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

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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

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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

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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

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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

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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

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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

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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

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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

Some “Iraq News” Posted by Clare at KTFA 4-20-2025

KTFA

Clare:  Al-Sudani congratulates Christians on Easter: May you have good health, safety and peace every year.

4/20/2025  Baghdad –

"We care about the precious diversity of our homeland."

Prime Minister Mohammed Shia al-Sudani congratulated Christians on Easter Sunday, affirming the government's interest in and support for diversity, which he said represents a source of strength and social and cultural richness.  LINK

Clare:  The Central Bank launches the virtual bank project.

The Central Bank of Iraq announces its adoption of a project to launch a virtual bank in Iraqi universities. This is the first virtual bank to be established in an Iraqi university. The first phase will be held at Al-Muthanna University, which hosted a comprehensive exhibition held on the sidelines of the second scientific conference "Artificial Intelligence and Labor Market Requirements."

The conference was organized by the University's College of Administration and Economics, in cooperation with Mansoura University of Egypt, the Central Bank of Iraq, the Muthanna Chamber of Commerce, and the Muthanna Chamber of Industry.

 The exhibition included pavilions representing a group of banks and companies, as well as displays of fine art and heritage.

The virtual bank project aims to provide students and graduates with practical experience in banking, preparing them to develop human resources capable of meeting the needs of financial institutions. It also aims to provide students with practical experience by simulating the work of financial institutions and adopting international best practices.

It also aims to encourage financial institutions operating in Iraq to access and expand financial services to all geographical regions of Iraq, with the aim of strengthening financial inclusion plans.

Central Bank of Iraq
Media Office
April 20, 2025

https://cbi.iq/news/view/2855

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Clare:  Baghdad and Erbil are discussing with foreign companies a mechanism for resuming the region's oil exports.

4/20/2025 Baghdad

An informed source revealed on Saturday that a tripartite meeting was held in Erbil, bringing together representatives of the federal government, the Kurdistan Regional Government, and foreign oil companies operating in the region, to discuss a mechanism for resuming Kurdistan's oil exports.

The source told Al-Ahed News, "The meeting addressed the activities of oil investment companies, discussed ways to resume oil exports from the region, and listened to the views of production companies regarding the next steps."

He added, "The meeting witnessed an extensive discussion of the technical and logistical challenges hindering the resumption of exports, and the importance of coordination between all parties was emphasized to ensure positive outcomes that serve the country's interests."

It is noteworthy that a meeting scheduled to be held last Saturday in the capital, Baghdad, between the federal Ministry of Oil, the Ministry of Natural Resources in the regional government, and the Kurdistan Oil Industries Union (APIKUR), was postponed for reasons yet to be revealed.  LINK

Clare:  Al-Sudani directs a re-evaluation of the oil licensing rounds in Iraq.

4/20/2025

Prime Minister Mohammed Shia al-Sudani directed, on Sunday, the need to re-evaluate the licensing rounds experience 15 years after their launch, stressing the need to work to remove obstacles facing investors in the oil and gas sector.

This came after he chaired a meeting with representatives of major foreign oil companies operating in Iraq, attended by the Minister of Oil, relevant authorities within the ministry, the Board of Supreme Audit, the General Tax Authority, and the Employment Department at the Ministry of Labor and Social Affairs, according to a statement issued by the Iraqi government.

The statement noted that the meeting, the second of its kind, discussed several issues, most notably the mechanism for stopping gas flaring and its investment, the water injection strategy, and the growth of investment in the oil sector, in addition to work permits and social security.

Al-Sudani directed the need to address the obstacles impeding project implementation, stressing that the partnership with companies in this regard is strategic and represents a government priority in maintaining and increasing production rates.

The Prime Minister emphasized the goal of developing production and raising the efficiency of oil reservoir management by introducing modern technology, improving facility performance, and ending the flaring of associated gas. He also emphasized the importance of achieving optimal utilization of this gas, whether in operating power plants or supporting vital industries such as petrochemicals, fertilizers, iron, and steel.

