FRANK26…5-10-25….CALL ME…

KTFA

Saturday Night Conference Call

FRANK26…5-10-25….CALL ME…

Call starts about Minute 10:00

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=Zt2v9PxoqFM

Vietnam and Iraq Economic News from KTFA 5-9-2025

KTFA:

Henig:  KRX system officially goes live

May 05, 2025 - 16:04

The system, developed with technology support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.

HÀ NỘI — After more than a decade in preparation, the Hồ Chí Minh Stock Exchange (HOSE) officially launched the long-anticipated KRX trading system on Monday morning.  The system, developed with technological support from the Korea Exchange (KRX), is expected to bring significant changes to trading practices and boost market transparency and efficiency.

 The trading session opened with some notable excitement. The VN-Index rose more than eight points shortly after the market opened after a long holiday, reflecting investor optimism.  However, the session began somewhat sluggishly. According to reports from several investors, the opening auction (ATO) experienced some delays and the system was not initially smooth.

These early hiccups were resolved and trading proceeded more stably as the session progressed. The KRX system is an information technology platform designed to modernise and standardise Việt Nam’s stock market operations. 

With a total investment of approximately VNĐ900 billion (US$34.7 million), the system offers numerous new features, including updates to trading orders, enhanced functionalities for retail investors and a foundation for future reforms. 

Though originally scheduled for completion in 2021, the project encountered repeated delays and only recently completed extensive testing throughout 2024.

A key change brought by the KRX system is the modification to how ATO (At-the-Opening) and ATC (At-the-Closing) orders are handled.  Previously, these orders were prioritised over limit orders (LO) during periodic matching phases. Under the new system, ATO and ATC orders no longer receive priority over pre-entered limit orders.

 They are now displayed at a specific price level, aligning more closely with LO orders, rather than being shown as 'ATO' or 'ATC'. The system also changes the rules for modifying or canceling orders. Investors can no longer simultaneously amend both price and quantity in a single transaction. Adjusting the price or increasing the order size resets its time priority, while decreasing the volume does not. As before, order cancellations and modifications remain restricted during ATO and ATC sessions.

Another notable update is the replacement of the traditional market price order (MP) with the market-to-limit order (MTL). In cases where an MTL order is only partially matched, the unfilled portion is automatically converted to a limit order (LO) with a price adjusted by ±1 tick from the initial order - improving price control during execution. The KRX system also enhances negotiated trades and odd-lot transactions. Both the buyer and seller may now input orders directly, with the other party confirming the trade - an improvement over the previous system, where only sellers entered orders.

Once a negotiated trade is completed, it cannot be canceled or amended. Retail investors also benefit from expanded odd-lot trading capabilities. With the new system, odd-lot limit orders (LO) can be placed continuously from 9am to 2.45pm, instead of being limited to continuous matching or negotiated trade sessions as in the past.

Ahead of the launch, HoSE and its technology partners conducted a final round of testing on May 4, including system integration, market configuration checks, database validation, server and application monitoring and storage assessments.

This ensured full operational readiness among all stakeholders. Major securities firms, including SSI, ACB Securities and Bảo Việt Securities, confirmed successful system conversions and announced readiness for the first official trading session under the new platform. 

SSI reported that its upgraded online trading system is now compatible with the KRX system and offers pre-market order placement from 7.30am. ACB Securities and Bảo Việt Securities also affirmed that their system transitions had been completed on schedule. Other brokerage houses, such as MB Securities, Shinhan Vietnam Securities, Việt Dragon, VCBS, BVSC and DNSE, similarly reported the completion of necessary upgrades, including data reconciliation and system connectivity.  Firms across the industry have expressed confidence in the potential of the KRX platform to improve order handling, streamline retail trading and facilitate better integration of foreign investor transactions and securities under trading restrictions. The official rollout of the KRX system concludes a nearly 13-year journey of planning, investment and technical coordination. 

Its implementation marks a critical milestone for Việt Nam’s capital market development, laying the groundwork for future enhancements in market infrastructure, investor experience and regulatory oversight, as well as market upgrade from frontier status to emerging market. — BIZHUB/VNS  LINK

************

Clare:  Iraq's customs revenues reached 59 billion dinars after implementing the ASYCUDA system.

5/9/2025- Baghdad

Finance Minister Taif Sami announced on Friday a significant increase in customs revenues following the implementation of the ASYCUDA Customs Automation System, amounting to more than 59 billion dinars.

 Sami said in a statement to the official agency, followed by "Al-Eqtisad News," that "customs revenues before the implementation of the ASYCUDA system amounted to 375,675,732,360 dinars, while after the implementation they rose to 435,421,672,805 dinars, an increase of 59,745,940,445 dinars."

 She added, "The General Authority of Customs has begun implementing the ASYCUDA system in 15 customs centers, including: Air Cargo Customs, Dry Port, Baghdad International Airport Terminal, Grand Welcome Square Customs, Trebil, Safwan, Arar, Umm Qasr Middle, Umm Qasr South, Kirkuk Airport, Zurbatiyah, Al-Mundhiriyah, Mandali, Al-Shaib, and Al-Shalamcheh."

She explained that "the Authority has currently begun implementing the second phase of the system, which will extend over two years. This phase includes its implementation in eight remaining customs centers, in addition to linking 12 electronic applications to the system, including: land transport clearance, the value system, smart selectivity, the exemptions system, and licenses and certificates. This will enable the system to be linked with all ministries."  LINK

Clare:  The dollar's exchange rate is stabilizing towards its target: adaptation or adjustment?

5/9/2025

 Dr. Haitham Hamid Mutlaq Al-Mansour

  It became clear in the period from last April until this May that the dollar exchange rate in Iraq began to stabilize, declining towards the (official) target level. Therefore, a question may be raised in this context: Is this stability the result of “adaptation” or “adaptation”?

