Laid Back

“Parliament will proceed with the legislation of the HCL law as soon as possible." The HCL was already discussed when they approved the Oil agreement between the federal government and the Kurdistan region. The Kurdistan region will receive 12.67% of the federal budget, about $12 billion dollars a year. Oil Agreement done ✅ Budget 2023-2024-2025 done ✅ Go HCL Go Stronger Dinar $1+

“IRAQ 2023 OPEN TO THE WORLD.” If Iraq 🇮🇶 really want to be open the world 🌎 they need an international recognized currency to conduct business with the rest of the world. Just my opinion. Go Iraq 🇮🇶 Go openness the world Go international recognized currency Go Stronger dinar $1+

“The Kurdistan Region’s share in the federal budget is set at 12.67 percent, amounting to more than $12 billion annually.” Go HCL Go Stronger Dinar $1+

“The American Chamber of Commerce wants to participate in the investment sector in the region.” “The conditions are now ripe for economic work in Iraq 🇮🇶 “ Economic work is a series of markets where goods and services are exchanged, facilitated by capital, combine to make an economy. These networks exist at a local, national and international level. Go Iraq Go international Go Investment Go development Go economic growth Go stronger Dinar$1+

This is a big year for Iraq, and IBBC is inviting you to join us at our Mansion House, Spring Conference on June 16th in the City of London. We are celebrating the theme ‘Iraq 2023, Open to the World’ with our members and the international business and finance community. As the Iraqi government is set to pass a new $120bn budget for distribution, sustained by a strong oil price and increased political stability, the Internationalisation of Iraq is set to continue and accelerate. Maybe this is the celebration they’re talking about. Go 2023-2024-2025 Budget Go Openness to the world Go Stronger Dinar $1+

“Central Bank heading towards buying large quantities of gold to support the local economy.” One of gold’s primary roles for central banks is to diversify their reserves. The banks are responsible for their nations’ currencies, but these can be subject to swings in value depending of the perceived strength or weakness of the underlying economy. At times of need, banks may be forced to print more money, since interest rates, the traditional lever of monetary control, have been stuck near zero for over a decade. This increase in money supply may be necessary to stave off economic turmoil but at the cost of devaluing the currency. Gold, by contrast, is a finite physical commodity whose supply can’t easily be added to. As such, it is a natural hedge against inflation. As gold carries no credit or counterparty risks, it serves as a source of trust in a country, and in all economic environments, making it one of the most crucial reserve assets worldwide, alongside government bonds. Go Gold backed currency Go Stronger Dinar $1+

Iraq continues moving forward slowly but steady. Go Oil Agreement ✅ Go 2023-2024-2025 Budget ✅ Go HCL Go Stronger Dinar $1+

Go Stronger Dinar $1+ Go Celebration 🎉

Foreign currency reserves have increased to more than $111 billion. Iraq’s reserves of gold also increased, reaching 132.7 tons. Two good reasons to have a STRONGER DINAR. Go foreign currency reserves Go gold reserves Go stronger dinar $1+

Don’t worry about things you can’t control. Seat back and relax. The budget will be voted sooner than later “Many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months." Go Budget Go investment Go development Go growth Go stronger dinar $1+

"The 2023 budget includes allocations for major projects that Iraq has not seen over the past 50 years... One of the largest projects is the development path, which we consider a turning point for Iraq in terms of trade and investment." I SEE PROGRESS … Go 2023-2024-2025 Budget Go investment Go development Go growth Go Stronger Dinar $1+

“the celebration of the start of the electrical interconnection with Iraq comes with the beginning of the implementation of the interconnection contract between the Gulf interconnection network and the electricity network in the south of the Republic of Iraq,” pointing out that “the project that is expected to operate next year It will contribute to consolidating cooperation between the countries of the Cooperation Council and the Republic of Iraq and supporting the energy security of southern Iraq,” No more Iraq dependency from Iran power grid ……. I see progress.