Al-Sudani also noted that the government is working to improve the operating environment for oil companies, enhance security at various sites and facilities, and develop infrastructure. He explained that the government is looking to enter into a long-term partnership with oil companies to ensure optimal use of oil and gas resources in a way that benefits the people and achieves development goals.  LINK

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Clare: Prime Minister's Advisor: The annual deficit set in the three-year budget is precautionary.

4/20/2025- Baghdad

Advisor to the Prime Minister, Mazhar Mohammed Saleh, confirmed on Sunday that the annual deficit set in the three-year budget is precautionary and within maximum spending limits. He explained that the three-year budget is based on a preventative philosophy to achieve economic and social goals without risks.

“The amended federal general budget, which was legislated under Law No. 13 of 2023 (the three-year budget), is proceeding in its financial measures within what is called the financial scope or fiscal space, which is a realistic and preventive philosophy based on the principle of using the financial flexibility available to the public finances to adjust its policies in arranging its priorities (such as public spending, taxes, or support levels),” said the Prime Minister’s advisor, Mazhar Mohammed Salih, in an interview with the Iraqi News Agency, followed by “Al-Eqtisad News.”

He pointed out that “this is in order to achieve economic and social goals, without causing major risks to financial stability or excessive increases in public debt.”

Saleh noted that "the aforementioned three-year general budget law, supported by the current amended Financial Management Law No. 6 of 2019, undoubtedly provides the ability to address the set deficit limits with the minimum possible amount of money," indicating that "this is what public spending has followed during the first quarter of fiscal year 2025."

Saleh explained that "although the annual deficit recorded in the three-year budget is 64 trillion dinars, it is a precautionary deficit that was drawn and calculated within the maximum spending limits of 200 trillion dinars, and the export prices of a barrel of crude oil at an annual average of about $70, and exported quantities of about 3.4 million barrels of crude oil per day," noting that "the budget implemented in the fiscal year 2024 was with a comfortable ceiling that did not exceed 156 trillion dinars, with partial borrowings from the domestic financial market that also did not exceed less than half of the ceiling set for borrowing to cover the deficit, and with an average barrel of oil that was $75 per exported barrel."

He continued: "What we need today, in light of the fluctuations in the global oil market, the decline in the oil asset cycle and the expectations surrounding it, requires a review and high discipline in examining expenditures in general and operating expenditures in particular, and accurately controlling their paths and resorting to what is called a budget of sufficiency with the minimum level of expenditure while maximizing financial resources in a manner commensurate with the total expenditure that meets the basic needs of the national economy within the financial space, such as the importance of securing salaries, wages, pensions and social care as a first priority, in addition to agricultural support."

He added that "working to involve the private sector in and finance development projects is a testing opportunity to prove the role of the partnership between the state and the private sector in supporting development and demonstrating the role of the partnership philosophy in overcoming the economic challenges imposed by energy markets as an external international factor on the total economic activity."

He stressed that "the 2025 budget tables being prepared and presented to the House of Representatives must reflect the current conditions in the international economy, whether in terms of international trade protectionist wars or the cautious price fluctuations facing energy markets that affect the financial budgets of the OPEC+ group of countries, including our country, during the current year, in light of cautious global geopolitical and economic fluctuations that have not yet stabilized." LINK

FRANK26…4-16-25….140 = HCL = NEW RATE ?

KTFA

Wednesday Night Conference Call

FRANK26…4-16-25….140 = HCL = NEW RATE ?

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=4Pjx8QJqZMs

“Vietnam News” Posted by Henig at KTFA 4-16-2025

KTFA:

Henig:  Việt Nam has 200 million personal payment accounts: expert

April 15, 2025 - 20:40

The banking sector is vital to this transformation, playing a leading role in meeting customer demands and contributing to national digital goals. Recent years have seen significant advancements in the Vietnamese banking industry, aligning with the Digital Transformation Plan for the Banking Industry to 2025, which has a vision extending to 2030

By early 2025, personal payment accounts in Việt Nam are expected to exceed 200 million, according to the Deputy Director of the Payment Department at the State Bank of Vietnam (SBV), Lê Anh Dũng,.

Dũng made the remarks during a two-day conference on World Financial Innovation Series 2025 starting in Hà Nội on Tuesday. He noted that many banks have successfully reduced their cost-to-income ratio (CIR) to below 30 per cent, showcasing improved efficiency through comprehensive digital transformation, positioning them alongside leading financial institutions in the region.

