Al-Nusairi: 2025 indicators: a strong economy, a recovering dinar, and developing banks.

[RJG]

Al-Nusairi: 2025 indicators: a strong economy, a recovering dinar, and developing banks.

 

 

Uses

   

 

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Economy News - Baghdad

Economic and banking advisor Samir Al-Nusairi confirmed that his predictions, made in previous articles and statements, that our economic indicators in 2025 herald a strong and robust economy based on the availability of foreign currency reserves exceeding $108 billion and 163 tons of gold, sufficient to cover imports for 18 months.

Al-Nusairi said in an interview with Al-Eqtisad News that the local currency issued amounted to approximately 100 trillion dinars, and our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards the equilibrium price targeted by the Central Bank. Our banks are developing and proceeding at a steady pace in accordance with the Central Bank’s strategy for reform, development, digital transformation and compliance with international standards. The number of Iraqi banks that have banking relations and accounts in solid international correspondent banks and deal with them directly in foreign transfers has reached approximately 20 banks and deal in multiple foreign currencies after leaving the electronic platform at the end of 2024.

He explained that the Central Bank is making great efforts to qualify, develop and assist other banks to join the twenty banks mentioned above, pointing out that it is closely monitoring the reality of monetary policy applications and the Central Bank’s procedures, closely monitoring international economic variables and their impact on the Iraqi economy and complying with international standards that allow Iraq to be regular in the global banking system and controlling the movement and safety of foreign currency trading. The banks’ commitment to implementing the new foreign transfer instructions and addressing obstacles as soon as possible has refuted the extremist and pessimistic views that say the exchange rate crisis will continue and our situation will be like that of Lebanon, Iran, Syria and Turkey when the dollar devoured the local currencies of these countries.

He explained that through our precise knowledge of the Central Bank's monetary policy applications, its coverage of the entire demand for the US dollar in the trading market and through its various official outlets, and its control over the distribution of cash dollars according to a new method that the US Treasury praised and considered a globally advanced method for distributing the US dollar, and this is what I confirmed in my previous articles, that the dinar will recover and the crisis is temporary despite all the external and internal reasons.

At the end of his speech on the Central Bank, Al-Nusairi hoped that the next phase would be an evaluation and analysis phase of the achievements made in 2023 and 2024, and a re-evaluation of operating banks and licensed and unlicensed exchange offices, reclassifying them and developing their work in all fields in 2025. He also hoped that stability would be maintained in the financial and monetary system and that important steps would be taken to stimulate and enable the banking sector to contribute to investment and development, as stated in paragraph 7 of axis twelve in the government program for reforming the financial and banking sector, because banking reform is the beginning of comprehensive economic reform.

 

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460 views

Added 03/26/2025 - 9:43 AM

https://economy-news.net/content.php?id=53806

[horsesoldier]

Puhleeeease 

[rvmydinar]

On 3/26/2025 at 9:30 PM, RJG said:

Al-Nusairi: 2025 indicators: a strong economy, A RECOVERING DINAR , and developing banks.

Say Whaattttt?? What does " a recovering dinar " mean according to iraq definition?? 1,320?

[keylime]

1 hour ago, rvmydinar said:

Say Whaattttt?? What does " a recovering dinar " mean according to iraq definition?? 1,320?

More importantly, what's the "equilibrium price" towards the dollar "targeted by the Central Bank"?

 

 

[rvmydinar]

51 minutes ago, keylime said:

More importantly, what's the "equilibrium price" towards the dollar "targeted by the Central Bank"?

 

 

Like what we always do is just wait and see. Hopefully, we will get the answer shortly without any delays and excuse to go for holidays. 

[horsesoldier]

1 hour ago, keylime said:

More importantly, what's the "equilibrium price" towards the dollar "targeted by the Central Bank"?

 

 

"Equilibrium" - Probably something to do with an obtuse reference to the inner ear...lord knows how they can equate one with the other, but I guess the managed that too.

All part of the Arab financial balancing act...well they are clowns in a sense, aren't they.

[3n1]

On 3/26/2025 at 9:30 AM, RJG said:

our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards the equilibrium price targeted by the Central Bank

 

hmmm maybe thats the trigger the cbi is shooting for to give the iqd purchasing power not sure what the equilibrium target price is ? 1 to 1 sounds about right to me but it very well could be a inner ear issue the cbi gov. is experiencing ... letsroll  

Edited March 27 by 3n1

[screwball]

7 hours ago, keylime said:

More importantly, what's the "equilibrium price" towards the dollar "targeted by the Central Bank"?

 

 

1:1?

[screwball]

4 hours ago, 3n1 said:

 

hmmm maybe thats the trigger the cbi is shooting for to give the iqd purchasing power not sure what the equilibrium target price is ? 1 to 1 sounds about right to me but it very well could be a inner ear issue the cbi gov. is experiencing ... letsroll  

LOL....just responded before seeing your response....you are 100% correct 1:1

[3n1]

41 minutes ago, screwball said:

LOL....just responded before seeing your response....you are 100% correct 1:1

 

appreciate what you add to the topics SB ..cheers

[screwball]

equilibrium price also has a lot do with the cbi adjust rates to create the imbalance that can be caused by he reconstruction budgets! shabibi said it was the cbis job to support government.....

[screwball]

do you think april 2nd when reciprocal tariffs get imposed that this would cause a budget imbalnce?

[Theseus]

On 3/28/2025 at 12:57 AM, rvmydinar said:

Like what we always do is just wait and see. Hopefully, we will get the answer shortly without any delays and excuse to go for holidays. 

Gee Brain, what are we going to do now? 

 

We do like we always do Pinky, we plan to take over the world.

 

Snarf!

 

They're Pinky and the Brain...

Edited March 28 by Theseus