Iraqi Dinar May 2025 Update Official rate: 1,320 IQD/USD Digital Dinar rollout accelerating
Reval rumors flying — $_______ IQD?
(No official confirmation)
CBI focused on stability & modernisation — but the RV crowd’s still watching...
FRAN26: "BECAUSE THE ARAB COUNTRIES KNOW IRAQ'S POTENTIAL... IS NOT 1310"......F26
Iraq is on the rise economically and trade with Arab countries is growing.
5/13/2025
The Ministry of Trade confirmed on Tuesday that Iraq represents a major economic player in the region, witnessing a significant increase in the volume of trade with Arab countries and working to strengthen its regional and international economic role.
“The volume of trade exchange between Iraq and 11 countries amounted to about $65 billion in the first half of 2024, an increase of 10% compared to the same period in 2023,” said Mohammed Hanoun, the ministry’s official spokesman, in a statement received by {Euphrates News}. “The volume of trade exchange between Iraq and Saudi Arabia reached $1.3 billion in 2024, reflecting a significant increase compared to previous years. With the Hashemite Kingdom of Jordan, the volume of trade exchange between Iraq and Jordan exceeded $1 billion annually, after increasing by 45.6% compared to the previous year. With the United Arab Emirates in 2023, the UAE exported goods worth $22 billion to Iraq.”
Regarding Iraq's economic role, Hanoun explained, "Iraq's economic role in the region and the world has begun to grow and expand, ranking 51st globally and fourth in the Arab world on the list of the world's largest economies for 2025, according to a report issued by the American magazine "CEOWorld." Hanoun emphasized that the $17 billion "Development Road" project aims to make Iraq a regional transportation hub by linking its southern hinterland to the Turkish border in the north, thus strengthening its role as an economic hub in the region. He emphasized that Iraq's move is to strengthen its economic standing by developing trade relations with Arab countries, reviewing all previous agreements, and implementing strategic projects aimed at diversifying its economy and reducing its dependence on oil.
He added, "Iraq's commitment to hosting the Arab Summit reflects its commitment to leading Arab efforts toward economic and development integration, having called for the establishment of an Arab economic bloc that would invest in the human and geographic resources of Arab countries, with the goal of achieving effective economic integration, creating job opportunities, and achieving social justice."
The official spokesperson for the Ministry of Trade confirmed that "Iraq seeks, through hosting the Arab Summit, to focus on food security and sustainable development, develop an Arab food security strategy, and support initiatives related to artificial intelligence, energy, water, and education, with the goal of achieving sustainable development in the region."
Iraq had proposed in previous meetings the establishment of an Arab Council comprising trade ministers under the umbrella of the League of Arab States, to enhance coordination and integration in trade policies among member states.
Agriculture and residential fields - that all take really big money to build that. That's comes back to the budget.
They're not going to be able to build industrial refineries and stuff like that at 1310.
They've never done it before why are they going to do it today?
They're not. It'd be just like suicide. Think about it, if you have a real effective exchange rate and the dinar is much stronger than the dollar it becomes far cheaper to build this out.
FRANK26: "THE RIGHT STEPS IN THE RIGHT DIRECTION"......F26
Media: Khamenei approves a "partial freeze" on uranium enrichment
5/13/2025
Sources revealed that Iranian Supreme Leader Ali Khamenei has given the green light to the Iranian negotiating delegation with the United States to agree to a partial freeze on uranium enrichment, if the negotiations so require.
This information, reported by Sky News, came after a fourth round of talks between Iran and the United States regarding the nuclear program .
Iranian Foreign Minister Abbas Araqchi stated on Sunday that his country would not give up its right to enrich uranium .
He stated that "enrichment capacity is one of the prides and achievements of the Iranian nation, and it is non-negotiable ."
Washington and Tehran held a fourth round of talks in Oman on Sunday, aiming to reach an agreement on Iran's nuclear activities in exchange for the lifting of economic sanctions .
US Special Envoy for the Middle East Steve Witkoff previously hinted at US flexibility regarding Iran's continued enrichment of uranium to levels intended exclusively for peaceful civilian uses .
But Witkoff stressed, in a media interview on Friday, that uranium enrichment is a "red line" for the United States .
Western countries, including the United States, have long accused Iran of seeking to develop nuclear weapons, a claim denied by Tehran, which asserts its right to nuclear technology and that its program is exclusively peaceful .
Asked Wednesday whether Iran would retain the ability to enrich uranium for peaceful purposes, Trump said the issue remains open.
FRANK26: "I BET YOU THEY'RE GOING TO TALK ABOUT IRAQ'S NEW MONETARY REFORM"....F26
Aboul Gheit: The Arab Summit in Baghdad will address priority economic issues for the region.
5/13/2025
The Economic and Social Council's ministerial-level meeting kicked off in the Iraqi capital, Baghdad, on Tuesday, as part of preparations for the fifth session of the Arab Economic and Social Development Summit.
The meeting opened with a speech delivered by the Minister of Economy and Trade of the Lebanese Republic, Amer Bisat, President of the previous session of the Council, in which he announced the handover of the presidency of the current session to the Republic of Iraq, which will chair it for a period of four years.
He commended Iraq's role in supporting Arab causes, particularly its support for Lebanon during the most difficult circumstances, expressing his confidence in Iraq's ability to lead this session with competence and ability.
For his part, the Minister of Trade of the Republic of Iraq, Atheer Dawood Salman, assumed the presidency of the current session, welcoming the participating Arab delegations to Baghdad in his speech.
In turn, the Secretary-General of the League of Arab States, Ahmed Aboul Gheit, congratulated Iraq on assuming the presidency of the current session, wishing it success in leading its work.
In his speech, he pointed to the rapid developments witnessed by the Arab economy, stressing the importance of reaching a unified Arab vision that enhances regional cooperation and supports market stability.
Aboul Gheit explained that Arab countries are capable of achieving a better economic reality if they adopt an approach of partnership and integration.
The Secretary-General also pointed to the positive transformations taking place in Iraq, stressing that the summit agenda will address economic and development issues of priority to the region.