Laid Back

Al-Janabi added that the summit will begin on the 12th of next month with a meeting of senior officials from the Arab Economic and Social Council. The meeting of Arab trade and economy ministers will be held the following day, followed by a meeting of permanent representatives, followed by Arab foreign ministers. A day will be allocated to receive Arab leaders, who will meet on the 17th of May in Baghdad to approve the summit’s agenda, with speeches from all Arab countries. After that, the Baghdad Declaration will be delivered, which will be historic amid the difficult circumstances our Arab nation is going through. Go historic announcement Go $1:1+

“the improvement in the Iraqi dinar's exchange rate against the dollar in local markets is due to the central bank's recent policy.” Go CBI Go new monetary policy Go stronger dinar Go $1:1+

In my personal stash the 25,000 accounts for the largest shares of banknotes. Make the Iraqi dinar great again.!

The CBI continues reducing the note count, besides the shift to electronic payment. Just my opinion Go stronger dinar Go $1:1+

Financial inclusion is crucial for economic growth, poverty reduction, and social equity by empowering individuals and businesses with access to financial services. This access enables people to manage their finances, invest in productive activities, and build resilience against economic shocks. It also fosters a more stable and prosperous society. Go CBI Go financial inclusion Go stronger dinar

“The Central Bank of Iraq has been working for some time to strengthen banking relations abroad and open new channels to improve financial transfers and ensure smooth transactions for businessmen and citizens, as part of broader efforts to reform the banking system and bring it in line with international standards” Iraq openness to the international financial markets. Go Iraq 🇮🇶 Go open market economy Go international Go stronger dinar

“making Iraq a transit hub by reducing the time it takes to go from Asia to Europe.” Lets go Iraq 🇮🇶 Laet go dinar $1:1+

They are working on diversification of the economy to serve as a counterbalance. Lets go Iraq 🇮🇶

Baghdad is becoming the center of attention for many countries of the world. Go Iraq 🇮🇶 Go open market economy Go economic growth Go $1:1+

I see progress >>>> Go Iraq 🇮🇶 Go RV Go$1:1+

Thanks for your input Theseus, Hope the Iraqi citizens follow the advice of the Cleric. Go Stronger Dinar Go $1:1+

Interesting to see a Iraq cleric and politician head of the national wisdom movement telling the citizens to deposit their money in Iraqi banks. He knows something we don’t know. Go Iraq 🇮🇶 Go international Go stronger dinar Go $1:1

Thanks for your input JV, hope you’re right.👍🏼💵

I think we all are waiting for the same historic announcement. Go Stronger Dinar Go $1:1

“Iraq's position as the third largest economic power in West Asia among Arab countries in terms of GDP, after Saudi Arabia and the UAE, is an indicator of two things: First, the country's accelerating capacity to accelerate development, confirming the unprecedented speed and progress achieved by our country in imposing the great economic and political stability that Iraq has achieved.” “The second aspect relates to GDP, and also confirms, at the domestic level, that our country is an effective economic force in attracting investment opportunities in development areas, provided by the environment of great stability in recent years, towards supporting sustainable development at a faster rate than expected." Iraq is entering a new economic era driven by increasing GDP, the "Development Road" project, and a push for economic diversification. While challenges remain, particularly in private sector development and reliance on oil, ongoing stability and increasing foreign investment offer potential for growth. Go Iraq 🇮🇶 Go international Go stronger Dinar

No reason for a re-denomination or LOP. Go Iraq 🇮🇶 Go RV Go $1:1

A government with low debt and strong economic growth generally has more fiscal space to allocate resources to various priorities. Conversely, a government with high debt and weak economic growth may have limited fiscal space, restricting its ability to respond to emergencies or fund long-term investments. It essentially represents the "room" a government has to implement fiscal policy changes and respond to economic shocks. Go new monetary policy Go Stronger Dinar Go $1:1

Central Banks often direct local banks to suspend or restrict the use of international payment cards like Mastercard in external financial transactions to manage foreign currency reserves and address economic challenges. This is particularly common when a country faces a foreign currency shortage, devaluation, or economic instability. Go new monetary policy Go RV Go $1:1

"the rise in the dollar exchange rate against the dinar means an automatic decline in the purchasing power of the Iraqi dinar, which burdens citizens, especially those with limited income and the poor, given Iraq's reliance on imports of most basic commodities." Same story since 2003. 22 years after and nothing has changed.

All those natural resources and a weak currency

Maybe a new monetary policy…. Wishful thinking 🤔

That’s what happened when the country budget is based on oil prices.

We want Dinar Revaluation PURCHASING POWER 👊🏼💵

The "Iraq sizeable fiscal adjustment" refers to a needed policy change recommended by the International Monetary Fund (IMF) to stabilize debt and rebuild fiscal buffers in Iraq. This adjustment involves controlling the public wage bill, mobilizing non-oil revenues, and improving social assistance targeting. The IMF has emphasized the need for a gradual, yet substantial, fiscal adjustment to address Iraq's vulnerabilities to oil price fluctuations and to ensure medium-term economic stability. Here's a more detailed breakdown: Need for Fiscal Adjustment: Iraq's economy is heavily reliant on oil revenues, making it vulnerable to price fluctuations. A large fiscal expansion in recent years has led to a deterioration of fiscal and external accounts. The IMF has warned that without policy adjustments, the risk of medium-term sovereign debt stress is high, according to ZAWYA. The need for a fiscal adjustment is also supported by the fact that Iraq has substantial spending needs for post-war reconstruction, meeting Sustainable Development Goals, and adapting to climate change, according to the IMF. Key Components of the Fiscal Adjustment: Controlling the Public Wage Bill: The IMF has recommended phasing out mandatory hiring policies and controlling the growth of public sector salaries. Mobilizing Non-Oil Revenues: This includes strengthening tax administration, expanding the tax base, and improving the collection of non-oil revenues. Better Targeting Social Assistance: This aims to ensure that social assistance programs reach those most in need and to reduce potential leakages, according to ZAWYA. Strengthening Fiscal Governance: This includes implementing customs and revenue administration reforms, a full implementation of the Treasury Single Account, and a strict control of extrabudgetary funds and government guarantees. Expected Outcomes: Stabilizing debt in the medium term. Rebuilding fiscal buffers to withstand shocks, such as lower oil prices. Improving the fiscal position and enhancing long-term economic sustainability. Creating a more diversified and resilient economy. Challenges: Securing political consensus and implementing reforms can be challenging. The fiscal adjustment may be perceived as a difficult trade-off, especially if it leads to cuts in public spending. The need for structural reforms, such as labor market reforms and state-owned bank restructuring, can be time-consuming and complex.

“Prime Minister Al-Sudani highlighted that Arab Bank had operated directly in Iraq for nearly eighty years, stating that its return today is significant and reflects the current state of political and economic stability in the country.” Follow the money 💵💵 Follow the money 💵💵 Follow the money 💵💵 Go RV $1:1