AJ
Breaking! A MUST READ
If you are a Dinar Investor.
Iraqi economic & banking expert Samir Al-Nusairi new book Is out now, Iraq’s economic future!
BTW Chapter 5 he addresses the relationship between the official CBI rate and parallel dollar exchange rates!
Chapter 1: Foundations of Monetary Stability
In the first chapter, he was able to conduct a precise and comprehensive analysis of the opportunities, challenges, and steps taken by the Central Bank of Iraq to pursue monetary stability, while reviewing the foundations of monetary policy for the years (2023-2024), so that he (CBI) can complete the banking reform process in 2025 in the new book.
This chapter dives into the Central Bank of Iraq’s efforts to achieve monetary stability during 2023-2024, setting the stage for 2025 to complete the banking reform process.
Chapter 2: Digital Transformation & Electronic Payments
The second chapter comprehensively covered electronic payments, linking digital transformation with the development of electronic payment programs, along with activation projects. It intelligently explored the relationship between current and future payment system development projects, and provided an assessment of the relationship between this effort and information assessment, cybersecurity, and artificial intelligence.
This chapter explores Iraq’s transition from a cash-based to a digital economy, emphasizing electronic payment systems. Moving to a digital economy is a game-changer for Iraq, improving efficiency and transparency in banking.
Chapter 3: CBI’s Third Strategy
In the third chapter, he focused his efforts on the Central Bank of Iraq's third strategy, defining the strategy's objectives and reform methodology, and addressing key issues such as regulating foreign trade financing, lending strategy, foreign reserve management and hedging policies, improving investment, and sources of monetary policy. In this chapter, Al-Nusairi was able to link the many banking areas and activities addressed by the reform plan.
This chapter explans how these strategies interlink to create a robust banking reform plan. BTW I have posted in the past the CBI Third Strategy 2024-2026
Chapter 4: Government & Global Support
Chapter Four discusses how government support for the banking reform project can be provided, as well as the International Monetary Fund's support for the reform plan, with a focus on international economic relations and the government and Central Bank of Iraq's vision for the comprehensive banking reform process.
Key points, Collaboration between local and global entities to drive Iraq’s banking transformation.
Why? External support is crucial for Iraq’s reforms to succeed, ensuring alignment with global standards.
Chapter 5: Exchange Rates & Financial Confidence
In the fifth chapter, he addresses the causes of exchange rate fluctuations and recovery measures, emphasizing the relationship between the exchange rate, the financial and banking reform process, the relationship between the official and parallel dollar exchange rates, government decisions, and strategies for enhancing confidence in the banking sector.
This chapter focus on how exchange rate stability ties into broader financial and banking reforms. The gap between official and parallel dollar exchange rates.(BTW the CBI plans to end the parallel market in the 2nd half of 2025)
Why? A stable exchange rate builds public confidence and supports Iraq’s economic growth.
This New Book 2023-2025 by Iraqi economic & banking expert Samir Al-Nusairi is out now, published by Balit Center in Baghdad! Deposited at the National Library, this is his 13th book in a 20-year career in banking and consulting
Al-Nusairi, with 30+ years in economic institutions and 700+ published articles, offers a precise, scientific look at Iraq’s monetary and financial stability. Praised by CBI Governor Dr. Ali Mohsen Al-Alaq and Professor Dr. Khalil Muhammad Hassan Al-Shamaa, this book is a must-read for anyone interested in Iraq’s economic future!