IMF Staff Concludes Staff Visit to Iraq May 31, 2023 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Foreign exchange market volatility and reduced oil production have affected Iraq’s growth momentum. The authorities’ fiscal expansion plans could stoke inflation in the short run and pose significant medium-term macroeconomic stability risks. Fiscal discipline and wide-ranging structural reforms are critical to reduce Iraq’s vulnerabilities, strengthen resilience, and achieve durable and more inclusive growth. Washington, DC: A staff team of the International Monetary Fund (IMF) led by Tokhir Mirzoev visited Amman, Jordan from May 24-31 to discuss with the Iraqi authorities the recent economic developments and outlook as well as policy plans in the period ahead. At the end of the mission, Mr. Mirzoev issued the following statement: “ The Iraqi economy’s growth momentum has slowed in recent months. After recovering to its pre-pandemic level last year, oil production is set to contract by 5 percent in 2023 owing to the OPEC+ production cut and outage of the Kirkuk-Ceyhan oil pipeline. The foreign exchange (FX) market volatility in the wake of tighter anti-money laundering/combating the financing of terrorism (AML/CFT) controls by the Central Bank of Iraq (CBI) on FX sales has adversely affected import-dependent non-oil sectors. Real non-oil GDP is estimated to have contracted by 9-percent (year-on-year) in the last quarter of 2022, negating its growth during the previous three quarters. With the FX market appearing to be stabilizing, helped by CBI’s actions, growth of real non-oil GDP is expected to resume and reach 3.7 percent in 2023. After spiking to 7 percent in January, inflation has begun to moderate—reflecting lower international commodity prices as well as a 10-percent revaluation of the dinar—and is projected to average 5.6 percent in 2023. “Favorable oil market conditions have supported Iraq’s fiscal and external positions, but structural imbalances continue to widen. In 2022, fiscal and external current account surpluses have reached 7.6 and 17.3 percent of GDP respectively on the back of record-high oil revenues. The CBI’s FX reserves rose to US$97 billion (11 months of imports), including US$16.3 billion (6 percent of GDP) in fiscal savings accumulated by the government. At the same time, a large fiscal expansion has widened the non-oil primary deficit from 52 to over 68 percent of non-oil GDP in the course of 2022. “ An even bigger fiscal loosening envisaged in the draft 2023 budget law would widen the non-oil primary fiscal deficit further to 75 percent of non-oil GDP and bring the overall fiscal balance to a deficit of 6.5 percent of GDP. The combined effects of increased government spending, the exchange rate revaluation, and reduced oil production would bring the fiscal break-even oil price to $96 per barrel. “ In the short run, implementation of the authorities’ fiscal plans could re-ignite inflation and FX market volatility. Over the medium term, continuation of current policies in the presence of substantial uncertainty about the future path of oil prices poses critical macroeconomic stability risks. Barring a large increase in oil prices, the current fiscal stance could lead to mounting deficits and intensifying financing pressures in the coming years. “A significantly tighter fiscal policy is needed to strengthen resilience and reduce the government’s dependence on oil revenues while safeguarding critical social spending needs. Key priorities include diversifying fiscal revenues, reducing the oversized government wage bill, and reforming the pension system to make it financially sound and more inclusive. While supporting the government’s plan to increase social assistance, the mission recommends stronger targeting to ensure that it is directed to those who are most vulnerable. “Improving public financial management remains of critical importance. In this context, the mission cautions against the planned establishment of new extrabudgetary funds, which raise governance and efficiency concerns, and strongly recommends adhering to on-budget government expenditures Furthermore, the mission urges full implementation of the framework for managing government guarantees, including Parliamentary approval and publication of an annual ceiling on and the list of government guarantees as part of the budget law. Accelerated efforts to establish a Treasury Single Account are also needed to strengthen public financial management. “The mission welcomes the progress made by the CBI in improving its liquidity management and the AML/CFT frameworks and underscores the importance of close alignment of the stance of fiscal and monetary policies in managing the economy. “Creating an enabling environment for private sector development will be of utmost importance for achieving durable and more inclusive growth. Priorities include continued efforts to enhance governance and reduce corruption, restructuring large state-owned banks to improve access to finance, reforming the labor market to promote private sector job creation, improving cost recovery in the electricity sector to enhance its ability to meet demand in a sustainable manner, and improving the broader business environment. “The IMF staff team stands ready to support the authorities in their reform efforts and would like to thank them for candid and productive discussions during this mission.”

