" THE IRAQ'S INFLATION RATE HAS DECREASED TO 4% IN 2024" BY NADER FROM MID EAST, 6 SEPT

 Summary

Iraq’s inflation rate has decreased to 4% in 2024, showing economic improvement after fluctuations, aided by government stabilization efforts.

Highlights

• 📉 Inflation rate drops to 4% in 2024.
• 📊 Significant improvement from 6.42% in 2023.
• 🔄 Fluctuations observed from 2020 to 2022.
• 🏛️ Government actions support economic stability.
• 📈 Continuous monitoring by regulatory bodies essential.
• ✅ Reflects overall economic health of Iraq.
• 🌍 Reported by American Magazine Global Finance.

Key Insights

• 📉 Decreased Inflation: The decline in inflation to 4% indicates effective economic policies and reflects improved purchasing power for citizens. This stability can boost consumer confidence and spending.
• 📊 Year-on-Year Comparison: The drop from 6.42% in 2023 to 4% in 2024 is a notable shift, suggesting that previous inflationary pressures have been alleviated through strategic interventions.
• 🔄 Historical Fluctuations: The inflation rate has varied over the years, highlighting the economic challenges Iraq faced, such as political instability and external factors affecting the economy.
• 🏛️ Government Intervention: The Iraqi government’s proactive steps in regulating the economy play a pivotal role in stabilizing inflation and restoring public trust in economic management.
• 📈 Importance of Monitoring: Continuous scrutiny by regulatory bodies ensures that inflation data is accurate, helping policymakers make informed decisions to sustain economic growth.
• ✅ Economic Indicator: Inflation serves as a critical barometer for Iraq’s economic health, impacting everything from investment to daily living costs for citizens.
• 🌍 Global Recognition: The acknowledgment by publications such as Global Finance underscores the importance of Iraq’s economic developments on the international stage, potentially attracting foreign investment.

Al-Mandlawi & UAE Ambassador Discuss Future Investments

DINAR REVALUATION REPORT: Al-Mandlawi's Discussion on Bilateral Relations and Investment Opportunities with the UAE Ambassador, 6 SEPT

 Al-Mandlawi's Discussion on Bilateral Relations and Investment Opportunities with the UAE Ambassador

On September 5, 2024, Acting Speaker of Parliament Mohsen Al-Mandlawi engaged in a significant meeting with the new United Arab Emirates (UAE) Ambassador to Iraq, Abdullah Matar Al-Mazrouei. 1 The discussion centered around bilateral relations between Iraq and the UAE, with a particular focus on economic and investment opportunities. 1

Overview of the Meeting

During the meeting, Al-Mandlawi and Al-Mazrouei explored ways to strengthen the ties between Iraq and the UAE, emphasizing the importance of cooperation in economic and investment sectors. Both parties expressed interest in advancing these areas for mutual benefit. 1

Bilateral Relations

Al-Mandlawi congratulated Al-Mazrouei on his new role and expressed confidence in the depth of relations between the two countries. 1 The importance of strengthening these ties through the signing of bilateral agreements was also highlighted. 1

Economic and Investment Prospects

The meeting underscored the potential for increased economic and investment collaboration between Iraq and the UAE.  1 Both sides agreed that expanding these areas could significantly contribute to the growth and development of both countries. 1

Implications for Future Cooperation

The discussion between Al-Mandlawi and Al-Mazrouei sets the stage for enhanced economic and investment cooperation between Iraq and the UAE. This could lead to the signing of new bilateral agreements and the exploration of joint ventures in various sectors. 1

Conclusion

The meeting between Al-Mandlawi and the new UAE Ambassador to Iraq reflects a positive outlook for bilateral relations and economic collaboration. 1 As of September 5, 2024, the focus on economic and investment opportunities signals a strategic direction for future engagement between the two countries. 1

Al-Mandlawi discusses bilateral relations, economic and investment opportunities with the UAE ambassador, 6 SEPT

  Al-Mandlawi discusses bilateral relations, economic and investment opportunities with the UAE ambassador

Acting Speaker of the Council of Representatives, Mohsen Al-Mandalawi, received today, Wednesday, in his private office, the new Ambassador of the United Arab Emirates to Iraq, Abdullah Matar Al-Mazrouei, and his accompanying delegation.

During the meeting, the future of bilateral relations between the two brotherly countries were discussed, and the promising opportunities to advance them in all fields, especially at the economic and investment levels, in a way that achieves the common interests of Iraq and the Emirates, and reflects on the growth and development of the two countries and the well-being of the two dear peoples.

