DINAR REVALUATION

Sunday, July 13, 2025

Mnt Goat: CBI’s Mission — Shrink the Parallel Market Before the RV #iqd #iraqidinar

IMF Sounds Alarm Bell Over 'Economic Collapse': Iraq Needs Reform, Not Slogans

IMF Sounds Alarm Bell Over 'Economic Collapse': Iraq Needs Reform, Not Slogans

Friday, July 11, 2025 | Economic Number of readings: 90 Baghdad/ NINA / The International Monetary Fund (IMF) warned of a dangerous financial path that threatens economic stability in Iraq, given its excessive reliance on oil revenues and rapid expansion in current expenditures, most notably salaries and pensions, amid a near-total stagnation in the non-oil sectors. This places the country at a critical economic and political crossroads.

In a detailed report, the IMF indicated that the growth rate of the non-oil sector in Iraq declined sharply from 13.8% in 2023 to an estimated 2.5% in 2024, indicating a gradual contraction of real economic activity outside of oil.

According to the report, the fiscal deficit is expected to reach 7.5% of GDP in 2025, before jumping to 9.2% in 2026, driven by lower revenues and higher expenditures, particularly in the salaries and pensions file, which drain most of the budget's resources, in the absence of any corresponding production. /End https://ninanews.com/Website/News/Details?key=1240196

MNT GOAT : "EXPERTS: THE NATIONAL PAYMENT CARD ENHANCES MONETARY SOVEREIGNTY

MNT GOAT

"EXPERTS: THE NATIONAL PAYMENT CARD ENHANCES

MONETARY SOVEREIGNTY.."

"the government's move has numerous benefits, most notably its contribution to absorbing liquidity

and eliminating financial hoarding, as well as strengthening the principle of monetary sovereignty." "announced that the national electronic payment card project it launched is a local option and exclusively in dinars" "Issuing the national payment card is a principle implemented in all countries around the world. It allows its holder to make payments using electronic cards within the country in Iraqi dinars, under the supervision of the monetary authority and under the principle of

monetary sovereignty, without the need to go through external oversight systems."

........Choo-Choo.........

Beyond Oil: Why Iraq Must Strengthen Its Non-Oil Revenue Strategies #iraq #iraqidinarinvestor

Iraqi ministerial committee on Erbil-Baghdad budget issues holds first meeting

Iraqi ministerial committee on Erbil-Baghdad budget issues holds first meeting

Iraq’s newly formed ministerial committee tasked with resolving outstanding disputes between Erbil and Baghdad held its first meeting on Wednesday, focusing on key financial and energy issues, including oil exports, domestic consumption, and public sector salaries in the Kurdistan Region.

The meeting, chaired by Deputy Prime Minister and Minister of Planning Mohammed Ali Tamim, brought together federal and Kurdistan Regional Government (KRG) representatives to address stalled budget transfers and oil obligations, according to a planning ministry statement.

“A review of the two papers submitted by the federal government and the [Kurdistan] Region, where both papers addressed a number of vital topics, foremost among them the oil export file and its regulatory mechanisms, the volume of local consumption of oil products, as well as the region's delivery of the federal treasury's share of non-oil revenues, in addition to discussing the localization of Kurdistan Region employees' salaries” were discussed, the statement said.

On Monday, a senior KRG delegation arrived in Baghdad to resume talks with federal officials over the prolonged financial dispute, which has led to repeated salary delays in the Kurdistan Region. The committee was established on Tuesday following the visit, per a directive by Iraqi Prime Minister Mohammed Shia’ al-Sudani.

The planning ministry said the committee stressed “the importance of continuing technical and administrative discussions regarding these files with the aim of reaching quick, fair, and realistic solutions and treatments that guarantee the rights of Kurdistan Region employees, similar to their colleagues in the rest of the Iraqi provinces, within the framework of the state's unified financial policy.”

Tensions between Erbil and Baghdad flared in late May when Iraq’s federal finance ministry halted all budget transfers to the KRG, including payments for public employee salaries. The ministry claimed the KRG had exceeded its 12.67 percent share of the 2025 federal budget and failed to deliver its designated share of oil to SOMO.

The situation has been exacerbated by the ongoing suspension of oil exports through the Iraq-Turkey pipeline, which has remained offline since March 2023 following an international arbitration ruling.

The committee is tasked with aligning both sides’ demands and drafts to pave the way for a formal agreement. link

CLARE: "A Rising Iraq: Rich in Talent, Ready for Global Impact"

Clare

Article: "Al-Hassan from Karbala: Iraq is not a poor country and is open to foreign investment."

Quote: "Iraq is not a poor country, but rather a country of goodness, with trained, educated and cultured human resources, not only at home but also abroad.

Iraq has scientists of both genders, even at NASA, and they are distinguished.

He added that Iraq has distanced itself from the surrounding political problems, and in light of that, we only expect to see a strong Iraq with a regional and global standing."