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

 

Iraq’s national bonds: Addressing deficits, boosting markets, 20. FEB

 Iraq’s national bonds: Addressing deficits, boosting markets

Shafaq News/ Iraq has launched a new government bond issuance aimed at addressing cash shortfalls, a financial expert revealed on Wednesday.

Mahmoud Dagher, former director of the Central Bank of Iraq (CBI), told Shafaq News that bonds serve as a debt instrument for the government and can be used to cover temporary deficits. “They also play a key role in developing financial markets by providing investment opportunities,” he added.

“Issuing bonds is not necessarily tied to a financial deficit; they can stimulate the country’s financial market by offering financial instruments,” Dagher noted.

On February 5, the Federal Ministry of Finance announced the launch of the first issuance of national bonds for public subscription, valued at 2 trillion Iraqi dinars ($1.53 billion), The subscription period runs from February 10 to March 10, 2025.

The latest issuance follows a similar bond offer last year, branded “Injaz,” which included a 500,000-dinar note with a two-year maturity and a 6.5% annual interest rate, and a 1 million-dinar bond with a four-year term offering 8.5%. Interest payments on both are made semi-annually.

FIREFLY: CBI...did deny any sanctions by the US Treasury on any Iraqi Banks or cards!!, 20 FEB

 Frank26   

[Iraq boots-on-the-ground report]   

FIREFLY: CBI...did deny any sanctions by the US Treasury on any Iraqi Banks or cards, saying we don't have no sanctions on any banking.  This is false news.   Iraqi citizens know who's doing this [reporting false news]. 

 FRANK:  I figured that was what was going on.  All these rumors just didn't make any sense.  All these lies are obviously to stop what's about to happen because at the end of anything, the enemy uses desperate tactics in order to defeat goodness...IMO we will see lies and rumors everyday...just to...delay what Sudani is about to give to the citizens.  They want to prevent Sudani's monetary reform.

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