Iraq's Financial Outlook in 2025: A Comprehensive Update BY DINAR REVALUATION, 13 AUGUST

Iraq's Financial Outlook in 2025: A Comprehensive Update

Iraq, a country with a rich history and diverse culture, has been through significant economic challenges in recent years. However, as we look towards the year 2025, there are promising signs of improvement in Iraq's financial outlook. In this blog post, we will delve into the key factors shaping Iraq's economy and the opportunities that lie ahead.

Economic Reforms and Stability

In the wake of political unrest and the impact of the global pandemic, Iraq has been working towards implementing economic reforms to stabilize its financial situation. The government has focused on diversifying the economy, reducing dependence on oil revenues, and improving transparency in financial management. These efforts have started to yield results, with a more stable economic environment projected for 2025.

Growth in Non-Oil Sectors

While Iraq has traditionally relied heavily on oil exports for revenue, there has been a shift towards developing non-oil sectors such as agriculture, manufacturing, and tourism. This diversification is expected to boost economic growth and create new job opportunities for the Iraqi population. By 2025, we can expect to see a more balanced economy with a reduced reliance on oil revenues.

Infrastructure Development

Iraq's infrastructure has suffered from years of conflict and underinvestment, but there are ambitious plans in place to improve roads, bridges, and utilities across the country. Infrastructure projects are key to driving economic growth and attracting foreign investment. By 2025, we can anticipate significant progress in rebuilding Iraq's infrastructure, paving the way for a more prosperous future.

Foreign Investment and Trade Opportunities

Iraq's strategic location in the Middle East makes it an attractive destination for foreign investors looking to tap into the region's potential. The government has been actively promoting investment opportunities in various sectors, including energy, construction, and technology. With improved stability and a more business-friendly.

BY

DINAR REVALUATION

RV UPDATE BY CLARE, 13 AUGUST

  Clare  

Article: "Is “floating the currency” a solution to the crisis of the high dollar in Iraq? A representative explains"

  Quote: "There are calls to float the exchange rate in Iraq...Floating the currency is a procedure based on liberalizing the exchange rate, leaving it to market factors (supply and demand), to determine its value without any form of intervention by the economic authority...There are two types of floating: the first is absolute floating, and the second type is managed floating, i.e. the type in which the central bank intervenes to direct the exchange rate up or down, as it sees fit to achieve the interests of the national economy."

Clare  

 Article: "US Treasury places Khamis Al-Khanjar on sanctions list"  

Quote:  "The US Treasury Department, through the Office of Foreign Assets Control (OFAC), has placed the head of the Sovereignty Party, Khamis Al-Khanjar, on the sanctions list of known individuals and entities with whom dealings are prohibited."

 Article:  "Central Bank Governor Participates in a Workshop Specialized in Electronic Payment"   Quote: "His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, participated in a specialized workshop on accelerating the transition to electronic payment, sponsored by the Prime Minister, and organized by the Osool Foundation for Economic Development and Sustainable Development."

RECENT REPORTS OF CLARE: 

"RV UPDATE" BY CLARE, 9 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-clare-9-august.html 

LATEST FROM CLARE, 6 AUGUST

https://dinarevaluation.blogspot.com/2024/08/latest-from-clare-6-august.html 

RV UPDATE BY CLARE, 4 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-clare-4-august.html

Iraqi Dinar: Banking Sector Overhaul: A New Era of Transparency and Mode...

Revolutionizing Iraq's Economy: A Deep Dive into the Economic Reforms of 2024 BY DINAR REVALUATION, 13 AUGUST

Revolutionizing Iraq's Economy: A Deep Dive into the Economic Reforms of 2024

In a bid to propel Iraq's economy to new heights and foster sustainable growth, the government has introduced a series of groundbreaking economic reforms in 2024. These reforms are poised to bring about significant changes in various sectors, attract foreign investments, and create a conducive environment for business development. Let's delve deeper into the key components of these transformative reforms and their potential impact on Iraq's economic landscape.

