Saturday, July 12, 2025
Customs: Five Transit Flights Successfully Passed Through Iraq Under The TIR Agreement
Customs: Five Transit Flights Successfully Passed Through Iraq Under The TIR Agreement.
Yesterday, 15:44 Baghdad - INA - Mohammed Al-Talibi The General Authority of Customs announced today, Wednesday, the successful passage of five transit flights through Iraq in accordance with the TIR Agreement, while indicating that all land transit ports have been approved by the International Road Transport Union.
The Director of Transit at the General Authority of Customs, Ihab Talib Khalifa, told the Iraqi News Agency (INA): "The electronic lock system was applied to nine experimental flights coming from Umm Qasr towards the dry port," indicating that
"the monitoring was for drug shipments after the issuance of a decision to monitor drug shipments
from their entry into the country until their arrival at the dry port affiliated with the Central Region Directorate in Baghdad at the General Authority of Customs." https://www.youtube.com/@DINARREVALUATION/shorts
He explained that "the shipments were tracked using a GPS system installed on an electronic lock that secures the container," noting that
"the purpose of this matter is to limit smuggling and ensure the safe arrival of drug shipments for distribution, and to activate the role of oversight under the direction of the
Director General of the General Authority of Customs, as we are about to introduce and track other types of shipments, including chemicals."
He continued, "The transit issue has been activated and the international TIR agreement has been implemented.
Five successful flights were received and reached their destination country by passing through Iraq,which was the transit corridor." He emphasized, "This work will continue to enhance Iraq's role in international trade, as well as Iraq's strategic regional location.
Work on development is also ongoing."
He explained that "through purely Iraqi efforts, and with the cooperation and logistical support provided by the Border Ports Authority from a technical standpoint, the National Data Center affiliated with the General Secretariat of the Council of Ministers, and the support of all officials, all land transit ports have been submitted to the International Road Transport Union, and all of them receive transit trucks, in addition to the ports designated for the entry of pharmaceutical shipments at the present time."
He pointed out that "the TIR system will expand in the near future, stage by stage, to include shipments of chemical materials." https://ina.iq/ar/economie/238237-.html
FRANK26: Everything is really good right now!!
Frank26
Everything is really good right now. Everything is moving quickly...in the right direction.
It's like when you catch the wave surfing ...You're looking...looking.. .then all of a sudden...you find the right sweet spot and you ride it the rest of the way to the beach. That's the way I feel right now.
This monetary reform investment of ours, I feel like it's smooth sailing to the beach right now...
Iraq’s Oil Reserves Surpass 145 Billion Barrels
Iraq’s Oil Reserves Surpass 145 Billion Barrels
Iraq Amr Salem July 10, 2025 97 The Iraqi Minister of Oil, Hayan Abdul-Ghani, and other officials during their participation in the 9th OPEC International Seminar in Vienna, Austria.
Baghdad (IraqiNews.com) – The most recent figures for Iraq’s oil and gas reserves were publicly presented as part of the Iraqi government’s efforts to draw international investment to develop its hydrocarbon resources and play an important role in global energy markets.
During the 9th OPEC International Seminar in Vienna, the Austrian capital, Iraqi Oil Minister Hayan Abdul-Ghani announced that Iraq’s proven reserves exceed 145 billion barrels of oil and over 132 trillion cubic feet of natural gas.
Iraq’s oil and gas deposits represent untapped energy potential, and they provide
Iraq with an opportunity to play a critical role in maintaining the world’s energy stability, according to Abdul-Ghani.
Abdul-Ghani stressed that guaranteeing energy security in the next years will need a firm commitment from governments to support all sorts of energy projects.
Fossil fuels continue to be a key element in meeting the world’s growing energy demand,
as well as a critical driver for supporting infrastructure expansion and clean and sustainable energy projects, particularly in developing countries that require economic assistance to develop critical sectors such as health, education, and basic services.
Abdul-Ghani stressed that ongoing investment in oil and gas production projects is critical to ensuring global energy stability and inclusive economic growth.
The current level of investment does not match predicted demand,
particularly given the continued growing population globally and the ongoing industrial expansion.
The Iraqi oil minister urged governments to provide adequate financing to achieve an equilibrium in securing supplies from traditional energy sources like oil and gas and investing in sustainable energy.
Additionally, Abdul-Ghani recommended setting up shared sovereign funds, a risk guarantee scheme, and tax breaks to encourage private investment in energy projects. https://www.iraqinews.com/iraq/iraqs-oil-reserves-surpass-145-billion-barrels/
GOLDILOCKS: The Central Bank of Iraq (CBI) shares current official Iraqi Dinar exchange rate!!
GOLDILOCKS: The Central Bank of Iraq (CBI) shares current official Iraqi Dinar exchange rate
"The Executive Board of the International Monetary Fund (IMF) issued a statement on Wednesday (9th July) following the conclusion of its Article IV consultation with Iraq.
It projects an average exchange rate (dinar per US$) in each of 2025 and 2026 of 1300, the same as for 2024, adding:"
"The CBI [Central Bank of Iraq] should be commended for the successful transition to the new trade finance system now fully managed by commercial banks through their CBRs, contributing to a reduction in the spread between the official and parallel market exchange rates."
(While commercial banks don't directly set official exchange rates, they can significantly influence them through their trading activities in the foreign exchange market.
Their buying and selling of currencies, driven by customer demand and their own trading strategies, impacts the supply and demand dynamics that ultimately determine the exchange rate).
The transition to the new trade finance system in Iraq is closely linked to the adoption of new digital trade mechanisms.
The transition to the new trade finance system in Iraq involves implementing more digital and internationally compliant mechanisms for trade finance, primarily handled by commercial banks, as part of the country's push towards greater digitalization of its financial sector.
This is a step into the right direction we need to see for Iraq. I am aware they are going to use CBDC for their trade token per CBI contact (boots inside the CBI Tower). 
There is a strong global trend towards Central Bank Digital Currencies (CBDCs), with a growing number of countries actively exploring, piloting, and even launching their own digital currencies.
While the United States remains undecided about a domestic CBDC, it is engaging in wholesale cross-border payment research.
If a particular country's CBDC gains significant traction in international trade, it could strengthen that currency's international role and potentially lead to its appreciation against others, according to santander.com.
This might not necessarily "level the playing field," but rather shift the balance of power between different currencies.
Are you watching the water yet
© Goldilocks
santander.com/en/press-room/
iraq-businessnews.com/2025/07/09/imf
iraqinews.com/iraq/imf-prais.
atlanticcouncil.org/cbdctracker/
Subscribe to:
Comments (Atom)
HOLLY CELIANO & CHRIS UPDATES: Weekly Wrap Up & Latest Nesara Gesara Updates April 17th 2026
Read also: Bank appointment for Currency EXCHANGE Instructions/Checklist