To answer this question, we examine the reality of monetary policy measures that strengthened the foreign exchange signal's response to the downward trend, which can be described in the following paragraphs:

1. The Central Bank's restrictive policy of controlling dollar sales to banks through transparency measures for transfers of unclear origin aimed at combating smuggling. This increased the official supply and eased pressure on the exchange rate.

2. The effectiveness of monetary policy in financing foreign trade through highly rated correspondent banks, within the framework of the US Treasury and Federal Reserve's conditions. This is in addition to the trend toward settlement in euros, yuan, and UAE dirhams, which has facilitated remittance transactions in our trade with China, Turkey, and the UAE.

3. Added to this is the decline in demand for the dollar due to the increased level of banking compliance with international conditions on dollar transfers to prevent their smuggling to Iran, Syria, and Turkey via Iraq. As a result, suspicious transfers have decreased, and illicit demand for dollars has declined, contributing to the stability of the dollar exchange rate.

4- The effectiveness of the Central Bank’s foreign reserves management to compensate for the decline in the dollar supply in the parallel market, thus curbing the exchange rate towards the target.

5- The effectiveness of the inflation targeting policy led to a slowdown in the rise in the general price level (inflation) in Iraq, which limited the phenomenon of dollarization and raised the real value of the dinar.

6- Decline in speculation in the parallel market. Following the regulatory measures, the activity of unlicensed money changers and speculators who artificially raised prices declined.

7- The effectiveness of financing travelers in dollars through the official rate using payment cards at reduced costs and at the official exchange rate of 1320 dinars per dollar, in addition to collecting cash dollars through Iraqi airports, in the amount of 3000 dollars at the official rate for each traveler per month who carries an electronic payment card.

8- External international factors related to a general weakness in purchasing power in global markets and a decline in stocks, which caused a decline in the value of the dollar and a rise in gold, leading to a decline in demand for it globally and locally.

From the above-mentioned reasons, we find that exchange rate stability, despite its importance as a short-term objective of monetary policy, was achieved through “adjustment,” i.e., a short-term price adjustment trend resulting from short- or medium-term measures and treatments for exchange rate fluctuations. The aim was to restore temporary economic equilibrium without changing the basic structure of the economy and without deep-rooted long-term policies, which reduces the effectiveness of targeting the exchange rate at the long-term target level. Stability could have been achieved as a result of long-term structural “adjustment” by following long-term policies as follows:

1- Decrease in demand for the dollar due to the availability of agricultural or industrial GDP revenues as a substitute for imports.

2- Improvement in the balance of payments thanks to non-oil agricultural and industrial exports.

3- Structurally reforming the banking system and activating the role of monetary tools, especially the interest rate structure, in a way that restores the overall balance to its natural state without a split between what is real and what is monetary.

4. Reducing rentierism by diversifying the economy through allocating resources based on foreign trade to generate national surplus value. The result: more sustainable stability, as the economy becomes less dependent on external factors.

If the current balance remains in place, the dollar supply will still be vulnerable to depletion within a year of imports if oil exports cease due to wars and threats, for example, or if the economy is exposed to similar external shocks. Furthermore, reliance on reserve management and other stringent measures will not be sufficient to ensure long-term exchange rate stability.

In conclusion, while ensuring that the exchange rate stabilizes near its target level is a significant achievement for monetary policy, the absence of structural reforms, economic diversification, improving the business environment, combating corruption, and other factors will make any exchange rate stability vulnerable to reversal, particularly with oil price fluctuations, political crises, and external shocks. This underscores the importance of planning for long-term structural adjustment at the macroeconomic policy level.  LINK

Some “ Iraq News” posted by Clare at KTFA 5-8-2025

KTFA:

Clare:  Al-Sudani arrives in Ankara and considers the "Development Road" project an economic approach to confronting crises.

5/8/2025

Prime Minister Mohammed Shia al-Sudani arrived in the Turkish capital, Ankara, on Thursday morning for an official visit, according to a brief statement issued by his media office.

Before heading to Ankara, Al-Sudani wrote a newspaper article in which he described the "Development Road Project," which Iraq has begun constructing to transport goods from the Gulf via Turkey to Europe, as a move toward an economic approach to addressing crises.

In his article, the Prime Minister said, "Iraq calls for adopting an integrated economic approach that addresses development disparities and enhances collective capacity to confront food, energy, and supply chain crises."

He added, "The Development Road project, which is nearing completion, is a practical model for this approach and can serve as a foundation for genuine Arab partnerships."

Al-Sudani continued, "Today, we are not only rebuilding Iraq, but we are also participating in reshaping the Middle East through a balanced foreign policy, informed leadership, development initiatives, and strategic partnerships."

Al-Sudani's visit to Ankara came to participate in the meetings of the Iraqi-Turkish Supreme Council for Strategic Cooperation.

Fahrettin Altun, the head of the Turkish Presidency's Communications Department, confirmed in a post on Twitter on Wednesday that Al-Sudani will make an official visit to Turkey accompanied by a high-level delegation and will meet with President Erdogan at the presidential complex in the capital, Ankara.

The Turkish official added that Turkish-Iraqi relations and current regional and international developments will be discussed, in addition to holding a high-level Strategic Cooperation Council meeting between the two countries.

Alton stated that documents aimed at strengthening cooperation in various fields between the two countries are expected to be signed during Al-Sudani's visit, predicting that Al-Sudani's visit will strengthen the already strong Turkish-Iraqi relations in many areas.

On Tuesday, Mukhtar al-Moussawi, a member of the Iraqi parliament's Foreign Relations Committee, revealed to Shafaq News Agency that al-Sudani will visit Türkiye this week and will discuss security, economic, and water issues in Ankara.

