Friday, August 1, 2025

🛢️💰 Oil & Salaries: Kurdistan Region Faces Challenges Amid Oil Export Talks

🛢️💰 Oil & Salaries: Kurdistan Region Faces Challenges Amid Oil Export Talks

  • ⚠️ Iraqi government hesitant to send KRG salaries; may impact oil export resumption.

  • ❓ Timing for June salaries remains uncertain due to ongoing negotiations.

  • 🤝 KRG expected to resume oil exports via SOMO as per agreement, but no set date yet.

  • 🚁 Security risks: Oil fields in Kurdistan under drone attacks, complicating exports.

  • 📅 On July 17, Iraqi Council of Ministers approved sending May salaries to KRG employees soon.

  • 🔄 Overall, exporting Kurdistan oil remains difficult despite partial progress in agreements.

 

OIL, REVENUES AND OIL PROVIDE THE REGION’S SALARIES

The issue of resuming oil exports from the Kurdistan Region is one of the conditions

The Iraqi government is not easy to send the salaries of the Kurdistan Regional Government (KRG) and it is unclear whether it will create problems for the resumption of oil exports, a member of the Finance Committee said They are bad and dangerous, which affects oil exports.”

The timing of the June salary is unknown

Jamal Kochar, a member of the Finance Committee of the Iraqi Parliament, told PUKMEDIA: “According to the agreement between the two governments, the Kurdistan Regional Government should resume oil exports through SOMO.

“We have no accurate information to export oil from the Kurdistan Region on a specific date, while the negotiations between the two sides on the issue of oil exports and salaries are constantly changing There is a monthly amount of 120 billion dinars for Iraq,” Kochar said.

“If the Kurdistan Regional Government adheres to the agreement with the Iraqi government, there is no problem in sending the June salary, but we can not determine the date of sending the June salary,” he said.

Re-exporting the region’s oil is not easy at the moment

Bahjat Ahmad, an expert in the field of oil and energy, told the official website of the Kurdistan National Union (KNU) PUKMEDIA: “The agreement between the two governments, although several points have been implemented, but exporting oil is not easy.”

“The security situation in all the oil fields in the Kurdistan Region is bad and they are in danger and they are constantly attacked by drones, which makes it difficult to export oil from the Kurdistan Region and it takes time,” Bahjat Ahmad said.

On July 17, 2025, the Iraqi Council of Ministers approved a new agreement with the Kurdistan Regional Government (KRG) to send the May salaries to the Kurdistan Region Kurdistan Regional Government (KRG) salaried employees in the near future.

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MNT GOAT: ⏳ RV Reality Check – It’s Not About Article 12, It’s About Economics 💼, PART. 4

🇮🇶 Iraq’s Financial Transformation: Debt, Investment & Dinar Reset – Highlights

💳 Iraq Settles 87% of Foreign Debt!

  • 🏦 Rafidain Bank announces a major achievement: 87% of Iraq’s external debt is now settled.

  • ✍️ This was done through strategic negotiations with international creditors (notably Dutch and French firms).

  • ✅ Backed by Cabinet Resolution 403 (2025), this drastically improves Iraq’s debt-to-reserve ratio.

  • 💰 Iraq now has massive reserves, minimal debt, and a growing GDP — yet the dinar remains undervalued at 1/6 of a penny.

🛡️ Sovereign Guarantees Program Activated

  • 🏗️ The Ministry of Finance & National Bank of Iraq signed an agreement to launch the Sovereign Guarantees Program.

  • 🎯 Goal: Boost private sector growth, attract foreign investment, and offer credit guarantees for major national projects.

  • 🏭 Supports Iraq’s industrial development and builds on completed White Paper banking reforms.

  • 🌍 This will reduce risk for international lenders and create a welcoming environment for global investors.

🔄 Dinar Reinstatement Tied to Larger Global Reset

  • 🛑 Iraq cannot reinstate the dinar on a sole USD peg — it needs a currency basket backed by real value.

