FRANK26….5-20-25…….13303

KTFA

Tuesday Night Conference Call

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

FRANK26….5-20-25…….13303

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=fLMoCGuribk

Iraq news and more posted by Clare at KTFA 5-19-2025

KTFA:

Clare:  The US Treasury just shocked Americans with a $258B surplus — its 2nd biggest monthly surplus in history

The US Treasury just shocked Americans with a $258 billion surplus — its 2nd biggest monthly surplus in history.Is Trump’s plan surprisingly working?

Jing Pan    Sun, May 18, 2025

Budget deficits are something we’ve come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn’t be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise.

In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion.

That’s not just any surplus — it’s the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022’s $308.2 billion surplus.

Does that mean President Trump’s plan is working?

According to the U.S. Department of the Treasury, the surplus was driven by “large individual tax deposits,” with April being the due date for final payments on prior-year taxes and the first installment of quarterly estimated taxes for many individuals and businesses.   LINK

Clare:  Iraq is preparing to hold the Baghdad International Energy Forum with the participation of 12 countries in September.

5/19/2025

The capital, Baghdad, is preparing to host the "Baghdad International Energy Forum," one of the most prominent international events in the energy sector, in early September 2025.

The Ministry of Oil stated in a statement received by {Euphrates News} a copy of it, that: “This important event is being organized under the patronage of Deputy Prime Minister and Minister of Oil Hayan Abdul-Ghani Al-Sawad, in partnership with the “Tomorrow” Foundation for Risk Management and the Iraqi Institute for Dialogue, and under the sponsorship of the Iraqi Oil Marketing Company (SOMO).”

She added, "Official invitations to attend the forum were extended to energy and oil ministers from twelve countries, in addition to senior executives from major international oil companies, and a select group of experts and specialists in various energy fields."

She continued, "The forum's sessions will address vital topics related to the concepts of environmental sustainability, technological innovation, and developments in global energy markets, as well as the challenges and opportunities facing the region in this context."

She noted that "this forum embodies Iraq's future directions in developing the oil, gas, and renewable energy sectors, and reflects its commitment to its active role in consolidating regional and international dialogue on the future of global energy."   LINK

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Clare:  In Washington, the Kurdistan Region signs two strategic energy agreements

5/19/2025

The Kurdistan Regional Government announced on Monday that Prime Minister Masrour Barzani sponsored the signing ceremony of two important energy agreements in Washington, D.C.

In a statement received by Shafaq News Agency, she said, "As part of his official visit to the United States, Kurdistan Regional Government Prime Minister Masrour Barzani oversaw the signing of two important agreements in the energy sector today, Monday, at the headquarters of the US Chamber of Commerce in Washington, DC."

The statement pointed out that the two agreements were concluded between the Kurdistan Regional Government on the one hand, and the American oil companies "HKN Energy" and "Western Zagros" on the other hand, which are companies specialized in this vital field.

These two agreements, estimated to be worth tens of billions of dollars, aim to develop and grow the oil and energy sector in the Kurdistan Region, in addition to strengthening its economic infrastructure.  LINK

PM Barzani’s U.S. Visit Focuses on Energy, Constitutional Rights, and Bilateral Ties

5/19/2025  By Dler Mohammed   ERBIL  — 

Kurdistan Region Prime Minister Masrour Barzani’s current visit to the United States has been described as “exceptionally strategic” as it comes at a critical juncture in both domestic and regional politics. The visit marks the first of its kind by a Kurdish leader under the Trump administration, underscoring Washington’s intent to strengthen its partnership with the Kurdistan Region of Iraq.

Noreldin Waisy, Press Secretary and Media Adviser to Prime Minister Barzani, emphasized the significance of the visit, which comes in response to an official invitation from the U.S. government. He said the visit is a milestone for Kurdish-American relations and serves as an opportunity to advance shared strategic interests.

Waisi emphasized that the KRG is not seeking conflict but rather a constitutional resolution to its disputes with Baghdad. His remarks came during an interview with the London-based Arabic-language daily newspaper Al Arab, where he elaborated on the region’s priorities ahead of PM Barzani’s meetings in the U.S.

“This visit is crucial not just for bilateral relations but for amplifying the Kurdistan Region’s perspective to the international community,” Waisy stated. “It comes at a time when Erbil is deeply frustrated with Baghdad’s failure to uphold constitutional agreements—especially in matters of oil revenues and federal budget entitlements.”

Barzani’s agenda in Washington includes high-level meetings with senior U.S. officials, members of Congress, policy think tanks, and American investors. He is also expected to take part in a specialized energy forum, where multiple agreements and MoUs with leading U.S. energy firms are anticipated.

Tensions with Baghdad Take Center Stage

Waisy accused the federal government of systematic financial pressure, including the deliberate withholding of Kurdistan’s share of the federal budget and delay in civil servant salaries.

He blamed Baghdad for violating multiple signed agreements, including the foundational “State Administration Agreement” that led to the formation of Iraq’s current government. “The federal government’s actions reflect a deeply entrenched centralist mindset that seeks to undermine the constitutional rights of the Kurdistan Region,” he said.

