DINAR REVALUATION

Thursday, February 20, 2025

MZ: When the bond holders get their money …we are very close!! @DINARREVALUATION #iraqidinarinvestor

Iraqi PM pushes for economic shift with hypermarket expansion, 20 FEB

Iraqi PM pushes for economic shift with hypermarket expansion

Shafaq News/ On Wednesday, Iraqi Prime Minister Mohammed Shia Al-Sudani announced plans to expand state-backed hypermarkets and boost local production to reduce Iraq’s reliance on imports.

Al-Sudani made the remarks while inaugurating the "Taawon Hypermarket" in Al-Bayaa, Baghdad, a retail center offering food, household goods, and essential products at subsidized prices. Through a teleconference, he also launched five additional hypermarkets in Al-Hurriya, Al-Salihiya, Al-Shaab, Palestine Street, and Jamila.

In his speech, the prime minister emphasized that reducing import dependency is a national priority, stating that Iraq imports $70 billion worth of goods annually—an unsustainable figure that demands urgent review. He explained that the Ministry of Trade plays a "key role" in paving the way for the private sector to reduce this drain on foreign reserves.

He reaffirmed the ministry’s broader role, which goes beyond trade facilitation and that it must actively support domestic industry to meet market demand, adding that when it comes to food security, the state must be "fully engaged."

Al-Sudani noted, "We have controlled food prices in cooperation with the private sector, despite the impact of foreign currency exchange rates," stressing that his government has partnered with private investors to establish retail outlets that supply essential goods at controlled prices, ensuring affordability for Iraqi consumers.

He described the "Taawon Hypermarket" initiative as an expanded and modernized version of the former state-run central markets, tailored to Iraq’s evolving economic landscape, and set a goal ensuring that at least 60 percent of products sold in these hypermarkets are "locally produced or manufactured in Iraq."

Calling on Iraqi businesses to take advantage of what he described as "unprecedented government support," Al-Sudani outlined key incentives aimed at strengthening the private sector, highlighting sovereign guarantees for industrial investments, expanded financing through the Iraq Development Fund, tax and loan reforms to facilitate economic growth, and improvements in the banking sector to ease business transactions.

He stressed that there is no alternative to supporting the private sector and empowering it in every possible way, reiterating that Iraq’s economic future depends on a thriving domesti c industry.

TIDBIT FROM SANDY INGRAM, 20 FEB

Sandy Ingram

To understand how the Iraqi dinar can increase in value from $0.00076...to $0.10 cents we must analyze the steps involved in such a progression.

This type of increase typically follows an exponential growth pattern particularly in speculative or emerging currency markets...The starting exchange rate in early 2025 is .00076. If the IQD reaches $0.10 this represents...

a remarkable 13,158% increase. Several economic and market conditions contribute to currency value appreciation -

FIREFLY: the Iraqi dinar will regain its strength!! @DINARREVALUATION #iraqidinarinvestor

FRANK26: "A CASHLESS SOCIETY STARVES CURRENCY THIEVES.", 20 FEB

KTFA

FRANK26: "A CASHLESS SOCIETY STARVES CURRENCY THIEVES.".......F26

Al-Sudani inaugurates the Digital Transformation Center: It will reduce financial costs and fight corruption

2/17/2025

Prime Minister Mohammed Shia Al-Sudani inaugurated the Digital Transformation and Automation Center on Monday, while stressing that the contact between the citizen and the employee is a source of procrastination, and digital transformation will overcome the most important obstacles, in addition to reducing financial costs and fighting corruption.

Al-Sudani's media office said in a statement received by Shafaq News Agency that the latter "opened the Digital Transformation and Automation Center at the headquarters of the Ministry of Higher Education and Scientific Research, and toured the center, and reviewed the new mechanism for adopting automation and ending paperwork, in implementation of the government's vision in implementing administrative reform, simplifying procedures, and eliminating bureaucracy and routine."

He added that " the Supreme Committee for Digital Transformation was formed under the chairmanship of the Prime Minister and the membership of the relevant ministers, so that the transformation would be an effective decision and not limited to separate steps. It was also decided, based on a study submitted by a technical committee, to establish a (National Center for Digital Transformation) and a (National Center for Cybersecurity). "

Al-Sudani stressed, according to the statement, that “ all transactions, starting from the application procedures for students, up to acceptance, and the transactions of employees and citizens, are moving towards digital transformation, and this includes 2,500 employees working at the ministry’s headquarters, which constitutes a turning point and an achievement for the ministry, indicating that converting citizens’ requests to electronic form will make the process easier in various applications.”

Al-Sudani continued : " The government program confirmed that the current government is a government of service, and it is directly linked to the digital transformation . We do not want the digital transformation to be just a media show , but the citizen must feel the changes in the service he receives."

He pointed out that " we must move within 3 years to the level of an independent body or ministry concerned with digital transformation and cybersecurity , and the plans do not prevent ministries from taking the initiative to improve their service towards digital transformation in order to improve the service provided to the citizen ," adding that " the contact between the citizen and the employee is a source of procrastination, and digital transformation will overcome the most important obstacles, and digital transformation provides direct service , reduces costs, and fights corruption ."

He added, " The more we are able to improve this service and facilitate it for the citizen, the more we will have achieved the slogan of service and follow-up of work, and we will join the world in the field of artificial intelligence and qualitative leaps, and all efforts must be made in the field of electronic transformation and keeping pace with global scientific development ."

He pointed out that " young students have the capabilities and willingness to make efforts in the field of development , digital transformation and the use of artificial intelligence , and we must choose the qualitative specializations required in the labor market that prepare human capital for the digital transformation process ."

LINK

TIDBIT FROM MARKZ, 20 FEB

MarkZ

[via PDK]

A good one from Iraq. “Parliamentary praise for the strategy to support national industry”

this one talks about everything Sudani is doing.

He is convinced they have one shot to fix things and give a new value to the currency of the people in Iraq. They are creating a “juggernaut” of a good economy in Iraq.