Search the Community

Here's some articles of Dinarian interests...Iraq has the lowest inflation on earth for now...that is about to change as Iraq resorts to printing more Dinars to pay wages...bad mistake...just reinstate the Dinar to it's former glory...problem solved... Currency Printing Is Knocking On Iraq's Door. Warnings Of An Economic Catastrophe. ARTICLE: Al-Mada newspaper revealed in a report followed by “Al-Mustaqilla”, the escalation of the financial liquidity crisis in Iraq, after the Parliamentary Finance Committee proposed the option of resorting to printing currency to secure employee salaries & avoid a financial crisis that some MPs described as potentially leading to a “revolt of hungry stomachs”, at a time when economists warn that this option may open the door to a dangerous wave of hyper inflation if it is not accompanied by a real increase in production. An Economist Says Iraq Has Entered A Phase Of "Paying The Price" As A Result Of Accumulated Mismanagement & Corruption - Urgent ARTICLE: Baghdad Economic expert Ziad Al-Hashemi said on Tuesday (August 4, 2026) that Iraq has entered a phase of "paying the price" for what he described as the accumulation of one failure after another, corruption & mismanagement over more than twenty years, considering that the current crisis is the result of the policies of successive governments, in addition to the responsibility of political parties, parliament & oversight institutions. Al-Hashemi said, in a statement followed by “Baghdad Today”, that financial & administrative losses & failures have accumulated during the past years without real treatment, accusing political forces of being preoccupied with “dividing the spoils”, while the regulatory & legislative bodies were unable or negligent in performing their role in accountability & reform. Now it's time to pay the fiddler. Salary Delays Are Putting Pressure On The Iraqi Economy; Warnings Of A Widening Cost-Of-Living Crisis, Hyper Inflation & Market Contraction. ARTICLE: The debate in Iraq is renewed with every delay in paying the salaries of state employees, amid warnings of economic & social repercussions that go beyond the employees to affect the markets, the private sector & the entire local economy. Experts confirm that salaries represent the main driver of financial liquidity in the country, so any disruption in their disbursement directly affects trade & the purchasing power of citizens. Economic expert Nasser Al-Tamimi warned today, Tuesday (August 4, 2026), against the continued delay in disbursing the salaries of state employees, stressing that this crisis has become a direct threat to economic & social stability, with the accompanying negative repercussions on the livelihood of millions of citizens & economic activity in the country. "The situation is at the breaking point" he added. Four Files Are On The Table For Hosting The Minister Of Finance, Most Notably Employee Salaries. ARTICLE: MP Mohammed Al-Bayati predicted on Tuesday that the Minister of Finance would be hosted next week, noting that four issues would be on the agenda for the meeting. Al-Bayati explained in his interview with Al-Maalouma that “the financial situation in the country needs an objective reading to identify its challenges and propose solutions and alternatives, especially securing the salaries of Iraqi state employees & all ministries & institutions, especially with the delay in distributing the salaries of some ministries & bodies.” He added that "the Minister of Finance may be hosted next week & four files will be presented during it, most notably the financial balance, what alternatives are available, what the Ministry's approved plan is for the coming period & solutions to it will be presented." He stressed that "this file is very important & the Ministry of Finance's assessment of the country's financial situation is crucial, as it will provide a roadmap for the nature of the current challenges."

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. The top stories are: -Global Relief May Finally Be At Hand. -Crocodile Tears - Iran Pleads Before UN. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Global Relief May Finally Be At Hand. ARTICLE: Global Markets Rally As Oil Prices Plunge On Hopes Of Iran Deal. According to a report by Axios, US officials believe an agreement is close that could reopen the strategically vital Strait of Hormuz & ease tensions disrupting global energy supplies. ERBIL (Kurdistan24) – Global oil prices fell sharply on Wednesday while stock markets surged, as investors reacted to growing optimism that a deal to end the conflict involving Iran may be within reach. According to a report by Axios, US officials believe an agreement is close that could reopen the strategically vital Strait of Hormuz & ease tensions disrupting global energy supplies. Int'l oil benchmark Brent North Sea plunged by double digits to below $100 per barrel before recovering slightly after US President Donald Trump warned of potential renewed military action against Iran. Meanwhile, West Texas Intermediate dropped more than 12 percent to below $90 per barrel before trimming losses. Equity markets responded positively to the prospect of de-escalation. Major European stock exchanges posted strong gains, with Paris rising nearly three percent, while Frankfurt & London each closed more than two percent higher. Axios reported that the potential agreement could take the form of a preliminary memorandum outlining steps to end hostilities & establish a framework for broader nuclear negotiations. The proposal reportedly includes a temporary halt to Iran’s nuclear enrichment activities in exchange for the release of $billions of Dollars in frozen Iranian assets. Washington is now awaiting a response from Tehran on key elements of the proposal within the next 48 hours, raising the possibility of a significant breakthrough in the crisis. Market sentiment was buoyed by expectations that easing geopolitical tensions could stabilize energy markets & reduce inflationary pressures. Analysts noted that bond yields & the USD weakened as investors shifted toward riskier assets. 70+ Iraqi Tankers Reach Syria On Transcontinental Fuel Delivery Path. ARTICLE: More than 70 Iraqi fuel tankers entered Syria through the Rabia–al-Yarubiyah border point, marking a third convoy of its kind within days, Shafaq News learned on Wednesday. The shipment proceeded toward the Syrian coastal city of Baniyas before continuing along Mediterranean routes to its final destination in Europe. Baghdad & Damascus have recently established a framework to facilitate the transit of Iraqi petroleum products across Syrian territory, amid regional disruptions to maritime traffic, particularly in the Strait of Hormuz, a key passage handling about one-fifth of global oil consumption. On May 1, Iraq conducted its first crude oil export operation via the same route, dispatching an initial shipment of 70 tanker trucks. The Rabia–al-Yarubiyah crossing between Iraq & Syria resumed trade & passenger movement on April 22 after 13 years of closure due to security conditions during the fight against ISIS. Both authorities have gradually restored several border points, including al-Waleed and al-Yarubiyah, as part of efforts to revive trade routes & support the movement of goods & travelers. Iran Attempts To Run Blockage. ARTICLE: U.S. forces operating in the Gulf of Oman disabled an Iranian-flagged oil tanker on Wednesday after it allegedly violated a maritime blockade imposed by Washington, according to a statement from U.S. Central Command (CENTCOM). CENTCOM said the tanker, identified as M/T Hasna, was intercepted at approximately 9 a.m. Eastern Time while transiting int'l waters en route to an Iranian port. US forces issued multiple warnings to the vessel, informing its crew that it was in breach of the blockade. When the crew failed to comply, a USN F/A-18 Super Hornet launched from the aircraft carrier USS Abraham Lincoln fired several rounds from its 20mm cannon, disabling the tanker’s rudder and preventing it from continuing its course. CENTCOM confirmed that the vessel is no longer heading toward Iran. The U.S. military emphasized that the tanker was unladen at the time of the incident& that the operation was carried out in a “deliberate & professional” manner to enforce compliance with ongoing maritime restrictions. The incident comes amid heightened tensions between Washington & Tehran, particularly over the strategically vital Strait of Hormuz & surrounding waterways, including the Gulf of Oman. The US has imposed a naval blockade targeting vessels it says are supporting Iran’s military or economic activities, a move Tehran has strongly condemned as unlawful. The blockade has disrupted shipping routes and raised concerns over potential confrontations in one of the world’s most critical oil transit corridors. The Gulf of Oman serves as a key maritime passage linking the Arabian Sea to the Strait of Hormuz, through which a significant portion of global oil exports flows. Any escalation in the area risks broader economic repercussions, particularly for energy markets already sensitive to geopolitical instability. CENTCOM reiterated that enforcement operations will continue as long as the blockade remains in place, signaling the potential for further incidents at sea. Iran: US Is Forcing Surrender Over Peace Proposal. ARTICLE: Iran Accuses US Of Seeking ‘Surrender’ As Tensions Persist Over Peace Proposal. In a voice message published on his official Telegram channel, Ghalibaf said “the enemy” was pursuing a strategy aimed at undermining Iran’s internal cohesion through economic pressure & media influence, alongside efforts to restrict maritime activity. ERBIL (Kurdistan24) – Iran’s top negotiator Mohammad Bagher Ghalibaf on Wednesday accused Washington of attempting to force Tehran into surrender through a combination of military and non-military pressure, including what he described as a naval blockade. In a voice message published on his official Telegram channel, Ghalibaf said “the enemy” was pursuing a strategy aimed at undermining Iran’s internal cohesion through economic pressure & media influence, alongside efforts to restrict maritime activity. He did not provide further details on the status of a potential peace agreement with the US. The remarks come as Tehran continues to assess elements of a proposal from Washington aimed at ending the ongoing conflict. Iranian officials have not publicly disclosed the specifics of the plan, but discussions are believed to center on de-escalation measures & restoring stability in key waterways, including the Strait of Hormuz. Foreign Ministry spokesperson Esmaeil Baqaei said Iran would soon communicate its finalized position to Pakistan, which has been acting as a key mediator in the crisis. Earlier on Wednesday, US President Donald Trump reiterated his desire to see the conflict come to an end, but warned that Washington would intensify military action if Tehran refused to accept its conditions. Tensions between Iran & the US have escalated in recent weeks amid clashes affecting regional security & global energy markets. The situation has drawn int'l concern due to the strategic importance of the Strait of Hormuz, a critical oil transit route through which a significant portion of the world’s supply passes. Diplomatic efforts involving regional intermediaries, including Pakistan, have so far sought to prevent further escalation & push both sides toward a negotiated settlement. Crocodile Tears. Iran Pleads It's Case Before The UN. ARTICLE: Iran Urges UN To Reject U.S. Draft Resolution On Strait Of Hormuz. In a statement posted on X, the Iranian mission said “the only viable solution” to the crisis in the strategic waterway is a lasting end to the conflict, the lifting of what it called a maritime blockade & the restoration of normal shipping passage. ERBIL (Kurdistan24) – Iran’s mission to the UN on Wednesday called for a permanent end to ongoing tensions in the Strait of Hormuz, urging UN member states to reject a US-backed draft resolution it described as politically motivated & ineffective. In a statement posted on X, the Iranian mission said “the only viable solution” to the crisis in the strategic waterway is a lasting end to the conflict, the lifting of what it called a maritime blockade & the restoration of normal shipping passage. The statement accused the US of promoting a “flawed” draft resolution at the UN Security Council under the pretext of protecting freedom of navigation, arguing that the move seeks to advance Washington’s political agenda & legitimize what Tehran considers unlawful actions. Iran further called on UN member states to act based on “logic, fairness, and principle,” urging them to reject or refrain from supporting the proposed resolution. The Strait of Hormuz, a narrow but vital oil transit route between the Persian Gulf & the Gulf of Oman, has long been a flashpoint for regional and international tensions. A significant portion of the world’s oil supply passes through the strait, making security there a top priority for global powers. Recent months have seen heightened friction involving Iran, the US & Israel, with incidents affecting commercial shipping and raising concerns over the safety of maritime navigation. Washington has repeatedly emphasized the need to safeguard shipping lanes, while Tehran has criticized foreign military presence in the region, arguing it escalates instability rather than resolving it.

