IRAQ'S MONETARY REFORM ACCORDING TO DR. SHABIBI DEMANDED SECURITY & STABILITY. DONALD TRUMP & SUDANI PREPARE THE TABLE FOR A NEW EXCHANGE RATE FOR IRAQ! ...It's time to eat.
The budget for Iraq for 2025, '26, '27...1310 is not going to do it. It's only logical. You've already seen the budget.
You saw the whole breakdown.
Were they teasing the citizens of Iraq?
...Are they showing them something that is impossible to receive?
Well it is at 1310, you agree don't you?
The whole world agrees, logic agrees, this budget is not for 1310...
What are the reasons for the increasing presence of Egyptian companies in Iraq?... Clarification from Al-Sudani's advisor
On Tuesday, the Prime Minister's economic advisor, Mazhar Mohammed Salih, commented on the reasons for the recent increase in the presence of Egyptian companies in Iraq, stressing that the reason is due to the economic reforms and stability the country is witnessing.
Saleh said, "The capital wealth of countries is measured by several indicators, including the extent of physical capital accumulation, particularly in the construction sector." He noted that "Egypt is a leading country in this field, with its construction companies achieving significant success in development projects within Egypt, which has prompted them to expand their activities regionally."
He added, "The services program adopted by the Sudanese government as part of comprehensive economic reforms has contributed to creating an attractive investment environment for foreign companies, encouraging Egyptian companies to enter the Iraqi market strongly and contribute to development and reconstruction projects."
The economic advisor explained that "the political and economic stability in Iraq has boosted the confidence of foreign and Arab investors,
including Egyptian companies, who have found promising opportunities to contribute to the implementation of major projects." He noted that "the strong historical relations between Iraq and Egypt have played a significant role in strengthening economic cooperation between the two countries."
Saleh pointed out that "the services government, headed by Al-Sudani, has placed economic facilitation and reforms at the top of its priorities, which has contributed to creating the appropriate environment for Egyptian companies to enter the Iraqi market and participate effectively in reconstruction and development projects."
On January 30, 2025, Iraqi Prime Minister Mohammed Shia Al-Sudani and his Egyptian counterpart, Mostafa Madbouly, sponsored the signing ceremony of a number of memoranda of understanding between the two countries.
The bilateral memoranda between Iraq and Egypt included 12 paragraphs, the most prominent of which were related to trade, transportation, issues related to culture and antiquities, and other details link
"IRAQ CONFRONTS ECONOMIC CRISES WITH THE "DIGITAL DINAR." THE PARALLEL MARKET IS THREATENED WITH "EXTINCTION."
Get Ready for this surprise!
"The Central Bank of Iraq is preparing to launch the digital dinar, marking the transition to digital currency management.
The digital dinar is a digital currency issued by the central bank, officially part of a country's monetary system. It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
WOW! WOW! WOW! This is coming VERY SOON not later, as we were told before. What does this mean for us investors? How will this impact our investment in the revaluation process of the Iraqi dinar?
We explore this today. Input from my CBI contact....
The 14th session of the International Conference on Debt Management, organized by the United Nations on Trade and Development (UNCTAD), held in Geneva from 17 to 19 March 2025, with the participation of Finance Minister Taif Sami, resumed.
The meetings included a number of important topics,
most notably the axis (governance, accountability and transparency in the world of financial constraints), as well as the axis (the relationship between debt and climate: innovative debt tools for managing financial risks).
The meetings also included the theme (enhancing debt transparency: reconsidering reporting and ensuring standards) in addition to the axis (strategies for managing institutional challenges in order to establish a sustainable debt management office).
Article: “Iraq confronts economic crises with the digital dinar. The parallel market is threatened with extinction.”
Quote: “The Central Bank of Iraq is preparing to launch the digital dinar…It is similar in value to the traditional dinar, but is traded electronically via digital wallets or approved financial applications.
It facilitates instant money transfers within the country or across borders, reduces the logistical burden of issuing paper or metal currency, and enables broader segments of society to access digital financial services.”
“Regarding the digital dinar’s relationship to exchange rates, Al-Sudani’s advisor explained that the official exchange rate will be the prevailing and sole rate, the digital exchange rate adopted by monetary policy.
The parallel market will disappear in its current form, as it is difficult to invent a secondary digital market whose operations operate outside the control of the digital monetary authority…He pointed out that the digital dinar will be fully backed by the central bank and have a relatively stable value, similar to paper currency.
However, it will be traded electronically only through bank accounts and wallets, contributing to reducing the use of paper money, achieving financial inclusion, and reducing reliance on the dollar in daily transactions.”
Article: “Iraq: Top 5 Arab economy in 2024″
Quote: “Five Arab countries, including Iraq, accounted for 72% of the region’s GDP, which surpassed $3.6 trillion in 2024, according to a new report from the Arab Investment & Export Credit Guarantee Corporation (“Dhaman”) released on Sunday.”
