"THE DOLLAR'S DECLINE IS IN THE INTEREST OF CITIZENS AND STRENGTHENS THE PURCHASING POWER OF THE DINAR."
"Perhaps this decline in the dollar price is a result of the stability of the political, security and social situations in the country, and without a doubt all of this has a positive impact on the exchange rate."
WOW! "Hamid Abu Firas, owner of a money exchange company, explained to Al-Masry that this fluctuation in the exchange rate cannot be called a fall in the dollar price, but rather an increase in the value of the Iraqi dinar against other currencies."
WOW!
GOVERNMENT PLANS "Government agencies previously indicated that the sustained improvement in the
dinar's exchange rate against the dollar depended on two key factors." WOW!
Let's talks more about this article in today's Newslettter.
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Morning and a great and wonderful Tuesday to you all
Member: Mark, you said yesterday that things have been Painfully quiet! Anything change?
MZ: Its still quiet on the bond side. I’m not to surprised because the business day just started. Last week they were expecting payments this week.
MZ: Some bankers are excited about overnight tonight….but I don’t think they are right. I have been hearing for some time that the 27th and 28th will be big days. But no one knows the exact date.
Member: Remember when you used to say a nothing burger, I am now hating to hear the bond side is still quiet. I think we need a new catchphrase for ain’t nothing happening lol
Member: I am losing faith and hope. I know Iraq will RV (revalue) but after that-any real changes in the world? I don’t trust the white hats anymore
Member: just because you're not hearing anything doesn't mean nothing happening
MZ: Emotional Exhaustion is something we all have and the White hats need to be cognitive of. They keep saying for us to trust the plan…..but the people are just tired.
Member: According to Trump we were supposed to start celebrating on Memorial Day? Still waiting to celebrate?
Member: White Hats-if you exist-we need a financial reprieve, please
Member: At this point it's perfectly reasonable to question just what is going on. We've been more than patient. Could you imagine being a bank employee at this point - utter madness.
MZ: Can you imagine what the bank employees are feeling at this point? I am glad you guys are questioning. I think it is healthy that we question.
Member: I’m feeling like it’s all a make believe dream even tho I prayed before investing and was urged to invest. Still it’s a mess as far as yes it is no it isn’t.
Member: I feel the same way. been a bunch of let downs. I feel we are at the point that whoever is awake is awake and the sleepers will continue to sleep. it's time to bring everything to the front
Member: No wonder our family members Dont believe in the RV ! - No more talk Time for massive action ! Boy has cried wolf to many time's
Member: would like to start seeing perp walks. that would excite me
Member: There are a lot of things and changes happening behind the scenes
Member: 250 year celebration parade on June 14….also Trumps birthday
Member: July 14 is the date that iraqi is going fully digital. And hopefully we have passed stablecoin registration by then.
Member: July 1st is supposedly the day Basel 3 laws go into effect with all banks worldwide.
Member: There's a lot of news out there that looks like June could be our month, if not sooner.
Member: A week ago I called the local 5th third bank. Asked if I could order currency. She then asked which currency . I told her Iraq dinar, Vietnamese Dong, was placed on hold. She came back to say unavailable.
Member: Mark, do you think all currencies will still go at the same time?
MZ: I do. That is what makes the most financial sense
Member: Prime Minister Mohammed Shia al-Sudani chaired a meeting on Monday of the Supreme Committee tasked with re-evaluating and restructuring the boards of directors of government banks.
MZ: “Board of Central Bank of Iraq to be restructured “ They are re-assesing and re-structuring the board of directors at the CBI. They are going to have a complete overhaul . a global reset and changing the rate of the dinar is a perfect time for this.
Member: Representative Raed Al-Maliki confirmed, Monday, that the Council of Rep.s is preparing to hold extraordinary sessions with the aim of passing some important laws.
MZ: there is great progress going on in Iraq.
MZ: “Customs is in the process of recovering more than 17 billion dinars from violating companies, projects and factories”
MZ: “ US Secretary of State: Kurdish autonomy and prosperity are at the center of our policy towards Iraq: concerned about the influence of Iran and militias”
MZ: “White reveals: US law lists Maliki, Amiri and Zaida on terrorist lists” Nouri al Maliki is very tight with Iran. He has also been a thorn in the side of the reset for over a decade. Maybe they are finally making their final moves.
Member: About time he was listed as a terrorist…..
MZ: “Dollar continues to fall in Baghdad” I have been told that once the black market reaches the same rate as the free market…they will have a rate change.