  • 🏛️ A global financial restructuring is underway, linked to:

    • 🏦 Reforms at the Federal Reserve and IRS in the U.S.

    • ⚖️ Movement toward a gold-backed dollar and fair trade policies.

    • 🔁 Ending reliance on the petro-dollar system.

  • 🇺🇸 According to the post, Trump’s administration is playing "economic chess" — aligning trade, manufacturing, and monetary policy for a broader reset.

🙏 Spiritual & Political Dimensions

  • ✝️ The writer emphasizes the spiritual and prophetic elements behind this reset.

  • 🕊️ It’s not just about currency — it’s about God’s timing, prophecy, and global change.

  • 🗣️ The question posed: "Do you have the guts to wait it out?"

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🚀 DINAR REVALUATION UPDATE: “Iraq’s Currency Surge Incoming – XRP Could Be Next Big Winner! 💸🔥” #IQD #Crypto

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🚨⚠️ E3 (UK, France & Germany) Ready to Trigger JCPOA Snapback on Iran by August 2025!

🚨⚠️ E3 (UK, France & Germany) Ready to Trigger JCPOA Snapback on Iran by August 2025!

  • 🇬🇧🇫🇷🇩🇪 The E3 warn Iran: Fail to progress on the nuclear deal by end of August → UN sanctions snapback triggered.

  • 🎯 E3 demand a broader deal including limits on Iran’s ballistic missile program and destabilizing regional activities.

  • 🚫 Iran refuses to negotiate over its missile program, viewing it as vital defense and deterrence.

  • 🇮🇱 US & Israeli strikes have set back Iran’s nuclear weapons program, destroying key facilities and killing scientists.

  • 🔬 Iran now estimated to need 1-2 years to build a deliverable nuclear weapon, assuming no detection.

  • 💥 Israeli strikes destroyed uranium enrichment and storage sites, crippling Iran’s nuclear capacity.

  • 🛡️ Iran faces internal security challenges that may limit military rebuilding post Israel-Iran conflict.

  • 🇮🇶 Iran’s IRGC leader met Iraqi Shia leaders to secure influence ahead of Nov 2025 elections.

  • 🇸🇾 Syria plans parliamentary elections in Sept 2025, but parliament will remain under executive control.

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MNT GOAT: ⏳ RV Reality Check – It’s Not About Article 12, It’s About Economics 💼, PART. 3

📌 Iraq Highlights – Digital Shift, Oil Issues & Law Progress – August 2025

💳 Digital Payments Help Stabilize the Dinar

  • PM Advisor Saleh confirms that Iraq’s expansion of electronic transactions is reducing speculation and unreal demand for the dollar.

  • Less cash trading in USD is leading to a stronger dinar on the parallel market.

  • Digital tools are playing a 

    critical role in increasing transparency and limiting black-market manipulation.

🛢️  Oil & Salaries Crisis in Kurdistan Continues

  • Despite payment of May salaries, no oil is yet flowing through SOMO from Kurdistan.

  • The delay is blamed on drone attacks and security risks in oil fields, making exports unstable.

  • This underscores the ongoing need for security and stability before Iraq can proceed to the next economic phase.

⚖️ Oil & Gas Law: Real Progress at Last?

  • A new interim agreement between Baghdad and Erbil is being hailed as the first real step in decades toward the long-awaited Oil and Gas Law.

  • Leader Ahmed Al-Harki says the deal is a sign of restored trust and could finally lead to Parliament approvalof the law.

  • This law is crucial for Iraq’s long-term economic balance and revenue sharing.

✅ Final Note: Iraq Has Almost No Outstanding Debt

  • A quiet but powerful point: Iraq is now nearly debt-free — a strong foundation for future reforms and investor confidence.

