More News, Rumors and Opinions Friday PM 2-28-2025
KTFA:
Clare: At an initial rate of 185 thousand barrels.. Oil Minister: Resumption of Kurdistan oil exports will take place within hours - Urgent
- Baghdad
Oil Minister Abdul Ghani Al-Sawad said that Iraq will announce in the coming hours the start of the region's oil export operations.
The Minister of Oil said in a statement received by (Al-Rabia) that "Iraq will announce in the coming hours the commencement of the region's oil export operations through the State Oil Marketing Company (SOMO) via the Turkish port of Ceyhan at an initial rate of 185 thousand barrels, gradually increasing to reach the capacity specified in the general federal budget."LINK
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Clare: Analysis detailing the reasons for the fluctuations in the exchange rate of the Iraqi dinar against the dollar over 21 years
2/28/2025
The "Iraq Al-Mustaqbal" Foundation for Economic Studies and Consultations attributed, on Friday, the reasons for the fluctuations in the exchange rate of the dinar against the US dollar in the parallel market over more than two decades in the country to internal and external factors.
This came according to an analysis issued by the institution, in which it explained these fluctuations from 2005 until 2024.
The institution stated in its analysis that "the exchange rate of the Iraqi dinar against the US dollar in the parallel market witnessed noticeable fluctuations over the course of 21 years, as it was affected by a group of factors ranging from political, legislative and economic."
The analysis added that "supply and demand were the most influential, as the patterns of exchange rate changes differed according to the months of the year as a result of internal and external factors, such as the timing of the launch of the general budget and official holidays in major countries exporting goods to Iraq, such as China and Iran."
He pointed out that "by analyzing the exchange rate data in the parallel market from 2005 to 2024, there appears to be a recurring pattern that reflects the dinar's value being affected by specific months more than others."
According to the institution, “December was the month with the most frequent increase in the value of the dinar, as it witnessed a decline in 13 years out of 21 years, followed by: August and June with increases in the value of the dinar against the dollar in 11 years, then April 10 times, while October and November witnessed an increase 9 times, and March 8 times.”
May was the month with the least frequent decline in the value of the dinar, as its value rose only 4 times during the period studied, which gives a semi-impression that the prices of the dinar against the dollar rise in the months of February, March and April, then decline again against the dollar in May as a result of the strong return of demand in May.
The institution warned in its analysis that "despite this clear seasonal impact on the exchange rate, there are other factors that cannot be ignored, such as the levels of dollar sales by the Central Bank of Iraq, which directly affect the size of the money supply in the market, as well as political and financial factors such as the timing of the release of general budget funds, in addition to geopolitical situations that may cause sudden disturbances in the demand for foreign currency."
The analysis concluded that “the seasonal effect remains one of the main elements in determining the exchange rate trends in Iraq, as a recurring pattern appears at the end of the year and the beginning of the fiscal year, in addition to being affected by official holiday periods in countries exporting goods to Iraq. However, other factors, such as monetary policies and political and economic developments, remain a direct influence on the parallel market, which makes it necessary to monitor all these variables to understand exchange rate changes more accurately.” LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 I get chills every time I hear Saleh say they banking structure in Iraq now has security and stability because those were the same words Dr. Shabibi, the author of the Iraqi monetary reform wanted, demanded, before a new exchange rate was released. These are exciting times.
Militia Man For all you folks that have been in the dinar for a long time, if you remember back 15+ years ago, who was there? CitiBank was. Article quote: "In recognition of its outstanding performance gave the excellence award to the National Bank of Iraq...in managing incoming and outgoing financial transfers stressing that this is an achievement that reflects its commitment to the highest standards of quality and transparency in banking services." ...They're ready to go!
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Can Trump Expose Fed’s Gold Cover-Up? Feat. Daniel Lacalle - LFTV Ep 212
Kinesis Money: 2-28-2025
In this week’s Live from the Vault, Andrew Maguire sits down with renowned economist Daniel Lacalle to dissect the shifting global financial landscape, from the erosion of trust in political institutions to the rise of gold as a preferred reserve asset.
As resistance grows against mainstream narratives, political and economic turns in Europe, the US, and beyond are driving demand for gold, whilst central banks are reducing reliance on sovereign debt, signalling significant market changes ahead.
00:00 Start
02:22 JD Vance on EU and UK freedom of expression issues
05:10 Could DOGE cuts impact Davos agenda funding?
08:15 UK Labour’s restrictive civil liberty policies
13:45 US wasteful government spending
17:15 Healthy criticism of the EU amid its rapid decline
25:00 Daniel on economic stagnation and persistent inflation
27:50 Aftermath of BIS making gold a first-tier asset
33:00 Why government bonds are no longer a reserve asset
35:20 Trump explores monetising US Treasury gold
37:10 Can Trump audit the Federal Reserve?
42:10 Musk’s DOGE shows how fast frauds can be exposed
46:05 China’s National Regulatory Administration opens gold buying to insurers
52:35 Gold as the ultimate wealth protection
55:40 Daniel on silver’s role in an investment portfolio
