Saturday, March 8, 2025
INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR, 8 MARCH
INFLATION’S FREEFALL: IRAQ HITS 2.8%, ECONOMIC HOPES SOAR
Iraq’s annual inflation rate has dropped to 2.8% in the fourth quarter of 2024, down from 4% a year earlier, the central bank (CBI) announced on Wednesday.
In an official statement, CBI confirmed that core inflation, which excludes volatile food and energy prices, had also declined to 2.5% from 4.5% in the same period of 2023.
“Both headline and core inflation remain within acceptable levels, reflecting price stability and the effectiveness of Iraq’s monetary policy,” the statement read.
The latest figures point to a slower rise in consumer prices, strengthening purchasing power and reinforcing economic stability.
Notably, Iraq has experienced inflation swings in recent years. The annual rate stood at 5% in 2022 before climbing to 6.6% in 2023, driven by currency fluctuations and the impact of the Russia-Ukraine war.
Projections for the coming years remain mixed. An International Monetary Fund report in October 2024 forecast a slight increase to 3.5% in 2025, before easing to 3% by 2029.
EXCERPTS FROM MARKZ, 8 MARCH
EXCERPTS FROM MARKZ
Member: MARK Z, you said a couple days ago that you knew people with MONEY. Are those BOND HOLDERS or aggregators?
MZ: They are not aggregators
Member: Maybe the banker that set up a bond person to exchange currency tomorrow was just making an educated guess on timing?
MZ: Bond contacts have a number of appointments between now and the 17th. Things seem to be moving forward very “pleasantly” on the bond front.
MZ: As far as I can tell I think group #3 is ready to process. So it seems like we have real, measurable movement right now.
EXPERT: STOPPING THE CURRENCY AUCTION AT THE CENTRAL BANK OF IRAQ IS BEHIND THE RETURN OF THE DOLLAR’S RISE with comments of MNT GOQT, 8 MARCH
EXPERT: STOPPING THE CURRENCY AUCTION AT THE CENTRAL BANK OF IRAQ IS BEHIND THE RETURN OF THE DOLLAR’S RISE
(Although this article just came out in the news, it is old news and we know the dollar is NOT rising in Iraq. In fact it is declining and as time passes more and more rapidly. But remember there might be some spikes some days but we must look at the overall average over time since CBI strategies were implemented.)
Economic expert Mohammed Al-Hasani suggested on Tuesday that the Central Bank of Iraq’s suspension of holding a hard currency auction is behind the return of the dollar’s price hike in local markets.
Al-Hasani told Shafaq News Agency, “The bank did not publish the currency auction on its website during the past two days, which led to an increase in demand for the dollar in local markets.”
He added that “the increase in demand with the decrease in supply led in turn to the return of the dollar’s rise,” adding at the same time that “this is not without speculation by currency traders.”
The dollar price rose again against the dinar in local markets to reach more than 149 thousand dinars for every 100 dollars, after it had fallen during the past few days to 146 thousand dinars for every 100 dollars.
GOLD WILL BACK THE DINAR , 8 MARCH
GOLD WILL BACK THE DINAR ๐ฐ
(and all other currencies)
๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️๐ฎ๐ถ⚜️
1. GOLD is being REVALUED now
2. IMPLEMENTATION of the GOLD STANDARD
3. RV of all CURRENCIES
๐ฅThe implementation of the GOLD STANDARD comes first, then the RV of all currencies based on the new value of gold.
๐ฅAnd things are getting ready to put gold on the BLOCKCHAIN. All this is the reason for the announcement that President Trump and Elon Musk are going to FORT KNOX.
๐ฅThis is a well orchestrated event, with GOLD leading the way to set us free and for our paper currencies to revalue as well.
๐ฅThe audit and RV of gold is a very important step.
๐ฅIn order for our paper currencies to be revalued it is necessary for gold to be revalued first.
๐ฅAnd it is actually already in the process as we speak. The value of gold is increasing on a weekly basis. The demand for gold globally is far outpacing the amount of bouillon gold.
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