Iraq and IMF announce new steps to strengthen national economy, 4 MARCH

 Iraq and IMF announce new steps to strengthen national economy

Wawazine News – Economy

The Iraqi Ministry of Finance announced on Sunday the results of the meetings that took place with the International Monetary Fund in the Jordanian capital Amman, where it was agreed to intensify efforts to expand cooperation with foreign correspondent banks, in a move aimed at enhancing financial stability and supporting the national economy.


A statement issued by the ministry, received by Mawazne News

The Iraqi delegation, headed by Finance Minister Taif Sami Mohammed and the Governor of the Central Bank of Iraq, concluded its meetings with the International Monetary Fund from 24 to 26 February 2025, where Iraq’s economic performance and prospects for sustainable growth were discussed, indicating that the progress achieved in various economic sectors was assessed.


The statement pointed out that the discussions focused on macroeconomic indicators, as a significant growth in non-oil GDP of 5% was recorded for 2024, supported by the expansion of the agricultural sector and increased public spending, indicating that growth was expected to continue by 3.5% in 2025, reflecting an improvement in economic diversification and reducing dependence on oil, which enhances the stability of the national economy.


The modernization of the public debt strategy was also discussed, stressing the importance of developing the banking sector to support investments and attract foreign capital, contributing to improving financial stability.

The International Monetary Fund stressed its support for Iraq in developing fiscal policies by providing consultants and experts to help the ministry manage public debt and improve the tax system.


Within the framework of promoting financial stability, it was agreed to intensify cooperation with foreign correspondent banks, which contributes to facilitating foreign trade financing and promoting the use of the Iraqi dinar in major transactions.


In conclusion, the statement stressed that the meetings confirmed the continued progress in financial and economic reforms, reflecting the commitment of the Iraqi government to achieve financial sustainability that supports development and drives investment, in light of an ongoing strategic partnership with the International Monetary Fund.

https://mawazin.net/Details.aspx?jimare=259926

“Coffee With MarkZ” Monday Morning Chat 3-3-2025, 4 MARCH

 “Coffee With MarkZ” Monday Morning Chat 3-3-2025

Mar 3

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

​​Member: Good morning tier 4b people it’s another day another dollar …I only get to keep a dime… come on baby. It’s RV time.

Member: Am I the only one that thinks we’re so close but still so far away?!? I hate to be so negative but holy cow this is never ending journey.

Member: I understand the depths of frustration, it's like our lives are standing still

Member: Someday we will look back at this loooong wait and know it was worth it. 

Member: It sure feels like news has stopped everywhere….very quiet in Dinarland over the weekend. 

Member: Have you heard any good RV news over the weekend Mark?

MZ: There is a huge amount of hype going on for tomorrow. If I am hearing this- I am sure you all are hearing it too. Big expectations going on right now on the RV side. 

Member: So if it’s plastered all over the place….guaranteed no notifications will happen. 

MZ: I don’t know. By now, whenever everybody is saying its time. We all, at this point assume it’s not happening. We are numb. Boy who cried wolf , wolf, wolf…..noone believed him…no one was listening anymore……but finally the wolf was really there. So maybe this is positive

Member: Many think Trumps State of the union address to the nation will be big tomorrow night. 

MZ: And Kurdistan oil is supposed to start tomorrow as well. The pipeline is ready. So along with the State of the union speech…it should be a big day tomorrow. We may even see a softball pitch about Nesara. 

Member: ​​Trump tweeted tomorrow will be big. He will tell it like it is. I’m super excited to see what he is going to say.

Member: Trump just announced an investment press conference at 1:30 EST today.

Member: Any bond information Mark movement on any of your bond contacts thank you

Member: Isaac said things moving very quickly 

MZ: Where do I go without getting anyone in trouble? I know so many historic bond contacts that are scheduled for final contracts on Tuesday….I did get information over the weekend that makes me difficult for me to say anything …..I should not say more than that until I get clarifcation. 

Member: Let’s hope that is very good news. 

MZ: In Iraq: “Masher Saleh : Geopolitical controls push for the shift to official channels for currency trading”     He is an economic advisor to Sudani and he is talking about how successful they are with economic reforms. Being able to track everything now has made a huge difference. They are still talking about raising the value of the dinar and giving purchasing power to every Iraqi.  . 

MZ: “Iran’s Parliament fires minister of finance over plummeting Rial and mismanagement” They are saying it’s all his fault. They forget to say they spend a ridiculous amount of their GDP on military funding and terrorist organizations…

MZ: Iraq is working closely with the Government of Switzerland for the massive amount of money that was moved in 2003. These are funds that were embezzled out of Iraq. They are trying to settle all these old crimes and corruption. They want all these funds to be returned to the government of Iraq. 

MZ: With Nesara/Gesara….They have to clean things all up …I think they are doing it right now. 

MZ: “Crypto spikes as Trump discusses strategic reserve ahead of White House Summit”  Big announcement this weekend…..They put Bitcoin and Etherium in it. What the Trump team is putting in there provides for a free standing financial system outside of SWIFT and Central Banks. If anything in there is actually gold or asset backed…we would have a complete slam dunk. They have the ability to do that quickly. XRP is also one of those. 

Member: I see xrp being = to 1 ounce of gold and xlm to 1 oz silver

Member: Didn’t President Trump say at the end of Feb. They could no longer use the US dollar in Iraq and Iraq?

MZ: They were shooting for that date. They have come close to that. The last week or so they have really clamped up on dollar flows to Iran. 

Member: Markz-  is this  the closest you've ever seen this RV happening ?

