Question: "How do you see this impacting the physical dinar we hold?"
The Iraqi Dinar will always be a paper currency needed...for domestic commerce. The Iraqi Dinar will be electronic at the same time just like the USD ie: credit cards, debit cards, however,
there will be a necessity for cross-border payments and receipts. If Iraq wants to buy dates from Italy, they must pay for them but how
? Cross border payment...Iraq is being schooled right now on digital currencies and how to use them ie: K2 and Wyman.
The IQD will never be replaced with a crypto currency as the crypto will be used for cross-border payments only...The new digital currency is not made to replace the IQD, it is made to make it work more efficiently. I believe, this is how we will be paid for the RV..
.The IQD will not be stored in our reserves...This is all going to be unnecessary in the future world of FinTec...This is also why I believe the RV is taking so long and Iraq is stalling with all their lame excuses that are illogical and do not make sense. That is my opinion based on the fact that K2 and Wyman are there now, schooling them on cross-border payments which is a known fact.
Frank26: "APIKUR WANTS TO GET PAID...BECAUSE THEY TOO WAIT FOR THE NEW EXCHANGE RATE."....F26
'IOCs Demand Written Agreements, Payment Surety', APIKUR Spokesperson
3/1/2025 ERBIL –
As discussions continue over the resumption of oil exports from the Kurdistan Region, Colonel Myles B. Caggins III, spokesperson for the Association of the Petroleum Industry of Kurdistan (APIKUR), has emphasized the necessity of formal agreements before any further steps are taken.
Speaking exclusively to Kurdistan 24, Caggins laid out APIKUR’s conditions, stressing that without clear, binding agreements, international oil companies (IOCs) will not proceed with production and exports.
APIKUR’s Stance on Oil Exports
Caggins explained that APIKUR, which represents eight companies operating in the Kurdistan Region, collectively produces over 60% of the region’s oil.
He clarified that while APIKUR welcomes the Iraqi Oil Minister’s statement regarding the resumption of oil exports, the reality is that no formal agreements are currently in place. According to him, the lack of written contracts is a fundamental obstacle preventing exports from moving forward.
“We need agreements in writing. These are called sales agreements and lifting agreements. Our companies need to know that when they produce oil, they will get payment and the path for payment,” Caggins stated.
He emphasized that across the global oil industry, including in federal Iraq, such agreements are standard practice, ensuring both producers and buyers have a clear understanding of their obligations. Without these legal documents, APIKUR companies remain hesitant to restart production.
Caggins illustrated the issue with a simple analogy: “I was at a restaurant in Zakho a couple of days ago, and I had breakfast. The restaurant owner understood that if he gave me chai, I was going to pay him in Iraqi dinar. It’s the same concept. If our companies are producing oil,
they need to know how and when they will get paid.”
Aligning Payments with the Iraqi Budget Law
Another major concern raised by APIKUR is ensuring that payments to oil companies align with the Iraqi Budget Law.
Under the current arrangement, the Iraqi central government provides payments to the KRG based on total oil production in the Kurdistan Region. These funds are then allocated among oil companies based on production volumes.
Caggins highlighted the importance of ensuring that APIKUR companies receive payments consistent with their contracts with the KRG and in accordance with Iraq’s budget law.
He further stressed that the Iraqi Prime Minister has publicly expressed the need to resume oil exports for the benefit of all Iraqis.
The U.S. government, including Secretary of State Marco Rubio, has also voiced support for the continuation of Kurdistan’s oil exports, recognizing the economic benefits it brings to Iraq as a whole.
Caggins emphasized that honoring contracts with oil companies would enhance Iraq’s attractiveness to foreign investors across multiple industries.
Addressing Outstanding Payments and Future Export Volumes
Before resuming exports, APIKUR insists that there must be a structured plan to address outstanding payments. Caggins revealed that international oil companies operating in Kurdistan were not paid for the oil they produced between October 2022 and March 2023, resulting in over one billion dollars in arrears.
He stressed that before production resumes, there must be a written plan outlining how these arrears will be repaid.
“We just need to know that there is a plan in writing for us to get the money. That plan needs to be written on paper and agreed to for how the companies will get repaid and when they will get repaid,” he said, acknowledging that different companies may have their own individual decisions to make but stressing the need for a clear financial roadmap.
