Laid Back

"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

“According to the statement, in parallel with the launch of the OBDX service, Rafidain Bank activated the Anti-Money Laundering (AML) and Anti-Terrorism Financing (GOAML) systems to ensure full compliance with international standards for combating money laundering and terrorist financing. The bank explained that the AML system automatically monitors financial transactions and analyzes suspicious patterns, while the GOAML system records and analyzes banking data to ensure it is not used for illegal activities. Benefits of OBDX Service Supported by Compliance Systems: 1. Superior Security: Integrated systems ensure full compliance with international standards, enhancing the security of financial transactions. 2. Global Compliance: The bank ensures the highest levels of transparency and compliance with international anti-money laundering laws. 3. Ease of access: Enables government agencies to conduct financial transactions easily and securely online without having to visit branches. 4. Increase efficiency: reduce traditional procedures and speed up transactions while ensuring compliance with global financial laws and policies.” Compliance with global financial laws and policies. Iraq banking system is undergoing significant reforms to modernize and strengthen its financial sector, aiming for greater integration with international financial markets and improved financial stability. Iraq banking system is clearly moving forward to an open market economy, attracting foreign investment and facilitating trade. Go Iraq 🇮🇶 Go international Go open market economy Go economic growth Go Stronger dinar Go $1:1

Potato head is looking for votes ahead of the next election.

The banking reform program is bearing fruit. Go $1:1

"these laws, particularly those related to customs, taxes, and joining global platforms, in addition to granting sovereign guarantees, have greatly contributed to attracting the world's attention to the Iraqi market." He pointed out that "Iraq signed a memorandum of understanding with the International Chamber of Commerce in Paris regarding international arbitration, along with cooperation agreements with most European countries, which reflects Iraq's seriousness in opening up to the international community I see progress >>> Go Iraq 🇮🇶 Go international Go stronger dinar Go $1:1

Fiscal and monetary policy are interconnected tools used to influence economic outcomes. Go new monetary Policy Go Stronger Dinar Go $1:1

The never ending story….. 20 years and still nothing.!

“The ceremony included a display of a wide range of ancient Iraqi coins, documenting the political and economic transformations the country has undergone from the royal era to the present day.” Hope this is the preamble of the introduction of a new currency. Go LD notes Go Stronger dinar Go $1:1

This is first time I heard 87% They always mentioned 70 to 73% of the monetary mass I don’t believe this to be true, because the financial inclusion has increased around 40% and it is impossible to run the economy with only 13% of the monetary mass. Just my opinion. Go stronger Dinar

“ASYCUDA's representative in Iraq, Nizar Al-Ammari, confirmed that the customs automation system is currently implemented at 18 of the 21 ports, with difficulties in implementing it on the Syrian border despite the port's readiness. He noted that two additional ports (one sea and one land) will be operational by the 15th of this month, thus completing the automation of all Iraqi ports.” Getting ready for a higher volume of trade. Go open market economy Go trade Go stronger dinar Go $1:1

That’s 21 million people who opened a bank account and got e-card Iraq 🇮🇶 Population is 46 million people 21 million represents 46% of the population Financial inclusion has increased. Go e-banking Go financial inclusion Go Stronger dinar Go $1:1

“Foreign reserves remain at their highest historical levels, achieving economic balance and stability for the country” - Record high Reserves - Stability - Security Go Stronger Dinar Go $1:1

Iraq is clearly moving to an open market economy. The TIR (Transports Internationaux Routiers, or International Road Transport) system is a UN-mandated, global customs transit system that facilitates the movement of goods across borders with minimal customs interference, using a TIR Carnet and an international guarantee. Go open market economy Go trade Go economic growth Go $1:1

Bringing investments to a country is crucial for economic growth, job creation, and overall development, as it fosters innovation, boosts productivity, and can lead to higher incomes and improved living standards. Go investment Go economic growth Go purchasing power

1/12 They do that every year….. Masters of Procrastination.

To spend it … They need purchasing power first. Go Stronger dinar Go $1:1

“There may be reasons behind the delay in sending the schedules, but we hope the matter will be resolved in the coming days by sending the schedules for further discussion and review, followed by voting on them, especially since these schedules are of great importance in resolving many financial entitlements." The citizens are waiting for their financial entitlement. Go Profit sharing Go Purchasing Power

The private sector is the wheel of the economy. Go diversification of the economy Go private sector Go economic growth Go Stronger dinar

People want Purchasing Power…. Make the Dinar Great Again.! Go $1:1