of the integration of fiscal, monetary, and pricing policies into a unified framework that promotes sustainable development and supports the implementation of the government's program and comprehensive economic reforms."

Raghad

LINK

TIDBIT FROM MARKZ: Banking contacts think we are very close !!

 MarkZ   

[via PDK] ...Banking contacts think we are very close - just waiting on a final agreement…but believe it is very close. 

Our regular article from Saleh: “Advisor to the Prime Minister: Monetary Policy has succeeded in stabilizing prices and curbing inflation”  He says “We are in great shape.”

Article:  “The coming hours may witness the signing”  This is about the Erbil/Baghdad oil agreements . There is a lot of back and forth right now.

 But articles are saying they have worked through the issues and signing is imminent. We saw this same kind of back and forth in Kuwait. 

FRANK26: "SUDANI TAKES FULL CONTROL OF IRAQ'S OIL!!!"

 KTFA

FRANK26: "SUDANI TAKES FULL CONTROL OF IRAQ'S OIL!!!".........F26

Shafaq News publishes the text of the Baghdad and Erbil agreement papers on revenues and salaries.

7/8/2025

 

 - Baghdad

Shafaq News Agency publishes the text of the two agreement papers between the governments of Baghdad and Erbil, which were discussed by the Iraqi Council of Ministers during its session held today, Tuesday. The agreement is part of efforts to resolve outstanding financial issues between the two parties, particularly those related to revenues and expenditures under the federal budget law.

A delegation from the Kurdistan Regional Government arrived in Baghdad on Monday for the second time in two weeks, carrying the region's response to the proposals recently presented by the federal government. This is a prelude to direct negotiations on the proposals, amid expectations that a vote on the final version of the agreement will be held during the cabinet session.

According to a Shafaq News Agency correspondent, the two papers include details regarding the region's transfer of its oil and non-oil revenues, as well as the organization and localization of its employees' salaries, in compliance with Federal Court rulings and the General Budget Law.

Earlier today, the Prime Minister's media office announced that Mohammed Shia al-Sudani had directed the formation of a committee headed by the Deputy Prime Minister and Minister of Planning, and including the Ministers of Construction and Housing, Higher Education, Justice, and Health, to discuss the two papers with relevant authorities in both governments.

The committee is scheduled to submit its recommendations to the Cabinet for an appropriate decision as soon as possible.

KRG NOTIFICATION : WE WILL ALLOW BAGHDAD 48 HOURS TO MAKE A DECISIION REGARDING THE ISSUE OF FUNDING THE KURDISTAN!!

The KRG has notified the US that they will only allow Baghdad 48 hours to make a decision regarding the issue of funding the Kurdistan

Region's civil servant employees salaries, The New Region has learned

Erbil informed Washington of alternative options they will have to pursue should this deadline not be met!!!

IRAQI BANK FRIEND AKI UPDATE: I have to go back because we're waiting for the new rate!! #iqd

 

Iraq strengthens US ties to harness energy potential

 Shafaq News – Baghdad

As Iraq faces regional turbulence and the growing influence of foreign powers, the country is moving decisively to align its internal development goals with strategic partnerships, most notably with the United States.

 This alignment centers on energy reform and national stability, key themes that are shaping Baghdad’s foreign policy and economic priorities.

According to Atalayar Magazine, Baghdad has reoriented its relationship with Washington, driven by a dual imperative: to secure a reliable energy supply and strengthen its internal stability. 

This mutual rapprochement allows Iraq to move towards greater energy and political independence, while for Washington, it represents an opportunity to counter the regional influence of Iran and China.

To continue reading, click here

ADAM STEPHENS UPDATE

 ADAM STEPHENS

Hi Everyone, 

Questions regarding Wise.... 

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They are going to be a very powerful player as a National Trust Bank. That news was amazing to see when we got it. 

I've been on several conference calls this morning. Hoping to see some amazing things happen here today and this evening. Events have been happening. 

Wolverines news about the Pentacostal group, and our friend Mr. Savage sharing his information is beyond words powerful. The Pentacostal group is Trigger #1. The RV is now underway. 

Now... I've Said it before, take a few minutes and make sure that you have all of the information and items you will need for your Redemption Center appointment. Be prepared. Don't be caught going and not being ready. 

The future will be amazing for those of us who are ready. 

Adam Stephens