FIREFLY: WHEN THE COM IS FINISHED, ALAQ WILL GIVE US THE RATE!! @DINARREVALUATION #iraqidinar

 

A Sudanese advisor reveals the conditions for using the emergency reserve in the three-year budget and the conditions for disbursement., 4 APRIL

 A Sudanese advisor reveals the conditions for using the emergency reserve in the three-year budget and the conditions for disbursement.

The Prime Minister’s economic advisor, Mazhar Mohammed Salih, revealed on Thursday details of the use of the “emergency reserve” in the 2023 three-year budget, as stipulated in Law No. 13 of 2023.

Saleh told Al Furat News: “The emergency reserve allocations amount to 500 billion dinars, in accordance with Article 6 of the General Budget Law, which grants the Prime Minister and the Minister of Finance the authority to use these amounts to cover emergency expenses if there is an urgent need for spending and there are no allocations for this need, up to 3 billion dinars for each case.”

He pointed out that “any amount exceeding 3 billion dinars requires the approval of the Council of Ministers based on a proposal from the Minister of Finance.”

Saleh also confirmed that the Federal Board of Financial Supervision will submit a quarterly report to the House of Representatives on the uses of the “emergency reserve.”

Regarding the use of this reserve, Saleh explained that “there is no direct connection between it and the completion of ongoing projects, except in extreme emergencies that may relate to the country’s security or economic stability, or any other matters deemed necessary by the executive authority.”

Raghad

BRUCE HIGHLIGHTS, 4 APRIL

 Bruce

• Today Thurs. 3 April algorithms and 800 numbers were loaded. There was a problem with Bonds, but it got solved this afternoon.

• We can receive the 800 number at any time. Bruce will post it on his website.

• We will call for an appointment, but there will be a three day waiting period before they call us and let us know when our actual appointment will be.

• There were 26,000 Bonds that were bogus.

🚨 APRIL 1: Iraq’s Global Trade Switch Goes Live !! @DINARREVALUATION #iraqidinarinvestor #iraq

 

Iraq's foreign reserves rise to a record high , 4 APRIL

 Iraq's foreign reserves rise to a record high 

4/2/2025

 The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that foreign reserves are at their highest historical levels, helping to achieve economic balance and stability for the country. He also indicated that reserves still cover more than 100% of the currency in circulation.

Saleh said in a press statement: “The slight decline in the Central Bank’s reserves, estimated at 1% of the country’s total foreign reserves, is linked to two factors: First, the increased level of foreign currency reinforcements provided by the Iraqi banking system to its correspondents abroad for the purposes of financing trade and external transfers, which led to a significant decline in the dollar exchange rate against the dinar in the parallel market and an increase in the value of the dinar in that parallel market.”

He explained that "control over domestic liquidity levels has become high, significant, and influential in light of the increasing external value of the dinar, which continues to indicate a decline in the effectiveness of the parallel or secondary market in the country. There has also been a very clear decline in growth rates in the general price level and a very high level of price stability, unlike anything the country has ever witnessed before."

 He added, "The other issue depends on the degree of growth in the amounts in which the public finances exchange monthly oil revenues in foreign  currency for the dinar for the benefit of total spending (which is the basis of foreign reserves) and converting them into Iraqi dinars," noting that "this is also linked to the degree of discipline and control of public expenditures on the one hand, and thus the slowdown in the liquidation of government foreign currency proceeds into domesticliquidity that can be spent on the other hand through the general budget." 

He pointed out that "taking into account the risks of fluctuations in average export oil prices of about $70 or less per barrel in energy markets, which occurred in recent months, this means that the compatibility between the level of replenishment of foreign reserves (through collecting them through cash issuance), which may have become slower and less rapid on the part of public finance, and external transfers in foreign currency for the benefit of financing private sector trade on the part of the monetary authority, which is still at a relatively high pace, is what caused this deficiency or slight decline in foreign reserves."

Saleh continued, "Foreign reserves remain at their highest historical levels, achieving economic balance and stability for the country. The function of foreign reserves remains to defend price stability. However, it is also wise for the Central Bank of Iraq to closely monitor the movements of the current account of the balance of payments to maintain the stability of foreign reserves and monitor their growth safely." 

He stressed that "these foreign reserves still cover more than 100% of the currency in circulation and enjoy a high commercial efficiency of more than 15 months of imports, compared to the global standard of three months." He added that "the monetary authority is the only competent entity responsible for managing the country's monetary policy at the domestic and external levels, with a high degree of consensus in terms of balance and transparency to
achieve and maintain economic stability."   LINK

🚨 APRIL 1: Iraq’s Global Trade Switch Goes Live, 4 APRIL

 🚨 APRIL 1: Iraq’s Global Trade Switch Goes Live

Starting April 1st, Iraq officially activates the TIR system (Transports Internationaux Routiers), a UN-backed global customs framework that links the country to international trade and transport routes.

What it means:

— Iraq joins the world’s largest transit system

— Streamlined border crossings & customs clearance

— Massive boost to exports, imports, and foreign trade flows

— Another domino in Iraq’s economic reintegration

This isn’t just logistics. This is Iraq re-entering the global marketplace with modernized infrastructure and digital compliance.

TIR = global access, real-time clearance, and economic sovereignty.

Iraq just leveled up.

WOLVERINE:“ This was the holdup… now we are ready to go" @DINARREVALUATION #iraqidinarinvestor