The Iraqi embassy in Ankara announced last Monday the arrival of an official Iraqi delegation in preparation for the signing of bilateral memoranda of understanding.

Iraqi Ambassador to Ankara, Majid al-Lajmawi, stated that Iraqi Prime Minister Mohammed Shia al-Sudani's upcoming visit to Turkey will include discussions on several issues, including development, energy, and trade.

Turkish Transport Minister Abdulkadir Uraloğlu previously announced that Iraqi Prime Minister Mohammed Shia al-Sudani will visit Türkiye in the coming days, while Turkish President Recep Tayyip Erdoğan will visit Iraq during the first half of this year.   LINK

***********

Prime Minister Mohammed Shia al-Sudani affirmed on Thursday that Baghdad is hosting the Arab Summit at an exceptional moment for the region, calling for responsible Arab discourse and economic integration to confront challenges.

In his speech at the opening of the Arab Summit in Baghdad, Al-Sudani said, "The Arab Summit in Baghdad comes in a transformative context. It is a moment when the Iraqi national will converges with the general Arab hope to overcome differences and move towards building an effective and comprehensive Arab cooperation system."

He added, "Today we need a responsible Arab discourse based on political realism and a belief that solidarity does not mean conformity, but rather respect for particularities within a common goal and destiny."

Al-Sudani pointed out that "Iraq believes that strengthening Arab action begins with strengthening relations between Arab capitals from the Gulf to the Atlantic, based on mutual respect and non-interference in internal affairs."

He warned that "the challenges we face—from repeated Israeli aggression on Gaza, the West Bank, Lebanon, and Syria, to internal divisions in some Arab countries, to regional and international interventions—threaten not only the security of these peoples but also our collective will as a nation. "
He called for "the launch of a unified Arab initiative that goes beyond the humanitarian dimension to support the building of a national state based on the constitution, dignity, and diversity," stressing the importance of "having a comprehensive Arab development strategy."

Al-Sudani called for "the adoption of an integrated economic approach that addresses development disparities and enhances collective capacity to confront food, energy, and supply chain crises," noting that "the Development Road project, which is nearing completion, is a practical model for this approach and can serve as a pillar for genuine Arab partnerships."

He emphasized that "Arab national security is indivisible and cannot be achieved without effective cooperation, balanced policies, and strong institutions that protect the supreme interests of the nation."