The Acting Speaker of the Council of Representatives congratulated Abdullah Al-Mazrouei, wishing him success in his diplomatic missions on the land of Iraq, while stressing the depth of relations that bind the two brotherly governments and peoples, and the importance of strengthening them by signing bilateral agreements in aspects that concern the two countries.  link

DINAR REVALUATION NEWS HIGHLIGHTS,6 SEPT

 Summary

Recent Dinar Guru updates discuss the CBI’s NYC visit to address DFI funds, banking reforms, and positive economic signals for Iraq.

Highlights

• 💬 FNu lu mentions CBI’s NYC trip aimed at discussing DFI funds with the Federal Reserve Bank.
• 🏦 CLARE reports a boost in confidence for the Iraqi banking system after CBI’s meetings with US Treasury.
• 📅 Mark Z predicts potential developments in the next two days regarding currency exchange.
• 🏗️ Militia Man highlights a phenomenal road development project indicating US presence in Iraq.
• 🇨🇭 Switzerland reopens its embassy in Iraq after 33 years, signaling strengthened relations.
• 💰 Mark Z receives reports of payments starting to roll out but seeks confirmation.
• ⚖️ Economic reforms are in progress, with the CBI focusing on direct banking relations.

Key Insights

• 🔍 The CBI’s NYC discussions are pivotal for Iraq’s economic reforms, especially regarding the release of DFI funds. This could enhance Iraq’s financial stability and credibility.
• 📈 Increased confidence in the Iraqi banking system may lead to improved investment opportunities and economic growth, reducing reliance on foreign banks.
• ⏳ Mark Z’s prediction of imminent developments suggests a critical period for currency exchange, underlining the importance of staying informed and patient.
• 🚧 The US’s ongoing involvement in Iraq, as indicated by the road development project, emphasizes the strategic importance of the region and may foster economic support.
• 🌍 The reopening of the Swiss Embassy highlights a rekindling of international relations, which may attract further investment and collaboration in Iraq.
• 🚦 Reports of payments rolling out signal potential positive shifts in the economy, but verification is necessary to establish trust in these developments.
• 🔗 The focus on direct banking relationships signifies a move towards a more self-reliant Iraqi banking sector, reducing vulnerability to external pressures.

Iraq's Banking Revolution: A New Era Begins!

THE IRAQI DINAR'S CURRENT STATUS BY PIMPY, 5 SEPT

THE IRAQI DINAR'S CURRENT STATUS BY PIMPY

Summary

Pimpy discusses the Iraqi Dinar’s current status, political insights, and the Central Bank of Iraq’s recent financial mechanisms.

Highlights

• 🗳️ Voter registration shows a Republican gain of 250,000 while Democrats lost 19,000.
• 📈 95% of the transfer process from the electronic platform is complete, indicating progress in banking.
• 💱 Iraq’s trade with UAE, Turkey, India, and China makes up 70% of foreign trade.
• 🔄 Central Bank emphasizes legitimacy in external transfers and anti-money laundering practices.
• 📉 Inflation in Iraq rose to 3.7% in July, slightly down from 4.4% in 2022.
• 🔍 The Central Bank’s mechanisms aim to stabilize the Iraqi Dinar’s value.
• 🏦 Iraq is transitioning to more direct banking relations with approved foreign banks.

Key Insights

• 🗳️ Political Trends: The significant shift in voter registration could indicate a growing Republican base, which may influence future elections. This trend underscores the political dynamics at play leading up to 2024.
• 📈 Banking Progress: The completion of 95% of the electronic transfer process signifies a strong move towards modernizing Iraq’s banking system, enhancing efficiency and accountability in financial transactions.
• 💱 Trade Relations: With 70% of foreign trade focused on key partners, Iraq is strategically positioning itself in the global market, which may enhance economic stability and growth prospects.
• 🔄 Legitimacy in Transfers: The Central Bank’s commitment to sound transfer practices reflects an effort to establish credibility in international finance, which is crucial for attracting foreign investment.
• 📉  Inflation Control: Iraq’s ability to maintain a relatively low inflation rate demonstrates effective economic management compared to neighboring countries, potentially fostering consumer confidence.
• 🔍 Exchange Rate Stability: The focus on stabilizing the Dinar through established mechanisms aims to mitigate speculation and ensure a fair valuation, which is vital for economic health.
• 🏦 International Banking Relations: Strengthening direct relationships with foreign banks enhances Iraq’s financial framework, paving the way for increased investment and trade opportunities.