Economist: Financial Debts Have Caused A Liquidity Crisis In Government Banks And The Pension Fund., 17 APRIL

 Economist: Financial Debts Have Caused A Liquidity Crisis In Government Banks And The Pension Fund.

Time: 2025/04/16 12:35:41 Read: 2,010 Times  {Economic: Al Furat News} Economic expert Salah Nouri confirmed on Wednesday the existence of a liquidity crisis at a number of government banks, including Rafidain and Rashd banks, in addition to the Trade Bank of Iraq and the Iraqi Employees' Retirement Fund. He attributed the reason to the accumulation of internal debts at the Ministry of Finance as a result of its reliance on domestic borrowing to cover the budget deficit over the past years.

Nouri told Al Furat News Agency, "There is a liquidity crisis plaguing government banks and the pension fund, as a result of the Ministry of Finance's mounting internal debts to cover the budget deficit for several consecutive years. "

He added that "this crisis has directly impacted these institutions' ability to meet their obligations," while noting that he "does not have precise figures that can confirm or deny the statements made by several MPs on this matter, due to the Ministry of Finance's directive not to provide government banks with any financial information."

In recent years, the Iraqi Ministry of Finance has relied on a policy of domestic borrowing to cover recurring deficits in the public budget, by borrowing from government banks and the employees' pension fund.

This approach, although a temporary measure to address operating expenses, has led to the accumulation of massive debts for the Ministry of Finance, directly impacting the liquidity of lending financial institutions.  LINK

EXCERPTS FROM MARKZ: " IQD values are going kooky…" , 17 APRIL

 MarkZ  

 [via PDK]  

 Bank stories really do give us hope for timing…and I love this one…: My son was not a believer in the IQD…but he is now. My son is a day trader…and as plugged into the traditional system as you can get… 

 “Here is what he texted: “I noticed lots of movement in the market and IQD  values on the trading views

 (MZ: in other words - he was looking at the screens and saw this) IQD values are going kooky…

so I reached out to a friend at a bank 9, an old friend and employer, and asked what is going on?  The response from the banker was this...

 "You should definitely get some…Hold some dinar…keep it close by…I believe very soon it will be exchanging…I am serious.”   MarkZ:  So now her son is a believer

WALKINGSTICK: "Aki's bank is for the exchange of the three zero notes" @DINARREVALUATION #iqd

 

An Economic Expert Told NINA: US Tariffs Will Contribute To Raising Oil Prices, 17 APRIL

 An Economic Expert Told NINA: US Tariffs Will Contribute To Raising Oil Prices

Wednesday, April 16, 2025 14:55 | Economic Number of reads: 142  Baghdad / NINA / Economic expert Safwan Qusay confirmed on Wednesday that imposing US tariffs on some countries will contribute to raising oil prices and thus reflect on the oil-producing countries of the Middle East.

He said in a statement to / NINA /: "Imposing economic tariffs by Washington will contribute to the withdrawal of many American investments in the world, as well as the possibility of increasing the production volume of companies within the US to meet demand within the Washington environment, stressing that raising such tariffs on Chinese goods will contribute to reducing oil consumption in China until China succeeds in finding other markets, and this issue needs some time and will be reflected in oil prices and thus reflect on the oil-producing countries of the Middle East."

He stressed, "Iraq needs to intensify trade conditions with the United States of America to ensure the presence of American goods in the Iraqi market and to support the issue of reducing these tariffs."

He continued, "Iraq can contain this crisis and has succeeded in establishing good relations with the United States of America, and there are no indications of oil prices falling below their current levels of $65, which is a price sufficient to cover operating expenses for this period." /End  https://ninanews.com/Website/News/Details?key=1198180

Global Banks Preparing for Massive IQD Exchange, 17 APRIL

 Global Banks Preparing for Massive IQD Exchange

Rumors surrounding the Iraqi Dinar (IQD) and its potential revaluation have circulated for years. Now, a recent report from Iraqi Dinar Breaking News alleges that major global banks are actively preparing for a significant exchange event, sparking renewed excitement and speculation among investors holding the currency. The report claims that confidential data leaks point towards a possible revaluation between $4.72 and $6.05 per Dinar.

It is crucial to understand that these reports are based on alleged “leaks” and insider information.  There is no concrete, official confirmation from any recognized financial institution or government body regarding a definitive IQD revaluation. Investing in any currency, especially one as speculative as the Iraqi Dinar, carries significant risks.

While the prospect of a significant IQD revaluation might be enticing, it’s imperative to approach such claims with healthy skepticism and prioritize informed decision-making based on verifiable facts. The information presented in this article is for informational purposes only and should not be considered financial advice.

MNT GOAT: "Things are moving quickly now.!!" @DINARREVALUATION #iqd #iraq #iraqidinar

 

Urgent and confidential: Iraq launches maritime security cooperation with Kuwait without official announcement , 17 APRIL

 Urgent and confidential: Iraq launches maritime security cooperation with Kuwait without official announcement 

4/16/2025

  An official document issued by the Prime Minister's Office revealed that an "urgent and top secret" letter was sent to the Ministry of Defense - General Secretariat, regarding the initiation of maritime security cooperation with the Kuwaiti side.

  According to the letter dated March 26, 2025, and signed by the Prime Minister's Office Director, Ali Razouki Al-Lami, a copy of which was obtained by {Euphrates News}, the directive is based on the approval of Prime Minister Mohammed Shia Al-Sudani, and stipulates "taking the necessary measures and starting work according to the mechanism for maritime security cooperation with Kuwaiti authorities, temporarily, starting April 1, 2025, without an official announcement."   LINK