Al-Sudani concluded his speech by saying: "From Baghdad, we address an appeal to all Arab capitals: It is time to start anew, on new ground, with a new methodology, and a new will."  LINK

~~~~~~~~~~~

Clare: Al-Sudani: Baghdad is hosting the Arab Summit at an exceptional moment for the region.

LINK

Clare:  The Central Bank's trilogy curbs the parallel market. The dollar drops to a historic low for the first time since 2022.

5/8/2025 - Baghdad

The Iraqi dinar has seen a significant improvement in its value against the US dollar in Iraqi markets over the past few weeks, with the hard currency declining for the first time since 2022, reaching 141,000 per $100.

Before Ramadan, the dollar exchange rate hovered around 150,000 dinars per $100. During Ramadan, the dollar exchange rate remained relatively stable at around 147,000 to 149,000 dinars per $100. However, with the beginning of April, coinciding with Trump's announcement of a tariff war, the dollar exchange rate in Iraq declined rapidly, reaching 142,000 dinars per $100 today.

This improvement was driven by a package of monetary and regulatory policies that succeeded in reducing demand for foreign currency through informal channels.

In this context, the Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Saleh, identified three main factors that contributed to curbing the parallel market and strengthening the dinar.

In an interview with Al-Eqtisad News, Saleh said that the Central Bank of Iraq has succeeded in meeting the dollar needs of major traders by strengthening national banks' reserves with their foreign correspondents, which are highly rated (AAA) banks, and by beginning to use alternative currencies such as the Emirati dirham, the euro, and the Chinese yuan in banking operations, especially with Iraq's main trading partners such as Turkey, the UAE, and China. This approach has contributed to accelerating remittances and reducing reliance on the parallel market.

Small businesses accounted for approximately 60% of private sector trade in Iraq. Supported by new government measures, this category of traders was facilitated to access dollars directly through Iraqi banks, eliminating the need for expensive intermediaries. This contributed to absorbing a significant portion of the parallel demand for dollars.

Saleh noted that travelers are now able to obtain dollars at the official exchange rate (1,320 dinars per dollar) using electronic payment cards, in addition to the ability to obtain $3,000 in cash per month through official airport outlets, significantly reducing their reliance on the black market.

Saleh emphasized that several supporting factors also contributed to reducing pressure on the dollar in the parallel market, including stricter legal procedures for dealing in dollars outside the banking system. This prompted individuals to avoid the legal risks associated with the black market and turn to gold as a savings instrument, due to global dollar fluctuations and concerns about the future of paper currency.

Al-Sudani's advisor pointed to the increasing demand for government bonds with attractive semi-annual returns, which have become a reliable tool for preserving value, away from speculation in the foreign exchange market. He also emphasized the success of hypermarkets in stabilizing the prices of basic commodities, which has weakened the impact of the parallel market on citizens' livelihoods and contributed to overall economic stability.

Concluding his remarks, the Prime Minister's advisor noted that demand for gold has reached a historic peak, driven by growing concerns among Iraqis about the possibility of the US Federal Reserve canceling or reducing some paper dollar denominations in the future. This has prompted citizens to diversify their savings away from the US currency.

In addition, economic expert Manar Al-Abidi identified a number of other reasons that led to the decline in the dollar's price locally.

Al-Obaidi told Al-Eqtisad News that the primary reason for the dollar's decline is a decline in demand on the parallel market, coupled with a significant increase in the supply of hard currency, both from domestic and foreign sources. He explained that this new balance has helped narrow the gap that has long separated the official exchange rate from the parallel market rate.

Among the notable changes, Al-Obaidi points to the declining confidence of many local investors in the dollar as a savings instrument, due to expectations of a decline in its value against gold. This trend has prompted a large segment of citizens to exchange dollars and purchase gold, increasing the dollar money supply in the local market.

In contrast, other sources have contributed to the increase in dollar supply, most notably remittances and foreign investments, particularly those related to international companies operating in Iraq. According to Al-Obaidi, these inflows are no longer solely linked to oil revenues, but rather come from additional channels that have helped ease pressure on foreign currency.

In a remarkable monetary measure, the Central Bank of Iraq (CBI) reduced the dinar money supply by more than 6 trillion dinars over the past six months, declining from 104 trillion to approximately 98 trillion dinars. This contraction helped raise the relative value of the dinar against the dollar, placing additional pressure on the parallel market.

Regarding trade, despite a 6% increase in imports from China, Iraq's imports from major countries such as India, Turkey, and the United States saw a significant decline. Upcoming figures are also expected to reveal a decline in imports from the UAE, which accounts for 30% of Iraq's total imports. This reflects a decline in overall demand for the dollar due to the contraction in trade activity.

Al-Abidi also points to the expansion of channels for accessing dollars at the official exchange rate, through bank cards, official money transfers, and direct transfers, which has prompted many merchants and individuals to move away from the black market.

In addition, regional conditions played a significant role in easing pressure on the dollar. The deteriorating economic situation in Iran led to a decline in demand for goods imported from Iraq, which were re-exported there. The cessation of trade with Syria also contributed to the decline in import demand.

Al-Obaidi also points to a decline in the trade in smuggled oil and prohibited goods, which used to rely heavily on dollar-denominated transactions on the parallel market. These activities have recently been curtailed through strict security and banking measures.

Al-Abidi believes that the continuation of these trends could push the dollar to levels close to 1,395 dinars in the coming period, barring any sudden developments in monetary policy or regional balances. LINK

FRANK26….5-7-25….OF COURSE !!!’

KTFA

Wednesday Night Conference Call

FRANK26….5-7-25….OF COURSE !!!’

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=Uie6XyoVFBY

FRANK26….5-2-25…..5 %

KTFA

Friday Night conference Call

FRANK26….5-2-25…..5 %

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=TuddEblSz-g

Some Iraq News Posted by Clare at KTFA 4-30-2025

KTFA:

Clare:  Government advisor: Linking national banks with their American counterparts provides a means for economic stability.

4/30/2025  - Baghdad

Prime Minister's advisor, Mazhar Mohammed Salih, confirmed on Wednesday that linking up with US banks provides financing and credit lines for trade and investment in Iraq. He also explained that direct cooperation with more than one US bank reduces the costs of foreign transactions.

“As long as Iraq is within the dollar zone like other OPEC countries, with the US dollar constituting the majority of its financial assets from oil revenues