Here's another article of GCR interests...global oil shortages & inflation... Energy Shock, Rising Debt Costs & Food Inflation Converge. ARTICLE: New Data Reveals Expanding Pressure Across the Global Financial System. Overview: -Global food prices rising again, reversing prior declines. -Oil supply fears pushing energy costs higher. -Government debt costs surging alongside yields. -Economic pressure spreading across multiple sectors simultaneously. Key Developments: 1. Food prices jump as energy crisis spreads into supply chains. New data shows global food prices rose 2.4% in March, marking a second consecutive increase after months of decline. Sugar prices up 7% Vegetable oils up 5% Fertilizer and transport costs rising sharply The driver: Energy disruption tied to ongoing conflict & shipping constraints. Energy costs are now directly feeding into global food inflation. 2. Oil supply tightening raises risk of deeper shortages. Analysts warn that global oil stockpiles are falling toward critical levels: -Inventories could drop to operational minimum levels within weeks. -Potential 14 million barrels/day supply shortfall. -Oil prices already surged above $109–$111 per barrel. Even if supply resumes, recovery could take months—not days. 3. Rising yields increase pressure on government finances. Governments are beginning to feel the impact of higher borrowing costs: -Debt servicing costs rising rapidly. -In France, monthly borrowing costs (~€300M) are now exceeding fuel tax gains. -Additional subsidies and aid increasing fiscal strain. Higher yields are canceling out revenue gains—tightening budgets globally. 4. Economic strain spreading across multiple systems at once. We are now seeing simultaneous pressure across key pillars: -Energy → driving inflation. -Food → increasing cost of living globally. -Debt → raising systemic financial risk. This is no longer isolated volatility—it is multi-system stress. Why It Matters: -Energy shocks ripple into food, transport & manufacturing. -Rising debt costs limit government response options. -Inflation pressures are re-accelerating globally. This combination historically signals deeper financial instability. Why It Matters To Foreign Currency Holders: -Currency stability depends on energy, inflation & debt dynamics. -Rising costs weaken purchasing power globally. -Shifts in reserve strategy may accelerate under pressure. These conditions often precede currency realignment cycles. Implications For The Global Reset: Pillar 1: Energy as the Core Driver of Economic Stability. Control of energy supply now directly impacts inflation & growth Energy disruptions are reshaping global financial flows. Pillar 2: Debt System Under Increasing Strain. Rising yields are exposing unsustainable fiscal models. Governments face less flexibility to stabilize economies This is where structural cracks begin to widen. Closing Perspective: What we are seeing now is a rare convergence of pressures: -Energy shortages. -Food inflation. -Rising debt costs. Each of these alone can strain the system—together, they create compounding stress across the global economy. This is how systemic shifts begin—not suddenly, but through accumulating pressure points.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Weekly Iraqi Economic Report. Minister Of Trade: There Will Be No Price Increases & We Will Not Allow Them. Treat as rumors. Not verified. Your opine. From Iraqi Sources: Minister Of Trade: There Will Be No Price Increases & We Will Not Allow Them. ARTICLE: Minister of Trade, Atheer Al-Ghurairi, confirmed on Sunday that there has been no increase in prices, noting that the Ministry of Trade will not allow this, while pointing out that goods are available & imports are continuing. Al-Ghurairi said, “The government’s decisions are in the interest of the citizen. Today we visited the shopping center in the Al-Bayaa area to confirm the directives to provide all materials, which are available at a subsidized rate of less than 20 percent of the market price.” He explained that “the Ministry of Trade and government centers, in cooperation with the private sector, are the fulcrum or the point of balance to prevent any exploitation by some unscrupulous individuals who might try to increase prices through rumors.” He added, "Under this government, through continuous measures that included all aspects of the economy, the implementation of the ASYCUDA system means controlling the borders, preserving the currency, preventing smuggling & preventing the depletion of the currency," noting that "the customs tariff is set according to the law, as is the case in countries around the world." He stated, "Through our monitoring of prices, there is no increase in them, but rather within the profit margin that exists between wholesale & retail," noting that "the goods are available, imports are ongoing, the tariff is simple, even symbolic & there is no increase in prices & we will not allow that." Oil: Iraq Is Classified Among The Countries Producing High-Quality Petroleum Products. ARTICLE: The Undersecretary of the Ministry of Oil for Refining Affairs, Adnan Muhammad Hammoud, announced today, Sunday, that the new refineries have been operating at 100% production capacity, which has contributed to classifying Iraq among the countries producing high-quality oil derivatives. Hammoud said in a statement to the Ministry of Oil that these projects aim to enhance self-sufficiency in white oil products & to secure the needs of Iraqi citizens for gasoline, white oil & gas oil & to achieve a qualitative leap in quantity & quality, through the introduction of a number of advanced refining projects, including refining units, hydrogenation units & gasoline production improvement projects. He explained that the Salah al-Din Refinery /3 and the North Refinery /2 were opened with a total capacity of (140) thousand barrels/day, in addition to introducing the FCC (Catalytic Cracking) project in the Basra Refinery with a capacity of (35) thousand barrels/day & the project of the Hydrogenation & Improvement of Gasoline Unit in Kirkuk Governorate with a capacity of (11) thousand barrels/day. The Undersecretary also pointed out that these projects contributed to classifying Iraq among the countries producing high-quality oil derivatives with Euro 5 specifications & moving from the consumption stage to the export stage, in addition to operating the Karbala refinery at 100% capacity. He affirmed that the ministry is proceeding with the completion and opening of the hydrogenation & gasoline improvement unit project at Al-Sumoud Complex / North Refineries Company, in the coming days, which will enhance gasoline production quantities & cover local consumption needs in all governorates of the country. At the end of 2025, the Iraqi government decided to stop importing gasoline, gas oil (kerosene) & white oil, as local production of these fuels had reached quantities exceeding local consumption rates. On October 25, PM Mohammed Shia al-Sudani announced that his government had developed a plan to save the state treasury approximately $10 billion by halting imports of gasoline & oil derivatives after achieving self-sufficiency in their production within Iraq. Oil Spokesperson: "No Gasoline Shortage", Affirms Daily Production Rate Reaches 30 ML. ARTICLE: Ministry spokesperson Abdul Sahib Bazoun al-Hassnawi told the Iraqi News Agency (INA): "We deny what is being circulated in some media outlets regarding a gasoline shortage," emphasizing that "there is no shortage of this fuel." He explained that "the available gasoline stock is 135 million liters, while the daily production rate reaches 30 million liters." He noted that "the consumption rate has increased slightly to 33.5 million liters per day due to the holiday & increased vehicle traffic & citizens going out," clarifying that "gasoline is available at reasonable prices." He added that "production will stabilize in the coming days," pointing out that "the FCC unit in Basra has begun operations, which will contribute to raising the production of high-octane gasoline to 4 million liters." Al-Hasnawi confirmed that "these figures represent official, approved data for February," emphasizing "the complete stability in gasoline supplies & the absence of any crisis." He explained that "the staff of the Ministry of Oil, across all its departments, are working day & night to provide petroleum products to the Iraqi people," affirming "complete control over the petroleum products sector & the absence of any shortages." CBI: Lending Within Residential Complexes Continues According To The Approved Policy. ARTICLE: The CBI clarified its lending initiatives and financing mechanisms on Sunday, confirming the continuation of granting housing & solar energy loans within residential complexes, while pointing to the financing mechanism outside residential complexes. The bank's director of initiatives, Rafal Hussein, said, "The Central Bank has several initiatives, including granting loans to purchase solar panels, the Housing Fund initiative & the Real Estate Bank." She added that "the Central Bank continues to disburse loans within residential complexes & they are available & lending is in accordance with the bank's lending policy & the instructions issued," indicating that "the CBI enhances the liquidity of the Real Estate Bank & grants it according to its policy." She pointed out that "the financing outside residential complexes is from loans funded by recovered funds, so they are not in high categories & when financial allocations are available and announced, applications are submitted through the (Our) platform." Media Reports: First Phase Of US-Iran Negotiations Has Ended. ARTICLE: The Iranian news agency IRNA reported that "the 1st phase of negotiations has concluded, during which the Iranian & American sides conveyed their views & observations separately to the Omani side." It added that "the 2nd phase of negotiations will begin shortly."

