⚡ EXCELERATE ENERGY CEO: “OUR AGREEMENT PUTS IRAQ ON THE GLOBAL GAS MARKET MAP FOR THE FIRST TIME” 🌍🔥
✨ Highlights:
🇺🇸 Excelerate Energy (U.S.) has officially partnered with the Iraqi government to develop Iraq’s first LNG floating terminal at Khor al-Zubair Port, Basra.
💰 Investment: $450 million — a huge step forward for Iraq’s energy diversification.
🏛️ The signing took place in Prime Minister Mohammed Shia al-Sudani’s office, attended by top U.S. and Iraqi officials, including CEO Stephen Kobus
💬 Kobus: “This represents a long-term commitment to Iraq’s energy future and regional stability.”
🚢 The project includes:
A floating regasification and storage vessel (Hull 3407)
, one of the largest in the world,
Capacity up to 1 billion cubic feet per day,
A five-year gas supply & regasification contract (starting at 250 million cubic feet/day, expandable to 500 million).
🗓️ Commercial operations are planned to begin in 2026, after construction and permits are complete.
🔋 The project will reduce Iraq’s reliance on imported pipeline gas and boost national energy security.
🇮🇶 This partnership marks Iraq’s entry into the global gas market, attracting more American investment into its energy infrastructure.
🚀 Bottom line: This agreement is more than just an energy deal — it’s a strategic milestone linking Iraq to global markets and strengthening ties with the U.S. 💪🇮🇶🇺🇸
🏦 Liquidity crisis: Nearly 90% of issued dinars are still held outside banks. The CBI plans to incentivize citizens to deposit and exchange old notes.
💡 A recent article states the lack of liquidity “will be resolved soon” — possibly linked directly to the redenomination process. 👀
🌍 IRAQ’S WEALTH EXPLOSION — BEYOND OIL!
💎 Silica Sands: Billions of dollars under Iraq’s deserts; potential to rival oil income.
💼 Diversification Drive: Customs, tourism, and the Development Road Project are expanding revenue sources.
🇹🇷 Trade with Türkiye expected to surge to $30 billion, potentially doubling later.
⚙️ WTO integration will open new trade channels and global partnerships.
🏦 Banking Reform: The CBI and Oliver Wyman are reshaping Iraq’s banks to match global standards — the “Arab Bank” opening in Baghdad marks a turning point.
🇮🇶 Iraq is wealthy but healing from decades of corruption. With the GOI, CBI, U.S., and China now aligned, momentum is building fast. The upcoming Nov. 11 elections will be pivotal in determining who leads Iraq’s next phase of growth — and potentially the long-awaited RV path.
👀 The question remains: When will Iraq’s wealth finally reflect in its currency?
No! There is no RV or Reinstatement of the Iraqi dinar yet. Don’t let these intel gurus or internet idiots fool you with their hyped-up sites. They only want your clickity-clicks.
We don’t need rumors or bank stories. We don’t need three letter agency lies. We have FACTS and TRUTH on our side and will let them speak for themselves.
We all should now be VERY familiar with the five (5) main issues that the U.S. has stated must be completed prior to any reinstatement. In case you forgot you can go to my Archives and find the September 16th Newsletter and review. We know the removing of zeros is to be closely followed by the reinstatement, and so once it has started there is almost no turning back. So, go figure why they have not yet been given the green light.
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Well…. I have to add that we should see come movement on the project to remove the zeros this month. Will Iraq begin the swap out of the three zero notes for the lower denominations soon? We read again in the news of the lack of liquidity in the banks as they tell us gain that nearly 90% of issues dinars is outside the banks…still. Just so you know, I was told by my CBI contact that by removing the zeros should bring most of this currency into the banks. I was also told there will be an incentive to do so. We were told in the news from the CBI in connection with the article about removing the zeros, that this issue of lack of liquidity “would be resolved soon”. Really? Folks, this was their words not mine. Why make this statement in an article about removing the zeros if these two events weren’t connected? I don’t know you tell me. One must lead to the other.
So, today’s news brings us yet another article on this subject of lack of liquidity. See article titled “FINANCIAL EXPERT: PEOPLE DO NOT TRUST BANKS AND ARE STORING THEIR MONEY AT HOME.” “Financial expert Mahmoud Daghir revealed on Sunday that the amount of cash held by the public is estimated at around 90 trillion dinars, out of a total money supply of 98 trillion dinars in Iraq”. Folks, I believe they do not want to talk much about the dinar we have outside of Iraq. It could very well amount to very close to a trillion dinars alone. How are they going to retrieve our dinars? This of course is a rhetorical question, as we all know the answer.
😊 I want to spend some time today concentrating on one article in particular. It is titled “A NEW WEALTH TO RIVAL OIL: BILLIONS OF DOLLARS BENEATH THE SANDS OF IRAQ”. Let’s break down this news and look at the impact on Iraq.
First, we know that Iraq has to diversify and get off the sole source of oil revenues. They call this the “rentier economy”. Diversification helps create a stable economy thus STABILITY. Certainly this newly found Silica will help them in the way. But it does no good unless they can sell it and bring it to market. This takes money.
Next, we have learned over many years other sources of revenues too such as Customs and Tariffs and how it could rival the oil revenues but only if it could be controlled and the revenues forwarded to the federal government coffers. Kurdistan just agreed to assist in this effort as part of recent the “tripartite” agreement.
Next, we were told about the massive revenues from the tourist industry such as Holy Sites, restaurants and hotels. This too they told us can almost rival the oil revenues.