The core grievance centers on what Waisy described as “chronic violations” of revenue-sharing principles. “Despite the Kurdistan Regional Government’s transparency and legal compliance, Baghdad continues to use financial entitlements, particularly salary payments, as a political tool,” he added.

Energy Export Impasse and Federal Overreach

Touching on the energy file, Waisy said the federal government’s ongoing obstruction of oil exports from the Kurdistan Region—now lasting over two years—has inflicted losses amounting to billions of dollars on both the regional and national economies.

“Baghdad’s aim is clear: to keep Kurdistan excluded from the global energy map and force concessions that infringe on our constitutional authorities,” Waisy noted. “This is a broader effort to dominate Iraq’s wealth through centralized control.”

Public Opinion Warfare

Waisy also criticized what he called a “disinformation campaign” by certain Baghdad politicians who portray the Kurdistan Region as a burden on the rest of Iraq. “They frame the delayed and partial salary payments as a benevolent gesture rather than a constitutional right,” he said. “In reality, what is sent to the Region accounts for less than 5% of its rightful entitlements—far below the 14% share affirmed by recent demographic data.”

A Call for International Support and Federal Reassessment

Concluding his remarks, Waisy expressed hope that Barzani’s meetings in Washington would garner stronger international support for Kurdistan’s constitutional rights and further institutionalize its strategic alliance with the United States.

However, he warned of rising risks: “If Baghdad continues down this centralist path, the result could be irreversible deterioration in Erbil-Baghdad relations—jeopardizing not only the political balance but also the broader stability of Iraq.”

Waisy called on the federal government to take immediate and concrete steps to redress grievances and restore mutual trust. “The ball is in Baghdad’s court,” he said, “but the consequences of inaction will be felt across the entire Iraqi political landscape.”   LINK

FRANK26….5-16-25….BANK ON IT

KTFA

Friday Night Conference Call

FRANK26….5-16-25….BANK ON IT

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=jOcW1bw_Bro

FRANK26….5-13-25…..THEY STILL CALLING

KTFA

Tuesday Night Conference Call

FRANK26….5-13-25…..THEY STILL CALLING

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=WIsNoQ2TLr8

“Iraq and Iran” News posted by Clare at KTFA 5-12-2025

KTFA:

Clare:  Iraq on Trump's agenda during his Middle East tour

5/12/2025

 US President Donald Trump is embarking on a tour of the Middle East, including Saudi Arabia, the UAE, and Qatar. This visit is described as crucial given the profound changes taking place in the region .

The Saudi capital, Riyadh, is hosting the summit that will bring together Trump and the leaders of the Gulf Cooperation Council countries .

According to the White House, the visit's agenda will focus on enhancing investment and security cooperation, in addition to discussing hot regional issues. Specific agreements are expected to be signed, establishing a new phase of strategic partnership between the United States and the Gulf states .

The changes include events in Gaza, Lebanon, and regime change in Syria, in addition to relations between Iran and the United States, and Israeli attacks .

Regarding the situation in Iraq, despite the entry of pro-Iranian factions into the conflict, US pressure has forced these factions to surrender their weapons to the state, with Tehran's blessing, according to media reports .

Trump's upcoming visit is an opportunity to redefine America's role in the region and define Washington's interests in light of a new reality characterized by shifting alliances and balances of power .

Amidst the Gaza conflict and the changing maps of Syria, Lebanon, and Iraq, Trump is visiting the region carrying a new vision for American engagement in the Middle East .   LINK

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Clare:  Japanese Mazda launches in Iraq with a new look

5/11/2025

Al-Aroush Cars Company announced the signing of an official distribution agreement with the Japanese company Mazda, making it the exclusive distributor of Mazda vehicles in Iraq. The signing took place in Hiroshima City in the presence of Al-Aroush CEO, Sabah Abdul Latif Al-Salem, and Mazda's Global Sales Manager, Manabu Osoga.

Under the agreement, Al-Aroush will provide Mazda vehicles manufactured in Japan, known for their performance and design, while adapting them to the needs of the Middle East market.

The plan begins with the launch of two centers for sales, after-sales services, and spare parts in Baghdad and Sulaymaniyah, with additional centers to be opened later in Erbil and Basra. The company also aims to support existing Mazda owners in Iraq through a network of genuine service, maintenance, and spare parts.    LINK

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Clare:  "Quantum leap"... Iraqi ports receive 207 oil tankers during the first quarter of 2025.

5/12/2025

The General Company for Iraqi Ports announced on Monday that Khor Al-Zubair oil port received 207 oil tankers during the first quarter of 2025.

The company's general manager, Farhan Al-Fartousi, told Shafaq News Agency, "Khor Al-Zubair Oil Port has been able to provide marine services, including docking, launching, loading, unloading, and fuel loading for incoming ships."

He added that "the oil tankers received all logistical services within the port under the supervision of maritime control, with high efficiency," noting that "this performance reflects the development of the port's infrastructure and the efforts of its workforce."

Last February, the Director General of Iraqi Ports, Farhan Al-Fartousi, revealed an "unprecedented" achievement in Iraq's history: the International Maritime Organization's   LINK

Clare:  Al-Sudani appreciates the International Monetary Fund's efforts in supporting Iraq and its financial and monetary institutions.

