Oil: Oil Exports Reached 106.6 Million Barrels In November, With Revenues Exceeding $6.6 Billion.
Economy | 06:12 - 25/12/2025 Mawazin News – Economy The Iraqi Ministry of Oil announced the final statistics for crude oil exports, including condensates, on Thursday, December 25, along with the cash revenues generated for November 2025, according to data from the Iraqi State Oil Marketing Company (SOMO).
Total exports reached 106,593,352 barrels, generating revenues exceeding $6,595,391,000. The detailed statistics provided further information on production sources and export destinations as follows:
- 98,709,795 barrels from fields in central and southern Iraq.
- 7,583,733 barrels from the Kurdistan Region via the Turkish port of Ceyhan. - 299,824 barrels to Jordan.
The Ministry affirmed its commitment to publishing these figures monthly, based on its belief in the importance of informing the public about export operations to enhance transparency.
Iraq's average daily oil exports in August reached 3.38 million barrels, according to the Ministry of Oil. The head of Iraq's state oil marketing company SOMO said on Saturday that average oil exports for September are expected to range between 3.4 and 3.45 million barrels per day. OPEC counts oil flows from the Kurdistan Region as part of Iraq's quota. https://www.mawazin.net/Details.aspx?jimare=272013
A severely undervalued currency does not support this scale of investment efficiently.
3. Iraq Is Positioning Itself as a Regional Financial Player
With:
Expanding oil revenues
Rising international trade
Increasing foreign direct investment
Iraq is signaling readiness for a modernized exchange rate framework.
How This Fits With Other Iraq Signals
When you align MarkZ’s statement with broader developments, a pattern emerges:
CBI monetary reform discussions
Lower denomination preparation
Government and security stabilization
Major international banking participation
Each element reinforces the narrative of currency recalibration, not stagnation.
Q&A: MarkZ and the Iraqi Dinar
Q: Is MarkZ guaranteeing a $3+ dinar rate? A: No. MarkZ clearly states this as his belief, not a guarantee.
Q: Why does the European bank investment matter? A: Because global banks only invest where they see stability, return, and reduced currency risk.
Q: Does this mean Iraq is already “safe and stable”? A: From an institutional investment perspective, Iraq is increasingly being treated that way.
Q: Can a currency revalue without global confidence? A: No. Global banking confidence is a prerequisite—and this deal strongly supports it.
Featured Snippet Highlights
“MarkZ believes the Iraqi dinar rate will be over $3 as global banks confirm Iraq’s stability.”
“A $100 million European financing deal signals international confidence in Iraq’s financial future.”
Strategic Insight for Investors
This update is not about hype—it’s about validation.
When a European development bank commits $100 million, it confirms that Iraq is no longer viewed as speculative chaos, but as a structured, investable economy.
Whether the rate lands above $3 or not, the direction is clear: ➡️ Iraq is being priced for stability, not survival.
[via PDK] Question: will the dinar rate be over $3? MarkZ: I believe the dinar rate will be over $3.
Article: “National Bank of Iraq receives $100 million in financing from the European Bank from reconstruction and development”
If you are looking for someone to put an exclamation mark on the phrase “safe and stable” …here you go. This is not a company to roll the dice investing. They believe Iraq is a safe and stable and attractive investment atmosphere.
Planning: The Quality Control Apparatus Has Become Part Of The Global Control System.
Local | 12:34 - 26/12/2025 Mawazin News – Baghdad The Ministry of Planning confirmed on Friday that the Central Organization for Standardization and Quality
Control (COSQC) has become part of the global regulatory system. COSQC President Fayyad Mohammed stated, "The COSQC does not operate in isolation from the international trade system. Rather, its technical and regulatory functions are based on an integrated system of international agreements and standards, ensuring that Iraqi standards are aligned with global regulations and achieving a balance between consumer protection and facilitating the flow of trade."
He added, "The COSQC's international references include the Agreement on Technical Barriers to Trade (TBT – WTO). The organization plays its role in preparing and implementing Iraqi standards and technical regulations in accordance with the principles of this agreement, which stipulate non-discrimination between domestic and imported goods, reliance on scientific and technical foundations, and avoidance of imposing technical requirements that constitute an unjustified obstacle to trade." He explained that "under these conditions, the organization ensures that Iraqi standards are compatible with international standards and commercially recognized."
