Clare
Article: “The 25,000 denomination accounts for the largest share of banknotes in Iraq."
Quote: "Al-Obaidi Mentioned in a post on Facebook The number of banknotes issued by the Central Bank during January 2025 amounted to 6 billion banknotes, with a value of 100.3 trillion Iraqi dinars, an increase of 4.7% compared to January 2022, when the number of banknotes issued amounted to 5.7 billion banknotes, with a value of 78.2 trillion dinars.
Spending down, money supply shrinking: Iraq’s year-end financial snapshot
Shafaq News/ Iraq’s Central Bank (CBI) reported a significant decline in government spending and a corresponding decrease in the volume of currency in circulation by the end of 2024.
In a report on monetary and financial indicators, CBI said government spending dropped by 5.54% in December, totaling 12.95T IQD (about $10B) compared to 13.71T IQD (about $10.5B) recorded in November.
The decline in spending was accompanied by a reduction in the currency issued, which fell by 0.34 trillion dinars to reach 100.54T IQD ($76.8B) in December, down from 101.34T IQD ($77.4B) in November.
Last February, German market and consumer data platform Statista forecasted that Iraq’s government spending as a percentage of GDP would decrease in the coming years.
According to Statista’s report, government spending in Iraq accounted for 48.43% of GDP in 2024, marking the highest share in the past five years. However, it is projected to fall to 47.94% in 2025 and further to 45.1% by 2029.
MIKE BARA
UPDATE: Okay, here is the latest I just received:
We WILL see a rate tonight, but we will “not be able to do anything about it until Tuesday. Think of it as an IPO.”
Also hearing the Bolivar will NOT be in the first basket.
That’s the update.
BREAKING NEWS Iraq's Bold Request
Edu Matrix: 4-27-2025
REAKING NEWS Iraq's Bold Request -Iraqi Foreign Minister Fuad Hussein Meets U.S. Secretary of State Marco Rubio in Washington, D.C.
In today's breaking update, Iraqi Foreign Minister Fuad Hussein meets with U.S. Secretary of State Marco Rubio in Washington to discuss strengthening Iraq-US relations, improving Middle East security, and boosting economic cooperation.
A major highlight was Iraq’s push to reconsider the Level 4 travel advisory, which would allow easier travel to Iraq for investors and businesses.
This follows the successful U.S. Department of Commerce trade mission to Baghdad, where multi-billion-dollar deals were signed.
As Iraq’s security situation improves, the country is actively seeking to attract more foreign investment and expand its role in regional stability.
Stay tuned for the latest on Iraq news, foreign investment opportunities, and updates on U.S. diplomatic relations with Iraq.
Militia Man
Remember, Iraq's original currency was mostly reflected off of oil and rentier country. Not anymore.
That's going to mean they're going to need or will have a very strong powerful real effective exchange rate. It's obvious IMO
This is a time frame where Iraq is stabilizing their foreign reserves. They've increased their gold up to 163 tons of gold.
We have assurances from the likes of Saleh, Al Sudani etc that they have a strong stable economy, they have a strong stable country with security and stability. Hence all the investors are flocking in.
🌍 Breaking: A Global Shift Is Taking Shape A powerful convergence of geopolitical tension, financial transformation, and strategic reali...