Frank26 [Iraq boots-on-the-ground report] FIREFLY: Mr Sammy said [opinion] there is a rate and they have, they just not ready to show it yet but it’s getting close with the budget tables and oil coming. FRANK: We’re also looking for a printing of the budget…
Clare Article: “Baghdad comments on Washington’s threats not to resume Kurdistan oil exports” Quote: “The Iraqi government denied, on Saturday, all media reports that claimed that the United States threatened to impose sanctions on Iraq if oil exports from the Kurdistan Region were not resumed…Reuters quoted eight sources in Baghdad, Washington and Erbil, who have direct knowledge of the issue, as saying that “increasing pressure from the new US administration was a major driver behind the Iraqi oil minister’s announcement last Monday that exports from the region would resume next week”
Militia Man We haven’t seen an exchange rate change. We haven’t seen the oil pump and we haven’t seen salaries [yet]…
Fnu Lnu Article: “The Central Bank of Iraq (CBI) has announced General Tender No. (1/2025) for the supply, installation, and operation of 65 currency counting and sorting machines for its branches in Basra (35 units) and Mosul (30 units).” Here we have another example of Iraq spending billions to build out a state of the art banking system. The $64,000.00 question is, when do we get to profit from these infrastructure expenditures?
Frank26 Article: “Expected visit of the Central Bank Governor to Sulaymaniyah” Are you serious? You’re putting a new banking economic center? Why? You never have in the decades that I can remember. Why? Your rate of your currency is 1310. You don’t need this banking economic center in Erbil. Why are you doing this? Because there is a change in the banking structure system of Iraq.
MarkZ [via PDK] Huge amounts of chatter this weekend. Tons of rumors about this weekend. We will see what surfaces. We know there is a lot of excited wealth management/redemption contacts and bond folks as of this morning. Lots of people in place but have not heard from group contacts yet this morning. I am confident we are close…just not certain this is the weekend or not.
Clare Article: “European Union to {Sabah}: We praise the reforms of the Sudanese government” Quote: “We support Iraq in joining the World Trade Organization (WTO), which is necessary, among other things, to harmonize Iraqi laws with international standards,”
Samson Article: “Trump gives Baghdad a choice: Export Kurdistan’s oil or face sanctions like Iran”
tishwash Article: “The Ministry of Oil announces the completion of procedures to resume the export of Kurdistan oil through the port of Ceyhan” This is good news…lots of good oil news out of Kurdistan so far today…I think they already have the rate but they will continue to keep it under wraps until the very last second but we need Turkey to confirm this news…
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says President Trump threatens Iraq to speed up transfer of oil pipeline or will suffer sanctions like Iran. FRANK: That is 100% correct. The reason my president is saying that to Iraq is because Iran threatened to attack you… Iraq is and my president is trying to speed things up so you Iraq can be in a position to be powerful over your enemies. If not we both lose and Iraqi citizens lose their purchasing power...There must be a date…
MarkZ [via PDK] “Optimism about the opening of Rafidan and Rasheed Bank branches in the region-to stimulate the economy and attract investors” they are talking about adding another 26-28 branches …They are closer and closer to their reforms.
Mnt Goat There has to be a breakthrough soon. Iraq cannot continue indefinitely like this. They have set up the banking system for international transactions. Everything is actually in place to do business with the rest of the world. The only question is when (not if) will they complete the currency reform as planned.
Bruce [via WiserNow] I know redemption centers received additional USTN currency…they’ve received additional shrink wrap bundles of our new USTN currency in addition to what they already had…I can tell you why I think that is because, remember…I told you guys, they don’t want us to take more than $500 in our new cash, our new…USTN folding money. Well, they just upped that a couple of days ago to…we don’t want you to take more than 3000…In cash that would come out of our total at the time of our appointment…cashing or exchanging our currencies.