He added that "the agency's references also include the World Organisation for Animal Health (OIE) Sanitary and Phytosanitary Measures (SPS), which the agency, in coordination with health and agricultural authorities, relies on to assess the health risks of imported food and agricultural products. It also adopts laboratory tests as the scientific basis for acceptance or rejection decisions and applies the principle of prevention without violating international trade rules."
He pointed out that "the Central Agency relies on the International Organization for Standardization (ISO) standards when preparing or updating Iraqi standards and defining quality and safety requirements for imported goods. It also adopts quality management systems in laboratories and testing bodies, which contributes to raising the level of technical conformity and unifying references."
He explained that "the Codex Alimentarius Commission is the agency's primary reference in the field of inspecting imported foods, determining maximum limits for contaminants and food additives, and adopting laboratory testing and analysis methods, which enhances food safety and protects public health."
Regarding regional and international cooperation, the head of the Central Organization for Standardization and Quality Control affirmed that "the organization coordinates with regional and international organizations such as the Gulf Standardization Organization (GSO) and the United Nations Industrial Development Organization (UNIDO) to harmonize standards, build technical capacities, and facilitate mutual recognition."
He pointed out that "the basic standards adopted by the Central Organization for Standardization and Quality Control in its import operations include a certificate of origin to verify the source of goods and ensure they do not originate from prohibited areas, in addition to a certificate of conformity to prove the product's compliance with Iraqi standards, and a label to ensure clear information for the consumer in Arabic."
He noted that "the technical and procedural controls implemented by the organization include risk management for classifying shipments according to the type of goods and the importer's record, laboratory testing to conduct physical, chemical, and microbiological analyses, and its role in supporting other entities in implementing electronic systems such as the ASYCUDA system."
He explained that "the Central Organization for Standardization and Quality Control represents the fundamental technical pillar in import control, as its role is not limited to inspection alone, but extends to setting standards, harmonizing them internationally, implementing them in the field, and supporting regulatory decisions with scientific evidence."
He added that "Iraqi oversight thus becomes an active part of the global regulatory system, and consumer protection is achieved without harming trade." https://www.mawazin.net/Details.aspx?jimare=272027
“Would it look cleaner if they have a prime minister…completely done and stabilized prior to the end of the year? Of course. Is it necessary? I’ve shown that it’s not.”
This statement reframes the conversation. While political completeness is ideal, it may not be a requirement for monetary action.
Jeff: Follow Mark Savaya, Not the Headlines
Jeff emphasizes that the single most important indicator right now is not parliamentary noise—but Mark Savaya’s travel schedule.
“The #1 thing you’re looking for right now is to see when Mark Savaya will be going to Iraq. That’s pretty much going to tell you when the rate’s going to change.”
According to Jeff:
The date is being intentionally concealed
It is directly tied to the exchange rate change
Too many sensitive actions depend on that timing
Why the Exchange Rate Timing Is So Sensitive
Jeff explains that Iraq has:
150+ laws pending
Including:
The 2026 Budget
The long-delayed Oil and Gas Law (pending since 2005)
Why are these laws stalled?
“Because it is sensitive to the timing of the rate change. It needs it and requires it.”
The logic is simple:
These laws depend on a new rate
Parliament cannot finalize them until after the rate changes
Doing so beforehand would create legal and financial inconsistencies
Caretaker Government vs. Central Bank Authority
Key Question:
Does Iraq need a fully formed government to change the exchange rate?
Jeff’s answer is direct—and critical:
“That’s questionable.”
Here’s why:
A forming government is considered a caretaker government
Caretakers have:
Limited access to state funds
Restricted fiscal authority
However…
The Central Bank of Iraq (CBI) Is Different
The CBI is autonomous
It operates separately from the physical government
It can change the value of the currency whenever it chooses
“The Central Bank can change the value of the currency whenever they want.”
This autonomy means:
A completed government may not be legally required
Monetary reform can precede political finalization
What This Means for the Iraqi Dinar
Rate Change Can Come First Political perfection is not a prerequisite for monetary action.
