IMF Staff Concludes Staff Visit with Iraq

[NMP2017]

5 hours ago, Shedagal said:

Donald Trump on Truth Social:

 

So, now we have reached a point when a President of the United States has WEAPONIZED the Department of Justice as though we were a Third World Country...

 

 

 

 

 

 

Joe, the merican politicians AND the media are showing the world they are as corrupt as those in any 3rd world country...last step before a dictatorship and your loss of freedom America!...but then I'm a loony tune what do I know! 😂

 

[NMP2017]

17 hours ago, 6ly410 said:

between today and 01/01/24 we should see the new rate - IMO

Mine too

[6ly410]

👀

[6ly410]

Iraq’s economy expected to close 2023 with deficit: IMF

Projections by the International Monetary Fund estimate a deepening of the deficit in 2024 due to the slowdown in economic activity and increased public spending.

 20/12/2023  11

Iraq’s economy expected to close 2023 with deficit: IMF - Agência de Notícias Brasil-Árabe (anba.com.br)

AHMAD AL-RUBAYE/AFP

Da Redação
 

São Paulo – Iraq’s economy is expected to grow less and record a deficit this year and in 2024 due to the reduction in oil revenue and increased public spending. In a release made public this Tuesday (19), the International Monetary Fund (IMF) said the country has adopted measures to contain inflation and stabilize the economy. However, there are challenges for the next two years. Pictured above, a construction in the capital Baghdad.

From December 12 to 17, Iraqi authorities and an IMF staff team met in Amman, Jordan, to assess the Iraqi economic outlook. After the visit, the head of the mission, Jean-Guillaume Poulain, released a statement. In the release, Poulain said the country’s non-oil industries are projected to close this year with a growth of 5% and maintain a solid expansion for next year.

However, lower activity in the oil sector is expected to slow down the country’s Gross Domestic Product (GDP) growth this year and in 2024. Among the reasons for the lower oil output are the production cuts approved by the Organization of the Petroleum Exporting Countries and its allies (OPEC+), of which Iraq is a permanent member, and the closure of a pipeline connecting it to Turkey.

In the Fund’s release, Poulain also expressed concern about the country’s deficit this year, which is expected to increase in 2024 despite the surplus in 2022. “The large fiscal expansion, including a substantial increase in public hiring and pensions, creates permanent spending that will put pressure on public finances over the medium term,” said Poulain in the document.

The IMF also noted that Iraqi inflation has already dropped since the peak recorded in January and is expected to stabilize in the coming months due to the tighter monetary policy of the Central Bank of Iraq, lower food prices, and normalization of trade finance.

 

[6ly410]

RV!

2 minutes ago, 6ly410 said:

and is expected to stabilize in the coming months due to the tighter monetary policy of the Central Bank of Iraq,

 

[6ly410]

On 12/19/2023 at 8:21 AM, 6ly410 said:

helped by the Central Bank of Iraq’s (CBI) tighter monetary policy, passthrough from the exchange rate revaluation,

 

[6ly410]

Lol

[6ly410]

6 minutes ago, 6ly410 said:

and normalization of trade finance.

 

 

[6ly410]

1310 is not normal LOL

[6ly410]

I looked at the previous imf report from May 23 nobody is talking about the Rv from 1460 to 1310 

[6ly410]

Lol 

[6ly410]

RV let’s go now - 01/01/24 no more dollars party is over imo 

[6ly410]

open the budget and start spending I doubt that it will be at 1310 

[6ly410]

18 minutes ago, 6ly410 said:

I looked at the previous imf report from May 23 nobody is talking about the Rv from 1460 to 1310 

nvm - I correct that I found something about it - old news

[6ly410]

 https://cbi.iq. 👀

[ddl]

This should clarify the exchange-rate pass-through-------

 

The "standard pass-through regression"^[3] is

where  is import price,  is the exchange rate,  is marginal costs,  is demand, and  denotes a first difference. The exchange-rate pass-through after  periods is

 

Hope this helps! 

[6ly410]

we have several different translations for the same article 

[6ly410]

some say - raising the exchange rate - 

[6ly410]

5 hours ago, 6ly410 said:

thanks to a tighter monetary policy by the Central Bank of Iraq, the impact of the appreciation of the Iraqi dinar exchange rate,

 

[Spartakus]

6ly410 is on fire!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I totally agree with my brother, but  I would not buy a single dinar more than what I have. No, regardless of positive articles pointing to an exchange rate by 1/1/2024.

[6ly410]

The time is NOW - IMO  GOO RVVV!!!

[NoviceInvestor]

The suspense is killing me 😃

[6ly410]

01/01/24 no more dollars - budget spending is supposed to start anytime. go RV! 

[8th ID]

[8th ID]

I know the suspense is killing everyone…😂

 

I agree though, that with everything they have said and done, this is not like any other time in the past. They have set themselves up in a corner if they don’t change something by the end of the first quarter.

 

Now, gotta go get some rest…😆