(t is in our country’s interest to deal equally with the US commercial banking system as a global correspondent for national banks, especially when dealing with more than one US bank operating globally (Global Bank) that has major global branches and arms,” Saleh said in a statement reported by the official news agency and seen by Al-Eqtisad News.

He added, "The Central Bank of Iraq's efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country through integration with the dollar trade, banking, and investment zone, which remains, without a doubt, one of the strongest and most important monetary zones in the world."

He pointed out that "reducing the costs of foreign banking transactions today requires direct banking cooperation with more than one American bank (Global), and that the Central Bank of Iraq is moving in the right, open, and rapid direction in assessing its priorities to serve the stability of the national economy at the level of foreign banking transactions and implementing them with the required speed and high guarantees."

Saleh explained that "the second American bank provides opportunities for Iraqi banks as a global correspondent bank with multiple branches and operations to quickly implement banking operations, whether in transfers or financing foreign trade for our country's markets, without obstacles and with transparency and high governance.

 In addition, it provides financing and credit lines for trade and investment in Iraq, as well as benefiting from digital banking services and highly advanced international standards, which will bring our national banks to the required global level.

These are factors that encourage the investment and business climate in our country at the same time, in the midst of integration and cooperation with the international banking system."   LINK

************

Clare:  Ministers, experts, and journalists met... the outcome of the Iraqi Foreign Minister's visit to Washington

4/30/2025

Foreign Minister Fuad Hussein concluded his official visit to Washington, D.C., on Wednesday, during which he met with a number of American officials and representatives of research and media institutions.

The Ministry of Foreign Affairs stated in a statement received by 964 Network:

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein concluded his official visit to Washington, D.C., which began on Thursday, April 24, 2025. He held a series of high-level meetings with senior U.S. officials and representatives of research and media institutions.

On Friday, April 25, the Minister met with his American counterpart, Mr. Marco Rubio, at the US State Department. The two sides discussed ways to enhance bilateral cooperation, particularly in the political, security, and economic fields. During the meeting, Mr. Fuad Hussein also stressed the importance of reviewing US security warnings regarding travel to Iraq.

At his residence in Washington, the Minister held meetings with a number of senior officials and experts, including Mr. Tim Lenderking, Senior Official in the Bureau of Near Eastern Affairs, and Ms. Victoria Taylor, Deputy Assistant Secretary of State for Iraq and Iran, where they discussed bilateral relations and ways to strengthen them.

On Saturday, April 26, Mr. Fuad Hussein also received Mr. Douglas Silliman, President of the Arab Gulf Research Institute and former US Ambassador to Iraq, Mr. Zalmay Khalilzad, former US Ambassador, in addition to a number of prominent figures in the fields of politics, media, and energy, including Ms. Barbara Leaf, Mr. Kenneth Pollack, Mr. Michael Gordon, Mr. Mark Rowland, Mr. Matthew Zeiss, Dr. Eisen Maroji, Mr. Andrew Parasiliti, and former US Ambassador to Iraq, Alina Romanowski.

As part of his diplomatic activities, the Minister visited the Embassy of the Republic of Iraq in Washington on Monday, April 28, and met with the Iraqi Ambassador to the United States, Mr. Nizar Al-Khairallah, and embassy staff, learning about the progress of work and efforts made to strengthen Iraqi-American relations.

The Minister also participated in two roundtable discussions organized by the Washington Institute for Near East Policy and the Middle East Institute (MEI), attended by a select group of researchers and experts. The discussions addressed regional developments, Iraq's growing role in the region, and the future of relations between Baghdad and Washington.

On Tuesday, April 29, US National Security Advisor Mike Waltz received Mr. Fuad Hussein at the White House, in the presence of a number of senior officials. The meeting discussed regional security and shared challenges.

The Minister also met with US Deputy Secretary of the Treasury, Dr. Michael Falkender, where the two sides discussed Iraq's energy situation and the Iraqi government's efforts to achieve electricity independence.

On the sidelines of the visit, Mr. Fuad Hussein conducted interviews with a number of prominent media outlets, including Al-Sharq Channel, Bloomberg, Sky News, Al-Iraqiya, Rudaw, and Kurdistan 24, during which he addressed Iraq's most prominent positions on regional and international issues.

At the conclusion of his visit, the Minister held a roundtable discussion with a select group of journalists and correspondents from American media outlets at the Iraqi Embassy in Washington. The discussion was attended by Ambassador Nizar Al-Khairallah, members of the accompanying delegation, and embassy staff. He reviewed the most important outcomes of his visit and the prospects for Iraqi-American relations in the coming period.  LINK

Clare:  Al-Sudani opens doors to Baker Hughes... Iraqi gas on the negotiating table

4/30/2025

Prime Minister Mohammed Shia al-Sudani discussed the Iraqi gas file on Wednesday with Lorenzo Simonelli, Chairman and CEO of Baker Hughes, an American company. Simonelli affirmed that all necessary facilities would be provided for the company's work in Iraq.

The Prime Minister's Office stated in a statement received by Shafaq News Agency, "Al-Sudani received the Chairman and CEO of Baker Hughes, an American oil and energy services company, Lorenzo Simonelli. During the meeting, they discussed prospects for cooperation in the energy sector and reviewed the company's projects in Iraq, including the completion of gas processing units in the Nasiriyah field with a capacity of 200 million standard cubic feet, the first phase of which is expected to be completed before the summer of 2026, while the second phase will be completed in 2027."

Al-Sudani pointed out that "the government is ready to provide all necessary facilities and support for the company's operations in Iraq, in light of government procedures for the entry of businessmen and companies into the Iraqi market," noting that "the government has worked to improve the business environment to attract companies across all sectors."

For his part, Baker Hughes expressed his company's "commitment to implementing energy projects in Iraq and expanding its scope of
work," stressing that "Iraq boasts promising investment opportunities in various fields." LINK

************

Clare:  Iran announces cooperation with Iraq on oil, associated gas, and offshore exploration.

4/30/2025

Iranian Oil Minister Mohsen Paknejad announced on Wednesday the signing of four joint cooperation documents with Iraq in the oil and gas sector.

In a statement to reporters today, Paknejad said that he had visited Iraq two weeks ago at the invitation of the Iraqi oil minister, during which four cooperation documents were signed.

He added, "Two of these documents are in the form of cooperation plans, including implementation and participation regarding the collection of associated gases in Maysan Governorate and near the border, which could not be released due to a lack of raw materials," adding that "if this project is implemented, it will be possible to launch it."

