FRANK26: "THE RESERVES ARE GOING TO SUPPORT THE NEW EXCHANGE RATE... FINE WITH ME"......F26
Al-Sudani's advisor: Iraq's foreign exchange reserves are fine.
4/21/2025
- Baghdad
The Prime Minister's financial advisor, Mazhar Mohammed Salih, confirmed on Monday that Iraq's foreign exchange reserves cover 100% of the national currency.
Saleh said, "Iraq's foreign currency reserves still have the capacity to cover 100% of the national currency issued, and that commercial efficiency has been achieved."
He added, "These reserves still cover the country's imports for three months, and therefore foreign reserves are considered stable." He pointed out that the development of the optimal external use of foreign currency is achieved through a careful balance between the role of these reserves in maintaining the foreign purchasing power of the dinar and the stability of the exchange rate, and the standard of reserve efficiency, which is one of the functions of monetary policy as an independent body in achieving its goals of monetary stability and economic development.
On March 31, 2025, the Central Bank of Iraq revealed that the central bank's net foreign reserves for 2024 amounted to 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when they reached 145.64 trillion dinars. The Central Bank confirmed that the reason for the decline in foreign reserves is due to the rise in domestic public debt, which is intended to cover the real deficit in the state's general budget.
CBI made an announcement about notes
“ In recent years, this bank has noticed the circulation of foreign banknotes of some countries, some of which are real and traded, and some of which are withdrawn from circulation in addition to some fake foreign papers.
Such papers are used by some weak souls from outlaws for the purpose of defrauding citizens by luring them to replace them with the Iraqi dinar with much more than their real value, using pretexts and claims that replacing them constitutes great gains for them and rare opportunities for investment.
Therefore, the Central Bank of Iraq calls on the generous public and the specialized security and regulatory authorities to follow up on these matters and not to deal with those banknotes and to focus on Iraqi banknotes and those with which the Central Bank of Iraq and the banking system deals to avoid falling into the outlaws”
What is the importance of American companies visiting Iraq?
4/21/2025
- Baghdad
The Federation of Iraqi Chambers of Commerce affirmed on Monday that the visit of American companies is a message to the world that Iraq is a safe environment. It also explained that the visit resulted in an agreement on a regulatory framework for the private sector.
Abdul Razzaq Al-Zuhairi, head of the Federation of Iraqi Chambers of Commerce, said, "The visit of American companies to Iraq to invest and work with Iraqi businessmen is a positive and important step for Iraq.
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He explained that "Iraq is a fertile environment, and the visit of American companies to Iraq is a positive message to all countries of the world that Iraq is a safe environment."
He added, "American companies have signed numerous agreements with the Iraqi private sector in the fields of electric power and renewable energy. The most important memorandum is the signing of a regulatory framework between the Iraqi and American private sectors by the American Chamber of Commerce and the Iraqi Chamber of Commerce."
He pointed out that "a number of American companies have signed agreements with the private sector, most notably the global company Google,which is seeking to enter Iraq. Its representative came and wrote a positive message about Iraq, stating that Iraq is safe, which is an important message to the world."
MILITIAMAN: Iraqi Dinar - News - WTO Data - International Companies - Air Travel - Security.
Highlights
Summary
In this informative video, the speaker, likely a financial or geopolitical analyst, discusses recent developments regarding Iraq’s economic reforms, its progress towards international trade integration, and overall stability.
Acknowledging support from their Patreon community, the speaker emphasizes the role of banking reforms in expediting Iraq’s entry into the World Trade Organization (WTO).
The conversation also touches on Iraq’s infrastructure projects, security improvements, and efforts to establish reliable aviation services that align with international safety standards.
The content highlights significant improvements in various sectors, including banking, infrastructure, and security, which are crucial for building international partnerships. Mention is made of the ongoing influential role of international companies in implementing major developmental projects. Lastly, there are calls for sustained economic and political partnerships within the Arab region as Iraq seeks to bolster its standing on the international stage.
☕ Freedom Forge Coffee Promotion: The speaker endorses different coffee blends and tinctures that enhance focus and well-being, providing a discount code for viewers.
🌍 Iraq and the WTO: A central theme emphasizes Iraq’s ongoing reforms to achieve full compliance with WTO regulations, essential for international economic integration.
🚧 I
nfrastructure Initiatives: Discussion on significant infrastructure projects, particularly a major ring road development, illustrating Iraq’s commitment to modernization.
🛫 Aviation Sector Developments: Iraqi Airways is making strides to achieve international operational safety certification, crucial for enhancing the travel experience into Iraq.
🔒 Security Improvements: Glowing assessments of security enhancements made by the Interior Ministry lend confidence to both nationals and international travelers.
🌱 Sustainable Development Focus: The narrative underscores the importance of sustainable practices in economic development, pointing to long-term strategies benefiting local and international stakeholders.
🤝 Collaborations with International Corporations: Ongoing dialogues between the Iraqi government and international firms aim to solidify investment and development efforts.
Key Insights
💼 Economic Reform as a Gateway to Global Trade: The speaker presents economic reform as pivotal for Iraq’s accession to the WTO, suggesting that a compliant currency and effective exchange rate will be essential. Such reforms facilitate alignment with international standards, vital for attracting foreign investment and modernizing Iraq’s economy.
📨 Role of the Banking Sector: The banking sector’s modernization is framed as a facilitator of international trade. By working in compliance with global financial practices, Iraq aims to strengthen its banking frameworks, thereby enhancing its economic stability and inviting investments from international players.
🔍 Focus on Infrastructure Development: The speaker provides an analysis of Iraq’s infrastructure projects, including the pivotal ‘Baghdad ring’ road initiative. The readiness of international companies to engage in these projects signals a broader trend of modernization, crucial for supporting economic activities and improving citizen mobility.
✈️ Importance of International Air Travel Standards: The mention of Iraqi Airways’ efforts towards obtaining the International Operational Safety Audit underscores the significance of safe air travel in fostering international relationships. An efficient airline system is essential for economic growth, tourism, and attracting global business interests, thus serving as a barometer for the country’s stability.
🛡️ Positive Security Climate: With recent security achievements being touted as the best since the 2003 invasion, the narrative enhances Iraq’s image as a viable destination for investment and tourism. Efforts by governmental bodies to ensure stability not only reassure citizens but also attract international travelers and investors.
⚒️ Sustainable Development Goals: The emphasis on sustainable initiatives reflects a modern approach to governance, suggesting that government leaders are seriously considering long-term benefits over short-term gains. This strategy enhances Iraq’s international image while addressing local needs, paving the way for holistic development.
👫 Regional Cooperation Dynamics: The speaker discusses Iraq’s engagement with neighboring Arab countries, indicating a shift toward fostering human connections and societal ties. Such diplomatic efforts can lead to stronger trade relations within the region, underscoring the broader implications of Iraq’s reintegration into global affairs.
In conclusion, the video paints a broad picture of Iraq’s ongoing transformations driven by perseverance in economic reforms, infrastructural enhancements, and security measures. By highlighting these endeavors, the speaker showcases optimism for Iraq’s future as it reopens for international cooperation and stability, setting the stage for significant changes that may resonate globally. The community engagement via platforms like Patreon adds a personal touch, fostering a dedicated following eager for updates and insights on these pivotal developments.