Here's some articles of Dinarian interests... Direct Fom The SANDBOX Report. Iraqi Annual Inflation Rate Fell By 1% In August. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Cougar: US Bonds Are Outside The Political Game & Do Not Threaten The Nat'l Economy. ARTICLES: Jamal Kocher, a member of the Parliamentary Finance Committee, confirmed that US bonds do not pose any threat to the nat'l economy, noting that they are considered by the US side in economic transactions & are not included in political calculations. "Any country that holds US bonds is registered within the US economy's accounts," Kocher told Euphrates News. "Therefore, the US does not seek to harm its economy through these bonds, but rather completely separates them from the political situation." He explained that "this holding is considered part of the global economic system & is managed independently of political disputes or positions." Kocher added, "The issue of US bonds in general does not affect the nat'l or domestic economy, which sends a reassuring message about the absence of direct risks to Iraq in this regard." Ministry Of Planning: Annual Inflation Rate Fell By 1% In August. The Ministry of Planning announced today, Tuesday, a decrease in annual inflation for the month of August by (1) percent, as the Ministry’s spokesman, Abdul Zahra Al-Hindawi, stated that “the Ministry recorded a slight increase in the inflation rate during the past month of August by (0.8%), compared to the month of July, which witnessed a decrease by (0.1%).” He also explained that "the annual inflation rate for August 2025 decreased by (1%) compared to the same month of last year 2024," expecting "the rise in the monthly inflation rate to be due to an increase in the prices of three main sections, as the prices of food & non-alcoholic beverages increased by (1.7%), the housing section by (0.1%) & various goods & services by (0.6%)." He added, "Four other departments saw their prices decline, while the prices of five departments remained stable at their July levels." The Minister Of Oil Discusses With The President Of The American University Scientific & Technical Fields That Serve The Development Of The Oil Industry. Deputy PM for Energy Affairs & Minister of Oil Hayan Abdul-Ghani discussed with the President of the American University in Baghdad, Brad Cook, the scientific & technical fields that serve the development of the oil industries. A statement by the Ministry of Oil stated that Abdul-Ghani received, today, Tuesday, the President of the American University in Baghdad, Brad Cook & a delegation from the university. During the meeting, they discussed the scientific & technical fields, modern studies & research & training, which serve the development of the oil industries. The university delegation included, according to the statement, the Vice President of the University for Academic Affairs Zuhair Attia, the Director of Communication & Advisor to the President of the University for Public Affairs, Elisha Holland, the Executive Director of the Center of Excellence for Innovation & Training, Ziad Shaaban, the Executive Director of Government & University Relations, Mahmoud Hatem & the Director of the Office of the President of the University, Tara Karim. Oil Prices Fall After Baghdad & Erbil Agree To Resume Exports. Oil prices fell for a 5th straight session on Tuesday after a preliminary agreement between Baghdad & Iraq's Kurdistan region to restart an oil pipeline increased concerns about oversupply. Brent crude futures fell 42 cents, or 0.63%, to $66.15 a barrel by 0332 GMT, while U.S. West Texas Intermediate (WTI) crude fell 36 cents, or 0.58%, to $61.92 a barrel, according to Reuters. Both contracts have posted losses for five straight sessions, falling about 4%. "Oversupply concerns remain dominant, while the demand outlook remains uncertain as we approach the end of the year. The restart of the Kurdistan pipeline also weighed on prices," said Anh Pham, senior analyst at London Exchange Group. Two oil officials told Reuters that the governments of Baghdad and Iraq's semi-autonomous region reached an agreement with oil companies to resume crude oil exports via Turkey on Monday. This agreement will allow the resumption of exports of approximately 230,000 barrels per day from Iraqi Kurdistan, which had been halted since March 2023. Overall, the global oil market is preparing for an increase in supply & a slowdown in demand, due to the rapid development of electric vehicles & economic problems caused by tariffs. The Int'l Energy Agency said in its latest monthly report that global oil supply will rise more rapidly this year & the surplus could widen in 2026 with increased production from OPEC+ members & growing supply from producers outside it. However, risks loom over the market as traders anticipate the European Union's consideration of tightening sanctions on Russian oil exports, in addition to any escalation of geopolitical tensions in the Middle East. A preliminary Reuters poll on Monday predicted an increase in US crude oil inventories last week, while gasoline & distillate inventories were likely to decline. Separately, figures from the Joint Organizations Data Initiative (JODI) released yesterday showed that Saudi Arabia's crude oil exports in July hit a four-month low. Iraq, the 2nd-largest oil producer in the Organization of the Petroleum Exporting Countries (OPEC), has increased its oil exports under an OPEC+ agreement, the Iraqi Oil Marketing Organization (SOMO) reported.