The Iranian oil minister continued, saying, "There is also another issue related to joint work on offshore exploration operations in areas shared within Iraqi territorial waters and studies related to developing the Khorramshahr field, which is shared with the Sinbad field in Iraq. Documents have been signed in this regard."

Iranian Oil Minister Mohsen Paknejad arrived in Baghdad on Monday, April 14, for a two-day official visit at the invitation of his Iraqi counterpart to discuss ways to enhance cooperation between the two countries in the oil and energy sectors.

An informed source told Shafaq News Agency that the Iranian minister, upon his arrival, held a meeting with the Iraqi oil minister, where they discussed cooperation in the energy sector and signed four memoranda of understanding.

It's worth noting that the Iranian minister met with his Iraqi counterpart, Minister of Electricity Ziyad Ali Fadhil, in February 2024, during which they emphasized enhancing cooperation in the oil, gas, and electricity sectors.

For his part, Iraqi Oil Minister Hayan Abdul Ghani confirmed the signing of memoranda of understanding and agreements with Iran to exchange expertise, serving the interests of both countries and enhancing joint cooperation in various sectors.

Abdul Ghani indicated, in a statement received by Shafaq News Agency, that "Iraq has promising gas investment projects and is working to achieve self-sufficiency in petroleum derivatives."LINK

FRANK26….4-29-25……WHAT DID ALAK SAY???

KTFA

Tuesday Night Conference Call

FRANK26….4-29-25……WHAT DID ALAK SAY???

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=z58OFsTMnrs

FRANK26….4-25-25…2 IN 2

KTFA

Friday Night Conference Call

FRANK26….4-25-25…2 IN 2

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=Q5BuC_vjmZk

Iraq News Posted by Clare at KTFA 4-24-2025

KTFA:

Clare: Central Bank: We are committed to building a more inclusive and equitable digital financial system.

4/23/2025- Baghdad

The Central Bank of Iraq (CBI) emphasized on Wednesday the importance of the media's role in supporting financial inclusion and spreading financial literacy, while also underscoring its commitment to building a more inclusive and equitable digital financial system.

In her speech at the Ninth Scientific Conference (Third International) of the College of Media at the University of Iraq, under the theme "Artificial Intelligence in Media: Prospects for Innovation and Challenges of Cultural Dialogue"

The bank's Assistant Head of Financial Affairs, Adhraa Taha Mohammed, said, "This conference reflects the bank's vision to promote financial inclusion, implement government directives toward the use of electronic payment methods, and the role of the media in spreading financial literacy."

She added, "Financial inclusion has become a pillar of economic and social development. It doesn't just mean individuals having access to banking services, but also empowering them to make smart financial decisions that contribute to improving their lives and supporting the stability of society as a whole." She emphasized that "the media's vital role is not limited to raising awareness, but extends to building a solid financial culture that enhances trust between citizens and financial institutions."

She explained that "the government's drive to promote the use of electronic payment methods has become an urgent necessity imposed by modern developments, which requires all parties, whether academics, journalists, or institutions, to work together to guide society."

She emphasized that "media colleges play a pivotal role in preparing media professionals capable of delivering financial messages in innovative and credible ways, bringing economic concepts closer to all segments of society, especially marginalized groups or those previously excluded from the traditional financial system."

She emphasized that "the Central Bank of Iraq is committed to actively participating in building a more inclusive and equitable digital financial system, and is opening doors to cooperation with universities, researchers, and all relevant parties to achieve this goal. This can be achieved by: organizing workshops and seminars within universities to introduce students to the concepts and importance of electronic payments, providing technical and cognitive support for university research focused on digital transformation and digital finance, encouraging financial innovation among students by urging the financial sector to offer financial products and services tailored to the student segment, and offering accessible digital solutions. It also aims to involve students in awareness campaigns as active contributors to spreading a responsible financial culture in society."

She concluded by saying, "This integration between the Central Bank and universities aims not only to increase the use of electronic payment tools, but also to create a financially and technically literate generation capable of leading the national economy toward greater progress and modernity." She emphasized that "investing in financial awareness within universities is an investment in Iraq's future and the best path to achieving true and sustainable digital financial inclusion."  LINK

************

Clare:  The Central Bank of Iraq organizes an introductory workshop for the National Job Day Award.

The Central Bank of Iraq organized an introductory workshop on the National Job Day, which honors a number of innovators in various ministries and state institutions.

The workshop was attended by the Executive Director of the National Job Day Initiative at the Prime Minister's Office, Mr. Amjad Al-Khafaji, who reviewed some success stories of Iraqi state employees.

He emphasized that there are 1,275 committees distributed across all civil, military and security departments of the state, with approximately 5,000 employees working under them. They work to select inspiring success stories to be included in the National Job Day award, as the award motivates state employees to be creative.

He emphasized that the award is divided into four sections: the first is for Hope Makers, the second is for Inspirational People, the third is for Dedicated People, and the last is titled the Job Day Initiative, which is the category for state institutions for their employees.

At the end of the workshop, the Director of Women's Empowerment and Head of the Job Day Committee at the Central Bank of Iraq, Ms. Alaa Jamal, was honored.

It is noteworthy that the National Job Day Award aims to highlight the importance of public service and the role of national competencies in building the state.

 Central Bank of Iraq
Media Office
April 23, 2025

https://cbi.iq/news/view/2863

************

Clare:  Kurdistan PM Welcomes U.S. Delegation, Discusses Religious Freedom, Unity, and Political Progress

4/23/2025  ERBIL —

Kurdistan Region Prime Minister Masrour Barzani on Wednesday, April 23, received a high-level U.S. delegation led by Riley Barnes, the Deputy Assistant Secretary for Democracy, Human Rights, and Labor at the U.S. Department of State.

The meeting, attended by U.S. Consul General in Erbil Steve Bitner, emphasized America’s continued engagement in the Kurdistan Region and began with the delegation expressing their appreciation for participating in Kurdistan’s National Prayer Breakfast Day.

A key focus of the discussions was the Kurdistan Region’s commitment to peaceful coexistence and religious freedom. PM Barzani and the delegation explored the current state of interfaith harmony in the Region, which has long been recognized as a safe haven for religious and ethnic minorities amid regional unrest.

