Laid Back

“This growth reflects an increase in public confidence in Iraqi private banks and the ability of private sector banks to acquire part of the monetary mass issued outside the banking system” “The increase in the volume of deposits in the private banking sector will contribute to strengthening the wheel of economic growth through the tendency of these banks to invest deposit funds in beneficial economic projects through which they can achieve profits to cover the interest paid on these deposits” - Increase public confidence in Iraqi private banks - Increase financial inclusion - Increase in volume of deposits and capital - Acquire part of the monetary mass outside the banking system ( Chunky Cash) More than 9.25 trillion of chunky cash back into the banking system They are reducing the monetary mass. Go delete of 000 Go Lower denomination notes Go Stronger dinar Go purchasing power

I thought the same thing. Lets go Stronger Dinar.!

“Iraqi society prefers to rely on cash in daily transactions” Go delete of 000 Go Lower Denomination notes Go Stronger Dinar Go Purchasing power

Undersecretary of the Minister of Commerce, Sattar Al-Jabri, considered on Tuesday that the issue of Iraq’s accession to the World Trade Organization was imminent, while he stressed that the current federal government would achieve self-sufficiency and not depend on the importer Go Iraq Go WTO Go Open market economy Go trade Go economic growth Go Stronger dinar

the “”Iraqi President, Engineer Muhammad Shiaa Al-Sudani””, he uttered a very important phrase (keep the dinar). Today, through my humble vision, I bear witness that the “”Iraqi dinar will return to its lofty economic value”” Go Stronger Dinar 👊🏼💵

WTO and ASYCUDA = Open Market Economy. Go Open Market Economy Go Trade Go Import/Exports Go Stronger Dinar

It is possible that they Peg the dinar to these basket of currencies (euro, Chinese yuan, Turkish lira, UAE dirham and Indian rupee). There’s a lot of commercial exchange between them. Go trade Go Imports / exports Go stronger dinar

23k Posted 7 hours ago IMF Promises to support Iraq's Digital Transformation Economic News Agency - IMF promises to support digital transformation in Iraq (economy-news.net) The Iraqi delegation, headed by Finance Minister Taif Sami, concluded on Thursday its talks with the Article IV mission of the International Monetary Fund (IMF) staff in Amman. The Ministry of Finance said in a press statement that "during the talks, they reviewed the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development structure, financial sustainability and maximizing non-oil revenues." According to the statement, the Iraqi delegation stressed that "the Fund promised to support development programs to advance public financial management, digital transformation, banking, retirement and customs sectors, and to enhance efforts to participate in the private sector through investment incentives, infrastructure and reconstruction," noting "its intention to continue discussions and consultations during the Fund's periodic annual meetings." The IMF mission praised "the good progress achieved in many financial and monetary aspects, in the areas of transparency, control, provision of financial statements and rationalization of expenditures, in addition to the return of growth in the non-oil sector strongly during 2023 with a noticeable decline in inflation rates, and its reflection on the decline in food and energy prices." The mission noted "the positive developments from the return of trade finance operations to normal and the stability of the foreign exchange market following the implementation of anti-money laundering and combating the financing of terrorism controls on cross-border payments," welcoming "government plans aimed at strengthening public financial management, including welcoming the steps taken by the government towards establishing a unified treasury account, improving cash liquidity management and increasing the tax base, as well as reviewing the tariff structure and achieving further targeting in the country." Social support and care." The mission also expressed optimism that "the level of understanding and progress achieved with the Iraqi government and the steps of coordination and joint consultations that will be completed in the near term will contribute to addressing the financial problems posed by the circumstances of international conflicts and their accompanying economic impacts," explaining that "structural reforms aimed at stimulating economic diversification and creating jobs led by the private sector are pivotal to achieving sustainable and inclusive growth." According to the statement, priorities include creating equal opportunities for the private sector through banking and electricity sector reforms, reducing distortions in the labor market, and continuing efforts to strengthen governance and reduce the spread of corruption. Looks like the IMF is happy with the latest developments in Iraq. Go Iraq 🇮🇶 Go development Go Economic growth Go stronger dinar

CBI total Assets 207 trillion IQD / 1310 = $158 billion dollars. “Demanding that Iraq, which is politically, economically and security-fragile as a unit, detach itself from American hegemony and the dominance of the dollar, without a global trend to create another economic pole, is a type of economic and political suicide currently. So let us wait what the results of BRICS will be, as it is the only initiative today to find an alternative to the dollar. Will this be able to do so?” Countries can break away from the dominance of the dollar, and then a direction and strategy can be developed for Iraq to distribute its investments among various countries. Is it really in Iraq’s interest to break away from the American dollar?” Go Iraq 🇮🇶 Go sovereignty Go BRICS Go Stronger Dinar Great Article. Thanks RJG

It will be very influential. Baghdad, as well as other cities in the modern Iraq, represented the convergence of the land and maritime roads. Including those from China across central Asia and Iran linking these regions to the Mediterranean and Europe. The HUB in the Middle East. Go Iraq 🇮🇶 Go WTO Go open market economy Go Trade Go imports / exports Go stronger dinar

Development and Progress.! Go Iraq Go investment Go Development Go economic growth Go Stronger dinar

148 trillion IQD / 1310 = $113 billion dollars in foreign currency reserves. This is interesting, in the past they always referred to the foreign currency reserves in billions U.S Dollars. Now they referred in Trillions IQD. It brings to my mind the words of PM Al-Sudani; “keep your dinar because your dinar is stronger” Go Sovereignty Go Local currency Go Stronger Dinar