Here's some articles of Dinarian interests... Direct From The SANDBOX Report. Monetary Policy Tames Inflation & Protects Citizens' Pockets. Treat as rumors. Not verified. Your opin. FROM IRAQI SOURCES: With The Stability Trilogy, Monetary Policy Tames Inflation & Protects Citizens' Pockets. ARTICLE: The PM's financial advisor, Mazhar Muhammad Salih, confirmed that the monetary policy, whose objectives under the Iraqi Central Bank Law No. 56 of 2004 include reducing the growth in inflation rates to a stable path. Speaking to Al Furat News Agency, he pointed out that "this policy was able to control demand levels & additional spending power in the economy, by sterilizing local liquidity by providing foreign currency at a stable official ER for the Dinar not exceeding 1,320 Dinars per Dollar & on a scale that led to weakening the effects of the parallel market & reducing it to financing the country's foreign trade." Saleh explained that "this came as a result of the cancellation of the foreign currency window at the beginning of this year & the adoption of the principle of foreign exchange bolstering to finance the country's foreign trade, praising the successes of this shift in terms of financing speed & compliance." He added, "The success of the price defense policy adopted by the trade policy contributed to the remarkable spread of central markets in cooperation with the private sector, which reflected in the price moderation of these market components in a competitive manner, ensuring the stability of essential goods for citizens & others." He explained that "the three policies, in combination, have had a positive impact on economic policy in promoting stability in citizens' cash income, with remarkable success over the past two years, as annual inflation growth did not exceed 3%, which is within the normal acceptable range for estimating annual price base growth in the country." Al-Araji Confirms: A US Official That The Iraqi Government Believes In Dialogue & Diplomacy To Resolve Outstanding Issues. National Security Adviser, Qasim Al-Araji, received on Wednesday the US Chargé d'Affaires in Baghdad, Stephen Fagin. During the meeting, according to a statement by the advisory, they reviewed the regional situation & developments & welcomed the recent calm in the region. Fagin praised the role of the Iraqi government & the measures taken by the security services to protect embassies & diplomatic missions, appreciating the role of the Iraqi security services & their high professionalism. Fagin also praised the role of the Iraqi government in repatriating its citizens from Al-Hawl camp & rehabilitating them despite the circumstances the region is going through. For his part, Al-Araji stressed that the Iraqi government believes in dialogue & resolving outstanding problems through dialogue & diplomacy, expressing the Iraqi government's welcome to the ceasefire, to restore stability to the region & the world. Al-Araji pointed out that Iraq has good & balanced relations with all countries & has commonalities with neighboring countries, expressing his hope for establishing peace, stopping the war & lifting the siege on Gaza. CBI: Foreign Exchange Reserves Sufficient To Cover 13 Months Of Imports. The CBI revealed on Wednesday that Iraq's foreign currency reserves are sufficient to cover 13 months of imports. The bank said in a report that "import coverage is often viewed as a measure of the number of months that imports could be sustained if all foreign currency inflows were to cease," noting that "the global standard used is for reserves to cover all imports for six months." He added, "The ratio of foreign reserves to imports has decreased from 16 months at the beginning of 2024 to 13 months at the beginning of 2025," indicating that "despite the decrease in the ratio, Iraq's reserves will still cover imports for 13 months if Iraq does not receive foreign currency revenues." With The Stock Exchange Closed, A New Price For The Dollar Was Announced In Baghdad & Erbil. Stock Exchange: The USD ER fell against the Iraqi Dinar on Wednesday in Baghdad & Erbil as the stock exchange closed. ER in Baghdad: Selling rate: 142,250 Dinars per $100. Buying rate: 140,250 Dinars per $100. Exchange rates in Erbil: Selling price: 141,000 dinars per $100. Buying price: 140,950 Dinars per $100. After The Iran-Israel War, Global Oil Prices Recover. Oil prices rose on Wednesday as the ceasefire between Iran and Israel was assessed to be holding, but remained near multi-week lows amid prospects of uninterrupted crude flows. Brent crude futures rose 85 cents, or 1.3 percent, to $67.99 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 87 cents, or 1.4 percent, to $65.24. Brent and WTI settled on Tuesday at their lowest levels since June 10 and June 5, respectively, before Israel launched a surprise attack on key Iranian military & nuclear facilities on June 13. Oil prices lost about $4 per barrel on Tuesday as the ceasefire between the two sides was announced. Overall, oil prices have lost $10 per barrel over the past two days. Gold Prices Fall In Baghdad Markets & Stabilize In Erbil. The prices of foreign & Iraqi gold decreased on Wednesday in the local markets of the capital, Baghdad, & stabilized in Erbil. The selling prices of gold, in the wholesale markets on Al-Naher Street in the capital, Baghdad, this morning, for one Mithqal of 21 karat Gulf, Turkish & European gold, were recorded at 660 thousand Dinars & the purchase price was 656 Dinars. The selling price of one Mithqal of 21 karat Iraqi gold was recorded at 630 thousand dinars, & the purchase price was 626 thousand. As for the prices of gold in goldsmiths, the selling price of one Mithqal of 21 karat Gulf gold ranges between 660 thousand and 670 thousand & the selling price of one Mithqal of Iraqi gold is between 630 thousand & 640 thousand Dinars. As for gold prices in Erbil, they recorded stability, as 22 karat gold was sold for 690 thousand Dinars, 21 karat gold was sold for 660 thousand dinars & 18 karat gold was sold for 565 thousand Dinars.