MZ: There are so many balls in the air right now…and it could all come together very quickly. But this is absolutely the closet I have ever seen us. 

Member: Everyone in my world thinks this will never happen. Can’t wait to say, “see I told ya”!!

Member: Out of 340 million people in USA only 1 million will be exchanging. See how blessed we are!

Member: when you watch the clock it seems to go into slow motion ... live life & glance at the clock occasionally ... don't worry be happy ... lol ... we're about there ...

Member: Thanks everyone. Have a great day 

Member: Hang in there- It’s always darkest before the dawn!

Mod:  NO PODCAST TONIGHT! SEE YOU ALL BACK TOMORROW AT 10:00 A EST!  FROM NOW ON NO MORE NIGHTLY PODCASTS ON MONDAYS AND FRIDAYS

GINGER: I’ve verified the most encouraging and LEGIT news for Tier 1 through Tier 4A / Bond holders

 

SOURCES: KRG delegation in Baghdad for oil export talks, 4 MARCH

 SOURCES: KRG delegation in Baghdad for oil export talks

Shafaq News/ A delegation from the Kurdistan Regional Government (KRG) arrived in Baghdad for talks on resuming oil exports via Turkiye’s Ceyhan pipeline, informed sources revealed on Sunday.

“Representatives from the KRG’s Ministry of Natural Resources are meeting with officials at the Federal Ministry of Oil to address outstanding issues, including the restart of oil exports from the Region’s fields and operational concerns of oil companies,” one source told Shafaq News.

Another source noted that the meeting, initially scheduled for Tuesday, was moved up due to recent developments but declined to provide further details.

The discussions follow an invitation from the Federal Ministry of Oil to international oil companies operating under the Association of the Petroleum Industry of Kurdistan (APIKUR) and the KRG’s Ministry of Natural Resources to attend a meeting in Baghdad on March 4, 2025.

Shafaq.com

GOLDILOCKS: ABOUT THE AGREEMENT BETWEEN CBI AND THE EMIRATES ISLAMIC BANK, 4 MARCH

GOLDILOCKS

Goldilocks - QFS Conversations ™ (Official Page), [02/27/2025, 8:45:44 a. m.]:

...si=8JmtJ6qvbMk7JZJo

"The Central Bank of Iraq announced the signing of a banking agreement with Emirates Islamic Bank. ...a mechanism that will allow individual customers of Iraqi banks in the near future to invest (partially) in Islamic bonds issued by Emirates Islamic Bank or other issuers with a similar credit rating in the United Arab Emirates. "

For retail investors to invest in bonds of another country, understanding and managing currency exchange rates is crucial, as the value of the investment in your home currency will fluctuate based on those rates. 

Here's a more detailed explanation:

Currency Risk:

When you invest in bonds denominated in a foreign currency, you are exposed to currency risk, meaning your return on investment can be affected by changes in the exchange rate between the foreign currency and your local currency. 

Exchange Rate Fluctuations:

Exchange rates constantly fluctuate, and a weaker exchange rate for the foreign currency could mean a lower return when you convert your investment back to your local currency. 

Impact on Returns:

The returns on your foreign bond investment, including both principal and interest, will be converted back to your local currency using the prevailing exchange rate at the time of conversion. 

Hedging Strategies:

To mitigate currency risk, you can consider hedging strategies, such as using forward contracts or other derivative instruments, to lock in an exchange rate at the time of investment. 

Financial Institution Role:

Financial institutions, like Raymond James, will confirm foreign currency trades in the U.S. dollar equivalent and highlight the risks associated with this type of investment. 

As a retail investor, it's important to understand the potential impact of exchange rate fluctuations on your investment returns and to consider your risk tolerance when investing in foreign bonds. 

Yes, a market exchange rate is absolutely necessary for retail investors in one country to buy bonds in another country, as it determines the conversion rate between the two currencies involved in the transaction. 

© Goldilocks

https://cbi.iq/news/view/2808

https://www.twentyfouram.com/education/fixed-income-101-comparing-yields-in-different-currencies#:~:text=Hedging%20the%20currency%20risk%20of%20a%20bond,done%20simply%20by%20using%20an%20FX%20forward.&text=Changes%20in%20monetary%20policy%20and%20exchange%20rates,when%20comparing%20relative%20value%20across%20different%20markets.

https://home.treasury.gov/data/treasury-international-capital-tic-system-home-page/help-files/frequently-asked-questions-treasury-international-capital-form-s-purchases-and-sales-of-long-term-securities-by-foreigners

MARKZ : They are positioned!, @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Iraqi dinar hits nine-month high against US dollar, 4 MARCH

 Iraqi dinar hits nine-month high against US dollar

KurdistanIraqi dinarsUS dollarsCentral Bank of Iraq

ERBIL (Kurdistan24) – The Iraqi Dinar exchange rate has reached its highest level in the past nine months, with the currency strengthening against the US Dollar in both the Iraqi and Kurdistan Region markets.

On Sunday, the US Dollar was trading at 147,750 dinars, but it has since appreciated to 145,950 dinars, signaling a positive shift in the national currency’s value.

This significant improvement is largely attributed to the effective measures implemented by the Central Bank of Iraq. The bank’s consistent efforts in maintaining a steady supply of dollars, coupled with a decrease in demand for the US currency, have played a key role in strengthening the dinar. 

Despite rumors surrounding potential sanctions on Iraqi banks, the exchange rate has remained stable, providing further confidence in the resilience of the Iraqi economy.

Kurdistan24.net