-Foreign Currency Reserves Growing -Gold Reserves Growing -US dollar banned inside Iraq -The biggest budget in Iraq history -Oil agreement between the Kurds and the federal government -New salary Scale -Enhancing the banking system -Developing non oil sector All of the above make me believe we will see a stronger dinar. GO STRONGER DINAR $1+

This is a big year for Iraq, and IBBC is inviting you to join us at our Mansion House, Spring Conference on June 16thin the City of London. We are celebrating the theme ‘Iraq 2023, Open to the World’ with our members and the international business and finance community. As the Iraqi government is set to pass a new $120bn budget for distribution, sustained by a strong oil price and increased political stability, the Internationalisation of Iraq is set to continue and accelerate. IBBC is also developing a wider international audience, from trade initiatives with Saudi Arabia and Kuwait, members in Turkey and USA, to members services extending to the Gulf, Europe and beyond. It’s time to evaluate how Iraq can evolve and optimise the opportunities for growth. IBBC expects a full agenda of major international companies and speakers, UK & Iraqi politicians and many networking and business development opportunities. Key panels will include International Finance with sessions on Banking and Investment, Project Finance and Insurance, Renewable Energy and diversified services. We expect to hear from some of the most successful local and international companies working in Iraq on Infrastructure and General Trading. In addition, there will be parallel sessions on Education and Technology in dedicated spaces. Please do get in touch with us should you wish to help shape the agenda and suggest potential themes and speakers. Go Iraq 🇮🇶 Go International Go Stronger dinar $1+

“ working with the electronic payment system comes within the vision and plans put forward by the Iraqi Central Bank for government institutions that contribute to getting rid of the problems of cash dealing and keeping pace with development and also strengthening the national currency compared to foreign currencies”. Go electronic Payment System Go Stronger Dinar $1+

End of Dollarization = Higher demand for the Dinar = Higher Value Go end Dollarization Go Stronger Dinar $1+

“Of the 84 trillion dinars in Iraq, the government has only 20%, equivalent to 16.8 trillion dinars, and a member of the Iraqi parliamentary finance committee says that the government will need more cash after the approval of the federal budget law.” 84 - 16.8 = 67.2 Trillion Dinars in chunky cash stashed at home. 84 trillion dinars in circulation / 1310 = $64 billion dollars $114 billion dollars in foreign currency reserves $114 / $64 = $1.78 Time to increase dinar exchange rate and roll out Lower denomination notes. Go Stronger Dinar $1+ Go Purchasing power

This is part of the e-governance project.

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months." I hope purchasing power is one of the items Go Budget Go Stronger dinar $1+ Go purchasing power

https://stripe.com/guides/merchant-category-codes#why-are-mccs-important

It goes to the pocket of currency speculators in the black market. Remove exchange control and the black market will disappear. Go new monetary policy Go de-dollarization Go Stronger dinar $1+

Creating confidence in the national currency (IQD] To achieve development and Strengthen the value More Confidence > More Demand > More Value Go De-dollarization Go Stronger Dinar $1+ Go Purchasing power

He explained that "Master Card and [Suge] have been suspended, including palm cards, pending instructions from the Central Bank," noting that "most of the cards issued in Iraq are suspended due to a change in the central bank's system and may return to work in the next two days." Positive changes are coming! Go Stronger Dinar Go purchasing power

What is the easiest way to de-dollarize the country? Put a Ban on the dollar and increase the value of the local currency equal or higher than the dollar. Go De-dollarization Go Stronger Dinar $1+ Go Purchasing power