 Dũng emphasised that Việt Nam is entering a pivotal phase of development, aiming to become a developed nation by 2045, as outlined in Resolution 57-NQ/TW by the Politburo. This resolution focuses on breakthroughs in science, technology and national digital transformation.

In this context, digital transformation is not just a trend, but a crucial driver for sustainable economic growth, enhanced national competitiveness and improved quality of life. The banking sector is vital to this transformation, playing a leading role in meeting customer demands and contributing to national digital goals.

 Recent years have seen significant advancements in the Vietnamese banking industry, aligning with the Digital Transformation Plan for the Banking Industry to 2025, (Decision 810/QĐ-NHNN). To enhance operational efficiency, customer experience and risk management, credit institutions have heavily invested in advanced technologies such as artificial intelligence (AI), machine learning, big data, cloud computing and robotic process automation (RPA).

The trend of hyper-personalisation is emerging as a key highlight in the banking sector, enabling the provision of tailor-made products and services for each customer based on real-time data analysis and transaction context. This approach has yielded impressive results, by early 2025, over 90 per cent of financial transactions at many credit institutions were conducted through digital channels. This achievement reflects the industry's commitment to focusing on customers, enhancing user experiences and delivering practical benefits.

Most banks have effectively used the National Population Database to implement customer identification via chip-embedded citizen identification cards. As a result, the number of personal payment accounts has surpassed 200 million, with transaction growth via the internet, mobile devices and QR codes reaching 35 per cent, 33 per cent, and 66 per cent respectively, compared to the same period in 2024. Many banks have successfully reduced their cost-to-income ratio (CIR) below 30 per cent, showcasing their efficiency and alignment with leading financial institutions in the region.

Lê Anh Dũng emphasised that these figures not only highlight the rapid pace of digital transformation but also illustrate financial inclusion, enabling tens of millions of people—especially in rural and remote areas—to access convenient and modern financial services.

 According to Dũng the Vietnamese banking industry, while achieving significant progress in digital transformation, also faces several challenges. The foremost challenge is ensuring network security and data protection. High-tech attacks, such as deepfake technology and identity fraud, are becoming increasingly sophisticated and widespread, necessitating robust security measures.

 There is an ongoing need to invest in modern technology infrastructure and develop human resources equipped with digital skills. This requires coordinated efforts among management agencies, credit institutions and technology partners to address these gaps effectively.

The legal framework must continue to evolve to keep pace with technological advancements and emerging business models. It is crucial to strike a balance between encouraging innovation and ensuring system stability, safety and consumer protection. The Vice Chairman and General Secretary of the Vietnam Banking Association, Nguyễn Quốc Hùng, highlighted the significant impact of digital transformation in the banking sector.

Through this transformation, banks are able to offer practical products and services that enhance user experience for both individuals and businesses. This effort aligns with the government's Project 06, focusing on modernisation and efficiency.

 Key advancements include the implementation of biometric authentication and one-touch payment systems via QR codes. Furthermore, the banking industry is actively leveraging artificial intelligence in two primary areas: AI is used for forecasting and optimising business operations. AI helps in identifying fraud and money laundering risks, ensuring compliance with regulations.

In addition, banks are enhancing online public services, integrating them with the National Public Service Portal. Currently, over 90 per cent of work records are managed online, with nearly 14.6 million accounts and 46.2 million records submitted through the portal. The system has facilitated approximately 26.8 million online payment transactions, amounting to more than VNĐ12.9 trillion (US$516 million). This comprehensive approach underscores the commitment of the banking sector to innovate and improve service delivery through technology. At the sideline of the event, Praveen Venu, co-founder of the Indian Tradepass - the organiser of the event - said digital transformation is becoming increasingly critical across all sectors, particularly in the financial services industry.

 In Việt Nam, there is a significant surge in interest from digital banks and technology providers eager to showcase their capabilities to financial institutions.

 The exhibition features impressive companies introducing cutting-edge digital transformation solutions. Topics of great interest include digital banking, AI in banking, cybersecurity in the financial sector and customer experience. These subjects will be focal points of discussion throughout the two-day event. “We have seen remarkable engagement not only from delegates but also from many technology providers, all eager to participate in this vital conversation.