Here's some articles of Dinarian interests... -Inflation's freefall: Iraq hits 2.8%, economic hopes soar. -PM's Advisor Explains Details of "Bridge Borrowing" -Nothing We-re Interested Is On The Agenda But At Least They're Saying They're Going To Work. Treat as rumors. Not verified. Your opine. TNT via Tishwash: Inflation's Freefall: Iraq Hits 2.8%, Economic Hopes Soar. ARTICLE: Iraq’s annual inflation rate has dropped to 2.8% in the 4th quarter of 2024, down from 4% a year earlier, the central bank (CBI) announced on Wednesday. In an official statement, CBI confirmed that core inflation, which excludes volatile food & energy prices, had also declined to 2.5% from 4.5% in the same period of 2023. “Both headline & core inflation remain within acceptable levels, reflecting price stability & the effectiveness of Iraq’s monetary policy,” the statement read. The latest figures point to a slower rise in consumer prices, strengthening purchasing power & reinforcing economic stability. Notably, Iraq has experienced inflation swings in recent years. The annual rate stood at 5% in 2022 before climbing to 6.6% in 2023, driven by currency fluctuations & the impact of the Russia-Ukraine war. Projections for the coming years remain mixed. An IMF report in October 2024 forecast a slight increase to 3.5% in 2025, before easing to 3% by 2029. -Tishwash: PM's Advisor Explains Details Of "Bridge Borrowing" PM's Advisor Explains Details of "Bridge Borrowing" The PM's Advisor, Mazhar Muhammad Salih, explained today, Thursday, the details of "bridge borrowing", while indicating that more than 50% of the domestic debt is concentrated in the investment portfolio of the CBI. Saleh told the Iraqi News Agency (INA): "Historically, government borrowing through treasury transfers is a type of short-term borrowing from the banking market that British public finance has adopted since the reign of Queen Victoria." He added that "this type of borrowing was done for limited periods not exceeding weeks or financial quarters & is known as (bridge borrowing), as it aims to bridge the temporary deficit gap resulting from the slowdown in revenues compared to actual expenditures." He pointed out that "due to monthly financial obligations, public finance may resort to issuing treasury transfers as a financing tool to bridge the temporary deficit in the budget until cash flow stabilizes in the next period of the fiscal year." He added that "in light of the fluctuations in the oil revenue cycle on the General Budget over the past ten years, the government was forced to borrow multiple & accumulated, which led to an increase in expenditures in 3 stages: the 1st during the war on ISIS terrorism, the 2nd due to the economic closure caused by the pandemic & finally the increase in expenditures in the areas of reconstruction & implementation of suspended projects." He added that "these circumstances resulted in the accumulation of domestic public debt, part of which was borne by government banks, as more than half of it was deducted from the CBI through open market operations." He stressed that "this necessitated a complementary monetary issuance that led to a significant increase in the monetary mass, especially since the domestic public debt, amounting to 82 trillion Dinars, is still mostly within the government financial & banking system, more than 50% of this debt is concentrated in the investment portfolio of the CBI." He added, "On the positive side, this debt is covered by foreign currency by more than 100%, which reflects a high level of monetary stability, as the annual inflation growth rate did not exceed 3%." He added that "despite these challenges, both the monetary & fiscal authorities seek continuous consultation in order to gradually extinguish the domestic debt," stressing that "the government relies on enhancing financial sustainability by reducing the public debt balance annually & reducing the annual budget deficit to a percentage not exceeding 3% of the gross domestic product." He concluded that "this approach is part of a fiscal policy aimed at providing financing & protecting economic activity, which contributes to achieving stability & sustainable economic growth through coordination between fiscal & monetary policies." Tishwash: Nothing We Are Interested Is On The Agenda But At Least They Are Saying They're Going To Work But We Shall See. The Iraqi Parliament has set next Saturday, March 8, as the date to resume its sessions, according to what the media department of the parliament reported. According to the session agenda issued by the media department & received by Shafaq News Agency, the session will witness voting on the draft law amending the 4th law of industrial investment for the private & mixed sectors, in addition to voting on a decision to recommend the Ministry of Education to reinstate the trial system. The interim parliamentary committee will also discuss its report on preserving state property. 1st reading of the draft law to cancel the ratification of the agreement exempting holders of diplomatic & service passports from entry visas between the governments of Iraq & Cyprus will also be presented during the session, in addition to the 1st reading of the proposed law to amend the 2nd law of the Mukhtars & the report & discussion of the proposed 4th amendment to the law of medical & health professionals. Earlier, a parliamentary source reported that the parliament presidency decided to suspend the sessions & resume them next Saturday. The source told Shafaq News Agency that the Council Presidency informed the representatives that there would be no session this week & that the session would be held on Saturday evening after breakfast. For his part, member of the Parliamentary Legal Committee, Mohammed Anouz, revealed to Shafaq News Agency that Parliament sessions during the month of Ramadan will be in the evening after breakfast, to ensure the continuation of legislative work before the end of the current session. It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022 & is scheduled to last for four years, ending on January 8, 2026. No: Voting on the draft law amending the fourth amendment to the Industrial Investment Law for the private & mixed sectors No. (20) of 1998. (Economy, Industry & Trade Committee, Investment & Development Committee), (9) articles). Anya: Voting on a decision to recommend to the Ministry of Education to reinstate the trial system. 3rd: Report of the interim parliamentary committee to follow up on the preservation of state property. 4th: The 1st reading of the draft law to cancel the law ratifying the agreement exempting holders of diplomatic & service passports from entry visas between the Government of the Republic of Iraq & the Government of the Republic of Cyprus No. 26 of 2023. Foreign Relations Committee, (2) Articles. Parliament: 5th: The 1st reading of the proposed law amending the second law of the Mukhtars Law No. 13 of 2011. The Committee of Regions & Governorates Not Organized in a Region, the Security and Defense Committee, the Finance Committee, the Legal Committee, (8) articles. Rajuma Ni Nowina 6th: Report & discussion of the second reading of the proposed law amending the 4th amendment to the Law on the Progression of Medical & Health Professionals No. (1) of 2000. (Health and Environment Committee), (13) articles. The session begins at one o'clock in the afternoon. Luigi's two cents worth... While the nations of the world struggle with hyperinflation, Iraq is on target in controlling it's inflation at it's very core. Iraq becomes a model nation for the rest of the world to aspire to become. IMHO.

Here's an article of Dinarian interests... -There is absolutely no justification for a LOP. -A Lop is usually associated with runaway inflation. -Iraq has the lowest inflation rate of any nation on earth. Treat as a rumor. Not verified. FROM OTHER SOURCES: After The Decline In Inflation Rates… Economic Calls To Improve Financial Policy Management In Iraq. ARTICLE: financial specialists called for the need to improve financial policy management in Iraq after it witnessed a decline in inflation. Financial expert Abdullah Al-Bandar said, “The International Monetary Fund was optimistic about Iraq due to recording a clear decline in inflation during the 1st quarter of this year compared to the last quarter of 2023,” indicating that “economic policies in Iraq are going well & that the government is taking into account Fund directives regarding this. He added, “The IMF’s assistance to Iraq is usually conditional on the extent of Iraq’s commitment to its directives & advice. Therefore, the government and relevant parties must move towards improving the management of financial policy in Iraq & making it consistent with monetary policy, since our monetary policy is dependent on oil revenues.” Al-Bandar called for “the need to focus on developing non-oil economic sectors because they are very few compared to oil revenues, such as developing border crossings & developing the customs law, as well as the private sector’s contribution to the domestic product & reconsidering the customs tariff because Iraq is an importing country.” For his part, financial expert Manar Al-Obaidi explained in a post on his Facebook account, “One of the most important economic standards that countries always take into account in determining their data, because of its important role in formulating the country’s economic policy, is the monthly & annual inflation rates, which plays a role.” It is important in the overall daily life of the citizen & in the various economic sectors,” noting that “according to data from the Central Bureau of Statistics, the annual inflation rates in Iraq decreased from 4.5% at the end of 2023 to reach 1.6% in March 2024.” Al-Obaidi added, “Countries seek to reduce inflation rates according to their economic policies, as some countries try to target fixed inflation rates that do not increase or decrease, while others are looking for high inflation rates, especially producing countries & they differ according to the economic policy of each country,” pointing out that In Iraq, “there is no clear target for inflation rates except for one phrase mentioned in the strategic development plan that talked about keeping the inflation level below the 10% level.” Al-Obaidi explained that “the decline was not the result of a significant increase in prices, but rather is due to three basic factors that contributed to the inflation rates reaching these rates, which are considered among the lowest levels of inflation in the world & the Middle East.” He stated that “the 1st level is a change in the weights of goods, as the process of determining inflation depends on determining a weight that represents the relative importance of each commodity, meaning that the importance of bread to the citizen is not the same as the importance of clothing, for example. Therefore, the weights vary according to the importance of the commodity. At the beginning of 2024, the Central Bureau of Statistics changed the weights.” For each commodity, the relative weight of some commodities was increased, such as food, beverages, tobacco, education & health, in exchange for reducing some of the relative weights of other goods & services, such as housing & transportation, which includes fuel, for which the price of improved fuel was raised in 2024, in addition to household equipment. This change played an important role in reducing the inflation rate because some of the goods whose weights were increased did not increase much compared to those whose weights were reduced. He continued, “With regard to the 2nd level, it is changing the year of measurement, as the year of measurement in which a standard price was set for each commodity or product was the year 2012. The year of measurement was changed to the year 2022 & the increase or decrease in the prices of goods & services became dependent on the standard prices in 2022, not 2012 & this is the change greatly affects inflation rates in a way that reduces inflation rates,” pointing out that “the 3rd level is represented by the decline in the prices of some foodstuffs, such as bread, dairy, fruits & drinks, which now represent approximately 31% of the total inflation account & thus their decline or rise plays a fundamental role in Determining inflation levels. Therefore, general inflation decreased to 1.6%, while core inflation reached 2.7%. Al-Obaidi wondered, “Why specifically were major changes made, whether at the level of weights or at the level of the base year, in 2024, during a critical period when there are radical changes in monetary policy & financial policy?” Why was the year 2022 adopted as a measurement year? Is it really suitable to be a measurement year, especially since it is A year that comes after the Corona crisis, in which the world witnessed global inflation of various commodities & it was not a year of global stability? He concluded his speech by saying, “What we aspire to is for the data issued by various official bodies to be highly reliable & in line with the reality of the situation in order to formulate economic policies based on analyzing the gap between what is currently on the ground & the target value. No one can imagine.” The reaction of any citizen when you inform him that prices rose only 1% compared to the previous year.”