Mark Savaya’s Arrival Is Key His presence likely signals international approval and timing alignment.
Major Laws Depend on the New Rate Budget and Oil & Gas Law need updated valuation metrics.
CBI Holds the Real Power The exchange rate decision sits with the Central Bank—not Parliament.
Q&A: Militia Man & Jeff on the Iraq Dinar
Q: Does Iraq need a prime minister fully seated before changing the rate? A: Not necessarily. Militia Man states it would look cleaner, but it is not required.
Q: Why can’t Parliament pass all the laws now? A: Because many laws depend on the new exchange rate to function correctly.
Q: Who actually controls the exchange rate? A: The Central Bank of Iraq, which is autonomous from the government.
Q: What should investors watch most closely? A: The timing of Mark Savaya’s trip to Iraq.
Featured Snippet Highlights
“The Central Bank of Iraq can change the dinar’s value independently of government formation.”
“Militia Man and Jeff emphasize that many Iraqi laws cannot be passed until after the exchange rate changes.”
Strategic Takeaway
The narrative that Iraq must have a perfectly formed government before any rate change is increasingly being challenged.
According to Militia Man and Jeff:
The CBI is ready when timing aligns
International coordination matters more than headlines
Political completion may follow—not precede—monetary reform
The key remains timing, and that timing appears closely guarded.
Militia Man Would it look cleaner if they have a prime minister...back in completely done and stabilized prior to the end of the year? Of course. Is it necessary? I've shown that it's not.
Jeff The #1 things you're looking or right now is to see when Mark Savaya will be going to Iraq. That's pretty much going to tell you when the rate's going to change. They are hiding that date from us.
They have a lot of crap to do...that's sensitive to the timing of the rate change. They have 150 plus laws to pass, two of which would be the '26 budget along with the Oil and Gas Law...outstanding since at least 2005.
Why?Because it is sensitive to the timing of the rate change. It needs it and requires it. Very simple...Parliament can't get all this crap done [until after] the rate change.
Question: "Do they have to have a fully formed completed government to change the rate?"
That's questionable. While the government is in a forming state, they're considered a 'caretaker'. They have very limited access to Iraq funds and monies...The Central Bank can change the value of the currency whenever they want. Why? Because the central bank is autonomous separate from the physical government...Do they have to have a formed completed government before the rate can change? We have no way of verifying that.
Government Advisor: Current Revenues Cover Salaries And Basic State Requirements
Friday, December 26, 2025 19:57 | General Number of views: 177 Baghdad / NINA / The Prime Minister's Financial Advisor, Mazhar Muhammad Salih, confirmed on Friday that current public revenues cover the state's basic needs, primarily salaries. He also indicated that the government is moving towards controlling spending and maximizing non-oil revenues to achieve financial sustainability.
According to the official news agency, Salih stated, "Current public revenues cover the state's basic needs, primarily salaries, pensions, and social welfare expenditures, which total approximately eight trillion dinars monthly."
He explained that "these obligations, despite their importance and being a top priority that must be paid, constitute only a portion of the overall financial burden. Other obligations must be paid, including public debt servicing, outstanding arrears, and expenses for managing vital logistical aspects within the operational budget, in addition to spending on investment projects related to essential services."
He added, "Fiscal sustainability necessitates controlling public spending, reviewing and auditing it according to spending efficiency standards and priorities, while simultaneously maximizing non-oil revenues. This ensures that required expenditures are met in a stable and sustainable manner, independent of the cyclical fluctuations in oil revenues."
He emphasized that "the recent Cabinet decision establishes a new phase in fiscal policy management, known as the concept of fiscal consolidation. This approach aims to gradually reduce the fiscal deficit in the short term and solidify fiscal discipline in the long term, in addition to developing a phased strategy to reduce the public debt balance."
He pointed out that "this path is a fundamental pillar for achieving the constants of fiscal sustainability and strengthening the resilience of public finances, thus ensuring the state's ability to meet its social and economic obligations while maintaining the overall stability of the national economy." https://ninanews.com/Website/News/Details?Key=1268643