RAFIDAIN BANK INCREASES ELECTRONIC TAX SETTLEMENTS TO MORE THAN 4 TRILLION DINARS DURING THE FIRST HALF OF 2025

RAFIDAIN BANK INCREASES ELECTRONIC TAX SETTLEMENTS TO MORE THAN 4 TRILLION DINARS DURING THE FIRST HALF OF 2025.

Rafidain Bank announced today, Thursday, that electronic collection settlements exceeded 4 trillion dinars during the first half of 2025, compared to approximately 1.89 trillion dinars during the same period in 2024, reflecting an annual growth rate of nearly 113%.

Read also: WHAT RECENT MEASURES IRAQ HAS TAKEN TO REINFORCE THE VALUE OF THE IRAQI DINAR?!

A statement from the bank, a copy of which was received by {Euphrates News}, stated: “Data from the Electronic Collection Settlements Department showed an expansion in the number of government agencies activating the system from 1,395 by the end of January 2024 to 1,979 by the end of June 2025, which directly contributed to the increase in the pace of electronic collection.”

He added, “May 2025 recorded the highest monthly settlement value, at 761 billion dinars, compared to 571 billion dinars in May 2024, confirming the improved operational efficiency of the system and the strengthening of government institutions’ confidence in the electronic payment services provided by the bank.”

The bank explained that “this performance falls within its comprehensive strategy to support the government’s digital transformation program and enhance collection efficiency and public revenues, while adhering to the highest standards of transparency and financial governance, in line with official directives aimed at building an integrated and effective financial system.”

FIREFLY: "New U.S. Trade Map Signals Pressure on Iraq to Drop 1310 Exchange Rate"

 Frank26   

[Iraq boots-on-the-ground report]   

FIREFLY:Television says America's new trade map is now open to Iraq. 

 FRANK: You know what the map contains?  A new exchange rate.  You think Trump wants to trade with you guys at 1310?  No. 

 He put tariffs on you instead didn't he?  Which tells you, 

Read also: AJ : IRAQ's PARALLEL MARKET, PART . 1: "Iraq’s Parallel Market & Currency Reform: Why Unifying Exchange Rates Is Crucial"

'I don't want that garbage.  Get rid of your 1310, I get rid of the 30%.  You don't get rid of the 1310 by the end of this month, I'm going to go with 60%.' 

 That's not good is it?  Yes it is!  The pressure not just on Sudani but the GOI, CBI, everybody that's behind the monetary reform.

MARKZ RECAP: "Big Moves Brewing: ISO 20022 Launch, Iraq Under Pressure, and Silver Set to Soar!"#iqd

 

THE TWO RULING PARTIES IN KURDISTAN ISSUE A JOINT STATEMENT REGARDING THE SALARIES OF THE REGION’S EMPLOYEES

 THE TWO RULING PARTIES IN KURDISTAN ISSUE A JOINT STATEMENT REGARDING THE SALARIES OF THE REGION’S EMPLOYEES.

The two ruling parties in the Kurdistan Democratic Region, led by Masoud Barzani, and the Patriotic Union of Kurdistan, headed by Bafel Talabani, held a meeting on Tuesday, during which they agreed to continue negotiations and dialogue to resolve the issue of employee salaries and other issues .

A joint statement by the two parties, received by Mail, stated, “After discussion and analysis of the political, economic, and social dimensions, the two sides agreed to intensify efforts to resolve the problem and provide salaries to employees of the Kurdistan Region, within the framework of the constitution, through joint cooperation between the two sides .

Read also: FRANK26 UPDATE: "SUDANI TAKES FULL CONTROL!!!"

”

He added, “Another part of the meeting was devoted to discussing strengthening relations between the Democratic Party and the Patriotic Union of Kurdistan, to overcome challenges and obstacles, and to protect the entity of the Kurdistan Region and its achievements.

The attendees stressed the “need for unified positions between Kurdish and Iraqi political parties to overcome and resolve this problem.”

(Yes, yes more meetings and more handshakes. How many more…… We have read so many of these dialogues over the last two decades, yet the same issues keep coming up creating problems over and over again because what must be done is not really completed. In today’s Newsletter, I give you a different perspective on things in Iraq and attempt to connect the pieces once again so we can all see the BIG picture.)

GINGER: T3 Movement Expected Tomorrow – Update from Across the Pond

 GINGER

 Attention Passengers Flying Freedom Flight GLL117 ✈️ with Destination Oasis 🏖️🌴💦. Co-Pilot Ginger has an update from her friend across the pond. 7.13.25 

🌴 My key contacts explained intel points which indicate a White Water Rafting Adventure 💦🏖️🌴 to occur tomorrow 7.14.25 for us - T3 massive movement.  (I don’t know if it’s my time or your US time).

Read also: GINGER: TNT UPDATE: There is an announcement to be made in the next 4 hours that will CHANGE THE RATE TO 3.47!!

I will know more tomorrow morning and keep you informed. Regards.... 

~ The Friend Across The Pond ☺️

MNT GOAT: Using the Dinar for Imports Will Boost Its Value"

 

FRANK26: "YES SALEH... BUT NOT AT 1310"

 KTFA

FRANK26: "YES SALEH... BUT NOT AT 1310"........F26

Government advisor: US President's message conveys optimism about developing trade and investment relations

7/10/2025

Baghdad -  Nassar Al-Hajj

 

The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Thursday that Iraq's crude oil exports are exempt from US customs duties. He also noted that the US president's message regarding the imposition 

of a 30 percent customs duty on Iraq is optimistic and serves to develop and encourage trade and investment opportunities between the two friendly countries.

 

Saleh told the Iraqi News Agency (INA): "The US president's message regarding the imposition of a 30 percent customs duty on Iraq is optimistic and serves to develop and encourage opportunities for trade and investment relations between the two friendly countries."

He added, "Apart from Iraq's crude oil exports, which do not exceed 200,000 barrels per day and are worth approximately $4.5 billion annually (and are already exempt from President Trump's tariff list), there are no other actual Iraqi exports to the United States that merit the 30 percent tariff imposed on them, as the US president indicated 

Read also: FRANK26: "1310 IS NOT A COMPREHENSIVE BANKING REFORM!!!"

in his letter to the Iraqi government."

He continued: "On the contrary, there are Iraqi civilian imports, some of which are strategic and important, from the United States to Iraq, but these imports do not exceed $1.5 billion annually. These imports include spare parts, precision instruments, engineering and electrical equipment, civil aircraft, digital equipment, high-level logistics services, some exported agricultural goods, and currently cars to Iraq. These imports are popular and accepted in the Iraqi market due to their durability and technological advancement."

Saleh pointed out that "the White House's message to the Iraqi government is a signal to open broader horizons for trade, economic, and investment cooperation through the window of encouraging the import of American goods. This requires a sustainable and stable process in developing quality imports from a friendly country that aligns with our country's interests in sustainable development, particularly in the fields of renewable energy, information technology, and high-

quality consumer goods."

He pointed out that "this contributes to making the trade balance between the two countries balanced, in line with the diversification of the national economy's activities with proportionate payments, without neglecting the fact that Iraq invests nearly half of its investment portfolio of foreign reserves in US government bonds, and represents one of the strongest indicators of the strength of the effectiveness and indicators of the financial account of the balance of payments, its stability and its encouraging positive growth between the two countries, and the role of the United States in managing financial cooperation for these important resources that contribute to the future stability of the interests of the two friendly parties."

LINK