Here's some articles of Dinarian interests... -Turmoil in Iraq gold prices. -US is committed to Iraq. -The PM calls the private sector to invest in raw materials available in Iraq. -iraq Inflation reduced from 7.5% to 3.8%. -Iraq is committed to ending money laundering. -CBI breaks new record in currency auctions. Treat as rumors. Not verified. Your opine. - FROM OTHER SOURCES: An Economic Expert Explains The Reasons For The Turmoil In Gold Prices In Iraq. ARTICLE: The economic expert, Nabil Jabbar Al-Tamimi, revealed today, Thursday, the reasons for the change & turmoil in gold prices in Iraq. Al-Tamimi said in an interview with “Mawazine News”, “The gold market in Iraq is directly linked to international gold prices. The rise and fall of global prices is the only one that has an impact on the local gold market.” He added, “We are currently witnessing a global rise in prices, as the price of an ounce of 24-karat gold has exceeded more than $2,400, which represents the highest global gold prices throughout history. Waves of inflation, lax monetary policies around the world & a group of geopolitical turmoil have led to a rise in gold prices during the three years.” Which resulted in the spread of the Corona virus more than doubling.” He pointed out that “the prices of one ounce in 2020 ranged near $1,300 per ounce, while today’s trading is near $2,400 per ounce. FROM OTHER SOURCES: The American Ambassador Affirms Her Country’s Commitment To Supporting The Security & Stability Of Iraq. ARTICLE: The United States affirmed The Presidency’s Media Department stated. During the meeting, Rashid stressed “the importance of working to strengthen & develop relations in various fields, especially economic, commercial, cultural & environmental, in a way that achieves the common interests of the two countries & peoples.” He pointed to “the positive developments that the country is witnessing at various levels,” pointing out that “security stability is being consolidated thanks to the efforts of the Iraqi security forces in their various formations.” For her part, Elena Romanski expressed her country’s “commitment to supporting the security & stability of Iraq & strengthening relations of cooperation & friendship in various fields.” FROM OTHER SOURCES: The PM Calls On The Private Industrial Sector To Invest In Raw Materials Available In Iraq. ARTICLE: PM Muhammad Shiaa Al-Sudani called on the private industrial sector to invest in the raw materials available in Iraq. A statement from his media office stated that Al-Sudani launched, in the Al-Najaf Governorate, today, Thursday, the executive work on the Al-Diyar Al-Iraqiyya Glass Production Factory project. According to the statement, the project is the first to be implemented in accordance with the sovereign guarantees approved in the budget & in cooperation between the Iraqi Trade Bank & the Iraqi Trade Bank. TBI & the German Export Bank & it represents the most important forms of cooperation between Iraq & Germany, the foundations of which were laid during his visit to the German capital, Berlin.” Al-Sudani blessed the launch of work on this important project & appreciated the efforts of the Industrial Estates Authority, the Ministry of Industry & other supporting parties, stressing: “This factory is being implemented in an industrial city by an investor who has undertaken to provide all services. The industrial city is also preparing to embrace industrialists & provide land & services, which is an advantage.” We aspire to have it implemented in all governorates.” The PM indicated that the new project is the first to produce glass, with a capacity of 800 tons per day, which means 25% of the local market’s need. The factory will rely on silica available in Iraq, stressing the availability of many raw materials that have not been invested. He also directed the necessity of implementation according to Plan & schedule. The PM affirmed the government’s support for the private sector & the provision of guarantees for all projects that represent a priority, especially the housing & construction sector, which represents a large demand for construction materials, indicating the country’s need to triple the existing factories for coverage, calling on the serious private sector to invest in this important opportunity. As the government continues to remove obstacles and bureaucracy, this path will provide real job opportunities & larger industries will settle in this city & other industrial cities.” FROM OTHER SOURCES: Al-Handal Stresses Iraq’s Commitment To Combating Money Laundering.. What About Inflation? ARTICLE: The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed today, Thursday, that Iraq is committed to combating money laundering, pointing to the role of the Central Bank of Iraq in reducing inflation to 3.8% Al-Handal said during a speech he delivered at the Arab-Turkish summit in Istanbul, followed by Al-Iqtisad News, that “Iraq’s policy is focused on economic openness to all countries, to build a network of strong economic relations & to attract foreign investments in infrastructure development.” He added, “Bilateral relations between Iraq & Turkey are going through their golden age. Trade exchange reached 20 billion Dollars last year, & cooperation is great between Iraqi & Turkish companies in implementing strategic projects inside Iraq,” noting that “the visit of Turkish President Recep Tayyip Erdogan last month To Iraq, it will reflect positively on the Arab region, starting with the development road project.” The head of the Association of Iraqi Private Banks stated, “The Iraqi Development Road Project is one of the projects that will transform the form of transporting goods between East Asian countries & Europe, because it will contribute to shortening the time on the ship departing from the port of Al-Faw to Europe by fifteen days compared to other transport lines.” As well as reducing the cost in terms of insurance & transportation fees, which will be reflected positively on the final price of the goods, in addition to the fact that the project will provide more than 100,000 direct job opportunities with the establishment of large factories inside the country.” He pointed out, “The development road will link the countries of China, India, the Emirates, Qatar, Iraq & Turkey, all the way to Britain, through rail & land lines to transport goods & people. It is the leading project in the region currently, as it will contribute to transporting fifteen million passengers annually & more than 22 million tons of food.” Goods & will cost seventeen billion Dollars, with revenues for Iraq amounting to about 5 billion Dollars annually.” Al-Handal called on Arab & foreign banks to “contribute to financing investments while continuing to work on providing sovereign guarantees, in a way that contributes to accelerating work & achieving development for all.” He stated, “The CBI worked with its Turkish counterpart, during the previous stage, to adopt the Turkish Lira & the Euro to finance trade exchange between the two countries.” He stressed that “the private banking sector is progressing rapidly in growth, despite the great challenges surrounding it & that some banks that faced difficulties in dealing in the Dollar continue to work in other currencies, in implementing the aspirations of their customers, in addition to increasing the types of banking services, which… “It reflects positively on the sector’s work in increasing the rate of financial inclusion.” He explained, “The monetary policy, led by the CBI, during the current stage, has worked very successfully, contributing to reducing inflation from 7.5 percent to 3.8 percent,” noting, “Iraq’s foreign currency reserves have reached more than 111 billion.” $ & gold 145.6 tons, which makes it ranked fifth in the Arab world.” Al-Handal thanked the Union of Arab Banks, praising this two-day Arab-Turkish summit, wishing to come up with urgent decisions that contribute to changing the face of the region economically & give hope to our people, who are suffering from the effects of inflation, high prices, & the migration of foreign investors. He concluded by saying: “Iraq is one of the countries committed to combating money laundering & terrorist financing, according to what was announced by the Financial Action Task Force for the Middle East & North Africa (MINFATF), which is an indicator that all countries rely on,” praising “the role of the CBI & the Iraqi judiciary in preserving to classify Iraq globally as one of the countries committed to combating money laundering & terrorist financing. FROM OTHER SOURCES: 252 Million Dollars In Sales From The CBI Within A Day. ARTICLE: Foreign remittance sales at the CBI auction, on Thursday, increased by 90% at the expense of cash sales, reaching more than $252 million. Today, during its auction for buying & selling the USD, the CBI sold 277 million, 354 thousand & 736 Dollars, which the bank covered at a base exchange rate of 1,310 Dinars per Dollar for documentary credits & international settlements for electronic cards, at a price of 1,310 Dinars per Dollar for external transfers & at a price of 1,305 Dinars per Dollar in cash. Most of the bank’s Dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 252 million, 154,736 Dollars, an increase of 90% over cash sales of 25 million & 200 thousand Dollars.

