FIREFLY: The budget is not for 1310 @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Predictions of global economic variables and their impact on the Iraqi economy (2025-2030), 24 MARCH

 Predictions of global economic variables and their impact on the Iraqi economy (2025-2030)

In light of the analysis of the current situation of international variables economically, politically and security and the extent of their expected effects on the Iraqi economy. With a scutify eye to the challenges and crises that the national economy has experienced, affected by the economic crises that major countries have suffered economically.

 The strategic conflicts between America and China and the alignment of some countries with the US strategy to lead the world economically and other countries are moving towards the strategy of China and some emerging countries to establish a new international economic pole to confront American hegemony.

One of the most prominent results of this conflict is the global crisis in energy and food, which has lasted for more than a decade and continues to plagh countries with rit, weak and poor economies and prevent them from moving structurally and comprehensively to emerging economies that are able to withstand and overcome the effects of global economic conflicts.

 Since mid-June 2014 and the first quarter of 2020, the Iraqi economy has faced complex and accumulated challenges due to the changes in the global economy and the slowdown in global economic growth of the conditions of the American-Chinese conflict, the Corona pandemic, the fight against terrorism, the decline in global oil prices and its reach of decline rates that exceeded 70%,

 economic recession and damaged most countries due to those repercussions, which had their effects on the Iraqi economy, and what interests us is what are the results of these repercussions and what are the expectations, effects and their repercussions on the current economic reality in Iraq during the coming years and until 2030.

In the light of the study and analysis, my mayati can be expected at the level of the global economic system and the repercussions of this on Iraq:

First, the decline in growth rates in the global economy is expected, affecting the American economy and the economies of the European Union countries in China and Russia, but at varying rates, and the economic recession will prevail in most countries of the world. 

This will be reflected in the slowdown in GDP growth by rates ranging from (4-10%) in oil-producing and non-producing Arab countries, especially after the countries of the geographical region entered new challenges due to the Zionist aggression on Gaza, the West Bank, Lebanon, Syria and Yemen. This created a new complex circumstance that will have negative effects on the national economy.

Second, the new global economic system, which we expect to emerge in the coming years, will inevitably be formed and will have a clear economic and financial leadership for America and China. It will make the Silk Road to include the countries that were planned to pass through to revive their economies. It will actually be achieved. It is expected to achieve the path of development and there will be an important role for Iraq and for the countries participating in the project.

Third, the philosophy of economic management will also shift in general, from the capitalist market economy to the social market economy that is currently adopted as a disciplined ideology, as in China and some countries of the world. It is just early expectations and the Arab economy will probably belong to the new pole, the largest and economically stronger.

So what is required of economic decision-makers in Iraq in the face of these developments and variables that are expected to sweep the world. I see from an insightful analytical view of the current economic reality that we urgently need a radical and comprehensive economic change and reform that adopts the following basic axes:

First, re-changing the map of national income resources by reducing dependence on oil as a major resource by activating other resources in the coming years to reach 30% of the total general budget resources.

Second, radical and comprehensive change of agricultural, industrial, trade, oil, energy and water policies by adopting local resources in securing food and water security, encouraging, protecting and supporting the local product and developing programs and strategies in consumer protection.

Third, supporting, developing and stimulating the private sector and benefiting from its capabilities, potentials, capital and investments in building the national economy and involving it in economic decision-making and managing the economy.

Fourth, drawing clear strategies for coordination between monetary and financial policies, drawing clear financial policies and re-establishing the preparation and presentation of annual general budgets on the basis of programs, not items. The weight of the budget deficit to the legally specified ratio to GDP, as well as reducing domestic borrowing to the lowest possible and not borrowing from abroad at all.

Fifth: Completing the new methodology adopted by the Central Bank in reform, banking development and digital transformation in all digital fields, with a focus on implementing the Central Bank’s strategy and the development of the financial position and using artificial intelligence in the analysis, transparency and accuracy of data for the purposes of proper planning of the economy and to overcome the challenges of instability in the financial system and the monetary system. This means developing coordinated and balanced plans to overcome the challenges of monetary policy and the challenges of the non-oil income deficit, the deficit in the balance of payments, the trade balance and the percentage of the contribution of the productive sectors (real economy) to GDP.

https://economy-news.net/content.php?id=53683

RESPONSE OF FNU LNU TO SANDY'S DIGITAL DINAR POST, 24 MARCH

 Fnu Lnu  

 [Response to Guru Sandy's 3-21-2025 digital dinar post below]   

It was made abundantly clear that the electronic dinar/digital dinar will be used exclusively for International/ cross-border payments due to the expansion of global trade. That's the reason for it and the folding currency will be used for domestic trade and banks will use three zero notes for intrabank transfers. There is no "IF".

 Sandy Ingram 

 If digital dinars are restricted to residents, those holding physical IQD outside Iraq may need to cash out sooner rather than later.  However if Iraq opens access to digital accounts it could provide a modernized way for foreigners to hold and trade IQD but only through officially sanctioned channels.

