An economist told Nina: Central Bank transfers will last five months to resolve the financial crisis.

[RJG]

An economist told Nina: Central Bank transfers will last five months to resolve the financial crisis.

Monday, May 11, 2026 10:57 | EconomyNumber of views: 391

 

Baghdad / NINA / Economic expert Safwan Qusay confirmed: “The Ministry of Finance can fulfill the payment of operational dues in coordination with the Central Bank, by issuing and debiting transfers,” while he pointed out: “These transfers are valid until the end of October, and after that the government may resort to evaluating the Iraqi dinar.”

Qusay told the Iraqi National News Agency ( NINA 😞 "Despite the decline in Iraq's oil revenues to below one billion dollars per month in March and April, the Ministry of Finance can still meet its operational expenses by coordinating with the Central Bank through issuing and debiting transfers."

He pointed out that "the Central Bank has financial flexibility of 20 to 30 billion dollars, which it can use to meet the Ministry of Finance's obligations until the Ministry of Oil succeeds in expanding exports through other outlets, particularly (Banias, Aqaba, and Ceyhan), whether via the Kirkuk-Ceyhan pipeline or the national pipeline using tankers, and expanding tanker transport to reduce the Ministry of Finance's reliance on the Central Bank's reserves."

The economic expert emphasized that "this can help the Ministry of Finance until the end of October. After that, we may witness government instability and the Central Bank resorting to revaluing the Iraqi dinar, thus losing control over financial and economic stability." [End of report]   https://ninanews.com/Website/News/Details?Key=1294119

[screwball]

1 hour ago, RJG said:

These transfers are valid until the end of October, and after that the government may resort to evaluating the Iraqi dinar.

hmmm......

[JonnyV]

Hmmm…is right but I always feel they are kicking that RV can down the road.  Waited 20 years, what’s another few months.  

[screwball]

7 hours ago, JonnyV said:

Hmmm…is right but I always feel they are kicking that RV can down the road.  Waited 20 years, what’s another few months.  

thats what i keep saying but then realise no matter what happens I am for the long term with the isx..so months or years - whatever!  still frustrated along with the rest of you all!

Edited May 12 by screwball

[southbeach]

1 hour ago, screwball said:

thats what i keep saying but then realise no matter what happens I am for the long term with the isx..so months or years - whatever!  still frustrated along with the rest of you all!

Aww 💯🇺🇸💪😇