Major Progress: All necessary funds are now in place. According to sources, nothing can stop the process—it must proceed within the next 72 hours, by Monday.
Iraq Rate Announcement: Everyone is waiting on Iraq to announce the new IQD rate, which is believed to trigger the entire process. Rumors that CMKX or bonds must go first are false; IQD rate leads.
Today's Window: There was a potential window later on Friday for funds to begin moving. Some, like
Wolvie, were told payouts would start.
Bond Updates: Bond holders expected to sign paperwork Friday, but this hadn’t happened yet. Funds have been released to paymasters, but no disbursements
Shotgun Start Expected: If it’s a "shotgun start," everything goes at once: Bonds, CMKX, penalties, Farm claims, Agros, etc. Likely timeline: Monday or Tuesday.
Rate Speculation:
Bruce’s sources: IQD over $9 — unconfirmed.
Tony’s call:
$5.91 — more realistic public rate.
Redemption centers may offer higher rates but involve waiting.
Mike’s Personal View: He’d rather exchange today at $5.91 than wait days for a “promised” $9–$10 rate.
Confidential Intel: Mike has one last piece of sensitive info he cannot share, known only to a few.
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.