“The Central Bank of Iraq revealed, on Wednesday, that the volume of deposits in the banking sector had increased to more than 180 trillion dinars, as well as an increase in bank credit to 69 trillion dinars, indicating that the volume of foreign cash reserves had reached 148 trillion dinars.” 148 trillion IQD / 1310 = $113 billion dollars of foreign cash reserves. “According to experts, the Iraqi government, through attempts to apply electronic payment, aims to withdraw the cash mass in circulation in Iraq, which amounts to 84 trillion dinars” 84 trillion IQD / 1310 = $64 billion dollars cash mass in circulation $113 billions in cash reserves / $64 billion cash mass in circulation = $1.77 Go delete of the 000 Go Lower Denomination notes Go Stronger Dinar Go Purchasing Power

Data from the Central Bank of Iraq show a decrease in the amount of printed currency by 1.2 trillion dinars between the months of November and December 2023, while indicating that this decrease in the amount of currency is the third largest decrease recorded in 20years They are reducing the monetary mass. Go Stronger dinar.!

Federal Government manage the budget and pays salaries Kurdistan Region hand over all oil and non-oil revenues to the federal government. Go HCL Go Profits sharing Go Stronger Dinar

I think the last Iraqi Supreme Court decision will help to move the HCL forward. Shafaq News/ The Federal Supreme Court (FSC), Iraq's highest judicial authority, on Wednesday ordered both Prime Minister Mohammed Shia al-Sudani and Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani to centralize the salaries of public sector employees in federal banks. The FSC held a special session earlier on Wednesday to consider two cases: the salaries of public sector employees and the election law in the Kurdistan Region. FSC Chief Justice Jassim Mohammed Aboud al-Amiri read the verdict on the case of the salaries of the region, which obliges both Sudani and Barzani to centralize the salaries of all employees of government agencies in the center and the region in federal banks outside the Kurdistan Region. The court also decided to oblige the submission of the monthly budget for the employees of the region to the federal Ministry of Finance, with the obligation of the Council of Ministers of the region to hand over all oil and non-oil revenues to the federal government. The ruling according to the statement, is "final and compelling". Go HCL Go profits sharing Go stronger dinar

“Because of the achievement of a kind of security and economic stability in Iraq supported by a strong financial position due to the large oil revenues that generated huge reserves of hard currency, a group of financial and economic experts believe that it is time to start to scalate the dinar and delete its three zeros, where the process (in their opinion) will achieve a lot of positives that the Iraqi economy needs, the first of which is the return of the dinar as a store of value, restore confidence in the monetary system, reduce the demand for hard currency and get rid of the phenomenon of dollarization that has caused the economy and squandered huge financial wealth.” The goal is (return to the value of 1980 dinar). The Iraqi dinar did not follow the devaluation of the US currency in 1971 and 1973 and increased to 3.38 USD before the value of the IQD reduced to 3.22 USD due to a 5% devaluation. The rate continued until the Gulf War, though the black-market rate was about six times higher in late 1989. Go delete of the zeros Go Stronger Dinar Go Purchasing power

Stop talking and delete the zeros.! Go delete the zeros Go Lower denomination notes Go Stronger dinar Go Purchasing power

We need more than Gratitude.! After almost 5,000 U.S military personnel died helping Iraq to get rid of Saddam Hussein and ISIS. Go USA Go TROOPS Go FREEDOM Go Stronger Dinar

The ruling according to the statement, is "final and compelling". Go HCL Go Stronger Dinar

“Iraq has the fourth highest GDP among Arab nations, with a GDP of over $255 billion, according to the Kuwait-based Inter-Arab Investment Guarantee Corporation (IAIGC), an affiliate of the Arab League located in Cairo” Another good reason to add value to their currency. Kuwait with the highest currency value in the world, is not even on the list. Go Stronger Dinar

This is the reason why the stopped the operational Budget. Member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, announced on Monday that the current month will witness the arrival of amendments to the budget schedule for the current year to the House of Representatives. Al-Kadhimi told Al-Maalouma, “The mini-economic council formed by the Council of Ministers is in the process of putting the final touches to amending the budget schedules for the current year, and it is likely that the amendments will reach Parliament in the middle of this month for approval.” He added, "The government's amendments included an increase in financial allocations for the food ration, an increase in oil production costs, and an increase in social welfare allocations." Member of the Parliamentary Finance Committee, Representative Mustafa Al-Karaawi, explained that the tripartite federal budget for the years 2023, 2024, and 2025 stipulated that the House of Representatives be provided with updated tables for the 2024 budget in order to discuss the issue of increase or decrease in financial allocations according to expected revenues and according to the fixed oil price.

Why? Because the Ministry of Finance argues that the new schedules have not been approved, and that these tables are mentioned in the budget law when there is a need. We wait.!

“international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world” Iraq possesses $15.9 trillion in natural resources. Its desert terrain holds petroleum, natural gas, phosphates, sulfur. Iraq is the second-largest crude oil producer in OPEC. It ranks as the world’s fifth-largest holder of proved crude oil reserves and it depends on the export of crude oil for a major amount of its revenues. Iraq is making slow progress enacting laws and developing the institutions needed to implement economic policy, and political reforms are still needed to assuage investors' concerns regarding the uncertain business climate. The Government of Iraq is eager to attract additional foreign direct investment, but it faces a number of obstacles, including a tenuous political system and concerns about security and societal stability. Rampant corruption, outdated infrastructure, insufficient essential services, skilled labor shortages, and antiquated commercial laws stifle investment and continue to constrain growth of private, nonoil sectors. Under the Iraqi constitution, some competencies relevant to the overall investment climate are either shared by the federal government and the regions or are devolved entirely to local governments. Go Iraq 🇮🇶 Go investment Go Development Go economic growth Go Stronger dinar

Go investment Go development Go economic growth Go stronger Dinar