SANDY INGRAM: CBI WILL HAVE A DIGITAL IRAQI DINAR MORE ABOUT THIS #IQD #iraqidinarinvestor #iraq

 

Forecasts of global economic variables and their impact on the Iraqi economy (2025-2030), 24 MARCH

  Forecasts of global economic variables and their impact on the Iraqi economy (2025-2030)

Samir Al-Nusairi

 In light of analyzing the current situation of international economic, political and security variables and the extent of their expected impact on the Iraqi economy. 

And with a close eye to the challenges and crises that the national economy has gone through, influenced by the economic crises that the major economic countries have suffered from, and the strategic conflicts between America and China, and the bias of some countries towards the American strategy to lead the world economically, and other countries moving towards the strategy of China and some emerging countries to establish a new international economic pole to confront American hegemony.

One of the most prominent consequences of this conflict is the global energy and food crisis, which has lasted for more than a decade and continues to plague countries with weak, poor, and rentier economies, preventing them from making a structural and comprehensive transition to emerging economies capable of withstanding the impacts of global economic conflicts. 

Since mid-June 2014 and until the first quarter of 2020, the Iraqi economy has faced complex and cumulative challenges due to shifts in the global economy, the slowdown in global economic growth due to the US-China conflict, the COVID-19 pandemic, the fight against terrorism, the decline in global oil prices, which reached rates exceeding 70%, and the economic recession. Most countries around the world have been affected by these repercussions, which have had a profound impact on the Iraqi economy. What concerns us is the outcome of these repercussions and the expectations, impacts, and implications for the current economic reality in Iraq in the coming years and until 2030.

In light of the study and analysis, the following can be expected at the level of the global economic system and its repercussions on Iraq:

Firstly, it is expected that the growth rates of the global economy will decline significantly in the American economy and the economies of the European Union countries, China and Russia, but at varying rates. The economic recession will prevail in most countries of the world and this will be reflected in a slowdown in the growth of the gross domestic product by rates ranging between (4-10%) in the Arab oil-producing and non-oil-producing countries, especially after the countries of the geographical region entered new challenges due to the Zionist aggression on Gaza, the West Bank, Lebanon, Syria and Yemen.

 This has created a new complex situation that will have negative effects on the national economy.

Secondly, the new global economic order that we expect to emerge in the coming years will inevitably take shape and will be under the clear economic and financial leadership of America and China. The Silk Road will be activated to include the countries through which it was planned to pass to revive their economies and will actually be completed. It is also expected that the development path will be completed and that there will be an important role for Iraq and the countries participating in the project and that this will have positive repercussions on the economy.

Thirdly, the philosophy of economic management will most likely shift from the capitalist market economy to the social market economy currently adopted as a disciplinary ideology, as in China and some other countries around the world. These are just early predictions, and the Arab economy will most likely be subservient to the new, larger and more economically powerful pole.

So what is required of economic decision-makers in Iraq in the face of these developments and changes expected to sweep the world? I see, with a penetrating analytical eye to the current economic reality, that we urgently need radical and comprehensive economic change and reform based on the following key axes:

First: Re-changing the map of national income resources by reducing dependence on oil as the main resource and activating other resources in the coming years to bring them to 30% of the total resources of the general budget.

Second: Radically and comprehensively changing agricultural, industrial, commercial, oil, energy and water policies by relying on local resources to ensure food and water security, encouraging, protecting and supporting local production, and developing programmes and strategies to protect consumers.

Third: Supporting, developing and stimulating the private sector and utilizing its capabilities, potential, capital and investments in building the national economy and involving it in economic decision-making and economic management.

Fourth: Developing clear strategies for coordination between monetary and fiscal policies, formulating clear financial policies, and restoring the foundations for preparing and presenting annual general budgets based on programs rather than items. Reducing the budget deficit to the legally specified percentage of the gross domestic product, as well as reducing domestic borrowing to the lowest possible level and avoiding borrowing from abroad at all.

Fifth: Completing the new methodology adopted by the Central Bank for banking reform and development and digital transformation in all digital fields, with a focus on implementing the Central Bank’s strategy, establishing the financial center, and using artificial intelligence in analyzing, ensuring transparency and accuracy of data for sound economic planning purposes and overcoming the challenges of instability in the financial and monetary systems. 

This means developing coordinated and balanced plans to overcome the challenges of monetary policy, the challenges of the deficit in non-oil revenue, the deficit in the balance of payments and the trade balance, and the percentage of contribution of the productive sectors (the real economy) to the gross domestic product link

DINAR EXCHANGE: Iraq’s delegation concluded meetings with the International Monetary Fund (IMF) , 24 MARCH

 DINAR EXCHANGE

In February 2025, Iraq’s delegation concluded meetings with the International Monetary Fund (IMF) in Amman, where participants,

including Minister of Finance Taif Sami and the Governor of the CBI, discussed Iraq’s economic performance and sustainable growth. The IMF acknowledged the progress made. Additionally, the CBI has been promoting digital payments to enhance financial inclusion, with initiatives increasing the use of ATMs and e-wallets, raising financial inclusion from 20% to 40% in just two years.

MARKZ: THE WHITE PAPERS WILL ADD VALUE TO THE IRAQI DINAR #IQD #iraqidinarinvestor #iraq