Here's some articles of GCR concerns... How to destroy the Republic in just a few short years. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: Key Underlying Interest Rate Could Rise In The Future – Fed’s Waller. ARTICLE: A major underlying interest rate could increase in the future, although it is too early to tell if this will come to pass, according to Federal Reserve Governor Christopher Waller. Speaking from prepared remarks at an event in Iceland, Waller, who is seen by analysts as one of the most prominent voices on the U.S. central bank, said there has “been a lot of debate” around whether or not so-called “R-star” has increased. R-star has been interpreted as the supposed level of interest rates that neither stimulates nor restricts the economy & leaves inflation anchored at the Fed’s target pace. While it is widely viewed as an uncertain figure, it has also been seen as a tool to help assess the impact of monetary policy at a given time. Recently, Fed officials have been openly wondering if R-star is set to move higher, particularly as economic activity in the U.S. has remained resilient despite an extended period of elevated interest rates. If this were to be the case, then it could signify the start of a new era of higher borrowing costs. One central factor Waller addressed was increased demand for Treasury debt issuance versus supply. Should growth in the supply of U.S. Treasuries begin to outstrip demand, he argued, “more upward pressure” may be placed on R-star. However, he flagged that “only time will tell how large a factor the U.S. fiscal position will be in affecting R-star.” In his speech, Waller did not comment on short-term inflation trends or the outlook for interest rates in the run-up to the rate-setting Federal Open Market Committee’s next monthly meeting. FROM OTHER SOURCES: The WB Expects Oil Prices To Exceed $100 As The Conflict Escalates In The Middle East. ARTICLE: The World Bank said on Friday that the disruption of oil supplies if the conflict escalates in the Middle East could lead to a rise in global inflation rates. The bank said in a report published today that a severe price disruption could lead to oil prices exceeding $100 per barrel, which would increase inflation in 2024 by about one percentage point. He added that the continuation of geopolitical tensions over the past two years led to a rise in the prices of oil & many other commodities even as global growth slowed. For example, the price of Brent crude jumped to $91 per barrel earlier this month, about $34 per barrel more than the average for the 2015-2019 period. The bank’s forecasts indicate that Brent crude prices will reach $84 per barrel on average in 2024 before falling to $79 on average in 2025, assuming there are no disruptions to oil supplies due to the conflict. But if conflict in the Middle East escalates, these unrest could push global inflation rates higher. The report added, “If minor disturbances occur, it may lead to raising the average price of Brent crude to $92 per barrel during the current year.” According to the report, severe unrest could lead oil prices to exceed $100 per barrel, raising global inflation in 2024 by about 1 percentage point. The report also noted that the average price of gold – a popular choice for investors looking for a “safe haven” – is expected to reach a record level in 2024 before declining slightly in 2025. Gold enjoys a special status among assets & its price often rises during periods of uncertainty in geopolitical conditions & public policies, including conflicts. The bank stated that, strong demand from several central banks in developing countries, coupled with increasing geopolitical challenges, is expected to boost gold prices throughout 2024. The report indicates that the escalation of conflict in the Middle East could also lead to higher prices for natural gas, fertilizers & food & the region is an important supplier of gas – 20% of the global trade volume of liquefied natural gas passes through the Strait of Hormuz. The bank warned that if LNG supplies are cut off, fertilizer prices will also rise significantly, which will likely lead to higher food prices. According to World Bank forecasts, food prices will generally fall somewhat – by 6% in 2024 and 4% in 2025. Fertilizer prices are expected to fall by 22% in 2024 & 6% in 2025. The bank’s report pointed out that the acceleration of investment in green technology has led to a strengthening of the prices of key metals, which are critical to the global transition to clean energy. Copper prices – the main component used in electricity grid infrastructure and the electric vehicle industry – rose to their highest level in two years this month, according to the report. The World Bank added that it is expected to rise by 5% in 2024 before stabilizing in 2025. Aluminum prices are expected to rise by 2% in 2024 & 4% in 2025, supported in particular by the production of electric cars, solar panels & other products. Renewable energy infrastructure. Shafaq.com.

Here's an article of Dinarian interests... Will America Make it to the 2024 election? Inflation is out of control. The economy is breaking down. We are being lied to about the economy. We need this GCR right now. Go RV. Treat as a rumor. Not verified. Your opine. From Other Sources: Inflation Soars As The Economy Grinds to a Halt. ARTICLE: It’s official: Inflation is soaring while the economy grinds to a halt. As Business Insider put it, “The US economy may be barreling towards stagflation, an outcome worse than recession.” Last time they screwed up this bad we got years of double-digit unemployment *and* double-digit inflation. It only ended with a brutal Fed-engineered recession that cost Jimmy Carter the 1980 election. Will history repeat itself? Will this cost Biden the next election. See video at source...Google key words in title.

Here's an article that is of GCR concerns... Inflation is a global issue. The good news...consumers are fighting back. The best way to increase purchasing power & stop inflation... RV the global currencies, end trade wars & currency manipulation. Treat as a rumor. Not verified. Your opine. From Other Sources: Consumers Are Increasingly Pushing Back Against Price Increases & winning. ARTICLE: Inflation has changed the way many Americans shop. Now, those changes in consumer spending habits are helping to bring down inflation. Fed up with prices that remain about 19%, on average, above where they were before the pandemic, consumers are fighting back. In grocery stores, they’re shifting away from name brands to store-brand items, switching to discount stores or simply buying fewer items like snacks or gourmet foods. More Americans are buying used cars, too, rather than new, forcing some dealers to provide discounts on new cars again. But the growing consumer pushback to what critics condemn as price-gouging has been most evident with food as well as with consumer goods like paper towels & napkins. In recent months, consumer resistance has led large food companies to respond by sharply slowing their price increases from the peaks of the past three years. This doesn’t mean grocery prices will fall back to their levels of a few years ago, though with some items, including eggs, apples & milk, prices are below their peaks. But the milder increases in food prices should help further cool overall inflation, which is down sharply from a peak of 9.1% in 2022 to 3.1%. From Other Sources: Public frustration With Prices Is A Hot 2024 Campaign Issue. Blaming Trump For Inflation Incurred Under Biden's Watch No Longer Hacks It Anymore With The Voters. ARTICLE: Public frustration with prices has become a central issue in President Joe Biden’s bid for re-election. Polls show that despite the dramatic decline in inflation, many consumers are unhappy that prices remain so much higher than they were before inflation began accelerating in 2021. Biden has echoed the criticism of many left-leaning economists that corporations jacked up their prices more than was needed to cover their own higher costs, allowing themselves to boost their profits. The WH has also attacked “shrinkflation,” whereby a company, rather than raising the price of a product, instead shrinks the amount inside the package. In a video released on Super Bowl Sunday, Biden denounced shrinkflation as a “rip-off.” Consumer pushback against high prices suggests to many economists that inflation should further ease. That would make this bout of inflation markedly different from the debilitating price spikes of the 1970s & early 1980s, which took longer to defeat. When high inflation persists, consumers often develop an inflationary psychology: Ever-rising prices lead them to accelerate their purchases before costs rise further, a trend that can itself perpetuate inflation. Biden has yet refused to take any responsibility for inflation & continues to shift blame to the former administration or falsely claim inflation is under control or is currently at 0%.

