Al-Sudani's Advisor: Annual Returns From Investing Reserves Are No Less Than $2 Billion

 Al-Sudani's Advisor: Annual Returns From Investing Reserves Are No Less Than $2 Billion

 
Money and Business  Economy News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Saleh, confirmed on Tuesday that the "annual returns" from investing foreign reserves are no less than $2 billion, according to his estimates. Saleh said,
 
"These investments are often short-term and  directed toward US, European, or British treasury bonds, 
with the goal of achieving appropriate returns." 

He added, "These investments are characterized by low risk and generate appropriate returns, and the invested assets can be quickly converted into cash without incurring losses." 

Saleh pointed out that "profits generated from reserves are divided into two types: the  first is realized, represented by direct interest, and the  second is unrealized, resulting from diversifying the investment portfolio, in addition to realizing potential profits from exchange rate differences between currencies and gold."

The Central Bank of Iraq previously revealed a decline in foreign reserves for 2024, reaching 130.81 trillion dinars, a 10.18% decrease compared to the same period in 2023, when these reserves reached 145.64 trillion dinars. https://economy-news.net/content.php?id=54462    

GINGER: "We could be just hours away"

 GINGER

Passengers Flying Freedom Flight GLL117 ✈️ - We have an announcement from a Special Friend. 

· A redemption center contact I know said that several uncommon currencies are populating on their screens now. 

· He tends to think we could be just hours away. 

· He didn't elaborate on the names of the currencies or their rates but he did say this rare anomaly had never happened before; and his staff is freaking out. ✨👀✨ 4.22.25

AJ: Iraq must introduce a replacement for its paper currency before revaluing the dinar!! #iqd

 

CRYPTO TRADER: The Global Economy Enters a New Era.

 CRYPTO TRADER

Within days, MasterCard services are expected to be suspended in Iraqi banks.

-- The Parliamentary Finance Committee rules out adjusting the price of a barrel of oil in the budget tables, and reveals the reason.

--

IMF BLOG The Global Economy Enters a New Era. The global economic system under which most countries have operated for the last 80 years is being reset, ushering the world into a new era. https://imf.org/en/Blogs/Articles/2025/04/22/the-global-economy-enters-a-new-era

PIMPY: THE DELETION OF ZEROS IS A REDENOMINATION

 Pimpy  

Community comment: "Delete the zeros, that's good, that's off the exchange rate." 

 No.  The deletion of the zeros is a redenomination.

  I they redenominate they take the zeros off first.  You better cross your fingers they change the exchange rate.

Is the New IQD Rate Already in the Budget? @DINARREVALUATION #iraqidinar #IQD #iraq

 

Central Bank of Iraq Warns about Fraudulent Banknotes

 Central Bank of Iraq Warns about Fraudulent Banknotes'

The Central Bank of Iraq (CBI) has issued a warning to the public regarding the circulation of foreign banknotes - including authentic, withdrawn, and counterfeit currency - used by fraudsters to deceive citizens.

According to the CBI, criminals lure individuals into exchanging these notes for Iraqi dinars at inflated rates under the false promise of exceptional investment returns. It gave examples of Venezuelan and Belarusian currencies.

The bank urges citizens and relevant security and regulatory authorities to remain vigilant and avoid dealing with any foreign notes outside the officially recognised currencies handled by the central bank and licensed banks.

(Source: CBI)