Monday, July 14, 2025
Russia eyes New Oil Deals in Iraq
Russia eyes new oil deals in Iraq
Russia is actively expanding its oil interests in Iraq, capitalizing on opportunities created by Baghdad's need to modernize its hydrocarbon sector and boost crude exports.
READ ALSO: https://dinarevaluation.blogspot.com/2025/07/mnt-goat-lets-hope-they-finally-take-up.html
In February, Moscow and Baghdad signed four major energy cooperation agreementsand memorandums of understanding, signalling a significant escalation in bilateral energy ties.
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AJ: : "IMF Confirms 1300 Rate Projection, Highlights Shift in Iraq’s Currency System"
AJ
The IMF Comments On Iraqi Dinar Exchang Rate
Thank you CryptoTN
He Just sent me this from the IMF. And for thoes that do not think the Parallel Market matters, read what the IMF wrote.
And regarding the exchange rate, they wouldn’t post a new rate publicly 1st.
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.
READ ALSO: https://dinarevaluation.blogspot.com/2025/07/goldilocks-central-bank-of-iraq-cbi.html
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."
Iraq "Exempt from US Tariffs on Oil Exports"
The Ministry of Trade has confirmed that Iraq's oil exports to the United States will not be affected by the newly announced 30-percent U.S. tariff, which was introduced by President Donald Trump to address the trade deficit with Iraq.
READ ALSO: https://dinarevaluation.blogspot.com/2025/07/trumps-tax-hits-iraqs-economy-hard-3.html
Trade Ministry spokesperson Mohammed Hanoun said that oil exports are exempt from the new duties, meaning the majority of Iraq's exports to the U.S. remain unaffected.
According to the state-run Iraqi News Agency (INA), Hanoun said that non-oil exports from Iraq to the U.S. are currently minimal, and any impact from the tariffs would be indirect-mainly through potential downward pressure on global oil prices, which could affect government revenues.
(Source: INA)
MILITIAMAN: "Signs of Readiness: Iraq Aligns with the Global Financial System"
Militia Man
Let's see what happens this weekend ...The progression and the convergences...are showing signs of Iraq is truly getting ready and probably now has the ability to integrate into the financial system.
We just have to watch and see what they show and tell us. I'll be looking forward to waking up...on Monday morning with some good news. We'll see.
The citizens have a national card for internal use in dinar. That's just like us in the United States. When you go buy a candy bar you buy some M&M's what do you spend? You spend dollars.. ..
These cards they use are reducing the note count which IMV...is something that will benefit in a time of a redenomination or a revaluation.
I think in this particular case we're going to see something to the effect of drop the three zeros and then they will apply a real effective exchange rate.
๐ฎ๐ถ ARTICLE 140: STILL VALID, STILL WAITING FOR IMPLEMENTATION
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