Oh… next did I mention the Development Road Project and it’s potential, but this will take more time to develop. Just today however they announced a massive billions of investment money in this project, so it is going to move along quickly now. 😊
Then under the tripartite agreement with Kurdistan, GOI and the oil companies, we learned the Cryan pipeline is also pumping oil again for export and we were told this oil revenue could also double the existing oil revenues. 😊
Then, just in today’s news we learn about the silica find. Global consumption of silica sand reached approximately 479 million tons during 2024, with a value ranging between approximately $14 billion and $72 billion depending on the quality of the sand and the market price. Here the catch with this Silica. Iraq will need a developed country to step in and extract it and bring it to market. Oh… is this also something the US can do? With the Development Road Project, they will also have the means to deliver it. Oh boy, oh boy! Take a peek at the recent news in article titled “IRAQ SIGNS CONTRACTS WITH INTERNATIONAL COMPANIES REGARDING THE DEVELOPMENT ROAD”. 😊
Take a peek at the recent article titled “TÜRKIYE EXPECTS TRADE WITH IRAQ TO RISE TO $30 BILLION”. Turkish Trade Minister Omar Polat revealed on Friday that trade with Iraq will rise to $30 billion in the medium term, against the backdrop of the “rapid expansion” of economic relations between the two countries. This amount could easily double in the coming years.😊
The connection with the World Trade Organization (WTO) and what this too will bring to Iraq for favored trading partners. Again, oh boy, oh boy! 😊
The Central Bank of Iraq identified several key points for the banking reform plan agreed upon with the global company “Oliver Wyman” Take a peek at the recent article titled “CENTRAL BANK: DEVELOPING A “GLOBAL” PLAN TO REFORM IRAQI BANKS IN AGREEMENT WITH OLIVER WYMAN” “Oliver Wyman”, noting that a turning point had been reached with the opening of a branch of the “Arab Bank” in Baghdad, so that banks in Iraq would be no less than the banks of the Emirates and Saudi Arabia. “so that local banks will be at a level comparable to global and regional banks.” 😊
Iraq is filthy rich but remember they suffered from many years of corruption and the lack of desire from the western powers to help them. The good news is they now have leadership from both ends of the spectrum willing to work together, the GOI, the CBI and the western power of the U.S. and even China for that matter. But what about us, yes we are long-term investors in the dinar? Yes, we helped Iraq through difficult times and so when do we get our reward?
The Government of Iraq (GOI) is faced with challenges too. The foremost challenge is the current elections on November 11th. Who will lead Iraq in these efforts. Will they switch to a bozo prime ministers again, like Nori al Maliki or Mustafa Al-Kadhim. I look at these prime ministers as “place holders” doing very little to progress Iraq while the sanctions remained in place and Iraq has to repay billions to Kuwait. Now these sanctions are over, and it is time for Iraq to blossom and it is blossoming.
We know the U.S. wants a part of this Iraqi wealth and Iraq will need a strong partner to help.
One has to wonder where the U.S. was years ago. Why didn’t they get involved sooner? If you recall I talked many times about the lack of US involvement in the Iraqi economy and asked this critical question many times. I also added back then that when the U.S. finally steps up, we will see what we have been waiting for. Now is the time. As evident from the news from Iraq and the U.S. they are now stepping up.
This is easy to understand why Iraq has not moved ahead until now, as there were incompetent U.S. presidents during these early earlier years following the 2003 independence of Iraq. They were not concerned about Iraqi progress but more concerned about filling their own pockets and the pockets of their constituents. This is how these corrupt politicians in the US work. These presidents were also Iranian sympathizers and many even believe that President Obama is a Muslim himself. So go figure why he favored passivity versus actual action in his foreign policy in the middle east, especially with Iranian issues of terrorism. If you want to keep asking what is the holdup of the RV, then go ask these former presidents. They are to blame.
🇮🇶 Massive Cash Hoarding: Out of 98 trillion dinars in Iraq’s cash supply, 88–90 trillion is held by the public — including citizens, merchants, contractors, and industrialists. 💳 Why Not Banks? Iraqis prefer cash over deposits, due to trust issues with banks, cultural habits, and slow adoption of electronic payments. 📉 Negative Impacts: Hoarding reduces the Central Bank’s control over money supply, weakens interest rate tools, and leaves banks short on liquidity. 💡 Economic Consequences: Limited bank funding pushes investors to informal financing, and managing
✨ Iraq’s cash culture is massive — banks and the central bank are watching closely! 💸⚡
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An expert: 90 trillion dinars are hoarded by Iraqis and do not reach the banks.
Financial expert Mahmoud Dagher revealed on Sunday that the amount of cash held by the "public" is estimated at about 90 trillion dinars, out of a total of 98 trillion dinars that is the size of the cash mass in Iraq.
Dagher, who previously served as a director at the Central Bank of Iraq, told Shafaq News Agency that "the volume of issued cash is around 98 trillion dinars, of which 88 to 90 trillion are in the hands of the public."
He added, "The public does not only mean the people, but also the merchants, the contracting companies, and the industrialists," explaining that "Iraqis hoard money instead of depositing it in banks, because our society likes to deal in cash and needs a long time to get used to electronic payment methods, in addition to the lack of trust in banks among some depositors after the setbacks that occurred in the banks."
He pointed out that "all these matters are considered behavioral issues, as people are accustomed to keeping a portion of their money, and so are companies, therefore Iraqis think this way."
According to specialists, this phenomenon has many negative aspects, including that the central bank loses its actual control over the money supply, and that its tools such as the interest rate or rediscount become less effective, while banks suffer from a shortage of liquidity, which weakens their ability to finance projects and pushes investors towards informal financing, in addition to the difficulty of managing inflation due to the money supply not officially circulating, which negatively affects the central bank’s decisions in achieving its main goal, which is to control the general level of prices and achieve stability link
