💳 Iraq's Financial Game Plan: Can Budget Reforms & Digital Payments Prevent a Crisis? 🛑💰
Iraq is facing serious economic pressure — but key reforms might be the lifeline the country needs. Here's the highlight from the latest developments 👇
📊 BUDGET REFORMS UNDER THE MICROSCOPE
In the next two months, Iraq's Parliament is set to receive critical budget tables. Economic expert Salah Nouri warns that their success depends on:
✅ Tight austerity-focused spending
✅ Resolving oil revenue transfer issues with the U.S. Federal Reserve
✅ Maintaining a $70/barrel oil price in the budget
💡 If done right, these measures could shield Iraq from financial disaster and restore economic balance.
💳 DIGITAL PAYMENTS SURGE – A NEW ERA FOR IRAQ'S ECONOMY
Tishwash reports big progress in Iraq's financial tech infrastructure:
🔹 18+ million electronic payment cards issued
🔹 60,000 payment points now active (up from 7,000!)
🔹 Driven by government mandates to adopt digital payments across all sectors
🏦 Banks are also actively financing projects of all sizes, boosting economic activity and encouraging investment.
🧠 Why It Matters:
These aren’t just random statistics. Iraq is digitizing its economy, enforcing fiscal discipline, and unlocking new financial tools. Together, these changes could stabilize the dinar and position Iraq for long-term growth.
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🧩 Budget discipline + Digital innovation = Iraq’s economic comeback?
The pieces are on the table — let’s see how it plays out.