The impact of digital banking in Việt Nam is substantial, with a growing number of Neo banks emerging across Southeast Asia, positioning Việt Nam as a promising market for this model,” he said.— VNS LINK

Henig:  Việt Nam’s digital future in the spotlight at GSMA Digital Summit Hanoi

April 15, 2025 - 15:05

Stakeholders gathered at the GSMA Digital Summit Hanoi to drive secure, inclusive digital growth and tackle rising fraud threats head-on as Việt Nam fast-tracks its transformation into a leading digital economy.

HÀ NỘI — Leaders from government, industry and the tech sector gathered at GSMA Digital Summit Hanoi on April 15 to address one of the most pressing challenges facing the region’s digital transformation: the growing threat of scams and erosion of consumer trust.

The summit builds on insights from GSMA’s Mobile Economy Asia Pacific and Digital Nations reports and findings from the recent 'Towards an Inclusive Digital Nation: Addressing the Scam Economy and Preserving Trust in the Digital Ecosystem' report, highlighting growing concerns across the region.

 In Việt Nam, 74 per cent of consumers now use e-wallets, yet 89 per cent say they fear account hacking, and 95 per cent are concerned about the misuse of their personal data online. “Việt Nam stands at a defining moment in its digital journey,” said GSMA's Head of Asia Pacific Julian Gorman.

"On one hand, high mobile adoption and a flourishing e-wallet market are unlocking incredible opportunities for economic growth and financial inclusion. On the other hand, rising scams and identity threats are putting consumer trust at risk.

This summit brings industry and government leaders together to take meaningful action - from smarter regulation to innovative fraud solutions - so that Việt Nam’s digital future remains secure, inclusive and built on trust.” At the event, delegates explored practical measures to combat digital fraud, including real-time transaction verification, multi-factor authentication, Silent OTP solutions and closer collaboration between mobile operators, banks and fintech players.

Participants also addressed the threat of SIM-swap fraud - a concern for 78 per cent of Vietnamese consumers, well above the regional average - and how API-driven security tools, such as those enabled by the GSMA Open Gateway initiative, can be effectively integrated across sectors.

A dedicated session focused on the broader 'scam economy' challenge, highlighting how unchecked fraud could stall the adoption of digital services and erode the foundations of the digital ecosystem. Speakers emphasised the need for coordinated action on consumer protection, from enhanced fraud monitoring to public education campaigns.

Despite Việt Nam’s strong digital uptake, challenges persist around digital literacy and extending connectivity to underserved communities. Attendees stressed the importance of public-private partnerships to expand mobile coverage, improve digital skills and support a regulatory environment that promotes both innovation and safety.

Throughout the summit, discussions returned to a central theme: trust. Whether enabling e-wallets, protecting data or delivering public services, the success of Việt Nam’s digital transformation depends on maintaining consumer confidence.

 Stakeholders also called for cross-sector collaboration to create a secure and user-friendly digital environment, rooted in transparency and resilience.

In line with this goal, the GSMA also announced the renaming of the APAC Fintech Forum to the ASEAN Fintech Forum, sharpening the focus of regional collaboration on combatting scams and fraud within ASEAN and tackling the export of scams and fraud from the region. To launch this new chapter, the first ASEAN Fintech Forum Roundtable was held alongside the summit, bringing together fintech, telco and regulatory leaders to explore joint solutions to shared threats and unlock new growth opportunities.

Việt Nam is experiencing remarkable growth in mobile-led services and could soon become a leading digital nation in Asia Pacific, powered by high smartphone penetration, strong connectivity and supportive policies.

 Việt Nam’s National Digital Transformation Programme aims to position the country among the world’s top 30 digital nations by 2030, with bold goals including nationwide 5G and fibre access, the development of over 100,000 digital technology businesses and a workforce of 1.5 million people skilled in digital technologies. — VNS    LINK

FRANK26…4-14-25….IRAN…DEAL OR NO DEAL

KTFA

Monday Night Conference Call

FRANK26…4-14-25….IRAN…DEAL OR NO DEAL

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=_fbnY15s6g0