DINAR REVALUATION

Tuesday, May 27, 2025

FIREFLY: We are soon to hear that the official rate has matched that of the official CBI rate

Advisor To The Prime Minister: Providing Small Loans Provides Employment Opportunities Of No Less Than 60%

Advisor To The Prime Minister: Providing Small Loans Provides Employment Opportunities Of No Less Than 60%

Economy May 23, 2025, 11:39 Baghdad - INA - Amna Al-Salami Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Friday, that providing small loans absorbs and provides employment opportunities of no less than 60%.

He explained that the loans expand the activity of small businesses and increase their contribution to the country's gross domestic product.

Advisor to the Prime Minister, Mazhar Mohammed Salih, told the Iraqi News Agency (INA):

"Within the framework of administrative reform and combating bureaucracy, which are principles of the government's approach, the factor of

simplifying procedures is the first priority in maximizing resource management and economic activity to achieve promising sustainable development in accordance with our country's development goals." He added,

"Prime Minister Mohammed Shia al-Sudani's directive to simplify microfinance grants undoubtedly carries significant benefits at both the individual and economic levels, as

many microfinance programs target marginalized or emerging groups, such as women and housewives, contributing to their integration into the economy." Saleh explained that

"these loans are highly effective financial levers for employment and mobilizing labor market actors, as

they facilitate the start-up of private projects for young people and skilled craftsmen and women, opening the door to entrepreneurship. "

He noted that they "help generate a stable source of income for individuals and their families, and reduce poverty and unemployment rates by empowering individuals economically.

Therefore, these microfinance loans are a cornerstone of the financial inclusion policy and one of its goals of eliminating unemployment and achieving development and income equality as much as possible."

He explained that "loans

     play a significant role in employment policy and

     affect the balance of the labor market, by

     absorbing and providing employment opportunities that constitute no less than 60% of available job opportunities, not to mention their role in

     raising growth rates in the gross domestic product," noting that

"they play a role in expanding the activity of small enterprises, which increases their contribution to the country's gross domestic product."      https://www.ina.iq/234862--60.html

JON DOWLING UPDATE

JON DOWLING

The dollar is getting crushed, now at 98.75.

The 10 year is also down significantly.

Gold and silver hanging in there.

This is positive for the RV, I would say, and should be a tailwind for the stock market if it holds.

SANDY INGRAM: Here's the 3 ways the Development Road Project will increase the IQD's value #iqd

Joint Statement Of The Central Bank Of Iraq And The Central Bank Of Tunisia

Joint Statement Of The Central Bank Of Iraq And The Central Bank Of Tunisia

May 25, 2025 In the context of strengthening bilateral relations and consolidating cooperation between the Republic of Iraq and the Republic of Tunisia,

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq,
met in the Iraqi capital, Baghdad,with His Excellency the Governor of the Central Bank of Tunisia, Mr. Fathi Zuhair Al-Nouri, on the sidelines of the conference:

“Iraq’s National Strategy for Financial Inclusion 2025-2029: Vision and Diagnosis,”
organized by the Central Bank of Iraq.

    During the meeting, a memorandum of cooperation and coordination was signed between the Central Bank of Iraq and the Central Bank of Tunisia,

expressing both sides' commitment to

     developing joint frameworks and
     consolidating the principles of banking integration,

in light of the development of economic relations between the two brotherly countries.

    The memorandum stipulates enhancing cooperation in several areas, most notably:

    • Banking supervision and risk management in line with international standards.
    • Enhancing and expanding the use of electronic payment systems with the aim of supporting financial inclusion.
    • Supervising payment systems and exchanging expertise on developing their technical infrastructure.
    • Exchange of information and expertise in the areas of financial innovation, cybersecurity, and combating money laundering and terrorist financing.

    This visit provided an opportunity for both parties to discuss financial issues of mutual interest and explore opportunities for joint cooperation in developing the banking sector's infrastructure,

particularly with regard to modernizing and developing electronic payment systems and financial services.

This reflects both sides' commitment to
strengthening channels of dialogue and
technical and regulatory cooperation with their counterparts
in the region, the Arab world, and internationally.

    Through this partnership, the two sides affirmed their continued efforts to

      keep pace with developments in international banking and
     build strategic cooperative relations that contribute to
     achieving financial stability and
     supporting economic growth between the two brotherly countries.
https://cbi.iq/news/view/2900

TIDBIT FROM SANDY INGRAM

Sandy Ingram

Development Road Project...$17 billion project is an ongoing infrastructure development connecting Asia with Europe by establishing a network of railways, roads, ports and cities.

Iraq will be changed by the DRP in 3 major ways:

1. Diversification of Revenue beyond oil... 2. Job creation...this employment surge will increase household incomes and stimulate domestic consumption, all of which point to a higher IQD value.

3. Transportation infrastructure enhancement will reduce shipping times between Asia and Europe making Iraq a competitive alternative to traditional routes like the Suez Canal .

Here's the 3 ways the Development Road Project will increase the IQD's value.

1. Higher fees from transit fees and trade will help to increase Iraq's foreign currency reserves. This will provide a substantial foundation for the IQD.

2. Economic diversification and infrastructure improvements can attract foreign investments increasing demand for the IQD and potentially leading to currency appreciation.

3. A more balanced economy with multiple revenue streams can stabilize prices, contributing to a stronger and more stable currency.

It will also satisfy the IMF's recommendations for diversified revenue for a stronger Iraqi economy.