1. Diversification of the Economy

One of the focal points of the 2024 economic reforms in Iraq is the diversification of the economy. By reducing the country's dependence on oil revenues and expanding into non-oil sectors such as agriculture, manufacturing, and tourism, Iraq aims to build a more resilient and sustainable economy. This diversification strategy is crucial for mitigating the impact of fluctuating oil prices and creating new avenues for growth.

2. Investment Incentives and Business-friendly Policies

To attract foreign investments and stimulate domestic entrepreneurship, the government has introduced a range of investment incentives and business-friendly policies. These include tax breaks, streamlined regulations, and improved access to financing for small and medium enterprises. By creating a more conducive environment for business development, Iraq hopes to spur economic growth and job creation.

3. Infrastructure Development

Infrastructure development is a key pillar of the economic reforms in Iraq. The government is committed to investing in modernizing and expanding the country's transportation networks, energy infrastructure, and digital connectivity. These investments will not only improve the quality of life for citizens but also enhance the country's competitiveness on the global stage.

4. Sustainable Development Goals

Aligned with the United Nations' Sustainable Development Goals, Iraq's economic reforms in 2024 emphasize the importance of environmental sustainability and social inclusivity. By integrating sustainable practices into economic policies and promoting social welfare

BY

DINAR REVALUATION

LATEST FROM MNT GOAT, 13 AUGUST

 Mnt Goat  

..we read yet more articles on the banking reforms now in motion, just as I was told would take place... Yes, measures are being put in place just as my [CBI] contact told me would happen and the situation with the banks is going to be resolved, and soon.

WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions. This as I am told is from the pressure of the Feds and the US Treasury. ...As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels. 

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Mnt Goat 

 WOW! August news from Iraq is explosive. We now see many changes to the banking system and currency auctions.  This as I am told is from the pressure of the Feds and the US Treasury. ...As far as timeframes, my [CBI] contact told me to watch the progress of the banking reforms that the Feds are pushing. This includes the parallel market rate vs the CBI official rate and the currency auction levels.

Mnt Goat 

  My CBI contact said...that the GOI has not yet accepted his [Ali Al-Alaq] resignation and so it is not final...The news media ran off half cocked with the story... She said let’s wait and see what happens to Mr. Alaq. 

 If he stays, he has to agree to work with the Feds and the US Treasury and work out a satisfactory plan, then take it back the Finance Committee and explain it. He is scheduled for a trip to the US for this purpose very soon...

  She [CBI contact] thinks he will remain as the proxy director for a period more...  I believe he does...have   the best interest of the country in mind with his policies. He has talked about reviving the Iraqi dinar to 1980’s levels. This is what we all want as investors...Let’s see what happens

Article:  "PARLIAMENT RETURNS THE OIL AND GAS LAW TO THE GOVERNMENT: IT MUST ADD
PARAGRAPHS THAT KEEP PACE WITH GLOBAL DEVELOPMENTS"

 Quote:  "the government must work on amending and adding new paragraphs to the
law..."   WOW! This is excellent news. This article shows us the Oil and Gas Law is actually farther ahead than the news has been telling us. It actually did reach parliament and the readings were conducted so far...for read more: 

https://dinarevaluation.blogspot.com/2024/08/latest-from-mnt-goat-10-august.html

Iraqi Dinar🎉 Shocking Announcement About Iraqi Dinar Rate Change Today 2...

"INSURANCES... ARE IMPORTANT IN THE MONETARY REFORM". BY FRANK26, 13 AUGUST

 KTFA

FRANK26: "INSURANCES... ARE IMPORTANT IN THE MONETARY REFORM".........F26

Borrower Insurance

 

August 12, 2024

We refer all licensed small, medium and micro-enterprise financing companies to what was stated in the letter of the Ministry of Finance/Insurance Bureau No. (2129) dated 7/10/2024, which includes, in the event that you wish to insure your borrowers  ...

For more, click here
.

https://cbi.iq/news/view/2636