Member: just watch for the 1400 black market rate to get closer to the 1310 CBI rate- that's what we want
Member: Last night Frank26 said the key number is 1390
Member: I wonder if the stock market is still to crash before the RV? That way the big banks fall and then will be propped up by the RV???
Member: I think after all said and done and we are past the finish line I think the word SOON should be removed from the English language….just sayin!
Member: no matter how long you have waiting for this, the last few days before it goes will feel like the longest
Member: I believe we are very close to the reset go signal
Member: All we can do is hang in there…….dont give up everyone.
NADER FROM MID EAST: Passing the budget a couple of days
Summary
The Iraqi government is expected to soon submit the 2025 budget tables to the House of Representatives, although no official announcement has yet been made. Indications from government and parliamentary circles suggest that technical preparations and discussions are underway.
The parliamentary finance committee expressed confidence that the budget tables for the current year could be approved within the next few days,
contingent on their submission shortly after the legislative recess ends.
Committee member Moen al-Cadimi emphasized that once the government sends the budget tables, the parliament is obligated to convene sessions until the tables are voted on.
However, details regarding the spending items and financial allocations within the tables remain unknown at this stage.
Notably, Iraq approved a three-year budget covering 2023, 2024, and 2025—a pioneering approach since 2003—aimed at promoting financial planning stability and smoother implementation of medium-term projects. Despite this, the year-by-year execution mechanism, which requires detailed annual tables outlining financial distributions by ministries and governorates, has been delayed specifically for the 2025 budget. This delay violates established deadlines and impedes the progress of infrastructure projects and service plans that depend on the tables to guide their financial and developmental strategies. This issue is increasingly critical as the second half of the fiscal year approaches, leaving governorates without clarity about available funding.
🏛️ Iraqi government preparing to submit 2025 budget tables to Parliament soon.
📅 Parliamentary finance committee optimistic about budget approval within days.
🔍 Details of 2025 spending allocations remain undisclosed.
📊 Iraq adopted a three-year budget (2023-2025) to enhance financial stability.
⏳ Delay in submitting 2025 budget tables breaches deadlines.
🏗️
Budget delay hampers infrastructure and service project implementation.
📉 Governorates face uncertainty in financial planning for second half of fiscal year.
Key Insights
🕒 Urgency of Budget Submission: The looming submission deadline underscores the critical timing for Iraq’s budgetary process. Delays not only violate parliamentary deadlines but also stall essential government functions, highlighting the importance of timely fiscal governance. Effective budget submission is a prerequisite for parliamentary approval and subsequent fund disbursement, impacting nationwide projects.
🏛️ Role of Parliament in Budget Oversight: The parliamentary finance committee’s readiness to convene sessions once the budget tables are received illustrates the legislative body’s active role in ensuring government accountability. This dynamic underscores the balance of power in the budgetary process and the necessity of transparent government communication.
🔄 Transition to Multi-Year Budgeting: Iraq’s three-year budget for 2023-2025 represents a strategic shift towards medium-term financial planning. This approach aims to improve project implementation consistency, reduce annual budgeting volatility, and provide a structured outlook, which is crucial in a country prone to economic and political instability.
🔍 Importance of Detailed Budget Tables: While the three-year framework sets the broad parameters, the annual budget tables are essential for operationalizing the budget. They break down expenditures and revenues by ministry and governorate, which are vital for aligning local and sectoral plans with available resources. The absence of these details creates uncertainty at all administrative levels.
🚧 Impact on Infrastructure Development: The delay in submitting the detailed budget tables directly hinders the progress of infrastructure and service projects. These projects often depend on clear, reliable funding timelines to plan and execute operations effectively.
The delay threatens to slow economic development and service delivery, especially in underserved regions.
⚖️ Financial Planning Challenges for Governorates: Without clarity on budget allocations, governorates face difficulties in crafting their financial and developmental plans. This funding ambiguity could exacerbate regional disparities and undermine efforts to address local needs, weakening the broader national development agenda.
📉 Risks of Fiscal Uncertainty: As the second half of the fiscal year approaches, the ongoing delay in the budget process fosters an environment of financial uncertainty. This may affect not only public investment but also discourage private sector participation, with broader implications for economic growth and stability.
In conclusion, while Iraq’s adoption of a three-year budget framework is a significant step forward, the pending submission and approval of the 2025 budget tables is critical to translating medium-term planning into actionable results. Addressing this delay is vital to ensuring continued infrastructure development, service provision, and effective governance in the months ahead.
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
