IMF Discusses Strengthening Iraqi Dinar

[RJG]

IMF Discusses Strengthening Iraqi Dinar

12th March 2025 in Iraq Banking & Finance News, Iraq Industry & Trade News

By John Lee.

Iraq's delegation concluded its meetings with the International Monetary Fund (IMF) in Amman (February 24-26), with participants including Minister of Finance Taif Sami and the Governor of the Central Bank of Iraq (CBI).

Discussions focused on Iraq's economic performance and sustainable growth prospects, with the IMF acknowledging the progress made.

Key discussions included:

• Non-oil GDP growth of 5% in 2024, driven by agriculture expansion and increased public spending, with 3.5% growth expected in 2025.
• Reduced dependence on oil revenues, improving economic diversification and stability.
• Review of actual 2024 expenditures and 2025 revenue forecasts, alongside strategies for deficit financing.
• Public debt strategy update, ensuring fiscal sustainability and investor confidence in government bonds.
• Financial sector reforms, with the IMF stressing the importance of banking modernization to attract foreign capital.
• Expanded collaboration with international correspondent banks to facilitate trade financing.
• Increased use of the Iraqi dinar in major transactions to strengthen the national currency.

The IMF reaffirmed its support for Iraq's financial policy development, offering advisors and experts to assist the Ministry of Finance in public debt management and tax system improvements.

The meetings underscored Iraq's commitment to fiscal reforms, promoting economic stability and investment-friendly policies, in line with its strategic partnership with the IMF.

(Source: Ministry of Finance)

https://www.iraq-businessnews.com/2025/03/12/imf-discusses-strengthening-iraqi-dinar/

[horsesoldier]

They've been discussing this for years and look where they are.

[screwball]

3 hours ago, RJG said:

• Financial sector reforms, with the IMF stressing the importance of banking modernization to attract foreign capital.
• Expanded collaboration with international correspondent banks to facilitate trade financing.
• Increased use of the Iraqi dinar in major transactions to strengthen the national currency.

yep and as per IMF make a "sizeable fiscal adjustment" an create "fiscal space"...plan has not changed only time frames

Edited March 13 by screwball

[screwball]

3 hours ago, horsesoldier said:

They've been discussing this for years and look where they are.

yeah but we had shabibi charged and had to leave country, fall of mosul thanks to ISIS and Obama and Iran (CIA) and Iran General in Iraq running hit squads

[dinarham]

Oddly enough , IQD was worth more then than it is now

[JonnyV]

1 hour ago, screwball said:

yeah but we had shabibi charged and had to leave country, fall of mosul thanks to ISIS and Obama and Iran (CIA) and Iran General in Iraq running hit squads

 

Don’t forget Maliki making it happen. 

[horsesoldier]

1 hour ago, screwball said:

yeah but we had shabibi charged and had to leave country, fall of mosul thanks to ISIS and Obama and Iran (CIA) and Iran General in Iraq running hit squads

Alot of things have and still do stand in the way of Iraqi progress...it's a Shyte show to be sure.

[3n1]

41 minutes ago, JonnyV said:

 

Don’t forget Maliki making it happen. 

 

you got it .... the man set iraq on a path to ruin it was unbelievable watching it all unfold ... the cbi recently touted about having 13 billion in gold reserves , Maliki has a estimated net worth of 40 billion being a politician pays pretty good in iraq huh  .... its so jacked up 

[bigwave]

26 minutes ago, 3n1 said:

being a politician pays pretty good

Yeah, just ask maxine, nanpo, cryin' chuck, o et.al. 

[Laid Back]

Come on Iraq 🇮🇶 It’s time to strengthen the dinar.

 

Go Iraq

Go diversification of the economy 

Go private sector

Go economic growth 

Go stronger dinar 

Go $1:1

[Hockey1]

It is time.

[RJG]

Iraq discusses with the IMF strengthening the dinar.

March 14, 2025

Baghdad - Al-Zaman:
The Iraqi delegation concluded its meetings with the International Monetary Fund, with the participation of Finance Minister Taif Sami and the Governor of the Central Bank of Iraq, Ali Al-Alaq, in Amman.

The Ministry of Finance stated in a statement that "the meetings focused during discussions on Iraq's economic performance and prospects for sustainable growth, with the International Monetary Fund commending the progress made."

He continued, "The meeting also discussed non-oil GDP growth of 5% in 2024, driven by the expansion of the agricultural sector and increased public spending, with growth expected to reach 3.5% in 2025," noting "the effort to reduce dependence on oil revenues, which will enhance economic diversification and stability."

He pointed out that "actual spending for 2024 and revenue forecasts for 2025, along with deficit financing strategies, will be reviewed, as will updating the public debt strategy to ensure financial sustainability and enhance investor confidence in government bonds."

The meeting addressed "reforms in the financial sector," with the International Monetary Fund stressing the importance of modernizing the banking system to attract foreign capital, and emphasizing "expanding cooperation with international correspondent banks to facilitate trade financing."

The International Monetary Fund (IMF) renewed its support for developing Iraq's fiscal policy, proposing to provide advisors and experts to assist the Ministry of Finance in managing public debt and improving the tax system, as well as increasing the use of the Iraqi dinar in key transactions to strengthen the national currency.

The meetings reflected "Iraq's commitment to financial reforms, enhancing economic stability, and adopting investment-friendly policies, in line with its strategic partnership with the International Monetary Fund."

https://www.azzaman.com/العراق-يناقش-مع-صندوق-النقد-تعزيز-قوة-ا/

[screwball]

6 hours ago, RJG said:

as well as increasing the use of the Iraqi dinar in key transactions to strengthen the national currency.

International forex?