ARIEL: Iraq's Currency Revaluation: A Merry Christmas Surprise! @DINARREVALUATION #iraqidinar

 

Parliamentary Finance decides: The exchange rate of the country will not change, 26 DEC

Parliamentary Finance decides: The exchange rate of the country will not change

Economy News – Baghdad

The Parliamentary Finance Committee revealed the number of employees, retirees and beneficiaries of social welfare, stressing that their salaries are fully secured for the next year, with no intention to change the dollar exchange rate.

The member of the committee, Moeen Al-Kazimi, stressed “the need to increase non-oil revenues to alleviate the burden on the general budget.”

Al-Kazimi stressed that “the government is working to enhance revenues from non-oil sources such as taxes, customs, the Information and Communications Authority, and winning companies in state departments, in addition to the collection of water, electricity and other services.”

He pointed out that “non-oil revenues can reach 30 trillion dinars in 2025, in addition to 120 trillion dinars of oil revenues, which makes the total revenues sufficient to secure the salaries of employees of 4.2 million employees, and the salaries of retirees, who number up to 3.5 million retirees,” pointing out that “allocations for these salaries amounted to 65 trillion dinars during 2024, and it is expected not to witness a significant increase during the next year.”

Al-Kazimi also explained that “the beneficiaries of social welfare will reach 5 million beneficiaries,” stressing “the importance of following a rational fiscal policy to increase non-oil revenues and ensure financial stability, while keeping the dollar exchange rate unchanged.”

 

MAJEED LAST POST, 26 DEC

 MAJEED

Yesterday they said they will pay the salary either Thursday or Saturday Middle Eastern time Saturday morning in the Middle East Forex would be closed so they wouldn’t pay them on the new rate That means they should do it today at 5 PM EST marking it as the beginning of Sydney’s Thursday trading session remember, they said yesterday: “ the amount of salary will be sent for Kurdistan is undetermined” Which means it’s based on the new rate that’s why they don’t want to tell you how much they would send because you would know the rate

FIREFLY: SUDANI PROMISES TO ITS CITIZENS GIVE THEM PURCHASING POWER!! @DINARREVALUATION

 

Expert diagnoses two reasons behind the rise of the dollar against the dinar in Iraq, 26 DEC

 Expert diagnoses two reasons behind the rise of the dollar against the dinar in Iraq

The economic and financial expert, Abdul Rahman Al-Mashhadani, attributed, on Wednesday, the reasons for the rise of the dollar against the Iraqi dinar to the rumor of the holidays and New Year's Day.

Al-Mashhadani said in an interview with Shafaq News Agency, "The promotion of stopping the platform is a major reason for the rise in the price of the dollar," indicating that "this rumor that spread showed that foreign transfers will stop."

He explained that "this rumor is false, as 97% of the transfers made through the window were transferred to banks that have correspondent banks in a way that enhances the balances. Also, the Christmas holiday is another reason for the demand for the dollar, as there is a lot of travel during these days."

Al-Mashhadani expected that "the situation will stabilize and the dollar will return to its normal status after the holiday."

The price of the dollar rose gradually in local markets, where it recorded 152,300 dinars for every 100 dollars in the Al-Kifah and Al-Harithiya stock exchanges, and 152,200 dinars for every 100 dollars in Erbil, the capital of the Kurdistan Region.  link

TIDBIT FROM MILITIAMAN, 26 DEC

  Militia Man 

 Article quote: "Iraq has gotten rid of the burden of foreign debts for the first time which had shackled it economically ...

What remains of its debts to international parties constitutes less than $9 billion that will be paid between now and the year 2028."  ; Iraq's going to have a lot of money.  

If you're going to be a creditor, people are going to be coming to you for money and Iraq is going to have a lot of it.  To be fair, I think a lot of us are going to have a few dollar too because of it.

GINGER: "AN IRAQI CITIZEN HAS REDEEMED HIS CURRENCY AT THE NEW INTERNATIONAL