5/12/2025- Baghdad

Prime Minister Mohammed Shia al-Sudani on Monday commended the International Monetary Fund's efforts in supporting Iraq and its financial and monetary institutions, reviving their vital role domestically and internationally.

The Prime Minister's Media Office said in a statement, seen by Al-Eqtisad News, that "Prime Minister Mohammed Shia al-Sudani received the head of the International Monetary Fund's mission to Iraq, Jean-Guillaume Poulin, and the Fund's Resident Representative in Iraq, Mohammed Jaber."

The statement added, "Al-Sudani appreciated the efforts of the International Monetary Fund in supporting Iraq and its financial and monetary institutions, thus restoring their vital role at the local and international levels, especially since the Fund is a key partner in Iraq's efforts to reform the economy and enhance its stability." He stressed that "the achievements made by the government in the financial, banking and economic fields represent positive steps towards achieving stability and sustainable development in the country."

According to the statement, Al-Sudani pointed to "the importance of continued support from international partners for the government in intensifying efforts to mitigate the impact of the challenges facing the region, thus facilitating the implementation of steps aimed at diversifying and sustaining the economy, through the investment environment it has provided that has attracted major development projects."

For his part, Polan commended the significant progress made by the Iraqi government in economic reform, including the development of the tax and customs system. He expressed the IMF's readiness to increase coordination and joint action, and to provide the necessary advice in areas of enhancing non-oil revenues.    LINK

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Clare:  Rafidain launches the second phase of "Riyada" with national funding and a new economic vision.

5/12/2025

Rafidain Bank announced, today, Monday, the launch of the second phase of financing the “Riyada” initiative projects, after the success of the first phase, which witnessed the financing of more than (8,000) productive projects at the individual level, with a total amount exceeding (107) billion Iraqi dinars, which constituted a real boost to the path of self-employment and stimulating the local economy.

Rafidain Bank's General Manager, Ali Karim Al-Fatlawi, confirmed in a statement received by {Euphrates News} that "the bank no longer views financing as merely a traditional banking service, but rather treats it as a strategic development tool with a national focus, aiming to support youth, stimulate local markets, and establish new foundations for a productive economy free from rent-seeking and random employment." 

He added, "The bank has allocated sufficient funds to finance new projects submitted through Riyada, after completing the technical, legal, and economic feasibility assessment requirements. He emphasized that Rafidain Bank is gradually transforming into the largest national platform supporting entrepreneurship and local production."

For his part, Hussein Flamarz, Advisor to the Prime Minister, pointed out that “the projects ready for financing exceed (10,000) projects, appreciating Rafidain Bank’s exceptional response to the initiative, and its close cooperation with the global smart card company (Ki Card) in facilitating procedures and reaching beneficiaries.” 

In this context, the Director General of Rafidain Bank renews his call to all national institutions, foremost among them the Central Bank of Iraq, to ​​actively engage in this national initiative by:

 • Allocating easy financing windows for emerging projects,

 • Launching a national fund to guarantee entrepreneurs’ loans,

 • Integrating the “Riyada” initiative into the upcoming financial inclusion strategy.   LINK

Clare:  Central Bank of Iran: Removing four zeros from the national currency is at the heart of the action plan for this year.

5/12/2025

The Governor of the Central Bank of Iran, Mohammad Reza Farzin, announced that removing four zeros from the national currency is one of the bank's priorities this year.

Mehr News Agency reported that during a specialized session on "Strengthening Monetary and Banking Governance and Investment in Production," Farzin noted that the Central Bank is seriously pursuing the country's monetary system reform program this year, explaining that removing four zeros from the national currency is one of the key measures included in the action plan.

Farzin added that the policy of controlling the growth of banks' balance sheets will continue, with the aim of curbing inflation and increasing liquidity. He emphasized that removing the four zeros from the national currency is part of the monetary system reform program, which is being seriously pursued.

The Central Bank Governor also noted that developing and issuing various types of monetary policy instruments, including deposit paper and inflation-protected securities, is among the bank's major objectives. He also emphasized that a special production account will be established to support the economy's productive sectors in a targeted manner.   LINK

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Clare:  Iran announces imminent visit of Russian president to Tehran

5/12/2025   Baghdad /  

The Iranian government announced, on Monday, that it is preparing to receive Russian President Vladimir Putin during an upcoming visit to Tehran, within the context of deepening strategic cooperation between the two countries.

Government spokeswoman Fatima Mohajerani said in a press conference, "Iran is awaiting President Putin's visit soon, and is currently working to complete the arrangements related to receiving the high-level Russian delegation."

This visit comes in light of rapid regional and international transformations, and growing coordination between Tehran and Moscow on political, security and economic issues.

Iranian President Masoud Pezeshkian visited Moscow in mid-January, where he met his Russian counterpart and oversaw the signing of the "Comprehensive Strategic Partnership Agreement" between the two countries, which Putin officially ratified on April 21.  LINK

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

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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

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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

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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

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KTFA

Wednesday Night Conference Call

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

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

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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

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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