The talks also highlighted pressing political developments, particularly the urgency of forming the new Kurdistan Regional Government (KRG) cabinet. Both sides underlined the importance of resolving internal political issues swiftly to maintain stability and continue development.

In addition, the conversation touched on the timely resumption of oil exports from the Kurdistan Region—a matter with significant implications for both regional economics and Erbil-Baghdad relations.

This meeting underscores the continued strategic partnership between the United States and the Kurdistan Region, particularly on issues of governance, human rights, and religious pluralism.   LINK

Clare:  Trump to ‘Strengthen Ties’ with Saudi Arabia, Qatar, UAE in Visit Next Month

WASHINGTON DC, United States — 

U.S. President Donald Trump will visit Saudi Arabia, Qatar, and the United Arab Emirates (UAE) next month, White House Press Secretary Karoline Leavitt told reporters on Tuesday. 

Trump’s trip to the three Gulf countries will take place between May 13 and May 16.

Originally, that trip was scheduled to be Trump’s first trip abroad, underscoring the importance of those countries, particularly Saudi Arabia, in the administration’s policy making.

That is a continuation of Trump’s approach from his first term in office. Then, Trump made his first trip abroad to Saudi Arabia.

However, with the death of Pope Francis, Trump his first trip overseas in his second term will be to Rome, where he will attend the pope’s funeral on Saturday. 

In addition, Qatar’s Prime Minister, Mohammed bin Abdulrahman Al Thani, who is also his country’s Foreign Minister, is visiting Washington, and he met on Tuesday with Secretary of State Marco Rubio. 

Strengthening Ties with Middle Eastern Allies

“The president looks to strengthen the ties between the United States and these countries” that he will be visiting next month, Leavitt said on Tuesday, as she discussed Trump’s upcoming trip.

Although Saudi Arabia is the focus of this diplomacy, it is broad and far-reaching, and it includes the Kurdistan Region as well.

This diplomacy goes back to the first days of Trump’s second term. Saudi Arabia served as the site for the initial talks that the Trump administration held related to its mediation of the war between Russia and Ukraine. 

That event marked the first of a series of meetings between senior U.S. and Saudi officials. It is now culminating in Trump’s visit to Saudi Arabia.

Thus, in mid-February, Rubio and National Security Council Advisor Michael Waltz travelled to Saudi Arabia, where they met with Russian officials. In that context, they also saw the Saudi Crown Prince and de facto ruler, Mohammed bin Salman.

Then, at the end of February, the Saudi Defense Minister, Khalid bin Salman, continued that diplomacy with a visit to Washington.

In March, Rubio and Waltz returned to Saudi Arabia to meet with Ukrainian officials. Again, they also met with Mohammed bin Salman.

And earlier this month, Saudi Foreign Minister Prince Faisal bin Farhan al-Saud visited Washington.

In hindsight, those meetings have served to help prepare for Trump’s visit next month to Saudi Arabia, as well as to the much smaller Gulf states of Qatar and the UAE.

Qatari Prime Minister and Foreign Minister

Indeed, Mohammed bin Abdulrahman Al Thani, Qatar’s Prime Minister and Minister of Foreign Affairs, met with Rubio in Washington on Tuesday.

Qatar hosts the largest U.S. air base in the Middle East, Al Udeid. The British Royal Air Force is also located there.

In their meeting, Rubio and Al Thani “discussed the important strategic partnership” between their two countries, “including close security and economic cooperation and shared efforts to address regional challenges in Gaza, Lebanon, and Syria,” the U.S. read-out said.

They also pledged closer coordination, as they “reiterated both countries’ support for greater security and stability in the Middle East and emphasized the importance of increased collaboration on bilateral and regional issues.”   LINK

************

Clare:  Al-Sudani welcomes Macron's upcoming visit and affirms the convergence of visions between Baghdad and Paris on regional issues.

4/23/2025

Prime Minister Mohammed Shia al-Sudani welcomed French President Emmanuel Macron's upcoming visit to Iraq on Wednesday, stressing the convergence of views between Iraq and France on developments in the region. 

Al-Sudani's media office stated in a statement received by {Euphrates News} that "the latter received the French Foreign Minister Jean-Noël Barrot and his accompanying delegation, pointing to the strong relations with France that have clearly developed since his visit to Paris about two years ago and the signing of the strategic agreement. He also welcomed the upcoming visit of French President Emmanuel Macron to Iraq, and stressed the convergence of views between Iraq and France regarding the region." 

The Prime Minister expressed "Iraq's desire to hold the Iraqi-French Business Forum in the capital, Baghdad." He also stressed the importance of stability in the region, particularly in Syria, and the need to adopt the principles of citizenship, peaceful coexistence, and the participation of all components in governing the country. 

For his part, Barrow conveyed the greetings of French President Emmanuel Macron to the Prime Minister and praised his government's efforts to transform Iraq into a successful and attractive investment destination, raising its rankings in the safest categories.

He also stressed "the need to coordinate positions with Iraq, as it is a pivotal country, and to strengthen relations with it, particularly on the economic front, and to encourage French companies to operate in Iraq." 

He also noted his government's commitment to military and security cooperation and the fight against terrorism, in light of the bilateral agreements signed regarding military equipment, stressing that his country's government shares Iraq's position on developments in Syria and the region.   LINK

FRANK26….4-22-25….IT’S REAL!!!

KTFA

Tuesday Night Conference Call

FRANK26….4-22-25….IT’S REAL!!!

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE=IMPLEMENTATION

https://www.youtube.com/watch?v=pW6W-goWlc4

More “Iraq News” Posted by Clare at KTFA 4-21-2025

KTFA:

Clare:  APIKUR Pushes for Written Agreements in Ongoing Kurdistan Region Oil Export Negotiations

4/20/2025   ERBIL  —

Member companies of the Association of the Petroleum Industry of Kurdistan (APIKUR) reiterated their call for formal written agreements during the latest round of discussions with Iraqi and Kurdistan Regional Government (KRG) officials over the resumption of oil exports via the Iraq-Turkey pipeline.

The meeting, held on April 20, focused on the necessary conditions to restart oil flows that have been suspended for over a year. While all sides presented their positions on a range of technical and legal matters, no final agreements were reached.

APIKUR member companies emphasized the need for fair implementation of Iraq’s federal budget law, especially regarding the role and responsibilities of an independent consultant tasked with overseeing oil production and exports. They also stressed that any future arrangements must not infringe on existing contracts with international oil companies (IOCs), which have been upheld by Iraqi courts.

Crucially, APIKUR is seeking written agreements that provide clear guarantees on payment terms and the settlement of outstanding arrears. According to a statement from the organization, the member companies "did not receive satisfactory assurances" on these key issues during Saturday's meeting.

