CBI Prudent Policies To Counter Changes In The Global Economy.

[Luigi1]

Here's an article of Dinarian interests...

Direct From The SANDBOX Report.

-CBI Prudent Policies To Counter Changes In The Global Economy.

Treat as a rumor.  Not verified.  Your opine.

 

 

FROM IRAQI SOURCES:    CBI Prudent Policies To Counter The Impact Of Changes In The Global Economy.
ARTICLE:  Samir Al-Nusairi: For several years, the global system has been witnessing complex economic, financial & security crises, the accumulated causes of which have centered on rising energy & food prices due to the Russian-Ukrainian war, US & European sanctions on Russia & the Zionist entity's aggression against Palestine, Lebanon & Syria.

 

The Zionist entity continues to employ a strategy of using war & its military machine, with the support of America & Europe, to draw the political, security &d economic map of the new Middle East.

 

In addition to the impact of the US-China struggle for global economic control, the divisions in the visions & strategies of the G20, the G7, the BRICS group & other int'l groups working to form new economic poles & finally Trump's new policies of increasing taxes & tariffs on some competing industrial countries, which has led to confusion in the global economic & trade map.

The evidence is the current crises that have harmed the economies of major countries before smaller ones & what we are currently witnessing of high stagflation in most countries of the world, most notably in the US, the European Union countries & countries of the geographical region & the decline in the purchasing power of these countries' local currencies.

 

Therefore, we believe that our economy will suffer in the near term from the negative effects of the global economic system, from the lack of control over the supplies of food & basic commodities & oil prices may fall below what was planned in the General Budget for 2025, in light of the changing circumstances.

 

These Effects Will Lead To Negative Repercussions On Our Economy & The Methodology Of Financial & Banking Reform.
Given that economic stability is achieved through stability in the financial & monetary systems, the CBI's precautionary measures in 2023 & 2024 & its objectives outlined in its third strategy until 2026, in light of expected developments in future crises, require a fundamental reliance on building foreign reserves at a level that covers the local currency in circulation, imports, external debt repayments & other int'l obligations.

 

It also seeks to diversify reserves to include a basket of currencies, gold, bonds & securities.  It also adopts policies & mechanisms to regulate foreign trade financing & comply with int'l standards.

 

This is exactly what the CBI did during this period, as its foreign exchange reserves reached more than $107 billion & 162.7 tons of gold.  The World Gold Council announced that Iraq ranks fourth in the Arab world & twenty-eighth globally.

 

This confirms that the CBI is proceeding steadily to achieve the objectives of monetary policy in reducing inflation & controlling the general price level.

 

This is what it recently announced, that the annual inflation rate reached 2.8% & the basic rate 2.5%, as well as controlling the money supply & maintaining the ER of the Dinar within the balanced price in the trading market, despite the fluctuations from time to time in the ER of the Dollar in cash on the black market.

 

Continuous Monitoring & Analysis Of The Interest Rate Set By The CBI.

This requires fiscal policy, key economic sectors & the ministries responsible for them to work together & in clear & specific coordination with the CBI's management to achieve economic stability, hedge against the global economic crisis & mitigate its expected future repercussions over the next three years.

[Luigi1]

Here's the Wolverine's two cents worth...good news from Iraq...

 

 

Wolverine:  Good News From Iraq.

ARTICLE:  Big Bond Holders are flying to the US right now. 

We have big news that this is the week we have been waiting for.

There is good news from Iraq that it’s going to get released.

We’re hearing good news from lots of platforms.