Furthermore, APIKUR seeks assurances regarding future oil export volumes. Decisions about how much oil will be exported and at what rates must also be specified in formal agreements.
“You see, it all comes back to these written agreements,” Caggins reiterated. “We cannot do business based on press statements and tweets. We need agreements on paper.”
As Baghdad and Erbil continue negotiations on the future of Kurdistan’s oil sector, APIKUR remains firm in its position that transparency and contractual certainty are non-negotiable.
With ongoing discussions between the KRG, Baghdad, and international stakeholders, the coming weeks will be crucial in determining whether an agreement can be reached that satisfies all parties.
Caggins concluded by reaffirming APIKUR’s commitment to its investments in Kurdistan and willingness to cooperate in securing a sustainable future for oil production in the region.
However, he made it clear that without written agreements, the resumption of Kurdistan’s oil exports remains uncertain. LINK
IMO: it's almost like I have been telling people that the revaluation of the Iraqi Dinar is for the 'New Republic' that basically starts on March 4th with an address from the president on that day with Kurdistan & Baghdad signing remaining paperwork and resuming oil exports through SOMO.
Why out of all these years you have been waiting that they decided to have this meeting on the exact day of the original inauguration day? Why do you think Donald Trump is closing 100s of IRS offices? Because he doesn't want your capital gains going towards an agency that will not exist after 2025. I told you all and I will say it again D. Trump is going to put his foot down on March 4th.
After that day you might as well prepare for the fallout. Because it's going to come fast. Corruption will be boxed in and have no choice but to show itself for the beast it is. And as I explained once the IQD reinstatement occurs Israel will become a shell of its former self. Peace in the Middle East will expose the domestic terrorist in our media, government, and banking industry.
Regarding the rate change. Will it be immediate? Unlikely. The CBI would need time to evaluate oil revenue projections and consult with the government, which has previously locked rates for multi-year periods (e.g., until 2025 per a 2021 parliamentary statement).
A decision might take days to weeks, with an announcement possibly delayed to mid-March or later to ensure data alignment. That said, if political momentum from the meeting is strong and Trump’s rhetoric signals U.S. support Iraq could expedite the process, perhaps signaling intent within days (e.g., March 5-7) and formalizing it later.
In short, I’d expect a new exchange rate release to follow days to a couple of weeks after March 4, not immediately,
as Iraq balances oil-driven economic gains with currency stability needs. Keep an eye on CBI statements and parallel market trends post-meeting for clues. What are your thoughts on how these pieces might fit together?
I just love that it will be on or after March 4th because we will get to keep our money. Because once they resume there is no going back after that. And we will have our ROI.
Frank26: "DIGITAL CURRENCY IS SAFER THAN PAPER... SECURITY & STABILITY!!!"........F26
"From Safe Internet to Smart Systems" Iraq Enters the Digital Revolution Era with Steady Steps
2/28/2025
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that Iraq is moving steadily towards achieving a major digital renaissance, based on a set of foundations that support this trend.
Saleh explained to {Euphrates News} agency, "The most prominent of these foundations is the progress achieved in two types of infrastructure."
He explained that "the first category is represented by the advanced technological infrastructure, whether through secure and strong internet networks or digital payment systems that work effectively and efficiently in parallel with each other."
Saleh continued, "As for the other category, it is the advanced legal infrastructure that provides protection for the rights of users, operators, and the public right against electronic and financial crimes arising from the digital transformation."
He pointed out "the importance of having the ability to keep pace with the developments of digital technology in the virtual world on an ongoing basis," indicating that "the advisory team in the General Secretariat and all relevant Iraqi state institutions are keen to achieve this to ensure that Iraq enters the new digital age."
Payout Schedule for Tier Groups involved in the RV:
The Dubai Accounts Funds the RV: Dubai 1 fundsTiers 1&2 of the RV and Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.
The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.
Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first.
A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
B. Fines & Penalties are released to recipients (they need D1 liquid, this is their hold up)
C. Bonds will be liquid (they need D1 to be liquid)
D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!
Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.
Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.
Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints..
Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral..
Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency
and/or bonds and kept up with the reset by way of information on the Internet.
Tier 5 The general public who never paid attention to the Intel.
The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.
It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.