In an effort to move the talks forward, several APIKUR members have submitted draft sales and lifting agreements, along with detailed recommendations for the independent consultant’s scope of work, to both KRG and federal Iraqi officials.

Despite the lack of immediate progress, APIKUR reaffirmed its readiness to resume exports—contingent on securing signed agreements that protect the fiscal and economic terms of their existing contracts.

The talks come amid growing pressure to resolve the impasse, which has had significant financial implications for both the federal and regional governments, as well as oil companies operating in the Kurdistan Region.  LINK

************

Donald J. Trump  @realDonaldTrump

 Since our announcement of LIBERATION DAY, many World Leaders and Business Executives have come to me asking for relief from Tariffs. It’s good to see that the World knows we are serious, because WE ARE!

They must right the wrongs of decades of abuse, but it won’t be easy for them. We must rebuild the Wealth of our Great Country, and create true RECIPROCITY.

But for those who want the easiest path: Come to America, and build in America!

Donald J. Trump   @realDonaldTrump

NON-TARIFF CHEATING:

1. Currency Manipulation
2. VATs which act as tariffs and export subsidies
3. Dumping Below Cost
4. Export Subsidies and Other Govt. Subsidies
5. Protective Agricultural Standards (e.g., no genetically engineered corn in EU)
6. Protective Technical Standards (Japan’s bowling ball test)
7. Counterfeiting, Piracy, and IP Theft (Over $1 trillion a year)
8. Transshipping to EVADE Tariffs!!!

Apr 20, 2025, 5:13 PM

https://truthsocial.com/@realDonaldTrump

************

Clare:  Al-Sudani acknowledges the "actual" realization of the budget deficit

4/21/2025

Iraqi Prime Minister Mohammed Shia al-Sudani acknowledged on Monday that the federal budget deficit has been realized.

In his speech during a meeting with the head and members of the Dhi Qar Provincial Council, as reported by Shafaq News Agency, Al-Sudani said, "In our government, the budget deficit has actually appeared to achieve accomplishments, and there is efficiency in spending, performance, and work, while the previous deficit was planning."

He added, "Our government has arranged the spending mechanism according to the principle of the most important, then the important, and we have worked in many sectors and achieved positive results," indicating, "In the 2024 budget, (156) trillion dinars were spent out of (213) trillion planned, including (90) trillion for salaries, (40) trillion for operational, and (13) trillion for ministries and governorates' projects."

Last year's budget amounted to 211 trillion dinars, with revenues estimated at 144 trillion and 336 billion dinars, while expenditures amounted to 210 trillion and 936 billion dinars, and the deficit was 63 trillion and 599 billion dinars.   LINK

Clare:  Al-Sudani's advisor: Iraq's foreign exchange reserves are fine.

4/21/2025- Baghdad

 The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Monday that Iraq's foreign exchange reserves cover 100% of the national currency.

Saleh said, "Iraq's foreign currency reserves still have the capacity to cover 100% of the national currency issued, and that commercial efficiency has been achieved."

He added, "These reserves still cover the country's imports for three months, and therefore foreign reserves are considered stable." He pointed out that the development of the optimal external use of foreign currency is achieved through a careful balance between the role of these reserves in maintaining the foreign purchasing power of the dinar and the stability of the exchange rate, and the standard of reserve efficiency, which is one of the functions of monetary policy as an independent body in achieving its goals of monetary stability and economic development.

On March 31, 2025, the Central Bank of Iraq revealed that the central bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when they reached 145.64 trillion dinars.

 The Central Bank confirmed that the reason for the decline in foreign reserves is due to the rise in domestic public debt, which is intended to cover the real deficit in the state's general budget. LINK

************

Clare:  KRG Shifts “My Account” Salary Banking Project to Ministry of Finance

By Dler Mohammed    ERBIL — 

In a strategic move aimed at streamlining the salary distribution system, Kurdistan Region Prime Minister Masrour Barzani has issued a directive to transfer the management of the “My Account” banking initiative for public sector salaries to the Kurdistan Regional Government’s (KRG) Ministry of Finance and Economy.

The decision was officially confirmed on Sunday, in a formal statement signed by Omed Sabah, Head of the Council of Ministers' Office. According to the statement, the transfer of responsibility is based on Barzani’s order to ensure compliance with the legal and procedural standards of Iraq’s Federal Central Bank.

Under this shift, the Ministry of Finance will now oversee the implementation and administration of the “My Account” project, which is designed to deposit government employee salaries directly into individual bank accounts. The ministry is also tasked with ensuring that the project aligns with federal banking laws and regulations, safeguarding public servants' accounts' financial integrity and privacy.

The “My Account” initiative—Hajmari Min in Kurdish—was originally managed by a specialized team reporting to the Council of Ministers. It was launched as part of broader reform efforts by the KRG to modernize its payroll system, increase transparency, and reduce corruption related to salary disbursements.

By transferring authority to the Ministry of Finance, the government aims to centralize oversight, improve efficiency, and establish a more permanent institutional framework for the project. The move reflects a broader commitment to fiscal reform and digitization within the public sector, consistent with global standards for financial governance.

The transition also addresses concerns about regulatory compliance, particularly regarding federal oversight and banking law adherence—critical for ensuring continued coordination with Iraq’s financial institutions and international banking partners.

As the Ministry of Finance assumes full control of “My Account,” it is expected to roll out additional measures to protect user data and enhance the platform’s accessibility and reliability for tens of thousands of government employees across the Kurdistan Region.  LINK

************

Clare:  Rafidain Bank announces the third issuance of national investment bonds.

 4/21/2025 

In line with the directives of the Ministry of Finance and the Central Bank of Iraq, Rafidain Bank is offering citizens and investors a unique investment opportunity through the third issue of national bonds, which will be offered for subscription from April 20, 2025, until May 20, 2025, in two categories that generate fixed and rewarding returns:

Details of the offered bonds:
 1. Investment bond worth (500,000) five hundred thousand dinars
 • Annual return: 8%
 • Investment period: two years
 • Interest payment: every six months
 2. Investment bond worth (1,000,000) one million dinars
 • Annual return: 10%
 • Investment period: four years
 • Interest payment: every six months

Why invest with us?
 • A guaranteed and fixed return higher than traditional banking returns
 • A national investment supported by the state through the Ministry of Finance and the Central Bank
 • An ideal opportunity for savers and those looking for a safe investment
 • Available to individuals and companies

We invite you to seize this lucrative investment opportunity by visiting the nearest Rafidain Bank branch in Baghdad and the governorates to submit a purchase request and benefit from the benefits of this issuance.  LINK