Here's an article of Dinarian interests... USD speculation blamed for runaway Iraq inflation. Greed & price manipulation by the corrupt are the real causes. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Parliamentary Finance: Speculators Continue To Manipulate The Selling Prices Of Goods & Commodities Under The Pretext Of The Dollar. ARTICLE: The Parliamentary Finance Committee confirmed, on Sunday, that price speculators continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the rise in the price of the Dollar. The head of the committee, Atwan Al-Atwani, said in a statement, a copy of which was received by a news agency, that “despite the government’s keenness to provide all the necessary financial facilities & support to all merchants, the greedy among them & the speculators are still living off crises by maximizing their profits & inflating their coffers, at the expense of their livelihood.” the poor”. He added, “These speculators & profiteers did not give any consideration or respect to the government’s commitment to provide hard currency for their commercial transactions through the official CBI platform, as they continue their suspicious trade by manipulating the selling prices of goods & commodities to an exaggerated extent under the pretext of the high price of the Dollar, even though they import them at the official price.” “. Al-Atwani called on “the government & its regulatory agencies to tighten control over the market, to ensure price stability & to impose the harshest penalties on weak-minded traders, so that they can serve as an example to others.”

Here's an article of Dinarian interests... Iraq inflation decreases. Could poverty & the lack of jobs have anything to do with it? Who has any money to spend? Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Planning Announces The Decline In The Inflation Rate Last July. ARTICLE: The Ministry of Planning announced a decrease in the inflation rate during the month of July, by (0.6%), compared to what it was in the month of June that preceded it. The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said in a statement, a copy of which a news agency received, that “the Central Statistical Organization recorded a decline in the inflation rate during the month of July, by (0.6%), compared to what it was in the month of June that preceded it.” “. He added, “The decrease in the inflation rate was affected by the decrease in the prices of the food & non-alcoholic beverages section, by (0.2%).” He pointed out that the prices of milk, cheese & eggs decreased by (1.6%), while the prices of vegetables decreased by (1.5%), oils & fats decreased by (1.6%), while the prices of fish & non-alcoholic beverages decreased by (0.5%). & (0.4%), respectively. He pointed out that “the sections of tobacco, clothing, shoes, supplies & equipment, health, transportation, education, restaurants & miscellaneous goods & services recorded a slight increase in their prices during the month of July, ranging between (0.1%) and (0.6%), with the exception of the housing section, which recorded an increase by (2.2%). %), while the prices of the entertainment department decreased by (0.1%). Regarding the annual inflation, Al-Hindawi stated that it “increased by (3.5%) in July this year, compared to what it was in the same month of last year 2022.” He explained that “the Central Statistical Organization updated the entire food basket during the month of June, in addition to updating the prices of phones, computers & cars,” noting that “the sample that is being monitored in the markets includes all goods and services, the number of which is (333) goods & services, with an average rate of The monthly expenditure on it is 88% of the total per capita expenditure.

Here's an article from Dinarland... Iraq economics advisor warn of inflation. Iraq must grow the economy before the RV-RI. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Deleting Zeros & Printing A New Currency Will Raise Inflation. Special|..Economic expert Ahmed Saddam warned today, Thursday, against printing a new currency, pointing out that this will lead to an increase in the level of inflation. Saddam said in an interview with Al-Jarida , that “printing a new currency with no expansion of non-oil commodity production, i.e. the absence of real growth in non-oil domestic product, will lead to raising the level of inflation, meaning the depreciation of the currency against the Dollar & the instability of prices & therefore no. This can be considered a solution that alleviates the monetary crisis in Iraq. He explained, “Resorting to deleting zeros, this option cannot work unless there is stability in the Dollar ER, economic diversification & political stability & these conditions are not available in Iraq at present, meaning that deleting zeros under the current circumstances may be feasible only from a computational point of view.” If there will be ease in transactions in large numbers, no more & this procedure is not feasible if we take into account the costs that the central bank will bear to print a new currency. The Banking System Is Facing Serious Disturbances: Cash Withdrawal Operations Are Expanding! The economic advisor, Ziyad Al-Hashemi, said today, Wednesday, that the operations of withdrawing cash balances from accounts with local banks are among the dangerous signs that indicate a weakness in the level of confidence & concern about the loss of the monetary value of savings in Iraqi banks, which led to the tendency of dealers to withdraw their savings from the Dinar & search for Dollars.. And Al-Hashemi told a news agency that the fever of these withdrawals may expand as a result of the continued rise in ER & the state of turmoil in the banking system remaining unresolved & this will generate a significant decrease in the cash balances with banks & this may eventually lead to the collapse of those banks & the declaration of their bankruptcy.. Al-Hashemi added, “This dangerous scenario reminds us of the collapse of US banks that occurred a few months ago as a result of the widespread & continuous cash withdrawal by dealers & this caused great confusion in the US banking system, which prompted the US Federal Reserve to intervene urgently to save the US banking system.”

Here's an article of Dinarian interests.... Iraqi Inflation & Corruption Are Top Priority. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Sudanese Consultant Recommends Providing A Climate Of Competition To Reduce Exploitation & Price Speculation. ARTICLE: Today, Sunday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, recommended the need to provide a climate of competition to limit exploitation & price speculation. In an interview followed by Al-Malooma Agency, Saleh said, “In order to ensure competitiveness in the market & reduce liberal chaos in the exchange sector, we must return to the bonds of social market institutions by spreading consumer & production cooperatives that practice competitive price discipline & quality control at the same time.” He added, “Methods of fraud & commercial deception are still causing severe damage to the interests of the public & exploiting them through price speculations & goods & services far from quality control for the sake of illegal gain at the expense of the citizen’s limited income.” Saleh pointed out that “the poor quality of the processed goods, which are supplied from not internationally recognized mills, are not subject to quality or quality control.” He pointed out that “this is the biggest waste in suppressing the competitiveness of the economy & reducing the consumer’s benefit & levels of legal protection in accordance with the accepted national & international standards in trading goods & services within the national market.” Luigi asks...Whats the best way to control Iraq inflation & purchasing power? RV, RV, RV, RV, NOW.

Here's an article of Dinarian interests.. Overspending on Budget Law will lead to inflation. IMF issues warning of inflation in the IQD. All the more reason why Iraq must RV-RI, now. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: IMF Comments On Iraq’s Budget & Re-Warns Of “Inflation” In The Currency. ARTICLE: Today, Monday, the American “Financial Post” newspaper reported a warning that it said was issued by the IMF to the Iraqi government regarding the Budget Law in its current form after its approval after four continuous days of deliberation & political problems between Baghdad & the Kurdistan region of Iraq. A newspaper said, according to what it translated, that “the Iraqi government under the administration of the current Prime Minister, Muhammad Shia’a al-Sudani, passed the” largest budget “in the history of Iraq, amounting to 153 billion US dollars,” explaining that “the IMF issued a warning to the Sudanese on the atheist & the 30th of last May about the government’s spending of such large sums, given the current economic conditions. The newspaper pointed out that the IMF concern is due to fears that large government spending will lead to inflation in the Iraqi currency, the IQD, which in turn leads to a spiral of economic deterioration affecting the future of the country, according to its description. It is noteworthy that Iraq recorded a decline in inflation rates during the month of April, which reached 1%, with the CBI heading towards buying large quantities of gold to support the local economy. For his part, the CBI announced that the country has become in the thirtieth place internationally with the quantities of gold reserves stored.

Here's an article of Dinarian interests... Iraq takes bold step to control inflation. It would appear Iraq wants to lock in the current official ER for a long time. The official exchange rate is 1,470 IQD to the USD. Treat as a rumor. Not verified. Your opine. Bondlady's Corner via TLM724: ARTICLE: The Council of Ministers Oblige the CBI Governor To Sell Goods & Services According To The Official Exchange Rate Of 1,470 IQD To The USD. The CBI Governor, Mustafa Makhaif, today, called on today, Tuesday, on the mechanism to deal with the banks in Iraq & the problem with inflation in Iraq.