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💥 DINAR REVALUATION ALERT: “Iraqi Dinar Set to Soar – XRP Ready to Catch the Boost! 🚀🌊” #IQD #Crypto

 


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📉💳 How Electronic Transformation Is Driving Down the Dollar Exchange Rate in Iraq

📉💳 How Electronic Transformation Is Driving Down the Dollar Exchange Rate in Iraq

  • The Prime Minister’s financial advisor, Mazhar Mohammed Saleh, confirmed that the growth of electronic transactions is reducing speculation and unrealistic demand for the dollar, lowering its price on the parallel market.

  • 📲 Increased use of bank cards and digital payments has cut down cash dollar trading and improved control through pre-verification of transactions.

  • 🌍 Iraq’s digital progress boosts compliance with international financial standards (FATF/MENAFATF), improving credit ratings and relations with global banks.

  • 💡 The government’s digital transformation includes automating taxes/customs, digitizing contracts, and increasing transparency to fight corruption.

  • 🚀 Support for digital entrepreneurship and tech startups  in AI, e-commerce, smart agriculture, and solar energy is growing.

  • 📊 Iraq is moving toward a data and knowledge economy with AI-driven planning, national data centers, and improved internet infrastructure.

  • 🔮 These advances promise more sustainable jobs, lower costs, and higher economic productivity in Iraq’s digital future.

WHAT IS THE RELATIONSHIP BETWEEN THE ELECTRONIC TRANSFORMATION AND THE DECLINE IN THE EXCHANGE RATE? AN IMPORTANT GOVERNMENT CLARIFICATION.

The Prime Minister’s financial advisor, Mazhar Mohammed Saleh, confirmed on Tuesday that the expansion of electronic transactions has contributed to reducing speculation and unreal demand for the dollar, which has lowered its price on the parallel market. He also noted that the reliance on digital payment tools has led to a decline in the volume of cash dollar trading.

Saleh said, “The expansion of the use of bank cards and electronic transactions has contributed to reducing speculation and unrealistic demand for the dollar, especially after linking transfers and trade finance operations to digital data and pre-verification of documents, such as the advance customs declaration.” He explained that “citizens’ reliance on digital payment tools, both domestically and during international travel, has led to a decline in the volume of dollar cash transactions outside the official system.”

Saleh explained that “this has begun to have positive impacts at the international level, given Iraq’s membership in the Middle East and North Africa Financial Action Task Force (MENAFATF), a regional organization established in 2004 that works to combat money laundering, terrorist financing, and the proliferation of weapons in the region, in line with the forty recommendations issued by the Financial Action Task Force (FATF) in Paris.”

He pointed out that “Iraq, through its digital advancements, has made tangible progress, particularly with enhanced compliance with the requirements of the Financial Action Task Force and international compliance practices. This has positively impacted Iraq’s current stable credit ratings and opened up broader horizons for better engagement with global correspondent banks, as we can see from the decline in the dollar exchange rate against the official rate in the parallel market in recent months.”

He emphasized that “modern electronic technology can be leveraged in Iraq through three complementary paths, the most important of which, based on the government’s program, is the digital transformation of public finances and economic governance, which includes several directions, including: automating taxes and customs to maximize non-oil revenues, digitizing government contracts, and distributing support to eligible groups, in addition to enhancing transparency and combating corruption through the presence of a digital fingerprint for every transaction.”

Regarding innovation and small business technology, Saleh noted that “digital technology development paths are taking on more modern dimensions, most notably supporting digital entrepreneurship, such as e-commerce, delivery apps, distance learning, and others. This is in addition to funding startups in the fields of artificial intelligence, smart agriculture, and solar energy, in addition to building digital platforms for vocational training and market access.”

He added, “There is a trend toward transitioning to a data and knowledge economy in close conjunction, through the establishment of national data centers, the use of artificial intelligence in planning, and the enhancement of internet infrastructure and the achievement of equitable access to it in accordance with global standards for digital justice. We also emphasize the importance of supporting the higher education sector in digital and technical specializations.”

He pointed out that “these trends will undoubtedly contribute to creating sustainable jobs, reducing operating costs, and increasing the productivity of the national economy in a promising digital era for Iraq.“



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